World, Europe, Serbia. A comparative analysis of the most important relationships and interactions

Scientific Study , 2013 , 4 Pages

Economics - Macro-economics, general

The subject of this comparative analysis of the most important macroeconomic relationships and interactions in a sample of 46 countries, including most developed countries Europe, but the largest non-European countries that are developing rapidly. That give a twofold result. An insight into the changes in the global balance "economic power". The second, better understanding of milieu EU, which Serbia considers as "Port Hope", which will not only receive us with open arms, then would be willing to drag our little boat, which was in poor condition, in the last resort but without a lot of our efforts and sweat.

Comprehensive analysis exists in the Serbian language in the article "Europe in the world, Serbia in Europe - Comparative Analysis of the most important relationships and interactions." There, in English, are specified section titles, and at the end the Integral table with integral numerical factography.

Inhaltsverzeichnis (Table of Contents)

• The level of GDP per capita and GDP growth rates, show major and divergent imbalances in the modern, globalized world economy
• The necessity of distinguishing and applying appropriate statement in a constant value in the current (current) value of U.S. $
• Large differences / imbalances in the achieved level of real GDP per capita and current rates of real economic growth
  • Large differences / imbalances in the level of real GDP per capita
  • Large differences in rates of economic growth - "counter-imbalance" enormous differences in per capita GDP
• Even though it does not say so openly and loudly, in the area of commodity markets and aggregate demand are the primary causes of many imbalances - and the global crisis
• Searching for the causes of uneven economic growth in the number of relationships and interdependencies in the formation and use of GDP
  • In most developed countries, there is an evident trend of neglecting the real economy favoring the formatting GDP from services, particularly financial - the phenomenon of financialization
  • Government final consumption and final consumption of households have a significant impact on the level of savings, investment and economic growth
  • Levels of domestic investment and domestic savings - an important determinant of economic growth, and foreign debt
• Just some of the crucial dilemmas of EU integration of Serbia, which imposed factography and elaboration in this article
• Integral factography of GDP per capita as an indicator of the level of development, its growth rate as indicators of the dynamics of development, the determinants in domain formation and use of GDP and its implications in the form of external debt per capita

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

This article aims to provide a comparative analysis of the most important macroeconomic relationships and interactions in a sample of 46 countries, including most developed countries in Europe, as well as rapidly developing non-European countries. The analysis aims to provide insights into the changes in the global balance of "economic power" and to better understand the European Union's role as a "Port Hope" for Serbia, as Serbia considers joining the EU.

• Global economic imbalances
• Factors influencing GDP growth and development
• The role of the European Union in global economic relations
• The challenges and implications of Serbia's EU integration
• The significance of financialization in developed economies

Zusammenfassung der Kapitel (Chapter Summaries)

• The initial section of the analysis highlights the significant disparities in GDP per capita and growth rates across the globalized world economy. It emphasizes the presence of major imbalances between developed and developing nations.
• The analysis then delves into the crucial distinction between presenting economic data in constant and current values, particularly using the U.S. dollar as a reference point. This section emphasizes the need for proper accounting practices in assessing economic performance.
• Further examination reveals substantial differences in real GDP per capita levels and economic growth rates. The analysis examines the "counter-imbalance" created by significant disparities in per capita GDP across different countries.
• The analysis explores the role of commodity markets and aggregate demand as fundamental drivers of economic imbalances and global crises. This section highlights the complexities of managing economic fluctuations in a globalized world.
• The article investigates the diverse relationships and interdependencies that impact GDP formation and utilization. This section explores the concept of financialization, where developed countries prioritize service sectors over the real economy.
• The analysis then emphasizes the substantial influence of government and household consumption expenditures on savings, investment, and economic growth. It underscores the importance of fiscal policies in fostering sustainable economic development.
• The final section focuses on the key determinants of economic growth, including domestic investment, savings, and foreign debt. This section provides insights into the factors that influence a country's economic trajectory and its potential for integration into the global economy.

Schlüsselwörter (Keywords)

This article focuses on macroeconomic relationships, global economic imbalances, GDP growth and development, financialization, EU integration, and Serbia's economic prospects. The analysis utilizes data from various sources, including the World Bank and other international organizations, to provide a comprehensive and insightful examination of these key concepts.

• College: University of Novi Sad
• Course: Economics
• Author: Stanko Radmilovic (Author)
• Publication Year: 2013
• Pages: 4
• Catalog Number: V267111
• ISBN (eBook): 9783656592471
• ISBN (Book): 9783656592440
• Language: English
• Tags: Stanko Radmilovic, World, Europe, Serbia, largest non-European, developing rapidly, global balance. "economic power", "Port Hope", GDP per capita, GDP growth rates, divergent imbalances