Competitiveness in the era of global digitalization

Author(s):  
E. Smirnov

In the context of digitalization in the world, competition is intensifying, lead-ing to a significant transformation of international business and a change in the development strategies of global digital platforms in the global market. The article analyzes and summarizes the prevailing approaches to competition and antitrust policy in the context of the “platformization” of the world economy and its impact on international economic dynamics.

2018 ◽  
Vol 7 (2) ◽  
pp. 144-155
Author(s):  
Som Sekhar Bhattacharyya ◽  
Andrejs Cˇ irjevskis ◽  
Tatjana Põlajeva

Baltic countries, namely, Latvia, Lithuania and Estonia, the former Soviet states, are making a mark in the world economy. Like India, Baltic countries are contesting with other emerging economies to gain a share of the global market. Given this context, it is insightful to study how emerging economy firms are faring in transitional economies. The case, based upon secondary data sources, helps to comprehend the nature and extent of two-way international business between Latvia, Lithuania and Estonia with Indian firms and Indian market.


10.12737/6730 ◽  
2014 ◽  
Vol 2 (6) ◽  
pp. 23-27
Author(s):  
Басовская ◽  
Elena Basovskaya ◽  
Басовский ◽  
Leonid Basovskiy

A criterion for an assessment of international economic relations’ risks has been offered. This criterion is based on proposed approach to assessment of risks for world economic dynamics and economic dynamics of different countries and territories. The economic dynamics risk is estimated by comparison of economic growth rates’ average size and a risk measure — a mean square deviation of growth rates. Definition for a line of market of international economic relations’ prospects is offered, similar to the capital market line in the financial assets’ profitability model (CAPM). On the basis of IMF data for 2004-2013 the economic dynamics risks for Europe and CIS countries have been estimated. It has been established that in Europe only economies of Switzerland, Poland, Albania and Malta have the risks below the world economy ones. From among the largest economies the smallest risks have economies of Great Britain, Germany and France. The greatest risks have economies of Italy and Spain. In the CIS only Belarus, Kazakhstan, Tajikistan, Turkmenistan and Uzbekistan have the risks below the world economy ones. From among the CIS countries the Ukraine has the worst risk criteria.


Author(s):  
MAZARAKI Anatoliy ◽  
МЕLNYK Tetiana

Background. Ukraine is integrating closer into international economic processes and at this stage it is important to work out a mechanism of relationship formation ratio between freedom of trade and protectionism, which would smooth the effects of the global market slump and use maximally the benefits that can be obtained abroad. The aim of the article is to reveal the problems of neo-protectionism in the modern period of global economic development and the related deployment of trade wars between the count­ries of the world with the analysis of their consequences for the global economies and Ukraine. Materialsandmethods. The information base of the study is the publications of do­mestic and foreign scholars on the protectionism problems and certain trade wars mani­festations in trade policy; official data of the statistical office of the USA, the WTO and other international organizations. Methods of systematization, analysis and synthesis, graphic, tabular, etc. have been used in the research. Results. In the arsenal of trade and political struggle of countries, along with trade­tional forms of import restrictions, there are effective measures of foreign trade regulation such as administrative, financial, credit, technical, etc., which are gaining strength and greatly complicate free movement of goods across borders. Analysis and identification of modern protection forms of national markets have shown that the expansion of protectionist forms and methods is carried out as the result of the application of non-tariff trade restrictions, which are particularly active in developed industrialized countries, including the USA, although they are demonstrative free trade supporters. The consequences of the confrontation of "big" economies are manifested in the form of "trade wars". Their escalation can significantly influence the world economy and trade and negatively affect the economies of developing countries. Conclusion. The development of international trade can be characterized as a combi­nation of neo-free trade and neo-protectionism at the present stage. It has been established that neo-protectionist measures can give impulse to the development of national production and stimulate domestic demand for developing countries, although a significant number of such measures may create significant risks in long-term perspective. The results of the confrontation between the "big"economies are revealed in the form of "trade wars", which intensification can significantly affect the world economy and trade and negatively influence the economies of developing countries. Neo-protectionism measures which can be useful for Ukraine’s economy development in modern conditions are offered. Keywords: protectionism, neo-protectionism,international economic policy, "trade war", foreign trade, tariffs, non-tariff measures.


2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Dmitro Maiboroda ◽  

One of the main features of modern development is the intensification of globalization processes, which are objective in nature and are the result of the evolution of the world economy. On today the global development of international economic relations contributes to the process of their transnationalization. Undoubtedly, multinational corporations play an important role in the world economy, as they are the monopoly carriers of foreign direct investment and innovation potential. TNCs are a kind of engine of globalization of the economy, which contributes to the disappearance of trade barriers, improvement of information and communication technologies, the development of market relations. This explains the relevance of the chosen topic, because entering international economic markets must be accompanied by a series of carefully considered measures that will take into account not only the interests of the company, but also the peculiarities of the international environment. The article considers the main stages of development of transnational corporations and identifies the main factors that influenced the processes of transnationalization in different periods. The influence of TNCs on the international economy and the economy of an individual country is determined. The main priority strategies for further development of transnationalization of the world economy are highlighted. The reasons and conditions of transnationalization are also substantiated, the peculiarities of the role of TNCs in international business are investigated. The directions and measures on increase of efficiency of activity of transnational corporations and are analyzed theoretical and methodical approaches to increase the efficiency of international activities of transnational corporations are studied. The role and significance of transnational corporations in the system of international business are determined.


Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  

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.


1980 ◽  
Vol 2 (2-3) ◽  
pp. 197-200
Author(s):  
D. Bruce Marshall

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.


Author(s):  
Aigul R. Nurieva ◽  
◽  
Marat Z. Gibadullin ◽  
Diana I. Zainutdinova ◽  
◽  
...  

The current state of the world economy is characterized by instability and mobility. In the context of a protracted crisis, aggravated by the COVID-19 pandemic, competitive contradictions between the leading actors in international economic relations and world politics are exacerbating. Each of them is trying to fix the positions they have won in the world arena, resorting to the tools of economic and military diplomacy to achieve their strategic goals. The confrontation between old and new world leaders of the world economy is being transferred not only to traditional markets, but also to new ones, which were previously on the periphery of their economic interests. The African continent today, like in the nineteenth century, attracts more and more close attention of the leading states of the world. Rich in natural resources, it becomes an arena for the struggle for control over it from the United States, China, and European countries. Taking into account the fact that for Russia the field of foreign economic activity has significantly narrowed in recent years, its return to Africa should become one of the priorities of the national foreign economic strategy. In the above context, it seems relevant to comprehensively study the stages of development of economic relations between Russia and African countries and, based on historical experience, to identify the shortcomings and failures of economic policy in relations with African partners. When writing the article, the authors used general scientific research methods, primarily the dialectical method of cognition, the logical and historical method, deduction and induction, and mathematical methods. In the course of the study, the following results were achieved. (1) Based on the analysis of historical documents, the nature of the economic relations of the Russian Empire with African countries at various stages of their evolution has been determined. It has been established that, at the initial stage of interaction, Russia, in its desire to establish economic contacts with the states in the region, relied on the principle of respect for their sovereignty as independent states, independent subjects of international economic relations; however, at the following stage, associated with the beginning of the colonial division of Africa by the European powers, Russia was forced to passively participate in the colonial aggression against the countries of the region, entering into international agreements with the colonialists on the status of African countries. (2) Based on the processing of statistical data on the foreign trade of the Russian Empire with African countries and territories, a tendency has been revealed that characterizes the gradual curtailment of Russia’s economic activity in this region.


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