The relationship between the distribution of GDP and sustainable economic development is considered.The main objective of the global economy harmonization is to ensure a balanced distribution of the world GDP. The growing economic inequality, financial and social crises as well as environmental...

The existence of the macroeconomic cycle in the global economy is discussed. The macroeconomic cycle was evolutionary formed under the dominant influence of the annual cycle of grain production. Thus, in the current global economy, the money supply to GDP ratio is about the same as it was in the...

The objective of this paper is to propose an analytical framework to examine the foundations of the theory of efficient growth. The theory of efficient growth is a newly developed theory based on the principles of the neoclassical framework. It argues that an economy grows efficiently under two...