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.

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 Problems of economic globalization of China as a factor of cultural security

2018 ◽  
Vol 212 ◽  
pp. 08026
Author(s):  
Olga Borisenko ◽  
Dmitry Sukharev ◽  
Marina Fomina ◽  
Nataly Kondakova
Keyword(s):  
Economic Development ◽  
Regional Development ◽  
Economic System ◽  
World Economy ◽  
Economic Globalization ◽  
Modern World ◽  
Chinese Society ◽  
Chinese Government ◽  
The Social ◽  
The World

The article is devoted to the analysis of the problems of economic globalization in China and as a factor of cultural security. A philosophical analysis of the social aspect of China’s regional development. J. Sigurdson, like many researchers, analyzes economic, political factors, technological innovations, regional development programs of China. Our attention was drawn to the fact that he is one of the few Western researchers who analyze social problems. J. Sigurdson gives an analysis of Chinese society in the context of the development of technological systems. He notes that the creation of clusters, the use of new technologies contribute to the development of the social infrastructure of modern Chinese society. It is worth noting that his analysis is based on the historical information approach. In this case, we are not interested in ascertaining the facts presented by him, but in describing the role of innovation systems in the development of the social sphere of Chinese society. Thus, the relevance of this article is due to the need to analyze Western research on the social factor of regional changes in China. The entry into globalization processes and the perception of the economic opportunities of the modern world in China is refracted through traditional culture and allows not only to preserve its own values, but also to successfully adapt them to the realities of the present day on one hand and spread it outside on the other. China plays an important role in the modern economic development of the world. The main task of the Chinese strategy for the development of clusters was to ensure that the results met not only the economic development of the country, but also the rise of the social, cultural component. The Chinese government is aware of the depth of existing problems in society, and how we see new promising plans for the development of China’s economic system. In the artical, we allows us to view modern China not only as a simple element of the world economic system, but rather as one of the leading subjects of economic globalization, actively participating in the world economy and making a significant contribution to the development of the modern world. In our view, it is the integrity of the domestic political and foreign policy course of the country’s development that allowed the Chinese economy and culture to become a visible and important element of the world economy.

INNOVATIONS IN UZBEKISTAN -AN IMPORTANT FACTOR OF ECONOMIC DEVELOPMENT

2020 ◽  
Vol 9 (3) ◽  
pp. 23-32
Author(s):  
Nurali Lapasov ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
National Security ◽  
Technological Progress ◽  
World Economy ◽  
Innovative Development ◽  
Key Factors ◽  
The World ◽  
The Republic

Innovation and scientific and technological progress are one of the key factors of economic growth. Innovative economic growth is determined by the dynamics of economic development and the level of welfare of the population, national security, the possibility of equal integration into the world economy, mainly the country's ability to use scientific and technical achievements in practice. Accordingly, the strategy of innovative development of the Republic of Uzbekistan for 2019-2021 has been approved in our country. The article discusses the trends of innovative development of the Republic of Uzbekistan, the causes and factors hindering the development of the innovative sector of the economy and makes recommendations based on world experience

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 TOURIST SPHERE: SEARCH FOR WAYS TO OVERCOME THE CRISIS IN THE CONDITIONS OF GLOBAL QUARANTINE RESTRICTIONS

2020 ◽  
Vol 5 (158) ◽  
pp. 24-31
Author(s):  
V. Svitlychna
Keyword(s):  
World Economy ◽  
Tourism Industry ◽  
Government Support ◽  
Modern World ◽  
Health Improvement ◽  
Negative Consequences ◽  
Tourism Sector ◽  
The World ◽  
Domestic Tourism ◽  
Tourism Enterprises

