Vladimir Yakunin on the new economic order

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Interview with Vladimir Yakunin, the IEF expert, Chairman of the Board of Trustees of “Dialogue of Civilizations” Research Institute, Head of department of state policy of the faculty of political studies at MSU, Doctor of Political Sciences

– Vladimir Ivanovich, how would you define the characteristics of the new economic order?

The outlines of the new economic order have their origins not in the present days; recently we have seen only some new vivid examples. The expert community, including  us as part of Dialogue of Civilizations, warned long time ago about  the certain disequilibrium  in the current globalization model based on the so-called  ideology of globalism – treating approaches and values as universal in all the main spheres of life, from politics up to culture and economics.

Due to the general growing instability in the regions that used to be seen as pillars of globalism – in the U.S., Europe and Asia as well – it is too early to be confident speaking about complete features of prospective models of global development; it is also too early to claim that one of them will be the only one or the prevailing one.  In the meantime, some of their features can already be seen today.  First of all, the new models will be focused not on the changing of statistic data, such as GDP or the amount of national debt, but on development and correlation of economic measures in terms of all spheres of a human’s life and his or her needs.  A human being will be treated not as a limited group of beneficiaries but as a society in general, at least its most politically and economically active part. Hence there appears another necessary condition related to increased significance of values in politics, motivation to preserve values with a human being, refusal of or diminishing the role  of the consumption model in economics, balanced development without direct influence from “global institutions” and unified standards of economic management that should be secured by the state.  The new models of development will aim at bringing the initial role back to the financial sector which is to address the needs of the real sector of economics and to enable the development of infrastructure of people’s lives to a wide extent.  In terms of international relations, the tendency will be developing to build relations based on equality and solidary development with consideration of national and cultural peculiarities. I’d like to emphasize once again that it is not a must for one of the models to become the prevailing one. But all the tendencies will certainly be significant and diminish the risk of a large-scale conflict, which is impossible without the global consensus of mankind and first of all of G-20.

– What are you going to speak about at III plenary discussion  “On the way towards the new world economic  order”?

I am going to speak exactly about peculiarities of the forming world order and will provide the analysis of Euroscepticism phenomenon. Data of long-term and complex research work show that growth rates of the world economy do not have any obvious positive dependence on dissemination of the current globalization model. It is clearly seen with China and some other countries taken as an example. And the level of deindustrialization in Europe, for instance, has become unprecedented for the last 300 years. As a result, the so-called Gini index – correlation of income of the most wealthy part of society and the most unsecured group – was growing, however the real income of families reduced or remained on the same level. The world, and Europe in particular, was rapidly integrating and complied with not only the objective necessity but  rather with ideological imperatives that had been asserted following the end of the Cold War. In the meantime, there is a lack of opportunities for efficient management of the system. That is why there currently appear some distinctive outlines of alternative models regarding the way the world in general, and Europe in particular, are going to develop in terms of economy.