scholarly journals “Fettered” and “unfettered” capitalism in J.A. Schumpeter’s concept of Tax State and economic development – issues in banking perspective

2016 ◽  
Vol 7 (1) ◽  
pp. 23
Author(s):  
Karol Śledzik
Keyword(s):  
Economic Development ◽  
Theoretical Concept ◽  
Factors Affecting ◽  
Scientific Discussion ◽  
Goods And Services ◽  
Current State ◽  
Modern Economy ◽  
Tax State ◽  
Economic Reality ◽  
Transformation Processes

Economic development and transformation processes have become much more intense in economic reality in the last years than they have ever been before. At this time a lot of questions were raised about the causes of the actual Global Crisis, future crises, the factors affecting the modern economy, about the essence of contemporary capitalism, demographic problems and overgrown bureaucracy. The most spectacular threat to capitalism, (based on private entrepreneurship) according to Schumpeter, stems from the high, growing and progressive taxation. Schumpeter saw clearly that the financing of public goods and services (requiring taxes, maybe even relatively high) is something other than a clerical control of the economic system that violates the natural economic mechanism. Moreover, Schumpeter says explicitly that an entrepreneur does not have to be one person, he even states that the country (state) itself, or its agenda, can act as an entrepreneur. Therefore, it can be concluded that we may have to deal with “Tax State”, which is typical for “fettered capitalism”, and with “entrepreneurial state”, which is typical for “unfettered capitalism”. The main goal of this paper is to present two different approaches to the economic development concept: Schumpeter’s “fettered” and “unfettered” capitalism in the context of “Tax State” and interventionism. The Author analyzes presented concept in contemporary issues from the banking perspective. In the paper, the Author used critical analysis as a research method. This allowed to identify gaps in the current state of knowledge and the scientific discussion focused on J.A. Schumpeter’s theoretical concept. Analysis was performed in 2015.

scholarly journals Current trends in economic development, management and marketing in China

2019 ◽  
Vol 6 (4) ◽  
Author(s):  
Galina Astratova
Keyword(s):  
Economic Development ◽  
Chinese Students ◽  
Global Scale ◽  
Positive Experience ◽  
Economic Relations ◽  
Development Management ◽  
Current Trends ◽  
Current State ◽  
Modern Economy

The modern economy of China is a phenomenon of global scale, as in a few decades the country has become a powerful power. In the context of strengthening Russian-Chinese economic relations, it is of interest to study the positive experience and forecast the prospects for further cooperation between the two countries. The article discusses some aspects of the formation and current trends in the development of Economics, management and marketing in China. In particular, a brief overview of the current state of the PRC economy; identified and described the main features of the national management; author’s position and highlighted nine main stages of evolution of the concept of marketing in China since 1978 to 2019. Some data of the survey of Chinese students regarding the most popular marketing tools in the coming years are presented.

scholarly journals SHARING CONSUMPTION AS A TREND OF THE MODERN ECONOMY

2021 ◽  
pp. 189-200
Author(s):  
Лариса Юрьевна Писарева ◽  
Аэлита Алексеевна Ким
Keyword(s):  
Resource Constraints ◽  
Sharing Economy ◽  
Goods And Services ◽  
Use Of Resources ◽  
Current State ◽  
Modern Economy ◽  
Global World ◽  
Economic Use ◽  
World Trend

В данной статье представлен анализ текущего состояния экономики совместного потребления как наиболее динамичного развивающегося сектора современной экономики. Целью исследования является анализ факторов, способствующих развитию экономики совместного потребления как глобального мирового тренда в условиях серьезного ресурсного ограничения. Научная новизна работы связана с выявлением основных моделей экономики совместного потребления, позволяющих продлевать жизненный цикл вещей и способствовать сокращению сверхпроизводства. В статье представлен обзор успешных компаний в секторе совместного потребления, выделены причины, повлиявшие на его формирование, выявлена роль совместного потребления в создании системы экономного использования ресурсов и, как следствие, поддержания экологического баланса. Перспективы развития экономики совместного потребления авторы связывают с необходимостью повышения доверия как фактора, влияющего на взаимодействие между потребителем и производителем товара и услуги. This article presents an analysis of the sharing economy's current state as the most dynamically developing sector of the modern economy. The work is focused on an overview of the factors contributing to the development of the sharing economy as a global world trend in conditions of serious resource constraints, the reasons that influenced its formation are highlighted. The paper describes the main models of the sharing economy, allowing to extend the life cycle of things, reduce overproduction, and provide an overview of successful companies in the sharing sector. The role of joint consumption in creating a system for the economic use of resources and, consequently, the maintenance of the ecological balance is revealed. The authors associate the prospects for the development of the sharing economy with the need to increase trust as a factor influencing the interaction between the consumer and the manufacturer of goods and services.

