scholarly journals Cost-effectiveness analysis of the international exchange of goods and services

Presents patterns of economic interaction between countries in the international exchange of goods and services, factors of production and financial and credit flows. An analysis of international economic relations and Russia's relations with international organizations is considered.

Author(s):  
Branka Topić-Pavković

The growth dynamics of international exchange and capital flows is conditioned by the efficiency of the international monetary system whose basic task is to provide for international liquidity and smooth international payments. The tendencies in international economic relations in the time of globalisation have determined further directions for the development of the international monetary system. The breakup of the Bretton-Woods System initiated  the establishment of a new European monetary system with the aim to stabilise the exchange rates and  improve further process of integration and international economic relations. In this research paper we have pointed out to the  fact  that economic interdependence of souvereign countries leads to coordination of macroeconomic policies, and that it  can motivate  monetary integration within the monetary policy. The objective of this research paper is to emphasize the stability of the international monetary system as a prerequisite for sustainable growth of national economies and monetary union. The contemporary international monetary system is characterised by the trend of reduced number of national currencies, as this is  a  logical conseqence of increasing European integrations, but also beacuase of significant economic advanatages. Simultaneously, the costs of the euro changeover and introduction of a common currency are lower if economic performances of member countries mutualy converge.


1975 ◽  
Vol 29 (2) ◽  
pp. 469-485 ◽  
Author(s):  
Daniel A. Holly

Available data on the activities of the multinationals and other aspects of international economic relations have rendered traditional approaches to the study of international politics, international organizations and the international system obsolete. The political and economic facts of international life are so intertwined that it has become compulsory to resort to the findings of political economy to discuss the international system and its functions and to assess properly the role and functions of the United Nations within it.


2021 ◽  
Vol 3 (4) ◽  
pp. 17-24
Author(s):  
Tariro Portia Tendengu ◽  
Fadzai Mahere

The purpose of this paper is to reach the augment of COVID-19 effects on international economic relations. The globe has become a cohesive economic community with interdependence being fuelled by rising economies and the need to exchange technical know-how, goods and services. Globalization has turned the world into one unit with diversified limbs that work in tandem with each other, for instance the lesser the lesser developed countries need raw material to sustain their industries. Now because of the unforeseen emergence of COVID-19 pandemic, social, political and economic modes of interaction have been obstructed normally to curb the spread of the virus which has claimed lives in the hundreds of thousands to millions.This in turn has hindered in some cases  brought to a halt certain areas of the economy both internationally and nationally. Economic relations have been stunned by the introduction of COVID-19 measures like travel bans, limiting interactions between individuals and groups and limited time of operations for essential services. A desktop review analysis was used as the research methodology.  Data collection methods that were used included observations, focus group discussions and interviews. The targeted population included international, statutory and non-statutory organizations in Zimbabwe. Findings from the study concluded that closure of borders during the COVID-19 pandemic affected imports and exports of trade, COVID-19 led to the loss of labour though massive deaths and quarantine measures and the effect of COVID-19 pandemic on oil dependent counties was severe.` Recommendations from the research affirm that governments and regional organisations should reunite in the global context so as to face pandemics, policy makers should implement effective policies which address economic relations between countries and countries should better prepare for such threats like COVID-19 to economic relations and trade through enhancing technologies.


Author(s):  
Constantin Anghelache ◽  
Gabriela Victoria Anghelache ◽  
Mădălina-Gabriela Anghel

Abstract The economic activity of a country is achieved both by domestic activity and by international economic and technical-scientific exchanges. International commercial activity is a necessary one nowadays. This is because there is no state capable of performing an autarchic activity. Regardless of of the technical, scientific, resource, and level of development, any state needs to participate in international economic, technical and scientific exchanges. Through international economic exchanges, the need for resources, means of production, labor resources or goods and services is completed. Also in this economic activity of international exchanges is realized the capitalization of surplus production, goods and services, surplus fixed capital, which is offered for export or as a possibility of cooperation in international projects. Thus, the activity of international exchanges is a necessity for each state. Under the conditions of the European Union, in which Romania is a member, there are a number of facilities and in this respect they are being implemented or are being implemented under the European Directive on trade without borders. In this respect, between the Community countries, in the exchange of goods and services, protection measures such as the import tax are no longer practiced and VAT is no longer charged. The international economic exchanges are a significant role in the final result materialized in the level of gross domestic product achieved in each period of time. The countries that import and do it to supplement domestic needs means that they spend part of the value realized in domestic activity to make imports. The exports are made with surplus goods and services that go to other states. In the European Union there are intra-community economic exchanges, complemented by extra-community international economic relations. The authors have studied this aspect and have found that intra-community economic relations have developed more intensively than non-EU economic relations over the last period. In other respects, states are grouped into two categories, ie states with surplus international economic relations, ie states that export more than imports and the second group, countries with activities in the international deficient relations, which imports more than just exports. Comparison between exports and imports results in net exports that may be a surplus or deficit. Romania has always been a deficit country since 1990 and it has to be analyzed in the sense that, due to the difference in favor of imports, part of the gross domestic product made in Romania diminishes with this deficit. The authors, by analyzing this data, highlight how the activity of international economic exchanges has evolved.


2017 ◽  
Vol 16 (4) ◽  
pp. 141-149
Author(s):  
Eulalia Skawińska ◽  
Romuald Zalewski

The research problem addresses the question, whether activities of global organizations towards quality have been significantly shaping international economic relations (IER), in line with the paradigm of sustainable development. The paper’s aim is to characterize and evaluate to-date activities of the top three global organizations in the shaping of products’ quality aspects in international trade and to determine the organizations’ ex ante role. Apart from the introduction and summary, the paper is divided into four parts. The first three parts characterize these global organizations whose activity has direct and indirect influence on both the quality and safety of products in international trade, namely: ISO, FAO, and WHO. The fourth part is a presentation of these organizations’ expected role in the shaping of international economy in the future. Final part gives a summary and conclusions.


2002 ◽  
Author(s):  
Eugene Laska ◽  
Morris Meisner ◽  
Carole Siegel ◽  
Joseph Wanderling

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