International economics

International economics

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

Industry: Economy

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International economics

Seasonal tariff

Economy; International economics

A tariff that is levied at different rates at different times of the year, usually on agricultural products, being highest at the time of the domestic harvest.

Second-best argument for protection

Economy; International economics

1. Any argument for protection that can be countered by pointing to a different and less distortionary policy that would achieve the same desired result at lower economic cost. 2. An argument for ...

Sector

Economy; International economics

A portion of the economy producing a particular category of goods or services, as the agricultural sector, the banking sector, etc.

A problem that cures itself if allowed to do so. Thus, for example, a payments imbalance can cause its own elimination through the specie flow mechanism. Likewise, a recession will, eventually, be ...

Self fulfilling prophecy

Economy; International economics

A prediction that comes true entirely because people believe it and act on that basis. Thus for example, a prediction that a pegged exchange rate will devalue can cause that to happen, if enough ...

Short

Economy; International economics

1. Used with "sell" or "sale," this means that the seller does not currently have the thing being sold, but intends to acquire it on the market prior to making delivery. 2. Used by itself as a verb, ...

Short term interest rate

Economy; International economics

1. The interest rate on any financial instrument of short maturity. 2. Denoted STIR, a particular financial instrument that is a futures contract on a short term interest rate, often a 3-month ...