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Journal: University Economic Bulletin. Collection of scientific articles of scientists and post-graduate students (Vol.1, No. 21)

Publication Date:

Authors : ;

Page : 150-155

Keywords : global crisis; economic development; globalization of economy; financial sponsorship; financial instability;

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The article considers the influence of world crises on economic development, possibilities of modern economics, perspectives of stable development concept, recession problems caused by crisis. The conclusion about the level of involvement of different countries into crisis events reflected in the sharp increase of countries suffering from the consequences of every next crisis is grounded. The author accentuates the long?term, stable and quick economic growth on the example of five world economies, (Hong Kong, Korea, Malta, Singapore and Taiwan), the growth of which was quick and stable even in the conditions of crises of 70?es, 80?es and 90?es till the moment when the level of income per person reached the level of developed countries. Factors favoring permanent, stable and quick growth are systematized. It is proved that the countries which commence the realization of the quick growth strategy shall take into account new global problems unknown to their predecessors: increasing misbalance of pricing for goods and raw materials, ageing of world population, weak coordination of the world economic policy. Author comes to conclusion that present global crisis is global political and social crisis, in addition to its economic and financial character. This is the crisis of civilization. Real task connected with this global crisis is to outline new course to the wider and stronger economic stability, social justice and economic stability of world development

Last modified: 2016-12-19 09:11:28