scholarly journals STRUCTURAL ECONOMIC CHANGES – DIFFERENCES IN THE APPROACHES

2019 ◽  
Vol 17 (Suppl.1) ◽  
pp. 1-4
Author(s):  
S. Totev
Keyword(s):  
Economic Growth ◽  
Critical Analysis ◽  
Structural Changes ◽  
High Efficiency ◽  
Economic Conditions ◽  
Economic Policies ◽  
Structural Policy ◽  
Economic Changes ◽  
Role Of The State

The ability of an economy to adapt to changing economic conditions through the implementation of structural changes is linked to its ability to effectively generate economic growth. The need to know the intensity and direction of favourable structural changes is of key importance for achieving their high efficiency. In the article, a critical analysis of the different structural economic policies is made, taking into account the consequences of implementing the ones that are not in line with the real economic circumstances. Examples of so-called premature deindustrialisation as a result of inadequate structural policy are also considered. In conclusion, the vision of the role of the state in the conduct of a structural economic policy to achieve favourable economic results is presented.

scholarly journals Indonesia, Malaysia, and Thailand: New Administrations, New Policies, New Performance?

2006 ◽  
Vol 5 (3) ◽  
pp. 128-168
Author(s):  
Don Hanna
Keyword(s):  
Structural Changes ◽  
Economic Policies ◽  
Medium Term ◽  
Short Term ◽  
Role Of The State ◽  
The Government ◽  
New Policies ◽  
Open Question ◽  
Term Management

The administrations in Indonesia, Malaysia, and Thailand have all put in place economic policies designed to increase growth, reduce poverty, and improve governance. In Thailand, the government is taking a more activist role, a change from the previous, more hands-off approach. In both Indonesia and Malaysia, new policies reduce the activist role of the state, creating greater predictability and transparency. Better governance remains a key to growth, with many reforms within governments' reach. While many of the policies focus on the medium term, there is an acceptance of the need for prudent short-term management. The open question is whether progress on structural changes can persist when the short-term macroeconomic picture becomes more challenging.

scholarly journals Strengthening the role of public governance approaches to ensure sustainable economic growth

Upravlenets ◽  
2021 ◽  
Vol 11 (6) ◽  
pp. 15-27
Author(s):  
Mikhail Ershov ◽  
Anna Tanasova ◽  
Elena Sokolova
Keyword(s):  
Economic Growth ◽  
Structural Changes ◽  
State Regulation ◽  
Public Governance ◽  
Existing Problems ◽  
Role Of The State ◽  
The Government ◽  
Sustainable Economic Growth

The COVID-19 pandemic has formed a fundamentally new environment in both the global and Russian economies. The scale of problems that countries have to deal with significantly enhances the role of the state in the functioning of the economy and requires active government intervention to stabilize the situation and overcome the crisis. The article analyzes the role of state regulation and monetary authorities in the crisis environment in Russian and global economies. Methodologically, the study relies on the theory of institutionalism, Keynesian and neo-Keynesian economics, monetarism and industrialization. Qualitative methods of analysis, as well as retrospective and system-based methods and cross-country comparisons are applied in the research. The authors emphasize that the quality of these interventions is becoming increasingly important. In the Russian Federation, the economic situation is aggravated by the pre-existing problems, such as low business activity. We analyze the measures to support the Russian economy that are aimed, among other things, at the formation of long-term structural changes. Despite the fact that the introduction of the government approaches to counteract the crisis in 2020 will help to mitigate the current acute situation, they will not be able to lay solid foundations for further sustainable economic growth, since system-based mechanisms are still not provided for forming long-term affordable financial resources that are necessary for investment. The paper develops concrete approaches for providing the economy with long-term money, which embrace the formation of the resources on an internal basis amid the interaction of the Central Bank and the Ministry of Finance. We stress the powerful role of mechanisms for government departments’ coordination.

Economic Growth: New Problems and New Risks

2006 ◽  
pp. 20-37 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Foreign Exchange ◽  
Driving Force ◽  
Structural Changes ◽  
Rate Of Growth

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.