scholarly journals IMPACT OF MONETARY AND NON-MONETARY FACTORS ON ECONOMIC DEVELOPMENT OF THE BALTIC COUNTRIES

2017 ◽  
pp. 117-123
Author(s):  
V. Goliuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Strong Relationship ◽  
Added Value ◽  
Foreign Direct Investments ◽  
Factors Affecting ◽  
Goods And Services ◽  
Baltic Countries ◽  
The Baltic ◽  
The Impact

The aim of the paper is to identify the factors affecting economic growth of Baltic countries. Correlation analysis has been exploited to analyze the impact of both monetary and non-monetary factors on gross domestic product dynamics of Estonia, Latvia and Lithuania. The research results show that the most strong relationship in these three countries is observed between GDP dynamics and the following variables: domestic credit provided by financial sector, exports of goods and services including high-technology exports, official exchange rate, household final consumption expenditure, unemployment and real interest rate. The findings of the study indicate that inflation is related to GDP dynamics only in Latvia, foreign direct investments are associated to GDP only in Estonia. Especial role in economic development of these states belongs to export diversification. Companies diversified their product ranges switching to high added value products. Development of new branches and new markets, especially in Euro zone made sufficient impact on economic development of “Baltic Tigers”. Thus, both monetary and non-monetary factors had impact on economic growth of these states.

scholarly journals The Place and Role of the Service Sector in Achieving Strategic National Goals A. Voloskov

2020 ◽  
Vol 20 (4) ◽  
pp. 78-98
Author(s):  
Aleksey B. Voloskov
Keyword(s):  
Economic Development ◽  
Quantitative Assessment ◽  
Service Sector ◽  
Value Added ◽  
Input Output ◽  
Economic Activities ◽  
Goods And Services ◽  
Current State ◽  
The Impact

The article proposes to characterize the place and role of the service sector in the implementation of national goals of economic development for the period up to 2030, a method for determining a quantitative assessment of indicators of development of the service sector, based on the use of model tools based on the apparatus of the input-output table system. The current state of the service sector in the country is briefly described. The service sector in the article is understood as a set of types of services presented in the table of the use of goods and services in basic prices from the system of input-output tables for 2017. The article shows the place of certain types of services in the implementation of indicators of national goals of economic development. For experimental calculations based on the initial table of the use of goods and services at basic prices from the system of input-output tables for 2017, a worksheet was constructed in which some types of economic activities and products were aggregated into conditional sectors of the economy, and from some types were singled out some, directly involved in the implementation of national goals. Calculations according to the worksheet allowed us to quantify the impact of growth in the volume of services on the value of gross value added and the hypothetical values of investment resources required to achieve indicators of national goals.

scholarly journals Current State and Trends of Openness of the Ukrainian Economy

2021 ◽  
Vol 8 (3) ◽  
pp. 68-75
Author(s):  
Iryna Ankhelko ◽  
Iryna Lekh
Keyword(s):  
Economic Development ◽  
Foreign Trade ◽  
Open Economy ◽  
General Structure ◽  
Fats And Oils ◽  
Base Metals ◽  
Economic Openness ◽  
Goods And Services ◽  
Transport Services ◽  
Current State

The essence of openness of the economy as an object of theoretical study based on the analysis of publications and research of domestic and foreign scientists is explored in the article. On that basis, the authors give their interpretation of the concept. It is noted that the consistent expansion of economic openness is an important factor in modern economic development. Four groups of the division of national economies by the criterion of openness, namely by the share of exports in the country's GDP, are considered. The main conditions of an open economy are highlighted and the main tools (economic and political) with which it is possible to achieve the expansion of economic openness are given. An assessment of the current state and trends of openness of the national economy, based on the analysis of the main indicators of exports and imports of goods and services, as well as the geographical structure of Ukraine's foreign trade by recipient countries and donor countries of goods and services, has been made. It was found that in the current conditions of socio-economic instability, the openness of Ukraine’s economy remains at a fairly high level, which causes its close dependence on changes in external conditions. It is analyzed that the lion's share in the overall structure of Ukraine's foreign trade belongs to goods. The principal recipient countries of Ukrainian goods and services and donor countries in 2020 have been identified. The most common goods and services in the structure of exports and imports of Ukraine are also highlighted. In particular, it is noted that the most common goods for export were products of plant origin, base metals and articles base metals, fats and oils of animal or vegetable origin, and among services - transport services. At the same time, it was determined that the highest volume of imports in the general structure of Ukraine's foreign trade was achieved via machinery, equipment and machinery, electrical equipment and transport services import. It is generalized that the openness of Ukraine's economy is essential for its socio-economic development. Importantly to maximise the use of openness advantages that leads to productivity increasing and adaptation of production to growing competition that in turn is an important factor in improving the overall efficiency of the economy. It is recommended for ensuring the economic development of Ukraine, along with the foreign trade component of economic openness, it is also necessary to develop financial (including investment, technological, communicational) and political components.

