Search results for keyword: economists
intra-industry trade theory
The Theory of Intra-Industry Trade The Theory of Intra-Industry Trade (IIT), developed by the Nobel Prize-winning economist and game theorist, Dr. Paul Krugman, attempts to explain the extent of intra-industry trade. Through this theory, Dr. Krugman was able to enhance the understanding of internat......
1030 
Rachel
The Structural Analysis Method of Balance of Payment Adjustment
Structural analysis of international income adjustment
In economics, international income adjustment is a mechanism used to balance the economic activities between countries. This mechanism is often used when countries with different economic performances want to improve the trade and the excha......
foreign trade coefficient
Foreign Trade Coefficients
The term foreign trade coefficients refer to the various statistical measures of the relative importance of a countrys imports and exports in the overall economy. These measures are based on the sum of the foreign trade balance and external trade flows in a given country......
tariff level
Tariffs: Definition and Level
A tariff, or duty, is a government-imposed fee on imports. Tariffs are typically imposed on specific goods or services entering a given country, and are generally intended to raise money for the government, protect domestic industries and producers from foreign compe......
international supply and demand theory
International Supply and Demand Theory
The international supply and demand theory is an economic theory of economic relations involving the exchange of goods and services between countries. This theory states that the supply of goods and services is determined by the demand for the same goods and......
The theory of imperfect competition in international trade
Introduction
In contemporary economics, there is considerable literature concerning the concept of international trade and its effects on the global economy. Although economists agree that international trade involves two or more countries and typically occurs with nations having different levels......
International Trade Theory
International Trade Theory
International trade is an important factor in the economic growth and development of a nation. It influences the exchange rate and the balance of payments, as well as the employment rate, wages and the volume of output in an economy. Generally, international trade incre......
Export Purchasing Power Index
Export Purchasing Power Index
When evaluating the state of the economy and well-being of its citizens, the export purchasing power index (EPPI) is an important metric for measuring a countrys ability to import and export goods. The EPPI more accurately represents a nation’s purchasing power than......
principle of mutual need
The role of interdependent demand principles in the modern economy
The global economy today is a complex, interconnected network of entities. The impact of this interconnectedness is evidenced by a myriad of interdependent demand principles that make up the components of the modern economic syste......
New International Trade Theory
Introduction
International trade theory is a subject that has been studied for centuries to explain the difference in production and distribution of goods and services between countries. In the past, classical and neoclassical theories of international trade have been the dominant theories. In rec......
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