Deardorff's Glossary of International Economics


As usual I have benefited from talking with a long list of people about this project, starting with my colleagues Bob Stern, Jim Levinsohn, and Gordon Hanson. Others who have answered questions or made suggestions include, alphabetically, Jagdish Bhagwati, Patrick Conway, Mike Finger, Keith Head, Doug Irwin, John Jackson, Paul Krugman, Jay Levin, Steve Magee, Rachel McCulloch, Mitsuaki Shindo, Charles van Marrewijk, .... I expect that this list will continue to grow as the glossary does. I also could never have done this -- or much of anything else on the web -- without the help from my son, Ryan Deardorff, who many times has told me how to do something that had me stumped. My wife Pat has helped to, mainly in helping me to improve the look of the thing.

I have also taken full advantage of several other glossaries that are available. There are several on the web, including a surprising number dedicated to international trade apparently intended for those who actually do it, rather than only studying and teaching about it. Click here for a list of them, with links, that now appears on my homepage.

I have also consulted glossaries that appear in several textbooks, which are included in the list below. Finally, I have consulted many textbooks and other sources, many of which are also listed below.


Bannock, Graham, R.E. Baxter, and Evan Davis. 1998. Penguin Dictionary of Economics 6th edition, New York, NY: Penguin Books.

Bhagwati, Jagdish, Arvind Panagariya, and T.N. Srinivasan. 1998. Lectures on International Trade, 2nd edition, Cambridge, MA: MIT Press.

Black, John. 1997. A Dictionary of Economics, New York, NY: Oxford University Press.

Caves, Richard E., Jeffrey A. Frankel, and Ronald W. Jones. 1999. World Trade and Payments: An Introduction, 8th edition, Reading, MA: Addison Wesley Longman.

Goode, Walter. 1998. Dictionary of Trade Policy Terms 2nd edition, Centre for International Economic Studies, University of Adelaide.

Helpman, Elhanan and Paul R. Krugman. 1985. Market Structure and Foreign Trade: Increasing Returns, Imperfect Competition, and the International Economy, Cambridge, MA: MIT Press.

Hoekman, Bernard, Aaditya Mattoo, and Philip English, eds. 2002. Development, Trade and the WTO: A Handbook, Washington DC: World Bank.

Husted, Steven and Michael Melvin. 2001. International Economics, 5th edition, Boston, MA: Addison Wesley Longman.

Jackson, John H. 1997. The World Trading System, 2nd edition, Cambridge, MA: MIT Press.

Jackson, John H. and William J. Davey. 1986. Legal Problems of International Economic Relations, 2nd edition, St. Paul, MN: West Publishing Co.

Jones, Ronald W. and Peter B. Kenen. 1985. Handbook of International Economics, Amsterdam: North Holland.

Krugman, Paul R. and Maurice Obstfeld. 2000. International Economics: Theory and Policy, 5th edition, Reading, MA: Addison Wesley Longman.

Laird, Sam and Alexander Yeats. 1990. "A Glossary of Nontariff Measures." Appendix 4 in Quantitative Methods for Trade Barrier Analysis, New York: New York University Press.

Mark, Christopher. 1993. The Language of International Trade: A Handbook of Concepts and Terms, (September), Office of Resources, Trade, and Technology, Trade and Finance Branch, RTT.

Mikic, Mia. 1998. International Trade, New York: St. Martin's Press.

Obstfeld, Maurice and Kenneth Rogoff. 1996. Foundations of International Macroeconomics, Cambridge, MA: MIT Press.

Pearce, David W. 1999. The MIT Dictionary of Modern Economics 4th edition, Cambridge, MA: MIT Press.

Wong, Kar-yiu. 1995. International Trade in Goods and Factor Mobility, Cambridge, MA: MIT Press.