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 decisions

Downloads

Download data is not yet available.

References

Fortune Magazine [Electronic resource]. – Mode of access : http://fortune.com/newsletter/datasheet/?scrape=1

The four global forces breaking all trends. McKinsey& Company. April 2015. [Electronic resource]. – Mode of access : http://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights

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
Issue
No. 6 (2017): The Journal of V.N. Karazin Kharkiv National University Series "International Relations. Economics. Country Studies. Tourism"
Section
The world economy and international economic relations

Authors submitting publications for this edition agree to the following terms:

  • The authors retain the copyright to their publications and grant the journal “The Journal of V. N. Karazin Kharkiv National University. Series: International Relations. Economics. Country Studies. Tourism” for the right of first publication.
  • Submission and acceptance of a publication to the journal means that the authors grant the journal a non-exclusive license to publish, distribute, and archive the material in print and electronic form and to include it in international abstracting and bibliographic databases.
  • Authors may:
  • deposit the published version of their work in institutional or disciplinary repositories,
  • distribute it on personal or professional web pages,
  • use the material for educational or research purposes,

provided that:

  • the publication is not altered,
  • it is not used for commercial purposes,
  • a complete bibliographic reference for the publication in the journal is provided.

 Authors' Responsibility

  • The authors guarantee that the submitted publication is an original work and does not infringe on the copyrights or intellectual property of third parties.
  • The authors confirm that this manuscript has not been published previously and is not under consideration by another publisher.
  • If the publication uses materials (figures, tables, data, etc.) belonging to third parties, the authors are responsible for obtaining the necessary permissions and for correctly citing the sources.

Publisher's Responsibility

  • This publication ensures a transparent and ethical publication process, as well as open access to all materials in accordance with the terms of the CC BY 4.0 license.
  • The publication guarantees long-term digital preservation of content by archiving it in internal and external repositories.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication of this work under the terms of a license Creative Commons Attribution License 4.0 International (CC BY 4.0).
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.