Clusters and Innovations in the Subjects of RF: The Results of Empirical Study

2011 ◽  
pp. 93-107
Author(s):  
E. Kutsenko ◽  
D. Tyumentseva
Keyword(s):  
Empirical Study ◽  
Developing Economies ◽  
Cluster Formation ◽  
Developed Countries ◽  
Theoretical Justification ◽  
The Us ◽  
Modern Economic ◽  
The Russian Federation ◽  
Innovation Rate ◽  
The Impact

According to the modern economic theory one of the most important factors of increasing the rate of innovations is cluster formation. Studies undertaken in the US and Europe confirm the significance of this factor. Nevertheless, it is unclear, to which extent the regularities observed in developed countries can be applied to transition and developing economies. This paper is dedicated to theoretical justification and empirical study of the impact of clusters on the innovation rate in the regions of the Russian Federation.

Minimising medical litigation: a review of key tort and legal reforms

2009 ◽  
Vol 5 (2) ◽  
pp. 179-233 ◽  
Author(s):  
Harold Tan
Keyword(s):  
Medical Malpractice ◽  
Developed Countries ◽  
Economic Sustainability ◽  
Legal Reforms ◽  
The Us ◽  
Tort System ◽  
Medical Litigation ◽  
Tort Reforms ◽  
The Uk ◽  
The Impact

The traditional tort system in medical malpractice is increasingly perceived as being incapable of addressing the mismatch between claims and negligent injuries. Tort reforms have been introduced in various developed countries in an attempt to bring about greater fairness and economic sustainability in the compensation of medical injuries and to reduce the overall rate of medical litigation. This paper reviews the key tort reforms that have been used in various countries, notably the US and the UK, and discusses the arguments that had been put forth by advocates and opponents of such reforms. The impact of these tort reforms, where studied and available, is also reviewed and discussed in the paper.

BUSINESS SERVICE, INTERNATIONAL OUTSOURCING, AND WAGE INEQUALITY

2018 ◽  
Vol 63 (05) ◽  
pp. 1175-1182
Author(s):  
CHU-PING LO
Keyword(s):  
Wage Inequality ◽  
Service Sector ◽  
Developing Economies ◽  
Manufacturing Sector ◽  
Developed Countries ◽  
Business Service ◽  
International Outsourcing ◽  
Business Services ◽  
Production Externalities ◽  
The Impact

This paper adds business services to Feenstra and Hanson’s (1996) model to show that if a country is more prosperous in business services, tending to carry out less international outsourcing activities than it would otherwise. In this model, the more varieties of specialized business services a country endows, the more welfare gains arise in the presence of positive production externalities to the manufacturing sector. Since developed countries are more prosperous in business service sector, this model helps to explain why the impact of opening trade on the dispersion of both wages and unemployment is stronger in developing economies.

scholarly journals Trade liberalization and trade facilitation: Two paths to one goal

2021 ◽  
Vol 12 (1) ◽  
pp. 167-183
Author(s):  
Natalia A. Vorontsova ◽  
◽  
Irina A. Klimova ◽  
Keyword(s):  
Trade Liberalization ◽  
Developing Economies ◽  
Developed Countries ◽  
Legal Regulation ◽  
Point Of View ◽  
Least Developed Countries ◽  
Trade Facilitation ◽  
Trade Relations ◽  
Long Run ◽  
The Impact

The article defines trade liberalization and trade facilitation, highlighting their characteristics, some of which are inherent to both processes, while others differ. The authors analyze the impact of transborder production in a number of South-East Asian states on the development of their economies, as well as the role of trade facilitation in these processes. The article dwells on the economic impact of trade liberalization and facilitation, their synergistic interaction and peculiarities from the point of view of legal regulation. The authors come to the conclusion that trade liberalization and facilitation generally aim to achieve a common goal of promoting world trade, which in the long run will help to address one of the global problems — an immense wealth gap between developed and least developed countries. To achieve this goal, both liberalization and trade facilitation use their own tools, a set of practical measures enshrined in international legal instruments. At the same time, implementation of these measures often involves major risks, especially for developing economies. As a result, a strategy for implementing trade liberalization and facilitation measures needs to be developed, which would define the sequence of steps for each state individually and would take into account all the potential difficulties that a state may have while opening up the market. It is also necessary to create and improve the relevant regulatory and institutional framework for trade relations and implementation of reforms.

scholarly journals Effectiveness of Central Bank Independence via Its Internal Characteristics

2011 ◽  
Author(s):  
Caroll H. Griffin
Keyword(s):  
Central Bank ◽  
Informal Economy ◽  
Developing Economies ◽  
Developed Countries ◽  
Central Banks ◽  
Central Bank Independence ◽  
Reserve Requirements ◽  
Formal Economy ◽  
The Impact ◽  
Macroeconomic Environment

This study examines central bank independence in developing countries of Latin America and Asia as well as selected developed countries. Many countries around the world, both developed and developing, have accepted the idea of central bank independence over the last several decades, so central banks have autonomy. A majority of studies has examined primarily the impact of central bank independence on inflation as promoting the theoretical benefits of a more stable and prosperous macroeconomic environment. However, there is only now sufficient data to empirically determine whether these claims are true. This research attempts to answer why developing economies with an informal sector resort to inflationary measures to finance their activities; how does a government induce an agent to choose the formal economy. In the trade-off between inflation and reserve requirements, the optimal policy is maximum inflation and minimum reserve requirements as increasing the steady-state utility of an optimizing agent. Also agents prefer the informal economy if policy relies on a maximum reserve requirement.  

scholarly journals Statistical Analysis of the Performance of a Big and Open Economy: The Case of the U.S.

