scholarly journals From the crisis-generating nature of global development to the transformation of the world financial and economic architecture

2021 ◽  
Vol 29 (1) ◽  
pp. 210-222
Author(s):  
Fedor A. Smirnov ◽  
Anatoly V. Golovkov

The modern dynamics of the global processes unfolding in the financial and economic sphere is currently experiencing a wide range of crises of different profiles (which forms the crisis-generating nature of global development), requiring the development of new approaches to overcome them. This determines the relevance of the description of a crisis dynamic, specific examples of its evolution and growth. The purpose of the study is to identify the main contours of the transformation of the world financial and economic architecture (WFEA) in such conditions. For this, the methodology of systems analysis, the dialectical method of scientific knowledge, methods of historical, logical and comparative analysis were used. As a result, it was concluded that the monetary methods used only make it possible to stop the spread of the crisis, but do not remove its root causes, since the crisis dynamics has a steady growing nature, which occurs with a parallel increase in emission volumes. The comparison of two world economic structures of the established imperial and new integral ones is carried out. The issue of the process of gradual renewal of the entire world system, WFEA, its reboot with elements of transformation, but in the general outlines of evolution, is considered. The revolutionary nature of development will be associated only with technological leaps, including due to the manifestation of the sixth wave of technological development, which will also adjust the transformation of the entire WFEA to itself.

Author(s):  
Sabrina Bruno

Climate change is a financial factor that carries with it risks and opportunities for companies. To support boards of directors of companies belonging to all jurisdictions, the World Economic Forum issued in January 2019 eight Principlescontaining both theoretical and practical provisions on: climate accountability, competence, governance, management, disclosure and dialogue. The paper analyses each Principle to understand scope and managerial consequences for boards and to evaluate whether the legal distinctions, among the various jurisdictions, may undermine the application of the Principles or, by contrast, despite the differences the Principles may be a useful and effective guidance to drive boards' of directors' conduct around the world in handling climate change challenges. Five jurisdictions are taken into consideration for this comparative analysis: Europe (and UK), US, Australia, South Africa and Canada. The conclusion is that the WEF Principles, as soft law, is the best possible instrument to address boards of directors of worldwide companies, harmonise their conduct and effectively help facing such global emergency.


Author(s):  
Irina Afanasyeva

At the turn of the third Millennium, significant changes have affected the global world. The contemporary world economy, the world order, international organizational and economic relations are all involved in the intensive process of global development. There is no country in the world that is able to form and implement foreign economic policy without taking into account the behavior of other participants within the world economic system. Scientific and practical analysis of the subject area of the existing research has predetermined the key objective of this article – to determine the factors of contemporary global development.


Author(s):  
Anita Sh. Ishmukhametova ◽  

Identification of names of plant curatives and substances in folk and fiction texts shows close interactions between man and the world, attitudes of people towards nature. Research in phytonyms and medicinal plant names proper is most essential for the understanding of a nation’s cultural heritage. The paper examines the lexeme балтырған in Bashkir discourse. Materials. The analyzed materials include linguistic dictionaries, folklore and fiction texts of the Machine Fund of the Bashkir Language, and etymological dictionaries of Altaic languages. Goals. The study aims at a comparative investigation of the lexeme балтырған ‘hogweed’. Results. The term proves a widespread phytonym in Bashkir discourse, which is attested by that it denotes a wide range of plant species in Bashkir and has parallels in other Turkic and Mongolic languages. The lexeme is included in academic, explanatory, dialectal, phrasal, and mythological dictionaries of the Bashkir language. The comparative analysis shows that baltyrγan ‘hogweed’ usually denotes a plant of the order Apiales, a medicinal herb. Baltyrγan~ baltirγana contains the initial bal / baltïr / baldïr with the meaning ‘green, young, fresh’.


