scholarly journals Russia in Economic Globalization

2020 ◽  
Vol 208 ◽  
pp. 03039
Author(s):  
Valery Smirnov ◽  
Vladislav Semenov ◽  
Anna Zakharova ◽  
Anzhelika Abramova ◽  
Elena Perfilova
Keyword(s):  
Developing Countries ◽  
World Economy ◽  
Dominant Role ◽  
World Order ◽  
Economic Globalization ◽  
Developed Countries ◽  
Modern World ◽  
Economic Relations ◽  
Economy Globalization

The article analyzes the current state of the Russian economy in the context of globalization. The research reveals the dominant role of capitalist countries in the process of globalization. The role of developing countries is related to ensuring a balanced world economy. Globalization causes changes in world economic relations. Russia has taken an active position not only among developing but also developed countries. The article reveals that in the context of the US trade war with China and increased protectionism, developing countries have assumed the risks of losing capital and falling into a deeper and longer recession. Russia’s position in economic globalization is linked to the place of BRICS in modern world order. Modern world order requires Russia to initiate the creation of new geopolitical communities, in addition to BRICS. To maintain Russia’s stable position in the world economy, modern objective reality requires not only its participation in various geopolitical communities,but also their initiation.

Position of Russia in economic globalization

2020 ◽  
Vol 19 (9) ◽  
pp. 1646-1670
Author(s):  
V.V. Smirnov
Keyword(s):  
Systems Approach ◽  
World Order ◽  
Economic Globalization ◽  
Developed Countries ◽  
Economic Relations ◽  
Stable Position ◽  
Managerial Decisions ◽  
The Us ◽  
World Economic

Subject. The article considers the position of Russia in economic globalization. Objectives. I focus on determining the position of Russia in economic globalization. Methods. The study rests on the systems approach, using the methods of statistical, cluster, and neural network analysis. Results. A slowdown in globalization has caused changes in the existing world economic relations. Russia has taken an active position among developed countries, amid a decline in the role of Chinese exports in the world. I revealed that in the context of the US trade war with China and the strengthening of protectionism, developing countries assumed the risks of loss of capital and recession. The position of Russia in economic globalization is connected with the place of BRICS in the new world order. The new conditions of globalization made it necessary for Russia to initiate the creation of new geopolitical communities, in addition to BRICS, which should include Denmark, Singapore and Slovenia. The findings form new competencies of State authorities for making managerial decisions to maintain a stable position and image of Russia in the process of economic globalization. Conclusions. To maintain a stable position and image of Russia in the context of economic globalization, the modern objective reality requires both Russia’s participation in and initiation of various geopolitical communities. The said participation will ensure that Russia’s certain position and image is maintained in the economic globalization.

scholarly journals Concepts of South-South Economic Cooperation

2019 ◽  
Vol 12 (3) ◽  
pp. 30-46
Author(s):  
A. V. Kuznetsov
Keyword(s):  
Developing Countries ◽  
World Order ◽  
Developed Countries ◽  
Global South ◽  
Economic Cooperation ◽  
The South ◽  
Economic Relations ◽  
Contemporary World ◽  
Global North ◽  
Economic Ties

The paper traces the evolution of conceptual approaches to South-South economic cooperation. It is shown that with the collapse of the bipolar system and the rise of globalization the interest in South-South cooperation have risen again, and compared to the 1950–1970-ies focuses more on economic relations of developing countries. At the same time, the article shows that the deepening differentiation of the countries of the global South allows us to consider the South-South dialogue as ambiguous process. According to the author, this is a set of relations of very different level of interaction between developing countries, which are part of a more fundamental process of transformation of the existing “Westcentric” world order. The paper identifies four such levels, characterized by very different opportunities for participating in economic ties between developing countries: relations of major countries of the South with each other (especially in BRICS and IBSA groups); the interaction of the largest countries with other developing countries (most known for the cooperation in the framework of “One belt, one road” Chinese initiative); intensive contacts of countries of the global South due to the objectively existing neighborhood effect (the most famous integration groupings are ASEAN in Southeast Asia and MERCOSUR in Latin America); and cross-border ties of small developing countries geographically distant from each other. The paper concludes that South-South cooperation cannot be a full-fledged alternative to other global economic ties. Indeed, countries of the global North dominate in many areas and more often still offer mutually beneficial cooperation to developing countries, so that isolation from the global North is akin to autarky. South-South cooperation should be viewed primarily as a way to develop additional forms of interaction different from that dominant in the contemporary world, prescribed mainly taking into account the views of several leading economic powers. Thus, it is correct to speak of South- non-West cooperation, referring to rather developed countries that are not able to build relations with the US and key EU countries (e.g. Russia). 