2018 ◽  
pp. 10-17
Author(s):  
O. V. Zhuravliov ◽  
О. М. Simachova
Keyword(s):  
United States ◽  
Open Economy ◽  
Developing Economies ◽  
Negative Impact ◽  
The United States ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Macroeconomic Indicators ◽  
The Impact

The US economy is one of the richest and most diversified economies in the world and keeps its leadership in the global economy for the past 100 years. The United States is a global leader in computer technology, pharmaceuticals and the manufacture of medical, aerospace and military equipment. And although services make up about 80% of GDP, the US remains the second largest producer of industrial goods in the world and is a leader in research and development. President Donald Trump was elected in November 2016, promising a big gap with his predecessor’s regulatory, tax and trade policies. Therefore, the current socio-economic status of the USA and the possible ways of its development in the future are interesting for studying the impact on other economies, in particular, on the Ukrainian economy and the search for new and optimal ways of developing relations between the United States and Ukraine. Key macroeconomic indicators of the US economy in 2011–2018 are analyzed, demonstrating the influence of Donald Tramp’s new policy on changes in the indicators of the economy, the labor market, trade, etc., as well as possible ways of development in the coming years. The review of key macroeconomic indicators gives grounds for classifying the American economy as healthy one. Rates of GDP growth will remain in the range of 2 to 3%. These rates of growth in the world’s largest economy are callable to ensure a substantial increase in the global activity. But uncertainties in the politics may hinder global growth and have clearly negative impact on the investment growth in developed and developing economies.

PREPARATIONS FOR INTERNATIONAL PROJECTS WITH THE PARTICIPATION OF THE RUSSIAN FEDERATION AND THE PEOPLE'S REPUBLIC OF CHINA

2021 ◽  
Vol 2 (7) ◽  
pp. 125-132
Author(s):  
N. V. MORGUNOVA ◽  
◽  
Fansi GU ◽  
Keyword(s):  
Empirical Study ◽  
Russian Federation ◽  
People’S Republic Of China ◽  
People's Republic Of China ◽  
Republic Of China ◽  
International Projects ◽  
The Russian Federation ◽  
The Impact ◽  
Factors Of Success

The article is devoted to the problem of the impact of project preparation on the success of major international projects involving Russia and China. Based on the results of an empirical study, the authors organized the factors of success and proposed recommendations for planning and implementation of pre-project preparation of teams of international projects.

Reaffirming trust in social enterprise in the COVID-19 era: Ways forward

2021 ◽  
Vol 5 (1, Special Issue) ◽  
pp. 120-130
Author(s):  
Michael Snowden ◽  
Roopinder Oberoi ◽  
Jamie P. Halsall
Keyword(s):  
Social Enterprise ◽  
Developing Economies ◽  
Social Enterprises ◽  
Social Value ◽  
Social Entrepreneur ◽  
The Social ◽  
The Us ◽  
Societal Problems ◽  
The Impact

COVID-19 has overwhelmed and stretched existing healthcare infrastructure in both developed and developing economies and pushed governmental response mechanisms to the brink. Globally, governments elicited the call for corporate support, asking social entrepreneurs and social business ventures to organise efforts to build voluntary support for the large-scale response needed during the sudden lockdown disruptions. By April 2020, 26.5 million jobs were lost in the US alone (Lambert, 2020), global stocks plummeted at least 25% and gross domestic product (GDP) contracted significantly for all countries. With reduced domestic demand for non-food goods, reduced foreign demand for US goods exports, supply-chain disruptions, and plant closures, the manufacturing sector saw a huge decline (Reinicke, 2020). Governments all over the world announced massive stimulus packages. The US has approved $2 trillion financial support to combat the economic downturn so far (Emma & Scholtes, 2020) and EU finance ministers have recently approved €500 billion in stimulus measures (Riley, 2020). It is estimated that the global economy will grow at -3 percent in 2020. This article sheds light on the role of social enterprises in addressing the societal problems caused by COVID-19. The authors highlight the efforts of virtual and collaborative associations who seek to swiftly recognise issues and develop solutions, which create social value and alleviate the plights of suffering communities. This article sheds light on the role of social enterprises in addressing the societal problems caused by COVID-19. The authors highlight the efforts of virtual and collaborative associations who seek to swiftly recognise issues and develop solutions, which create social value and alleviate the plights of suffering communities. The authors place emphasis upon the role of the social entrepreneur in developing a way forward in these challenging times and present a contemporary conceptualisation of the social entrepreneur in the form of an “avatar” and the impact that this may have on social enterprise.

