scholarly journals Оцінка стану криптовалютного ринку та його перспектив під впливом коронавірусу

2020 ◽  
pp. 106-117
Author(s):  
Сперчун О.В. ◽  
Кудрицька Ж.В.
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Careful Study ◽  
Financial Assets ◽  
Economic Changes ◽  
Goods And Services ◽  
Blockchain Technology ◽  
Current State ◽  
The World ◽  
The Impact

Nowadays in the world economy, there is a tendency to invest in alternative, digital assets. Currently, the problem of integration of cryptocurrencies into the international financial system and the spread of the use of cryptocurrencies as a means of payment for goods and services is relevant. The following scientists have considered the development of the cryptocurrency economy: Beck K., M. Carney, M. Chea, E. Fry, J. Chung A., Roca E., Cooper M. and others. However, changes in the global economy caused by the coronavirus pandemic have significantly affected the cryptocurrency market and require more careful study and analysis. The article is devoted to the study of the current state of the cryptocurrency market and the changes that have taken place under the influence of the coronavirus. The price characteristics of the main cryptocurrencies over the last few months, their state, and reaction to changes in the world economy are considered. The article presents statistics of the cryptocurrency Bitcoin for the last few months, as well as other traditional financial assets. The technological characteristics of the cryptocurrency Bitcoin, the mechanisms of its functioning, and the possibilities of its application in related economic spheres are also considered. The impact of traditional financial assets on the cryptocurrency economy and the role of the cryptocurrency Bitcoin as a protective financial asset are analyzed. The terms of the functioning of the decentralized financial platform Bitcoin on the basis of Blockchain technology are considered. Perspective for the development of the cryptocurrency economy and key economic indicators of the cryptocurrency Bitcoin is also analyzed. The purpose of this work is to analyze the dynamics of prices for major cryptocurrency assets in the cryptocurrency market, due to global economic changes caused by the coronavirus pandemic and further prospects for the digital economy. It also described the influence of certain factors on the pricing of Bitcoin cryptocurrency.

scholarly journals THEORETICAL AND METHODOLOGICAL ASPECTS OF DETERMINING THE INFLUENCE OF GLOBALIZATION PROCESSES ON THE DEVELOPMENT OF THE ECONOMY OF UKRAINE

2021 ◽  
Author(s):  
Svitlana Bestuzheva ◽  
Viktoria Kozub
Keyword(s):  
Foreign Direct Investment ◽  
Direct Investment ◽  
Global Economy ◽  
World Economy ◽  
Modern Trend ◽  
Tax Rate ◽  
Goods And Services ◽  
The World ◽  
World Economic ◽  
The Impact

The paper proposes a scientific approach to determining the impact of globalization processes on the development of Ukraine’s economy based on the analysis of the dynamics and modeling of indicators of the degree of integration of Ukraine’s economy into the system of world economic relations. Globalization is seen as a modern trend in the world economy as a system of interconnected and interdependent economic entities, among which a significant place is occupied by countries. The authors determine the degree of Ukraine's integration into the world economic space by its place in the ratings of globalization and economic openness. Analysis of the dynamics of the degree of integration of Ukraine's economy into the global economy is based on GDP, export and import quotas during 2006 – 2020. Based on the results of the analysis, the authors developed an econometric model for assessing the impact of factors on the globalization index of Ukraine, identified the most significant positive factors, namely the volume of exports of goods and services as a percentage of GDP, GDP, the ratio of foreign direct investment to GDP, the share of innovative exports export of goods and services of the country. The import quota and the corporate income tax rate have been identified as negative factors. Based on the results obtained during the modeling, the authors have developed and proposed a sequence of measures to increase the level of openness of Ukraine's economy in the context of its globalization. Perspective forms of globalization in the context of forming a new perspective of the international community on changing the vector of world economy - from globalization to regionalization and nationalization which have materialized in increasing the volume and diversification of the structure of international trade, intensification of international financial transactions, the emergence of transnational business, a sharp increase in foreign direct investment and intensification of international labor migration.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

scholarly journals HORIZONS OF RESEARCH IN GEOGRAPHY OF THE WORLD ECONOMY

HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  
Keyword(s):  
Developing Countries ◽  
Division Of Labor ◽  
Global Economy ◽  
World Economy ◽  
Spatial Organization ◽  
Modern World ◽  
High Tech ◽  
Research Activities ◽  
The World ◽  
The Impact

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.

