COVID-19 Pandemic Shock

2021 ◽  
pp. 148-177
Author(s):  
Zoya Pilipenko
Keyword(s):  
Economic System ◽  
Economic Activity ◽  
Activity Patterns ◽  
Business Environment ◽  
Growth Strategy ◽  
Economic Systems ◽  
Global Pandemic ◽  
Business Principles ◽  
Main Factors

The COVID-19 global pandemic had a shock effect on all spheres of the socio-economic system. It objectively predetermines the urgent necessity to rethink the following phenomena: fundamental foundations of the functioning of modern socio-economic systems and business with capital-centrist principles of their organization, how the shock due to the coronavirus pandemic revealed the marginal possibilities of the existing system of organizing economic activity, patterns of structuring the post-COVID-19 reality and the formation of business principles in the new human-centric socio-economic system. The uncertainty as the fundamental feature of the business environment caused by COVID-19 could become a major challenge for any business in shaping its growth strategy. In this situation, the success of the company depends on managers' understandings of the quality of this uncertainty and the development of an effective strategy for its growth, taking into account the main factors of the formation of the qualitatively new human-centric socio-economic system.

scholarly journals MACROECONOMIC ASPECTS OF SUSTAINABLE DEVELOPMENT OF THE ECONOMY

2019 ◽  
pp. 108-115
Author(s):  
S. A. Bakhodurova
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Economic System ◽  
State Policy ◽  
Business Environment ◽  
Economic Systems ◽  
Gross Regional Product ◽  
Social And Economic Development ◽  
The Stability ◽  
Regional Product

The essence and indicators of a concept of sustainable development of economy have been considered. Dynamics of an indicator of social and economic development of the region (gross regional product) has been analyzed and the stability indicator has been сalculated. Macroeconomic aspects of unstable development of economy have been revealed through imbalances of inflows and outflows in the two-sector, closed and opened economic systems. The reasons and consequences of disproportions of an economic system have been identified. Measures and directions of state policy in the field of stimulating the development of small and medium-sized businesses, creating a favorable business environment, stimulating export-oriented production, improving migration policies, which will reduce these imbalances, have been proposed. Accounting of regularity of macroeconomic interrelations will allow you to assess a situation of economic systems, and studying of the existing imbalances will promote creation of the mechanism of their regulation.

scholarly journals FLOWS IN THE DIGITAL ECONOMY: ANALYTICAL MODELING BY SPLINES

2021 ◽  
Author(s):  
Р.Х. Ильясов
Keyword(s):  
Economic System ◽  
Real Time ◽  
Analytical Modeling ◽  
System Modeling ◽  
Analytical Description ◽  
Digital Economy ◽  
Economic Systems ◽  
Access To Services ◽  
Flow Management

Эффективность анализа факторов и тенденций развития процессов в экономических системах зависит от качества аналитического моделирования, часто связанного с упрощением или искажением реальности. Искажения в моделях исследуемой динамики являются результатом сглаживания реальных колебаний развития процессов. Экономические системы представляются состоящими и статической и динамической частей - запасов и потока. Если запасы определяют состояния, то потоки - изменения в состояниях экономической системы. Моделирование потоков в цифровой экономике требует точных методов иханалитического описания, что должно сохранить в модели информацию даже о малых изменениях. Точность моделей должна повысить эффективность управления потоками в цифровой экономике в режиме реального времени. Сами потоки в цифровой экономике представляются непрерывными, что объясняется возможностью доступа к услугам и товарам в режиме стриминга. Ключевым условием эффективного управления потоками становится моделиро- вание их динамики функциями с нулевыми ошибками аппроксимации. Как показано в работе, точность аппроксимации, адаптивность и возможность учёта малых колебаний достигаются моделированием потоков сплайнами. The effectiveness of the analysis of factors and trends in the development of processes in economic systems depends on the quality of analytical modeling, often associated with the simplifi- cation or distortion of reality. Distortions in the models of the studied dynamics are the result of smoothing out real fluctuations in the development of processes. Economic systems are represented as consisting of both static and dynamic parts-stocks and flow. If stocks determine states, then flows are changes in the states of the economic system. Modeling flows in the digital economy requires precise methods of their analytical description, which should preserve information in the model, even about small changes. The accuracy of the models should improve the efficiency of flow management in the digital economy in real time. The flows themselves in the digital economy seem to be continuous, which is explained by the possibility of access to services and goods in the streaming mode. The key condition for effective flow control is the modeling of their dynamics by functions with zero approxi- mation errors. As shown in the paper, the accuracy of the approximation, adaptability and the possi- bility of taking into account small fluctuations are achieved by modeling flows with splines.

scholarly journals ORGANIZATIONAL AND ECONOMIC MECHANISM FOR IMPROVING THE QUALITY OF HUMAN RESOURCES OF THE REGION

2021 ◽  
pp. 64-70
Author(s):  
E. A. Ostapenko
Keyword(s):  
Quality Management ◽  
Human Resources ◽  
Economic System ◽  
External Environment ◽  
Quality Parameters ◽  
Economic Systems ◽  
Economic Mechanism ◽  
Comprehensive Management ◽  
The Social

