Tax Advice

2020 ◽  
pp. 28-38
Author(s):  
Traian Ovidiu Calotă ◽  
Mihaela Ristache ◽  
Alin Eliodor Tănase
Keyword(s):  
Continuous Improvement ◽  
Tax Evasion ◽  
World Economy ◽  
Rapid Development ◽  
Developed Countries ◽  
Business Environment ◽  
Services Sector ◽  
The World ◽  
Online Business ◽  
The Impact

This chapter investigates the impact of taxation on the online business environment in Romania. In the last 30 to 35 years, the world economy has been marked by a rapid development of the services sector, especially in economically-developed countries, with the degree of internationalization being a major feature of no doubt. The contribution of tax consultancy to the development of the economy has been remarkable in most areas of activity. The results asserted the research hypothesis: Romanian firms' strategies were influenced by the phenomenon of corruption reported, in particular, to tax evasion. Governments around the world are trying to respond to growing budgetary pressures by trying to introduce measures to combat tax evasion. Among them is Romania, which has lately changed its legislation on identifying undeclared revenues to tax. Continuous improvement of the strategy to identify and develop new processes leads to increased performance, efficiency of skills, and harmonization of results.

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 The role of mining industry in the world economy and the economy of Ukraine

2020 ◽  
pp. 23-29
Author(s):  
G. I. Rudko
Keyword(s):  
World Economy ◽  
Raw Materials ◽  
Mining Industry ◽  
Developed Countries ◽  
Material Base ◽  
Mining Operations ◽  
Mineral Raw Materials ◽  
The World ◽  
The Impact

The level of development has been considered, the impact of mining industry on the world economy and its connections with other spheres of the world economy have been analyzed. Today mining industry is not only one of the leading fields of global economy, but it has also promoted the emergence of other fundamental branches. The development of this sphere is extremely important not only for the state, which plays the role of a regulator, but also for investors, contractors, suppliers, service companies, indigenous population and consumers. Due to its long-term development, mining industry differs from the majority of other kinds of human activity. Diversified mining industry is generally a prerogative of highly developed countries since only several segments are often functioning in less developed countries, and sometimes mineral raw materials are only extracted there. Nowadays no country in the world possesses full range of all types of rocks and minerals. Basic tendencies in development of extraction of mineral raw materials in different countries have been described. The current state of global mining industry can be called the advent of the so-called new era due to the increase of cost of mineral raw materials; however it is also necessary to develop the fields even with quite small and low-quality mineral reserves. Mining operations and development of mineral deposits are being relocated from the developed countries to the developing ones. It is better to consider the possibility of improvement of already existing objects instead of building brand new ones for more efficient and easier operation of mining companies. Problems of functioning and obstacles of development of mining enterprises in Ukraine under current conditions have been determined, ways of their elimination and increase of effectiveness in the branch in general have been proposed. National mining industry is adversely affected by such external factors as the global financial and economic crisis, processes of globalization. Although the mineral-raw material base of Ukraine has a sufficient amount of explored reserves of most mineral resources, it is currently at the stage of depletion of the subsoil, which requires the reformation of the economic mechanism for its use.

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 INTERNATIONAL LABOR MIGRATION: CURRENT TRENDS AND ECONOMIC CONSEQUENCES

2020 ◽  
Vol 41 (4) ◽  
pp. 155-167
Author(s):  
V.V. Antropov ◽  
◽  
◽  
Keyword(s):  
International Migration ◽  
Labor Migration ◽  
World Economy ◽  
Developed Countries ◽  
Economic Consequences ◽  
Political Processes ◽  
International Labor ◽  
The World ◽  
International Labor Migration ◽  
The Impact

In recent decades, the impact of international migration on world economic and political processes has increased significantly. Today, international labor migration of the population is one of the most important components of modern processes in the world economy, along with the other components, such as capital flow, goods, technologies and information. Globalization of the world economy has led to new trends in the processes associated with the international migration of labor, requiring scientific study. The object of the article is the modern processes of international labor migration. The aim of the work is to identify and analyze the main trends in international labor migration and its economic consequences. The author used the methods of statistical analysis, analysis of domestic and foreign scientific literature, and the data synthesis. The paper examines the main trends in international labor migration such as an increase in the demographic significance of international migration in the demographic development of economically developed countries, an increase in illegal migration, an increase in the composition of migration flows of highly qualified workers and the proportion of women in the number of international migrants. The article analyzes the economic impact of international labor migration on the economies of countries exporting and importing labor resources. The article concludes that migration will increase in the near future due to three reasons: persisting inequality between rich and poor countries, political and ethnic conflicts in a number of regions and the creation of new free trade zones that will facilitate labor mobility. The conclusions and recommendations of this study may be of interest to researchers and practitioners in addressing labor migration issues in Russia and other countries.

scholarly journals Impact of alternative energy sources on development of neo-industrial foreign trade specialization

2021 ◽  
Vol 250 ◽  
pp. 03008
Author(s):  
Elena Andreeva ◽  
Alla Golovina ◽  
Artem Ratner
Keyword(s):  
Alternative Energy ◽  
World Economy ◽  
Developed Countries ◽  
Energy Sources ◽  
Energy Carriers ◽  
Alternative Energy Sources ◽  
The World ◽  
Energy Trade ◽  
The Impact ◽  
Development Prospects

This paper identifies the structure of the energy balance in the world and in individual countries was analyzed, trends and factors in the development of alternative types of energy carriers. The impact of their development on the volume and structure of international energy trade is substantiated. Its development prospects are presented for developed countries that are leaders in the development of alternative energy sources, and for developing countries for which the price factor is more important. Prospects of development of Russian energy exports in conditions of increasing importance of alternative types of energy carriers in the world economy and international trade are considered.

