An extreme (and so far hypothetical) type of globalization in which there is virtually no barrier to the free flows […]

This is inflation that is rapid or out of control. It usually only occurs during wars or during severe political […]

A number assigned to a record to help to relate it to other records in the computer which have the […]

The process whereby a customer identifies himself with the company which provides him with products or services

A risk that only affects a small number of assets at one time. Traders can almost eliminate their exposure to […]

The tendency of consumers to place more value on items that required their own labor or ingenuity to create, assemble, […]

Any preference to move consumption from the future to the present. This preference may be derived either from pure impatience […]

Buying goods or services from overseas and bringing them into the country.

Goods and services produced in other countries and purchased by domestic households, firms, and the government.

Public expenditure in the form of free or subsidized services for households rather than in the form of cash transfers.