scholarly journals The Effects of COVID-19 Global Crisis on Production, Employment, Trade and Tourism Revenues in the Macro Economy

2021 ◽  
Author(s):  
Kamil Uslu
Keyword(s):  
Financial Support ◽  
Global Economy ◽  
Free Fall ◽  
Economic Life ◽  
Global Level ◽  
International Financial Institutions ◽  
Global Crisis ◽  
Health Crisis ◽  
The World ◽  
Global Growth

The world, very different from the 1929 Economic Crisis, the global economy faced a new epidemic health crisis with Covid-19 in China's Wuhan Province in December 2019.This crisis, unlike any other, still continues. The epidemic was originally detected in those found in the seafood and animal market in this region. Later, it threatens the whole world by transmitting from person to person. Countries were quick to stop the economic life with the great global lockdown in order to overcome the Health Emergency. Great uncertainty has overshadowed the future of the global economy as international financial institutions (such as the WB and IMF) are moving fast to help people and countries. Governments have been able to hold back some of the free fall of global growth with exceptional monetary and financial support to individuals and firms. This financial support reached a global level of $ 11.5 trillion as of September 2020. The purpose of our study; Covid-19 Global Crisis; Its Effects on Macroeconomics on Production, Employment, Trade and Tourism Incomes will be investigated. In addition, WHO and countries have been accelerated in search of a solution to the epidemic.

INTERACTION OF THE NATIONAL ECONOMY OF UKRAINE WITH INTERNATIONAL CREDIT AND FINANCIAL ORGANIZATIONS

2017 ◽  
Author(s):  
Serhii Voitko ◽  
◽  
Yuliia Borodinova ◽  
Keyword(s):  
Financial Institutions ◽  
National Economy ◽  
Financial Support ◽  
Global Economy ◽  
Financial Sector ◽  
Negative Consequences ◽  
International Financial Institutions ◽  
The Future ◽  
International Credit

The article examines the interaction of the national economy of Ukraine with international credit and financial organizations, evaluates the positive and negative consequences and identifies possible areas for further cooperation. The role of international credit and financial organizations in the development of the global economy is analyzed. Today, international financial institutions have taken a leading place among institutions that provide financial support and contribute to the implementation of necessary reforms aimed at developing enterprises in various sectors of the economy and strengthening the country's financial sector as a whole. The importance of cooperation between Ukraine and international financial institutions for the development of the country's economy has been determined. The problems and directions of development of cooperation with leading credit and financial organizations in modern conditions are identified. Despite the presence of certain shortcomings, cooperation between Ukraine and international credit and financial organizations will continue in the future.

Conclusion

2018 ◽  
Author(s):  
Matthew A. Shadle
Keyword(s):  
Global Economy ◽  
Economic Life ◽  
Social Teaching ◽  
Human Society ◽  
Pope Francis ◽  
The World ◽  
Entire Cosmos ◽  
Natural Ecology ◽  
Theological Vision ◽  
New Framework

The conclusion looks at the teaching of Pope Francis, considering the possibility that it represents the emergence of a new framework for Catholic social teaching. Pope Francis has emphasized that the encounter with Jesus Christ brings about an experience of newness and openness. He has also proposed a cosmic theological vision. His concept of “integral ecology,” introduced in his encyclical Laudato Si’, illustrates how human society is interconnected with the natural ecology of the planet earth and the entire cosmos. He proposes that the economy, society, culture, and daily life are all interconnected “ecologies.” In a speech to the World Meeting of Popular Movements in 2015, Pope Francis also explains how social movements devoted to local issues can nevertheless have a profound effect on the structures of the global economy. In his teachings, Pope Francis presents an organicist and communitarian vision of economic life.

Spillovers to the Global South

2017 ◽  
Author(s):  
Yilmaz Akyüz
Keyword(s):  
World Economy ◽  
Commodity Prices ◽  
Global South ◽  
Capital Inflows ◽  
Global Crisis ◽  
Advanced Economies ◽  
The World ◽  
Run Up ◽  
Global Growth ◽  
Very High

The crisis demolished the myth that EDEs were decoupled from advanced economies and BRICS were becoming new engines of global growth. From 2011 onwards, with the end of the twin booms in commodity prices and capital inflows, growth in EDEs has converged downward towards the depressed levels of advanced economies from the very high levels achieved in the run-up to the global crisis and the immediate aftermath. Loss of momentum is particularly visible in economies that failed to manage the earlier booms prudently. In examining the spillovers from policies in major advanced economies and China to EDEs, the chapter introduces the notion of commodity-finance nexus wherein these markets reinforce each other during both expansions and contractions. The chapter concludes with a brief discussion of policies needed to put the world economy into decent shape and to avoid liquidity and debt crises in EDEs.

