scholarly journals Problems and perspectives of sustainable trade development in China under the one belt one road initiative

2021 ◽  
Vol 258 ◽  
pp. 06050
Author(s):  
Zhi Ji ◽  
George Abuselidze ◽  
Valeriia Lymar
Keyword(s):  
Global Economy ◽  
Chinese Economy ◽  
Maximum Effect ◽  
Trade Volume ◽  
Economic Prosperity ◽  
One Belt One Road ◽  
The World ◽  
The One ◽  
Sustainable Trade ◽  
China’S Growth

In the paper the authors proved that China’s growth towards dominance in international trade has begun recently, but, on average, the growth of China’s trade volume has doubled every four years over the past three decades. The paper analyses that the rapid growth of the Chinese economy provides all countries around the world especially neigh boring countries, with a chance of interconnected development, which had a decisive impact on the economic prosperity of the world economy at the end of the last and at the beginning of this century. The key priority of Chinese economic policy was called attracting FDI, but gradually it focused on foreign direct investment (FDI) from China. Therefore, the “one belt, one road” initiative has brought maximum effect not only on the country itself, but on the entire global economy, and has become the basis for multilateral economic development. Accordingly, we have come to the conclusion that the project the “one belt, one road” has a goal to strengthen the geopolitical cooperation between Asia and Europe, so it is Ukraine that is important in its implementation. Ukraine is a strategically important logistics hub between Asia and Europe. It is proved that Ukraine is now a promising country in Eastern Europe and has a significant deferred purchasing power potential, which will increase if the political and economic situation in the country stabilizes.

The One Belt One Road Initiative: An Enabler of Entrepreneurship or Big Business in Developing Countries

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Sivakumar Velayutham
Keyword(s):  
Developing Countries ◽  
Small Group ◽  
Global Economy ◽  
Economic Structure ◽  
Belt And Road Initiative ◽  
Economic Prosperity ◽  
One Belt One Road ◽  
Belt And Road ◽  
The One ◽  
The Belt And Road

In March 2015, China proposed the Belt and Road Initiative (OBOR) as its signature initiative to advance economic prosperity of the countries along the Belt and Road. The initiative promises economic development including entrepreneurial development and prosperity to mainly developing countries in Asia, Central Europe, and Africa. Entrepreneurship drives economic change and innovation while at the same time expanding opportunity and unleashing the initiative of people. Entrepreneurs are crucial to building prosperous societies that deliver opportunity to all. Recent evidence however suggests that the entrepreneurial economy is faltering and a small group of giant companies dominate the global economy. This paper seeks to critically appraise the possible effects of OBOR on entrepreneurship in developing countries along its route. Will OBOR revitalise entrepreneurship in developing countries or further intensify the dominance of the economy by a small group of giant companies. Empirical study indicates a high emphasis on large firms in the economic structure of OBOR countries (Novosak and Jurčík, 2018). This paper seeks to illustrate why OBOR is proving to be more of a Bane rather than a Boon to entrepreneurship in developing countries further promoting the dominance of the economy by big corporations.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

scholarly journals The consequences of China's impending economic crisis on global economy

2016 ◽  
Vol 5 (6) ◽  
pp. 24-41
Author(s):  
Mavhungu Abel Mafukata
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Economic Recession ◽  
Chinese Economy ◽  
Sub Saharan Africa ◽  
Economic Practice ◽  
Specific Objective ◽  
The World ◽  
Negative Effect ◽  
Sub Saharan

The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy – with reference to Sub-Saharan Africa (SSA) in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data were collected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA.  The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This  paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.

The Global Perspective

2013 ◽  
Author(s):  
Zoltan J. Acs
Keyword(s):  
Global Economy ◽  
Global Perspective ◽  
The European Union ◽  
Unequal Distribution ◽  
Distribution Of Wealth ◽  
American Model ◽  
The World ◽  
American Style ◽  
Unequal Distribution Of Wealth ◽  
The One

This chapter examines the American economy and American-style capitalism in the context of the global economy. It first provides an overview of American exceptionalism before revisiting who the Americans are and comparing the American model of liberal democracy with that of East Asia and the European Union. It then reflects on what America's future looks like and what the world will look like in 2050. It concludes with an assessment of whether the American model that is spreading around the world in bits and pieces could be better promoted. The chapter suggests that American-style capitalism, with its interplay between entrepreneurship and philanthropy, on the one hand, and its balancing act between wealth and opportunity, on the other, should be encouraged despite the unequal distribution of wealth entrepreneurship creates.

