scholarly journals How a tiger became a pussycat

2020 ◽  
Vol 71 (2) ◽  
pp. 173-199
Author(s):  
Miljenko Antić
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Mainland China ◽  
Economic Power ◽  
Market Reforms ◽  
The World ◽  
Main Disadvantage ◽  
Rates Of Growth

Based on capitalism and socialist measures, Taiwan not only achieved better results than Mainland China during the 1949-91 period, but also better results than any other country in the world in promoting economic growth. A lack of market was the main disadvantage of Mainland China during this period of time. However, its successful pro-market reforms and unsuccessful reforms in Taiwan (based on privatization), reversed the tide. During the last quarter of the century, Mainland China has more efficient economic system than Taiwan. As a result, Mainland China became the world’s leading economic power in 2014 and it continues to have higher rates of growth than Taiwan.

IMPACT OF CAPITAL MARKET REFORMS ON ECONOMIC GROWTH: The Nigerian Experience

2012 ◽  
Vol 02 (02) ◽  
pp. 20-30
Author(s):  
OKE MICHAEL OJO ◽  
ADEUSI S.O.
Keyword(s):  
Economic Growth ◽  
Capital Market ◽  
Stock Exchange ◽  
Secondary Data ◽  
Least Square Method ◽  
Least Square ◽  
Market Reforms ◽  
Political Issues ◽  
The World ◽  
The Impact

This study examines the impact of capital market reforms on the Nigerian economic growth between 1981 and 2010. The prevailing challenges in the World financial markets; especially the capital market justifies the various forms of reforms going on around the World. The ordinary least square method of regression and the Johansen co-integration analysis were employed to analyse the secondary data sourced from the Central Bank of Nigeria statistical bulletin, the Nigeria Stock Exchange Fact book and the Nigeria Security and Exchange Commission Reports. The results show that capital reforms positively impact the economic growth. The study recommends among others that government should objectively evaluate enacted laws and reforms agenda in a manner that will enhance economic growth rather than considering political issues before embarking on reforms.

scholarly journals Small and Medium Business Management-Financial Sources and Difficulties

2015 ◽  
Vol 58 ◽  
pp. 49-57 ◽  
Author(s):  
Anthony Abiodun Eniola ◽  
Harry Entebang
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
Business Management ◽  
Business Environment ◽  
Intense Competition ◽  
Growth Policy ◽  
Firm Financing ◽  
The World ◽  
World Economic ◽  
Small And Medium Business

SMEs has performed an unparalleled role in coming to the Nigeria economic growth and assist as a training ground for entrepreneurs and a provider of solutions to address the challenges of unemployment in all consuming labours and promoting marketing growth. An opportunity for the wholesome advancement of SMEs in Nigeria was in connection to the sea change and growth policy as a consequence of the rapid advancement of the global economic system. But with the world economic unification, SMEs business environment is facing tremendous changes and more intense competition. Hence, the reason for this study is to confront the sources of SME firm financing, conceptualise its financial challenges and source causes with objectives to exploit the increase and advancement of SMEs prospectively.

La maldición de los recursos naturales, síntomas y secuelas en el sector externo

2015 ◽  
Vol 6 (11) ◽  
pp. 123
Author(s):  
Johan Posada
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
20Th Century ◽  
Growth And Development ◽  
The World ◽  
External Sector ◽  
Rich Countries ◽  
Rates Of Growth ◽  
Siglo Xx ◽  
Second World

