scholarly journals The core – the periphery in global capitalism: from hegemony to multipolar order

2021 ◽  
pp. 87-102
Author(s):  
Tadeusz Klementewicz
Keyword(s):  
Latin American ◽  
World Economy ◽  
Raw Material ◽  
Military Bases ◽  
Wall Street ◽  
Neoliberal Globalization ◽  
Economic Growth Rate ◽  
The World ◽  
Vested Interests ◽  
The Usa

The article analyzes the present order, called neoliberal globalization. It serves American corporations from the arms, mining, financial and ICT sectors to accumulate the capital. They made Wall Street the financial center of the world where the surplus of Europe, Japan and Latin American is transformed into the American bonds. This order is embedded in the institutions created and steered by the American state. The competitive advantage in this phase of the evolution of capitalism is given not only by control over so-called intellectual property but also by conquering a possibly large market. That is the reason for the competition between huge mega-corporations such as American GAFA or Chinese BATX. Capitalism is affected by the planetary crisis. A decline of the economic growth rate will take place as a result of natural limits from 3% to the anticipated 1%, including a decreased productivity of the computer revolution. Mechanisms of the functioning of the world economy will change: reconstruction of energy industry and transport, pressure on recycling of minerals, transformation of the labour market together with the use of robotics and artificial intelligence, the end of consumptionism. The daily issues include the problem of supplementing economic globalization with a political control mechanism and including a new civilizational power, which China is becoming. The latter opt for a multipolar order, where local civilizations will preserve their separate character and where they will be able to create a system of supplying their economies with deficit raw material and outlets but without military bases and without following the USA in recognizing certain areas to be the “zones of vested interests”. The world will be different but will it be worse?

The World Economy

2003 ◽  
Vol 185 ◽  
pp. 9-16
Keyword(s):  
Latin American ◽  
Euro Area ◽  
World Trade ◽  
World Economy ◽  
Oil Industry ◽  
Private Sector Investment ◽  
Percentage Points ◽  
The Us ◽  
The World ◽  
Dollar Depreciation

The outlook for world growth this year has deteriorated since April, due to a sharp contraction in world trade in the first quarter of the year and failure to sustain the revival in private sector investment seen in the fourth quarter of 2002. We have as a consequence revised our projections for world growth this year down by ¼ percentage point. This reflects sharp downward revisions of ½–¾ percentage points in the Euro Area and Canada, both of whose exchange rates have continued to appreciate in effective terms, while the outlook for the US and Japan is broadly unchanged. Growth in Japan and the Euro Area stagnated in the first half of 2003, with recessions in Germany, Italy, the Netherlands and Austria appearing likely. The US and Canada, on the other hand, continued to expand, albeit more slowly than in the second half of 2002. Following two years of exceptional weakness, Latin American growth has started to revive, although Venezuela is still suffering from the 2 month stoppage in the oil industry earlier this year and Argentina has lost competitiveness due to a strong appreciation against the dollar. Growth has slowed in several Asian economies, notably South Korea, but China continues to expand rapidly, spurred by the competitiveness impact of the dollar depreciation and infrastructure preparations for the 2008 Olympics. This has helped sustain export growth from the rest of Asia despite the more widespread slowdown in world trade.

scholarly journals World corn market: analysis, trends and prospects of its deep processing

2020 ◽  
pp. 96-111
Author(s):  
Natalia Tanklevska ◽  
Viktoriia Petrenko ◽  
Alla Karnaushenko ◽  
Kateryna Melnykova
Keyword(s):  
Raw Materials ◽  
Investment Project ◽  
World Market ◽  
Raw Material ◽  
Deep Processing ◽  
Industrial Enterprises ◽  
Grain Processing ◽  
The World ◽  
The Usa ◽  
Corn Processing

Purpose. The purpose of the article is to determine the prospects of deep processing of corn in Ukraine, taking into account the restraining factors of development, on the basis of the analysis of the state and tendencies of functioning of the world market of corn. Methodology / approach. During the research, general scientific and special research methods were used, in particular: analysis and synthesis, scientific abstraction – in determining the purpose and formulating conclusions; comparative, calculation, statistical and graphical ones – in the assessment, analysis, comparison and establishment of patterns of the current state and trends in the production of corn and its deep processing; program-target one – to substantiate the factors of intensification of deep processing of corn in Ukraine. Results. The analysis was carried out and tendencies of world corn production were determined. The shares of countries-producers and countries-consumers of corn were calculated; their dynamics of changes were analyzed. Analysis of the dynamics of prices for corn grain on the Chicago Mercantile Exchange indicates that the price of raw materials is gradually declining, so agricultural enterprises that sell corn as a raw material, lose income from its production. The structure of corn use in different directions in the world was analyzed, and the structure of its use in the USA was considered in more detail. Factors of activation of deep processing of corn were identified. In Ukraine, deep grain processing as an industry is just beginning to develop, so it is worth processing corn, based on the experience of leading countries, such as the USA and China. Estimated costs for the construction of a modern plant for deep processing of corn and income from the implementation of this investment project were calculated. Originality/scientific novelty. The scientific novelty of the study is a comprehensive analysis of the world corn market; economic substantiation of expediency of corn processing in Ukraine; improving the system of factors to intensify the development of deep processing of corn in Ukraine. Practical value / implications. The practical value of the results of the study is that they will contribute to the formation of the concept of intensifying the development of deep processing of corn in Ukraine. The main results can be used by agro-industrial enterprises during the development of deep corn processing projects.

