The Shadow Society and Its Fictitious Capital

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Social Movements ◽  
Economic Crisis ◽  
Global Economy ◽  
Democratic Governance ◽  
Professional Expertise ◽  
Conservative Movement ◽  
Electoral Success ◽  
Fictitious Capital ◽  
Equitable Outcomes ◽  
National Economies

The concluding chapter surveys the prospects for more democratic governance of national economies and more equitable outcomes in the global economy. The backdrop for the chapter is the marriage of shadow finance with the conservative governments that have achieved electoral success on the basis of popular dissatisfaction with the response of neoliberal governments to the global economic crisis. The conservative movement and its governments are incoherent and unwilling to address, even in terms of modest reform, the power of finance and its responsibility for inequality and crisis. Effective reform could emerge from the union of professional expertise, whose commitment to technocratic aspects of the neoliberal project may have weakened, with democratic social movements.

scholarly journals CORONA ECONOMIC CRISIS: IMPLICATIONS AND LESSONS

2020 ◽  
Author(s):  
N.M. Tatul
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Negative Impact ◽  
Economic Consequences ◽  
Current Trends ◽  
The Social ◽  
National Economies ◽  
Regional Associations ◽  
The Impact

The purpose of our study is to reveal the essence and root causes of the current corona-economic crisis, both in terms of the damage caused and the impact on national economies and the world economy, and from the standpoint of its perception by humans, society and authoritative organizations of regional and global importance. In addition to analyzing the main trends and phenomena associated with the pandemic, the task is to study the social and economic consequences, assess the eff ectiveness of policies to reduce the negative impact of states and substantiate the need for all countries to be ready for multilateral and mono-sided cooperation in all areas of public activity. Numerous lessons that need to be learned from the current situation in order to work out a strategy for the development of mankind and individual states, as well as to avoid the repetition of possible mistakes and failures in the future, seem vital. Finally, an attempt is made to predict the state of the global economy after overcoming the consequences of the corona-economic crisis, taking into account current trends, as well as the principled approaches and perceptions of experts, individual organizations and regional associations.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

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.

Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

2018 ◽  
pp. 48-62
Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Control Mechanisms ◽  
Economic Dynamics ◽  
Western Economy ◽  
The World

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.

IMPACT OF COVID-19 ON THE GLOBAL ECON

2020 ◽  
Vol 3 (11) ◽  
pp. 126-131
Author(s):  
M. P. VAKHROMEEVA ◽  
Keyword(s):  
Economic Crisis ◽  
Global Economic Crisis ◽  
World Economic ◽  
Coronavirus Infection ◽  
National Economies ◽  
The Impact

The article examines the impact of the coronavirus infection COVID-19 on world economic processes, analyzes the ways out of the global economic crisis, analyzes approaches to the restoration of national economies.

scholarly journals Insourcing as a New Trend in Global Business

2013 ◽  
Vol 5 (2) ◽  
pp. 7-24
Author(s):  
Jadwiga Chudzicka
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Business ◽  
Traditional Management ◽  
The World ◽  
Current Economic Situation ◽  
The Face ◽  
World Economic ◽  
Job Category ◽  
World Economic Crisis

AbstractIn the face of world economic crisis, it is worth considering ‘what changes in thinking are needed to revive the global economy?’ Traditional management methods have already lost much of their potential. Keeping the compliance of job category with human nature is an important factor supported by insourcing. The purpose of this study was to answer the question whether the current economic situation in the world is more profitable to firms sending domestic jobs overseas, or perhaps - in the end - it is better to use insourcing services, providing employment to workers in their home countries

scholarly journals No Justice, No Ships Get Loaded: Political Boycotts on the San Francisco Bay and Durban Waterfronts

2013 ◽  
Vol 58 (2) ◽  
pp. 185-217 ◽  
Author(s):  
Peter Cole
Keyword(s):  
Social Movements ◽  
San Francisco ◽  
Global Economy ◽  
San Francisco Bay ◽  
San Francisco Bay Area ◽  
First Century ◽  
Central Position ◽  
Racial Justice ◽  
Bay Area ◽  
Comparative Methodology

AbstractUsing a comparative methodology, this essay examines how and why longshore workers in both the San Francisco Bay area and Durban demonstrate a robust sense of working-class internationalism and solidarity. Longshore workers are more inclined than most to see their immediate, local struggles in larger, even global, contexts. Literally for decades, workers in both ports used their power to advocate for racial justice at home and in solidarity with social movements globally. While such notions might seem outdated in the twenty-first century, as unions have been on the decline for some decades, longshore workers grounded their ideals in the reality that they still occupied a central position in global trade. Hence, they combined their leftist and anti-racist ideological beliefs with a pragmatic understanding of their central role in the global economy. While not the norm, these longshore workers’ attitudes and actions demand attention, as they challenge the notion that workers in recent decades are powerless to shape their world.

