scholarly journals Global Competition and Small Business in the Light of 4th Industrial Revolution

2021 ◽  
pp. 101-116
Author(s):  
L. N. Pavlova
Keyword(s):  
Small Business ◽  
Global Economy ◽  
Industrial Revolution ◽  
Labour Productivity ◽  
State Regulation ◽  
Global Competition ◽  
Infrastructure Development ◽  
Goods And Services ◽  
The Impact ◽  
Small And Medium Business

The article analyses global experience dealing with attaining competitiveness of companies of small and medium business, studies forms, methods, specific features, goals of the new stage of shaping demand and supply on the basis of achievements of the 4th industrial revolution. The author highlights the role and place of certain countries in the development of global competition through figures of economic growth, export of goods and services and proportion of the population. The forecast of global economy growth rate in the post-pandemic period is important for researching changes in the global economy structure and trends of the global competition development. Characteristic features and indications of the new stage of the industrial revolution were analyzed as they have serious impact on small business by providing opportunities for fast growth in competitiveness. The author distinguishes different groups of risks typical of the 4th industrial revolution, which could influence seriously small entrepreneurship in the world. The impact of external global factors on shaping entrepreneurial psychology and behavior was revealed, as well as on forms and methods of managing small and medium business by integrated criteria approach. The role of state regulation in global competition and its influence on small business segment were investigated. Special attention was paid to state regulation and measures of supporting small and medium business in China. Information about finance and credit tools for supporting small and medium business in different countries was analyzed. Concrete recommendations were given dealing with best world practices of using achievements of the 4th industrial revolution in operation of companies of small and medium business and with infrastructure development, which could solve problems of capital raising. The problem was researched in view of goals set within the frames of national projects, including labour productivity and business profitability increase. The situation in the field of finance support of small entrepreneurship was studied in connection with pandemic conditions within the frames of effective infrastructure, new programs and accumulated experience. For comparison information about Russia and the US was used.

scholarly journals Mapping ‘wild zones’ of globalisation: on private actors and the rule of law

2021 ◽  
Vol 17 (1) ◽  
pp. 107-113
Author(s):  
Chantal Mak
Keyword(s):  
Global Economy ◽  
Large Scale ◽  
Legal Framework ◽  
International Investments ◽  
Goods And Services ◽  
Decision Making Processes ◽  
Private Corporations ◽  
Comprehensive Framework ◽  
Private Actors ◽  
The Impact

While private corporations have become increasingly influential in the global economy, a comprehensive legal framework for their activities is missing. Although international and regional legal instruments may govern some aspects of, for instance, international investments and the supply of goods and services, there is no overarching structure for assessing the impact of large-scale private projects. In the absence of such a comprehensive framework, specific rules of private law allow profit-seeking companies to expand their activities on an economic basis, mostly without having to heed social concerns (Pistor, 2019). This is particularly problematic insofar as multinational companies have obtained power to set the rules for their engagement with states, organisations and individuals, for instance in the form of transnational investment contracts. Given the fragmented nature of the legal sphere in which such contracts are elaborated and performed, those who face the harmful consequences of such investments may not be able to participate in decision-making processes. The contracts remain in ‘wild zones’ of globalisation (Fraser, 2014, p. 150), where powerful private companies rule.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

Assessment of the Impact of State Regulation of Retail Trade Networks Development on the Wholesale Sector

2020 ◽  
Vol 9 (3) ◽  
pp. 775
Author(s):  
V.P. CHEGLOV ◽  
S.V. MKHITARYAN ◽  
L.A. DANCHENOK ◽  
O.V. RYKALINA ◽  
T.A. TULTAEV
Keyword(s):  
Distribution System ◽  
Global Economy ◽  
Transition Economy ◽  
State Intervention ◽  
State Regulation ◽  
Retail Trade ◽  
Negative Consequences ◽  
Trading Systems ◽  
Retail Chains ◽  
The Impact

The article is dealing with the issues of state regulation of the consumer market, where the interests of producers, wholesale intermediaries, and retail trade are traditionally encountered. The authors consider the features of state regulation of the formation and development processes of multi-object and omnichannel trading systems in Russia in the context of the country's entry into the global economy, the opening of the domestic market for foreign business structures, and commodity imports in a situation with a small business that is not fully established. The results of the conducted study complement the experience of the international community in regulating system formation in trade. The article analyzes significant differences in the state intervention mechanisms in the economic relations of retail chains and their suppliers, as well as the impact of stricter legislation on wholesale trade, and its place and role in the commodity distribution system. The authors prove that excessive regulation of the retail market causes negative consequences in its adjacent segments, justify the upcoming redistribution of the market between large retail chains and specialized wholesale companies in favor of the former ones, show the development prospects of the distribution, and the impact of this process on small retail businesses, as well as formulate proposals for optimizing approaches to regulating the transformation of the trade sector in the transition economy.

scholarly journals The State regulation of Public Procurement in Ukraine in the Context of Reforms and Integration Processes

