scholarly journals Transregionalism and fictive capital

2019 ◽  
Vol 135 ◽  
pp. 04033
Author(s):  
Daria Dinetc ◽  
Mikhail Konotopov
Keyword(s):  
Circulation Model ◽  
Global Finance ◽  
Financial Flows ◽  
Russian Economy ◽  
Transatlantic Trade ◽  
The World ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Trade And Investment ◽  
Practical Recommendations

A relevance of research is recent trend in regrouping forces in the global financial arena with transregional unions based on fictive capital’ expansion. The objective of this research is revisal of transregional integration conditions by the analysis of modern geopolitical aims of the world financial system’s leaders and also it is practical recommendations forming to prevent the Russian economy trapping by the fictive capital of transregional unions. It has been shown that the global finance circulation model is drastically changing - trade and economic unions like the Regional Comprehensive Economic Partnership or Transatlantic Trade and Investment Partnership are aimed at forming the markets for goods, works and services produced in countries, which have been proclaimed as the world financial centres. That politics doesn’t allow to develop industry and it arrive to financial bubbles at branches of economy, which are cooperated with transregional financial flows. For the leaders of transregional groups, it’s a way to solve geopolitical problems with financial methods shifting responsibility for their mistakes in industrial policy. There are significant features of the east and west leaders dominance in transregional unions in the article. These are respectively hub infrastructure dependence and currency speculations. The conclusion is it should be formed a secured non-speculative currency in transregional union for geopolitical dependence eliminate. Besides the only reason for infrastructure international project realize could be an economic efficiency. These conclusions are very important for the modern stage of the globalization.

Újabb megaregionális szabadkereskedelmi egyezmény: az Átfogó Regionális Gazdasági Partnerség (RCEP)

Külgazdaság ◽  
2021 ◽  
Vol 65 (3-4) ◽  
pp. 69-89
Author(s):  
György Csáki
Keyword(s):  
World Trade Organization ◽  
World Trade ◽  
Transatlantic Trade ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Trade And Investment

A tanulmány célja a közelmúltban aláírt Regionális Átfogó Gazdasági Partnerség- (Regional Comprehensive Economic Partnership – RCEP) egyezmény bemutatása és elemzése. A tágan értelmezett előzmények között röviden ismerteti a Transzatlanti Kereskedelmi és Befektetési Partnerség (Transatlantic Trade and Investment Partnership – TTIP), a Transz-csendes-óceáni Partnerség (Trans-Pacific Partnership – TPP) és az Átfogó és Előremutató Csendes-óceáni Partnerség (Comprehensive and Progressive Agreement for Trans-Pacific Partnership – CPTPP) létrejöttének körülményeit is. Ezek a törekvések elválaszthatatlanok attól a ténytől, hogy a Kereskedelmi Világszervezet (World Trade Organization – WTO) 1995. évi megalapítása óta képtelen volt bármilyen fontos sokoldalú megállapodás elérésére, a Vitarendezési Testület tagjainak elmaradt jelölése következtében immár teljesen működésképtelenné vált. Az RCEP (a CPTPP-vel együtt) Ázsia és a csendes-óceáni térség további felértékelődését, ugyanakkor az USA befolyásának gyengülését jelzi a régióban.

scholarly journals Regionalization of the world as the key to sustainable future

2020 ◽  
Vol 166 ◽  
pp. 13016 ◽  
Author(s):  
Svitlana Radziyevska ◽  
Ivan Us
Keyword(s):  
Regional Integration ◽  
Global Economy ◽  
Developed Economies ◽  
Eu Integration ◽  
Transatlantic Trade ◽  
Sustainable Future ◽  
The World ◽  
The Usa ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Globalization is viewed not only as the objective, but also as the subjective process, the current version of which requires adjustments since it is characterized by the increasing inequalities and instability, causing conflicts worldwide, pushing regional groups towards confrontations. Globalization is to be directed for achieving the equitable levels of development across the globe for which it is suggested to establish the situational governing board as the common platform for collaboration between the regional blocs for global economy regulation. The notions of the regional state and the global/planetary state are introduced. The interdependence between regionalization and globalization is thoroughly analysed, which results is the explanation of the logic behind the process of the multipolar world formation as opposed to the unipolar one. The main points are illustrated by the facts from the EU integration history, WTO practice, the calculated indicators of the major thirteen regional integration groupings covering Europe, Asia, North, South America, Africa, two transregional organizations Regional Comprehensive Economic Partnership, Transatlantic Trade and Investment Partnership, as well as the USA, Developed economies of Europe, China. The contribution to the study of regionalism as the boosting phenomenon shaping the development of the world allowed to conclude that regionalization is critical for the sustainable future of the world.

28. Global trade and global finance

2016 ◽  
Author(s):  
Matthew Watson
Keyword(s):  
Global Economy ◽  
The United States ◽  
Global Trade ◽  
The European Union ◽  
Global Finance ◽  
Occupy Movement ◽  
Transatlantic Trade ◽  
The World ◽  
Trade And Investment ◽  
Global Economic Governance

This chapter explores important issues in the conduct of global trade and global finance. It asks why the global economy is so good at allowing some people to own untold riches while many others have too little money to meet basic subsistence needs, and whether the world would be better or worse off without the institutions of global economic governance. After discussing the globalization of trade and finance, the chapter considers the regulation of global trade and global finance. Two case studies are presented, one dealing with comparative advantage theory in historical perspective and the other with the Occupy movement. There is also an Opposing Opinions box that addresses the question of whether the Transatlantic Trade and Investment Partnership between the United States and the European Union will provide enhanced opportunities for economic development around the world in a way that the World Trade Organization system now cannot.

