Abstract

The paper attempts to explore how sustainable is the growth of the world economy as a whole, of the largest regions of the world, of communities and individual national economies by applying the systems theory approach based on assessing dispersion of economic growth rates, calculated on the basis of IMF data for the 1970–2013 period. It is found that the world economic crisis is over. The world economy, as well as economies of the majority of regions, communities and nations all show sustainable growth. Economies of North African countries, of many European Union member states and of Norway show unsustainable growth. The current policy of imposing sanctions on Russia can result in recession in the EU countries and in Norway in the first place.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.