International economics

International economics

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

Industry: Economy

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International economics

Kaleidoscope comparative advantage

Economy; International economics

A variant of fragmentation due to Bhagwati and Dehejia (1994).

Keiretsu

Economy; International economics

A group, or network, of manufacturing and other companies in Japan, usually centred around a bank and including a trading company. Keiretsus are characterised by cross-ownership of shares, strategic ...

Kindleberger spiral

Economy; International economics

A diagram introduced by Kindleberger (1973) showing the dramatic downward spiral of world trade during the first years, 1929-33, of the Great Depression. Its twelve axes radiate out from the origin ...

Knowledge capital model

Economy; International economics

A model of a multinational enterprise in which knowledge capital plays an essential role. Named and estimated by Carr et al. (2001), who attribute it to earlier work by Markusen and others.

Kondratieff cycle

Economy; International economics

A cycle in economic activity hypothesised by Kondratieff (1926) to operate over a period of several decades and divided into four phases: spring (expansion), summer (recession), autumn (plateau), and ...

Investment

Economy; International economics

1. Addition to the stock of capital of a firm or country. 2. Purchase of an asset, real or financial. 3. The use of resources today for the purpose of increasing productivity or income in the future.

Investment bank

Economy; International economics

A commercial institution that provides a variety of services to firms and other entities that seek to raise funds and/or invest their own funds. These services include underwriting, advising, ...