Peculiarities, problems and prospects of the global economic development
Keywords:
global economic development, global economy, developing countries, a growing interdependence of the world
Abstract
The article summarizes the results of research and forecast estimates submitted by international and regional organizations, scientific centers of the world and national levels with respect to the features, problems and prospects of global economic development. The paper highlights the peculiarities of the present stage of development of a globalized economy. Taking this into account developed countries face the problem of increasing competitiveness, innovation, the aging population, and many developing countries have labor market and infrastructure reforms ahead, which are necessary to attract both domestic and foreign investments.
The article concludes that during the development of the global economy will have change the list of the top 10 economies in the world by 2050, is activated immigration policies which are necessary for the global competition for scarce labor resources; economic growth in different countries will differentiate depending on the content of national structural reforms and the quality of policy decisionsDownloads
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References
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The Economist Intelligence Unit. Long-term macroeconomic forecasts. Key trends to 2050. [Electronic resource]. – Mode of access : http://ec.europa.eu/economy_finance/eu/forecasts/index_en.htm
World Trade Organization. Modest Trade Growth Anticipated for 2014 and 2015 following Two-Year Slump : рress release no. 721, 14 April 2014. [Electronic resource]. – Mode of access : https://www.wto.org/english/news_e/pres14_e/pr721_e.htm
Global Economic Outlook 2015–2020. Beyond the New Mediocre? January 2015. [Electronic resource]. – Mode of access : https://www.atkearney.com/documents/10192/5498252/
Principal Global Indicators (PGI) IMF/FSB Global Conference on the G-20 Data Gaps Initiative. June 25-26, 2014 [Electronic resource]. – Mode of access : https://www.imf.org/external/np/seminars/eng/2014/dgi/pdf/m.pdf
International Monetary Fund. World Economic Outlook, April 2014 [Electronic resource]. – Mode of access : https://www.imf.org/external/np/seminars/eng/2014/dgi/pdf/m.pdf
Bloomberg News. «China Banks’ Bad Loans Reach Highest Since Financial Crisis», 14 February 2015. [Electronic resource]. – Mode of access : http://www.bloomberg.com/news/articles/2014-02-14/
Alexandratos N. and Bruinsma J. «World Agriculture Towards 2030-2050: The 2012 Revision». ESA Working Paper 12-03, FAO, June 2012. [Electronic resource]. – Mode of access : http://www.fao.org/docrep/016/ap106e/ap106e.pdf
Published
2017-12-19
Cited
How to Cite
Dovgal, O. (2017). Peculiarities, problems and prospects of the global economic development. The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism, (6), 38-43. Retrieved from https://periodicals.karazin.ua/irtb/article/view/9968
Section
The world economy and international economic relations
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