Contemporary World Economy and Russia

2003 ◽  
pp. 45-60
Author(s):  
V. Kudrov
Keyword(s):  
Economic Growth ◽  
Transition Economies ◽  
Great Recession ◽  
World Economy ◽  
Economic Indicators ◽  
Contemporary World ◽  
The World ◽  
World Economic ◽  
Main Factors ◽  
Globalized World

The author analyses the forecast of the world economy performance provided in the early 1970s by the UN group of experts under W. Leontief leadership and compares it with contemporary world economic indicators. The conclusion is that the forecast was too optimistic: the world economy didn't manage to reach the suggested rates of economic growth. Russia and other transition economies suffered of great recession in the 1990s but now are stepping on the path of economic growth based on integration in the globalized world economy. One of the main factors of achieving that goal is WTO accession.

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.

scholarly journals Information Technology and the World Growth Resurgence

2007 ◽  
Vol 8 (2) ◽  
pp. 125-145 ◽  
Author(s):  
Dale W. Jorgenson ◽  
Khuong Vu
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
World Economy ◽  
It Investment ◽  
The World ◽  
World Economic ◽  
Per Capita ◽  
The Impact ◽  
Capita Output ◽  
World Output

Abstract This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia.

Economic Growth Sustainability in the Present-Day World

10.12737/5964 ◽  
2014 ◽  
Vol 2 (5) ◽  
pp. 35-40
Author(s):  
Басовская ◽  
Elena Basovskaya ◽  
Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Sustainable Growth ◽  
Theory Approach ◽  
African Countries ◽  
The World ◽  
World Economic ◽  
National Economies ◽  
North African Countries ◽  
Economic Growth Rates

The paper attempts to explore how sustainable is the growth of the world economy as a whole, of the largest regions of the world, of communities and individual national economies by applying the systems theory approach based on assessing dispersion of economic growth rates, calculated on the basis of IMF data for the 1970–2013 period. It is found that the world economic crisis is over. The world economy, as well as economies of the majority of regions, communities and nations all show sustainable growth. Economies of North African countries, of many European Union member states and of Norway show unsustainable growth. The current policy of imposing sanctions on Russia can result in recession in the EU countries and in Norway in the first place.

Impact of Weightless Capital on the Pattern of Economic Growth and Employment

2003 ◽  
Vol 7 (1) ◽  
pp. 99-111
Author(s):  
Raj Agrawal
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Structural Adjustment ◽  
New Technologies ◽  
Total Output ◽  
The World ◽  
The Face ◽  
Short Run ◽  
World Economic ◽  
The Impact

The defining feature of current world economic growth is the increasing scope of weightless capital in the composition of total output. It is currently debated among economic pundits to prophesy that the weightless capital is dramatically altering the structure of the world economy by increasing the higher level of economic growth in the era of liberalization and globalisation. Furthermore, It is also argued, new technologies will alter the structure and composition of total output. This may lead to an inexorable rise in unemployment in the world. Although there is not sufficient long-term empirical evidence that unemployment, at the aggregate level at least, is caused by technological changes resulting due to the impact of weightless capital. Although in the short run, there may be increase in unemployment but this is purely because of structural adjustment. In India's case this may not be because of only increasing role of weightless capital but presence of certain other factors vis-a-vis lesser investment in agriculture etc. Even though globalized and weightless activities have become increasingly important, they do not pose insurmountable threats to the world economy. The overall message may be an optimistic one: inequality and unemployment need not rise in the face of competition from the developing world in response to technological change. However, government policy can play a major role in promoting adjustment to change.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

Kazakhstan’s Economic Growth in the Context of the World Economy

2006 ◽  
pp. 133-146 ◽  
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
World Economy ◽  
World Ocean ◽  
Direct Access ◽  
Crude Petroleum ◽  
Nation States ◽  
The World ◽  
The Relationship

Kazakhstan’s economic policy results in 1995-2005 are considered in the article. In particular, the analysis of the relationship between economic growth and some indicators of nation states - population, territory, direct access to the World Ocean, and extraction of crude petroleum - is presented. Basic problems in the sphere of economic policy in Kazakhstan are formulated.

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.

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.

A Long Stagnation, or Capitalism without Growth

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Great Recession ◽  
World Economy ◽  
Economic Stability ◽  
Secular Stagnation ◽  
The Great Recession ◽  
The Past ◽  
The World ◽  
History Of ◽  
Growth Prospects

Chapter 11 assesses the growth prospects of the world economy. The history of global economic doomsaying is traced briefly, a frequently reasonable position that has not done well with the facts for the past hundred years. Capitalism has been adept at escaping from the pit and pendulum. A set of global imbalances is then reviewed that are seen as posing a severe threat to global economic stability and certainly to the prospects for sustainable and equitable growth. The Great Recession following the Crash of 2007–8 might be “different this time.” Historical and contemporary fears of “secular stagnation” are discussed but the speculative nature of stagnationist assessments is acknowledged.

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