International economics

International economics

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

Industry: Economy

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International economics

Import deposit

Economy; International economics

A requirement that importers put some amount of money in an account for some period of time. The purpose may be to assure that import duties will be paid, if they apply (as in the case of a tourist ...

Human capital

Economy; International economics

1. The stock of knowledge and skill, embodied in an individual as a result of education, training, and experience, that makes him or her more productive. 2. The stock of knowledge and skill embodied ...

Hysteresis

Economy; International economics

1. The failure of an economic variable to return to its initial equilibrium after a temporary shock. For example, an industry or trade flow might disappear due to an exchange rate change, then not ...

Iceberg transport cost

Economy; International economics

A cost of transporting a good that uses up only some fraction of the good itself, rather than using any other resources. Based on the idea of floating an iceberg, which is costless except for the ...

Imbalance

Economy; International economics

1. Any departure from equality. 2. In the balance of payments, any surplus or deficit.

Immiserizing transfer

Economy; International economics

A transfer that makes the receiving country worse off.

Industry

Economy; International economics

1. The portion of an economy that produces a particular related group of products; e.g., the motor vehicle industry, the tourism industry, the mining industry. A list of industries might well include ...