|
|
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 MatchesIntegrated World EconomyIntegrated World EconomyA hypothetical, theoretical benchmark in which both goods and factors move costlessly between countries. The IWE is associated with a retangular diagram depicting allocation of factors to countries, showing conditions for FPE. The name was coined by Dixit and Norman (1980), but the concept and technique was introduced by Travis (1964). New EconomyNew EconomyThis term was used in the late 1990's to suggest that globalization and/or innovations in information technology had changed the way that the world economy works. Conjectures included changes in productivity, the inflation-unemployment tradeoff, the business cycle, and the valuation of enterprises. 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. Emerging 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. Mature economyMature economyThe economy of a nation with a stable population and slowing economic growth. Further SuggestionsSmall open economyGoldilocks economy Market economy Goldilocks economy Political economy of protection Bubble economy Closed economy Political economy black economy Open-economy multiplier Ministry of Economy, Trade and Industry Pure exchange economy External economy Non-market economy Mixed economy Open economy Radical political economy Command economy Newly Industrializing Economy Tiger economy External diseconomy |
|
|
|