scholarly journals Development trends of the current global economy

2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Global Economy ◽  
Industrial Revolution ◽  
Developed Countries ◽  
World Market ◽  
Economic Convergence ◽  
African Countries ◽  
Current Trends ◽  
The World

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.

Features of economic development of entrepreneurship in suburban areas of the region

2020 ◽  
pp. 22-25
Author(s):  
Viktoriya Bondarenko
Keyword(s):  
Economic Theory ◽  
Economic Development ◽  
National Economy ◽  
Geographic Area ◽  
Developed Countries ◽  
World Market ◽  
Production Costs ◽  
Goods And Services ◽  
Suburban Areas ◽  
The World

The level of economic development of entrepreneurship in any country in the world is crucial in increasing the competitiveness of the national economy in the world market of goods and services. The activities of economic entities are the driving force for the sustainable development of regions and their suburban areas, and they also impact the welfare of population. The article dwells on the analysis of scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. The article analyzes the scientific approaches to the regulation of economic development of enterprises in suburban areas of the region. According to the well-known classics of the fundamental economic theory of entrepreneurship development (A. Smith, D. Ricardo, V. Laungard, A. Loria) the peculiarities of economic development of entrepreneurship in suburban territories of the region are determined by the possibility of distribution of surplus production, minimum production costs per unit of production, availability of labor resources. In modern economic theory (M. Weber, A. Pre, S.M. Kimelberg, E. Williams, C. Vlachou, O. Iakovidou, J. van Dijk, P. Pellenbarg) the development of entrepreneurship in suburban areas of the region can be determined by institutional, innovation, technological, social, ecological and other features of the economy at the regional, state or world levels. The complex and comprehensive generalization of the features of economic development of entrepreneurship in suburban areas is proposed. There are (1) the type of decision taken by an enterprise to carry out business activities in the relevant suburban area of the region, and (2) the influence of internal and external factors on economic activity. The article argues that large enterprises are guided by more objective decision-making reasons, attaching the most importance to the physical and innovative environment. Medium and small enterprises are mainly focused on getting benefits for the entrepreneur in the short-term time period and location in the nearest geographic area. The attention was paid to the tools of ensuring economic development of entrepreneurship in suburban areas of the region, taking into account institutional changes in the national economy and the experience of developed countries of the world.

ICT in Regional Development

2005 ◽  
pp. 387-392
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

A Study on the Economic Benefits of Globalization: Focusing on the Poverty and Inequality between the Rich and the Poor

2009 ◽  
Vol 12 (2) ◽  
pp. 191-214 ◽  
Author(s):  
Sang-Hyup Shin
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Developed Countries ◽  
Economic Benefits ◽  
Global Poverty ◽  
The Poor ◽  
Poverty And Inequality ◽  
The World ◽  
The Rich ◽  
The Developed Countries

Globalization is now well recognized by many as an inescapable feature of the world today. In particular, in the middle of global economic crisis globalization is one of the hot issues drawing much attention from countries around the world. There are contradictory perspectives on globalization. There are many sweeping statements that assert that economic globalization is increasing global poverty and inequality between the rich and the poor in the world. There are also many others who insist that the poverty and inequality issues have been resolved in some sense through globalization. In order to find the answer to the question, firstly the meaning of globalization was fully explained. Based on the understanding of globalization, the questions such as how globalization has contributed to reduce the economic gap between the developed and the developing countries, and to reduce the poverty by analyzing the economic growth, the number of people living below the absolute poverty line and so on were analyzed. The reasons why globalization is a good opportunity for some countries while some other countries get not something from the globalization was also discussed in this research. We found that globalization has contributed to reduce global poverty and to increase the welfare of both the developed and developing countries. However globalization has impacted different groups differently. Some have benefited enormously, while others have borne more of the costs. The developed countries could get more economic benefits from the less developed countries through globalization. This means, inequality between the rich and the poor countries still remained as a serious threat in the global economy. And even among the developing countries globalization has impacted differently. The trends toward faster growth and poverty reduction are strongest in developing economies that have integrated with the global economy most rapidly, which supports the view that integration has been a positive force for improving the lives of people in developing countries There are two main reasons for the inequality existing between the developed and developing countries. The fist one is the difference of economic size and power between the developed countries and the developing countries started to exist from the late 18th century. The second one is the differences in the management skill in taking advantage of the globalization.

