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

scholarly journals CURRENT TRENDS IN ENSURING THE COMPETITIVENESS OF COUNTRIES IN THE GLOBAL ECONOMY

2020 ◽  
pp. 55-63
Author(s):  
Tetiana Marchenko ◽  
Vitalii Okhota
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
National Interests ◽  
National Importance ◽  
Theoretical Approaches ◽  
Modern Development ◽  
The World ◽  
Economy Globalization ◽  
National Economies

Introduction. Modern development of the world economy and especially the processes of globalization of the world economy, increasing the interdependence of economies, the formation of global commodity and financial markets have led to increased interest in the problem of increasing the competitiveness of countries involved in these processes. Issues of competitiveness at the level of the economy in the degree of urgency are among the issues of national importance, as they are closely linked to the achievement of dynamic economic development of the country and improving the living standards of its population. Methods. The theoretical and methodological basis of the study is the fundamental provisions of economics, the work of domestic and foreign economists to study the competitiveness of countries in the global economy. Materials of publications in periodicals, monographs on the researched problem are used in the article. Results. The main theoretical approaches to determining the competitiveness of countries in the global economy are considered in the article. The main functions of the state in strengthening the position of competitiveness of countries in the context of strengthening globalization are highlighted. Ukraine's positioning in the ranking of countries by the level of globalization is made and proposals are made to increase its competitiveness in the global economy. Discussion. The analysis of the positions of competitiveness of countries in the global economy provides an opportunity to deepen the theoretical and methodological foundations and development of practical recommendations for improving the competitiveness of Ukraine, which forms the prospects for further scientific research. Key words: competitiveness of countries, global economy, globalization, national economies, national interests, internationalization, economic development.

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.

Global Economic Leadership and the “Leadership Rent”

2015 ◽  
pp. 5-17
Author(s):  
O. Buklemishev ◽  
Y. Danilov
Keyword(s):  
Average Rate ◽  
Economic Benefits ◽  
Absolute Size ◽  
Economic Relations ◽  
Current Configuration ◽  
The World ◽  
World Economic ◽  
National Economies ◽  
Economic Leadership

Nowadays, along with qualitative economic parameters, the absolute size of national economies becomes particularly important for global competition. Due to liberalization of external economic relations and processes of globalization the quantitative economic leadership by a nation produces a potential for reaping certain economic gains, and its combined value can be substantial. We call this amount the “leadership rent”. It stems from natural processes like competitive behavior of the transnational corporations or transformation of the leading national monetary units into the reserve currencies. Current configuration of the global system is characterized by the dominance of four leading economies: USA, EU, Japan and China, and the latter is now replacing the US in its role as the world’s biggest economy in terms of PPP. The emergence of new dominant leaders in the near future is unlikely while deposition of Japan and/or EU cannot be excluded. Despite the presence of the “leadership rent”, the economic dominance of the current leaders in recent years was diminished. This indicates that there exist certain factors preventing the leaders from further consolidating their position. These factors represent the flip side of the economic benefits of the leadership and demonstrate the new possibilities of catching-up progress by the developing countries in the era of globalization. In this regard Russia's role in the future world economic hierarchy now becomes a matter of particular concern as the country is about to persistently lag behind the world average rate of economic growth at least in the middle term. Reversal of this trend will require fundamental policy changes including restart of the deep structural reforms and restoration of unimpeded integration of the Russian economy into the global economic system. Acknowledgements. The research was supported by the grant of the Foundation «World Public Forum ”Dialogue of Civilizations”». The authors would like to thank the members of the Editorial Board of the “World Economy and International Relations” for valuable policy comments made during the discussion of the article.

