scholarly journals The World Financial Crisis: Impacts on GDP and International Trade in Taiwan

Author(s):  
Jean-Pierre Himpler
Author(s):  
V. Sokolov

In today's world there are three centers of industrial production: Western Europe, North America and East Asia. These regions account for the lion's share of world exports of industrial products. The financial crisis of 2008-2009 exerted major negative impact on the growth of international trade in these products. The article examines the trade in certain branches of engineering products in 1990-2000, the influence of the global crisis on international trade, as well as the balance of payments problems of major countries and regions of the world.


2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.


ALQALAM ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 187
Author(s):  
Budi Harsanto

The fall of Enron, Lehman Brothers and other major financial institution in the world make researchers conduct various studies about crisis. The research question in this study is, from Islamic economics and business standpoint, why the global financial crisis can happen repeatedly. The purpose is to contribute ideas regarding Islamic viewpoint linked with the global financial crisis. The methodology used is a theoretical-reflective to various article published in academic journals and other intellectual resources with relevant themes. There are lots of analyses on the causes of the crisis. For discussion purposes, the causes divide into two big parts namely ethics and systemic. Ethics contributed to the crisis by greed and moral hazard as a theme that almost always arises in the study of the global financial crisis. Systemic means that the crisis can only be overcome with a major restructuring of the system. Islamic perspective on these two aspect is diametrically different. At ethics side, there is exist direction to obtain blessing in economics and business activities. At systemic side, there is rule of halal and haram and a set of mechanism of economics system such as the concept of ownership that will early prevent the seeds of crisis. Keywords: Islamic economics and business, business ethics, financial crisis 


Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.


2015 ◽  
Vol 6 (01-02) ◽  
Author(s):  
Anis Ur Rehman ◽  
Yasir Arafat Elahi ◽  
Sushma .

India has recently emerged as a major political and economic power in the world. The financial crisis that engulfed the world in 2008 needed developing countries like India to lead the rescue and recovery, instead of G7 westerns countries who dealt with such crisis in the past. Recently, discussions and negotiations are going amongst G20 countries regarding a new global financial architecture (G-20 Summit, 2008). The outcome will affect the relevant industries in India and hence it is a public interest issue for the actuarial profession in the country. Increased and more intrusive and costly regulations and red tapes are likely to be a part of the new deal (Economic Survey 2009-10). The objective of this paper is to study the perception of higher level authorities in Insurance sector regarding the role of regulator in minimizing the impact of global financial crisis. The primary data has been collected from 200 authorities in insurance industry. The data has been analyzed with statistical tools like MS-Excel. On the basis of the findings, various measures and policy recommendations for insurers have been suggested to minimize the impact of crisis.


2021 ◽  
Vol 20 (1) ◽  
pp. 63-79
Author(s):  
Vesa Kilpi ◽  
Tomi Solakivi ◽  
Tuomas Kiiski

AbstractShipping plays an important role in the world, transporting over 80% of international trade and employing over 1.5 million seafarers. The maritime industry, including shipbuilding and equipment manufacturing, is extensive. Both of these interconnected businesses are facing rapid change caused by increasingly speedy technological development and the tightening of environmental regulation. This survey-based research analyzes the current and future competence needs of firms operating in maritime logistics and the maritime industry. The findings indicate that in both contexts, the increasing importance of various general competences is understood and the need is recognized in particular to improve those related to environmental regulation as well as technology and automation. Overall, the gap between current and desired levels of competence is expected to widen. In terms of education, this is likely to affect vocational training and university-level learning differently in that functional competences are emphasized more in the former and social and meta-competences in the latter.


2021 ◽  
pp. 1-16
Author(s):  
Alessandra GUIDA

The international trade in biotech products boosts national economies and advances scientific as well as technology innovation. However, while trading these products increases the spread of benefits on a global scale, it also increases risks to human health and the environment (ie biosafety). This is because the effects of this technology on biosafety are still highly uncertain. Against this background, the judicial bodies under the World Trade Organization (WTO) find themselves in the middle of an intricate and polarised debate in which a proper judicial balance between free trade and biosafety becomes fundamental in order to determine whether requests for ensuring human and environmental health justify trade restrictions. This paper aims to highlight that the WTO is institutionally unready for balancing economic and non-economic values. In suggesting how to rationalise the judicial balance between the competing interests in the context of biotechnology, this paper demonstrates that the judicial adoption of a well-structured proportionality analysis can turn the current balance by chance into a balance by structure.


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