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Topic: Terms of trade


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In the News (Wed 11 Nov 09)

  
  Terms of trade - Wikipedia, the free encyclopedia
"Terms of trade" are sometimes used as a proxy for the relative social welfare of a country, but this heuristic is technically questionable and should be used with extreme caution.
An improvement in a nation's terms of trade is good for that country in the sense that it has to pay less for the products it imports, that is, it has to give up less exports for the imports it receives.
Terms of trade should not be used as synonymous with social welfare, or even Pareto economic welfare.
en.wikipedia.org /wiki/Terms_of_trade   (679 words)

  
 Terms of trade: Facts and details from Encyclopedia Topic   (Site not responding. Last check: 2007-09-07)
The terms of trade for the other country must be the reciprocal (50/100 =.5).
The gross barter terms of trade is the ratio (expressed as a percent) of a quantity index of exports to a quantity index of inputs.
Terms of trade should not be used as synonymous with social welfare, EHandler: no quick summary.
www.absoluteastronomy.com /encyclopedia/t/te/terms_of_trade.htm   (1414 words)

  
 [No title]
In trade context, activities supported by the donor community aimed at strengthening the ability of stakeholders in developing countries to develop national trade policy, undertake analysis and identify their interests in international trade negotiations.
Trade in which a country both exports and imports goods that are classified to be in the same industry.
In the trade policy setting refers to the view that a restriction on imports may serve a purpose that goes beyond the restriction of trade itself.
www.worldbank.org /research/trade/glossary.htm   (6744 words)

  
 Terms of trade Info - Encyclopedia WikiWhat.com
Terms of trade in international economics and international trade, is the ratio of the price of an export commodity(s) to the price of an import commodity(s).
In the simplified case of two countries and two commodities, terms of trade is defined as the ratio of the price a country must pay for it’s import commodity to the price it receives for it’s export commodity.
If a country’s terms of trade fall from say 100% to 70% (from 1.0 to.7), it has experienced a 30% deterioation in it’s terms of trade.
wikiwhat.com /encyclopedia/t/te/terms_of_trade.html   (664 words)

  
 Coping with Terms-of-Trade Shocks in Developing Countries - Federal Reserve Bank of New York   (Site not responding. Last check: 2007-09-07)
As expected, the worsening of the terms of trade leads to a substantial depreciation of the domestic currency—7 percent after one year—under a flexible exchange rate but has virtually no effect under a fixed exchange rate (Chart 1, top panel).
Thus, although the initial fall in Argentina's terms of trade was mostly offset in the latter part of the period under study (with a 10.2 percent rise in 2000), it still had a significant impact on growth.
However, for a given movement in the terms of trade, the fall in output should always be larger in a country with a fixed exchange rate regime than in a country with a flexible regime.
www.ny.frb.org /research/current_issues/ci9-11/ci9-11.html   (4223 words)

  
 Finance & Development, June 2000 - The Duration of Terms of Trade Shocks in Sub-Saharan Africa
We find that, on average, the persistence of terms of trade shocks varies widely—for about half the sub-Saharan countries, such shocks are short lived (that is, half of the effect of the initial shock typically dissipates in less than four years) and for one-third of the countries such shocks are long lived (that is, permanent).
We find that the reversion of terms of trade to their mean (as measured by the shock's half-life) typically takes less than four years for 23 of the 42 countries.
Indeed, uncertainty concerning the typical longevity of terms of trade shocks may have contributed to overborrowing during this period, which is at the root of the current debt problems of many African countries.
www.imf.org /external/pubs/ft/fandd/2000/06/cashin.htm   (2401 words)

  
 Dictionary of International Trade Terms
A short term loan or credit extended to a seller (usually the exporter) by the seller's bank once a draft has been accepted by the buyer (generally the importer).
When the term applies to an airplane, it is midway between the nose and the tail.
Same as "about" and "circa"; terms which when used in a letter of credit are construed to allow a difference not to exceed 10% more or 10% less than the monetary amount, or the quantity, or the unit price.
www.itds.treas.gov /glossaryfrm.html   (3941 words)

  
 Tutor2u - Trade - Terms of Trade
The terms of trade measures the rate of exchange of one good or service for another when two countries trade with each other.
For international trade to be mutually beneficial for each country, the terms of trade must lie within the opportunity cost ratios for both country.
A big fall in the terms of trade signifies a reduction in real living standards since imports of goods and services have become relatively more expensive.
www.tutor2u.net /economics/content/topics/trade/terms_of_trade.htm   (523 words)

  
 Tidepool | Fair Terms of Trade
In A Conservation Economy, the terms of trade are mutually beneficial.
The extent and type of trade should be dictated by long-term economic, social, and environmental benefits, rather than short-term necessity.
Trade should enhance the well-being of the bioregion, adding a rich mix of goods and ideas while allowing the bioregion to meet many of its needs locally.
www.tidepool.org /ce/ce.net25.cfm   (450 words)

