Determinants of Economic Growth in Developing Countries
Journal Title: Journal of European Economy - Year 2018, Vol 17, Issue 1
Abstract
The research of the determinants of economic growth in developing countries is focused to assessing the prospects for the development of this group and its convergence with developed countries. The purpose of research is to identify the determinants of the economic growth of developing countries for the further development of conclusions on their development and convergence with developed countries. The object of research is the economic development of developing countries. The concept of development was investigated in the context of two general approaches, it were estimated its critical remarks and it were established historical links between industrialization and economic growth. It is defined the relationship between the growth rates of the developing countries, their deviations in per capita income and the share in world GDP. It is defined the place of developing countries in world industrial production and export and it is established the influence of industrialization on international trade and investment. It is investigated the degree of attraction of human and physical capital in the production of natural resources and added value. It is analyzed the world level of real wages and It is determined the extent of its promotion in the achievement of high end results of labor. It is estimated the inflation rate and its impact on the profitability of investment projects and it is defined the competitiveness of countries. It is formulated the conclusions on the development of developing countries and the prospects of their convergence with developed countries.
Authors and Affiliations
Roman Zvarych
Keywords
Related Articles
- EP ID EP505153
- DOI -
- Views 76
- Downloads 0
The EU foreign trade in goods and services and the new protectionist policy of the US
About 2/3 of the EU trade is the intra-EU trade, but the extra-EU trade provides additional demand for the European products and is a source of necessary supplies. It is especially important for some products and service...
Divergence and Convergence in the Regional Development in Slovakia
The concept and trends of regional development in Slovakia are analyzed in the article. Based on the analysis of data on key macro- and microeconomic, environmental and socio-demo Figureic indicators, differences within...
Creative Accounting in Greek Football Clubs
Football Clubs tent to manipulate their profits in order to obtain a license to participate in Championships, organized under the supervision of UEFA. This article examines, whether Football Clubs that compete in the Gre...
Formation of the Advanced Multimedia Product Perception Model Based on Convergence of Face-to-Face and Screen-to-Screen Approaches
The article deals with the approach to developing an advertising multimedia product for the promotion or sale of goods or services. Under the advertising product is an advertising video, an interactive commercial, 3-D ad...
The Mainstream of International Movement of Manufacturing Factors in Conditions of the World Economy Tectonic Shifts
The role of ensuring the economy of the country as factors of production for its competitiveness in the world markets of goods and services is substantiated. It is proved that the artificial reduction of the share in the...