scholarly journals ECONOMIC SCIENCE CRISIS AS A REFLECTION OF THE WORLD ECONOMIC CRISIS. AKNOWLEDGMENT AND APPROACHES

2018 ◽  
pp. 97-104
Author(s):  
MEDEA SHAPATAVA
Keyword(s):  
Economic Theory ◽  
Global Economy ◽  
Extreme Points ◽  
Economic Science ◽  
Investment Bank ◽  
Contemporary World ◽  
Mortgage Crisis ◽  
The World ◽  
World Economic ◽  
Pros And Cons

Contemporary world admits and analyses the destroying results and consequences of the largest-ever bankruptsy of the Lehman Brothers Investment bank which lead to the mortgage crisis and turned into the global one. The recession continues up to present, i.e. almost for ten years. Leading economists forecast the further negative issues and confess that the economic figures would never go back to the ones we had back ten years ago. The extreme points of consideration the recession and the crisis issues are in contradiction with the economic theory which predicts further recession though may never provide consistent and exact figures and dates. The reflection of the crisis onto the economic theory and science may provide further materials for discussions and arguments against existence of the crisis, as the global economy development never interrupted. Moreover, the world faced the birth of an absolutely new and enigmatic product on the market – cryptocurrency. The question is: would the cryptocurrency bring the relief in terms of recession or would it lead to a new default of the market? The economic science estimates the pros and cons of the existing risks and market threats and hopefully will play its substantial role in eliminating them.

The World Economy through the Lens of the United Nations

2018 ◽  
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Global Economy ◽  
World Economy ◽  
Social Conditions ◽  
Policy Recommendations ◽  
The Past ◽  
The World ◽  
World Economic ◽  
The United Nations

This volume documents the intellectual influence of the United Nations through its flagship publication, the World Economic and Social Survey (WESS) on its seventieth anniversary. Prepared at the Department of Economic and Social Affairs (DESA) and first published in 1948 as the World Economic Report (subsequently renamed the WESS), it is the oldest continuous post-World War II publication of this kind, recording and analysing the performance of the global economy and social development trends, and offering relevant policy recommendations. This volume highlights how well WESS has tracked global economic and social conditions, and how its analyses have influenced and have been influenced by the prevailing discourse over the past seven decades. The volume critically reflects on its policy recommendations and their influence on actual policymaking and the shaping of the world economy. Although world economic and social conditions have changed significantly over the past seven decades and so have the policy recommendations of the Survey, some of its earlier recommendations remain relevant today; recommendations in WESS provided seven decades ago seem remarkably pertinent as the world currently struggles to regain high levels of employment and economic activity. Thus, in many ways, WESS was ahead of the curve on many substantive issues. Publication of this volume will enhance the interest of the wider community of policymakers, academics, development practitioners, and members of civil society in the analytical work of the UN in general and UN-DESA in particular.

scholarly journals Insourcing as a New Trend in Global Business

2013 ◽  
Vol 5 (2) ◽  
pp. 7-24
Author(s):  
Jadwiga Chudzicka
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Business ◽  
Traditional Management ◽  
The World ◽  
Current Economic Situation ◽  
The Face ◽  
World Economic ◽  
Job Category ◽  
World Economic Crisis

AbstractIn the face of world economic crisis, it is worth considering ‘what changes in thinking are needed to revive the global economy?’ Traditional management methods have already lost much of their potential. Keeping the compliance of job category with human nature is an important factor supported by insourcing. The purpose of this study was to answer the question whether the current economic situation in the world is more profitable to firms sending domestic jobs overseas, or perhaps - in the end - it is better to use insourcing services, providing employment to workers in their home countries

scholarly journals CONTAMPORARY GLOBAL DEVELOPMENT’S FACTORS

2019 ◽  
pp. 7-14
Author(s):  
Irina Afanasyeva
Keyword(s):  
World Order ◽  
Subject Area ◽  
Global Development ◽  
Foreign Economic Policy ◽  
Economic Relations ◽  
Contemporary World ◽  
The World ◽  
World Economic ◽  
The Subject ◽  
Global World

At the turn of the third Millennium, significant changes have affected the global world. The contemporary world economy, the world order, international organizational and economic relations are all involved in the intensive process of global development. There is no country in the world that is able to form and implement foreign economic policy without taking into account the behavior of other participants within the world economic system. Scientific and practical analysis of the subject area of the existing research has predetermined the key objective of this article – to determine the factors of contemporary global development.

