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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 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). Non-market economyNon-market economyA country in which most major economic decisions are imposed by government and by central planning rather than by free use of markets. Contrasts with a market economy. Ministry of Economy, Trade and IndustryMinistry of Economy, Trade and IndustryThe Japanese government ministry that deals with economic issues, including the vitality of the private sector, external economic relations, energy policy, and industrial development. 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. Bubble economyBubble economyTerm for an economy in which the presence of one or more bubbles in its asset markets is a dominant feature of its performance. Japan was said to be a bubble economy in the late 1980s. Further SuggestionsMarket economyBarter economy Emerging economy Command economy Political economy Open economy Goldilocks economy Closed economy Mature economy Pure exchange economy Political economy of protection old economy stocks External diseconomy Small open economy Open-economy multiplier Mixed economy Radical political economy black economy Goldilocks economy Newly Industrializing Economy External economy |
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