Author(s):  
Silvia Mazzetto

Lebanon is a country with a complex multitude of historical events, a conflicting built environment and a wide range of specimen architectural projects and memorial structures that only partially reflected the intricate complexity of the country. Recently Beirut, the capital of Lebanon, has undergone several stages of profound transformations and urban expansions between 1840 and 1920, after the civil war (1975-1990) which was generated by many intricate dimensions, a vast rural to urban migration brought to Beirut, a numerous population in search of job opportunities. During the reconstruction, Beirut faced unprecedented economic growth and started to be recognized as an emerging city subjected to all the influences of the world globalization. Recently an evident conflict started to afflict the direction of the country development due to the urgent need to start recognizing the values of the neglected heritage that have been affected by massive demolition and abandonment. The debate between the construction of a contemporary global city with a post-modern identity, represented by innovative architecture and the need to preserve the national architecture and landscape, have generated numerous contrasting opinion in the cultural scene. In the debate between innovation and tradition, this article presents a comparative analysis of two reconstruction projects recently concluded in Lebanon. The aim is to highlight some fundamental problems that need to be considered to enhance processes that affect the urban development of the country.


Author(s):  
Анастасия Руднева ◽  
Anastasiya Rudneva

The textbook examines the essence, place and role of international trade in the system of modern world economic relations and in ensuring international economic security, as well as forms and methods of international trade. Particular attention is paid to the specifics of pricing and state regulation of this form of MEO, including in the framework of the world trade organization, as well as trends in the development of international trade in the context of the transformation of its geographical and commodity structure, taking into account modern challenges and threats. The textbook is intended for bachelors studying in the direction of "Economics", graduate students, teachers and a wide range of readers interested in the discipline.


Author(s):  
Natal'ya Ivanovna Tribunskikh ◽  
Daria Chuprasova

The subject of this research is the yet poorly studied topic of representation of the female images in military media sources, namely movies and TV series of the 2010s. The choice of sources is substantiated by the new approaches towards delivery of information, new characters and patterns that correspond to the modern media trends; as well as by a wide range of projects timed to the centenary of the World War I. The key tasks of this article lie in determination of the role of women and characteristics of female images in a number of movies and TV shows of the 2010s about the World War I. The author carries out a comparative analysis of reflection of the Western and Russian cinematography associated with the representations on the gender hierarchy that is seen through interaction between men and women in the material under review. The article reveals the main patterns that are most commonly used for describing the role of women in war. The conclusion is made that a certain variety of female images that have recently appeared in cinematography indicates the interest of historians and researchers dealing with memory, gender, media and visual culture. The comparative analysis of sources demonstrated that the representation of female images in movies of the 2010s about the World War I reflects a certain difference in the officially broadcasted sociocultural and ideological perception of women and their role characteristic to modern Russian and Western society. The Russian movies are oriented towards expressing the official state concept of traditional values and women's affiliation to family and the country; while Western movies create the images typical for their cultural reality, which do not neglect the role of wives and mothers, however allow the heroines to transcend family interests.


Author(s):  
Kent G. Deng

In China’s historical context, the term “medieval” was unmistakably borrowed from European history in as late as the 20th century. It has, however, remained questionable whether this Eurocentric unilinear logic really ever conveniently suited China. Even so, a serious historian may still make do with the term to capture what was going on in China from the Sui until the early Ming, from 581 to c. 1500 across a span close to a millennium, or anything in between. The beginning was marked by the construction of the Grand Canal, over one thousand miles long, during the Sui (581–618), which linked for the first time China’s three major river systems, and hence the three most productive regions, together: the Yellow, Huai, and Yangzi valleys. During the early Ming, China maintained an undisputed first-class sea power in the world. It was a period when private education, secular literature, meritocratic bureaucracy, novel technology and new production, degrees and commercialization, urbanization, and so forth reached an unprecedented height on the East Asian mainland. During this long period, the importance of Tang-Song growth and development loomed large. So much so, the Song period was coined in the 1980s by the world economic historian Eric L. Jones, in his book The European Miracle, as the first recorded intensive growth in Eurasian history. However, the term “revolution” was first used by Shiba Yoshinobu (斯波義信), the Japanese historian of China, to describe commercial growth under the Song, in his 1970 monograph Commerce and Society in SungChina. In reality, what happed was not just economic. It was a wide range of new achievements in institutions, science and technology, production, and market exchanges. Most unfortunately, however, Song growth and development, remarkable as it was, was brutally interrupted by the invading Mongols in the 13th century, who ran sociopolitical and economic systems that were distinctively different from those of the Song. The Mongol rule of China was very short, but the damage was done. Although during the following Ming period (1368–1644) some residual effects of the Song revolution were still detectable, it was marked by a quite different growth trajectory along the line of physiocracy. China’s medieval economic revolution never repeated itself. Such turns and twists in China’s fortunes through history underlie the Great Divergence debate.


