The basic concepts of the world economy

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International trade in goods and services Exports: $17 trillion (2017) $16

International trade in goods and services

Exports:
$17 trillion (2017)
$16 trillion (2015)
$15 trillion

(2014)

Exports - commodities:
top ten - share of world trade: 
electrical machinery, including computers 14.8%;
mineral fuels, including oil, coal, gas, and refined products 14.4%;
nuclear reactors, boilers, and parts 14.2%;
cars, trucks, and buses 8.9%;
scientific and precision instruments 3.5%;
plastics 3.4%;
iron and steel 2.7%;
organic chemicals 2.6%;
pharmaceutical products 2.6%;
diamonds, pearls, and precious stones 1.9%

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Stock of direct foreign investment - abroad: $33.6 trillion (31 December

Stock of direct foreign investment - abroad:
$33.6 trillion (31 December 2017

est.)
$28.4 trillion (31 December 2016 est.)
$26.2 trillion (31 December 2014 est.)

The international movement of capital

.
.

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Forms of international movement of capital are typically installed in countries investment and banking legislation

What is FDI and Why attract Foreign Direct Investment

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labour migration Тимофеева А.А. 2017 © According to UN data, in

labour migration

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According to UN data, in 2015 the

total number of international migrants reached
232 million people 

3.2% of the population of the Earth

The world's largest migration corridors :
Mexico — USA with 13 million migrated (in January — August 2013),
Russia — Ukraine with 3.5 million,
Ukraine — Russia with 2.9 million,
as well as Kazakhstan — Russia with 2.5 million

Top 10 Immigrant Countries

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International exchange of knowledge Тимофеева А.А. 2017 © Nonprofit forms •

International exchange of knowledge

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Nonprofit forms

• scientific and technical

publications;
• carrying out of exhibitions, fairs, symposiums;
• the exchange of delegations and meetings of scientists and engineers;
• migration of professionals;
• training students and postgraduates;
• activities of international organizations on cooperation in the field of science and technology, etc.
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Тимофеева А.А. 2017 © International exchange of knowledge On commercial bases

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International exchange of knowledge

On commercial bases

• transfer on

the terms of licence agreements (patents, know-how, registered trademarks, industrial designs);
• supply of machines and different Industrial equipment;
• rendering of technical assistance;
• export of equipment;
• preparation and training of specialists;
• management contracts;
• scientific-technical and production cooperation, etc.
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The international currency and settlement relations Тимофеева А.А. 2017 © 1)

The international currency and settlement relations

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1) means

of payment (national currency, gold, international payment unit SDR and the Euro; 2) the mechanism of establishment and maintenance of exchange rates;
3) the procedure for balancing international payments.
4) international organizations and complex international Treaty and state law.

is a set of economic relations arising at functioning of money in international circulation.

the daily turnover in the Forex market

2016 — 5,1 tr $
2020 – 10 tr $

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International market Domestic market National market International market World market Тимофеева А.А. 2017 ©

International market

Domestic market
National market
International market
World market

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The national states Transnational corporations Regional integration associations International organizations Тимофеева

The national states
Transnational corporations
Regional integration associations
International organizations

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The structure

of the world economy
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National economies The main subject of the world economy Economic sovereignty:

National economies

The main subject of the world economy

Economic sovereignty: key decisions

remain with the government of the reviewed country

Goods, services, capital, labour and knowledge are of national origin

And yet the value of national economies in the world economy is declining

National economic sovereignty in some integration s has already combined with the supranational decision-making mechanism (especially the EU).

International economic relations are also increasingly taking integration color : “is made in the EU”

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Internationalization

Internationalization

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Тимофеева А.А. 2017 © Indicators of internationalization Participation in the world

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Indicators of internationalization

Participation in the world trade:
Export quota


Import quota
Foreign trade turnover quota
The share of imports in retail turnover
The mapping of the country share in world exports, with its share in world GDP (Russia 0,7 (1,8% : 2,6%); United States 0,6 (12% : 20%); Japan 0,7 (5% : 7%))
The value of exports per capita (Russia – $ 1800, United States – $ 3,500, China – $ 500)

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