scholarly journals European Direct Investment in Brazil, 1860 to the Present

2010 ◽  
Vol 3 (1) ◽  
Author(s):  
Sérgio de Oliveira Birchal ◽  
Âmara Fuccio de Fraga e Silva
Keyword(s):  
United States ◽  
20Th Century ◽  
Direct Investment ◽  
World Economy ◽  
The United States ◽  
Geographical Proximity ◽  
Japanese Firms ◽  
The World ◽  
The Usa ◽  
Western European

European direct investment in Brazil dates back to the discovery of the country and has been since then either hegemonic or more important than a superficial observation can grasp, as this work aims at showing. During the 20th century, the United States has replaced Britain as the worlds economic superpower and the largest direct investor. US dominance in the world economy and geographical proximity to Brazil would suggest that US investments were by far the largest in the country during that century. Furthermore, as Japan had become the second largest economy in the world in the 1980s, we would expect that this would be reflected in the data of the largest multinationals in Brazil. However, as our investigation suggests, Western European direct investment has been as large (and in many occasions even larger) as that of the USA and Japanese firms have never had a prominent presence among the largest firms in Brazil, at least until the late 1990s.

Latin America and the World Economy: Some Observations on External Indebtedness and the International Monetary System

1978 ◽  
Vol 20 (3) ◽  
pp. 321-339
Author(s):  
Aldo Ferrer
Keyword(s):  
Latin America ◽  
Latin American ◽  
World Economy ◽  
International Monetary System ◽  
Import Substitution ◽  
External Debt ◽  
Economic Recession ◽  
Balance Of Payments ◽  
Adjustment Process ◽  
The World

Since 1973 most of the Latin American countries have experienced deterioration in their balance of payments due to the economic recession in the industrial countries and the oil price increases. The consequent adjustment process has called for stricter regulation of domestic demand and new advances in import substitution. Adjustment was less painful due to access to private financing in the international capital markets which, however, produced a sharp increase in the external debt.This article does not propose to review the recent patterns of external payments, already extensively analyzed in the periodic reports of the UN Economic Commission for Latin America, the International Monetary Fund, and in other studies. Rather, it will attempt to emphasize some long-term changes in the world economy and in Latin America that influence the international participation of the region. It is in this context that the adjustment process of the balance of payments and the external debt should be evaluated.

scholarly journals The Barriers to Proletarianization: Bolivian Mine Labour, 1826–1918

1996 ◽  
Vol 41 (S4) ◽  
pp. 27-51 ◽  
Author(s):  
Erick D. Langer
Keyword(s):  
Latin American ◽  
North Atlantic ◽  
Mining Industry ◽  
Raw Material ◽  
Export Orientation ◽  
The North ◽  
The World ◽  
Primary Goods ◽  
The North Atlantic ◽  
The Rich

Labour history in Latin America has, to a great degree, followed the models set by the rich historiography in Europe and North America. Other than a justifiable concern with the peculiarities in production for export of primary goods, much of the Latin American historiography suggests that the process of labour formation was rather similar to that of the North Atlantic economies, only lagging behind, as did industrialization in this region of the world. However, this was not the case. The export orientation of the mining industry and its peripheral location in the world economy introduced certain modifications not found in the North Atlantic economies. The vagaries of the mining industry, exacerbated by the severe swings in raw material prices, created conditions which hindered proletarianization and modified the consciousness of the mine workers.

scholarly journals Russia and the World: 2021. Annual Forecast: Economy and Foreign Policy

2020 ◽  
Keyword(s):  
Foreign Policy ◽  
International Relations ◽  
Financial Markets ◽  
World Economy ◽  
National Research Institute ◽  
Export Markets ◽  
Economic Relations ◽  
The World ◽  
Economic Trends ◽  
The Usa

The report “Russia and the World: 2021. Annual Forecast: Economy and Foreign Policy” continues the series of yearly publications of the Primakov National Research Institute of World Economy and International Relations (IMEMO) and Foundation for Prospective Studies and Initiatives. It consists of two parts: “Economy” and “Foreign Policy”. Part I focuses upon Russian foreign trade-economic relations and analysis and forecast of the world (Russia, Europe, the USA, Japan, India) economic trends in 2020-2021, including international financial markets and main Russian export markets. The report is based on the decades long IMEMO experience in forecast research. Part II presents the forecast of international relations for 2021, it analyzes main challenges for Russia and options to respond them.

scholarly journals Production of strategic types of field crops in the Samara region in the context of economy digitalization

2021 ◽  
Vol 37 ◽  
pp. 00169
Author(s):  
O.F. Pyatova ◽  
T.V. Shumilina ◽  
Yu.Yu. Gazizyanova ◽  
Yu.N. Kudryashova
Keyword(s):  
Agricultural Production ◽  
Crop Production ◽  
World Economy ◽  
Digital Technologies ◽  
Agricultural Products ◽  
Raw Material ◽  
Field Crops ◽  
Food Grains ◽  
The World ◽  
The Russian Federation

The digitalization of agriculture is connected with the increase in the efficiency and sustainability of its functioning. The paper studies the dynamics of indicators of the development of agricultural production in the Samara region. First of all, agriculture of the region is represented by crop production, the share of which in the total volume for a number of years has been over 60%. The basis of the regional crop production is the production of high quality food grains. Cereals are one of the most demanded items in the export of agricultural products. For the period from 2009 to 2020 the gross harvest of grain crops increased 1.6 times. The Samara region is one of the ten regions of the Russian Federation in terms of sunflower production. The gross harvest of sunflower, which serves as a raw material for the main export position of the region namely sunflower oil, has increased fivefold over the period. Digital technologies, the need to use which is determined by general trends in the development of the world economy, create new opportunities to increase the competitiveness of products and further develop the export potential not only of a particular region, but also of the country as a whole.

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