Chinese Joker in the World Pack
In the present article forecasts of China's upcoming development are given. It is shown why China, even with all its possible future success, will be unable to take the USA's place in the World System. The merits and shortcomings of the characteristics of the modern Chinese economic development model are revealed. The conclusion is made that the Chinese economy, with all its achievements, remains generally extensive and, based on the consumption of excessive numbers of various resources and funds and with respect to the attendant investment gain, will become more and more ineffective. The author believes that it will be impossible to reconstruct the Chinese development model and GDP growth rates will slow down soon.
In the coming decades in the process of globalization the position of the USA and Europe will weaken, while the role of developing countries will increase. The role of the two largest emerging economies – China and India – will be of special significance. What future will these fast-growing giants face? The demographers agree that pretty soon India will lead the world in population and thus surpass China, while China will encounter serious population ageing. But economic and political scenarios of the future are quite different: from resounding success and world leadership to collapse caused by demographic and socio-political troubles. Which of them is more feasible? In the present article I analyze the Chinese and Indian development models separately and comparatively and make prognosis of their perspectives in the twenty-first century. Such an analysis could be helpful for understanding Russia's ways of development.
In all three countries, inflation will remain at a low level both this year and in 2015. The disinflation environment, however, may exacerbate problems in the fiscal sphere, especially on the back of sluggish economic performance. This will be important for Croatia and Serbia, where budget expenditures (and hence deficits) will increase this year. Slovenia, on the other hand, is demonstrating stronger fiscal discipline.
Research is carried out article criminally-legal mechanism property protection, its communication with the inflationary and deflationary processes which have become aggravated in the conditions of financial crisis. By the analysis of communication of the criminal law with economic processes it is established that it aggravates property stratification of a modern society.
The monograph analyses both the Great Depression as "the black years" of capitalist world-system and alternative ways out the greatest crisis of the capitalist economy. Authors give main attention F.D. Roosevelt's "New Deal" as the Great Reform in USA but they considers also alternative European ways out the Great Depression (fascism versus liberalism corrected). A special attention is dedicated to mutual influence of Soviet and American economies during socialist industrialisation and "New Deal".
The article presents a review of events in the financial market in 2007-2008. The author studies the interconnection between macroeconomic policy conducted by the USA monetary authorities since beginning of 1980-s till now, and the risks which have concentrated in the financial system and resulted in the crisis. The author specifies the mechanisms of the crisis deepening and broadening, and gives her own evaluation to them.
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.