CBS Investment

In the first part of our reviews on how the world is changing through the crisis, we tried to describe the degree of the preparedness of countries to the intellectual economy, highlighting those that, in our opinion, are leaders in building the new economy. Now we want to share our views on what countries will become the main victims of the global depression.
But before going to the figures, on which we will carry out our “sentence” we should first explain what happened to these countries and how they have come to bankruptcy.
The 20th century became a century of socialism, and the reason lies not in the USSR and other countries of the socialist camp, but in the fact that the social-democratic ideas began to shape the development of Europe. So how did this happen?

With the opening of Eastern European markets exports and imports became the domain of not only large state-owned trade associations, but also production companies and trading firms.
Export as a whole should be distinguished between direct and indirect, because the mechanisms and tools of development are different. The simplest form of acts is indirect or mediated (oblique) export, where foreign trade activities are carried out through intermediaries, who buy products from manufacturers. In this case there are only indirect relationships between the domestic producers and foreign buyers. Often, the Belarusian production company is engaged in export of goods, attracting domestic and foreign trade companies or exporting firms, which are mostly independent and legally separate entities. At the same time as potential business partners within the framework of indirect export may take part in trade (purchasing) affiliates of the foreign company.

Exchange crises are a kind of reaction of the securities market on the excessive “swelling” of fictitious capital. One such crisis occurred in October 1987, when stock prices fell sharply on the stock markets of the capitalist countries. Thus, in comparison with the maximum level of August 25,1987, in October 19, 1987, they fell on the New York Stock Exchange at 36%, Tokyo – more than 20%, the Paris and London markets – at 35-40%, while the stock exchanges in Frankfurt-am-Main, Sydney and Hong Kong – even at 45-50%. Thus, the crisis was one of the strongest in the history of stock market crises. It turned out on “classical terms”, i.e. it occurred at the height of the economic recovery and lead to a reduction in fictitious capital, for example of U.S. corporations, at 550 billion dollars.

The present state of affairs of the economy is compelling the credit card debtors around the country begin contemplating about consolidating their credit card debts. There are various advantages of doing it. Nevertheless, a question does arise in your mind: would credit card debt consolidation damage my credit? Following are the five most significant advantages of credit card debt consolidation that would also answer the above question.