scholarly journals Some Considerations on the Issue of Economic and Social Sustainability

2021 ◽  
Vol 13 (2) ◽  
pp. 97
Author(s):  
Giovanni Antonio COSSIGA
Keyword(s):  
Economic System ◽  
Global Economy ◽  
Point Of View ◽  
Economic Systems ◽  
Core Inflation ◽  
The Core ◽  
A Value ◽  
Global Economic Growth ◽  
The Stability ◽  
Development Course

To be implemented and analyzed, according to the good rules of relationship with nature, sustainability must be equipped with a theoretical scheme able of helping to understand the dynamics of this relationship together with the opportunities offered to improve the development of the economic system. Essentially, it’s about acknowledging that, just like physics, also the economy is subject to some general and abstract laws. This is the case of the core inflation value, defined by Central Banks as a value close to 2%. So, if the economy moves along the track indicated by this value, we have confirmation that growth is regularly developing. This core inflation value is implicitly defined without a clear specification. We can therefore admit that it’s an ideal value like the great universal constants, which reports about an economic system that develops according to the rules of natural compatibility. According to this point of view, the core inflation close to 2% is essentially a utopia, because it can only be achieved if the global economic growth moves in full accordance with the nature around us. It follows that even if we can verify on field the realization of a base value close to 2%, actually we are not in the best conditions, especially if the global economy is suffering from deflation as today. The deflation, that is the tendency of prices to fall, is part of the complex messages sent by the nature and economic systems to signal that the economy is not doing well and has become unstable. Both inflation and deflation are messages that never contribute to the economic development course, but they are born and evolving in parallel with the appearance of the economic cycle in daily activity. In summary, a mechanism that has the responsibility, by imposing pauses on the system, to reduce the instability of the systems and to facilitate the return to the natural development condition. A correction system based on the economic conjuncture that obviously distinguishes the stability by the way that the economy grows and develops in a linear and constant inclination depending on differentials.

scholarly journals The Sustainability Issue; What Meaning for the Economic and Human Activity?

2020 ◽  
Vol 7 (3) ◽  
pp. 1
Author(s):  
Giovanni Antonio COSSIGA
Keyword(s):  
Global Economy ◽  
Point Of View ◽  
Economic Systems ◽  
Formal Aspect ◽  
Monetary Policies ◽  
Economic Support ◽  
Sustainability Issue ◽  
Thing In Itself ◽  
Sustainability Theory ◽  
The Stability

The sustainability issue, understood as a good relationship between humankind and nature, can offer the opportunity to analyze certain aspects of the economic theory. If we admit that the stability in economy is a natural condition for linear growth and instead the conjuncture is a trouble for growth due to the loss of natural balance, some consequences will follow. The long fight against instability has not been won, always struggling between inflation and deflation. It follows that the fight against inflation first and then deflation couldn’t counter the real malaise of the global economy: the instability. That is the deviation of economic systems from the natural path of balance with nature. Therefore, the results obtained struggling with monetary alterations, although significant, would be temporary and unable to solve the core of the matter. It follows that the economic support policies have essentially addressed the formal aspect, I would say just indicative of the imbalance, without obtaining stable results in the natural balance recovery. From this point of view, the interventions of fiscal policy, despite some good tests obtained by trying to reduce the strength of the 2008-2010 financial crisis, have not solved however the poisonous aftermath of deflation. Moreover, during the last decade, the health of global economic systems has always required, to be maintained, a defense in the form of supporting policies through neo-Keynesian interventions. And not only that. Because the monetary policy used all its weapons, even unconventional ones, to defeat deflation: nonetheless, it didn’t achieve anything but just a mitigation of phenomena. Always provided, anyway, that the wave of new liquidity continues, as requested by the markets. The point is therefore which is the exit strategy from this situation, considering that the progressive exhaustion of the resources of fiscal and monetary policies sets the expectation of a potential progressive recession on a global basis. Well, according to the sustainability theory the recession is not a bad thing in itself, but it’s rather a cure whose impact we must learn to measure, having the view to mitigate the most negative social effects.

