International economics means


What is International economics


The details about International economics are explained here.

International Economics

International economics is what it covers tend to depend on the views of the person using the definition. Roughly speaking, it covers economic interactions between countries such as international trade.

More precisely, international economics is the field of study that deals with trade between countries.

Topics in the Field of International Economics

The following topics are a sample of those considered in the field of international economics:

  • Exchange rates and flows of money between countries
  • Free trade and trade disputes, such as the softwood lumber dispute
  • Immigration and migration between countries
  • The role regulations and shipping costs play on trade flows
  • How differences in tax regimes influence a company's decisions on which countries to operate in

International Economics - One Perspective

"International economics describes and predicts production, trade, and investment across countries. Wages and income rise and fall with international commerce even in large rich developed economies like the US. In many countries, international economics is a matter of life and death. Economics as a field began in England in the 1700s with a debate over issues of free international commerce, and the debate continues. Domestic industries pay politicians for protection against foreign competition."

The Institute for International Economics examines a number of hot topics in international economics, such as outsourcing, US steel policy, the Chinese exchange rate, and trade and labor standards.

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