ANALYSIS OF MODERN PROCESSES OF WORLD ECONOMIC GLOBALIZATION

2019 ◽  
pp. 23-31
Author(s):  
Svitlana E. TKACHENKO
Keyword(s):  
World Economy ◽  
Economic Globalization ◽  
International Economy ◽  
Present Stage ◽  
Negative Effects ◽  
Economic Relations ◽  
Stage Of Development ◽  
The World ◽  
World Economic ◽  
The Impact

Introduction. The article highlights the problems and prospects of globalization of international economic relations, identifies the importance of globalization for the sectors of the world economy structure, determines the impact of globalization on different groups of countries, examines the state and actual tasks of the globalization process of the international economy in conditions of innovation and integration, to positive and negative effects. One of the main problems of globalization is the potential global instability due to the national economies interdependence of the countries at the global level. The purpose of this article is to investigate the impact form of economic globalization on the competitiveness factors modification; the globalization conditions justification of national and world economic relations. Results. The study of the problem and perspectives in the context of the globalization concept disclosure of the world economy made it possible to define this process as a transformational internationalization of the world economy into a global system of international scale on the principles of openness, universality and interdependence. The essential features that lead to the globalization development of the world economy are at the present stage: the formation of the world information space, scientific and technological progress; economic integration; a new system of labor international division; the implementation of universal liberal-democratic values. Conclusions. Given the uneven distribution of the globalization benefits, of course, the negative effects of globalization processes in a particular country will significantly depend of the place, that this country occupies in the world economy. In this regard, three groups of threats, dangers, and potential problems have been identified, that arise at the present stage of development of economic activity internationalization, depending on which countries they may reach. Keywords: globalization, integration, international economy, competition, world economy, economic development, national economy, socio-economic relations.

Impact of Global Economic Challenges on the Development of Future Markets

2019 ◽  
pp. 34-42
Author(s):  
Yu. G. Lavrikova ◽  
E. L. Andreeva ◽  
A. G. Tarasov ◽  
A. V. Ratner
Keyword(s):  
International Economic ◽  
World Economy ◽  
Economic Recession ◽  
Service Development ◽  
Economic Relations ◽  
Stage Of Development ◽  
Global Challenges ◽  
International Economic Relations ◽  
The World ◽  
The Impact

The topic of the study is relevant due to the fact that the world economy and international economic relations are influenced by global challenges. In this context, the formation of a new technological paradigm based on digitalization is an important trend.Aim. The presented study aims to determine the effects of global economic challenges on the development of future markets.Tasks. The authors determine the essence of global challenges at the current stage of development of the world economy and specific aspects of international economic relations; substantiate the emergence and nature of future markets and analyze the impact of global challenges on their development.Methods. The major modern global challenges are systematized with allowance for their current and potential impact on the development of future markets. The essence and nature of the current development of future markets are analyzed. This study uses the methods of comparative analysis and economic-statistical (including correlation) analysis to examine and compare the dynamics of the indicators of future markets and indicators of world economy development.Results. The analysis shows that future technology markets have their own features, such as customization of production, after-sales service, development of cross-sectoral ecosystems, etc. The identified global challenges include global economic recession, growth of trade barriers, and increased global competition, which can be both limiting and stimulating for future markets.Conclusions. On the global economic scale, future markets can be identified as a competitive path towards solving environmental, technological, socio-economic, and other global problems. The corresponding markets can ensure significant potential for economic growth.