The issues of activity of enterprises of the tourism sector in conditions of quarantine restrictions are investigated. The thesis about the relevance of developing a number of anti-crisis measures that would help stabilize the development of these enterprises is substantiated. The aim of this work is to study the issues of stabilizing the functioning of enterprises in the tourism sector under quarantine conditions. The article presents the thesis that the tourism industry is considered one of the most dynamic industries in the world economy and international trade in services. In the modern world, tourism is economic activity related to the movement of a person outside the permanent place of residence, his recreation with health improvement, raising the level of culture and education. The author of the article states that over the past two decades, the indicators of the development of the tourism sector have been characterized by positive indicators, the number of countries participating in international tourism has expanded, and the scale of tourist arrivals and international tourist receipts has grown every year. Unfortunately, the coronavirus pandemic has made significant adjustments to the functioning of the tourism sector at all levels (global and regional). Indeed, the coronavirus pandemic, which began in China at the end of 2019 and spread throughout the world, has become the biggest challenge and threat to all countries since World War II. The article substantiates that this negatively affected the inbound and outbound tourism markets on a global scale. Thus, the uncertainty of the further development of the situation, the occurrence of obstacles to the normal implementation of travel, restrictions on movement, the concern of mankind to preserve their own health and safety have caused the crisis and an increase in the volume of losses of travel companies. The focus of the article is concentrated on the analysis of the negative consequences of the aggravation of the epidemic situation for the world economy. The article emphasizes that for each country it is extremely important to take a number of measures to minimize the consequences of quarantine restrictions on the activities of tourism enterprises. Within the framework of this study, the author emphasizes that the main criterion for the restoration of the tourism sector should be the achievement of an optimal balance between security, health and economic interests. The article proposes recommended measures to stabilize the tourism sector in Ukraine and minimize losses as a result of the pandemic. The complex of such measures includes: – continuation of the policy of canceling the obligations to pay income tax and VAT for accommodation facilities, catering; – government support and stimulation of domestic rail and air traffic (government subsidies for the cost of tickets); – gradual introduction of permission to organize open terraces, sites for cafes, restaurants (while maintaining all the necessary safety measures for health protection); – аctivation of measures for digital transformation of the domestic tourism sector; – introduction of a transparent mechanism for the use of funds received in local budgets from the tourist tax exclusively for the development of domestic tourism and related infrastructure. The authors emphasize that today there is no doubt about the need to activate the processes and measures to overcome the harmful effects of the pandemic on the tourism sector of the domestic economy. We emphasize that the nationwide implementation of all anti-crisis levers, consistency and consistency in the implementation of all measures will contribute to their speedy stabilization of the development of tourism entities and their achievement of the level of economic efficiency of their activities. Keywords: tourism, tourist flows, quarantine, epidemic risks, pandemic, Covid-19, «Roadmap for the competitive development of tourism in Ukraine», development of the tourism sector.

scholarly journals Global Trends of Modern World Economic Development

2017 ◽  
Author(s):  
Kaisyn Khubiev ◽  
Turusbek Asanov ◽  
Marat Kudaikulov
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Global Economy ◽  
Modern World ◽  
Global Trends ◽  
Technological Unemployment ◽  
The World ◽  
World Economic ◽  
First Time

The article considers factors and tendencies of world economic development, defining a new level of aggravation of struggle for resources and markets. They include: global socialization; concentration and centralization of capital; the struggle for a new economic and trade division of the world; countercyclicality and debt nature of the modern global economy. Is considered a new competitive space combat technological unemployment caused by modern technological revolutions. There is a big trend of the formation of a unipolar economic and trade space-based mega-projects and related threats. For the first time explores the manifestation of the "phenomenon of Trump" in economic policy.

scholarly journals Trajectory of Steady Growth or Next Disbalance of Mechanisms of the World Economy

2019 ◽  
Vol 12 (5) ◽  
pp. 64-90
Author(s):  
E. N. Smirnov ◽  
V. N. Kirillov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Interest Rates ◽  
World Economy ◽  
Practical Importance ◽  
Modern World ◽  
Economic Dynamics ◽  
Social And Economic Development ◽  
The World

