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Contradictions of Formation of the Global Economic Governance System

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  • Nikolay Eletsky

    (World Economy Department, Don State Technical University, Rostov-on-Don, Russia)

Abstract

The reasons and the factors of the global economic governance formation became the urgent issues of modern economic theory and practice. Emerging mechanisms of global governance reflect the transitional nature of the present stage of civilization. Under modern conditions, global ownership only begins to form, which inevitably involves the use of the socio-economic shell of previous historical types of economic relations. This particularly reflected in the utilization of the worldwide ownership in private-sector interests and in the application of the mechanisms of global governance to achieve the goals of individual states, corporations, financial-oligarchic clans and other private entities. A contradiction of genesis and evolution of the global ownership and control mechanisms of the world economic system become the essential problem of the international political economy.

Suggested Citation

  • Nikolay Eletsky, 2016. "Contradictions of Formation of the Global Economic Governance System," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(10), pages 7-16, September.
    • Handle: RePEc:mgs:ijmsba:v:2:y:2016:i:10:p:7-16
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.210.1001
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    References listed on IDEAS

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    1. Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
    2. Martin Wolf, 2004. "Globalization and Global Economic Governance," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 20(1), pages 72-84, Spring.
    3. Petar Kurecic & Binoy Kampmark, 2016. "A Multifarious, Multifaceted Approach to the Multipolar World: a Necessity," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 2(8), pages 42-51, July.
    4. Nikolay Eletsky, 2016. "Contradictions of Formation of the Global Economic Governance System," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(10), pages 7-15, September.
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    More about this item

    Keywords

    Saudi Arabia; Customer Services Quality; Banking; Private Banking; CRM;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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