scholarly journals ВЛИЯНИЕ КЛИМАТА ГЛОБАЛЬНОЙ ПОЛИТИКИ НА СОКРАЩЕНИЕ МИРОВЫХ ИНВЕСТИЦИЙ

2019 ◽  
Author(s):  
L. Rozanova
Keyword(s):  
Industrial Policy ◽  
Political Climate ◽  
Investment Activity ◽  
New Directions ◽  
The World ◽  
The Impact

В статье исследуется влияние глобального политического климата на инвестиционную активность в мире, рассматриваются возможности реализации новых направлений промышленной политики России. The article explores the impact of the global political climate on investment activity in the world, explores the possibility of implementing new directions of Russias industrial policy.

scholarly journals The global economy and vegetable growing in Russia in the context of the COVID-19 pandemic (results of 2020 and prospects for recovery

2021 ◽  
pp. 5-14
Author(s):  
V. F. Pivovarov ◽  
R. A. Meshcheryakova ◽  
T. N. Surikhina ◽  
O. A. Razin ◽  
A. A. Tareeva
Keyword(s):  
Russian Federation ◽  
Global Economy ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Industrial Complex ◽  
Investment Activity ◽  
Access To Credit ◽  
The World ◽  
The Russian Federation ◽  
The Impact

The article examines the results of the impact of the COVID-19 pandemic on the global economy and the economy of the Russian Federation at the end of 2020. The quarantine measures introduced by the countries continue to negatively affect the economic situation in the world and the economies of individual countries. There is an acute shortage of seasonal workers in the agricultural sector of the countries of the world. The introduction of restrictions on the export of goods reduced the volume of imports. In Russia, the growth rate of imports from non-CIS countries has decreased. In January 2021, compared to January 2020, imports for food products and raw materials for their production decreased by 4.2%, and for vegetables – by 11.5%. According to the Federal Customs Service, the export of vegetables increased 3 times in terms of physical volumes and only 11% in terms of value. The growth in the physical volumes of export of products of the agro-industrial complex of the Russian Federation did not lead to a corresponding increase in revenue. The prices for vegetables imported into the country were 2.5-3.4 times higher than the prices for exported ones. Despite some difficulties, losses in this area due to the pandemic were minimal. The gross harvest of vegetables in the country as a whole amounted to 13.8 million tons, which is 1.7% below the level of 2019. At the same time, the gross harvest of vegetables in open ground decreased by 3.1%, vegetables in protected ground increased by 6.6%. Difficulties encountered in implementation. During the crisis period due to the COVID-19 pandemic, the demand for vegetables fell by 30%. Consumers, in an effort to improve their immunity, began to buy more environmentally friendly and healthy products, including vegetables. The demand for organic products has grown by 15-20%. To accelerate the economic recovery, it was necessary to take additional measures on the part of states to support producers and consumers, restore purchasing power and help businesses, expand access to credit resources, stimulate investment activity, and reduce the tax burden on businesses and the population. In Russia, financial support for the main measures of state policy in the field of the agro-industrial complex is carried out within the framework of the implementation of the State Program for the Development of Agriculture and the regulation of markets for agricultural products, raw materials and food.

scholarly journals The New Empirics of Industrial Policy

2021 ◽  
Author(s):  
Nathaniel Lane
Keyword(s):  
Research Design ◽  
Industrial Policy ◽  
Policy Evaluation ◽  
Empirical Work ◽  
Empirical Literature ◽  
Industrial Policies ◽  
The World ◽  
The Impact

Nations have and will continue to shape their economies through industrial policy. Nevertheless, the empirical literature on these interventions is thin, dwarfed by the attention industrial policies receive from policymakers across the world. In this paper, I discuss the difficulties of empirically studying industrial policy and review how new econometric work is confronting these issues. Through careful research design and attention to institutional detail, I argue that emergent studies are rapidly expanding what we know—and updating what we thought we knew—about these policies. As well, I argue tools from policy evaluation allow us to study the impact of endogenous industrial interventions. This review is a proposal to take industrial policy, along with their complexities, more seriously as objects of inquiry. Doing so requires not only more serious evaluations of past policy but also a reevaluation of past empirical work and consensus.

scholarly journals Impact of the Covid-19 Pandemic on Entrepreneurial Capacity and Financial Security in Ukraine

