scholarly journals Features and Prospects of Building a Two-Contour Monetary and Financial System at the National and Regional Level

2020 ◽  
Vol 14 (1) ◽  
pp. 26-33
Author(s):  
E. A. Zvonova ◽  
A. V. Kuznetsov ◽  
V. Ya. Pishchik ◽  
S. N. Silvestrov
Keyword(s):  
Global Economy ◽  
Industrial Revolution ◽  
Economic Security ◽  
Social Market Economy ◽  
Dialectical Approach ◽  
Monetary System ◽  
Social Risks ◽  
The Usa ◽  
The Creation ◽  
Social Market

Topic. The aggravation of geopolitical, environmental and social risks creates new uncertainty in international economic relations. The challenges of the fourth industrial revolution reinforced the monetary, financial and commercial-industrial confrontation between the old and new leaders of the global economy in an effort to maximize individual access to global financial, informational, natural, intellectual and technological resources. In the course of toughening global competition, the USA, as the issuer of the key reserve currency, continues to use the “exorbitant privilege” — extracting investment and financial rent from the global turnover of goods and services. The need to ensure economic security and maintain financial sovereignty in the context of ongoing economic sanctions encourages Russia to actively participate in the creation of a payment and settlement infrastructure independent of the US dollar.Purpose. The article aims to summarise the experience of managing the economy based on the two-contour monetary system; secondly, to justify its use in creating an independent system of mutual settlements in the EAEU countries in the context of de-globalization and sanctions.Methodology. In the study, we applied a dialectical approach. In conducting the study, we used general scientific methods of analysis, synthesis, generalization, as well as methods of systemic, historical-logical and comparative analysis. Results. The functioning of a two-contour monetary system as a whole yielded positive and in some cases outstanding results of socio-economic construction and the creation of a new type of economy, such as, for example, the European model of the social market economy, the CMEA industrialization model, the Soviet economic model. A non-standard approach to the organization of financing of new industrialization in the Eurasian economic space was proposed based on the use of a two-contour monetary system. Conclusions. The implementation of the project of cross-border settlements between the EAEU countries using the experience of a two-contour monetary system is a promising direction for the development of cooperation between Eurasian countries on a new economic basis.

Embedding Liberalism

2021 ◽  
pp. 59-78
Author(s):  
Julian Germann
Keyword(s):  
Global Economy ◽  
The United States ◽  
World Market ◽  
Developmental Model ◽  
Social Model ◽  
Social Market Economy ◽  
The Novel ◽  
Prime Objective ◽  
Social Market

This chapter traces the long-term development of German capitalism from the vantage point of uneven and combined development. It argues that Germany’s postwar social market economy was built upon an externally oriented developmental model inherited from its belated insertion into the world market, and used to enroll capital and labor in a global export offensive. The underlying vision of Germany as the workshop of an advanced industrial and newly industrializing world coincided with the postwar plans of the United States for an open, multilateral global economy. And yet the chapter cautions that the prevailing image of Germany as a liberal “trading state” (Handelsstaat) that had traded power for wealth as its prime objective fails to capture the novel ways in which the German state, from the crisis of the 1970s onward, has come to exert its influence internationally to sustain this export-led social model.

The Main Priorities for the HR Management Stages in Germany. Agency of Labor (Arbeitsamt) As an Operator

2016 ◽  
Vol 5 (2) ◽  
pp. 10-19
Author(s):  
Кудайберген ◽  
Pirimkul Kudaybergen
Keyword(s):  
Personnel Management ◽  
Social Protection ◽  
Critical Conditions ◽  
Social Market Economy ◽  
The Past ◽  
Hr Management ◽  
The Social ◽  
Angela Merkel ◽  
The Usa ◽  
Social Market

