The globalization of the world economy is accelerating as countries, previously closed to foreign companies, open their markets and the Internet destroys distances. In the twenty-first century, any company wishing to achieve leadership in the industry should think about leadership in a global market, not a local one. In these conditions, ambitious, development-oriented companies are […]
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Normative theory of the exchange rate
This theory considers the exchange rate as an additional tool for regulating the economy, offering a flexible exchange rate regime that is controlled by the state. This theory got this name because its authors believe that the exchange rate should be based on parities and agreements established by international bodies. Most ideas of the theory […]