scholarly journals THE ROLE OF INNOVATION IN THE MODERN ECONOMIC SYSTEM

2021 ◽  
pp. 29-33
Author(s):  
V.A. Mutalimov ◽  
K.V. Gustova
Keyword(s):  
Economic System ◽  
Modern Economic

Functioning of enterprises in the global economy

2021 ◽  
Author(s):  
Sergey Kaledin ◽  
Marina Motorina
Keyword(s):  
International Trade ◽  
International Relations ◽  
Economic System ◽  
Global Economy ◽  
World Market ◽  
International Economy ◽  
The World ◽  
Modern Economic ◽  
National Economies

In the modern economic system, there is a continuous acceleration of the integration processes that lead to the formation of a unified global economic system. The international economy can no longer be described as a community of sufficiently independent and even largely self-sufficient national economies. Accordingly, the concept of internationalization can no longer be used to describe contemporary international relations, which traditionally presupposes, above all, the prevailing role of international trade, manifested in the mass entry of national companies into the world market. At present, the processes of unification and interdependence affect not so much trade as the universal interrelationships of the countries of the world. В современной экономической системе происходит непрерывное ускорение объединительных процессов, вызывающих формирование единой глобальной мирохозяйственной системы. Международная экономика уже не может быть охарактеризована как сообщество достаточно независимых и даже во многом самодостаточных национальных экономик. Соответственно, для описания современных международных отношений уже не может использоваться понятие интернационализации, традиционно предполагающее, прежде всего, превалирующую роль международной торговли, проявляющуюся в массовости выхода национальных компаний на мировой рынок. В настоящее время процессы объединения и установления взаимозависимостей затрагивают не столько торговые, сколько всеобщие взаимосвязи стран мира.

Credit, Risk and Reputation in Late Seventeenth-Century Colonial Trade

1998 ◽  
Author(s):  
Nuala Zahedieh
Keyword(s):  
Seventeenth Century ◽  
Credit Risk ◽  
Early Modern ◽  
Economic System ◽  
West Indies ◽  
The West ◽  
Trade Networks ◽  
Modern Economic ◽  
The Way

This essay considers the purpose and value of credit - in the sense of character esteem and regard - in the early modern economic system. Particular focus is given to the role of credit, and the nature of risk in colonial trade. The essay seeks to prove that integrity amongst merchants was essential due to the necessity of promise and trust - promises to provide and deliver goods, promises to pay, these were necessary pacts that minimised the risk of colonial trade. It also examines the way colonial merchants confined their business to small circles of correspondents rather than large trade networks. The conclusion asserts that mercantile trade system was shaped by credit, building from the evidence raised by examining trade documents concerning London and the West Indies.

Business-groups in Russian industries

2004 ◽  
pp. 121-134 ◽  
Author(s):  
S. Avdasheva
Keyword(s):  
Industrial Organization ◽  
Economic System ◽  
Institutional Economics ◽  
Business Groups ◽  
Control Rights ◽  
Organization And Management ◽  
Russian Economy ◽  
Main Determinants ◽  
Soviet Economic System

The chapter of “Institutional Economics” textbook is devoted to the development of business-groups as a specific feature of industrial organization in the Russian economy. The main determinants of forming and functioning of business-groups such as allocation of property rights in Soviet enterprises, networks of directors and executive authorities in the Soviet economic system as well as import of new institutes and inefficient state enforcement are in the center of analysis. Origins, structure, organization and management within the groups and the role of shareholding and informal control rights are considered.

The Role of Behavioral Models in the Ontological Structure of Modern Macroeconomics

2013 ◽  
pp. 98-110
Author(s):  
M. Likhachev
Keyword(s):  
Economic System ◽  
Government Regulation ◽  
Institutional Structure ◽  
Economic Environment ◽  
Behavioral Models ◽  
Macroeconomic Models ◽  
Basic Characteristics ◽  
Practical Implications

Behavioral models are considered in the paper as the link between the description of the institutional structure of the economic system and the formation of macro-aggregates, reflecting the results of its operations. The degree of homogeneity of the private sector’s economic environment and complementary goals of private entities and government regulation are noted as basic characteristics of behavioral models. The author examines the differences in the estimates of these characteristics as one of the most important factors underpinning the architecture of modern macroeconomic models and their practical implications.

