Features of economic development of entrepreneurship in suburban areas of the region

2020 ◽  
pp. 22-25
Author(s):  
Viktoriya Bondarenko
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
National Economy ◽  
Geographic Area ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
Goods And Services ◽  
Suburban Areas ◽  
The World

The level of economic development of entrepreneurship in any country in the world is crucial in increasing the competitiveness of the national economy in the world market of goods and services. The activities of economic entities are the driving force for the sustainable development of regions and their suburban areas, and they also impact the welfare of population. The article dwells on the analysis of scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. The article analyzes the scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. According to the well-known classics of the fundamental economic theory of entrepreneurship development (A. Smith, D. Ricardo, V. Laungard, A. Loria) the peculiarities of economic development of entrepreneurship in suburban territories of the region are determined by the possibility of distribution of surplus production, minimum production costs per unit of production, availability of labor resources. In modern economic theory (M. Weber, A. Pre, S.M. Kimelberg, E. Williams, C. Vlachou, O. Iakovidou, J. van Dijk, P. Pellenbarg) the development of entrepreneurship in suburban areas of the region can be determined by institutional, innovation, technological, social, ecological and other features of the economy at the regional, state or world levels. The complex and comprehensive generalization of the features of economic development of entrepreneurship in suburban areas is proposed. There are (1) the type of decision taken by an enterprise to carry out business activities in the relevant suburban area of the region, and (2) the influence of internal and external factors on economic activity. The article argues that large enterprises are guided by more objective decision-making reasons, attaching the most importance to the physical and innovative environment. Medium and small enterprises are mainly focused on getting benefits for the entrepreneur in the short-term time period and location in the nearest geographic area. The attention was paid to the tools of ensuring economic development of entrepreneurship in suburban areas of the region, taking into account institutional changes in the national economy and the experience of developed countries of the world.

How Economic Dependency Was Created Through the WTO: A Case Study of South Korea

2017 ◽  
Vol 33 (4) ◽  
pp. 469-487 ◽  
Author(s):  
Ka Yi Fung
Keyword(s):  
South Korea ◽  
Free Trade ◽  
Agricultural Sector ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
The European Union ◽  
Economic Dependency ◽  
The World

Adapting the framework of dependency theory, the article asks how the economic dependency of less developed countries (LDCs) on developed countries (DCs) is created through free trade. This article uses South Korea’s entry into the World Trade Organization (WTO) as a case study to illustrate this economic dependency creation process. Based on second-hand data from existing studies, the European Union, and the WTO, this article finds: (i) due to limited farmland size and high production costs, South Korean agricultural products cannot win a seat in the world market; (ii) the local agricultural sector was destroyed in South Korea because small farmers cannot earn a living by farming; and (iii) since the local agricultural sector cannot support the food demand in South Korea, South Korea now has to import a large amount of food. This article concludes that free trade actually destroys the local agricultural industry and the food security of South Korea, and consequently makes South Korea have to rely heavily on DCs for food import.

scholarly journals Development trends of the current global economy

2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Global Economy ◽  
Industrial Revolution ◽  
Developed Countries ◽  
World Market ◽  
Economic Convergence ◽  
African Countries ◽  
Current Trends ◽  
The World

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.

scholarly journals IMPLEMENTATION OF THE PRINCIPLE OF YELLOW PAGES RULE IN KAZAKHSTAN

2020 ◽  
Vol Vol. 36 (No. 2) ◽  
pp. 9-14
Author(s):  
Albina Yerkin ◽  
Jurgita Martinkiene
Keyword(s):  
Economic Development ◽  
State Intervention ◽  
Developed Countries ◽  
World Market ◽  
Global Scale ◽  
The State ◽  
Business Community ◽  
Goods And Services ◽  
Fair Competition ◽  
Yellow Pages

This article observes processes of implementation and measures taken to realization the principle of Yellow Pages Rule , the application of which will give a motion to the development of the business community in the country. The competitiveness of a country can be defined as the ability of the state in conditions of free fair competition to produce and sell goods and services that meet the requirements of the world market and increase the welfare of the country's population. The functions of the state in a market economy should, to one degree or another, be expressed in the following directions: social security, regulation of the rules of market processes and active participation in business as an investor. As the practice of developed countries shows, for really effective economic development, attention should be paid to a greater extent to solving the first two issues, which in turn is considered in the main 2 parts of this article. Authorities should encourage businesses to improve efficiency, stimulate early demand for advanced products, focus on creating specialized factors and stimulate local competition by limiting direct cooperation and enforcing antimonopoly laws. The development of competitive relations is a background for the effective impact of market mechanisms on ensuring sustainable economic growth in the country. Established state-owned enterprises in many respects have a privileged, monopoly position, and this seriously hinders the socio-economic development of the country. The analysis of the competitiveness of the economy, the strongest and weakest aspects of the development of the economy of Kazakhstan on a global scale over the past two years (2018-2019) is determined using the Global Competitiveness Index, which is also reflected in the form of a table in the article. Currently, there are tasks that require a solution, such as a weak legislative framework that regulates the responsibility of public managers and the effectiveness of financial resources management of development institutions and national companies. State legislation sets only general guidelines for the development of competition. State intervention in the sphere of economic activity of economic entities should be conditioned only by significant circumstances and the solution of the problems arising in this connection. However, the less direct participation of the state in competitive sectors of the economy, where there are no systemic obstacles to the operation of private business, the better for the country.

