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Harry Gordon Johnson, OC (26 May 1923 – 9 May 1977) was a Canadian economist who studied topics such as international trade and international finance.. Nobel laureate James Tobin said about him: "For the economics profession throughout the world, the third quarter of this century was an Age of Johnson. ...
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 ...
International relations scholars are divided as to whether economic interdependence contributes to peace or conflict. Statistical analyses indicate that economic interdependence can lead both to war and peace, with various factors that condition the effect of interdependence. [ 16 ]
T. The Age of Debt Bubbles; The Corruption of Economics; The Gold Standard and the Logic of Naturalism; The World in the Model: How Economists Work and Think
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]
International Development: Focuses on legal aspects of international aid, poverty reduction, and sustainable development. Labor and Services Law: Addresses the legal dimensions of international labor standards and service trade. Investment Law and Arbitration: Deals with the legal framework for international investments and dispute resolution.
Factor price equalization is an economic theory, by Paul A. Samuelson (1948), which states that the prices of identical factors of production, such as the wage rate or the rent of capital, will be equalized across countries as a result of international trade in commodities. The theorem assumes that there are two goods and two factors of ...
The fair trade movement has reached 1.6 billion US dollars in annual sales. [10] The movement works to raise consumer awareness of exploitation of developing countries. Fair trade works under the motto of "trade, not aid", to improve the quality of life for farmers and merchants by participating in direct sales, providing better prices and ...