International economics

International economics

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

Industry: Economy

Add a new term

Contributors in International economics

Become a Contributors

International economics

Sweatshop

Economy; International economics

A manufacturing workplace that treats its workers inhumanely, paying low wages, imposing harsh and unsafe working conditions, and demanding levels of performance that are harmful to the workers.

Swiss formula

Economy; International economics

A formula devised during the Tokyo Round for reducing tariffs in a manner that would harmonise them. The formula is ''t new ''=(''t old M'')/(''t old +M''), where the ''t'''s are the new and old ...

Target

Economy; International economics

1. Any objective of economic policy. 2. The value of an economic variable that policy makers regard as ideal and use as the basis for setting policy. Contrasts with instrument. 3. The level of an ...

Technological change

Economy; International economics

A change in a production function that alters the relationship between inputs and outputs. Normally it is understood to be an improvement in technology, or technological progress, and it is of ...

Technological difference

Economy; International economics

A difference in production functions, usually for the same industry compared between two countries, such that one country has higher output for any given input than the other.

Technological progress

Economy; International economics

A technological change that increases output for any given input.

Technology

Economy; International economics

1. The complete set of knowledge about how to produce in an economy at a point in time, including techniques of production that are available but not economically viable. 2. The set of production ...