scholarly journals COVID-19 Pandemic: Opportunity for a True Economic and Regional Integration of Africa

2021 ◽  
Vol 3 (2) ◽  
pp. 143-151
Author(s):  
Modeste Ndaba Modeawi ◽  
Clarisse Falanga Mawi ◽  
Urbain Mazo Nyante ◽  
Jacquie Kangu Kobe ◽  
Ruphin Djolu Djoza ◽  
...  
Keyword(s):  
Natural Disasters ◽  
Economic Crisis ◽  
Regional Integration ◽  
World Economy ◽  
Commodity Prices ◽  
World Market ◽  
Financial Conditions ◽  
The World ◽  
Official Sources ◽  
Low Rate

According to official sources, the coronavirus pandemic that emerged in China in December 2019 has already infected more than 17 million and killed more than 666,850 people. Less impacted than the rest of the world, the Africa continent has nearly 890,000 confirmed cases as of July 30, 2020. According to the African Bank of Development, nearly 50 million Africans will be victims of extreme poverty as a result of the coronavirus pandemic; and this, following the global economic crisis due to this pandemic. It is shown that between 2020 and 2021, Africa will lose in terms of economic income ¼ of trillion dollars and that a contraction of 3.4% of GDP would be noticed. The risk of decline is justified by the decline in oil production by the main exporting countries, notably Algeria, Nigeria and Angola; in addition to the decline in commodity prices on the world market, the volatility of global financial conditions and natural disasters. Even if some analysts believe that the effects of this pandemic are temporary on the economy of the states, it is clear to note that they are perceptible on the world economy in general. In Africa, the low rate of infection, which is 5% since the emergence of the pandemic until July 30, 2020, is a favorable opportunity for the continent to recover and accelerate the process of its economic and regional integration.

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.

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.

scholarly journals INTEGRATION PROCESSES AND GLOBAL REGIONS

2018 ◽  
pp. 291-304 ◽  
Author(s):  
Olena Bulatova ◽  
Yurii Chentukov ◽  
Illia Chentukov
Keyword(s):  
Regional Integration ◽  
Market Integration ◽  
World Economy ◽  
Space Structure ◽  
Regional Competitiveness ◽  
Global Space ◽  
Development Level ◽  
The World ◽  
Development Processes

This article deals with changes of a spatial structure of the world economy, which has complex and heterogeneous hierarchy. It specifies that multipurposeness and complex structuring are becoming global signs of regionalization proc­esses and highlights the enhanced role of regional competitiveness within the context of global transformation. The emphasis is laid upon the objectiveness of the global regionalization process, which characterizes processes of the world economy development whilst global regions are becoming its main system ele­ments. This paper stresses that global regionalization development is reflected through a new global space structure. It suggests a methodic toolbox of compre­hensive assessment of regional integration development processes with due consideration of various aspects (trade, industrial and market integration), which provides for a comparative analysis of global regions' development or of certain integration associations according to the development level of integration proc­esses on the basis of suggested integrated index.

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.

The Study of Symbiosis Question of Clusters Enterprise Value Chain in the “Post Crisis Era” - A Perspective Based on Value Network and Grid

2013 ◽  
Vol 291-294 ◽  
pp. 2845-2848
Author(s):  
Hua Bai Bu ◽  
Shi Zhen Bu
Keyword(s):  
United States ◽  
Economic Crisis ◽  
Value Chain ◽  
Theoretical Basis ◽  
World Economy ◽  
The United States ◽  
Enterprise Value ◽  
Value Network ◽  
The World ◽  
Global Economic Crisis

Along with the constant evolution of the world economy, the global economic crisis which was following the United States sub-prime loans crisis has entered “post crisis era”. However, it is still not resolved that this crisis has highlighted the problem of abnormal inner structure of clusters enterprise value chain in our country, and some developmental obstacles coexist in the cluster enterprises. This article addresses the realities of the “post crisis era” with value network and Grid as the starting points and puts forward a symbiotic path of cluster enterprises value chain, and then provides a theoretical basis for the decision about the symbiosis.

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