scholarly journals Modelling the cyclic influence of climate change on the world economic system

2020 ◽  
Vol 211 ◽  
pp. 02007
Author(s):  
Andrey Zaytsev ◽  
Evgeniy Konnikov ◽  
Yuliya Asaturova ◽  
Svetlana Didenko
Keyword(s):  
Climate Change ◽  
Economic System ◽  
Temperature Change ◽  
World Economy ◽  
Industrial Revolution ◽  
Negative Impact ◽  
Global Climate ◽  
Factors Affecting ◽  
The World ◽  
World Economic

Global climate change has become one of the central problems of the world economy over last decades. Its impact on the economy forces it to adapt to the new conditions. Increasing carbon dioxide (CO2) emissions, resulting in the greenhouse effect, depletion of natural resources, pollutions and health problems directly caused by achievements of the industrial revolution have been catastrophic for the environment. The object of the research in this work is the world economic system. The aim of the research is to analyze the factors affecting climate change and to produce recommendations for preventing the negative impact of human economic activity on the world economic system. As a result of the research, four basic econometric models have been built: 1) dependence of temperature change on CO2 emissions; 2) dependence of the number of disasters on temperature change; 3) dependence of the world GDP on the number of disasters; 4) dependence of CO2 emissions on GDP. According to the results of econometric research, this study obtained working conceptual model, which describes cyclic influence of the four interrelated factors, forming a closed system. Thus, the work proves that there is a cyclic relationship between climate change and the state of the world economy.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

scholarly journals Containing climate change: The new governmental strategies of catastrophic environments

2020 ◽  
pp. 251484862090238
Author(s):  
Nicholas Beuret
Keyword(s):  
Climate Change ◽  
Economic System ◽  
Global Economy ◽  
World Economy ◽  
The Political ◽  
Political Choice ◽  
The World ◽  
To Come ◽  
Dangerous Climate Change

The only existing plans to arrest dangerous climate change depend on either yet to be invented technologies to keep us below 2°C or on crashing the world economy for decades to come. The political choice appears to be between doing what is scientifically necessary or what is politically realistic; between shifting to an entirely different kind of global socio-economic system or suffering catastrophe. We are thus in a moment of governmental impasse, caught between old and still-emerging political rationalities. Working through the liminal governmental role of environmental non-governmental organisations, this paper explores the shift from governmental regimes centred on biopower to ones that work through the register of geopower, from governing life to governing the conditions of life. Confronted with climate change as an irresolvable problem, what we find emerging are techniques that aim to contain the worst effects of climate change without fundamentally transforming the global economy.

scholarly journals ASSESSMENT THE ADAPTABILITY OF THE WORLD ECONOMY TO THE GLOBAL MODERN CHALLENGES

2021 ◽  
Author(s):  
Yevhenii Yarushyn ◽  
Nataliia Skrypnyk
Keyword(s):  
World Economy ◽  
Negative Impact ◽  
Extreme Weather Events ◽  
Main Trend ◽  
Economic Losses ◽  
World Economic Forum ◽  
Global Challenges ◽  
The World ◽  
World Economic ◽  
The Impact

The article examines the adaptability of the world economy to the global modern challenges. It was revealed that the main trend in the emergence of new challenges in the economy is the rapid spread of globalization processes, which have led to the elimination of many barriers in society. Modern trends make it impossible to perceive global challenges as a negative event that can lead to catastrophic consequences in the world economy. In fact, the emergence of such challenges is usually positive for the further development of the world, since they are the main driving force in contributing to the development of society and the environment that surrounds it. Defined the concept of global risks according to the methodology of the World Economic Forum and made their classification by categories and long-term. Global risks can lead to huge economic losses, which will negatively affect the development of the world economy. The World Economic Forum in its annual reports on global risks defines the concept of such risks – these are events that cause a significant negative impact on national economies and the most important industries of the countries of the world within 2-10 years from the moment of their manifestation. The most critical risks to the world have been found to be the spread of the COVID-19 pandemic, the manifestation of extreme weather events, youth frustration, the collapse of social cohesion and climate change. The analysis of the forecast of the growth of the gross domestic product in the world in 2021–2022, which showed that despite the negative growth in 2020, which was caused by the outbreak of the pandemic, in 2021 growth is projected in almost all countries of the world. It has been established that the modern intergovernmental system and international institutions are not capable of ensuring stable growth in the face of crisis phenomena. The development of a mechanism for anti-crisis regulation at the international level is proposed, which should become an effective tool in overcoming the goals that global challenges pose to the world. In addition to international cooperation, it is important to increase the contribution of the scientific and technological community in promoting solutions aimed at the future. Strong interactions between universities, governments, corporations and civil society can be an effective tool in minimizing the impact of future challenges, ensuring better risk management and adaptation.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

The World Economic Forum Principles on "Climate Governance on Corporate Boards": can soft law help to face climate change around the world?

