Global recession or new state interventionism - effects and measures in the social sphere Cover Image

Глобална рецесија или нов државен интервенционизам - ефекти и мерки во социјалната сфера
Global recession or new state interventionism - effects and measures in the social sphere

Author(s): Jovan Pejkovski
Subject(s): Supranational / Global Economy, Governance, Social development, Economic development, Globalization, Socio-Economic Research
Published by: Филозофскиот факултет во Скопје
Keywords: recession; global economy; social sphere; measures; intervention; effects on national economy;

Summary/Abstract: The globalization has contributed towards changes, towards growth and development that produced positive effects, which are imbalanced. When recession and crisis hit global markets it is of immense importance to undertake measures that provide and safeguard current reproduction. The analysis of the crises, along the economic aspect should also take into consideration social aspects as well. The social aspects are also vital which if not mitigated could endanger the survival of the system. Therefore, it might be said that a new world financial order is needed, to tackle the future financial and real crises, but also osculation in the social sector that will have affect on the social development. This means than the undertaken measures should not have ad-hock and remedial purpose, but they should be fundamental and targeted towards creation of a new system that will provide stability, efficiency as well as social justice, on the long term. The global capitalism, the global economy, the global financial and real market are in need of new global rules, but also global institutions that will regulate global markets and processes, as well as social aspects of living. The current trend is directed towards strengthening of regulatory mechanisms of the states that is introduction of principles of state intervention in the condition of market economy, which should enable the normal functioning of the societies. This is also accompanied with international regulation to which the states will transfer part of their responsibilities to provide for stability in the wider context.

  • Issue Year: 2008
  • Issue No: 2
  • Page Range: 147-164
  • Page Count: 18
  • Language: Macedonian