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A designated area in a country in which firms can import duty-free so long as the imports are used as inputs to production of exports.
Industry:Economy
A strategy for economic development that stresses expanding exports, often through policies to assist them such as export subsidies. The rationale is to exploit a country's comparative advantage, especially in the common circumstance where an over-valued currency would otherwise create bias against exports. Contrasts with import substitution.
Industry:Economy
A quantitative restriction on exports, often the means of implementing a VER.
Industry:Economy
A requirement by the government of the host country of FDI that the investor export a certain amount or percentage of its output.
Industry:Economy
A measure of the extent to which two countries export the same products. Defined for exporting countries ''j'' and ''k'' as ''XS<sub>jk</sub>'' = ''<sub>i</sub>''(min(''X<sub>ij</sub>'',''X<sub>ik</sub>'')100), where ''X<sub>ij</sub>'',''X<sub>ik</sub>'' are the shares of product ''i'' in their total exports. ''XS<sub>jk</sub>'' ranges from zero if they have no exports in common to 100 if they export the same things in the same proportions.
Industry:Economy
1. A subsidy to exports; that is, a payment to exporters of a good per unit of the good exported. 2. Sometimes applied to any payments to producers that lead to an increase in exports.
Industry:Economy
1. Export promotion; thus the substitution of production for export in place of production for the domestic market. Contrasts with import substitution. 2. Export of more processed forms of a good instead of only exporting the raw material.
Industry:Economy
A firm whose business consists mainly of international trade: buying goods in one country and selling them in another, thus both exporting and importing. Same as import-export company.
Industry:Economy
1. Balance of payments equilibrium. 2. Any target value for the balance on current account, balance on capital account, or balance of payments. Contrasts with internal balance.
Industry:Economy
