scholarly journals Discuss and Analyze the Role and Impact of Industrial Policy on Economic Development and especially in Developing Countries

2021 ◽  
Vol 1 (137) ◽  
pp. 81-94
Author(s):  
Maryam Saleh shafeek
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Industrial Policy ◽  
Global Economy ◽  
The United States ◽  
Negative Consequences ◽  
Negative Effects ◽  
Industrial Base ◽  
Push Forward

Different countries, especially developing ones, have resorted since the middle of the last century to using industrial policy in order to expand the industrial base and push forward the economic development wheel. Tangible results have been achieved in many Asian countries, while no such results have been achieved in the countries of Latin America and Africa. Support has been dropped for the application of industrial policy since the mid-eighties of the last century because of the negative consequences resulting from it and then return again in the recent period. The research aims to analyze and discuss industrial policy and the extent of the need to use it in developing countries, it focuses on discussing the ideas and propositions of the two different approaches towards industrial policy. The first represents the position of those opposed to the industrial policy, and the second represents the position of those who support it. Those opposed to the industrial policy are the neoliberals in the United States of America who stress the role of the market in achieving development and point to the negative effects of industrial policy, while in favor of industrial policy book theoreticians Many economists because of the existence of globalization and the WTO rules and the changing nature of the global economy and that creates difficulties and impediments to developing countries and weaken the influence of industrial policy. Through analysis and discussion of the various propositions and evidence, the research ends with recommending the use of a carefully formulated industrial policy as a means to achieve economic development in developing countries and overcome the negative effects on them. With the call to adjust the policies and rules of the World Trade Organization and the global economic system in line with the need of developing countries for the development of industrialization and promoting economic development.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

scholarly journals The Economic Determinants of Post-Soviet Belarus: The Role of FDI in Economic Development

2019 ◽  
Vol 11 (2) ◽  
pp. 56
Author(s):  
Hong Zhong Fan ◽  
Tatsiana Dziavochka ◽  
Mathious Willie ◽  
Mirza Nouman Ali
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Significant Part ◽  
Negative Effects ◽  
Ols Regression ◽  
Economic Determinants ◽  
Main Emphasis ◽  
Vast Literature ◽  
Testing Approach

Adding to the vast literature readings, this study investigates the role of major determinants of economic development in Belarus from the period of 1992-2017. We employed the simple OLS regression and ARDL Bound testing approach to determine the economic indicators of Belarus. Our findings exhibit that imports and exports have been remained as major determinant whereas, FDI has not been a significant part since last three decades. Belonging to the pool of developing world, FDI has not been a determinant in Belarus while its main emphasis is on exports and imports. This study also implicates the Belarus’ initiative with other developing countries to increase FDI and reduce State-owned Influence. While ensuring the differences with other economies, government must attract the economically suitable FDI avoiding any possible negative effects of FDI on GDP.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

Unemployment Normalization: Its Effect on Mental Health During Various Stages of Unemployment

2018 ◽  
Vol 122 (5) ◽  
pp. 1600-1617 ◽  
Author(s):  
Steve Thill ◽  
Claude Houssemand ◽  
Anne Pignault
Keyword(s):  
Mental Health ◽  
General Health ◽  
Job Loss ◽  
First Year ◽  
Negative Consequences ◽  
Positive Perception ◽  
Negative Effects ◽  
Coping Process ◽  
Normalization Process

The negative effects of job loss on mental health have been thoroughly described in the literature. However, different fluctuations in mental health during the unemployment period have been noticed. We argue that a coping process takes place in this kind of situation. Therefore, in this study, we investigated the effect of the unemployment normalization process on mental health during various stages of unemployment. Participants ( N = 803) completed the General Health Questionaire-12 and the Unemployment Normalization Questionnaire. Results showed that a negative perception of unemployment had the greatest impact on mental health during the different phases of unemployment. Nevertheless, during the first year, having a positive perception counteracted these negative effects, and after 1 year, the unemployment norm took over the role of buffering against the negative effects on mental health. These results indicate that unemployment is still perceived as negative, but depending on the stage of unemployment, various coping strategies are used to buffer the negative consequences of unemployment.

scholarly journals Proportions of social capital allocation in the society as a key to defining the vector of its effect on social welfare

2013 ◽  
Vol 2013 (2) ◽  
pp. 153-162
Author(s):  
Ganna Gerasymenko
Keyword(s):  
Social Capital ◽  
Economic Development ◽  
Social Welfare ◽  
Capital Allocation ◽  
Economic Effects ◽  
Negative Effects ◽  
The Way

The article investigates different approaches to social capital defining as well as to the role of social capital in the economy. The author has found out that social capital can bring forth the range of positive social and economic effects,stimulating the economic development of the country. It also can bring force some negative effects, keeping a check on economic development and proliferating social disproportions. It has been elicited that the way of social capital impact on social welfare is a function of the equitability of its allocation in the society.

The Role of Media in Perpetuating or Obstructing Gender Equality in the Context of Developing World

2018 ◽  
pp. 723-733
Author(s):  
Prabartana Das
Keyword(s):  
Developing Countries ◽  
Gender Equality ◽  
Gender Bias ◽  
Developing World ◽  
Negative Effects ◽  
Gender Biases ◽  
The Media ◽  
Developed World

Media engineers subtle ways in which gender bias can persist in society and ensures the perpetuation of women subjugation in the society. In this chapter I want to excavate the various factors which contributes to the augmentation of gender biases by the media and how the media in developing countries strengthens the cause patriarchy masquerading in the façade of preserving traditions and customs? I also intend to unravel how perennial problems like illiteracy and abject poverty further dents the project of women empowerment and how deeply entrenched patriarchal values manipulate the media to withhold emancipation in true sense. How women even after being qualified suffers from several negative effects undermining her own status? It will also be interesting to delve into the ways in which gendered media is far more subversive and ubiquitous in the developing world than developed world. And lastly how the gender bias in media can be curbed in the light of social and political awakening in women in particular and the development of human ingenuity and consciousness in general.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

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