Economic operations

Institutional units, interacting with each other, carry out economic transactions among themselves, which are reflected in the SNA. The time of the macroeconomic operation is considered to be the moment of occurrence of the relevant obligations (usually the moment of transfer of ownership is the execution of the order, which may or may not coincide […]


One of the most important forms of foreign economic relations for the UK is the export of capital. In terms of direct foreign investment, the country ranks third after the United States and Japan. Profits from the export of capital are twice as high as commodity exports. The geography of capital exports has changed significantly. […]

Small countries "landlords"

include more than a dozen countries located on the islands and in coastal areas at the crossroads of the most important transport routes. This subgroup also includes colonies, for example: Bermuda, the Cayman Islands, the Virgin Islands, Martinique, Guadeloupe, New Caledonia, etc. This subgroup includes the countries  of the “tax haven”, they are also called […]

Social policy in the Republic of Belarus

According to the Programme of Social and Economic Development of the Republic of Belarus for 2001-2005, in the forecast period the main objective of social policy is to ensure a sustainable increase in the standard of living of the population and reduce poverty. To achieve this goal, it is necessary to: to ensure the growth […]

Types of exchange rate

The exchange rate can be classified on various grounds, according to which it has multiple differentiation: According to the method of fixing, the fluctuating, floating, fixed exchange rate is distinguished; According to the method of calculation, a parity and actual exchange rate is allocated; By type of transactions, the exchange rate is divided into the […]