Category
page 1International trade theory
balance of trade
difference between the monetary value of exports and imports
comparative advantage
in economics, the advantage one has over others in producing a particular good due to a lower relative marginal cost prior to trade
Gresham's law
monetary principle on circulating currency; "bad money drives out good"
absolute advantage
economic concept
terms of trade
amount of import goods an economy can purchase per unit of export goods
Heckscher–Ohlin model
general equilibrium model of international trade by E. Heckscher and B. Ohlin, based on Ricardo's theory of comparative advantage
Leontief paradox
econometric finding
Rybczynski theorem
theorem
internationalization
Internationalization or Internationalisation is the process of increasing involvement of enterprises in international markets, although there is no agreed definition of internationalization. Internationalization is a crucial strategy not only for companies that seek horizontal integration globally but also for countries that addresses the sustainability of its development in different manufacturing as well as service sectors especially in higher education which is a very important context that needs internationalization to bridge the gap between different cultures and countries. There are seve
Heckscher–Ohlin theorem
theorem
development theory
theories about how desirable change in society is best achieved
neomercantilism
Neomercantilism (also spelled neo-mercantilism) is a policy regime that encourages exports, discourages imports, controls capital movement, and centralizes currency decisions in the hands of a central government. The objective of neomercantilist policies is to increase the level of foreign reserves held by the government, allowing more effective monetary policy and fiscal policy.
bullionism
Bullionism is an economic theory that defines wealth by the amount of precious metals owned. Bullionism is an early and perhaps more primitive form of mercantilism. It was derived, during the 16th century, from the observation that the Kingdom of England, because of its large trade surplus, possessed large amounts of gold and silver—bullion—despite the fact that there was not any mining of precious metals in England.
flying geese paradigm
a view upon the technological development in Southeast Asia viewing Japan as a leading power
gravity model of trade
bilateral trade flow model
Ricardian economics
economic theories of David Ricardo
international economic law
field of international law that involves the regulation and conduct of states, international organizations, and private firms operating in the international economic arena
Marshall–Lerner condition
Economic concept
factor price equalization
economic theory by P. A. Samuelson, which states that the prices of identical factors of production will be equalized across countries due to international trade in commodities
Singer–Prebisch thesis
Economic conjecture
capitalist peace
phenomenon of decreasing war in market economies
Uppsala model
theory of internationalization of enterprises
Wandel durch Handel
German political and economic term
international trade theory
subfield of economics focusing on trade between nations
New trade theory
economic models in international trade focusing on increasing returns to scale and network effects, developed in the late 1970s/early 1980s
Revealed comparative advantage
International Economics Index
technology gap
International trade theory, describes an advantage enjoyed by the country that introduces new goods in a market
Grubel–Lloyd index
measures intra-industry trade