Globalization

Author(s):  
Ronald Labonté ◽  
Arne Ruckert

Globalization is not a new phenomenon but the rise of industrialization and capitalism changed earlier periods of global expansionism to one that is dominated more by transnational corporations and global capital than by governments and their armies. Globalization is not a singular event, but a confluence of multiple, dynamic, and inter-linked processes. Some of these processes reflect changes in perceptions of time, space, and ideas, while others are shaped primarily by economic relations. The term, globalization, only began to replace an older concept (internationalization) in the 1990s, and was used principally to describe global market integration, hinting at the role economic interests have always played in what many in the world would now describe as ‘globalization’. In overviewing the entire book, this chapter also begins to engage in the debate: is globalization good for health, or bad for health?

2021 ◽  
Vol 13 ◽  
Author(s):  
Tuxliev Iskandar Suyunovich ◽  
Bobur Sobirov

The article describes how today, due to the rapid development of the digital economy and the development of advanced technologies in the near future, they represent a new type of economic relations in all sectors of the global market, which can become the main form of exchange of money around the world


Author(s):  
Francis Cai ◽  
Hannah Wong

This paper examines the effect of the adoption of international financial accounting standards (IFRS) on global capital market integration, measure by correlation matrix of the stock market index returns. We investigate a sample of countries that have adopted IFRS as their accounting standards for listed companies.  Our results are consistent with the suggestion that these markets will have a higher degree of integration among them after their IFRS adoption as compared to the period before the adoption. 


2021 ◽  
Vol 8 (20) ◽  
pp. 123-136
Author(s):  
Sabina Malikova

The dominant worldpowers, whose qualification of being a power center got stronger with globalization, have had a structure that affects everywhere. These powers could not be expected tore main in different to Central Asia. Because the Central Asia Region has an interesting structure with it srich underground and above ground resources. Considered as the first homeland of the Turks, Central Asia is a part of the world that has always been the domain of sovereignty wars in the historical process. The Turks, who have been living in Central Asia since the earliest times of history, have been in the struggle of the world's global powers. The great effects of the global competition, sometimes between the great powers with in there gionand sometimes by the powers outside the region, have always been felt. Russia and China have more opportunities in Central Asia than distant global powers. For this reason, various invasions, regional wars, division strategies, in short, power wars in Central Asia have become an unchangeable fate. Inthisstudy, the economic relations in Central Asiaand the position of the global powers, which can also be named as Great Powers, were evaluated with the method of theoretical analysis. As a result of this evaluation, it has been determined that the economic interests of the great powers of the world are effective on the basis of even various regional, ethnological and religious conflicts. Especially Russia and China's divide-and-rule policy has been the determinant of the fate of the Central Asian people for the last three centuries. It was as if the set wopower sagreed with each other and shared and invaded the regions and as a result, the poverty of the societies in Central Asia increased while the exploitation order they formed strengthened themselves.


Author(s):  
Ronald Labonté ◽  
Arne Ruckert

Notwithstanding the threat of infectious pandemics, non-communicable diseases (NCDs) are now the leading cause of preventable mortality and morbidity in all regions of the world except Africa. The rise in NCDs, especially in the developing world, is very much a result of global market integration, trade and investment liberalization, and the growth in the reach and power of transnational corporations whose stock-in-trade are health-harmful commodities (tobacco, alcohol, and obesogenic foods). The modern global governance challenge of what are now referred to as the ‘commercial determinants of health’ is the extent to which such commodities are regulated by governments, passed over to corporate social (self-) responsibility, or seen as an amalgam of the poor lifestyles of individuals in need of a behavioural ‘nudge’. The World Health Organization, the lead international organization developing responses to the NCD threat, must confront powerful member nations representing powerful corporate interests resistant to regulatory change.


