Price and Trade Mechanism for Palm and Soybean Oils: A Comparative Analysis of Economic Development between Asia and Contemporary World

2014 ◽  
Vol 9 (1) ◽  
pp. 1-11
Author(s):  
Abul Quasem Al-Amin ◽  
Gazi Mahabubul Alam ◽  
Yap Su Fei ◽  
Mohammad Nurul Azam ◽  
Yousif Osman Karim
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Soybean Oils ◽  
Contemporary World

Financial Systems and economic Development in the Russian Regions: A Comparative Analysis

2015 ◽  
pp. 94-108 ◽  
Author(s):  
K. Krinichansky
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Financial Development ◽  
Public Debt ◽  
Fixed Capital ◽  
Russian Regions ◽  
Growth Mechanisms ◽  
Financial Systems ◽  
Debt Market ◽  
Regions Of Russia

The paper identifies and assesses the closeness of the connection between incremental indicators of the financial development in the regions of Russia with the incremental regional GDP and the investment in fixed capital. It is shown that the positioning of the region as an independent participant of public debt market matters: the regional GDP and investment in fixed capital grow more rapidly in the regions which are regularly borrowing on the sub-federal bonds market. The paper also demonstrates that the poorly developed financial system in some regions have caused the imperfection of the growth mechanisms since the economy is not able to use the financial system’s functions.

Non-standard functions and structures of ministries of finance under economic challenges: A case study of Western governments

2020 ◽  
Vol 26 (11) ◽  
pp. 2448-2471
Author(s):  
S.V. Anureev
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Comparative Analysis ◽  
Great Britain ◽  
Central Banks ◽  
Economic Recovery ◽  
Budget Process

Subject. This article examines the functions and management structures of central financial bodies and related parliamentary and governmental structures in Australia, Canada, Great Britain, Japan, Germany, France and Italy. Objectives. The article aims to identify non-standard functions and structures that go beyond the classical responsibility of finance ministries as a central part of the budget process arising from current economic challenges. Methods. For the study, I used a comparative analysis. Results. The article describes the important new functions of financial authorities and treasuries of Western governments aimed at economic growth and economic recovery. Conclusions. The organizational and management structures and functions of the ministries of finance go far beyond the budget process, overlap with and dominate the functions of central banks and ministries of economic development.

Commonalities and differences of tax systems in West Balkan countries Comparative analysis

2015 ◽  
Vol 3 (1) ◽  
pp. 155 ◽  
Author(s):  
Teuta Balliu ◽  
Aida Gaçe Llozana
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Foreign Direct Investments ◽  
Fiscal Policies ◽  
Fiscal Discipline ◽  
Tax System ◽  
Revenue Collection ◽  
Balkan Countries ◽  
The Subject ◽  
Tax Systems

Countries of former Yugoslavia and Albania are considered as countries with many common problems as well as changes, which in this context are regarded as insignificant. On their way towards development, these countries are characterized by common problem, among which the most sensitive have been and still remain, unemployment, increasingly compressed public administration, unjustified optimism when planning the budget, mismanagement of public finances and poor fiscal discipline which mostly depends on being or not an election year. In these countries we notice the lack of harmony between economic and fiscal policies and the real needs of the economy. This is seen as other major common ofWest Balkan countries. This similiarity of problems narrows the possibility of competition associated to the foreign investment absorbing capacity. But, which is the moacroeconomic picture in the countries of West Balkan? What are their tax systems? How much are the foreign direct investments? Does the tax system serve as a promoter for these invvestments? This paper represents a comparative analysis of the fiscal systems in the countries of this region. The subject of this paper is the protection with arguments of the economic and fiscal policy which are built for the economic development of a country. This because we are given that there are two types of experiences related to tax system, one of which handles taxes as instruments for revenue collection and the other as a promoter factor for economic development.

Comparative analysis of the trade policy of Barack Obama and Donald Trump

2020 ◽  
pp. 59-71
Author(s):  
V. Iordanova ◽  
A. Ananev
Keyword(s):  
United States ◽  
Economic Development ◽  
Comparative Analysis ◽  
Trade Policy ◽  
World Economy ◽  
The United States ◽  
Barack Obama ◽  
Scientific Article ◽  
Donald Trump ◽  
Entire World

The authors of this scientific article conducted a comparative analysis of the trade policy of US presidents Barack Obama and Donald Trump. The article states that the tightening of trade policy by the current President is counterproductive and has a serious impact not only on the economic development of the United States, but also on the entire world economy as a whole.

Material costs in productural productivity structure: world trends and impact on development of the domestic economy

2019 ◽  
Vol 39 (2) ◽  
pp. 196-205
Author(s):  
N. V. Firov
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Natural Resources ◽  
National Economy ◽  
Raw Materials ◽  
The State ◽  
Domestic Economy ◽  
Western Countries ◽  
Material Costs

A comparative analysis of the prices of raw materials, fuel, electricity in Russia and Western countries, the dynamics of their growth and impact on the national economy. It is shown that in the interests of the country's economic development and improving the welfare of the population, it is necessary to use its natural resources more effectively, to pursue a more stringent and at the same time balanced policy to curb the growth of prices, taking into account the interests of the state and business.

scholarly journals Singapore: Reflections and Implications of Another Smart State

2003 ◽  
Vol 10 (1) ◽  
pp. 53-69 ◽  
Author(s):  
Clive Edwards
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Direct Investment ◽  
Political Leadership ◽  
The Political ◽  
Political Leaders ◽  
Contemporary World ◽  
Michael Porter ◽  
State Initiatives ◽  
The Development Strategy

