IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxy2017i3bp412-431.html
   My bibliography  Save this article

Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"

Author

Listed:
  • V.Yu. Sutyagin
  • Ya.Yu. Radyakova
  • E.A. Kolesnichenko
  • M.V. Bespalov
  • N.N. Pakhomov

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).

Suggested Citation

  • V.Yu. Sutyagin & Ya.Yu. Radyakova & E.A. Kolesnichenko & M.V. Bespalov & N.N. Pakhomov, 2017. "Systemic Crisis of the World Economy or the End of the "Bourgeois Mode of Production"," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 412-431.
  • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:412-431
    as

    Download full text from publisher

    File URL: http://ersj.eu/dmdocuments/2017-xx-3-b-38.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Anonymous, 1950. "International Monetary Fund," International Organization, Cambridge University Press, vol. 4(2), pages 322-323, May.
    2. Anonymous, 1950. "International Monetary Fund," International Organization, Cambridge University Press, vol. 4(1), pages 132-133, February.
    3. Anonymous, 1950. "International Monetary Fund," International Organization, Cambridge University Press, vol. 4(4), pages 678-680, November.
    4. Anonymous, 1950. "International Monetary Fund," International Organization, Cambridge University Press, vol. 4(3), pages 491-492, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Svetlana Zenchenko & Wadim Strielkowski & Luboš Smutka & Tomáš Vacek & Yana Radyukova & Vladislav Sutyagin, 2022. "Monetization of the Economies as a Priority of the New Monetary Policy in the Face of Economic Sanctions," JRFM, MDPI, vol. 15(3), pages 1-18, March.
    2. repec:ers:journl:v:special_issue:y:2018:i:1:p:466-478 is not listed on IDEAS
    3. Vladislav Sutyagin & Yana Radyukova & Irina Zinovieva & Svetlana Zenchenko & Valentina Smagina & Nikolay Pakhomov, 2020. "How to Calculate the Share of a Land Plot in the Value of Office and Retail Real Estate: Regression Analysis to Increase the Cadastral Valuation Reliability," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 667-681.
    4. V.Yu. Sutyagin & Ya.Yu. Radyukova & E.A. Kolesnichenko & T.M. Kozhevnikova, 2018. "Issues of the World Economy’s Assessment: The Demographic Factor," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 466-478.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:dau:papers:123456789/12067 is not listed on IDEAS
    2. Gong Cheng & Javier Diaz-Cassou & Aitor Erce, 2019. "The macroeconomic effects of official debt restructuring: evidence from the Paris Club," Oxford Economic Papers, Oxford University Press, vol. 71(2), pages 344-363.
    3. Camba-Méndez, Gonzalo & Serwa, Dobromił, 2016. "Market perception of sovereign credit risk in the euro area during the financial crisis," The North American Journal of Economics and Finance, Elsevier, vol. 37(C), pages 168-189.
    4. Jacques J. Polak, 1995. "Fifty Years of Exchange Rate Research and Policy at the International Monetary Fund," IMF Staff Papers, Palgrave Macmillan, vol. 42(4), pages 734-761, December.
    5. Ashvin Ahuja & Thammarak Moenjak, 2002. "Economic Arrangements and Long-Term Growth in Thailand," Working Papers 2002-05, Monetary Policy Group, Bank of Thailand.
    6. Emilio Espino & Julian Kozlowski & Fernando M. Martin & Juan M. Sanchez, 2020. "Domestic Policies and Sovereign Default," Working Papers 2020-017, Federal Reserve Bank of St. Louis, revised 06 Sep 2023.
    7. Ghosal Sayantan & Miller Marcus, 2015. "Writing-Down Debt with Heterogeneous Creditors: Lock Laws and Late Swaps," Journal of Globalization and Development, De Gruyter, vol. 6(2), pages 239-255, December.
    8. Kose, M. Ayhan & Sugawara, Naotaka & Terrones, Marco E., 2020. "Global Recessions," MPRA Paper 98608, University Library of Munich, Germany.
    9. Donges, Juergen B., 1987. "Trade protectionism and international monetary order: Recalling the relevance of past experience," Kiel Working Papers 304, Kiel Institute for the World Economy (IfW Kiel).
    10. Rod Cross, 2014. "Unemployment: natural rate epicycles or hysteresis?," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(2), pages 136-148, September.
    11. James O. Bukenya & Walter C. Labys, 2005. "Price Convergence on World Commodity Markets: Fact or Fiction?," International Regional Science Review, , vol. 28(3), pages 302-329, July.
    12. Boansi, David, 2013. "Export performance and macro-linkages: A look at the competitiveness and determinants of cocoa exports, production and prices for Ghana," MPRA Paper 48345, University Library of Munich, Germany.
    13. Krueger, Anne O., 1997. "Free trade agreements versus customs unions," Journal of Development Economics, Elsevier, vol. 54(1), pages 169-187, October.
    14. Sara L. McGaughey & Pascalis Raimondos & Lisbeth La Cour, 2018. "What is a Foreign Firm? Implications for Productivity Spillovers," CESifo Working Paper Series 7109, CESifo.
    15. Mr. Jean-Jacques Hallaert, 2007. "Can Regional Integration Accelerate Development in Africa? CGE Model Simulations of the Impact of the SADC FTA on the Republic of Madagascar," IMF Working Papers 2007/066, International Monetary Fund.
    16. Gong Cheng & Javier Diaz-Cassou & Aitor Erce, 2017. "From Debt Collection to Relief Provision: 60 Years of Official Debt Restructurings through the Paris Club," Working Papers 20, European Stability Mechanism.
    17. Mulligan Casey B & Gil Ricard & Sala-i-Martin Xavier X, 2010. "Social Security and Democracy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 10(1), pages 1-46, March.
    18. Mihalache, Gabriel, 2020. "Sovereign default resolution through maturity extension," Journal of International Economics, Elsevier, vol. 125(C).
    19. Denis Cogneau & Sandrine Mesplé-Somps & Gilles Spielvogel, 2015. "Development at the Border: Policies and National Integration in Côte D'Ivoire and Its Neighbors," The World Bank Economic Review, World Bank, vol. 29(1), pages 41-71.
    20. Lubinga, Moses H., 2016. "The role of agricultural trade and policy complementarities in poverty reduction in South Africa," NAMC Publications 253094, National Agricultural Marketing Council.
    21. Mark Wright, 2018. "The Seniority Structure of Sovereign Debt," 2018 Meeting Papers 928, Society for Economic Dynamics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:412-431. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.