STATE REGULATION OF THE ECONOMY OF INDONESIA DURING ECONOMIC CRISES OF 1997-98 and 2008-09

2017 ◽  
Author(s):  
Peter Krasnopyorov ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Crisis ◽  
Economic Reforms ◽  
State Regulation ◽  
Gdp Per Capita ◽  
Economic Crises ◽  
The World ◽  
World Economic ◽  
Per Capita

The article is analyzing the models of state regulation of the economy of Indonesia throughout the Asian financial economic crisis of 1997-98 and the World economic crisis of 2008-09 and the effects on the national economy of Indonesia. The statistics of economic development (GDP and GDP per capita and other social and economic indicators) of Indonesia are analyzed and several graphs and tables have been created for the scientific research purposes. According to the research data, it has been proved that Indonesia has been constantly improving its major economic indicators (like GDP per capita, especially in comparison to the world average level) showing 5-7% rate of economic growth, only with the exception of the period of the Asian financialeconomic crisis of 1997-98, when the country’s economy was hit hard by the crisis. Throughout the article the comparative analysis of successes and failures of different models of state regulation during the economic crises of 1997-98 and 2008-09 is given. The article provides a comparative table of the model for the management of the economy in Indonesia throughout the two crises periods. The experience of Indonesia indicates that the correct and responsible, effective macroeconomic policy of the government during the world economic crises has very important meaning for the national economy of the respective country. The experience of Indonesia in successful overcome and avoiding of the international crisis of 2008-09 – is interesting and useful for the governments, committees and ministries of economic development, as well as for economists in Ukraine and other countries of the world. Unfortunately, all the economic reforms that have been implemented in Ukraine over the last 30 years have not produced the desired result. In Ukraine, in contrast to Indonesia, no high levels of economic growth were observed during the recent 30 years. In the process of 1990s economic reforms in Ukraine, there was a sharp decline in production and a great portion of the working-age population was forced to leave the country in search of better-paid jobs abroad. On the other hand, through sound economic policies, Indonesia has been able to make significant strides in creating a modern, powerful economy throughout the recent 30-40 years. At the moment the GDP of Indonesia is the 7th largest in the world (behind Germany and Russia and before Brazil).

History of Turkey's Economic Crises

2017 ◽  
pp. 318-332
Author(s):  
Hakan Ay ◽  
Öznur Uçar
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
Economic Crises ◽  
Advanced Economy ◽  
Development Stages ◽  
Turkish Economy ◽  
The World ◽  
The Future ◽  
History Of ◽  
World Economic

Examine the history of Turkey's economic crisis based economy will give clues for a much better economy. For 92 years, history of Turkey Republic has experienced the development stages of democracy and economy. Turkey has completed the journey of economic development as the most advanced economy in the world, although began as an undeveloped country. Turkey has been affected from the global and regional crises and overcame the nine economic crises. The implemented economic crisis policies showed parallelism with the trend of the world economic thoughts and has been shaped around Keynes and Friedman applications. All these details have been described in our study chronologically. With our study, we were trying to portray the Turkish economy's yesterday and today. Thus, we believe that our study will create data for predicting the future of the Turkish economy and the future of the world of economy.

scholarly journals Using fuzzy logic for evaluating the level of countries’ (regions’) economic development

2012 ◽  
Vol 59 (3) ◽  
pp. 293-310 ◽  
Author(s):  
Gordan Stojic
Keyword(s):  
Mathematical Model ◽  
Economic Development ◽  
Fuzzy Logic ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Industrial Growth ◽  
The Poor ◽  
The World ◽  
Level Of Economic Development ◽  
Per Capita

There are several divisions of countries and regions in the world. Besides geo-political divisions, there also are economic divisions. The most common economic division is the that on developed countries and the poor ones. These divisions are a consequence of the level of: GDP, GDP per capita, unemployment rate, industrial growth, and so on. The question is how to define a mathematical model based on which the following will be assessed: who is rich and who is poor, or who is economically developed and who is not? How the boundaries of transition from one category to another can be defined? This paper presents a model for evaluating the level of economic development of countries and regions using "fuzzy" logic. The model was tested on a sample of 19 EU member countries and aspirants for membership.

scholarly journals The influence of demographic factors on the economic development of the Azerbaijan: the interconnection problem

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Saleh Nagiyev
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Economic Development ◽  
18Th Century ◽  
Demographic Factors ◽  
Gdp Per Capita ◽  
Gdp Growth ◽  
World Population ◽  
Per Capita ◽  
The Impact

