Global Economy

Advanced Economies: Overview and Significance
An in-depth exploration of advanced economies, characterized by high per capita income, diversified exports, and deep integration into the global financial system.
Balance of Payments (BoP): Comprehensive Economic Transactions Record
A detailed financial statement summarizing a country's transactions with the rest of the world, covering all economic transactions between residents of a country and global entities.
Bank for International Settlements: Coordinating International Financial Stability
An international bank based in Basel, the Bank for International Settlements was founded in 1930 to manage post-World War I reparations. Its evolving role now includes setting capital adequacy ratios and serving as a forum for central banks.
BRIC: Emerging Economies of Brazil, Russia, India, and China
BRIC refers to the economies of Brazil, Russia, India, and China, which experienced rapid growth in the 2000s and are predicted to overtake many Western economies by 2050. Variations of this concept include BRICET and BRIMC.
BRICS: Emerging Economic Powerhouses
An in-depth exploration of the BRICS nations—Brazil, Russia, India, China, and South Africa—and their significance in global affairs.
Capital Outflow: Movement of Financial Resources
A detailed exploration of capital outflow, its historical context, types, causes, effects, and significance in the global economy.
Emerging Markets: Economies Progressing Towards Advanced Development
Emerging markets refer to economies progressing towards the advanced stage of economic development. These markets include newly industrialized countries and recently liberalized economies that exhibit a higher degree of economic, financial, or political uncertainty compared to developed countries.
Eurodollars: An Essential Element of the Global Financial System
A comprehensive exploration of Eurodollars, their historical context, importance in global finance, key events, related terms, and practical examples.
Export Subsidy: An Insight into Export Incentives
Comprehensive analysis of Export Subsidy, covering historical context, types, key events, and implications for the global trade ecosystem.
Foreign Exchange: The Dynamic Global Market
An in-depth look at foreign exchange (FOREX), its history, types, key events, and importance in the global economy.
Foreign Trade: Trade Across National Borders
An in-depth exploration of foreign trade, encompassing historical context, key events, trade theories, models, importance, and practical examples.
Forex (Foreign Exchange) Market: A Decentralized Market for Trading Currencies
Delve into the world of Forex, the global marketplace for trading currencies, and understand its mechanics, history, and significance in global finance.
Free-Trade Area: Promoting Economic Integration through Free Trade
A comprehensive overview of Free-Trade Areas, covering historical context, types, key events, economic models, importance, applicability, examples, related terms, comparisons, and more.
G7: Group of Seven
The G7, or Group of Seven, is a coalition of seven industrialized nations known for their significant influence on global economic and political issues.
Group of Seven (G7): Leading Industrial Nations' Economic Forum
An in-depth exploration of the Group of Seven (G7), an informal group of leading industrial countries that meet periodically to discuss global economic policies and challenges.
IMF: International Monetary Fund
A comprehensive overview of the International Monetary Fund, its history, functions, and impact on the global economy.
International Monetary Fund: Promoting Global Monetary Cooperation
The International Monetary Fund (IMF) is an international organization established in 1947 to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
International Reserves: Key Economic Indicators
Detailed exploration of International Reserves, including historical context, types, key events, importance, applicability, and related concepts.
Least Developed Countries: Definition and Key Insights
An in-depth exploration of the Least Developed Countries (LDCs), their characteristics, historical context, key events, and importance in the global economy.
Millennium Round: A New Era in Global Trade Negotiations
An in-depth analysis of the Millennium Round, the latest series of trade negotiations under the World Trade Organization, initiated in 1999 in Seattle and continued in 2001 in Doha.
Multilateral Trade: A Framework for Global Commerce
An in-depth exploration of multilateral trade, including its historical context, types, key events, detailed explanations, mathematical models, charts, importance, applicability, examples, considerations, related terms, comparisons, interesting facts, inspirational stories, famous quotes, proverbs, jargon, FAQs, references, and a final summary.
N-11: Next Eleven Emerging Economies
An in-depth look at the Next Eleven (N-11) emerging economies identified by Goldman Sachs as high-potential markets for growth.
Next Eleven (N-11): Emerging Economic Powers
The Next Eleven (N-11) refers to countries identified by Goldman Sachs that have the potential to become some of the world’s largest economies in the 21st century.
Perfect Capital Mobility: An In-depth Exploration
The concept of perfect capital mobility refers to the ability of capital to move without cost or restriction between countries, resulting in equalized risk-adjusted returns to capital across nations. This article delves into the historical context, types, key events, importance, and more.
Petrodollar: A Comprehensive Guide
An in-depth exploration of what a petrodollar is, its history, impact on global economics, and its role in international trade.
Reserve Currency: Global Significance in Foreign Exchange
A comprehensive guide to understanding reserve currencies, including historical context, key events, economic implications, and examples.
Soft Currency: Understanding the Unstable Currency
A detailed exploration of soft currency, its characteristics, significance in the global economy, and the contrasts with hard currency.
Special Drawing Rights (SDR): International Reserve Asset
An in-depth exploration of Special Drawing Rights (SDR), their historical context, types, key events, importance, and applicability in the global financial system.
Stock Exchange: A Gateway to Financial Markets
An in-depth exploration of stock exchanges, where company shares and government stocks are traded. Covering their historical development, functioning, importance, and impact on the global economy.
SWF: Sovereign Wealth Fund
A comprehensive overview of Sovereign Wealth Funds (SWFs), their historical context, types, key events, and importance in global finance.
Tax Competition: An In-Depth Analysis
A comprehensive overview of tax competition, its historical context, key events, significance, and implications.
