International economics

International economics

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

Industry: Economy

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International economics

new good

Economy; International economics

A good that has been newly invented. Plays a special role in the theory of the product cycle.

New International Economic Order

Economy; International economics

A set of proposals put forward during the 1970s by developing countries through UNCTAD to promote their interests by improving their terms of trade, increasing development assistance, ...

nominal

Economy; International economics

1. In the form most directly observed or named, in contrast to a form that has been adjusted or modified in some fashion. 2. As measured in terms of money, usually in contrast to real.

nomogeneous of degree ''N''

Economy; International economics

A homogeneous function where the monotonic function is the constant raised to the exponent ''N'': ''F''(''V'')='' N F''(''V''). For ''N''>1, see increasing returns to scale; for ''N''<1, see ...

internal rate of return

Economy; International economics

A way of quantifying the stream over time of returns on an investment relative to its cost. Defined as the interest rate at which the present value of the returns equals the cost.

international adjustment process

Economy; International economics

1. Any mechanism for change in international markets. 2. The mechanism by which payments imbalances diminish under pegged exchange rates and nonsterilization. Similar to the specie flow mechanism, ...

international commodity agreement

Economy; International economics

An agreement among producing and consuming countries to improve the functioning of the global market for a commodity. May be administrative, providing information, or economic, influencing world ...