scholarly journals The role of Ukraine’s economic cooperation with international financial and credit organizations in the context of inclusion of Ukraine to the world economic system

2019 ◽  
Vol 2019 (52) ◽  
pp. 295-308
Author(s):  
Oleksandr Korniyaka
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
Economic Cooperation ◽  
World Bank Group ◽  
International Financial Institutions ◽  
The World ◽  
Key Factor ◽  
World Economic ◽  
High Level ◽  
The Impact

The article is devoted to the analysis of the history of economic cooperation with the international financial and credit organizations in the context of the development of integration processes regarding the inclusion of the Ukraine's economy to the world economic system. The issues of cooperation of the Ukrainian state with the International Monetary Fund, the World Bank Group, the European Bank for Reconstruction and Development in the direction of financial and credit support for the reform of the public, municipal and private sectors of the economy are investigated. The factors that prevent effective cooperation with the International Financial Organizations are identified and threaten the desire for further integration of the Ukrainian economy into the world economic system, based on the analysis of the amount and purpose of financial and credit resources allocated by the International Financial Organizations. The main negative factors are: political incoherence and lack of awareness of the importance and necessity of Ukraine's cooperation with International Financial Organizations; ineffective work of specialists and employees that involved in the process of developing and implementing projects and programs of Ukraine's cooperation with International Financial Organizations; bureaucracy in the approval of Projects and Cooperation Programs with International Financial Institutions; high level of abuse and opacity of the use of credit facilities of International Financial Institutions; low rates of implementation of Ukraine's Economy Reform Plans and Programs, taking into account the requirements of International Financial Institutions as one of the main components of providing financial and credit assistance. Studies of the impact of international cooperation in the sphere of monetary relations on the process of modernization of Ukraine and its integration into the world economic system have shown that the cooperation of the Ukrainian state with the International Financial Organizations has become a key factor in intensifying integration and modernization processes.

scholarly journals The impact of world economic crisis on global currency war

2015 ◽  
Vol 67 (4) ◽  
pp. 391-410
Author(s):  
Pero Petrovic ◽  
Dusko Kostic
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
World Bank Group ◽  
Financial Flows ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
World Economic Crisis

The article examines how the deepening of the world economic crisis impacts global financial flows and performance of international financial institutions, with focus on two issues: 1) did the decrease of the Euro means the beginning of the global currency war?; 2) is there any sort of banks? ?conspiracy? in the world gold market? Long-term financial crisis demands a decisive reform measure to mend the functioning and structure of the IMF, World Bank Group and other global and regional financial institutions. This means that the outcome of their policies has been inadequate, so far, and that their role is subjected to a critical observation in finding an efficient performance of financial markets. Beijing is becoming more generous lender for a large number of the low-performing countries, offering them the significant support in Yuans due to Chinese geopolitical interests. China and Russia in the field of economic development are strongly complemented: the scope of cooperation is very broad, and there is a strong potential for the establishment of other world currencies, which would suppress the U.S. dollar as the dominant currency in global commodity and financial transactions. The authors conclude that the struggle to increase the competitiveness of the national state, at the expense of others, continues in the era of the deepest global financial crisis.

IMPACT OF THE DIGITAL ECONOMY ON THE REFORM PROCESS OF INTERNATIONAL FINANCIAL INSTITUTIONS

2020 ◽  
Vol 2 (12) ◽  
pp. 131-134
Author(s):  
I. A. STRELETS ◽  
Keyword(s):  
Economic System ◽  
Financial Institutions ◽  
International Organizations ◽  
Financial Crises ◽  
Large Scale ◽  
Digital Economy ◽  
Reform Process ◽  
International Financial Institutions ◽  
The World ◽  
World Economic

The article is devoted to the analysis of the influence of the digital economy on the modification of the behavior of economic entities both at the level of individual actors and at the level of international organizations. Financial crises at the beginning of the XXI century. found the need to reform the financial system and carry out large-scale reforms in international financial institutions. These reforms apply to such a large and authoritative organization as the IMF. The future of the organizations being reformed and the prospects of the world economic system as a whole depend on how successful and effective the reforms will be.

scholarly journals Economic crisis impact on international financial institutions: The necessity for reforms

2013 ◽  
Vol 65 (2) ◽  
pp. 160-184
Author(s):  
Pero Petrovic ◽  
Zeljko Jovic
Keyword(s):  
Economic Crisis ◽  
World Bank ◽  
International Monetary Fund ◽  
Financial Institutions ◽  
World Bank Group ◽  
International Financial Institutions ◽  
The World Bank ◽  
The World ◽  
Bank Group ◽  
The International Monetary Fund

The emergence and deepening of the global economic crisis is reflected in large part on the functioning of international financial institutions and their current structure. The long-term financial crisis has placed demands for decisive reform moves in the functioning and structure of the IMF, the World Bank Group and other global and regional financial institutions. This means that so far, the results of their policies have been inadequate and that their role is subject to critical observation finding an efficient performance of financial markets. The crisis has imposed the need to reform international financial institutions and the new global financial architecture. Changes in structure and their functioning should lead to the global economic stability. Members of the Euro zone are faced with a new attitude towards the international financial institutions and the International Monetary Fund, in particular. The proclaimed missions of the International Monetary Fund and the World Bank are clearly separated in theory, but with the passing of time, their activities have become increasingly intertwined, so that they often include a name - international financial institutions.

