The fundamental method for compiling the balance of payments is the double recording of foreign trade transactions, which is based on the fact that each registered transaction corresponds to a payment in one form or another, and the balance of payments and receipts should converge. The double accounting system used in the preparation of the […]
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Comments on the main concepts and definitions of the balance of payments
We give the original definition of the balance of payments from the 5 edition of the “Balance of Payments Manual” (Article 13). IMF definition. “The balance sheet is a statistical report, where the total data on the foreign economic operations of a given country with other countries of the world for a certain period of […]
Market infrastructure
The market forms its infrastructure. Market infrastructure is a set of organizations, institutions, enterprises and services that serve and ensure the movement of goods and services, capital and labor, i.e. ensure the normal functioning of the market. It includes a network of commercial banks and other financial institutions; commodity and stock exchanges, trading houses, labor […]
Status, trends and problems of regional governance in the Republic of Belarus
Belarus is a unitary state with a territory in207.6 thousand square kilometers, divided administratively into 6 regions (Brest, Vitebsk, Gomel, Grodno, Minsk and Mogilev). The regions, in turn, include 118 districts (Table 4). Table 4 Resource requirements by component Administrative divisionsOf the Republic of Belarus (2001) Region Territory, thousand sq. km. Population, thousand people Districts, […]