scholarly journals Competition Policy as a Strategic Determinant of Economic Development in the Post-pandemic Period: Management and Legal Aspects

2021 ◽  
Vol 39 (7) ◽  
Author(s):  
Nina Avanesova ◽  
Viktoriia Vovk ◽  
Natalia Reshetniak ◽  
Nataliia Volosnikova ◽  
Yuliia Yehorova
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Legal Aspects ◽  
Economic Situation ◽  
Economic Losses ◽  
Negative Effects ◽  
World Community ◽  
Cultural Life ◽  
The World

The state and tendencies of COVID-19 influence on the economic situation in the world are studied and the socio-economic losses suffered by the world economy during the pandemic are analyzed. The entire world community, starting in mid-December 2019, has come under the enormous influence of the World Coronavirus Epidemic, called COVID-19. The pandemic caused by this virus has already caused thousands of casualties around the world, imposed significant restrictions on the socio-cultural life of the population and radically changed the trends of the global economy. Today, it is difficult to predict what final human casualties and economic losses will be suffered by states in the short, medium and long term. However, it is important to consider individual economic development forecasts and measures selected by the governments of the world's leading countries to overcome the negative effects of the COVID-19 pandemic. This will allow to form a real vision of the possible course of economic processes that will directly affect the level of socio-cultural life of the population.and the real measures taken to stabilize the financial and economic situation at the micro and macro levels.

scholarly journals “The World Economy of Coronavirus”: Search for Optimal Ways to Overcome the Consequences of the Crisis

2020 ◽  
Vol 13 (3) ◽  
pp. 243-266 ◽  
Author(s):  
E. N. Smirnov
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
Negative Impact ◽  
Methodological Approach ◽  
Supply And Demand ◽  
Economic Regulation ◽  
Negative Effects ◽  
Investment Policies ◽  
The World

The current pandemic of COVID-19 has already become a test of strength for world economy and institutions of global economic regulation. The main goal of the article is to review existing research on the economy of pandemics focusing on COVID-19, and to develop a conceptual framework for further assessment of negative impact of COVID-19 on the economies of the world and ways to minimize this impact on economic development. The author’s methodological approach goes beyond the traditional interpretation of the pandemic economy; we use the term “coronavirus global economy” to show the unprecedented and comprehensive impact of a pandemic on the development of the world economy, the movement of factors of production, economic integration and economic growth. Under these conditions, many theories of economic development, the mechanisms of trade and investment policies need to be seriously reevaluated. The review shows that the increasing negative impact of COVID-19 on the global economy lies in the fact that it has not managed to recover from the global crisis of 2008 and was in a "pre-recession" state; the preparedness of countries to counter the pandemic was extremely low, and the institutions of international cooperation were paralyzed failing to develop measures to effectively protect against the current consequences of COVID-19. The review of the literature demonstrates the uniqueness of the current pandemic in terms of negative effects on both the supply and demand side of the global financial system, which is especially aggravated by the high debt burden of many countries. Globalization is considered to be the main determinant of the high spread of the coronavirus pandemic in both the medical and economic contexts, but at the same time, states remain fragmented and protectionist in terms of combating the pandemic.

scholarly journals Arctic Vector for German Foreign Policy

2021 ◽  
Vol 20 (2) ◽  
pp. 48-54
Author(s):  
Alexander Kotov ◽  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Global Climate ◽  
The Arctic ◽  
German Foreign Policy ◽  
World Community ◽  
Bilateral Relations ◽  
The World ◽  
Ambivalent Relationship

Germany updated its Arctic strategy in 2019. It is determined that in the context of achieving global climate goals this region for Germany to be one of the key ones. It is emphasized that the interests of Germany are in the sustainable supply of natural resources from the Arctic. The long-term Germany`s policy is formed by the informing the world community about the risks of further economic development of the macroregion for global climatic and environmental reasons, which is carried out within the framework of national policies by the Arctic countries. Russia is one of the key Arctic countries with which Germany closely cooperates in the region in the economic and scientific spheres. Based on the assessment of Germany's position on Russia’s Arctic strategy (2020), the paper analyzes the ambivalent relationship between the two countries in the Arctic macro-region with elements of confrontation and cooperation. The author concludes that Russia and Germany can productively cooperate in the Arctic at the level of regions and economic entities, using it at the same time as an implicit field for discussing the current complex agenda of bilateral relations

scholarly journals Eight New Challenges Faced by Global Economy

2021 ◽  
Author(s):  
Zhang Yuyan
Keyword(s):  
Global Economy ◽  
Commodity Prices ◽  
Economic Recession ◽  
Regional Governance ◽  
Inflation Expectations ◽  
Negative Effects ◽  
Monetary Policies ◽  
The World ◽  
Second World

