The concept and performance of open and closed economic system

Closed economy (net) - economics, which is not included in the international division of labor, does not export or import the goods and services that are not participating in the international movement of factors of production, stands outside of international financial relations. It is an econo ...

The structure of the international economy

The modern international economy - a complex system of national economies in their unity and cooperation based on mobile factors of production and the formation of transnational systems and advanced forms of coordination of international economic life. From this definition, it follows that the st ...

The nature and stages of development of the world economy

The world economy - a set of national economy are in constant dynamics, which are characterized by the expansion of international relations, and these relations are subject to objective laws of market economy. The result is a highly controversial, yet integrated world economic system. Objecti ...