- Industry: Education
- Number of terms: 31274
- Number of blossaries: 0
- Company Profile:
A set of connections among a multiplicity of separate entities sharing a common characteristic. Networks of firms or individuals in different countries are thought to facilitate trade.
Industry:Economy
1. Said of a technological change or technological difference if it is not biased in favor of using more or less of one factor than another. This can be defined in several different ways that are not normally equivalent: Hicks-neutral, Harrod-neutral, and Solow-neutral. 2. Said of economic growth if it expands actual or potential output of all goods at the same rate, not being biased in favor of one over another. In the Heckscher-Ohlin Model neutral growth will occur if all factor endowments grow at the same rate or if there is Hicks Neutral technological progress at the same rate in all industries. 3. Said of a trade regime if the structure of protection favors neither exportables nor importables. See bias.
Industry:Economy
A proposed non-national world currency to be used for payment and reserve purposes, to be issued by the IMF and intended to maintain a fixed purchasing power in the dollar and euro countries.
Industry:Economy
A good that has been newly invented. Plays a special role in the theory of the product cycle.
Industry:Economy
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, developed-country tariff reductions, and other means.
Industry:Economy
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.
Industry:Economy
A homogeneous function where the monotonic function is the constant raised to the exponent ''N'': ''F''(''V'')=''<sup>N</sup>F''(''V''). For ''N''>1, see increasing returns to scale; for ''N''<1, see decreasing returns to scale.
Industry:Economy
A subsidy that is not subject to countervailing duties under the rules of the WTO. These include non-specific subsidies, subsidies for industrial research, regional aids, and some environmental subsidies.
Industry:Economy
A transfer payment that does not introduce inefficiencies. This means mainly that it does not provide an incentive to change production or consumption choices.
Industry:Economy
A not-for-profit organization that pursues an issue or issues of interest to its members by lobbying, persuasion, and/or direct action. In the arena of international economics, NGOs play an increasing role defending human rights and the environment, and fighting poverty.
Industry:Economy
