IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxixy2016i2p218-227.html
   My bibliography  Save this article

Structural and Logical Model of Contemporary Global Economic System

Author

Listed:
  • Elena Popkova
  • Oksana Chechina
  • Aleksandra Sultanova

Abstract

The purpose of the article is to build a structural and logical model of contemporary global economic system, forecast its development in future, and development of recommendations for maximization of advantages and minimization of negative aspects of such development. The authors focus on the problem of deepening contradictions of interests of various members of the global economic system with development of integration processes and on the problem of increase of the global economic problems with economic development of the global economic system. Methodology of conduct of the research in this work includes problem, systemic, and structural & functional analysis for determination of specifics of functioning of contemporary modern economy, as well as SWOT-analysis for determination of perspectives of its development. The authors analyze evolution and view specifics of modern stage of development of the global economic system, perform modeling of current state and tendencies of development of global economic system, and determine perspectives and compile recommendations for development of contemporary global economic system.

Suggested Citation

  • Elena Popkova & Oksana Chechina & Aleksandra Sultanova, 2016. "Structural and Logical Model of Contemporary Global Economic System," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 218-227.
    • Handle: RePEc:ers:journl:v:xix:y:2016:i:2:p:218-227
    as

    Download full text from publisher

    File URL: http://www.ersj.eu/repec/ers/papers/16_2_p22.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Edward E GHARTEY, 2015. "Causal Relationship Between Financial Development And Economic Growth In South Africa," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 15(1), pages 125-142.
    2. Othman, J & Jafari, Y & Sarmidi, T, 2014. "Economic Growth, Foreign Direct Investment, Macroeconomic Conditions and Sustainability in Malaysia," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 215-226.
    3. Roula INGLESI-LOTZ & Renee VAN EYDEN & Charlotte DU TOIT, 2014. "The evolution and contribution of technological progress to the South African economy: Growth accounting and Kalman filter application," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 175-188.
    4. Md. Al Mamun & Kazi Sohag, 2015. "Revisiting the dynamic effect of foreign direct investment on economic growth in LDCs," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 8(2), pages 97-118.
    5. Nebojsa Savic & Goran Pitic & Snezana Konjikusic, 2014. "Microeconomic and macroeconomic determinants of competitiveness of East European countries in 2012," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 7(3), pages 264-280.
    6. Tatiana A. Kokodey, 2013. "History of the Global Business Environment in the Polycyclic Conceptual Framework," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 5-14.
    7. Athambawa Jahfer & Tohru Inoue, 2014. "Financial development, foreign direct investment and economic growth in Sri Lanka," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 7(1), pages 77-93.
    8. Ebrahim Eltejaei, 2015. "Oil, government's budget and economic growth in Iran," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 8(3), pages 213-228.
    9. M.M. Haris Aslam & Sarwar M. Azhar, 2013. "Globalisation and development: challenges for developing countries," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 6(2), pages 158-167.
    10. POPKOVA, Elena, 2014. "New Prospects Of Economic Growth In Context Of Underdevelopment Whirlpools Phenomena," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(1), pages 5-20.
    11. MASWANA, Jean-Claude & FAROOKI, Masuma, 2013. "African Economic Growth Prospects: A Resource Curse Perspective," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 13(2), pages 169-182.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zenkina I.V., 2018. "Global Promotion of Integrated Reporting by Enhancing its Informative and Analytical Value for Stakeholders," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 518-530.
    2. D.G. Rodionov & T.J. Kudryavtseva & A.E. Skhvediani, 2018. "Human Development and Income Inequality as Factors of Regional Economic Growth," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 323-337.
    3. Irina Solovjova & Ramona Rupeika-Apoga & Inna Romanova, 2018. "Competitiveness Enhancement of International Financial Centres," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 5-17.
    4. Svetlana G. Vokina & Yulia S. Zima & Nikolai G. Sinyavsky & Vadim Meshkov & Aleksandra V. Sultanova, 2016. "Unification of Economic Systems in the Global Economy: Barriers and Preconditions," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(4), December.
    5. I.G. Napalkova & A.N. Pozdnyshov & N.V. Fedorenko & A.N. Paremuzov, 2018. "Conceptual Approaches on Economic Security as a Political and Legal Institution," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 531-539.
    6. O.V. Berezhnaya & E.V. Berezhnaya & K.S. Chikaeva & M.A. Polivina & V.I. Berezhnoy, 2018. "Opportunities for Assessing the Implementation of the Strategies for the Development of Russia's Macroregions," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 551-563.