2021 ◽  
Vol 126 ◽  
pp. 08002
Author(s):  
Yana Derbenova ◽  
Ganna Kashyna ◽  
Serhii Leontovych ◽  
Olena Ablova ◽  
Oksana Dmitrieva ◽  
...  
Keyword(s):  
Financial Stability ◽  
System Analysis ◽  
Negative Impact ◽  
Business Activity ◽  
Financial Security ◽  
Economic Activities ◽  
Investment Activity ◽  
The World ◽  
Business Entities ◽  
The Impact

The article analyzes the impact of the COVID-19 pandemic on business activities in Ukraine and the world and its financial security. The analysis showed that the economy of Ukraine and most countries of the world suffered significant losses from the introduction of anti-epidemic restrictions on business activity, which turned out to be in the fall of GDP, index of industrial production investment activity. Because of temporary or complete shutdown of business the unemployment rate increased significantly. The pandemic crisis also negatively impacted the financial results of enterprises, which decreased significantly in all kinds of economic activities, especially in industry, transport, temporary accommodation and catering, where the share of unprofitable enterprises reaches 73%. Thus, the problem of ensuring the financial security of business becomes relevant. The aim of the work is to develop methodological approaches to assessing the impact of the pandemic crisis on the financial security of business and to identify effective ways of ensuring such security. In the process of research methods of scientific abstraction, comparative and system analysis and synthesis, systematization and logical generalization were used. It was determined that the pandemic affected small and medium businesses most of all, where a strong negative impact was experienced by more than 60% of entrepreneurs. Large businesses were less affected, but they also suffered significant losses due to the decline in business activity and demand in the domestic and foreign markets. Agriculture was least affected by the pandemic, which suffered the least losses, primarily due to the insignificant impact of restrictions affecting the activities of this business. The paper systematized the risks arising from the factors of the pandemic crisis, identifying their manifestations and financial implications for business. As shown by the research, such consequences are manifested in the form of full or partial loss of profits, problems with debt repayment, reduction of financial stability, liquidity, increase in accounts receivable, increased costs for anti-epidemic measures, etc. Thus, the procedure for assessing the business’s financial security is to take into account all factors that shape the financial situation of business entities during a pandemic crisis in a comprehensive manner.

scholarly journals Research on investment process dynamics taking into consideration stochasticity of world and national economies’ crisis phenomena

2020 ◽  
pp. 140-146
Author(s):  
L. M Buiak ◽  
N Harmatii ◽  
I Fedyshyn
Keyword(s):  
Foreign Direct Investment ◽  
Markov Chains ◽  
Direct Investment ◽  
The State ◽  
Government Support ◽  
Domestic Investment ◽  
Investment Activity ◽  
The World ◽  
National Economies ◽  
The Impact

Purpose. To analyze the flows of foreign direct investment (FDI) in Ukraine, countries of the OECD, the G-20, the EU, and the World, as well as the impact of the coronavirus COVID-19 pandemic on investment activity in the World; to identify problems and threats for investment activity in modern conditions, to identify relationship between FDI in Ukraine, the level of exports and imports of goods and services in Ukraine, to forecast these indicators. Methodology. In the process of research, general logical methods and research techniques were applied: analysis, synthesis, generalization, analogy, modeling, probabilistic (statistical) methods. The materials of the official analytical reports of the OECD, the European Commission, and the State Statistics Service of Ukraine were used to achieve the tasks of the investigation. The statistical data for the period 20112019 was analyzed. Forecast of foreign direct investment in Ukraine for the period 20202023 was implemented using the theory of Markov chains. Findings. The study indicates a significant decline in investment activity since the beginning of 2020 due to the coronavirus COVID-19 pandemic. Almost all economies in the world witnessed the impact of the crisis. There was a drop in investment activity in Ukraine output flows tended to decrease during 20092019. Taking into account the stochasticity of the processes taking place in the world economy, on the basis of the theory of Markov chains, forecasting of FDI in Ukraine was carried out. The modeling showed that in 2023 the situation with FDI in Ukraine would stabilize. Taking into account the predicted scenarios, the authors suggested that enterprises must focus on domestic investment and government support to overcome the crisis in the economy caused by the situation with COVID-19. Originality. The scientific novelty is in the use of the theory of Markov chains, which was adapted by the authors for research and forecasting of FDI in Ukraine till 2023. This theory makes it possible to take into account the stochasticity and instability of the processes occurring in the global and national economies. Practical value. The analysis of incoming and outcoming FDI flows and the identified threats to investment activity makes it possible to assess the dynamics of world economic processes and global competitiveness in the period 20112020. Using the tools of economic and mathematical analysis based on the regression influence, the degree of influence of direct investments in Ukraine on the dynamics of the GDP of the national economy and the level of exports and imports of goods were investigated. The forecasting of the dynamics of direct investments in Ukraine in the near future was carried out using the theory of Markov chains, which will allow working out appropriate decisions on the strategic development of the state.

