The essence and main types of reproduction

In order for human society to exist, the process of producing goods and services must  be continuous. The process of production, seen as a continuous, renewable, repetitive process, is reproduction. Reproduction can be: individual – when considered within the framework of the household or entrepreneurial firm; public – taken on the scale of the entire […]

Key countries: India and Pakistan

stand out for their total power due to the billion population (1/6 of the world’s inhabitants), a huge economic potential, not yet used at full capacity. These countries have a large territory, diverse and rich natural resources, have a good scientific potential, and are nuclear powers. However, in  these countries there is a very low […]

The concept and essence of "foreign economic relations" and "foreign economic activity"

The modern period of development of the world economy is characterized by further expansion and deepening of foreign economic relations. Through foreign economic relations, an international division of labor is carried out, the purpose of which is to save social labor in the process of production and exchange its results between different countries. Foreign economic […]

Trends in the development of the world monetary system

A characteristic feature of our time is the development of regional economic and monetary integration, primarily in Western Europe. The mechanism of currency integration includes a set of monetary and credit methods of regulation, through which rapprochement and mutual adaptation of national farms and currency systems are carried out. In December 1991, in Maastricht, EU […]