    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. Irina A. Morozova & Elena G. Popkova & Tatiana N. Litvinova, 2019. "Sustainable development of global entrepreneurship: infrastructure and perspectives," International Entrepreneurship and Management Journal, Springer, vol. 15(2), pages 589-597, June.
    2. Svetlana G. Vokina & Yulia S. Zima & Nikolai G. Sinyavsky & Vadim Meshkov & Aleksandra V. Sultanova, 2016. "Unification of Economic Systems in the Global Economy: Barriers and Preconditions," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(4), December.
    3. Natalia G. Vovchenko & Olga B. Ivanova & Elena D. Kostoglodova & Marina O. Otrishko & Olga S. Dzhu, 2016. "Innovations and Fighting Global Economic Problems," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 10(4), December.
    4. Tcheta-Bampa, Tcheta-Bampa & Kodila-Tedika, Oasis, 2018. "Dynamisation de la malédiction des ressources naturelles en Afrique sur les performances économiques : institution et guerre froide [Curse of Natural Resources and Economic Performance in Africa: I," MPRA Paper 86510, University Library of Munich, Germany.
    5. Jean-Claude Maswana, 2020. "African Economies in the Shadow of China: Effects of Bilateral Trade Structure on Economic Growth in Africa," Foreign Trade Review, , vol. 55(1), pages 80-92, February.
    6. Pejman Ebrahimi & Maria Fekete-Farkas & Parisa Bouzari & Róbert Magda, 2021. "Financial Performance of Iranian Banks from 2013 to 2019: A Panel Data Approach," JRFM, MDPI, vol. 14(6), pages 1-15, June.
    7. repec:prg:jnlpol:v:preprint:id:1399 is not listed on IDEAS
    8. Waqar Ameer & Helian Xu & Kazi Sohag & Syed Hasanat Shah, 2021. "Outflow FDI and Domestic Investment: Aggregated and Disaggregated Analysis," Sustainability, MDPI, vol. 13(13), pages 1-19, June.
    9. Popkova, Elena G. & Sergi, Bruno S., 2020. "A Digital Economy to Develop Policy Related to Transport and Logistics. Predictive Lessons from Russia," Land Use Policy, Elsevier, vol. 99(C).
    10. Mario Alberto Lagunes Perez & Hector Hugo Perez Villarreal, 2016. "Exchange Rate And Determinants Of Exports In Periods Of Financial Volatility In The North America Free Trade Agreement Zone,Tipo De Cambio Y Determinantes De Las Exportaciones En Periodos De Volatilid," Revista Internacional Administracion & Finanzas, The Institute for Business and Finance Research, vol. 9(2), pages 61-71.
    11. Anwar, Amar & Iwasaki, Ichiro, 2022. "The Finance–Growth Nexus inAsia : A Meta-Analytic Approach," CEI Working Paper Series 2022-03, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    12. IWASAKI, Ichiro & ONO, Shigeki, 2023. "Economic Development and the Finance-Growth Nexus : A Meta-Analytic Approach," CEI Working Paper Series 2023-06, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    13. Hlongwane, Nyiko Worship & Mmutle, Tumelo Donald & Daw, Olebogeng David, 2021. "The relationship between foreign direct investment and economic growth in SADC region from 2000 to 2019: An econometric view," MPRA Paper 111008, University Library of Munich, Germany.
    14. Nahla Samargandi & Mohammed A. Alghfais & Hadeel M. AlHuthail, 2022. "Factors in Saudi FDI Inflow," SAGE Open, , vol. 12(1), pages 21582440211, January.
    15. Kechagia, Polyxeni & Metaxas, Theodore, 2016. "FDI in Central Asia: Uzbekistan," MPRA Paper 71326, University Library of Munich, Germany.
    16. Irina-Marilena Ban & Valentina Ioana Cheregi, 2024. "Winning at Home and Abroad: A Generalized Double Diamond Framework for Selected CEE Countries," Politická ekonomie, Prague University of Economics and Business, vol. 2024(1), pages 1-23.
    17. Biswajit Maitra, 2021. "Relative role of external debt, FDI, and domestic investment in economic growth: evidence from Sri Lanka," International Journal of Economic Policy Studies, Springer, vol. 15(2), pages 329-347, September.
    18. N.N. Sawitri & P. Astuty, 2018. "Market Anomalies and Effect on Returns," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 630-649.
    19. Louail Bilal & Zouita Mohamed Salah, 2021. "The relationship between foreign direct investment, financial development and growth economic in Next-11 Countries: a PMG/ARDL estimation," Management, Sciendo, vol. 25(1), pages 28-50, January.
    20. Mastura Hashim & Imtiaz Mohammad Sifat & Azhar Mohamad, 2018. "GDP vs genuine progress quantification of economic performance in South Korea and Malaysia," Economics and Business Letters, Oviedo University Press, vol. 7(4), pages 169-178.
    21. Stephen G. GRUBAUGH, 2019. "Fdi, Growth And Level Of Development: Analysis Of 76 Countries For The Period 1980-2010," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 19(2), pages 5-18.

    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:ers:journl:v:xix:y:2016:i:2:p:218-227. 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: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    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.