Growth and/or development; market and/or plan; foreign and/or national capital?

Boyan Durankev
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Boyan Durankev: Higher School of Insurance and Finance

University Economic Bulletin, 2022, issue 53, 94-98

Abstract: From the management point of view, the economic system (in particular, Ukraine) is characterized (as well as from the structural point of view) by two coordinates: sectoral-transterritorial and territorial-intersectoral management subsystems. In this dichotomy, there are not two, but three subjects of management: transsectoral corporations as centers of management and realization of private interests in the national and transnational aspects; the national state as the center of management and implementation of public interests in the national and intersectoral aspect; The UN and the European Union (where Ukraine aspires) as a center of supranational management and coordination of intersectoral, national and transnational interests. The questions become very interesting: whether to pursue economic growth or economic development; how much to leave on the "market" and how much - on national plans and programs; should we count on foreign, national-private, or national-state capital in the future? Conclusion. As one can see, solving these issues is standing not only before Bulgaria and Ukraine, but also before most countries of the world; in general, the interests of these 7 billion people of the current 7.8 billion people in the world lie in this direction, so these are democratic approaches to socio-economic development.

Keywords: control systems; subsystems; transsectoral corporations; subsystems of transterritorial management; growth; development; market; plans; capital (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:aff:colart:y:2022:i:53:p:94-98

DOI: 10.31470/2306-546X-2022-53-94-98

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