scholarly journals The Discussion on Fostering New Competitive Advantage of China’s Foreign Trade Enterprises in the Post Economic Crisis Era

2016 ◽  
Author(s):  
Xin CHENG
Keyword(s):  
Foreign Trade ◽  
Competitive Advantage ◽  
Economic Crisis

The Impact of Sanctions on North Korea’s Foreign Trade from the Perspective of the Comparative Advantage Theory

2019 ◽  
pp. 4-15
Author(s):  
I. A. Korgun ◽  
G. D. Toloraya
Keyword(s):  
Foreign Trade ◽  
Competitive Advantage ◽  
National Economy ◽  
North Korea ◽  
Rent Seeking ◽  
Economic Transformation ◽  
Global Trade ◽  
Negative Consequences ◽  
The North ◽  
The Impact

The presented study analyzes the opportunities for North Korea to capitalize on its competitive advantages in foreign trade in the context of sanctions.Aim. The study aims to identify mechanisms that allow North Korea to engage in foreign trade in circumvention of UN sanctions and to analyze their impact on the national economy.Tasks. The authors analyze the structure of North Korea’s national economy, its initial competitive advantage, identify the specific features of North Korea’s foreign trade in the context of sanctions, and determine the consequences of illicit trade in circumvention of sanctions for the national economy.Methods. This study uses an interdisciplinary approach that combines the classical theory of competitive advantage with the concept of rent seeking, with the concept of rent seeking and analysis of trade flows.Results. The study shows that, despite the restrictions imposed by sanctions, North Korea strives to make the most of its advantages, such as resource availability and cheap labor, in global trade. The country builds its own export-import chains in circumvention of sanctions. These chains are rather mobile, flexible, and controlled by the elite. As a result, benefits from trade that could be evenly distributed among the population are concentrated in the hands of a narrow segment of society. ‘Rent seeking’ makes it possible to formulate the negative consequences of these processes for the North Korean economy and the international community.Conclusions. Solving the North Korean issue requires an economic transformation in the country through the replacement of restrictive sanctions with more constructive ones. The exclusion of North Korea from open global trade leads to the country’s marginalization and impairs the transparency of international commodity flows.

TRANSFORMATION OF FOREIGN TRADE POLICY AMID THE COVID-19 PANDEMIC

2021 ◽  
pp. 74-82
Author(s):  
Vladimir M. Kutovoi ◽  
Keyword(s):  
Foreign Trade ◽  
Trade Policy ◽  
National Security ◽  
Economic Crisis ◽  
Foreign Investment ◽  
International Investment ◽  
Investment Climate ◽  
Foreign Trade Policy ◽  
Investment Policies

The ongoing coronavirus pandemic has seriously affected the international investment policies of the G20 countries. There has been a growing trend to introduce measures with reference to the protection of national security aiming at countering threats that may be associated with foreign investment. Given the role of international investment in alleviating the economic crisis, governments should continue to improve the investment climate while protecting their national security interests.

New Perspectives on Rosa Luxemburg’s Critique of Global Capitalism

2012 ◽  
Vol 11 (1) ◽  
pp. 27-37 ◽  
Author(s):  
Peter Hudis
Keyword(s):  
Foreign Trade ◽  
Economic Crisis ◽  
Capital Accumulation ◽  
Global Capitalism ◽  
First Century ◽  
The Other ◽  
Internal Dynamic ◽  
Capitalist Development ◽  
The One ◽  
Better Than

AbstractThe global economic-financial downturn has given new impetus to a re-examination of Rosa Luxemburg’s writings on capitalist accumulation and economic crisis, which pinpointed the central contradiction of capitalism in its drive for global expansion. In this article I critically engage Luxemburg’s theory of capital accumulation and crisis by evaluating it in comparison with the central categories of Volumes One and Two of Marx’sCapitalon the one hand, and the quest for an alternative to capitalism in the twenty-first century on the other. I argue that Marx’s procedure in Volume Two ofCapital, in which he abstracts from realization crises and foreign trade in order to discern the “law of motion” of capital freed from secondary and tertiary considerations, captures the internal dynamic of capitalist development and crises far better than its Keynesian and neo-Keynesian alternatives.

Strategies for business excellence under an economic crisis

2014 ◽  
Vol 26 (6) ◽  
pp. 610-624 ◽  
Author(s):  
Evangelos P. Afthonidis ◽  
George D. Tsiotras
Keyword(s):  
Literature Review ◽  
Competitive Advantage ◽  
Economic Crisis ◽  
Research Work ◽  
Strategic Plan ◽  
Business Community ◽  
Added Value ◽  
Total Quality ◽  
Content Type ◽  
Business Excellence

