India and China in the Indian Ocean: Changing Dimensions of Maritime Strategy

In Asian and global power politics a maritime strategic angle concentrates on the value of fortifying and controlling sea lines of communications (SLOCs) for stability, economic growth, and development of nations. Consequently, both India and China are snooping to control SLOCs and safeguard their emergent and escalating worldwide interests. The advancement in and expansion of naval power satisfies the corresponding nationalist aspirations of Beijing and New Delhi. As a result, the development of their maritime capabilities would have a greater impact on the naval security architecture in the Indian Ocean. The hike in Chinese engagements across the Indian Ocean widely known as the String of Pearl’s stratagem is principally stimulated by a policy of maritime encirclement of India. Struggle to secure tactical energy resources which are quickly revolutionizing their navies could induce clashes and have major repercussions for global security affairs. Harmonious handling of both China’s and India’s cooperation will be crucial for regional as well as international peace and opulence shortly and everyone looks upon a fabulous Asia reflected in the world. Thus, this paper analyses the underlying factors that motivate both countries to have ambitious objectives in the Indian Ocean and could find out that securing energy is one of the driving forces in securing maritime dominance across the Indian Ocean.

The Investments Efficiency Toward Economic Growth: ICOR of the Republic of Croatia and Slovenia - Comparative Analysis

Most developing and developed countries, today are faced with a lot of economic, social, and political challenges as a result of internal or external factors such as the World Financial Crisis and Covid19. In these circumstances, the crucial objective of any government is to improve the national economic performance by increasing domestics and foreign investments. Investments efficiency is the main pillar in the increase of the economic growth of any economy. This paper aims to measure the efficiency of the investments towards economic growth in the Republic of Croatia and Slovenia by applying a comparative analysis. The specific objective of our paper is to determine the best ICOR level, the correlation between ICOR and GDP, and the impact on the economic growth of both countries. The research methodology will include the analysis of the efficiency of the investment measured by the indicators Incremental Capital-Output Ratio (ICOR) based on the World Bank approach. The period of observation includes the period from the year 1995 to 2020. The investment efficiency (ICOR) in both countries is expected to move between 1 and 6. The findings of this research are that each one-point decrease of the ICOR level of Croatia increases the economic growth by 1.961 percent, while the ICOR level of Slovenia increases less the Economic growth by 0.259 percent.

Economic Growth, Economic Development, and Poverty: A Bibliometric Analysis

: The pertinacious problem of poverty in the world questions whether the existing mechanisms are effective in the poverty reduction process. Exploring this field has intensified since 1989, and this research provides an overview of the theoretical and empirical research that addresses economic development and poverty. Bibliometric analysis is performed, which includes names of the most common authors, journals, and countries of publications, as well as the frequency of words and expressions in the existing literature. Bibliometric units are researched from the Scopus database using keywords "economic development", "economic growth" and "poverty". The main contribution of this analysis is the review of existing literature addressing the key issues and identifying theoretical and empirical research in the field of economic development and poverty. This is the first study of its kind where scientific attention is being paid to economic growth, economic development, and poverty by the most influential journals and most prominent authors in economics.

Causes and Consequences of the World Financial Crisis 2008: A Historical Perspective

This paper situates the 2008 Global Financial Crisis into the wider historical context to argue that the roots of the crisis can be traced back to the dominant economic ideology in the West during the 1970s. It shows that the corresponding financial policies, implemented by the powerful western economies during the four decades that preceded the crisis, created an institutional framework that fostered financial irresponsibility and made the crisis all but inevitable. The paper also explores the ideas that led to the stabilization of the global market as well as the role of China in charting the way ahead. Ultimately, the discussion highlights the inherent tendency of neoliberal economic ideology to create market instabilities whose consequences for the global economy can be devastating.