Global regulation of economy: modern potential and the possibility of transformation

2015 ◽  
Vol 2015 (6) ◽  
pp. 3-16
Author(s):  
Elena Mazurova
Keyword(s):  
Global Economy ◽  
International Governance ◽  
Structural Reforms ◽  
International Regulation ◽  
Global Institutions ◽  
Theoretical Approaches ◽  
Modern System ◽  
Regulation Mechanisms ◽  
National Economies ◽  
Development Prospects

This article discusses the modern system of international regulation of global economic processes. It examines theoretical approaches to the international governance of the global economy and assesses the international regulation mechanisms of such global institutions as the IMF, WTO, G-8 and G-20 in conjunction with structural reforms of national economies in the post-crisis period. The article also analyses development prospects of the mixed (national and non-national) mechanisms of regulation.

scholarly journals CURRENT TRENDS IN ENSURING THE COMPETITIVENESS OF COUNTRIES IN THE GLOBAL ECONOMY

2020 ◽  
pp. 55-63
Author(s):  
Tetiana Marchenko ◽  
Vitalii Okhota
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
World Economy ◽  
National Interests ◽  
National Importance ◽  
Theoretical Approaches ◽  
Modern Development ◽  
The World ◽  
Economy Globalization ◽  
National Economies

Introduction. Modern development of the world economy and especially the processes of globalization of the world economy, increasing the interdependence of economies, the formation of global commodity and financial markets have led to increased interest in the problem of increasing the competitiveness of countries involved in these processes. Issues of competitiveness at the level of the economy in the degree of urgency are among the issues of national importance, as they are closely linked to the achievement of dynamic economic development of the country and improving the living standards of its population. Methods. The theoretical and methodological basis of the study is the fundamental provisions of economics, the work of domestic and foreign economists to study the competitiveness of countries in the global economy. Materials of publications in periodicals, monographs on the researched problem are used in the article. Results. The main theoretical approaches to determining the competitiveness of countries in the global economy are considered in the article. The main functions of the state in strengthening the position of competitiveness of countries in the context of strengthening globalization are highlighted. Ukraine's positioning in the ranking of countries by the level of globalization is made and proposals are made to increase its competitiveness in the global economy. Discussion. The analysis of the positions of competitiveness of countries in the global economy provides an opportunity to deepen the theoretical and methodological foundations and development of practical recommendations for improving the competitiveness of Ukraine, which forms the prospects for further scientific research. Key words: competitiveness of countries, global economy, globalization, national economies, national interests, internationalization, economic development.

The Business Environment as a Global Village

2019 ◽  
pp. 118-131
Author(s):  
Sahidi Maman Bilan
Keyword(s):  
Cultural Differences ◽  
Global Economy ◽  
Business Environment ◽  
Global Village ◽  
Global Institutions ◽  
System A ◽  
Micro Level ◽  
National Economies ◽  
Transportation Technologies ◽  
Levels Of Integration

Globalisation is thought of as the fast-growing move towards a world in which national economies are merging into an interdependent global economic system. A more business view of globalisation conceives it as a process by which industries transform themselves from multi-national to global competitive structures. ICT, transportation technologies and global institutions have played a determinant role in the phenomenon of globalisation. Various levels of integration have been established. Globalisation of companies has been identified as the micro level, whereas the interconnectedness of economies is termed as the macro level of globalisation. The merging of businesses is referred to as the meso level. Thus, all these levels must be differentiated when dealing with its issues and should be understood as different interrelated stages. If at the heart of globalisation is the interdependence and integration of the national economies into global economy, does it also mean that cultural differences for instance have been subsumed or sublated?

scholarly journals STRATEGIC PRIORITIES OF SOCIO-ECONOMIC DEVELOPMENT UKRAINE IN THE CONTEXT OF GLOBAL CHALLENGES

2020 ◽  
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Current Model ◽  
Theoretical Approaches ◽  
The World ◽  
International Economic Cooperation ◽  
The Face ◽  
Economic Stabilization ◽  
National Economies ◽  
The Impact

Globalized challenges of the world economy have created an objective need for Ukraine to develop in the face of the country’s lack of preparedness for global competition and integration. The development of the economy of Ukraine in the context of globalization is taking place in a context of incomplete systemic socioeconomic and political transformation and poses problems related to the optimal integration of the economy of the country into the global economy. At the same time, the impact of globalization processes calls for new theoretical approaches to justify the structural transformation of a country’s economic development model. The directions of globalization for national economies are quite complex and contradictory. Globalization is deepening specialization and cooperation globally and the international division of labor. International competition stimulates the development of innovative processes and state-of-the-art technologies through technology transfer among countries of the world. The current model of development in Ukraine is characterized by significant deformations of the economy: fragmentation of technological space, excessive social differentiation, increased poverty, unemployment and a reduction in the population, The Russian Federation is a country with many countries, which have been affected by human-made environmental degradation and overload, the shrinking of the domestic market and the national economy, the rise of the shadow economy, the rise of corruption, etc. All this points to a structural imbalance in the Ukrainian economy. The further intensification of globalization processes will exacerbate the problem of national identity, The solution of which many countries see the strengthening of State influence on international economic cooperation through the introduction of protectionist measures in the areas of trade, migration and investment, that in turn will contribute to the strengthening of geo-economic and geopolitical tensions in the world. In this context, there is a need to establish new principles for world economic stabilization and development.

