scholarly journals New pragmatism by G.W. Kołodko: an alternative or a supplement to pure economic theory?

2019 ◽  
Vol 50 (1) ◽  
pp. 18-30
Author(s):  
Aleksandr Nekipelov
Keyword(s):  
Economic Theory ◽  
Global Economy ◽  
Positive Potential ◽  
Practical Usefulness ◽  
Economic Reality ◽  
National Economies

The article is devoted to finding the answer to the following question: is the concept of the new pragmatism developed by Professor G.W. Kołodko an alternative or a supplement to the general economic theory? The author’s position is that the positive potential of the new pragmatism consists in its practical usefulness for the analysis of specific situations developing both in various national economies, as well as in the global economy, based on the interdisciplinary grounds. This concept should not be considered as an alternative to the general economic theory. Rather, it is a kind of a bridge over the “area of uncertainty”, which necessarily exists between an abstract economic theory and the economic reality.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

The Shadow Society and Its Fictitious Capital

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Social Movements ◽  
Economic Crisis ◽  
Global Economy ◽  
Democratic Governance ◽  
Professional Expertise ◽  
Conservative Movement ◽  
Electoral Success ◽  
Fictitious Capital ◽  
Equitable Outcomes ◽  
National Economies

The concluding chapter surveys the prospects for more democratic governance of national economies and more equitable outcomes in the global economy. The backdrop for the chapter is the marriage of shadow finance with the conservative governments that have achieved electoral success on the basis of popular dissatisfaction with the response of neoliberal governments to the global economic crisis. The conservative movement and its governments are incoherent and unwilling to address, even in terms of modest reform, the power of finance and its responsibility for inequality and crisis. Effective reform could emerge from the union of professional expertise, whose commitment to technocratic aspects of the neoliberal project may have weakened, with democratic social movements.

Institutional economics

2021 ◽  
Author(s):  
Viktor Pischulov
Keyword(s):  
Economic Theory ◽  
Institutional Economics ◽  
Economic Reality ◽  
Definition Of

The textbook deals with the development of representations of economic theory within the framework of the methodology of institutional economics. The main views of the representatives of this trend are analyzed. Special attention is paid to the construction of models of economic reality, the definition of the main concepts used in the course of institutional economics, and the formation of a system of these concepts. For teachers, students, postgraduates, researchers and practitioners studying institutional economics.

The Corporate Revolution in America, Economic Reality vs. Economic Theory

1963 ◽  
Vol 4 (3) ◽  
pp. 359
Author(s):  
Morrell Heald ◽  
Gardiner C. Means
Keyword(s):  
Economic Theory ◽  
Economic Reality

Altruism Economy as a Higher Step of Social Synthesis

10.12737/4895 ◽  
2014 ◽  
Vol 3 (1) ◽  
pp. 69-78
Author(s):  
Свирчевский ◽  
Vadim Svirchevskiy
Keyword(s):  
Public Policy ◽  
Economic Development ◽  
Economic System ◽  
Alternative Model ◽  
Global Economy ◽  
Common Problems ◽  
National Economies

Deepening civilizational divide and growing intensity of confrontation among countries of different economic might, as well as aggravating pressure on environment call for choosing an alternative model of economic development. Altruistic economics is a model of global economy based on panhuman priorities. But to implement such a model, certain supranational social synthesis is needed, that is, unification of a number of nations in order to cope with common problems. Accompanying challenges are multi-faceted, while basically feasible. The paper discusses problems of choosing public policy priorities, related to public functions, in the context of globalizing economy. Realization of these priorities is essential for developing such an economic system, which is doctrinally capable not only to reconcile interests of different classes (strata) but also to harmonize development of various national economies.

scholarly journals The discourse of competitiveness and the dis-embedding of the national economy

2019 ◽  
Author(s):  
Lukas Linsi
Keyword(s):  
Global Economy ◽  
Multinational Firms ◽  
Social Representations ◽  
Critical Role ◽  
Foreign Direct Investments ◽  
Competition State ◽  
National Economic ◽  
Neoclassical Economic Theory ◽  
Post War ◽  
National Economies

In the 1950s-70s inward foreign direct investments (IFDI) were widely seen as a menace, threatening to undermine national economic development. Two decades later such concerns had virtually disappeared. Rather than as a problem, IFDI were now portrayed as a solution - even symbols of national economic success. To better understand the ideational dynamics underlying this remarkable transformation in perceptions of IFDI, this research traces the evolution of economic discourses in the United Kingdom over the post-war period. Deviating from conventional accounts in constructivist IPE, the investigation indicates that the rise of first-generation neoliberal discourses in the 1980s played only a secondary role in these processes. Instead, the discursive reshaping of IFDI was primarily driven by the rise of the narrative of national competitiveness in the early 1990s – a discourse inspired by managerial rather than neoclassical economic theory. Building a framework that prioritizes (multinational) firms over national economies, the rise of this second-generation neoliberal narrative played a critical role in promoting now taken-for-granted imaginaries of the global economy as an economic ”race” between nations-as-platforms-of-production. The findings highlight both the ideational underbelly of the rise of the competition state and how it re-shaped dominant social representations of IFDI.

