Some Elements of the Expansion Mechanism in the World Economy

  • Ziada BORBASOVA Karaganda Economic University, Faculty of Finance, Karaganda, Kazakhstan
  • Yuri OSSIK Karaganda Economic University, Karaganda, Kazakhstan
  • Baurzhan TOLYSBAYEV Gumilyov Eurasian National University, Astana, Kazakhstan
  • Sairan ULAKOV Karaganda Economic University, Faculty of Economy, Karaganda, Kazakhstan
  • Syrlybayev MARAT Gumilyov Eurasian National University, Astana, Kazakhstan

Abstract

In this paper considered the simulation as a tool for economic expansion in modern conditions of socio-economic development. Discussed the relationship between expansion and competition. Given evidence of much larger economic success in the global market firms, practicing mainly in simulation activities, compared to innovative firms. As a successful business simulation is an example of Chinese firms. Also shown that successful firms combine the innovative and imitative activities. Given that the first companies on the market of goods and services is much more than the second, it is proposed to develop a simulation direction in theoretical and applied economic science at the crossroads of theory and practice of law.

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Published
2017-11-30
How to Cite
BORBASOVA, Ziada et al. Some Elements of the Expansion Mechanism in the World Economy. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 4(26), p. 1094-1099, nov. 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1515>. Date accessed: 23 jan. 2018. doi: https://doi.org/10.14505//jarle.v8.4(26).07.