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Title: Systemic crisis of the world economy or the end of the "Bourgeois mode of production"
Authors: Sutyagin, Vladislav Yuryevich
Radyakova, Yana Yuryevna
Kolesnichenko, Elena Alexandrovna
Bespalov, Mikhail Vladimirovich
Pakhomov, Nikolai Nikolaevich
Keywords: Global Financial Crisis, 2008-2009
Crisis management -- International cooperation
Gross domestic product
Issue Date: 2017
Publisher: University of Piraeus. International Strategic Management Association
Citation: Sutyagin, V. Y., Radyakova, Y. Y., Kolesnichenko, E. A., Bespalov, M. V., & Pakhomov, N. N. (2017). Systemic crisis of the world economy or the end of the "Bourgeois mode of production". European Research Studies Journal, 20(3B), 412-431.
Abstract: Despite the fact that since the beginning of the global financial crisis of 2008 nearly nine years has passed, the world economy has not come to a steady trajectory of development. In the article it is shown that the crisis has a systemic character and it is connected with the managing model. The fundamentals of methodology are represented by the analysis of dynamics of macro indicators of 10 leading economies of the world the contribution of which exceeds 61% of world GDP. In this research macroeconomic, demographic indicators, indicators of money supply, etc. were analyzed. In the research it was revealed that the current state of the world economy is characterized by a number of contradictions in the field of investments, demography, central government debts, and monetary regulation of all leading economies of the world. It is possible to cope with them within the existing economic paradigm thanks to the constant economic growth, the opportunities of which are almost exhausted within the developed managing model (called by K. Marx in "the bourgeois way of production" and the uniform, global market).
ISSN: 11082976
Appears in Collections:European Research Studies Journal, Volume 20, Issue 3, Part B

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