scholarly journals The role of global value chains in the impact of the Covid-19 pandemic on the world economy

2020 ◽  
pp. 10-17
Author(s):  
Reyna Myrna Paredes-Medina
Keyword(s):  
Economic Growth ◽  
Growth Model ◽  
World Economy ◽  
Global Value Chains ◽  
Value Chains ◽  
Strong Impact ◽  
Health Crisis ◽  
Economic Growth Model ◽  
The World ◽  
The Impact

The biggest problem that this health crisis has presented is the strong impact it has had on the world economy. As never before, another phenomenon, the COVID-19 pandemic, has come to put world trade at serious risk. This article aims to expose that. The magnitude of the health crisis is a consequence of the development of the current economic growth model and the role that Global Value Chains, as a fundamental part of the structure of the economic growth model, have had on the impact that this health crisis has had on the worldwide economy.

scholarly journals Prospects for Vietnam’s Economy in 2013

2013 ◽  
Vol 215 ◽  
pp. 02-11
Author(s):  
NGÂN TRẦN HOÀNG
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
World Economy ◽  
Inflation Rate ◽  
Economic Restructuring ◽  
Short Term ◽  
Economic Growth Model ◽  
The World ◽  
Global Growth

In 2012, Vietnam?s economy faced great challenges. The world economy experienced more difficulties and complicated upheavals. International trade fell drastically while global growth rate was lower than predicted target, which affected badly the Vietnamese economy because of its full integration into the world economy and large openness. In this context, principal targets set for 2013 are macroeconomic stability, lower inflation rate, higher growth rate, three strategic breakthroughs associated with restructuring of the economy, and a new economic growth model. This paper analyzes obstacles to Vietnam?s economic growth, and offers short-term solutions to bottlenecks and long-term ones to the economic restructuring.

scholarly journals CORONAVIRUS BIAS OF THE MODERN WORLD ECONOMY : SCALES , RISKS, CONSEQUENCES

2021 ◽  
Vol 7 (1) ◽  
pp. 5-17
Author(s):  
E. N. Smirnov
Keyword(s):  
Economic Growth ◽  
International Economic ◽  
Foreign Direct Investment ◽  
International Trade ◽  
Direct Investment ◽  
World Economy ◽  
Global Value Chains ◽  
Value Chains ◽  
Modern World ◽  
Economic Relations

The objective of our article is to analyze the risks of a new coronavirus pandemic with impact on the dynamics of the modern world economy, as well as to assess the corresponding consequences and risks that will lead to the formation of a new model for organizing interactions in international trade, foreign direct investment and a revision of the determinants of global economic growth. The nature of the impact of the current pandemic on the existing system of international economic relations, in contrast to the previous global crises, is unprecedentedly tough, which has led to a number of contradictions in the development of global value chains, international trade flows, and  the  transformation  of  external  financing  conditions.  The  author  believes  that  the  most important  challenge  of  the  pandemic  is  not  only  the  recovery  of  the  economy  and  economic activity, maintaining the growth rate of labor productivity, but also in preventing the growth of inequality, in shaping the ability to manage global risks and imbalances. The trends towards the localization of international trade and the repatriation of global  value chains act as a risk of a significant slowdown in international exchange, which contradicts the canons and strategies for the development of foreign economic relations  of those countries  that ensured their economic growth by expanding participation in international trade and attracting foreign direct investment. According to the author, a new wave of international economic cooperation between countries can bring a new impetus to the development of international trade, capital movement and the dynamics of economic mobility.

scholarly journals The Impact of Globalization on Economic Growth

Economics ◽  
2021 ◽  
Vol 104 (10-12) ◽  
pp. 99-109
Author(s):  
Mariam Dzebisashvili Mariam Dzebisashvili
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
World Economy ◽  
English Word ◽  
Major Influence ◽  
Modern World ◽  
Human Society ◽  
Trade Integration ◽  
The World ◽  
The Impact

