scholarly journals Heuristic assessment of choices for risk network control

2021 ◽  
Vol 11 (1) ◽  
Author(s):  
Christopher Brissette ◽  
Xiang Niu ◽  
Chunheng Jiang ◽  
Jianxi Gao ◽  
Gyorgy Korniss ◽  
...  
Keyword(s):  
Global Economy ◽  
Network Control ◽  
Data Driven ◽  
World Economic Forum ◽  
Economic Costs ◽  
Multiple Sources ◽  
Network Interaction ◽  
Activation Data ◽  
World Economic ◽  
The Cost

AbstractData-driven risk networks describe many complex system dynamics arising in fields such as epidemiology and ecology. They lack explicit dynamics and have multiple sources of cost, both of which are beyond the current scope of traditional control theory. We construct the global economy risk network by combining the consensus of experts from the World Economic Forum with risk activation data to define its topology and interactions. Many of these risks, including extreme weather and drastic inflation, pose significant economic costs when active. We introduce a method for converting network interaction data into continuous dynamics to which we apply optimal control. We contribute the first method for constructing and controlling risk network dynamics based on empirically collected data. We simulate applying this method to control the spread of COVID-19 and show that the choice of risks through which the network is controlled has significant influence on both the cost of control and the total cost of keeping network stable. We additionally describe a heuristic for choosing the risks trough which the network is controlled, given a general risk network.

GLOBAL TRENDS AND CHALLENGES WORLD ECONOMY

2021 ◽  
Vol 3 (9) ◽  
pp. 112-117
Author(s):  
L. V. AGARKOVA ◽  
◽  
T. G. GURNOVICH ◽  
M. G. RUSETSKY ◽  
I. M. PODKOLZINA ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
International Community ◽  
World Economic Forum ◽  
Global Trends ◽  
The World ◽  
World Economic ◽  
Financial Consequences ◽  
Definition Of ◽  
Statistical Indicators

This article examines the main global threats of 2021 presented at the World Economic Forum, namely, the economic risks that are most likely to affect the international community in the current year. The article also analyzed the financial consequences of the COVID-19 pandemic, which undoubtedly made ad-justments to the definition of the main global threats of our time. In addition, the risks were considered in relation to the current statistical indicators of the Russian and global economy.

scholarly journals SIAPKAH INDONESIA MENGHADAPI MEA?

2017 ◽  
Vol 8 (2) ◽  
pp. 81-90
Author(s):  
Christianus Yudi Prasetyo
Keyword(s):  
Global Economy ◽  
Statistical Data ◽  
Literature Survey ◽  
World Economic Forum ◽  
Economic Community ◽  
Fully Integrated ◽  
World Economic ◽  
Single Production ◽  
Asean Countries ◽  
Asean Economic Community

Countries that are members of the Association of South East Asian Nations (ASEAN) are facing an era where ASEAN turn into market and single production base, a highly competitive regional economic, equitable economic development, and a region fully integrated into global economy. That era is known as the ASEAN Economic Community (AEC), which take effect on January 2016. This literature survey was conducted to determine the position of Indonesia compared to other ASEAN countries based on existing statistical data so as to determine the readiness of Indonesia to face the AEC. Comparison is made on 6 ASEAN countries with the highest economic growth, namely: Singapore, Malaysia, Indonesia, Thailand, Philippines, and Brunei. It is important to know because many people are still not aware this intense competition in the era of AEC. Based on World Economic Forum, Indonesia is in 4th position after Singapore, Malaysia and Thailand in terms of competitiveness.

scholarly journals Foreword

10.26458/1731 ◽  
2017 ◽  
Vol 17 (3) ◽  
pp. 11-16
Author(s):  
Elena Gurgu
Keyword(s):  
At Risk ◽  
Great Depression ◽  
Global Economy ◽  
League Table ◽  
World Economic Forum ◽  
10Th Anniversary ◽  
The Great Depression ◽  
The World ◽  
World Economic ◽  
Sustained Recovery

            The 10th anniversary of the worst downturn since the Great Depression finds the global economy at risk of a fresh crisis and ill-prepared for the disruption likely from the robot age, the World Economic Forum has warned.The body that organises the annual gathering of the global elite in Davos each January used its annual league table of competitiveness to stress that the failure to push through growth and productivity-friendly policies since the crash of 2007-08 had jeopardised chances of a sustained recovery.....

