International economics

International economics

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

Industry: Economy

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International economics

Customs union

Economy; International economics

A group of countries that adopt free trade (zero tariffs and no other restrictions on trade) on trade among themselves, and that also, on each product, agree to levy the same tariff on imports from ...

De minimis

Economy; International economics

A legal term for an amount that is small enough to be ignored, too small to be taken seriously. Used to restrict legal provisions, including laws regarding international trade, to amounts of activity ...

Debenture

Economy; International economics

1. A debt that is not backed by collateral, but only by the credit and good faith of the borrower. 2. A certificate issued by customs authorities entitling an exporter of imported goods to be paid ...

Debt crisis

Economy; International economics

1. Any situation in which a country, usually a developing country, finds itself unable to service its debts. 2. The Latin American Debt Crisis.

Debt overhang

Economy; International economics

A situation in which the external debt of a country is larger than it will be able to repay. Often due to having borrowed in foreign currency and then had its own currency depreciate.

Debtor nation

Economy; International economics

A country whose assets owned abroad are worth less than the assets within the country that are owned by foreigners. Contrasts with creditor nation.

Decreasing returns to scale

Economy; International economics

A property of a production function such that changing all inputs by the same proportion changes output less than in proportion. Example: a function homogeneous of degree less than one. Also called ...