scholarly journals The Revival of Protectionism in the Modern World: Case Study of Uzbekistan

2020 ◽  
pp. 17-23
Author(s):  
Regina Gaynulina
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Adam Smith ◽  
Research Work ◽  
Developed Countries ◽  
Geographic Region ◽  
Modern World ◽  
Government Interventions ◽  
Wealth Of Nations

Since the publication of The Wealth of Nations by Adam Smith, in which market-based economy free from government interventions was systematically defended, economics and philosophy have mostly parted ways, culminating in a clear distinction between how most economists and philosophers view the global economic order. Although it is now clear that trade liberalization, unlike protectionism, paves the way for economic development, many still argue that the countries are better off implementing protectionist measures. Even the developed countries today seem to slowly return protectionist policies, while the developing ones commonly employ them fully. In this research work, the author will analyze the recent trends in trade policymaking as well as conduct a case study of Uzbekistan to see what impact the decades of protectionism and recent trade-liberalization reforms made on the country’s economic growth. The aim of the work is to identify and reveal the features of new protectionism in the context of globalization of the world economy and the related contradictions and to provide recommendations for Uzbek authorities based on the empirical findings. There is a very limited number of researches made in the field of trade policy in Uzbekistan, therefore this work will contribute to both Uzbekistan and global scientific societies, as the case study can be used to improve the current situation in the country, as well as it can be applied to the countries of a similar economic background (precisely present at the same geographic region) for the same purposes. The hypothesis proposed for this research is: When the country implements high protectionist measures it faces lack of money inflow, which consequently leads to a slow-down in economic growth.

Trade Liberalization, Structural Change, and Economic Growth

2021 ◽  
pp. 407-441
Author(s):  
Michael Landesmann ◽  
Neil Foster-McGregor
Keyword(s):  
Economic Growth ◽  
Structural Change ◽  
Trade Liberalization ◽  
Productivity Growth ◽  
Global Economy ◽  
Adam Smith ◽  
Trade Theory ◽  
New Trade Theory ◽  
The Impact ◽  
The Relationship

Trade and the integration of countries into the global economy is one of the main forces shaping the structural composition of economies, an effect which in turn is expected to impact upon productivity and growth. Structural change can be restrained or reinforced by international trade. This chapter reviews the theory on the relationship between trade and trade liberalization and both structural change and growth, from the contributions of Adam Smith to the more recent new new trade theory beginning with the work of Melitz. The chapter further discusses the existing empirical evidence on the relationship between trade and structural change, before concluding by presenting evidence on the impact of trade liberalization on productivity growth for a broad sample of countries, further decomposing the effect into an effect due to structural change and an effect due to within sector productivity developments.

scholarly journals THE ROLE AND IMPORTANCE OF TECHNICAL REGULATION IN INCREASING EFFICIENCY IN THE ENERGY SECTOR

2021 ◽  
Vol 06 (02) ◽  
pp. 28-29
Author(s):  
Nurlan Hajizade Nurlan Hajizade
Keyword(s):  
Economic Development ◽  
Research Work ◽  
Developed Countries ◽  
Energy Sector ◽  
The State ◽  
Modern World ◽  
Special Role ◽  
Negative Consequences ◽  
Technical Regulation ◽  
Definition Of

One of the important vectors of economic development in the modern world is the minimization of the negative consequences of human economic and other activities. Therefore, highly developed countries impose mandatory and voluntary requirements on the development of products and implement a series of measures. Necessary regulatory activities of the state in this direction include the definition of mandatory requirements, their proper implementation and the application of sanctions. All these processes are carried out through technical regulation. It is important to apply technical regulation in every sector of the economy. This importance plays a special role in the energy sector, which is closely linked to all sectors of the economy, and differs even more. In this regard, the role and importance of technical regulation in increasing the efficiency of the energy sector in the research work is highlighted.

scholarly journals ANALISIS DAMPAK LIBERALISASI PERDAGANGAN KAWASAN EKONOMI ASIA TERHADAP KINERJA EKONOMI MAKRO ASEAN

2018 ◽  
Vol 1 (2) ◽  
pp. 104-119
Author(s):  
Ichsan Zulkarnaen ◽  
Rina Oktaviani ◽  
Mangara Tambunan ◽  
Yulius Yulius
Keyword(s):  
Economic Growth ◽  
Trade Liberalization ◽  
Main Tool ◽  
Developed Countries ◽  
Terms Of Trade ◽  
Economic Welfare ◽  
Import Tariff ◽  
Asean Countries ◽  
The Impact ◽  
Japan And China

