scholarly journals The operational economic activity of goverments in the realities of the new global economy

2009 ◽  
Vol 5 (1) ◽  
pp. 85
Author(s):  
Adam P. Balcerzak
Keyword(s):  
Economic Activity ◽  
Global Economy

Jiangnan Style

2017 ◽  
Author(s):  
Chris Wickham
Keyword(s):  
Middle Ages ◽  
Economic Activity ◽  
Global Economy ◽  
Medieval Period ◽  
The World ◽  
Transnational Connections ◽  
New Research ◽  
Different Parts

Building on impressive new research into the concept of a ‘global middle ages’, this chapter offers insights into how economic formations developed around the world. Drawing on new research on both Chinese and Mediterranean economies in the ‘medieval’ period, it compares structures of economy and exchange in very different parts of the world. The point of such comparisons is not simply to find instances of global economic flows but to understand the logic of medieval economic activity and its intersections with power and culture; and, in so doing, to remind historians that economic structures, transnational connections, and the imbrications of economy and politics do not arrive only with modernity, nor is the shape of the ‘modern’ global economy the only pattern known to humankind.

CORONAVIRUS IMPACT ON THE GLOBAL ECONOMY

2020 ◽  
Vol 10 (10) ◽  
pp. 2491-2498
Author(s):  
L.V. Abdrakhmanova ◽  
◽  
E.S. Shchigortsova ◽  
Keyword(s):  
Economic Activity ◽  
Global Economy ◽  
World Economy ◽  
Raw Materials ◽  
Global Scale ◽  
Retail Trade ◽  
Negative Consequences ◽  
Road Transportation ◽  
The World ◽  
Coronavirus Infection

The article analyzes the consequences of the spread of coronavirus infection on the world economy. The high degree of infection and the rapid spread of COVID-19 caused the quarantine of certain cities and regions of the world, and since March 2020, the borders between the countries have been completely closed. This situation, naturally, could not but affect the global economic activity. The crisis caused by the pandemic has led to the fact that the leaders of the countries were forced to first of all pay attention to health problems and seriously reduce funding in other sectors of the economy. The forced self-isolation regime of the population affected all spheres of life, without exception, large and medium, and, especially, small business suffered. The sectors of the economy most affected by the coronavirus pandemic include: air and road transportation, the leisure and entertainment industry, fitness and sports, tourism, hospitality, catering, the education system, the organization of conferences and exhibitions, the provision of personal services to the population, dentistry, retail trade in non-food products, the media and the production of printed materials, etc. Statistical data on the number of cases of new coronavirus infection by country (as well as those who recovered and died from it) are today not so much of a medical nature as evidence of a deepening global economic crisis. The decline in production volumes on a global scale entails a reduction in the global consumption of most types of industrial raw materials and energy carriers. According to analysts’ forecasts, the possibility of a quick return to the previous economic activity is not foreseen, negative processes may continue for the next several years. The COVID-19 pandemic is a serious test of the readiness of the world economy to effectively resolve global problems, overcome the negative consequences of the spread of the virus and focus on those positive opportunities, the development of which can lead to economic growth in the long term. One of these promising areas of economic development is the further digitalization of society, the development of new digital technologies.

scholarly journals Educating 'surplus population': uses and abuses of aspiration in the rural peripheries of a globalising world

2020 ◽  
Vol 198 (1-2) ◽  
pp. 17-38
Author(s):  
Nicola Ansell ◽  
Peggy Froerer ◽  
Roy Huijsmans ◽  
Claire Dungey ◽  
Arshima Dost ◽  
...  
Keyword(s):  
Rural Areas ◽  
Economic Activity ◽  
Primary Schools ◽  
Global Economy ◽  
Rural Children ◽  
Ethnographic Research ◽  
School Enrolment ◽  
Small Minority ◽  
Surplus Population ◽  
Globalising World

Increasing school enrolment has been a focus of investment, even in remote rural areas whose populations are surplus to the requirements of the global economy. Drawing on ethnographic research conducted in primary schools and their neighbouring communities in rural areas of Lesotho, India and Laos, we explore how young people, their parents and teachers experience schooling in places where the prospects of incorporation into professional employment (or any well rewarded economic activity) are slim. We show how schooling uses aspiration, holding out a promise of a 'better future' remote from the lives of rural children. However, children’s attachment to such promises is tenuous, boosted yet troubled by the small minority who defy the odds and succeed. We question why education systems continue to promote occupational aspirations that are unattainable by most, and why donors and governments invest so heavily in increasing human capital that cannot be absorbed.

scholarly journals THE ECONOMIC IMPACT ON GLOBAL TOURISM

10.26458/1728 ◽  
2017 ◽  
Vol 17 (2) ◽  
pp. 127-139
Author(s):  
Bogdan Sofronov
Keyword(s):  
Economic Development ◽  
Economic Impact ◽  
Economic Activity ◽  
Global Economy ◽  
Gdp Growth ◽  
Mutual Understanding ◽  
Tourism Sector ◽  
The World ◽  
Global Tourism

