Multinational Business and National Economic Goals

1971 ◽  
Vol 25 (3) ◽  
pp. 693-705 ◽  
Author(s):  
Raymond Vernon
Keyword(s):  
World Economy ◽  
International Communication ◽  
Social Goals ◽  
Business Activity ◽  
The Past ◽  
National Economic ◽  
The World ◽  
Business Enterprises ◽  
National Boundaries ◽  
National Economies

This essay elaborates several basic propositions. First, the extraordinary changes in international communication and international transportation during the past 40 or 50 years have profoundly altered the horizons of business decisionmakers, giving enormous stimulus to the creation of multinational business enterprises. Second, in narrow economic terms the multinationalization of business activity has added to the efficiency of the world economy. Third, the advances in transportation and communication, reinforced by the existence of multinational business enterprises, have stimulated interaction between national economies and reduced the effectiveness of national controls, particularly in advanced countries. Finally, despite the increasing porosity of national boundaries these countries have been expanding and refining their national economic and social goals in ways that require more controls at national borders or more joint controls between cooperating states.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

A Long Stagnation, or Capitalism without Growth

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Great Recession ◽  
World Economy ◽  
Economic Stability ◽  
Secular Stagnation ◽  
The Great Recession ◽  
The Past ◽  
The World ◽  
History Of ◽  
Growth Prospects

Chapter 11 assesses the growth prospects of the world economy. The history of global economic doomsaying is traced briefly, a frequently reasonable position that has not done well with the facts for the past hundred years. Capitalism has been adept at escaping from the pit and pendulum. A set of global imbalances is then reviewed that are seen as posing a severe threat to global economic stability and certainly to the prospects for sustainable and equitable growth. The Great Recession following the Crash of 2007–8 might be “different this time.” Historical and contemporary fears of “secular stagnation” are discussed but the speculative nature of stagnationist assessments is acknowledged.

Financialization

2018 ◽  
pp. 276-290
Author(s):  
Ravi Roy ◽  
Thomas D. Willett
Keyword(s):  
Financial Markets ◽  
Financial Services ◽  
Capital Mobility ◽  
Global Financial Crisis ◽  
Economic Globalization ◽  
The Past ◽  
The World ◽  
The Global Financial Crisis ◽  
National Economies ◽  
Global Financial System

The size and scope of financial sectors throughout the world have grown exponentially in tandem with the rise of globalization and increased capital mobility. The terms “economic globalization” and “financialization” are often discussed as inextricably related phenomena. Although the rapid increase in the number and variety of financial services and products during the past four decades has helped spur economic growth and create wealth on an unprecedented scale, the devastating fallout from the global financial crisis of 2008–2009, and the economic turbulence that followed, demonstrates how poorly managed financial sectors can simultaneously cause enormous pain. This chapter argues that if the opportunities created by economic globalization and financialization are to be maximized, while at the same tempering volatile financial markets, then the global financial system (and the national economies connected with it) must be fundamentally restructured. A number of ways that should be taken under consideration are discussed.

Marrying out: Exploring Dimensions of Cross-National Marriages among Qataris

2020 ◽  
Author(s):  
Sanaa Taha Alharahsheh ◽  
◽  
Feras Al Meer ◽  
Ahmed Aref ◽  
Gilla Camden
Keyword(s):  
Social Transformation ◽  
Social Changes ◽  
Daily Lives ◽  
Marriage Patterns ◽  
The Past ◽  
The World ◽  
Petroleum Resources ◽  
National Boundaries ◽  
And Migration ◽  
Cross National

In an age of social transformation characterized by globalization, wireless communication, and ease of travel and migration, more and more people around the world are marrying across national boundaries. This has occurred worldwide with the Gulf Cooperation Council (GCC) as no exception to this trend. As with the rest of the GCC, Qatar has witnessed remarkable social changes because of the discovery of petroleum resources that have affected the daily lives of people within Qatar in myriad ways. This includes marriage patterns, whereby cross-national marriages (marriages with non-Qataris) have shown a marked increase during the past few years, reaching 21% of total Qatari marriages in 2015 compared with only 16.5% in 1985.

scholarly journals International Trade in Goods and Services: Aspects of Monetary and Financial Relations

2020 ◽  
Vol 19 (4) ◽  
pp. 40-49
Author(s):  
E.V. Potekhina ◽  
◽  
A.D. Efremova ◽  
Keyword(s):  
International Trade ◽  
Exchange Rate ◽  
World Economy ◽  
International Division ◽  
Goods And Services ◽  
Number Of Factors ◽  
The World ◽  
The Russian Federation ◽  
National Economies

the article examines such topical problems of the world economy as the peculiarities of interaction between the subjects of the world economy, international trade, international monetary and financial relations, the role of the exchange rate for national economies. The issues of the national economy of the Russian Federation and the degree of the country’s participation in the international division of labor and its openness are considered. In this paper, using the example of Russia, the export of goods and services is analyzed, its relationship with a number of factors (exchange rate and oil price), where the main tools are methods of statistical and econometric analysis.

