scholarly journals China’s Experience in the Process of Financial Globalization

Author(s):  
Ekaterina Ryaskova

The article examines the country’s strategy to “enter” the process of financial globalization. China’s embrace of globalization differs from many countries. In globalization processes, the financial component began to play a key role, giving multidirectional impulses to the development of the world economy. Financial globalization has engulfed all developing countries, which began to deregulate financial markets and promote capital liberalization, exposing national systems to systemic risks. The author proves the nature of China’s policy of “entering” the process of financial globalization, alternative from other countries, and describes the stages of introducing restrictions on the flows of speculative capital, the development of the stock market, as well as step-by-step decisions of the authorities to liberalize the conditions for the entry of foreign capital into the country. The article proves that the “moderate” nature of China’s strategy, the late opening of financial markets gave positive results for the country’s economic growth and the stability of the financial system. At the moment, China is actively opening its economy to foreign investors and capital without “shocks” and sets itself the goal of becoming a player that forms the rules in the world market.

2019 ◽  
Vol 67 ◽  
pp. 06001 ◽  
Author(s):  
George Abuselidze ◽  
Olga Mohylevska ◽  
Nina Merezhko ◽  
Nadiia Reznik ◽  
Anna Slobodianyk

The article reveals the essence and features of the development of the stock market in Ukraine. It was established that the vigorous activity of countries in the world financial markets means that they also face a risk of global financial turmoil (the so-called “domino effect”). It is determined that the impact of global financial instability on the country depends on the openness of its economy that will lead to significant external “shocks”. The possibility of providing effective influence on domestic stock market activity with taking into account the changing world situation, development of perfect trading strategies for each participant is substantiated. The conducted analysis of the world market conditions of stock markets in recent years has made it possible to assess the real risks for new participants in the stock market and become the basis for the development of an appropriate effective trading strategy. The practical significance of the results is that they allow for a measurable approach to assessing the existing risk when choosing one or another trading strategy to move to the world stock market.


2019 ◽  
Vol 105 ◽  
pp. 04049
Author(s):  
Tatiana Skryl ◽  
Evgeniya Shavina ◽  
Elena Dotsenko

The conditions for the transition to sustainable development and new industrial transformation for resource-dependent countries are closely linked. With the increasing volatility of the world market of raw materials and finance, the innovative modernization of the extractive industries, as the basis of the new industrialization of the economy, is experiencing significant difficulties. The article analyzes the problems of transition of the resource-dependent Russian economy to sustainable development, associated with the slowdown of the process of new industrialization in the context of the world market volatility. The authors assessed the new industrialization of the Russian economy following the 5-year period of sanctions imposed by Western countries. The article provides a theoretical review of the concept of the influence of sanctions on transition to sustainable development. The authors concluded that the mineral resources export-oriented strategy of the Russian economy still gives positive results, although the internal structure of the Russian economy has not changed significantly.


Author(s):  
Alfonso Dufour

The COVID-19 crisis has had enormous costs. The effects on financial markets were exacerbated by panic, fear of the unknown, fear of the end of the world as we knew it. This panic obfuscated our ability to make rational predictions on future cash flows and asset values. Overall though, our economic system is bouncing back. We can learn from this experience and build more flexible models which can help us to better manage severe systemic risks.


2021 ◽  
pp. 6-9
Author(s):  
Мария Сергеевна Бордунова ◽  
Елизавета Дмитриевна Звегинцева ◽  
Людмила Павловна Липатова

