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Dominick Salvatore (born 1940) is an American economist, currently Distinguished Professor at Fordham University, an Honorary Professor at Shanghai Finance University, Hunan University, and University of Pretoria, Director of the Global Economic Policy Center and a Fellow of the American Association for the Advancement of Science and New York Academy of Sciences.
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries ...
He is known in academia for his work on international economics (including trade theory and international finance), [13] [14] economic geography, liquidity traps, and currency crises. Krugman is the author or editor of 27 books, including scholarly works, textbooks, and books for a more general audience, and has published over 200 scholarly ...
The impossible trinity (also known as the impossible trilemma, the monetary trilemma or the Unholy Trinity) is a concept in international economics and international political economy which states that it is impossible to have all three of the following at the same time: a fixed foreign exchange rate; free capital movement (absence of capital ...
In the very short run the money supply is normally predetermined by the past history of international payments flows. If the central bank is maintaining an exchange rate that is consistent with a balance of payments surplus, over time money will flow into the country and the money supply will rise (and vice versa for a payments deficit).
Significant debates exist regarding the empirical validity of the "middle-income trap." [14]Other economists either find that there is no middle income trap [15] or claim that debates about a "middle-income trap" appear anachronistic: middle-income countries have exhibited higher growth rates than all others since the mid-1980s.
Steve H. Hanke (/ ˈ h æ ŋ k i /; born December 29, 1942) is an American economist and professor of applied economics at the Johns Hopkins University in Baltimore, Maryland. [a] He is also a senior fellow at the Independent Institute in Oakland, California, [3] and co-director of the Johns Hopkins University's Institute for Applied Economics, Global Health, and the Study of Business ...
Shift of the world's economic center of gravity since 1980 and projected until 2050 [1]. The gravity model of international trade in international economics is a model that, in its traditional form, predicts bilateral trade flows based on the economic sizes and distance between two units. [2]