- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
An allocation that is better, by some criterion, than all others possible; optimum optimorum.
Industry:Economy
A project based at Purdue University, providing a data base and CGE modeling tools for analysis of global trade.
Industry:Economy
A subscription service that describes itself as "the leading supplier of international merchandise trade data. "
Industry:Economy
1. The increasing world-wide integration of markets for goods, services and capital that began to attract special attention in the late 1990s. 2. Also used to encompass a variety of other changes that were perceived to occur at about the same time, such as an increased role for large corporations (MNCs) in the world economy and increased intervention into domestic policies and affairs by international institutions such as the IMF, WTO, and World Bank. 3. Among countries other than the United States, especially developing countries, the term sometimes refers to the domination of world economic affairs and commerce by the United States.
Industry:Economy
A monetary system that sought to restore features of the Gold Standard in the 1920s and again in the Bretton Woods System, while economizing on gold. Instead of money being backed directly by gold, central banks issued liabilities against foreign currency assets (mostly U. S. Dollars under Bretton Woods) that were in turn backed by gold.
Industry:Economy
A monetary system in which both the value of a unit of the currency and the quantity of it in circulation are specified in terms of gold. If two currencies are both on the gold standard, then the exchange rate between them is approximately determined by their two prices in terms of gold.
Industry:Economy
A product that can be produced, bought, and sold, and that has a physical identity. Sometimes said, inaccurately, to be anything that "can be dropped on your foot" or, also inaccurately, to be "visible. " Contrasts with service. Trade in goods is much easier to measure than trade in services, and thus much more thoroughly documented and analyzed.
Industry:Economy
1. An itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). 2. The net inflow (surplus) or outflow (deficit) of these payments.
Industry:Economy
A provision in an agreement, including the GATT but not the WTO, that allows signatories to keep certain of their previously existing laws that otherwise would violate the agreement.
Industry:Economy
A model of the flows of bilateral trade based on analogy with the law of gravity in physics: ''T<sub>ij</sub>'' = ''AY<sub>i</sub>Y<sub>j </sub>/D<sub>ij</sub>'' , where ''T<sub>ij</sub>'' is exports from country ''i'' to country ''j'', ''Y<sub>i</sub>'',''Y<sub>j</sub>'' are their national incomes, ''D<sub>ij</sub>'' is the distance between them, and ''A'' is a constant. Other constants as exponents and other variables are often included. Due independently to Tinbergen (1962) and Pöyhönen (1963).
Industry:Economy
