Portfolio investment

Like direct investments, portfolio investments are a form of international capital flows, which is reflected in the balance of payments. Portfolio investment is a group of balance of payments items showing the relationship between residents and non-residents in connection with the sale of financial instruments that do not give the right to control the object […]

Classification principles

Since the balance of payments is a statistical summary of a country’s transactions with the outside world, each transaction must belong to a particular section in accordance with certain classification principles. The definition of standard balance-of-payments components is based on the following main considerations: the allocated balance of payments component should differ in behavioural patterns […]

Theories of value

Studying the value of the goods is very difficult due to the following circumstances. Value cannot be detected directly on the surface of economic life, since it expresses internal economic relations invisible to the eye. In this regard, A. Smith divided the economic system into two types of relations: exogenous and endogenous (named so in […]

Scenarios of socio-economic development of the Republic of Belarus

The development strategy of Belarus is based on such adopted fundamental documents as: the National Strategy for Sustainable Development of the Republic of Belarus (Minsk, 1997); Concept of socio-economic development of the Republic of Belarus until 2015 (Minsk, 1998); The main directions of socio-economic development of the country for the period up to 2010 (Minsk, […]

Market: essence, functions, forms

Market: 1) place of purchase and sale of goods and services, conclusion of trade transactions; 2) economic relations related to the exchange of goods and services, as a result of which demand, supply and price are formed. The structure of the markets is extremely diverse. According to the type of goods sold, markets of raw […]