MODERNIZATION OF THE ECONOMY AND PRODUCTION AREAS OF DEVELOPED COUNTRIES OF THE WORLD
This article is devoted to the disclosure of vertical and horizontal changes in developed countries, which contributes to increased economic diversification, increased labor productivity indicators, resulting in a wider use of social indicators, in particular the development of a diversified low-carbon economic system based on renewable energy sources and renewable technologies, that resources are united by effective connections. The author highlights climate constraints, in particular, the desire of developing countries for rapid economic development, while keeping emissions into the environment, as well as resource consumption within the ecological limits of the entire planet. To solve this problem, the author proposed macroeconomic priorities necessary to overcome these limitations, which are based on investment policy and strategic interaction and coordination between the private sector and the state, as well as increasing wages and «green budget expansion». The article reveals two types of macroeconomic restrictions. The first are associated with the rejection of harsh expansion of developing countries by other foreign countries as a standard basis for regulating aggregate demand. The second macroeconomic priority is related to tracking the relationship between production and investment decisions.
Keywords: developed countries of the world, labor productivity, growth rates, strategy, structural transformation, investment policy, commodity dependence, economic shocks, diversification strategy, economic instability, diversified low-carbon economic system, macroeconomic priorities.
Information for citation: Kudelya L.V. Modernization of the economy and production spheres of the developed countries of the world // Gosudarstvennoye upravleniye. Elektronnyy vestnik. 2024. No. 104. p.26 – 31. DOI: 10.5281/zenodo.13777472