Transnational Protest and The Public Sphere

2005 ◽  
Vol 10 (1) ◽  
pp. 95-109 ◽  
Author(s):  
Michelle Beyeler ◽  
Hanspeter Kriesi
Keyword(s):  
Public Sphere ◽  
Media Coverage ◽  
Public Support ◽  
Economic Globalization ◽  
The Public ◽  
The World ◽  
World Economic ◽  
The Public Sphere ◽  
The Impact ◽  
Selection Of

This article explores the impact of protests against economic globalization in the public sphere. The focus is on two periodical events targeted by transnational protests: the ministerial conferences of the World Trade Organization (WTO) and the annual meetings of the World Economic Forum (WEF). Based on a selection of seven quality newspapers published in different parts of the world, we trace media attention, support of the activists, as well as the broader public debate on economic globalization. We find that starting with Seattle, protest events received extensive media coverage. Media support of the street activists, especially in the case of the anti-WEF protests, is however rather low. Nevertheless, despite the low levels of support that street protesters received, many of their issues obtain wide public support.

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.

scholarly journals A comparative evaluation between the impact of previous outbreaks and COVID-19 on the tourism industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gulcin Ozbay ◽  
Mehmet Sariisik ◽  
Veli Ceylan ◽  
Muzaffer Çakmak
Keyword(s):  
Severe Acute Respiratory Syndrome ◽  
Comparative Evaluation ◽  
World Economy ◽  
Design Methodology ◽  
Tourism Industry ◽  
Negative Effects ◽  
Content Type ◽  
The World ◽  
The Impact ◽  
Death Cases

PurposeThe main purpose of this study is to make a comparative evaluation of the impacts of previous outbreaks and coronavirus disease 2019 (COVID-19) on the tourism industry. COVID-19 appears to have disrupted all memorizations about epidemics ever seen. Nobody has anticipated that the outbreak in late December will spread rapidly across the world, be fatal and turn the world economy upside down. Severe acute respiratory syndrome, Ebola, Middle East respiratory syndrome and others caused limited losses in a limited geography, thus similar behaviors were expected at first in COVID-19. But it was not so. Today, people continue to lose their lives and experience economic difficulties. One of the most important distressed industries is undoubtedly tourism.Design/methodology/approachThis study is a literature review. In this review, a comparative evaluation between the impact of previous outbreaks and COVID-19 on the tourism industry has been made based on statistics and previous research studies.FindingsThe information and figures obtained show that COVID-19 and previous outbreaks have such significant differences that cannot be compared. COVID-19 has been one of the worst to live in terms of spreading speed, the geography where it spreads, loss of lives and negative effects in the whole area.Originality/valueIt is noteworthy that COVID-19 is very severe in terms of death cases and also its impacts on the economy compared to other pandemics. It remains to be argued that COVID-19 can also be a reference in terms of possible new outbreaks in the future, and is an effective actor in determining future strategies.

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

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 MAIN DIRECTIONS OF IMPROVEMENT OF FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF KAZAKHSTAN

2021 ◽  
Vol 80 (1) ◽  
pp. 44-48
Author(s):  
K. Bleutaeva ◽  
◽  
D. Babash ◽  
D. Digay ◽  
M. Alekbaeva ◽  
...  
Keyword(s):  
Economic Activity ◽  
World Economy ◽  
National Development ◽  
Silk Road ◽  
Necessary Condition ◽  
Present Stage ◽  
The World ◽  
Economic Background ◽  
The Republic ◽  
The Impact

Inclusion in global economic processes has now become a necessary condition for ensuring national development for every country that strives for the efficiency and competitiveness of its economy. Isolation from global processes inevitably leads to lagging behind and pushing the country into the outsiders of the world economy. The article considers the economic background of historical and geographical description of the world; historical facts of the Great Silk Road; describes main problems of the formation and development of the Great Silk Road at the present stage; considers the directions of the Impact of the Great Silk Road on the economy of the participating countries; proposes main ways to eliminate the problems of the development of modern directions of the Great Silk Road.

scholarly journals Internationalization of the competition law

2002 ◽  
Vol 54 (3) ◽  
pp. 202-220
Author(s):  
Nina Scepanovic
Keyword(s):  
International Economic ◽  
Competition Law ◽  
World Market ◽  
International Level ◽  
Present Stage ◽  
Economic Relations ◽  
Bilateral Agreements ◽  
Stage Of Development ◽  
International Economic Relations ◽  
The World

