The impact of federalism on the development of international economic relations: Lessons from the United States and Canada

1989 ◽  
Vol 43 (1) ◽  
pp. 16-35
Author(s):  
Earl H. Fry
Keyword(s):  
United States ◽  
International Economic ◽  
The United States ◽  
Economic Relations ◽  
International Economic Relations ◽  
The Impact

scholarly journals THE POSITION OF THE FINANCIAL COMPONENT IN THE PARADIGM OF MODERN ECONOMIC DIPLOMACY

2021 ◽  
Vol 7 (3) ◽  
pp. 186-194
Author(s):  
Kostyantyn Flissak ◽  
Darya Glukhova
Keyword(s):  
International Economic ◽  
Public Debt ◽  
Economic Activity ◽  
Scientific Research ◽  
The United States ◽  
Special Role ◽  
Economic Relations ◽  
Economic Diplomacy ◽  
International Economic Relations ◽  
The Impact

At the beginning of the 21st century, most subjects of international economic relations announced a course to liberalize the world economy both as a whole and as its individual components. At the same time, under the influence of geopolitical and geo-economic aspirations, state instruments of a protectionist nature were increasingly used. Global economic development has become a hostage to such processes. In such circumstances, the efficiency of individual business entities has begun to decline. Innovative tools were needed to prevent this. One of them was economic diplomacy, which has acquired a special role in providing the promotion of the interests of both national economies as a whole and their individual subjects. At the same time, economic diplomacy itself covers different areas of economic activity and not all of them are investigated to the same extent. The purpose of the article is to study and analyze the financial component of economic diplomacy in modern conditions, the specifics of its formation and development, aimed at improving the national system of promoting national interests both within the state and abroad. To achieve this goal, the research is focused on the following tasks: to consider and analyze the theoretical basis of the financial component of economic diplomacy, to highlight its manifestations in various forms of international economic relations, to determine the main imperatives of state support for international investment partnership. Special attention is paid to the issues of external borrowing and the movement of public debt funds from the point of view of the influence of economic diplomacy on them. Based on the results of this review, a whole number of theoretical conclusions were made, which at the same time establish the basis for further research of the considered problem. Methodology. In the process of preparing the article, methods of scientific abstraction, observation, analysis and synthesis, generalization, as well as statistical and economic methods were used to assess a number of financial and economic indicators of state development in order to identify the weaknesses and prospects for the impact of economic diplomacy tools on them. The information and analytical base for the study are materials and analytical reports of international organizations dealing with the issues under consideration (UNCTAD, IMF, World Bank), regulatory and statistical data of state authorities of Ukraine and the United States, the results of scientific research of modern scientists from different countries. The results of the study show that providing the proper efficiency of foreign economic activity requires the use of a set of tools to promote and support its subjects. Economic diplomacy plays a significant role in this sphere. The development level of international economic relations actualizes the justification of the modern paradigm of the financial component, mechanisms for applying the tools of economic diplomacy in financial issues. All this requires a clear delineation and structuring of object-by-object areas and directions of efforts. Only on this basis, an effective mechanism for implementing the financial component of economic diplomacy can be formed. The practical implications of the scientific research are to find out the current state of economic diplomacy mechanisms in the financial sphere, trends in their development, and potential consequences for other states (including Ukraine). Value/originality. The studied mechanisms and practice of using economic diplomacy in the sphere of the financial component, in particular in issues of interstate investment partnership, external government borrowing, and work with public debt deserve attention from the relevant state structures of Ukraine on the implementation of tools and standards of economic diplomacy in this area. In addition, this study can serve as a basis for further research, since the considered problem contains the significant potential for further investigations in subsequent scientific publications.