Demographic factors have sometimes occupied center-stage in the discussion of the sources of economic growth. In the 18th century, Thomas Malthus made the pessimistic forecast that GDP growth per capita would fall due to a continued rapid increase in world population. There is a straightforward accounting relationship when identifying the sources of economic growth: Growth Rate of GDP = Growth Rate of Population + Growth Rate of GDP per capita, where GDP per capita is simply GDP divided by population. This article examines the interconnection between economic development and the demographic policy of Azerbaijan. The article analyzes various approaches of the impact of demographic factors on the economic development of a country. The following demographic factors have been identified and described as significant for the economic development: fertility dynamics, mortality dynamics, population size and gender and age structure.

Indo-Pacific Economic Architecture: An ASEAN Perspective

2019 ◽  
Vol 113 ◽  
pp. 381-383
Author(s):  
Ronald Eberhard Tundang
Keyword(s):  
Economic Growth ◽  
Gross Domestic Product ◽  
Gdp Per Capita ◽  
The Third ◽  
The Pacific ◽  
The World ◽  
The Pacific Ocean ◽  
Per Capita ◽  
Trade Growth ◽  
Global Economic Growth

For over five decades, countries in Southeast Asia and its surroundings in Asia, the Pacific Ocean, and Pacific Rim have enjoyed peace and stability, upon which economic growth and welfare have accumulated. The marvel of uninterrupted development has transformed them into a group of countries that are part of the engines of global economic growth. Over the period of 1967 until 2017, Southeast Asian region recorded growth in gross domestic product (GDP) per capita almost thirty-three times bigger, from USD 122 to USD 4,021. In 2016, the region represented 6.2 percent GDP of the world in 2016, almost doubled the share in 1967 at just 3.2 percent. The period also saw an immense trade growth from USD 9.7 billion to USD 2.2 trillion. Right now the region has become the third largest economy in Asia and the fifth largest in the world.

scholarly journals Municipal budgets under conditions of economic crises in Russia

2018 ◽  
Vol 50 ◽  
pp. 01219
Author(s):  
Timergaziz Gabidullovich Sadykov ◽  
Razifa Raisovna Stepanova
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Community ◽  
Economic Crises ◽  
The World ◽  
World Economic ◽  
Municipal Level ◽  
Budget System

The modern stage of Russia’s integration into global community has led to its great dependence on global economy. Russia has become a part of global economy. As all the countries are involved in the world economic functions the size and the consequences of global financial and economic crisis is becoming more and more meaningful for Russian economics as well. The objective of the present paper is to study the general impact of the crisis on Russian budget system and the special impact on the municipal level. The authors consider important to analyse the papers of various economists.

MAIN DIRECTIONS OF UKRAINE SOCIO-ECONOMIC DEVELOPMENT AND WAYS OF THE ECONOMIC CRISIS OVERCOMING

2017 ◽  
Author(s):  
Oleksii Svistunov ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic Crisis ◽  
Policy Instruments ◽  
State Level ◽  
State Regulation ◽  
Influential Factors ◽  
New Paradigm ◽  
Systematic Analysis ◽  
Socio Economic Development

The article identifies the prerequisites, features and highlights the problematic aspects of socio-economic development of Ukraine, conducted a systematic analysis. The necessity of state regulation of transformation processes in the sphere of economy in the conditions of economic crisis is substantiated. It is noted that the protracted economic crisis in the country indicates the dominance of economic problems over many political problems, as well as their simultaneous interconnection and destructive impact on the restorative proportions between production and consumption. Among the many influential factors on the construction of a modern socio-economic system of investment, institutional factors, cluster associations and the development of information systems as complex polysystemic socio-economic entities. It is theoretically substantiated that clusters can be considered a new type of production and economic model, built on the interaction and cooperation of industrial, commercial enterprises, financial and credit and educational and scientific institutions. It is determined that in recent decades, many countries around the world are developing cluster strategies aimed at integrating financial and intellectual capital and realizing the competitive advantages of the national economy. The importance of transformations in the cultural and ideological sphere, which involve changes in the values of public consciousness, the formation of a new paradigm of humanitarian development, which is to abandon the ideology of consumption and affirm new values to balance production and demand. Public policy instruments should be aimed at removing obstacles to the formation of clusters, improving infrastructure, simplifying the mechanism for attracting sources of funding and foreign investment, and removing restrictions on the introduction of innovations. It is a comprehensive approach to solving the problems outlined at the state level that will be the key to successful modernization of Ukraine's economy and building its own model of economic growth. The key areas for improving the efficiency of management of socioeconomic processes in Ukraine, which will ensure the implementation of the model of stabilization and economic growth of the country in the near future.