scholarly journals Considerations Regarding the Relevance of Direct Foreign Investments in the Global Economy

2019 ◽  
Vol 14 (1) ◽  
pp. 51-59
Author(s):  
Lucia Fraticiu
Keyword(s):  
Global Economy ◽  
Negative Effects ◽  
Foreign Investments ◽  
Global Marketplace ◽  
Investment Activity ◽  
Business World ◽  
Internal Markets ◽  
Beneficial Effects ◽  
Contemporary Reality ◽  
National Economies

AbstractIt is well known that the current business world, and also the investments, today are based on the global markets expansion. Contemporary reality shows us the image of a world which is irreversibly evolving towards the businesses globalization and the companies’ internationalization. The internal markets often become overcrowded, and the companies access more profoundly the global marketplace, which not only provides a place for all competitors, but also represents a source of new advantages for all. In the context of globalization the investment activity has gained new dimensions, becoming a global one, with serious implications, which manifest itself over the national economies and also over the world economy. Starting from these premises, the present paper’s purpose is to analyze a current, important and intensely debated issue, namely, the direct foreign investments, pointing out the main elements of their historic development and highlighting their fundamental role for the economic development of a country. Thus, here are reviewed some of the indisputable benefits of direct foreign investments generated within the country – as a dynamic development engine. Beyond the beneficial effects, which unequivocally denote the importance of drawing direct foreign investments, we try to answer the question “Can be identified negative effects of direct foreign investments which affect the receiving country?”

scholarly journals Comparison and Classification of World Economies by E-Commerce Level

2019 ◽  
pp. 75-86
Author(s):  
Марина Архипова ◽  
Marina Arhipova ◽  
Елена Ямбуренко ◽  
Elena Yamburenko
Keyword(s):  
Global Economy ◽  
Key Factors ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
National Welfare ◽  
Digital Commerce ◽  
Political Communities ◽  
Intuitive Method ◽  
National Economies

The fast-paced digitalization of the global economy takes place along the growing importance and share of e commerce in the global trade. International organizations and governments consider e commerce a potential driver of economic growth and improvements in the national welfare, as well as a smart tool for overall catch-up effect. However, there is little agreement among the todays’ academic and political communities about any factors that are key to the development of digital commerce and better ways helping to tackle political and regulatory issues that affect it. Researchers aim at comparing and classifying national economies by the level of e commerce with due regard to the main aspects of their functioning, as well as testing the hypothesis that the level of digital commerce varies significantly by the world economies driven by diffe­rent key factors in the formation of the digital economy. The research methods are goal-dependent and relate to benchmarking performed using multidimensional classification of objects under study, in particular, using agglomerative hierarchical algorithms. Interpreting outcomes involves the logical-intuitive method of generalizing and concluding. The findings of this study are of interest to international and national governmental and non-governmental organizations driving the global, regional and/or national economies, and can serve as a springboard for further research using the insights obtained in the course of this project.

scholarly journals THE IMPACT OF BUSINESS TRANSFORMATION ON THE PROVISION OF PRODUCTS AND SERVICES IN OPERATIONAL-LEVEL RETAIL BUSINESSES: CASE STUDY

2017 ◽  
Vol 5 ◽  
pp. 521-525
Author(s):  
Xolani Protus Simamane ◽  
Robert Walter Dumisani Zondo
Keyword(s):  
Financial Performance ◽  
Global Economy ◽  
Chi Square ◽  
Organizational Goals ◽  
Business Transformation ◽  
Operational Level ◽  
Kwazulu Natal ◽  
National Economies ◽  
The Impact

The retail industry is arguably one of the most prosperous sectors in the global economy. It serves as an intermediary between producers and consumers. Given its significance in the everyday lives of people in communities, and its role in national economies, the industry operates under extensive competition driven by growth in Information Technology which has dramatically changed the consumption patterns and buying behavior of consumers today. This study investigates the impact of transformation on the provision of products and services in operational-level retail businesses of KwaZulu-Natal (KZN). This is a case study and the South African Post Office (SAPO) in KwaZulu-Natal (KZN) participated in the study. Of the 101 branch managers of SAPO, 72 participated in the study, representing a 71 percent response rate. The sample frame was obtained from both the Human Capital and the Infrastructure Management departments of SAPO in KZN. Descriptive statistics and chi-square tests were used to analyze the two objectives. That is, to establish if the change brought about by business transformation activities improves the provision of products and services in retail businesses and thereby improves the financial performance. It also determines if retail businesses undergoing transformation inspire confidence amongst employees, and thereby achieving their financial goals. The findings revealed that business transformation has the ability to improve the provision of products and services of retail businesses. Continuous communication with regards to transformation inspires confidence among employees, thereby leading to productivity improvements and the achievement of the organizational goals. Productive employees contribute positively to the financial performance of the business. The original value of this study is its approach in uncovering strengths and weaknesses of business transformation in the operational-level retail businesses.

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