At A Glance…: The world economy

2006 ◽  
Vol 196 ◽  
pp. 2-3
Keyword(s):  
Interest Rates ◽  
Euro Area ◽  
Global Economy ◽  
World Economy ◽  
Us Economy ◽  
The Us ◽  
The World ◽  
Global Growth

• Global growth will remain rapid over the next two years, with world GDP rising by 4.8 per cent in 2006 and 4.5 per cent in 2007.• China's growing weight in the global economy is a key reason why interest rates have been unusually low.• The US economy will grow by 3.3 per cent this year and 2.9 per cent in 2007.• Japan will expand by 2.9 per cent in 2006 and 2.3 per cent next year.• The Euro Area will grow by 2.1 per cent this year and 2.0 per cent in 2007.

scholarly journals Forecasting Covid-19 Infections and Deaths Horizon in Egypt

2020 ◽  
Author(s):  
Shereen Nosier ◽  
Reham Salah Beram
Keyword(s):  
World War Ii ◽  
Global Economy ◽  
Prediction Models ◽  
Moving Average ◽  
Health Crisis ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
The World ◽  
Total Death ◽  
Egyptian Government

The coronavirus Covid-19 pandemic is defining a global health crisis, which is the hugest challenge the world has faced since World War II. Accordingly, the global economy as well is facing the worst economic catastrophe since the 1930s Great Depression. The case in Egypt is similar to the rest of the world. Despite being threatened by GDP decline and income losses; the Egyptian government has reacted early to restrain the pandemic outbreak. By mid-March, many measures had been undertaken to contain the spread of the virus. More than three months after imposing them, Egypt began lifting many of the restrictions put in place to curb the spread of coronavirus. Predictions of the potential spread of Covid-19 based on time series Auto Regressive Integrated Moving Average (ARIMA) and econometric Autoregressive-Distributed Lag (ARDL) forecasting models are utilized in this paper for designing and/or evaluating countermeasures. The aim of this study is threefold, first using the most recent available data to find the best prediction models for daily cases and death in Egypt and forecast them up to 7 November 2020. Second, to analyze the effect of mobility on the incidence of the pandemic using Google Community Mobility Reports (GCMR) to evaluate the results of easing lockdown restrictions. Finally, providing some recommendations that may help lessen the spread of the virus and eradicate new deaths as possible. The results revealed that mobility of population is affecting the incidence of new cases of Covid-19 significantly over the period of the study. Additionally, the total number of infections on November 7 2020 is expected to reach 102,352 cases, while the total death toll is predicted to be 5,938 according to the most accurate methods of forecasting. Accordingly, in order to sustain the predicted flat pandemic curve, many restrictions must be continued and emergency mechanisms need to be considered. For instance, adhering to the precautions of social distancing advised by the health minister and the declared hygiene rules to ensure that infection is prevented or transmitted is necessary. Besides, being prepared with re-imposing lockdown strategies and health system support are essential among others. It should also be noted that this expected pattern can shift, yet that depends on people's actions.

Corruption & Illicit Trade

Daedalus ◽  
2018 ◽  
Vol 147 (3) ◽  
pp. 127-143
Author(s):  
Louise I. Shelley
Keyword(s):  
Natural Resources ◽  
Social Order ◽  
Global Economy ◽  
Significant Component ◽  
Counterfeit Goods ◽  
Illicit Trade ◽  
Low Level ◽  
The World ◽  
Global Growth

Illicit trade in diverse commodities–including drugs, people, natural resources, and counterfeit goods–is a significant component of the global economy. And illicit trade could not be possible without both high- and low-level forms of corruption. Transnational corruption has facilitated the global growth of illicit trade, undermining governance, the economy, health, social order, and sustainability in all regions of the world. This essay explores the convergences of corruption, illicit trade markets, and the legitimate economy, and identifies strategies for combatting them.

scholarly journals The World Economy

2018 ◽  
Vol 246 ◽  
pp. F3-F3
Keyword(s):  
Global Economy ◽  
World Economy ◽  
List Type ◽  
Medium Term ◽  
Advanced Economies ◽  
The World ◽  
Full Capacity ◽  
Near Term ◽  
Global Growth ◽  
Economic Outlook

The global economy is set to continue to grow at a pace of slightly below 4 per cent a year in the near term.Oil prices have risen further and with some advanced economies appearing to be operating at close to full capacity, there is a risk that inflation will increase. Our expectation is that any rise will be limited.US tariff increases and confrontational trade rhetoric are adding uncertainty to the global economic outlook, with a bias towards slower growth as a consequence.Without a recovery in productivity growth, the pace of economic expansion in the medium term will be slower than at present. Our medium term outlook is for global growth of around 3.5 per cent a year.

scholarly journals Measuring the inclusiveness of international financing to tourism in Latin America and the Caribbean

