scholarly journals DIGITAL TRANSFORMATION OF THE WORLD ECONOMY

2018 ◽  
pp. 7-15
Author(s):  
Olga Mikhailovna Markova ◽  
Elena Borisovna Starodubtseva
Keyword(s):  
World Economy ◽  
New Technologies ◽  
Developed Countries ◽  
Financial Behavior ◽  
Infrastructure Development ◽  
The World ◽  
The Usa ◽  
Definition Of ◽  
Key Indicators ◽  
Start Ups

In modern conditions the role of digitalization which is becoming the main factor of the development of the world economy, is growing significantly, as the competitiveness of individual countries is determined by the level of implementation of innovative banking technologies as a tool for creating digital financial ecosystems. At the same time, there are considered key indicators of bank customers activities related to Internet access and infrastructure development opportunities, the consumer demand for digital technologies, the specific application of legislative norms in this area, the development of innovations in individual countries based on additional investment in the latest technologies and digital start-ups. There is given the definition of the concept of digital economy, analysis of the development of digitalization in terms of its use in various areas: financial, production, trade, social. Within the framework of the national approach, digitization, for which a cyclical character is typical, is considered in detail. So, initially new technologies actively developed in the USA, Germany, Japan and other developed countries, but now these countries reduce the pace of growth of technological implementations, and the less developed countries, where the rates of digitalization are more significant. The article presents dividing countries in four categories, according to the growth of digitalization of the economy. In the world economy, the key to stability and high competitiveness in the long term should be the policy of continuous innovations, which requires from banks and other market participants to make quick and radical decisions that often affect their financial behavior and strategic line of development. Thus, the indicators of the involvement of countries in digital banking indicate that this type of banking activity is gaining momentum, and digitalization is currently the main vector of world development.

scholarly journals MIGRATIONS AS A RESULT OF THE GLOBALISATION

2021 ◽  
Vol 7 (3) ◽  
pp. 9-19
Author(s):  
Marián Mesároš ◽  
Josef Reitšpís
Keyword(s):  
Foreign Capital ◽  
New Technologies ◽  
Home Country ◽  
Labour Force ◽  
Mineral Resources ◽  
Developed Countries ◽  
Spare Parts ◽  
Cheap Labour ◽  
The World ◽  
The Usa

The globalisation of the world economy is a driving force of the development of the individual countries in the world. Mineral resources in some countries are very important for the development of such countries, however they also attract world economies that offer new technologies and new possibilities in the development of the infrastructure. The technological progress of less developed countries also brings undesirable accompanying phenomena, namely the dependence on spare parts, the inability of such countries to carry out an independent research development, and an inconspicuous lifestyle change of the population. Cheap labour force lures foreign capital and later, as a result of the change of political regimes, begins to have enhanced demands, including various trade union demands. This is the moment when the particular government starts being influenced, the population is dissatisfied and the dissatisfaction results in social riots. However, the foreign capital has meanwhile achieved its business interests and that is why it leaves the particular country. Subsequently, this results in internal problems and many times in migrations of the dissatisfied population. Research tools used to write this article was analysis, analysis, synthesis of available information, reports, scientific articles on the subject and subsequent deduction to identify conclusions. Following the latest findings, it takes at least ten years for migrants to start accepting laws and habitual practice of a particular foreign country. The same holds true for migrants from South America who decide to leave their home country to live in the USA. That is why the assimilation problem has to be solved very carefully and, if it is possible, to solve the problems of potential migrants on the territory of their home country.

scholarly journals DIRECTIONS FOR IMPROVEMENT OF INVESTMENT ATTRACTIVENESS OF UKRAINE ON THE GLOBAL STAGE

2021 ◽  
Author(s):  
Tetiana Ripa
Keyword(s):  
World Economy ◽  
Developed Countries ◽  
Political Life ◽  
Global Competitiveness ◽  
The World ◽  
New Strategy ◽  
Leading Position ◽  
Key Indicators ◽  
Internal And External Factors ◽  
Effective Use

