scholarly journals The outlook of Islamic financial model in globalization's conditions

2018 ◽  
Keyword(s):  
Economic Model ◽  
Global Economy ◽  
Sustainable Growth ◽  
Financial Model ◽  
Economic Relations ◽  
Mena Countries ◽  
Batch Release ◽  
Legal Structures ◽  
World Economic ◽  
Islamic Economic

In the modern system of world economic relations, the concept of the Islamic financial model begins to take increasingly strong positions in the world economy. The subject of research of the article is the features of development and forecasts of the Islamic financial model in the global economy. The goal is to study modern trends of the Islamic financial model’s development; identify the features of the existence of the Islamic economy in the context of the global world economic system; determine the forecasts for the development of the Islamic economic model in the global economy; determine the effectiveness of the Islamic financial model in the context of modern economic realities; the formation of mechanisms for solving challenges associated with the development of the islamic economic model. General scientific methods are used, such as modeling, analogy, deduction, induction, generalization, classification, observation, comparison, measurement, experimental methods of research, abstraction, aggregation, statistical, graphical, logical-theoretical, historical-logical, methods of analysis, synthesis, comparative analysis, and others. The following results were obtained: on the basis of the analysis of manuals, monographs, scientific articles of Ukrainian and foreign scientists, reports of well-known analytical companies, statistical materials of international European institutes and institutions of MENA countries and resources of the global Internet. Conclusions: lack of greater standardization in legal structures and interpretation of Sharia. This is crucial in order to turn the industry on a sustainable growth path. It is necessary to show the market how to achieve standardization by introducing standard structures, documentation or steps that emitters must pass to make batch release simpler and more effective. If standardization is to be achieved, there will be more time for stakeholders to innovate and create new Islamic finance instruments that will boost growth.

scholarly journals EKONOMI POLITIK DALAM PEMBANGUNAN INDUSTRIALISASI GLOBAL

SIMAK ◽  
2018 ◽  
Vol 16 (02) ◽  
pp. 167-181
Author(s):  
Ely Steven Ingratubun ◽  
Wihalminus Sombolayuk
Keyword(s):  
Political Economy ◽  
Global Economy ◽  
Developed Countries ◽  
Global Competitiveness ◽  
Economic Relations ◽  
Economic Fundamentals ◽  
National Economic ◽  
The World ◽  
World Economic

The dynamics of globalization and liberalization of the world economy are moving so fast, encouraging increased openness of economic relations between nations. Through various trade agreements, such as APEC, AFTA and CAFTA, competition is increasing. According to the World Economic Forum on global competitiveness, Indonesia was ranked 69th (among 177 countries studied) in 2004 and fell to 74th in 2005 .. The development of industrialization in the global economy is a step strategy in response to economical globalization. The involvement of Indonesia in the global economic cooperation has increased its national commitment, both in undergoing economic liberalization and in developing its national economic competitiveness. This research illustrates Indonesia's political challenges in responding to the dynamic changes of the global economy. So this research is in the form of a literature review of the literature on political economy about the development of global industries as one of the central economies of a country, especially Indonesia in order to stabilize future economic fundamentals. This study aims to find out and explore the role of political economy in the development of global industries in each country, both developing and developed countries and this research to determine the extent to which the role of global industrialization affects the economy of a country in the future.

scholarly journals US-China Economic Confrontation: Ideology, Chronology, Meaning

2019 ◽  
Vol 19 (1) ◽  
pp. 35-46 ◽  
Author(s):  
Andrei Olegovich Vinogradov ◽  
Alexander Igorevich Salitsky ◽  
Nelli Kimovna Semenova
Keyword(s):  
United States ◽  
International Trade ◽  
Global Economy ◽  
The United States ◽  
Economic Competition ◽  
Economic Relations ◽  
The World ◽  
History Of ◽  
World Economic ◽  
Trade War