scholarly journals On the Reasons of Chinas Stable Economic Development in the XX - XXI Centuries

2021 ◽  
Vol 5 (4) ◽  
pp. 223-231
Author(s):  
Maria Balashova ◽  
Anastasiia Trufanova ◽  
Matvey Troshkin
Keyword(s):  
Global Economy ◽  
World Order ◽  
Developed Countries ◽  
Modern World ◽  
Macroeconomic Policies ◽  
Economic Relations ◽  
Progressive Development ◽  
Flexible System ◽  
Catching Up ◽  
Internal And External Factors

As is well known, the global economy is a flexible system of relationships between its key actors, and it is directly subject to the constant impact of both internal and external factors. Among the latter are the processes of globalization, integration, liberalization, transnationalization and others. They fundamentally change the rules of organization and conduct of international economic relations. Those countries that were able to duly assess the scale of imminent changes and flexibly respond to them by adjusting national macroeconomic policies were able to take leading positions in the structure of the modern world order. A striking example of such a state is China, which, despite its catching-up type of development, has reached the level of developed countries in a number of indicators and has become one of the significant poles in the structure of the modern world order. The study conducted by the authors of the article showed that the PRC managed to achieve such a result due to the competent reforms initiated in the 1970s by Deng Xiaoping and still ongoing taking into account best world practices. The country’s leadership’s choice of the IT sector as a flagship for further progressive development of the country’s economy has already brought China significant benefits of a strategic nature.

scholarly journals Integration Processes of the Republic of Azerbaijan to the World Economy

2020 ◽  
Author(s):  
Ramin İsmayilov
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Developed Countries ◽  
Economic Relations ◽  
Economic Practice ◽  
World Markets ◽  
The World ◽  
The Republic ◽  
The Developed Countries

The article deals with the economic development characteristics of the Republic of Azerbaijan, the natural resources and production of Azerbaijan. After the independence, the policy of the new market economy followed by the Azerbaijani state and government and plans of how the developed countries will integrate their economic practice will be examined. With the new investments in the country and the introduction of the products to be produced in the world markets, the steps and plans to strengthen the economic relations with the world will be discussed. The role of Azerbaijan in the world economy, its foreign-economic relations with other states and continents were analyzed extensively. Proposals have been made to further develop and upgrade existing economic relations.

scholarly journals A room with a view: a special issue with a special perspective

2021 ◽  
Vol 26 (3) ◽  
pp. 205-210
Author(s):  
Simone Borghesi
Keyword(s):  
Climate Change ◽  
Developing Countries ◽  
Climate Policy ◽  
Present Article ◽  
Emerging Economies ◽  
Emissions Trading ◽  
Developed Countries ◽  
Special Issue ◽  
Climate Policies

AbstractThe present article describes the main insights deriving from the papers collected in this special issue which jointly provide a ‘room with a view’ on some of the most relevant issues in climate policy such as: the role of uncertainty, the distributional implications of climate change, the drivers and applications of decarbonizing innovation, the role of emissions trading and its interactions with companion policies. While looking at different issues and from different angles, all papers share a similar attention to policy aspects and implications, especially in developing countries. This is particularly important to evaluate whether and to what extent the climate policies adopted thus far in developed countries can be replicated in emerging economies.

REGIONALISM APPROACH UNDER THE COVID-19 CIRCUMSTANCES

2021 ◽  
Vol 27 (5) ◽  
pp. 126-133
Author(s):  
E. Rasoulinezhad ◽  
Keyword(s):  
World Economy ◽  
Policy Implications ◽  
Productive Capacity ◽  
Economic Convergence ◽  
Negative Consequences ◽  
Economic Relations ◽  
The World ◽  
And Control ◽  
Different Parts

The outbreak of Covid-19 disease since late 2019 has led to fundamental changes in the process of globalization and liberalization of the world economy. In order to prevent the spread of this disease and control its negative consequences, many countries have implemented policies such as urban quarantine, cutting off passenger communication with neighboring countries and the world, closing tourist and tourist places, and implementing policies to protect domestic industries. In general, it led to the phenomenon of reverse globalization. According to the development of new economic convergence, which is based on the role of the market in economic relations between countries can play an important role in improving the productive capacity of countries in a region and create economic integration in different parts of the world. Such a state of integration in different parts of the world could be the solution to the process of globalization and in the post-Corona era, the concept of “one for all, all for one” was created at the regional and global level. As policy implications, the paper recommended some points to make a greater integration between Iran and Russia in the region

The Rise of Transnational Corporations from Developing Countries in the Second Half of the 20th Century

Istoriya ◽  
2021 ◽  
Vol 12 (11 (109)) ◽  
pp. 0
Author(s):  
Alexey Kuznetsov
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Order ◽  
Developed Countries ◽  
Global South ◽  
Business Environment ◽  
Outward Foreign Direct Investment ◽  
Foreign Direct Investment Stock

