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.

scholarly journals Global Trends of Modern World Economic Development

2017 ◽  
Author(s):  
Kaisyn Khubiev ◽  
Turusbek Asanov ◽  
Marat Kudaikulov
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Global Economy ◽  
Modern World ◽  
Global Trends ◽  
Technological Unemployment ◽  
The World ◽  
World Economic ◽  
First Time

The article considers factors and tendencies of world economic development, defining a new level of aggravation of struggle for resources and markets. They include: global socialization; concentration and centralization of capital; the struggle for a new economic and trade division of the world; countercyclicality and debt nature of the modern global economy. Is considered a new competitive space combat technological unemployment caused by modern technological revolutions. There is a big trend of the formation of a unipolar economic and trade space-based mega-projects and related threats. For the first time explores the manifestation of the "phenomenon of Trump" in economic policy.

scholarly journals Modernization of mechanisms for resource provision of the public administra-tion system (analysis of draft legislative acts included in the agenda of the fourth session of the Verkhovna Rada of Ukraine of the ninth convocation, August 2020 - January 2021)

2021 ◽  
Vol 13 (1) ◽  
pp. 13-24
Author(s):  
Valerii Vorotin ◽  
Oleg Koval
Keyword(s):  
Economic Development ◽  
Public Administration ◽  
System Analysis ◽  
Resource Constraints ◽  
Local Governance ◽  
Local Development ◽  
Modern World ◽  
The Public ◽  
Socio Economic Development ◽  
World Economic

The article examines modern world economic development as a phenomenon of regional and local cooperation with the growth of regions (subregions) as the main actors in ensuring the socio-economic development of the state, its competitiveness in the world economic and political arena. Capable regions and subregions are able, on the one hand, to reduce the burden on central authorities by taking over some of their powers, and on the other - to take into account the needs of new communities, businesses and other organizations when making decisions in production on public services. The article proves that public administration and their components - public administration and regulation in the field of national and regional (local) development - is one of the most important problems of forming developed market relations in Ukraine, in particular with the formation of a new system (mechanisms and tools) in the field of resource provision of the decentralized model of local governance. The European integration vector of development chosen by Ukraine envisages a significant modernization of the system of public administration in general and administration in particular. The formation of domestic public administration and administration on a qualitatively new basis in connection with the intensification of some social processes and the need to solve systemic problems of socio-economic development of certain territories of Ukraine necessitates deep theoretical, methodological and scientificmethodological study of the imperfection of the public system. management and administration in conditions of resource constraints. At the same time, despite the intensification of efforts of scientists in the development of methodological tools, a universal approach to solving the problems of insufficient efficiency of public administration and administration has not yet been developed.

scholarly journals Influence of Tourism on Economic Development in Asian Countries

2020 ◽  
Vol 5 (2) ◽  
pp. 207-216
Author(s):  
Wen-Chuan FU ◽  
◽  
Chia-Jui PENG ◽  
Tzu-Yi YANG ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Tourism Industry ◽  
Asian Countries ◽  
Cross Sectional ◽  
Rate Fluctuation ◽  
National Economic ◽  
International Entry ◽  
The Relationship

Although the tourism industry has recorded the lowest pollution, it significantly contributes to the global economy. Therefore, many countries have spent great efforts in promoting their tourism industry to support their entire economic development. This article considers factors related to the relationship between national economic growth and international entry tourism for 11 Asian countries to investigate the existence of the cross-sectional difference between these countries. Results show that exchange rate fluctuation is an alternative factor affecting economic growth risk, and common slope exists between countries. Moreover, international entry tourist headcount and income show differential slope in some countries, implying that these factors affect the economies of different Asian countries differently.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

scholarly journals Global Outlook for 2018: Economy, Finance, and Monetary, with a Particular Case Study of Taiwan

2018 ◽  
Vol 10 (3) ◽  
pp. 133 ◽  
Author(s):  
Shyi-Min Lu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Interest Rates ◽  
Global Economy ◽  
Average Rate ◽  
The United States ◽  
Gdp Growth ◽  
Advanced Economies ◽  
Global Economic Growth

