Price Levels, Size, Distribution and Growth of the World Economy: Insights from recent International Comparisons of Prices and Real Product

2021 ◽  
Author(s):  
Alan W. Heston ◽  
D. S. Prasada Rao
Keyword(s):  
Size Distribution ◽  
World Economy ◽  
International Comparisons ◽  
Price Levels ◽  
The World ◽  
Real Product

Chapter II. the World Economy

1981 ◽  
Vol 98 ◽  
pp. 29-46
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Slow Growth ◽  
Oecd Countries ◽  
Depressive Effect ◽  
Price Levels ◽  
The World ◽  
Oil Shock

After four successive years of declining rates of economic growth in OECD countries, a fifth in 1981 now seems quite likely. The ‘second oil shock’ of 1979 must take much of the blame for the particularly slow growth this year and last. But in the year in which it occurred any depressive effect may well have been quite small, as it seems to have encouraged stock accumulation in anticipation of more rapid increases in price levels generally. And even before 1979 output had been rising much more slowly than in the years preceding the first ‘shock’ of 1973-4.

scholarly journals ECONOMIC GROWTH IN THE LARGE AND SMALL-SCALE ECONOMIES AND THE ROLE OF RESOURCES IN CONVERSION OF ENERGY-ORIENTED TO INNOVATION-DRIVEN ECONOMY

Ekonomika ◽  
2009 ◽  
Vol 88 ◽  
pp. 52-65 ◽  
Author(s):  
Natalia Kuznetsova
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Global Financial Crisis ◽  
Historical Context ◽  
International Comparisons ◽  
Scale Economies ◽  
Small Scale ◽  
Investigation Methods ◽  
The World

The article deals with the economic growth in different scale economies, namely, resource-abundant and resource–driven countries and chances for the conversion of the latter into the knowledge-based mode of development. The paper deals with two problems 1) economic growth in different groups of the small-scale countries of the world economy through the estimate of the historical context ; 2) dynamics of the assessment in small and large transit economies.The goal of the article is to promote the idea of the resource-rich economies which find themselves at different stages of overcoming transitivity from the curse to the blessing type of economic growth. The hypothesis of the article is that sustainable economic development and continuous economic growth in transit economies could be achieved by means of the formation of the rent capitalism model in the large resource-rich countries. The methods used in the article are analysissynthesis, historical and logical methods of investigation, methods of international comparisons. The main conclusion of the article is that due to the formation of rent capitalism model growing gigantic countries play a predominant role in the world economy and in the global financial markets gaining the role of the savior during the expansion of the global financial crisis.

Russia and China: The Vector of Development of Economic Cooperation

2004 ◽  
pp. 113-122
Author(s):  
L. Kabir
Keyword(s):  
World Economy ◽  
Economic Cooperation ◽  
Point Of View ◽  
Basic Commodity ◽  
The World ◽  
Economic Ties

This article considers the basic tendencies of development of trade and economic cooperation of the two countries with accent on increasing volumes and consolidating trade and economic ties in Russian-Chinese relations. The author compares Russian and Chinese participation in the world economy and analyzes the counter trade from the point of view of basic commodity groups.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

Two Years after the Crisis: Do Risks of the Second Wave Become Stronger?

2011 ◽  
pp. 4-20
Author(s):  
M. Ershov
Keyword(s):  
High Risk ◽  
World Economy ◽  
External Shocks ◽  
Global Imbalances ◽  
Russian Economy ◽  
The World ◽  
The Future ◽  
Second Wave

With signs of normalization seemingly in place in the world economy, a number of problems show the possibility of aggravation in the future. The volume of derivatives in American banks grows significantly, high risk instruments are back in place and their use becomes more active, global imbalances increase. All of the above requires thorough approaches when creating mechanisms which can neutralize external shocks for the Russian economy and make it possible to develop in the new post-crisis environment.

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