The article highlights three stages of the formation of multinationals from developing countries. Although first Argentine TNCs appeared at the turn of the 19th — 20th centuries, in the majority of the Global South countries TNCs appeared in the 1960s — 1980s. With the collapse of the bipolar world order, which in many developing countries was accompanied by significant internal political and economic transformations, the second stage of foreign expansion of TNCs from the Global South began. Indeed, in 1990 they accounted for 6 % of global outward foreign direct investment stock, while the figure was 10 % by the end of 2005. We date the beginning of the third stage to the financial and economic crisis of 2007—2009, since multinationals from developing countries as a whole are more successfully overcoming the period of turbulence in the global economy. By the end of 2020, they accounted for 22 % of global outward foreign direct investment stock, and during the COVID-19 pandemic crisis they generally exported more than 50% of the capital. The modern foreign expansion of such TNCs has many reasons, differs greatly from country to country, and often differs slightly from the specifics of Western multinationals. At the same time, initially, “late internationalization” in developing countries had two main vectors — the use of new opportunities for South — South cooperation and overcoming, through the creation of subsidiaries in highly developed countries, the shortcomings of the business environment of “catching up” countries.

scholarly journals The Major Determinants of Innovative Environment Formation in Georgia

2020 ◽  
pp. 243-249
Keyword(s):  
Economic Development ◽  
Innovation Policy ◽  
Developed Countries ◽  
Modern World ◽  
Global Innovation ◽  
Innovative Environment ◽  
Job Growth ◽  
Innovative Economy

In parallel to the globalization of the modern world economy, the development of innovative policies for economic development is considered as a topical problem in a number of countries around the world. For developed countries, innovative economies have become one of the key preconditions for the country’s economic success. In Georgia, despite recent economic reforms, the country has not achieved tangible results in terms of innovation development. Hence the development of the economy needs to facilitate the formation of an innovative economy. Experience in developed countries shows that in a transformative economy the crucial role lies in the development of innovations and technological novelties. Accordingly, the article examines the contribution of innovation to the economic development of transformational countries. Priorities of innovation policy in Georgia have been identified, and the role of innovation in creating a competitive environment, increasing productivity and raising living standards has been assessed. The article uses the Global Innovation Index (GII) to assess the level of innovation in a country. There are discussed mechanisms that can help achieve long-term economic growth, productivity and job growth as well.

scholarly journals HORIZONS OF RESEARCH IN GEOGRAPHY OF THE WORLD ECONOMY

HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  
Keyword(s):  
Developing Countries ◽  
Division Of Labor ◽  
Global Economy ◽  
World Economy ◽  
Spatial Organization ◽  
Modern World ◽  
High Tech ◽  
Research Activities ◽  
The World ◽  
The Impact

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.

scholarly journals Foreign Shareholdings Impact on Banks Efficiency and Moderating Role of Corporate Governance

2019 ◽  
Vol 8 (2S9) ◽  
pp. 414-425
Keyword(s):  
Developing Countries ◽  
Corporate Governance ◽  
Country Of Origin ◽  
Developed Countries ◽  
Moderating Effect ◽  
Due Diligence ◽  
The Board Of Directors ◽  
The Impact ◽  
Moderating Role

The research investigate the impact of foreign shareholding originated from developed and developing countries on the efficiency of acquired local banks in Indonesia during 2007-2017 by including Corporate Governance as a moderating variable. Methodology: Using the secondary aggregate data of 29 commercial banks acquired by foreign shareholders, a panel regression model using econometrics methods of GLS, and DEA were applied to examine the effects of percentage of foreign shareholdings on efficiency of the acquired local banks. The main findings; First, percentage of foreign shareholdings positively affecting efficiency of acquired local banks only if the foreign shareholders is originated from developed countries. Second, the level of economic advancement of the country of origin of foreign shareholders has significant effects on the efficiency of the acquired local banks. Third, the increase in the size of the Board of Directors tends to decrease the efficiency of the acquired local banks and fourth, the presence of Foreign Director has a positive moderating effect on strengthening the effect of percentage of foreign shareholdings on the efficiency of the acquired local banks. Overall, the originality of this studies is that the percentage of foreign shareholdings and its country of origin are two combined factors that cannot be separated in affecting the level of efficiency of its acquired local bank and the fact of significant positive moderating effect of Foreign Director. As policy consideration, monetary authority need to perform strict due diligence on prospective foreign shareholders specifically originated from developing countries, advise banks to maintain the existence of Foreign Director and to encourage small local banks to be merged prior to the acquisition by foreign shareholders.

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