Main objective of the article – assessment of problems and opportunities of speeding up of world economic growth in the context of the crisis phenomena and turbulence in economy. Complication and reformatting of the economic relations between the countries represents serious challenges for modern economic dynamics. Methodological approach of the authors is based on assessment of the defining influence of new factors on delay of economic activity and economic development. The thesis about the defining impact of international trade on economic growth is called into question. It was analyzed the value and a role of the international companies as growth catalysts in the conditions of new technological revolution. It is established that risks of development of the world economy continue to increase, and the main of them – in decline in labor productivity in the developed countries, uncertainty concerning interest rates and economic policy of the states, the universal growth of sovereign and corporate debt of the states. It is shown that China has the increasing problems with the growth; however the flexibility of its economic policy allows to connect additional mechanisms of speeding up of social and economic development. In the European Union economic growth depends on the solution of problems of consolidation of the budgetary process, decrease in a debt, and in general – on reforming of the existing model of social and economic development. Prospects of economic dynamics will depend in many respects on stability of trade relations between the countries, and on the effective international cooperation directed to overcoming imbalances of the modern world economy. Opportunities and problems of an exit of developing countries to a trajectory of sustained economic growth in the conditions of digitalization and digital transformations in the world economy are estimated. Aggravation of a problem of inequality in the conditions of digitalization of the world economy is possible to overcome, however a number of measures in the sphere of industrial, innovative and regulatory policy is necessary. Also at the international level serious reforms in the sphere of financial regulation and taxation are necessary. The conclusions received as a result of the research have important practical importance as overcoming the problems stated above and also trade political differences between the countries will make economic growth steady and inclusive.

Civilization challenges to global economic development

2020 ◽  
pp. 131-142
Author(s):  
Maksym A. Zhyvko ◽  
Andriy R. Zastavnyy ◽  
Oleh V. Ivashchuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Developed Countries ◽  
Survey Study ◽  
Main Element ◽  
Modern World ◽  
Negative Consequences ◽  
The World ◽  
The Impact ◽  
Religious Differences

The geospace stratification substantiate and its spatial differences reveal based on the analysis of the economic growth dynamics. The impact of the COVID-19 pandemic on the slowdown in economic growth confirmed and its negative consequences for the investment sphere clarified, because the ability of countries to respond adequately to these processes is different. It has been determined that under the globalization influence, the world acts as a single whole, and the core of developed countries and the periphery is formed as well as local civilizations are transformed. Attention focuses on the research of the values problems that determine the state of society development. The research of the essential characteristics of civilizations carried out and the ideas of the main European civilizational schools characterized. Based on M. Rokeach’s concept, the features that characterize values are determined. It confirmed the values that dominate in society are the main element of culture. The model for measuring the cultural variability of the cross-cultural plane, which was developed by the Dutch psychologist G. Hofstede, is detailed, and the influence of cultural characteristics on the new economy formation is analyzed. The «World Values Survey» study has been assessed. It confirmed that, due to the impossibility of full-fledged self-realization of the individual, migration processes activated and their analysis shows a tendency towards growth. It substantiated that in the modern world the questions about the nature of the socio-cultural integrity of civilizations and civilizational ecumene, associated with religious differences and demographic processes, remain unresolved. An assessment of the demographic situation in the world carried out and its growing dynamics and regional asymmetries clarified. A spatial analysis of the distribution of countries in the global space with dominant religions carried out and the main trends in the world religions development revealed. The role of strengthening the intangible component in the structure of modern economic reproduction argues. It confirmed that the potential of the countries and the world development as a whole takes place in the process of deepening cross-civilization-integration processes. The main civilizational challenges of global economic development are formulated, they are formed under the multi-vector processes in the world, including: spatial asymmetry of countries’ development, universalization of values, socio-cultural differences, ethnic problems, religious differences, demographic and migration processes.

scholarly journals PRIORITIES FOR THE DEVELOPMENT OF THE ECONOMY OF THE USA AND SOME EUROPEAN COUNTRIES

2020 ◽  
Vol 5 (5) ◽  
pp. 151
Author(s):  
Anton Stolitnii ◽  
Vitalii Makhinchuk
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
World Economy ◽  
System Analysis ◽  
Practical Implication ◽  
European Countries ◽  
Modern World ◽  
High Tech ◽  
The World ◽  
The Usa

