scholarly journals Assumptions of the Global Economic Crisis and Its Inception in the Spring of 2020 Due to the COVID-19 Pandemic

2020 ◽  
Vol 15 (2) ◽  
pp. 191-212
Author(s):  
Alexey Portanskiy ◽  
◽  
Yulia Sudakova ◽  
Alexander Larionov ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
International Organizations ◽  
Global Economy ◽  
World Economy ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
International System ◽  
The World ◽  
Global Economic Crisis

Analytical agencies, as well as international organizations, have identified significant threats to the development of the world economy, increasing the likelihood of a new global financial crisis in late 2020–early 2021. The main challenges to the system come from trade wars that could lead to a crisis in the international system of trade regulation, a decrease in the effectiveness of public policy instruments, and a deterioration in the dynamics of global economic growth. An important factor leading to a slowdown in the global economy in 2020 will also be the coronavirus pandemic, although it is difficult, in the first half of 2020, to assess its final impact. The combination of these negative factors, coupled with the unresolved problems of the 2008 global financial crisis, significantly increases the likelihood of a new global economic crisis which could surpass the Great Depression of the 1930s. This study systematizes the main forecasts by international organizations and analytical agencies for the growth of the world economy and considers various theoretical concepts to identify the symptoms of the impending crisis. Ultimately, this article offers options for reducing the negative impact of the crisis on Russia. In connection with the coronavirus pandemic, preliminary estimates have been made of the likely damage to the world economy and the prospects for its recovery.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

scholarly journals The Impacts of Global Financial Crisis on Construction Sector in Turkey

2014 ◽  
Author(s):  
Fatih Kürşat Fırat ◽  
Esra Soyu
Keyword(s):  
Financial Crisis ◽  
Construction Industry ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Gdp Growth ◽  
Construction Sector ◽  
Global Crisis ◽  
Mortgage Crisis ◽  
The World ◽  
Global Economic Crisis

The global crisis in United States began as the form of the mortgage crisis in the housing market. Profound effects the financial crisis emerged in 2008 spread rapidly throughout the world as a result of globalization and also its effects were felt in our country. Both in earlier crises and the emergence and spread of the global economic crisis in the cyclical indicators are known to play an important role. There are different opinions on this subject in the literature. It is seen that there is a relation between the global crisis in the financial sectors and the construction sector based on mostly housing industry. Especially in the developing countries like Turkey, the construction sector, which is an important contribution to the economic growth, is seen negatively affected by the global crisis. The aim of this study is to analyze the variations occurred in the construction industry during the 2008 global economic crisis and is to introduce how the construction sector is affected by the crisis. Here, Turkey's main economic indicators during the crisis are examined considering the construction sector and GDP growth rates. As a result of this study, it is put forward that the construction sector in Turkey is one of the sectors most affected by the global crisis.

scholarly journals The Financial Crisis in the 2000s: Further Effects Regarding Lending, Regulation and Efficiency

2021 ◽  
Vol 15 (2) ◽  
pp. 155-175
Author(s):  
Benedikt FRANK
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
Global Economy ◽  
Best Practice ◽  
Global Financial Crisis ◽  
Central Element ◽  
Bank Profitability ◽  
Global Economic Crisis ◽  
Underlying Causes ◽  
The Global Financial Crisis

The global financial crisis starting in 2007 was a central element of the new millennium and had a major impact on the global economy. This paper deals with the underlying causes and fundamental conditions as well as research and insights on the financial crisis in the area of liabilities and future lending, effects of regulations and bank resilience, as well as the changes in the banking industry in relation to the determinants of profitability. With three hypotheses developed on the basis of existing literature, that is critically evaluated and appraised, the paper aims to explore the global economic crisis from perspectives and origins beyond the often analysed triggers. The focus is on the pivotal point of the economic crisis: the banks and their international interconnectedness regarding lending, durability, and efficiency. Among other things, the findings revealed that the effect of the external funding shock on banks' domestic lending is significant, strong regulation, characterized as one-size-fits-all international best practice, is not always the blueprint for bank resilience and that efficiency has been a determining factor in bank profitability. Furthermore, no paradigm shift took place after the global economic crisis, and banks still seem to have to be rescued by the state in the event of bankruptcy due to their size.

