scholarly journals Design of Intelligent Environment Observation and Decision Support for Regional World Economy

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Song Lifang
Keyword(s):  
Economic Development ◽  
Decision Support ◽  
Free Trade ◽  
World Economy ◽  
Modern Society ◽  
Development Trend ◽  
Asia Pacific ◽  
Intelligent Environment ◽  
World Economic ◽  
The Eu

In order to avoid the risk of marginalization of low-level areas in the process of economic globalization, regional economies have also developed from this, which is important for the regional world economy in a smart environment. Observation and decision support have also attracted much attention from academia. Based on the important situation of regional world economic development, scholars have conducted a lot of research studies; this paper studies the development trend of the regionalized world economy in the intelligent environment under the network of interconnected objects and uses decision support technology and sensor networks to observe and design decision support for the regionalized world economy. Association rule mining technology is used to conduct data mining and data collection on the relevant data in the regionalized world economy, cluster analysis is used to sort and calculate the mined experimental data, and the experimental data model is extracted through the decision tree algorithm. This study collects various data on the number of trade agreements in 2015–2019, the expansion of free trade zones, the import and export trade rates of the EU, North America, and the Asia-Pacific region, and the currency circulation in each region of the world and also organize, observe, and analyze the regional world economy. The final results show that, from 2015 to 2019, free trade areas in various regions of the world are expanding every year. There are 12 free trade areas in Western Europe, the Middle East, the Mediterranean, Central and Eastern Europe, and Russia. At the same time, North America, Asia-Pacific, and the EU pay more attention to intraregional trade, especially the annual trade rate of the EU of more than 50%. The regional world economy still has a trend of development in modern society and even in the next few decades, and the regional world economy has a certain role in promoting the economic development of various countries and regions. The regional world economy still has a development trend in modern society and even in the next few decades. It has a certain promoting effect on the economic development of various countries and regions. It is an inevitable trend of world economic development and the only way to economic globalization.

DEVELOPMENT TRENDS AND PROSPECTS OF ECONOMIC AND TRADE COOPERATION BETWEEN CHINA AND UKRAINE

2018 ◽  
Vol 2018 (6) ◽  
pp. 3-12
Author(s):  
Zhang DONGYANG ◽  
Keyword(s):  
Free Trade ◽  
Bilateral Trade ◽  
The United States ◽  
Economic Cooperation ◽  
Free Trade Zone ◽  
Asia Pacific ◽  
Economic Downturn ◽  
The European Union ◽  
Association Agreement ◽  
The Eu

The status and prospects of development of trade and economic relations between Ukraine and China are considered. It is proved that bilateral cooperation in the trade and economic sphere has made significant progress. In 2012–2017, China was the second largest trading partner of Ukraine after Russia. However, the problem of imbalance in imports and exports between Ukraine and China has not yet been resolved. In addition, the scale and number of projects in which Ukraine attracts Chinese investment is much less than investments from European countries and the United States. It is justified that trade and economic cooperation between Ukraine and China is at a new historical stage. On the one hand, Ukraine signed the Association Agreement with the European Union, and on January 1, 2016, the rules of the free trade zone between Ukraine and the EU entered into force. This helps to accelerate the integration of Ukrainian economy into European one. On the other hand, the global economic downturn requires the introduction of innovations in the model of cooperation. The Chinese initiative “One belt is one way” is one of the variants of the innovation model of cooperation. Its significance is to unite the Asia-Pacific region with the EU in order to join the Eurasian Economic Union, create a new space and opportunities for development and achieve prosperity with the Eurasian countries. All this forms unprecedented opportunities for development of bilateral economic and trade relations. It seems that to fully open the potential of Ukrainian economy and expand bilateral trade and economic cooperation, it is necessary to take into account such proposals as the establishment of the Sino-Ukrainian industrial park, the promotion of cooperation in the field of electronic commerce, the formation of the Sino-Ukrainian free trade zone and enhanced interaction within multilateral mechanisms (for example, the Shanghai Cooperation Organization and the interaction of China and the countries of Central and Eastern Europe in the 16 + 1 format).

