scholarly journals Industry Upgrading: Recommendations of New Products Based on World Trade Network

Entropy ◽  
2019 ◽  
Vol 21 (1) ◽  
pp. 39
Author(s):  
Wen-Yao Zhang ◽  
Bo-Lun Chen ◽  
Yi-Xiu Kong ◽  
Gui-Yuan Shi ◽  
Yi-Cheng Zhang
Keyword(s):  
Developing Countries ◽  
World Trade ◽  
New Products ◽  
New Product ◽  
Trade Network ◽  
National Economic ◽  
Highly Correlated ◽  
The Right ◽  
New Industry ◽  
Complexity Algorithm

GDP is a classic indicator of the extent of national economic development. Research based on the World Trade Network has found that a country’s GDP depends largely on the products it exports. In order to increase the competitiveness of a country and further increase its GDP, a crucial issue is finding the right direction to upgrade the industry so that the country can enhance its competitiveness. The proximity indicator measures the similarity between products and can be used to predict the probability that a country will develop a new industry. On the other hand, the Fitness–Complexity algorithm can help to find the important products and developing countries. In this paper, we find that the maximum of the proximity between a certain product and a country’s existing products is highly correlated with the probability that the country exports this new product in the next year. In addition, we find that the more products that are related to a certain product, the higher probability of the emergence of the new product. Finally, we combine the proximity indicator and the Fitness–Complexity algorithm and then attempt to provide a recommendation list of new products that can help developing countries to upgrade their industry. A few examples are given in the end.

scholarly journals The impact of information management in developing new products in bank – an empirical analysis

2021 ◽  
Vol 54 (3-4) ◽  
pp. 197-206
Author(s):  
Zoran Najdanović ◽  
Natalia Tutek
Keyword(s):  
Product Development ◽  
Information Management ◽  
New Product Development ◽  
New Products ◽  
New Product ◽  
Business Decisions ◽  
Customer Preferences ◽  
The Right ◽  
The Impact

Successful information management is big challenge for any organization. In this paper the emphasis is on information management in new product development in bank. Under strong pressure from competition and new technological changes, as well as the turbulent changes in the environment, financial institutions must continuously develop new products and services. In order to make the services more interesting to the users, it is necessary to collect data about the users, their wishes and preferences. The data should then be converted into useful information that will result with developing the right product or service that users will recognize as necessary. Products become personalized, user-friendly, and the emphasis is on the importance of long-term company relationships with customers. Only with well-organized information, managers can make the right business decisions and companies can react in time to market changes. When creating their strategy, successful companies analyze and identify elements that significantly contribute to creating a competitive advantage and ensuring long-term growth and development. The paper presents an empirical research of customer preferences which lead to new product development in bank.

Fast and Slow-Growing Products in World Trade

1963 ◽  
Vol 25 ◽  
pp. 22-39 ◽  
Keyword(s):  
World Trade ◽  
Industrial Development ◽  
New Product ◽  
Dramatic Effect ◽  
The World ◽  
Relative Decline ◽  
New Industry ◽  
Slow Growing

The pattern of world trade in manufactures is changing constantly as industrial development goes on. Indeed, the rise of new industries and the relative decline of old ones may have a more dramatic effect on the composition of world trade than on that of home output. Typically, when a new industry is established, it begins in one or two countries. For some years, these countries will be the only suppliers of the world, and exports will rise faster than production. But as the industry becomes established more and more countries will introduce it; exports of the product will begin to rise more slowly than total world exports, and some new product or group of products will take its place as the fastest-growing element in world trade.

THE G77 AND THE RIGHT TO DEVELOPMENT

2016 ◽  
Vol 31 (1) ◽  
pp. 58-76
Author(s):  
Serges Djoyou Kamga
Keyword(s):  
Developing Countries ◽  
World Trade ◽  
World Order ◽  
World Trade Organisation ◽  
Just World ◽  
Right To Development ◽  
The World ◽  
The Right ◽  
The International Monetary Fund

Established in 1964, the G77 is the largest intergovernmental organisation representing developing countries in the United Nations. It was established to ensure a just world order and to ensure the realisation of the controversial right to development (RTD). The aim of this article is to explore the role of the G77 in fostering this realisation. To this end, it examines the platforms on which the G77 operates at the UN and beyond to explore the likelihood to lead to the achievement of the RTD. It finds that the UN Second, Third and Fourth Committees provide opportunities where the G77 can use its number to vote on various issues related to the realisation of the RTD. However, the G77 faces challenges related to the non-binding feature of the right, the constant opposition of many powerful Western countries that take important RTD decisions away from the UN, such as the World Trade Organisation, the International Monetary Fund and the G8 and the G20. To mitigate these challenges, the article calls on China’s influence in these fora to claim the RTD.

