Current Account

For practical and analytical purposes, the most important part of the balance of payments is the current account balance. The current account balance is a key concept of the international economy, showing, on the one hand, the result of the country’s interaction with the rest of the world over a certain period of time, and […]


Japan is one of the economic leaders of the modern world. In the production of industrial goods (cars, ships, video recorders, industrial robots, etc.), the country occupies a leading position in the world. Japan’s share of the world’s gross domestic product (GDP)  was 7.4% ($4841.6 billion) in 2000. The average annual GDP growth rate in […]

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 […]