Content, prerequisites and objectives of regional economic integration

In modern conditions, regional economic integration leads to the establishment of closer economic (and on this basis, political, scientific, cultural) ties between the participating countries. Economic integration completely eliminates or significantly weakens barriers to international migration of goods, services, capital and labour. The following conditions contribute to the creation of integration groupings. The proximity of […]

Problems of implementation of stabilization policy: active and passive policy of the state

Economic stabilization is associated with many practical difficulties. These include: a)  time lags of fiscal and monetary policy; b)  imperfection of economic information; c)  volatility of economic expectations; d)  ambiguity of historical analogies. The internal lag is the period of time between the moment of economic shock and the moment of taking economic policy response […]