New product performance implications of ambidexterity in strategic marketing foci: a case of emerging market firms

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Huda Khan ◽  
Susan Freeman ◽  
Richard Lee
Keyword(s):  
New Product Development ◽  
Emerging Market ◽  
New Products ◽  
New Product ◽  
Performance Outcomes ◽  
Product Performance ◽  
Strategic Marketing ◽  
Content Type ◽  
New Product Performance ◽  
The Right

Purpose Ambidexterity’s effects on exploration and exploitation have been widely studied in the innovation literature. However, to date, no studies have determined how combining or balancing the two strategic marketing foci may improve new product performance outcomes. This is an important issue in emerging markets, which have considerable potential to introduce new products, given the rising affordability and intense competition between Western and local firms. These challenges compel managers to offer new products and solutions in these markets. However, firms may adopt different strategic marketing foci for new product development. Using Pakistan as an emerging-market context, this paper aims to provide novel insights into how managers can choose the right balance of a customer-driving versus customer-driven strategy to optimise new-product performance. Design/methodology/approach A multi-industry approach surveyed senior strategy managers (N = 106) of Pakistani businesses. Findings Using polynomial regression and surface test analyses, the findings showed that balancing the two strategies influenced new-product performance more than either strategy alone. Surprisingly, the imbalance of greater customer-driving over customer-driven strategy or vice versa did not improve new-product performance. Moreover, new-product performance was greater when the level of balance was higher compared to when it was lower. Originality/value Grounded in behavioural and strategic adaptation theory, this study extends ambidexterity’s theoretical foundations in marketing by empirically determining the optimal balance of an orientation and performance implication model. The findings can assist emerging market managers in choosing the right balance and combination of the two strategies for better performance of new products.

Exploring the World Trade Organisation's Trade and Environment/Public Health Jurisprudence as a Model for Incorporating a Trade–Labour Linkage into the Organisation's Multilateral Trade Regime: Should African Countries Accept a Policy Shift?

2017 ◽  
Vol 25 (1) ◽  
pp. 47-65
Author(s):  
Tapiwa V. Warikandwa ◽  
Patrick C. Osode
Keyword(s):  
Public Health ◽  
Developing Countries ◽  
World Trade ◽  
African Countries ◽  
Trade Regime ◽  
Multilateral Trade ◽  
Appellate Body ◽  
The World ◽  
Labour Standards ◽  
The Impact

The incorporation of a trade-labour (standards) linkage into the multilateral trade regime of the World Trade Organisation (WTO) has been persistently opposed by developing countries, including those in Africa, on the grounds that it has the potential to weaken their competitive advantage. For that reason, low levels of compliance with core labour standards have been viewed as acceptable by African countries. However, with the impact of WTO agreements growing increasingly broader and deeper for the weaker and vulnerable economies of developing countries, the jurisprudence developed by the WTO Panels and Appellate Body regarding a trade-environment/public health linkage has the potential to address the concerns of developing countries regarding the potential negative effects of a trade-labour linkage. This article argues that the pertinent WTO Panel and Appellate Body decisions could advance the prospects of establishing a linkage of global trade participation to labour standards without any harm befalling developing countries.

Wadhwa, Charan D. and MukulG. Asher (eds.). ASEAN-SOUTH ASIA Economic Relations. Singapore: Institute of Southeast Asian Studies. 1985. ix+384pp.

1988 ◽  
Vol 27 (3) ◽  
pp. 336-338
Author(s):  
Muhammad Hussain Malik
Keyword(s):  
Developing Countries ◽  
South Asian ◽  
Southeast Asian ◽  
Asian Countries ◽  
Asian Studies ◽  
Economic Relations ◽  
Rigorous Research ◽  
Southeast Asian Studies ◽  
The Right ◽  
Policy Proposals

The need to enhance their economic relations with each other has long been felt by developing countries. However, their efforts in this regard have met with limited success. One of the reasons for this could be that not much serious work has been done to understand the complexities and possibilities of economic relations of developing countries. The complementarities which exist among the economies of these countries remain relatively unexplored. There is a lack of concrete policy proposals which developing countries may follow to achieve their often proclaimed objective of collective self-reliance. All this needs serious and rigorous research efforts. In this perspective, the present study can be considered as a step in the right direction. It examines trade and other economic relations of developing countries of two regions of Asia-South Asian countries and member countries of the Association of Southeast Asian Nations (ASEAN). The study also explores ways and means to improve economic relations among these countries

A Decade of the World Trade Organization and the Trade Performance of Muslim Countries

2010 ◽  
Vol 27 (4) ◽  
pp. 23-44
Author(s):  
Ruzita Mohd. Amin
Keyword(s):  
Developing Countries ◽  
World Trade Organization ◽  
World Trade ◽  
Developed Countries ◽  
Playing Field ◽  
Muslim Countries ◽  
The World ◽  
The Developed Countries ◽  
Merchandise Trade ◽  
Wto Agreements

The World Trade Organization (WTO), established on 1 January 1995 as a successor to the General Agreement on Tariffs and Trade (GATT), has played an important role in promoting global free trade. The implementation of its agreements, however, has not been smooth and easy. In fact this has been particularly difficult for developing countries, since they are expected to be on a level playing field with the developed countries. After more than a decade of existence, it is worth looking at the WTO’s impact on developing countries, particularly Muslim countries. This paper focuses mainly on the performance of merchandise trade of Muslim countries after they joined the WTO. I first analyze their participation in world merchandise trade and highlight their trade characteristics in general. This is then followed by a short discussion on the implications of WTO agreements on Muslim countries and some recommendations on how to face this challenge.

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