International economics

International economics

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

Industry: Economy

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International economics

Millennium Development Goals

Economy; International economics

A set of objectives for economic development agreed upon at a September 2000 meeting of world leaders at the United Nations, and intended to be achieved by the year 2015.

Median

Economy; International economics

1. In a sample of data, a value above which half the values lie and below which half the values lie. 2. In a probability distribution, a value above which there is 50% probability and below which ...

Melitz model

Economy; International economics

A heterogeneous firm model in which firms employ labour as their only input, firm productivity is chosen randomly, and firms die with some constant probability. With trade, only firms with ...

Mercado Común del Sur (MERCOSUR)

Economy; International economics

A common market among Argentina, Brazil, Paraguay and Uruguay, known as the "Common Market of the South" ("Mercado Común del Sur"). It was created by the Treaty of Asunción on March 26, 1991, and ...

Natural trading partner

Economy; International economics

A country with whom another country's trade is likely to be large, because of low transport or other trade costs between them. Term introduced by Wonnacott and Lutz (1989) and used extensively by ...

Near money

Economy; International economics

A financial asset with many of the properties of money, but not all. Savings deposits and foreign currency deposits, for example, are very liquid but cannot be used directly for transactions.