Transformation of Criteria for the Efficiency of Economic Activities of Countries in the Context of the Modern Model of Globalization

Abstract

Although macroeconomics as an independent economic science emerged only in the twen­tieth century, the first steps in developing the macroeconomic aspect of efficiency were taken several centuries earlier — beginning from the 16th — 17th centuries — at the pre-industrial stage of development of society. Due to the underdevelopment of the production sphere, the search for sources of growth in the efficiency of national economies at that time was mainly carried out from the most general economic positions — as an integral part of solving the main task of the economics of those eras — searching for ways and means of increasing the wealth of nations. At the same time, naturally, among the first were the climatic and foreign economic factors of increasing the efficiency of national economies. For example, factors related to identifying the advantages of various countries in a geographic location and the ability to solve their economic problems by using the most advantageous options for organizing and conducting foreign economic and trade relations. The transition of developed countries to new stages of development — industrial and postindustrial, as well as the selection by John M. Keynes of the new direction of economic research — macroeconomics, historically leads both to a deepening of the meaning of the very category of “macroeconomic efficiency” and to more detailed studies of factors affecting it.