International economics

International economics

International trade theories, policies, finances and their effects on economic activities.

Industry: Economy

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International economics

Cost function

Economy; International economics

A function relating the minimised total cost in a firm or industry to output and factor prices.

Cotonou Agreement

Economy; International economics

A partnership agreement between the EU and the ACP Countries signed in June 2000 in Cotonou, Benin, replacing the Lomé Convention. Its main objective is poverty reduction, "to be achieved through ...

Countervailing duty

Economy; International economics

A tariff levied against imports that are subsidised by the exporting country's government, designed to offset (countervail) the effect of the subsidy.

Covariance

Economy; International economics

A measure of the extent to which two economic or statistical variables move up and down together. For two variables ''x'' and ''y'' with values ''x i '', ''y i '', ''i=''1,…,''n'', the covariance ...

A measure of the presence of nontariff barriers, defined as the value of imports subject to one or a group of NTBs, divided by the total value of imports. Contrasts with frequency ratio and tariff ...

Covered interest arbitrage

Economy; International economics

A combination of transactions on two countries' securities and exchange markets designed to profit from failure of covered interest parity. A typical set of transactions would include selling bonds ...

Credit

Economy; International economics

1. Recorded as positive (+) in the balance of payments, any transaction that gives rise to a payment ''into'' the country, such as an export, the sale of an asset (including official reserves), or ...