scholarly journals The Impact of Globalization on Economic Growth

Economics ◽  
2021 ◽  
Vol 104 (10-12) ◽  
pp. 99-109
Author(s):  
Mariam Dzebisashvili Mariam Dzebisashvili
Keyword(s):  
Economic Growth ◽  
National Economy ◽  
World Economy ◽  
English Word ◽  
Major Influence ◽  
Modern World ◽  
Human Society ◽  
Trade Integration ◽  
The World ◽  
The Impact

Twentieth century for the world economy is associated with a range of processes that involve a broader scope. The important issue in the order is at stake and at the same time the internationalization stage - Globalization. It discusses the developmental processes of the world in the socio-economic context. We are globalized as an accelerating factor. In addition to the destruction, it also contributes to modernization. The English word "globe" means Globe, while "global" - the world. Globalization -the modern English word is to make changes in the world economy and society. More precisely, the globalization of the economy is one of the components of globalization that includes several aspects: • Liberalization of Economics; • Development of trade; • Integration of countries in the modern world community; • To increase the service market; • Make investments. Globalization is a major influence on the economy of all countries. It deals with the process of creation of goods and services, the use of force, investing in "physical" capital, technologies and their spread to other countries. In the end, everything is expressed in the production and labor efficiency. The article-"The Impact of Globalization on Economic Growth" deals with the modern actual issues of globalization and its impact on the national economy. According to the author’s explanation, the globalization is the process of formation the world as an economic, technological, political and cultural entity through conditions of maintaining the statehood and national identity of the concrete countries. Globalization has the objective as well as the subjective features. That’s why the globalization includes unprecedented possibilities for development of human society as so as it threats of its existence. The positive results have been achieved only when any exposures of abuse are excluded and all decisions are received as a result of common consensus. The other trends of globalization might be ended with disaster. Globalization influences all sectors of national economy, including unemployment. In the article into detailed form are discussed the positive and negative sides of influence that globalization has on the national state and economy. In Summary, it seems that globalization involves both the development of human society and its unseen possibilities of the threat of existence. Thus, it becomes necessary in the process of globalization proper management, or implementation of fair globalization. The greatest contribution to this belongs to the leader (big) states. It is on their decisions that globalization does not depend on fate. Key words: Globalization; national economy; unemployment; international labor market.

New Tendency of the World Economy Development

2019 ◽  
Vol 7 (2) ◽  
pp. 4-8
Author(s):  
Леонид Басовский ◽  
Leonid Basovskiy ◽  
Елена Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
World Economy ◽  
Modern World ◽  
Information Economy ◽  
Interconnected System ◽  
The World ◽  
Economic Growth Rates ◽  
Post Industrial ◽  
The Impact

Starting from the 21st century, a new phenomenon has discovered in the world economy - a trend has emerged to form a single world closely interconnected economic system. The formation of a closely interconnected system of the world economy is due to the proliferation of new technological structures, the structures of the new post-industrial, information economy. It is confirmed by an estimate of the average values of the coefficient of correlation of the rates of economic growth of 180 countries of the modern world over ten-year periods. The link between the economic growth rates of the countries of the world began to take shape at the beginning of the XXI century, as evidenced by the increase in the correlation coefficient of the economic growth rates of the countries of the modern world to significant values. The impact of the proliferation of new technological structures, new, post-industrial, information economy structures on the formation of a closely interconnected world economy system is confirmed by the estimates of the correlation between the economic growth rates of the USA, EU, Japan, India and China.

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 Problems of destandardization and precarization of labor in the context of globalization-americanization-deglobalization of the world economy in the XXI century

2021 ◽  
Vol 27 (4) ◽  
pp. 54-65
Author(s):  
Anatoliy Arseienko
Keyword(s):  
World Economy ◽  
Role Model ◽  
Labor Relations ◽  
Developed Countries ◽  
The United States ◽  
Modern World ◽  
Labor Costs ◽  
Digital Capitalism ◽  
The World ◽  
The Impact

