scholarly journals «Silk Road of Health» – an innovative and infrastructural basis for the post-pandemic recovery of the world economy

2021 ◽  
pp. 179-195
Author(s):  
Kobiljon Kh. Zoidov ◽  
◽  
Alexey A. Medkov ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
System Analysis ◽  
Silk Road ◽  
Health Economy ◽  
Republic Of China ◽  
The World ◽  
R Project ◽  
Passenger Flows ◽  
The Impact

The study is aimed at analyzing the content and main directions of the formation of the transit health economy on the example of the Chinese Belt and Road Initiative (B&R) and its most important component – the Silk Road of Health (SRH), as well as the measures of the Chinese authorities to combat the spread of the COVID-19 coronavirus pandemic. Goal. To identify and analyze the internal contradictions of the B&R Initiative, which the pandemic has clearly shown, to develop proposals for the mutual linking of the various directions of the Chinese project in relation to the development of the transit economy in Russia. Tasks. Description of the content and main directions of the SRH; analysis of measures to combat the spread of the pandemic carried out by the authorities of the People's Republic of China (PRC), its provinces, as well as Russia, other states involved in the B&R project, in the context of modes of transport and the transport and communication system as a whole in the form of restrictions on export-import and transit cargo and passenger flows, difficulties in crossing borders, ship calls at seaports and crew changes; analysis of the impact of the pandemic and measures to combat it on the development of the transit economy. Methodology. The research uses the methods of world system analysis, evolutionary and institutional theory, economic and mathematical modeling, expert and analytical assessments. Results. It is shown that the pandemic has revealed the relevance and importance of the formation and development of the transit economy of health as a key direction of the post-crisis recovery of the world economy and the Russian national economic system. It was determined that the reorientation of cargo flows to rail transport was particularly evident in the field of transportation, which before the pandemic was carried out by air, i.e., in the segment of expensive goods, for which it is important to reduce the delivery time. It is indicated that an important anti-epidemic measure is the growth and passage of containerized cargo. It was emphasized that the high degree of uncertainty with sanitary standards in China creates nervousness in the market of export and transit cargo transportation. The main directions of the formation of SRH in Russia are outlined. Conclusions. The pandemic has increased awareness of the critical importance of digital connectivity to enhance the adaptive capacity of the global community and the global economy to meet today's challenges. Of all the components of the B&R, the anti-pandemic areas of the Initiative, namely, the SRH, the Digital Silk Road (DSR) and the Green Silk Road (GSR), should have priority. Russia should actively promote its own initiatives and projects for the development of the transit economy of health.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

scholarly journals HORIZONS OF RESEARCH IN GEOGRAPHY OF THE WORLD ECONOMY

HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  
Keyword(s):  
Developing Countries ◽  
Division Of Labor ◽  
Global Economy ◽  
World Economy ◽  
Spatial Organization ◽  
Modern World ◽  
High Tech ◽  
Research Activities ◽  
The World ◽  
The Impact

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

scholarly journals MAIN DIRECTIONS OF IMPROVEMENT OF FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF KAZAKHSTAN

2021 ◽  
Vol 80 (1) ◽  
pp. 44-48
Author(s):  
K. Bleutaeva ◽  
◽  
D. Babash ◽  
D. Digay ◽  
M. Alekbaeva ◽  
...  
Keyword(s):  
Economic Activity ◽  
World Economy ◽  
National Development ◽  
Silk Road ◽  
Necessary Condition ◽  
Present Stage ◽  
The World ◽  
Economic Background ◽  
The Republic ◽  
The Impact

Inclusion in global economic processes has now become a necessary condition for ensuring national development for every country that strives for the efficiency and competitiveness of its economy. Isolation from global processes inevitably leads to lagging behind and pushing the country into the outsiders of the world economy. The article considers the economic background of historical and geographical description of the world; historical facts of the Great Silk Road; describes main problems of the formation and development of the Great Silk Road at the present stage; considers the directions of the Impact of the Great Silk Road on the economy of the participating countries; proposes main ways to eliminate the problems of the development of modern directions of the Great Silk Road.