Tourism is an important economic activity in most countries around the world. As well as its direct economic impact,the industry has significant indirect and induced impacts.The outlook for the Tourism sector in 2017 remains robust and will continue to be at the forefront of wealth and employment creation in the global economy, despite the emergence of a number of challenging headwinds.In tourism, GDP growth is expected to accelerate to 3.8%, up from 3.1% in 2016. As nations seem to be looking increasingly inward, putting in place barriers to trade and movement of people, the role of Tourism becomes even more significant, as an engine of economic development and as a vehicle for sharing cultures, creating peace, and building mutual understanding.

scholarly journals The slowing Growth of Global Economy: Keynesian and Neo-Classical Interpretations

2020 ◽  
Vol 99 (6) ◽  
pp. 142-152
Author(s):  
Anatoliy Bazhan ◽  
Keyword(s):  
Economic Growth ◽  
Money Demand ◽  
Economic Activity ◽  
Global Economy ◽  
Protection Policy ◽  
Cross Border ◽  
Keynesian Theory ◽  
The Us

The article outlines the reasons for the slowing growth of global economy in the last 2 years and analyzes the views of IMF and UNCTAD experts on this subject. The author concludes that the new US protection policy cannot be considered the main reason of the slowdown: the growth of US import tariffs for China and Europe does impede the economic growth in those regions, but it stimulates growth in the US and other countries whose corporations compete with Chinese producers in the US market. The author argues that the Keynesian theory gives a better explanation to the slower growth as it is attributed to lack of demand and productive investment. The article shows that the Keynesian theory needs to be corrected as well, because the liberalization of global economy distorts the connection between money demand, generated by incomes in various countries, and growth of their economies: the demand can be covered by goods produced abroad, while investment can be allocated for foreign projects. Thus, promotion of economic activity should utilize not only the traditional Keynesian recipes of financial and credit influence, but also the national customs and currency regulation, as well as respective cross border capital migration restrictions.

scholarly journals Organizational Structure Differentiation and Evolution of International Corporations Based on Company-Atom Analogy in the Mobile Internet Era

2021 ◽  
Vol 2021 ◽  
pp. 1-10
Author(s):  
Kun Shi
Keyword(s):  
Organizational Structure ◽  
Economic Activity ◽  
Global Economy ◽  
Resource Constraints ◽  
Cloud Model ◽  
Economic Globalization ◽  
Active Role ◽  
Mobile Internet ◽  
International Expansion ◽  
Organizational Evolution

It goes without saying that people play a critical and active role in economic activity, and humans are the fundamental unit of companies in the global economy, in which organizational changes have occurred in the emerging mobile Internet era. This paper aims to establish a theoretical model of analogy between companies and atoms to study the differentiation and evolution of the recent international expansion of corporations. It fulfills a comparative study of what leads to organizational change and how it is influenced by economic activity from an interdisciplinary perspective. An exploratory study was made to evaluate economic activity in relation to quantum mechanics theory, clarify the organizational structure according to the electron cloud model, elaborate on the evolution of the expanding organizational structure by referring to the periodic table, and develop an insight into sustainability for economic globalization. It reveals that sustainable economic globalization may rely on the global values of connecting and sharing with information systems in the mobile Internet era, along with organizational evolution. Global sustainability depends on economic development achieving a balance with resource constraints and population growth.

scholarly journals Economic paradigms and economic communications

Upravlenie ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 60-65 ◽  
Author(s):  
Petr Wawrosz ◽  
Radim Valenchik ◽  
Ondrei Roubal ◽  
Svetlana Sazanova
Keyword(s):  
Economic Theory ◽  
Economic Activity ◽  
Global Economy ◽  
Point Of View ◽  
Economic Science ◽  
Theoretical Point ◽  
Internal Environment ◽  
Procedural Rationality ◽  
Economic Agents ◽  
The Relationship

The development of modern economic theory is influenced by various factors of the external and internal environment. The factors of the external environment include: changes in the practice of economic entities, global economy, in the institutional environment, technological changes. The factors of the internal environment include: changes in the field of scientific knowledge in general, as well as changes in the methodology of economic science itself. The main driving force behind the development of economic theory is the evolution of economic paradigms, which has an impact on the methodological choice of researchers, their scientific worldview. An important component of human economic activity are economic communications, the essence and content of which have not been yet sufficiently studied from a theoretical point of view. Since economic communications are closely related to the behavior of economic agents, which affects, in turn, the results of economic activity, their study is an urgent task. The subject of research in the article is the relationship of economic paradigms and ideas about the essence of economic communication. The purpose of the article is to study the influence of the evolution of economic paradigms on the development of scientific ideas about economic communication. The authors have applies following research methods in the scientific paper: the method of rational reconstruction of science, the method of comparative analysis, the method of scientific abstraction and others. The relationship between the evolution of economic paradigms, theories of behavior of economic agents and the understanding of the role of economic communications in economic activity have been revealed. The authors investigated economic communications in the context of the theory of full, limited, procedural rationality, organic irrationality, as well as in the context of the theory of productive consumption. The main scientific results consist in identifying features in the understanding of the essence of economic communications from the point of view of various theories. The results obtained are the basis for the study of the systemic and humanistic foundations of economic communications, as well as the development of recommendations for improving economic communications.

