International economics

International economics

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

Industry: Economy

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International economics

Brazil, Russia, India, and China (BRICs)

Economy; International economics

Acronym for four large low-income countries, Brazil, Russia, India, and China, that were growing rapidly in the early years of the 21st century. Term was coined by researchers at Goldman Sachs in ...

Bretton Woods

Economy; International economics

A town in New Hampshire at which a 1944 conference launched the IMF and the World Bank. These, along with the GATT/WTO became known as the Bretton Woods Institutions, and together they comprise the ...

Bribe

Economy; International economics

A payment made to person, often a government official such as a customs officer, to induce favourable treatment.

Bubble

Economy; International economics

A rise in the price of an asset based not on the current or prospective income that it provides but solely on expectations by market participants that the price will rise in the future. When those ...

European Trade Study Group

Economy; International economics

A group that meets annually for conferences on the economics of international trade.

European Union

Economy; International economics

A group of European countries that have chosen to integrate many of their economic activities, including forming a customs union and harmonising many of their rules and regulations. Preceded by EEC ...