Author(s):  
S. Tsyganov ◽  
V. Syzonenko ◽  
N. Tsyganova

The essence of transnationalization as a special stage of globalization of economy is investigated. The essence of transnational corporations (TNCs) is revealed, their place in the system of international economic relations is determined. The role of TNCs in the context of their particular impact on the integration of national enterprises into the world economy and the main causes of the transnational capital movement at the present stage are analyzed. The new forms of the influence of transnationalization on the development of a competitive environment in the world economy are considered. The peculiarities of national base of transnational corporations and their branch specialization are analyzed. The problems and contradictions of the functioning of the TNC as the basis of the development of the world economy at the present stage and the changes in their activities as a result of the evolution of global processes and the intensification of the use of information and communication technologies are considered. The prospects of innovation and investment cooperation of Ukraine with TNCs as a powerful mechanism for the emergence of a long-term financial and economic crisis are proposed. Attention is drawn to the problems of attracting small and medium enterprises in the network of TNCs.


2022 ◽  
pp. 50-66
Author(s):  
Natalya Yurievna Rodigina ◽  
◽  
Vladislav Igorevich Musikhin ◽  
Ofeliia Andranikovna Azarova ◽  
Maria Vladimirovna Logina ◽  
...  

The research looks at the export of educational services as one of the promising spheres for the development of international economic relations. The study focuses on the experience of developed supplier and recipient countries. The theoretical basis of the study is formed by the typology of ways to export services proposed in the General Agreement on Tariffs and Trade. The importance of the issue under consideration is due, among other things, to the fact that, according to forecasts, the number of foreign students wishing to obtain higher education will increase to 150 million in 2025, and the volume of exports of higher education will reach $30 billion, which is 3 % of the total volume of trade in OECD services. Most prior research focuses on methodological aspects of education; however, the experience of foreign countries is presented in a limited scope. Using the example of the USA in the context of the management training program, it is shown that a fairly broad methodological system is used abroad, allowing specialists from all over the world to acquire the necessary skills and develop competencies. It is obvious that the pandemic has led to a sharp reduction in the number of foreign students in Germany, as in other exporting countries of educational services. Of particular interest is the EdTech market, which is attractive in terms of its size and growth rates. The key barriers to the global market of educational services are, among other things, increased competition, the presence of a larger number of exporters-providers of educational services, more active classes at mass open online courses, active use of mobile devices; the use of learning models that include personalized and blended learning methods; increasing the degree of confidentiality of data; active development of the institute of continuing education in conjunction with the active use of advanced training courses and vocational training. The research is expected to provide valuable information about the balance of powers on the global market of educational services and will serve as an information base for further scientific research in the field.


2006 ◽  
pp. 309-319 ◽  
Author(s):  
Clifford L. Staples

In a recent synopsis of theories and findings on transnational corporate ties published in this journal, Nollert (2005) argues that while there may be good theoretical reasons to hypothesize the emergence of a Transnational Capitalist Class (tcc), to this point there is relatively little empirical evidence, aside from Sklair’s (2001) work, to support the claim that such a class exists or is forming. However, a few researchers have attempted to apply the study of interlocking directorates to the search for a network of transnational directors who might be in a position to form such a class. Drawing on empirical findings on the world’s largest transnational corporations and banks reported elsewhere (Staples 2007a; Staples 2007b), as well as additional analyses done specifically for this paper, I argue that studies that rely exclusively on transnational corporate interlocks dramatically underestimate the extent of the tcc network because such studies count only transnational connections between corporations and miss transnational connections within corporations—connections that have grown more numerous in recent years as corporate boards have become more multinational, largely as a result of the concentration of global capital. Counting both between and within transnational capitalist connections points to a far greater level of capitalist transnationality than is suggested by focusing exclusively on between corporate connections, as has been done in this work so far. And while the existence of such a network falls well short of convincing proof that a tcc exists, it does show that capitalists from different countries increasingly have opportunities to interact as they work together to run the world’s largest corporations, and it is out of such interactions that we would expect a tcc to emerge.


Author(s):  
E. Smirnov

In the context of digitalization in the world, competition is intensifying, lead-ing to a significant transformation of international business and a change in the development strategies of global digital platforms in the global market. The article analyzes and summarizes the prevailing approaches to competition and antitrust policy in the context of the “platformization” of the world economy and its impact on international economic dynamics.


Sign in / Sign up

Export Citation Format

Share Document