Interaction between Developed and Developing Countries � Growth Factor of Imbalances in the Global Economy (Theoretical Insight)

Oleg Grigoriev and Mitko Hitov
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Oleg Grigoriev: University of Neoconomics, Moscow, Russia
Mitko Hitov: University of National and World Economy, Sofia, Bulgaria

Godishnik na UNSS, 2014, issue 1, 39-86

Abstract: This paper tries to made analysis to several important, from a theoretical point of view, questions of economical science related to the role of investments in the developing countries to ensure sustainable economic growth rates and how looks at this role orthodox economical science. Discussed are the conditions that create the conditions for mutual trade between economies with different levels of division of labor, difficulties faced by this process and the ambiguously perception by the societies and elites in poor countries. Detailed analyzes monoculture interaction as an initial form of conducting business exchanges between developed and developing countries, bring out the causes and mechanisms of development of the process, as reasoned determines the "third" force, which digested the main part of the benefit, generated within such commercial interaction. Consider the investment type of interaction, its terms and conditions, practical course of development process, and mechanisms for his institutional guarantee and stages of flow. In this context, is analyzing the problem of raw curse of certain economies, associated with the presence of natural advantages in some or other natural resources. Attention is drawn to the modern interpretation on the part of orthodox economical science, introduced its factors "knowledge capital" and "innovation", which attempt to fill gaps in economic theory with an explanation of these or other processes and trends, mainly related with the determination of scientific and technical progress. For the scientific and technical progress are indicated some current trends, regarding to directions of its flow.

Date: 2014
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