scholarly journals 50 Years of Real Convergence – Without Extractives Dependency and Tax Havens

2021 ◽  
Vol 66 (4) ◽  
pp. 501-516
Author(s):  
Róbert Csoma
Keyword(s):  
World Economy ◽  
Special Focus ◽  
Tax Havens ◽  
Developed Economies ◽  
Common Criteria ◽  
Catching Up ◽  
Real Convergence ◽  
Convergence Process ◽  
The World

In the world economy real convergence cannot be detected in the long term and lack of convergence is discussed in this article. The analysis is based on results and debates of economic growth theory and development studies. Special focus is placed on extractives dependent and tax haven countries and the article concludes that these countries considerably contribute to the partial real convergence process, limited only to some regions of the world economy. This paper also studies some common criteria of the catching-up process of emerging countries to developed economies. It concludes that although the factors of catching-up can be very unique in countries at different levels of development, yet there are some factors without which catching-up is hardly feasible nowadays in any country.

World Economy: Forecast for the Year 2050

2008 ◽  
pp. 62-79 ◽  
Author(s):  
V. Klinov
Keyword(s):  
International Relations ◽  
World Economy ◽  
Think Tanks ◽  
Geographic Structure ◽  
Catching Up ◽  
The World ◽  
Crucial Problem ◽  
Demographic Processes ◽  
Long Term Trends

Forecasting long-term trends in the world economy is a necessary element of elaborating a strategy of economic development. The forecast for 2025 and 2050 has been worked out using concepts of Kondratieff long waves, catching-up pathways of development as well as modern trends in demographic processes. The estimates of changes in the geographic structure of the world economy, so derived, are compared with forecasts based on extrapolation of trends in the last 30 years of the 20th century, made up by prominent think tanks. The formation of the multi-center structure of the world economy and probable emergence of Russia as one of the global powers may imply that worldwide cooperation in securing supply of natural resources and protecting the environment will become a crucial problem of international relations.

Coal's Persistence in the Capitalist World-Economy

2020 ◽  
Vol 6 (2) ◽  
pp. 194-221 ◽  
Author(s):  
Paul K. Gellert ◽  
Paul S. Ciccantell
Keyword(s):  
World Economy ◽  
Industrial Revolution ◽  
Energy Transition ◽  
Ecological Modernization ◽  
World Systems ◽  
Coal Consumption ◽  
The World ◽  
Capitalist World Economy ◽  
Capitalist World

Predominant analyses of energy offer insufficient theoretical and political-economic insight into the persistence of coal and other fossil fuels. The dominant narrative of coal powering the Industrial Revolution, and Great Britain's world dominance in the nineteenth century giving way to a U.S.- and oil-dominated twentieth century, is marred by teleological assumptions. The key assumption that a complete energy “transition” will occur leads some to conceive of a renewable-energy-dominated twenty-first century led by China. After critiquing the teleological assumptions of modernization, ecological modernization, energetics, and even world-systems analysis of energy “transition,” this paper offers a world-systems perspective on the “raw” materialism of coal. Examining the material characteristics of coal and the unequal structure of the world-economy, the paper uses long-term data from governmental and private sources to reveal the lack of transition as new sources of energy are added. The increases in coal consumption in China and India as they have ascended in the capitalist world-economy have more than offset the leveling-off and decline in some core nations. A true global peak and decline (let alone full substitution) in energy generally and coal specifically has never happened. The future need not repeat the past, but technical, policy, and movement approaches will not get far without addressing the structural imperatives of capitalist growth and the uneven power structures and processes of long-term change of the world-system.

scholarly journals The new structural economics: patient capital as a comparative advantage

2017 ◽  
Vol 1 (1) ◽  
pp. 4 ◽  
Author(s):  
Justin Yifu Lin ◽  
Yan Wang
Keyword(s):  
Comparative Advantage ◽  
World Economy ◽  
Institutional Factors ◽  
Capital Account ◽  
Public Infrastructure ◽  
Short Term ◽  
Capital Account Liberalization ◽  
The World ◽  
New Structural Economics