GLOBAL TRENDS AND CHALLENGES WORLD ECONOMY

2021 ◽  
Vol 3 (9) ◽  
pp. 112-117
Author(s):  
L. V. AGARKOVA ◽  
◽  
T. G. GURNOVICH ◽  
M. G. RUSETSKY ◽  
I. M. PODKOLZINA ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
International Community ◽  
World Economic Forum ◽  
Global Trends ◽  
The World ◽  
World Economic ◽  
Financial Consequences ◽  
Definition Of ◽  
Statistical Indicators

This article examines the main global threats of 2021 presented at the World Economic Forum, namely, the economic risks that are most likely to affect the international community in the current year. The article also analyzed the financial consequences of the COVID-19 pandemic, which undoubtedly made ad-justments to the definition of the main global threats of our time. In addition, the risks were considered in relation to the current statistical indicators of the Russian and global economy.

scholarly journals The Great Depression analogy

2010 ◽  
Vol 17 (2) ◽  
pp. 127-140 ◽  
Author(s):  
Michael Bordo ◽  
Harold James
Keyword(s):  
Economic Theory ◽  
Great Depression ◽  
Rapid Decline ◽  
Human History ◽  
Industrial Activity ◽  
The Great Depression ◽  
The World ◽  
Bank Of England ◽  
World Economic ◽  
Economic Outlook

In the discussion of our contemporary economic disease, the Great Depression analogy refuses to go away. Almost every policy-maker referred to conditions that had ‘not been seen since the Great Depression’, even before the failure of Lehman. Some even went further – the Deputy Governor of the Bank of England notably called the crisis the worst ‘financial crisis in human history’. In its April 2009 World Economic Outlook, the IMF looked explicitly at the analogy not only in the collapse of financial confidence, but also in the rapid decline of trade and industrial activity across the world. In general, history rather than economic theory seems to offer a guide in interpreting wildly surprising and inherently unpredictable events. Some observers, notably Paul Krugman, have concluded that a Dark Age of macroeconomics has set in.

scholarly journals Populism versus IMF Conditionalities: Demand Management Policies in Present Regime of Globalization

2018 ◽  
Vol 04 (S1) ◽  
pp. 1
Author(s):  
Ayub Mehar ◽  
Keyword(s):  
Soviet Union ◽  
Free Trade ◽  
Global Economy ◽  
Demand Management ◽  
Governance Structure ◽  
Three Dimensions ◽  
Contemporary World ◽  
The World ◽  
Classical Economic ◽  
The Imf

The end of a bipolar regime after the collapse of the Soviet Union diverted the world economies to globalization regime, where economic freedom and liberalization were adopted as most powerful and popular philosophies of the economic welfare and development. The origination of a free trade regime, decentralization in public finance, and revival of the classical school of thought in economic policies are the natural outcomes of the global failure of centrally controlled economic planning experiences. Autonomy of the central banks, market-oriented exchange rates, convertibility of the currencies, privatization, deregulation, and free trade are the banners of classical economic thoughts in the present regime. Meanwhile, the International Monetary Fund (IMF) came into force when the world was divided into left and right arms. The IMF conditionality and recommended measures are still based on demand management mechanism where most of the advices belong to exchange rate mechanism (devaluation), increase in interest rate, increase in tax revenue, reduction in subsidies, transfer payments, so on. The core objective of this study is to review the IMF policies and practices in the contemporary world where supply-side policies and classical theories are regaining their importance in post-Soviet regime. Before any recommendation and contemplating the role of the IMF in the contemporary world, it will be appropriate to review and analyze the current practices of the IMF by three dimensions: History and cause of the creation of the IMF, its governance and financial structure, and its role in global economy and lending activities. The study suggests the change in the IMF governance structure and the coordination between World Trade Organization (WTO), World Economic Forum (WEF), and IMF policies.

