International economics

International economics

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

Industry: Economy

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International economics

Inward-oriented development

Economy; International economics

A strategy of promoting development by encouraging production, as well as research and development, for domestic markets. Seems to be the same as import substitution, although proponents make a ...

A line along which the cost of something -- usually a combination of two factors of production -- is constant. Since these are usually drawn for given prices, which are therefore constant along the ...

Israel-US Free Trade Area

Economy; International economics

A free trade area between the United States and Israel that was initiated in 1985.

Jobless recovery

Economy; International economics

After a recession, an expansion of real GDP that is not accompanied by a significant expansion of employment. This is possible, for example, if labour productivity expands.

Jones Act

Economy; International economics

A U. S. Law that prohibits foreign ships from transporting goods or people between one U. S. Location and another. Such a restriction on cabotage is an example of a barrier to trade in a service.

International Financial Reporting Standards

Economy; International economics

A set of accounting standards set by the International Accounting Standards Board and required for use throughout Europe and parts of Asia, Africa and Latin America. Other countries have committed to ...