Territorial Taxation: A System of Taxing Domestic Income
Territorial Taxation refers to a system where a country taxes only the income earned within its borders. This article provides a comprehensive overview, historical context, key events, models, applicability, and related terms.
Tobin Tax: An Excise Duty on Currency Transactions
An in-depth look at the Tobin Tax, an excise duty on cross-border currency transactions proposed by James Tobin, its implications, history, and broader applications in the financial world.
Trans-Pacific Partnership (TPP): An Extensive Trade Liberalization Agreement
An in-depth look at the Trans-Pacific Partnership (TPP), a comprehensive trade agreement among nations from both sides of the Pacific Ocean, aiming to promote trade liberalization across various sectors.
Unitary Taxation: A Comprehensive Overview
An in-depth examination of unitary taxation, its historical context, types, key events, mathematical models, importance, and applicability in modern economics.
Visible Trade: A Comprehensive Overview
Visible Trade encompasses the buying and selling of physical goods between countries and is a crucial part of international economics.
World Trade Organization: Facilitating Global Trade
The World Trade Organization (WTO) is an international organization established to oversee and regulate international trade. Founded in 1995, it succeeds the General Agreement on Tariffs and Trade (GATT) and seeks to ensure smooth, predictable, and free trade across the globe.
Yen: The Japanese Currency Unit
Explore the history, significance, and various aspects of the Japanese currency unit, Yen (¥), and its impact on global finance and economy.
Great Depression: Economic Downturn in the 1930s
The Great Depression was a severe global economic downturn that began in 1929 and lasted until World War II. Characterized by a massive decline in economic activity and high unemployment rates, it had profound social and political impacts worldwide.
Group of 20 (G-20): Global Economic Forum
The Group of 20, also known as the G-20, is a forum of finance ministers and central bank governors from 19 countries and the European Union. Established in 1999, it aims to address global economic issues, promote stability, and include emerging markets in the dialogue.
London Interbank Offered Rate (LIBOR): Key Financial Benchmark
An in-depth overview of the London Interbank Offered Rate (LIBOR), a crucial financial benchmark that influences global economics, particularly in the Eurodollar market.
Petrodollars: The Engine of Global Oil Economics
An in-depth exploration of petrodollars, the dollars paid to oil-producing countries and deposited in Western banks, and their significant impact on the global economy.
World Trade Organization (WTO): Global Trade Facilitator
The World Trade Organization (WTO) is a global international organization headquartered in Geneva, Switzerland, aimed at facilitating and expediting trade between nations by establishing rules, resolving disputes, and negotiating trade agreements.
Financial Crisis: Definition, Causes, Examples, and Impact
A comprehensive look at financial crises, their causes, historical examples, and economic impacts. Learn how financial crises unfold and their broader implications on global economies.
Free Trade Agreement (FTA): Definition, Mechanisms, and Real-World Examples
An exploration of Free Trade Agreements, explaining their mechanisms, significance, historical context, and real-world examples, along with their implications on global trade.
Group of Seven (G7): Member Nations, Roles, and Functionality
An in-depth overview of the Group of Seven (G7), including its member countries, organizational structure, and the pivotal role it plays in global economic governance.
Imports: Definition, Examples, Advantages, and Disadvantages
An in-depth exploration of imports, including definitions, examples, advantages, and disadvantages. Understand the complexities and economic implications of imported goods and services.
International Chamber of Commerce (ICC): Definition, Role, and Key Activities
The International Chamber of Commerce (ICC) is the largest global business organization, representing businesses from over 130 countries. This entry explores the ICC's definition, role in international trade, key activities, historical context, and impact.
International Monetary Fund (IMF): Global Financial Stability and Economic Support
The International Monetary Fund (IMF) is an international organization dedicated to promoting global financial stability, encouraging international trade, and reducing poverty worldwide.
Multilateral Development Bank (MDB): Types, Functions, and Examples
A comprehensive overview of Multilateral Development Banks (MDBs), their types, key functions, historical context, notable examples, and their impactful role in global economic development.
Net Importer: Definition, Examples, Advantages, and Disadvantages
A comprehensive guide to understanding what a net importer is, including examples, advantages, and disadvantages of being a net importer in the global economy.
Nixon Shock: Definition, Events, and Impact on the Global Economy
An in-depth exploration of the Nixon Shock, detailing the economic actions taken by President Richard Nixon in 1971, the subsequent collapse of the Bretton Woods system, and its far-reaching consequences on the global economy.
Organization of the Petroleum Exporting Countries (OPEC): Influencing Global Oil Supply and Prices
An in-depth examination of the Organization of the Petroleum Exporting Countries (OPEC), its role in global oil markets, its influence on oil supply and prices, and its historical and current economic impact.
Petrodollars: Definition, Historical Context, and Economic Impact
Comprehensive analysis of Petrodollars, from their definition and historical roots to their modern economic significance and role in global financial systems.
Stock Market: Comprehensive Guide to How It Works and Its Importance
Explore the fundamentals of the stock market, how it operates, and its significance in the global economy. Understand key concepts, trading mechanisms, and the role it plays in financial markets.
The Group of 20 (G-20): Membership, Influence, and Strategic Agenda
An in-depth guide to the Group of 20 (G-20), including its member countries, global influence, and strategic agenda. Learn about the G-20's role in international economics, its history, key initiatives, and contribution to global governance.
The World Bank Group: World's Leading Development Bank
An in-depth examination of The World Bank Group, the world's most prominent development bank, focusing on its history, structure, functions, impact, and future challenges.
World Economic Outlook: Comprehensive Overview and Key Insights
An in-depth exploration of the World Economic Outlook (WEO) by the International Monetary Fund, including its purpose, examples, and implications for global economies.

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