By Blerim Abedini, ISSD-NM
Economic policy is essential in maintaining the stability of the state and continuing its progress in other areas. The overview of economic policies in the world gives us an understanding of the progress and stability of the state, which varies on every continent. Every meridian of the world has a change in progress, as the clock of day and night changes depending on which meridian of the world it is located. As an example, the meridians spanning North to South America have higher developmental reliability compared to other meridians. We see that the European continent in the 21st century has a shift of social progress due to variable economic policies. In this period, the state and private economies clash, while the private one tends to revive the dead private sector after 1945-50. As we know, it was the time when the Marxist theory of the state transferred these properties to the state.
It is noticed in the world that private companies such as BMW, Mercedes, Sony, Toyota, Mcdonald’s, Playstation, and others have opened branches in other countries of the world. These private international initiatives have influenced the private sector of the national resident to regenerate, innovate capacities and continuously develop the private sector. In this respect, barriers are presented by former bureaucratic states that refuse to enter the global market as loyal competitors.
The private sector in Russia is dysfunctional, and there is large exploitation of natural resources such as agriculture and minerals. Meanwhile, China is trying to enter the global market with some reforms in Marxist theory, enabling partial privatization of those company owners who will be loyal to government policy. Still, the accumulation of wealth by the private sector faces disproportions and are some bureaucracies that will misuse the profits of companies. This has been proven by some successful businessmen in China and Russia, who have ended up de-owning of their own company.
There is a reduction in private property in some countries due to the state regime, which tends to restrict free expression and the media and to exercise dictatorship thanks to its natural resources such as Venezuela, Belarus, North Korea, as well as other countries in Africa and Asia.
Economic sanctions against Russia and Belarus over aggression against Ukraine will close many of their international markets, which could lead to internal political crises. Internal political crises can take different directions, such as the exile of the president with individual wealth in another state, the coup by military officers, and the mass protests that will overlap the multi-party system.
Regimes in the world are making barriers to the free movement of people, cooperation between global companies, blocking the growth of citizens’ incomes, etc. The overview of the Balkans gives us to understand that the regime in Serbia blocks the regional market and influences the development of bureaucracies in neighboring countries such as North Macedonia, Kosovo, Bosnia, and Montenegro. The influence of the Serbian regime has also been seen in Hungary and Bulgaria where the extended hand of the Russian regime has intensified this influence. If Serbia tries to militarily attack neighboring countries as allies of Russia then frontal warfare is primary.
Continental ballistic missile attack from Russian territory is not possible because the airspace will be blocked by NATO member states (such as the example of the Iron Dome), and flights over these NATO member states will be banned! Also in the Far East – China, it intends to invade Taiwan, the US has proven that it has the potential to impose economic sanctions on China as well.
So, these facts show us that economic policy should focus on market liberalization and the old motto from the last century, ‘World without borders’!