The economic policy of the Latin American countries during the emergence of the multipolar world

2020 ◽  
Vol 8 (8) ◽  
pp. 1581-1596
Author(s):  
A.M. Chernysheva
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Latin American ◽  
Global Economy ◽  
Systems Approach ◽  
World Order ◽  
Economic Security ◽  
Economic Policies ◽  
The Usa ◽  
Latin American Countries

Subject. As the global economy currently evolves during the emergence of the multipolar world, emerging countries strive to diversify their foreign trade and gradually escape the strict impact of the leading economies. In the multipolar world countries need their economic policies to ensure the national economic security. Objectives. I examine the foreign trade in some countries of Latin America and economic alliances there. I also evaluate trends in the development of export and import indicators of Brazil, trace the trajectory of their further development by country. Methods. In this study, I analyze documents in public domain, including statistical data on exports and imports of Brazil with reference to the USA, China, Russia, Germany, France, Argentina, Uruguay and Paraguay. The study is based on the systems approach, comparative and statistical methods of data research. Results. Nowadays, in the current economic situation worldwide the multipolar order gains momentum. Foreign trade is being actively diversified by those countries that fall into geopolitical pursuits of leading economies. Conclusions and Relevance. Diversifying the foreign trade and adhering to the multi-faceted economic policy, countries will ensure their economic security notwithstanding the multipolar world order. Currently, the Latin American countries take much effort to diversify their foreign trade, though they are strongly influenced by the USA as an area of their geopolitical ambitions. I should mention a growing importance of China in areas of someone else's geopolitical interest.

Transforming the world order amid the emerging multipolarity: Evidence from the African continent

2020 ◽  
Vol 16 (11) ◽  
pp. 2180-2198
Author(s):  
A.M. Chernysheva
Keyword(s):  
South Africa ◽  
Foreign Trade ◽  
Global Economy ◽  
World Order ◽  
Development Trend ◽  
Economic Security ◽  
Sub Saharan Africa ◽  
The World ◽  
The Usa ◽  
Sub Saharan

Subject. As the world becomes more multipolar, global leaders change their approaches to capture the areas they dominate. Currently, advocates of the Western and Eastern models clash, with the latter demonstrating a greater efficiency. Objectives. I examine the foreign trade of the countries in Sub-Saharan Africa, including South Africa, assuming that the region's countries are teetering on the edge of the Western and Eastern approaches to determining the domination area of the leading country. Methods. The study is based on the systems approach, comparative and statistical methods for reviewing exports and imports of Sub-Saharan Africa, illustrating the case of South Africa. Results. As the global economy currently develops, the multipolar world and its emergence are showed to gain momentum, with Sub-Saharan Africa actively diversifying their foreign trade. I mention the way the USA, EU, China, India and Russia influence the region and evaluate development trends in south Africa's exports and imports, setting their further development trend. Notwithstanding the noticeable impact of the USA, Sub-Saharan Africa establish regional alliances and tend to follow the course of other States, with China becoming increasingly important. Conclusions and Relevance. Transforming the world order into the multipolar format, the third-world countries should diversify their foreign trade, following multiple vectors in their economic policy, thus ensuring their own economic security and an opportunity to raise their significance regionally and internationally.

scholarly journals The External Component of National Economic Security

2020 ◽  
pp. 425-437
Author(s):  
Olena Bulatova ◽  
Mykola Trofymenko ◽  
Oleksandr Karpenko ◽  
Eduard Fedorov
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
National Security ◽  
Global Economy ◽  
Economic Security ◽  
National Economic ◽  
External Component ◽  
National Governments ◽  
The Impact ◽  
National Economic Security

The purpose of this paper is to determine the impact of the foreign trade component on the formation of national economic security. Transformations occurring in the world’s economic development, the deterioration of the global financial environment, and increasing geopolitical tensions have intensified the main risks to the development of the global economy in today’s conditions. Therefore, national governments are actively using a wide range of tools to ensure economic growth and the appropriate level of competitiveness of their respective economies while ensuring national security, which is relevant for the study of the external component of national economic security. To achieve the aim, general scientific and specific research methods are used, such as methods of analysis, abstraction and synthesis (in the study of protectionism as a policy and practice, instruments of neo-protectionism); methods of classification and systematic generalization (to systematize the forms of protectionism and neo-protectionism); economic and statistical methods (to assess the impact of foreign trade on the development of national economic security). It is demonstrated that the intensification of the risks to the development of the global economy has led to the transformation of trade policies, changes in the use of foreign trade regulation instruments, which affects the economic security of various countries as a major component of their national security. The modern trade and economic policy toolbox used by various countries to ensure national security is analyzed. A comparative analysis of the development of foreign trade of the EU and Ukraine has been carried out, and the features of the influence of the foreign trade component on the formation of economic security have been determined. It is demonstrated that, in the conditions of a global economic crisis, hidden forms of protectionism implemented at various levels of economic policy (global, regional, national), have spread. A classification of specific features and forms of neo-protectionism, that distinguish it from protectionism, is proposed. It is substantiated that global processes encourage national governments to implement deregulatory measures and improve the quality of institutions, while regulated economies contribute to the spread of corruption and grey areas in national economies.

