Sources of information on the balance of payments are: Customs statistics – transactions with goods registered by the customs authorities. The customs authorities record in their reports the value of consignments of goods exported and imported into the country, as they are declared by suppliers. The main errors may arise in connection with the overestimation […]
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Determination of the balance of payments
Balance of payments is a statistical report that systematically provides summary data on the foreign economic transactions of a given country with other countries of the world for a certain period of time. At the highest possible level of generalization, the balance of payments consists of: flows of real resources – exports and imports of […]
Features of the world market of goods and services
The deepening of the international division of labor, the development of trade between countries inevitably leads to the formation of a world market. The world market of goods and services is a system of economic relations in the sphere of exchange, which is formed between subjects (states, enterprises engaged in foreign economic activity, financial institutions, […]
Modern theories of international trade
Modern theories of international trade either develop the principles of classical theories, extending them to a greater number of goods, countries and factors of production, or study individual aspects of international trade that, for whatever reason, have remained unexplained by classical theories. One group of recent theories considers international trade mainly from the supply side […]
The main integration groupings of the world
Regional integration in its development can be traced both in countries that initially follow the path of market management, and in developing countries and countries with administrative regulation of the economy. An example of a regional integration association of countries, which today has the most significant period of its existence, is the European Union (EU). […]