The objective of this paper is to analyse key elements of the development strategy of Singapore since the mid–1960s. The paper describes the economic challenge faced by Singapore in the mid–1960s, overviews contemporary world trends in foreign direct investment, and uses competitiveness constructs developed by Michael Porter (1985) to clarify key stages in the evolution of Singapore's development strategy. The paper argues that the strategy has been successful because of unremitting top priority given to it by Singapore's political leadership and because the political leaders charged a single organisation, the Economic Development Board (EDB), with absolute authority to develop and implement the strategy. The paper concludes with implications for Queensland's Smart State initiatives.

scholarly journals Waste management based on circular economy principles

2020 ◽  
Vol 177 ◽  
pp. 04014
Author(s):  
Olga Guman ◽  
Ekaterina Wegner-Kozlova
Keyword(s):  
Economic Development ◽  
Waste Management ◽  
Circular Economy ◽  
Environmental Safety ◽  
Contemporary World ◽  
Treatment Techniques ◽  
Non Linear ◽  
Economic Collaboration

Waste management has strategic implications in contemporary world. The demand in combination of economic development with environmental safety is urging to focus on capacities of non-linear economy. Waste management should redirect its efforts to reduction, recycling and treatment techniques, which view the wastes as resources. The goal of this paper is to study theoretical and practical issues of waste management based on circular economy principles from perspective of cross-disciplinary eco-economic collaboration.

scholarly journals Current trends, foreign economic development strategies, and competitiveness of transnational corporations of Japan, China and Southeast Asia: comparative analysis

2020 ◽  
Vol 28 (3) ◽  
pp. 465-478
Author(s):  
Yana V. Mishchenko
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Southeast Asia ◽  
Quantitative Research ◽  
Significant Contribution ◽  
Descriptive Analysis ◽  
Transnational Corporations ◽  
International Exchange ◽  
Investment Strategies ◽  
Quantitative Research Methods

The purpose of this research is a comparative analysis of modern strategies for foreign economic development and transnationalization of large businesses in Japan, China, and Southeast Asia. The article analyzes modern investment strategies and the main trends in the activities of transnational corporations in these countries. The relevance of the article is due to the important role of TNCs in the international exchange of foreign direct investment, their significant contribution to improving the socio-economic level of their home countries, as well as strengthening and expanding trade and economic ties between the states of East Asia. When preparing the work, we used such quantitative research methods as statistical analysis, ranking, comparison. We use theoretical (descriptive analysis, content analysis) and empirical (working with official documentation) methods for collecting information. Official publications and materials of the UN Conference on Trade and Development (UNCTAD), as well as the work of Russian scientists and researchers, made a significant contribution to the theoretical and factual base of the study. The article compares the total volume of assets held by corporations in the countries under consideration and the volume of foreign assets. The author analyzes the spheres of economy in which their TNCs are engaged and attempts to identify their international specialization. Singapore and Malaysia are defined as the Southeast Asian countries that are most successfully developing the process of transnationalization of large businesses; however, business transnationalization is uneven in the sub-region. Various motives for the transnationalization of large businesses in the compared countries are highlighted, as well as modern examples of their investment interaction, mergers, and acquisitions conducted by East Asian TNCs.

scholarly journals COMPARATIVE ANALYSIS OF CLUSTER INSTRUMENTS OF ECONOMIC DEVELOPMENT IN UKRAINE AND VIETNAM

2021 ◽  
Author(s):  
Le Tkhi Myn Khuiien ◽  
Yuriy Nikolayev
Keyword(s):  
Economic Development ◽  
Comparative Analysis ◽  
Industrial Clusters ◽  
Practical Implementation ◽  
Efficient Operation ◽  
Industrial Parks ◽  
Legislative Framework ◽  
Strategic Goals ◽  
Tax Benefits ◽  
The City

Comparative analysis of cluster instruments for economic development of Ukraine and Vietnam is carried out. The study showed that the absolute majority of the clusters operating in Ukraine have significant strategic gaps between strategic goals and resources for their implementation. In order to eliminate strategic gaps, a set of practical recommendations has been substantiated, which generally consists of the following main elements: inclusion in the current legislation of the concept of "innovative industrial cluster of the sixth technological order"; providing the subjects of such clusters with innovative tax benefits; provision of concessional lending for intra-cluster innovation projects. In terms of the effectiveness of the use of cluster instruments for economic development, Vietnam is significantly ahead of Ukraine. The highest efficiency of cluster development was achieved in Vietnam for fourteen of the sixteen positions we analyzed, and in Ukraine, the highest efficiency was not achieved for any position. For each of the ten cluster instruments of economic development that are not used in Ukraine, we substantiated the feasibility and effectiveness of their implementation in our state. In order to introduce each of the most important cluster instruments of economic development, an appropriate legislative framework should be created in Ukraine, as well as a system of by-laws for its practical implementation. Vietnam has been well done in the cluster industrial policy. To the end of 2020, there are 260 industrial parks in the whole country (besides, there are some industrial parks acquired licensing but not yet constructed or having planned but not yet approved). Hanoi plans to build 43 industrial clusters in 2021. To ensure efficient operation of industrial clusters, Hanoi would provide supporting policies for enterprises and business households relocating their operation into industrial clusters, while setting up a list of service fees for all industrial clusters in the city. Hanoi plans to further promote investment and higher occupancy rate in industrial clusters, gradually transforming the current management model towards greater efficiency in operation of industrial clusters.

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