scholarly journals Research a Prerequisite for Development: Challenges in Nigeria and Possible Solutions

2018 ◽  
pp. 1-6
Author(s):  
M. A. Emakoji ◽  
K. N. Otah
Keyword(s):  
Developing Countries ◽  
Industrial Revolution ◽  
National Development ◽  
Developed Countries ◽  
Daily Basis ◽  
Clear Cut ◽  
The World ◽  
Conducting Research ◽  
The Developed Countries ◽  
Reduced Rate

The world is so dynamic and fast growing, things keep changing on a daily basis and as such, has experienced different phases of industrial revolution. Consequent to this, many countries have had their names listed among the developed countries of the world based on their economic development, while others are listed among the developing countries of the world. The secret of the developed countries no doubt, is rooted in the quality of research being carried out. However, one begins to wonder, are the developing countries not actually involved in research? This paper seeks to identify the challenges of conducting research and to suggest possible solutions in overcoming these challenges with a view to making Nigeria enlisted among the developed countries of the world. Difficulty in Accessing Funds, Absence of a Clear Cut Philosophy of National Development, Frequent disruption of Academic Calendar of our Tertiary Institutions, Reduced Rate of Mentoring Junior Researchers by Experienced and Senior Researchers, Braindrain, Lack of Motivation and Incentives for Researchers, Insecurity, Unsatisfactory Mode of Functioning Libraries.

scholarly journals How Does the Global Economy Crisis Influence in Managing Investment in Indonesia

The Winners ◽  
2012 ◽  
Vol 13 (2) ◽  
pp. 147
Author(s):  
Enggal Sriwardiningsih
Keyword(s):  
Developing Countries ◽  
Emerging Markets ◽  
Global Economy ◽  
Developed Countries ◽  
Subprime Mortgage ◽  
Poor Countries ◽  
Mortgage Crisis ◽  
The World ◽  
Liquidity Crisis ◽  
Growing Economy

July 2007 is the beginning of the world’s subprime mortgage crisis. Since then, the world’s liquidity crisis occurred and never found any solution until now. The liquidity crisis began to spread from developed countries to poor countries, developing countries and emerging markets with two channels. This contagious crisis made growing economy and emerging economy fell. No country in the world survived, including Indonesia. This paper discussed the management of investments in Indonesia. It started from the spread of global crisis to Indonesia and its impact on investment in Indonesia. Then, we discussed the government's efforts to encourage investment. The last was the view of the investment for the next three years (2010-2014)

ICT in Regional Development

2008 ◽  
pp. 351-358
Author(s):  
Saundarjya Borbora ◽  
Mrinal Kanti Dutta
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Regional Development ◽  
Developing Economies ◽  
Developed Countries ◽  
The World ◽  
Information And Communication ◽  
Increase Productivity ◽  
Internet Connections ◽  
The Developed Countries

Economic development and information and communication technology (ICT) are found to move together in the present day era of globalization. ICT can contribute significantly in economic development of a region by providing adequate information at the minimum of time and cost, thereby enhancing productivity in different sectors of an economy. This fact is substantiated by several studies (Kraemer & Dedrick, 2001; Pohjola, 2001). Some country specific studies like that of Singapore (Wong, 2001) also highlighted similar results. ICT diffusion in the world has been quite rapid since the mid 1990s. While the developed countries have benefited substantially from the ICT growth, the developing countries could not reap similar benefits out of it which has resulted in emergence of a digital divide across the countries (Economist, 2000; Nkrumah, 2000; Norris, 2001). This divide is noticed not only across countries but also within a country and this is more prominent in developing economies like India. ICT diffusion is another area which needs more attention in India as it will lead to ICT access and application of ICT in real sectors to increase productivity and output. During the past one decade India has made rapid advances in ICT growth as reflected in the increase in the number of Internet connections and users. The growth of Internet connections and users in the country is shown in Table 1.