scholarly journals Informatization of global economic development and place of Ukraine in the information environment

2019 ◽  
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Global Economy ◽  
World Economy ◽  
Communication Technologies ◽  
Global Market ◽  
Development Index ◽  
The World ◽  
Information And Communication ◽  
The Impact

This publication studies the impact of information and communication technologies on the global economy; using the main Indices (Network Readiness Index, Global Innovation Index, E-Government Development Index, E-Participation Index and ICT Development Index) the authors analyzed at a on information society development. Information and communication technologies are an integral part of the global economy; the decisive factor of the country's economic development is the level of ICT use in various areas of public life. The fact of the transition from the “old industrial order” to the “new economy”, which affects the processes of production, processing and transmission of information, transforming the economy, politics and culture in the modern world, becomes obvious. The rapid development and spread of new ICT technologies acquire the nature of the global information revolution. This leads to an irreversible transformation into a new post-industrial type of society. The main idea of this research is relevant within the scientific and practical terms. The subject of the research is the informatization of global economic development. The purpose of the research is to study informatization processes and to analyze ICT as a resource of the modern development of the world economy. The object of the study is the dynamics of the informatization process development and the detailed analysis of the impact of ICT on the world economy. The scientific methods are a system analysis, a factor analysis and a graphical method. The study reveals new components of the world economy and countries’ positions on the global market. The authors conclude that due to the development of ICT, almost all areas of the economy, which have an impact on the development of states and people's welfare, are getting intensified.

scholarly journals The Impact of the Pandemic on the Global Economy

2021 ◽  
Vol 104 (1-2) ◽  
pp. 230-241
Author(s):  
Tatia Gurtskaia Tatia Gurtskaia ◽  
Karlo Gurtskaia Karlo Gurtskaia
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Government Support ◽  
Economic Losses ◽  
Retail Sales ◽  
Worst Case ◽  
Difficult Situation ◽  
The World ◽  
Travel Restrictions ◽  
The Impact

The pandemic has caused huge damage around the world. To date, more than 100 million people have been infected, more than 2 million have died, bringing us to self-isolation and causing a halt to economic activity as countries have imposed strict travel restrictions to halt the spread of the virus. The economic losses caused by the pandemic, the biggest economic shock in decades. The economic losses caused by the COVID-19 pandemic are largely driven by falling demand, meaning that consumers can no longer buy the goods and services available in the global economy. This situation is clearly evident in such affected areas as tourism and the hotel sector. To stop the spread of the virus, countries have imposed travel restrictions, which means that many cannot purchase tickets for holidays or business meetings. Such a reduction in consumer demand leads to the loss of planned revenue for airlines, they have to reduce the cost of flights, reduce the number of expenses. Without government support, the airline will eventually have to cut staff to cut costs, too. Despite the difficult situation in which the world economy finds itself, there are reasons to avoid the worst-case scenario. From past crises, governments have come to the conclusion that a recession caused by falling demand can be overcome by public spending. Accordingly, the authorities of many countries are increasing the assistance of their citizens and the availability of enterprises to cash, which is necessary for the maintenance of personnel during the pandemic. In addition, as practice shows, some industries benefit even in the face of a pandemic, for example, online retail sales, whose profit in 2020 was $ 3.9 trillion, as well as retail sales of food, government and medical industries have some economic growth that provides compensation for losses. Keywords: Pandemic, COVID-19, World Economy, Globalization, Crisis.

scholarly journals An Impact of Modi’s Government on Indian Economy with Special Reference to Selected Governmental Programmes

2017 ◽  
Vol 7 (2) ◽  
pp. 281
Author(s):  
Prakasha N
Keyword(s):  
Purchasing Power Parity ◽  
Global Economy ◽  
Power Parity ◽  
Economic Sectors ◽  
Average Growth ◽  
Republic Of China ◽  
Indian Economy ◽  
The World ◽  
Investment Rates ◽  
The Impact