Der „Great Reset“ – Über die Gefahr einer Dystopie

2021 ◽  
Vol 7 (4) ◽  
pp. 425-425
Author(s):  
Manuel M. Güntert
Keyword(s):  
Global Economy ◽  
World Economic Forum ◽  
The World ◽  
World Economic

The „Great Reset“ is an initiative of the World Economic Forum WEF which „resets“ in that it seeks to reshape the global economy and society. The associated set of measures portrays an uncertain, risky, unsustainable and barely inclusive world. Indeed, it seems questionable whether and to what extent there is a right to impose this perspective on the world’s population; moreover, the proposed measures themselves are prone to bringing forth constant uncertainties.

Fake Goods, Real Money

2018 ◽  
Author(s):  
Georgios A. Antonopoulos ◽  
Alexandra Hall ◽  
Joanna Large ◽  
Anqi Shen ◽  
Michael Crang ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economic Forum ◽  
Counterfeit Goods ◽  
Global Commerce ◽  
Lack Of Information ◽  
The World ◽  
World Economic ◽  
The Uk ◽  
Eu Studies ◽  
The Eu

The trade in counterfeit goods is growing. Recent EU studies on Fast Moving Consumer Goods indicate that 6.5% of all sports(wear) goods, 7.8% of cosmetics and 12.7% of luggage/handbags sold in the EU are in some way counterfeit. The WTO has an oft-repeated estimate of 7% of all global commerce as counterfeit. The World Economic Forum goes further, suggesting that counterfeiting and piracy cost the global economy an estimated $1.77 trillion in 2015, which is nearly 10% of the global trade in merchandise. Much work and popular scrutiny has examined flows of counterfeit goods. However, there remains a general lack of information on the financing of the counterfeit trade. Drawing upon cross-disciplinary research, the book offers a unique account into the financing of the trade in counterfeit goods. Focusing on tangible goods, it addresses the ways in which capital is secured to allow counterfeiting businesses to be initiated and sustained, how entrepreneurs and customers settle payments, the costs of conducting business in the counterfeiting trade, and how profits from the business are spent and invested. The book covers the UK context, whilst also considering the distinctly transnational nature of the trade.

scholarly journals PROVISION OF GEOGRAPHY COMPETENCE AIMED TO ATTAIN THE GOALS OF SUSTAINABLE DEVELOPMENT

ASJ. ◽  
2020 ◽  
Vol 1 (41) ◽  
pp. 30-36
Author(s):  
V. Kurbatov
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Big Data Analytics ◽  
Project Planning ◽  
Ecological Crisis ◽  
Educational Systems ◽  
World Economic Forum ◽  
Process Of Change ◽  
World Economic ◽  
Key Competencies

A lack of efficiency of the measures, aimed at prevention of the ecological crisis, is related by the analysts to the difficulty in coordination of actions between the subjects of the global economy, as well as to the growing uncertainty, resulting from the high labor intensity in big data analytics and the ‘vagueness’ in perception of basic terms of sustainable development. The acceleration of the process of change of living conditions leads to increased velocity of obsolescence of professions, that makes it difficult to predict, which ‘new professions’ will be listed as marketable in the intellectual economy of the future, along with the key competencies, required to overcome the progressive economic crisis and prevent the irreversible losses, caused by deepening ecological crisis. Accordingly, the educational initiative of the World Economic Forum in Davos 2020, aimed to provide for preparation of one billion of specialists, qualified for ‘new professions’, and creating employment opportunities for them, requires the use of innovative approaches in designing educational systems. In particular, the use of the system-synergy synthesis of reality, developed in the USSR in the 80s of the last century, has proved the efficiency of using the value-sense project planning for solving such problems. The article is dedicated to the analysis of causes of the growing uncertainty and to the solution of the problem, based on the system of the value-sense education, forming the level of geography competence required for attaining the goals of sustainable development set by UN.

scholarly journals Implications of the COVID-19 Crisis on the Creation of Innovations – Assessment Attempt

2021 ◽  
Vol 66 (4) ◽  
pp. 483-495
Author(s):  
Anna Protasiewicz
Keyword(s):  
Global Economy ◽  
Economic Downturn ◽  
World Economic Forum ◽  
Research Results ◽  
The World ◽  
The Usa ◽  
World Economic ◽  
The Creation ◽  
The Impact

Abstract The aim of the article is an attempt to analyze the impact of the pandemic crisis (caused by the COVID-19 coronavirus) on innovations created by economic entities. The ongoing economic downturn has reasons different from previous economic peturbations, and has much more extensive effects across the entire global economy. Hence the need to analyze not individual economies as trends (megatrends) in the emergence of innovations initiated or significantly accelerated by the pandemic crisis. The analysis was made on the basis of reports from institutions such as the World Economic Forum, OECD or ESPAS, as well as preliminary studies conducted in some countries (eg the USA). It should be emphasized that due to the ongoing perturbations and the pandemic not ending, precise research results will be possible to obtain in later years.

