scholarly journals Possibilities and challenges of inclusive economic growth in countries

2021 ◽  
Vol 244 ◽  
pp. 10039
Author(s):  
Mavluda Askarova ◽  
Toir Saddulaev ◽  
Bunyod Radjabov
Keyword(s):  
Economic Growth ◽  
Socioeconomic Development ◽  
Growth Index ◽  
Well Being ◽  
Developed Countries ◽  
The State ◽  
Inclusive Growth ◽  
The World ◽  
The Republic ◽  
The Impact

The purpose of the study of this topic is inclusive growth and inclusive economic growth in the territory of the Republic of Uzbekistan. Using the theoretical method of analysis, the results of the developed countries of the world, as well as the state of the economy of Central Asia, in particular the Republic of Uzbekistan, are analyzed. The observation method reveals the impact of inclusive economic growth on the standard of living and well-being of the world’s population. The article compares data on the impact of the global economic and financial crisis on the economies of the world and the Republic of Uzbekistan, which began in 2019, and its consequences are reflected on inclusive economic growth. Projections of social development up to 2030 are made, this development factor plays an important role in inclusive economic growth. The result of this study is the conclusion about the importance of the inclusive growth index, which can replace the GDP indicator. Index of inclusive analysis of information on various aspects of society. This index can also be used to predict the socioeconomic development of the state.

scholarly journals The Investments Efficiency Toward Economic Growth: ICOR of the Republic of Croatia and Slovenia - Comparative Analysis

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Jeton Mazllami ◽  
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Developed Countries ◽  
Investment Efficiency ◽  
Specific Objective ◽  
National Economic ◽  
The World ◽  
Output Ratio ◽  
The Republic ◽  
The Impact

Most developing and developed countries, today are faced with a lot of economic, social, and political challenges as a result of internal or external factors such as the World Financial Crisis and Covid19. In these circumstances, the crucial objective of any government is to improve the national economic performance by increasing domestics and foreign investments. Investments efficiency is the main pillar in the increase of the economic growth of any economy. This paper aims to measure the efficiency of the investments towards economic growth in the Republic of Croatia and Slovenia by applying a comparative analysis. The specific objective of our paper is to determine the best ICOR level, the correlation between ICOR and GDP, and the impact on the economic growth of both countries. The research methodology will include the analysis of the efficiency of the investment measured by the indicators Incremental Capital-Output Ratio (ICOR) based on the World Bank approach. The period of observation includes the period from the year 1995 to 2020. The investment efficiency (ICOR) in both countries is expected to move between 1 and 6. The findings of this research are that each one-point decrease of the ICOR level of Croatia increases the economic growth by 1.961 percent, while the ICOR level of Slovenia increases less the Economic growth by 0.259 percent.

scholarly journals ASSESSING THE IMPACT OF ECONOMIC GROWTH ON INEQUALITY IN INDIA

2020 ◽  
pp. 5-8
Author(s):  
Furqan Ali ◽  
Mohammad Asif
Keyword(s):  
Economic Growth ◽  
Income Distribution ◽  
Capita Income ◽  
Political Stability ◽  
The State ◽  
Per Capita Income ◽  
Short Period ◽  
The World ◽  
Per Capita ◽  
The Impact

The rate of economic growth in India fluctuates with the world economic scenario. The developed countries being economically stable and highly advanced by technology, like U.S.A, France, Germany, Japan, and China faced the problem of economic crises. At the same time, the world comes to fluctuate their efficiency and empowerment to the leadership engagement in stabilizing the economy. In this paper, data taken from the Indian States as per capita income at the state level and compare it with all India average data. The Net State Domestic Product Per Capita Income (NSDPPCI), had taken on a current price for the short period 2011-2012 to 2016-2017. This paper compared the regional variation in state performance and compared the most riches states to inferior ones. The factors which affect economic performance are like stabilize the political stability in the state. We also focus comparison on the different political party announcements of the welfare scheme for the farmers and other poor people living in these states. Another factor like the level of education at states and center level, total population, and its growth rate, the public expenditure on the health sector. We measure income inequality, income distribution with the economic growth of India. KEYWORDS: Economic Growth; Inequality; Income Distribution; Political Stability.

scholarly journals Inclusive Growth Measurement Under Different Political Regimes of Pakistan

2020 ◽  
Vol V (IV) ◽  
pp. 42-49
Author(s):  
Muhammad Masood Anwar ◽  
Aftab Anwar ◽  
Ghulam Yahya Khan
Keyword(s):  
Economic Growth ◽  
Growth Performance ◽  
Growth Index ◽  
Asian Development Bank ◽  
Inclusive Growth ◽  
Political Regimes ◽  
Development Bank ◽  
Democratic Culture ◽  
Growth Measurement ◽  
The World