World 2021: Pandemic and economic problems remain acute

2021 ◽  
pp. 5-20
Author(s):  
M. V. Ershov
Keyword(s):  
Economic System ◽  
Global Economy ◽  
Large Scale ◽  
Real Economy ◽  
Economic Problems ◽  
Support Measures ◽  
Long Time ◽  
Digital Money ◽  
Successful Business ◽  
The Stability

The global economy continues to grow, albeit mainly due to large-scale support measures from governments and regulators. Moreover, the latter are not sure about the prospects for such development, since the economies do not demonstrate the potential for independent growth. As a result, in order to stimulate it, regulators are forced to expand the range of their tools, mechanisms, approaches, otherwise the risks to the stability of the global financial and economic system increase. All this is happening against the background of negative rates, which have become virtually ubiquitous and persist for a long time. New growth records are being set in the stock markets, and their gap from the real economy is growing. A number of sectors are beginning to dominate, forming distortions and bubbles in the markets. In such conditions, the importance of digital money, ecosystems, etc. increases. Moreover, the faster and more efficiently regulators can integrate into these formats, the more successful business, the population, and the economy as a whole will be.

scholarly journals MACROECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT OF THE ECONOMY

2019 ◽  
pp. 108-115
Author(s):  
S. A. Bakhodurova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Economic System ◽  
State Policy ◽  
Business Environment ◽  
Economic Systems ◽  
Gross Regional Product ◽  
Social And Economic Development ◽  
The Stability ◽  
Regional Product

The essence and indicators of a concept of sustainable development of economy have been considered. Dynamics of an indicator of social and economic development of the region (gross regional product) has been analyzed and the stability indicator has been сalculated. Macroeconomic aspects of unstable development of economy have been revealed through imbalances of inflows and outflows in the two-sector, closed and opened economic systems. The reasons and consequences of disproportions of an economic system have been identified. Measures and directions of state policy in the field of stimulating the development of small and medium-sized businesses, creating a favorable business environment, stimulating export-oriented production, improving migration policies, which will reduce these imbalances, have been proposed. Accounting of regularity of macroeconomic interrelations will allow you to assess a situation of economic systems, and studying of the existing imbalances will promote creation of the mechanism of their regulation.

scholarly journals Methodology of Economic Science and Problems of Objectivity in Economics

2021 ◽  
Vol 12 (2) ◽  
Author(s):  
Tatyana Ogorodnikova ◽  
Aleksei Solomein ◽  
Irina Shipunova
Keyword(s):  
Economic System ◽  
Thermodynamic Equilibrium ◽  
The State ◽  
Economic Behavior ◽  
Economic Systems ◽  
Economic Science ◽  
Scientific Principles ◽  
General Scientific ◽  
The Stability ◽  
The Moment

The article described the specifics of economic science in the context of general scientific principles of cognition and the need to ensure the stability of economic systems. The research examined the nature and essence of objective and subjective factors of economic behavior, the nature of their interaction and the mechanism of transformation. Objective economic laws of differentiation of economic entities by the level of absolute welfare and equality of relative welfare are formulated. The state of the economic system is considered from the position of thermodynamic equilibrium. We formulated the condition of thermodynamic equilibrium of economic systems, which differs from the condition of equilibrium in the light of mechanistic concepts. The moment of the first archaic division of labor was highlighted as the point of bifurcation and the exit of the economic system from the state of thermodynamic equilibrium. The irreversible nature of this transition was emphasized. We found that it is necessary to study economic systems as non-equilibrium from the standpoint of assessing the state of complex dynamic structural formations.

scholarly journals THE GLOBAL ECONOMY DEMANDS REFUSAL OF THE SOVEREIGNTY: THE FUTURE OF THE CAPITALISM

2021 ◽  
pp. 224-239
Author(s):  
Марина Леонидовна Альпидовская
Keyword(s):  
Economic System ◽  
Global Governance ◽  
Global Economy ◽  
Point Of View ◽  
Management Model ◽  
Regulation System ◽  
The Future

