Abstract
One of the main questions that economic science seeks to answer in the field of international economic relations is the question of the impact of free trade on economic development. The article analyzes the main approaches and theories of international trade, and also examines the characteristics of economic systems involved in trade from the point of view of information theory and cybernetics, and the influence of these parameters on the management of economic development as national economies, and the world economy as a whole. In some cases, successful specialization in the international division of labor is actually achieved through measures of liberalization of trade, financial markets and capital rules. But these measures do not always produce the expected effects. Information and cybernetic interpretation of the processes of interaction of national economic systems opens up opportunities for the development of a new scientific approach to describing phenomena in the field of international trade.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
