Economics

Australian economy has been doing consistently well in last few years. Although, global economic crisis has affected it to a certain extent, Australia is still one of world's countries with economic stability. Australian government reforms introduced at various points in...

UK, one of Europe’s largest economies, has been affected by global economic crisis. Gross domestic product growth predictions for United Kingdom, made by famous organizations such as International Monetary Fund and Bank of England, indicate that UK has been feeling...

Canada has one of the most resilient economies amongst the developed nations. This stems both from a better regulated and less leveraged financial market, which did not allow debt levels to get out of hand, and from the depth of...

 Most economic indicators suggest that the word ‘recession’ no longer applies to the state of the UK economy, there is growth in the economy, albeit limited, and whilst the financial markets have been volatile in recent weeks, talk of a...

Every country has some type of monetary policy and while the concept is the same, the components of the policy vary.  The India Monetary Policy was actually developed during the 1990s as a means of lowering the annual inflation rate,...

The World Trade Organization (WTO) was founded in 1995 by the members of the General Agreement on Tariffs and Trade (GATT). The WTO is the world’s only international organization that supervises 95% of the world’s global trade. It assists trade...

The trade industry encompasses the exchange of goods and services across national borders. The history of foreign trade dates back more than 5,000 years. By the 1st century BC, the silk route had been established. This was an extensive network...

Free trade has existed from the time man learned to barter, much before the concept of actual money and currency materialized. Now, it refers to the movement of goods and services within and outside a country without government regulations. Free...

A Trade Deficit occurs when the value of a country’s imports exceed its exports for a specific period of time, usually a year. The relationship between imports and exports are called the trade balance. When exports exceed imports it is...

Trade barriers refer to government-imposed policies to restrict international trade. Most commonly, a country’s government employs tariffs, duties, embargoes and subsidies as trade barriers. However, imposing trade barriers are against the concept of free trade, popularized by developed nations.  ...

Free trade and a trillion dollar economy sums up Mexico trade and economic performance. The country has opened its doors to international competition and pushes ahead for improved trade relations with the US, Asia and western Europe. Mexico Trade: Economic...

India and China the two emerging economies have increased their respective share in the world trade. After 1980s the economic performance in both the nations are experiencing a better trend. The percentage share of both the nations in the world...

    The issues of international trade and economic growth have gained substantial importance with the introduction of trade liberalization policies in the developing nations across the world. International trade and its impact on economic growth crucially depend on globalization....

    The history of international trade is a long and chequered one. The term has different connotations across history. For example in the era when the nation states were not there the term international trade meant trade over long...

The Gravity Model of Trade is an important model in the arena of international economics. It is like the other gravity models that are present in the domain of social sciences. It makes predictions on the bilateral trade flows and...