Developed countries, also known as advanced economies, are nations that sit at the top of the economic development hierarchy and exhibit high living standards, significant industrialization, and a robust infrastructure.
An emerging market refers to a foreign economy that is developing due to the spread of capitalism and has created its own stock market. These markets are analogous to small growth companies, possessing high potential coupled with high risk.
The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Organization for Economic Cooperation and Development (OECD) to combat money laundering and terrorist financing on a global scale through policy development and surveillance.
Foreign companies are corporations or businesses that are registered, operate, or have authorization to conduct commercial activities in a country other than their country of origin. These entities are important players in the global economy and international trade.
A foreign exchange rate is the price of a nation's currency in units of another currency, indicating how much one currency is worth in terms of another.
The International Monetary Fund (IMF) is an international financial institution that provides monetary cooperation and financial stability to its member countries, aiming to facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Key currencies are the major currencies in the global economy, frequently used in international trade and finance.
A term used to describe countries in a poor and primitive economic condition, characterized by low income, limited industrialization, and often a dependency on agriculture.
An in-depth exploration of official reserves which encompass deposits of gold, currency, and Special Drawing Rights (SDRs) held at the International Monetary Fund (IMF) by member countries.
Petrodollars refer to the U.S. dollars paid to oil-producing countries and subsequently deposited in Western banks. The term gained prominence during the 1970s oil crisis when Middle Eastern oil producers accumulated substantial surpluses. These surplus funds were often lent to oil-importing countries, shaping global economic dynamics.
A tariff war is an international trade conflict where nations impose counterbalancing tariff rates in retaliation to each other's tariff policies, aiming to gain trade advantages but often resulting in adverse economic consequences.
A Trade War is a conflict involving two or more countries aimed at improving their own import/export positions by imposing tariffs or other trade barriers against each other.
A not-for-profit organization that holds an annual meeting of business leaders, politicians, academics, and opinion formers, usually in Davos, Switzerland. The Forum promotes public-private cooperation to address global economic, social, and environmental challenges.
The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade, ensuring that trade flows as smoothly, predictably, and freely as possible.