Determinants of regional and local development – their impact on socio-economic space

2019 ◽  
pp. 3-9
Author(s):  
Krzysztof Rejman ◽  
Roman Fedan
Keyword(s):  
Economic Growth ◽  
Local Development ◽  
Local Level ◽  
Local Policy ◽  
Economic Changes ◽  
Production Factors ◽  
Rational Planning ◽  
Local Resource Management

Processes of the expected spatial socio-economic changes arise as a result of rational planning and continuation of development at regional and local level. A three-tier division ofthe local self-government creates opportunities for engagement of community in the rational planning model and local resource management, as well as usage of production factors; for socio-economic growth and improvement in the quality of life of the residents. The aim of the article is to show the functional structure and role of local government units in formation of regional and local policy toincrease economic growth, while maintaining the environmental protection requirements.

Mexico's Pre-Revolutionary Reckoning with Railroads

1985 ◽  
Vol 42 (1) ◽  
pp. 1-28 ◽  
Author(s):  
Robert W. Randall
Keyword(s):  
Economic Growth ◽  
Economic Theory ◽  
Transportation Network ◽  
Underdeveloped Country ◽  
Role Of The State ◽  
Economic Interpretation ◽  
Short Run ◽  
Railway System ◽  
Economic Considerations

Economic considerations all but dominate recent historical writing in this country about the railroads of Mexico. Technical matters of construction and operation, as well as the role of the state in both, are touched upon, but economic interpretation, whether of the development of a railway system or of its impact on the nation, is the watchword if not catchword of most writing. Probably the leading example of the dominant approach is Growth against Development: The Economic Impact of Railroads in Porfirian Mexico (Northern Illinois University Press, 1981), by John H. Coatsworth, in which the author concludes that, while “the short run contribution of railroads to economic growth was large,” their longrun impact helped “to create the underdeveloped country Mexico has become.” Applying economic theory and measuring, Coatsworth in essence proves with numbers a case argued more elegantly in straight prose early in this century: that the application of a modern transportation network to a staple producing economy will do little more than extend and intensify the production system so as to increase the staple output.

scholarly journals Ideology and Pragmatism: Discourse Factors in Infrastructure Development in Indonesia’s Jokowi-JK Era

2019 ◽  
Vol 4 (2) ◽  
pp. 297
Author(s):  
Fredick Broven Ekayanta
Keyword(s):  
The State ◽  
Infrastructure Development ◽  
Economic Policies ◽  
Development Discourse ◽  
Dominant Discourse ◽  
Ernesto Laclau ◽  
Role Of The State ◽  
The Reformation ◽  
The Government

The discussion about development discourse in a country talking about how an idea affect economic policies. In Indonesia, the development discourse continues to change depending on the ruling regime. After the reformation, the dominant discourse is a neoliberal one that minimizes the role of the state in development. During the reign of Jokowi-JK, however, the role of the state strengthened. The government plans to build a massive infrastructure of the physical economy. The government legitimized its choice of action as the implementation of the Pancasila and Trisakti ideologies. Using the theories of Ernesto Laclau and Chantal Mouffe, this article argues that the state legitimizes its policies as implementing ideology by building infrastructure development discourse, but covers only pragmatic practices that occur. The practices themselves are pragmatic because the government ignored the fate and rights of citizens affected by infrastructure development.

scholarly journals The role of the state in creating green economy

2016 ◽  
Vol 7 (2) ◽  
pp. 207 ◽  
Author(s):  
Paulina Szyja
Keyword(s):  
Structural Changes ◽  
Global Scale ◽  
The State ◽  
Green Economy ◽  
Economic Downturn ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Is Implementation ◽  
Role Of The State

Since the crisis of the real economy in 2008, an intense discussion about the need for changes in the economy, supported by a number of declarations on the global scale, has been developed. The analysis of the causes and effects of the economic downturn and the challenges of the future have had a huge impact on this state of affairs. As a result, some states have taken action to remedy the situation. Many of them were aimed at structural changes in production, consumption and environmentally friendly investment. At the same time, the concept of "low carbon economy" and "green economy" gained importance. The aim of this paper is to present the role of the state in the economy in terms of creating conditions for a green economy. The thesis of the publication is: implementation of structural changes related with creating a green economy requires involvement of the state.