The article is devoted to the analysis of the content, essence and social consequences of the transformation of employment in industrially developed countries after the Second World War in the context of globalization - americanization - deglobalization of the world economy. The author pays great attention to exposing the modern mythologization of the digitalization of labor and labor relations in the countries of the global North in order to cover up the true essence of various forms of non-standard work, which has become widespread in the modern world-system within the framework of digital capitalism. At the center of the study and research of the problems of destandardization and precarization of labor in the world of digital capitalism is the digitalization of the world of work and labor relations and the impact of the digital economy on the situation of workers in Western countries, especially in the United States, which has become a role model throughout the world, including the countries with "economies in transition". The author draws special attention to the fact that the introduction of non-standard employment into economic practice in the West was caused by the transition of economically developed countries to the new social structures of accumulation by means of withdrawal, that is, by reducing labor costs within the framework of the neoliberal economy. Based on the study and analysis of foreign sources, the author concludes that the COVID-19 pandemic has become a trigger to the exacerbation of the current systemic crisis of global capitalism, which puts on the agenda the need to search for and implement new, fairer and more humane forms of world order under the slogans of the social movement of alterglobalists "People are higher than profits!" and "Another world is possible!"

scholarly journals Trajectory of Steady Growth or Next Disbalance of Mechanisms of the World Economy

2019 ◽  
Vol 12 (5) ◽  
pp. 64-90
Author(s):  
E. N. Smirnov ◽  
V. N. Kirillov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Interest Rates ◽  
World Economy ◽  
Practical Importance ◽  
Modern World ◽  
Economic Dynamics ◽  
Social And Economic Development ◽  
The World

Main objective of the article – assessment of problems and opportunities of speeding up of world economic growth in the context of the crisis phenomena and turbulence in economy. Complication and reformatting of the economic relations between the countries represents serious challenges for modern economic dynamics. Methodological approach of the authors is based on assessment of the defining influence of new factors on delay of economic activity and economic development. The thesis about the defining impact of international trade on economic growth is called into question. It was analyzed the value and a role of the international companies as growth catalysts in the conditions of new technological revolution. It is established that risks of development of the world economy continue to increase, and the main of them – in decline in labor productivity in the developed countries, uncertainty concerning interest rates and economic policy of the states, the universal growth of sovereign and corporate debt of the states. It is shown that China has the increasing problems with the growth; however the flexibility of its economic policy allows to connect additional mechanisms of speeding up of social and economic development. In the European Union economic growth depends on the solution of problems of consolidation of the budgetary process, decrease in a debt, and in general – on reforming of the existing model of social and economic development. Prospects of economic dynamics will depend in many respects on stability of trade relations between the countries, and on the effective international cooperation directed to overcoming imbalances of the modern world economy. Opportunities and problems of an exit of developing countries to a trajectory of sustained economic growth in the conditions of digitalization and digital transformations in the world economy are estimated. Aggravation of a problem of inequality in the conditions of digitalization of the world economy is possible to overcome, however a number of measures in the sphere of industrial, innovative and regulatory policy is necessary. Also at the international level serious reforms in the sphere of financial regulation and taxation are necessary. The conclusions received as a result of the research have important practical importance as overcoming the problems stated above and also trade political differences between the countries will make economic growth steady and inclusive.

scholarly journals PROCESSES OF GLOBALIZATION OF THE INTERNATIONAL BUSINESS-ENVIRONMENT ARE IN MODERN REALITIES

2017 ◽  
Vol 19 (2(64)) ◽  
pp. 32-36
Author(s):  
A.I. Boiarchuk
Keyword(s):  
World Economy ◽  
Business Environment ◽  
Modern World ◽  
Legal Information ◽  
Nation States ◽  
The World ◽  
Definition Of ◽  
The Right ◽  
National Economies ◽  
The Impact

