For many countries, the current account is limited to the items discussed above relating to exports and imports of goods and services. However, in addition to goods and services, the current account of the balance of payments should also take into account the movement of income and current transfers. Income – a group of items […]

The need and problems of territorial decentralization of management of the foreign economic sphere

The world economy at the present stage of development is characterized by a wide variety of forms of international cooperation, which is accompanied by the emergence of new subjects of these relations. Among the latter, regions are becoming increasingly noticeable as independent participants in world economic relations. Obviously, this phenomenon requires deep scientific understanding, since […]

Free economic zones as a factor of regional development

In the context of rapid scientific and technological progress and the aggravation of interstate and interregional competition, it is very important to prevent the Republic of Belarus and its regions from lagging behind in the field of advanced technologies, introducing the achievements of science and technology into production, strengthening competitiveness, and improving living standards. Among […]


Since the second half of the twentieth century, the country’s foreign economic relations  have significantly expanded. The volume of exports exceeded 20% of GDP. In 2000, the value of commodity exports amounted to 237.8 billion dollars. (3.7% of world exports), according to this indicator, Italy ranked eighth in the world, the value of commodity imports […]


The economic system of modern Germany is a social market economy, which began to be created in the country immediately after the end of the Second World War. There were certain prerequisites for this, back in the thirties in Germany, the Freiburg School was created, headed by Walter Eucken and Franz Böhme. They came to […]