The article highlights the social priorities, personnel management principles in Germany, which are based on the famous German «Ordnung» (step by step), the postulate of individualism. It is noted that the «Iron Chancellor» Bismarck developed the principles of social protection of the German personnel. These principles formed the basis of the German social market economy: providing working conditions, promotion of awareness and independence, encouraging responsibility. The article presents basic palette of social and fi nancial assistance to needy staff , which are provided through centers of employment and work of the Agency. The peculiarities of personnel management are indicating in the conditions of uncontrolled aggressive invasion of refugees in Germany. Gateways are opened for them «without limit» Chancellor Angela Merkel, acting only in the interests of the USA. This led to mass protests, similar to a civil war throughout the country. This article argues that in these circumstances, Germany needs a new Bismarck, who would once again strengthened Germany, with the support of Russia, as it was in the past. Russia could again become a partner of Germany, especially in the process of human resource management in the prevailing critical conditions, based on its invaluable experience in multinational and multi-confessional Russia.

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 Industry and Public Finance of the USA and Europe in the XXI Century — the Decline Anatomy

2019 ◽  
Vol 12 (1) ◽  
pp. 110-119
Author(s):  
A. Yu. Chernov
Keyword(s):  
United States ◽  
Global Economy ◽  
Industrial Development ◽  
Industrial Revolution ◽  
Free Market ◽  
Adam Smith ◽  
The United States ◽  
Market Model ◽  
Critical Examination ◽  
The Usa

The subject of the researchis the dynamics of industrial development in the USA and Europe over the past 15 years.The purpose of the paperwas critical examination of the widely accepted practice of studying the economy in terms of cost indicators. The paper analyzes primarily natural indicators that point to a deep industrial crisis in the United States and European countries who are losing their leadership in such innovative areas as electronics, semiconductor devices, robotics, renewable energy for reasons of a long-term gap in innovation and the chosen economic model. Until the beginning of the XX century, the USA and Europe developed on the principles of a free market economy formulated by Adam Smith that led to the industrial revolution in England while the USA went a century-long way to turn from an agrarian country into an industrial world leader. Other countries followed suit with varying degrees of success. After the global crisis of 1929 and the expansion of state participation in the economy, Marx–Keynes’s model, replaced Adam Smith’s market model. But since the 1970s, growth rates have declined sharply provoking deindustrialization; production facilities have been moving to third world countries; budget deficits and public debt have been increasing along with the accelerating unemployment, inflation and the influx of migrants. Any attempts to reduce social expenditures trigger powerful protests of the population and the loss of votes. The United States and Europe have fallen into a social trap from which so far no one sees a way out. As a result,it is concludedthat in 15 years, assuming the current trends continue, the United States and Europe will turn into ordinary regions of the global economy.The relevance of this study, compared with other publications on this subject, stems from the fact that the true situation in the country’s economy is determined according to the valuation of the country’s industrial output rather than based on the analysis of the GDP per capita.

scholarly journals Narrowing the Global Gap: Eco-Social Market Economy as New Perspective to Deal with Global Economic Inequality and Economic Insecurity in 21st Century

2017 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Reza A.A Wattimena ◽  
Anak Agung Banyu Perwita
Keyword(s):  
Market Economy ◽  
21St Century ◽  
Social Life ◽  
Economic Inequality ◽  
Economic Security ◽  
Social Market Economy ◽  
Negative Consequences ◽  
Economic Insecurity ◽  
New Perspective ◽  
Social Market

Global economic inequality, namely the economic inequality between various countries and regions, is one of the biggest challenges of 21st century. Thus, it has also become an important issue in economic security. It creates extreme poverty in the face of abundant living in several rich countries and regions. It is also the root of other global problems, such as human trafficking, spreads of slums, diseases, and international network of radicalism, extremism and terrorism. Because of the global scope, the world needs to develop new perspective in combating global economic inequality and its negative consequences. Eco-social market economy, which is developed from the German social theories, can offer such perspective. It balances between two important areas of social life, namely social justice on the one hand, and ecological awareness of the other hand. This paper elaborates the basic notions and implementations of eco-social market economy in global level to overcome the issue of global economic inequality in 21st century as a new perspective in addressing the issue of economic insecurity in our current global economic, political and security interactions.

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