US-China trade war: Russia's risks

2020 ◽  
Vol 17 (2) ◽  
pp. 56-65
Author(s):  
O. V. Ignatova ◽  
O. A. Gorbunova
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis.On the basis of a regional approach and analysis of statistical data it became possible to make an assessment of the effects that the US-PRC rivalry has on mutual trade, investment and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian-Chinese relations are reaching a new level of development, the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities, but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

Developments in the Law and Institutions of International Economic Relations–The Kennedy Round of Trade Negotiations

1968 ◽  
Vol 62 (2) ◽  
pp. 403-434 ◽  
Author(s):  
John B. Rehm
Keyword(s):  
United States ◽  
International Economic ◽  
The United States ◽  
Trade Negotiations ◽  
Kennedy Round ◽  
Economic Relations ◽  
International Economic Relations ◽  
Multilateral Agreements ◽  
The World ◽  
International Obligations

On June 30, 1967, in Geneva, Switzerland, Ambassador W. Michael Blumenthal, acting at the direction of the President, signed five multilateral agreements on behalf of the United States. He and the representatives of 45 other countries thereby concluded the Kennedy Round of trade negotiations and formalized an elaborate set of international obligations which, over a period of four years, would see the most extensive liberalization of trade ever achieved through co-operative action on the part of the trading countries of the world.

scholarly journals US–China Trade War: Russia’s Interests

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Olga V. Ignatova ◽  
Olga A. Gorbunova ◽  
Olga Yu. Tereshina ◽  
◽  
◽  
...  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis. On the basis of a regional approach and analysis of statistical data, it became possible to make an assessment of the effects that the US–PRC rivalry has on mutual trade, investment, and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian–Chinese relations are reaching a new level of development, and the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

Developments in the Law and Institutions of International Economic Relations: American Foreign Trade and Investment Policy for the 1970's: The Williams Commission Report

1972 ◽  
Vol 66 (3) ◽  
pp. 537-559
Author(s):  
Stanley D. Metzger
Keyword(s):  
United States ◽  
International Economic ◽  
World War Ii ◽  
The United States ◽  
Investment Policy ◽  
Economic Relations ◽  
International Economic Relations ◽  
World Economic ◽  
Commission Report ◽  
Trade And Investment

On May 21, 1970, President Nixon appointed a Commission on International Trade and Investment Policy to study the principal problems faced by the United States in this field, assess present U.S. policy, and produce a set of policy recommendations for the 1970s which would take account of the changes that have taken place on the world economic scene since the end of World War II. Twenty-seven members from business, labor, agriculture, and the universities (a substantial majority from business) were appointed, under the chairmanship of Albert L. Williams, Chairman of the Finance Committee of International Business Machines. The Williams Commission rendered its report in July, 1971: “United States International Economic Policy in an Interdependent World.”

scholarly journals POLITICAL AND ECONOMIC CONTENT OF THE THEORY OF INTERNATIONAL TRADE

2021 ◽  
Vol 118 (5) ◽  
pp. 48-65
Author(s):  
ONYSHCHENKO Volodymyr
Keyword(s):  
International Economic ◽  
Political Economy ◽  
International Trade ◽  
Trade Policy ◽  
State Level ◽  
Trade Theory ◽  
Economic Relations ◽  
International Economic Relations ◽  
The Subject ◽  
The Impact

Background. Dynamic changes in international economic relations and trade for thorough analysis and forecasting require an adequate paradigm of international trade theory, which would take into account not only economic and political factors of its development, but also the diverse civilizational context of the world community, which determines mental, social and cultural features of the development of a country. Problem research state. Problems of political economy in international trade to some extent affect the research of P. Krugman, M. Obstfeld, J. Frieden, E. Helpman, P. S. Afontsev, A. Mazaraki, T. Melnyk, V. Panchenko, N. Reznikova and others. But the structure of its methodological discourse and the subject of its research remain unclear. The aim of the articleis to clarify the political and economic discourse of the theory of international trade. Materials and methods. The materials of the research were the works of domestic and foreign specialists. In the process of preparing the article, general scientific research methods were used: historical, logical analysis, synthesis and abstraction. Results. Political economy is a normative manifestation of economic theory, which is formed under the influence of socio-economic and political concepts, the formed goals of social development. The subject of political economy of international trade – economic and socio-political relations that determine and accompany international trade and determine the goals and content of trade policy of its subjects. It is proposed to expand the mechanism of formation of relative advantages and trade policy of the country by including factors that determine not only its economic potential and specialization, but also the risks that may be caused by political decisions. It is argued that the problem of «protectionism vs liberalism» in international trade at the state level will always exist. It turns out that the problem of justice in international economic relations and trade is determined by the civilizational content of the development of countries, in which human capital plays a crucial role. Conclusion. The paradigm of political economy in international trade should be based on an expanded interpretation of relative benefits by assessing the impact of economic, social and political institutionson them, the peculiarities of national trade policies.

