|
| |
International economics is the science of modeling commercial exchanges between nations. Economies are increasingly interdependent due to the process of globalization. As such, it is common to model economic measures such as growth at the global level. The following are common examples of topics in international economics.
TradeInternational trade in goods and services.Goods that a nation can produce at a lower opportunity cost than other nations. The idea that all nations benefit from trade by focusing on their unique comparative advantages. For example, if a nation is good at producing coffee but is terrible at producing solar panels, they benefit from exporting coffee and importing solar panels.
International FinanceThe flow of capital over borders. For example, the ability of an investor in the United States to invest in a company in Germany.CurrenciesModeling exchange rates and their impact on things such as inflation, growth and employment.The interest rate and money creation policies of nations and economic unions. For example, a competitive devaluation whereby two nations print money to decrease the price of their currency to make their home industries more competitive abroad.Financial StabilityThe resilience of the global financial system to stresses such as the collapse of a large speculative bubble.International RelationsThe international political economy including trade agreements, economic cooperation and trade wars.Cooperation to preserve common goods for future generations.MigrationThe migration of people including international competition for skilled labor.Barriers to fair competition such as monopolies.Intellectual property rights and international competition to advance in areas such as technology and quality of life.|
Type | | Definition | The science of modeling commercial exchanges between nations. | Related Concepts | |
International Economics
This is the complete list of articles we have written about international economics.
If you enjoyed this page, please consider bookmarking Simplicable.
An overview of comparative advantage with examples and comparisons.
The definition of economic relations with examples.
An overview of globalization.
A list of economic theories that are particularly useful for business.
The tendency for people at high risk to buy insurance.
A list of economic positions or capabilities that allow you to outperform in a particular industry.
A definition of knowledge work with examples.
A definition of production with examples.
An overview of post-scarcity.
The common types of economic infrastructure.
The common types of business competition.
The common types of inefficiency.
An overview of supply with common examples.
An overview of business culture with examples.
An overview of cosmopolitanism.
An overview of saving face.
A definition and overview of the term ethical climate.
A definition of genchi genbutsu with examples.
An overview of global culture with examples.
The definition of decorum with examples.
A vocabulary for describing work culture.
A useful list of business values.
The definition of expert culture with examples.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
