scholarly journals CURRENT TRENDS IN ENSURING THE COMPETITIVENESS OF COUNTRIES IN THE GLOBAL ECONOMY

2020 ◽  
pp. 55-63
Author(s):  
Tetiana Marchenko ◽  
Vitalii Okhota
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
National Interests ◽  
National Importance ◽  
Theoretical Approaches ◽  
Modern Development ◽  
The World ◽  
Economy Globalization ◽  
National Economies

Introduction. Modern development of the world economy and especially the processes of globalization of the world economy, increasing the interdependence of economies, the formation of global commodity and financial markets have led to increased interest in the problem of increasing the competitiveness of countries involved in these processes. Issues of competitiveness at the level of the economy in the degree of urgency are among the issues of national importance, as they are closely linked to the achievement of dynamic economic development of the country and improving the living standards of its population. Methods. The theoretical and methodological basis of the study is the fundamental provisions of economics, the work of domestic and foreign economists to study the competitiveness of countries in the global economy. Materials of publications in periodicals, monographs on the researched problem are used in the article. Results. The main theoretical approaches to determining the competitiveness of countries in the global economy are considered in the article. The main functions of the state in strengthening the position of competitiveness of countries in the context of strengthening globalization are highlighted. Ukraine's positioning in the ranking of countries by the level of globalization is made and proposals are made to increase its competitiveness in the global economy. Discussion. The analysis of the positions of competitiveness of countries in the global economy provides an opportunity to deepen the theoretical and methodological foundations and development of practical recommendations for improving the competitiveness of Ukraine, which forms the prospects for further scientific research. Key words: competitiveness of countries, global economy, globalization, national economies, national interests, internationalization, economic development.

scholarly journals STRATEGIC PRIORITIES OF SOCIO-ECONOMIC DEVELOPMENT UKRAINE IN THE CONTEXT OF GLOBAL CHALLENGES

2020 ◽  
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Current Model ◽  
Theoretical Approaches ◽  
The World ◽  
International Economic Cooperation ◽  
The Face ◽  
Economic Stabilization ◽  
National Economies ◽  
The Impact

Globalized challenges of the world economy have created an objective need for Ukraine to develop in the face of the country’s lack of preparedness for global competition and integration. The development of the economy of Ukraine in the context of globalization is taking place in a context of incomplete systemic socioeconomic and political transformation and poses problems related to the optimal integration of the economy of the country into the global economy. At the same time, the impact of globalization processes calls for new theoretical approaches to justify the structural transformation of a country’s economic development model. The directions of globalization for national economies are quite complex and contradictory. Globalization is deepening specialization and cooperation globally and the international division of labor. International competition stimulates the development of innovative processes and state-of-the-art technologies through technology transfer among countries of the world. The current model of development in Ukraine is characterized by significant deformations of the economy: fragmentation of technological space, excessive social differentiation, increased poverty, unemployment and a reduction in the population, The Russian Federation is a country with many countries, which have been affected by human-made environmental degradation and overload, the shrinking of the domestic market and the national economy, the rise of the shadow economy, the rise of corruption, etc. All this points to a structural imbalance in the Ukrainian economy. The further intensification of globalization processes will exacerbate the problem of national identity, The solution of which many countries see the strengthening of State influence on international economic cooperation through the introduction of protectionist measures in the areas of trade, migration and investment, that in turn will contribute to the strengthening of geo-economic and geopolitical tensions in the world. In this context, there is a need to establish new principles for world economic stabilization and development.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

scholarly journals FORMATION OF THE PARADIGM OF FINANCIAL MANAGEMENT UNDER THE IMPACT OF THE ECONOMIC DEVELOPMENT MEGATRENDS

2018 ◽  
pp. 104-112
Author(s):  
Olena Serhiivna Bondarenko ◽  
Ludmila Serhiivna Seliverstov
Keyword(s):  
Economic Development ◽  
Financial Management ◽  
World Economy ◽  
Functional Dependence ◽  
Dynamic Balance ◽  
Theoretical Approaches ◽  
The World ◽  
Financial Flow ◽  
The Cost ◽  
The Impact

