scholarly journals The impact of COVID-19 Crisis on the Global Economy and the North American Hegemonic Cycle: A reading

2020 ◽  
Vol 27 (38) ◽  
pp. 9-28
Author(s):  
Patrícia Nasser de Carvalho ◽  
Elói Martins Senhoras

Based on the theorical framework that considers contextual and structural long-term perspectives of world hegemonic cycles and transitions of global powers, the aim of this reading is to critically analyze the ongoing and potential impact of the pandemic in the light of a conjunctural and historical perspective. The hypothesis is that although the COVID-19 crisis has already had deep negative impact on the global economy and represents a perfect storm for the US hegemony, seeing as the country is being challenged by many factors with strong magnitude and adverse effects, indeed it would not generate an immediate terminal crisis of the North American hegemony. Just in the long run the COVID-19 pandemic has the potential to trigger another world hegemonic power. The reading is based on the theoretical perspectives of world hegemonic cycles in international relations and is methodologically characterized as an explanatory and descriptive study and is built on a bibliographic review for the collection of theoretical and historical data.

Author(s):  
Sunkung Danso

This paper uses a systematic literature review to discuss US-China trade tension. The study discusses the US-China trade tension and its impact on the global economy because the US-China trade war is imminent at the point in time since President Trump came to power in 2016. This research aims to examine how US-China trade tension is unfolding and the significant change of this trade tension on the world economy. The systematic literature review was engaged to capture the sequence of the event as they are happening between the US and China with regards to trade barriers. This research reviewed 19 peer-review journals and some news items and WTO resources relevant to this study. This study revealed that the US-China trade tension has affected consumer goods to some extent but it may not affect the global economy currently. However, it is evident that in the long-run; the US-China trade war will have an impact on the lives of people and the global economy if the issue continues to intensify. In conclusion, the economy of the US has declined drastically by 0.8% while China also experience 0.4% fall in the economy in 2019. The impact is currently not severe on the global economy but if the tension continues it might have a negative impact on the global economy. The trade deficit is getting wider between China and the US.


Author(s):  
Cliodhna McDonough ◽  
Emily Lockey

Pharmaceutical, healthcare and biotech companies have been at the forefront of the COVID-19 response, from drug trials and vaccine development to the production of personal protective equipment (PPE) and ventilators. The industry has a unique ability and responsibility to help the world respond to the global pandemic, both by working collaboratively to deliver solutions to the virus and also by maintaining the supply of medically important products to those who need them. As in all industries, business in the sector has been disrupted by the virus. This is largely driven by a reduction in healthcare provider and patient interactions as hospitals redirect resources toward COVID-19, and patients avoid healthcare facility visits and postpone preventative care. The impact on specific companies will depend on the diversity of their portfolio and their largest revenue areas. For example, roughly two thirds of Merck’s global Human Health revenue is comprised of physician-administered products and decreased volumes during the pandemic are expected to have a negative impact on revenues. Whilst much of the pandemic impact will be short term, peaking over the next quarter in conjunction with the peak of the virus in the US and Europe and settling towards the end of the year, it is likely we will see some long term structural change in the industry as global attitudes towards health shift in the wake of the pandemic.


2013 ◽  
Vol 93 (5) ◽  
pp. 839-850 ◽  
Author(s):  
Mercedes Borja-Bravo ◽  
José Alberto García-Salazar ◽  
Rhonda K. Skaggs