scholarly journals Rethinking Pakistan’s Development Strategy

2008 ◽  
Vol 13 (Special Edition) ◽  
pp. 47-62
Author(s):  
Naved Hamid
Keyword(s):  
Development Strategy ◽  
Global Economy ◽  
Final Section ◽  
Development Strategies ◽  
Current Situation ◽  
Economic Environment ◽  
Alternative Development ◽  
The Third ◽  
The World ◽  
World Economic

The objective of this paper is to set out the key components of a development strategy for Pakistan. A fundamental premise of our analysis is that the world economic environment is changing dramatically and a development strategy today must position itself to take advantage of the changes taking place. The paper is divided into five sections: First, we provide a brief review of Pakistan’s experience with development strategies so far. Next, we discuss the changes that have occurred, or are taking place in the global economy, which have strategic relevance for Pakistan. In the third section we look at the current situation in Pakistan with regard to the potential drivers of growth, based on the earlier discussion of the global developments. In the final section key elements of an alternative development strategy for Pakistan are outlined.

scholarly journals How Does the Global Economy Crisis Influence in Managing Investment in Indonesia

The Winners ◽  
2012 ◽  
Vol 13 (2) ◽  
pp. 147
Author(s):  
Enggal Sriwardiningsih
Keyword(s):  
Developing Countries ◽  
Emerging Markets ◽  
Global Economy ◽  
Developed Countries ◽  
Subprime Mortgage ◽  
Poor Countries ◽  
Mortgage Crisis ◽  
The World ◽  
Liquidity Crisis ◽  
Growing Economy

July 2007 is the beginning of the world’s subprime mortgage crisis. Since then, the world’s liquidity crisis occurred and never found any solution until now. The liquidity crisis began to spread from developed countries to poor countries, developing countries and emerging markets with two channels. This contagious crisis made growing economy and emerging economy fell. No country in the world survived, including Indonesia. This paper discussed the management of investments in Indonesia. It started from the spread of global crisis to Indonesia and its impact on investment in Indonesia. Then, we discussed the government's efforts to encourage investment. The last was the view of the investment for the next three years (2010-2014)

scholarly journals Public Policies in Favelas and the Production of Urban Inequalities in Rio De Janeiro

2020 ◽  
pp. 11-19
Author(s):  
Neiva Vieira Da Cunha
Keyword(s):  
Social Order ◽  
Social Vulnerability ◽  
Social Life ◽  
Global Economy ◽  
Contemporary World ◽  
The Past ◽  
The World ◽  
Political Choices ◽  
Harmful Effects ◽  
New Inequalities

In the past three decades, we have witnessed the worldwide development of new economic dynamics that have intensified the most perverse and harmful effects of globalization processes. The global economy has increasingly produced intense social vulnerability and has driven a large number of people out of the center of the economic and social order (Sassen, 2016). This economic model responds to a logic of financialization of all domains of social life, imposed by different political choices and decisions that result in the degradation of working conditions and the increase of precariousness and insecurity throughout the world (Harvey, 1985). These consequences are not new and have already been described and analyzed by authors such as Serge Paugam (1991), Robert Castel (1995), and Didier Fassin (1996), among others. However, as Saskia Sassen (2016) points out, in a broader sense, this logic of financialization and production of new inequalities underway in the contemporary world can be seen as a more profound systemic underlying tendency that articulates realities that unite us. They often seem disconnected, and their modes of action, which can be characterized by their complexity, may include different dynamics and even coexist with economic growth.

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