scholarly journals Economic Implications of the Regional Comprehensive Economic Partnership for Asia and the Pacific

2021 ◽  
Author(s):  
Cyn-Young Park ◽  
Peter A. Petri ◽  
Michael G. Plummer
Keyword(s):  
Computable General Equilibrium ◽  
Computable General Equilibrium Model ◽  
Regional Trade ◽  
Economic Implications ◽  
The Pacific ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership ◽  
Factor Returns ◽  
Investment Patterns ◽  
Trade And Investment

The Regional Comprehensive Economic Partnership (RCEP) presents strong potential to mold regional trade and investment patterns well into the future and to influence the direction of global economic cooperation at a challenging time. This paper evaluates the RCEP’s impact on global and regional incomes, trade, economic structure, factor returns, and employment using a computable general equilibrium model. The results suggest that the RCEP agreement could generate sizable global income gains. Together with the Comprehensive and Progressive Agreement on Trans-Pacific Partnership, the RCEP will also strengthen the region’s manufacturing supply chains, raising productivity and increasing wages and employment.

scholarly journals Consequences appraisal on India’s opting out of the Regional Comprehensive Economic Partnership Agreement

2021 ◽  
pp. 129-134
Author(s):  
L. N. Talalova ◽  
Chu Thanh Hang ◽  
A. V. Morozova
Keyword(s):  
World Economy ◽  
The Political ◽  
Third Place ◽  
Opting Out ◽  
Economic Context ◽  
The World ◽  
Economic Partnership Agreement ◽  
Economic Partnership ◽  
Partnership Agreement ◽  
Regional Comprehensive Economic Partnership

The political and economic context for India based on the results of the Regional Comprehensive Economic Partnership Agreement (RCEP) signed in November 2020 is considered. The benefits of strengthening economic cooperation for the participating countries from its signing are characterized. The hypothetical advantages for India in the case of its entry into RCEP are analyzed. In connection with country’s opting out of RCEP the authors have highlighted three segments of reasons for studying (political, legal and economic) that caused such India’s decision. Among the political reasons for India’s opting out of RCEP the problem of the Indo-Chinese border conflict over disputed territory escalating is emphasized. Among the legal reasons that determined opting out of the treaty, the issues of investment policy and intellectual property outside the World Trade Organization frameworks are noted. The economic reasons offset the benefits of RCEP for India are investigated. The connection between all three segments of causes is demonstrated. The experts’ forecasts is evaluated for India’s entry into third place in the world economy in terms of the gross domestic product contribution and the prerequisites for this are studied. It is concluded about the possibility of achieving the goal if a number of conditions are met and a set of necessary measures is carried out.

Asia in 2019

Asian Survey ◽  
2020 ◽  
Vol 60 (1) ◽  
pp. 1-7
Author(s):  
Uk Heo
Keyword(s):  
Hong Kong ◽  
Policy Implications ◽  
The North ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Nuclear Issue ◽  
Trade War ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Among the major events that occurred in Asia in 2019 were four that received global attention: the Regional Comprehensive Economic Partnership (RCEP), the US-China trade war, the North Korean nuclear issue, and protests in Hong Kong. These events have significant policy implications for the world as well as for Asia.

scholarly journals Markets Matter: The Potential of Intra-Regional Trade in ASEAN and Its Implications for Asian Regionalism

2017 ◽  
Vol 16 (2) ◽  
pp. 1-19 ◽  
Author(s):  
Lurong Chen ◽  
Philippe De Lombaerde ◽  
Ludo Cuyvers
Keyword(s):  
Economic Integration ◽  
Regional Integration ◽  
Quantitative Assessment ◽  
Regional Trade ◽  
The World ◽  
Asian Regionalism ◽  
Economic Partnership ◽  
Asean Countries ◽  
Regional Comprehensive Economic Partnership

This paper attempts to shed new light on further deepening the economic integration process in Southeast Asia using a quantitative assessment of the potential for further developing intra-regional trade. It is evident that ASEAN's export space is expanding faster than the world average and that there is still room for ASEAN countries to further develop the role of their intra-regional trade. To improve its export potential, ASEAN should liberalize trade not only intra-regionally but also globally. It could be in ASEAN's interest to accelerate the pace of regional integration under frameworks that involve the participation of non-ASEAN countries, especially an ASEAN Framework for Regional Comprehensive Economic Partnership.

scholarly journals Motif dan Kepentingan China dalam Pembentukan Regional Comprehensive Economic Partnership (RCEP)

2022 ◽  
Vol 6 (1) ◽  
Author(s):  
Muhammad Ferdy Pratama ◽  
Palwa Ibnu Sosa ◽  
Tegar Yulianto
Keyword(s):  
Qualitative Method ◽  
Trade Agreement ◽  
The United States ◽  
Chinese Economy ◽  
Asian Countries ◽  
The World ◽  
China And Japan ◽  
Trade War ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

The establishment of the Regional Comprehensive Economic Partnership (RCEP) began because of the conflict between China and Japan. The establishment of RCEP is to create the largest trade agreement in the world because this cooperation unites regional countries with large economies. China as a country that has the largest economic level among RCEP member countries makes China control most of the market in the region. This RCEP helps China in dealing with the trade war between China and the United States, although it has not yet had a big impact. This paper uses a qualitative method and focuses on China's motives in determining the RCEP. The results of this study confirm that China's motive in determining the RCEP is to counter-balance with the TPP and China's good image to Southeast Asian countries. In addition, RCEP has a significant impact on the Chinese economy. 

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