Page 35 - Azerbaijan State University of Economics

N.Akimov., S.Baizakov., A. Oinarov., E.Utembayev: The analysis of the macroeconomic
dynamics and assessment of smart factors’ inputs to the balanced growth rates

where n indicates the number of countries involved in the external trade zone,
and i is the index of the country.
Under the conditions of the balanced economic growth, all goods and services
and national currency units in definite quantities, are equal amongst each other.
These, in the equalized manner, may act as world currencies. These could also be the
US dollar, and the Russian Rouble, and the Kazakhstan‘s Tenge, and oil, and
energy, and gold, as may be deemed relevant.
All businesses in the world need to make a bold breakthrough in
understanding of the principles of irreversibility and the objective need for
virtualizing world‘s currencies. Such measure will help free market economy models
from inflexible administrative-and- command methods of targeting the inflation as
well as restraining the budgetary, financial, debt, and other systems of life
importance, by imposing on them unnecessary norms for setting economic and
business indicators.
A special mention should be made on the development of the private sector of
the economy of the most developed countries that is restrained with certain
regulations, in the same manner as, at its times, was the development of the social
sector in the ex-soviet economy, which was bed-ridden by the planned tasks.
The point is about the rigid administrative- and- command system of indicators,
mandatory for the accession to the EC membership. The irreversibility principle has
become the capable instrument of analyses much needed for the rescue of market
economy models from the life threats of various heavy loaded constraints, being
imposed on them.
The laws of market economy need to be laid down in the basic foundation of
the development of market economy. From the time immemorial, the contradiction
in economic interests has been pre-determined. Not by accident, the majority of
people see the root cause of the economic and financial crises in the system of
distribution of the produced wealth. Plenty of the theories dedicated to the
cooperation between different classes and various doctrines of differing economic
schools will not be able to eliminate the conflict of interests of creative forces and
make the development of market economy sustainable, effective, and societal.
No hand-made system of regulating will be able to remove economic
distresses and nullify huge distortions as they now exist in the market.
The modern trends on increasing the chaos and escalation of conflicts do occur
under the influence of the objective laws of market economy. Thus, the laws have
the rationale to be studied, and universally understood, in order to apply such laws
for removing the distortions in the system of the distribution of the created wealth as
well as in the system of reproduction of the common good.

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