Trends in the world economy and prospects

  • Stepan Polonik Belarusian State University
  • Eleonora Khorobrikh The Institute of Economics of the National Academy of Sciences of Belarus
  • Anna Lytvynchuk The Institute of Economics of the National Academy of Sciences of Belarus
Keywords: global economy, trends, factors, GDP growth estimates, forecasts, the crisis risks reforms, exports, income, ranking countries

Abstract

The article deals with the current trends of the global economy in the context of the following groups of countries: industrialized countries with a market economy, forming as it were the frame of the world economy; the developing countries of Asia, Africa, Latin America and Oceania (or third world countries); countries with economies in transition, represented mainly by the countries of Central and Eastern Europe as well as Russia and Belarus. Subject of research – the world economy in the conditions of market relations. The purpose of research – analysis of trends in the modern world economy by groups of countries and their prospects for economic growth. Research methods – dialectical approach, system, method of comparative analysis. The criteria for the classification of specific groups singled influencing factors and development trends in the world economy, taking into account the structural changes. The analysis of the prospects for economic growth of the countries associated with the per capita income. Presented forecasted ranking of countries in terms of GDP in PPP to 2050 and covered in detail the Republic of Belarus for the socio-economic development up to 2030 and the expected results, which can be used in the development of public authorities plan of socio-economic development of Belarus for the long-term perspective, as well as to support industry programs.

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References

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Author Biographies

Stepan Polonik, Belarusian State University

Polonik Stepan, Deputy Dean of Economic Department

Eleonora Khorobrikh, The Institute of Economics of the National Academy of Sciences of Belarus

Khorobrikh Eleonora, Leading Researcher, Candidate of Economics, Associate Professor

Anna Lytvynchuk, The Institute of Economics of the National Academy of Sciences of Belarus

Lytvynchuk Anna, Postgraduate Student of Belarusian State University, Research Officer

Published
2016-03-22
How to Cite
Polonik, S., Khorobrikh, E., & Lytvynchuk, A. (2016). Trends in the world economy and prospects. University Economic Bulletin, (29/1), 249-259. Retrieved from https://economic-bulletin.com/index.php/journal/article/view/392
Section
Еconomic Theory