Borja-Bravo, M., García-Salazar, J. A. and Skaggs, R. K. 2013. Mexican fresh tomato exports in the North American market: A case study of the effects of productivity on competitiveness. Can. J. Plant Sci. 93: 839–850. The North American market for fresh tomatoes (Lycopersicon escolentum Mill.) involves a complicated web of bilateral trading relationships between the United States, Mexico and Canada. Trade in fresh tomatoes between the three countries has changed significantly in recent years. In particular, Mexico's share of total US fresh tomato imports from all countries decreased from 93 to 88%, while Canada's share of US fresh tomato imports increased from 3 to 11% between 1996 and 2009. Mexico's declining competitive position in the US fresh tomato market is also evidenced by the fact that the Mexican share of combined Mexico–Canada exports to the United States decreased from 97% to 89% between 1996 and 2009. A spatial and inter-temporal model was used to analyze the impact of increased Mexican tomato yields on the North American fresh tomato market. Results indicate that for the average year between 2005 and 2008, 20% higher yields would have resulted in a 15.1% increase in Mexico's tomato production and a 28.9% increase in fresh tomato exports from Mexico to the United States. As a result of higher Mexican tomato sector productivity, Canadian and US producers’ shares of the US fresh tomato market would decrease and Mexico's would increase from 35.0 to 41.9%. The model shows that Mexico's share of US fresh tomato imports from both Mexico and Canada would grow from 88.1 to 90.3% as a result of the increased productivity. These results lead to the recommendation that increasing yields of this important export crop are key to maintaining and increasing the North American market competitiveness of Mexican-produced fresh tomatoes.


2018 ◽  
Vol 2 (2) ◽  
pp. 83-103
Author(s):  
Fatiha MOKHTARI ◽  
Abdelouahab CHENIKHAR

This research study aims at assessing the impact of the Algerian Dinar exchange rates variations on the Algerian trade balance during the period from 1990 to 2016.To achieve such an aim, we adopted a measuring model that suits local economy reality. The chosen model assessment was carried out by means of the OLS method and the cointegration test to notice if there are long term relationship between the dependent variable and interpreting ones. Econometrics analysis showed that exchange rate variations have negative impact on trade balance as an inverse relationship exists between exchange rate variations and trade balance, which is the exact opposite of what is stated by economic theory, the cointegration test showed no relations at all between dependent and interpreting variables in the long run. We concluded that Granger causality test gave results which rule out any causal relationship between dependent and independent variables as immediate response functions test showed weak trade balance response to any shock due to exchange rate variations of the local currency during the studied period.


2019 ◽  
Vol 25 (4) ◽  
pp. 464-492 ◽  
Author(s):  
Stefanie Ruel ◽  
Albert J. Mills ◽  
Jean Helms Mills

Purpose The authors focus on “writing women into ‘history’” in this study, embracing the notion of cisgender and ethnicity in relation to the “historic turn”. As such, the authors bring forward the stories of the US Pan American Airway’s Guided Missile Range Division (GMRD) and the White women who worked there. The authors ask what has a Cold War US missile division to tell us about present and future gendered relationships in the North American space industry. Design/methodology/approach The authors apply Foucault’s technology of lamination, a form of critical discourse analysis, to both narrative texts and photographic images in the GMRD’s in-house newsletter, the Clipper, dating from 1964 until the end of 1967. They meld an autoethnography to this technique, providing space for the first author to share her experiences within the contemporary space industry in relation to the GMRD White women experiences. Findings The authors surface, in applying this combined methodology, a story about a White women’s historical, present and future cisgender social reality in the North American space industry. They are contributing then to a multi-voiced, cisgender/ethnic “historic turn” that, to date, is focused on White men alone in the US race to the moon. Social implications The social implication of this study lies in challenging perceptions of the masculinist-gendering of the past by bringing forward tales of, and by, women. This study also brings a White woman’s voice forward, within a contemporary North American space industry organization. Originality/value The authors are making a three-fold contribution to this special issue, and to an understandings of gendered/ethnic multi-voiced histories. The authors untangle the mid-Cold War phase from the essentialized Cold War era. They recreate multi-voiced histories of White women within the North American space industry while adding an important contemporary voice. They also present a novel methodology that combines the technology of lamination with autoethnography, to provide a gateway to recognizing the impact of multi-voiced histories onto contemporary and future gendered/ethnic relationships.