The World Economy

2007 ◽  
Vol 200 ◽  
pp. 7-30 ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Housing Markets ◽  
Housing Investment ◽  
The Past ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Monetary Authorities ◽  
Rates Of Growth

The global economy expanded by 5.3 per cent in 2006, one of the fastest rates of growth in the past 35 years. We project further expansions of 5 per cent this year and 4¾ per cent in 2008. The key risks to the forecast that we highlight in this Review relate to global housing markets and the current stance of monetary policy. The US economy is restrained by the recent correction in its housing market, which is expected to continue to weigh on the economy through 2008. There is some concern that the housing investment downturn may spread to other economies, and in this report we explore the areas most at risk to such a contagion. We also consider the recent volatility in the oil price, which makes it difficult for monetary authorities to distinguish signal from noise. If too much emphasis is placed on what subsequently turns out to be noise, policy settings could turn out to be overly lax or stringent.

Globalization, Comparative Advantage, and Europe's Double Competitive Squeeze

2004 ◽  
Vol 4 (1) ◽  
pp. 1850011 ◽  
Author(s):  
Dominick Salvatore
Keyword(s):  
Labor Markets ◽  
Comparative Advantage ◽  
World Economy ◽  
International Competitiveness ◽  
High Technology ◽  
The United States ◽  
The Past ◽  
The World ◽  
Manufactured Goods ◽  
Office Equipment

The past decade has witnessed an increasingly rapid tendency toward globalization in the world economy, and this has significantly affected the comparative advantage and international competitiveness of nations. This paper examines the effect of globalization on the comparative advantage and international competitiveness of Europe in manufactured goods as a whole, in high technology goods, and in office equipment and telecommunications during the past two decades. In particular, the paper evaluates the view that Europe is facing a serious double competitiveness squeeze – in high-technology goods from the United States and Japan and from the bottom in simpler manufactured goods from emerging developing countries, especially the Dynamic Asian Economies. This view is based on the over-regulation and rigid labor markets prevailing in most European countries. The paper shows, however, that this view is not generally correct.

Visual Analysis on the Research of Oil Crop

2011 ◽  
Vol 343-344 ◽  
pp. 668-672
Author(s):  
Rong Ying Zhao ◽  
Rui Chen ◽  
Zhan Hai Dang ◽  
Zhao Dang ◽  
Gui Zhang
Keyword(s):  
Information Visualization ◽  
World Economy ◽  
Visual Analysis ◽  
Citation Network ◽  
Research Focus ◽  
Oil Crop ◽  
The Past ◽  
Oil Crops ◽  
The World ◽  
Important Position

Oil crops occupy an important position in the world economy in the past twenty-five years. The production of oil crops has increased twice and oil products are mainly used for food, fodder, mechanical, smelt, soap, paint, rubber, plastic, medical and other areas. Information visualization provides new ways for scientometrics and knowmetrics in recent years. This paper does the visual analysis of international oil crop. Based on analytic techniques such as co-citation analysis, co-appearance analysis and information visualization, this paper maps the co-citation network, hot words of most cited papers and front words of oil crop using the CiteSpace software. It identifies the content of high cited documents, analyzes the research focus of international oil crop.

Akkumulationszyklen und Hegemonie

2011 ◽  
Vol 55 (1-2) ◽  
Author(s):  
Christof Parnreiter
Keyword(s):  
World Economy ◽  
Critical Discussion ◽  
Commodity Chains ◽  
Unit Of Analysis ◽  
Global Commodity Chains ◽  
The Us ◽  
The World ◽  
Us Hegemony ◽  
National Economies ◽  
Primary Unit

Cycles of accumulation and hegemony. A critical discussion of Giovanni Arrighi’s arguments on the relocation of centre and periphery of the world economy. Based on data on GDP and on stock market capitalization, the paper takes issue with Giovanni Arrighi’s notion of the “terminal crisis” of the US hegemony and the related relocation of the center of the world economy to China. While some indicators support Arrighi’s argument (e.g. the shift of the accumulation dynamic from the material to the financial sphere), others don’t. My analysis in this paper does not yield unambiguous results. Moreover, I question Arrighi’s primary unit of analysis, national economies, maintaining that such a focus downplays the recent fundamental changes in the organization of the world economy. I propose a less state-centric approach to identify centres of the world economy, which is derived from an integration of the concepts of global commodity chains and global cities.

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