This research intends to explore the impact of trade liberalization on macroeconomic performances, especially on Indonesia and other ASEAN Countries. The GTAP model is used as the main tool of analysis. The findings show that the benefit of the trade liberalization is still dominated by developed countries such as Japan and China. The elimination of import tariff results an increase in economic growth and economic welfare on all participated countries. It also results in an increase in GDP deflator and terms of trade which meant decreasing competitiveness.  Keywords: Asia trade liberalization, ASEAN countries, GTAP model

scholarly journals A Case Study on Applicability of Intellectual Property Rights to the Traditional Medical Systems of Asia and Africa

2021 ◽  
pp. 1-11
Author(s):  
Dr. Pradipta Mukhopadhyay
Keyword(s):  
Intellectual Property ◽  
Property Rights ◽  
Intellectual Property Rights ◽  
Research Work ◽  
Developed Countries ◽  
Modern World ◽  
Medical Systems ◽  
Underdeveloped Countries ◽  
The World ◽  
The Impact

Today with an ever increasing population, and the recent Pandemic of COVID-19 still in force throughout the world, agricultural innovation is getting vital in order to increase the productivity and secure the global food supply but agriculture research and development is always a costly affair and while previously it was undertaken mainly by public sector, today the private sector is adopting the work of Research & Development specifically in the area of biotechnology. Thereafter we see that in the modern world in both the developed and developing countries use of herbal medicines, phytonutrients and nutraceuticals are expanding rapidly as many persons are resorting to these products for treatment of various health problems within various national healthcare settings but many of these products have remained untested and their use are also not monitored which has caused problems in acquiring proper knowledge of the adverse effects of these medicines and therapies used, creating safety related issues for the persons who are using them along with causing obstacles in proper promotion of these products and methods throughout the world. Intellectual Property (IP) refers to the creations of mind such as inventions, literary and artistic works, designs, symbols, names and images and these are protected by laws like Patents, Copyrights, trademarks etc, which enable people to earn recognition or financial benefits from what they invent or create. Previously machines were considered for invention or artistic creations and were protected by the Intellectual Property Rights and the assignment of IPRs to living things is relatively a recent phenomenon in the developed countries but today agriculture is seen as an industry that cannot survive without research, development and investments. This situation made it necessary to extend protections of IPRs in all its forms to the agriculture sector also. Then we see that recently not only Ayurveda of India but also other Traditional medical systems of Africa and South America has also started getting recognitions throughout the world as a rationale system of medicine and so it is absolutely necessary to understand the concept, rules, regulations, present status, controlling authorities of Intellectual Property Rights to protect and promote the ideas about these types of treatments and medicines and make them acceptable throughout the world without any constraints for the development of the developing and underdeveloped countries of the Asia, Africa and South American continents . In this paper we will study the impact of Intellectual Property Rights on the traditional medical treatment systems of continents of Asia, Africa and will try to examine how Intellectual Property Rights can be applied to protect and increase the production of medicines developed from medicinal herbs in the developing and underdeveloped countries of Asia and African countries along with a special reference to India. This study has been casual, exploratory and empirical in nature and the data needed for research work has been collected by using both direct and indirect methods of data collection..

scholarly journals A Case Study on Digital Literacy with Respect to India

2021 ◽  
pp. 1502-1512
Author(s):  
Dr. Pradipta Mukhopadhyay
Keyword(s):  
Digital Literacy ◽  
Research Work ◽  
Digital Technologies ◽  
Modern World ◽  
Access To Information ◽  
Human Beings ◽  
Digital Platforms ◽  
Digital Devices ◽  
Clear Information

Digital Literacy means having the required knowledge and skills what human beings of modern world needs to learn and work in a society where communication and access to information is done through digital technologies like internet, social media etc, with the help of digital devices like computer, laptops, desktops, tablets, or mobile and refers to an individual’s ability to find, evaluate and compose clear information through writing and other media on various digital platforms. In this paper we will study the meaning of digital literacy along with the present status of digital literacy in the current world with a special reference to India. The current study has been casual, exploratory and empirical in nature and the data needed for research work has been collected by using both direct and indirect method of data collection.

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.