Commercial approach to rivers

2020 ◽  
pp. 21-59
Author(s):  
S. Nazrul Islam
Keyword(s):  
Developing Countries ◽  
Latin America ◽  
Large Scale ◽  
Industrial Revolution ◽  
Developed Countries ◽  
The World ◽  
The Developed Countries ◽  
Statistical Summary

Chapter 2 reviews the origin and spread of the Commercial approach to rivers. It explains the origin of this approach in the first Industrial Revolution, which provided human societies both the commercial motive and the machine power required to undertake large-scale frontal and lateral interventions in rivers. The chapter catalogues various types of frontal intervening structures—including dams, barrages, and weirs—that the Commercial approach deploys to achieve its purpose. The chapter then follows the spread of the frontal version of the Commercial approach across the world, beginning with the developed countries and then the developing countries in Asia, Africa, and Latin America. The chapter ends by providing a statistical summary of the global picture regarding dams and barrages, which are the main instruments of the Commercial approach to rivers.

scholarly journals Can It Be Both Economically and Morally Rewarding to Invest in Developing Countries?

2005 ◽  
Vol 5 (2) ◽  
pp. 1850035 ◽  
Author(s):  
Ricardo Gottschalk
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Developing World ◽  
Developed Countries ◽  
Global Development ◽  
Socially Responsible ◽  
Responsible Investment ◽  
The World ◽  
Moral Case ◽  
Development Objectives

This paper argues that investing in developing countries can be both economically and morally very rewarding. It firstly shows that historically capital invested in developing countries has obtained higher returns than invested in developed countries. It secondly argues that there is also a moral case for investing in developing countries. It would accelerate economic development in the poorer areas of the world, thereby promoting global development. It finally suggests that the socially responsible investment (SRI)initiative could be broadened to incorporate development objectives more explicitly, thereby serving as a conduit to more investment to the developing world.

scholarly journals KETAHANAN PANGAN PADA ERA GLOBALISASI DAN OTONOMISASI

Agro Ekonomi ◽  
2016 ◽  
Vol 8 (2) ◽  
pp. 1
Author(s):  
Sri Widodo
Keyword(s):  
Developing Countries ◽  
Food Availability ◽  
Developed Countries ◽  
World Market ◽  
The Self ◽  
World Population ◽  
Rice Market ◽  
Self Sufficiency ◽  
The World ◽  
Stock Policy

Food security deals with food availability, accesscibility and stability. Food availability can be from domestic production and import. Although the production of cereals in developing countries almost equal to the production in developed countries, the much greater population of almost 79 % of the world population, the self sufficiency rate of cereals in developing countries is only 91% and to be net importer, while the self sufficiency rate of the developed countries, are more than 100 % (108 %). There are some exception for several developing countries to be big rice exporters such like Thailand, Vietnam, India, China and Pakistan.Cereal staple foods in developing countries is dominated by rice especially in East and South Asia, includes Indonesia. International rice market is characterized with oligopolistic since only six big exporting countries supllying the international rice market.After experiencing rice self sufficiency in 1984 – 1994 Indonesia have been net rice importer again, even in 1998 21% of marketed rice ini the world market were imported by Indonesia. There should be a policy to increase production to a certain rate of rice self sufficiency that will not influence the world rice market equilibrium.The food accessibility depend closely on the wider economic condition such as income distribution, poverty and unemployment, Government intervention is needed toreduce instability including to protect from the international market instability by flexible tariff. Stabilizing the seasional price fluctuation by floor price and ceiling price policy combined with buffer-stock policy had been successful. However, there should be a modified policy toward more liberized without import monopoly

scholarly journals A review of existing pension services in developed and developing countries

2021 ◽  
Vol 258 ◽  
pp. 05040
Author(s):  
Zafar Beknazarov ◽  
Davron Rustamov
Keyword(s):  
Developing Countries ◽  
Global Economy ◽  
Pension System ◽  
Developed Countries ◽  
The World ◽  
Developing And Developed Countries

This paper examines the experience of organizing the pension system in developing and developed countries and develops recommendations for further improving the national pension system considering the specifics of the global economy. Besides that this paper aims at briefly comparing the indicators of average pensions in the world.

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