International economics

International economics

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

Industry: Economy

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International economics

Term deposit

Economy; International economics

An amount held at a bank or other financial institution subject to a minimum time period, or term, before it can be withdrawn without penalty. Also called a time deposit.

Terms of trade

Economy; International economics

1. Most commonly in economics, the relative price, on world markets, of a country's exports compared to its imports. Also called the net barter terms of trade. See improve the terms of trade. * ...

Thank-you note

Economy; International economics

1. Paul Krugman's suggested policy for responding to a foreign subsidy: send their embassy a thank-you note, on the grounds that one benefits from cheaper imports via the terms of trade. 2. Paul ...

The economist

Economy; International economics

A weekly newsmagazine (which calls itself a newspaper), published in the United Kingdom but distributed worldwide. Since it was established in 1843, it has been a champion of free trade.

A tariff, presumably a high one, perhaps in lots of industries. The term is used to highlight the difficulty foreign sellers have in getting their products past the tariff, often in the context of ...

Tax buoyancy

Economy; International economics

A measure of how rapidly the actual revenue from a tax rises (including that due to any change in the tax law) as the tax base rises. It is defined, like an elasticity, as %''R'' / %''B'' where ...

Tax concession

Economy; International economics

A special provision for a firm not to pay a tax that it would otherwise owe, provided by a local, state, or national government as an inducement to invest. Competition among governments, seeking to ...