Our Debts Heavy... (on the Monograph “Debt as a Phenomenon of the XXI Century”)

2015 ◽  
pp. 152-159 ◽  
Author(s):  
T. Leonova
Keyword(s):  
European Union ◽  
Economic Development ◽  
Global Economy ◽  
Debt Financing ◽  
The European Union ◽  
National Economies

Lending capital, credit and debt financing have been around and used to fuel economic development since the time immemorial. There are innumerable studies by international and Russian scholars that look into the evolution of these notions and lending instruments employed. The collective monograph edited by A. Porokhovsky and published by the MSU in 2014 intends to provide an all-around political and economic as well as applied review of the current debt issues faced by the global economy, national economies of Russia, U.S.A. and countries of the European Union. It uses a variety of academic and methodological postulates that range from the reproduction approach to modern macroeconomic doctrines.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

The Shadow Society and Its Fictitious Capital

2018 ◽  
Author(s):  
Louçã Francisco ◽  
Ash Michael
Keyword(s):  
Social Movements ◽  
Economic Crisis ◽  
Global Economy ◽  
Democratic Governance ◽  
Professional Expertise ◽  
Conservative Movement ◽  
Electoral Success ◽  
Fictitious Capital ◽  
Equitable Outcomes ◽  
National Economies

The concluding chapter surveys the prospects for more democratic governance of national economies and more equitable outcomes in the global economy. The backdrop for the chapter is the marriage of shadow finance with the conservative governments that have achieved electoral success on the basis of popular dissatisfaction with the response of neoliberal governments to the global economic crisis. The conservative movement and its governments are incoherent and unwilling to address, even in terms of modest reform, the power of finance and its responsibility for inequality and crisis. Effective reform could emerge from the union of professional expertise, whose commitment to technocratic aspects of the neoliberal project may have weakened, with democratic social movements.

Altruism Economy as a Higher Step of Social Synthesis

10.12737/4895 ◽  
2014 ◽  
Vol 3 (1) ◽  
pp. 69-78
Author(s):  
Свирчевский ◽  
Vadim Svirchevskiy
Keyword(s):  
Public Policy ◽  
Economic Development ◽  
Economic System ◽  
Alternative Model ◽  
Global Economy ◽  
Common Problems ◽  
National Economies

Deepening civilizational divide and growing intensity of confrontation among countries of different economic might, as well as aggravating pressure on environment call for choosing an alternative model of economic development. Altruistic economics is a model of global economy based on panhuman priorities. But to implement such a model, certain supranational social synthesis is needed, that is, unification of a number of nations in order to cope with common problems. Accompanying challenges are multi-faceted, while basically feasible. The paper discusses problems of choosing public policy priorities, related to public functions, in the context of globalizing economy. Realization of these priorities is essential for developing such an economic system, which is doctrinally capable not only to reconcile interests of different classes (strata) but also to harmonize development of various national economies.

scholarly journals DETERMINANTS OF INNOVATIVE DEVELOPMENT OF NATIONAL ECONOMIES IN GLOBALIZATION CONDITIONS

2018 ◽  
pp. 121-131
Author(s):  
R. Bilyk
Keyword(s):  
National Economy ◽  
Modern World ◽  
High Tech ◽  
Innovative Development ◽  
Competitive Advantages ◽  
Innovation Development ◽  
Theoretical Approaches ◽  
World Markets ◽  
World Economic ◽  
National Economies

The article deals with theoretical approaches to the essence of innovation development, its role in the formation and enhancement of international competitive advantages of the national economy in world markets. The problems of innovative development in the countries with a transformational economy, in particular Ukraine, are analyzed, the role of globalization in modern world processes is emphasized. The main factors of formation of innovation competitiveness of the national economy are investigated. Their influence on the development of innovation environment in Ukraine is considered. On the basis of the analysis, the ways of improving the innovation and investment climate in Ukraine and the possibilities of its integration into the world economic, scientific and technological space are outlined. The necessity of forming a long-term competitive strategy for Ukraine and carrying out radical reforms as the basis for the implementation of sustainable innovation development is substantiated. Modern tendencies in the development of production of innovative and high-tech products in Ukraine are researched. The results of using innovative potential in the development of high-tech branches of economy are analyzed. The recommendations for solving the main problems of increasing its export potential connected with insufficiency of investment support, imperfect innovation development and mechanisms of technology transfer are substantiated.

scholarly journals Analysis of the Fama-French Model (FF5) Factor on the Food Industry under the COVID-19 Epidemic

2021 ◽  
Vol 13 ◽  
pp. 270-275
Author(s):  
Shiyun Yang ◽  
Zijia Cheng ◽  
Zihan Xia
Keyword(s):  
Market Segmentation ◽  
Global Economy ◽  
Food Industry ◽  
Factor Model ◽  
Five Factor Model ◽  
Current Status ◽  
Before And After ◽  
The Impact ◽  
Development Prospects ◽  
Three Factor

Due to the impact of the COVID-19 epidemic, the global economy has been affected to some extent in all aspects, with the food industry bearing the brunt. However, the specific research on the stock market segmentation industry is relatively lacking. This article aims to analyze the food industry's current status and development prospects by discussing the Fama-French three-factor model and five-factor model before and after the epidemic in the food industry and put forward constructive opinions on this. The analysis will use the method of coefficient comparison and effectiveness comparison to analyze the food industry's coefficients before and after the epidemic in the same model and model differences and combine the background of the industry to get the reasons for these differences.

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