In the present stage of development of international economic relations multilateral regulation of competition is becoming more and more important in order to, firstly, annul the effects of domestic rules of competition that are today considered the greatest non-tariff limitation, secondly avoid conflicts that can be caused by exterritorial implementation of national rules in this field, and, finally, define the rules of behavior in the world market. Although the first attempts to regulate this field were made pretty long ago and some activities were taken within UNCTAD, OECD and GATT, no comprehensive rules considering the issues they define and a group of countries that implement them have been adopted at the international level, so far. For the time being, numerous competition problems in relations among countries have been overcome by concluding a number of bilateral agreements and several regional arrangements.

scholarly journals PROBLEMS AND PROSPECTS FOR THE DEVELOPMENT OF MARITIME TRADE IN THE COVID-19 PANDEMIC

2021 ◽  
Vol 76 (3) ◽  
pp. 74-91
Author(s):  
Veronika Shcherbyna ◽  
Keyword(s):  
International Trade ◽  
World Market ◽  
Maritime Trade ◽  
Maritime Industry ◽  
Sea Transport ◽  
Economic Relations ◽  
The World ◽  
World Economic ◽  
Alternative Markets ◽  
The Impact

International trade is influenced by many factors: the development and deepening of the labor international division and the production internationalization; trade growth and economic integration with the common markets formation, free trade zones; international trade liberalization, reduction of the level of protectionism and trade barriers. The very first form of international trade was sea trade, since one of the oldest modes of transport is sea transport, which still retains its primacy in cargo transportation. Sea trade is a form of international economic relations, international trade in goods, the delivery of which is carried out using sea transport.The article examines the current state and trends in the maritime trade deve-lopment, identifies the main problems of the maritime industry and the risks that threaten the development of maritime trade in a pandemic, analyzes the prospects for the deve-lopment of trade with the participation of maritime transport in the world and in Ukraine.Trade tensions have triggered a restructuring of global maritime trade, as the search for alternative markets and suppliers has redirected flows from China to other markets, especially in Southeast Asia. UNCTAD experts note that the impact of COVID-19 on trade was most severe in the first half of 2020, when trade volumes fell by 15 %. But many countries never recovered by the end of the year. On the other hand, some states were able to successfully withstand new challenges and achieved an increase in their share in the world market, displacing from it the least competitive suppliers, which suffered as a result of reduced demand. The analysis showed that the structure of Ukraine's maritime trade was quite resistant to the emergence of coronavirus. And the significant share of agricultural products in production and exports is a confirmation of this fact. For the development of Ukraine's maritime trade and integration into the world economic system, it is necessary to develop and implement the capabilities of the national maritime economic complex, to protect the interests of Ukraine as a maritime power in the foreign policy and foreign economic spheres.Keywords: maritime trade, COVID-19 pandemic, export, import, maritime policy.

Deglobalization of the World Economy and its Effects on the Western Balkan Countries

2020 ◽  
Vol 58 (3) ◽  
pp. 343-362
Author(s):  
Nataša Stanojević
Keyword(s):  
Foreign Investment ◽  
Regression Models ◽  
World Economy ◽  
International Market ◽  
Economic Globalization ◽  
Inverse Relation ◽  
The World ◽  
Multiple Regression Models ◽  
World Economic ◽  
Key Aspects

Abstract This paper analyses trends in three key aspects of economic globalization: international trade, foreign investment and global product chains. The paper points to downward tendencies of the world economic integration in all three segments. The paper finds that causes of these trends are not cyclical, but structural, that is, the process of deglobalization of the international market and transformation of the very foundations of the international economic system is underway. The paper also includes an empirical analysis of the potential effects of these changes on six economies of the Western Balkan. The multiple regression models reveal very strong statistic connection between these economies and the world economy trends. There are direct relations with global foreign trade and production, but inverse relation with FDI share in the world economy. That indicates significant challenges such as declining income and job losses, but also certain opportunities to reduce trade deficits and increase domestic production.

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