In October 2017, IMF President Christine Lagarde declared that the GDP growth of world’s economies in the first half of 2017 was up to the broadest recovery since 2010. So far, the strength of global economic growth has been enhancing. The interest rates and inflation are still at a low level. The global economy has risen from the bottom in 2016 to reach its peak since 2011. As for the degree of economic development, the emerging markets grew fastest, followed by the developing countries, while the advanced economies grew moderately at an average rate around 2%. Manufacturing PMI in major countries, such as the United States, China, the Eurozone, and even Taiwan, have increased above 50 notably in the recent years, while the non-manufacturing PMI is also above 50. Accordingly, the main purpose of this paper is to forecast the global economy in 2018, which is on the trajectory of booming with a certain degree of uncertainty. A particular case study of Taiwan’s overall economic development is presented as well.

scholarly journals Citizens without Nations: A Response

2020 ◽  
Vol 65 (1) ◽  
pp. 135-142
Author(s):  
Maarten Prak
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Local Politics ◽  
The Other ◽  
Modern World ◽  
Poor Relief ◽  
Social Policies ◽  
Economic Activities ◽  
Urban Citizenship ◽  
Urban Contexts

AbstractIn Citizens without Nations, I argued that national histories have overlooked a large and significant range of citizenship practices that can be found in towns and cities across the pre-modern world. These practices related to local politics (elections, consultations), to economic activities (guilds), to social policies (poor relief), and to military defence (civic militias). This rejoinder addresses three issues raised by critics Jack Goldstone, Katherine Lynch, and R. Bin Wong in relation to my book on urban citizenship in Europe, Asia, and the Americas: ideas, including religion, nations, and economic growth. All three have a lot to do with the implications of global comparisons. Ideas and nations have taken distinct forms in the various world regions. Foregrounding them makes comparisons more difficult. Urban contexts, on the other hand, can be more easily compared. Economic development was introduced in the book as a benchmark to see if and how citizenship arrangements might have impacted prosperity. The economic numbers are, however, still fragile for the pre-industrial era. Therefore, they will have to be supplemented with qualitative studies, which are slowly but surely emerging also outside Europe.

scholarly journals ROAD TRAFFIC AND ITS SECURITY AS A FACTOR FOR PROGRESS OF THE TOURISM IN R. MACEDONIA

2019 ◽  
Vol 30 (6) ◽  
pp. 1791-1797
Author(s):  
Pavle Trpeski ◽  
Vesna Korunovska
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Road Traffic ◽  
Road Transport ◽  
Modern World ◽  
The Road ◽  
Tourist Destinations ◽  
Republic Of Macedonia ◽  
The Republic ◽  
Pedestrian Infrastructure

In today's world of globalization and a quicker way of life, tourism in the modern world is one of the main export industries of each country and the Republic of Macedonia. Worldwide revenues in 2017 of about 7.6 billion (10.2% of global GDP) and 292 million jobs in 2016, equivalent to 1 in 10 jobs in the global economy. Worldwide tourism revenues have led many countries to seriously think about development of this industry branch which is highly profitable. One of the main factors for the progress of tourism is road transport, its security as well as the accompanying infrastructure. The security of the road infrastructure, ie the road network, pedestrian infrastructure, traffic and tourist signalization are the basic elements that are noted by both transit tourists and tourists who have decided on one of the Macedonian tourist destinations which have provided a significant comparative advantage over others. On the other hand, the numerous circumstances with it creates increased risks for all road users and for tourists, reducing the competitive advantage of attractive tourist destinations. The tourism progress affects many economic development springs, so that travel agencies and governments of countries that see in their service activity an opportunity to economic development and endeavor to make road traffic more secure for all and for tourists. With this work we see the synergies between road safety and tourism with reference to the Republic of Macedonia.

Use of methodology of “underdevelopment whirlpools” with analysis of problems and perspectives of economic growth in Asian countries

2017 ◽  
Vol 9 (1) ◽  
pp. 97-107 ◽  
Author(s):  
Elena G. Popkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
Swot Analysis ◽  
Practical Significance ◽  
Asian Countries ◽  
Content Type ◽  
Theoretical Substantiation

