IDEAS home Printed from https://ideas.repec.org/a/bal/journl/2256-074220175520.html
   My bibliography  Save this article

Priorities For The Development Of The Economy Of The Usa And Some European Countries

Author

Listed:
  • Anton Stolitnii

    (Classical Private University, Ukraine)

  • Vitalii Makhinchuk

    (F.G. Burchak Scientific-Research Institute of Private Law and Business of the National Academy of Law Sciences of Ukraine, Ukraine)

Abstract

The purpose of the article is to reveal the newest and priority tendencies towards formation of the directions of encouraging the development of the world economy under globalization. The subject of the research is the priorities for the development of the economy of the USA and some European countries. Methodology. On the basis of the scientific literature analysis, the current economic situation of the USA and some European countries was analyzed and the strategic priorities and goals of the world economic development were determined, as well as the dialectical method, the method of scientific abstraction and the method of system analysis were used. The studies have shown that in order to implement foreign experience there is a number of key economic problems, which impede the development of the economy. It was found that a complex structural transformation of the world economy is needed to increase the share of the high-tech and innovative sectors. Practical implication. A comprehensive analysis of the status and determinants of economic development of the USA and some European countries from the perspective of the threats and risks associated with crisis situations in the modern world was made. The basic principles of the formation and implementation of the economic development strategy based on the harmonization of strategic priorities and strategic goals of the USA and the EU were determined, as well as the need to reform the economic sector in order to build promising areas of the economy was substantiated. Value / originality. The conducted research revealed the state of development of the economic system of the USA and some European countries.

Suggested Citation

  • Anton Stolitnii & Vitalii Makhinchuk, 2019. "Priorities For The Development Of The Economy Of The Usa And Some European Countries," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(5).
    • Handle: RePEc:bal:journl:2256-0742:2017:5:5:20
    DOI: 10.30525/2256-0742/2019-5-5-151-154
    as

    Download full text from publisher

    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/758/pdf
    Download Restriction: no
    File URL: http://www.baltijapublishing.lv/index.php/issue/article/view/758
    Download Restriction: no
    File URL: https://libkey.io/10.30525/2256-0742/2019-5-5-151-154?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. I. Shovkun, 2017. "Localization of production - a world practice and conclusions for Ukraine," Economy and Forecasting, Valeriy Heyets, issue 2, pages 31-56.
    2. Theodore W. Schultz, 1972. "Economic Research: Retrospect and Prospect, Volume 6, Human Resources," NBER Books, National Bureau of Economic Research, Inc, number schu72-1, July.
    3. Oleksandr Yunin & Volodymyr Sevruk & Sergiy Pavlenko, 2018. "Priorities Of Economic Development Of Ukraine In The Context Of European Integration," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(3).
    4. Theodore W. Schultz, 1972. "Human Capital: Policy Issues and Research Opportunities," NBER Chapters, in: Economic Research: Retrospect and Prospect, Volume 6, Human Resources, pages 1-84, National Bureau of Economic Research, Inc.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael Clemens, 2014. "Does Development Reduce Migration? - Working Paper 359," Working Papers 359, Center for Global Development.
    2. Michael A. Clemens & Hannah M. Postel, 2018. "Deterring Emigration with Foreign Aid: An Overview of Evidence from Low‐Income Countries," Population and Development Review, The Population Council, Inc., vol. 44(4), pages 667-693, December.
    3. Trofimov, Ivan D. & Baawi, Nurulhana A., 2020. "Human Capital: State of the Field and Ways to Extend the Concept," MPRA Paper 107039, University Library of Munich, Germany.
    4. Michael A. Clemens & Timothy N. Ogden, 2020. "Migration and household finances: How a different framing can improve thinking about migration," Development Policy Review, Overseas Development Institute, vol. 38(1), pages 3-27, January.
    5. Michael A. Clemens, 2014. "Does development reduce migration?," Chapters, in: Robert E.B. Lucas (ed.), International Handbook on Migration and Economic Development, chapter 6, pages 152-185, Edward Elgar Publishing.
    6. Michael Clemens and Timothy N. Ogden, 2014. "Migration as a Strategy for Household Finance: A Research Agenda on Remittances, Payments, and Development- Working Paper 354," Working Papers 354, Center for Global Development.
    7. Ralph Hippe & Roger Fouquet, 2018. "The Knowledge Economy in Historical Perspective," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 19(1), pages 75-108, January.
    8. Harry Patrinos & Suhas Parandekar & Ekaterina Melianova & Artem Volgin, 2020. "Returns to Education in the Russian Federation," World Bank Publications - Reports 33976, The World Bank Group.
    9. Ralph Hippe, 2014. "Human Capital in European Regions since the French Revolution," Working Papers 04-14, Association Française de Cliométrie (AFC).
    10. Siddarth Shirodkar & Boyd Hunter, 2021. "The impact of implicit bias on Indigenous business ownership rates in Australia," Australian Journal of Labour Economics (AJLE), Bankwest Curtin Economics Centre (BCEC), Curtin Business School, vol. 24(1), pages 1-24.
    11. Alla Kirova, 2011. "Evolution of the Human Capital Doctrine," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 94-131.
    12. Łukasz Jabłoński, 2021. "Ewolucja podejść do kapitału ludzkiego w naukach ekonomicznych," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 91-120.
    13. Jessica Scharf & Patricia Vu-Eickmann & Peter Angerer & Andreas Müller & Jürgen in der Schmitten & Adrian Loerbroks, 2022. "Work-Related Intervention Needs of Medical Assistants and How to Potentially Address Them according to Supervising General Practitioners: A Qualitative Study," IJERPH, MDPI, vol. 19(3), pages 1-17, January.
    14. Javed A. Ansari & Rafique A. Khan, 1998. "Technological Capability Building in South Korea: Some Lessons for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 37(4), pages 825-845.
    15. Smyslov, Dmitriy, 2007. "A Construction of a Human Capital Indicator of Social Groups," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 6(2), pages 95-125.
    16. Myroslava Bublyk & Agnieszka Kowalska-Styczeń & Vasyl Lytvyn & Victoria Vysotska, 2021. "The Ukrainian Economy Transformation into the Circular Based on Fuzzy-Logic Cluster Analysis," Energies, MDPI, vol. 14(18), pages 1-17, September.
    17. Alla Kirova, 2012. "Quality Specifics of the Human Capital in the Higher Education and Science in the Conditions of Knowledge Economy (theoretical aspects)," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 90-102.
    18. Bohdan Holovkin & Kostyantyn Marysyuk, 2019. "Foreign Experience In Countering (Preventing) Organized Crime In The Financial System: Special Law Enforcement Bodies And Strategic Priorities," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 5(3).
    19. repec:prg:jnlpep:v:preprint:id:678:p:1-16 is not listed on IDEAS
    20. Roxana Giraldez & María del Carmen Quiñonez, 1993. "Capital humano, stock, inversión y otras estimaciones," Apuntes. Revista de ciencias sociales, Fondo Editorial, Universidad del Pacífico, vol. 20(32), pages 33-57.
    21. Adriana Grigorescu & Elena Pelinescu & Amalia Elena Ion & Monica Florica Dutcas, 2021. "Human Capital in Digital Economy: An Empirical Analysis of Central and Eastern European Countries from the European Union," Sustainability, MDPI, vol. 13(4), pages 1-21, February.

    More about this item

    Keywords

    economy; economic development; innovative development; foreign experience; priorities;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bal:journl:2256-0742:2017:5:5:20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anita Jankovska (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.