Urgency of the research. Modern socio-economic transformations, determined by the influence of the megatrends of economic development, are characterized by the prevalence of logistic systems, which are an integral part of the world economy and at the same time the driving force of activating all sectors for integration into the world economy. Target setting. The formation of the efficient applied financial management mechanisms is determined by the perfection of theoretical approaches, which must be in line with modern highly dynamic changes and adapted to the megatrends of economic development. Actual scientific researches and issues analysis. In Ukraine the certain issues of logistisation are devoted to the works of such scientists as M. Grigorak, O. Zborovska, S. Smerichevska, V. Omelchenko, L. Frolova, M. Chubanov. Uninvestigated parts of general matters defining. Nowadays, the issues of financial management remain unresolved regarding to the development of a methodology oriented to take into account the influence of the megatrends of economic development, which determine the dynamic balance of economic systems, determine the need for integration of the directions of economic theories into new conceptual approaches to the financial management. The research objective. The purpose of the study is to establish a functional relationship between the value of logistical chains and the cost of the company, as well as substantiation of the current provisions of the financial management paradigm taking into account the global megatrends. The statement of basic materials. Based on the application of scientific methods of analysis and synthesis, the objective conditions for the development of financial management are substantiated and an approach to its modern paradigm is formulated. The necessity of extrapolating the additional megatrends (globalization, financialization, informatization, intellectualization, socialization) to additional logistisation is established and the expediency of formulating a new level of generalizations and unorthodox scientific approaches is substantiated. Сonclusions. The functional dependence between the value of logistical chains and the cost of the company is established, which reveals the applied nature of creating the value of logistical chains by maximizing the net financial flow in operational and increasing the value of companies in strategic periods.

scholarly journals Informatization of global economic development and place of Ukraine in the information environment

2019 ◽  
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Global Economy ◽  
World Economy ◽  
Communication Technologies ◽  
Global Market ◽  
Development Index ◽  
The World ◽  
Information And Communication ◽  
The Impact

This publication studies the impact of information and communication technologies on the global economy; using the main Indices (Network Readiness Index, Global Innovation Index, E-Government Development Index, E-Participation Index and ICT Development Index) the authors analyzed at a on information society development. Information and communication technologies are an integral part of the global economy; the decisive factor of the country's economic development is the level of ICT use in various areas of public life. The fact of the transition from the “old industrial order” to the “new economy”, which affects the processes of production, processing and transmission of information, transforming the economy, politics and culture in the modern world, becomes obvious. The rapid development and spread of new ICT technologies acquire the nature of the global information revolution. This leads to an irreversible transformation into a new post-industrial type of society. The main idea of this research is relevant within the scientific and practical terms. The subject of the research is the informatization of global economic development. The purpose of the research is to study informatization processes and to analyze ICT as a resource of the modern development of the world economy. The object of the study is the dynamics of the informatization process development and the detailed analysis of the impact of ICT on the world economy. The scientific methods are a system analysis, a factor analysis and a graphical method. The study reveals new components of the world economy and countries’ positions on the global market. The authors conclude that due to the development of ICT, almost all areas of the economy, which have an impact on the development of states and people's welfare, are getting intensified.

THE WORLD ECONOMY IN THE XXI CENTURY: PROBLEMS OF THEORY AND PRACTICE

2021 ◽  
Vol 1 (10) ◽  
pp. 4-10
Author(s):  
Andrey V. Savinsky ◽  
Keyword(s):  
Economic Development ◽  
World Economy ◽  
The United States ◽  
Theory And Practice ◽  
Theoretical Approaches ◽  
Urgent Task ◽  
The World ◽  
Socio Economic Development ◽  
Trade Turnover ◽  
Modern Economic

The article substantiates the theses: firstly, the world economy in all its aspects, including GDP production, world trade turnover, monetary and financial sphere, has been in a fairly stable and global crisis for the last 20 years; secondly, one of the main reasons for all this is the crisis of modern economic theory. According to the author, the conceptual foundations of socio-economic development, which remain the basis of modern economic practice, do not correspond to the latter not only at the global level, but even at the level of the United States and other Western countries. In this regard, according to the author, the urgent task of our time is the development of new theoretical approaches to socio-economic development, and on a country-by-country basis.

scholarly journals Character of the present financial crisis in USA and its possible global consequences

2008 ◽  
Vol 60 (4) ◽  
pp. 431-455
Author(s):  
Zaklina Petrac-Stepanovic
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
World Economy ◽  
Financial System ◽  
Real Estate Market ◽  
Current Crisis ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
National Economies

The US economy is facing the first big financial crisis in the 21st century. The author points out that the current crisis is much different from the previous ones by its characteristics, causes, consequences it produces on the world economy and international financial system in particular. The problems that were noticeable in the US loan market in the second half of 2007, which have escalated into a crisis of the financial system in 2008 creating instability in the world financial markets, were mostly caused by the losses on the American real estate market. For the fact that the highly integrated world economy has enabled rapidly and easily transmission the effects of real and monetary trends, reducing, on the other hand, the countries' prospects to protect their economies and populations from their effects it is evident that the way the US manages its financial system has the exceptional significance beyond USA, too. As the increasing number of countries is facing with direct or indirect effects of the current crisis it is in the interest of all those that undertaking actions to stop further negative repercussions on their national economies and ensure global economy growth. .

