scholarly journals FEATURES OF THE FORMATION OF THE GLOBAL MARKET FOR TRUST MANAGEMENT SERVICES

2021 ◽  
Vol 6 (1) ◽  
pp. 51-55
Author(s):  
Valentina Djakona ◽  
Stanislav Perminov

The article is devoted to the problems of the development of global markets for trust management services. The purpose of the article is to identify modern trends in the development of the global market for asset management services. The article uses the methods of quantitative empirical research, statistical analysis and visualization, comparative analysis and assessment of the dynamics of the main forms of development of trust management. The essence of trust management, its main forms, types of companies providing trust management services are disclosed. There is a gradual complication of the regulatory framework for trust management, although the features and models of regulation of trust activities or the activities of trust funds, the level of control and responsibility of the parties vary greatly in different countries. The advantages of trust management are systematized. The current trends in the development of trust management are characterized: regional asymmetry (mainly represented in the developed countries of Europe and the USA, the Asia-Pacific region is the fastest growing); the emergence of new forms (new instruments, institutional entities) and directions (the spread of offshore companies, the search for new markets). The formation of the global nature of the market is due to an increase in the volume of trust management services, an increase in income, the need to search for new forms of reliable savings and investments. The main development strategies of companies providing trust management services are identified and disclosed: global (focused on the global market), regional (focused on regional markets) and specialized (aimed at developing local markets or specialized products).

Categories of the academic revolutions and innovations in a perspective of educational policy at the higher school are considered. Special attention is paid to the development of innovations in training at the foreign and Ukrainian universities, since X1X of a century up to now. It is noted that agricultural, industrial, global, demographic and other revolutions created basis for the academic revolutions which resulted from transformations of society and caused innovations in higher education systems. The contribution of the academic revolutions in strengthening of role of the universities in society is confirmed. The major innovations in training stimulated university teaching throughout all academic revolutionary periods (after 1867, 1945, 1983) in developed industrial and developing countries, such as the USA, some states of the European Union and Ukraine. Emergence of innovations in policy of teaching at the universities during the first academic revolution, their modification during the second one, and new turns in transformation of innovations during the third academic revolution is investigated. Introduction of innovations in teaching differed in intensity and scale during the academic revolutions. On examples of teaching it is shown how political and ideological processes in society influenced functioning of the universities. An attempt to compare educational processes during three revolutions and to reveal the most innovational period was made. It is proved that innovations in training were implanted in three academic revolutions, the third one turned out to be the most innovative. The major innovations in policy of teaching were connected with the development of scientific and technical knowledge that contributed to the emergence of the information society. The developed countries offered the introduction of policy of cooperation in the higher education that made impact on innovations in university education. The Coronavirus pandemic of 2019/20 demonstrated the need to use various forms of Internet communications (Zoom, Google Classroom, Moodle, Whereby, etc.) to switch to new opportunities to teach students in higher education institutions around the world at the beginning of the XXI century.


Author(s):  
A. O. K. Noah ◽  
Adesoji A. Oni ◽  
Simeon A. Dosunmu

The phenomenon of globalization is defined variously, but in general, it is defined as the establishment of a global market for goods and capital, leading to what could be described as a multiplicity of linkages and interconnections between places, events, ideas, issues, and things, irrespective of whether they are directly related or not. Globalization on the other hand cannot be a reality in any nation if its educational system is not implicitly or explicitly geared towards achieving meaningful and desirable change for that society. However, since education and indeed the (educator) teacher constitute the most viable instruments by which an emerging nation can catch up with the developed countries, globalization will therefore be a mirage if teacher education is not geared towards producing teachers who are globalization friendly, teachers who are not allergic to globalization. In view of the above, this chapter examines the concept of globalization side by side with the current goals of teacher education in Nigeria.


