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.

GLOBAL TRENDS AND CHALLENGES WORLD ECONOMY

2021 ◽  
Vol 3 (9) ◽  
pp. 112-117
Author(s):  
L. V. AGARKOVA ◽  
◽  
T. G. GURNOVICH ◽  
M. G. RUSETSKY ◽  
I. M. PODKOLZINA ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
International Community ◽  
World Economic Forum ◽  
Global Trends ◽  
The World ◽  
World Economic ◽  
Financial Consequences ◽  
Definition Of ◽  
Statistical Indicators

This article examines the main global threats of 2021 presented at the World Economic Forum, namely, the economic risks that are most likely to affect the international community in the current year. The article also analyzed the financial consequences of the COVID-19 pandemic, which undoubtedly made ad-justments to the definition of the main global threats of our time. In addition, the risks were considered in relation to the current statistical indicators of the Russian and global economy.

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 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 The World Economic Forum in Davos: Poverty and Inequality of Income Distribution as Evil Phenomena of Modern World Development

2019 ◽  
Vol 12 (2) ◽  
pp. 49-58 ◽  
Author(s):  
V. V. Perskaya
Keyword(s):  
Developing Countries ◽  
Middle Class ◽  
Income Distribution ◽  
World Economy ◽  
State Policies ◽  
World Economic Forum ◽  
The World ◽  
World Economic ◽  
Expert Community

The subject of the research is the opinions of the expert community expressed during panel discussions at the World Economic Forum held in Davos in 2019 related to ways of eliminating poverty and disproportionality of income distribution in the world. The purpose of the research was to confirm the permanent commitment of the WEF expert community to the concept of neoliberalism, despite the fact that it was neoliberal values that exacerbated the development of poverty and disproportionality in income distribution as trends in the current global development. The research also proved the utopian nature of their recommendations for overcoming the negative phenomena. The position of the expert community at the World Economic Forum was reduced solely to the concept of the neoliberal mainstream — reducing the role of state regulation, establishment of global governance for a multilateral social contract at the level of an international organization capable of eliminating social inequality and income disproportionality in the world economy. Particular attention was paid to the lack of social elevators in developed and developing countries contributing to the poverty aggravation among the population. The documents of some international organizations indicate the need to intensify national state policies in the field of social support and social security. The paper discusses various aspects of national state policies in a number of countries aiming to gradually smooth out the level of social security of citizens along with supporting the middle class as the basis for stable development. For the first time, the problem of enhancing the role of non-profit public organizations in overcoming the income disproportionality and eliminating extreme poverty and destitution, especially in developing countries, was addressed at the level of interstate discussion. However, involving the poor in the work of these organizations seems to be challenging because the sources for funding their activities are not defined. It is concluded that globalization is the determining trend in the development of the world economy; the basic problems of globalization include poverty and disproportionality of income distribution both at the inter- and intracountry levels; there is a possibility of concluding a public multilateral agreement accumulating measures taken at the supranational level. The living conditions of the middle class are deteriorating, their incomes are decreasing. The USA policy “Make America great again” is aimed at raising the living standards of the middle class, i.e. the idea of the problem solution on the multinational basis is being rejected; the access to education, formation of social elevators, including those for young people, establishment of social protection systems, etc. are still beyond the attention of national governments in developed countries.

scholarly journals Level and quality of life in the context of the world economy

2021 ◽  
pp. 106-113
Author(s):  
Vera Shumilina ◽  
Aleksandra Lermontova
Keyword(s):  
Quality Of Life ◽  
United States ◽  
Economic Development ◽  
World Economy ◽  
The United States ◽  
Standard Of Living ◽  
Comparative Characteristic ◽  
The World ◽  
Similarities And Differences

The article considers such concepts as the level and quality of life, Describes the concept of the standard of living developed by the UN. The analysis is based on the rating of the level of countries compiled by the Legatum Institute. The influence of economic development of States on the standard of living of citizens is considered. A comparative characteristic of the standard of living in Russia and the United States is carried out, their similarities and differences in the criteria that determine the quality of life are revealed.

scholarly journals ASSESSMENT THE ADAPTABILITY OF THE WORLD ECONOMY TO THE GLOBAL MODERN CHALLENGES

2021 ◽  
Author(s):  
Yevhenii Yarushyn ◽  
Nataliia Skrypnyk
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
Extreme Weather Events ◽  
Main Trend ◽  
Economic Losses ◽  
World Economic Forum ◽  
Global Challenges ◽  
The World ◽  
World Economic ◽  
The Impact