  
 Determinants of the Terms of Trade
he terms of trade which is ultimately decided upon by the two trading farmers will depend on a variety of different and distinct factors.
In order for any trade to occur, each farmer must desire some of the other commodity and be willing to give up some of his own good in order to obtain it.
If a taxman stands ready to collect a tax based on the amounts traded between the two farmers, this is likely to affect the terms of trade.
internationalecon.com /v1.0/ch30/30c020.html   (919 words)

  
 globalEDGE (TM) | glossary
Trading method in which the buyer pays for the goods before they are sent out, method is used when buyer is of unknown credit worthiness.
The term used to calculate the present value of the stream of level payments for a fixed period.
The Appellate Body is a World Trade Organization (WTO) entity, which was established in 1995 under Article 17 of the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU).
globaledge.msu.edu /ibrd/glossary.asp?Index=a   (1152 words)

  
 April 14, 2004: Saudis Have U.S. Over a Barrel - The Shifting Terms of Trade Between Grain and Oil
The two countries most affected by the dramatically shifting terms of trade between grain and oil are the United States and Saudi Arabia.
The shift in terms of trade between the price of wheat, a surrogate for grain prices, and that of oil, is both dramatic and ongoing.
At anytime during the 23-year span, a bushel of wheat could be traded for a barrel of oil in the world market.
www.earth-policy.org /Updates/Update38.htm   (1432 words)

  
 NeroPortal [Terms of Trade]
"Tradesman" as per these General Terms of Trade is a natural or legal person or a personal company with legal status who buys goods from Nero Inc. in pursuit of its commercial or free-lance activities.
The section titles used in these terms and conditions are purely for convenience and carry with them no legal or contractual effect.
The contracting parties agree, that all legal relations of this contract now and after fulfillment of the contract shall be construed and enforced in accordance with German law, excluding the UN purchase right.
ww2.nero.com /enu/terms_of_trade.html   (2969 words)

  
 eBay - terms trade, Nonfiction Books, Books items on eBay.com   (Site not responding. Last check: 2007-09-07)
TERMS OF THE TRADE, A HANDBOOK FOR THE FOREST PROD.
Terms of The Trade a Handbook for the Forrest Produc...
The rate of exchange and the terms of trade
search-desc.ebay.com /search/search.dll?query=terms+trade&newu=1&krd=1   (312 words)

  
 Terms
The Customer and the guarantors shall be jointly and severally liable under the terms and conditions of this contract.
(i) riot, civil commotion, lock-out, trade or union dispute, labour disturbance, acts of malicious persons, stoppage or restraint of labour from whatever cause.
19.2 The Customer shall not use any trade marks which are the property of the Company or its Suppliers, or any similar words or marks, or any combination of words which includes any of those trade marks or any similar words or marks, except to the extent expressly authorised by the Company in writing.
www.mycroft.co.nz /clients/mycroft.nsf/pages/terms   (2030 words)

  
 GIA - Trading Dictionary of Foreign/International Trade Terms: A
This resource is dedicated to all foreign/international trade terms and acts as a trading dictionary with the definitions for the most common terms used in international trade.
This is an insurance term and the “All Risks” insurance will normally cover against all risks of whatever nature provided that they are risks and not certainties.
An ATA Carnet is issued by an authorized Chamber of Commerce to allow temporary export and subsequent re-import of professional equipment, commercial samples and goods for exhibition or trade fairs without payment of customs duty on deposit of a bond.
www.giagroup.com /terms-of-trade.cfm   (317 words)

  
 Terms of Trade
The highest bid is $28 3/4 but no one is willing to sell at that price; the lowest ask is $29 1/4 but no one is willing to buy at that price.
A Dealer is a Broker who maintains his own position in the securities he trades.
A Market Maker is a Dealer who guarantees that he will always stand ready to buy and sell shares in the stock in which he makes a market.
www.business.uiuc.edu /broker/terms.htm   (1058 words)

  
 Atlantic Plywood
HARDWOOD: General term used to designate lumber or veneer produced from temperate zone deciduous or tropical broad-leaved trees in contrast to softwood, which is produced from trees which are usually needle bearing or coniferous.
The term does not infer hardness in its physical sense.
SOFTWOOD: General term used to describe lumber or veneer produced from needle and/or cone bearing trees.
www.atlanticplywood.com /tech_info_terms.htm   (1026 words)

  
 Terms of Trade
Terms of Trade, Trade Volumes and Trade Values
In Paper 3, an important piece is the relationship between the terms of trade (Price Exports/Price Imports), Export and Import Volumes and Export and Import Values.
You can get estimates of the price elasticity of exports for your country with respect to trading partners and the price elasticity of imports.
instructional1.calstatela.edu /spollar2/Econ561/terms_of_trade.htm   (168 words)

