Rotary points of world economic development

10.12737/686 ◽  
2013 ◽  
Vol 1 (3) ◽  
pp. 9-14 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Turning Point ◽  
Slow Growth ◽  
Loss Of Stability ◽  
The World ◽  
Dispersion Indices ◽  
World Economic ◽  
Accelerated Growth

The concept «rotary point» of world economic development is entered. Turning Point reflects the phenomenon of transition from one type to another type of development of the world economy. Passing of a rotary point is a loss of stability of world economic system. Identification of turning points — is to identify anomalies dispersion indices reflecting the performance of the economy. The long-term periods between rotary points are characterized as «the accelerated growth», or as «the slowed-down growth. Research allowed to establish two rotary points of development of world economy. It is a point of the middle of the 1970th — the beginnings of the 1980th of 3 g and a point of 2007–2011. Econometric analysis shows that up to a turning point of the mid-1970s, early 1980s is a period of accelerated growth. The period after passing of this rotary point is the period of the slowed-down growth. Modeling Kondratieff Wave allowed to associate with the rapid growth of the ascending and slow growth — with the descending branch of the wave. At the invariable period of a cycle of Kondratiev in the next years it is possible to expect the accelerated growth of world economy.

scholarly journals Competitiveness of Serbian economy measured by the indexes of competitiveness of the World Economic Forum 2007-2008

2007 ◽  
pp. 155-172 ◽  
Author(s):  
Vesna Parausic ◽  
Drago Cvijanovic
Keyword(s):  
Economic Development ◽  
Productivity Growth ◽  
World Economy ◽  
High Standard ◽  
Standard Of Living ◽  
World Economic Forum ◽  
The World ◽  
World Economic ◽  
Zero Sum

True competitiveness is measured by productivity. Productivity supports high wages, a strong currency, and attractive returns to capital and with them a high standard of living. The world economy is not a zero-sum game. Many nations can improve their prosperity if they can improve productivity. The central challenge in economic development is how to create the conditions for rapid and sustained productivity growth.

Entrepreneurship and Innovation of Small and Medium-Sized Enterprises in China

2021 ◽  
pp. 155-167
Author(s):  
Jin Chen ◽  
Liying Wang
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Road Construction ◽  
External Demand ◽  
International Environment ◽  
The World ◽  
Belt And Road ◽  
The Belt And Road ◽  
Opening Up

The long-term gradual recovery of the world economy has provided a good international environment for entrepreneurship and innovation of small and medium-sized enterprises (SMEs). With the continuous deepening of reforms and policies such as “Mass Entrepreneurship and Innovation” and “Internet Plus,” unprecedented policy dividends have benefited SMEs’ entrepreneurship and innovation. In particular, the new round of opening up, led by “The Belt and Road” construction, will stimulate more external demand, which will provide good opportunities for the development of SMEs. With the current weak foundation for the recovery of the world economy, there are still many uncertainties. The problem of insufficient and imbalanced domestic economic development is still outstanding, and economic development still faces many difficulties and challenges. Overall, the international and domestic environment faced by China’s SMEs is improving.

Turning point economic development of modern Russia

10.12737/430 ◽  
2013 ◽  
Vol 1 (1) ◽  
pp. 4-9 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Turning Point ◽  
Negative Impact ◽  
Econometric Models ◽  
Sustainable Growth ◽  
Federal Law ◽  
Russian Economy ◽  
The World ◽  
Corporate Profits

The transition of the Russian economy to grow in 1998 and studied the transition to slower growth in 2008–2009. Based on catastrophe theory shows that in 1998 and in 2008–2009 Russia’s economy was turning point in its development. After passing the turning point of 2008–2009 economy entered a period of sustainable growth retardation. Slower growth rates do not exceed the rate of growth of the world economy. The transition to slower growth generated by the policy, as reflected in federal law enacted in 2005–2011. Built econometric models, reflecting the negative impact of imperfect institution of ownership on the productivity of the economy and corporate profits, found arisen with institutional trap.