Digital Economy: New Opportunities and Threats for the Development of the World Economy

2018 ◽  
Vol 11 (2) ◽  
pp. 18-26 ◽  
Author(s):  
I. A. Strelkova
Keyword(s):  
World Economy ◽  
Practical Experience ◽  
Business Environment ◽  
Digital Economy ◽  
The State ◽  
Market Exchange ◽  
Country Level ◽  
The World ◽  
Business Structures ◽  
Definition Of

The paper examines various approaches to the definition of the term «digital economy» in the scientific and business environment along with factors and forms of its development in different countries taking into account the specifics of the current stage of the Russian economy, which is a matter of particular importance in seeking new sources of the world economy growth. The subject of the research is opportunities and threats inherent in the process of digitalization of economies and their impact on the operation of international and national markets as well as the development of the world economy as a whole. The purpose of the paper was to analyze the practical experience in the formation and development of the digital economy in foreign countries and Russia and identify the changes it brings to the activities of state institutions and business structures, established rules of market exchange, the process of promotion and use of innovations. All the above made it possible to determine the country-level specifics of the digital economy evolution reveal the contradictory nature of its manifestations and justify the necessity for active participation of the state in stimulation and support of potentially promising digital innovations in various sectors of the economy. It is concluded that the level of the digital economy development depends on the real-sector performance, the maturity of markets, the state of the national economy. It is highlighted that the criteria for a comprehensive assessment of the results of the economy digitalization must be developed.

scholarly journals The impact of the COVID-19 pandemic on socio-economic and sustainability

2021 ◽  
Author(s):  
Xueli Wei ◽  
Lijing Li ◽  
Fan Zhang
Keyword(s):  
World Economy ◽  
Social Economy ◽  
Secondary Data ◽  
Well Being ◽  
Cross Sectional ◽  
The Social ◽  
The World ◽  
The Status ◽  
Sectional Analysis ◽  
The Impact

Pumping elephantThe COVID-19 pandemic has adversely affected the lives of people around the world in millions of ways . Due to this severe epidemic, all countries in the world have been affected by all aspects, mainly economic. It is widely discussed that the COVID-19 outbreak has affected the world economy. When considering this dimension, this study aims to examine the impact of the COVID-19 pandemic on the world economy, socio-economics, and sustainability. In addition, the research focuses on multiple aspects of social well-being during the pandemic, such as employment, poverty, the status of women, food security, and global trade. To this end, the study used time series and cross-sectional analysis of the data. The second-hand data used in this study comes from the websites of major international organizations. From the analysis of secondary data, the conclusion of this article is that the impact of the pandemic is huge. The main finding of the thesis is that the social economy is affected by the pandemic, causing huge losses in terms of economic well-being and social capital.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Neuroscience20 (BRAIN20, SPINE20, and MENTAL20) Health Initiative: A Global Consortium Addressing the Human and Economic Burden of Brain, Spine, and Mental Disorders Through Neurotech Innovations and Policies

2021 ◽  
pp. 1-39
Author(s):  
Kevin Morris ◽  
Mohammad Nami ◽  
Joe F. Bolanos ◽  
Maria A. Lobo ◽  
Melody Sadri-Naini ◽  
...  
Keyword(s):  
Mental Disorders ◽  
Neurological Disorders ◽  
World Economy ◽  
Disease Burden ◽  
The United States ◽  
Fast Tracking ◽  
The World ◽  
Life Threatening ◽  
The Cost ◽  
The Impact

Neurological disorders significantly impact the world’s economy due to their often chronic and life-threatening nature afflicting individuals which, in turn, creates a global disease burden. The Group of Twenty (G20) member nations, which represent the largest economies globally, should come together to formulate a plan on how to overcome this burden. The Neuroscience-20 (N20) initiative of the Society for Brain Mapping and Therapeutics (SBMT) is at the vanguard of this global collaboration to comprehensively raise awareness about brain, spine, and mental disorders worldwide. This paper aims to provide a comprehensive review of the various brain initiatives worldwide and highlight the need for cooperation and recommend ways to bring down costs associated with the discovery and treatment of neurological disorders. Our systematic search revealed that the cost of neurological and psychiatric disorders to the world economy by 2030 is roughly $16T. The cost to the economy of the United States is $1.5T annually and growing given the impact of COVID-19. We also discovered there is a shortfall of effective collaboration between nations and a lack of resources in developing countries. Current statistical analyses on the cost of neurological disorders to the world economy strongly suggest that there is a great need for investment in neurotechnology and innovation or fast-tracking therapeutics and diagnostics to curb these costs. During the current COVID-19 pandemic, SBMT, through this paper, intends to showcase the importance of worldwide collaborations to reduce the population’s economic and health burden, specifically regarding neurological/brain, spine, and mental disorders.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

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