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Tiger economy |
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Tiger 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.Similar MatchesBlack economyBlack economyThe Chancellor of the Exchequer's least favourite part of the economy - also known as the cash economy. Small open economySmall open economyAn economy that is small enough compared to the world markets in which it participates that (as a good approximation) its policies do not alter world prices or incomes. The country is thus a price taker in world markets. The term is normally applied to a country as a whole, although it is sometimes used in the context of only a single product. Goldilocks economyGoldilocks economyAn economy whose growth is believed to be neither too 'hot' (i.e. too fast) or too 'cold' (too slow) - an ideal state as it means the government does not have to use fiscal or monetary devices to artificially stimulate or retard economic activity. 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. Radical political economyRadical political economySee political economy. Further SuggestionsBarter economyNewly Industrializing Economy Ministry of Economy, Trade and Industry Bubble economy Political economy of protection Mature economy Non-market economy Political economy External diseconomy Closed economy Market economy New Economy Command economy Mixed economy External economy Emerging economy Open economy Pure exchange economy old economy stocks Goldilocks economy Integrated World Economy |
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