The purpose of the article is to reveal the newest and priority tendencies towards formation of the directions of encouraging the development of the world economy under globalization. The subject of the research is the priorities for the development of the economy of the USA and some European countries. Methodology. On the basis of the scientific literature analysis, the current economic situation of the USA and some European countries was analyzed and the strategic priorities and goals of the world economic development were determined, as well as the dialectical method, the method of scientific abstraction and the method of system analysis were used. The studies have shown that in order to implement foreign experience there is a number of key economic problems, which impede the development of the economy. It was found that a complex structural transformation of the world economy is needed to increase the share of the high-tech and innovative sectors. Practical implication. A comprehensive analysis of the status and determinants of economic development of the USA and some European countries from the perspective of the threats and risks associated with crisis situations in the modern world was made. The basic principles of the formation and implementation of the economic development strategy based on the harmonization of strategic priorities and strategic goals of the USA and the EU were determined, as well as the need to reform the economic sector in order to build promising areas of the economy was substantiated. Value / originality. The conducted research revealed the state of development of the economic system of the USA and some European countries.

scholarly journals PROSPECTS OF DEVELOPMENT OF GEORGIA`S TRANSIT FUNCTION AND ITS IMPACT ON THE COUNTRY`S ECONOMY

2019 ◽  
Vol 4 (7) ◽  
pp. 104-116
Author(s):  
IRAKLI DANELIA
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Panel Data Analysis ◽  
Economic Cooperation ◽  
Modern World ◽  
Medium Size ◽  
The Caucasus ◽  
Member States ◽  
The World ◽  
Transport Logistics

Depending on geographical location, the development of Georgian economy was directly related to the efficient use of transit function. For Georgia, as a transit function, the importance of transportation infrastructure is important in the formation of its geo-economic positioning strategy. The acquisition, realization and development of Georgia›s transport potential began in the 90s of the 20th century. Nevertheless, complex research and analysis on the possibilities of development of transit function of the country in Georgian economic literature is not practically investigated yet. Morover, there are not identified determinants on the development of the sector, and their impact on the economic development of the country is not defined either. The study aims to analyze capabilities of Georgia›s transit potential and to determine its influence on economic development of the country in the process of integration of modern world economy. The following objectives are derived: • Identification of significant stimulant determination of development of transport / logistics field and its effectiveness; • Establishment of transit / logistics potential for economic development of the country. The objective of the research is the transport and logistics sector in the Member States of the Organization for Economic Cooperation and Development, the Caucasus and Central Asian countries as an important instrument of economic development of the country. The research is subject to comparative analysis of the targeted and consequential indicators of transport and logistics sector in the member states of the Organization for Economic Cooperation and Development, in the Caucasus and Central Asia. The theoretical foundation of the research is the works of various Georgian and foreign researchers about the study. The survey was based on the World Bank, the Organization for Economic Development and Cooperation, Eurostat, National Statistics Office of Georgia, Georgian and Foreign Professionals, Georgian and Foreign Marine Ports, Railway and Motor Operators, as well as the laws of Georgia. The work is based on analysis and synthesis, quantitative, qualitative, groupings, and medium-size, graphic expression, indexing, comparison, regression and correlation methods. The scientific innovation of the research is the attempt to conduct a complex examination of transit capabilities in Georgia, as a result of which: • Using the Panel Data Analysis Method is reasonable as the development of the transport / logistics sector is a very positive role in the socio-economic development of the country, the main determinant of which is the infrastructural investment. • Panel examinations and econometric calculations for member and partner countries of the Organization for Economic Co-operation and Development (OECD) with transit function and sea exit confirmed that investments in the transport/logistics infrastructure of these countries are the most efficient. The paper can be used to overcome the challenges of successful transit systems in Georgia and its successful integration into the world economy. Consequently, the findings and recommendations of the research topic are appropriate for the Ministry of Economy and Sustainable Development, the Ministry of Regional Development and Infrastructure, the Parliament of Georgia and other sectoral authorities, non-governmental organizations, scientific organizations and other stakeholders. In the process of teaching geo-economics, «international economy», «world economy» and their neighboring disciplines.

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