Twentieth century for the world economy is associated with a range of processes that involve a broader scope. The important issue in the order is at stake and at the same time the internationalization stage - Globalization. It discusses the developmental processes of the world in the socio-economic context. We are globalized as an accelerating factor. In addition to the destruction, it also contributes to modernization. The English word "globe" means Globe, while "global" - the world. Globalization -the modern English word is to make changes in the world economy and society. More precisely, the globalization of the economy is one of the components of globalization that includes several aspects: • Liberalization of Economics; • Development of trade; • Integration of countries in the modern world community; • To increase the service market; • Make investments. Globalization is a major influence on the economy of all countries. It deals with the process of creation of goods and services, the use of force, investing in "physical" capital, technologies and their spread to other countries. In the end, everything is expressed in the production and labor efficiency. The article-"The Impact of Globalization on Economic Growth" deals with the modern actual issues of globalization and its impact on the national economy. According to the author’s explanation, the globalization is the process of formation the world as an economic, technological, political and cultural entity through conditions of maintaining the statehood and national identity of the concrete countries. Globalization has the objective as well as the subjective features. That’s why the globalization includes unprecedented possibilities for development of human society as so as it threats of its existence. The positive results have been achieved only when any exposures of abuse are excluded and all decisions are received as a result of common consensus. The other trends of globalization might be ended with disaster. Globalization influences all sectors of national economy, including unemployment. In the article into detailed form are discussed the positive and negative sides of influence that globalization has on the national state and economy. In Summary, it seems that globalization involves both the development of human society and its unseen possibilities of the threat of existence. Thus, it becomes necessary in the process of globalization proper management, or implementation of fair globalization. The greatest contribution to this belongs to the leader (big) states. It is on their decisions that globalization does not depend on fate. Key words: Globalization; national economy; unemployment; international labor market.

GLOBAL VALUE CHAINS AS A COMMON DENOMINATOR OF ENTREPRENEURSHIP IN THE “POST-PANDEMIC” WORLD.

2021 ◽  
Author(s):  
Ganira Ibrahimova
Keyword(s):  
Small Businesses ◽  
Global Value Chains ◽  
Global Scale ◽  
Value Chains ◽  
Common Denominator ◽  
Reproduction System ◽  
The World ◽  
National Economies ◽  
Global World ◽  
The Impact

There are already numerous opinions and forecasts about what the world economy will look like in the nearest future, in the wake of a post-pandemic period. The global world is facing now а social and economic crisis, never experienced before, the COVID-19 pandemic became a very significant trigger changing the way the world production was conducted in the previous era. In these conditions, large and small businesses are trying to cooperate with each other within the Global Value chains framework, to survive. As the main drivers of global production and financial systems, large corporations had to improve, but it is still difficult to say how long it will take. On the other side, after the pandemic recession, it is becoming more and more obvious that SME sector has increased its impact not only within the national economies, but also in a global scale. A huge amount of financial and institutional support is being provided to the SME sector by the governments, which eventually will lead to an improvement in the International Capital Reproduction System. However, there is still a gap in existing connections within the global value chains, which makes a big challenge for this integration process to be achieved. Although many aspects of globalization are now clearly understood, still there is scarce information on the transforming relations between large companies and their partners - smaller firms and the ways the formers integrate into the Global Value Chains. This study aims to define the evolution of the role of SMEs in the global value chains, identify and assess the factors that contribute to the integration of SMEs into global value chains and explore the impact of GVC onto their institutional framework.

Social organization and its impact on economic growth in China

2018 ◽  
Vol 45 (1) ◽  
pp. 126-143
Author(s):  
Yidan Chen ◽  
Lanying Sun
Keyword(s):  
Economic Growth ◽  
Social Organization ◽  
Growth Model ◽  
Capital Investment ◽  
Ordinary Least Squares ◽  
Added Value ◽  
Full Time ◽  
Content Type ◽  
Economic Growth Model ◽  
The Impact

Purpose The purpose of this paper is to analyze the direct and indirect impacts of social organization in promoting Chinese economic growth. It adopts empirical research to test the correlated hypotheses, and tries to put forward some policy suggestions. Design/methodology/approach Social organizations are measured by four indicators in this paper. It proposes five hypotheses about the impact of social organization on economic growth and builds an economic growth model including social organization. The ordinary least squares and stepwise regression methods are conducted to estimate the economic growth model with the data from 1999 to 2015. Findings Through the empirical analysis, it finds that the added value of social organization, human capital, investment and government budget expenditure affect economic growth significantly. The number of social organization at the end of each year has a positive significant effect on entrepreneurship, while the added value and growth rate of it have a negative effect on it. The numbers of social organization and full-time employee have significant effect on number to workers in the labor force. Only the number of social organization has positive significant effect on public education. Originality/value This paper conducts an empirical study on the impact of social organization on economic growth in China and fills a gap of the role of social organization on the economy in developing countries. The results provide referenced information for public policy-making.