Bharat Forge: entrepreneurial leadership triumphs disruptive times

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Praveen Gupta
Keyword(s):  
Corporate Strategy ◽  
Research Work ◽  
Developed Countries ◽  
Online News ◽  
Entrepreneurial Leadership ◽  
International Expansion ◽  
Business World ◽  
Content Type ◽  
Auto Component

Theoretical basis There had been many pieces of research on international expansion approaches, and they continued to grow. However, research about the firms belonging to emerging nations and that went global were still in the early stages. It had been argued that most theories on international expansion had focused on explaining the internationalization of large firms, majorly originating in developed countries. This case study offers an intriguing reading about an Indian MNC, successfully entering the developed markets and competing thereof amidst tough and complex world. Moreover, the leaders like Baba Kalyani met the stiff challenge from complexities and disruption successfully through entrepreneurial mindset. The case study offers insights into “Creating Value Through Entrepreneurial Leadership Framework”. Research methodology The case study has been developed through secondary data sources. The published online resources, the firm's annual reports formed the basis of the research work. Author accessed online news articles, auto component industry experts' views and reports from global consultancy firms, and auto industry body such as SIAM (Society of Indian Automobile Manufacturers) reports helped the research. The views and interviews by promoters of the company are available online for deeper insights and analysis. Case overview/synopsis An Indian multinational, Bharat Forge Limited (BFL), was a shining example of achieving global manufacturing standards through perseverance and entrepreneurial leadership. For more than the past four decades, BFL faced complexities, uncertainties and disruptions multiple times, and every time, the business world saw a resurgent company, Bharat Forge. The company achieved growth through diversification, related and unrelated, acquisition, product innovation, portfolio expansion and expansion in domestic and global development. Competitive market, economic slowdown, innovation and technology disruption had not deterred BFL from growing into a worldwide auto component giant. BFL overcame all hurdles with grit and enterprise. It achieved a paradigm shift with over half the revenue from non-automotive sectors such as defence, electric vehicle components, e-mobility, power electronics and aluminium light-weighting. Complexity academic level This case is planned for MBA students, primarily in the second half of the course curriculum. It can be executed in marketing, strategic marketing and strategic management courses. The conceptual framework pertaining to corporate strategy, global expansion, diversification, product development, innovation, disruption, market development and entrepreneurial leadership can be taught through the case. The case is suitable for MBA executive students as well, in courses mentioned above in addition to courses such as strategic leadership.

Science, Technology and Development: China as a “Case Study”

1972 ◽  
Vol 51 ◽  
pp. 520-534 ◽  
Author(s):  
Genevieve C. Dean
Keyword(s):  
Economic Growth ◽  
Technological Change ◽  
Third World ◽  
National Development ◽  
Developed Countries ◽  
Developing Economy ◽  
The Third ◽  
Self Reliance ◽  
The Third World

China shares with the developing countries of the third world the broad objective of economic growth, starting from a condition the Chinese themselves describe as “poor and blank” relative to the material resources of the developed countries. Yet “self-reliance” has been the keynote of Chinese policies for ten years, and the Chinese now urge the rest of the third world countries to adopt the same principle for their own development. In broad terms, “development” refers to the improvement of a society's material welfare, resulting from economic growth and from appropriate measures of income distribution. In Chinese and, increasingly, in general usage, such economic growth is identified with the use of production processes and the production of goods new to the developing economy. “Self-reliance” does not necessarily preclude transfer of foreign technologies into the developing country, but specifies technological change which occurs in response to demands arising within the developing economy itself, rather than imposed on it from outside. In any country, demand for technological change and distribution of the fruits of technological advance are dependent on its political and social structure, as well as on economic factors, and on the country's international economic and political bargaining power. China, whose leaders have a particular perception of the implications of these relationships for their development objectives, is an especially significant “case study” of the use of science and technology for national development.

Educational Barriers For Females: A Case Study Of Karachi

2018 ◽  
Vol 17 (1) ◽  
pp. 165-184
Author(s):  
Sadaf Mustafa ◽  
M. Sadiq Ali Khan
Keyword(s):  
Economic Growth ◽  
Descriptive Analysis ◽  
Developed Countries ◽  
Economic Prosperity ◽  
Financial Status ◽  
Educational Barriers ◽  
Analysis Technique ◽  
Growth Economic

In the world, many under developing countries are continuously trying to improve their economic growth. Economic growth depends on the quality of education provided in the country throughout the different educational level. Without consideration of gender, it is important to provide equal standard of education for both. In many developed countries. Different genders are treated equally. Education is the important part for both genders of life. But in Pakistan, females are facing many difficulties in getting education. The females’ Education play an important role in building the overall socio-cultural and the human Capital and also bring economic prosperity in the country. In this research paper, authors have examined the different barriers faced by females in education. Sample size of 125 has taken while 113 was respondent. To examine the hypothesis, survey based descriptive analysis technique was used to determine the relation between dependent and independent variables. Analysis showed that females’ education was positively related with the financial status of parents. This Study also proved that parents’ qualification and the Islamic culture are also the main causes in throwing back the females’ education.

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