The transformation of the Russian notary in the new economic realities

2020 ◽  
Vol 22 (1) ◽  
pp. 92-97
Author(s):  
KONSTANTIN A. KORSIK ◽  
◽  
ANASTASIYA A. PARFENCHIKOVA ◽  
Keyword(s):  
Public Administration ◽  
Relevant Information ◽  
The State ◽  
Technological Infrastructure ◽  
Social Sphere ◽  
The Social ◽  
Modern Economic ◽  
World Development

The article is devoted to the review of current changes in the legislation on notaries related to the development of electronic civil circulation, analysis of existing digital risks and assessment of the role of notaries in combating them. In modern economic realities, a significant expansion of the sphere of competence of the notary is carried out by introducing completely new notarial actions into the scope of the notary’s terms of reference. At the same time, the notary does not just follow the general ‘digital’ trend, but independently makes significant efforts to effectively perform the tasks of the social sphere regulator assigned to it by the state. The creation of the Unified Notary Information System as part of the formation of the technological infrastructure to ensure the security and stability of legal relations in the context of electronic civil circulation takes to a new level the quality of notarial services and the security of legally relevant information. The role of notaries significantly increases in conditions when the use of digital technologies in the economy, public administration, social sphere becomes one of the main vectors of world development, and society and the state inevitably face the flip side of this process – digital risks that jeopardize the safety of participants in civil turnover and their property. In 2020, as part of the implementation of the national program ‘Digital Economy’, it is planned to introduce a number of innovations that will create the basis for a stable and secure ‘digital’ turnover.

Introduction

2018 ◽  
Author(s):  
Subramanian Rangan
Keyword(s):  
Moral Reasoning ◽  
Economic System ◽  
Market Power ◽  
Moral Philosophy ◽  
Adam Smith ◽  
Well Being ◽  
Economic Paradigm ◽  
Modern Economic ◽  
Great Output

Our quest for prosperity has produced great output (i.e. performance) but not always great outcomes (i.e. progress). Despite mounting regulation when it comes to fairness, well-being, and the scope of our humanity, the modern economic system still leaves much to be desired. If practice is to evolve substantively and systematically, then we must help evolve an economic paradigm where mutuality is more systematically complemented by morality. The bases of this morality must rest, beyond the sympathetic sentiments envisaged by Adam Smith, on an expanded and intentional moral reasoning. Moral philosophy has a natural role in informing and influencing such a turn in our thinking, especially when education is the preferred vehicle of transformation. Indeed, rather than just regulate market power we must also better educate market power.

Capital, Investment, and Innovation in the Roman World

2020 ◽  
Keyword(s):  
Capital Investment ◽  
Roman History ◽  
Roman Economy ◽  
Roman World ◽  
Theoretical Perspectives ◽  
Modern Economic Growth ◽  
Different Types ◽  
Modern Economic ◽  
Agriculture Water

Investment in capital, both physical and financial, and innovation in its uses are often considered the linchpins of modern economic growth, while credit and credit markets now seem to determine the wealth—as well as the fate—of nations. This book asks whether it always thus, and whether the Roman economy—large, complex, and sophisticated as it was— looked anything like today’s economies in terms of its structural properties. Through consideration of the allocation and uses of capital and credit and the role of innovation in the Roman world, the contributors to this volume go to the heart of the matter. How was capital in its various forms generated, allocated, and employed in the Roman economy? Did the Romans have markets for capital goods and credit? Did investment in capital lead to innovation and productivity growth? The authors consider multiple aspects of capital use in agriculture, water management, trade, and urban production, and of credit provision, finance, and human capital in different periods of Roman history, in Italy and elsewhere in the Roman world. Using many different types of written and archaeological evidence, and employing a range of modern theoretical perspectives and methodologies, the contributors, an international team of historians and archaeologists, have produced the first book-length contribution to focus exclusively on (physical and financial) capital in the Roman world, a volume that is aimed at experts in the field as well as at economic historians and archaeologists specializing in other periods and places.

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