A Critique of Economics as Applied to The World System: Open Economy and Imperialism International Trade and Imperialism

2012 ◽  
pp. 127-138
Keyword(s):  
International Trade ◽  
Open Economy ◽  
World System ◽  
The World

scholarly journals Gains from trade: The Costa Rican case

2019 ◽  
Vol 37 (2) ◽  
pp. 71-90
Author(s):  
Alonso Alfaro Ureña
Keyword(s):  
International Trade ◽  
Costa Rica ◽  
Foreign Trade ◽  
Open Economy ◽  
Small Open Economy ◽  
Costa Rican ◽  
Gains From Trade ◽  
Input Output ◽  
Economic Literature ◽  
The World

One of the oldest and most interesting questions in the economic literature is how to quantify the gains from trade. Recently, Costinot & Rodríguez-Clare (2014) (CRC) developed a methodology that uses the World Input Output Database (WIOD) to compute this value for a list of countries. Costa Rica has never been part of this database given the lack of appropriate data. However, with the publication of a new Input Output Table for Costa Rica, the Foreign Trade Ministry (COMEX) was able to develop a domestic version of the WIOD that includes the country.  This paper presents the results of the CRC methodology using this version of the WIOD to compute gains from trade for the Costa Rican economy. Counterfactual exercises that compare the current situation with autarky and other average tariff levels using different productive structures and competition schemes in the economy are also presented. The results can provide valuable information on how much a small open economy like Costa Rica’s can benefit from international trade, and what are the differences in the results when compared to similar countries.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

To the discussion about the modern world order

2020 ◽  
pp. 35-41
Author(s):  
A. Mustafabeyli
Keyword(s):  
Soviet Union ◽  
Intergovernmental Relations ◽  
World System ◽  
Main Tool ◽  
World Order ◽  
Modern World ◽  
The Soviet Union ◽  
The World ◽  
And Behavior ◽  
Second World

In many political researches there if a conclusion that the world system which was founded after the Second world war is destroyed of chaos. But the world system couldn`t work while the two opposite systems — socialist and capitalist were in hard confrontation. After collapse of the Soviet Union and the European socialist community the nature of intergovernmental relations and behavior of the international community did not change. The power always was and still is the main tool of international communication.

scholarly journals Maritime sector at verge of change: learning and competence needs in Finnish maritime cluster

2021 ◽  
Vol 20 (1) ◽  
pp. 63-79
Author(s):  
Vesa Kilpi ◽  
Tomi Solakivi ◽  
Tuomas Kiiski
Keyword(s):  
International Trade ◽  
Environmental Regulation ◽  
Vocational Training ◽  
Technological Development ◽  
Rapid Change ◽  
Maritime Industry ◽  
Maritime Logistics ◽  
The World ◽  
Equipment Manufacturing ◽  
University Level

AbstractShipping plays an important role in the world, transporting over 80% of international trade and employing over 1.5 million seafarers. The maritime industry, including shipbuilding and equipment manufacturing, is extensive. Both of these interconnected businesses are facing rapid change caused by increasingly speedy technological development and the tightening of environmental regulation. This survey-based research analyzes the current and future competence needs of firms operating in maritime logistics and the maritime industry. The findings indicate that in both contexts, the increasing importance of various general competences is understood and the need is recognized in particular to improve those related to environmental regulation as well as technology and automation. Overall, the gap between current and desired levels of competence is expected to widen. In terms of education, this is likely to affect vocational training and university-level learning differently in that functional competences are emphasized more in the former and social and meta-competences in the latter.

scholarly journals Trade credit, trade income elasticity and the international transmission of shocks

2021 ◽  
Author(s):  
Anna Watson
Keyword(s):  
International Trade ◽  
Open Economy ◽  
Trade Credit ◽  
Income Elasticity ◽  
Heterogeneous Firms ◽  
Firm Level ◽  
Macroeconomic Shocks ◽  
Cyclical Fluctuations ◽  
Irish Data ◽  
The Impact

AbstractThe paper examines the impact of trade credit on cyclical fluctuations in international trade. It provides new empirical evidence based on firm-level UK and Irish data showing that exporters use trade credit more actively and intensively than non-exporters. The study introduces inter-firm lending into an open economy general equilibrium model with heterogeneous firms and endogenous entry into the exports market. It demonstrates that trade credit amplifies the impact of macroeconomic shocks on international trade both along the intensive and extensive margins and that it significantly contributes to the high trade income elasticity observed in the data.

The Reasoning Structure in Legal Disputes on the International Trade of Biotechnology: From a Judicial Balance by Chance to a Judicial Balance by Design

2021 ◽  
pp. 1-16
Author(s):  
Alessandra GUIDA
Keyword(s):  
International Trade ◽  
World Trade Organization ◽  
World Trade ◽  
Technology Innovation ◽  
Global Scale ◽  
Trade Restrictions ◽  
Competing Interests ◽  
The World ◽  
National Economies ◽  
Biotech Products

The international trade in biotech products boosts national economies and advances scientific as well as technology innovation. However, while trading these products increases the spread of benefits on a global scale, it also increases risks to human health and the environment (ie biosafety). This is because the effects of this technology on biosafety are still highly uncertain. Against this background, the judicial bodies under the World Trade Organization (WTO) find themselves in the middle of an intricate and polarised debate in which a proper judicial balance between free trade and biosafety becomes fundamental in order to determine whether requests for ensuring human and environmental health justify trade restrictions. This paper aims to highlight that the WTO is institutionally unready for balancing economic and non-economic values. In suggesting how to rationalise the judicial balance between the competing interests in the context of biotechnology, this paper demonstrates that the judicial adoption of a well-structured proportionality analysis can turn the current balance by chance into a balance by structure.

State, Law and Community in the World System: an Introduction

1992 ◽  
Vol 1 (2) ◽  
pp. 131-142 ◽  
Author(s):  
Boaventura De Sousa Santos
Keyword(s):  
World System ◽  
State Law ◽  
The World
Sign in / Sign up

Export Citation Format

Share Document