2010 ◽  
Author(s):  
Özlen Hiç

The global economic crisis first started in the USA in September 2008 as a widespread insolvency problem caused by mortgage debts of households that had become unpayable. The financial crisis, in turn, caused a serious recession. The economic crisis soon spread to other developed countries because their banks held assets of US banks that had become nearly worthless while exports of these countries to the USA decreased significantly. Then it spread to developing countries because direct private investments (DPIs) and financial funds flowing from developed to developing countries declined precipitously while exports of the latter to the former countries also fell down. The developed countries, however, took proper steps to ameliorate the crisis by lowering the interest rates, helping the insolvent banks financially as wel as launching public expenditure programmes. Turkey was one of the worst hit countries because she had been following wrong globalization strategies. Privatization process was corrupt while much of the DPIs went to those fields which did not yield much increase in employment or export potential. But most importantly, Turkey had raised interest rates to abnormally high levels and thereby had vastly expanded her internal and external debts. Hence, as a result of the global economic crises, Turkey suffered a significantly deep fall in her GNP growth rate and a very big increase in her unemployment rate. Though Turkey took several measures to ameliorate the balance of payments deficit and to expand total demand, hence production, the government refrained from making a stand-by agreement with the IMF in order to avoid strict discipline in her government expenditures due to first, local elections and presently, the coming parliamentary elections.


2009 ◽  
Vol 33 (2) ◽  
pp. 295
Author(s):  
Hans Lofgren

THIS BOOK IS ABOUT MANIFESTATIONS of power in medicines and pharmaceutical industry policy. The main focus is on the Republic of Ireland but there are chapters also on drug regulation in Canada, Britain and Australia. The multinational pharma companies loom larger in Ireland than in most other countries; several chapters detail the implications for this small country of the presence of a major cluster of global drug companies. Globalisation is the hallmark of the drug sector; innovation and production occur within international networks which are mirrored by interaction between regulatory agencies which operate similar systems of control and monitoring. Since the 1990s, many aspects of product safety regulation have been standardised across the developed countries through the International Conference on Harmonization (ICH) process, sponsored by the regulatory agencies and industry associations of the USA, the European Union and Japan. While orchestrating vast scientific, economic and technological resources, the big pharma companies participate as insiders in national policy processes, such as those described in this book. Firms typically affirm a commitment to the health and economic concerns of the local jurisdiction ? however governments cannot help but be sensitive to their global reach and power to choose where to invest.


2021 ◽  
Vol 9 (524) ◽  
pp. 196-201
Author(s):  
S. B. Perminov ◽  

The article examines the key problems of the development of the trust management market at the present stage of the formation of the global market. All problems are identified within the framework of the main trends in the development of the financial market, which is associated with the complication of its subject structure, changes in the structure of instruments. In addition, the market is actively expanding due to the introduction of intermediaries and social media as specific market players. The active digitalization of economic activity leads to the formation of new industries, including the need to form a cyber security system. New rules for the functioning of the trust management market require the development of appropriate regulatory support for the functioning of the market and the formation of global value chains. A problematic issue is also the awareness of new clients with trust management services, the rules of the market functioning. It is worth considering the processes of global offshorization, which determines the key directions of normative regulation both in the global market and its regional adaptation. In this regard, the paper discusses the features of the development of regulatory support for the functioning of the financial market in general, as well as the market of trust operations in particular in modern conditions, with examples of the implementation of this conception in certain highly developed countries (United States of America, Great Britain, etc.) taking into account the requirements of international organizations to ensure and regulate these markets in order to counter money laundering, tax evasion, and concealment of the tax base. In addition, the article proposes some options for minimizing the negative consequences of key problems in the development of the trust management market or minimizing the associated risks.


Author(s):  
R.R. Ablaev ◽  
T.A. Kokodey ◽  
T.I. Lomachenko ◽  
T.I. Lomachenko ◽  
T.I. Lomachenko

Проведен качественный и количественный анализ динамики основных факторов продовольственного кризиса в историческом процессе и составлен прогноз динамики дальнейшего развития с использованием методов и средств эконометрического моделирования. Продемонстрирован факт, что в развитых странах Европы и США отсутствует проблема нехватки продовольствия, а, напротив, наблюдается избыточное потребление гражданами продуктов питания. Но существуют страны, в которых проблема недостатка продовольственных товаров актуальна. Затронута проблема неравномерного распределения продовольствия и последствий, вытекающих из возникшей ситуации.Qualitative and quantitative analysis for the dynamics of the main factors of the global food crisis in history is conducted. Projections of the further tendencies are made using econometrics modeling means. The fact is demonstrated that in the developed countries of Europe and the USA there is no problem of food shortages, but, on the contrary, there is an excessive consumption of food by citizens. But there are countries in which the problem of food shortages is relevant. The problem of uneven distribution of food and the consequences arising from the situation have been raised.


