Until 1914, the international movement of both long-term and short-term capital could be carried out practically without government control, since exchange relations remained relatively stable, and inflationary processes in the international sphere were restrained. This happened due to the fact that interstate calculations were constantly adjusted by the mechanism of the gold standard. Under the […]
Tag: Independent
The concept of "world economy"
The world economy is a complex economic organism. It did not arise immediately in a ready-made form, but a long period of formation, which fit within the framework of many centuries, passed. Currently, in the educational and scientific literature, two main approaches to the disclosure of the essence of the world economy have been outlined. […]