The main trends in the development of export credit agencies in the world

2021 ◽  
Vol 27 (9) ◽  
pp. 2033-2049
Author(s):  
Hasan S. UMAROV
Keyword(s):  
Export Credit ◽  
State Support ◽  
Foreign Economic Policy ◽  
Trading System ◽  
The World ◽  
International Trading ◽  
Export Credits ◽  
The Stability ◽  
Export Credit Agencies

Subject. This article discusses the features and trends in the development of export credit agencies (ECA) in the world in the context of increasing competition of manufacturers for market share. Objectives. The article aims to show the peculiarities of the ECA's activities, reveal new aspects of their operation in modern conditions, and substantiate the need to change the international agreement in the field of export crediting and insurance. Methods. For the study, I used the comparative, statistical, and formal and logical methods. Results. The article shows the key role of ECA as an institution of State support for exports and a guarantor of the stability of the international trading system. It also finds that increased competition from Chinese and other ECAs that are not subject to the Arrangement on Officially Supported Export Credits – OECD rules, as well as the expanded role of ECA during the pandemic, necessitate uniform approaches to State support for exports of domestic producers at the WTO level. Conclusions. ECAs’ support remains one of the effective tools in implementing the State foreign economic policy and increasing the international competitiveness of certain sectors of the economy. The need to improve international rules on export credit and insurance to ensure the stability and sustainable development of international trade is becoming increasingly apparent.

Is there a role for extraretinal factors in the maintenance of stability in a structured environment?

1994 ◽  
Vol 17 (2) ◽  
pp. 258-258 ◽  
Author(s):  
Eugene Chekaluk
Keyword(s):  
Eye Movements ◽  
The World ◽  
Calibration Solution ◽  
The Stability ◽  
Perceptual Factors

The calibration solution to the stability of the world despite eye movements depends, according to Bridgeman et al., upon a combination of three factors which presumably all need to operate to achieve the goal of stability. Although the authors admit (sect. 4.3, para. 5) that the relative contributions of retinal and extraretinal factors will depend on the particular viewing situation, Figure 5 (sect. 4.3) makes it clear in its representation that the role of perceptual factors is relatively minor compared to extraretinal ones. It is with this representation that this commentary wishes to take issue, believing that it occurs as a result of some assumptions about terminology that may be ambiguous, as well as some misconceptions about the circumstances in which there is a need for stability.

Design and Construction of the Nchanga Copper Tailings Leach Plant Stage 3

1987 ◽  
Vol 201 (2) ◽  
pp. 77-90
Author(s):  
P R Hampsheir
Keyword(s):  
Process Design ◽  
Export Credit ◽  
Development Organizations ◽  
Full Production ◽  
Plant Stage ◽  
Copper Mines ◽  
The Third World ◽  
Transport Problems ◽  
Export Credit Agencies

The Nchanga Division of Zambia Consolidated Copper Mines Limited (ZCCM), the largest producing copper mine in the Commonwealth, has recently commissioned a new plant for reprocessing copper rich tailings. The tailings, some 140 million tonnes in total, are stored in large paddock dams. This paper records the problems and successes involved in completing the design, procurement and construction of the project, on time and ten per cent below budget. Design and project management was by Zambia Engineering Services Limited in Ashford, Kent, a subsidiary of ZCCM, and project funding was from a consortium of international hanks, export credit agencies and development organizations. The subjects dealt with include process design, project capital and funding, management, design and the use of models, estimating and cost control, planning, purchasing and procurement, construction and commissioning. The paper also highlights the problems associated with funding a new project of this type in the Third World in a depressed metals market, and the role of engineering in overcoming financial delays and transport problems. Commissioning started in April 1986 and the plant is now coming up to full production with a few, but not unexpected, problems bearing in mind the size and complexity of the plant. With the addition of stage 3 to the tailings leach plant at Nchanga throughput of ore is increased from 850 000 tonnes/month to 1500 000 tonnes/month and copper output by 40 000 tonnes/annum for a total cost of $250 M.