Conclusion

2018 ◽  
pp. 337-346
Author(s):  
Rhys Jenkins
Keyword(s):  
Economic Growth ◽  
Chinese Economy ◽  
Sub Saharan Africa ◽  
Domestic Consumption ◽  
Economic Relations ◽  
Investment Projects ◽  
One Belt One Road ◽  
The Caribbean ◽  
Sub Saharan ◽  
The One

By way of conclusion, this chapter focusses on two issues. The first is how China’s relations with Sub-Saharan Africa (SSA) and Latin America and the Caribbean (LAC) are likely to be affected in the future by recent changes in the Chinese economy and its internationalization. Since 2012, the Chinese economy has been characterized by a ‘New Normal’ of slower economic growth and a rebalancing of the economy towards increased domestic consumption and less reliance on investment and exports. China also launched the One Belt, One Road (OBOR) initiative in 2013, which seeks to link China with other Asian countries and Europe through major investment projects. The second issue concerns the continuing tensions that derive from the asymmetric economic relations between China and the two regions and whether steps will be taken to resolve them.

scholarly journals Global sugar, regional water, and local people: EU sugar regime liberalisation, rural livelihoods, and the environment in the Incomati River Basin

2009 ◽  
Vol 105 (1/2) ◽  
Author(s):  
Jo Lorentzen
Keyword(s):  
River Basin ◽  
Global Economy ◽  
Rural Livelihoods ◽  
The European Union ◽  
Rural People ◽  
Complex Interactions ◽  
The World ◽  
The One ◽  
Distant Part

This paper is concerned with how changes in the global economy, triggered by actions undertaken in one part of the world, can affect the lives and the prospects of poor rural people, as well as the environment they live in, in another very distant part of the world. It analyses the linkages between changes in the European Union (EU) sugar regime and the economic fortunes and the environmental future of a very poor and highly water-stressed area in southern Africa—the Incomati River Basin—where sugar production is the single most important economic activity. The case study epitomises the complex interactions between trade liberalisation on the one hand and poverty and the environment on the other.

scholarly journals STRONG ECONOMIC DEVELOPMENT WITHOUT JUDICIAL INDEPENDENCE IN CHINA: A REVIEW

2020 ◽  
Vol 7 (1) ◽  
pp. 148-177
Author(s):  
M. S. Islam ◽  
X. Xin
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Judicial Independence ◽  
National Bureau ◽  
One Belt One Road ◽  
The World ◽  
Economic Markets ◽  
Media Reports ◽  
Made In China ◽  
Law Reports

Over the last four decades, China has sustained extraordinary economic development despite Western assertions of under-constructed economic markets and the lack of an independent adjudicative process. The purpose of this paper is to set out the context of China’s judicial independence and high economic development scenario in the global economy. The paper aims to establish that vast economic expansion is possible without the conventional concept of an independent judiciary in which China provides an important example for the world. The study is mainly qualitative in nature and takes the analytical approach. The data and statistics have been collected from sources of the World Bank, IMF, WTO, UNCTAD, The World Factbook of the CIA, and the Chinese National Bureau of Statistics. The content analysis references the Chinese Constitution and judges law, reports of the Supreme People’s Court, books, journal articles, newspaper articles, media reports, and internet documents. The findings of the study are that China preserves “adjudicative independence” as a unique feature instead of embracing the Western concept of judicial independence that promotes the confidence of investors to make more investments. Additionally, the initiatives of “Made in China” and “One Belt, One Road” attach new wings to China’s emergence as the world’s crucial economic power. The article concludes that China’s experience provides a lesson for policymakers and economists of other developing or transitional countries struggling with weak legal and court systems, and emerging financial markets. The study strengthens the flourishing literature on the connection between judicial independence and economic development.

scholarly journals RETOS Y PERSPECTIVAS DE LA GESTIÓN EMPRESARIAL EN AMÉRICA LATINA Y MÉXICO

2015 ◽  
Vol 20 (58) ◽  
pp. 121-128
Author(s):  
José Félix García Rodríguez ◽  
Luis Arturo Méndez Olán
Keyword(s):  
Global Economy ◽  
Economic Recession ◽  
Free Movement ◽  
Free Markets ◽  
Main Determinant ◽  
Goods And Services ◽  
The World ◽  
America Latina ◽  
The One ◽  
Economic And Financial Crisis

