Hong Kong’s Economy Treading on Slippery Ground

2019 ◽  
Vol 11 (01) ◽  
pp. 67-79
Author(s):  
Yang ZHANG ◽  
Sarah Y TONG
Keyword(s):  
Global Economy ◽  
Domestic Demand ◽  
Infrastructure Projects ◽  
Robust Performance ◽  
Economic Relations ◽  
Steady Growth ◽  
External Demand ◽  
New Challenges ◽  
Economic Ties ◽  
New Infrastructure

Hong Kong’s economy is projected to have grown by 3.2% in 2018, a moderation from a buoyant 3.7% in 2017. This relatively robust performance was sustained by healthy domestic demand and a steady growth in external demand. Economic ties with the Mainland continued to strengthen, with completed and new infrastructure projects. For 2019, however, Hong Kong’s economy faces new challenges, related both to uncertainties in the global economy and possible deterioration in China-US economic relations.

scholarly journals Recovery After the Covid-19 Pandemic: the Case of Peruvian Tourism

2021 ◽  
Vol 4 (1) ◽  
pp. 13
Author(s):  
Jorge Torres Zorrilla
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Economic Recession ◽  
Domestic Demand ◽  
The Other ◽  
Domestic Economy ◽  
Demand Growth ◽  
The North ◽  
External Demand ◽  
Tropical Coast

The situation Peru is facing with the global COVID-19 pandemic and the economic recession during this 2020 constitutes the worst crisis over the last 100 years. This economic recession has not happened since the crisis of 1980. GPD may decline by 15 % this year. Also, the perspective on global economy is terrible and a sharp contraction of global GDP is expected. On the other hand, the period between 2020 and 2021 will be considered as years of economic development lost. Specifically, receptive tourism in Peru is in danger of extinction because of the pandemic. Activity in the tourism market, which gives employment to 1.4 million people who are mainly women, is in total collapse. This article aims to make a proposal to help tourism sales recover their position as the most important section of service exports in Peru. The proposal is intended to encourage a non-traditional form of tourism in the tropical coast of the north of the country that should complement the traditional archeological tourism. The conclusions make emphasis on the fact that, at present, Peru is not exploiting its historical richness or using its comparative advantage in tourism, which could become a leading sector of domestic economy. Finally, our thesis is based on the notion that, from 2021 onwards, the recovery of the Peruvian economy must necessarily be based on exploiting the recovery of external demand rather than putting our trust in domestic demand growth.

scholarly journals The Political-Military Foundations of China’s Global Ascendency

2019 ◽  
Vol 25 (2) ◽  
pp. 420-448
Author(s):  
Aaron Major ◽  
Zhifan Luo
Keyword(s):  
United States ◽  
Global Economy ◽  
Regional Distribution ◽  
The United States ◽  
Power Dynamics ◽  
Investment Bank ◽  
Economic Relations ◽  
Global Power ◽  
Military Networks ◽  
Economic Ties

In recent years China has positioned itself as a global economic leader, working through its “Belt and Road” initiative (BRI) and Asian Infrastructure Investment Bank (AIIB), to not only expand its global economic reach, but to organize and lead global economic relations. China’s rise is largely understood in economic terms, but the history of global power dynamics suggests that such leadership is built on both economic and political-military foundations. This paper explores the structural relationship between China’s economic and political-military relationships with other states over the period 1993 to 2015. Drawing on a wide variety of data sources, we present a multi-dimensional analysis that measures the changing size of China’s economic and political-military networks, their shifting regional distribution, and the degree of coupling, or decoupling of economic ties from political-military ties. In describing these patterns, we conduct a similar analysis for the United States. This allows us to situate Chinese trends in the context of the structures of U.S. global power. Our analysis points to ways in which China’s global rise has been shaped through navigating U.S. global power. Our analysis also shows that China’s growing leadership in the global economy builds upon a set of existing political-military relationships that, while their scope and form are quite different from those that the United States built to support its hegemonic ascendency, are nevertheless critical for understanding the mechanisms by which Chinese power and influence has grown in the global political economy.