DEVELOPMENT TRENDS OF THE AGRICULTURAL SECTOR IN UZBEKISTAN

2021 ◽  
Vol 4 (5) ◽  
pp. 50-56
Author(s):  
Lochinbek Faizullaevich Amirov ◽  
Keyword(s):  
Economic Growth ◽  
Financial Institutions ◽  
Agricultural Sector ◽  
Economic Conditions ◽  
International Financial Institutions ◽  
Development Trends ◽  
The World ◽  
Main Driver ◽  
The Republic ◽  
The Impact

This article is devoted to ensuring the sustainability of the agricultural sector of the economy of Uzbekistan and the organizational and economic conditions created in this area. Particular attention is paid to the priorities outlined in the Strategy for the Development of Agriculture of the Republic of Uzbekistan for 2020-2030, and the tasks for their implementation, ensuring the achievement of forecast development parameters, the participation of international financial institutions in turning this sector into an industry. the main driver of economic growth. The aspects of the impact of the coronavirus pandemic on agriculture in the world and in Uzbekistan were considered, measures taken to mitigate its consequenceswere described

scholarly journals Analysis of the effect of coronavirus (covid-19) on the development of the world economic system

2020 ◽  
Vol 3 (11) ◽  
pp. 143-156
Author(s):  
N.M. Makhmudov ◽  
Alimova Guzal Alisherovna ◽  
A.A. Kazakov
Keyword(s):  
Economic System ◽  
Stock Markets ◽  
The World Bank ◽  
The Us ◽  
The World ◽  
World Economic ◽  
Global Stock Markets ◽  
National Economies ◽  
The Impact ◽  
Global Stock

The article provides a comprehensive analysis of the impact of the coronavirus COVID-19 on the global economic system. In particular, the authors analyze the onset of a pandemic and the characteristics of the new coronavirus. The conclusions about the unpreparedness of the world community for global threats caused by the outbreak of the disease are supported by the World Bank's arguments about the unpreparedness of countries for catastrophic epidemics. The authors combined the main threats identified by the World Bank into a single system. COVID-19 has had a significant impact on global stock markets. With the increase in the number of people infected with coronavirus, the tension among investors also grew. By the end of February this year, a crash occurred in the US stock markets, the authors attribute it to an underestimation of the spread of the virus, and as a result, this led to the breakdown of many trading chains and the lack of certainty and stability. The article also analyzes the impact of coronavirus on the economy of key countries of the world. It also examined the economic mechanisms used by these countries to mitigate the effects of COVID-19 and support the economy. In conclusion, key conclusions were drawn about the impact and consequences of COVID-19 on national economies and the global system.

Aid from the Federal Republic of Germany to Africa

1986 ◽  
Vol 24 (4) ◽  
pp. 577-601 ◽  
Author(s):  
Rolf Hofmeier
Keyword(s):  
United States ◽  
International Trade ◽  
Federal Republic ◽  
Economic System ◽  
Financial Institutions ◽  
The United States ◽  
Federal Republic Of Germany ◽  
International Financial Institutions ◽  
Market Structures ◽  
The World

THE Federal Republic of Germany is one of the major pillars of the group of western industrialised capitalist countries, and this largely determines its rôle in international financial institutions, and its attitudes to the global economic system and market structures. The F.R.G. is second in the world, behind the United States, expressed by its share of the monetary volume of total international trade, but the proportion of exports relative to G.N.P. is much higher than in America and slightly more than in Japan.