Existing literature focuses on the determinants and ways to enhance economic growth. This, however, neglects the growth benefit to society. Distribution aspect of economic growth is ignored in the previous decades. As a result, the world cannot enjoy the benefits of economic growth. In this paper inclusive growth index (IGI) is used which is constructed by the Asian Development Bank, 2011 to investigate whether the economic growth in Pakistan creates opportunities for the entire population on an equal basis and how political regimes affect the inclusive growth. Performance of the sixteen indicators of inclusive growth index is assessed over the period of 1978-2014, under two Democratic and two dictators' regimes. The result of the study shows that inclusive growth in Pakistan is low. However, the trend of inclusive growth in Pakistan is positive. Inclusive growth can be increase by increase the pace of economic growth besides democratic culture.

scholarly journals The geographical distribution of the shadow economy and its decline in Uzbekistan

2021 ◽  
Vol 244 ◽  
pp. 10050
Author(s):  
Umida Sangirova ◽  
Bekmukhammad Tursunov ◽  
Shakhzod Shayakubov ◽  
Iskandar Yunusov ◽  
Dilfuza Bababekova
Keyword(s):  
Geographical Distribution ◽  
Shadow Economy ◽  
Developed Countries ◽  
The State ◽  
Industrial Society ◽  
Expert Assessment ◽  
Transitional State ◽  
The World ◽  
State Of The Economy ◽  
The Republic

The topic of this research is to study the geographical distribution of the shadow economy around the world, and in particular to study its state in the territory of the Republic of Uzbekistan. The shadow economy is widespread in all countries of the world. The research topic is very relevant at the moment, during the period of digitalization of the economies of the countries of the world. The relevance of the study of the development of the shadow economy in the world is associated with the unstable, transitional state of the countries of the world. This instability is associated with the transition from industrial to post-industrial society. In the study of the theoretical part, the methods of analysis, grouping, sampling were used, in the study of the empirical part, the observation method, the method of expert assessment, comparative analysis were applied. Using modern research methods, we were able to reveal the most common causes of the shadow economy. The object of the research is the state of the economy of the Republic of Uzbekistan; the subject of the research is the factors influencing the emergence of the shadow economy, both in developed countries and in developing countries. Having studied the reasons for the emergence of the shadow economy in the territory of the Republic of Uzbekistan, the authors put forward proposals for their reduction, in order to improve the state of the country’s comprehensive development.

scholarly journals How to be an Asian Tiger

1997 ◽  
Vol 2 (2) ◽  
pp. 87-108
Author(s):  
Anis Alam
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developed Countries ◽  
Small Country ◽  
The World Bank ◽  
Asian Tiger ◽  
The World ◽  
The Republic ◽  
Industrialised Countries

In 1995 the Republic of Korea (ROK) was officially admitted to the Organisation for Economic Cooperation and Development (OECD). This organisation groups together industrially developed countries of the world. Recently, the World Bank has also released a study of China that predicts that China is going to become the second biggest economy in the next fifteen years if its economic growth follows the pattern of the last fifteen years. ROK is the only country from among the developing countries to join the ranks of the developed industrialised countries in the last thirty years. However, it is still a small country compared to China. Hence when China completes its transformation into an industrialised country the whole world will be affected.

scholarly journals BENCHMARKS OF ENSURING AN «ECONOMIC BREAKTHROUGH» OF UKRAINE IN TECHNOLOGICAL AND INNOVATIVE AREAS

2020 ◽  
pp. 19-29
Author(s):  
Liubov Smoliar ◽  
Olha Ilyash ◽  
Ruslan Kolishenko ◽  
Tetiana Lytvak
Keyword(s):  
Economic Growth ◽  
System Analysis ◽  
Original System ◽  
Developed Countries ◽  
The State ◽  
Axiomatic Method ◽  
Public Authorities ◽  
Foreign Experience ◽  
The World ◽  
Functional Components

