scholarly journals The Impact of Globalisation on Employment Statute Related to Employers in Zimbabwe

2021 ◽  
Vol 10 (4) ◽  
pp. 42-65
Author(s):  
Cleopas Fore ◽  
◽  
Wilfred Ukpere ◽  
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Positive Impact ◽  
Social Aspects ◽  
Special Economic Zones ◽  
The World ◽  
Contract Of Employment ◽  
Labour Legislation ◽  
Economic Zones ◽  
The Impact

Globalisation led to the reduction of barriers between countries and intensified international interdependency such that developments unfolding in a faraway country now affect the rest of the world in economic, political and social aspects (Giddens, 1990). The Zimbabwean labour market and its national labour legislation has not been spared from the impact of globalisation. Zimbabwean labour legislation had had several amendments from its inception in 1985 to date. The amendments done at each epoch had caused serious outcry from both labour and business with the main accusations arising from unions who claimed that the effects of globalisation and government’s desire to lure foreign direct investment (FDI) led to serious bias towards employers. It is against this background that this article’s objective is to interrogate the impact of globalisation on labour legislation for employers. The article adopted a qualitative paradigm and made use of interviews and participants' memoirs to understand this phenomenon. Results were analysed thematically by use of both Nvivo 10 and manual coding. Results showed that globalisation has impact on labour legislation for employers. Foreign direct investment and special economic zones were identified as drivers of globalisation responsible for positive impact on labour legislation for employers by influencing deregulation of unfriendly employment laws, instituting flexible contract of employment, easy termination of contracts of employment and giving immunity from dictates of the labour laws for employers operating in special economic zones. The positives of globalisation for employers resulted in direct negatives for employees. The article recommends that employers need to put into context both globalisation dynamics and dictates of the labour legislation to ensure employee dignity and fair globalisation

scholarly journals THE ROLE OF SPECIAL ECONOMIC ZONES IN ATTRACTING FOREIGN DIRECT INVESTMENT TO DEVELOPING ECONOMIES

2020 ◽  
pp. 16-29
Author(s):  
L. V. Progunova ◽  
V. I. Masalytin
Keyword(s):  
Developing Countries ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Developing Economies ◽  
Well Being ◽  
Economic Downturn ◽  
Special Economic Zones ◽  
Geographical Regions ◽  
Economic Zones ◽  
The Impact

The article analyzes the possibilities of developing countries to use special economic zones (SEZs) to attract foreign direct investment (FDI) as a source of economic growth, especially in times of global economic downturn. Special economic zones have played and continue to play an important role as drivers of the global economy, passing through themselves about 30 percent of world trade and affecting the growth of well-being and prosperity of people around the world. Each zone is unique and has its own specialization. Subject to a well-thoughtout concept, political will, the maintenance of an adequate infrastructure, and the use of world best practices, SEZs help to attract investments to create jobs, increase income and export, receive foreign exchange, connect to international supply chains and develop indirect employment outside the SEZ, but inside economies that accept FDI. The impact of SEZs on FDI inflows is examined using examples from different geographical regions. More than two thirds of the SEZ managed to attract FDI to their territory, and about half – significant. The leaders in attracting foreign direct investment are zones created on the territory of developing countries and especially Asian states. Among the top ten zones for attracting FDI, eight zones have been created in the developing world. In our opinion, these results can be considered essential for the further study, use and improvement of the SEZ instrument as an investment driver of developing economies.

ANALISIS DETERMINAN KUALITAS LINGKUNGAN PERIODE 1999-2013

2016 ◽  
Vol 21 (1) ◽  
pp. 9-20
Author(s):  
Ersalina Tang
Keyword(s):  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Co2 Emissions ◽  
Direct Investment ◽  
Meat Consumption ◽  
Domestic Product ◽  
World Data ◽  
The World ◽  
The Impact

The purpose of this study is to analyze the impact of Foreign Direct Investment, Gross Domestic Product, Energy Consumption, Electric Consumption, and Meat Consumption on CO2 emissions of 41 countries in the world using panel data from 1999 to 2013. After analyzing 41 countries in the world data, furthermore 17 countries in Asia was analyzed with the same period. This study utilized quantitative approach with Ordinary Least Square (OLS) regression method. The results of 41 countries in the world data indicates that Foreign Direct Investment, Gross Domestic Product, Energy Consumption, and Meat Consumption significantlyaffect Environmental Qualities which measured by CO2 emissions. Whilst the results of 17 countries in Asia data implies that Foreign Direct Investment, Energy Consumption, and Electric Consumption significantlyaffect Environmental Qualities. However, Gross Domestic Product and Meat Consumption does not affect Environmental Qualities.

scholarly journals International Trade and Foreign Direct Investment as Innovation Factors of the U.S. Economy

