Challenges of Global Crisis. Italy

Author(s):  
I. Semenenko ◽  
I. Labinskaya

A new stage has been reached in assessing new global trends. It is necessary to evaluate the West’s experience and its adaptability to the rest of the world. This journal begins a series of publications analyzing some of the leading states. For a starter, we offer contemporary Italy. Participants of the seminar are well-known scholars working at the Institute of World Economy and International Relations I. Semenenko and K. Kholodkovskiy (the main speakers), N. Goffe, N. Kisovskaya, A. Avilova.

Author(s):  
Yilmaz Akyüz

The crisis demolished the myth that EDEs were decoupled from advanced economies and BRICS were becoming new engines of global growth. From 2011 onwards, with the end of the twin booms in commodity prices and capital inflows, growth in EDEs has converged downward towards the depressed levels of advanced economies from the very high levels achieved in the run-up to the global crisis and the immediate aftermath. Loss of momentum is particularly visible in economies that failed to manage the earlier booms prudently. In examining the spillovers from policies in major advanced economies and China to EDEs, the chapter introduces the notion of commodity-finance nexus wherein these markets reinforce each other during both expansions and contractions. The chapter concludes with a brief discussion of policies needed to put the world economy into decent shape and to avoid liquidity and debt crises in EDEs.


Author(s):  
Eiiti Sato

Since the exchange of goods, services, and capital became a worldwide system some nations have succeeded becoming wealthy and prosperous while many others have failed remaining in poverty. Over the last three decades the dynamism of the increasing integrated world economy became an essential part of the process of economic growth, and as a consequence growth has been meager in countries like Brazil whose authorities have remained systematically hesitant to integrate the domestic markets into the world economy, staying apart from the main flows of trade and capital. The article discusses also why economic development studies has moved from the field of Economy to the field of International Relations forming the area of International Political Economy studies which is mainly driven to understand the trends and changes in the relationship between the state institutions and the market forces in the national and international levels. The essay concludes that to any country the process of integrating into the world economy means exploring and improving national potentialities rather than abandoning national identity and interests. 


2021 ◽  
Vol 3 (9) ◽  
pp. 112-117
Author(s):  
L. V. AGARKOVA ◽  
◽  
T. G. GURNOVICH ◽  
M. G. RUSETSKY ◽  
I. M. PODKOLZINA ◽  
...  

This article examines the main global threats of 2021 presented at the World Economic Forum, namely, the economic risks that are most likely to affect the international community in the current year. The article also analyzed the financial consequences of the COVID-19 pandemic, which undoubtedly made ad-justments to the definition of the main global threats of our time. In addition, the risks were considered in relation to the current statistical indicators of the Russian and global economy.


2012 ◽  
Vol 23 (Special) ◽  
pp. 39 ◽  
Author(s):  
Tuba ONGUN

The report “Russia and the World: 2021. Annual Forecast: Economy and Foreign Policy” continues the series of yearly publications of the Primakov National Research Institute of World Economy and International Relations (IMEMO) and Foundation for Prospective Studies and Initiatives. It consists of two parts: “Economy” and “Foreign Policy”. Part I focuses upon Russian foreign trade-economic relations and analysis and forecast of the world (Russia, Europe, the USA, Japan, India) economic trends in 2020-2021, including international financial markets and main Russian export markets. The report is based on the decades long IMEMO experience in forecast research. Part II presents the forecast of international relations for 2021, it analyzes main challenges for Russia and options to respond them.


2019 ◽  
Vol 14 (2) ◽  
pp. 41-54 ◽  
Author(s):  
Kaya Halil Dincer ◽  
Balas Ayse Nilgun

Abstract The 2008-2009 global crisis has severely affected the world economy. Most national governments utilized fiscal policy measures including subsidies to reinforce and sustain their economies. In this study we examine the impact of the 2008-2009 global crisis on subsidies paid to manufacturing firms either by their governments or the European Union (i.e. EU). Our results indicate that, overall, a significantly larger proportion of firms had received subsidies after the global crisis. When we look into different subgroups, we find that firm size, female ownership, female management, and quality certification did not matter (more firms in all of these subgroups had received subsidies). On the other hand, our results demonstrate that firm type and top manager’s experience level made a difference in terms of subsidies received after the crisis.


10.1142/8339 ◽  
2012 ◽  
Author(s):  
Barry Eichengreen ◽  
Bokyeong Park

Author(s):  
Pritam Chatterjee

The world economy started slowing down since the third quarter of 2008 leading to economic crises worldwide. GDP declined from an average growth of 3 per cent during 2003-2007 to 1.5 per cent during 2008-2012. The decline of world GDP growth was the sharpest at 42 per cent during the third quarter of 2008 to the second quarter of 2009. Not only capital inflows to developing and emerging market economies declined during this period, there has been significant shrinking of markets for developing country exports. This paper determines overall consequences and its policy implications of Global Crisis. Time period is 2003-2012, from these 2003-2007 is the pre crisis and 2008-2012 is the post crisis period. JEL CLASSIFICATIONS-, F1, F6


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