scholarly journals THE RISE AND FALL OF EXPORT-LED GROWTH

2013 ◽  
Vol 71 (280) ◽  
Author(s):  
Thomas I. Palley
Keyword(s):  
Economic Activity ◽  
Global Economy ◽  
Emerging Market ◽  
International Community ◽  
Domestic Demand ◽  
New Paradigm ◽  
Developed Economies ◽  
Political Reasoning ◽  
Development Paradigm ◽  
Global Growth

This paper traces the rise of export-led growth as a development paradigm and argues it is exhausted owing to changed conditions in emerging market (EM) and developed economies. The global economy needs a recalibration that facilitates a new paradigm of domestic demand-led growth. Globalization has so diversified global economic activity that no country or region can act as the lone locomotive of global growth. Political reasoning suggests EM countries are unlikely to abandon export-led growth, and nor will the international community implement the international arrangements needed for successful domestic demand-led growth. Consequently, the global economy likely confronts asymmetric stagnation.

Legal nature of documentary forms of international settlements and their use in Ukraine

2021 ◽  
Author(s):  
Igor Tovkun ◽  
Liliyа Menkova
Keyword(s):  
Economic Activity ◽  
Global Economy ◽  
Main Body ◽  
Economic Management ◽  
Complex Activity ◽  
Letter Of Credit ◽  
Advantages And Disadvantages ◽  
Increased Risk ◽  
Legal Nature ◽  
Business Entities

Problem setting. Modern global economy is characterized by significant integration. In this regard, it becomes widespread cooperation between business entities located in different countries. Foreign economic activity of such entities is profitable, but at the same time complex activity with increased risk. Therefore, in the conclusion of the foreign trade agreement, in the process of harmonizing obligations, it is important to establish the most profitable interests of both exporter and importer. One of the main elements in carrying out foreign economic contracts is mutual settlements between the parties, that is, residents of different countries, which are called international calculations. Integrated research of advantages and disadvantages of using certain documentary forms of international settlements becomes increasingly relevant and needs considerable attention. This in turn will enable Ukraine’s business sector to effectively conduct foreign economic activity, to establish trust relations with foreign partners from different countries. Target research. The aim of the article is illumination the essence of documentary forms of international calculations used in modern foreign economic activity, establishing the advantages and disadvantages of their use, the formation of criteria for their effectiveness for subjects that carry out foreign economic activity, as well as consideration of issues of use of such forms of Ukrainian business entities. Analysis of the last researches and publications. The question of organization and forms of international calculations in the scientific works was examined by such foreign and home scientists V. V. Kozyk, N. M. Tiurina, N. S. Karvatska, O. V. Vasiurenko, V. V. Diachek, O. D. Kolosovska, V. S. Onishchenko , N. V. Kudlaieva and others. Article’s main body. World practice determines that international settlements are carried out in relevant forms that are conventionally divided into documentary and undocumented. Documentary forms of calculations are the letter of credit and collection. Up to 80% of payments in world trade is carried out using a letter of credit. In view of this, the authors in this article have identified the legal nature of documentary forms of calculations used in foreign economic relations, considered the advantages and disadvantages of such documentary forms of calculations as a letter of credit and collection, implemented a comparative analysis of forms calculations among themselves, and also analyzed the legislation and issues of use of these forms of Ukrainian entities of foreign economic management. Conclusions and prospect of development. The choice of parties to the foreign economic agreement of the optimal documentary settlement is an important condition for strengthening the financial and economic independence of the enterprise. In view of this, the importer so exporter should provide and take into account all the benefits and disadvantages of the use of a particular form of documentary calculations during foreign economic activity. Concerning the letter of credit, the most important problem of its application in Ukraine is the lack of confidence in Ukrainian banks by foreign partners because the latter establish such conditions for servicing letters of credit, which are often unacceptable for Ukrainian banks. Therefore, in order to effectively exist and develop Ukrainian banks in the world market, we believe that the state needs to improve the system of international settlements in line with current trends and improve the image of both Ukrainian companies and banks. This can be achieved through the use of tools to improve legislation in the settlement and credit sphere and the formation of an information base on solvency and reliability of Ukrainian and foreign companies, banks and their partners.

Regional trade agreements in the modern global economy

2020 ◽  
pp. 24-34
Author(s):  
S. Murtuzalieva ◽  
D. Ivanov
Keyword(s):  
Russian Federation ◽  
Economic Activity ◽  
Global Economy ◽  
Trade Agreements ◽  
Terms Of Trade ◽  
Regional Trade Agreements ◽  
Regional Trade ◽  
Business Conditions ◽  
The Russian Federation

Starting in the 1990s, the Russian Federation entered into regional trade agreements, setting various goals for itself. It is a fact that these agreements aff ected Russian companies participating in foreign economic activity in terms of trade volumes, business conditions, and company structure. This article is devoted to the study of this infl uence. The relevance of the topic of the article is due to the signifi cance of the infl uence that membership on the RTA has on the conditions for the implementation of foreign economic activity.

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