The Impact of the International Economy on National Policies: An Analytical Overview

Author(s):  
Jeffry A. Frieden ◽  
Ronald Rogowski
1984 ◽  
Vol 16 (2) ◽  
pp. 63-72
Author(s):  
Roland K. Roberts ◽  
William J. Martin

AbstractInterest has grown in analyzing the impact of national imports of foreign beef on state agricultural sectors. In this study, an interfaced Hawaiian-national model is simulated for a change in national beef imports. Hawaiian and national impacts demonstrate wide variation in both sign and magnitude. Usefulness of state models is emphasized for situations where state impacts of national policies are of interest.


Author(s):  
Victor Adjarho Ovuakporaye

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.


2019 ◽  
Vol 2 (1) ◽  
pp. 1-11
Author(s):  
PURUWETI SIYAKTYA

Zimbabwe experienced price hyperinflation as internationally defined in the period March 2007 to January 2009. This paper addresses the issue of how this hyperinflation interacted with manufactur- ing sector performance. Interviews with a small anonymous sample of ‘survivor’ manufacturers suggest that rational decisions as responses to the internal/external structural events from 2000 induced a number of actions that tended to economize on the use of Zimbabwean dollars as the highly monetized manufacturing sector was especially exposed to monetary risks, but was also well connected with the international economy and using other currencies. Though damage to the manufacturing sector continued during the hyperinflation period it did not accelerate as might have been expected. Therefore, analytically, rational decision-making by private sector manufacturers prior to the hyperinflation may have helped protect some of them from its effects but also played a role as acause of the hyperinflation.


Author(s):  
Ihor Honak

Introduction. The active development of the international economy leads to the emergence of new financial instruments, which expands the capabilities of economic entities in carrying out efficient economic activities. However, cryptocurrency coins have become a relatively new, widely used financial instrument used by economic entities to increase the efficiency of payments and investments. The cryptocurrency market is growing rapidly and its capitalization is estimated at trillions of dollars. The main purpose of the article is to study the impact of cryptocurrencies on the international and national micro- and macroeconomics in the third decade of the XXI century. Methods. The theoretical and methodological basis of the article is the fundamental provisions of modern economics, the work of scientists. In the process of research, in particular, the following methods were used: analysis - to study the object and subject of research; abstract and logical (theoretical generalizations and formulation of conclusions on the impact of cryptocurrencies on national and international micro- and macroeconomics). Results. It has been established that cryptocurrency mining and trading has become an objective reality in the second decade of the XXI century, and at the beginning of the third decade already has a significant impact on the national and international economy, competing significantly with fiat money and, as far as possible, filling niches, filled fiat money. It has been proven that mining and trading of cryptocurrencies causes both positive and negative effects at both micro and macro levels, both in the international and national markets. It is noted that the circulation of cryptocurrencies is carried out mainly without legislative regulation (except for El Salvador, the United States and several other countries); however, self-regulation through the “invisible hand of the market” is quite effective. As long as there is no significant regulation of the cryptocurrency market, in our opinion, the cryptocurrency market will develop extremely actively, and its regulation by government agencies may hinder its development. Discussion. The obtained results can be used to expand knowledge about certain aspects of the impact of “mining” and circulation of cryptocurrencies on the activities of economic entities at the micro and macro levels. Keywords: mining, cryptocurrency, Monero cryptocurrency (XMR).


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