Bylinyak Stanislav

Misbalances in the global economy

ЮГО-ВОСТОЧНАЯ АЗИЯ: АКТУАЛЬНЫЕ ПРОБЛЕМЫ РАЗВИТИЯ, 2011, №16, 20-32

 
Annotation: S.А. Bylinyak in his paper entitled «Misbalances in the global economy» states that a number of serious misbalances is inherent in modern world economy which is the result of the intensive globalization period. For the time being only positive side which had facilitated economic growth and science and technological advance was seen in it. However the 2008-2010 global crises revealed negative aspects in this process. Many states including the countries of Southeast and East Asia made too much emphasis on export orientation, ignoring the prospects of production for domestic consumption. The author concludes that the crisis proved that this sphere should be given more attention.

Keywords: GLOBAL FINANCIAL AND ECONOMIC CRISIS, THE COUNTRIES OF SOUTHEAST AND EAST ASIA - THE STRATEGY OF DEVELOPMENT, STRUCTURE OF ECONOMY, EXPORT-ORIENTED ECONOMY, INDUSTRIES FOR DOMESTIC MARKET, DISPROPORTIONS CAUSED BY THE GLOBAL CRISIS, ADAPTATION OF THE SOUTHEAST ASIAN COUNTRIES TO NEW TRENDS IN THE WORLD ECONOMY, GROSS DOMESTIC PRODUCT (GDP) OF SOUTHEAST ASIA