Purpose – The purpose of this paper is to reveal the appropriate course of actions of any executive toward attaining business excellence, under the limitations and particular conditions that arise in an economic crisis environment. Design/methodology/approach – This paper takes the approach of an extended literature review. Findings – Business excellence is an ideal path for any enterprise which seeks the attainment of a strong competitive advantage in times of economic crisis. This path, through the implementation of the principles of Total Quality Management, leads to a strategic plan that helps the enterprise not only to survive but also to strengthen its position while exploiting opportunities that arise during the recession. The basic elements of such a plan are the satisfaction of all customers and stakeholders, the quest for innovation and the implementation of an aggressive policy in marketing and investments. Toward this target, the most crucial elements are the involvement of the management and, second, the commitment and efforts of all human resources. Practical implications – The business community and specifically the higher management of any company could reformulate its strategic plan according to the findings of this survey, in order to gain a sustainable competitive advantage over competition. Originality/value – On the basis of extended literature review, there has been no research work to connect the strategic thinking of enterprises and their management with business excellence in times of economic crisis, which is attempted in this paper. The added value of attaining this goal during harsh times should be a beacon for the higher management in its quest for sustainable competitiveness.

scholarly journals Competitividade do complexo cafeeiro: uma análise a partir do market share e das vantagens comparativas simétricas

2012 ◽  
Vol 38 (1) ◽  
Author(s):  
Vanderlei José Sereia ◽  
Márcia Regina Gabardo da Camara ◽  
João Amilcar Rodrigues Anhesini
Keyword(s):  
Foreign Trade ◽  
Competitive Advantage ◽  
Market Share ◽  
Research Problem ◽  
Public And Private ◽  
Share Model ◽  
Methodological Procedures ◽  
Trade Competitiveness ◽  
Constant Market Share ◽  
Gains And Losses

O objetivo deste artigo é analisar o comportamento dos principais indicadores de comércio exterior do complexo cafeeiro brasileiro entre 1990 e 2007. O Brasil é o maior produtor e exportador mundial de café e seu maior rival internacional é o Vietnã. O problema a ser estudado trata da evolução da competitividade - ganhos e perdas - do café brasileiro no período. O estudo discute os fundamentos econômicos sobre o comércio internacional,os indicadores internacionais de competitividade e caracteriza a dinâmica do complexo cafeeiro brasileiro. O problema a ser estudado é a evolução da competitividade, de forma a verificar ganhos e perdas de participação no comércio exterior, a partir de indicadores de comércio. Os procedimentosmetodológicos utilizados para verificar a existência de vantagens e analisar os indicadores de comércio exterior são o modelo Constant Market Share e as vantagens competitivas reveladas simétricas (CRVS) do café brasileiro (verde, torrado, solúvel e especial) em relação aos países concorrentes. Discutem-se as barreiras às importações impostas ao café brasileiro pelos países importadores e as possíveis políticas públicas e privadas favoráveis à competitividade das exportações de café. O artigo verifica a existência de vantagens e os principaisindicadores de comércio exterior sinalizam a expansão das exportações. O estudo conclui que o complexo cafeeiro é competitivo, especializado na exportação de café verde e tem baixa participação nos mercados de café torrado, solúvel e bebidas que contém café.Competitiveness in the cofee industry: an analysis from the market share and simetric revealed comparative advantageAbstract: The aim of this paper is to analyze the behavior of the main indicators of foreign trade in Brazilian coffee industry between 1990 and 2007. Brazil is the largest producer and exporter of coffee and Vietnam is the major rival in international market. The research problem to be studied is the evolution of competitiveness of Brazilian coffee, in order to verify gains and losses in foreign trade. The study discusses the fundamentals internationaltrade, international competitiveness indicators and characterized the dynamics of Brazilian coffee complex. The research objective is to verify the existence of competitive advantage in exports of coffee complex. The methodological procedures used to verify the advantages and analyzethe indicators of foreign trade are the Constant Market Share model and revealed symmetric competitive advantage (RSCAs) of Brazilian coffee (green, roasted, soluble and special) in relation to competing countries. We discuss the import barriers imposed on Brazilian coffee by importing countries and the possible public and private policies conducive to competitiveness of exports of coffee. The article notes that there are advantages and the main indicators of foreign trade indicate the expansion of exports. The study concludes that coffee is competitive and specializedin the export of green coffee and has low participation in the markets for roasted coffee, soluble and drinks containing coffee.Key-words: international trade; competitiveness; exportations coffee.JEL: F10; F17; F19.

Romania's Foreign Trade and of Other Former Communist Countries in 2003-2012

2014 ◽  
Vol 3 (3) ◽  
pp. 19-31
Author(s):  
Marian Zaharia ◽  
Aniela Balacescu ◽  
Radu Serban Zaharia
Keyword(s):  
Czech Republic ◽  
Statistical Analysis ◽  
Foreign Trade ◽  
Economic Crisis ◽  
Significant Decline ◽  
Eu Countries ◽  
Comparative Statistical Analysis ◽  
Communist Countries ◽  
The Impact ◽  
The Eu

During 2003-2012, economies of most EU countries, have gone through periods of growth and decline, the most significant decline being recorded in 2009, due to strong economic crisis which has affect the EU and not only. The main purpose of this article is to assess the impact that the economic crisis has had on each of the five former communist countries analyzed, namely Romania, Czech Republic, Poland, Hungary and Bulgaria. This study is a comparative statistical analysis of evolutions of the volumes of exports and imports both within EU and outside. It also, are analyzed their trade balances evolutions, and were identified, for three of them, among which Romania, valid models of evolution for the period under review.

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