Functioning of enterprises in the global economy

2021 ◽  
Author(s):  
Sergey Kaledin ◽  
Marina Motorina
Keyword(s):  
International Trade ◽  
International Relations ◽  
Economic System ◽  
Global Economy ◽  
World Market ◽  
International Economy ◽  
The World ◽  
Modern Economic ◽  
National Economies

In the modern economic system, there is a continuous acceleration of the integration processes that lead to the formation of a unified global economic system. The international economy can no longer be described as a community of sufficiently independent and even largely self-sufficient national economies. Accordingly, the concept of internationalization can no longer be used to describe contemporary international relations, which traditionally presupposes, above all, the prevailing role of international trade, manifested in the mass entry of national companies into the world market. At present, the processes of unification and interdependence affect not so much trade as the universal interrelationships of the countries of the world. В современной экономической системе происходит непрерывное ускорение объединительных процессов, вызывающих формирование единой глобальной мирохозяйственной системы. Международная экономика уже не может быть охарактеризована как сообщество достаточно независимых и даже во многом самодостаточных национальных экономик. Соответственно, для описания современных международных отношений уже не может использоваться понятие интернационализации, традиционно предполагающее, прежде всего, превалирующую роль международной торговли, проявляющуюся в массовости выхода национальных компаний на мировой рынок. В настоящее время процессы объединения и установления взаимозависимостей затрагивают не столько торговые, сколько всеобщие взаимосвязи стран мира.

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 Latin American Direction of Ukrainian Economic Diplomacy: The Overview of Successes and Failings

2020 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Anastasiia Khmel ◽  
Iryna Tykhonenko
Keyword(s):  
Latin America ◽  
Latin American ◽  
National Interests ◽  
Economic Relations ◽  
Economic Diplomacy ◽  
Bilateral Relations ◽  
Basic Characteristics ◽  
Latin America Countries ◽  
Latin American Countries ◽  
Latin America Region

In the article, the authors analyzed successes and failings of the Ukrainian economic diplomacy in Latin America region. Such results were achieved by analyzing the degree of scientific investigation the possibilities, features and basic characteristics of economic diplomacy by contemporary Ukrainian and foreign researchers, as well as by analyzing the websites of Ukrainian embassies in Latin American countries and using the information of the State Statistics Service of Ukraine and mass media. Researchers drew attention to the peculiarities of economic relations between Ukraine and Latin America countries. It has been found that bilateral relations between Ukraine and Latin American countries are generally poorly developed, the embassies of Ukraine exist only in five countries: Mexico, Cuba, Argentina, Brazil and Chile, and these embassies in turn represent Ukraine’s national interests in 15 other Latin American countries. Ukraine has the most well-established economic relations with the first five above-mentioned countries as a result of economic diplomacy. It was concluded that Ukrainian economic diplomacy has some achievements (the developing of volume of export-import operations between Ukraine and all regional countries, except Cuba, and the opening of the honorary consulate in Chile) and failings (the lack of diplomatic missions in all LA countries, problems with updating information on planned activities in the economic sphere (2015, 2016) on the embassies’ web-site, negative trade balance for Ukraine).

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.

scholarly journals International remittance flows and the economic and social consequences of COVID-19

2020 ◽  
Vol 52 (8) ◽  
pp. 1480-1482 ◽  
Author(s):  
Guy J. Abel ◽  
Stuart Gietel-Basten
Keyword(s):  
Global Economy ◽  
Social Consequences ◽  
Chord Diagram ◽  
International Remittances ◽  
The World ◽  
Macroeconomic Impact ◽  
World Economic ◽  
International Labour Migration ◽  
Remittance Flows ◽  
National Economies

One of the possible consequences of the tightening of international borders during and after pandemic COVID-19 is what the World Economic Forum refers to as the ‘throttling’ of international (labour) migration. While this will have a profound macroeconomic impact on the global economy, the potential impact on remittances on families, communities and national economies could be equally marked. We present a chord diagram to visualize the latest inter- (and intra-) regional global data on international remittances. This graphic shows the degree of the interconnectedness of the ‘global economy of work’ and the extent to which negative health, economic, social or political changes for migrants in one territory will have profound consequences far across the world.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

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