APEC Leaders Meet in Vancouver, Address Economic Crisis, Challenges of Globalization

1998 ◽  
Vol 9 (1) ◽  
pp. 108-111
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Global Economy ◽  
Sustainable Growth ◽  
Asia Pacific ◽  
Full Potential ◽  
Leading Role ◽  
The People ◽  
Open Trade ◽  
Trade And Investment

We, APEC's Economic Leaders, met today in Vancouver, Canada, to reaffirm our commitment to work together to meet the challenge of sustaining regional prosperity and stability. Certain of the dynamism and resilience of the region, we underline our resolve to achieve sustainable growth and equitable development and to unlock the full potential of the people who live here. We agree that the prospects for economic growth in the region are strong, and that Asia-Pacific will continue to play a leading role in the global economy. The goals we have set, including the achievement of free and open trade and investment in the region by the dates set out in the Bogor Declaration, are ambitious and unequivocal.

scholarly journals Green Tourism in the Context of Sustainable Development and the Challenges Posed by the Global Economic Crisis

2020 ◽  
Vol 3 (45) ◽  
pp. 11-17
Author(s):  
T. O. Zinchuk ◽  
◽  
T. V. Usiuk ◽  
Keyword(s):  
Sustainable Development ◽  
Economic Crisis ◽  
Rural Areas ◽  
Global Economy ◽  
Sustainable Development Goals ◽  
Tourism Development ◽  
The Sustainable Development ◽  
The Face ◽  
Green Tourism ◽  
Development Goals

The articles aims to substantiate the socio-economic, environmental, historical and cultural role played by green tourism and its contribution to the implementation of Sustainable Development Goals based on current innovative trends and capabilities of tourism in the face of challenges posed by the ongoing crisis in global economy caused by the latest pandemic. The objectives of the research were to detail the theoretical, methodological and applied approaches to the development of green tourism, which is a market sector providing travel services. The definition of green tourism has been made more profound through connecting it with the Sustainable Development Goals, which is rather logical. The motivating factors for the development of green tourism have been analyzed taking into account the model of multifunctionality in agriculture and its importance in rural development policy. The nature of changes in the green tourism sector has been identified with respect to the peculiarities of the current global situation, when a pandemic is restraining the world tourism intensity, on the one hand, and is stimulating local tourism, on the other. It is worth adding that local tourism is mostly green and focused on the conservation of the environmental and natural resources, as well as sustainment of mostly rural areas. The research carried out shows that green tourism can become a driving force for economic growth in rural areas, a motivator for employment, a factor in preserving rural culture and traditions in a particular area. At the same time, the results of the research prove the existence of a link between green tourism and national economic, environmental, socio-cultural, intellectual, energy security due to the most typical development priorities of such tourism. On analyzing the experience of the countries that suffered the pandemic most, we have found some prospects for green tourism development. It is a new system of partnership between the state, business and civil society which can become an additional incentive to preserve the potential of green tourism. Thus, strategic guidelines for green tourism development based on institutional priorities, with the current economic crisis challenges in mind, have been designed.

scholarly journals Citizens of Serbia in focus of the labour market

Stanovnistvo ◽  
2009 ◽  
Vol 47 (2) ◽  
pp. 85-99 ◽  
Author(s):  
Danilo Sukovic
Keyword(s):  
Labor Market ◽  
Labor Force ◽  
Economic Crisis ◽  
Informal Economy ◽  
Global Economy ◽  
Working Life ◽  
Rapid Expansion ◽  
Economic Recovery ◽  
Formal Sector ◽  
Mutual Dependence

This paper analyzes the mutual dependence of the labor market and the population, since the supply of the labor force depends on population size and its structure. The demographic aspects of the labor market are especially analyzed and it is shown that the supply of the labor force does not depend only on the quantitative and qualitative characteristics of the population but that the mutual dependence of the labor market and demographic factors are much more complex and multiply expressive. An analysis of the key trends on the labor market presented in this paper indicates that the global economy requires an increasingly flexible labor force. In that sense, the forecasts of numerous economists and sociologists are based on the conviction that more and more people in future will become workers with a portfolio. They will posses a certain number of skills and qualifications which they will use to transfer from one job on to another during their working life. A continuous profession, namely a steady career, in today's sense of the word, will only a relatively small number of people have. It all goes in favor of the theory that having a 'job for your whole working life' is becoming a thing of the past. In this paper it is further concluded that for tracing the path for an efficient labor market, it should be considered that, during the nineties of the last century, there has been an increase in poverty and a change in population structure, not only because of a large inflow of refugees and internally displaced persons, but due to emigration of the younger population and an increase of the old, ill and dependant persons. All these changes greatly influenced the supply of the labor force, in a quantitative and qualitative way, and thus the strategy for increasing employment should be adjusted. The rapid expansion of the underground-informal economy must be added to all this, which grew rapidly in the nineties of the last century, naturally to the detriment of the formal sector. This paper especially stresses that the economic crisis has large unfavorable consequences on our labor market. The estimation of numerous experts indicate that after the economic recovery and end of the economic crisis, unemployment will still be very high and that the recovery of the labor market will be the slowest, namely that the effects of the economic recovery will reflect the slowest on the labor market, namely employment increase. For this reason it will be necessary to stimulate the reformative processes of the labor market so as to increase its efficiency and thus create conditions to rationally engage the large working potential of Serbia's population, which is one of the key prerequisites for larger economic growth and development.

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