In summer 2018 the United States launched a trade war against China. Before that, there was a chance that both sides would find a compromise, some hopes were still in place during bilaterial negotiations in May. However, new US tariffs on import from China were imposed in July and August with the total of $50 billion. Beijing responded proportionally. September brought another round of US tariffs worth $200 billion. The successful economic growth of China leads to the transformation of the world economic space, where the leading positions are still occupied by the countries of the West. The new US administration, fearing economic competition, announced a policy of containing China. In this case, Washington is going to violate the existing rules of international trade. The tension in the economic relations of the United States and China is growing. The authors look into the history, ideology and details of the conflict between two major powerhouses of the global economy. They try to investigate how both countries will be affected by the emerging trade war, which is also challenging the whole system of international trade regulation. Besides, the conflict between Washington and Beijing is understood as a fundamental shift in the world economy and politics where rising powers take the lead in globalization. For the first time in the history of Sino-American relations economic tensions between the two sides have reached such a scale. Analysis of their consequences far exceeds the standard methods of assessment of trade policy measures.

scholarly journals Focus on the Inclusive Sustainable Growth of Mongolia - the Main Condition of Prosperity the Country in the System of the World Economic Relations

2018 ◽  
Vol 28 (4) ◽  
pp. 627-631
Author(s):  
Ulaan Chultem
Keyword(s):  
Developed Countries ◽  
Sustainable Growth ◽  
Inclusive Development ◽  
Competitive Advantages ◽  
Young Population ◽  
Economic Relations ◽  
The World ◽  
Comprehensive Development ◽  
World Economic ◽  
World Center

The article examines development trends of the world economy that is faced with a number of chronic and new problems impeding stable economic growth and sustainable inclusive development. This requires the implementation of a number of measures aimed at solving these problems on a supranational, global level. It is also necessary to encourage trade and investments and to support fair globalization geared towards sustainable comprehensive development. The author notes that Mongolia is well-paced to move into a group of highly developed countries, since it has rich natural resources, a young population, a developed infrastructure in the sphere of education and healthcare and, moreover, is located between two great countries - Russia and China (which form a new world center for economic development - BRICS). All of the above-mentioned can ensure the realization of its competitive advantages.

scholarly journals Economic Diplomacy as a Kind of Diplomatic Activities

2019 ◽  
Vol 9 (3) ◽  
pp. 65-72
Author(s):  
A. A. Lapin
Keyword(s):  
Global Economy ◽  
National Interests ◽  
Economic Relations ◽  
Economic Diplomacy ◽  
Bilateral Relations ◽  
The World ◽  
World Economic ◽  
Modern Economic ◽  
National Economies ◽  
Regional Associations

The article analyses economic diplomacy through the prism of modern Russian-German relations. Russia and Germany are the two largest countries in Europe. Their bilateral relations have the appropriate weight and importance. The concept of “economic diplomacy” does not have a strictly scientific definition, despite the fact it has long been used in the practice of regulating modern international economic relations. Together, bilateral and multilateral economic diplomacy form an effective mechanism for managing global processes, both in the interests of individual countries and the world community as a whole. It is economic diplomacy that allows us to balance the results of world economic development for national economies, groups of states and entire regions, without leading to a crisis of interstate institutions, regional associations and the escalation of trade and economic conflicts. At the same time, economic diplomacy, based on significant financial, organisational, information and other resources of the state, can become — in the case of ill-considered, impulsive use — a negative factor for the world economy, violating its integrity and established sustainable interdependence. Therefore, the most important task of modern economic diplomacy is the effective integration of national interests into the overall context of sustainable development of the regional and global economy.

scholarly journals SMALL AND MEDIUM-SIZED BUSINESS’ EXPORT SUPPORT IN TERMS OF GLOBAL ECONOMY CHANGED BY CORONAVIRUS

2020 ◽  
pp. 79-96
Author(s):  
E. V. Malysheva ◽  
A. V. Ratner
Keyword(s):  
Economic Activity ◽  
Global Economy ◽  
Supply And Demand ◽  
Technical Standards ◽  
Economic Relations ◽  
Support Measures ◽  
The World ◽  
Economic Trends ◽  
World Economic ◽  
National Economies

