scholarly journals Restructuring of International Finance for Sustainable Development of The Global Economy

2020 ◽  
Vol 74 ◽  
pp. 06028
Author(s):  
Viacheslav Shavshukov ◽  
Natalia Zhuravleva
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
World Economy ◽  
Banking System ◽  
International Markets ◽  
Flexible Exchange Rate ◽  
Smooth Transition ◽  
Financial Assets ◽  
The World ◽  
World Economic

The global crisis of 2008–2009 and its long post-crisis recession have raised questions about the future structure of the world economy. The crisis is viewed as a crash of the basic elements of the global economy’s system. The international markets of financial assets failed to regulate themselves and aggravated conflicts between global and national finance. In 2010–2019 the world economy faced the risks for sustainable development. Deglobalization and dedollarization procedures questioned the previous philosophy and world economic leadership. According to the main results of a research, international financial institutions have deficiency of means for the solution of civilization problems. The world banking system, enhancing capital base according to BIS III, is defenseless against a big share in balance of derivatives and off-balance obligations. The post-crisis economy is unstable before the risks of dropping rates by 70% of the world’s economy. The system’s solution to problems of ensuring sustainable development relies on “three whales”: change of the domestic economic policy in the direction of structural reforms for the 4.0 Revolution, ensuring productivity growth, smooth transition to a flexible exchange rate, decrease in the public and corporate debts; transition to cross-border policy without tariff wars; and focus of the world economy in civilization’s problems, quitting a competition for leadership in favor of the multipolar world, orientation to quality of life and SDR as the reserve currency.

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.

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 THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

The World Economy

2008 ◽  
Vol 204 ◽  
pp. 9-14 ◽  
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Large Scale ◽  
Banking System ◽  
The Us ◽  
The World ◽  
English Speaking ◽  
English Speaking World ◽  
Mortgage Defaults

A financial crisis, rooted in US mortgage defaults, has been building for several years. Its effects have seriously damaged the prospects for the global economy, and have particularly serious consequences for the English speaking world. Unsound lending permitted by poor regulation and worsened by lax bankruptcy laws has led the US, and potentially the rest of the OECD, to the brink of a large-scale recession. The scale of the potential slowdown depends upon the scale of losses to the banking system and their impacts on the ability of the banking system to lend.

The World Economy

2001 ◽  
Vol 175 ◽  
pp. 29-58
Keyword(s):  
Developing Countries ◽  
Latin America ◽  
Eastern Europe ◽  
Economic Activity ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
The World ◽  
World Economic ◽  
Merchandise Trade

World economic activity is estimated to have risen by 4¾ per cent in 2000, the fastest rate for more than a decade. Growth accelerated in all the major geographical areas last year, with GDP rising by an estimated 4.2 per cent in the OECD economies and activity recovering strongly in many developing countries in Asia, Latin America and Eastern Europe. World trade was exceptionally buoyant, with merchandise trade volumes rising by an estimated 13 per cent. However there is now clear evidence that the growth of the global economy has passed its peak.

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).

Modern globalization: development of glocalization and fragmentation of the world economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alexey Yu. Arkhipov ◽  
Alexey N. Yeletsky
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Comparative Modeling ◽  
Theoretical Concept ◽  
Modern World ◽  
Content Type ◽  
Economic Relations ◽  
The World ◽  
World Economic ◽  
Analysis System

PurposeThe purpose of the article is to analyze the contradictory trends in the development of the modern world economic system. The relevance of the topic is due to the multifaceted and ambiguous nature of regionalization, glocalization and fragmentation tendencies formed as the most important trends in the crisis of globalism.Design/methodology/approachBased on the classical methods of historical and functional analysis, system approach and comparative studies, the authors realized the research potential of modern methodological tools, alternative forecasting methods and comparative modeling, as well as special methods of economic globalistics and global political economy. Heuristic possibilities of the methodological–theoretical concept of glocalization of international economic relations are used.FindingsNew directions and opportunities for attaining regional and global geo-economic leadership are revealed and demonstrated. It is justified that glocalization does not lead to economic isolation in previously known historical forms but to priority realization of the interests of local economic entities included in the processes of globalization and subordinated to its patterns. Glocalization causes an increase in the role of local factors in the global development of the society, in particular of the global economy.Originality/valueIt is established that the so-called equilibrium zones (enjoying the advantages of an intermediary role in the interrelationships of large areas of the world economy, which are headed by geo-economic leaders) possess the potential for novelty in the dynamics of a globalizing economy. The article predicts the formation of a multidimensional and multilevel geo-economic multipolarity due to the reshaping of the global system of leadership in the world economy and due to the contradictory competitive relationships of its main centers.

scholarly journals Оцінка стану криптовалютного ринку та його перспектив під впливом коронавірусу

2020 ◽  
pp. 106-117
Author(s):  
Сперчун О.В. ◽  
Кудрицька Ж.В.
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Careful Study ◽  
Financial Assets ◽  
Economic Changes ◽  
Goods And Services ◽  
Blockchain Technology ◽  
Current State ◽  
The World ◽  
The Impact

Nowadays in the world economy, there is a tendency to invest in alternative, digital assets. Currently, the problem of integration of cryptocurrencies into the international financial system and the spread of the use of cryptocurrencies as a means of payment for goods and services is relevant. The following scientists have considered the development of the cryptocurrency economy: Beck K., M. Carney, M. Chea, E. Fry, J. Chung A., Roca E., Cooper M. and others. However, changes in the global economy caused by the coronavirus pandemic have significantly affected the cryptocurrency market and require more careful study and analysis. The article is devoted to the study of the current state of the cryptocurrency market and the changes that have taken place under the influence of the coronavirus. The price characteristics of the main cryptocurrencies over the last few months, their state, and reaction to changes in the world economy are considered. The article presents statistics of the cryptocurrency Bitcoin for the last few months, as well as other traditional financial assets. The technological characteristics of the cryptocurrency Bitcoin, the mechanisms of its functioning, and the possibilities of its application in related economic spheres are also considered. The impact of traditional financial assets on the cryptocurrency economy and the role of the cryptocurrency Bitcoin as a protective financial asset are analyzed. The terms of the functioning of the decentralized financial platform Bitcoin on the basis of Blockchain technology are considered. Perspective for the development of the cryptocurrency economy and key economic indicators of the cryptocurrency Bitcoin is also analyzed. The purpose of this work is to analyze the dynamics of prices for major cryptocurrency assets in the cryptocurrency market, due to global economic changes caused by the coronavirus pandemic and further prospects for the digital economy. It also described the influence of certain factors on the pricing of Bitcoin cryptocurrency.

scholarly journals World economic development within domination of regional states

2018 ◽  
Keyword(s):  
Economic Development ◽  
World Bank ◽  
Regional Integration ◽  
Global Economy ◽  
World Economy ◽  
The United States ◽  
Change World ◽  
The World Bank ◽  
The World ◽  
World Economic

The article deals with the world economic development within the domination of regional states that continue to play an important role, despite the regional integration processes affect and change world ecocnomy. Today, according to the World Bank data, such states are the United States of America, China, Japan, Germany, Great Britain, France, India, Italy, Brazil, Canada. Today these regional states have the largest economies in the world. The article analyzes the main indicators of the states that characterize their position in the world economy in 2016. The study determines the share of the macrogeographic regions, which includes the largest regional states in the world economy. The forecast is made on the basis of current trends in the global economy, 2016-2017 and the World Bank data on the world economy development by 2030. The regional states are identified as the largest economies in the world by that time.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

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