scholarly journals “The World Economy of Coronavirus”: Search for Optimal Ways to Overcome the Consequences of the Crisis

2020 ◽  
Vol 13 (3) ◽  
pp. 243-266 ◽  
Author(s):  
E. N. Smirnov
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
Negative Impact ◽  
Methodological Approach ◽  
Supply And Demand ◽  
Economic Regulation ◽  
Negative Effects ◽  
Investment Policies ◽  
The World

The current pandemic of COVID-19 has already become a test of strength for world economy and institutions of global economic regulation. The main goal of the article is to review existing research on the economy of pandemics focusing on COVID-19, and to develop a conceptual framework for further assessment of negative impact of COVID-19 on the economies of the world and ways to minimize this impact on economic development. The author’s methodological approach goes beyond the traditional interpretation of the pandemic economy; we use the term “coronavirus global economy” to show the unprecedented and comprehensive impact of a pandemic on the development of the world economy, the movement of factors of production, economic integration and economic growth. Under these conditions, many theories of economic development, the mechanisms of trade and investment policies need to be seriously reevaluated. The review shows that the increasing negative impact of COVID-19 on the global economy lies in the fact that it has not managed to recover from the global crisis of 2008 and was in a "pre-recession" state; the preparedness of countries to counter the pandemic was extremely low, and the institutions of international cooperation were paralyzed failing to develop measures to effectively protect against the current consequences of COVID-19. The review of the literature demonstrates the uniqueness of the current pandemic in terms of negative effects on both the supply and demand side of the global financial system, which is especially aggravated by the high debt burden of many countries. Globalization is considered to be the main determinant of the high spread of the coronavirus pandemic in both the medical and economic contexts, but at the same time, states remain fragmented and protectionist in terms of combating the pandemic.

scholarly journals Multilateral Development Banks in the World Economy: Business Specifics and Prospects for Cooperation with Russia

2019 ◽  
Vol 12 (1) ◽  
pp. 98-109
Author(s):  
V. V. Antropov
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Development Bank ◽  
National Interests ◽  
Multilateral Development Banks ◽  
Current State ◽  
The World ◽  
African Development Bank ◽  
Development Banks ◽  
Cooperation System

The subject of the researchis the functioning of multilateral development banks in the world economy and prospects for their cooperation with Russia.The relevanceof the problem is due, firstly, to the need to make a revision of the Russian policy of cooperation with international financial organizations so as to use their practices in programs of socioeconomic transformations and expand the country’s presence in the global economy, and, secondly, to the availability of huge resources accumulated by the largest multilateral banks with prospects of their use for the domestic economy modernization.The purpose of the researchwas to consider the business specifics and prospects of cooperation of multilateral development banks with Russia with a focus on investment activities carried out by the World Bank divisions and three multilateral development banks — the African Development Bank, the Asian Development Bank and the Inter-American Development Bank — that are analyzed in terms of their functions at the regional level and in the world economy. The paper gives an assessment of the current state of Russia’s cooperation with multilateral development banks and examines its prospects.It is concludedthatRussia needs to develop an understanding of its own position with regard to the activities of the above organizations and build a cooperation system that would contribute to the realization of its national interests and be in line with the country’s economic development policies.

scholarly journals Correlation Between the Level of Socio-economic Development and the Use of the Information and Communication Technologies

2013 ◽  
Vol 22 ◽  
pp. 93-103
Author(s):  
Irina A. Rodionova ◽  
Uliana V. Mizerovskaya
Keyword(s):  
Economic Development ◽  
Information And Communication Technologies ◽  
Global Economy ◽  
World Economy ◽  
Science And Technology ◽  
Communication Technologies ◽  
The World ◽  
Socio Economic Development ◽  
Information And Communication ◽  
Structural Shifts

During recent decades, the rate of structural shifts in the world economy has been especially fast. One of the factors used to influence these processes was to actively develop hi-tech industries and information and communication technologies. With the course of time, the level of informatization of society becomes a defining factor for a country’s competitiveness and predefines its ability to integrate into the global economy. The article characterizes the readiness of different countries to make a move to an innovative way of development based on analysis of combined rating tables that contain integral indices of society’s informatization level. The level of accomplishment of the task to form an innovative type of economy can be assessed in the link between implementation of science and technology progress achievements (i.e.: through the use of information and communication technologies) and the level of socio-economic development of the world countries. Current positions held by Russia and Poland according to some integral indices are also being analyzed.          

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