scholarly journals ASSESSMENT THE ADAPTABILITY OF THE WORLD ECONOMY TO THE GLOBAL MODERN CHALLENGES

2021 ◽  
Author(s):  
Yevhenii Yarushyn ◽  
Nataliia Skrypnyk
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
Extreme Weather Events ◽  
Main Trend ◽  
Economic Losses ◽  
World Economic Forum ◽  
Global Challenges ◽  
The World ◽  
World Economic ◽  
The Impact

The article examines the adaptability of the world economy to the global modern challenges. It was revealed that the main trend in the emergence of new challenges in the economy is the rapid spread of globalization processes, which have led to the elimination of many barriers in society. Modern trends make it impossible to perceive global challenges as a negative event that can lead to catastrophic consequences in the world economy. In fact, the emergence of such challenges is usually positive for the further development of the world, since they are the main driving force in contributing to the development of society and the environment that surrounds it. Defined the concept of global risks according to the methodology of the World Economic Forum and made their classification by categories and long-term. Global risks can lead to huge economic losses, which will negatively affect the development of the world economy. The World Economic Forum in its annual reports on global risks defines the concept of such risks – these are events that cause a significant negative impact on national economies and the most important industries of the countries of the world within 2-10 years from the moment of their manifestation. The most critical risks to the world have been found to be the spread of the COVID-19 pandemic, the manifestation of extreme weather events, youth frustration, the collapse of social cohesion and climate change. The analysis of the forecast of the growth of the gross domestic product in the world in 2021–2022, which showed that despite the negative growth in 2020, which was caused by the outbreak of the pandemic, in 2021 growth is projected in almost all countries of the world. It has been established that the modern intergovernmental system and international institutions are not capable of ensuring stable growth in the face of crisis phenomena. The development of a mechanism for anti-crisis regulation at the international level is proposed, which should become an effective tool in overcoming the goals that global challenges pose to the world. In addition to international cooperation, it is important to increase the contribution of the scientific and technological community in promoting solutions aimed at the future. Strong interactions between universities, governments, corporations and civil society can be an effective tool in minimizing the impact of future challenges, ensuring better risk management and adaptation.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

Gender Impact on the Enterprise Performance

2020 ◽  
pp. 54-62
Author(s):  
Oleksii V. Lyulyov ◽  
Oleksandra I. Karintseva ◽  
Andrii V. Yevdokymov ◽  
Hanna S. Ponomarova ◽  
Oleksandr O. Ivanov
Keyword(s):  
Gender Equality ◽  
Gender Gap ◽  
Gender Representation ◽  
Board Members ◽  
Enterprise Performance ◽  
World Economic Forum ◽  
Return On Assets ◽  
The World ◽  
World Economic ◽  
The Impact

The article describes the situation of gender equality in Ukraine and in the world during the last 5 years, identifies the leading countries in moving towards gender equality in various fields of life by analyzing the indicators of the Global Gender Gap Report of the World Economic Forum. These indicators include: Economic Participation and Opportunity, Educational Attainment, Health and Survival, Political Empowerment, which are the part of a single index that determines the position of countries in the overall ranking. Based on the results of this analysis, Ukraine has improved value of gender equality index, although in the overall ranking of countries Ukraine has lost its position and dropped 11 ranks lower than in 2014. This means that, among all the countries surveyed by the World Economic Forum, there are countries that are moving much faster towards gender equality than Ukraine. In addition, the article includes the investigation of the gender representation among the board members of 5 enterprises of Ukraine for 2014-2017, which represent the leading sectors of the Ukrainian economy. The dynamics of changes in the level of performance of these enterprises using the return on assets (ROA) indicator is analyzed, the relationship between the leadership of the enterprises and the value of the ROA indicator is graphically presented. The obtained results do not give a clear answer about the gender impact on the enterprise performance. The reason for this is a number of factors, such as: insufficient statistical sampling of enterprises; the selected performance indicator of enterprise activities does not fully reflect the impact of the gender factor on enterprise activities; the methodology used in the work needs improvements, or it is necessary to choose a totally new approach to the analysis of the investigated issue under study. Gender representation among board members and its impact on enterprise performance should be investigated further. Key words: gender, gender equality, enterprise board members, return on assets.

scholarly journals Foreign Experience of State Management of Raw Materials Industries and the Possibility of its Implementation in the Russian Federation in the Post-Covid Period

