Price competition or price stability: a dualism of the policy of economic growth

V. Heyets

Economy and Forecasting, 2005, issue 4, 9-31

Abstract: The author has based his reasoning on the fact that, in philosophical sense, dualism, on the one hand, is understood as a category according to which two individual bases of economic stabilization are considered equal, and it is possible to arrange them in order to achieve that stabilization providing each of the two is simultaneously directed to ensure economic growth. On the other hand, dualism in economic policy can be also considered in its different philosophical interpretation, i.e. as a kind of pluralism. In this case, there exists a multitude of bases to ensure the conditions for a stable economic growth. Using the data on the conditions and factors of the development of Ukraine's economy in 2000-2005, the author, in accordance with the above mentioned methodological approaches, has made an attempt to justify the advisability to use one of the anchors of economic stability mentioned in the article's title, which, in his opinion, may serve a basis to ensure this country's economic growth in medium-term perspective.

Date: 2005
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