<div><p><em>The economy of India is the sixth largest economy in the world measured by Purchasing Power Parity (PPP). The country is classified as a newly industrialized country, one of the G-20 major economies, a member of BRICS and a developing economy with an average growth rate of approximately 7 percent over the last two decades. India’s economy became the world fastest growing major economy in the last quarter of 2014, surpassing the People’s Republic of China. The long-term growth perspective of the Indian economy is positive due its young population, corresponding low dependency ratio, healthy saving and investment rates, and increasing integration into the global economy. This paper deals with the impact of Narendra Modi’s Government on various socio economic sectors of Indian economy. This study is trying to analyse the progressively changes in various economic variables through implementing various welfare programmes in present Indian economy and after the Modi came into power. </em></p></div>

scholarly journals Covid-19 Pandemic Impact on World Economy

2021 ◽  
Vol 7 (3) ◽  
pp. 402-415
Author(s):  
Zunaira Zahoor
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Economic Downturn ◽  
Corona Virus ◽  
The World ◽  
The One ◽  
The Impact ◽  
The Universe ◽  
The International Monetary Fund

This study is being conducted when the Corona virus spreads around the world and becomes an economic major crisis in 2020. Researchers explain the impact of the Corona virus on the world economy by getting information from Standard & poverty agencies (S&P), Organization of Economic Cooperation and Development (OECD), and from different websites and reports. moreover, researchers obtain information from the International Monetary Fund (IMF). In addition, Explain the losses from one industry to another and concluded that the global economy is confronted by dual crises in nature. The deaths of millions of people are on the one hand and the economy crisis on the other. The first problem comprises saving people from death, and the second in saving the universe against economic crises. But both challenges are inconsistent. If individuals want to preserve lives, a remain at home and a social distance policy are imposed, and the country is shut down. However, we can rescue our citizens living, but the economy collapses fast because all the companies in the country have been shut down. If economic crisis is saved, people are supposed to go out and work as normal, the global economy would boost but soon millions or billions of people are lost who will also have an impact on the economic downturn. Policymakers, doctors and manufacturers of health should work together to identify solutions to benefit both individuals living and saving economic crisis.

scholarly journals Living with China—Locally and Globally (The Mahbub Ul Haq Memorial Lecture)

2012 ◽  
Vol 51 (4I) ◽  
pp. 37-58 ◽  
Author(s):  
L. Alan Winters
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Policy Issue ◽  
Data Availability ◽  
Memorial Lecture ◽  
Trading System ◽  
Middle Income ◽  
The World ◽  
World Trading System ◽  
The Impact

This paper considers the impact of the economic rise of China on both firms and competition in middle income countries (locally) and on the world trading system (globally). It examines the size and nature of the shock that China has administered to the world economy, the way in which firms and export sectors in one middle income country have accommodated that rise, some of the frictions and adjustment strains that China’s rise pose for the world trading system, and two cases which I believe to pose threats to the world trading system if the parties involved do not behave with great care. I will argue that integrating China into the global economy in a way that benefits nearly all presents perhaps the most important international trade and trade policy issue of the present era. The shock that the emergence of China is administering to the world economy is larger than any seen previously—and by a large margin. While the huge increase in global production that China has generated brings widespread benefits, there are inevitably stresses and indeed possibly some losers. I start to identify these in two exercises that are reported here, both, for reasons of data availability, carried out on Mexico. One looks at firm adjustment and the other at export margins. I then discuss China’s role in the wider trading system—the WTO and in global imbalances—and finally identify two areas in which the poor handling of the integration of China into the world economy could derail the world trading system. I mention these latter issues not as inevitable disasters but as issues that are sensitive enough to explode if not handled delicately. An important role of economists in policy-making is to discourage inappropriate policies and descent into trade war as a result of the competition that China brings would certainly count as ‘inappropriate’. It is as a warning, no more, that I address them in this paper.

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