Foreign Economic Ties of Russia: from Trade to Production and Investment Model

2013 ◽  
pp. 43-53
Author(s):  
R. Zuikov
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Model Transformation ◽  
Investment Model ◽  
Development Model ◽  
High Tech ◽  
Economic Relations ◽  
The World ◽  
Economic Ties ◽  
Cooperation System

The problem of transition to innovation economic development type in Russia is regarded in the article as interdependent with the model of external economic relations (EER), in the context of positions held by Russia in the global economic cooperation system. The theoretical consideration of the innovation high-tech economy development problem in Russia, its full-fledged integration into global economy is suggested on the ground of the world-system and geo-economical approaches methodology conjunction. The author attempts to define possible ways of the EER model transformation which allow to overcome constraints and to use positive factors of the global economic system in order to form the innovation high-tech development model in Russia.

TRENDS IN THE DEVELOPMENT OF ECONOMIC RELATIONS OF ISRAEL IN THE MIDDLE EAST

2019 ◽  
pp. 13-24
Author(s):  
Evgenii V. Palamarenko ◽  
Keyword(s):  
Middle East ◽  
Russian Language ◽  
Economic Relations ◽  
Trade Relations ◽  
Major Trading Partner ◽  
Economic Interaction ◽  
History Of ◽  
Close Cooperation ◽  
Economic Ties ◽  
Israeli Economy

The lack of Russian-language research on the features of the economic development of Israel as an OECD member state underlines the urgent need to identify new trends in the Israeli economy. Not taking into account the existing variety of humanitarian studies, and especially the concentration of studies on the political history of Israel and its modern component, we can recognize a clear lack of work that would cover Israeli economy. Current trends in Israeli trade relations, which have begun to make the mselves clear, require both consideration of effective trade and economic interaction between Israel and Palestine, and identification of the peculiarities of hidden regional trade and economic ties. Israel and Palestine are in close cooperation on the exchange of labor and goods, despite the lack of a political settlement. For Palestine, Israel is a major trading partner, and Palestine plays a key security role for Israel. The second important aspect in covering new trends in the Israeli economy may be the need to study the nascent format of cooperation between Israel and the Middle East. The article explores the specifics of economic relations between Israel and the countries of the Middle East, reveals the growing role of economic relations between Israel and the countries of the region.

Dangerous Harvest

2004 ◽  
Keyword(s):  
Cultural Landscapes ◽  
Plant Production ◽  
Agricultural Activity ◽  
External Demand ◽  
Military Conflicts ◽  
Global Problems ◽  
Foreign Policies ◽  
The Stability ◽  
Economic Ties

The global drug trade and its associated violence, corruption, and human suffering create global problems that include political and military conflicts, ethnic minority human rights violations, and stresses on economic development. Drug production and eradication affects the stability of many states, shaping and sometimes distorting their foreign policies. External demand for drugs has transformed many indigenous cultures from using local agricultural activity to being enmeshed in complex global problems. Dangerous Harvest presents a global overview of indigenous peoples' relations with drugs. It presents case studies from various cultural landscapes that are involved in drug plant production, trade, and use, and examines historical uses of illicit plant substances. It continues with coverage of eradication efforts, and the environmental impact of drug plant production. In its final chapter, it synthesizes the major points made and forecasts future directions of crop substitution programs, international eradication efforts, and changes in indigenous landscapes. The book helps unveil the farmer, not to glamorize those who grow drug plants but to show the deep historical, cultural, and economic ties between farmer and crop.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

KAZAKHSTAN’S POSITION IN THE ECONOMIC COOPERATION WITH OTHER COUNTRIES OF CENTRAL ASIA

2021 ◽  
Vol 22 (2) ◽  
pp. 110-121
Author(s):  
Karlygash MUKHTAROVA ◽  
Yermukhambet KONUSPAYEV ◽  
Klara MAKASHEVA ◽  
Karim SHAKIROV
Keyword(s):  
Central Asia ◽  
Economic Model ◽  
Raw Materials ◽  
Economic Cooperation ◽  
Asian Countries ◽  
Regional Economic ◽  
Economic Relations ◽  
Central Asian ◽  
Central Asian Countries ◽  
Economic Ties

