scholarly journals Developing Countries in the Global Economy: A Forward Looking View

1999 ◽  
Author(s):  
John Whalley
2006 ◽  
pp. 84-89 ◽  
Author(s):  
N. Birdsall

Reasons of high inequality in the modern world are considered in the article. In developing countries it interacts with underdeveloped markets and inefficient government programs to slow growth, which in turn slows progress in reducing poverty. Increasing reach of global markets makes rising inequality more likely and deepens the gap between rich and poor countries. Because global markets work better for the already rich, we should increase the representation of poor countries in global fora.


2006 ◽  
Vol 14 (4) ◽  
pp. 555-564 ◽  
Author(s):  
A. B. ATKINSON

The UN commitment to achieving the Millennium Development Goals (MDGs) by 2015 poses a major challenge. It is, first and foremost, a political challenge to wealthy countries, to provide the necessary transfer of resources, and to developing countries, to make effective use of these transfers. But it is also an intellectual challenge, to economists and other scientists, to better understand the processes by which the MDGs can be achieved. This article focuses on two aspects. On the substantive side, it examines how we can achieve increased funding for development, particularly via new methods of finance, such as global taxes. On the intellectual side, it describes how a new branch of economics is developing – global public finance – that can contribute to the analysis of new sources of funding for the MDGs and of the working of the global economy.


Istoriya ◽  
2021 ◽  
Vol 12 (11 (109)) ◽  
pp. 0
Author(s):  
Alexey Kuznetsov

The article highlights three stages of the formation of multinationals from developing countries. Although first Argentine TNCs appeared at the turn of the 19th — 20th centuries, in the majority of the Global South countries TNCs appeared in the 1960s — 1980s. With the collapse of the bipolar world order, which in many developing countries was accompanied by significant internal political and economic transformations, the second stage of foreign expansion of TNCs from the Global South began. Indeed, in 1990 they accounted for 6 % of global outward foreign direct investment stock, while the figure was 10 % by the end of 2005. We date the beginning of the third stage to the financial and economic crisis of 2007—2009, since multinationals from developing countries as a whole are more successfully overcoming the period of turbulence in the global economy. By the end of 2020, they accounted for 22 % of global outward foreign direct investment stock, and during the COVID-19 pandemic crisis they generally exported more than 50% of the capital. The modern foreign expansion of such TNCs has many reasons, differs greatly from country to country, and often differs slightly from the specifics of Western multinationals. At the same time, initially, “late internationalization” in developing countries had two main vectors — the use of new opportunities for South — South cooperation and overcoming, through the creation of subsidiaries in highly developed countries, the shortcomings of the business environment of “catching up” countries.


2021 ◽  
Vol 5 (199) ◽  
pp. 9-17
Author(s):  
V.A. Noskov ◽  

The purpose of the publication is to assess the world experience of post-industrial development and deindustrialization in the economies of both developed and developing countries. The importance of the crisis of the post-industrial paradigm for the development of the world economy, the application of this experience in the process of import substitution and the unfolding reindustrialization in Russia is noted. The analysis of the world experience of post-industrial development and deindustrialization of the economy, its macro-regional features is carried out in the context of maintaining and developing Russia's economic security. The author's understanding of the problems and prospects of the development of import substitution and reindustrialization processes in the world is proposed. Import substitution is considered as part of the strategy of economic development and ensuring the national security of the country. It is proposed to build recommendations for improving the policy of import substitution and reindustrialization carried out by Russia, taking into account the author's developments.


Author(s):  
A. S. A. Du Toit

Using competitive intelligence (CI) can help developing countries to increase their competitiveness. This paper compares the CI activities between two retail banks in Brazil and South Africa. An e-mail survey in a sample of 2550 employees in a retail bank in Brazil and 847 employees in a retail bank in South Africa was carried out in which CI practices were measured. Respondents in both countries were not very effective to conduct effective CI analysis. Respondents from Brazil consider information on operational risks as the most important while for South African respondents the most important information was on changing regulatory requirements. Although there is a culture of competitiveness in both organizations, it is recommended that if they want to compete effectively in the global economy, they should create CI awareness by organizing CI training sessions for employees.


HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.


Author(s):  
Amrut Rao ◽  
Ravindra Pathak ◽  
Ashraf Mahmud Rayed

Ethiopia, India and Bangladesh are raising economic power, but have not yet integrated very much with the global economy and still have not achieved their potential in context of technology, globalization, and international competitiveness like developed countries. These countries have much strength, but at the same time , are facing many challenges in the increasingly competitive and fast changing global economy. The main key strengths of these courtiers are their large domestic market, young and growing population, a strong private sector with experience in market institutions, and a well developed legal and financial system. In today’s environment of global competition, technological development and innovation; companies, especially manufacturing, are forced to reconfigure their manufacturing and management processes. Industry 4.0 and intelligent manufacturing are part of a transformation, in which manufacturing and information technologies have been integrated to create innovative systems of manufacturing, management and ways of doing business. This system allows optimizing manufacturing, to achieve greater flexibility, efficient production processes and generate a value added proposal for their customers, as well as to provide a timely response to their market needs. The objective of this work is to explore the Industry 4.0, smart manufacturing, environment requirement and relation of innovation in perspective of developing countries.


1997 ◽  
Vol 25 (2) ◽  
pp. 16-19
Author(s):  
Eunice K. Kamara

Since the 1980s, the world has experienced a number of economic recessions. As would be expected, developing countries have borne the brunt of the resultant economic crisis. It is estimated, for example, that the total debt of the developing world rose from $562 billion in 1982 to $1,020 billion in 1988.’ Many of the developing countries are still on the verge of economic collapse, unable to service accumulated foreign debts. Various measures were taken by the developed world in an attempt to revive the fallen global economy. These measures included the introduction of Structural Adjustment Programmes (SAPs) which aimed at (among other targets) reducing national public expenditures and effecting a shift “from a trade deficit to a trade surplus or at least, a reduction of the size of the trade deficit, at least in part to service the debt.”


Author(s):  
Farhad Hossain

Once properly managed, e-governance can add tremendous dynamism in reforming public administration and can change the mode of interaction between the state and its citizens. However, concerns regarding digital divides and the challenges of e-governance in the developing states of Africa, Asia, and Latin America are growing. If the factors contributing to digital divides are not carefully identified and properly solved, there is a growing risk that in the coming years digital resources might become the preserve of the “haves,” while ignoring the plight of the “have-nots” as they seek access to resources in developing countries. The current Secretary General of the United Nations, Kofi Annan (2000) provided the insight that new information and communications technologies are bringing people together, and bringing decision-makers unprecedented new tools for development. At the same time, however, Mr. Annan added, the gap between information “haves” and “have-nots” is widening, and there is a real danger that the world’s poor will be excluded from the emerging knowledge-based global economy. E-governance in this article could be referred to as the use of digital devices, usually by public authorities, when dealing with their public, private and non-profit stakeholders. E-governance comprises a practice, process, or activities through digital means and could equally be practiced by different stakeholders in managing public affairs. While in contrast “e-government” is defined by Shafritz and Russel (2003) as conducting any aspect of government business operations over the Internet—from providing information by government to paying bills to the government. This article examines and analyzes the current status of emerging electronic and Web-based governance (e-governance) in developing countries. In doing so, the article outlines the market model, participatory state model, flexible government model, and the deregulated government model presented by Professor Guy Peters for reforming governance. In light of the above, the article brings forward the emerging issues of governance, e-governance, and the possibility of shared governance. Emerging e-governance is reshaping the process of administrative reforms in developing countries—which requires fresh academic research and a scholarly contribution.


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