17 Terms
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International economics
International trade theories, policies, finances and their effects on economic activities.
Industry: Economy
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International economics
Positive externality
Economy; International economics
A beneficial externality; that is, a beneficial effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to act. Examples are the ...
Positive sum game
Economy; International economics
A game in which the payoffs to the players may add up to more than zero, so that it may be possible for all players to gain. Contrasts with zero sum game. Due to the gains from trade, trade and trade ...
Performance requirement
Economy; International economics
A requirement that an importer or exporter achieve some level of performance, in terms of exporting, domestic content, etc. , in order to obtain an import or export license.
Permit
Economy; International economics
A licence issued by government granting permission to engage in some activity, such as to export, import, or invest.
Phare Programme
Economy; International economics
A programme of the European Union providing financial assistance to countries of Central and Eastern Europe prior to their accession to the EU.
Plaza Accord
Economy; International economics
An agreement reached in 1985 among the central banks of France, Germany, Japan, US, and UK to bring down the value of the U. S. Dollar, which had appreciated substantially since 1980. By the time of ...
Plurilateral
Economy; International economics
Among several countries -- more than two, which would be bilateral, but not a great many or all, which would be multilateral.
