Bìznes Inform (Mar 2017)

On Clustering during and after Crisis as the Tool for Analyzing the Global Economic Architecture

  • Kobylianska Alla V.

Journal volume & issue
Vol. 3
pp. 21 – 26

Abstract

Read online

The article is aimed at analyzing the development of global economy from the viewpoint of formation of ideas of its aggregation by means of the cluster analysis. It is found that during 1995-2014 in the world there were about 20 countries which GDP in total amounted to 80% of the global GDP. According to these data Japan, the USA, Germany, China, and Brazil formed a kernel of global economy. Further results of the cluster analysis have allowed to draw conclusions that during the observation period the United States and the Russian Federation remained the main centrodes of global economy. Despite the crisis of 2008, integration of global economy continued, most notably from the viewpoint of monetary indicators. The subsequent researches should be concerned with studying the economic policy directed to the internal economic development, the external relations, and formation of global economic policy, as well as to analyzing economic relations between the identified centrodes and other countries. This will help to understand the reasons of the contemporary global economic integration and to prognosticate its development in the future.

Keywords