The Curse and Theft of Natural Riches: Environmental Crimes and Violations of Indigenous Rights Throughout History Facilitated by Legal and Financial Systems

2014 ◽  
Vol 52 (1-2) ◽  
pp. 93-154
Author(s):  
Emilio C. Viano
Keyword(s):  
Natural Resources ◽  
First Nations ◽  
Indigenous Peoples ◽  
Financial Institutions ◽  
Critical Criminology ◽  
Indigenous Rights ◽  
International Financial Institutions ◽  
The World ◽  
The Right ◽  
The Impact

Summary“Sharing” the Wealth? Minerals, oil, timber, medicines and now genetic wealth, all play a major role in development and all are the source of conflict, dispute and violations of indigenous peoples’ centuries-old rights. The driving force behind the relentless conflict between indigenous peoples and the waves of outsiders making forceful contact with them is the search for resources. Driven by an increasing realization that the Earth's riches are limited and at the same time by the fierce competition that globalization and economic policies have unleashed, and using increasingly sophisticated technology, both for discovery and exploitation, states and multinationals have been motivated and able to go, literally, where no outsider has gone before.The natural resources located in some of the Earth's most remote or inhospitable locations became especially available for exploitation when a number of new states sprung up in the post-World War II, postcolonial period. Elites and dominant groups, empowered to maintain security and promote trade, spurred by multinationals’ offers that they could not refuse and by international financial institutions loans and grants ”developed” natural resources, often igniting conflicts with indigenous nations. Frequently, these clashes led to the growth of the military, to arm races to ensure the monopoly on “development”, to authoritarian and corrupt regimes, and to the opposite of what was expected, increased poverty and inequality.The conflict is over the very issue of who owns the resources — a question that has been central to the rise of nationalism and the assertion of “ethnic” identity throughout the world. First Nation peoples realize that without their resource base, they have no future. They also believe that modem states, some of them relatively young, cannot legitimately claim resources that nation peoples have utilized and maintained for centuries. The manner in which this is done is also the subject of fierce disputes (e.g. damage or destruction of ancestral lands, food and water sources, way of life, income).States have traditionally received considerable help from other states and international organizations in appropriating the resources of indigenous peoples. Ironically, the improving economic conditions worldwide and the growing wealth of many in emerging economies have made this hunt and exploitation of natural resources even more urgent and seemingly legitimize it, given the increasing demand for consumer goods and technological items.Worldwide, multinational development industries help states to seize resources and put them up for sale on the world market — especially through “obvious” projects such as mining, oil exploration, and hydroelectric development.One issue is never, or at best rarely, addressed: Who owns the resources to begin with? Whose agreement is needed before proceeding? What is an equitable formula for sharing the earnings and mitigate displacement and environmental pollution and destruction? Laws introduced in the past few decades by ruling groups often deny first nations’ claims to their resources. Such laws, many indigenous groups argue, do not take precedence over their prior claims to resources. At stake are not only the issue of ownerships, but also the value of resources and who has the right to manage, extract and consume them. It is also a question of survival and identity.This work of critical criminology reviews the historical record of “exploration” and exploitation of resources showing that it is not a new phenomenon but rather a chronic situation that indigenous peoples have endured throughout the centuries. It examines the role that the state, the multinationals and the international financial institutions play in this clash over resources when indigenous peoples’ rights are often ignored, stepped upon and disregarded. It critically examines current efforts, treaties and policies meant to recognize and respect Native peoples’ rights. It shows that current measures are not truly addressing the key issues and that a concerted effort must be undertaken to change the equation and dynamics of power, dominion and use of the earth's riches.Development must be redefined, crafted and targeted in the right way taking into account and respecting all legitimate claims to the earth's wealth, especially those of the “First Nations” that have suffered throughout the centuries the impact of colonialism, racism, and wholesale theft of their riches on the part of the “developed” world.

scholarly journals The impact of globalization on the evolution of relations and property rights

2021 ◽  
Vol 129 ◽  
pp. 09013
Author(s):  
Mikhail Nikolaev ◽  
Marina Shamsutdinova ◽  
Rinas Nagimov
Keyword(s):  
Property Rights ◽  
Economic Analysis ◽  
Economic System ◽  
Institutional Structure ◽  
Economic Power ◽  
Market Behavior ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
New System

Background of the study: Various aspects of the interaction between globalization and property have been considered by many authors. However, their elaboration is clearly insufficient today, taking into account the growing economic disequilibrium of the world economic system which is expressed in frequent crises and attempts to reform property. Another premise is connected with the contradictory impact of globalization on the nature of the evolution of property which is manifested in the increasing turbulence of economic processes and sometimes accompanied by the rejection of the emerging model of globalization. An important role is also played by the presence of conditions under which globalization leads to the deformation of property and owner’s rights. The purpose of the article: is to study and disclose the mechanisms of the impact of globalization on the transformation of relations and property rights. Methods: abstract-logical; economic analysis; historical. Conclusions: 1. The influence of globalization on the evolution of property is carried out through the unification of the rules of market behavior or by changing the institutional structure. 2. The contradictory impact of globalization on property is a source of education, along with traditional, its new forms that temporarily remove contradictions. 3. Globalization leads to the formation of a new system of property rights with a radical redistribution of economic power in society which raises the question of the need for appropriate, possibly supranational control.

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