Unidroit Principles and the COVID-19 Economy

2022 ◽  
Author(s):  
Augusto Garcia Sanjur
Keyword(s):  
Global Economy ◽  
International Economy ◽  
Force Majeure ◽  
Common Problems

Abstract The international economy was drastically changed by COVID-19. As the pandemic is causing similar problems in different jurisdictions, uniformized solutions are required to have more certainty in a global economy. This is an opportunity for the uniform regulation of international contracts such as the Unidroit Principles. The provisions of the Unidroit Principles, such as force majeure and hardship, may provide parties, adjudicators, and legislators with uniform solutions to common problems caused by the pandemic.

Altruism Economy as a Higher Step of Social Synthesis

10.12737/4895 ◽  
2014 ◽  
Vol 3 (1) ◽  
pp. 69-78
Author(s):  
Свирчевский ◽  
Vadim Svirchevskiy
Keyword(s):  
Public Policy ◽  
Economic Development ◽  
Economic System ◽  
Alternative Model ◽  
Global Economy ◽  
Common Problems ◽  
National Economies

Deepening civilizational divide and growing intensity of confrontation among countries of different economic might, as well as aggravating pressure on environment call for choosing an alternative model of economic development. Altruistic economics is a model of global economy based on panhuman priorities. But to implement such a model, certain supranational social synthesis is needed, that is, unification of a number of nations in order to cope with common problems. Accompanying challenges are multi-faceted, while basically feasible. The paper discusses problems of choosing public policy priorities, related to public functions, in the context of globalizing economy. Realization of these priorities is essential for developing such an economic system, which is doctrinally capable not only to reconcile interests of different classes (strata) but also to harmonize development of various national economies.

scholarly journals The United States-China Trade War: Empirical Assessment

2020 ◽  
pp. 35-45
Author(s):  
Victor Adjarho Ovuakporaye
Keyword(s):  
United States ◽  
Global Economy ◽  
The United States ◽  
International Economy ◽  
Trade Relation ◽  
Empirical Assessment ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
The Impact

This paper aims to explore the US-China trade war by looking at various issues surrounding the US-China trade relation. The US-China trade war had been imminent since January 2018, meritoriously commenced on 6 July 2018, which is still ongoing. The US imposed sanctions on various Chinese goods, which was counter by the Chinese side also. Both side have felt the effect of the trade war though China felt the impact more than United States. Though, both nations have recently held positive trade talks which leads to the first phase of negotiation the trade war is still ongoing. If the partnership between the United states and China collapses, this will also end up harming the global economy severely since they are crucial cornerstones of the international economy.

scholarly journals Using Military Strategy to Teach Marketing Strategy: Preparing Students for the Global Economy

2020 ◽  
Author(s):  
Diane Phillips ◽  
Jason Phillips
Keyword(s):  
Marketing Strategy ◽  
Global Economy ◽  
Basic Skills ◽  
Military Strategy ◽  
International Economy ◽  
National Geographic ◽  
Strong Emphasis ◽  
Knowledge Deficit ◽  
National Boundaries ◽  
Time Frames

Young Americans have a distinct knowledge deficit regarding history, culture, and geography (Hess, 2008; National Geographic, 2006) that is so severe that they “lack even the most basic skills for navigating the international economy” (National Geographic 2006, p. 7). This manuscript provides an outline for a marketing strategy course that is designed to address these deficits. By applying concepts from military strategy to marketing strategy – with a strong emphasis on historical and geographical literacy – students achieve a deeper understanding of marketing strategy and a more flexible use of strategic principles across a variety of contexts, time frames, and national boundaries.

scholarly journals Position of the Lessee of Business Premises During the COVID-19 Epidemic Virus

2020 ◽  
Vol 10 (10) ◽  
Author(s):  
Jovana Pušac
Keyword(s):  
Global Economy ◽  
Complex Issue ◽  
Contractual Relationship ◽  
Contagious Disease ◽  
Force Majeure ◽  
Contractual Obligations

The author explores the complex issue of whether the epidemic virus Covide-19 has the character of force majeure (vis maior) in terms of fulfilling contractual obligations in general, and in particular the obligations of the Lease of Business Premises. Force majeure means a circumstances arising after the conclusion of the contract that the debtor could not prevent, eliminate or avoid, while in the case of the ruling coronavirus epidemic it is a contagious disease of global proportions with consequences for the global economy, for which official medicine is still did not find a cure. In a situation when the lessee of business premises is affected by these circumstances which, undoubtedly, cannot be attributed to him, and which he could not prevent, eliminate or avoid, it is important to explore and analyze legal solutions that, in the absence of contractual provisions, protect the endangered position the lessee and relax his disrupted contractual relationship with the lessor.

