The Economic Dynamics of the EU in Relation to the Dynamics of the World Economy from 1970 to the Present
The Economic Dynamics of the EU in Relation to the Dynamics of the World Economy from 1970 to the Present

Author(s): Kaloyan Valentinov Haralampiev, Georgi Naidenov
Subject(s): Politics / Political Sciences, Economy, Supranational / Global Economy, Geopolitics
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: economic dynamics of the EU; dynamics of the world economy; gross domestic product; Kondratiev waves; great depression; world war
Summary/Abstract: A comparative analysis is made of the economic dynamics of the EU in relation to the dynamics of the world economy from 1970 until now. Several economic indicators are analyzed – Gross domestic product in dollars at constant 2015 prices, exports and imports in dollars at constant 2015 prices, research and development expenditures as a percentage of GDP, and data on dealing with the coronavirus pandemic 19. The complex situation facing the world and European economies is outlined in relation to the specific moment in which they find themselves – at the bottom of the transition from the first to the second Kondratiev long waves – respectively the risks of a Great Depression and a world war.

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