2021 ◽  
Vol 93 ◽  
pp. 05004
Author(s):  
Dmitry Rodnyansky ◽  
Ivan Makarov ◽  
Evgeniya Korotayeva ◽  
Vadim Kovrigin ◽  
Vladislav Nazarenko
Keyword(s):  
Climate Change ◽  
Raw Materials ◽  
Oil Industry ◽  
State Regulation ◽  
World Economic Forum ◽  
State Management ◽  
The World ◽  
World Economic ◽  
The Russian Federation ◽  
The Impact

In modern conditions, issues related to the effectiveness of the regulation of the oil industry by the state are becoming increasingly important. In January 2018, the World Economic Forum was held in Davos, which, in particular, noted the impact of the growth of protectionist trends in the global trade in hydrocarbons, and the impact of climate change on the planet on the export of hydrocarbons. As a result of the forum, the key ways of adjusting the policy of states in the relevant area were identified. At the same time, a significant number of states are already seeing the process of changing state regulation of the industry. In this article, the authors analyzed the systems of state regulation of the oil industry in different countries, and also gave assessments of the possibility of integrating new mechanisms into the system of sectoral management in Russia in the conditions of post-covid reality

scholarly journals ECONOMIC CRISES IN THE TWENTY-FIRST CENTURY AND THE IMPACT ON STATE SECURITY

2020 ◽  
Vol 1 (17(67)) ◽  
pp. 6-14
Author(s):  
Grzegorz Zając
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
First Century ◽  
Economic Crises ◽  
State Security ◽  
The Us ◽  
Lehman Brothers ◽  
The World ◽  
Greek Government ◽  
The Impact

The economic crises of the 21st century have severely damaged the world economy. The first big crisis began in 2008 with the bankruptcy of one of the largest banks in the US, the Lehman Brothers Bank. The next crisis mainly affected Europe and was associated with the disclosure by the Greek government in 2009 of the dire state of public finances and huge monetary embezzlement. This crisis had a negative impact on many European countries belonging to the euro zone, as well as on many other countries outside this area, indirectly reducing investment or limiting international trade. Another crisis is related to the coronavirus pandemic announced at the beginning of 2020. At that time, most countries in the world have made a "lockdown" of the economy for many weeks. Various sectors of the economy were restricted or completely shut down almost overnight, seriously affecting societies

GLOBAL TRENDS AND CHALLENGES WORLD ECONOMY

2021 ◽  
Vol 3 (9) ◽  
pp. 112-117
Author(s):  
L. V. AGARKOVA ◽  
◽  
T. G. GURNOVICH ◽  
M. G. RUSETSKY ◽  
I. M. PODKOLZINA ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
International Community ◽  
World Economic Forum ◽  
Global Trends ◽  
The World ◽  
World Economic ◽  
Financial Consequences ◽  
Definition Of ◽  
Statistical Indicators

This article examines the main global threats of 2021 presented at the World Economic Forum, namely, the economic risks that are most likely to affect the international community in the current year. The article also analyzed the financial consequences of the COVID-19 pandemic, which undoubtedly made ad-justments to the definition of the main global threats of our time. In addition, the risks were considered in relation to the current statistical indicators of the Russian and global economy.

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 THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

scholarly journals THE INFLUENCE OF NEW POST-PANDEMIC WORLD STANDARDS ON THE DEVELOPMENT OF THE TOURIST INDUSTRY

2021 ◽  
Vol 2021 (2) ◽  
Author(s):  
O.M. Zamora ◽  
A.V. Teslyk ◽  
L.M. Taraniuk ◽  
V.O. Shcherbachenko ◽  
P.M. Lazis ◽  
...  
Keyword(s):  
World Economy ◽  
Service Sector ◽  
Negative Impact ◽  
Tourism Industry ◽  
Social Consequences ◽  
Practical Significance ◽  
Global Changes ◽  
Tertiary Sector ◽  
The World ◽  
The Impact