Integration Potential of Free Trade Area of the Asia-Pacific

2016 ◽  
Vol 60 (1) ◽  
pp. 68-81
Author(s):  
E. Arapova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Free Trade ◽  
Economic Integration ◽  
Hybrid Approach ◽  
Free Trade Area ◽  
Hierarchical Cluster ◽  
Asia Pacific ◽  
Trade Area ◽  
Asian Regionalism

During the 2014 APEC summit the participating countries agreed to move towards a region-wide economic integration and approved China-backed roadmap to promote the Free Trade Area of the Asia-Pacific (FTAAP). The paper examines prospects for economic integration in the Asia-Pacific in the framework of 21 APEC participating members. It aims to measure the “integration potential” of the FTAAP on the basis of quantitative and qualitative analysis of the actual statistic data, to explore key obstacles hampering economic integration in the region. The research comes from the theory of convergence and concept of proximity. They suppose that the higher is the degree of homogeneity in economic development and regulatory regimes of the integrating countries the higher is their “integration potential”. The objective of the author’s analysis is to measure the “integration potential” of APEC countries in four directions: trade liberalization, free movement of investments, monetary and banking integration, free division of labor. Initial estimates of the FTAAP prospects base on the merchandize trade complementarity indices and coefficients of variation analysis. Besides, the research uses hierarchical cluster analysis that helps to classify countries in different groups according to similarity of their economic typologies. This methodology allows to reveal the favorable algorithm of regional economic integration in the framework of the “hybrid approach” (or “open regionalism” adopted for APEC countries in 1989) which encourages the countries to enter into free trade agreements on a bilateral basis or to make offers to the APEC membership as a whole. Final conclusions are based on the results of authors’ calculations with consideration for contemporary trends of the member countries’ economic development and long-term strategies of economic growth. Acknowledgements. The research was supported by the Russian Fund for Humanities, project no. 15-07-00026 “East Asian regionalism in the context of diversifi cation of economic growth model”.

scholarly journals Prioritizing Foreign Investment In APEC

2018 ◽  
Vol 18 (3) ◽  
pp. 20180025 ◽  
Author(s):  
Anthony J Makin ◽  
Andreas Chai
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Free Trade ◽  
Foreign Investment ◽  
International Investment ◽  
Trade Flows ◽  
Living Standards ◽  
Asia Pacific ◽  
Goods And Services ◽  
Trade And Investment

Expanded international trade in goods and services has driven economic development in the Asia-Pacific since the 1994 APEC Bogor declaration that called for free trade and investment in the region. Despite this goal, APEC has predominantly focussed on international trade rather than investment. To redress this bias, the paper first highlights the benefits from increased international investment before examining APEC foreign investment flows relative to trade flows in APEC economies. It then examines key trends before concluding that APEC should prioritize foreign investment to accelerate economic development and living standards in the region.

ASEAN IN THE PROCESS OF INTEGRATION IN THE ASIAN-PACIFIC REGION

2020 ◽  
Author(s):  
Yuchen Shi
Keyword(s):  
Economic Development ◽  
Regional Integration ◽  
Development Model ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
Asian Pacific Region ◽  
New Development ◽  
World Economic ◽  
Asian Pacific

The Asia-Pacific region is one of the most important “poles” of world economic development, but the region lacks a mechanism for regional integration and coordination to counter challenges and risks. ASEAN is the earliest example of integration in the region. Thanks to the active promotion and efforts of this organization regional integration in East Asia has formed a new development model, which gives a new idea for the development of regional integration in the Asia-Pacific region.

scholarly journals Competitiveness of Serbian economy measured by the indexes of competitiveness of the World Economic Forum 2007-2008

2007 ◽  
pp. 155-172 ◽  
Author(s):  
Vesna Parausic ◽  
Drago Cvijanovic
Keyword(s):  
Economic Development ◽  
Productivity Growth ◽  
World Economy ◽  
High Standard ◽  
Standard Of Living ◽  
World Economic Forum ◽  
The World ◽  
World Economic ◽  
Zero Sum

True competitiveness is measured by productivity. Productivity supports high wages, a strong currency, and attractive returns to capital and with them a high standard of living. The world economy is not a zero-sum game. Many nations can improve their prosperity if they can improve productivity. The central challenge in economic development is how to create the conditions for rapid and sustained productivity growth.