The article examines the adaptability of the world economy to the global modern challenges. It was revealed that the main trend in the emergence of new challenges in the economy is the rapid spread of globalization processes, which have led to the elimination of many barriers in society. Modern trends make it impossible to perceive global challenges as a negative event that can lead to catastrophic consequences in the world economy. In fact, the emergence of such challenges is usually positive for the further development of the world, since they are the main driving force in contributing to the development of society and the environment that surrounds it. Defined the concept of global risks according to the methodology of the World Economic Forum and made their classification by categories and long-term. Global risks can lead to huge economic losses, which will negatively affect the development of the world economy. The World Economic Forum in its annual reports on global risks defines the concept of such risks – these are events that cause a significant negative impact on national economies and the most important industries of the countries of the world within 2-10 years from the moment of their manifestation. The most critical risks to the world have been found to be the spread of the COVID-19 pandemic, the manifestation of extreme weather events, youth frustration, the collapse of social cohesion and climate change. The analysis of the forecast of the growth of the gross domestic product in the world in 2021–2022, which showed that despite the negative growth in 2020, which was caused by the outbreak of the pandemic, in 2021 growth is projected in almost all countries of the world. It has been established that the modern intergovernmental system and international institutions are not capable of ensuring stable growth in the face of crisis phenomena. The development of a mechanism for anti-crisis regulation at the international level is proposed, which should become an effective tool in overcoming the goals that global challenges pose to the world. In addition to international cooperation, it is important to increase the contribution of the scientific and technological community in promoting solutions aimed at the future. Strong interactions between universities, governments, corporations and civil society can be an effective tool in minimizing the impact of future challenges, ensuring better risk management and adaptation.

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.

Corrupting activities and economic development

2015 ◽  
Vol 11 (1) ◽  
pp. 64-70 ◽  
Author(s):  
Beverlee B. Anderson
Keyword(s):  
Economic Development ◽  
Negative Impact ◽  
Organised Crime ◽  
Ethical Behaviour ◽  
World Economic Forum ◽  
Opinion Survey ◽  
Content Type ◽  
The World ◽  
Different Types ◽  
World Economic

Purpose – The purpose of this paper is to explore the relationships of different types of corruption and selected economic measures that appear to contribute to a country’s sustainable economic development. Design/methodology/approach – The research used selected data from the World Economic Forum Executive Opinion Survey on corruption activities (Irregular Payments and Bribes, the Diversion of Public Funds, Organised Crime, and Favouritism in Decisions of Government Officials) and Ethical Behaviour of Firms. The economic data (FDI, GDP, GDP Growth and Capital Formation among others) is from the World Bank database. A series of statistical models were developed to examine the relationships among different types of corruption and a country’s economic development. Findings – The findings are mixed, showing that some types of corruption have greater negative impact on specific aspects of economic development. Research limitations/implications – The research is limited by the availability of data from reliable sources and the availability of data on a limited number of corruption activities. Only four aspects of corruption are examined in this paper. Only selected aspects of a country’s economy were examined. The variables analysed in the study were not available for each of the 179 countries. Practical implications – A country may learn the types of corrupting activities that must be controlled to aid in the targeted growth of specific economic development, such as Direct Foreign Investment. Originality/value – This study builds on previous work by Anderson (2012, 2013) that used Transparency International’s Corruption Perception Index (CPI) as a global measure of corruption. This study, in contrast, uses the results of the World Economic Forum Executive Opinion Survey, to indicate the perceived level of different types (components) of corruption. By using more specific measure of corruption, there is a better understanding of the relationships between corruption and economic development.

Principles of Evolutionary Modernization of Transition Economies

2009 ◽  
pp. 85-96 ◽  
Author(s):  
E. Rustamov
Keyword(s):  
National Culture ◽  
Transition Economies ◽  
Transition Economy ◽  
World Economic Forum ◽  
Governance Mechanisms ◽  
Beneficial Use ◽  
Strategic Issues ◽  
The World ◽  
Comparative Advantages ◽  
World Economic

The article considers strategic issues of modernization of the transition economy. The analysis is based on the methodology of the World Economic Forum where special attention is paid to the sequence of the transformation stages. The main conclusion is that modernization should combine implementation of the governance mechanisms with the beneficial use of comparative advantages of the national culture. In fact, modernization of the transition economy should be evolutionary. It is precisely this course of development that is relevant for Azerbaijan which has successfully upgraded its economy in the recent years.

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