Preview

Voprosy Ekonomiki

Advanced search
Open Access Open Access  Restricted Access Subscription Access

World Economy: Forecast for the Year 2050

https://doi.org/10.32609/0042-8736-2008-5-62-79

Abstract

Forecasting long-term trends in the world economy is a necessary element of elaborating a strategy of economic development. The forecast for 2025 and 2050 has been worked out using concepts of Kondratieff long waves, catching-up pathways of development as well as modern trends in demographic processes. The estimates of changes in the geographic structure of the world economy, so derived, are compared with forecasts based on extrapolation of trends in the last 30 years of the 20th century, made up by prominent think tanks. The formation of the multi-center structure of the world economy and probable emergence of Russia as one of the global powers may imply that worldwide cooperation in securing supply of natural resources and protecting the environment will become a crucial problem of international relations.

About the Author

V. Klinov
MGIMO University
Russian Federation


References

1. Мир на рубеже тысячелетий (прогноз развития мировой экономики до 2015 г.) / ИМЭМО РАН. М.: Новый век, 2001.

2. Мировая экономика: прогноз до 2020 г. / Под ред. А. А. Дынкина. М.: Магистр, 2007.

3. Alesina A., Giavazzi F. The Future of Europe. Reform or Decline. Cambridge, MA, 2006.

4. Barro R. J., Lee J. W. International Data on Educational Attainment: Updates and Implications // CID Working Paper 42. 2000.

5. Economic Report of the President. Washington: GPO, 2007.

6. Evolution of the Population // OECD Factbook 2007.

7. Expenditure on R&D // OECD Factbook 2007.

8. How to Deal with a Falling Population // The Economist. 2007. July 28.

9. Kristensen T. Development in Rich and Poor Countries. N.Y.: Praeger, 1974.

10. Maddison A. The World Economy Historical Statistics. Paris: OECD, 2003.

11. Poddar T., Yi E. India's Rising Potential // Goldman Sachs Global Economics Paper 152. 2007.

12. Poncet S. The Long Term Growth Prospects of the World Economy: Horizon 2050 // CEPII Working Paper 16. 2006.

13. Population Growth Rates // OECD Factbook 2007. Paris: OECD, 2007.

14. Public and Private Education Eexpenditure // OECD Factbook 2007.

15. Real GDP Growth // OECD Factbook 2007.

16. Social Expenditure // OECD Factbook 2007.

17. Survey of Current Business. 2005. No 9.

18. Technical Change and the World Economy. Convergence and Divergence in Technology Strategies / J. Hagedoorn (ed.). Aldershot: Edward Elgar, 1996.

19. The Wall Street Journal Europe. 2003. Nov. 7-9.

20. Wilson D., Parashothaman R. Dreaming with BRICs: The Path to 2050 // Goldman Sachs Global Economics Paper 99. 2003.


Review

For citations:


Klinov V. World Economy: Forecast for the Year 2050. Voprosy Ekonomiki. 2008;(5):62-79. (In Russ.) https://doi.org/10.32609/0042-8736-2008-5-62-79

Views: 993


ISSN 0042-8736 (Print)