International economics

International economics

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

Industry: Economy

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International economics

Technology gap

Economy; International economics

1. A time lag between the appearance of a new technology and its acquisition by a country. 2. The presence in a country of a technology that other countries do not have, so that it can produce and ...

Technology gap model

Economy; International economics

A model of trade that is driven by a technology gap that is of different importance for different industries, so that technologically advanced countries have comparative advantage in sectors where ...

Theoretical proposition

Economy; International economics

A property of an economic model that is derived (deduced) from its assumptions. It usually takes the form of a prediction about something that would be true in the world if the world conformed to the ...

Thirlwall's law

Economy; International economics

1. The empirical regularity observed by Thirlwall (1979) that for many countries the rate of growth of output, ''g Y '', is approximated by the rate of growth of exports, ''g X '', divided by the ...

Tied aid

Economy; International economics

Aid that is given under the condition that part or all of it must be used to purchase goods from the country providing the aid.

Tight money

Economy; International economics

A monetary policy that is contractionary, thus with high interest rates for borrowing. Contrasts with easy money.

Tobin tax

Economy; International economics

A small tax on international currency transactions, proposed by James Tobin in 1978 to discourage destabilising short-term international capital movements. Advocates suggest a tax of 0. 1-0. 25% with ...