scholarly journals Blockchain Technology and its Impact on the Global Economy

2019 ◽  
Author(s):  
Burcu Sakız ◽  
Ayşen Hiç Gencer
Keyword(s):  
Artificial Intelligence ◽  
At Risk ◽  
Global Economy ◽  
World Economy ◽  
Financial Institution ◽  
The Internet ◽  
Valuable Resource ◽  
Artificial Intelligence Techniques ◽  
Blockchain Technology ◽  
The World

The world’s most valuable resource is no longer oil, but data. Smartphones and the internet have made data abundant, ubiquitous and far more valuable. Modern algorithms can predict when a customer tends to buy, a car needs servicing or a person is at risk of a disease. Meanwhile, artificial intelligence techniques extract more value from data. As individuals accumulate information which transforms into knowledge, entrepreneurs will want to use and/or share that knowledge. It is the sharing of knowledge that needs a decentralized, autonomous mechanism so that knowledge can be shared fairly amongst all peoples of the world, not just within corporations. Blockchain technology gives us that mechanism. Blockchain is one of a kind decentralized technology and it is distributed as well as decentralized ledger. Blockchain is the answer to a lot of obstacles the world has to go through today. Before today, nobody could think of transferring money from one account to another safely without any financial institution in the middle, like a bank. Blockchain technology presents a radical and disruptive new way of conducting all manner of transactions over the Internet. The advent of Bitcoin and the blockchain has brought a lot of change to the world of finance even the world economy was formerly run using fiat currencies. Introducing the blockchain environment will actually enhance the economics because in blockchain, all transactions are recorded right from the manufacturer to the buyer. This paper explores the emerging landscape for blockchain technology focusing on the economics.

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 Restructuring of International Finance for Sustainable Development of The Global Economy

2020 ◽  
Vol 74 ◽  
pp. 06028
Author(s):  
Viacheslav Shavshukov ◽  
Natalia Zhuravleva
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
World Economy ◽  
Banking System ◽  
International Markets ◽  
Flexible Exchange Rate ◽  
Smooth Transition ◽  
Financial Assets ◽  
The World ◽  
World Economic

The global crisis of 2008–2009 and its long post-crisis recession have raised questions about the future structure of the world economy. The crisis is viewed as a crash of the basic elements of the global economy’s system. The international markets of financial assets failed to regulate themselves and aggravated conflicts between global and national finance. In 2010–2019 the world economy faced the risks for sustainable development. Deglobalization and dedollarization procedures questioned the previous philosophy and world economic leadership. According to the main results of a research, international financial institutions have deficiency of means for the solution of civilization problems. The world banking system, enhancing capital base according to BIS III, is defenseless against a big share in balance of derivatives and off-balance obligations. The post-crisis economy is unstable before the risks of dropping rates by 70% of the world’s economy. The system’s solution to problems of ensuring sustainable development relies on “three whales”: change of the domestic economic policy in the direction of structural reforms for the 4.0 Revolution, ensuring productivity growth, smooth transition to a flexible exchange rate, decrease in the public and corporate debts; transition to cross-border policy without tariff wars; and focus of the world economy in civilization’s problems, quitting a competition for leadership in favor of the multipolar world, orientation to quality of life and SDR as the reserve currency.

scholarly journals EMERGING ECONOMETRICS OF BOMB, WAR AND FREE DIRECT INVESTMENTS TO STABILIZE THE SOCIO-ECONOMIC CONDITIONS OF OWN COUNTRY IN GLOBALIZED WORLD

2017 ◽  
Vol 5 (6) ◽  
pp. 170-174
Author(s):  
Chiranjib Kumar
Keyword(s):  
Global Economy ◽  
Peace Building ◽  
Goods And Services ◽  
One Belt One Road ◽  
The World ◽  
Recent Developments ◽  
Globalized World ◽  
The Impact ◽  
Better Than ◽  
Key Questions

The global economy has been facing a lot of challenges and crisis due to Interlinkage for exchanging goods and services. A race is going on among different nations to become a super powerful country. As a result of which global warming and climate change has been seen throughout the world. A new econometrics has taken over the charge of international politics and that could be seen in the recent developments took place in Korean Peninsula and some part of the world where powerful politicians of the world have been threatening to each other for deep consequences. The Key Questions are, Q.1. What happened in the Middle East?  Q.2. What is happening in Syria and others countries?  Ans. The impact would be more transparent and visible in the coming days. Q.3. What is OBOR (One Belt One Road) of China? Ans. Imposing their excess burdens on other countries on the name of globalization and peace building and making realize the participating countries that you are under my kindness with liabilities(indirect loan). The present paper has tried to find out answers of some questions and also suggests solutions at last. Qualitative thinking is always better than quantitative thinking

scholarly journals «Silk Road of Health» – an innovative and infrastructural basis for the post-pandemic recovery of the world economy

