Britain: The First Modern Industrial Economy

2018 ◽  
Author(s):  
William R. Thompson ◽  
Leila Zakhirova
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Industrial Revolution ◽  
Energy Sources ◽  
Industrial Economy ◽  
The World ◽  
The Right

The British Industrial Revolution is one of the most famous economic growth stories. Once a peripheral economy, Britain later became the center of the world economy, occupying a position of global technological centrality. When the British moved into a mineral-based economy via their embrace of coal, they were able to move beyond the traditional constraints of organic economies. This was truly revolutionary and produced the sustainability that had eluded the Dutch. What propelled Britain beyond the Smithian trajectory was the combination of ample, inexpensive coal and steam engines. Growth becomes more sustainable only when new types of energy sources are utilized and suitable technology that makes use of the new fuels is innovated. Britain was able to do both because of the very distinctive package of facilitative factors that were brought together at the right time in a particular place.

scholarly journals SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT AS A FACTOR OF ACCELERATING ECONOMIC GROWTH IN RUSSIA

2021 ◽  
Vol 230 (4) ◽  
pp. 237-244
Author(s):  
E.B. LENCHUK ◽  
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Large Scale ◽  
Industrial Revolution ◽  
Technological Development ◽  
Technological Basis ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Sustainable Economic Growth ◽  
Scientific And Technological Development

The article deals with the modern processes of changing the technological basis of the world economy on the basis of large-scale transition to the use of technologies of the fourth industrial revolution, shaping new markets and opens up prospects for sustainable economic growth. It is in the scientific and technological sphere that the competition between countries is shifting. Russia remains nearly invisible player in this field. The author tried to consider the main reasons for such a lag and identify a set of measures of state scientific and technological policy that can give the necessary impetus to the scientific and technological development of Russia.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

Kazakhstan’s Economic Growth in the Context of the World Economy

2006 ◽  
pp. 133-146 ◽  
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
World Economy ◽  
World Ocean ◽  
Direct Access ◽  
Crude Petroleum ◽  
Nation States ◽  
The World ◽  
The Relationship

Kazakhstan’s economic policy results in 1995-2005 are considered in the article. In particular, the analysis of the relationship between economic growth and some indicators of nation states - population, territory, direct access to the World Ocean, and extraction of crude petroleum - is presented. Basic problems in the sphere of economic policy in Kazakhstan are formulated.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

Coal's Persistence in the Capitalist World-Economy

2020 ◽  
Vol 6 (2) ◽  
pp. 194-221 ◽  
Author(s):  
Paul K. Gellert ◽  
Paul S. Ciccantell
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Energy Transition ◽  
Ecological Modernization ◽  
World Systems ◽  
Coal Consumption ◽  
The World ◽  
Capitalist World Economy ◽  
Capitalist World

Predominant analyses of energy offer insufficient theoretical and political-economic insight into the persistence of coal and other fossil fuels. The dominant narrative of coal powering the Industrial Revolution, and Great Britain's world dominance in the nineteenth century giving way to a U.S.- and oil-dominated twentieth century, is marred by teleological assumptions. The key assumption that a complete energy “transition” will occur leads some to conceive of a renewable-energy-dominated twenty-first century led by China. After critiquing the teleological assumptions of modernization, ecological modernization, energetics, and even world-systems analysis of energy “transition,” this paper offers a world-systems perspective on the “raw” materialism of coal. Examining the material characteristics of coal and the unequal structure of the world-economy, the paper uses long-term data from governmental and private sources to reveal the lack of transition as new sources of energy are added. The increases in coal consumption in China and India as they have ascended in the capitalist world-economy have more than offset the leveling-off and decline in some core nations. A true global peak and decline (let alone full substitution) in energy generally and coal specifically has never happened. The future need not repeat the past, but technical, policy, and movement approaches will not get far without addressing the structural imperatives of capitalist growth and the uneven power structures and processes of long-term change of the world-system.

PASAR LAYAR BERBASIS E-COMMERCE

2021 ◽  
Vol 3 (1) ◽  
pp. 91
Author(s):  
Rewindy Astari Surbakti ◽  
Doddy Yuono
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Interaction Space ◽  
Creative Economy ◽  
Start Up ◽  
The World ◽  
Human Thinking ◽  
New Generation ◽  
Start Ups ◽  
Generation Technology

