scholarly journals Scientific Output and GDP: Evidence from Countries around the World

2011 ◽  
Vol 2 (2) ◽  
pp. 38-41 ◽  
Author(s):  
Ahmad Jafari Samimi
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regression Models ◽  
Positive Relationship ◽  
Scientific Productivity ◽  
Developed Countries ◽  
Scientific Output ◽  
Poor Countries ◽  
The World ◽  
Casual Relationship

Scientific output is one of the important determinants of economic development in countries around the world. The extremely high scientific productivity of developing countries can be corrected by increased funding as investment on publications and also as a measure of scientific output. The purpose of the present paper is to examine the casual relationship between scientific output and GDP in 176 countries from both developing as well as developed countries. Our findings based on estimated regression models using a panel data for the periods 1996-2007 indicate that except in poor countries, there is a two-way and positive relationship between scientific output and GDP.

IMPACT OF NATIONAL DISASTER COVID-19, INDONESIA TOWARDS ECONOMIC RECESSION

2020 ◽  
Author(s):  
endang naryono
Keyword(s):  
Developing Countries ◽  
Economic Recession ◽  
Developed Countries ◽  
Social Distancing ◽  
Poor Countries ◽  
Corona Virus ◽  
The World ◽  
History Of ◽  
National Disaster

Covid-19 or the corona virus is a virus that has become a disaster and a global humanitarian disaster began in December 2019 in Wuhan province in China, April 2020 the spread of the corona virus has spread throughout the world making the greatest humanitarian disaster in the history of human civilization after the war world II, Already tens of thousands of people have died, millions of people have been infected with the conona virus from poor countries, developing countries to developed countries overwhelmed by this virus outbreak. Increasingly, the spread follows a series of measurements while patients who recover recover from a series of counts so that this epidemic becomes a very frightening disaster plus there is no drug or vaccine for this corona virus yet found, so that all countries implement strategies to reduce this spread from social distancing, phycal distancing to with a city or country lockdown.

ICT in Regional Development

2005 ◽  
pp. 387-392
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

scholarly journals How Does the Global Economy Crisis Influence in Managing Investment in Indonesia

The Winners ◽  
2012 ◽  
Vol 13 (2) ◽  
pp. 147
Author(s):  
Enggal Sriwardiningsih
Keyword(s):  
Developing Countries ◽  
Emerging Markets ◽  
Global Economy ◽  
Developed Countries ◽  
Subprime Mortgage ◽  
Poor Countries ◽  
Mortgage Crisis ◽  
The World ◽  
Liquidity Crisis ◽  
Growing Economy

July 2007 is the beginning of the world’s subprime mortgage crisis. Since then, the world’s liquidity crisis occurred and never found any solution until now. The liquidity crisis began to spread from developed countries to poor countries, developing countries and emerging markets with two channels. This contagious crisis made growing economy and emerging economy fell. No country in the world survived, including Indonesia. This paper discussed the management of investments in Indonesia. It started from the spread of global crisis to Indonesia and its impact on investment in Indonesia. Then, we discussed the government's efforts to encourage investment. The last was the view of the investment for the next three years (2010-2014)

ICT in Regional Development

2008 ◽  
pp. 351-358
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

scholarly journals Can It Be Both Economically and Morally Rewarding to Invest in Developing Countries?

2005 ◽  
Vol 5 (2) ◽  
pp. 1850035 ◽  
Author(s):  
Ricardo Gottschalk
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Developing World ◽  
Developed Countries ◽  
Global Development ◽  
Socially Responsible ◽  
Responsible Investment ◽  
The World ◽  
Moral Case ◽  
Development Objectives

This paper argues that investing in developing countries can be both economically and morally very rewarding. It firstly shows that historically capital invested in developing countries has obtained higher returns than invested in developed countries. It secondly argues that there is also a moral case for investing in developing countries. It would accelerate economic development in the poorer areas of the world, thereby promoting global development. It finally suggests that the socially responsible investment (SRI)initiative could be broadened to incorporate development objectives more explicitly, thereby serving as a conduit to more investment to the developing world.

scholarly journals Development trends of the current global economy

2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Global Economy ◽  
Industrial Revolution ◽  
Developed Countries ◽  
World Market ◽  
Economic Convergence ◽  
African Countries ◽  
Current Trends ◽  
The World

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.

scholarly journals Intergenerational Education Mobility and Globalization: Evidence from Ghana

2020 ◽  
pp. 47-57
Author(s):  
Justice Ackom Baah ◽  
Joseph Eshun
Keyword(s):  
Developing Countries ◽  
Regression Models ◽  
Opposite Effect ◽  
Developed Countries ◽  
Economic Mobility ◽  
The Us ◽  
The World ◽  
Effect Regression ◽  
Intergenerational Education

The issue of economic mobility among generations continues to be one of the understudied areas, especially in developing countries. Economic mobility usually referred to as Intergenerational Mobility (IM) studies the movement of individuals along the economic ladder. This paper relied on intergenerational education mobility to study into economic mobility in the Ghanaian setting. The paper, therefore, contributes to rarer existing literature on IGM in Ghana. Relying on random and fixed effect regression models, the study reveals that, economic mobility in Ghana is one of the lowest in the world far below economic mobility in countries like Turkey and Italy and far below economic mobility in developed countries like the US. The paper further reveals the significant role of globalization on IGM, highlighting a very important role of globalization in the lives of people. It is therefore recommended that to bolster the welfare of individuals, policymakers need to consider policies that are also aimed at expanding globalization. Moreover, the paper reveals that FDI and expansionary fiscal policy plays crucial roles in the economic mobility of individuals while unemployment has an exactly opposite effect on IGM.

