The current unsustainable growth of the world economy is largely a consequence of the crisis of social capital experienced by much of the world's population. Declining social capital leads the economies to excessive growth, because people seek economic affluence as compensation for the emotional...

A key component of economic globalization, foreign direct investment (FDI) plays a special role in stimulating the growth of countries’ competitiveness. This book provides a comprehensive insight into the relationship between foreign direct investment and economic growth, with a special focus...

At global economy level, changes occurred, consisting of transferring production abroad, due to the comparative advantages of moving production in China or in other developing countries, which converge in cost reduction at production level, and, implicitly, in price advantages. The arena of...

This paper analyzes the approach to the global imbalances (and probable global savings deficit) problem in the light of long-term interests of each global actor. It outlines three long-term trends that will change the growth landscape in twenty years to come. Those are population ageing, the...

The article examines the problems of cyclical economic development in the world economy. The trends in economic development and the degree of economic cycle volatility in the world during the 1970-2010 are analyzed. The phenomenon of the Great Moderation as a period of achieving the long-term...

Developed economies have experienced slowing productivity growth in recent decades. Potential common drivers include falling rates of innovation, the fading impacts of ICT and past economic reforms, and shifting economic activity to lower productivity sectors. These are argued to have had...

At global economy level, changes occurred, consisting in transferring production abroad, owing to the comparative advantages of moving production to China or other developing countries, which translate into cost reductions at production level and, implicitly, into price advantages. The...

In 2011 the world economy has registered an involution compared to 2010, due to diminished economic growth in countries with advanced economies. Also, a significant decrease in growth of international trade contributed to the evolution below expectations of the international economy as a whole....

Nowadays it is important that developing countries tap themselves fully to a new philosophy of development that is specific to the European Union and widely shared worldwide – namely the philosophy of transition from economic growth to sustainable development. Thus, concrete targets are now...

Why do some economies grow faster than others? Do economies in the middle-income range face especially difficult challenges producing consistent growth? Using a transition matrix analysis on decade-level growth rates, we find that the data clearly reject the idea that middle-income economies...