Investigations on the Influence of the Global System of Instrumental Civilization on the Global Economy and the Mathematical Approach for Soft Systems Analysis and Evaluation

The global political economy is a multilevel system of economic activities and regulation in which the domestic level continues to predominate—in other words, it is a global system comprising national capitalist economies. Nations differ in terms of the regulations and institutions that govern economic activity, an observation that is embodied in the so-called “varieties of capitalism” (VoC) literature. Contemporary VoC approaches highlight the significance of social and political institutions in shaping national economies, in stark contrast to neoclassical economics which generally ignores institutions other than markets or sees them as hindrances to the functioning of free markets. Three analytical premises inform the diverse conceptual frameworks within the VoC literature: the firm-based approach, national business systems approach, and the governance or “social systems of production” approach. The VoC literature offers three important contributions to our understanding of the global political economy. The first is that different sources of competitive advantage for firms and nations are institutionally rooted and not easily changed. The second contribution is that these distinct national arrangements give rise to different interests/preferences in how the global economy is constructed and managed. Finally, the VoC approaches provide a framework for analyzing long-term institutional changes in capitalist systems and the persistence of diverse forms of capitalism, including the global financial crisis of 2008–2009 that may usher in yet another epochal change in the “battle of capitalisms.”

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An Analysis and Evaluation of Foreign Direct Investment in Kosovo

International Journal of Business Administration ◽

10.5430/ijba.v9n5p88 ◽

2018 ◽

Vol 9 (5) ◽

pp. 88 ◽

Cited By ~ 1

Author(s):

Joshua D. Jensen

Keyword(s):

Foreign Direct Investment ◽

Direct Investment ◽

Global Economy ◽

Balkan Peninsula ◽

Global Markets ◽

Political Environment ◽

Business Managers ◽

Global Business ◽

Analysis And Evaluation ◽

Investment Opportunities

As global markets continue to expand and competition continues to hasten, it is imperative that global business managers explore all potential investment opportunities. A country of potential foreign direct investment that may not be obvious to many global business managers is Kosovo. Kosovo is a small, sovereign nation located in a strategic area of the Balkan Peninsula, bordered by Albania, Macedonia, Montenegro, and Serbia. Kosovo serves as the gateway from the Balkan Peninsula to central and southern Europe. While securing its independence from Serbia in 2008, Kosovo has worked to attract foreign direct investment and be a contender in the global economy. This paper explores the cultural and social environment, the economic and political environment, and the business and market environment in Kosovo and provides an overview and evaluation of the foreign direct investment potential of Kosovo.

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Problems of Russian Oil Industry Integration in Global Energy Complex

Upravlenie ◽

10.12737/5635 ◽

2014 ◽

Vol 2 (3) ◽

pp. 38-45

Author(s):

Козеняшева ◽

Margarita Kozenyasheva ◽

Афанасьев ◽

Valentin Afanasev

Keyword(s):

Global Economy ◽

Oil Industry ◽

Pivotal Role ◽

Global Energy ◽

Global System ◽

Energy Complex ◽

Industry Integration ◽

Post Industrial

A study of problems and prospects related to Russian oil industry integration in the global energy complex, based on assessment of relationship and subordination of global system, structural economic and energy crises, that had occurred in the late XX century, played a pivotal role in the transition to the post-industrial era and led to cardinal changes in the global economy is considered in this paper.

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Soft Systems Analysis: Reflections and Update

Essential Guide to Qualitative Methods in Organizational Research ◽

10.4135/9781446280119.n27 ◽

2014 ◽

pp. 334-348 ◽

Cited By ~ 2

Author(s):

Susan Walsh ◽

Chris Clegg

Keyword(s):

Systems Analysis ◽

Soft Systems

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Introduction

India and the Patent Wars ◽

10.7591/cornell/9781501713460.003.0001 ◽

2017 ◽

Author(s):

Murphy Halliburton

Keyword(s):

World Trade ◽

Global Economy ◽

Medical Knowledge ◽

Ayurvedic Medicine ◽

Property Law ◽

Global System ◽

Commercial Exploitation ◽

Current State ◽

The World ◽

Pharmaceutical Production

The introduction opens with a discussion of the current state of intellectual property law which has been greatly expanded around the world at the behest of corporate interests and the World Trade Organization, imposing limitations on the sharing of medical, scientific and artistic creations. A brief discussion of India’s large pharmaceutical sector and multinational big pharma is presented followed by a depiction of the practice of ayurvedic medicine in India and concerns about biopiracy, or the commercial exploitation of indigenous medical knowledge. The introduction also offers a discussion of problems of resistance and the intelligibility of power in a complex global system such as the new patent regime and cautions against simplistic depictions of an all powerful “big pharma” in analyzing the global economy of pharmaceutical production.

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Dependency in the Modern Global Economy: Australia and the Changing Face of Asian Finance

Environment and Planning A Economy and Space ◽

10.1068/a260415 ◽

1994 ◽

Vol 26 (3) ◽

pp. 415-434 ◽

Cited By ~ 4

Author(s):

M T Daly ◽

R J Stimson

Keyword(s):

Capital Markets ◽

Global Economy ◽

Strong Dependence ◽

External Debt ◽

Financial System ◽

Structural Features ◽

Global System ◽

Domestic Capital ◽

Spatial And Temporal Changes ◽

Major Supplier

Theories which attempt to explain the structural features of spatial and temporal changes in the global system have generally underestimated the recent impacts of the international financial system. Japan and Australia are investigated because they illustrate opposite ends of the spectrum of experiences of these impacts. Beyond 1985 Japan became the world's major creditor nation, but in 1992 was facing a severe crisis in its domestic capital markets. Australia embraced the policy route of deregulating and opening its capital markets, only to be left with a massive external debt and a strong dependence of external capital. Japan became Australia's major supplier of capital, but the sectors and the locations into which this capital was directed created for Australia an extremely fragile dependence.

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