scholarly journals Measuring Economic Development and the Impact of Economic Globalisation

2020 ◽  
Vol 15 (3) ◽  
pp. 185-207
Author(s):  
Roukanas Spyros
Keyword(s):  
Political Economy ◽  
Economic Development ◽  
Economic Crisis ◽  
Field Of Study ◽  
Global Political Economy ◽  
Development Index ◽  
Global Economic Crisis ◽  
National Economies ◽  
The Impact ◽  
Economic Globalisation

Abstract The aim of this article is to measure economic development and the impact of economic globalisation under the prism of global political economy. Global political economy is a field of study that has its roots in international relations. The growth of world economic transactions after the collapse of the Bretton Woods system in the 1970s created the need for a new field of study, in order to explain the interdependence between politics and economics on the international level. Global political economy is the field of study that also examines the implications of economic globalisation for national economies and for the global economy. The concept of economic development is broader than economic growth, which is related to GDP growth. The concept of economic globalisation has changed the prospects of economic development for certain developed and developing economies. The main changes of economic globalisation are closely related to the following aspects of national economies: trade, finance, and production. The analysis of this article will reveal the effects of economic globalisation on different aspects of economic development. These aspects are studied under the prism of indexes such as Financial Development Index, openness to trade, Human Development Index, the GINI Index and other inequality indexes. The aftermath of the global economic crisis of 2007-2008 placed at the epicentre the interdependence of national economies and the issue of economic inequalities. The study of the aforementioned indexes will highlight the alterations that have occurred from the manifestation of the global economic crisis until today. The article is focusing on the following countries: China, Germany, Greece, and the United States for the last decade (2009-2019), on the basis of the available data.

IMPACT OF COVID-19 ON THE GLOBAL ECON

2020 ◽  
Vol 3 (11) ◽  
pp. 126-131
Author(s):  
M. P. VAKHROMEEVA ◽  
Keyword(s):  
Economic Crisis ◽  
Global Economic Crisis ◽  
World Economic ◽  
Coronavirus Infection ◽  
National Economies ◽  
The Impact

The article examines the impact of the coronavirus infection COVID-19 on world economic processes, analyzes the ways out of the global economic crisis, analyzes approaches to the restoration of national economies.

Thailand: Boom, Bust, and Recovery

2002 ◽  
Vol 1 (3) ◽  
pp. 225-250 ◽  
Author(s):  
Kevin Hewison
Keyword(s):  
Political Economy ◽  
Economic Development ◽  
Economic Crisis ◽  
Economic Performance ◽  
Economic Power ◽  
Capitalist Development ◽  
The Social ◽  
Political Forces ◽  
Economic Boom ◽  
The Impact

AbstractThailand's economic performance from 1957 to 1996 was remarkable, with uninterrupted, sometimes very rapid, growth. The decade to 1997 witnessed an unprecedented economic boom that came to a crunching and dramatic halt in July 1997, with the beginning of the Asian economic crisis, the impact of which is still being played out. Despite the crisis, Thailand's economic development has amounted to a capitalist revolution that has been more thorough than many would have thought possible even two or three decades ago. Thai society has been dragged from its agricultural past and plunged into an industrial present. Capitalism's ascendancy has incorporated the country in a world system, subjecting the economy and society to its many vagaries. Thailand's capitalist transition has had its own characteristics, but there have been processes at work, which mean that there is much that it also has in common with other capitalist transitions. The force of these processes has dominated the last century or so. This paper examines the evolution of Thailand's capitalism, preceded by a brief outline of theoretical debates regarding this development. In examining Thailand's capitalist development, this paper proceeds chronologically, charting broad development epochs. It delineates the social and political forces that shaped each phase of industrialization. The paper also addresses the changes to Thailand's political economy since the advent of the Asian economic crisis in mid-1997, and indicates how these developments are reshaping political and economic power.

scholarly journals Tourism Competitiveness and Sustainability Indicators in the Context of Surf Tourism: The Case of Cape Town

2021 ◽  
Vol 13 (13) ◽  
pp. 7238
Author(s):  
Roberto Martín-González ◽  
Kamilla Swart ◽  
Ana-María Luque-Gil
Keyword(s):  
Political Economy ◽  
Economic Development ◽  
Economic Crisis ◽  
Cape Town ◽  
Point Of View ◽  
Sport Tourism ◽  
Socio Economic Development ◽  
Multiple Issues ◽  
Sport Events ◽  
Active Sport

Sport tourism has experienced considerable growth in the last decades, either from the sport events perspective or considering an active sport tourism approach. Therefore, some emergent market niches like surf tourism have been developed in numerous coastal destinations to attract sustainability-sensitive tourists due to the ongoing environmental challenges and the socio-economic crisis. Cape Town is positioned in a prominent place in terms of competitiveness, with a considerable variety of beaches and surf spots facing multiple issues. The aim of this study is to try to identify the most competitive beaches and subdistricts in terms of sustainability and to suggest criteria for surf-tourism-related indicators to obtain an overview about this space, using weighting indicators, and applying geography and political economy lenses. The results reveal that Strand, Table View, and Surfers’ Corner are the most competitive beaches. Additionally, beaches located in some underprivileged areas such as Mitchells Plain and Khayelitsha are potentially interesting from a socio-economic development point of view, although they show a lack of accommodation infrastructures. These results seem to indicate that those areas should be closely monitored, and destination managers should focus their attention and finance there to obtain a more sustainable surf tourism development.

