THE MAINSTREAM OF INTERNATIONAL MOVEMENT OF MANUFACTURING FACTORS IN CONDITIONS OF THE WORLD ECONOMY TECTONIC SHIFTS

Authors

  • Yuriy Gumenyuk Ternopil National Economic University

DOI:

https://doi.org/10.35774/jee2018.03.256

Keywords:

International labour migration, factors of production, middle class, foreign direct investment, downsizing, jobs, distribution, labour productivity.

Abstract

The role of ensuring the economy of the country as factors of production for its competitiveness in the world markets of goods and services is substantiated. It is proved that the artificial reduction of the share in the production function of one of the factors leads to an increase in its price (share) in the national product. This gave a chance to scientifically and methodologically substantiate the position according to which emerging market countries must form an effective aggregate demand through the formation of the middle class and any slowing down in this direction leads to cur­tailment of economic development. Instead, the uneven distribution of the global economy is spreading and the death penalty is formed, which consumption costs are motivated by scientific and technological progress.

JEL: F 200, F 220, O 100, O 150.

Author Biography

Yuriy Gumenyuk, Ternopil National Economic University

Doctor of Economic Sciences

References

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Published

16.11.2018

How to Cite

Gumenyuk, Yuriy. “THE MAINSTREAM OF INTERNATIONAL MOVEMENT OF MANUFACTURING FACTORS IN CONDITIONS OF THE WORLD ECONOMY TECTONIC SHIFTS”. Journal of European Economy, vol. 17, no. 3, Nov. 2018, pp. 265-74, doi:10.35774/jee2018.03.256.

Issue

Section

INTERNATIONAL ECONOMICS