scholarly journals Influence of pandemic of coronavirus infection COVID-19 on economic resilience of Ukrainian enterprises

2020 ◽  
Vol 183 (5-6) ◽  
pp. 66-78
Author(s):  
Svitlana Birbirenko ◽  
◽  
Yuliia Zhadanova ◽  
Natalia Banket ◽  
◽  
...  

Introduction. Modern Ukrainian enterprises operate in conditions of uncertainty and risk which could develop in unpredictable way. Currently the critical situation for Ukrainian economy is determined by the spread of pandemic of coronavirus infection COVID-19, which has acquired a global nature. Under the circumstances which has brought the pandemic, many Ukrainian enterprises approached the verge of bankruptcy due to the absence of management mechanism, which main objective is ensuring of economic resilience and maximum management efficiency and creating ability for prospective growth of their potential under the circumstances of force majeure. The objective of this paper is to study an influence of pandemic of coronavirus infection COVID-19 on economic resilience of Ukrainian enterprises with defining of negative and positive aspects for creation of a background which would enable a development of Ukrainian business in the future. Results. The global spread of coronavirus infection COVID-19 contributed to risk of recession in the world economy, index of world GDP growth for 2019 equals 2.9%, while the predicted values display its reduction by 3% for 2020, and by 5.8% in 2021. The GDP growth for Ukraine in 2019 equals 3.2%, its reduction in 2020 will make 7.7% and reduction predicted for 2021 makes 3.6%. The number of unemployed has increased in 2020 by 48% compared to the same period of 2019, and according to the forecasts of National Bank of Ukraine in ІІІ quarter of 2020 the rate of unemployment will grow by 12% compared to І quarter of the year. The arrears in wage equal USD 112.7 million. The state budget income deficit equals 29.6%, and specifically customs revenue has decreased by 32.2%. The fiscal revenue for May 2020 displays a slippage by 8.5% compared to May 2019. Currently one third of Ukrainian enterprises lost about 50-75% of their revenue. Most of enterprises of Ukraine show a remarkable growth of accounts receivable, and 7% of enterprises came to a near halt. It means that a new crisis will only make the make larger a rupture between Ukraine and developed countries both in aspect of competitiveness of economy and in that life quality. With regard to necessity of resumption of the operation of enterprises and ensuring their economic resilience almost all countries in the world, which were affected by the pandemic, take certain measures for resuscitation. The major part of the affected countries of the world, including Ukraine, showed their unpreparedness to face the challenges like a pandemic of coronavirus infection. The hard circumstances that Ukrainian entrepreneurs have got in were resulted not only from external political and economic factors, but were determined by the instruments of internal policy of Ukraine, what has led to reduction of business activity, reduction in public consumption and unemployment growth, which factors eventually undermine the mechanism of reproduction in national economy. Another factor which influences Ukrainian economy in a deleterious way is a reduction in global demand, which contributes to a decline in export capabilities of the country. Almost every economic sector of Ukraine sustained major losses, which have significantly influenced the general state of state economy. Only in case of fulfillment by Cabinet of Ministers and National Bank of Ukraine of economically justified efficient anti-crisis program the state has chance to survive the crisis with damages lower than other countries will have. Despite the deleterious effect that coronavirus exercises on Ukrainian economy, there are also some positive aspects of this situation, and the main of them is gaining experience, which would be able to help in the future while managing the country’s own economic resilience to take into account an option functioning in critical circumstances of global extent. Conclusions. The main problem of Ukrainian business nowadays is the poor knowledge of strategies of enterprise functioning in conditions of force majeure of global extent. The key aspects of efficient anti-crisis program on ensuring of economic resilience of Ukrainian enterprises must include risk assessment, development of well-defined business plan, increasing adaptivity to threats which occur under conditions of continuous business processes and constant iteration and business renewal, which has to face any challenge both on national and global level.

