Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-11-79-41
DOI: https://dx.doi.org/10.15863/TAS.2019.11.79.41
Language: English
Citation: Nizomov, M. (2019). Free trade or protectionism: implementation of rational expectation policy is a solution for transition economies. ISJ Theoretical & Applied Science, 11 (79), 181-188. Soi: http://s-o-i.org/1.1/TAS-11-79-41 Doi: https://dx.doi.org/10.15863/TAS.2019.11.79.41 |
Pages: 181-188
Published: 30.11.2019
Abstract: Emerging economies is the best example for transformation of the local economies over time based on the various economic models where information, goods and services, capital freely flow. Where capital spread freely and their movement freely, stimulating the development of transition economies in recent regions. In this article it has been studied different economic policies available in the world economy imply the formation of a single (universal) international economic, legal and cultural information space. Main purpose of the article is explaining comparative analyses of economic models with different development instruments and policies. Relevance of the paper work is increasing international cooperation and partnership of transition economies in different trade unions for supporting sustainable economic prospective in regions. In other words, the phenomenon of globalization goes beyond a purely economic framework and has a noticeable effect on all the main areas of free trade and protectionism which stays controversy of the countries. Author explains theoretical point of view of the foreign trade long term prospective relations for macroeconomic stability in the country.
Key words: free trade, protectionism, median, economic policy, prosperity.
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