The impact of monopolism on the stability of economic development in the conditions of globalization

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Abstract

The article discusses the impact of the level of monopolization of markets on the sustainability of economic development and, above all, on the development of inflationary processes in terms of the reproduction approach in the global economy. The purpose of the article is to show the key role of monopolism in the genesis of inflation and its negative impact on the sustainability of economic development. The article uses a reproductive approach to the analysis of economic phenomena and processes. Using dialectical materialistic and concrete historical methods, it is shown how monopolism contributes to the development of inflation at all stages of the reproductive process. So, in Russia throughout the entire period of reforms, with the exception of individual years, the producer price index of industrial products grew faster than the consumer price index, and prices in more monopolized industries grew much faster than in less monopolized ones, which confirms the important the role of monopolies in the unwinding of the inflationary process.
Translated title of the contributionВЛИЯНИЕ МОНОПОЛИЗМА НА УСТОЙЧИВОСТЬ ЭКОНОМИЧЕСКОГО РАЗВИТИЯ В УСЛОВИЯХ ГЛОБАЛИЗАЦИИ
Original languageEnglish
Title of host publication19TH INTERNATIONAL SCIENTIFIC CONFERENCE GLOBALIZATION AND ITS SOCIO-ECONOMIC CONSEQUENCES 2019 - SUSTAINABILITY IN THE GLOBAL-KNOWLEDGE ECONOMY
EditorsT Kliestik
PublisherEDP Sciences
Number of pages7
DOIs
StatePublished - 2020
Event19th International Scientific Conference Globalization and Its Socio- Economic Consequences - Sustainability in the Global-Knowledge Economy - Rajecke Teplice, Slovakia
Duration: 9 Oct 201910 Oct 2019

Publication series

NameSHS Web of Conferences
PublisherE D P SCIENCES
Volume74
ISSN (Print)2261-2424

Conference

Conference19th International Scientific Conference Globalization and Its Socio- Economic Consequences - Sustainability in the Global-Knowledge Economy
Country/TerritorySlovakia
CityRajecke Teplice
Period9/10/1910/10/19

Keywords

  • INEQUALITY
  • TRADE

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