BUSINESS INFORM №8-2017

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Section: Globalization Processes in the Economy
UDC 339.92
Pyroh O. V., Maksymchuk I. S.
Evaluating the Stability of the Economic Development of Global Cities (p. 57 - 65)
The objectives of the article are: studying the socio-economic tendencies in the development of global cities, defining the characteristics of their economic development, and evaluating the stability of their economic development over the medium term (2000-2014). Having tested the hypothesis of the impact of innovation activity on the economic growth, it can be argued that the economic growth of global cities is achieved primarily through job creation and employment generation, and then, finally, due to innovation activity. It has been suggested that stability of the economic development of global cities be evaluated by means of an integral method that has helped to determine that the global cities of the Alpha ++, Alpha + and Alpha sub-groups are evolving steadily, while the global cities of sub-groups Alpha-, Beta +, Beta–, Gamma, Gamma–, and High sufficiency are characterized by unstable and rapid economic growth.
Keywords: global cities, world economy, stability, economic development, integral method, innovation activity, foreign direct investment.
Fig.: 3. Tabl.: 3. Formulae: 1. Bibl.: 9.

Pyroh Olha V. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Management and International Business, Scientific-Educational Institute of Economics and Management of the Lviv Polytechnic National University (5 Mytropolyta Andreia Str., Lviv, 79013, Ukraine)
Email: [email protected]
Maksymchuk Iaroslava S. – Candidate of Sciences (Economics), Senior Lecturer, Department of Business Economy and Information Technology, Lviv Polytechnic National University (12 Stepana Bandery Str., Lvіv, 79013, Ukraine)
Email: [email protected]

Article is written in Ukrainian
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Reference to this article:
Pyroh, Olha V., and Maksymchuk, Iaroslava S. (2017) “Evaluating the Stability of the Economic Development of Global Cities.” Business Inform 8:57–65.

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