scholarly journals Brand as a tool of globalization

2020 ◽  
pp. 138-145
Author(s):  
Galina Studinska
Keyword(s):  
Economic Development ◽  
Brand Management ◽  
Mutual Influence ◽  
Developed Countries ◽  
Global Market ◽  
Management Approach ◽  
National Brands ◽  
Goods And Services ◽  
The World ◽  
The Impact

The degree of research into the relationship between the concepts of «globalization» and «branding» has been traced. The correctness of the terminology used by domestic researchers in the concept of branding is analyzed. The list of features that determine the similarity of the analyzed processes is determined. It is substantiated that the impact of branding on economic development is a process that needs to be managed. Branding and globalization have been found to affect the socio-economic development of the country. The object of the research is theoretical and methodological principles of branding in the context of globalization, which expands the horizons of the concept of brand-oriented development of national economy. The subject of research is the nature of the mutual influence of globalization and branding processes. The study of globalization, the conditions and factors contributing to its development, the directions of its impact, and the results of this impact is interdisciplinary and requires a fundamental study. The purpose of this paper is to justify the existence of mutual influence of globalization and branding, to determine its characteristics. To achieve the goal, the following were used methods: system-parametric approach - to scientific knowledge of branding and globalization, which allowed to reveal certain perspectives of these processes; сomparative analysis on globalization and branding, which helped to identify the directions and nature of the counter impact; management approach to the brand management process. The practical implications of the results are the ability to use them to manage branding development in Ukraine, which will have positive consequences for the country's integration into the global economic and civilizational space. Conclusions. The formation of a brand-oriented global economy is an evolutionary process that requires management to increase its effectiveness. The impact of globalization on the development of branding and the promotion of the objects of its transformation is brought about by qualitative changes in the structure of world trade in goods and services, as well as by positive dynamics of the value of national brands, first of all, in the developed countries of the world, whose strategy is obviously brand-oriented. Branding, in turn, dramatically amplifies the scale and effects of globalization, both economic and political, cultural, social processes on the planet, as the development of brands of goods and services implies maximization of advancement in the global market for goods and services provided by technical, technological, the creative, marketing benefits of relevant producers. National brands of countries around the world have an undeniable influence on the process of globalization, contributing to investment in countries, innovations, highly qualified staff and a large number of tourists, which proves to be a brand – an effective tool for globalization. Globalization and branding are mutually influencing, interdependent and reinforcing each other.

scholarly journals Innovation modernization of Ukraine’s economy taking into consideration the EU’s expirience

2019 ◽  
Vol 3 (2) ◽  
pp. 41-54
Author(s):  
Yuliya Orlovska ◽  
Svetlana Morozova
Keyword(s):  
Economic Development ◽  
Foreign Market ◽  
Developed Countries ◽  
World Market ◽  
Technological Basis ◽  
Eu Member States ◽  
Theoretical Substantiation ◽  
Goods And Services ◽  
Innovative Products ◽  
Effective System

Introduction. At the beginning of the 21st century, most Western countries, faced with the need to find ways to grow, began to realize that the post-industrial economy can no longer act as a reliable foundation for economic development. It should be noted that Ukraine's place in world innovation processes does not yet match the potential of the country. Lack of funding for research and development, especially fundamental science, will lead to further outflow of highly skilled scientific personnel, loss of prospects for the growth of national competitiveness on world markets of innovative products and irreversible lagging behind developed countries. Aim and tasks. The aim of the research is to develop the general provisions of the systematic study of the patterns of innovation development of European countries in the context of global transformations and to justify on this basis the directions of innovation modernization of the Ukrainian economy. Results. Three fundamentally different variants of development of economic systems are determined depending on the choice of technological basis of economic growth. The prerequisites for formation of the strategy of innovation modernization of the Ukrainian economy are substantiated, namely: resource support; technological update; institutional support; development of infrastructure and regulatory support; strengthening of business reputation and access to the foreign market; increase of competitiveness of Ukrainian enterprises in the world market of goods and services. The model of innovative modernization of economic development with the account of the experience of the EU member states as a form of private-public partnership with the use of science-intensive technologies (on technological platforms) is offered. Conclusions. According to the results, it is determined that the effective system of innovative modernization of the Ukrainian economy has not yet been formed. The following areas are suggested for the urgent directions of solving this problem: fundamental development and theoretical substantiation of the types of public-private partnership; ensuring transparency of the system of stimulation of domestic innovation projects; formation of a stable information field, which includes a set of data on a number of issues that arise (between private, state and mixed structures), as well as in the process of generating and using financial resources for the purpose of innovative development of the domestic economy.

