Spider web-like  model with delayed demand

The conceptual model of any process of price dynamics includes the interaction of three subsystems, which can be conditionally called “commodity producer”, “consumer” and “market” (Fig.7.17.). The spider-like model (model A), in which demand lags behind supply by one period: D(Pt+1)=S(Pt), also fits into the scheme of Figure 7.17. Rice. 7.17. Conceptual scheme of the […]

Indicators of globalization

Some aspects of the impact of globalization on the national economy deserve special mention. First of all, we note the extremely high growth rate of foreign direct investment, far exceeding the growth rate of world GDP. These investments play a key role in technology transfer, industrial restructuring, the formation of global enterprises, which has a […]