Assistance with Fewer Strings Attached

2003 ◽  
Vol 17 (1) ◽  
pp. 55-67 ◽  
Author(s):  
Vivien Collingwood
Keyword(s):  
International Organizations ◽  
Global Economy ◽  
Good Governance ◽  
Economic Reforms ◽  
Financial Assistance ◽  
Self Determination ◽  
International Economy ◽  
International Financial Institutions ◽  
Global Concern ◽  
Political Conditions

International organizations and bilateral donors often tie financial assistance to the undertaking of political and economic reforms–a practice known as conditionality. In recent years, the use of good governance conditionality has provoked controversy in the academic and policy worlds. So far, the issue of whether conditionality is effective in achieving compliance with good governance norms has occupied center stage in the debate. However, whether it is morally defensible to attach political conditions to financial assistance has largely been taken for granted.This article explores the extent to which it is morally defensible to attach good governance conditions to aid and loans in international society. It argues that the use of conditionality should be limited for two reasons. First, there is an unavoidable tension between conditionality and rights to self-determination. Second, focusing on conditionality can obscure the fact that the rules of the international economy are no less contestable than the governance of individual states, and, in turn, are in just as great a need of reform. This leads to two main conclusions. First, the use of conditionality should now be rooted in a conception of basic rights and complemented by more equitable rules in the global economy. Second, the attempt to make good governance within states an issue of global concern must be accompanied by greater democratization of the international financial institutions.

Functioning of enterprises in the global economy

2021 ◽  
Author(s):  
Sergey Kaledin ◽  
Marina Motorina
Keyword(s):  
International Trade ◽  
International Relations ◽  
Economic System ◽  
Global Economy ◽  
World Market ◽  
International Economy ◽  
The World ◽  
Modern Economic ◽  
National Economies

In the modern economic system, there is a continuous acceleration of the integration processes that lead to the formation of a unified global economic system. The international economy can no longer be described as a community of sufficiently independent and even largely self-sufficient national economies. Accordingly, the concept of internationalization can no longer be used to describe contemporary international relations, which traditionally presupposes, above all, the prevailing role of international trade, manifested in the mass entry of national companies into the world market. At present, the processes of unification and interdependence affect not so much trade as the universal interrelationships of the countries of the world. В современной экономической системе происходит непрерывное ускорение объединительных процессов, вызывающих формирование единой глобальной мирохозяйственной системы. Международная экономика уже не может быть охарактеризована как сообщество достаточно независимых и даже во многом самодостаточных национальных экономик. Соответственно, для описания современных международных отношений уже не может использоваться понятие интернационализации, традиционно предполагающее, прежде всего, превалирующую роль международной торговли, проявляющуюся в массовости выхода национальных компаний на мировой рынок. В настоящее время процессы объединения и установления взаимозависимостей затрагивают не столько торговые, сколько всеобщие взаимосвязи стран мира.

China–India

2014 ◽  
Keyword(s):  
Economic Development ◽  
21St Century ◽  
Global Economy ◽  
Developing Economies ◽  
World Politics ◽  
International Economy ◽  
Domestic Economy ◽  
China And India ◽  
Present Volume ◽  
Agrarian Societies

China and India, the world’s most populous countries, have rapidly developing economies that are shaping world politics in the 21st century. They are often compared in terms of lagged outcomes and contrasted trajectories. The present volume aims to examine more closely their commonalities as well as differences. In sections covering domestic economy, international economy, demography, migration and labour, and the environment, paired chapters examine each country. Probing behind the obvious contrasts, the essays disclose important ways in which the two countries are alike in facing the problems produced in large, formerly agrarian societies by rapid economic development and interaction with the global economy.

Sign in / Sign up

Export Citation Format

Share Document