Purpose. The aim of the article is the system analysis of foreign experience and development of indicators and directions of an «economic breakthrough» in technological and innovative areas within the framework for the preparation of the Strategy of an economic breakthrough of the state by the Ministry of Economic Development, Trade and Agriculture of Ukraine. Methodology of research. General and special methods have been used to achieve this aim in our scientific and analytical development: the axiomatic method and scientific abstraction method (to define the terminological consistency of notions by studying the categorical apparatus «technological breakthrough», «economic breakthrough» and «innovative breakthrough”; induction and deduction methods (to determine the core factors of an economic breakthrough); the method of synthesis and system analysis (to substantiate the theoretical essence of the basic notions and develop our own system of indicators of an «economic breakthrough»; the decomposition method (to single out the functional components (technological and innovative) in the system of an «economic breakthrough»; tabular and graphical methods (to reflect the analytical calculations and the final results of the study). Findings. The experience of 19 countries that have made an «economic breakthrough» in technological and innovative areas is systematised, in particular: the experience of the USA, Canada, Australia, Japan, China, Singapore, South Korea, Finland, Sweden, Denmark, Norway, France, Germany, Egypt, Switzerland, Great Britain, Austria, Brazil and India. The original system of indicators has been suggested and the comparative monitoring of the indicators, which helped to provide a «technological and innovative breakthrough» for the selected countries of the world in comparison with Ukraine, has been carried out. The recommendations to public authorities, aimed at creating the main benchmarks of an «economic breakthrough» of Ukraine in the technological and innovative areas of activity, have been prepared. Originality. A system of indicators of an economic breakthrough of Ukraine in technological and innovative directions has been formed for the first time, the foreign experience of economically developed countries of the world in the direction of achieving economic growth of national economies has been systematised. The recommendations to public authorities concerning the identification of the main benchmarks for Ukraine's technological and innovative breakthrough in the near future have been further developed. Practical value. The outlined priority directions of the policy «Economic breakthrough» and intensification of the state policy on ensuring the economic welfare and growth in Ukraine are substantiated by the applied analysis of critical technological, innovative and state-building factors of the exacerbation of economic problems in Ukraine. Key words: economic breakthrough, benchmarks, indicators, technological area, innovative area, economic growth.

scholarly journals TRENDS RESEARCH OF THE INFORMATION ECONOMY BASED ON GLOBAL INTERNATIONAL INDICES

2021 ◽  
Author(s):  
Nadiia Morozova ◽  
◽  
Tetyana Novikova ◽  
Timur Malafeyev ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Developed Countries ◽  
National Product ◽  
Information Economy ◽  
Development Index ◽  
The World ◽  
Information And Communication ◽  
Ict Development ◽  
The Impact

The article describes the uneven development of the information economy based on an analysis of the ICT development index in order to identify innovative growth at the national, regional, and global levels. The aim of the work is to develop a set of models for the analysis of the dynamics of the information economy, which makes it possible to determine the stages of the information economy development, groups of countries according to the level of ICT development, and to assess the factors impact of ICT development on the economic growth rate. The work considered the set of information indicators for assessing the level of the information economy development and analyzed development trends of the information economy by macro-region; developed a country profile model for ICT development and built a model for measuring the impact of ICT development on economic growth. Special empirical measures – international indices – are used to determine the extent of the impact of informatization on the countries’ development. All the indicators used in the work form the basis of the Information and Communication Technology (ICT) Development Index. This suggests that the ICT index is a universal tool for comparing world economies. Research has been carried out based on neural network modelling techniques, in particular the Kohonen network and econometric methods and models. The article discusses the use of ICT to analyze the information economy at the macroeconomic level to measure the impact of ICT on the gross national product. The author’s concept of research on the impact of ICT on the gross national product of the countries of the world has been developed. The author’s concept scheme consists of two blocks. The first block consists of the construction of country groupings based on the level of ICT development. Based on the Kohonen networks, the countries have been clustered according to the level of development of information and communication technologies, which will make it possible to compare the world economies and to highlight priority and problem areas in the implementation of ICT. The second block is to study the influence level of the ICT development index on countries' GDP using econometric models of macroeconomic indicators. The relationship between ICT and GDP has been confirmed. The simulation found that the potential for increasing GDP through ICT was greater for developing countries than for developed countries because for developed countries ICT using was routine and necessary. The impact of further ICT development in developed countries is such that, with an increase of 1% in ICT use, GDP increases by 0.6 %. For developing countries, however, the opposite is true. An increase of 1 % in the rate of ICT increases GDP by 1.2 % on average, i.e., such countries have the potential to develop and meet the targets of developed countries. The findings and results of the study can be used by policymakers and enterprises to ensure better ICT outcomes, which in turn can promote sustainable economic and social development, both in certain countries and globally.

scholarly journals THE IMPACT OF SOCIAL SECURITY ON THE COUNTRY'S ECONOMIC GROWTH: AN ANALYSIS OF PANEL DATA

2020 ◽  
pp. 181-186
Author(s):  
A. Lyulyov ◽  
Ya. Reshetnyak
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
Social Security ◽  
Well Being ◽  
The State ◽  
Progressive Development ◽  
Gdp Growth Rate ◽  
Socio Economic Development ◽  
The Impact

