Countries of West, East and Russia: Long-term Tendencies, Factors and Contradictions of Economic Development. Part 2

Abstract

In the article, based on a series of computations and models, it is shown, that global economy which on the whole had been rapidly progressing since the start of the 19th century, during the last thirty years has noticeably slowed down rates of its growth. There are investigated causes of the paradoxical phenomenon, when, despite the emergence of foundations of knowledge-based economy in the advanced countries, there came about, according to generally accepted statistics, substantial decrease in growth rates of their GDP and Total Factor Productivity. Also are specified the scales, determinants and major restraints of the Asian economic upsurge as well as major components and contradictions of modern Russian developmental model. There also are provided an assessment of socio-economic and a number of political consequences of unbalanced growth of the world economy and a prognostic estimate of contours of world economic growth for the nearest decade.