2021 ◽  
Vol 2 (517) ◽  
pp. 35-40
Author(s):  
O. I. Laiko ◽  
Keyword(s):  
National Economy ◽  
Public Procurement ◽  
State Regulation ◽  
The State ◽  
Added Value ◽  
The Public ◽  
Goods And Services ◽  
International Distribution ◽  
Procurement System ◽  
The Impact

The article is concerned with topical issues of the State regulation of public procurement in Ukraine in the context of reforms and integration processes. The conceptual principles of regulation of the public procurement system have been formulated, taking into account the requirements and challenges of modern processes of reforms of the national economy and the implementation of the European integration vector. The public procurement system is considered as a new institutional unit in the national economy – the market for goods and services to the State-owned institutions and organizations with the involvement of budgetary funds. The significance of the public procurement system for the country’s economy as an environment for financing and implementing entrepreneurial initiatives aimed at creating high-quality goods and services, which is characterized by volumes equal to 15% of GDP, is substantiated. The article is aimed at defining the theoretical-conceptual and applied principles of the State regulation of the public procurement system in Ukraine in the context of efficient implementation of reform goals and taking into account the impact and challenges from the active participation of the national economy in the international distribution of labor in the course of integration processes with the EU countries. The article defines the key directions of the State policy on the regulation of the public procurement system, which include: stimulating the economic development of the entrepreneurial sector and overall economic growth on the basis of sustainability and balance; support for the production of domestic goods and services with high added value; stimulation of production of goods and services using local resources; stimulating the creation by domestic producers of both goods and services of cooperation associations in order to use the opportunities for the distribution of labor to create more competitive products; supporting the formation of an economic basis for the development of territorial and economic entities in the regions of Ukraine. As for the above defined directions of the State regulation of the public procurement system in Ukraine, appropriate measures have been proposed, the implementation of which is expected to contribute to the strengthening of the national economy and does not contradict the provisions of ratified international agreements.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

scholarly journals EMERGING ECONOMETRICS OF BOMB, WAR AND FREE DIRECT INVESTMENTS TO STABILIZE THE SOCIO-ECONOMIC CONDITIONS OF OWN COUNTRY IN GLOBALIZED WORLD

2017 ◽  
Vol 5 (6) ◽  
pp. 170-174
Author(s):  
Chiranjib Kumar
Keyword(s):  
Global Economy ◽  
Peace Building ◽  
Goods And Services ◽  
One Belt One Road ◽  
The World ◽  
Recent Developments ◽  
Globalized World ◽  
The Impact ◽  
Better Than ◽  
Key Questions

The global economy has been facing a lot of challenges and crisis due to Interlinkage for exchanging goods and services. A race is going on among different nations to become a super powerful country. As a result of which global warming and climate change has been seen throughout the world. A new econometrics has taken over the charge of international politics and that could be seen in the recent developments took place in Korean Peninsula and some part of the world where powerful politicians of the world have been threatening to each other for deep consequences. The Key Questions are, Q.1. What happened in the Middle East?  Q.2. What is happening in Syria and others countries?  Ans. The impact would be more transparent and visible in the coming days. Q.3. What is OBOR (One Belt One Road) of China? Ans. Imposing their excess burdens on other countries on the name of globalization and peace building and making realize the participating countries that you are under my kindness with liabilities(indirect loan). The present paper has tried to find out answers of some questions and also suggests solutions at last. Qualitative thinking is always better than quantitative thinking

scholarly journals Assessment of the influence of innovation and IT markets on the parameters of the regional economy

2020 ◽  
pp. 29-40
Author(s):  
Ekatarina Garipova ◽  
Elena Kulik ◽  
Larisa Nabieva
Keyword(s):  
Information Technologies ◽  
Regional Economy ◽  
Industrial Revolution ◽  
Mutual Influence ◽  
State Regulation ◽  
Modern World ◽  
Sector Model ◽  
The Republic ◽  
The Stability ◽  
The Impact

The significant increase in the influence of innovation and information technologies in the modern world, including on economic processes, their constant interaction with classical markets of production factors, and accordingly the need to develop a methodology for assessing their mutual influence - all this has determined the purpose and tasks of research. The article discusses the features of markets mutual influence of innovation and information technologies, as well as their impact on the economy of the region. Based on the conclusions, a methodology for quantifying this influence is proposed, which is characterized by simple and convenient application in the implementation of state regulation of the regional economy. The study is based on the analysis of statistical data for more than 20 years of the economy development of the Russian Federation and the Republic of Tatarstan and is highly representative. The results of the study allowed justifying the theoretical approach, to develop methodological and practical recommendations on diagnostics, assessment and forecasting of the impact of the two most important components of the modern industrial revolution 4.0 - innovation and information technologies - on the stability and balance of the regional economy. The main product of the study is the system functional multi-sector model of the regional economy, which allows solving all the above-mentioned problems and problems in an optimal way.

scholarly journals Impact of COVID-19 on Tourism in Nepal

2021 ◽  
Vol 12 (1) ◽  
pp. 1-22
Author(s):  
Archana Shivakoti
Keyword(s):  
Foreign Exchange ◽  
Global Economy ◽  
Qualitative Methodology ◽  
Vital Role ◽  
Tourism Industry ◽  
Personal Hygiene ◽  
Infrastructure Development ◽  
Foreign Exchange Earning ◽  
Secondary Sources ◽  
The Impact