The realization of Ukraine's European integration aspirations and integration into globalization processes exacerbate the challenges and threats to the national economy in the segment of protection of social interests and especially in the context of the pandemic caused by SARS-CoV-2. This raises several issues aimed at studying the theoretical and methodological, and applied aspects of the formation and development of social security at the level of the state and society, and at the level of the individual. In particular, the paper analyzes the essence and content of the concept of "social security", its types and forms of manifestation. Particular attention in the study is paid to determining the factors influencing the level of social security of the state, including through the prism of interaction on indicators of socio-economic development. A system of principles was defined on which the concept of sustainable economic growth through the prism of social security should be based, namely: the level of socio-economic development of the state, territorial integrity and inviolability of borders, improving the welfare of the population, compliance with state standards and social guarantees in the field of finance, patriotic education, completion of financial and administrative-territorial decentralization, implementation of gender-oriented policy at all levels of government, creation of appropriate working conditions, etc. Based on this, the main indicators that determine the state of social security were analyzed: level of education, level of welfare, the share of the working population, mortality rate, population growth rate, real GDP growth rate, and GDP per capita, etc. According to the results of the analysis, the problems of social security in a pandemic was identified and a set of recommendations aimed at forming a safe and progressive development of the country, increasing its competitiveness in the world economic arena, which will generally increase social guarantees and well-being as an individual and society as a whole.

scholarly journals Comparative analysis of USA and Chinese entrepreneurship: experience for Kazakhstan

2021 ◽  
Vol 16 (2) ◽  
pp. 86-97
Author(s):  
A. M. Myrzakhmetova ◽  
A. E. Mukhametzhan
Keyword(s):  
United States ◽  
Economic Growth ◽  
Comparative Analysis ◽  
Well Being ◽  
The United States ◽  
Entrepreneurial Activity ◽  
Advantages And Disadvantages ◽  
The World ◽  
Effective Development ◽  
The Impact

Вusinesses are the backbone of the national economy and play an important role for the effective functioning of the economy of any country in the world. The authors studied the experience of the United States and China, in which small and medium-sized businesses have been successfully developing for a long time, both during periods of economic growth and during periods of economic recession.The purpose of the article is to study the features and conduct a comparative analysis of the organization of entrepreneurial activity in the United States and China, and, based on the experience of these countries, develop proposals for the effective development of entrepreneurship in Kazakhstan. The authors analyzed the dynamics and factors of the development of small and medium-sized businesses, the advantages and disadvantages of entrepreneurial activity in the United States and China, and identified the impact of the COVID-19 pandemic on entrepreneurial activity in these countries and in Kazakhstan. In the course of the study, various methods of scientific knowledge were used: data collection and processing, economic, comparative and statistical analysis, generalization, synthesis, induction, deduction. We collected and processed fresh quantitative data on the state and dynamics of the development of small and medium-sized enterprises in the United States and China in the period from 2011 to 2021.Small and medium business is an integral and important part of the economic development of all countries of the world, the experience of countries such as the United States and China can be useful and interesting for the Kazakh economy. Entrepreneurship performs a number of important socio-economic functions for the country: providing employment, creating a competitive environment, supporting and introducing innovations, reducing social inequality, attracting natural, human, material and technical resources into the production and commercial process, stimulating economic growth and improving the well-being of people.The authors, based on a study of the experience of entrepreneurial activities of two large leading countries of the world economy, have developed proposals that will contribute to the development of small and medium-sized businesses in the Republic of Kazakhstan.

Inclusive Growth in Africa

2014 ◽  
pp. 153-174
Author(s):  
Mthuli Ncube
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Social Inclusion ◽  
Growth Index ◽  
Well Being ◽  
Inclusive Growth ◽  
African Countries ◽  
Poor Growth ◽  
Per Capita ◽  
Growth Indicators

This chapter examines the weak inclusion character of Africa’s economic growth and its implications for employment, income distribution, demographics, and the middle class. After outlining Africa’s impressive growth in the last decade which has not created jobs and not reduced poverty fast enough, it discusses various approaches to inclusive growth in relation to gross domestic product per capita, sub-groups, and pro-poor growth, well-being, and opportunities as opposed to outcomes. It also considers four categories of inclusive growth indicators, namely economic inclusion, social inclusion, spatial inclusion, and political/institutional inclusion. Under economic inclusion, an approach for dealing with inequality is presented. Finally, the article describes an inclusive growth index for African countries for the period 2006–2010, adjusted for inequality.

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