scholarly journals SYSTEM DETERMINANTS OF UNEQUAL ECONOMIC DEVELOPMENT OF GLOBALIZED WORLD

2018 ◽  
pp. 139-149
Author(s):  
Roman ZVARYCH
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Human Development ◽  
Poverty Reduction ◽  
Market Model ◽  
Poor Countries ◽  
The World ◽  
Per Capita ◽  
Geopolitical Risks

Introduction. Globalization has accelerated the transformation of authoritarian societies into the perception of individual elements of the liberal-market model. It created favorable conditions for their cooperation with developed Western countries; stimulated economic modernization; and attracted countries to world economic processes. Positive shifts in the development of developing countries are associated with high rate of growth. But on the other hand, globalization left national states little chance to preserve their own economic, political and cultural sovereignty and strengthened their dependence on the developed world. Purpose. Purpose of the article is research of the unequal economic participation and divergence of economic inequality in developing countries and estimation of their impact on the uneven development of the world. Methods. The method of content formalization the development, growth and convergence of developing countries is used; hypothetical-deductive method in evaluating the level of preindustrial inequality in the world is used; systematic approach to analyze income gap per capita between rich and poor countries is used; hypothesis method for poverty reduction ways and geopolitical risks elimination is used. Results. The research is focused on development, growth and convergence of developing countries in the world economy. It is estimated the level of preindustrial inequality and it is established the starting point of its occurrence in the world. The developing and industrialized world is concentrated in dozens of countries where economic growth was associated with structural changes in production and employment. The research showed a gap in income per capita between rich and poor countries. The exclusion of the least developed countries is a key factor of international inequalities in the world as a whole and within the developing regions. It is defined the share of people below the poverty line and the level of its influence on world development. If rapid growth has led to human development and social progress in some countries, then in much more countries this growth has not provided development. It is explored the poverty reduction measures, non-economic factors and geopolitical risks that can destroy the further growth of developing countries. Conclusion. In a context of structural change, the development of the global economy will largely depend on the growth rates of developing countries. Despite the growing of economic power, developing countries can face certain specific problems associated with the pursuit of rapid economic growth. For economic development, developing countries should eradicate poverty, create jobs and inclusive growth. This sustainable way of developing mobilizes human resources of developing countries. The spread of education is the basis of the development of countries that industrialized late. Infrastructure, both physical and social, is the basis for the earlier stages of industrialization. Developing countries should strive to combine economic growth with human development and social transformation. This requires the creative interaction between the state and the market over the dominance of the market model.

CLASSIFICATION OF DEVELOPING COUNTRIES INTO THE WORLD ECONOMY

2017 ◽  
pp. 107-117
Author(s):  
Iu. Khvatov
Keyword(s):  
Developing Countries ◽  
Developed Countries ◽  
Small Island ◽  
Least Developed Countries ◽  
Middle Income ◽  
Poor Countries ◽  
The World ◽  
Heavily Indebted Poor Countries ◽  
The Difference ◽  
The Right

The basic principles that guide the United Nations to allocate specific groups of countries requiring special attention from the international community to the problems of their sustainable development are described. The difference in the scale and structure of aid to the least developed countries; landlocked developing countries; small island developing countries and heavily indebted poor countries is analyzed. The specificity of the approach of the World Trade Organization to the definition of countries with preferential access to the markets and the countries with differential treatment regime is revealed. The criteria that guided the International Monetary Fund and the World Bank to identify those developing countries which have the right of access to preferential lending conditions are analyzed. It is proposed to divide all the developing countries on: high-income emerging economies; middle-income frontier economies and least developed countries.

scholarly journals REFUGEES AS A FACTOR OF ECONOMIC DEVELOPMENT IN HOST COUNTRIES OF MIGRATION

2016 ◽  
pp. 82-89
Author(s):  
R. Stakanov
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
World War Ii ◽  
Supply And Demand ◽  
Forced Migration ◽  
Developed Countries ◽  
Economic Consequences ◽  
Host Countries ◽  
The World ◽  
The Difference

The article analyses refugee impact on economic development of host countries. About two-thirds of all international migrants reside in 20 countries. Total number of refugees in the world was estimated at 19.5 million people in 2014, the number of refugees reached the highest level since World War II. Unlike the voluntary migration, the vast majority of refugees head towards developing countries. It must be stressed that forced migration flows generate significant negative political and economic consequences for the world as a whole. Forced migrants tend to come to those regions where there are no significant employment opportunities. The assumption that receiving a large number of migrants by developed countries may cause unemployment or reduce wages or leads to a significant increase in the cost of public finances due to the rise in social payments is largely unconfirmed. Forced migration being poorly guided, as it is an intrinsic feature of today's stage, creates significant negative externalities to neighbouring regions and the world at large. There is a sizeable difference between forced and voluntary migration for their economic and political consequences. In terms of economic prospects, the difference between forced and voluntary migration should disappear over time. The paper studied the mismatch of supply and demand for certain skills on the labour market that is much more of a problem for developing countries because they receive large volumes of refugees in relation to the total population of their countries and have far fewer opportunities for leveling the imbalance in the economy by attracting additional amount of capital.

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