Resources of the world’s economy

Resources of world economy include the natural potential of the economy as a whole, the population and a manpower of the world economy, and also capital resources of the world economy and its branch structure. Scientific and technical progress is conducted now to that impact of natural and resource potential on the world economy gradually weakens, however the economy of the world needs an increasing number of resources for further development. Natural resources can be defined: Bodies and forces of nature which at this level of development of productive forces and study can be used for satisfaction of requirements of Read More …

Concept and stages of world’s economy development

The worlds economics is difficult system. All set of national economies is fastened by the movement of goods, services and factors of production. On this basis between the countries there are international economic relations, i.e. the economic relations between residents and nonresidents. Concept and subjects of the world economy. In domestic and foreign literature there are various approaches to definition of the concept “world economy”. The most important of them are: the world economy – set of the national farms connected with each other by system of the international division of labor. Such definition is based on idea of the Read More …