Impact of the COVID-19 pandemic on the payment system for goods and services

2020 ◽  
pp. 60-65
Author(s):  
D.R. Zagidullin ◽  
A.V. Butov
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
World Economy ◽  
Payment System ◽  
Domestic Economy ◽  
Goods And Services ◽  
The World ◽  
Global Economic Crisis ◽  
Entire World

The coronavirus that affected the entire world economy caused a global economic crisis, which led not only to significant losses — a reduction in GDP, an increase in unemployment, and a decrease in population incomes, but also revealed new opportunities for economic development. Thus, the coronavirus epidemic, which led to the widespread introduction of self-isolation, accelerated the process of digitalization of the world and domestic economy. One of the areas of digitalization will be discussed in this article.

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.

scholarly journals Assumptions of the Global Economic Crisis and Its Inception in the Spring of 2020 Due to the COVID-19 Pandemic

2020 ◽  
Vol 15 (2) ◽  
pp. 191-212
Author(s):  
Alexey Portanskiy ◽  
◽  
Yulia Sudakova ◽  
Alexander Larionov ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
International Organizations ◽  
Global Economy ◽  
World Economy ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
International System ◽  
The World ◽  
Global Economic Crisis

Analytical agencies, as well as international organizations, have identified significant threats to the development of the world economy, increasing the likelihood of a new global financial crisis in late 2020–early 2021. The main challenges to the system come from trade wars that could lead to a crisis in the international system of trade regulation, a decrease in the effectiveness of public policy instruments, and a deterioration in the dynamics of global economic growth. An important factor leading to a slowdown in the global economy in 2020 will also be the coronavirus pandemic, although it is difficult, in the first half of 2020, to assess its final impact. The combination of these negative factors, coupled with the unresolved problems of the 2008 global financial crisis, significantly increases the likelihood of a new global economic crisis which could surpass the Great Depression of the 1930s. This study systematizes the main forecasts by international organizations and analytical agencies for the growth of the world economy and considers various theoretical concepts to identify the symptoms of the impending crisis. Ultimately, this article offers options for reducing the negative impact of the crisis on Russia. In connection with the coronavirus pandemic, preliminary estimates have been made of the likely damage to the world economy and the prospects for its recovery.

Prospects for the Development of a Systemic Global Economic Crisis

2019 ◽  
Vol 7 (1) ◽  
pp. 4-7
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Business Cycles ◽  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Developed Countries ◽  
Modern World ◽  
Way Of Life ◽  
Half Wave ◽  
The World ◽  
Global Economic Crisis

The work is devoted to forecasting the prospects for the development of a systemic economic crisis of the world economy. Forecasting is carried out on the base of N. Kondratyev econometric models of cycles in the world economy and the economies of the largest countries of the modern world. The results obtained allow us to establish that the beginning of Kondratiev’s upward halfwaves relates to the years 1999–2001. The expected duration of the period of the modern Kondratyev cycle is 50–54 years. The results of the study of the dynamics of the world economy, the results of studies of the economic dynamics of developed countries shows that the start of the upward half-waves of the Kondratieff cycle is expected in 1999–2001 goals. It can be associated with the transition to dominance of the fifth technological order, the emergence of the sixth way of life and the beginning of the death of the fourth technological way. The completion of the downward wave of this Kondratiev cycle and the systemic global economic crisis associated with the transition to the dominance of the sixth technological order should expected in 2049–2055. Since the likelihood of economic crises with business cycles, financial and investment cycles begins to increase with the transition to the downward half-wave of the Kondratyev cycle, from 2024–2027 one can expect a deepening of periodic crisis phenomena in the global economy.

Neoliberalism and the World Economic Crisis

2010 ◽  
pp. 56-64
Author(s):  
G. Kolodko
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
World Economy ◽  
Economic Values ◽  
Alternative System ◽  
Liberal Ideology ◽  
The World ◽  
World Economic ◽  
Modern Economic ◽  
World Economic Crisis

The paper criticizes neo-liberal ideology as responsible for the recent crisis faced by the world economy. The author analyzes possibilities of forecasting the crisis and shows that modern economic views and values are inadequate for overcoming the crisis and preventing such problems in the future. An alternative system of economic values is proposed which could ensure sustainable economic development.

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.

New challenges to the economic security of Russia and the world and counteraction methods

2020 ◽  
Vol 16 (7) ◽  
pp. 1246-1263
Author(s):  
S.B. Zainullin ◽  
O.A. Zainullina
Keyword(s):  
Economic Development ◽  
Economic Crisis ◽  
Economic Security ◽  
Economic Policies ◽  
Economic Decline ◽  
Current Crisis ◽  
Initial Stage ◽  
The World ◽  
Analysis And Synthesis ◽  
Global Threat

Subject. The 2020 economic crisis has become a global threat to the economic security of States, corporations and households. The elimination of this threat to economic security is a key priority of the State. Objectives. The article is dedicated to factors of the current crisis, both individually and in aggregate, as well as forecasts of the economic development during the crisis. Methods. The study is based on the scientific knowledge as dialectic, a combination of historical and logical unity, structural analysis, traditional methods of economic analysis and synthesis. Results. We carried out the comparative analysis of crisis theories, forecasted the economic development of the IMF, the World Bank, the Audit Chamber, and considered analytical agencies in dynamics, taking into account adjustments when the crisis manifests itself. Counteraction methods are reviewed from theoretical and practical perspectives. The article also analyzed the international expertise in crisis management. Conclusions and Relevance. The economic crisis was found to be at its initial stage, with negative scenarios being more probable. Proposed and implemented, local measures can mitigate the economic decline, prevent massive bankruptcies and a social explosion. Meanwhile, measures to restructure the economic policy may contribute to overcoming the crisis. The findings can be used by federal government bodies to adjust economic policies, develop programs and strategies for the socio-economic development of regions, and economic security strategies for corporations.

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.

Sign in / Sign up

Export Citation Format

Share Document