scholarly journals The Importance Of SMEs On World Economies

2019 ◽  
Author(s):  
Murat Bayraktar ◽  
Neşe Algan
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Global Economy ◽  
World Economy ◽  
Poverty Reduction ◽  
National Development ◽  
Business Sector ◽  
Developed Economies ◽  
Turn On ◽  
The World

The importance of SMEs to world economies is well reported. SMEs (firms with 200 or less employees) construct the biggest business sector in each global economy therefore governments around the world are increase the effort to promote and support SME expansion as their national development strategy. Micro firms and SMEs are forming the majority of firms in most countries (which 95% on average) and for the large majority of jobs. While SMEs are dominating of very great numbers, SMEs are significant due to their importance as priority drivers to employment, economic growth and innovation. According to the World Trade Organization SMEs represent over 90% of the business population, 60-70% of employment and 55% of GDP in developed economies. SMEs held for around 20% of patents, one measure of innovation, in biotechnology-related fields in the Europe. As the world economy faces with prevailing challenges, governments increasingly start to turn on SMEs as a significant element of sustainable and inclusive economic growth. The importance of SMEs to; economic growth, poverty reduction, innovation and job creation also social cohesion are major key.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

The Global Crisis and its Consequences

2009 ◽  
Vol 2 (3) ◽  
pp. 1-17 ◽  
Author(s):  
Sandro Sideri
Keyword(s):  
Economic Growth ◽  
Technological Change ◽  
Global Economy ◽  
World Economy ◽  
Exit Strategy ◽  
Current Crisis ◽  
The Third ◽  
Economic Growth Model ◽  
The Us ◽  
The World

The first section of the paper identifies the immediate causes of a crisis that is both severe and global. The second section examines the unsustainable imbalance that feeds the current crisis: more than two billion people under-consume and save, while a few hundred million borrow and live beyond their means. This imbalance rests on, and at the same time strengthens, the huge and often widening income gaps between, and within, countries, including the redistribution in favor of capital and highly skilled labor caused by globalization and technological change. The third section explores the effects of the crisis and the problems that it is creating, including those generated by the way in which it is being handled and the “exit strategy” that will eventually be used. The crisis is accelerating the shift of power toward Asia, because the US is increasingly perceived as the destabilizer of the world economy, but until the imbalance is eliminated, the financialization of the global economy is brought under control and productive investment replaces the speculative activity of financial capitals, other crises are bound to follow. Which means that any future international order that emerges from the current mess must abandon the present economic growth model, while integrating globalization with regionalism. These two processes are already underway and may perhaps result in a more balanced and multipolar world system.

Beyond Illusions

Capitalism ◽  
2018 ◽  
pp. 176-201
Author(s):  
Fred L. Block
Keyword(s):  
United States ◽  
Economic Growth ◽  
Global Economy ◽  
World Economy ◽  
The United States ◽  
The World ◽  
Sustainable Economic Growth

This chapter elaborates the kind of reforms that would make sustainable economic growth possible both in the United States and in the world economy. It emphasizes the parallel between the crisis of the 1930s and the problems of the global economy since the 2008 crisis.

MNCs as a Factor for Governance Modernizing in the Twentieth Century

2018 ◽  
pp. 25-45
Author(s):  
Arkhipov Aleksey ◽  
Eteri Rubinskaya
Keyword(s):  
Global Economy ◽  
World Economy ◽  
National Development ◽  
Economic Security ◽  
State Regulation ◽  
Development Scenarios ◽  
Potential Development ◽  
The World ◽  
Transnational Entrepreneurship ◽  
Definition Of

Deepening integration of countries within the world economy demands from the states to develop internal and external policies which would be at the same time adequate to challenges of the global economy, to corporate interests and also to national development priorities. Thus, the new concept of state regulation of transnational entrepreneurship must take into account the network structure of organization and significant IT involvement in all transborder operations. In the research presented further we have analyzed the approaches to theoretical definition of transnational entrepreneurship along with the conditions for its formation and spread. We also attempt to determine the economic efficiency of network organization of transnational business under the conditions of global economic instability and the need for permanent development. The major problems related to the interactions of corporations and states are outlined, and the potential development scenarios for these relations are suggested. The role of today's transnational corporations in international capital flow and international labour distribution is explained; the meaning and value of such corporations for the world economy is assessed. The authors also offer for consideration the stages in Russian transnational entrepreneurship development along with recommendations concerning the development and implementation of national economic strategy taking into account the weight of transnationalization factor and the priorities of economic security.

