In international economics, the capability of one producer to produce a given good using fewer resources than any other producer.
The G-10, or Group of Ten, is an advisory forum for the International Monetary Fund (IMF), established in 1962. It consists of finance ministers and central bank governors from 11 key economies, including Canada, France, Germany, Belgium, Italy, Japan, the Netherlands, Sweden, Switzerland, the United Kingdom, and the United States.
An economic equilibrium that exhibits an equality of expected real interest rates among countries when there are no restrictions on international trade, credit, and currency exchanges.
A Multinational Enterprise (MNE) is a company that has facilities and other assets in at least one country other than its home country. This typically includes offices or factories, as well as a centralized head office where they coordinate global management.
Terms of Trade (TOT) is the economic concept that reflects the ratio between the prices at which a country sells its exports and the prices it pays for its imports. It indicates the relative efficiency of trade for a nation and can significantly impact its economic well-being.