2006 ◽  
Vol 36 (3) ◽  
pp. 551-564 ◽  
Author(s):  
Deborah S Page-Dumroese ◽  
Martin F Jurgensen ◽  
Allan E Tiarks ◽  
Felix Ponder, Jr. ◽  
Felipe G Sanchez ◽  
...  

The impact of forest management operations on soil physical properties is important to understand, since management can significantly change site productivity by altering root growth potential, water infiltration and soil erosion, and water and nutrient availability. We studied soil bulk density and strength changes as indicators of soil compaction before harvesting and 1 and 5 years after harvest and site treatment on 12 of the North American Long-Term Soil Productivity sites. Severe soil compaction treatments approached root-limiting bulk densities for each soil texture, while moderate compaction levels were between severe and preharvest values. Immediately after harvesting, soil bulk density on the severely compacted plots ranged from 1% less than to 58% higher than preharvest levels across all sites. Soil compaction increases were noticeable to a depth of 30 cm. After 5 years, bulk density recovery on coarse-textured soils was evident in the surface (0–10 cm) soil, but recovery was less in the subsoil (10–30 cm depth); fine-textured soils exhibited little recovery. When measured as a percentage, initial bulk density increases were greater on fine-textured soils than on coarser-textured soils and were mainly due to higher initial bulk density values in coarse-textured soils. Development of soil monitoring methods applicable to all soil types may not be appropriate, and more site-specific techniques may be needed for soil monitoring after disturbance.


2021 ◽  
Vol 144 ◽  
pp. 30-43
Author(s):  
Viktoriya V. Perskaya ◽  

The impact of the “pandemic 2020” is analyzed both in the short term and taking into account the long-term trend in order to restore national economic sovereignty by national economies; factors of the promotion of economic globalization — the activities of multinational/multinational companies, the US promotion of unilateral sanctions, the level of economic freedom bordering on the ultimate criterion for the loss of national economic sovereignty; financialization of the global economy as a factor in its growth; the dependence of world development on the level of GVCs formed and the existing specialization of the economies of the world, which made them unable to ensure sovereignty, security and health of the nation; it was concluded that the “pandemic 2020” acts as a catalyst for the restructuring of the world economies towards polycentrism and ensuring real reasonable sovereignty, without denying the potential of either vertical or horizontal cooperation and economic interaction


2006 ◽  
Vol 36 (6) ◽  
pp. 1527-1535 ◽  
Author(s):  
Jungho Baek

This paper examines structural changes and the dynamics of price relationships in the United States (US), British Columbia, Quebec, and Ontario lumber markets. With monthly price series from 1981 to 2002, I used Perron's method to identify structural shifts and the Johansen cointegration analysis and vector-error correction model to determine both short- and long-run price relationships. I found that because of restrictions on federal timber harvests in the Pacific Northwest, price instability experienced in 1992 has caused structural shifts for the US and Canadian lumber prices. I also found that the North American lumber market is indeed integrated, with the US price significantly affecting Canadian prices in both the short and long run. This further indicates that the US market plays a dominant role in price setting in the North American lumber market, as Canadian prices respond to the US price change, but the reverse situation does not occur.


Author(s):  
Aref Emamian

This study examines the impact of monetary and fiscal policies on the stock market in the United States (US), were used. By employing the method of Autoregressive Distributed Lags (ARDL) developed by Pesaran et al. (2001). Annual data from the Federal Reserve, World Bank, and International Monetary Fund, from 1986 to 2017 pertaining to the American economy, the results show that both policies play a significant role in the stock market. We find a significant positive effect of real Gross Domestic Product and the interest rate on the US stock market in the long run and significant negative relationship effect of Consumer Price Index (CPI) and broad money on the US stock market both in the short run and long run. On the other hand, this study only could support the significant positive impact of tax revenue and significant negative impact of real effective exchange rate on the US stock market in the short run while in the long run are insignificant. Keywords: ARDL, monetary policy, fiscal policy, stock market, United States


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