ResumenA mediados del siglo XX se despierta un interés por estudiar el crecimiento y desarrollo de las economías del mundo, especialmente las del   continente africano. La independencia de los pueblos africanos después de la segunda guerra mundial mostró cómo la falta de industrialización y la alta dependencia de los recursos naturales traían crecimientos económicos muy bajos en la mayoría de estos países. Aunque la abundancia de recursos naturales puede significar riqueza y prosperidad para una nación, la ineficiente explotación de dichos recursos provoca que este acontecimiento sea una maldición y no una bendición. Por tal motivo, surge la teoría de la maldición de los recursos naturales, que explica que los países ricos en dichos recursos, son más vulnerables a tener bajas tasas de crecimiento y desarrollo que aquellos que no lo son. En este sentido el presente estudio examina cómo se materializa este fenómeno económico en Colombia y mediante cuáles herramientas estadísticas y analíticas se identifican las implicaciones que hacen que esta teoría se cumpla en el sector externo del país. Finalmente, se mostrará cómo la debilidad institucional y la ineficiente explotación de la ventaja comparativa del territorio, se ha convertido en el mayor obstáculo para librarnos de la maldición de los recursos naturales.  Recibido: 02/08/2015   Aceptado: 18/11/2015 ABSTRACTIn the mid-20th century awakens an interest in studying the growth anddevelopment of the economies of the world, especially those of the Africancontinent. The independence of African peoples after the second world warshowed how the lack of industrialization and high dependence on naturalresources brought economic growth low in most of these countries. Althoughthe abundance of natural resources can signify wealth and prosperity for anation, the inefficient exploitation of these resources caused this event tobe a curse and not a blessing. For this reason, arises the theory of the curseof natural resources, explaining that these resource-rich countries, are morevulnerable to have low rates of growth and development than those whoaren’t. In this sense, the present study examines how to materialize thiseconomic phenomenon in Colombia and using which tools identifies statistics and analytical implications that make that this theory is observed in the external sector of the country. Finally, it will show how the institutional weakness and inefficient exploitation of the comparative advantage of the territory have become the biggest obstacles to deliver us from the curse of natural resources.Received: 02/08/2015  Accepted: 18/11/2015

Is English being challenged by Mandarin in South Korea?

English Today ◽  
2017 ◽  
Vol 33 (4) ◽  
pp. 40-46 ◽  
Author(s):  
Hyeon-Seok Kang
Keyword(s):  
Economic Growth ◽  
World Bank ◽  
Purchasing Power Parity ◽  
The United States ◽  
Cultural Influence ◽  
Economic Power ◽  
Power Parity ◽  
The World Bank ◽  
The World ◽  
Near Future

China's stunning economic growth is now widely recognized around the globe (Wong, 2009). Its gross domestic product (GDP) is now the second largest in the world, and, according to the World Bank (2015), in terms of GDP based on purchasing power parity (PPP), it already has the world's largest economy, surpassing that of the United States. It is commonly claimed that China will be the strongest economic power in the near future, and that it will have a concomitantly more potent political and cultural influence on the rest of the world.

World Economic Growth and the Soviet Challenge

1968 ◽  
Vol 30 (4) ◽  
pp. 455-475 ◽  
Author(s):  
Stanislaw Swianiewicz
Keyword(s):  
Economic Growth ◽  
Soviet Union ◽  
Economic Power ◽  
Political Scientist ◽  
The Soviet Union ◽  
The World ◽  
World Economic ◽  
The Military ◽  
Advanced Capitalist

An Economist and a political scientist studying the postwar world cannot fail to be impressed by two outstanding features of postwar development: the expansion of the military and economic power of the Soviet Union and the acceleration of economic growth throughout the world, particularly in the advanced capitalist countries. In this article I propose to investigate possible interrelations of these phenomena.

scholarly journals Anthropocene, Emissions Budget, and the Structural Crisis of the Capitalist World-System

2020 ◽  
Vol 26 (2) ◽  
pp. 288-317
Author(s):  
Minqi Li
Keyword(s):  
Economic Growth ◽  
Economic System ◽  
World System ◽  
Equity Principle ◽  
The World ◽  
Capitalist World ◽  
Emissions Intensity ◽  
Market Relations ◽  
Global Emissions ◽  
Negative Growth

