PROSPECTS OF DEVELOPMENT OF THE RUSSIAN ECONOMY IN THE CONDITIONS OF ACTIVIZATION OF EXTERNAL LIMITING FACTORS FROM POSITIONS OF THERMODYNAMICAL MODEL

The analysis of social and economic development of countries in the conditions of the globalization of the world economy which is carried out with the use of thermo-dynamical model showed that interaction of the open economic systems standing on different levels of development can lead to absorption...

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Bibliographic Details
Published inNaucnyj zurnal Kubanskogo gosudarstvennogo agrarnogo universiteta pp. 1692 - 1705
Main Authors Khrustalev E. Y, Slavyanov A. S
Format Journal Article
LanguageEnglish
Published Kuban State Agrarian University 30.10.2015
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Summary:The analysis of social and economic development of countries in the conditions of the globalization of the world economy which is carried out with the use of thermo-dynamical model showed that interaction of the open economic systems standing on different levels of development can lead to absorption or destruction of one systems by others that finally will lead to "thermal death" in economy (stagnation). The closed economic systems can communicate with other countries by means of international trade. Less developed countries can't compete with industrially developed states and will inevitably get under their influence. The isolated economic systems can develop only in the presence of domestic market, resources and rigid social structure. Introduction of the anti-Russian sanctions and other external factors led to restriction of the influence of the foreign capital. Innovative activity in economy and strengthening of government institutions might be observed as a result. The thermo-dynamical model shows that partial isolation of the developing economic system possessing sufficient production and scientific potential leads to stabilization of its structure and growth of the innovative activity
Bibliography:http://ej.kubagro.ru/2015/08/pdf/122.pdf
ISSN:1990-4665
1990-4665