RESUMEN: La gestión empresarial, entendida como la actividad emprendida con el propósito de mejorar la productividad y la competitividad, así como asegurar la sustentabilidad de la empresa, enfrenta importantes retos y desafíos. Por un lado, la actividad empresarial debe desarrollarse en el entorno de la economía global, caracterizada por el libre comercio de bienes y servicios, así como la libre circulación de capitales financieros. Por otra parte, la libre circulación de capitales es el principal determinante de una amplia volatilidad e inestabilidad en los mercados financieros globales, lo que ejerce una gran influencia sobre la situación económica de un país y su actividad empresarial. Ello quedó plenamente demostrado con la crisis económica y financiera de 2008, cuyas consecuencias recesivas aún se manifiestan en la mayoría de los países del mundo. Así, como consecuencia de la recesión económica de 2008, millones de personas en todo el mundo perdieron sus hogares y sus empresas, y muchas de ellas se empobrecieron. No era eso lo esperado en el mundo de los negocios y las finanzas. La teoría económica neoliberal, con su fe en el libre mercado y en la globalización, había prometido prosperidad para todos. Se suponía que la Nueva Economía, con sus sorprendentes innovaciones financieras -como son la desregulación y la ingeniería financiera- traería consigo el fin de los ciclos económicos, crecimiento y bienestar. Si en el mundo desarrollado las consecuencias fueron desastrosas, en América Latina provocaron una verdadera emergencia económica y social. ABSTRACT: The business management, understood as the activity undertaken in order to improve productivity and competitiveness, and ensure sustainability of the company, faces significant challenges and challenges. On the one hand, businesses must develop in the environment of the global economy, characterized by free trade in goods and services and the free movement of financial capital. Moreover, the free movement of capital is the main determinant of a wide volatility and instability in global financial markets, which exerts great influence on the economic situation of a country and its business. This was fully demonstrated by the economic and financial crisis of 2008, whose recessionary consequences still evident in most countries. So, as a result of the economic recession of 2008, millions of people around the world lost their homes and businesses, and many of them were impoverished. That was not expected in the world of business and finance. The neoliberal economic theory, with its faith in free markets and globalization, had promised prosperity for all. It was assumed that the New Economy, with its surprising, as financial innovation and deregulation are financially engineering would bring to business cycles, growth and welfare. If I developed were disastrous in the world, in Latin America provoked a genuine economic and social emergency.

scholarly journals Implications of «One Belt, One Road» Strategy for China and Eurasia

2019 ◽  
Vol 19 (1) ◽  
pp. 77-88
Author(s):  
Guo Cheng ◽  
Lu Chen ◽  
Denis Andreevich Degterev ◽  
Jielin Zhao
Keyword(s):  
Soft Power ◽  
Political Trust ◽  
Global Market ◽  
Policy Makers ◽  
Central Asian ◽  
One Belt One Road ◽  
The World ◽  
Economic Exchanges ◽  
The One ◽  
Cultural Bridge

The «One Belt, One Road» (OBOR) initiative was proposed by Chinese President Xi Jinping during his visits to Kazakhstan and Indonesia, in 2013. The initiative «One Belt, One Road» could be fully treated as a comprehensive domestic and foreign policy concept. OBOR is designed to strengthen China as an attractive actor in the global market and advance its soft power. It is mostly aimed at increasing economic exchanges between China and the world. Historically the concept of the «Silk Road» was not only focused on the trade agenda. It also had rather significant cultural meaning. Obviously, the OBOR initiative could serve as a cultural bridge between China and the world and in this sense, emphases the dialogue between civilizations, not only markets and forces. With its long-term interests, China treats OBOR as a grand strategy. The initiative has been extensively discussed among academics and policy-makers both inside and outside China. The article shows also coordinating efforts of China and Russia in regional development as well as the internationalization of Central Asian region after 1991 and the role of China in this process. Contours of possible great powers rivalry as well as lack of mutual political trust between the Central Asian countries are described. This article intends to provide the analysis on the issue from the Chinese scholars’ perspective.

scholarly journals Network effects govern the evolution of maritime trade

2020 ◽  
Vol 117 (23) ◽  
pp. 12719-12728 ◽  
Author(s):  
Zuzanna Kosowska-Stamirowska
Keyword(s):  
Global Economy ◽  
Socioeconomic Development ◽  
Network Effects ◽  
Trade Flows ◽  
Machine Learning Techniques ◽  
Maritime Trade ◽  
Trade Volume ◽  
Learning Techniques ◽  
The World ◽  
Underlying Network

Maritime transport accounts for over 80% of the world trade volume and is the backbone of the global economy. Global supply chains create a complex network of trade flows. The structure of this network impacts not only the socioeconomic development of the concerned regions but also their ecosystems. The movements of ships are a considerable source of CO2emissions and contribute to climate change. In the wake of the announced development of Arctic shipping, the need to understand the behavior of the maritime trade network and to predict future trade flows becomes pressing. We use a unique database of daily movements of the world fleet over the period 1977–2008 and apply machine learning techniques on network data to develop models for predicting the opening of new shipping lines and for forecasting trade volume on links. We find that the evolution of this system is governed by a simple rule from network science, relying on the number of common neighbors between pairs of ports. This finding is consistent over all three decades of temporal data. We further confirm it with a natural experiment, involving traffic redirection from the port of Kobe after the 1995 earthquake. Our forecasting method enables researchers and industry to easily model effects of potential future scenarios at the level of ports, regions, and the world. Our results also indicate that maritime trade flows follow a form of random walk on the underlying network structure of sea connections, highlighting its pivotal role in the development of maritime trade.

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