Кофе - один из наиболее активно потребляемых на данный момент напитков. Сегодня производством и обработкой кофейных зерен занимаются более 70 стран мира. По данным ФАО, Бразилия и Вьетнам на протяжении многих лет занимают лидирующие позиции по производству кофе. При этом отмечается, что продажи кофе снижаются из-за насыщения рынка и других негативно влияющих факторов, таких как привычки к чаю или безалкогольным напиткам, увеличение неравенства доходов и проблемы со здоровьем. Авторами был проведен анализ ассортимента кофе на мировом рынке, включая элитные и эксклюзивные сорта кофе. Рассмотрены основные потоки производства и импорта кофейных зерен по странам мира, рассмотрены основные поставщики и производители кофе. Проведена экономическая и органолептическая оценка напитков кофе, оценка технологии производства некоторых брендов кофе, производящих зерновой, молотый, растворимый и капсульный кофе. Оценены преимущества и недостатки рассмотренных брендов, отмечено, что для придания потребительских свойств продукции мировые компании закупают кофейные зерна у поставщиков, обжаривают их и соединяют в различные купажи. В статье проанализированы предпочтения потребителей кофе в различных странах и способы удовлетворения данных предпочтений, проведено исследование среди студентов для определения потребительских предпочтений в разных видах кофе. Coffee is one of the most actively consumed beverages at the moment. Today, more than 70 countries are engaged in the production and processing of coffee beans. According to the FAO, Brazil and Vietnam have been leading coffee producers for many years. At the same time, it is noted that coffee sales are declining due to market saturation and other negative factors, such as tea or soft drink habits, increasing income inequality and health problems. Coffee production is based on two varieties of coffee beans: Robusta and Arabica. Based on this, the analysis of the range of coffee on the world market, including elite and exclusive varieties of coffee, was carried out. This article also examines the main flows of production and import of coffee beans in the countries of the world, the main suppliers and producers of coffee are considered. Today, in the coffee market, you can find a huge number of brands that offer coffee in various forms. An economic and organoleptic assessment was carried out, as well as an assessment of the production technology of some coffee brands that produce grain, ground, instant and capsule coffee. The advantages and disadvantages of the considered brands are noted. It was found that to give consumer properties of products, global companies buy coffee beans from suppliers, fry them and combine them into various blends. The article analyzes the preferences among coffee consumers in different countries and the ways to meet these preferences. Additionally, a study was conducted among students to determine the preferences of coffee consumers.


Author(s):  
Svitlana Pron

The role of multimodal transportation in the world market of transport services is defined in the article. Emphasis is placed on the significant pace of its development in a number of countries (first of all in the EU, the USA and China). It made it possible to minimize costs and increase interest to the countries in the international transportation system. It is established that development of multimodal (combined) transportation is considered to be promising in the growth of the transport system of Ukraine. International conventions and regulations of the world’s leading countries are analyzed. Typical features of multimodal transportation are singled out. Namely: implication of two or more modes of transport under one contract in the process of transportation; freight transportation under one document (through bill of lading); use of through tariff rate; presence of one of responsible parties – multimodal transport operator, that is responsible for freight from the moment of taking it under control up to the moment of its transfer to the consignee. Based on the study of the global trends in development of multimodal transportation, practices, which are of interest for further introduction in Ukraine, are defined. Namely: introduction of the effective transport policy in this field and creation of the regulatory base; development of multimodal transportation on the basis of the integrated approach, which provides for implementation of the relevant plans and programs; creation of multimodal transport system and new corridors; overcoming the infrastructural imbalance; construction of the modern multimodal logistic centers and their equipment; containerization of freight transportation; development of contrailer connections and expansion of the routes; improvement of services quality by introducing the latest innovative technologies for transportation process organization (use of electronic goods declaration; organization of digital transport corridors; electronic support of any chain of the freight delivery, use of the monitoring system for freight delivery control); implementation of the effective management system for risks arising in the process of multimodal transportation.


1999 ◽  
Vol 13 (2) ◽  
pp. 189-210 ◽  
Author(s):  
Franklin R Edwards

The Fed-engineered rescue of Long-Term Capital Management (LTCM) in September 1998 set off alarms throughout financial markets about the activities of hedge funds and the stability of financial markets in general. With only $4.8 billion in equity, LTCM managed to leverage itself to the hilt by borrowing more than $125 billion from banks and securities firms and entering into derivatives contracts totaling more than $1 trillion (notional). When LTCM's speculations went sour in the summer of 1998, the impending liquidation of LTCM's portfolio threatened to destabilize financial markets throughout the world. Public policy response to LTCM should focus on risks of systemic fragility and ways in which bank regulation can be improved.


