International economics

International economics

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

Industry: Economy

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International economics

Export subsidy

Economy; International economics

1. A subsidy to exports; that is, a payment to exporters of a good per unit of the good exported. 2. Sometimes applied to any payments to producers that lead to an increase in exports.

Export tariff

Economy; International economics

A tax on exports, more commonly called an export tax.

Export-import company

Economy; International economics

A firm whose business consists mainly of international trade: buying goods in one country and selling them in another, thus both exporting and importing. Same as import-export company.

External balance

Economy; International economics

1. Balance of payments equilibrium. 2. Any target value for the balance on current account, balance on capital account, or balance of payments. Contrasts with internal balance.

External economies of scale

Economy; International economics

A form of increasing returns to scale in which productivity and thus costs of individual firms depend on the output of their entire industry, rather than just their own. Unlike more conventional ...

External shock

Economy; International economics

A shock that originates from outside of an economic system, especially a country.

A facilitating (or facilitation) payment is a payment for "routine governmental action," such as providing normal government services. It is, in fact, a bribe, but a small one that does not induce ...