2018 ◽  
Vol 15 (3) ◽  
pp. 15-34 ◽  
Author(s):  
Isabel Carrillo-Hidalgo ◽  
Juan Ignacio Pulido-Fernández
Keyword(s):  
Latin America ◽  
Financial Institutions ◽  
Small Businesses ◽  
Financial Support ◽  
Poverty Reduction ◽  
Economic Life ◽  
International Financial Institutions ◽  
The Caribbean ◽  
International Financing

Globally, tourism has been identified as a means of poverty reduction and development, and as a means of encouragement of females, minorities and small businesses to better engage in the mainstream of economic life. This paper examines whether the international and governmental financial support, grated by international financial institutions, is effectively achieving these aims in Latin America and the Caribbean. A series of indices are established in the paper that assess the extent to which such funding includes non-corporate enterprise while also considering the volume and nature of such funding. It is concluded that the goals of inclusiveness are not being met.

scholarly journals GLOBAL CRISIS AND ITS EFFECTS IN THE DEVELOPED AND EMERGENT COUNTRIES - “THE BOTTOM OF THE PYRAMID” AS AN INNOVATION RESOURCE

2011 ◽  
Vol 1 (2) ◽  
pp. 48-58 ◽  
Author(s):  
Irma Shyle
Keyword(s):  
Global Economy ◽  
Average Rate ◽  
Annual Growth ◽  
Bottom Of The Pyramid ◽  
Global Crisis ◽  
Resources Management ◽  
Business Opportunity ◽  
The Past ◽  
The World ◽  
High Level

The economists forecast that in the next 5 years the average annual growth of the global economy will be smaller than the average rate in the past 15 years. This reinforce more than ever the problem of the restricted resources management and discovery of the best possible ways to improve and increase the population welfare. It is raised the question: To serve 5 milliard people in the world (with less than 2$ per day) is: Moral responsability? High level of intelect? Business opportunity? Is it the time for companies to enter in the Bottom of the Pyramid markets? Is it the Bottom of the Pyramid the source of the innovation? Why are these markets attractive? Keywords: average annual growth, global economy, resources management, markets

scholarly journals The Impact of Covid-19 Towards Human Security

2021 ◽  
Vol 2 (1) ◽  
pp. 1
Author(s):  
Iqbal Ramadhan
Keyword(s):  
Global Economy ◽  
Qualitative Methodology ◽  
Human Security ◽  
Economic Life ◽  
Vulnerable Communities ◽  
Global Pandemic ◽  
The World ◽  
The Government ◽  
Study Techniques ◽  
The Impact

The emergence of coronavirus at the end of 2019 caused the world to fall into a global pandemic. It cannot be denied that the phenomenon of the Covid-19 pandemic caused a downturn in the global economy. The threat of the Covid-19 pandemic has endangered social aspects and has also destabilized the political and economic life of all countries. Covid-19 has an impact on human security around the world. The concept of human security essentially emphasizes human freedom from fear. Through the concept of human security, this article seeks to explain how people are classified as vulnerable objects. Their lives could be threatened by Covid-19. The author uses a qualitative methodology with case study techniques to address this issue. The analysis in this article shows that poor, undernourished people who do not have access to sanitation and health services live in densely populated areas and people with comorbidities are particularly vulnerable to exposure to Covid-19. The conclusion of this research is that the government needs to give priority to these vulnerable communities. They are the entities that need to be protected from the threat posed by Covid-19.AbstrakMunculnya virus corona di penghujung tahun 2019 menyebabkan dunia terjerumus ke dalam pandemi global. Tak bisa dipungkiri, fenomena pandemi Covid-19 menyebabkan perlambatan ekonomi global. Ancaman pandemi Covid-19 telah membahayakan aspek sosial dan juga mengguncang kehidupan politik dan ekonomi semua negara. Covid-19 berdampak pada keamanan manusia di seluruh dunia. Konsep keamanan manusia pada dasarnya menekankan kebebasan manusia dari rasa takut. Melalui konsep human security, artikel ini berusaha menjelaskan bagaimana manusia diklasifikasikan sebagai objek yang rentan. Hidup mereka bisa terancam oleh Covid-19. Penulis menggunakan metodologi kualitatif dengan teknik studi kasus untuk mengatasi masalah ini. Analisis dalam artikel ini menunjukkan bahwa orang miskin dan kurang gizi yang tidak memiliki akses ke sanitasi dan layanan kesehatan tinggal di daerah padat penduduk dan orang dengan penyakit penyerta sangat rentan terhadap paparan Covid-19. Kesimpulan dari penelitian ini adalah bahwa pemerintah perlu memberikan prioritas kepada masyarakat rentan tersebut. Mereka adalah entitas yang perlu dilindungi oleh pemerintah dari ancaman Covid-19.

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