META ANALYSES AND CONTROVERSY ABOUT FINANCIALIZATION, GROWTH AND STABILITY A LOOK FROM POST-TRANSITION COUNTRIES OF LAST DECADE

Authors

  • Kristijan Ristic Bussines and law faculty University Union – Nikola Tesla, Belgrade, Serbia

DOI:

https://doi.org/10.2478/eoik-2020-0005

Keywords:

neoliberalism, growth, stability, doctrinal diversification

Abstract

In the recent theory of economic growth, there are multiple explanations for the “downward trend of economic growth”, which is already happening during the past decade in developed and emerging markets. Almost all economists have avoided researching the “hypothesis of a world without growth”, dealing with Krugman’s rhetoric of “secular stagnation is probable” or thinking about Koehn’s rhetoric get rid of dependence on growth”. The cult of growth is embedded in the economic, political and social heads so deeply that for each of them growth is an imperative of life and death. By reviewing certain literature and papers, we can draw a conclusion about trends in the world economy, the dominant macroeconomic mainstream and reconsider and we can a critically resist the role of “rule taker” in the economic policy of post-transition countries in the past ten years. Tis paper does not investigate or establish a research gap, and does not offer a solutions to current problems that may arise from comparative analyzes, but give a qualitative assessment of the neoliberal tone of global economic policy, note the controversies of economic growth and financial stability and reinterprets earlier doctrinal conflicts in the global economy, which can give perspective possible solutions or policies for post-transition countries today. The key goal of this paper is to give rise to future research.

References

Harvy, D. (2012) Kratka istorija neoliberalizma, Mediteran Publishing, Beograd

Gregory, P. & Stuart, R. (2015) Globalna ekonomija i njeni ekonomski sistemi, Ekonomski fakultet, Beograd.

Greif, A. & Iyigun, M. (2013). Social organizations, violence, and modern growth. American Economic Review Papers and Proceedings.

Krugman, P. (2012) Okončajte ovu depresiju. Odmah!, Helix, Smederevo.

Piketi, T. (2014) Kapital u XXI veku. Akademska knjiga. Novi Sad.

Ristić, K. & Živković, A. & Marjanović, N. (2018). Kontroverze ekonomskog rasta i finansijske stabilnosti, Quantitative and qualitative analysis in economics, Faculty of economics, Universitet of Nis.

Stiglitz, J. (2019) Globalizacija i njene protivrečnosti – antiglobalizacija u Trampovoj eri, MibaBook. Beograd.

Stiglitz, J. (2019) People, Power, and Profits: Progressive Capitalism for an Age of Discontent, W.W. Norton, April 2019. Also published in the UK by Allen Lane/Penguin.

Stiglitz, J. (2019) After Neoliberalism: The Need for a New Paradigm, Speech during presentation of Honorary Doctorate, École Normale Supérieure de Lyon, Lyon, France, November 5, 2019.

Stiglitz, J. (2019) An Alternative Vision for the Global and European Economies, speech at the European Trade Union Confederation conference, Vienna, Austria, May 22, 2019.

Stiglitz, J. (2019) Structural Transformation, Deep Downturns, and Government Policy,” The Oxford Handbook of Structural Transformation, Célestin Monga and Justin Yifu Lin (eds.), Oxford: Oxford University Press, pp. 35-44, March, 2019.

Živković, A. & .Ristić,K. (2020). Analysis the functional domain of doctrinal approaches in monetary theory and policy. Ekonomika, Društvo ekonomista, Niš.

Živković, A. & Lakić, S. & Ristić, K. (2019). Monetarni menadžment, monography, Ekonomski fakultet, Beograd.

Downloads

Published

2020-06-30

How to Cite

Ristic, K. . (2020). META ANALYSES AND CONTROVERSY ABOUT FINANCIALIZATION, GROWTH AND STABILITY A LOOK FROM POST-TRANSITION COUNTRIES OF LAST DECADE . ECONOMICS - INNOVATIVE AND ECONOMICS RESEARCH JOURNAL, 8(1), 41–49. https://doi.org/10.2478/eoik-2020-0005