Improving the forms and mechanisms of regional economic integration, deepening the mutual understanding on the formation of an economically and politically secure integrated space, expanding trade and economic relations, elaborating joint actions to maintain regional peace and stability, creating a single information space are among the key areas that have become the basis of cooperation among the Central Asian region (CAR) states. The authors reveal the positive aspects of cooperation among the CAR countries—Kazakhstan, Kyrgyzstan, Uzbekistan, Turkmenistan, and Tajikistan. First and foremost, these include common historical roots, linguistic and cultural similarity, convenient geographical location and established economic ties, which allow the states of Central Asia (CA) to establish a deeper and more active understanding of each other, to solve economic and political problems related to finding and realizing domestic investment potential and expanding regional trade and economic ties. The joint establishment of international transport corridors and infrastructure will help reduce the transport costs for Central Asian countries that supply export products to external markets, which is an important area of ​​cooperation in Central Asia. In addition, the economic problems that exist among the regional countries largely determine the nature of relations between them. Future solution of problems determines the subsequent viability of the Central Asian Regional Economic Cooperation (CAREC) and the regional development prospects. Based on the use of economic research tools, the authors examine the problems caused by the COVID-19 pandemic and their impact on the state of trade and economic relations between the regional states. Post-crisis plans for economic recovery in the Central Asian countries will be developed and implemented in the context of the need to solve the present-day problems associated with the gradual lifting of quarantine measures. In this regard, the quickest possible transition of economies to an upward growth trajectory should launch the expansion of trade and economic cooperation and ties among the Central Asian countries. The authors emphasize the fact that another important problem within CAREC is the fact that CAR economies are dominated by raw materials, which does not solve the problems of reducing social inequality and improving the welfare of the regional population. For this reason, Kazakhstan, like other Central Asian countries, is currently in search of a new economic model. The transformation is crucial because the country needs to overcome its excessive long-term dependence on the export of oil and raw materials. The new economic model should be focused on further industrialization and diversification of the economy, on the search for new innovative approaches and development strategies.

Burundi reform hopes stand at a crossroads

2021 ◽  
Keyword(s):  
Infrastructure Projects ◽  
Content Type ◽  
New Infrastructure

Significance Since taking office last June, Ndayishimiye has taken small steps in this direction, but the progress and outlook remain mixed. Impacts Ndayishimiye’s attempts to mend ties with neighbouring Rwanda may enjoy the most success among his new initiatives. Burundi hopes a planned new rail link with Tanzania can help boost mining exports, but funding the USD1.9bn project may prove challenging. New infrastructure projects will be crucial for Burundi’s economy after years of anaemic growth, now exacerbated by the COVID-19 pandemic.

scholarly journals Over the horizon: Exploring the conditions of a post-growth world

2018 ◽  
Vol 6 (1-2) ◽  
pp. 117-141 ◽  
Author(s):  
Timothy Crownshaw ◽  
Caitlin Morgan ◽  
Alison Adams ◽  
Martin Sers ◽  
Natália Britto dos Santos ◽  
...  
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
Growth Conditions ◽  
Ecological Impacts ◽  
Paradigm Change ◽  
Limits To Growth ◽  
Economic Discourse ◽  
Natural Systems ◽  
Steady Growth ◽  
Economic Paradigm

Maintaining steady growth remains the central goal of economic policy in most nations. However, as evidenced by the advent of the Anthropocene, the global economy has expanded to a point where limits to growth are appearing. Facing the end of growth requires a careful re-examination of plausible future conditions. We draw on a diverse literature to present an interdisciplinary exploration of post-growth conditions in the areas of climate change, ecological impacts, governance, and education, finding that such conditions may invalidate many prevalent assumptions regarding the future. The post-growth world, while subject to significant uncertainty and heterogeneity, will be characterized by profound hazards and discontinuities for both human and natural systems. Furthermore, we argue that an economic paradigm change will be predicated on an involuntary and unplanned cessation of growth. This implies a necessary strategic expansion of the heterodox economic discourse to formulate appropriate responses in view of likely post-growth realities.

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