DEVELOPMENT OF ECONOMIC CYCLES IN THE CONTEXT OF GLOBAL CHANGES
Keywords:
cyclical economic development, economic cycles, globalization, global structural imbalances, global economic crisis, systemic crisis.
Abstract
In this article, a retrospective analysis of the theory of cyclicity is carried out and approaches to the study of cycles and crises are systematized. The scientists’ observations regarding the identification of the global crisis of 2008-2009 as global are revealed and summarized. It is noted that the latest crisis of 2008-2009 was a consequence of the accumulation of both traditional problems of economic cyclicality and new emerging paradigmatic changes in world development in the conditions of globalization. The focus is on such contradictions of globalization as: technoglobalism, global stratification, global financial liberalization and market fundamentalism.
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Glaz’ev, S. 2009. World economic crisis as process of change of technological ways. Voprosy ekonomiki, no. 3, 26–38. [in Russian].
Kondratiew, H. D. (1989). The problems of economic dynamics. Moscow: Econimy. [in Russian].
Kornejczuk, B. W. (2010). Economists on the causes of the crisis. The Economist, no. 5, 19-26. [in Russian].
Lukyanenko, D. G, Poruchnyk, A. M, Kolot, A. M. (2008). The global economy of the XXI Century: The Human Dimension. [Monograph]. Кiev: КNЕU. [in Ukrainian].
Osipow J. M. (2008). The financial economy as the highest form of the economy's economy. Philosophy of the economy, no. 6, 32. [in Russian].
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Published
2018-04-10
How to Cite
Tkaczenko, O., & Drobiazko, M. (2018). DEVELOPMENT OF ECONOMIC CYCLES IN THE CONTEXT OF GLOBAL CHANGES. Scientific Journal of Polonia University, 28(3), 78-85. https://doi.org/10.23856/2809
Section
Social Sciences