Assessment of Poland's Economic Policy During te Crisis

2013 ◽  
Vol 8 (3) ◽  
pp. 195-210
Author(s):  
Stefan Krajewski
Keyword(s):  
Economic Policy ◽  
Pension System ◽  
Fiscal Sustainability ◽  
Economic Policies ◽  
Role Of The State ◽  
The Usa ◽  
Reducing Costs ◽  
Polish Economy ◽  
Favorable Conditions ◽  
The Eu

The rapid weakening of economic activity, covering most states in the world, gives rise to a lively discussion on the choice of methods to tackle the crisis, the legitimacy and effectiveness of various economic policies, the role of the state and the scope of its intervention in the economy. The paper evaluates the Polish economic policy in recent years. This refers to the situation prevailing in the EU and the USA. I conclude that the Polish economy during the crisis remained relatively stable, without having to provide the emergency aid from the outside. The development of such a situation has been affected by different reasons, including: - The benefits of the so-called "backwardness rent", which resulted, among others, in the inflow of EU funds (Poland was in 2007-2013 and in will be in 2014-2020 the biggest beneficiary of the EU budget); - The effects of decisions on changes in the tax and social security, taken for political reasons (before the crisis); - The controversial withdrawal from the funded pension system, reducing the budget deficit and public debt; - The prudent monetary policy and anti-inflation policy pursued over many years. Actions taken in Poland are primarily focused on reducing costs, which differs quite significantly from the economic policy dominant in the U.S. and the "old" EU countries which generally pursue expansionary fiscal policy and a policy of cheap money. Polish solution facilitates the achievement of short-term fiscal sustainability, but does not create favorable conditions for the development in the long-term (insufficient investment, petrification of economic structure, lack of innovation). 

scholarly journals Exchange rate policy, growth, and foreign trade in China

2011 ◽  
Vol 56 (190) ◽  
pp. 103-139 ◽  
Author(s):  
Mirjana Gligoric
Keyword(s):  
Exchange Rate ◽  
Foreign Trade ◽  
Foreign Exchange ◽  
Global Economy ◽  
Trade Deficit ◽  
Exchange Rate Policy ◽  
Negative Effects ◽  
Bilateral Relations ◽  
The Usa ◽  
Rate Policy

This paper analyzes a hot topic: the influence of an undervalued currency on macroeconomic variables - primarily on the economic growth and trade balance of a country, but also on employment, foreign exchange reserves, competition, and living standards. It also reviews and explains the consequences of yuan undervaluation, points out the need for its appreciation, and states the negative effects that stem from this measure. Special attention is given to the problematic bilateral relations between China and the USA and the reasons why Americans are worried about the exchange rate policy that China implements. Although yuan appreciation would decrease the American foreign trade deficit, it also raises the question of further financing of the American deficit. There are also other problems that the possible appreciation would cause for the American economy, due to the effect of J-curve, passthrough, larger costs of input imported from China, etc. Therefore, Chinese foreign exchange policy is an important subject, but it is not the solution to the problems of the global economy - which have deeper roots than that. However, there is no excuse for China implementing unfair exchange rate policies, or replacing such policies with controversial protectionist policies (as some authors have suggested).

Brazil in the Context of the Commercial War Between USA and China

2020 ◽  
Vol 12 (1) ◽  
pp. 80-92
Author(s):  
Maria de Fatima Silva do Carmo Previdelli ◽  
Luiz Eduardo Simoes de Souza ◽  
Rodolfo Francisco Soares Nunes
Keyword(s):  
South Africa ◽  
Latin America ◽  
Latin American ◽  
Economic Policies ◽  
American Continent ◽  
Coup D'etat ◽  
The Us ◽  
The Usa

Since the start of the commercial war between the USA and China in 2018, Brazil has changed many of its previous alliances in order to become the interest representative of the USA in Latin America. After the coup d’état of 2016, Brazil has taken progressive actions in order to distance itself from the previous partners at BRICS (Brazil, Russia, India, China, and South Africa) to get closer to the USA. The arrival of the new Brazilian president in 2019, a declared representative of US interests in the Latin American continent, has increased the pace of such measures. This article aims to explain the main actions taken by the USA and China in that context and how Brazil has adapted to take sides in that scenario, moving away from the BRICS group (now RICS since the B stands for Brazil) and toward the US foreign and economic policies.

