Underdeveloped Countries in the World Economy

2017 ◽  
pp. 37-72
Keyword(s):  
World Economy ◽  
Underdeveloped Countries ◽  
The World

From Reconstruction to the Post-War Boom

2018 ◽  
Author(s):  
José Antonio Ocampo
Keyword(s):  
Rapid Growth ◽  
World Trade ◽  
World Economy ◽  
Underdeveloped Countries ◽  
The World ◽  
History Of ◽  
The 1950S ◽  
Post War ◽  
War Experience ◽  
East West

This chapter reviews the early post-war history of the world economy as reviewed in the Survey. It first looks at the task of reconstruction, which the Survey considered to have been very successful. It then looks at the successful transition to rapid growth in the 1950s, though with persistent concern about the recurrence of crises. The evolution of the system of international trade and payments is analysed next, with world trade embarking in the 1950s on its major historical boom but showing from early on an East/West divide and greater difficulties in reconstructing the system of multilateral payments. Finally, the chapter looks at the early post-war experience of the ‘underdeveloped countries’, where poverty remained ‘as stubborn as ever’.

The Role and Importance of Tourism Sector in Economy of Kyrgyzstan

2018 ◽  
Author(s):  
Tolkun Zhumakunova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Exchange ◽  
World Economy ◽  
Tourism Industry ◽  
Balance Of Payments ◽  
Underdeveloped Countries ◽  
Tourism Sector ◽  
The World ◽  
Economic Developments

Since the second half of the 20th century tourism has become one of the fast developing and expanding sectors in the world economy. The tourism sector plays an important role in alleviating issues related with the balance of payments, reducing unemployment, creating tax incomes and contributing to economic developments by providing a large foreign exchange inflow to the country, therefore, we can say that this sector has larger impact on economic growth than other sectors. As it is in developing and underdeveloped countries, in Kyrgyzstan the tourism industry is one of the most important sectors in the economy. The tourism sector in Kyrgyzstan plays an important role in in economic development by reducing the level of unemployment and generating the income by providing mass foreign exchange inflow to the country. In this context the aim of this paper is to analyze the role and importance of tourism in Kyrgyzstan’s economy by using methods of statistical analysis. The results show that the total number of tourists coming to Kyrgyzstan, thus the tourism revenues increased. In other words, when tourism revenues increase, this fosters economic development, by receiving a larger share of tourism revenues. In this study, the literature review method was used.

International Monetary Fund

1958 ◽  
Vol 12 (2) ◽  
pp. 223-224 ◽  
Keyword(s):  
International Monetary Fund ◽  
World Economy ◽  
Balance Of Payments ◽  
Short Term ◽  
Underdeveloped Countries ◽  
International Bank ◽  
Board Of Governors ◽  
The World ◽  
General Aspects ◽  
The International Monetary Fund

The twelfth annual meeting of the Board of Governors of the International Monetary Fund was held jointly with the Board of Governors of the International Bank for Reconstruction and Development in Washington D.C., September 23–26, 1957, under the chairmanship of Miguel Cuaderno, Sr. Per Jacobsson, Managing Director, reviewed the activities of the Fund during the previous year. Emphasizing that the Fund's assistance was of a short-term nature and designed to enable countries to adopt and carry out, within a limited period of time, programs to restore stability to their economies, Mr. Jacobsson stated that the Fund was being used to help countries meet emergency needs, ease strain in the balance of payments, meet temporary exchange difficulties, and fulfill stabilization programs. Mr. Jacobsson went on to discuss various problems encountered in connection with the Fund's activities and cited, inter alia, multiple currency practices, Fund liquidity, and, in connection with general aspects of the world economy, inflation, relative values of currencies, and financing for underdeveloped countries.

Russia and China: The Vector of Development of Economic Cooperation

2004 ◽  
pp. 113-122
Author(s):  
L. Kabir
Keyword(s):  
World Economy ◽  
Economic Cooperation ◽  
Point Of View ◽  
Basic Commodity ◽  
The World ◽  
Economic Ties

This article considers the basic tendencies of development of trade and economic cooperation of the two countries with accent on increasing volumes and consolidating trade and economic ties in Russian-Chinese relations. The author compares Russian and Chinese participation in the world economy and analyzes the counter trade from the point of view of basic commodity groups.

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.

Two Years after the Crisis: Do Risks of the Second Wave Become Stronger?

2011 ◽  
pp. 4-20
Author(s):  
M. Ershov
Keyword(s):  
High Risk ◽  
World Economy ◽  
External Shocks ◽  
Global Imbalances ◽  
Russian Economy ◽  
The World ◽  
The Future ◽  
Second Wave

With signs of normalization seemingly in place in the world economy, a number of problems show the possibility of aggravation in the future. The volume of derivatives in American banks grows significantly, high risk instruments are back in place and their use becomes more active, global imbalances increase. All of the above requires thorough approaches when creating mechanisms which can neutralize external shocks for the Russian economy and make it possible to develop in the new post-crisis environment.

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.

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