scholarly journals PROBLEMS OF INSTABILITY OF THE WORLD ECONOMY UNDER GLOBALIZATION

2017 ◽  
Vol 4 ◽  
pp. 213
Author(s):  
Tomasz Dołęgowski ◽  
Serhii Hushko ◽  
Volodymyr Kulishov
Keyword(s):  
Economic Development ◽  
Technological Progress ◽  
World Economy ◽  
Value Systems ◽  
Modern World ◽  
Negative Consequences ◽  
Economic Agents ◽  
Income Disparities ◽  
The World ◽  
World Economic

We examine the main trends of world economic development. The characteristic feature of the modern world is the acceleration of globalization development, caused by the achievements of scientific and technological progress. The increase in possibilities of global problem solving is accompanied by their exacerbation and degree of openness of public systems in conditions of modern globalization. We consider the interaction of international economic agents, the formation of interconnections, the inevitability of transition to a new and more progressive model of economic development – metaeconomy and the problems which are potentially able to cause negative consequences of the financial sector redistribution. There is a growth of social inequality in the world, resulting in increasing income disparities, which intensifies the migration process and thereby creates new problems as a result of the coexistence of people belonging to different civilizations, cultures and value systems.

Neoliberalism and the World Economic Crisis

2010 ◽  
pp. 56-64
Author(s):  
G. Kolodko
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
World Economy ◽  
Economic Values ◽  
Alternative System ◽  
Liberal Ideology ◽  
The World ◽  
World Economic ◽  
Modern Economic ◽  
World Economic Crisis

The paper criticizes neo-liberal ideology as responsible for the recent crisis faced by the world economy. The author analyzes possibilities of forecasting the crisis and shows that modern economic views and values are inadequate for overcoming the crisis and preventing such problems in the future. An alternative system of economic values is proposed which could ensure sustainable economic development.

scholarly journals Medium- and Long-Term Trends in the Development of the World Economy

2020 ◽  
pp. 5-30 ◽  
Author(s):  
Andrey N. Spartak ◽  
Tatiana A. Voronova
Keyword(s):  
International Trade ◽  
World Economy ◽  
The United States ◽  
Global Market ◽  
The World ◽  
The Usa ◽  
World Economic ◽  
Long Term Trends ◽  
World Economic Order

The article deals with long-term trends in the world economy and international trade, new challenges for global development, including digitalization and servicification of the economy, trade wars and increasing geopolitical tensions in the world. Also the medium-term prospects of world economic and commodity markets situation are analyzed, as well as specific economic developments in the largest countries and groupings – the USA, EU, China and India. The unprecedented scale of trade and economic confrontation between the United States and China has significantly increased uncertainty in the global market and provoked an explosive growth of trade protectionism, destabilized the foundations of the existing world economic order. Long-term structural shifts in international trade are associated with an increase in the share of services and expanding range of tradable services due to digitization, in the world energy market – with the US becoming one of the largest net exporters of energy and the formation of a highly competitive global gas market due to the explosive growth of LNG exports and the diversification of its suppliers. Almost all future scenarios are dominated by downside risks and strategic uncertainties, which increases the demand for multi-vector policy and diversification in foreign economic activity.

scholarly journals World economic development within domination of regional states

2018 ◽  
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Regional Integration ◽  
Global Economy ◽  
World Economy ◽  
The United States ◽  
Change World ◽  
The World Bank ◽  
The World ◽  
World Economic

The article deals with the world economic development within the domination of regional states that continue to play an important role, despite the regional integration processes affect and change world ecocnomy. Today, according to the World Bank data, such states are the United States of America, China, Japan, Germany, Great Britain, France, India, Italy, Brazil, Canada. Today these regional states have the largest economies in the world. The article analyzes the main indicators of the states that characterize their position in the world economy in 2016. The study determines the share of the macrogeographic regions, which includes the largest regional states in the world economy. The forecast is made on the basis of current trends in the global economy, 2016-2017 and the World Bank data on the world economy development by 2030. The regional states are identified as the largest economies in the world by that time.

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.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

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