Purpose This paper aims to solve the problem of reduction of disproportions of the global economy and overcoming the underrun of Asian countries from Europe. The author offers a hypothesis that the reason of such underrun is the existence of “underdevelopment whirlpools” in Asian countries. The purpose of this paper is to verify this hypothesis and to determine problems and perspectives of economic growth in Asian countries. Design/methodology/approach As tools for verification of this hypothesis, the author uses the methodology of analysis of “underdevelopment whirlpools”, aimed at the determination of problems and perspectives of economic growth in countries of Asia; methodology of strengths, weaknesses, opportunities, threats (SWOT) analysis for determination of key factors of economic growth in countries of Asia; instrumentarium of theory of games for the evaluation of effectiveness of the use of various strategies of economic development of Asian countries. Findings As a result of the research, the author proves the offered hypothesis and offers – as a solution to the problem of the existence of “underdevelopment whirlpools” in Asian countries – the use of new models of economic development in view of specifics of Asian countries, aimed at transition to new quality of economic growth. Research limitations/implications A certain limitation of the conducted research is primarily theoretical substantiation of the necessity for overcoming the “underdevelopment whirlpools” in Asian countries and framework character of the offered recommendations. Therefore, during further research in this sphere, it is expedient to focus the efforts on the development of the system of practical measures for achievement of this purpose. Practical implications Practical significance of the author’s conclusions and recommendations consists in the possibility for their use during the development of state economic policy in Asian countries in the interests of overcoming the “underdevelopment whirlpools” and transition to the new quality of economic growth. Originality/value At the time of preparation of this paper, the concept “underdevelopment whirlpool” is rather new, and application of methodology of their calculation by the example of Asian countries in the context of analysis of problems and perspectives of economic grows constitutes the basis for originality, scientific value and novelty of the performed research.

scholarly journals Accounting for Growth: Comparing China and India

2008 ◽  
Vol 22 (1) ◽  
pp. 45-66 ◽  
Author(s):  
Barry Bosworth ◽  
Susan M Collins
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Poverty Reduction ◽  
Economic Sectors ◽  
Quarter Century ◽  
China And India ◽  
The Past ◽  
New Findings ◽  
Economic Developments ◽  
Development Paths

Since 1980, China and India have achieved remarkable rates of economic growth and poverty reduction. The emergence of China and India as major forces in the global economy has been one of the most significant economic developments of the past quarter century. This paper examines sources of economic growth in the two countries, comparing and contrasting their experiences over the past 25 years. In this paper, we investigate patterns of economic growth for China and India by constructing growth accounts that uncover the supply-side sources of output change for each economy. Some of the results confirm themes that have emerged from the prior literature on the economic development of the two countries, however, some new findings emerge as well. In addition to decompositions of aggregate growth, we construct separate accounts for the three major economic sectors: agriculture; industry; and services. This level of detail enables us to highlight key differences in the development paths taken by China and India. In conclusion, we assess the prospects for future growth in each country.

scholarly journals Assessment of the Sustainable Economic Development Goal 8: Decent Work and Economic Growth in G20 Countries

2020 ◽  
Vol 17 (1) ◽  
pp. 116-125
Author(s):  
Indrė Lapinskaitė ◽  
Silvija Vidžiūnaitė
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Work Environment ◽  
Global Economy ◽  
The United States ◽  
Decent Work ◽  
Sustainable Economic Development ◽  
Development Goals ◽  
The Republic

AbstractResearch purpose. The importance of sustainable development, the need to achieve sustainable economic development that does not harm the environment, conserve natural resources or exacerbate tensions in society has been increasingly discussed over the last decade. The purpose of the research is to evaluate the economic growth and decent work environment in G20 countries during 2013–2018 as G20 countries are the fastest growing countries in the world, and their economy describes the major part of the global economy.Design/Methodology/Approach. Qualitative data analysis based on the comparative analysis of scientific literature, content analysis, interpretation, comparison and grouping is used, in order to analyse the theoretical aspects of sustainable development and its goals, especially goal 8: decent work and economic growth. TOPSIS method helps to rank G20 countries according to the indicators of SDG 8.Findings. The results showed that Japan reached the best work environment and the most significant economic growth during 2013–2018. The United States is in second place and the third – the Republic of Korea. In the bottom three are Argentina, Brazil and South Africa.Originality/Value/Practical implications. Since it is challenging to identify the achievements of the economic and work environment development, as an essential part of sustainable development goals, the results could lead to future insights that will create value to policymakers, economists and other stakeholders.

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