Tourism is one of the world’s largest and fastest growing industries. It acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment. Tourism plays a vital role to uplift the living status of people in specific areas worldwide. Tourism has potential for creating jobs and encourages income-generating activities and it also leads to infrastructure development. In Nepal, tourism has uplifted the socio-economical condition of the locals and given them ample opportunity to better their lives. It has created path towards the elimination of poverty and has significantly contributed to overall development of the nation. It is also one of the major sources of foreign exchange earning of the country. However, due to the impact of COVID-19, tourism has suffered unprecedented setback and its effect can be seen on global economy. It has rendered millions of people unemployed and huge investments have frozen and unable to generate business and move the economy. This study will analyze and study the challenges faced by tourism industry post COVID-19 in Nepal and try to provide answers for the recovery of tourism in Nepal. This study follows the qualitative methodology and the data is obtained through primary and secondary sources. As we move into the new era of travelling, tourism industry needs to adopt and focus on safety, personal hygiene and social distancing. Nepal is capable to adapt to the “new normal” and bounce back as it did post 2015 earthquake. But Nepal’s poor infrastructure, lack of implementation of rules and people’s laidback attitude could prove to be a hurdle and deter tourists and usher them to a more organized destination.

scholarly journals The Price Discrimination on the Shortage Markets: Theoretical Analysis

2021 ◽  
Vol 15 (3) ◽  
pp. 71-85
Author(s):  
Irina V. Knyazeva ◽  
◽  
Nikolay N. Zaikin ◽  
Irina V. Bondarenko ◽  
◽  
...  
Keyword(s):  
Theoretical Analysis ◽  
Price Discrimination ◽  
State Regulation ◽  
Market Mechanism ◽  
Goods And Services ◽  
Long Run ◽  
Wide Range ◽  
The Difference ◽  
Scientific Results ◽  
The Impact

Antitrust law includes a number of evaluation norms in system of commodity market analysis and proofs of anti-competitive behavior, which provide for using wide range of economics and marketing methods. The widest field of discussing embedded in definition “price discrimination”. Specific research interest presents the making recommendations of regulation of shortage markets with unfounded differences in prices. This question we propose to consider in two articles: in first article we make theoretical analysis of price discrimination in situation of shortage markets, in second article (will be published in no. 4) we analyze marketing aspects and system of sales stimulation, which the seller accomplish on the shortage markets. In the focus of this research is price discrimination as a market mechanism and shortage markets as a market anomaly. The shortage markets in contrast of shortage on the market occurs not for reason that price is below the equilibrium level. The main reason of genesis of shortage markets is speculative demand on the markets and/or difficulties in producing goods and services. These difficulties often set by outside shocks. Price discrimination undergoing of effect of long-run shortage on markets transforming in phenomenon, which damages of consumer wealth and entrepreneurs benefits. In addition, this type of price discrimination decrease the social welfare too. The risks of price discrimination in the case of shortage markets needed new decisions and methods of regulation by state. However now we do not see some consensus in the issue of principles and instruments of state regulation of shortage markets. In the article we try to approbate some scientific results. These results are the hybrid definition of price discrimination; the legislative definitions of price discrimination as a acts which limiting competition; the criteria of functioning of shortage markets; proofs of transforming markets through the impact of long-run shortage; the difference between the case of shortage markets and the case of shortage on the markets in the classical demand-supply model; costs of price discrimination on the shortage markets; perspective antitrust regulation of price discrimination on the shortage markets.

scholarly journals Business Impact of COVID-19 Pandemic on Pharmacy Shops of Dharan-18: A Sample Survey

2020 ◽  
Vol 10 (1) ◽  
pp. 228-238
Author(s):  
Sumitra Devi Regmi
Keyword(s):  
Small Business ◽  
Sample Survey ◽  
Business Impact ◽  
Goods And Services ◽  
Price Hike ◽  
The Government ◽  
Almost All ◽  
The Impact ◽  
Near Future ◽  
Self Administered Questionnaire

The present study aims to describe the effect of the COVID-19 pandemic and the government imposed lockdown on the business activities of pharmacy shop owners (as small business operators) in the locality of Dharan-18. A sample survey was carried out in 32 participants using a self-designed and self-administered questionnaire comprising participants ‘demographic details and 14 question items concerning the impact of the pandemic and lockdown on their businesses. All the participants responded. The results show that all the pharmacy operators were adversely affected by the pandemic and the imposed lockdown. Most of the businesses temporarily suspended their operations while some stopped operating. The essential supplies and access to goods and services as well as financial access have been severely hindered; however, no remarkable price hike has been observed. The expectations of the participants about changes in near future lack consistencies. The participants have expressed lack of confidence in carrying out business in the forthcoming days. In conclusion, the COVID-19 pandemic and the government-imposed lockdown has affected almost all of the pharmacy operators in the locality of Dharan-18.

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