|
|
Barter economy |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
Barter economyAn economic model of international trade in which goods are exchanged for goods without the existence of money. Most theoretical trade models take this form in order to abstract from macroeconomic and monetary considerations.Similar MatchesEmerging economyEmerging economy1. Originally this term was applied to countries that had recently ceased to be part of the Soviet Union and its satellites, and thus emerging from centrally planned communist economies. The term drew attention to their transition to becoming market economies. 2. Rather quickly, perhaps acknowledging the importance of central planning and the failure of markets in many other countries, the term has expanded to encompass also developing countries, not necessarily ever communist, as they expanded the role of markets. Old economy stocksOld economy stocksStocks in sectors unrelated to telecommunications, the internet, software or any other technology-driven industry. 'New economy' stocks are seen as offering the most potential for capital growth. Open-economy multiplierOpen-economy multiplierThe simple Keynesian multiplier for a small open economy. Equals 1/(s+m), where s is the marginal propensity to save and m is the marginal propensity to import. Political economy of protectionPolitical economy of protectionThe study of reasons, especially political ones, that countries choose to use protection. Includes models of voting, lobbying, and campaign contributions as these lead policy makers to erect tariffs. Tiger economyTiger economyA term originally used to describe rapidly-growing economies in the Far East. Now used to describe any relatively undeveloped country where growth prospects are thought to be high. Further SuggestionsMature economyblack economy Market economy Ministry of Economy, Trade and Industry New Economy Integrated World Economy Pure exchange economy Political economy Bubble economy Newly Industrializing Economy Goldilocks economy Goldilocks economy External diseconomy External economy Command economy Non-market economy Small open economy Radical political economy Open economy Closed economy Mixed economy |
|
|
|