Contemporary Challenges of International Economic Relations

2019 ◽  
pp. 152-167
Author(s):  
Vesna Petrovic
Keyword(s):  
International Economic ◽  
Developing Economies ◽  
Developed Countries ◽  
Global Changes ◽  
Economic Relations ◽  
Stage Of Development ◽  
Data Value ◽  
International Economic Relations ◽  
Trade Dynamics

The main aim of this chapter is to analyze the contemporary challenges that have affected movements in the global trade and investments, as well as their interdependence. The focus is on the causes and consequences of the fundamental changes in international economic relations. The analysis is based on the following data: value of world trade, dynamics, and structure of exchange. Contemporary faces of the world economy such as transnationalization, intra-sector trade, increasing discourse on whether foreign trade and FDIs represent substitutes or complements, have also been an unavoidable part of this chapter. Depending on the stage of development, global changes have specific consequences on developed countries and developing economies. The chapter in its final part focuses on the analysis of how global value chains are directly affecting the growth of international trade and flows of foreign capital through the inevitable role of multinational companies.

scholarly journals The Role of Economic Diplomacy in the System of Modern International Economic Relations

2021 ◽  
Vol 8 (2) ◽  
pp. 35-44
Author(s):  
Viktoriia V. Kukharyk ◽  
Thomas Nübling
Keyword(s):  
International Economic ◽  
Regression Analysis ◽  
Economic Security ◽  
Gdp Growth ◽  
Economic Relations ◽  
Economic Diplomacy ◽  
International Economic Relations ◽  
Foreign Trade Turnover ◽  
The Eu

The modern globalised world is characterised by economic independence, which is a component that measures the level of relations between countries, the content, direction and intensity of which has begun to be influenced by economic dependence. In other words, economic relations have become central to diplomatic activity, which determines the relevance of the subject matter. The purpose of this study is to determine the role of economic diplomacy in the system of modern international economic relations, to compare the theoretical model of economic diplomacy and the practice of its implementation. This paper uses the following methods: scientific abstraction; monographic, dialectical, historicallogical; structural-logical; abstract-logical; methods of regression analysis; synthesis; problem-oriented method; statistical and graphic methods. The author used a Scatter plot model and performed a regression analysis to determine which free trade area (Ukraine-EU, Ukraine-Canada, or Ukraine-Israel) affects Ukraine's GDP growth. The study model confirms the positive relationship between Ukraine's GDP growth and the growth of foreign trade turnover (FTT) between Ukraine and the EU. The linear model explains that a 1% increase in FTT affects an average 5% increase in Ukraine's GDP. At the same time, the regression model shows the opposite trend in terms of FTT between Ukraine and Canada, Ukraine and Israel. Thus, the dynamics of Ukraine's FTT with these countries does not have a significant impact on GDP. Only the growth of FTT between Ukraine and the EU indicates the effectiveness of bilateral cooperation. The practical significance of the results obtained lies in the fact that the theoretical foundations, conclusions, and recommendations obtained and formulated by the author can serve as a basis for further study of issues of economic diplomacy and for the development of such a concept of economic diplomacy, which should take into account the positions of stakeholders to balance the interests of ensuring the national economic security of the state

The role of tourism in Slovenia's strategy of international economic relations

1997 ◽  
Vol 3 (1) ◽  
pp. 1-8
Author(s):  
Vito Bobek
Keyword(s):  
International Economic ◽  
Sustainable Tourism ◽  
Environmental Benefits ◽  
Economic Relations ◽  
International Economic Relations ◽  
The Subject ◽  
The Law ◽  
Global Planning

This paper explores the idea of sustainable tourism as a criterion for long-term global planning that takes the economic, sociocultural and environmental benefits of tourist products into account. The paper also discusses what Slovenia’s strategy of international economic relations, together with the Law on tourist activities have contributed to the subject.

Advanced Introduction to Law and Development

2021 ◽  
Author(s):  
Mariana Mota Prado ◽  
◽  
Michael J. Trebilcock ◽  
Keyword(s):  
International Economic ◽  
Public Law ◽  
Private Law ◽  
Development Research ◽  
Legal Systems ◽  
Law And Development ◽  
Economic Relations ◽  
International Economic Relations ◽  
Recent Trends

In this thoroughly revised and updated second edition, Mariana Mota Prado and Michael J. Trebilcock offer a succinct and readable introduction to the main concepts and debates in the field of law and development. They examine the role of legal systems and institutions, investigate perceptions around what laws and legal arrangements encourage and facilitate development, and probe the issues arising in both private law and public law as well as in international economic relations. Written with the insight of two top experts in the field, this Advanced Introduction covers the most recent trends in law and development research and highlights areas that remain underexplored.

To the question on the role of foreign investments within the system of international economic relations: legal perspective

2019 ◽  
pp. 31-37
Author(s):  
Ksenia Mikhailovna Belikova
Keyword(s):  
International Economic ◽  
Russian Language ◽  
Foreign Investments ◽  
Economic Relations ◽  
Economic Concept ◽  
Language Discourse ◽  
Legal Perspective ◽  
International Economic Relations ◽  
Scientific Specialty

This article examines the question on the role of foreign investments within the system of international economic relations from the perspective of law. The author analyzes the main and auxiliary goals of an investor and the country-recipient of foreign investments and the country of origin of the investments. The legal-economic concept of “investment/foreign investment” is viewed considering the author’s opinion that investments as such are multifunctional. Different understanding in this regard underline the various aspects of the phenomenon; thereat, the legislators of different countries are guided by their teleological reasons, while representatives of the doctrine – by affiliation to one or another scientific specialty (or school). The scientific novelty lies in articulation of the problem, as well as the approaches towards its studying. The new data regarding the records and information on the role of foreign investments within the system of international economic relations are introduced into the Russian-language discourse. The conclusion is made that the foreign investments are characterizes by versatile functionality, expansion of which is substantiated by the needs of the country-recipient of investments along with the country of their origin.  

scholarly journals Internationalization of the competition law

2002 ◽  
Vol 54 (3) ◽  
pp. 202-220
Author(s):  
Nina Scepanovic
Keyword(s):  
International Economic ◽  
Competition Law ◽  
World Market ◽  
International Level ◽  
Present Stage ◽  
Economic Relations ◽  
Bilateral Agreements ◽  
Stage Of Development ◽  
International Economic Relations ◽  
The World

In the present stage of development of international economic relations multilateral regulation of competition is becoming more and more important in order to, firstly, annul the effects of domestic rules of competition that are today considered the greatest non-tariff limitation, secondly avoid conflicts that can be caused by exterritorial implementation of national rules in this field, and, finally, define the rules of behavior in the world market. Although the first attempts to regulate this field were made pretty long ago and some activities were taken within UNCTAD, OECD and GATT, no comprehensive rules considering the issues they define and a group of countries that implement them have been adopted at the international level, so far. For the time being, numerous competition problems in relations among countries have been overcome by concluding a number of bilateral agreements and several regional arrangements.

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