scholarly journals European Economic Integration in Kosovo

2016 ◽  
Vol 1 (3) ◽  
pp. 105
Author(s):  
Malush Krasniqi
Keyword(s):  
International Economic ◽  
Economic Development ◽  
Economic Integration ◽  
World Economy ◽  
Integration Process ◽  
European Economic ◽  
Contemporary World ◽  
Post War ◽  
New Strategies ◽  
The Eu

Topics addressed, European economic integration, as well as with important phenomenon, which is facing Kosovo in recent years, since the post-war process. The process of international economic integration is one of the most important phenomena of the contemporary world economy. The trend of international economic integration is the reconstruction of the country devastated by war, is an undeniable necessity, the only reason to catch the trend of the world's economic development. Kosovo has a very favorable position, bridging the central Balkans with the possibility of Development extraordinarily large because the Europe could have connected in short way with two continents. The main goal: increasing economic cooperation, the creation of new strategies for accelerating the process, fulfilling the standards required in the EU, the extent of market economy, regulation of relations with neighbors, etc. Topics that will discuss is European economic integration, the way how to reach to where we want is a road with many challenges and barriers, with special emphasis will be elaborated the process of stable and association, agreements signed by Kosovo, always having as target strengths and weaknesses of these agreements in the economic aspect of the country. Republic of Kosovo, respectively, institutions and people, are fully committed to the European integration process with the intent to join the EU.

scholarly journals Closing the NAFTA Gap

2007 ◽  
Vol 1 (1) ◽  
Author(s):  
Emma Banks ◽  
Preeti Gill
Keyword(s):  
United States ◽  
Economic Development ◽  
Free Trade ◽  
The United States ◽  
Single Market ◽  
Fine Tuning ◽  
Individual Member ◽  
Member States ◽  
Job Opportunities ◽  
The Eu

The accession of Ireland, Greece, Spain and Portugal into the European Community was a significant move towards manifesting everlasting peace by means of a single market. The incorporation of these four weaker countries into the European Union (EU) marked a break from the EU’s traditional purview. The paradigm shift of the EU’s approach to enlargement placed Member States onto a path that would harness the full capabilities of a common market in improving civilians quality of life while simultaneously achieving individual Member States’ objectives including growth, employment, and trade. The regional effects of the EU’s single market are drastically different from the effects of the North American Free Trade Agreement (NAFTA). A much newer trading bloc (NAFTA came into effect on January 1, 1994), it lacks the wisdom and fine tuning of the EU. The governments of the United States, Mexico, and Canada signed the treaty1while hailing how it would “fuel economic growth and dynamic trade, stimulate investment while creating productive partnerships, work for small and medium sized businesses and provide fairness and certainty. NAFTA partners promote environmental protection, and provide greater job opportunities in North America”.2 Yet the effects seem to be the exact opposite. NAFTA has been called “one of the most innovative, astounding documents of the 20th century by the stoic…”3, but this so-called “innovative depth” has reduced barriers to trade and investment, without the necessary checks and balances. For Mexico, NAFTA merely expedited and formalized “the silent integration” that had been occurring since the Border Industrialization Project of 1965— without adding anything new to the table.4 Unlike the EU, NAFTA is a rigid document that has not reformed itself as needed to address issues of border control, immigration policies, and uneven socioeconomic development. In spite of sincere hopes for free trade and economic integration to raise living standards across the continent, the reality is that the unfettered markets have permitted NAFTA to persistently ignore the uneven economic development, and vulnerabilities each country faces. In so doing, the United States has been a quiet bystander to the inequalities proliferating from unchecked free trade. Both countries have been left vulnerable to NAFTA backlash. Mexico’s vulnerability stems from unsound economic development policies and overall slow growth. These factors have increased the US’ vulnerability, to migration. Fed up with uneven development, lack of job opportunities, poor working conditions, and low wages, many Mexicans are taking matters into their own hands and crossing the border, often illegally. Militaristic efforts to “defend” the border have done nothing but increase political tensions and migrant death tolls. NAFTA does not address the immigration problem and its root cause of unequal development. This paper begins with the European Union’s initial experience with enlargements and the experimentation process it underwent to reduce economic and social disparities between regions to further facilitate their single market objectives. After considering how the EU’s cohesion policy strengthened its own single market while simultaneously curbing migration, we present the NAFTA scenario, specifically against the backdrop of Mexico and the United States, in order to highlight the impotent mechanisms the United States relies upon to quiet the waves of economic migrants.