In the article the influence of globalist processes, widely developing in nowadays world, are analyzed. Because of that the art becomes to be a tool of reach countries to have the right of domination in a world space. Authors argue about positive and negative sides of globalization in this text. The main objective of this paper to analyze in detail the impact of globalization on the world economy. The paper presents the analysis of the nature of the process of globalization in the modern world. Globalization has been analyzed in the following interdependent aspects: economic, territorial. Here are main reasons of globalization. The paper presents two main directions to define of globalization in terms of the behavior of nation-states in the global geopolitical environment. The paper presents the positive and negative influences of globalization on the world economy and national economies in the world. Special attention is paid to the problems associated with globalization for the different states. Globalisation is an incessant process, which lasts a lot of years, but problems, associated with it. Autor dispute among themselves about globalisation and can't create a single definition of this process. Autor argue about positive and negative sides of globalisation in this text. Necessity of formation of uniform economic, legal, information and technological space for realization of free and effective enterprise activity of all subjects of managing has led the Ukrainian economy to to transformation of integration economic processes in a new system condition - globalization of economic communications.

scholarly journals Global constitutionalism as economic the basis for the universalization of national legal systems

2021 ◽  
Vol 7 (1) ◽  
pp. 410-416
Author(s):  
Vitaly Viktorovich Goncharov ◽  
Nadezhda Konstantinovna Gavrilieva ◽  
Nadezhda Ivanovna Gogoleva ◽  
Olga Valeryevna Ignatyeva ◽  
Iurii Sergeevich Shpinev
Keyword(s):  
Social Reality ◽  
Necessary Condition ◽  
Modern World ◽  
Human Society ◽  
Legal Systems ◽  
The World ◽  
Global Constitutionalism ◽  
Legitimate Interests ◽  
The One ◽  
The Impact

  The article studies the influence of global constitutionalism (as a social concept and phenomenon of social reality) on the processes of universalization of national legal systems taking place in the modern world, examines not only the limits and consequences of the impact of this dominant interpretation of social reality on the development of national legal systems, but also the problems that  arise in national societies and states in terms of their preservation and development due to the growth of globalization processes in the world. The authors have developed a number of general principles, the observance and implementation of which will ensure, on the one hand, the preservation and development of national societies and states, and on the other hand, the rights, freedoms and legitimate interests of a person and citizen, which ultimately is a necessary condition for the preservation and development human society in the future.

scholarly journals Branding and modification of consumer behavior during the cardinal transformation of economy

2020 ◽  
Vol 19 (3) ◽  
pp. 285-315
Author(s):  
Vitally I. Cherenkov ◽  
◽  
Svetlana V. Karpova ◽  
Alexander V. Tanichev ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Consumer Behavior ◽  
World Economy ◽  
Sustainable Consumption ◽  
Social Consequences ◽  
Modern World ◽  
Consumer Society ◽  
The World ◽  
The Impact

By applying the thesis about branding as a modificer of consumer behavior under the impact of cardinal changes of the world economy this paper extends our understanding of branding dualism that could lead to sustainable consumption as well as to unsustainable one. The purpose of this paper is to provide knowledge about impacts of two megatrends of the modern world economy on consumer behavior while the world/domestic product market is transforming into the simulacra market, and to contribute to the current discourse about marketing ideology (in other terms — consumerism), irrational consumption, and overconsumption that are stemmed from the profit-oriented marketing wherein the branding plays a role of the powerful booster of unsustainable consumption. Finally, an appeal to academia has been made to search for effective ways to apply branding tools for achieving the goal of sustainable consumption and production. Thematic content analysis explores multiple (mainly international) sources focused on topics of sustainable development, digital transformation, semiotics and emerging simulacrum market, dualism of branding, marketing ideology and consumerism related to modifying the model of consumer behavior. These sources were analyzed through a sustainable development goals lens. Th e research has identified two directions of the branding impact on consumer behavior due to the phenomenon of branding dualism — towards the sustainable consumption or vice versa depending on accepting or rejecting the sustainability branding strategy, respectively. By applying semantic concepts, the simulacra market paradigm diff erent from the real market paradigm is used to assess contemporary changes in consumer behavior. This unconventional investigation into the branding dualism, including the impact of the above-mentioned trends on it, extends the understanding of the marketing up to the sphere of consumer society ideology and highlights the importance of sustainability branding for achieving the goal of sustainable consumption. By integrating semantics concepts into the marketing discipline, this paper explores the dual role of branding in modifying the model of consumption under the impact of world economy megatrends and provides suggestions for business and academia about how best to overcome perceived barriers to sustainable consumption. These insights have relevance to dissimilarities between social consequences of branding in the frame of micromarketing and macromarketing or macrosocial marketing and could help alter consumption practices to make them more sustainable.