2019 ◽  
Vol 11 (8) ◽  
pp. 2395 ◽  
Author(s):  
Kentaka Aruga

As mitigating the effects of energy consumption on the environment is a crucial issue for the Asia-Pacific region, this study investigates the energy-environmental Kuznets curve (EEKC) hypothesis among the 19 Asia-Pacific countries. The study also tests the EEKC hypothesis for the low-, middle-, and high-income groups of the region. The panel regression and cointegration models are used for this purpose. Our test results of both models suggest that the EEKC hypothesis holds for the whole Asia-Pacific region. However, the test performed on the three different income groups revealed that the hypothesis only holds for the high-income group. The hypothesis was not apparent for the low- and middle-income groups. This indicates that the transition in the energy consumption along the EEKC is only occurring in the developed countries of the Asia-Pacific region and the developed countries need to support the developing countries to achieve economic growth along the EEKC.


Author(s):  
Jerry Eades

In the late 2000s, the author wrote a summary paper on the rise of medical tourism. That paper discussed the rapid growth of interest in medical, health and wellness tourism, especially since 2003. The medical tourism industry has a long history, but this massive growth is a new phenomenon. The important factors are: the changing distribution of medical services and technologies; the growth of interest among both local medical practitioners and travel agents; the packaging of tourism and medical services as a single product; and, most significantly, the availability of the Internet to disseminate information them, creating a global market. The present chapter considers first the burgeoning literature on medical tourism. Second, the processes of development in countries becoming the main players in the international provision of medical services are discussed. Third, the chapter looks at the debates surrounding the rise of medical tourism in the developed countries.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Ghandour ◽  
Viktor Shestak ◽  
Konstantin Sokolovskiy

Purpose This paper aims to study the developed countries’ experience on the cyberbullying legal regulation among adolescents, to identify existing shortcomings in the developing countries’ laws and to develop recommendations for regulatory framework improvement. Design/methodology/approach The authors have studied the state regulatory practice of the UK, the USA, Canada, Malaysia, South Africa, Turkey, UAE and analyzed the statistics of 2018 on the cyberbullying manifestation among adolescents in these countries. Findings The study results can encourage countries to create separate cyberbullying legislation and periodically review and modify already existing legislation. Originality/value The study provides a list of the recommendations to regulate cybercrime in developing countries and prevent it as well. The results may contribute to creating laws related to the regulation of cyberbullying in countries where such legislation does not exist yet or existing regulatory legal acts do not bring the expected results, namely, in Post-Soviet countries and other developing countries of the world.


2020 ◽  
Vol 11 (3) ◽  
pp. 318-340
Author(s):  
Priya Gauttam ◽  
Bawa Singh ◽  
Jaspal Kaur

Health diplomacy has remained an important part of foreign policy of major countries to expand their geopolitical influence across the world. Given the outbreak of COVID-19, the inadequate healthcare systems even of the developed countries have been exposed. Although China was blamed for the origination of COVID-19, concomitantly, the same country had exploited the global health emergency by putting its global health diplomacy in practice as a soft power tool to expand its geopolitical influence in term of hegemony, vis-→-vis the USA. Whereas, on the contrary, the USA and European Union (EU) have been critically entrapped in the pandemic and remained at crossroads, how to deal with the same locally and globally. In these contrasting roles and reciprocation, the main argument of the article is that China had made the best use of its health diplomacy to expand its geopolitical influence, while the USA and EU did not rise to the occasion; rather, their roles and reciprocation have remained delayed and inert. In this backdrop, the main focus of this article is to examine how China used its global health diplomacy as a soft power tool? Second, would China become hegemon in the present scenario vis-→-vis the USA?


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