2021 ◽  
pp. 179-195
Author(s):  
Kobiljon Kh. Zoidov ◽  
◽  
Alexey A. Medkov ◽  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
System Analysis ◽  
Silk Road ◽  
Health Economy ◽  
Republic Of China ◽  
The World ◽  
R Project ◽  
Passenger Flows ◽  
The Impact

The study is aimed at analyzing the content and main directions of the formation of the transit health economy on the example of the Chinese Belt and Road Initiative (B&R) and its most important component – the Silk Road of Health (SRH), as well as the measures of the Chinese authorities to combat the spread of the COVID-19 coronavirus pandemic. Goal. To identify and analyze the internal contradictions of the B&R Initiative, which the pandemic has clearly shown, to develop proposals for the mutual linking of the various directions of the Chinese project in relation to the development of the transit economy in Russia. Tasks. Description of the content and main directions of the SRH; analysis of measures to combat the spread of the pandemic carried out by the authorities of the People's Republic of China (PRC), its provinces, as well as Russia, other states involved in the B&R project, in the context of modes of transport and the transport and communication system as a whole in the form of restrictions on export-import and transit cargo and passenger flows, difficulties in crossing borders, ship calls at seaports and crew changes; analysis of the impact of the pandemic and measures to combat it on the development of the transit economy. Methodology. The research uses the methods of world system analysis, evolutionary and institutional theory, economic and mathematical modeling, expert and analytical assessments. Results. It is shown that the pandemic has revealed the relevance and importance of the formation and development of the transit economy of health as a key direction of the post-crisis recovery of the world economy and the Russian national economic system. It was determined that the reorientation of cargo flows to rail transport was particularly evident in the field of transportation, which before the pandemic was carried out by air, i.e., in the segment of expensive goods, for which it is important to reduce the delivery time. It is indicated that an important anti-epidemic measure is the growth and passage of containerized cargo. It was emphasized that the high degree of uncertainty with sanitary standards in China creates nervousness in the market of export and transit cargo transportation. The main directions of the formation of SRH in Russia are outlined. Conclusions. The pandemic has increased awareness of the critical importance of digital connectivity to enhance the adaptive capacity of the global community and the global economy to meet today's challenges. Of all the components of the B&R, the anti-pandemic areas of the Initiative, namely, the SRH, the Digital Silk Road (DSR) and the Green Silk Road (GSR), should have priority. Russia should actively promote its own initiatives and projects for the development of the transit economy of health.

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.

scholarly journals The Impact of the Pandemic on the Global Economy

2021 ◽  
Vol 104 (1-2) ◽  
pp. 230-241
Author(s):  
Tatia Gurtskaia Tatia Gurtskaia ◽  
Karlo Gurtskaia Karlo Gurtskaia
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Government Support ◽  
Economic Losses ◽  
Retail Sales ◽  
Worst Case ◽  
Difficult Situation ◽  
The World ◽  
Travel Restrictions ◽  
The Impact

The pandemic has caused huge damage around the world. To date, more than 100 million people have been infected, more than 2 million have died, bringing us to self-isolation and causing a halt to economic activity as countries have imposed strict travel restrictions to halt the spread of the virus. The economic losses caused by the pandemic, the biggest economic shock in decades. The economic losses caused by the COVID-19 pandemic are largely driven by falling demand, meaning that consumers can no longer buy the goods and services available in the global economy. This situation is clearly evident in such affected areas as tourism and the hotel sector. To stop the spread of the virus, countries have imposed travel restrictions, which means that many cannot purchase tickets for holidays or business meetings. Such a reduction in consumer demand leads to the loss of planned revenue for airlines, they have to reduce the cost of flights, reduce the number of expenses. Without government support, the airline will eventually have to cut staff to cut costs, too. Despite the difficult situation in which the world economy finds itself, there are reasons to avoid the worst-case scenario. From past crises, governments have come to the conclusion that a recession caused by falling demand can be overcome by public spending. Accordingly, the authorities of many countries are increasing the assistance of their citizens and the availability of enterprises to cash, which is necessary for the maintenance of personnel during the pandemic. In addition, as practice shows, some industries benefit even in the face of a pandemic, for example, online retail sales, whose profit in 2020 was $ 3.9 trillion, as well as retail sales of food, government and medical industries have some economic growth that provides compensation for losses. Keywords: Pandemic, COVID-19, World Economy, Globalization, Crisis.

Sign in / Sign up

Export Citation Format

Share Document