Observations on the Structure of World Trade and Payments

1956 ◽  
Vol 8 (4) ◽  
pp. 534-559
Author(s):  
Herbert B. Woolley
Keyword(s):  
United States ◽  
Economic Activity ◽  
Foreign Relations ◽  
The United States ◽  
American People ◽  
Economic Policies ◽  
Economic Relations ◽  
The World ◽  
Systematic Understanding ◽  
The Impact

EVENTS intimately linked to our foreign relations have profoundly affected the level of economic activity in the United States and the character of our economic progress and stability. They cannot be disregarded by those concerned with the level of economic activity in this country. Furthermore, those concerned with the economic policies of the United States must also be concerned with the impact of those policies upon the rest of the world because of the great importance of the United States in the world economy, and because of the link between economic, political, and military events at home and abroad. Since the United States cannot ignore the far-reaching and indirect effect of its policies and decisions, the American people and their government require a detailed and systematic understanding of the economic interrelationships among all countries of the world. Even more, to exercise the international leadership which our great size and resources impose upon us, we must be in a position to assess the effect of developments and actions everywhere upon the political and economic strength of the free world. This article considers a few of the salient features of world economic relations which should always be kept in mind in assessing economic policy alternatives.

scholarly journals THE IMPACT OF ECOLOGY ON INTERNATIONAL ECONOMIC RELATIONS

2021 ◽  
Author(s):  
Марія Шкурат ◽  
Каріна Тукіла
Keyword(s):  
International Economic ◽  
Negative Impact ◽  
Environmental Problems ◽  
Waste Recycling ◽  
The European Union ◽  
Economic Relations ◽  
International Economic Relations ◽  
The World ◽  
Terrorist Groups ◽  
The Impact

Today the acute problems are pollution oceans, global warming, lack of resources, the increasing number of war and terrorist groups. All of this have adversely effects on the world environment and causes many problems in relations between countries. The issues of the impact of ecology on the world economy were revealed in their works economists such as K. Sitnik, M. Budiko, M. Reimer and many others. The main porpoise is to analyze the impact of ecology on the formation of economies in Europe and Ukraine, effects and suggest ways to solve problems. One of the main principles of domestic and foreign policy of any country is the preservation of the environment and its components. The main objectives of the article are to identify and analyze the main environmental problems of the world; to analyze the consequences of economic dangers and their impact on international economic relations; to analyze the consequences of energy consumption and propose alternative solutions for Ukraine; to investigate the problems and prospects of waste recycling in the world by proposing ways to solve the problem for Ukraine based on the experience of foreign countries; to identify the negative impact of solid waste recycling and suggest ways to solve the problem. Thus, there is a need to identify and study the main problems that stand in the way of building international economic relations in Ukraine and the world as a whole and to identify the main ways to solve these problems. The article analyzes the level of ecology worldwide. The basic environmental problems that have a negative impact in terms of all sectors of society. The main factors that cause negative impact on the environment are considered. Methods of pollution control at the level of the European Union and Ukraine are researched and offered. Ukraine's prospects for improving the environmental situation, which will help reach a new level in the world rankings, have also been identified.

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