Development of integration processes in the modern economy based on the creation of clusters

2016 ◽  
Vol 11 (3) ◽  
pp. 137-149 ◽  
Author(s):  
Проняева ◽  
Lyudmila Pronyaeva ◽  
Павлова ◽  
Anna Pavlova
Keyword(s):  
Economic Development ◽  
Cluster Structure ◽  
Existing Problems ◽  
Current State ◽  
Modern Economy ◽  
The Creation

Integration processes are the most important areas of economic development. The article presents the motives and factors that contribute to the development of integration processes in the economy; the evolution of forms of integration in Russia is considered, the reasons for choice of kinds of integration interaction are presented, the existing forms of integration are reflected. The idea that the cluster association of organizations is the most promising form of integration is substantiated. The authors highlighted features of clusters, assessed the current state of the cluster structure, focusing on the existing problems of the establishment and operation of cluster associations in Russia.

FAKTOR FAKTOR YANG MEMPENGARUHI PRODUK DOMESTIK BRUTO NEGARA-NEGARA ASEAN PERIODE 2005-2014

2017 ◽  
Vol 22 (1) ◽  
pp. 23-29
Author(s):  
Leorista Milliardo
Keyword(s):  
Economic Growth ◽  
Analytical Tool ◽  
Panel Regression ◽  
Estimation Model ◽  
Process Data ◽  
Factors Affecting ◽  
Goods And Services ◽  
Asean Member ◽  
Tourism Sector ◽  
Asean Countries

This study was conducted with the aim of identifying the factors affecting economic growth in ASEAN member countries during the period of 2005 - 2014, with the countries sampled in this study were six countries namely Indonesia, Singapore, Malaysia, Thailand, Philippines, Vietnam, Cambodia and Laos. The method of analysis used is the method of Data Panel Regression and Fixed Efect estimation model by using analytical tool to help process data is Eviews 7 program. While data used is panel data from eight ASEAN countries covering 10 year periods. The result of analysis shows that the acceptance of International Tourism Sector and Foreign Direct Investment has positive and significantinfluenceto the economic growth in eight ASEAN countries while the Labor Force is inconclusive. The study also found that Export of Goods and Services had a negative and significanteffect on economic growth.

Editorial

2013 ◽  
Vol 1 (2) ◽  
pp. 1-3
Author(s):  
João José Pinto Ferreira ◽  
Anne-Laure Mention ◽  
Marko Torkkeli
Keyword(s):  
Economic Development ◽  
Education Research ◽  
Research And Development ◽  
Research Integrity ◽  
Academic Community ◽  
Human Knowledge ◽  
Academic Institutions ◽  
Current State ◽  
State Of Research ◽  
Successive Generations

The expansion of human knowledge in all areas is largely the outcome of the activity of academic institutions and the result of their mission to contribute to the cultural, intellectual and economic development of the society, involving education, research and university extension activities. For many years, the academic community has been organizing itself in all different ways to respond to current and future needs, ensuring research integrity and recognition, and building on successive generations of peers to validate and support the launching and development of novel research streams. We owe the current state of research and development of our society to generations of scholars and scientists that have brought all of us here.(...)

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

Features of economic development of entrepreneurship in suburban areas of the region

2020 ◽  
pp. 22-25
Author(s):  
Viktoriya Bondarenko
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
National Economy ◽  
Geographic Area ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
Goods And Services ◽  
Suburban Areas ◽  
The World

The level of economic development of entrepreneurship in any country in the world is crucial in increasing the competitiveness of the national economy in the world market of goods and services. The activities of economic entities are the driving force for the sustainable development of regions and their suburban areas, and they also impact the welfare of population. The article dwells on the analysis of scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. The article analyzes the scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. According to the well-known classics of the fundamental economic theory of entrepreneurship development (A. Smith, D. Ricardo, V. Laungard, A. Loria) the peculiarities of economic development of entrepreneurship in suburban territories of the region are determined by the possibility of distribution of surplus production, minimum production costs per unit of production, availability of labor resources. In modern economic theory (M. Weber, A. Pre, S.M. Kimelberg, E. Williams, C. Vlachou, O. Iakovidou, J. van Dijk, P. Pellenbarg) the development of entrepreneurship in suburban areas of the region can be determined by institutional, innovation, technological, social, ecological and other features of the economy at the regional, state or world levels. The complex and comprehensive generalization of the features of economic development of entrepreneurship in suburban areas is proposed. There are (1) the type of decision taken by an enterprise to carry out business activities in the relevant suburban area of the region, and (2) the influence of internal and external factors on economic activity. The article argues that large enterprises are guided by more objective decision-making reasons, attaching the most importance to the physical and innovative environment. Medium and small enterprises are mainly focused on getting benefits for the entrepreneur in the short-term time period and location in the nearest geographic area. The attention was paid to the tools of ensuring economic development of entrepreneurship in suburban areas of the region, taking into account institutional changes in the national economy and the experience of developed countries of the world.

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