Shifting and sharing adjustment burdens: the role of the industrial food importing nations

1978 ◽  
Vol 32 (3) ◽  
pp. 655-677
Author(s):  
Robert L. Paarlberg
Keyword(s):  
Food System ◽  
Food Policy ◽  
Burden Sharing ◽  
Trade Policies ◽  
World Food ◽  
Poor Countries ◽  
The World ◽  
The Rich ◽  
The Stability

Too often world food problems are viewed as North-South problems, as matters to be resolved between rich and poor. In fact, most world food trade takes place entirely among the rich. The industrial nations of the European Community, Japan, and the USSR import more food today than all of the poor countries combined. These industrial food importing nations make a dubious contribution to the stability and security of the world food system. In different measure, they seek to shift adjustment burdens onto others, to enjoy something of a free ride. All have subsidized production for export in times of world surplus, and all have stepped ahead of poor countries to purchase high priced imports in times of scarcity. To these burden-shifting trade policies, the USSR in particular adds its own troublesome nonparticipation in most multilateral efforts at world food policy management. Prospects for improved burden sharing in the future are dim. Fortunately, the world food system still gains most of its stability and security from separate production decisions within nations, rather than from collective storage, trade, or aid decisions among nations.

scholarly journals Research Based on International Trade System and the Pursuit of Free Digital Trade

2021 ◽  
Vol 2 (4) ◽  
Author(s):  
Houqi Ji
Keyword(s):  
International Trade ◽  
Technological Change ◽  
Driving Force ◽  
The Internet ◽  
Trading System ◽  
Goods And Services ◽  
Cross Border ◽  
Data Flows ◽  
The World ◽  
International Trading

The world is witnessing the digitization of the production, exchange and consumption of goods and services in economy. The Internet and cross-border based data flows are becoming important trade channels as more products are traded online or with integrated functions that are based on digital connections. We emphasize the technical emergency element in existing international rules, which shows that technological change is a driving force for competitive regime creation and forum transformation, contributing to the process of fragmentation of the international trading system.

9 Official Funding Sources: Export Credit Agencies and Multilateral Development Banks

2015 ◽  
Author(s):  
Borisoff Alexander ◽  
Compton Andrew
Keyword(s):  
Project Finance ◽  
Export Credit ◽  
Working Capital ◽  
Multilateral Development Banks ◽  
Funding Sources ◽  
Loan Guarantees ◽  
Development Banks ◽  
Export Credits ◽  
Risk Insurance ◽  
Export Credit Agencies

This chapter provides an overview of official funding sources available in the project finance arena, including from export credit agencies, multilateral development banks, and governmental and quasi-governmental entities. The forepart of the chapter describes export credit agencies and multilateral development banks generally, as well as hybrid-type official funding sources. The second part of the chapter explores the types of funding these entities provide, including loans, loan guarantees, political risk insurance, working capital facilities, equity investments, and bond guarantees. The chapter concludes by assessing regulatory regimes applicable to export credit agencies, including the voluntary OECD Consensus or Arrangement on Export Credits that seeks to promote transparency among export credit agencies, and other common issues and considerations to explore when seeking funding by way of such an official funding source.

“Road Map” of International Trading System Reforming

2010 ◽  
pp. 10-18
Author(s):  
V. Obolenskiy
Keyword(s):  
International Trade ◽  
Economic Crisis ◽  
World Economy ◽  
Developed Countries ◽  
Trading System ◽  
Road Map ◽  
The World ◽  
International Trading ◽  
System Improvement ◽  
Working Out

The world financial and economic crisis has clearly demonstrated that the current principles and rules of the international trade were able to hold governments of most states off the impetuous protectionism, which allowed to insure the world economy against a deeper recession. However, the crisis has also depicted the importance of further international trade system improvement. In the article, the directions of working out of new agreements on future tariff and non-tariff barriers in international trade and actions encouraging its development are considered. At the same time, as accentuated in the paper, it is undeniable that there are flaws in the WTO activities, mainly the vivid bias to serving the interests of the most developed countries, which reasonably draws attention of many researchers-economists.

18. India and the World Trade Organization

2016 ◽  
Author(s):  
Amrita Narlikar
Keyword(s):  
Foreign Policy ◽  
Interest Groups ◽  
World Trade Organization ◽  
World Trade ◽  
Market Size ◽  
Foreign Economic Policy ◽  
Policy Goals ◽  
Major Player ◽  
The World

This chapter examines India’s emergence as a key player in the World Trade Organization (WTO) within the context of its foreign policy. It considers plausible mainstream explanations for India’s apparent rise to power, including growing market size, changing ideology, and the role of domestic interest groups in influencing foreign economic policy. It suggests that India’s emergence as a major player in the WTO can be explained by its negotiation behaviour. More specifically, it shows that India’s rise in the WTO is a product of decades of learning to negotiate within the specific multilateral rules of the organization (as well as its predecessor, the General Agreement on Tariffs and Trade (GATT)). The chapter also considers some of the problems that India’s WTO diplomacy raises within the trade context as well as its broader foreign policy goals.

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