scholarly journals BUSINESS CYCLE – GROWTH NEXUS: A REVIEW

2015 ◽  
Vol 21 (3) ◽  
pp. 519-538
Author(s):  
Marinko ŠKARE ◽  
Daniel TOMIĆ
Keyword(s):  
Economic Growth ◽  
Business Cycles ◽  
Business Cycle ◽  
Economic Policies ◽  
Empirical Testing ◽  
Long Run ◽  
Cycle Growth ◽  
Complex Process ◽  
Theoretical Reasoning

Frequent reversals in business cycles pose the question whether country can achieve macroeconomic stability and/or economic growth by coordinating its economic policies. Thus, what is the role of economic policy within the short/long run in amplifying or dampening shocks? Business cycle – economic growth relationship is rather ambiguous and has, thus, attracted controversy. In this sense the (dis)belief that there indeed exists a relationship between the economic growth and business cycle, and their long-run convergence brings us to three important hypotheses that: (1) the evaluation of cycle-growth bond is inconclusive, (2) empirical testing of cycle synchronization is exaggerated and (3) the hypothesis of coupling/decoupling is ambiguous and can be misleading. Economic growth is a complex process and cannot be attributed to a single factor of observance hence this essay is just a tool of theoretical reasoning with firm grip on empirical circumstances that lead us to consider some issues that dwell the “growth economists” these days. Our study suggests a conclusion that discussions on the cycle-growth nexus are far from over, revealing us some remarkable confrontations within empirical domain.

scholarly journals Classical Eurasians on the civilizational identity of Russia

2021 ◽  
Vol 37 (2) ◽  
pp. 256-267
Author(s):  
Peter Ya. Tsitkilov ◽  
Keyword(s):  
Critical Analysis ◽  
Philosophical Methodology ◽  
Russian Society ◽  
Important Conclusion ◽  
Entire Area ◽  
Analysis Methodology ◽  
Role Of The State ◽  
The Russian Federation ◽  
Scientific Significance

Philosophical and world outlook understanding of the problem of civilizational identity of Russia acquires special relevance in connection with the preservation of the Eurasian civilizational breakdown that arose at the end of the 20th century. To prepare a new civilization project, it is important to use the theoretical legacy of prominent Russian thinkers, including the classics of Eurasianism. The purpose of the article is an objective analysis of classical Eurasianism, the comprehension of its most important provisions, taking into account the modern realities of Russian society. Using historical and philosophical methodology, critical analysis, methodology of civilizational theories, the author of the article substantiates the conclusion about the scientific significance of the Eurasian concept of civilizational identity of Russia. Its components are examined in a systematic form, such as the perception of Russia-Eurasia as a whole civilizational continent of an equal Europe, the idea of a “symphonic personality” in Eurasian culture, the idea of pan-European nationalism, the idea of establishing social justice, the provision on strengthening the religious element to strengthen the spiritual principle, etc. The article provides a critical analysis of some judgments of historical Eurasians, including their idea of absolutizing the role of the state, the theory of “potential Orthodoxy”, etc. An important conclusion of the article is the provision that Eurasianism is not a teaching hostile to the West, but a different non-Western scientific perception of the historical fate and civilizational development of Russia. Concrete examples substantiate the claim that it is necessary to distinguish fair criticism of classical Eurasianism from its simplified and largely biased assessments. The author of the article concludes that understanding the heritage of the classics of Eurasianism is necessary to develop a social project for the cultural and civilizational revival of the Russian Federation and the entire area of Northeast Eurasia.

scholarly journals Economic growth and structural adjustment in transition (the case of the czech republic)

1999 ◽  
Vol 8 (4) ◽  
Author(s):  
Anna Kadeřábková
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Policy Making ◽  
Structural Adjustment ◽  
Structural Changes ◽  
Transition Process ◽  
Structural Policy ◽  
The Czech Republic ◽  
Alternative Approaches ◽  
Basic Alternative

The paper describes the problems of structural changes and structural policy within the framework of the relation between economic growth and structural changes, with attention given to the explanation of the principal growth and restructuring functions and their agents in the transition process. The basic alternative approaches to structural policy and their limits in achieving the designed goals are presented, including more general problems accompanying the structurally oriented economic policy-making. The paper is concluded with consideration of structural policy priorities in the transition process, and in support of adjustment capacity, influencing the costs of necessary structural changes.

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