scholarly journals EVOLUTION OF VIETNAM’S ECONOMIC STRATEGY IN MODERN ARCHITECTONICS OF GLOBAL ECONOMIC RELATIONS

2021 ◽  
Author(s):  
Dmytro Kolechko
Keyword(s):  
Market Reform ◽  
Socialist Republic ◽  
Economic Strategy ◽  
Economic Relations ◽  
Postwar Reconstruction ◽  
Catching Up ◽  
Role Of The State ◽  
Third Stage ◽  
Strategic Goals ◽  
Internal And External Factors

The article analyzes the evolution of Vietnam’s economic strategy based on the concept of institutional archi- tecture. The main internal and external factors that determined the goals of the economic strategy of the Socialist Republic of Vietnam since its inception have been identified. The evolution of the country’s economic strategy in response to the change of target priorities under the influence of not only internal factors, but also in view of the formation of global architecture is substantiated. There are four main stages in the evolution of Vietnam’s economic strategy in global architectonics according to the main characteristics. The first stage (1975–1985) of the transition from an autonomous to a partially autonomous economic strategy of Vietnam in global architecture is characterized as postwar reconstruction, unification of economic complexes of the northern and southern territories into a single system on a planning and administrative basis and external economic integration on the ideological principle. The second stage (1986–2001) of the transition from an autonomous to a partially open economic strategy of regional orientation is characterized by market reform while maintaining the directive role of the state and a pragmatic regional foreign economic strategy. The third stage (2002–2010) of the transition from a partially open economic strategy of regional orientation to a partially open economic strategy of global orientation is characterized by expanding the spheres of market reform while maintaining planning and administrative principles and increasing openness in foreign economic strategy. The fourth stage (2011 – present) the transition to an open export-oriented economic strategy of catching up is characterized by expanding market economy, increasing transparency of state-owned enterprises, narrowing sectors of direct planning and administrative management, pragmatism in geoeconomic strategy, expanding global participation. The results of the economic strategy and significant successes in the market reform of Vietnam’s economy are manifested in high rates of economic growth, improving the welfare of the population. However, not all strategic goals have been achieved yet, in particular the task of industrialization remains relevant.

scholarly journals On the Reasons of Chinas Stable Economic Development in the XX - XXI Centuries

2021 ◽  
Vol 5 (4) ◽  
pp. 223-231
Author(s):  
Maria Balashova ◽  
Anastasiia Trufanova ◽  
Matvey Troshkin
Keyword(s):  
Global Economy ◽  
World Order ◽  
Developed Countries ◽  
Modern World ◽  
Macroeconomic Policies ◽  
Economic Relations ◽  
Progressive Development ◽  
Flexible System ◽  
Catching Up ◽  
Internal And External Factors

As is well known, the global economy is a flexible system of relationships between its key actors, and it is directly subject to the constant impact of both internal and external factors. Among the latter are the processes of globalization, integration, liberalization, transnationalization and others. They fundamentally change the rules of organization and conduct of international economic relations. Those countries that were able to duly assess the scale of imminent changes and flexibly respond to them by adjusting national macroeconomic policies were able to take leading positions in the structure of the modern world order. A striking example of such a state is China, which, despite its catching-up type of development, has reached the level of developed countries in a number of indicators and has become one of the significant poles in the structure of the modern world order. The study conducted by the authors of the article showed that the PRC managed to achieve such a result due to the competent reforms initiated in the 1970s by Deng Xiaoping and still ongoing taking into account best world practices. The country’s leadership’s choice of the IT sector as a flagship for further progressive development of the country’s economy has already brought China significant benefits of a strategic nature.

scholarly journals Competitiveness of the Slovak Republic as a Determinant of its Success in Third Country Markets

2021 ◽  
Vol 92 ◽  
pp. 09018
Author(s):  
Stanislav Zábojník ◽  
Zuzana Borovská
Keyword(s):  
Slovak Republic ◽  
Value Added ◽  
Foreign Markets ◽  
Economic Strategy ◽  
Economic Relations ◽  
The Third ◽  
Catching Up ◽  
New Strategy ◽  
Comprehensive Comparison ◽  
Key Indicators