The Impact of Non-Cash Payments in Economic Growth

Economica ◽  
2021 ◽  
Author(s):  
Ana Cirlan ◽  
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
Real Time ◽  
National Economy ◽  
Goods And Services ◽  
The World ◽  
The Many ◽  
The Impact ◽  
Development And Evolution

The world of cashless payments is developing at an accelerated pace due to the emergence of innovative payment tools that allow the processing of transactions in real time. This is the result of decades of development and evolution, and changes in information technology have had an impact on all aspects of life, including methods of paying for goods and services. The analysis of the impact of cashless payments on economic growth is justified by the many benefits they bring. In this context, it is essential to emphasize the need to implement measures that would help promote cashless payments, which in turn will help streamline the functioning of several branches of the national economy thanks to the transparency they provide.

Civilization challenges to global economic development

2020 ◽  
pp. 131-142
Author(s):  
Maksym A. Zhyvko ◽  
Andriy R. Zastavnyy ◽  
Oleh V. Ivashchuk
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Developed Countries ◽  
Survey Study ◽  
Main Element ◽  
Modern World ◽  
Negative Consequences ◽  
The World ◽  
The Impact ◽  
Religious Differences

The geospace stratification substantiate and its spatial differences reveal based on the analysis of the economic growth dynamics. The impact of the COVID-19 pandemic on the slowdown in economic growth confirmed and its negative consequences for the investment sphere clarified, because the ability of countries to respond adequately to these processes is different. It has been determined that under the globalization influence, the world acts as a single whole, and the core of developed countries and the periphery is formed as well as local civilizations are transformed. Attention focuses on the research of the values problems that determine the state of society development. The research of the essential characteristics of civilizations carried out and the ideas of the main European civilizational schools characterized. Based on M. Rokeach’s concept, the features that characterize values are determined. It confirmed the values that dominate in society are the main element of culture. The model for measuring the cultural variability of the cross-cultural plane, which was developed by the Dutch psychologist G. Hofstede, is detailed, and the influence of cultural characteristics on the new economy formation is analyzed. The «World Values Survey» study has been assessed. It confirmed that, due to the impossibility of full-fledged self-realization of the individual, migration processes activated and their analysis shows a tendency towards growth. It substantiated that in the modern world the questions about the nature of the socio-cultural integrity of civilizations and civilizational ecumene, associated with religious differences and demographic processes, remain unresolved. An assessment of the demographic situation in the world carried out and its growing dynamics and regional asymmetries clarified. A spatial analysis of the distribution of countries in the global space with dominant religions carried out and the main trends in the world religions development revealed. The role of strengthening the intangible component in the structure of modern economic reproduction argues. It confirmed that the potential of the countries and the world development as a whole takes place in the process of deepening cross-civilization-integration processes. The main civilizational challenges of global economic development are formulated, they are formed under the multi-vector processes in the world, including: spatial asymmetry of countries’ development, universalization of values, socio-cultural differences, ethnic problems, religious differences, demographic and migration processes.

The Problem of Factors that Determine the Economic Development of Modern Russia

2018 ◽  
pp. 37-41
Author(s):  
Елена Басовская ◽  
Elena Basovskaya ◽  
Леонид Басовский ◽  
Leonid Basovskiy
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth Rates ◽  
World Economy ◽  
Political Factors ◽  
The World ◽  
Before And After ◽  
Economic Growth Rates ◽  
The Impact ◽  
To Receive

In the economy of Russia after the crisis of 2008–2009 systemic changes were occurred. In the period before this crisis, Russia experienced economic growth, which was faster than the growth rate of the world economy, then after the crisis, economic growth rates do not exceed the growth rates of the world economy. To identify the reasons and factors for changing the model of economic development of the country, a project for researching the economy before and after the crisis of 2008–2009 is proposed. It is proposed to receive quantitative assessments of the impact of economic, socio-economic, political factors and other significant factors that determine productivity, differing by region of the country, by building econometric models of productivity in the form of expanded production functions.

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