  
 CEPR Discussion Paper Abstracts   (Site not responding. Last check: 2007-09-07)
We introduce trade costs and endogenous varieties in a two-country general-equilibrium model with monopolistic competition, drawing a distinction between productivity gains that enhance manufacturing efficiency, and gains that lower the cost of firms’ entry and product differentiation.
Countries with lower entry and differentiation costs also have higher GDP, but supply a larger array of goods at improved terms of trade.
The sign of the international welfare spillovers depends on terms of trade, but also on consumers’ taste for variety.
www.cepr.org /pubs/new-dps/dplist.asp?dpno=4964   (256 words)

  
 FabFish - TERMS OF TRADE   (Site not responding. Last check: 2007-09-07)
The following is the standard Terms and conditions as stipulated by FABFISH and should be read as an attachment to the application for a Trade Account.
Acceptance of an order is in accordance to the following terms and conditions.
Where specimens / livestock are ordered that are unavailable at the time of packing, FABFISH will replace unavailable specimens with ones of a similar species/nature and cost unless it is indicted on the stock order form, or where a verbal order is placed, that substitutes are not accepted.
www.fabfish.net /terms_of_trade.htm   (808 words)

  
 Search, Dealers, and the Terms of Trade
The extent of intermediation depends on its cost, trade frictions, and the dealers' ability to negociate favorable terms of trade.
Under Nash bargaining, there is a unique equilibrium where dealers buy and hold the low-storage-cost good and, depending on their relative bargaining power, resell it at a premium or a discount.
The distribution of the terms of trade is non-degenerate unless storage cost and frictions vanish.
ideas.repec.org /a/red/issued/v4y2001i3p680-694.html   (477 words)

  
 Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
The authors provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in terms of trade but positively correlated with past movements.
They document the same properties in a two-country stochastic growth model in which trade fluctuations reflect, in large part, the dynamics of capital formation.
The authors find that their general-equilibrium perspective is essential: the relation between the trade balance and the terms of trade depends critically on the source of fluctuations.
ideas.repec.org /a/aea/aecrev/v84y1994i1p84-103.html   (430 words)

  
 Deriving the Autarky Terms of Trade
This means that the autarky price ratio (cheese over wine) or terms of trade equals the opportunity cost of producing cheese.
Another way to say the same thing, is that the price of cheese (in terms of wine) in autarky equals the opportunity cost of producing cheese (in terms of wine).
Why is there an autarky terms of trade when there is no trade in autarky?
internationalecon.com /v1.0/ch40/40c160.html   (240 words)

  
 »»Terms-of-trade Reviews««
Over the past year,I've come across a number of terms in international business that I was unfamiliar with.
Agriculture, trade, and the GATT : a glossary of terms (SuDoc A 1.75:625)
Agriculture-industry terms of trade and distributive shares in a developing economy
www.financial-book-review.com /Telephone-switching/Terms-of-trade   (1736 words)

  
 Units and Terms Used in International Trade
Incoterms are a set of standardized trade definitions that make global trade easier for all involved parties.
These terms are the de facto standard for commerce worldwide, and are worth knowing.
Classification codes (US Census Bureau Foreign Trade Division)
www.tradeport.org /library/units_terms.html   (118 words)

  
 TERMS OF TRADE - QUEENSLAND FOREST PRODUCTS - QFP
TERMS OF TRADE - QUEENSLAND FOREST PRODUCTS - QFP
Terms are strictly net 30 days from the end of the month of purchase.
No claims will be recognized unless the goods are first inspected by a representative of Queensland Forest Products and referenced to an invoice number.
www.qfp.com.au /terms.html   (147 words)

  
 Global Wizard - Export Documentation and Compliance Application for Shipping.
Instantly research and review our 100-page encyclopedia of trade terms, definitions, and other useful information.
Updated daily by our experienced international trade staff, this Information Guide is sure to provide data pertinent to daily transactions involving banking, commerce, customs, distribution logistics, supply chain management, and transportation.
With the Global Wizard Information Guide, your company gains immediate access to a centralized database of essential trade requirements, an obvious productivity enhancement and cost-effective tool applicable to a worldwide audience.
exits.envision.com /inf.asp   (202 words)

  
 Find in a Library: The terms of trade.
Find in a Library: The terms of trade.
To find this item in a library, enter a postal code, state, province, or country in the field above.
WorldCat is provided by OCLC Online Computer Library Center, Inc. on behalf of its member libraries.
www.worldcatlibraries.org /wcpa/ow/8719d230fa195883.html   (43 words)

  
 Productivity Spillovers, Terms of Trade, and the “Home Market Effect” - Federal Reserve Bank of New York
This paper analyzes the welfare implications of international spillovers related to productivity gains, changes in market size, or government spending.
We introduce trade costs and endogenous varieties in a two-country general-equilibrium model with monopolistic competition, drawing a distinction between productivity gains from manufacturing efficiency and those related to firms’ lower cost of entry or product differentiation.
The sign of the international welfare spillovers depends not only on terms of trade, but also on consumers’ taste for variety.
www.ny.frb.org /research/staff_reports/sr201.html   (185 words)

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