In the conditions of deepening of transformational processes of development and formation of market relations in the system of world economy all branches of economy of Ukraine undergo significant transformations and reorientation. Under the influence of internal and external factors, the market environment changes. Despite the great resource potential, Ukraine fails to gain a leading position compared to economically developed countries. Therefore, it is advisable to study the current state of Ukraine's economy, analyze the dynamics of key indicators, assess the place in the world economy and find possible ways to improve the situation. As a result of the study, the main indicators characterizing the economic development of Ukraine for 2010-2020 were considered. Among them, the index of global competitiveness, the index of investment attractiveness occupy a special place. The analysis of the dynamics of these indicators revealed negative trends due to the aggravation of economic crises, hostilities in the east, the annexation of the Autonomous Republic of Crimea, destabilization of social and political life, the COVID-19 pandemic. It is determined that the main reason for this situation is the bankruptcy of domestic enterprises due to the low level of competitiveness and the inability to adapt to changing conditions of the external and internal environment and attract investment. The study proposed methodological approaches to assessing the level of investment attractiveness of the country and proved the importance of the ability not only to create new competitive advantages, but also to keep existing ones under the influence of a number of factors; Ukraine's ranking positions in comparison with other countries of the world according to the index of business conditions, the index of economic freedom, the index of global competitiveness, world competitiveness and world digital competitiveness are determined. It is established that the deterioration of rating places on these indicators requires the immediate development of new regulations, the choice of a new strategy for attracting investment, as well as the effective use of levers of influence on the economy.

The Effect of 2008 Financial Crisis on the Distribution of Economic Power

2020 ◽  
Vol 57 (2) ◽  
pp. 87-110
Author(s):  
Manmohan Agarwal ◽  
Amrita Brahmo
Keyword(s):  
Developing Countries ◽  
Emerging Economies ◽  
World Economy ◽  
Developed Countries ◽  
Economic Power ◽  
2008 Financial Crisis ◽  
The World ◽  
Considerable Debate ◽  
The Usa ◽  
The Developed Countries

There has been considerable debate over whether the USA is losing its stronghold over the world economy and its power declining, giving way to new leadership from the emerging economies (EEs) like China. This article uses the notion of power based on the resources available to a state. It uses a number of measures to measure the resources available to a state and so assess economic power. It finds that there has been a slight decline in the importance of the developed countries and an increase in that of the developing countries (DCs). However, there is a slight decline in the power of the USA. The increase in the importance of developing countries is mainly on account of China. But the changes do not mean that developing countries can get the changes they desire. There is more of a stalemate.

scholarly journals Development and Position of Africa in Science and Technology Today

2019 ◽  
Vol 2 (2) ◽  
pp. 60-68
Author(s):  
Adedokun J. Olusegun ◽  
Akinsanmi Fatima ◽  
Fasasi Abiodun Wakeel
Keyword(s):  
World Economy ◽  
Science And Technology ◽  
Developed Countries ◽  
West African ◽  
African Countries ◽  
Poor Countries ◽  
Economic Progress ◽  
The World ◽  
The Usa ◽  
The Developed Countries

Science and technology capabilities are fundamental for social and economic progress in African countries and they are crucial components aimed at fostering growth and development of every nation as they create impact on the various sectors of governments. Maintaining and Strengthening the contributions of science and technology become more important for Africa in addressing traditional development issues and successful application of science and technology entails establishing effective institutional framework and linkages so that the various science and technology institutions and the productive sectors work in a system that is focused on achieving developmental goals without undue duplication and completion. Unfortunately, many developing countries especially the poor countries in West Africa do not have human resources, physical and economic infrastructures and access to capital to take full advantage of the science and technology expertise and achievements of the developed countries like the USA, China, and Korea etc. Conclusively, it is imperative for Africa especially West African countries to embrace science and technology as a vital tool for accelerating their socio-economic development as science and technology enhances its international competitiveness and more importantly its position in the world economy.  

Digital Economy: New Opportunities and Threats for the Development of the World Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova
Keyword(s):  
World Economy ◽  
Practical Experience ◽  
Business Environment ◽  
Digital Economy ◽  
The State ◽  
Market Exchange ◽  
Country Level ◽  
The World ◽  
Business Structures ◽  
Definition Of

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.