In the context of global quarantine and uncertainty, an important aspect is the development of the economic spheres of the post-pandemic world and its new standards. The measures taken to combat the spread of COVID-19 have a particular impact on the tourism industry, which has become one of the most affected during this period. The study focuses on the prospects and emergence of new standards of living and doing business in countries with a significant weight of tourism in their GDP and the impact of post-pandemic features on countries that are beginning to develop in the tourism industry. During the preparation of the article, the dependence of the service sector on the stable situation in the world and the challenges posed by this pandemic to this branch of the tertiary sector of the economy were analyzed. Emphasis is placed on the study of the interaction of social and economic factors that affect the development of the tourism industry in the context of globalization. The relevance of the article lies in the need to predict ways to adapt countries to global change based on the experience of governments in combating the negative impact of coronavirus on the tourism industry. The purpose of the study is to reveal the impact of new norms of the post-pandemic world on the development of tourism. Methodology and scientific approaches: analysis of scientific works in the fields of economics, finance, sociology and medicine. An analysis of statistics for the COVID-19 pandemic, collected by global health and safety structures; reports of government agencies and analysis of the impact of quarantine restrictions on the state of their economy. The ability and pace of adaptation of the post-pandemic world to global changes and in particular to the tourism industry have been predicted. The result of the research is to reveal the scale of the pandemic effect on the world economy and forecast the vectors of tourism business development in the new realities. The practical significance of the article is determined in the analysis of the necessary transformation of the world in order to overcome further economic crises. The social consequences of compulsory vaccinations and non-violation of existing quarantine restrictions are positive in terms of improving the world economy.

scholarly journals THE INFLUENCE OF CHINESE-AMERICAN TRADE RELATIONS ON CHINA's FOREIGN POLICY RELATING TO THE USA

2021 ◽  
Vol 5 (1) ◽  
pp. 65-73
Author(s):  
Jiang Junjing
Keyword(s):  
United States ◽  
Foreign Policy ◽  
World Economy ◽  
Negative Impact ◽  
The United States ◽  
Economic Benefits ◽  
Wide Range ◽  
The World ◽  
China’S Foreign Policy ◽  
The Impact

Based on a wide range of sources, the article analyzes the impact of China's trade and economic relations with the United States. Several periods of interaction between countries after the end of World War II are considered. Special attention is paid to the period of restoration of diplomatic relations since 1979. Based on various sources and historiography, the author analyzes the researchers' points of view on the impact of economic issues on the relations between the two countries. In the course of the research, the author came to the conclusion that an important aspect in the direction of the foreign economic policy of the People’s Republic of China in the first post-war years was the ideological factor. The article presents an analysis of changes in the vector of China's foreign policy in different periods. The main ways of interaction between the United States and China are described, depending on changing foreign policy doctrines. The reforms launched in 1978 provided China with economic growth and a growing prestige on the world stage, which is still present today. The rapprochement between the United States and China after the collapse of the Soviet Union in 1991 brought certain economic benefits for the two countries. However, the aggravation of relations between the countries in the new Millennium provides an opportunity for new assessments of the PRC's position on the world stage. Trump’s coming to power in the United States is regarded as an economic war between the two countries. China's increased investment capacity and technological independence make it an attractive partner for other countries, which in turn has a negative impact on trade with America. The most important thing in this situation is the fact that the globalization of the world economy caused by scientific and technological progress, including the rather close interweaving of the US and Chinese economies, contradicts the national interests of both countries, which are trying to strengthen their positions and role in the world economy. Based on the analyzed material, the author comes to the conclusion that recently the foreign policy relations between China and the United States directly depend on the economic interests of the parties.

scholarly journals THE IMPACT OF THE 4th INDUSTRIAL REVOLUTION ON THE EMPLOYMENT RELATIONSHIP AND ADAPTIVE SKILLS REQUIREMENTS

2019 ◽  
Author(s):  
Odirile Sepeng
Keyword(s):  
Industrial Revolution ◽  
Employment Relationship ◽  
Adaptive Skills ◽  
Technological Advancement ◽  
World Economic Forum ◽  
Labour Law ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
Industrial Revolutions

This article reflects on the possible future of labour law as a response to industrialisation, particularly the 4IR. First, I discuss the origin of the industrial revolution by reflecting on the first three industrial revolutions and the present 4IR. Second, I reflect on; 1) the possible impact of the 4IR on the employment relationship and 2) the new and/or adaptive skills requirements. Third, I present recommendations to respond to the fast-changing pace of labour and industrialisation suggested by the World Economic Forum (WEF). I thereafter conclude that the 4IR may be used as a vehicle to promote a socially affirmative interpretation of fairness in the labour context. This promotes a constitutional obligation to protect the interests of workers, in light of technological advancement, that have the potential to widen the income inequality gap.

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