THE MAIN TASK IS TO RENEW SUSTAINABLE SOCIO-ECONOMIC GROWTH (INTERVIEW)

2021 ◽  
Vol 16 (2) ◽  
pp. 17-31
Author(s):  
A.G. AGANBEGYAN ◽  
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
World Economy ◽  
Main Task ◽  
Editorial Office ◽  
The World ◽  
Fundamental Uncertainty ◽  
Academy Of Sciences ◽  
Further Development ◽  
Main Factor

Fundamental uncertainty about the pandemic development remains the main factor determining the further development of the world economy and hindering the assessment of the balance of risks. The decline in GDP may turn out to be less severe if the economic situation normalizes faster than expected. Academician of the Russian Academy of Sciences Abel Gezeevich Aganbegyan told the editorial office about what awaits the Rus-sian economy in the future, what complex of measures must be taken to overcome stagnation and resume sustainable socio-economic growth, as well as the situation in the global economy.

scholarly journals PROBLEMS OF DIFFERENTIATION OF SOCIO-ECONOMIC DEVELOPMENT IN THE GLOBAL ECONOMY

2020 ◽  
Vol 9 (2) ◽  
Author(s):  
Marat R. Safiullin ◽  
Gulnaz M. Galeeva ◽  
Raushaniya I. Zinurova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
Life Quality ◽  
Developed Countries ◽  
The United States ◽  
The World ◽  
Socio Economic Development ◽  
Great Leap Forward

This paper considers the differentiation of the development level of some countries of the world using different models of socio-economic development. The study consisted of several stages and was based on data published on the official websites of the World Economic Forum, the World Bank, and the International Monetary Fund. In this regard, we studied the methods for assessing the quantitative and qualitative parameters of the development of countries in the world economy. We also studied the leading countries in terms of socio-economic development, strategies and their competitive advantages, and identified priority areas for the development of the economies of countries under consideration during the analyzed period. This paper presents an analysis of economic parameters, a comparison of national economies, their development dynamics using quantitative indicators of economic growth. According to the study, China has prospects for a great leap forward in economic development, the United States is the leader in many respects, and Japan has slowed down in economic growth and risks continuing to suffer losses in a number of economic indicators. Chad, India, China and developed countries have strong differentiation in terms of per capita GDP growth rates according to PPPs. All this speaks of the processes of strengthening differentiation, taking place in the world economy, widening the gap in the level of life quality among countries

Big Business and Family Business

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Family Business ◽  
Global Economy ◽  
World Economy ◽  
Global Distribution ◽  
Interlocking Directorates ◽  
Family Investment ◽  
Distribution Of Wealth ◽  
Developed Economies ◽  
The World ◽  
Shareholder Capitalism

Chapter 4 begins to connect the changes in finance to changes in the global economy and the national and global distribution of wealth. The financiers, rich though they have become, remain agents of the richer still families of dynastic wealth. Although family business sounds old-fashioned or quaint, it is demonstrated that dynastic wealth still dominates the world economy, even in highly developed economies. Through interlocking directorates, families continue to maintain control despite the rise of distributed shareholder capitalism and large non-family investment pools such as pension funds. These families also maintain a broader form of social and political control through their cultivated connections.

scholarly journals Post-Pandemic Recovery of the Global Economy

2021 ◽  
Vol 14 (2) ◽  
pp. 47-71
Author(s):  
E. N. Smirnov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Global Economy ◽  
World Economy ◽  
Negative Impact ◽  
Policy Instruments ◽  
World Order ◽  
Economic Consequences ◽  
Clear Understanding ◽  
The World

As the coronavirus pandemic continues to spread, the degree of its negative im- pact on the development of economic systems throughout the world economy increases. At the same time, the issues of the future world order and the restoration of the global econ- omy are becoming more and more uncertain. The purpose of our study was to review the conceptual and practical approaches to substantiating the possibilities of postcrisis recov- ery of the global economy in the context of the continuing negative impact of the pandemic on international trade, capital flows and the development of the world financial system. The article reviews the materials of international economic organizations to assess the longterm economic consequences of the pandemic. The analysis shows that the main problem in as- sessing the possibilities for the recovery of the world economy is the existing heterogeneity in the degree of the pandemic's impact on individual sectors and economies of countries, as well as the differentiation and inconsistency of the applied economic policy instruments. In addition, it was found that the world retains a high potential for financial instability, and “vaccine nationalism” is getting worse. The main contradiction is the transboundary nature of the challenges to further economic development with a significant slowdown in global- ization pro-cesses. The author considers the current pandemic to be one of the new global problems of the world economy, since its recovery in the current conditions is of an indefi- nite spasmodic nature, and there are also risks of a permanent slowdown in economic mo- bility. The solution to the key problem of economic growth - increasing productivity - is pos- sible only with a clear understanding and planning of progress with inclusive vaccination, which is so far elusive. Although shortterm economic policy is a priority for governments, a wellcoordinated international agenda is needed at the global level to ensure the transition from income support to stimulating economic growth, as well as to overcome the existing structural imbalances and distortions in the system of economic relations between coun- tries.

Actual Problems of Economic Policy

2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Foreign Exchange ◽  
World Economy ◽  
Domestic Economy ◽  
The World ◽  
Exchange Policy ◽  
Effective Integration

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.

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