scholarly journals Development of regional transport and logistics systems in the transformation of Russia's role in global value chains

2020 ◽  
Vol 177 ◽  
pp. 05010
Author(s):  
Natalia Verbitskaya
Keyword(s):  
World Economy ◽  
Mining Industry ◽  
Political Stability ◽  
Global Value Chains ◽  
Value Chains ◽  
Regional Transport ◽  
Logistics Systems ◽  
The World ◽  
National Economies ◽  
New Jobs

This article discusses the transformational capabilities of regional transport and logistics systems in the context of global value chains development, the so-called GVCs (Global value chains) [1], also related to the mining industry in Russia. The GVCs in the world economy are associated with increasing the efficiency of using national economies resources, creating and maintaining new jobs, increasing welfare and political stability, considered in the context of sustainable global development.

The Problem of Factors that Determine the Economic Development of Modern Russia

2018 ◽  
pp. 37-41
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth Rates ◽  
World Economy ◽  
Political Factors ◽  
The World ◽  
Before And After ◽  
Economic Growth Rates ◽  
The Impact ◽  
To Receive

In the economy of Russia after the crisis of 2008–2009 systemic changes were occurred. In the period before this crisis, Russia experienced economic growth, which was faster than the growth rate of the world economy, then after the crisis, economic growth rates do not exceed the growth rates of the world economy. To identify the reasons and factors for changing the model of economic development of the country, a project for researching the economy before and after the crisis of 2008–2009 is proposed. It is proposed to receive quantitative assessments of the impact of economic, socio-economic, political factors and other significant factors that determine productivity, differing by region of the country, by building econometric models of productivity in the form of expanded production functions.

Energy Environment and Economic Sustainable Growth

2011 ◽  
Vol 474-476 ◽  
pp. 2049-2053
Author(s):  
Li Feng Zhang ◽  
Qun Liu
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Model ◽  
Difficult Problem ◽  
Sustainable Growth ◽  
Growth Path ◽  
Endogenous Economic Growth ◽  
Economic Growth Model ◽  
The World ◽  
Energy Environment

The question of energy and enviorment is a hot question in the world, it is a hot and difficult problem in China also.To issue the sustainable growth of economy is the problem that all countries in the world care about including our country. So, this text sets up endogenous economic growth model by restricted energy and enviorament and discusses the condion of the economy sustainable development, and obtains the balanced economic growth path and some policy meanings.

scholarly journals Information Technology and the World Growth Resurgence

2007 ◽  
Vol 8 (2) ◽  
pp. 125-145 ◽  
Author(s):  
Dale W. Jorgenson ◽  
Khuong Vu
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
World Economy ◽  
It Investment ◽  
The World ◽  
World Economic ◽  
Per Capita ◽  
The Impact ◽  
Capita Output ◽  
World Output

Abstract This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia.

scholarly journals THE ROLE OF ZAKAT IN MALAYSIA IN DEALING WITH THE COVID-19 PANDEMIC

2021 ◽  
Vol 3 (8) ◽  
pp. 21-30
Author(s):  
Muhammad Hanif Mohd Noor ◽  
Muhammad Aiman Abdull Rahim ◽  
Wan Abdul Rahman Wan Ibrisam Fikry ◽  
Aminudin Hehsan
Keyword(s):  
Economic Growth ◽  
Content Analysis ◽  
World Economy ◽  
Point Of View ◽  
Economic Point ◽  
The People ◽  
The World ◽  
The Impact ◽  
Positive Effect

The COVID-19 pandemic that struck, shocks the whole world, regardless of race or religion. The effects of a pandemic can be felt from a health, social and economic point of view. The impact clearly affects the growth of the world economy, especially in Malaysia. Despite the pandemic, we can see the assistance extended by the people of the world, especially the community in Malaysia to help those effected and affected by the COVID-19 pandemic. Zakat institutions in Malaysia have also not missed out on their duty to help asnaf who need special assistance during this pandemic. So, in this study, the researcher will study in more depth the assistance provided and the channels used to help the zakat asnaf affected by the COVID-19 pandemic. In addition, this study also aims to determine the impact of assistance given to asnaf on the country's economic growth during the pandemic. The methodology used is content analysis from studies on zakat and, data from zakat institutions. The results of the study showed a positive effect on the economy of the recipients with the assistance received by the asnaf from the zakat institution.

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