scholarly journals Structural transformation of the economy: practical aspects

2021 ◽  
pp. 19-27
Author(s):  
A. T. Abdikarimova ◽  
G. B. Aimagambetova
Keyword(s):  
World Bank ◽  
Structural Transformation ◽  
World Economy ◽  
Service Sector ◽  
Structural Changes ◽  
Rapid Change ◽  
Great Influence ◽  
The World Bank ◽  
The World ◽  
The Impact

The purpose of the article is to consider the practical aspects of the structural transformation of economy. Over the past few decades, absolutely all national economies have undergone structural changes, regardless of their size, economic system and all other political or economic differences. The transformation of structures was associated with many factors, including institutional changes, technological changes, the widespread introduction of the results of scientific and technological progress, globalization and integration processes. At the same time, it should be noted that not all structural changes had a positive effect for all countries, even though the changes had almost the same trend of growth in the share of the service sector, a decrease in the share of agriculture and manufacturing. This article is an attempt to systematize the main trends and consequences of structural transformations in the world. The authors put forward the hypothesis that the world economy tends to “servicization” and deindustrialization, which has dialectical significance for the world economy. To assess the structural changes, we analyzed the data of the World Bank to study the dynamics of changes in the sectoral structure of the countries of the world in the period from 1990 to 2019. A very great influence on these processes was exerted by globalization, which through its mechanisms made possible a rapid change in industry proportions not only in the developed world, but also in developing countries, while forming a global trend of “servicization” of the economy. The authors tried to conduct a comparative analysis of the impact of each economic sector on GDP using a regression model based on panel data from more than 180 countries of the world presented by the World Bank.

scholarly journals Do Democratic Economies Grow Faster? The Case of Asia vs. the EU

2018 ◽  
Vol 14 (2) ◽  
pp. 115
Author(s):  
Samuel D. Barrows
Keyword(s):  
World Bank ◽  
Capita Income ◽  
Time Frame ◽  
Per Capita Income ◽  
The World Bank ◽  
The World ◽  
Per Capita ◽  
Economic Growth Rates ◽  
The Impact ◽  
The Eu

The dynamics of the five fastest growing GDP per capita economies in Asia and the EU are studied between 2010 and 2014. This time frame was selected in order to avoid the height of the 2008-2009 financial crisis, but to include the stimulus and recovery periods which occurred afterward. The intent was not to compare the recoveries or the impact of the stimulus programs. The intent was to compare the economic growth rates of the two groups and also the absolute per capita income along with five topic areas on economies including: configuration, utilization, investments, demographics, and outcomes. A total of twenty measurements are used for assessment from the World Bank databank website. The findings are that the Asian economies grew faster while the EU economies had a higher per capita income. The workforces of the Asia economies are also younger and more flexible whereas the workforces of the EU economies are older, but more educated. Discussions include the links between effective governments and economic development and the links between democracy and economic levels.

On the Brain Drain of Africans to America: Some Methodological Observations

2006 ◽  
Vol 5 (3) ◽  
pp. 155-162 ◽  
Author(s):  
F. Nii-Amoo Dodoo ◽  
Baffour Takyi ◽  
Jesse Mann
Keyword(s):  
Human Capital ◽  
World Bank ◽  
Brain Drain ◽  
Developed Countries ◽  
Accounting System ◽  
The World Bank ◽  
The World ◽  
Relative Comparisons ◽  
The Impact ◽  
The Brain

AbstractRecurring debates about the impact of the brain drain— the developing world's loss of human capital to more developed countries—has motivated estimation of the magnitude of the phenomenon, most recently by the World Bank. Although frequently cited as a key contributor to Africa's wanting development record, what constitutes the "brain-drain" is not always clearly defined. Today, in the absence of an accounting system, resolution of the definitional and measurement question depends on relative comparisons of measurement variants, which will identify definitional shortcomings by clarifying the merits and demerits of these variants, and thereby suggest corrective imputations. This paper compares the World Bank's approach to a chronological precedent (Dodoo 1997) to clarify the value of variant comparisons. The resultant implications for corrections are also discussed.

THE INTELLECTUALIZATION OF WORLD ECONOMY: ASSESSMENT OF KNOWLEDGE ECONOMY SYMPTOMS

2015 ◽  
Vol 1 (1) ◽  
pp. 61-67
Author(s):  
Andriy Valyukh
Keyword(s):  
World Bank ◽  
Knowledge Economy ◽  
World Economy ◽  
Knowledge Assessment ◽  
Assessment Methodology ◽  
Special Program ◽  
The World Bank ◽  
The World ◽  
Program Knowledge ◽  
Comprehensive Indicator

The main indicators of the knowledge economy in Ukraine and abroad have been investigated. Studied a comprehensive indicator of overall knowledge economy index, which characterizes the level of development of an economy based on knowledge, in countries and regions of the world. He developed in 2004 by the World Bank as part of a special program "Knowledge for Development" in order to determine the ability of countries to create, receive and impart knowledge. The calculation of the Index is based on "Knowledge Assessment Methodology", which includes a set of 109-lei exponents combined into four main groups. Ways of improving the efficiency of the intellectualization of the world economy.

Prospects for the global economy in 2017

2016 ◽  
Keyword(s):  
World Bank ◽  
Global Economy ◽  
World Economy ◽  
Average Growth ◽  
New Normal ◽  
Content Type ◽  
The World Bank ◽  
Factors Influencing ◽  
The World ◽  
Downward Spiral

Subject Prospects for the global economy in 2017. Significance The IMF, the OECD and the World Bank see the world economy growing by about 3.0% next year, little changed from its 2012-16 average growth but down from the 5.1% average achieved during 2003-07. Factors influencing the outlook include weak trade and poor productivity along with high debt levels and policy limitations: these feed into each other, creating a downward spiral of growth expectations. Nonetheless, many economies are well placed to cope with this 'new normal'.

Global Crisis as a Consequence of Structural Changes in Economy

2009 ◽  
pp. 31-41 ◽  
Author(s):  
V. Danilov-Danilyan
Keyword(s):  
World Economy ◽  
Service Sector ◽  
Structural Changes ◽  
Oscillation Amplitude ◽  
Financial Economic ◽  
Real Sector ◽  
Economic Cycle ◽  
External Effects ◽  
The World ◽  
World Economic

The paper analyzes changes in the structure of the real sector of world economy that have increased economic instability and made the Keynesian methods inapplicable for suppressing the oscillation amplitude in economic cycle. The abrupt expansion of two segments in the service sector is noted: the debt derivatives market and entertainment industry. The global financial-economic crisis that started in 2008 cannot be attributed to the processes in the financial sphere alone it serves as a manifestation of general civilization crisis. Measures, analogous to the internalization of external effects, are proposed to mitigate the adverse impact of the hypertrophic development of new segments in the service sector on the world economic system and the civilization as a whole.

Sign in / Sign up

Export Citation Format

Share Document