2020 ◽  
pp. 37-55
Author(s):  
Sabrina Bruno
Keyword(s):  
Climate Change ◽  
South Africa ◽  
Comparative Analysis ◽  
Boards Of Directors ◽  
Soft Law ◽  
Corporate Boards ◽  
World Economic Forum ◽  
Financial Factor ◽  
The World ◽  
World Economic

Climate change is a financial factor that carries with it risks and opportunities for companies. To support boards of directors of companies belonging to all jurisdictions, the World Economic Forum issued in January 2019 eight Principlescontaining both theoretical and practical provisions on: climate accountability, competence, governance, management, disclosure and dialogue. The paper analyses each Principle to understand scope and managerial consequences for boards and to evaluate whether the legal distinctions, among the various jurisdictions, may undermine the application of the Principles or, by contrast, despite the differences the Principles may be a useful and effective guidance to drive boards' of directors' conduct around the world in handling climate change challenges. Five jurisdictions are taken into consideration for this comparative analysis: Europe (and UK), US, Australia, South Africa and Canada. The conclusion is that the WEF Principles, as soft law, is the best possible instrument to address boards of directors of worldwide companies, harmonise their conduct and effectively help facing such global emergency.

Coal's Persistence in the Capitalist World-Economy

2020 ◽  
Vol 6 (2) ◽  
pp. 194-221 ◽  
Author(s):  
Paul K. Gellert ◽  
Paul S. Ciccantell
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Energy Transition ◽  
Ecological Modernization ◽  
World Systems ◽  
Coal Consumption ◽  
The World ◽  
Capitalist World Economy ◽  
Capitalist World

Predominant analyses of energy offer insufficient theoretical and political-economic insight into the persistence of coal and other fossil fuels. The dominant narrative of coal powering the Industrial Revolution, and Great Britain's world dominance in the nineteenth century giving way to a U.S.- and oil-dominated twentieth century, is marred by teleological assumptions. The key assumption that a complete energy “transition” will occur leads some to conceive of a renewable-energy-dominated twenty-first century led by China. After critiquing the teleological assumptions of modernization, ecological modernization, energetics, and even world-systems analysis of energy “transition,” this paper offers a world-systems perspective on the “raw” materialism of coal. Examining the material characteristics of coal and the unequal structure of the world-economy, the paper uses long-term data from governmental and private sources to reveal the lack of transition as new sources of energy are added. The increases in coal consumption in China and India as they have ascended in the capitalist world-economy have more than offset the leveling-off and decline in some core nations. A true global peak and decline (let alone full substitution) in energy generally and coal specifically has never happened. The future need not repeat the past, but technical, policy, and movement approaches will not get far without addressing the structural imperatives of capitalist growth and the uneven power structures and processes of long-term change of the world-system.

CYBERSECURITY OF FINANCIAL CONSULTING SERVICES IN THE CONTEXT OF DIGITALIZATION OF THE WORLD ECONOMY

2020 ◽  
Author(s):  
Руслана Ринатовна Абдурахманова ◽  
Людмила Ивановна Кругляк
Keyword(s):  
Economic System ◽  
Financial Services ◽  
World Economy ◽  
Digital Technologies ◽  
Consulting Services ◽  
The World

Новые цифровые технологии не только изменяют ландшафт финансовых услуг, но и несут новые угрозы кибербезопасности. Поэтому современные условия функционирования экономической системы предопределили значительные трансформации в подходах к организации консалтинговой деятельности. New digital technologies are not only changing the landscape of financial services, but also pose new threats to cybersecurity. Therefore, thecurrent conditions for the functioning of the economic system have predetermined significant transformations in approaches to the organization of consulting activities.

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.

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