European franchise expansion into Latin America

2015 ◽  
Vol 38 (2) ◽  
pp. 149-165 ◽  
Author(s):  
Verónica Baena
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Latin American ◽  
Political Stability ◽  
Market Potential ◽  
Geographical Distance ◽  
Market Conditions ◽  
Content Type ◽  
The Usa ◽  
Latin American Countries

Purpose This study aims to enhance the knowledge that managers and scholars have on franchising expansion. In this sense, it is worth mentioning that although the body of literature on international management focusing on emerging markets is growing, the attention paid to the Latin American context continues to be limited. This is surprising given the substantive economic importance of the region with a population over 590 million, and a gross domestic product of approximately US$5 trillion. To cover this gap, the present study examines how a number of market conditions may drive diffusion of franchising into Latin America: geographical distance, cultural distance, political stability and economic development. The authors also controlled for the host country’s market potential, transparency, unemployment rate and efficiency of contract enforcement. Design/methodology/approach This study uses a quantitative approach applied to a sample of 77 Spanish franchisors operating through 4,064 franchisee outlets across 21 Latin American countries in late 2012. They are: Argentina, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominican Republic, Bolivia, Ecuador, El Salvador, Guatemala, Haiti, Honduras, Mexico, Nicaragua, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela. Findings Results conclude that geographical distance between the host and home countries, as well as the level of host country’s political stability, economic development, market potential and transparency are able to drive the spread of international franchising across Latin American nations. Research limitations/implications This study provides readers with a general overview of the current state of global franchising diffusion overseas. Results obtained in this study are useful for understanding and predicting the demand for franchising in Latin American countries. Practical implications Economics reports argue that by 2050, the largest economies in the world will be China, the USA, India, Brazil and Mexico. This fact highlights the substantive importance of Latin America for foreign investors willing to expand their business abroad. In an attempt to give insights from the Latin American context, the present paper develops and tests a model that can be useful to franchisors willing to establish new outlets in the region. In addition, our findings offer guidance to firm managers seeking to target their franchises in Latin America. Franchisors may then use the results of this study as a starting point for identifying such regions whose characteristics best meet their needs of expansion. Originality/value This paper explores how market conditions may drive international diffusion of franchising into Latin American markets. The scant theoretical or empirical attention given to this topic has usually been examined from the USA and British base and focused on developed markets. To fill this gap, the present study analyzes the international spread of the Spanish franchise system into Latin America as a market for franchising expansion.

Economic Policy and Class Structure in Syria: 1958–1980

1984 ◽  
Vol 16 (3) ◽  
pp. 301-323 ◽  
Author(s):  
Syed Aziz-al Ahsan
Keyword(s):  
Economic Policy ◽  
Foreign Trade ◽  
Social Stratification ◽  
Class Structure ◽  
Economic Policies ◽  
Land Reforms ◽  
The Impact

It is indeed an interesting endeavor to investigate the impact of economic policies on social stratification. Doing so enables us to see to what extent economic policies bring changes in class structure in a society. We take the case of Syria to study its economic policies and their accompanying impact on the evolving pattern of the Syrian elite from the late 1950s to the early 1980s and then look at accompanying impact on class structure.The two poles or aspects of this paper are (1) economic policies themselves and (2) their impact on class structure. The question that we are going to raise in the first pole is the following: what is the nature of the economic policies? This refers to land reforms, industrial and commercial reforms, and foreign trade controls.

Economic Policy and Latin American Culture: Is a Virtuous Circle Possible?

1999 ◽  
Vol 31 (1) ◽  
pp. 167-190 ◽  
Author(s):  
DAVID E. HOJMAN
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Latin American ◽  
Cultural Change ◽  
Traditional Culture ◽  
Economic Policies ◽  
Cultural Attitudes ◽  
Poverty And Inequality ◽  
Latin American Culture

Economic development is positively related to the presence of favourable cultural attitudes (‘progressive values’): the radius of trust, the ethical system, the nature of the exercise of authority, and attitudes to work, savings, and innovation. This article explores the possibility of a virtuous circle linking economic policies and Latin American cultural attitudes, mostly using examples from Chile since the mid 1980s. The link from culture to development emerges from education, economic awareness and professional economics, and the traditional culture and spontaneous cultural change. The link from economic policy to culture is represented by developments in macroeconomics and the financial sector, industrial protection and free trade, and female participation in the labour market. The role of poverty and inequality, and the effectiveness of exhortation versus incentives, and of concentrating the effort on several specific groups, are also examined.

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