The 21st century is known as the industrial revolution 4.0 which changes the economy among people who grow together with modernity and technology systems. It proves that the development of human thinking on creativity will greatly affect the development of the creative economy, but this has made the market begin to be abandoned by new generations and switch to e-commerce systems. The existence of an epidemic that has begun to spread in people's lives is also one of the factors that have changed the world economy and made the market begin to be abandoned. Changes in the world economy will require revitalization so that this is used as a foundation in the formation of the Screen Market integrated with the digital system to polarize the economy. The new generation is the key to the development and balance of the economy in technology, this is in line with the entrepreneurial nature and character of the new generation, which makes them prefer to develop as start ups. The revitalization of the economic center will become a forum for interaction with the surrounding environment so that the characteristics of the formation of interaction space are the basis and the beginning of the screen market. The screen market is located on Jl Arjuna Utara which is surrounded by malls, offices, universities, making the type of retail being marketed a creative sub-sector, namely culinary with local products, fashion retail, and also craft retail managed by start ups so it is hoped that the screen market can accommodate interaction and creatively combined with digital developments. Keywords: Economy; Market; New Generation; Technology. Abstrak Abad ke-21 dikenal dengan terjadinya revolusi industri 4.0 yang mengubah  perekonomian  di kalangan masyarakat yang bertumbuh bersama dengan sistem modernitas dan juga teknologi. Membuktikan bahwa perkembangan pemikiran manusia terhadap kreativitas akan sangat memengaruhi perkembangan ekonomi kreatif tetapi hal ini menjadikan pasar mulai ditinggalkan oleh generasi baru dan beralih pada sistem e-commerce. Adanya wabah yang mulai merambat dikehidupan masyarakat juga menjadi salah satu faktor yang merubah perekonomian dunia dan menjadikan pasar mulai ditinggalkan. Perubahan perekonomian dunia ini akan membutuhkan revitalisasi sehingga hal ini dijadikan sebagai landasan pijakan dalam pembentukan Pasar Layar yang dipadukan dengan sistem dari digital sebagai polarisasi perekonomian. Generasi baru merupakan kunci dari perkembangan dan keseimbangan perekonomian dalam teknologi, hal ini sejalan dengan sifat dan watak entrepreneur yang dimiliki oleh generasi baru sehingga menjadikan mereka lebih memilih berkembang sebagai start up. Revitalisasi pusat perekonomian ini akan menjadi wadah interaksi dengan lingkungan sekitar sehingga adanya karakteristik pembentukan ruang interaksi sebagai dasar dan awal dalam pasar layar. Pasar layar berada di Jl. Arjuna Utara yang dikelilingi oleh mall, kantor, universitas menjadikan jenis retail yang dipasarkan merupakan subsektor kreatif yaitu kuliner dengan produk lokal, retail fashion dan juga retail kriya yang dikelola start up sehingga diharapkan Pasar Layar mampu menampung antara interaksi dan kreatif  yang dipadukan dengan perkembangan digital.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

scholarly journals The great Chinese transformation: cynicism and the future of the world (article two)

2020 ◽  
Vol 2020 (3) ◽  
pp. 5-23
Author(s):  
Grzegorz W. Kolodko ◽  
Keyword(s):  
United States ◽  
Economic Growth ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
The Right ◽  
Supranational Level

The huge leap made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is causing fear in some and anxiety in others. Questions arise as to whether China’s economic success is solid and whether economic growth will be followed by political expansion. China makes extensive use of globalization and is therefore interested in continuing it. At the same time, China wants to give it new features and specific Chinese characteristics. This is met with reluctance by the current global hegemon, the United States, all the more so as there are fears that China may promote its original political and economic system, "cynicism", abroad. However, the world is still big enough to accommodate us all. Potentially, not necessarily. For this to happen, we need the right policies, which in the future must also include better coordination at the supranational level.

scholarly journals Classification of integration associations according to the degree of development of a single transport space

2019 ◽  
Vol 27 (2) ◽  
pp. 375-385
Author(s):  
Mikhail S Komov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth Rates ◽  
World Economy ◽  
Transport Sector ◽  
Special Importance ◽  
The World ◽  
Definition Of ◽  
Negative Growth

In modern conditions of development of integration processes in the world economy, special importance is attached to the transport sector. The formation of a single transport space (STS) in the regions creates additional opportunities for the economic development of the integrating countries. At the same time, the literature does not pay enough attention to the definition of the essence of the single transport space and the classification of integration associations according to the degree of its development. Therefore, there is a need to develop such a classification. The article substantiates the expediency of classification of integration associations according to the degree of development of a single transport space. The author's formal-logical classification is developed, which is based on three basic types of a single transport space: transport and logistics type provide a positive multiplier of integrated economic growth for all participating countries; innovative-logistic and customs-logistic types cause polarization in the action of the multiplier of integrated economic growth (in particular, both positive and negative growth rates of GDP values of the participating countries are possible); industrial and logistics type provide a zero multiplier of integrated economic growth for all participating countries. The conclusion is made about the possibility of unification and harmonization of transport space in the practice of integration associations on the basis of the developed classification.

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