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Budgeting Administration and Economic Growth Dynamics in Conditions of National Markets' Integration
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Author(s): Krongthong Khairiree (Suan Sunandha Rajabhat University, Thailand)and Denis Ushakov (International College Suan Sunandha Rajabhat University, Thailand & Russian Academy of National Economy and Public Administration–South, Russia)
Copyright: 2019
Pages: 21
Source title:
Global Trends of Modernization in Budgeting and Finance
Source Author(s)/Editor(s): Denis Ushakov (Suan Sunandha Rajabhat University, Thailand)
DOI: 10.4018/978-1-5225-7760-7.ch001
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Abstract
In this chapter we analyze the macroeconomic indicators of the contemporary economies so that to determine the level of impact from their involvement in the world trade on the stability of their economic development. A new, author's method is offered here to determine the index of economic growth stability for the economies of the 21st century. A correlation is revealed being between economic growth stability and external trade activeness of the today's economies. In the chapter based on the authors' approach to the definition of strategies for fair and effective social compensation, as well as a proposed methodology for calculating the indicators of social compensation strategies feasibility, the conclusions regarding macroeconomic conditions of selecting a state participation program in the process of economic achievements converting into social conditions were done, recommendations on modernization the social compensation policy in the dynamics of integrating markets were also offered.
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