Research background: Despite long-term goals of the economic strategy of the Slovak Republic, the Slovak competitiveness on the third countries´ markets is relatively weak considering the long tradition in the export activities of the Czechoslovak companies in the past. In terms of the international trade orientation, we note that the method of the Slovak economic strategy is mainly the pro-export support and placement of the Slovak production on foreign markets. Given the openness of the Slovak economy, competitiveness within these markets is crucial and proves the relevance of the research. Slovak Strategy of the External Economic Relations defines two groups of the priority territories for the support and subsidizing of the Slovak exports. Purpose of the article: The paper assesses the results of the strategy supporting the Slovak companies on the third markets and an aim of the paper is to define the key indicators of the competitiveness of the Slovak Republic on the third markets of the prioritized territories. Methods: Authors use basic indicators (export volumes, market share, RCA) as well as export gap method. Findings & Value added: The study indicates only a very small progress in the catching-up process of the Slovak companies in case of export competitiveness in the preferential territories outside of the EU. A comprehensive comparison of the V4 countries was realized and recommendations for a new strategy were formulated.

scholarly journals ROLE OF THE STATE IN THE DISTRIBUTION AND REDISTRIBUTION OF CASH AND AGRICULTURAL RESOURCES IN THE REGIONS OF THE RUSSIAN FEDERATION

2019 ◽  
Vol 50 (Special) ◽  
Author(s):  
Nagoev & et al.
Keyword(s):  
Agricultural Development ◽  
The State ◽  
Added Value ◽  
Economic Management ◽  
Investment Activity ◽  
Financial Flows ◽  
Economic Relations ◽  
Progressive Development ◽  
Role Of The State ◽  
Processed Products

 The article discusses the distribution of financial resources with a preference   for land assets and production of deep processed products with the highest added value, which simultaneously increases the incomes of producers and improves government revenues by increasing tax receipts. It is noted that the progressive development of agriculture depends on the technical modernization of the industry, which also requires investment. Therefore, it is necessary to subsidize the modernization and reconstruction of fixed assets - granaries, greenhouses. Potential profit, which will become an important component of investment, can give a boost to the investment activity. An analysis was carried out on the conceptual foundations of building economic relations in modern agricultural production. The conditions for the agricultural development have been assessed, and critical insights on mechanisms for implementing state and regional target programs have been provided. In terms of a systemic approach to the State economic management, the economic processes should be considered as a system of financial relations that interacts with other systems. In this regard, the paper presents a model that reflects the conceptual framework for managing financial flows. This model provides an overview of managing economic processes, and may take into account many elements and factors.

scholarly journals Mediating the form and direction of regional sustainable development: The role of the state in renewable energy deployment in selected regions

2020 ◽  
Vol 27 (3) ◽  
pp. 303-317
Author(s):  
Carla De Laurentis
Keyword(s):  
Renewable Energy ◽  
National Level ◽  
The State ◽  
Nation States ◽  
Ability To Act ◽  
Role Of The State ◽  
Strategic Goals ◽  
The Uk ◽  
National Governments

This paper analyses and critically discusses the role of regions in implementing renewable energy (RE) policies, examining the relationship between state policy and RE deployment. Using evidence from four case study regions, Apulia and Tuscany in Italy and Wales and Scotland in the UK, the paper teases out some differences in terms of regional competencies to implement RE policies across the two countries. The national governments in both Italy and the UK have constructed regulatory and governance relationships to orchestrate and reorder economic, social and ecological challenges and devolve responsibilities at the sub-national level. This has offered an opportunity for the peculiarities of regional setups to be taken into account and regions have contributed towards the promotion of green and sustainable path development via the route of promoting RE deployment. The paper argues that the downscaling and distribution of responsibility in the cases investigated reflect the capacity and willingness of nation states to respond to and mediate the strategic goals and outcomes formulated at national and international levels. Nevertheless, while the regions investigated display differences in their incentives, capacities and capabilities to increase RE deployment, their ability to act is very much influenced by nation states, stressing the important role of the state in mediating the form and direction of RE deployment.