1994 ◽  
Vol 3 (1) ◽  
pp. 83-98
Author(s):  
Richard D. Lamm

The single greatest challenge facing managers in the developed countries of the world is to raise the productivity of knowledge and service workers. This challenge, which will dominate the management agenda for the next several decades, will ultimately determine the competitive performance of companies. Even more important, it will determine the very fabric of society and the quality of life of every industrialized nation. … Unless this challenge is met, the developed world will face increasing social tensions, increasing polarization, increasing radicalization, possibly even class war.


2020 ◽  
Vol 3 (2) ◽  
Author(s):  
Ridvan Yamanoglu

In the world market, medical products emerge as a sector that directly concerns people’s life quality and related activities. The medical product industry continues to grow rapidly in the world, especially in developed countries in line with the advances in technology, along with the elderly population and welfare level. In this context, biomedical implants constitute an important branch of the medical product industry. Among the materials preferred for implant production, the metallic biomaterials are very popular due to their superior mechanical properties. Ti and Ti alloys, among the metallic biomaterials, draw more attention considerably compared to stainless steel and Co-Cr alloys due to their characteristic features such as high specific strength and superior corrosion resistance, low density and low modulus of elasticity. Although the elastic modulus of titanium and its alloys is low compared to the other metallic biomaterials, it remains higher than bone. β-type Ti alloys have been developed to prevent the stress shielding effect caused by the elastic modulus mismatch and sterilization of the biomaterials used in the body from toxic alloy elements. In this article, the effect of the use of β-type Ti alloys, which are extremely prospective materials and open to development, in the body on host organisms, and the efficiency of the developed alloys have been investigated.


2019 ◽  
Vol 8 (2S11) ◽  
pp. 3760-3763 ◽  

The article discusses the relationship between the development of fuel and energy Uzbekistan with GDP growth (gross domestic product). Data are provided on the forecast growth rates of the world economy, the average developed countries and Uzbekistan, factors for ensuring GDP growth in tandem with the efficiency of the use of fuel and energy resources. Based on the cross-country regression analysis, the model of the influence of the energy system performance index (EAPI) on GDP growth is shown.


Author(s):  
Jocelyn Raude ◽  
Marion Debin ◽  
Cécile Souty ◽  
Caroline Guerrisi ◽  
Clement Turbelin ◽  
...  

The recent emergence of the SARS-CoV-2 in China has raised the spectre of a novel, potentially catastrophic pandemic in both scientific and lay communities throughout the world. In this particular context, people have been accused of being excessively pessimistic regarding the future consequences of this emerging health threat. However, consistent with previous research in social psychology, a large survey conducted in Europe in the early stage of the COVID-19 epidemic shows that the majority of respondents was actually overly optimistic about the risk of infection.


2019 ◽  
Vol 7 (3) ◽  
pp. 97-101
Author(s):  
Aristya Windiana Pamuncak

Purpose of Study: Child exploitation and slavery have become a new phenomenon of global crime because it occurred in every part of the world. The exploitation of infants and children in our public perception is underestimated because of cases subject to prosecution only mild and included unusual punishment. Methodology: This research was normative, in analyzing phenomena that occur in society, the authors attempted to answer some of the problems of the rule of positive law in Indonesia in solving the problems of exploitation of children, how to tackle the exploitation of children by other countries, and recommendations to resolve the problems of exploitation against children. Results: Exploitation crimes against children or slavery more appropriately included as an extraordinary crime committed against children, because such measures will not only affect the physical and psychological health but also will greatly affect the future of children and the future of a nation. Implications/Applications: Comparative law between the State of Australia, Senegal, and England, can be recommended for the legislature to make the formulation of regulations on the handling of the exploitation of children more effectively and quickly.