2020 ◽  
pp. 4-10
Author(s):  
Yu. A. Plakitkin ◽  
◽  
L. S. Plakitkina ◽  
K. I. Dyachenko ◽  
◽  
...  

The external and internal challenges discussed in Part I of this article in Gornyi Zhurnal Issue 10, 2020, which are risk-critical for the coal industry of Russia, became a framework for the assessment of the impact exerted on the industry by sanctions and adverse conjuncture, as well as for the performance evaluation of the industry advancement scenarios. The maximum impact on the coal industry in Russia is exerted by risks connected with the coal market slump in the world. Furthermore, in recent years, coal demand suffers from depression due to some economical and technological development conditions in the world economy. The ecological pressure on the coal industry is also dynamized. Alongside with risks connected with the adverse conjuncture on the international and domestic markets, including risks of the limited market access, the increasingly higher importance is attached to the risks connected with sanctions imposed on the Russian economy. At the present time, the future of the coal industry in Russia is greatly uncertain. The governmental policy documents introduce a wide range of advancement routes for the coal industry with regard to potential risks. To find more accurate output margins in coal production, prediction and assessment of risk impact on the coal industry is required. The calculation of the risk impact on the coal industry using ERI/RAS model Riskugol shows that sanctions have never exerted any influence on the volumes of coal production and export in Russia. However, accretion of sanctions can appreciably reduce potentialities of the future advancement in the coal industry. The coal industry advancement scenarios are developed and used to assess the industry performance over the period to 2040. Despite higher efficiency of risk scenarios, they also feature higher social risks. Innovativity of the risk scenarios, which drastically improves labor efficiency in the industry, results in layoff and reduction of employees. To counterpoise social risks in the industry over the whole prediction period (even with regard to retirement rate), it is required to create 35–40 thousands of new jobs. This study has been partly supported by the Russian Foundation for Basic Research in the framework of R&D Project No. 18-010-00467 Development of Economic Indicators and Production Data for the Coal Industry Development in Russia up to 2035 with the Changing Vector of Global Technological Innovation due to Implementation of Industry 4.0 Program.


Author(s):  
DMITRY R. BELOUSOV ◽  
◽  
ALEXANDER YU. APOKIN ◽  

UN\DESA report highlights the topic of recovery resilient to shocks such as COVID-19, and sums up the peculiar historic moment of 2020 as the worst growth in 90 years (–3.4% WGP). For the CIS region, the economic situation and prospects were drastically different depending on whether there was a fiscal buffer. Last year was not just the largest economic shock in the century, it has also posed two new global development challenges both for the world and for Russia.


2021 ◽  
Vol 16 (2) ◽  
pp. 71-85
Author(s):  
K. A. Turkeeva ◽  
A. Sh. Suleimenova

The article analyzes the global oil market, determines what factors and conditions affect its transformation. The situation in the oil market is developing in such a way that the price is the main indicator in the transformation of the world oil market. The article focuses on global oil production and global oil consumption, which are dependent on the price environment. That is, the conjectural factor that is most well-known in the development of the oil market and is associated with changes in world production (supply), consumption (demand), which dictates price offers. At the same time, there are significant price fluctuations and caused by other factors that affect the transformation of the world oil market, such as: economic factors, geopolitical factors, as well as technological factors.The purpose of the article is to determine the transformational factors of the world oil market in the conditions of shock conditions that occurred in the conditions of price “collapses” in the market, leading to sharp and significant changes in the entire world economic system.Methodological tools of scientific articles are based on an integrated approach of analysis of the world oil market based on scientific research methods, which include methods of system approach, comparative analysis, synthesis, empirical research - systematization, economic and statistical groups, as well as historical-logical method.


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