The world economy needs a growth-lifting strategy, and infrastructure financing seems to hold the key. Based on the New Structural Economics (Lin, 2010; 2012) we discuss the heterogeneity of capital focusing on the long-term versus short-term orientation (STO). Traditional neoliberalism assumes that capital is homogenous, complete capital account liberalization is “beneficial”.However, previous studies have found evidence of long-term orientation (LTO) in the culture of many Asian economies (Hofstede, 1991). In this exploratory paper, we suggest that the LTO can be considered a special endowment which, under certain circumstances, can be developed into a comparative advantage (CA) in patient capital. If these countries can turn their latent CA into arevealed CA in patient capital, and develop the ability to “package” profitable and non-profitable projects in meaningful ways, they would have a “revealed” competitive advantage in infrastructure financing. The ability to “package” public infrastructure and private services is one of the key institutional factors for success in overseas cooperation.

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.

DEVELOPMENT OF THE RUSSIAN SEGMENT OF THE ARCTIC ZONE AS A REGIONAL MEASUREMENT OF WORLD GEOPOLITICS

2020 ◽  
pp. 73-77
Author(s):  
T.S. Sukhodaeva ◽  
Keyword(s):  
World Economy ◽  
The Arctic ◽  
Russian Arctic ◽  
Competitive Advantages ◽  
Arctic Zone ◽  
Arctic Council ◽  
The World ◽  
Arctic Policy

The article discusses the features of the Arctic zone, its place in the world economy and international relations. The reasons for the intersection of the geopolitical interests of the leading states of the world in this region are revealed. The main directions of scientific and technical cooperation in the development of the Arctic are identified. The role of the Arctic Council in solving the problem of coordinating the interests of various actors in the region is shown. The strategic necessity of the development of the Arctic as a region free of conflicts and rivalry is substantiated. The analysis of the Russian Arctic policy and mechanisms for its implementation. The author substantiates the conclusion that the development of the Russian Arctic zone can become a driving force for the qualitative growth of the national economy, the formation of the country's competitive advantages in the long term, as well as maintaining the global ecological balance and stability.

At a Glance …: The World Economy

2013 ◽  
Vol 225 ◽  
pp. F2-F2
Keyword(s):  
Interest Rates ◽  
World Economy ◽  
Emerging Market ◽  
Significant Rise ◽  
List Type ◽  
Slow Recovery ◽  
Term Trend ◽  
Advanced Economies ◽  
The World

The world economy will grow by 3.1 per cent this year, and by 3.6 per cent in 2014: still below longer-term trend.Growth has slowed in key emerging market economies, particularly China, while it remains relatively weak in most advanced economies.A significant rise in the volatility and level of global long-term interest rates is inconvenient for some countries and may slow recovery.

Managing Director's Statement on Strengthening Surveillance - 2011 Triennial Surveillance Review

Policy Papers ◽  
2011 ◽  
Vol 2011 (87) ◽  
Author(s):  
Keyword(s):  
World Economy ◽  
Recent Progress ◽  
Executive Directors ◽  
Executive Board ◽  
The World ◽  
Near Term

After inputs from country authorities, outside experts, and staff; after extensive deliberations at the Executive Board; after further guidance from ministers and governors at the IMFC meetings—after all that, we need to move from diagnosis to action. The goal of making surveillance as interconnected as the world economy remains an inherently long-term endeavor. Nevertheless, building on recent progress, we can do better even in the near term. I want to take this opportunity to put forward some specific measures, based on Executive Directors’ many thoughtful comments and suggestions (Table 1)

At a Glance … The world economy

2012 ◽  
Vol 222 ◽  
pp. F2-F2
Keyword(s):  
Euro Area ◽  
World Economy ◽  
List Type ◽  
Advanced Economies ◽  
The Us ◽  
The World ◽  
Depression Era ◽  
The Impact ◽  
India And China

World growth is expected to remain below trend at 3.1 per cent in 2012 and 3.4 per cent in 2013.The Euro Area is forecast to contract by 0.5 per cent this year and grow only marginally next year with unemployment reaching ‘depression-era’ rates in some periphery economies. The US is likely to grow by 2 per cent in each year.Growth in Brazil, Russia, India and China will be below long-term potential next year, although ‘hard-landings’ will be avoided; the impact on advanced economies will be offset by a large gain in competitiveness.Debt to GDP ratios in OECD countries will, on average, be higher in 2014 than at present.

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