Current Account

For practical and analytical purposes, the most important part of the balance of payments is the current account balance. The current account balance is a key concept of the international economy, showing, on the one hand, the result of the country’s interaction with the rest of the world over a certain period of time, and […]

"Functional Interconnections in an Open Economy"

1. Macroeconomics consists of four main sectors of economic activity – real, budgetary, monetary and external. The main relationships between sectors are most clearly defined through the System of National Accounts, a set of internationally accepted rules for the accounting of economic activity. The basis of accounting is institutional units (non-financial corporations, households, non-profit institutions, […]

Small Business Planning and Forecasting

The most important forms of state regulation of small business are planning, programming and forecasting, through which state policy for the development of this sphere is implemented. Annual forecasts of socio-economic development of the Republic of Belarus necessarily reflect the main directions of development of small business for the coming period. State policy in the […]

Approaches to pricing in the global market

The world market is characterized by a multiplicity of prices. As a rule, the price of the world market is taken as the price of large systematic and sustainable export and import transactions concluded in the main centers of international trade by exporters or importers of the goods concerned on the terms of payment in […]

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, […]