Exceptional Funding

In many countries, and very often, situations arise when the authorities are unable to resolve the balance of payments: the upcoming payments for the supply of goods and services, as well as for past debts, are large, than current capital inflows and available reserve assets. The country is simply not able to pay for its […]

Reserve assets

Reserve assets, unlike other items in the financial account, are under the direct control of the state and can be used by it to achieve the goals of economic policy. Reserve assets (reserve assets) – international highly liquid assets of the country, which are under the control of its monetary authorities or government and at […]

Primary Income Distribution Account (current prices)

Use Resources Income from property transferred to the “rest of the world” Subsidies for production and imports Primary income balance (gross) (p5.-p.6 – p.7) Total (p.6 + p.7 + p.8) 1. Gross profit and gross mixed income Wages of employees Taxes on production and imports Property income derived from the “rest of the world” Total […]

Chronology of administrative-territorial entities of Belarus

Let us briefly dwell on the changes that took place in state formations and their administrative division on the territory of Belarus. VI-VIII centuries – on the territory of Belarus unions of tribes were formed – “princes” of Krivichi, Dregovichi, Radimich. IX-X centuries – these “princedoms” entered Kievan Rus. 1st half of the X century […]

Scheme of the "competitive diamond" by M. Porter

The country will receive super-profits, or “technological rents”, until other countries copy its innovations. Posner’s model suggests that once an innovation has been copied, there is no point in trading it on the foreign market. In order to constantly trade in any product, it is necessary to ensure a “flow of innovations” in its production. […]