2014 ◽  
Vol 41 (1) ◽  
pp. 60-75
Author(s):  
Tomasz M. Napiórkowski
Keyword(s):  
Foreign Direct Investment ◽  
International Trade ◽  
Direct Investment ◽  
Positive Impact ◽  
The United States ◽  
Annual Data ◽  
Main Portion ◽  
The Impact ◽  
Total Impact ◽  
The U.S

Abstract The aim of this research is to asses the hypothesis that foreign direct investment (FDI) and international trade have had a positive impact on innovation in one of the most significant economies in the world, the United States (U.S.). To do so, the author used annual data from 1995 to 2010 to build a set of econometric models. In each model, 11 in total) the number of patent applications by U.S. residents is regressed on inward FDI stock, exports and imports of the economy as a collective, and in each of the 10 SITC groups separately. Although the topic of FDI is widely covered in the literature, there are still disagreements when it comes to the impact of foreign direct investment on the host economy [McGrattan, 2011]. To partially address this gap, this research approaches the host economy not only as an aggregate, but also as a sum of its components (i.e., SITC groups), which to the knowledge of this author has not yet been done on the innovation-FDI-trade plane, especially for the U.S. Unfortunately, the study suffers from the lack of available data. For example, the number of patents and other used variables is reported in the aggregate and not for each SITC groups (e.g., trade). As a result, our conclusions regarding exports and imports in a specific SITC category (and the total) impact innovation in the U.S. is reported in the aggregate. General notions found in the literature are first shown and discussed. Second, the dynamics of innovation, trade and inward FDI stock in the U.S. are presented. Third, the main portion of the work, i.e. the econometric study, takes place, leading to several policy applications and conclusions.

The nexus between financial development and energy consumption: Estimating the role of foreign direct investment, economic growth and urbanization

2021 ◽  
pp. 0958305X2110453
Author(s):  
Jaleel Ahmed ◽  
Shuja ur Rehman ◽  
Zaid Zuhaira ◽  
Shoaib Nisar
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Energy Consumption ◽  
Financial Development ◽  
Latin American ◽  
Direct Investment ◽  
Negative Impact ◽  
Positive Impact ◽  
Supply And Demand ◽  
The Impact

This study examines the impact of financial development on energy consumption for a wide array of countries. The estimators used for financial development are foreign direct investment, economic growth and urbanization. The study employed a panel data regression on 136 countries with time frame of years 1990 to 2019. The model in this study deploys system GMM technique to estimate the model. The results show that financial development has a significant negative impact on energy consumption overall. Foreign direct investment and urbanization has significant impact on energy consumption. Also, economic growth positive impact on energy consumption its mean that economic growth promotes energy consumption. When dividing further the sample into different groups of regions such as Asian, European, African, North/Latin American and Caribbean countries then mixed results related to the nexus between financial development and energy consumption with respect to economic growth, urbanization and foreign direct investment. The policymakers in these different groups of countries must balance the relationship between energy supply and demand to achieving the sustainable economic development.

Casinos as Special Zones

2021 ◽  
Author(s):  
Juan Zhang
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Special Economic Zones ◽  
Economic Zones

This chapter offers a reflection on the speculative ways in which global casino hotels become new zones of development in many Asian destinations. As ultra-modern integrated resorts developed to boost tourism and foreign direct investment, these casino and entertainment enclaves carve out exceptional spaces in search of profit and legitimacy. Looking at casino establishments in Asia’s special economic zones, this chapter examines the development of casino zones as a strategy for progress in places still marred by underdevelopment. New casino zones create novel forms of territorialisation and responsibilisation, enabling differentiated biopolitics of control.

scholarly journals Positive impacts of foreign direct investment on socioeconomic development in Vietnam’s Southern Key Economic Region

2015 ◽  
Vol 18 (3) ◽  
pp. 18-29
Author(s):  
Hung Van Pham
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Socioeconomic Development ◽  
Special Economic Zones ◽  
Economic Region ◽  
Investment Environment ◽  
Policy Makers ◽  
Economic Zones ◽  
Positive Impacts ◽  
Fdi Attraction

This paper evaluates the attraction of foreign direct investment (FDI) and its positive impacts on the socioeconomic growth in the special economic zones in Vietnam’s Southern Key Economic Region. Findings of the study confirm theories of FDI attraction. In particular, to promote the socioeconomic development in each area, it is necessary to improve the investment environment and enhance the FDI. Furthermore, the findings also provide researchers and policy makers a more comprehensive understanding about the current situation of the FDI attraction in the special economic zones in the Vietnam’s Southern Key Economic Region

scholarly journals THE IMPACT OF INNOVATION ON ECONOMIC GROWTH: THE SPILLOVER EFFECT OF FOREIGN DIRECT INVESTMENT

2020 ◽  
Vol 8 (2) ◽  
pp. 708-714
Author(s):  
Nguyen Tran Thai Ha ◽  
Sobar M. Johari ◽  
Trinh Thi Huyen Thuong ◽  
Nguyen Thi Minh Phuong ◽  
Le Thi Hong Anh
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Research And Development ◽  
Direct Investment ◽  
Positive Impact ◽  
Spillover Effect ◽  
Empirical Method ◽  
Convincing Evidence ◽  
Positive Contribution ◽  
The Impact