Due to COVID-19, the world has experienced the most severe economic recession since the Second World War. Some "unconventional" monetary policies have been enforced in order to stimulate the economy, and their effectiveness is positively regarded by the IMF. However, this paper identifies two negative effects of these measures. Firstly, they exacerbate policy instability; secondly, they will be detrimental to the fundamentals of monetary policies in the long term. In addition, the world economy is also confronted with many challenges, including global inflation expectations, the trends of dollar as a currency, restructuring of global supply chain, volatility of asset prices and commodity prices, and global and regional governance.

Factors and Prospects for Overcoming the Socio-Demographic Crisis in Russia

2020 ◽  
Vol 144 ◽  
pp. 74-81
Author(s):  
Boris N. Kuzyk ◽  
◽  
Valentina G. Dobrokhleb ◽  
Tatiana Y. Yakovets ◽  
◽  
...  
Keyword(s):  
Economic Development ◽  
Present Article ◽  
Social Doctrine ◽  
Demographic Dynamics ◽  
The World ◽  
Socio Economic Development

Demographic crisis remains one of the main challenges to socio-economic development of Russia. The COVID–19 pandemic has aggravated preconditions for a possible recovery from depopulation. The present article substantiates the need to develop and approve the RF social doctrine upon completion of national projects in 2018–2024. The authors suggest their own approach to overcoming the socio-demographic crisis with regard to the long-term demographic dynamics in Russia. Various scenarios of the “post-coronavirus” future of both specific countries and the world as a whole are proposed.

scholarly journals Countryís Competitiveness and Sustainability in the Context of the Higher Education System Reforms

2013 ◽  
Vol 15 (1) ◽  
pp. 73-83 ◽  
Author(s):  
Elita Jermolajeva ◽  
Ludmila Aleksejeva
Keyword(s):  
Higher Education ◽  
Economic Development ◽  
Education Reform ◽  
Education System ◽  
Global Economy ◽  
Middle Term ◽  
Higher Education System ◽  
National Economic ◽  
Quantitative Indicators

Abstract The accumulation of knowledge and its use have become important factors that promote economic development as they contribute to a countryís competitiveness in the global economy. The basic significance of research is obtained by defining new approaches in the organisation, function and efficiency of the higher education system (HES) by emphasising its qualitative aspects. The aim of the article is to describe the influence of education reform on economic competitiveness, paying a special attention to analysing and evaluating international experiences from an interdisciplinary perspective, including economics, pedagogy, etc. Quantitative indicators are used to characterise specific features of the HES and the interaction of this system in the overall context of state development. Some aspects of the Latvian HES are also analysed. The economic activity of inhabitants often directly depends on their level of education. In order to reorganise the Latvian HES and increase its competitiveness and efficiency, thus ensuring quality and availability, the Latvian education system must define a middle-term (4ñ5 years) and long-term (10ñ15 years) development plan that is coordinated with national economic development.

scholarly journals Influence of political turbulence on economic development of Ukraine

2019 ◽  
pp. 22-36
Author(s):  
Taras Marshalok
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Economic Situation ◽  
Political Factors ◽  
Political Transformations ◽  
Political Cycles ◽  
Economic Sphere ◽  
Macroeconomic Indicators ◽  
Economic Imbalances

