Tools for Promoting Exports

2002 ◽  
Vol 37 (3-4) ◽  
pp. 48-68
Author(s):  
Pradeep Kumar Mehta
Keyword(s):  
Economic Development ◽  
Trade Policy ◽  
Transaction Cost ◽  
Export Performance ◽  
Competitive Market ◽  
Market System ◽  
World Export ◽  
Reform Period ◽  
The Impact

The role of trade policy as a tool of economic development has attained considerable significance in India, specially in the post-reform period. This has happened because the economy has witnessed a tremendous upsurge in the wake of globalisation and driven by a fiercely competitive market system. In this background, the paper examines the amendments incorporated in the basic framework of the five-year trade policy (2002-07) commencing on 31 March 2003. It also takes into account the trade related changes introduced through the Central Budget 2003. The paper has been organized around five major themes of the new trade policy, viz. identifying thrust areas for exports, strengthening vehicles of exports, rationalising incentives, reducing transaction cost, and involving states in export promotion. It attempts to examine the changes under each of them at length. It accesses the impact of these changes on country's export performance during 2003-04 in particular and, towards meeting the objective of one per cent share in world export by March 2007 in general. It also briefly indicates the areas such as labour laws in which the policy failed to take concrete initiatives.

Manufacturing vs. Services and the Role of Information Technology

2019 ◽  
pp. 416-430
Author(s):  
Arnab Adhikari ◽  
Shromona Ganguly
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Comparative Analysis ◽  
Structural Changes ◽  
Manufacturing Sector ◽  
Export Performance ◽  
Services Sector ◽  
The Impact ◽  
Role Of Information

The role of information technology is often debated in the context of economic development of the developing countries. In order to understand the role technology plays in the structural change of the economy, the chapter analyzes the case of India, which, according to many researchers, has experienced an “idiosyncratic” pattern of structural changes since its independence compared to many countries. This is evident from the fact that the growth of Indian economy has been driven by the services sector rather than manufacturing, which prompted many researches to conclude that India has leapfrogged the phase of industrialization. This chapter examines the impact of services-led growth and the role of information technology in India through a comparative analysis of manufacturing versus services in export performance and employment scenario. The chapter concludes that India needs a more broad-based policy of technology adoption, not only to sustain its services-led growth but also to boost its manufacturing sector as well as make the economic development more inclusive.

Manufacturing vs. Services and the Role of Information Technology

2018 ◽  
pp. 7234-7247
Author(s):  
Arnab Adhikari ◽  
Shromona Ganguly
Keyword(s):  
Information Technology ◽  
Economic Development ◽  
Comparative Analysis ◽  
Structural Changes ◽  
Manufacturing Sector ◽  
Export Performance ◽  
Services Sector ◽  
The Impact ◽  
Role Of Information

The role of information technology is often debated in the context of economic development of the developing countries. In order to understand the role technology plays in the structural change of the economy, the chapter analyses the case of India, which, according to many researchers has experienced an “idiosyncratic” pattern of structural changes since its independence compared to many countries. This is evident from the fact that growth of Indian economy has been driven by the services sector rather than manufacturing which prompted many researches to conclude that India has leapfrogged the phase of industrialization. This chapter examines the impact of services-led growth and the role of Information Technology in India through a comparative analysis of manufacturing versus services in export performance and employment scenario. The study concludes that the India needs a more broad based policy of technology adoption, not only to sustain its services led growth but also to boost its manufacturing sector as well as make the economic development more inclusive.

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

CONCEPTUAL PRINCIPLES OF ACHIEVING INTELLECTUAL LEADERSHIP

2021 ◽  
Vol 6 (2) ◽  
pp. 100-104
Author(s):  
Liudmyla Tsymbal
Keyword(s):  
Economic Development ◽  
Intellectual Capital ◽  
Global Economy ◽  
Physical Capital ◽  
Developed Countries ◽  
Educational Process ◽  
High Tech ◽  
The Impact ◽  
Intellectual Leadership

The article identifies the key conceptual foundations for the formation of intellectual leadership of economic entities, including countries as specific actors in the global economy. Thorough preconditions for increasing the level of economic development and the impact of education have been identified. It is determined that historical concepts and modern realities of economic activity only actualize the role of education and enlightenment in the economic development of the national economy and ensuring its competitiveness. The strategies of increasing the competitiveness of individual countries of the world are analyzed, their key priorities in the conditions of formation of the knowledge economy are determined. The evolution of views on the role of human and intellectual capital in increasing the welfare of countries, the impact on GDP and other macroeconomic indicators is described. The ratings of countries are analyzed, in particular by the level of investment in intellectual capital and the structure of their GDP, which confirms the dominance of science-intensive economic activities. In addition, it was determined that the leading countries are characterized by increasing the role of knowledge-intensive activities, increasing the share of intangible assets, redistribution of capital of leading international companies and increasing research spending, increasing investment in human and intellectual capital, increasing exports of high-tech products. Analytical assessment confirms the advanced development of science-intensive industries in countries with developed economies, which creates the need for training and retraining of specialists needed for such industries. In modern conditions, the educational process ceases to be predominantly the prerogative of young people, and becomes a lifelong process, which increases spending on education in developed countries, but without denying the significant asymmetries on this indicator. Research confirms the direct relationship between the quality of human and physical capital and economic development, which is typical of highly developed countries, one of the main reasons for the development lag of the poorest countries. In addition, the article substantiates the key factors of intellectual leadership and their impact on the development of economic development strategies.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

The Columbia Regional Geospatial Service Center System

2013 ◽  
pp. 926-937
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

The Columbia Regional Geospatial Service Center System

2012 ◽  
pp. 566-577
Author(s):  
P. R. Blackwell ◽  
Darrel McDonald
Keyword(s):  
Economic Development ◽  
Natural Resource Management ◽  
Rural Areas ◽  
Service Center ◽  
Federally Funded ◽  
Geospatial Technology ◽  
Funded Project ◽  
The Impact ◽  
And Training

During the past 20 years, the role of geospatial technology in society has increased dramatically. However, the impact of these technologies in rural areas remains minimal. In Texas, a federally funded project called the Columbia Regional Geospatial Service Center System (the System) has emerged as a model for bringing the benefits of geospatial technology to all portions of society. The model involves distributed, academically based Centers, each with regional specializations, linked together into a unified system for addressing critical needs in emergency response, economic development, and natural resource management. The Centers operate on three focus areas, i.e., data, applications, and training. The Columbia Center has been in operation for five years and has demonstrated the practical strength of the System through numerous local and statewide projects, responses to natural disasters, and other geospatial activities.

Global E-Government and the Role of Trust

2011 ◽  
pp. 1-19
Author(s):  
Jayoti Das ◽  
Cassandra DiRienzo ◽  
John Burbridge
Keyword(s):  
Economic Development ◽  
Empirical Study ◽  
Religious Diversity ◽  
Empirical Finding ◽  
Past Research ◽  
Level Of Economic Development ◽  
Cross Country ◽  
The Impact ◽  
Socio Economic Factors

Using cross-country data from 140 countries, this empirical study extends past research by examining the impact of trust on the level of e-government. The major empirical finding of this research shows that, after controlling for the level of economic development and other socio-economic factors, trust as measured by ethnic and religious diversity, is a significant factor affecting e-government usage.

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