International economics

International economics

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

Industry: Economy

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International economics

Restrictive business practise

Economy; International economics

Action by a firm or group of firms to restrict entry by other firms, that is, to prevent other firms from selling their product or in their market. This is a restraint of competition and would ...

1. The use of an increased trade barrier in response to another country increasing its trade barrier, either as a way of undoing the adverse effects of the latter's action or of punishing it. 2. The ...

Revaluation

Economy; International economics

1. A reassessment of what something is worth, especially an upward reassessment. 2. Of an exchange rate, opposite of a devaluation. Thus, and appreciation.

Reallocation

Economy; International economics

A change in allocation, as of factors of production across industries: e.g., a rise in the relative price of the capital-intensive good causes reallocation of factors into the capital-intensive ...

Recession

Economy; International economics

A significant decline in economic activity. In the U. S. , recession is approximately defined as two successive quarters of falling GDP, as judged by NBER. A recession in one country may be caused ...

Reciprocal trade agreement

Economy; International economics

Agreement between two countries to open their markets to each other's exports, usually by each reducing tariffs. Early trade rounds under the GATT consisted mostly of reciprocal trade agreements, ...