This paper evaluates the implications of global emissions budget distribution between three large geographical areas (China, OECD countries, and the rest of the world) in the context of Anthropocene and the structural crisis of the capitalist world system. Two plausible emissions distribution principles are considered. Under neither the inertia principle nor the equity principle, can continuing economic growth be made compatible with requirements of climate stabilization in all three regions. This conclusion does not change significantly when plausible acceleration of emissions intensity reduction in the future is taken into account. To limit global warming to not more than 2 degrees Celsius by the end of this century, at least two of the three large regions need to reorganize their economies to operate with zero or negative growth. Such a reorganization cannot be achieved under a capitalist economic system given the inherent tendency of capitalism towards endless accumulation. Neither is it likely to be achieved under any conceivable economic system dominated by market relations.

Chinism and the Future of the World

2020 ◽  
Vol 53 (4) ◽  
pp. 260-279
Author(s):  
Grzegorz W. Kolodko
Keyword(s):  
United States ◽  
Economic Growth ◽  
Economic System ◽  
The United States ◽  
Chinese Economy ◽  
The Past ◽  
Chinese Characteristics ◽  
The World ◽  
The Future ◽  
Supranational Level

The huge leap forward made by the Chinese economy over the past four decades as a result of market reforms and openness to the world is awe-inspiring for some and anxiety-inducing for others. Questions arise as to whether the foundations of Chinese economic success are sustainable and whether economic growth will be followed by political expansion. China makes great use of globalization and is therefore interested in its continuation. At the same time, it wants to give globalization new features, specific Chinese characteristics. This is met with the reluctance of the current global hegemon, the United States, even more so as fears arise that China may promote abroad its original political and economic system—Chinism. However, the world is still big enough to accommodate all of our systems. Potentially, not necessarily. What we need to make it happen is a proper policy, which, in the future, must also involve its better coordination at a supranational level.

scholarly journals The impact of globalization on the evolution of relations and property rights

2021 ◽  
Vol 129 ◽  
pp. 09013
Author(s):  
Mikhail Nikolaev ◽  
Marina Shamsutdinova ◽  
Rinas Nagimov
Keyword(s):  
Property Rights ◽  
Economic Analysis ◽  
Economic System ◽  
Institutional Structure ◽  
Economic Power ◽  
Market Behavior ◽  
The World ◽  
World Economic ◽  
The Impact ◽  
New System

Background of the study: Various aspects of the interaction between globalization and property have been considered by many authors. However, their elaboration is clearly insufficient today, taking into account the growing economic disequilibrium of the world economic system which is expressed in frequent crises and attempts to reform property. Another premise is connected with the contradictory impact of globalization on the nature of the evolution of property which is manifested in the increasing turbulence of economic processes and sometimes accompanied by the rejection of the emerging model of globalization. An important role is also played by the presence of conditions under which globalization leads to the deformation of property and owner’s rights. The purpose of the article: is to study and disclose the mechanisms of the impact of globalization on the transformation of relations and property rights. Methods: abstract-logical; economic analysis; historical. Conclusions: 1. The influence of globalization on the evolution of property is carried out through the unification of the rules of market behavior or by changing the institutional structure. 2. The contradictory impact of globalization on property is a source of education, along with traditional, its new forms that temporarily remove contradictions. 3. Globalization leads to the formation of a new system of property rights with a radical redistribution of economic power in society which raises the question of the need for appropriate, possibly supranational control.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

The Instruments of the Stabilization Fund: The Experience and Prospects

2004 ◽  
pp. 65-75 ◽  
Author(s):  
Mst. Afanasiev
Keyword(s):  
Economic Growth ◽  
Oil Prices ◽  
Federal Budget ◽  
Future Generations ◽  
The World

Сreation of the stabilization fund has become the main feature of the Russian federal budget for 2004. This instrument provides the opportunity to reduce the dependence of budget incomes on the fluctuations of oil prices. The accepted model does not consider the world experience in building of such funds as the "funds for future generations", and the increase of other revenues from the growing oil prices as well. That can lead to shortening and immobilization of the financial basis of economic growth.

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