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World Crisis 2020 In The Context Of The Long Waves Theory By N. Kondratiev

Author

Listed:
  • Galazova Svetlana Sergeevna

    (North Ossetian state University named after K. L. Khetagurov Russia, Vladikavkaz, Republic of North Ossetia-Alania)

  • Egorenko Anna Olegovna

    (Head of the Department of State and Municipal Management Moscow Regional Socio-Economic Institute, Russia, Moscow region, city Vidnoye)

Abstract

The article shows the connection of Kondratiev's theory of long waves and the crisis of 2020 with the digital information revolution taking place in the modern world. It describes the cycles (patterns) of five long periods of development of the world economy, which have already taken place and were accompanied by recessions and rises, and also provides a forecast of the development of the leading sectors of the national economy in the context of the sixth technological order.

Suggested Citation

  • Galazova Svetlana Sergeevna & Egorenko Anna Olegovna, 2020. "World Crisis 2020 In The Context Of The Long Waves Theory By N. Kondratiev," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 341-351.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:341-351
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T1_2020.pdf
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    More about this item

    Keywords

    long waves; technological structure; cycle; crisis; information technologies; information and digital revolution;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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