Arguments in Favour of Economic Liberalization

Bakirov V. S., Kostenko E.* and Kuklin V. M.
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Bakirov V. S.: Professor, Rector of V. N. Karazin Kharkiv National University, Ukraine
Kostenko E.*: CPA,CGA CFO StrategicAmpersand Inc., Toronto, Canada
Kuklin V. M.: Professor, Head of Department of Artificial Intelligence of V. N. Karazin Kharkiv National University, Ukraine

International Journal of Economics and Financial Research, 2020, vol. 6, issue 7, 139-146

Abstract: The article illustrates the results of the economic development of the first fifteen years of the XXI century under the conditions of unprecedented economic freedom, globalization and the appearance of new informational sectors up to and including the first attempts at revising liberalism. The analysis of statistical data demonstrates an obvious increase in the percentage of well-off people in many countries as well as the increased economic capabilities of small, medium and large businesses, whose assets are distributed among an ever-increasing number of owners. This provides the impetus to review our collective approach to liberalization and globalization, as well as to view its unexpected strong sides that make human progress possible.

Keywords: Liberalization; Economy; Wealth; Middle class. (search for similar items in EconPapers)
Date: 2020
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