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

EMPOWERING WOMEN THROUGH ENTREPRENEURSHIP: ASPECTS AND APPROACHES

2014 ◽  
Vol 6 (01) ◽  
Author(s):  
JAVED ALAM SHEIKH
Keyword(s):  
Economic Development ◽  
Developed Countries ◽  
Substantial Contribution ◽  
Economic Empowerment ◽  
World Population ◽  
Least Developed Countries ◽  
The Road ◽  
Road Map ◽  
The World ◽  
The Status

Almost 50 per cent of the world population is constituted by the women and they have been making substantial contribution to socio-economic development. But, unfortunately their tremendous contribution remains unrecognized and unnoticed in most of the developing and least developed countries causing the problem of poverty among them. Empowering women has become the key element in the development of an economy. With women moving forward, the family moves, the village moves and the nation moves. Hence, improving the status of women by way of their economic empowerment is highly called for. Entrepreneurship is a key tool for the economic empowerment of women around the world for alleviating poverty. Entrepreneurship is now widely recognized as a tool of economic development in India also. In this paper I have tried to discuss the reasons and role of Women Entrepreneurship with the help of Push and Pull factors. In the last I have also discussed the problems and the road map of Women Entrepreneurs development in India.

Do Development and Democracy Positively Affect Gender Equality in Cabinets?

2015 ◽  
Vol 16 (3) ◽  
pp. 332-356 ◽  
Author(s):  
JOHN HÖGSTRÖM
Keyword(s):  
Economic Development ◽  
Gender Equality ◽  
Empirical Evidence ◽  
Comparative Studies ◽  
Developed Countries ◽  
Political Regimes ◽  
The World ◽  
Different Types ◽  
Negative Effect ◽  
Positive Effect

AbstractIt has been argued that economic development and democracy create new opportunities and resources for women to access political power, which should increase gender equality in politics. However, empirical evidence from previous research that supports this argument is mixed. The contribution of this study is to expand the research on gender equality in politics through an in-depth examination of the effect of development and democracy on gender equality in cabinets. This has been completed through separate analyses that include most of the countries in the world across three levels of development (least-developed, developing, and developed) and across different types of political regimes (democracies, royal dictatorships, military dictatorships, and civilian dictatorships). The results demonstrate that economic development and democracy only affect gender equality in cabinets positively in a few environments. Accordingly, the context is important and there seem to be thresholds before development and democracy have any effect. Development has a positive effect in developed countries and in democracies, but it has a negative effect in dictatorships, and the negative effect is strongest in military dictatorships. The level of democracy has a positive effect mainly in dictatorships, and the strongest effect is in civilian dictatorships. The article demonstrates the importance of dividing samples into subsets to increase understanding of what affects women's representation in cabinets in different environments, and I ask scholars to subset samples and run separate analyses more often in comparative studies.

scholarly journals Using fuzzy logic for evaluating the level of countries’ (regions’) economic development

2012 ◽  
Vol 59 (3) ◽  
pp. 293-310 ◽  
Author(s):  
Gordan Stojic
Keyword(s):  
Mathematical Model ◽  
Economic Development ◽  
Fuzzy Logic ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Industrial Growth ◽  
The Poor ◽  
The World ◽  
Level Of Economic Development ◽  
Per Capita

There are several divisions of countries and regions in the world. Besides geo-political divisions, there also are economic divisions. The most common economic division is the that on developed countries and the poor ones. These divisions are a consequence of the level of: GDP, GDP per capita, unemployment rate, industrial growth, and so on. The question is how to define a mathematical model based on which the following will be assessed: who is rich and who is poor, or who is economically developed and who is not? How the boundaries of transition from one category to another can be defined? This paper presents a model for evaluating the level of economic development of countries and regions using "fuzzy" logic. The model was tested on a sample of 19 EU member countries and aspirants for membership.

scholarly journals Directionality of Education – Balanced Education and Integration of Educational Systems in the National Economy

Equilibrium ◽  
2013 ◽  
Vol 8 (2) ◽  
pp. 101-113
Author(s):  
Wiktor Morohin ◽  
Aleksandrs Rubanovskis
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
Driving Force ◽  
Developed Countries ◽  
Educational Systems ◽  
High Quality ◽  
National Economic ◽  
The World ◽  
National Economic Development

The quality of the workforce is a precondition for economic growth of a society. One of the main indicators of these preconditions is education. The effectiveness of economies of developed countries is based on the high quality of knowledge. As a resutl the quality and balanced education determines the rating of a state in the world and serves as a driving force of national economic development. The aim of the article is to identify opportunities that will allow integrating the balanced education in the educational systems of the national economy.

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