Статья посвящена анализу насущных проблем современности, связанных с идущей трансформацией социально-экономической системы. В настоящее время общество в целом оказалось в условиях «Большой перезагрузки - «сброса старых настроек». Всё стремительно движется в направлении, определённом и указанном Клаусом Швабом. Вектор этого движения, с точки зрения глобальных элит, определён. Это процесс жёсткого стремления к системе глобального управления, по своей сути - новой «технократически-элитарной», а также трансгуманизма. И сегодня более чем очевидно наличие большей лжи, обмана, надуманных и мошеннических событий, угроз и разрушение прав, завоёванных ранее другими поколениями свобод. В итоге, возникает вопрос о том, какими предстают «мирные» варианты трансформации существующей системы регулирования в новую мобилизационную (при любых условиях) модель управления. В статье осуществлена попытка ответа на этот вопрос. The article is devoted to the analysis of the pressing problems of our time associated with the ongoing transformation of the socio-economic system. At present, society as a whole find itself in the conditions of the «Big Reset» - resetting the old settings. Everything is moving rapidly in the direction defined and indicated by Klaus Schwab. The vector of this movement, from the point of view of the global elites, has been determined. This is a process of a tough striving for a system of global governance, in its essence - a new «technocratic-elite», as well as transhumanism. And today it is more than obvious that there are more lies, deceit, far-fetched and fraudulent events, threats and destruction of rights and freedoms previously won by other generations. As a result, the question arises of what the «peaceful» options for transforming the existing regulation system into a new mobilization (under any conditions) management model appear to be. The article attempts to answer this question.

scholarly journals EXPLICATION OF THE ESSENCE OF THE DEFINITION “DEVELOPMENT” IN RELATION TO SOCIO-ECONOMIC SYSTEMS

2020 ◽  
Vol 1 (18(46)) ◽  
pp. 17-24
Author(s):  
Galyna Sokoliuk
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Point Of View ◽  
Economic Systems ◽  
Structural Balance ◽  
Social Component ◽  
The Social ◽  
Development Goals ◽  
Epistemological Analysis ◽  
Coordination Meeting

The article presents an epistemological analysis of definitions that reflect various aspects of the economic category “development” used within the system approach. The analysis shows that these definitions mostly do not single out the features of the social component of the economic system and management tasks are defined from the subjective point of view of those who fall under managerial influence. It has been noted that this approach can be called mechanistic, since the behavioral characteristics of the social component are neglected and the management of the system is considered from the standpoint of one-vector influence of decision-makers. It has been argued that this negatively affects the effectiveness of development management due to the diversity of stakeholders’ interests. An explication of the essential content of “development” definition has been made and components that reflect the specifics of the socio-economic systems management according to the concept of “sustainable development” have been identified. Management of socio-economic system structural balance has been proposed to consider as a dynamic process of forming the optimal proportions of its future state, which is determined by the equal vectors of economic and other interests of its actors and their positions coordination meeting the priorities of sustainable development and competitiveness and following the principles of stakeholder interaction and social dialogue. It has been noted that the management of the socio-economic systems development should be carried out both from the standpoint of achieving structural balance of the system and taking into account the development goals of the system (increasing competitiveness through quality change).

Rozwój cywilizacji kapitalistycznej w perspektywie teorii systemu-świata

2017 ◽  
Vol 15 (15) ◽  
pp. 66-89 ◽  
Author(s):  
Tomasz Pawłuszko
Keyword(s):  
Sixteenth Century ◽  
Economic System ◽  
Global Economy ◽  
System Analysis ◽  
World System ◽  
Division Of Labour ◽  
Point Of View ◽  
International Division ◽  
The World ◽  
Political Economic

Article explores the issue of genesis and development of the „world-system analysis” and focuses on its approach to the proces of globalization. From the point of view of world-system analyses the global economic system has emerged since the sixteenth century. For centuries global economy has been based on the international division of labour. It creates a new kind of „capitalistic civiliation”. This paper aims to discuss the development of theoretical framework of the world-system analysis. Besides, I try to outline contemporary scientific and political-economic challenges for the concept of capitalistic civilization.

