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Structural and Logical Model of Contemporary Global Economic System

Author

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  • 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
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    File URL: http://www.ersj.eu/repec/ers/papers/16_2_p22.pdf
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    References listed on IDEAS

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    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. 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.
    3. 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.
    4. 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.
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    6. 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.
    7. 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.
    8. 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.
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    10. 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.
    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.
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    1. repec:ers:journl:v:xxi:y:2018:i:special2:p:518-530 is not listed on IDEAS
    2. repec:ers:journl:v:xxi:y:2018:i:special2:p:323-337 is not listed on IDEAS
    3. repec:ers:journl:v:xx:y:2017:i:3b:p:5-17 is not listed on IDEAS
    4. repec:ers:journl:v:xxi:y:2018:i:special2:p:531-539 is not listed on IDEAS
    5. repec:ers:journl:v:xxi:y:2018:i:2:p:551-563 is not listed on IDEAS

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