Modern conditions of the world economy are characterized by a significant restriction of world economic relations, which is caused by the coronavirus pandemic and the resulting decline in economic activity in national economies, which coincided with international sanctions practices and falling oil prices. This created new conditions for international trade and required export-oriented companies to adapt quickly. This ability is most inherent in small and medium-sized businesses, which can become the engine of the national economy, including through the implementation of export potential. The purpose of the analysis: taking into account the global economic trends caused by the coronavirus pandemic, to make recommendations on the development of export support measures for Russian small and medium-sized enterprises. Methodological support was provided by an analysis of the world economic situation and its forecasts, taking into account the opinions of domestic and foreign researchers, as well as an analysis of existing export support measures. The analysis showed that the pandemic factor contributed to the strengthening of geo-economic instability and fragmentation of the economic space. A decrease in economic activity leads to a reduction in exports and imports of countries, which changes the international maps of supply and demand. Under these conditions, state support for exports-informational, legal, consulting, marketing, analytical, and organizational – is valuable for small and medium-sized enterprises, taking into account the possibilities of digitalization, new foreign trade and legal realities, including sanctions practices, technical standards, and restrictions caused by the pandemic, based on industry specifics, and changing international supply and demand maps. Appropriate recommendations are proposed

Modern globalization: development of glocalization and fragmentation of the world economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Alexey Yu. Arkhipov ◽  
Alexey N. Yeletsky
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Comparative Modeling ◽  
Theoretical Concept ◽  
Modern World ◽  
Content Type ◽  
Economic Relations ◽  
The World ◽  
World Economic ◽  
Analysis System

PurposeThe purpose of the article is to analyze the contradictory trends in the development of the modern world economic system. The relevance of the topic is due to the multifaceted and ambiguous nature of regionalization, glocalization and fragmentation tendencies formed as the most important trends in the crisis of globalism.Design/methodology/approachBased on the classical methods of historical and functional analysis, system approach and comparative studies, the authors realized the research potential of modern methodological tools, alternative forecasting methods and comparative modeling, as well as special methods of economic globalistics and global political economy. Heuristic possibilities of the methodological–theoretical concept of glocalization of international economic relations are used.FindingsNew directions and opportunities for attaining regional and global geo-economic leadership are revealed and demonstrated. It is justified that glocalization does not lead to economic isolation in previously known historical forms but to priority realization of the interests of local economic entities included in the processes of globalization and subordinated to its patterns. Glocalization causes an increase in the role of local factors in the global development of the society, in particular of the global economy.Originality/valueIt is established that the so-called equilibrium zones (enjoying the advantages of an intermediary role in the interrelationships of large areas of the world economy, which are headed by geo-economic leaders) possess the potential for novelty in the dynamics of a globalizing economy. The article predicts the formation of a multidimensional and multilevel geo-economic multipolarity due to the reshaping of the global system of leadership in the world economy and due to the contradictory competitive relationships of its main centers.

Peculiarities of Modern Dynamics of the Global Economy

2010 ◽  
pp. 78-92 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Business Cycles ◽  
Global Economy ◽  
Long Waves ◽  
Rapid Expansion ◽  
Business Taxation ◽  
Modern World ◽  
China And India ◽  
World Economic

Rates and factors of modern world economic growth and the consequences of rapid expansion of the economies of China and India are analyzed in the article. Modification of business cycles and long waves of economic development are evaluated. The need of reforming business taxation is demonstrated.

Globalization of world economic relations and the change in Mongolia's position

2019 ◽  
Vol 17 (11) ◽  
pp. 2086-2095
Author(s):  
S.V. Ivanova ◽  
◽  
O. Ochirbat ◽  
Keyword(s):  
Economic Relations ◽  
World Economic

SPECIFIC FUNCTIONING OF INTERNATIONAL BUSINESS IN KEY COUNTRIES OF EASTERN ASIA

2020 ◽  
Vol 3 (7) ◽  
pp. 135-139
Author(s):  
K. D. GVASALIYA ◽  
Keyword(s):  
International Business ◽  
East Asian ◽  
Asian Countries ◽  
Eastern Asia ◽  
Economic Relations ◽  
Economic Role ◽  
East Asian Region ◽  
Doing Business ◽  
World Economic ◽  
Characteristic Features

The East Asian region plays an important economic role in the system of world economic relations, includ-ing one fifth of the world's population with a rapidly growing middle class and mobility that creates high consumer demand. The specifics of the functioning of international business in the key East Asian countries, including gov-ernment regulation, forms of doing business, characteristic features and stages of the formation of international business, differ significantly from those adopted in Western countries. Due to this, the study of the development and functioning of international business in the region is a relevant area of research. The article discusses the main specific features of the Asian business model, analyzes the specificity and forms of functioning of international business in the East Asian countries.

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