MEGA-REGULATOR IN SEARCH FOR CONVERGENT MODEL FROM THE FISCAL POLICY BALANCE AND REGULATION ON FINANCIAL MARKETS TO STIMULATING THE ECONOMY

2015 ◽  
Vol 10 (3) ◽  
pp. 61-66
Author(s):  
Карпова ◽  
Natalya Karpova ◽  
Хаялеева ◽  
Chulpan Khayaleeva ◽  
Абрамкин ◽  
...  
Keyword(s):  
Fiscal Policy ◽  
Financial Markets ◽  
Economic System ◽  
Financial Supervision ◽  
Modern World ◽  
Economic Systems ◽  
Regulation Of Financial Markets ◽  
The Social ◽  
The Stability

In modern world the development of economic processes requires the balanced efforts to ensure the stability of the markets, in general, and financial markets, in particular. The development of the financial markets is influenced by the development of economic systems and vice versa. In this connection, the issues on adequate evolution of financial supervision are very important. The article highlights the problems and issues of the mega-regulator activity in Russia in the context of world experience of active fiscal policy and the regulation of financial markets. The prospects, problems and risks of possible options were discussed. A conceptual vision of development nature of the financial markets mega-regulation, as the immanent institution in the social and economic system, was stated.

SCIENTIFIC AND METHODOLOGICAL APPROACHES TO THE DEVELOPMENT OF MECHANISMS TO ENSURE DYNAMIC STABILITY OF THE DUAL ORGANIZATIONAL-ECONOMIC SYSTEMS IN THE FIELD OF IRRIGATION AND AGRICULTURE

2016 ◽  
Vol 4 (2) ◽  
pp. 0-0
Author(s):  
Bohdan Кorol ◽  
Alina Kostiukevich
Keyword(s):  
Economic System ◽  
Conceptual Model ◽  
Economic Benefits ◽  
State Regulation ◽  
Economic Systems ◽  
Agricultural Producers ◽  
Reclaimed Land ◽  
Economic Relations ◽  
Organizational Administration ◽  
The Stability

It is established that the organizational and economic relations between water management organizations and agricultural producers on reclaimed land is the dual of organizational-economic system. We propose a conceptual model describing the goals of state regulation of the functioning of dual systems. It is proved that the stability of the organizational-economic system has an institutional impact on the system through formal and informal institutions, and also depends on the economic benefits of mutual exchange. A conceptual model of dual organizational administration and economic systems based on the assessment and monitoring of institutional and economic stability

Electrohydrostatic instability in electrically stressed dielectric fluids. Part 2

1975 ◽  
Vol 72 (1) ◽  
pp. 95-112 ◽  
Author(s):  
D. H. Michael ◽  
J. Norbury ◽  
M. E. O'Neill
Keyword(s):  
Electric Field ◽  
Point Of View ◽  
Dielectric Fluid ◽  
Sufficient Information ◽  
Physical Point ◽  
Dielectric Fluids ◽  
A Value ◽  
Asymmetric Equilibria ◽  
The Stability ◽  
Loading Parameter

The paper is the second part of a study of the failure of the insulation of a layer of dielectric fluid of arbitrary volume, occupying a hole in a solid dielectric sheet, when stressed by an applied electric field. In part 1 symmetric and asymmetric equilibria were found for the two-dimensional problem, using an approximation given by Taylor (1968) for the electric field, which is valid for large holes. In this paper axisymmetric equilibria are given for a circular hole, under the same conditions. In addition the points of bifurcation of asymmetric solutions have been found, and provide sufficient information to give the stability characteristics. It is found that when the volume-excess fraction δ exceeds a value of approximately −0·3 instability occurs in an asymmetric form reported earlier for large holes by Michael, O'Neill & Zuercher (1971) in the case δ = 0. For δ < −0·3 the nature of the instability changes to an axisymmetric form of failure associated with a maximum of the loading parameter.The analysis given shows that axisymmetric displacements of ‘sausage’ mode type, that is, symmetric about a centre-plane, are associated with small changes in the static pressure in the dielectric layer. Such modes have not previously been examined in this context, and in an appendix to this paper Michael & O'Neill give an analysis of them when δ = 0, valid for all hole sizes, by extending the small perturbation analysis of Michael, O'Neill & Zuercher. These modes however do not provide the most unstable displacements for any configuration, and do not therefore affect the stability from a physical point of view.

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