Some Findings of the Empirical Analysis of the 2008—2009 Global Crisis Determinants

2012 ◽  
pp. 32-45
Author(s):  
M. Stolbov
Keyword(s):  
Public Finance ◽  
Empirical Research ◽  
Economic Crisis ◽  
Public Debt ◽  
World Economy ◽  
Developing Economies ◽  
Global Crisis ◽  
Global Recession ◽  
The World ◽  
The Empirical Analysis

The paper synthesizes the results of the empirical research of the 2008—2009 global economic crisis determinants. Some of them are additionally tested and specified. In particular, the so called decoupling hypothesis is suggested to be split into weak and strong forms: the developing economies appear to have been vulnerable to the global crisis, but in a lesser degree than the OECD countries. Trade determinants of the crisis haven't proved their dominant significance over financial channel factors. Public debt relative to GDP is a new variable on the crisis determinants list, as it limited the scale of stabilizing policies during the crisis due to growing risks of violating public finance resilience. The paper also shows that the probability of a new crisis comparable to the 2008—2009 global recession has not reduced and poses a serious challenge to the world economy now.

scholarly journals Economies of Turkic Republics after 2008 Global Crisis and their Commercial Relations with Turkey

2010 ◽  
Author(s):  
Müslüme Narin ◽  
Akın Marşap
Keyword(s):  
Growth Rate ◽  
Financial Markets ◽  
Great Depression ◽  
Economic Crisis ◽  
World Economy ◽  
Developing Economies ◽  
Real Economy ◽  
Global Crisis ◽  
Developed Economies ◽  
The Great Depression

In 2008, world economy has faced with the largest crisis, since the great depression in1929. The economic crisis, which started at financial markets, has turned into dramatic occasion in the second half of 2008 and got under control real economy. As a result of globalism, this crisis has affected developing economies as much as developed economies. Growth rate of Turk Republics and Turkey has decreased with the effect of the crisis. The aim of this paper is to analyze Turkic Republics economies after global crisis and their commercial relations with Turkey. By this way, first the causes of the global crisis and its effects on world economy will be focused and then, all of the economical situation of the Turkic Republics and global crisis has affected on its will be discussed. Finally, Turkic Republics commercial relations with Turkey will be inquired.

Coronavirus economic crisis in the world economy: features and consequences

2020 ◽  
pp. 7-21
Author(s):  
R. Khasbulatov ◽  
A. Byasharova
Keyword(s):  
Economic Crisis ◽  
World Economy ◽  
The World ◽  
The Government

The article reveals the features of a qualitatively new global coronavirus-economic crisis as well as its dangerous consequences for all countries with no exceptions. Not one single country stays aloof from this crisis. The reaction of the government, their mitigation activities is also discussed in the article.

Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

2018 ◽  
pp. 48-62
Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Control Mechanisms ◽  
Economic Dynamics ◽  
Western Economy ◽  
The World

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.

Spillovers to the Global South

2017 ◽  
Author(s):  
Yilmaz Akyüz
Keyword(s):  
World Economy ◽  
Commodity Prices ◽  
Global South ◽  
Capital Inflows ◽  
Global Crisis ◽  
Advanced Economies ◽  
The World ◽  
Run Up ◽  
Global Growth ◽  
Very High

The crisis demolished the myth that EDEs were decoupled from advanced economies and BRICS were becoming new engines of global growth. From 2011 onwards, with the end of the twin booms in commodity prices and capital inflows, growth in EDEs has converged downward towards the depressed levels of advanced economies from the very high levels achieved in the run-up to the global crisis and the immediate aftermath. Loss of momentum is particularly visible in economies that failed to manage the earlier booms prudently. In examining the spillovers from policies in major advanced economies and China to EDEs, the chapter introduces the notion of commodity-finance nexus wherein these markets reinforce each other during both expansions and contractions. The chapter concludes with a brief discussion of policies needed to put the world economy into decent shape and to avoid liquidity and debt crises in EDEs.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

News and Notes

1980 ◽  
Vol 2 (2-3) ◽  
pp. 197-200
Author(s):  
D. Bruce Marshall
Keyword(s):  
International Economic ◽  
Los Angeles ◽  
Interest Groups ◽  
Economic Crisis ◽  
World Economy ◽  
International Studies ◽  
French Politics ◽  
The Troubles ◽  
Major Interest ◽  
The World

The Conference Group on French Politics and Society organized two panels on the theme: The International Economic Crisis – The French Response which were held in conjunction with the Annual Meeting of the International Studies Association in Los Angeles on March 21-22, 1980. Chaired by Peter Gou rev itch (UC San Diego), the panelists considered some of the various solutions which the French Government and major interest groups have developed to cope with the troubles that persist in the world economy.

Global Distributive Justice

2018 ◽  
pp. 102-117
Author(s):  
Simon Caney
Keyword(s):  
Distributive Justice ◽  
Empirical Research ◽  
Subject Matter ◽  
World Economy ◽  
Deep Understanding ◽  
Global Politics ◽  
Global Level ◽  
Global Distributive Justice ◽  
The World ◽  
The Subject

This chapter explores the relevance of facts and empirical enquiry for the normative project of enquiring what principles of distributive justice, if any, apply at the global level. Is empirical research needed for this kind of enquiry? And if so, how? Claims about global distributive justice often rest on factual assumptions. Seven different ways in which facts about national, regional and global politics (and hence empirical research into global politics) might inform accounts of global distributive justice are examined. A deep understanding of the nature of global politics and the world economy (and thus empirical research on it) is needed: to grasp the implications of principles of global distributive justice; to evaluate such principles for their attainability and political feasibility; to assess their desirability; and, first, to conceptualize the subject-matter of global distributive justice and to formulate the questions that accounts of global distributive justice need to answer.

United States and Its Challenge to Multilateralism in the Global Economy

2018 ◽  
Vol 74 (4) ◽  
pp. 402-419
Author(s):  
Krishnakumar S.
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Foreign Exchange Market ◽  
Bilateral Trade ◽  
Developing Economies ◽  
The United States ◽  
The Us ◽  
The World ◽  
Merchandise Trade

With Donald Trump as President of United States, multilateralism in the world economy is facing an unprecedented challenge. The international economic institutions that have evolved since the fifties are increasingly under the risk of being undermined. With the growing assertion of the emerging and developing economies in the international fora, United States is increasingly sceptical of its ability to maneuvre such institutions to suit its own purpose. This is particularly true with respect to WTO, based on “one country one vote” system. The tariff rate hikes initiated by the leader country in the recent past pose a serious challenge to the multilateral trading system. The paper tries to undertake a critical overview of the US pre-occupation of targeting economies on the basis of the bilateral merchandise trade surpluses of countries, through the trade legislations like Omnibus Act and Trade Facilitation Act. These legislations not only ignore the growing share of the United States in the growing invisibles trade in the world economy, but also read too much into the bilateral trade surpluses of economies with United States and the intervention done by them in the foreign exchange market.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

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