2017 ◽  
pp. 1605-1624
Author(s):  
Seda Yıldırım ◽  
Durmuş Çağrı Yıldırım ◽  
Ayfer Gedikli

Nowadays, sustainable growth and development are main economic policies for the countries all over the world. Decreasing natural resources, deepening environmental pollution and global warming problems are red alert of our planet. Every single country on the earth has the responsibility to protect our planet. So, increasing environmental awareness caused new tendencies in consumer behaviors. Countries aim not to pollute or harm the environment while improving their economic performance and life quality by green economy. Besides, by sustainable consumption, it is aimed to support personal sustainable development. In this context, sustainable consumption trends and the reflections of green economy applications in the world will be discussed in this chapter. In addition, developed countries and developing countries will be compared with each other through results of global ecological footprint.


Literator ◽  
2016 ◽  
Vol 37 (1) ◽  
Author(s):  
Louise Viljoen

This article reads Antjie Krog’s volume of poetry Mede-wete and its English version Synapse (both published in 2014) against the background of Rebecca Walkowitz’s proposal that the future of comparative literature will entail what she calls ‘foreign reading’. In her contribution to the American Association of Comparative Literature’s 2015 report on the state of the discipline of comparative literature (http://stateofthediscipline.acla.org) Walkowitz argues that literary texts increasingly enter the world in different languages and that this requires readings that move away from the idea that literary texts ‘belong’ to a single language, that explore the diverse ways in which they are read in different languages and that acknowledges that literary texts exist in the space created by a language’s relationship to other languages. This article takes Walkowitz’s observations as the vantage point for a discussion of the ways in which Krog’s volume (1) foreignises the Afrikaans language in order to become part of an interconnected whole; (2) urges readers, critics and literary practitioners to move beyond the confines of language-based literary systems; and (3) forces them to engage in a variety of different readings, including partial readings and collaborative readings, in order to become embedded in a larger community


2021 ◽  
Vol 58 (1) ◽  
pp. 2018-2023
Author(s):  
Ismailov Omilxon Shukurillaevich

This article discusses the issues of competition in ensuring the sustainability of the food industry in the world economy, the sources and stages of competitive advantages of States. The role of natural resources, investments and other elements in increasing the economic competitiveness of the state, as well as the stages of competitiveness of developed countries are discussed.


2021 ◽  
pp. 65-72
Author(s):  
Vladislav Chebotarev ◽  
Andrey Timchenko

This article is devoted to an overview of the methods and measures by which the governments of economically developed countries of the world ensure, to one degree or another, the security of their budget systems. At the same time, the authors consider the vulnerable aspects of the functioning of their public finance systems, the reasons for the emergence and the ability of the country’s leaders to eliminate negative factors and threats. This aspect is extremely important for ensuring the economic security of the state, since it provides an increase in the level of both economic and national security of the country.


An increasing demand for space travel, the creation of commercial enterprises and travel agencies in the field of space industry, the development of vehicles intended solely for the transportation of tourists to space – all this suggests that space can soon turn from a matter of scientific research into a tourist destination. Therefore, today the study of the state and prospects of space tourism development is a hot topic. The subject of research in the article is the development of space tourism in the world. The goal is to identify the main factors constraining the development of space tourism in the world. The objectives are to explore the economic benefits of space tourism development and the possibility of increasing commercial enterprises in the field of space industry; to evaluate key concepts involved in developing ways to reduce or eliminate social, economic problems arising in the field of space tourism. General scientific methods used: system analysis and factor analysis. The results of this study: the main economic advantages, disadvantages and problems of space tourism have been revealed; the state have been analyzed, and prospects for the development of space tourism have been identified; the need to study the fundamentals of space tourism development in the future have been determined, its impact on society and those who participate in it, the importance of upcoming efforts and possible policy recommendations have been evaluated. Special attention is paid to the review of space law treaties, agreements and conventions on space tourism. The authors conclude that space tourism is showing rapid development, and the space industry remains one of the promising investment sectors which may become the main direction of development of space activities in the future. Because space tourism is a certain market niche that can contribute to the use of infrastructure in space, especially due to the upcoming discoveries.


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