Author(s):  
Valentyna Tropina ◽  
Natalia Yevtushenko

Relevance of the research topic. The strategy of social and economic development of Ukraine declares the European choice of the state. Accordingly, it is relevant to study the processes of Ukraine's integration into the world financial space and its regional subsystems in order to determine the strategic directions of the country's economic policy, taking into account the latest trends in the development of the world market. Formulation of the problem. With the acceleration of financial globalization, its impact on the country's economy and its financial component is substantially changing and intensifying, the processes of integration into the world financial space are becoming irreversible, and their impact on national economies is controversial, which requires further scientific research of the theoretical and applied aspects of integrating the financial system of Ukraine into European financial space. Analysis of recent research and publications. The problem of the influence of globalization on the financial systems of countries, the consequences of integration of the Ukrainian economy and its financial component into the global economic space and its regional subsystems is now quite widespread in scientific research. These are the works of famous scientists: Raghuram G. Rajan, D. Lukianenko, S. Lutsyshyn, A. Mozgovyi, L. Petkova, A. Rogach, K. Rogoff, J. Stolyarchuk, N. Stukalo, and others. Selection of unexplored parts of the general problem. At the same time, these issues are being updated in connection with the acceleration of financial globalization and the European choice of Ukraine, which requires the solution of a number of specific tasks related to the integration of Ukraine into the global financial space. Setting the task, the purpose of the study. The objective of the study is to analyze the latest trends in the development of the world financial system to justify the conditions and the main directions of the country's integration into the European financial space. The purpose of the study is to determine the main directions of Ukraine's financial eurointegration policy. Method or methodology for conducting research. The article uses a set of methods of scientific research: the system approach, statistical analysis, structuring, analysis and synthesis. Presentation of the main material (results of work). The influence of financial globalization on the development of the financial system of Ukraine is determined and the conditions and main directions of the country's integration into the European financial space are justified. The advantages of sectoral integration of Ukraine in the financial sphere are proved. The field of application of results. The results of this study can be applied in the process of forming and implementing the financial Eurointegration policy of Ukraine. Conclusions according to the article. With the acceleration of financial globalization, its impact on the economies of the countries and their financial component is substantially changing and intensifying. Accordingly, it is relevant for Ukraine to monitor the latest trends in the development of the global economy, the world financial system and its regional subsystems to determine the strategic priorities for reforming the financial system of Ukraine and timely and effective adjustment of the state's financial eurointegration policy.


2019 ◽  
Vol 110 ◽  
pp. 02035
Author(s):  
Dilyara Abdrakhmanova ◽  
Elena Karasik ◽  
Lenar Safiullin ◽  
Alexandra Scharonova

The development of economic processes in the contemporary world requires symmetrical efforts to guarantee the stability of markets as a whole and financial market in particular in the green economy. The development of financial markets happens depending on the evolution of economic systems and vice versa. In this connection, the issues of the adequate evolution of financial supervision become very urgent. The article considers the activity of the mega-regulator in Russia in the context of the world experience of active financial policy and regulation of financial markets in the green economy. The conceptual vision of the development of the mega-regulation of financial markets as immanent institute in the socio-economic system is stated.


2020 ◽  
Vol 2020 (1) ◽  
pp. 41-61
Author(s):  
Philipp Kartaev ◽  
Artem Chernichin

In this paper we introduce the results of the research about the impact of financial development on the decrease in deviation of the real inflation rate from the central bank’s stated target inflation rate. Using methods of cluster analysis and panel procedures on a sample of the countries, which at the moment of writing the research officially stated to adhere to a policy of inflation targeting, we show that improving characteristics of financial development benefit the success of an inflation targeting regime (in terms of achieving its desired goal). It is also stated that for emerging economies the most vital channels of this mechanism are the increases in the efficiency and in the stability of financial markets and institutions.


2020 ◽  
Vol 58 (2) ◽  
pp. 203-217
Author(s):  
Nikola Njegovan ◽  
Mirela Tomaš Simin

AbstractThe stability of business in an economy has always been the primary goal that is difficult to achieve, and inflation is most often used as its basic indicator. It is a signal of change in the general price level. The paper analyzes inflation and prices of agricultural and food products as a combined phenomenon, examines their causes and consequences in the Republic of Serbia. Particular importance is attached to the change in prices of agri-food products and the prices of inputs caused by the changes that are taking place at the global level, which are gaining increasing influence in the national context. The change in price parity and the influence of the world monopolistic structure on inflation are pointed out. It also points to the importance of demand, which causes inflation in less developed countries, and which results in higher food prices, additionally putting pressure on wage growth, which, as a rule, is not a consequence of productivity growth. The authors state that with the internationalization of business activities, there was a transfer of influence of international trends on the level and effects of inflation at the national level. Given the trends in the world market, it can be concluded that the prices of agri-food products will not decrease. However, they will - due to the pressure exerted by the constant growth of the population, i.e. on the demand side, demand inflation will constantly manifest.


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