The free trade area of the EAEU-Vietnam: preliminary analysis of effects of trade integration

2019 ◽  
Author(s):  
Эдуард Джагитян ◽  
Eduard Dzhagityan ◽  
Виктория Перская ◽  
Viktoriya Pyerskaya ◽  
Николай Ревенко ◽  
...  
Keyword(s):  
Free Trade ◽  
Free Trade Area ◽  
Trade Integration ◽  
Legal Analysis ◽  
Socialist Republic ◽  
Member States ◽  
Economic Relations ◽  
Trade Area ◽  
Short Period ◽  
The Government

In the collective monograph, written by the authors of the Financial University under the government of the Russian Federation and Banking Academy of Vietnam identified key problematice economic ties of the EEU member States and SVR. It States that the Agreement on free trade between the member States of the Eurasian economic Union and the Socialist Republic of Vietnam even for a short period of operation has allowed to deepen cooperation in almost all areas which are the subject of the interaction. A comparative assessment of different types of free trade agreements was made. The problems preventing the intensification of interaction between the EAEU countries and Vietnam in the areas of trade, foreign direct investment, intellectual property, tourism and regulation of migration flows are identified, the legal analysis of the articles of the Agreement is carried out. The efficiency of the EAEU-Vietnam free trade zone is estimated using the gravity model.The main recommendations on strengthening the interstate partnership within the framework of the current Agreement are formulated. For managers and specialists in foreign economic activity, researchers, postgraduates, students studying international economic relations.

scholarly journals The Role of state in the development of construction companies

2020 ◽  
Vol 10 ◽  
pp. 312-317
Author(s):  
Mammadova Kamala Mehdi
Keyword(s):  
The State ◽  
External Factors ◽  
Main Role ◽  
Construction Companies ◽  
Efficient Management ◽  
Role Of The State ◽  
Analysis And Synthesis ◽  
Major Factors ◽  
Internal And External Factors

The purpose and objectives of the study are to identify the role of the state in the development of construction companies and to define the economic mechanisms of the mutual relationship of internal and external factors for increasing the efficient management of the construction companies. Comparative analysis, a logical-systematic approach, comparison and generalization, analysis and synthesis, and economic and statistical methods were used in the course of research. The scientific novelty of the study aims at identifying the economic principles of the strategic management of construction companies, determining the relationship between internal and external factors, evaluating the advantage of the advanced management methods, and assessing the role of the state in the management of construction companies. Conclusion. The main role of internal and external factors in the development of construction companies is to protect them from the monopolistic sources of threats and increase their competitiveness in both domestic and global markets. The internal and external factors in the management of construction companies are mutually interconnected. The major factors contributing to the development of these relations depend on the use of information technology, innovation, and the economic policy pursued by the state.

scholarly journals The role and purpose of the state in the currents of neoliberalism

2020 ◽  
Vol 11 (11) ◽  
pp. 213-219
Author(s):  
Serediuk V. V.
Keyword(s):  
Social Order ◽  
Cultural Policy ◽  
Supply And Demand ◽  
Self Regulation ◽  
Social Practices ◽  
The State ◽  
Market Mechanism ◽  
Economic Relations ◽  
Free Competition ◽  
Role Of The State

The article reveals the theses of neoliberalism - a complex philosophical and scientific course, as well as social practices concerning a new understanding of the role and purpose of the state in the twentieth century. The results of the study are based on an analysis of the works of representatives of German and American neoliberalism. The strong role of the state in the economic sphere, as well as the humanitarian, social and security purpose of the state are described. Neoliberalism was formed in the fields of economics, political science, jurisprudence, international law, philosophy as scientific fields of knowledge and embodied in the economic, social and cultural policy of Western democracies, including the reflection of its doctrinal provisions in the constitutions of European states. Therefore, neoliberalism can be defined as a set of doctrinal currents and social practices, characterized by economic, political, legal and ideological components. Representatives of neoliberalism tried to redefine the role, significance and tasks of the state according to the interwar and postwar economic and political conditions. At the same time, their ideas concerned individual rights and freedoms, the legal social order, as well as the worldview and methodological foundations on which all currents of neoliberalism were based. In August 1938, a conference of neoliberal economists, known as the Lippmann Colloquium, was held in Paris, at which a new concept of the state was essentially formulated. It consisted of the following provisions. First, the state must determine the system of rules within which economic activity is formed, and guarantee their implementation. Secondly, it was recognized at the conference that the market mechanism does not provide automatic self-regulation and balance, and therefore requires some government intervention.The third provision of the conference established that the state had to take only those measures that would ensure the support of free competition. Fourth, the restriction of monopolies was recognized. This idea underlies at the basis of antitrust laws in USA. The fifth point of neoliberalism was the limited intervention of the state in economic relations. It was allowed only temporarily and in cases when the flexibility of supply and demand was violated and the balance on the basis of the price mechanism was lost. The state should not set the price on the market, but should influence the magnitude of supply or demand, thus equalizing prices and preventing sharp fluctuations. As a result, the state in neoliberalism has a strong influence on the economic system by eliminating market monopolies, ensuring free competition, regulating excess supply and demand. Also, one of the leading roles of the state is to carry out activities that do not provide profit in the near future (humanitarian, scientific, medical, environmental spheres). Having created conditions for sustainable economic development, the state has to embody social and security tasks. Keywords: neoliberalism, state, role, order, intervention, economy, law, peace, security, humanitarian and social tasks.