Servitization impact on performance moderated by country development

2019 ◽  
Vol 27 (1) ◽  
pp. 302-318 ◽  
Author(s):  
Renata Moreno ◽  
Leonardo Marques ◽  
Rebecca Arkader
Keyword(s):  
Developing Countries ◽  
Firm Performance ◽  
Social Impact ◽  
Developing Economies ◽  
Developed Countries ◽  
Content Type ◽  
Advanced Economies ◽  
Medium Level ◽  
And Performance ◽  
The Impact

Purpose In recent years, “servitization” has been studied extensively; however, as studies of the impact of servitization on firm performance offer mixed results, the conditions under which the relationship between servitization and performance becomes more significant are contested in the literature. These mixed results have led to the term “service paradox.” The paper aims to discuss these issues. Design/methodology/approach This study investigates servitization in the assembly industry based on a multi-country survey covering 539 industry plants in 22 countries. Findings The study contributes to the research on servitization by adding a contextual perspective to this relationship, taking into account level of development of the country in which a firm is located. Besides confirming the correlation between the servitization and performance, our study unveils a counter-intuitive result: a medium level of development of the country in which a firm is based corresponds to a stronger relationship between servitization and firm performance, whereas higher levels of development seem to diminish the increase in performance. Social implications This study balances out the focus in servitization on advanced economies and help to unveil its benefits in developing countries. Fostering servitization in developing economies can lead to social impact resulting from job shifts from manufacturing to service and the correlated implications for workers’ training and higher motivation experienced in service-based jobs. Originality/value Our study unpacks the “service paradox” and indicates that industry plants in developing countries can still harness the benefits of being first-movers, whereas, in developed countries, servitization may have become an order qualifier rather than a factor of differentiation.

scholarly journals Country Positioning of Migration Flows in Ratings of Global Competitiveness

2019 ◽  
pp. 43-61
Author(s):  
T. P. Danko ◽  
A. S. Vyazovikova
Keyword(s):  
Russian Federation ◽  
Mineral Resources ◽  
Developed Countries ◽  
Migration Flow ◽  
Innovation Development ◽  
Global Competitiveness ◽  
Correlative Analysis ◽  
The Us ◽  
The Russian Federation

The article shows results of marketing diagnosing of the migration flow development in 5 more or less developed countries of the world: Russia, the US, Canada, Mexico and Argentine. The authors studied and demonstrated the dependence of these countries on certain factors, which affect the level of population quality of life. Migration provides junction of mineral resources split by continents, countries and regions within countries and means of production with labour, it promotes meeting of population’s needs in jobs, housing, means of subsistence, social and professional mobility, changing social status and other characteristics of people life. By using statistic and comparative methods of research (correlative analysis, forecast, trend modeling) the authors managed to confirm or refute different hypotheses about labour migration development. They studied world ratings of countries by the level of expected life span, GDP per capita, weakness of states, unemployment, innovation development, competitiveness. By using the Russian Federation as an example the authors showed key challenges and advantages of migration flow. On the basis of the research recommendations dealing with improvement of migration climate in the Russian Federation were designed.  

scholarly journals The Impact of the Uruguay Round on World Economy

1994 ◽  
Vol 33 (4II) ◽  
pp. 1191-1203
Author(s):  
Akhtar Hasan Khan
Keyword(s):  
International Trade ◽  
World Economy ◽  
Time Series Data ◽  
Average Rate ◽  
Series Data ◽  
The Us ◽  
Asian Tigers ◽  
International Trading ◽  
Modern Economic ◽  
The Impact

International trade as an engine for economic growth is an accepted proposition in modern economic literature. Statistical and econometric analysis of crosssection and time-series data of the growth in exports and growth in GOP shows a very high correlation between the two. Normally growth in exports is twice or more than the growth in GOP for most fast-growing economies particularly the East Asian Tigers. There is hardly any country which over a decade has had a growth in GOP higher than the average rate of growth of exports in that decade. Export led growth has been vindicated by one economy after another specially in East Asia. It is therefore of great importance that the international trading system allows the free flow of goods in order to promote the growth of the world economy as a whole. After the Second World War, plans were drawn up for an International Trade Organisation (ITO) at Havana but when the US Congress declined to approve it, it was dropped. The demise of the ITO, however did not do away with the need for an international organisation to deal with negotiations for reducing tariff and non-tariff barriers to international trade. Twenty-three nations agreed to continue extensive tariff negotiations for trade concessions at Geneva which were incorporated in a General Agreement on Tariffs and Trade (GATT). GATT has provided a permanent platform for reducing trade barriers. The fundamental objective of GATT is to achieve free trade through reduction in tariff and non-tariff barriers on the basis of non-discrimination, reciprocity and national treatment.................

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