Glossary Category: International Trade - Page 3 - 3auk

international aid

International aid refers to money, resources, or technical support given by countries, non-governmental organisations (NGOs), or international groups

A country’s pattern of trade describes the types of goods and services it sells (exports) or buys (imports),

Purchasing power parity (PPP) is an economic theory that states exchange rates between currencies should adjust until the

A current account surplus happens when a country sells more goods, services, and income to the rest of

A current account deficit happens when a country spends more money on foreign goods, services, and income transfers

Revaluation is the official and deliberate increase in the value of a country’s currency in relation to another

Devaluation is an official decision by a government to lower the value of its currency against other currencies.

Exchange rate determination explains how the value of a currency is decided in a floating exchange rate system.

A managed exchange rate, also known as a dirty float, is a system where a currency’s value is

The trade-weighted exchange rate (TWER) is a way to measure the overall value of a currency compared to