Peculiarities of Economic Models in Countries with Different Economic Performance
The article is devoted to economic diagnostics of economic models in countries with different economic performance. While economic growth, macroeconomic equilibrium and balanced social policy are priorities at country level, gaps in the economic performance of countries still exist and widen. This calls for further theoretical search for effective tools for economic diagnosis of economic models, to bridge performance gaps, which determines the relevance of the research topic. Retrospective analysis of economic performance and trans- formations in some regions of the world leads to the conclusion that distribution of economic resources is largely conditional on the institutes. The analysis shows that economic models are path dependent, being integrally linked with the specifics of political systems and goals set at a given historical era; strong and weak sides can be found in each economic model irrespective of the significance of administrative and market mechanisms in it; an essential tendency of global economic development is its cyclic nature, entailing growths and reces- sions in the global economy.
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