Introduction. The influence of political factors on economic processes in Ukraine is extremely important. Changes in political elites, their use of certain social and economic instruments, types and models, affect the state of social and economic development of the country in the short, medium and long term. That is why research and analysis of the economic situation in political cycles is an important issue that needs to be studied. Methods. The theoretical and methodological basis of the research are the fundamental positions of modern economic theory, scientific works of scientists on the problems of economic cycles. The general development of the Ukrainian economy under the influence of political factors is analyzed in the course of the research on the basis of the historical approach, as well as the method of analysis and synthesis used to determine the influence of political cycles on the development of the country's economy, abstraction and synthesis, comparison and analogy when comparing the results obtained by researchers and establishing the possibility of their use for carrying out tasks for the prevention of economic imbalances. Results. The article deals with the influence of political cycles on the economic situation, the dynamics of macroeconomic indicators and economic development in Ukraine. The main problems of economic policy are outlined and recommendations on elimination of economic imbalances and increase of welfare of citizens, increase of efficiency of fiscal measures in Ukraine are developed. It has been determined that in order to overcome the above-mentioned problems in the economic sphere in the process of elaboration of the economic development strategy for the long-term perspective, it is necessary to involve experts from among the scholars, business circles, expert analytical organizations in forming the directions of implementation of fiscal policy in the long-term perspective, as well as to ensure transparent and open relations. between state authorities and other actors in the social and economic sphere. Discussion. The study of political transformations and the analysis of their impact on economic fluctuations will enable future researchers to use better the results of their work to prevent economic imbalances in Ukraine. Keywords: prime minister, politics, economy, gross domestic product, taxes, expenditures, deficit, public debt, inflation, personal incomes, currency rate.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

LONG-TERM VISION OF DEVELOPMENT IN POST COVID-19 ERA: A NORMATIVE THEOREM IN WORLD PERSPECTIVE.

Ensemble ◽  
2021 ◽  
Vol SP-1 (1) ◽  
pp. 30-34
Author(s):  
Somenath Halder ◽  
◽  
Sourav Paul ◽  
Keyword(s):  
Gross Domestic Product ◽  
Human Resource ◽  
Human Activity ◽  
Global Economy ◽  
Human Existence ◽  
Global Village ◽  
The World ◽  
To Come ◽  
World Perspective

The present study seeks to find a reliant philosophy of development in the post COVID-19 times to come. Since being contiguous, the Novelcoronavirus has switched almost every human activity uncertain all over the world. Rather the health emergency in this pandemic has strangled human existence on this planet which every country and government are fighting against. Like many others, global economy and development are under severe threat that tend us to chalk out a theorem to be mechanized for bringing the global village back into normalcy. The paper delves deeper to establish a connection of development with wellbeing, keeping human resource at the center of significance. It also measures the interrelation of wealth, economy and development with human resource and suggests a balanced prioritization of the same in terms of accelerating Gross Domestic Product (GDP). As the future after COVID 19 will not be the same like before, even after the pandemic being over, the proposed theorem tries to contemplate the global economy with a new outlook of long-term development.

scholarly journals CULTURAL HISTORICAL MEMORIES AND OBJECTS AND THEIR NATURE ON THE ECONOMIC DEVELOPMENT OF RURAL TOURISM IN THE MUNICIPALITY OF BEROVO

2019 ◽  
Vol 26 (6) ◽  
pp. 1649-1652
Author(s):  
Vladimir Kitanov
Keyword(s):  
Twentieth Century ◽  
Economic Development ◽  
Global Economy ◽  
Rural Tourism ◽  
Small Country ◽  
Physical Strength ◽  
Peace Of Mind ◽  
The World ◽  
Local Initiatives ◽  
Historical Memories

Tourism is one of the largest and fastest growing economies in the world, which began to develop in the early twentieth century as an activity in which only a small group of property people can enjoy. Today, tourism is gradually becoming a mass phenomenon. Tourism, as a branch, occupies a significant place in the global economy, as its development improves not only the conditions for staying tourists but also the living conditions of the local population.We live in a small country, but it is abundant with too many natural beauties that enable the development of this branch. These beauties are not sufficiently used for tourism promotion of the country in the world (especially the eastern part of the country).Few people are familiar with the magnificent localities, beauties and potentials of the Malesh - Pijanec region, a region that has great potential and capacity for tourism development, local initiatives, events and events that can be recognized locally, nationally and internationally.In addition to the natural treasures of this region that will "restore" your physical strength, the Berovo municipality is the end of the largest number of churches and monasteries that will help you find peace of mind and tranquility.

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