Purpose of the study: Innovation is seen as the key to improving quality and productivity, thereby promoting competition and economic growth. This study analyzes the impact of innovation on economic growth through various measures, such as research and development spending, the number of researchers, number of patents as well as trademark registrations. Research results are evidence to recommend policies for intellectual-based economic growth. Methodology: Literature review and empirical analysis conducted in the study. The empirical method is a two-step System Generalize Methods of Moments (GMM), aiming at reliable results. Accessing the World Bank Database, research data from 64 developed and developing countries are collected from 2006 to 2014. Main Findings: The empirical findings show that innovation plays a crucial contribution in promoting economic growth, similar to national openness and government spending on education. This study also finds a positive impact on foreign investment flows and their spillover role in enhancing the correlation between innovation and economic growth. Applications of this study: The findings of this study focus on the contributions of innovation, foreign direct investment inflows, and other macro factors that can be enforced to improve economic growth by policymakers. Novelty/Originality of this study: The study uses different measures of innovation, including inputs such as the number of researchers, research and development expenditure, and outputs as the number of patents and number of trademark registrations. Empirical findings are found consistently, thus confirming that innovation is very important for economic growth. The study also shows convincing evidence confirming the positive contribution of foreign direct investment as well as its spillover effect on innovation and economic growth.

scholarly journals FOREIGN DIRECT INVESTMENT OF TNCS AS A FACTOR OF INNOVATION DEVELOPMENT

2021 ◽  
Keyword(s):  
Foreign Direct Investment ◽  
Mergers And Acquisitions ◽  
Direct Investment ◽  
New Technologies ◽  
Production Systems ◽  
Cumulative Effect ◽  
Business Culture ◽  
The World ◽  
Knowledge Intensive ◽  
The Impact

This article considers modern approaches to the impact of foreign direct investment (FDI) of TNCs (transnational corporations) on innovative development, examines the cumulative effect of technology transfer, and highlights the main factors stimulating economic growth. The technological effect has been studied on the example of creating branches of foreign companies, intensifying competition with national companies, which stimulates productivity, as well as promotes the transfer of new forms and methods of management, skills in production, and business culture by national producers.Based on the analysis of innovative projects, statistical data from UNCTAD and other international organizations, the trend of declining FDI inflows in the world as a whole and individual countries, reducing the number of mergers and acquisitions (M&A) of TNCs in the COVID-19 pandemic investigated. Research and new technologies are considered as the basis for the success of the Top 50 – the most innovative companies that give impetus to the development of knowledge-intensive industries. The application of a comprehensive integration strategy of TNCs through the transformation of a fragmented production system in the production and distribution network is determined. The strategy is implemented at the global or regional levels. The tendencies of development of innovative TNCs at the expense of increase of knowledge-intensive technologies creation, an increase of their efficiency because of the use of advantages of the international movement of the capital, and placement of new innovative branches are defined. The importance of development research and development work (R&D) is the main factor in the progress of radical innovations that underlie the success of innovative companies around the world. The advantages of using knowledge-intensive technologies to increase the efficiency of TNC production and taking advantages of global value chains are noted. Cross-border mergers and acquisitions applied in the strategy of TNCs to develop international markets and achieve technological leadership through the effective use of global production systems are considered.

scholarly journals KAWASAN EKONOMI KHUSUS DAN PEMBANGUNAN EKONOMI REGIONAL: SEBUAH STUDI LITERATUR

2020 ◽  
Vol 1 (2) ◽  
pp. 40-54
Author(s):  
Nurafni Irma Suryani ◽  
Ratu Eva Febriani
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Regional Economy ◽  
Positive Impact ◽  
Special Economic Zones ◽  
Literature Study ◽  
Economic Growth Rate ◽  
Economic Zones ◽  
The Impact

Special Economic Zones are very important for the progress of an area. SEZ is able to contribute to the regional economy and increase economic development by providing direct and indirect effects. The purpose of this study is to determine the impact of special economic zones on regional economic development. The object of this study is to explore the establish SEZ in Indonesia just only refer to two SEZs namely SEI Mangke and Tanjung Lesung. This research used literature study as a method. The results show that SEZ make the regional economy is starting to move towards a better direction. The role of two SEZs observed have different impact on regional economy, SEI Mangke has a positive impact on macroeconomy indicator such as reduced unemployment, reduced poverty and an increased economic growth rate in Simalungun Regency. Otherwise, Tanjung Lesung just has a positive impact on MSMEsKeywords: Unemployment, Poverty, Economic Growth, Pengembangan UMKM, SEZ Sei Mangke, SEZ Tanjung Lesung

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

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