Is the USSR dead? Experience from the financial and economic crisis of 2008–2009

2013 ◽  
Vol 46 (1) ◽  
pp. 109-122 ◽  
Author(s):  
Mikhail Golovnin ◽  
Alexander Libman ◽  
Daria Ushkalova ◽  
Alexandra Yakusheva
Keyword(s):  
Economic Development ◽  
Soviet Union ◽  
Economic Crisis ◽  
Former Soviet Union ◽  
Point Of View ◽  
The Impact ◽  
Former Soviet Republics ◽  
Economic Linkages

The paper examines the economic linkages between the post-Soviet states from the point of view of the financial and economic crisis of 2008–2009. It aims to find out whether the interdependence between the countries of the former Soviet Union is still large enough that crises in individual countries affect the economic development in the neighboring states, and assesses the impact of the crisis itself on the linkages between the former Soviet republics. The evidence is mixed: while some channels of interdependence deteriorated over the last decade, others became more important, and some were even strengthened by the crisis itself.

The impact of the regional capital on center-periphery interactions – the case of Lviv and its surrounding region

2021 ◽  
Vol 93 (2) ◽  
pp. 31-43
Author(s):  
Iryna Leshchukh ◽  
Olha Mulska
Keyword(s):  
Economic Development ◽  
General Pattern ◽  
Development Index ◽  
Regional Center ◽  
Socio Economic Development ◽  
The One ◽  
Index Value ◽  
Regional Capital ◽  
The Impact ◽  
Strong Inverse Relationship

o analyse the impact of Lviv on centre-periphery interactions the authors calculated the Socio-Economic Development Index for different districts of the region and considered the distance of each district from the regional capital. The Socio-Economic Development Index (Іr) of each district was calculated as the arithmetic mean of indices of its economic (Іе) and social (Іs) development. A strong inverse relationship was found between districts’ indices and their distances from the regional capital (R = –0.69). The indices were used to classify districts into three categories: central, semi-peripheral, and peripheral. The central category includes districts located within a 50-km radius of Lviv and their indices range from 0.5 to 0.7. Semi-peripheral districts are located within the radius of 50-75 km and their Іr values range from 0.3 to 0.5. Peripheral districts are located at the furthest distance from the regional centre, and their Іr values are below 0.3. Because the correlation between the distance from the regional center and index value for some districts was not consistent with the general pattern, two subtypes of districts were also added – core and ancillary. The authors demonstrate that the impact of the regional capital on the socio-economic development of administrative districts decreases with their increasing distance from the regional center. The level of socio-economic development in districts depends, on the one hand, on the strength of impulses generated by the regional center, and on the other hand, is determined by the local economic capacity and ability to absorb the impacts of the regional center and other local growth poles.

scholarly journals Anti-crisis state regulation of business under pandemic conditions: results and challenges

2021 ◽  
Vol 187 (1-2) ◽  
pp. 90-98
Author(s):  
Nadezhda Shchukina ◽  
◽  
Victoria Varfalovskaya ◽  
Anna Bekaeva ◽  
Luis Salinas ◽  
...  
Keyword(s):  
Economic Crisis ◽  
State Regulation ◽  
Critical Situation ◽  
Global Economic Crisis ◽  
The Government ◽  
Medium Businesses ◽  
The Impact

The purpose of the research is to identify the main trends and also a model for businesses during COVID-19 pandemic. We focuse on the study of the results of state regulation of business under pandemic conditions and the related global economic crisis. The impact of a number of anti-crisis measures implemented by the Government to support small and medium businesses is studied. The problems of development and survival of enterprises in a down economy are identified and the solutions are suggested. The measures taken by the government to prevent wave of bankruptcies during the pandemic are analyzed. The scenario problems facing the business in the context of COVID-19 crisis are identified. In addition to examining the effect of COVID-19 on small and medium-sized businesses, this article also suggests operational steps to overcome this critical situation.

scholarly journals The Prospect of Eurasian Integration After the Great Global Economic Crisis of 2008-2020

2021 ◽  
pp. 19
Author(s):  
Vasily Koltashov
Keyword(s):  
Economic Crisis ◽  
Global Capitalism ◽  
Interstate Cooperation ◽  
Eurasian Economic Union ◽  
Production And Consumption ◽  
Global Economic Crisis ◽  
The Face ◽  
Economic Union ◽  
The Impact ◽  
The Relationship

The article examines the impact of the great global economic crisis of 2008-2020. on Eurasian integration, the relationship between the old and the new center of global capitalism. An analysis is made of what results, for what reasons and how the further construction of the Eurasian Economic Union (EAEU) will lead in the face of the unfriendliness of Western states and a simultaneous crisis of their strategy in the economy and politics. Namely: the formation of a large continental market, a stable system of interstate cooperation, the implementation of an interethnic protectionist policy that encourages production and consumption within the EAEU. The prospect of such development makes the project attractive for countries outside Eurasia, which leads to the birth of the Eurasian consensus as an international economic and political agenda.This will largely become decisive for the global economic agenda for 2021-2045, that is, for the period of a new upward wave according to N.D. Kondratyev.

ANTI-CRISIS STATE REGULATION OF BUSINESS IN THE CONTEXT OF A PANDEMIC: RESULTS AND PROBLEMS

2021 ◽  
Vol 1 (4) ◽  
pp. 73-79
Author(s):  
E. V. KHOMUTOVA ◽  
◽  
N. F. SHCHUKINА ◽  
Keyword(s):  
Economic Crisis ◽  
State Regulation ◽  
The State ◽  
Global Economic Crisis ◽  
The Government ◽  
The Impact

The article is devoted to the study of the results of state regulation of business in the context of a pandemic and the associated global economic crisis. The impact of the system of anti-crisis measures, implemented by the Government of Russia, to support small and medium-sized businesses has been studied. The problems of development and survival of enterprises in a crisis economy are identified and the ways of their solution are proposed. The measures taken by the state to prevent massive bankruptcies during the pandemic are considered.

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