PASAR LAYAR BERBASIS E-COMMERCE

2021 ◽  
Vol 3 (1) ◽  
pp. 91
Author(s):  
Rewindy Astari Surbakti ◽  
Doddy Yuono
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Interaction Space ◽  
Creative Economy ◽  
Start Up ◽  
The World ◽  
Human Thinking ◽  
New Generation ◽  
Start Ups ◽  
Generation Technology

The 21st century is known as the industrial revolution 4.0 which changes the economy among people who grow together with modernity and technology systems. It proves that the development of human thinking on creativity will greatly affect the development of the creative economy, but this has made the market begin to be abandoned by new generations and switch to e-commerce systems. The existence of an epidemic that has begun to spread in people's lives is also one of the factors that have changed the world economy and made the market begin to be abandoned. Changes in the world economy will require revitalization so that this is used as a foundation in the formation of the Screen Market integrated with the digital system to polarize the economy. The new generation is the key to the development and balance of the economy in technology, this is in line with the entrepreneurial nature and character of the new generation, which makes them prefer to develop as start ups. The revitalization of the economic center will become a forum for interaction with the surrounding environment so that the characteristics of the formation of interaction space are the basis and the beginning of the screen market. The screen market is located on Jl Arjuna Utara which is surrounded by malls, offices, universities, making the type of retail being marketed a creative sub-sector, namely culinary with local products, fashion retail, and also craft retail managed by start ups so it is hoped that the screen market can accommodate interaction and creatively combined with digital developments. Keywords: Economy; Market; New Generation; Technology. Abstrak Abad ke-21 dikenal dengan terjadinya revolusi industri 4.0 yang mengubah  perekonomian  di kalangan masyarakat yang bertumbuh bersama dengan sistem modernitas dan juga teknologi. Membuktikan bahwa perkembangan pemikiran manusia terhadap kreativitas akan sangat memengaruhi perkembangan ekonomi kreatif tetapi hal ini menjadikan pasar mulai ditinggalkan oleh generasi baru dan beralih pada sistem e-commerce. Adanya wabah yang mulai merambat dikehidupan masyarakat juga menjadi salah satu faktor yang merubah perekonomian dunia dan menjadikan pasar mulai ditinggalkan. Perubahan perekonomian dunia ini akan membutuhkan revitalisasi sehingga hal ini dijadikan sebagai landasan pijakan dalam pembentukan Pasar Layar yang dipadukan dengan sistem dari digital sebagai polarisasi perekonomian. Generasi baru merupakan kunci dari perkembangan dan keseimbangan perekonomian dalam teknologi, hal ini sejalan dengan sifat dan watak entrepreneur yang dimiliki oleh generasi baru sehingga menjadikan mereka lebih memilih berkembang sebagai start up. Revitalisasi pusat perekonomian ini akan menjadi wadah interaksi dengan lingkungan sekitar sehingga adanya karakteristik pembentukan ruang interaksi sebagai dasar dan awal dalam pasar layar. Pasar layar berada di Jl. Arjuna Utara yang dikelilingi oleh mall, kantor, universitas menjadikan jenis retail yang dipasarkan merupakan subsektor kreatif yaitu kuliner dengan produk lokal, retail fashion dan juga retail kriya yang dikelola start up sehingga diharapkan Pasar Layar mampu menampung antara interaksi dan kreatif  yang dipadukan dengan perkembangan digital.

The International System, Labor-Force Structure, and the Growth and Distribution of National Income, 1950–1980

1992 ◽  
Vol 35 (2) ◽  
pp. 249-282 ◽  
Author(s):  
Robert Fiala
Keyword(s):  
Labor Force ◽  
World Economy ◽  
International System ◽  
National Income ◽  
National Development ◽  
Developed Countries ◽  
Force Structure ◽  
The World ◽  
Residual Plots ◽  
Cross National

The primary goal of the present study is to use cross-national data on labor-force structure to examine the manner in which the international system shapes the character of national development, and the consequences of variation in development strategy for the growth and distribution of national income. A complementary goal is to illustrate the use of residual plots to overcome the “black box” character of cross-national studies, and thereby provide a bridge to case-study research. Multivariate analyses and residual plots provide results congruent with both world-political-economy and developmental perspectives, and indicate that the world economy may be used by lesser developed countries to obtain more rapid and equitable economic growth, although this was not a natural outcome of the world economy in the 1960s and 1970s.