scholarly journals Analysis of the Influence of Foreign Trade on Investment Attractiveness of Ukraine

2021 ◽  
Vol 25 (1) ◽  
pp. 105-110
Author(s):  
S. Munka ◽  
Keyword(s):  
Economic Growth ◽  
Foreign Trade ◽  
World Market ◽  
Stock Index ◽  
Strong Positive Correlation ◽  
Investment Climate ◽  
Investment Activity ◽  
The World ◽  
The Impact

Annotation. Introduction. The studying process of the investment attractiveness of the Ukrainian economy remains a priority for domestic economists, because the economic growth is impossible without the involvement in investment. In order to improve the investment attractiveness of the economy it would be desirable to determine the factors and relationships that improve the corresponding indicator. Purpose. The main purpose of the article is to analyze the impact of foreign trade on the investment attractiveness, develop projections for the investment climate in Ukraine. The definition of the role of the country’s stock index in investment attractiveness. Results. The study reveals the concept of the investment attractiveness. The influence of export goods on investment attractiveness was investigated. A number of key export goods for the domestic economy were identified. The projections of the investment attractiveness for future periods were developed due to the price of export goods in the world market. The role of the stock index in the country’s investment climate was determined. The projections of the stock index of Ukraine were developed. Recommendations for increasing the investment attractiveness of the national economy were given. Conclusions. Based on the research, we can draw conclusions about the strong positive correlation between the foreign trade and the investment attractiveness. Now, Ukrainian exports are commodity-focused and, as a result, the economy depends on the price of agricultural products and iron ores on the world market. The results of the study predict and an increase in the cost of food products in the world and, as a consequence, an increase in the investment attractiveness of the Ukrainian economy. Despite the positive projections for the growth of commodity prices, the export of goods with high added value goods will be more profitable option for the economy. Keywords: investment activity; investment climate; foreign trade; economic growth; export; projection; polynomial trend line; iron or; correlation-regression analysis; stock index.

scholarly journals ANALYSIS OF THE IMPACT OF THE COVID-19 PANDEMIC CRISIS ON THE FINANCIAL SECURITY OF BUSINESS IN UKRAINE

2020 ◽  
pp. 21-28
Author(s):  
О. Zakharkin ◽  
L. Zakharkina ◽  
Yu. Bilous ◽  
V. Holovata
Keyword(s):  
Financial Stability ◽  
Negative Impact ◽  
Financial Security ◽  
Economic Activities ◽  
Investment Activity ◽  
Systematic Analysis ◽  
The World ◽  
Analysis And Synthesis ◽  
Index Investment ◽  
The Impact

The article analyzes the impact of the COVID-19 pandemic on business activities in Ukraine and the world and its financial security. The analysis showed that the economy of Ukraine, like most countries in the world, has suffered significant losses from the introduction of anti-epidemic restrictions on business activities, which manifested itself in falling GDP, industrial production index, investment activity. Due to the temporary or complete cessation of business, the unemployment rate has increased significantly. The pandemic crisis also harmed enterprises' financial results, which declined significantly in all economic activities, especially in industry, transport, temporary accommodation, and catering, where the share of unprofitable enterprises reaches 73%. Thus, the problem of ensuring the financial security of business becomes relevant. The work aims to develop methodological approaches to assessing the impact of the pandemic crisis on businesses' financial security and to identify effective ways to ensure such security. The research used scientific abstraction, comparative and systematic analysis and synthesis, systematization, and logical generalization. It was determined that small and medium-sized businesses were most affected by the pandemic, where more than 60% of entrepreneurs had a strong negative impact. Large businesses suffered less, but they also suffered significant losses due to declining business activity and demand in domestic and foreign markets. The pandemic had the least impact on agriculture, which suffered the least losses, primarily due to the slight impact of restrictions on this business's activities. The paper systematized the risks arising from the pandemic crisis factors and identified their manifestations and financial consequences for the business. Studies have shown that such effects manifest themselves in the form of total or partial loss of profits, problems with debt repayment, reduced financial stability, liquidity, increased receivables, increased costs of anti-epidemic measures, and so on. Thus, the procedure for assessing the business's financial security is to take into account all the factors that shape the financial position of businesses during a pandemic crisis.