Prospects for the Development of a Systemic Global Economic Crisis

2019 ◽  
Vol 7 (1) ◽  
pp. 4-7
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Business Cycles ◽  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Developed Countries ◽  
Modern World ◽  
Way Of Life ◽  
Half Wave ◽  
The World ◽  
Global Economic Crisis

The work is devoted to forecasting the prospects for the development of a systemic economic crisis of the world economy. Forecasting is carried out on the base of N. Kondratyev econometric models of cycles in the world economy and the economies of the largest countries of the modern world. The results obtained allow us to establish that the beginning of Kondratiev’s upward halfwaves relates to the years 1999–2001. The expected duration of the period of the modern Kondratyev cycle is 50–54 years. The results of the study of the dynamics of the world economy, the results of studies of the economic dynamics of developed countries shows that the start of the upward half-waves of the Kondratieff cycle is expected in 1999–2001 goals. It can be associated with the transition to dominance of the fifth technological order, the emergence of the sixth way of life and the beginning of the death of the fourth technological way. The completion of the downward wave of this Kondratiev cycle and the systemic global economic crisis associated with the transition to the dominance of the sixth technological order should expected in 2049–2055. Since the likelihood of economic crises with business cycles, financial and investment cycles begins to increase with the transition to the downward half-wave of the Kondratyev cycle, from 2024–2027 one can expect a deepening of periodic crisis phenomena in the global economy.

Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

2018 ◽  
pp. 48-62
Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Control Mechanisms ◽  
Economic Dynamics ◽  
Western Economy ◽  
The World

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.

The Global Financial Networks

2018 ◽  
Author(s):  
Dariusz Wójcik
Keyword(s):  
Public Finance ◽  
Financial Crisis ◽  
World Economy ◽  
Global Financial Crisis ◽  
Global Network ◽  
Financial Networks ◽  
Business Services ◽  
Dynamic Framework ◽  
The Core ◽  
The World

The chapter outlines the concept of the global financial networks, defined as networks of the financial and business services firms, and their activities linking financial centres, offshore jurisdictions, and the rest of the world. It is a concept that helps to map finance, place it on the map of the world economy, and analyse the latter in a dynamic framework accounting for the forces of globalization and financialization. At the core of the global financial networks lies the global network of securities centres, focused on the creation, distribution, and circulation of securities, which contributed to the recent global financial crisis. Major trends reshaping the global financial networks include the rise of regulation and public finance, technologies connecting investors, borrowers and lenders with each other, and a potential geo-financial shift towards Asia.

The Study of Symbiosis Question of Clusters Enterprise Value Chain in the “Post Crisis Era” - A Perspective Based on Value Network and Grid

2013 ◽  
Vol 291-294 ◽  
pp. 2845-2848
Author(s):  
Hua Bai Bu ◽  
Shi Zhen Bu
Keyword(s):  
United States ◽  
Economic Crisis ◽  
Value Chain ◽  
Theoretical Basis ◽  
World Economy ◽  
The United States ◽  
Enterprise Value ◽  
Value Network ◽  
The World ◽  
Global Economic Crisis

Along with the constant evolution of the world economy, the global economic crisis which was following the United States sub-prime loans crisis has entered “post crisis era”. However, it is still not resolved that this crisis has highlighted the problem of abnormal inner structure of clusters enterprise value chain in our country, and some developmental obstacles coexist in the cluster enterprises. This article addresses the realities of the “post crisis era” with value network and Grid as the starting points and puts forward a symbiotic path of cluster enterprises value chain, and then provides a theoretical basis for the decision about the symbiosis.

MECHANISMS OF STRUCTURAL REFORMING OF CHINA’ ECONOMY IN THE CONTEXT OF DEVELOPMENT OF THE TRADE CONFLICT WITH THE USA

2019 ◽  
pp. 31-44
Author(s):  
Evgeniy N. Smirnov
Keyword(s):  
Financial Crisis ◽  
World Economy ◽  
System Analysis ◽  
Global Financial Crisis ◽  
Raw Materials ◽  
Problem Analysis ◽  
The World ◽  
Analysis And Synthesis ◽  
The Usa ◽  
Relationship Of

The world economy recovers from global financial crisis slowly and unevenly that calls a question about efficiency and advantage of economic globalization for the countries of the world. Developing countries recovered from global financial crisis of 2008–2009 comparative quickly, and it was promoted in many respects by the high prices of raw materials and low levels of debt of these countries. NowChinatakes leader positions in the international capital flow and world trade. Globalization had significant effect on scales of the involvement of the country into world economic communications that became one of the reasons of overheating of national economy. The economy ofChina, besides the increasing overheating potential, begins to be under pressure from the trade conflict initiated by theUSA. In these conditions problems of structural reforming ofChina’ economy, on that depend competitive positions of the country in the world economy depend, become aggravated. In modern Sinology, the problems of trade conflicts between countries are studied very fragmentally. Approaches of the author are based on the results previously obtained by Russian scientists Y. M. Galenovich, A. P. Mozias, M. L. Titarenko, and theoretical developments of leading research centers. Historical approach, comparative, system analysis and synthesis, prognostic and problem analysis were used as instrumental scientific methods in the research presented in the article. The author's ideas are based on the hypothesis of the relationship of «overheating», appearing in the economies with the growth of economic contradictions and conflicts between them.

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