scholarly journals Technological Progress, Globalization, and Secular Stagnation

2018 ◽  
Vol 7 (1) ◽  
pp. 59-100 ◽  
Author(s):  
Milenko Popović
Keyword(s):  
World Economy ◽  
Aggregate Demand ◽  
Careful Analysis ◽  
Developed Countries ◽  
Supply Side ◽  
Critical Survey ◽  
Technological Advancement ◽  
Secular Stagnation ◽  
Dual Economy ◽  
The Usa

AbstractAfter the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics in developed economies, the USA and the EU. Explanations of this phenomenon can be divided into two large groups: explanations that belong to the demand side and those that belong to the supply side. The aim of this paper is to give a critical survey of the most important explanations for the ongoing growth stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be explained by looking at both, the demand and supply sides of the explanation, and particularly by taking a closer look at the interaction between aggregate demand and aggregate supply. In other words, secular stagnation manifests itself as a problem of the limitation of long run growth of aggregate demand. However, in order to explain the causes of those demand limitations, we have to undertake a careful analysis of the supply side dynamics, especially the dynamics of innovations, which bring us to circular and cumulative causation. In order to explain the numerous consequences of this stagnation and to solve some important puzzles, like the productivity paradox for example, a special emphasis is given to the analysis of deindustrialization and the consequent strange reoccurrence of a dual economy within most developed countries during the period of the IT revolution and hyper-globalization. It will also be shown that this new dual economy presents serious limitations for further technological advancement and economic development, quite contrary to the old dualism which contributed to an acceleration of economic growth.

scholarly journals One method, two worlds

Groupwork ◽  
2014 ◽  
Vol 24 (2) ◽  
pp. 6
Author(s):  
Annie Pullen Sansfaçon ◽  
Valérie Roy ◽  
Dave Ward
Keyword(s):  
Social Work ◽  
Research Project ◽  
Organisational Context ◽  
Current State ◽  
Local Contexts ◽  
The World ◽  
The Usa ◽  
Definition Of

<p>Looking at practices in different locations is beneficial since it helps challenge assumptions that we may take for granted. Groupwork, as a method of social work, is specifically interesting to explore in the light of different contexts since, like social work, it may or may not translate well across cultures. This paper draws from data collected in the context of a research project that aimed to describe the current state of social work with groups in Quebec and to explore trends within social work with groups elsewhere in the world. Specifically, it focuses on the exploration of practices in Quebec and discusses them in relationship to those found in the USA, as a counterpoint. Our findings highlight some differences and similarities between Quebec and the USA with regard to groupwork, which leads us to discuss a range of factors that may impact on groupwork in the different contexts. Of these, the differences of organisational context and organisation of services have emerged as particularly noteworthy, which echoes findings in general social work literature with regard to the importance of local contexts on the definition of practice itself.</p>

scholarly journals European Direct Investment in Brazil, 1860 to the Present

2010 ◽  
Vol 3 (1) ◽  
Author(s):  
Sérgio de Oliveira Birchal ◽  
Âmara Fuccio de Fraga e Silva
Keyword(s):  
United States ◽  
20Th Century ◽  
Direct Investment ◽  
World Economy ◽  
The United States ◽  
Geographical Proximity ◽  
Japanese Firms ◽  
The World ◽  
The Usa ◽  
Western European

European direct investment in Brazil dates back to the discovery of the country and has been since then either hegemonic or more important than a superficial observation can grasp, as this work aims at showing. During the 20th century, the United States has replaced Britain as the worlds economic superpower and the largest direct investor. US dominance in the world economy and geographical proximity to Brazil would suggest that US investments were by far the largest in the country during that century. Furthermore, as Japan had become the second largest economy in the world in the 1980s, we would expect that this would be reflected in the data of the largest multinationals in Brazil. However, as our investigation suggests, Western European direct investment has been as large (and in many occasions even larger) as that of the USA and Japanese firms have never had a prominent presence among the largest firms in Brazil, at least until the late 1990s.

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