Shaping new interregionalism: The EU-Singapore Free Trade Agreement and beyond

2021 ◽  
pp. 1-26
Author(s):  
Pasha L. Hsieh
Keyword(s):  
Free Trade ◽  
Free Trade Agreement ◽  
Trade Agreement ◽  
Theoretical Concept ◽  
Asia Pacific ◽  
The European Union ◽  
Normative Development ◽  
Asean Country ◽  
New Generation ◽  
The Eu

Abstract The article examines the theoretical concept of interregionalism in the context of the evolving framework between the European Union (EU) and the Association of Southeast Asian Nations (ASEAN). As the EU’s first free trade agreement (FTA) with an ASEAN country, the EU-Singapore FTA is a pathfinder agreement that signifies a new phase of interregionalism and the EU’s new Asia strategy after the Treaty of Lisbon. The article argues that the innovative designs of the EU-Singapore FTA will shape the normative development of EU-ASEAN relations in the post-pandemic era. It also cautions that a comparative analysis of EU and US agreements reveals deficiencies in the FTA that require remedies. To buttress the contention, key provisions on ASEAN cumulative rules of origin, banking and legal services and non-tariff barriers are analysed in light of contemporary Asian agreements. The research further provides insight into the effectiveness of new-generation rules on geographical indications, competition, and investor-state arbitration and mediation. Hence, the findings contribute to the understanding of interregionalism and the EU’s Asia-Pacific trade and investment agreements from global and interdisciplinary perspectives.

Rotary points of world economic development

10.12737/686 ◽  
2013 ◽  
Vol 1 (3) ◽  
pp. 9-14 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Turning Point ◽  
Slow Growth ◽  
Loss Of Stability ◽  
The World ◽  
Dispersion Indices ◽  
World Economic ◽  
Accelerated Growth

The concept «rotary point» of world economic development is entered. Turning Point reflects the phenomenon of transition from one type to another type of development of the world economy. Passing of a rotary point is a loss of stability of world economic system. Identification of turning points — is to identify anomalies dispersion indices reflecting the performance of the economy. The long-term periods between rotary points are characterized as «the accelerated growth», or as «the slowed-down growth. Research allowed to establish two rotary points of development of world economy. It is a point of the middle of the 1970th — the beginnings of the 1980th of 3 g and a point of 2007–2011. Econometric analysis shows that up to a turning point of the mid-1970s, early 1980s is a period of accelerated growth. The period after passing of this rotary point is the period of the slowed-down growth. Modeling Kondratieff Wave allowed to associate with the rapid growth of the ascending and slow growth — with the descending branch of the wave. At the invariable period of a cycle of Kondratiev in the next years it is possible to expect the accelerated growth of world economy.

scholarly journals PROBLEMS OF INSTABILITY OF THE WORLD ECONOMY UNDER GLOBALIZATION

2017 ◽  
Vol 4 ◽  
pp. 213
Author(s):  
Tomasz Dołęgowski ◽  
Serhii Hushko ◽  
Volodymyr Kulishov
Keyword(s):  
Economic Development ◽  
Technological Progress ◽  
World Economy ◽  
Value Systems ◽  
Modern World ◽  
Negative Consequences ◽  
Economic Agents ◽  
Income Disparities ◽  
The World ◽  
World Economic

We examine the main trends of world economic development. The characteristic feature of the modern world is the acceleration of globalization development, caused by the achievements of scientific and technological progress. The increase in possibilities of global problem solving is accompanied by their exacerbation and degree of openness of public systems in conditions of modern globalization. We consider the interaction of international economic agents, the formation of interconnections, the inevitability of transition to a new and more progressive model of economic development – metaeconomy and the problems which are potentially able to cause negative consequences of the financial sector redistribution. There is a growth of social inequality in the world, resulting in increasing income disparities, which intensifies the migration process and thereby creates new problems as a result of the coexistence of people belonging to different civilizations, cultures and value systems.

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