scholarly journals International experience of state support and encouragement of digital economy processes

2018 ◽  
Vol 44 ◽  
pp. 00070 ◽  
Author(s):  
Elena Pesotskaya ◽  
Ivan Petrov
Keyword(s):  
Information And Communication Technologies ◽  
Global Economy ◽  
High Speed ◽  
Communication Technologies ◽  
Business And Society ◽  
World Economic Forum ◽  
Competitive Strength ◽  
Information And Communication ◽  
World Economic ◽  
Production Areas

The World Economic Forum estimates that digital transformations have a huge potential for developing business and society within the next decade and the global economy can earn over 30 trln $ additionally for a period up to 2025 [1]. A significant portion of the advantages will be given to the countries, which will deeply and comprehensively implement information and communication technologies to allow the state, society and business to interact. A high speed of data transmission and exchange of information allows innovations to diffuse both at the intra-industry and cross-industry levels, which promotes competitive strength of companies, countries and world’s regions by increasing labor efficiency. In this article we have considered the programs being implemented in developed and developing countries to promote conditions for digital transformation of society and industry, boost industrial cooperation in the research and development, innovative and production areas, develop industrial and innovative infrastructure facilities, upgrade existing production facilities and create new innovative sectors of economy.

scholarly journals CLUSTER FUNDAMENTALS FOR THE DEVELOPMENT OF INTEGRATED BUSINESS STRUCTURES

Management ◽  
2019 ◽  
Vol 29 (1) ◽  
pp. 97-108
Author(s):  
Pavlo M. Dudko
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Cluster Approach ◽  
The World ◽  
Before And After ◽  
World Economic ◽  
Business Structures ◽  
Business Entities ◽  
The Cost ◽  
Integrated Structures

Introduction. Nowadays, both in the world economy in a whole and in the economies of the leading countries a major role play not individual entities, but their integrated structures. Thus, over the last 5 years, sales of the 2000 largest integrated business entities from 51 countries in the world have almost doubled, accounting more than 50% of the global gross domestic product. Taking into account the mentioned above, we can say that the problem of defining cluster foundations for the development of integrated business structures is urgent.Hypothesis of scientific research. All existing organizational forms of integrated structures vary greatly in nature, principles, goals of association, features of the organization, degree of integration of participants, the breadth of coverage of the spheres of production and economic activity, but the use of cluster principles of their organization allows to achieve a synergistic effect of development at a new level.Aim of this research is a study of the above problems within the global economy and across Ukraine.Methods of investigation: in the basis of the analysis procedures lies the modeling of financial and production activities of the group of companies before and after the consolidation on the basis of the cost-output model adapted to the characteristics of consolidated accounting in industrial companies.Results. A new cluster approach to the development of integrated business structures is proposed on the basis of the author's study of world economic practice.Conclusions: The formed matrix of estimation of degree of integration of participants of forms of separate subjects’ unification allows to choose one or another form of business integration depending on the goals which are set for them and the ways of achievement of these goals (for example, retaining or losing their legal, industrial and economic and financial independence).

Measuring Corruption: A Critique of Indicators in Eastern Europe and Central Asia

2007 ◽  
Vol 27 (3) ◽  
pp. 255-291 ◽  
Author(s):  
STEPHEN KNACK
Keyword(s):  
Eastern Europe ◽  
Central Asia ◽  
World Economic Forum ◽  
Multiple Sources ◽  
Transparency International ◽  
Rating Agencies ◽  
The World Bank ◽  
State Capture ◽  
World Economic ◽  
Cross Country

ABSTRACTConcern about corruption has stimulated the creation of a multiplicity of indicators by a multiplicity of methods by the World Bank, World Economic Forum, Transparency International and commercial rating agencies. However, the construction of indices varies, raising substantive and methodological issues, which are reviewed with particular reference to post-Communist transition societies in Eastern Europe and Central Asia. This paper systematically examines indicators, starting with the definitional distinction between measures of administrative corruption as distinct from state capture. It pays particular attention to problems arising from the aggregation of indicators from multiple sources, and the extent to which the changing composition of cross-country indicators limits trend analysis. It concludes that many of the problems of aggregation may be avoided by using single source and single dimension indexes.

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