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International Economics
Global Value Chains
Global value chains (GVCs) are a fundamental component of the contemporary global economy. They encompass the entire spectrum of activities necessary to bring a...
Balance of Payments and Exchange Rate Regimes
The balance of payments is a comprehensive record of all economic transactions between a country and the rest of the world. It consists of...
International Monetary System
The international monetary system is a framework that governs global financial transactions and exchange rates. It comprises rules, policies, and institutions that facilitate international...
Trade and Development
Trade plays a crucial role in global economic development. It enables countries to specialize in producing goods and services where they have a comparative...
Global Financial Crises (2008 Financial Crisis, Asian Financial Crisis)
The 2008 financial crisis, also known as the global financial crisis, was a severe worldwide economic downturn triggered by the collapse of the United...
Economics of the European Union (Monetary Union, Common Market)
The European Union (EU) is a political and economic alliance comprising 27 member states, primarily located in Europe. Established in the aftermath of World...
Exchange Rate Determination (PPP, Interest Rate Parity)
Exchange rate determination is the process of establishing the relative value of one currency against another in the global financial markets. This process is...
International Finance (Exchange Rates, Capital Flows)
Exchange rates represent the relative value of one currency compared to another and are fundamental to the global economy. These rates are determined in...
Trade Policy and Globalization (Tariffs, Trade Agreements)
Trade policy encompasses the rules and agreements governing international exchange of goods and services. It plays a crucial role in globalization, which has increased...
International Trade Theory (Comparative Advantage, Heckscher-Ohlin Model)
International trade theory is a branch of economics that examines the patterns, benefits, and consequences of trade between nations. This field of study has...