scholarly journals Influence of industry 4.0 on the investment activities of transnational corporations

2020 ◽  
Vol 23 (10) ◽  
pp. 68-77
Author(s):  
Natalya Chernenko ◽  
Olena Korohodova ◽  
Tetiana Moiseienko ◽  
Yaroslava Hlushchenko
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Transnational Corporations ◽  
Business Practices ◽  
Investment Activity ◽  
Fourth Industrial Revolution ◽  
The World ◽  
The Impact

The study considers the issue of investment activity of transnational corporations – the largest representatives of world business, which acquire new features that are developed under the influence of the fourth industrial revolution. The study highlighted the increasing role of corporations in the international investment market. The authors mention the features of rhetoric that accompanies the penetration of TNCs into the economic systems of the world and reflects the impact on economic, political, and social components, highlighting the rules of foreign direct investment state regulation, founding the most liberal approaches to attracting FDI. Tracking the changes taking place under the influence of Industry 4.0 allowed to develop a list of features that are inherent in the investment activities of TNCs. Among the inherent features, the reshoring process, which has been used by United States corporations for a long time, is gaining popularity. The study reflects the course of export-import operations with foreign direct investment in the world, which is developed by analysing the data on the flow of FDI imports and exports. It is established that Industry 4.0 is described by such risks, which are developed due to the growth of instability and a high level of uncertainty of the result. Attempts to integrate achievements of the fourth industrial revolution into economic and business practices, which are rapidly taking place in the modern world, are directly related to Ukraine, which is in great need of international financial and technological aid. It is emphasised that TNCs can provide the country with the said resources as the leading investors for Ukraine, despite the fact that in Ukraine the amount of foreign investment from TNCs is currently insignificant and mainly aimed at meeting the needs of the domestic market, own consumption and not in export-oriented industries. The study also analyses the factors of direct influence on the decision of corporate management to conduct business in Ukraine. Furthermore, the study emphasised the necessity of developing and implementing effective state regulatory mechanisms that can balance the interests of leading corporations and national enterprises

scholarly journals Identification of dependencies between the imbalances of financial resources and investment flows in the eastern European economies

2019 ◽  
Vol 8 (1) ◽  
pp. 1-10
Author(s):  
Maxim Korneyev
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
European Countries ◽  
Financial Resources ◽  
Eastern European ◽  
Investment Activity ◽  
The World ◽  
Eastern European Countries ◽  
European Economies ◽  
The Impact

Strengthening financial and economic stability in certain countries of the world requires the modification of tools for assessing the imbalances in the flow of financial resources that arise and spread as a result of the economy financialization and their consequences for the functioning of markets, especially investment ones. The purpose of the study is to develop a methodological approach to identifying the dependencies between financial resources imbalances resulting from financialization and investment flows. The following research methods were used: science-based abstraction, analysis and synthesis, economic and mathematical methods (to identify the dependencies between the imbalances in the movement of financial resources and investment flows in the economy); comparison and analogy (to study the world experience in identifying the links between financialization and investment flows in the economy). The aspects of the influence of imbalances in financial resources movement as a result of the economy financialization on investment flows are systematized. Various consequences of these imbalances for the functioning of the investment market are determined. The algorithm of identification of special aspects of investment flows influenced by financial resources imbalances was modified. The hypothesis of the strong correlation between the dynamics of foreign direct investment in the Eastern European countries and the level of imbalances in the flow of financial resources has been confirmed. The hypothesis of the significant influence of financialization processes on investment activity in the real sector of the economy, including infrastructure investments, has been refuted. It has been established that imbalances in the flow of financial resources as a result of financialization do not contribute to the development of investment markets of Eastern European countries, and only intensify disparities by directing foreign direct investment in the financial sectors of these countries and increasing the volatility of their market conditions.It has been determined that the approach to identifying the dependencies between financial resources imbalances as a result of financialization and investment flows in Eastern European economies has allowed to substantiate the impact of such imbalances on investment amounts and on the capital formation dynamics.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

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