scholarly journals Economic aspects of globalization

2005 ◽  
Vol 48 (3-4) ◽  
pp. 135-153
Author(s):  
Emilija Beker
Keyword(s):  
International Economic ◽  
Western Europe ◽  
Specific Area ◽  
Economic Aspects ◽  
National Interests ◽  
Economic Relations ◽  
Role Of The State ◽  
International Economic Relations ◽  
State Domination ◽  
Economy Globalization

Economic aspects of globalization are related to the increasing economic integration and interdependence on a global level through the processes of overall trade and financial liberalization and deregulation, minimization the role of the state, domination of market principles and mechanisms, and appearance of new actors on international economic scene. Ideological background of the new globalization wave is neoliberalism or market fundamentalism that is institutionalized in the form of trilateralism in international economic relations. Trilateralism includes concentrating the power of governing and regulation of international relations on three regional blocks in the world economy (SAD, Western Europe and Asia) and three international economic institutions (IMF, WTO and WB) that regulate specific area of international economic relations. Although globalization represents huge potential for creation of enormous economic prosperity these benefits aren't evenly distributed, so there exists an increasing gap between the wealthy and the poor that deepens the discontents of the globalization process. Considering that the only alternative is autarky and isolation of economy, globalization cannot be an option, but a reality that must be accepted, however, not at the cost of annulling national interests and sovereignty, degrading economic positions and initiating enormous social tensions.

scholarly journals Crisis Management and Early Warning Systems in Enterprises

2020 ◽  
Vol 4 (4) ◽  
pp. 387-437
Author(s):  
Emre NALÇACIGİL ◽  
Ahmet Fatih ÖZYILMAZ
Keyword(s):  
Crisis Management ◽  
Early Warning ◽  
Raw Materials ◽  
Early Warning Systems ◽  
Warning Systems ◽  
Negative Consequences ◽  
Negative Effects ◽  
Good Test ◽  
Strategic Goals ◽  
Internal And External Factors

The crisis indicates negativity. This negativity can occur at different degrees and levels. For enterprises, the crisis includes every situation that can reduce the profitability of businesses and even threaten the existence of the business. Accordingly, conflicts within the enterprise, separation of the personnel from the enterprise, not finding new personnel, not finding raw materials, market losses, problems with suppliers or distributors, and most importantly, the political or economic problems that the country or the world may experience, and their negative effects on the business as crisis. It can be considered. Crises are time of danger, but they are also moments that can be turned into opportunities. Organizations can benefit from the crisis when they are ready for the crisis and implement the strategic goals they have developed rapidly. As a result, the crisis can be defined as the process during which organizations and administrations pass a good test. The purpose of this study is to define the concept of crisis, to reveal the crisis management issue in businesses, to evaluate the theories on this subject and to examine the situation in practice with a field study on the subject. The best way to deal with crises is to take precautions to ensure that crises never arise. In this regard, the concept of crisis has been defined in the first part of the study and detailed information about the crisis has been given. In this section, the internal and external factors of the crisis, the stages of its formation, possible positive and negative consequences are discussed in detail. In the second part, crisis management and how it is more effective and easier to get out of the crisis, the crisis management process, types and approaches are extensively studied. In the last section, Crisis exit strategies and early warning systems are evaluated.

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