Conceptual approaches to economic growth: The need to transform national financial policy imperatives

Turbulent global processes, driven by the slowdown in the economy growing, including developed countries, require further understanding of the role of financial factors, the heterogeneous impact of which is conditioned by the globalization of financial markets. The analysis of existing conceptual ap...

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Main Author: H. Telnova
Format: Article
Language:English
Published: Simon Kuznets Kharkiv National University of Economics 2020-01-01
Series:Економіка розвитку
Subjects:
Online Access:https://ecdev.com.ua/journals/t-18-4-2019/kontseptualni-pidkhodi-do-zabezpechennya-ekonomichnogo-rostu-neobkhidnist-transformatsiyi-imperativiv-natsionalnoyi-finansovoyi-politiki
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author H. Telnova
author_facet H. Telnova
author_sort H. Telnova
collection DOAJ
description Turbulent global processes, driven by the slowdown in the economy growing, including developed countries, require further understanding of the role of financial factors, the heterogeneous impact of which is conditioned by the globalization of financial markets. The analysis of existing conceptual approaches to economic growth allows identifying bottlenecks of the national financial architecture and specifying positive aspects of successful development. The study proved the need to generalize the provisions of the Keynesian and neo-liberal theory (avoiding unipolar compositions financial architecture), supplementing them with recommendations for implementing financial dirigisme in the face of economic shocks. Given the need to transform national financial policies, the focus is on creating conditions for development of the real economy, as a main source of economic growth, through the government support
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spelling doaj.art-beee61d0494341a68cbdc7f2a0264f0a2024-03-14T14:04:55ZengSimon Kuznets Kharkiv National University of EconomicsЕкономіка розвитку1683-19422304-61552020-01-01184110http://doi.org/10.21511/ed.18(4).2019.0146Conceptual approaches to economic growth: The need to transform national financial policy imperativesH. TelnovaTurbulent global processes, driven by the slowdown in the economy growing, including developed countries, require further understanding of the role of financial factors, the heterogeneous impact of which is conditioned by the globalization of financial markets. The analysis of existing conceptual approaches to economic growth allows identifying bottlenecks of the national financial architecture and specifying positive aspects of successful development. The study proved the need to generalize the provisions of the Keynesian and neo-liberal theory (avoiding unipolar compositions financial architecture), supplementing them with recommendations for implementing financial dirigisme in the face of economic shocks. Given the need to transform national financial policies, the focus is on creating conditions for development of the real economy, as a main source of economic growth, through the government supporthttps://ecdev.com.ua/journals/t-18-4-2019/kontseptualni-pidkhodi-do-zabezpechennya-ekonomichnogo-rostu-neobkhidnist-transformatsiyi-imperativiv-natsionalnoyi-finansovoyi-politikiconcepteconomic growthtransformationparadigmfinancial politics
spellingShingle H. Telnova
Conceptual approaches to economic growth: The need to transform national financial policy imperatives
Економіка розвитку
concept
economic growth
transformation
paradigm
financial politics
title Conceptual approaches to economic growth: The need to transform national financial policy imperatives
title_full Conceptual approaches to economic growth: The need to transform national financial policy imperatives
title_fullStr Conceptual approaches to economic growth: The need to transform national financial policy imperatives
title_full_unstemmed Conceptual approaches to economic growth: The need to transform national financial policy imperatives
title_short Conceptual approaches to economic growth: The need to transform national financial policy imperatives
title_sort conceptual approaches to economic growth the need to transform national financial policy imperatives
topic concept
economic growth
transformation
paradigm
financial politics
url https://ecdev.com.ua/journals/t-18-4-2019/kontseptualni-pidkhodi-do-zabezpechennya-ekonomichnogo-rostu-neobkhidnist-transformatsiyi-imperativiv-natsionalnoyi-finansovoyi-politiki
work_keys_str_mv AT htelnova conceptualapproachestoeconomicgrowththeneedtotransformnationalfinancialpolicyimperatives