Wavelets for Long Waves: Was Kondratieff’s Intuition Right?

Focacci, Antonio

doi:10.21203/rs.3.rs-69246/v1

Cited by 1 publication

(1 citation statement)

References 60 publications

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“…A significant number of researchers specializing in the study of this problem (Focacci, 2020;Wilenius, 2014;Tuncel, 2015;Nefiodow & Nefiodow, 2014;Ferasso & Bergamaschi, 2020) consider the period 2015-2020 to be a turning point for the completion of the fifth and beginning of the sixth long Schumpeter cycle and agree that the potential of ICT as a factor of economic growth has been rapidly drying up in recent years. They will be replaced by new technologies -nano-, bio -and medical, artificial intelligence and renewable energy sources, which will determine the trajectory of the global economy in the coming decades.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Global economic crisis of 2020 and a new paradigm of countercyclical management

Poruchnyk

Kolot²,

Mielcarek

et al. 2021

Problems and Perspectives in Management

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The new quality of globalization, which has emerged in the last decade and encompasses drastic changes in the economic, political and technological spheres, gives rise to a number of phenomena that violate the traditional logic of historical progress. One of them is the metamorphosis of the world economic cyclicity that emerged during the global 2020 economic crisis and led to a radical change in its nature, driving forces and regulatory mechanisms. The paper reveals the prerequisites for the crisis caused by traditional and emerging factors and proves its pandemic nature, which manifests itself, on one hand, in the synchronization of national business cycles, and on the other – in the integrative mutual influence of its political, institutional and environmental components. It has been proven that a particularly destructive role in the global regulatory mechanism was played by the “overlap” in space and time of the economic crisis and the health crisis provoked by the coronavirus pandemic. This requires an urgent systematic reform of global countercyclical management institutions based on a gestalt paradigm, which is qualitatively different in principles, goals and tools from the existing mechanisms for managing national economies and multinational enterprises. Scenario forecasts of the post-pandemic future of the world economy through overcoming the growing disintegration and deglobalization trends are outlined.

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Section: Theoretical Backgroundmentioning

confidence: 99%