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Transnational companies are the key drivers of foreign direct investments & major actors in international trade. They are involved in more than two-third of international trade & determine its direction, composition & volume. The relationship between transnational companies & international trade is complex & interwoven, raising the following question: are transnational companies substitutes or complements of international trade? The author explores this relationship. She studies the role of these companies in international trade as a whole & in foreign trade of domestic & host countries. Tables, Figures, References. Adapted from the source document.

The author analyses the development of EU in the new international surroundings during the last decade, also exploring the development of the European Security & Defence Policy (ESDP). The first part treats the changes in international relations, the role of USA & the NATO evolution. With the changes in international relations that are characterized by the relative weakening of USA, the rise of the powers such as China & Russia as well as the process of globalization within the multipolar frameworks, the European Union & its members states are facing the problem of adjusting to the new conditions. The second part of the article overviews the EU development, its geostrategic priorities as well as the development of ESDP. In the last dozen of years, the Common Foreign & Security Policy & the ESDP development have gone through a dynamic evolution. The attempts of the EU countries to emancipate from USA & become a serious factor in international relations imply that it should strengthen its international identity, & the political & military components, in particular. References. Adapted from the source document.

The author analyses the role of services in the international market. Services sector has significant influence on economic growth & efficiency. Share of services in the world market is in contrast with the great role they play in the domestic market. Because of their intangible nature, trade in services is subject to larger limitations than trade in goods. Insufficient data or incomparable data on international trade in services makes this sector hard to analyze. Brought together to solve those problems, a few international organizations have made a Manual on Statistics of International Trade in Services. This & many others are ongoing efforts to set internationally comparable data for future analysis. Tables, Figures, References. Adapted from the source document.

Resource management by a national economy is of great significance for every country. If they are deficient then they should be purchased abroad. Oil & oil derivatives are the energy resources that are in shortest supply in Serbia. The statistical data on its foreign trade in the period January-July 2008 show that Serbia recorded the greatest foreign deficit in its trade with the Russian Federation. This primarily results from its energy resources imports. Russia is Serbia's most important partner in strategic commodities supply. For this reason the measures for abolishing or decreasing the oil export duties would considerably reduce the production costs in our economy. This would lead to an improvement in a large number of our economic branches. References. Adapted from the source document.

The author explores the evolution, functioning, similarities & differences between the original Bretton Woods international monetary system that operated from 1945 to 1973 & the present modified institution, which is symbolically called Bretton Woods 2 System. The existing international financial architecture keeps on being based on the hegemony of the US dollar, as a dominant reserve currency. However, in spite of the fact that in most cases the present international monetary system implies the regime of flexible foreign exchanges rates, a characteristic of this system is that many countries in different degrees refuse to accept the appreciation of their national currencies to the US dollar. At the same time, the domination of the USA, the most indebted country in the world, is becoming a very serious threat to its sustainability. However, as the author concludes, the creators of the international monetary system, being aware how serious could be the consequences of its cessation, endeavor to extend its operation accepting less expensive consequences of keeping it alive. Tables, References. Adapted from the source document.

The continuity with the former federal & republic nationality in the successor states of former SFRY confirms that it has kept on being regulated by their internal laws. However, not in all cases regulations of citizenship have been implemented in accordance with the provisions that are defined by international law. The basic nationality principles have not been applied to the citizens of different ethnic origin. For their own political interests the states did not take measures to duly grant citizenship to the persons that at the time of succession were nationals of the predecessor state. The delay in passing & implementing the laws, non-respect of the right of option, the exclusiveness of domestic citizenship & the absence of solutions for the protection of family unity had a negative reflection on the achievement of rights of citizens. The problems have gradually been overcome by introducing novelties in laws, by adopting administrative legislation & jurisprudence of the successor states, but as far as equality before the law is concerned some issues have remained unsolved. References. Adapted from the source document.