Energy consumption and economic development in Guangdong, China: Distribution, relationship and causes

2021 ◽  
Author(s):  
Mengmeng Hu ◽  
Yafei Wang ◽  
Beicheng Xia ◽  
Guohe Huang
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Energy Consumption ◽  
Energy Intensity ◽  
Hot Spot ◽  
Generalized Method Of Moments ◽  
Gdp Per Capita ◽  
Per Capita ◽  
The Pearl River ◽  
Panel Vector Autoregression

Abstract Analysing the relationship between energy consumption and economic growth is essential to achieve the goal of sustainable development. We employ hot spot analysis to discover the spatial agglomeration of GDP per capita and energy intensity in Guangdong, China, from 2005–2018. Furthermore, panel vector autoregression coupled with a system generalized method of moments is performed to examine the dynamic causal relationship between energy consumption and economic growth under the framework of the Cobb-Douglas production function. Using a multivariate model and grouped studies based on the differences in regional economic development, we show that the GDP per capita of the Pearl River Delta (PRD) is significantly higher than that of the peripheral municipalities. However, energy intensity shows an entirely different spatial distribution. The development of the regional economy depends on its own “assembling effect”. GDP explains approximately 68.3% of the total variation in energy consumption in the PRD and only approximately 34.5% of that in the peripheral municipalities. We do not confirm Granger causality between energy consumption and economic development. Guangdong can decrease its energy consumption growth without substantially sacrificing its economic growth. The analysis framework of this paper has significant implications for regions in balancing economic development and energy consumption.

1. Hope

2017 ◽  
pp. 1-10
Author(s):  
Craig Jeffrey
Keyword(s):  
Information Technology ◽  
Foreign Policy ◽  
Middle Class ◽  
Social Inequalities ◽  
Economic Reforms ◽  
Gdp Per Capita ◽  
Major Power ◽  
The World ◽  
Global Player ◽  
Per Capita

India is the fastest growing major economy in the world with a large and rapidly growing middle class. It has established an identity as a major power in terms of Information Technology and has become a global player in terms of foreign policy. Despite this, however, India has a GDP per capita below that of Sudan. Economic reforms in India have widened social inequalities across the subcontinent. Poverty, inequality, and exclusion in contemporary India are the norm for many ordinary Indians. But there is hope. These hopes are not only economic, but also social and political—people have an awareness of rights and their entitlements as citizens.

scholarly journals WORLD EXPERIENCE IN FORECASTING AND PLANNING SOCIO-ECONOMIC DEVELOPMENT IN THE PROCESS OF DEVELOPING A "WELFARE STATE"

2021 ◽  
Author(s):  
Serhii Shcherbak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Welfare State ◽  
Market Economy ◽  
State Regulation ◽  
Negative Consequences ◽  
Use Of Resources ◽  
The World ◽  
Socio Economic Development ◽  
Sustainable Economic Growth

The article discusses the objective need to use the world experience of forecasting and planning in the process of developing a "welfare state" as an effective model for the modern development of a socially oriented market economy. The denial and lack of planning and forecasting of the economy on the scale of the country can lead to such negative consequences as uncertainty of the benchmarks of social and economic development of society for the long term and the development of chaos in the country; priorities of the decision short-term and current problems before strategic tasks on which the future development of society depends; preservation of playback modes; incomplete and inefficient use of resources; the emergence of crisis situations, etc. The practice of the leading countries of the world and the results they get prove that planning and forecasting are objectively necessary tools for the development of the modern market economy. The experience of many countries of the world testifies to the effectiveness of the use of these tools of state regulation of national socio-economic development. Features of forecasting and planning are considered in the representative countries of three existing systems of planning and regulation in the world: North American (USA and Canada); Asian (Japan and South Korea); European (France and Sweden). The forecasting and planning tools are based on the intersection balance model, which involves the inclusion of market impact (equilibrium prices) to determine the proportions of the plan and reflects the dynamics of production links (processes of public reproduction) of the national economy for several years. In the 21st century, strategic planning for the effective development of the state's economy is a prerequisite for sustainable economic growth and the formation of a national model of "welfare state" on this basis. Today, developed (post-industrial) countries use planning and forecasting, which have established themselves as an objective and natural tool for the modern market economy, where the role of the state is based on indicative planning, which ensures the achievement of sustainable economic growth to improve the well-being of the nation.

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