The quality of human resources, considered as a set of certain assessment criteria that are dynamic in nature, due to the basic indicators and factors of the internal and external environment of the social and economic system of the region needs a comprehensive management impact aimed at improving the system and its elements. The quality of human resources in socio-economic systems, as well as tools aimed at the formation of qualitative parameters, form the problem of improving the economic mechanism for improving the quality of human resources in modern conditions, which should take into account the management goals, the state and prospects for the development of quality parameters of the system elements, to ensure the effective functioning of the conceptual model of quality management of human resources. 

scholarly journals Thermodynamic Laws Applied To Economic Systems

2009 ◽  
Vol 2 (3) ◽  
pp. 83-86
Author(s):  
José Villacís González
Keyword(s):  
Economic System ◽  
Open System ◽  
Economic Activity ◽  
Economic Systems ◽  
Laws Of Thermodynamics

Economic activity in its different manifestations – production, exchange, consumption and, particularly, information on quantities and prices – generates and transfers energy. As a result, we can apply to it the basic laws of thermodynamics. These laws are applicable within a system, i.e., in a country or between systems and countries. To these systems we can apply the thermodynamic principles. In order to work with these concepts, we must first define what a system, in this case an economic system, is and then explain what we mean by a closed or open system. Given that entropy is intimately connected to the level of disorder within a system and, thus, with its information, this multiple vector connects the systems internally and externally.

scholarly journals Smart-Specialization of the Agro-Industrial Complex in the Context of Digital Transformation of Regional Economic Systems

ETIKONOMI ◽  
2021 ◽  
Vol 20 (2) ◽  
pp. 309-318
Author(s):  
Anna M Kulik ◽  
Elena A Lavrinenko ◽  
Julia V Lyshchikova ◽  
Elena A Stryabkova
Keyword(s):  
Economic System ◽  
Economic Activity ◽  
Digital Transformation ◽  
Economic Systems ◽  
Industrial Complex ◽  
Agricultural Machinery ◽  
Regional Economic ◽  
Digital Platform ◽  
Foreign Experience ◽  
Smart Specialization

This article presents a domestic and foreign experience of "smart specialization" in agriculture in the digital economy. The method of calculating the indicators of digital maturity of the agro-industrial complex is considered. The forecast of indicators value of the agro-industrial digital maturity is presented until 2030. The article proposes a mechanism for adapting the smart specialization in agriculture. We consider it appropriate to introduce an online digital platform in agriculture, which allows creating conditions for interaction between sellers and buyers of regional agricultural machinery and related products. Based on the presented mechanism of adaptation of "smart specialization "in the field of agro-industrial complex, it should be noted that" smart specialization" is aimed at using the links that arise between the regions of economic activity. The priority areas of activity of the agro-industrial complex are presented.JEL Classification: L52, Q16, R11How to Cite:Kulik, A. M., Lavrinenko, E. A., Lyshchikova, J. V., & Strybkova, E. A. (2021). Smart-Specialization of the Agro-Industrial Complex of Digital Transformation of Regional Economic System. Etikonomi, 20(2), xx– xx. https://doi.org/10.15408/etk.v20i2.22015.

scholarly journals Paradigm change: from economic growth to sustainable value creation

2021 ◽  
Author(s):  
Liubovi Prodan-Șestacova ◽  
Keyword(s):  
Economic System ◽  
Value Creation ◽  
Economic Systems ◽  
Paradigm Change ◽  
Current Period ◽  
System A ◽  
Global Pandemic ◽  
Sustainable Value ◽  
Current Task ◽  
Systemic Crises

The dynamics of the development of economic systems is characterized by the evolution of institutions, of the resources used, of the applied technologies, of the relations between the subjects of the economic activity and other associated transformations. The current period is characterized by a series of changes that affect all components of the global economic system: digital transformation, climate change, systemic crises of state administrations, economic crises, global pandemic, etc. It is clear that these changes will shape a new economic system. The current task of the main actors in this process is to assign to this new system a series of characteristics that will not be random, but controllable, desired and accepted by all stakeholders

scholarly journals МЕНЕДЖМЕНТ РЕСУРСІВ В СИСТЕМІ ЛОКАЛІЗАЦІЇ ІМПЕРАТИВІВ СТАЛОГО РОЗВИТКУ БІЗНЕС СЕРЕДОВИЩА

2020 ◽  
pp. 79-88
Author(s):  
С. В. Бурлуцька ◽  
С. В. Бурлуцький
Keyword(s):  
Sustainable Development ◽  
Economic System ◽  
Economic Activity ◽  
Resource Dependence ◽  
Business Environment ◽  
Sustainable Growth ◽  
Effective Model ◽  
Local Context ◽  
Basic Material ◽  
The Creation

The article presents author's approaches to the formation of the system of local imperatives of sustainable growth of Ukraine as a theoretical basis for the creation of an effective model of economic activity, equivalent to the ecological subsystem and aimed at restoring the generated capital. The aim of the article is the formation of conceptual bases of constructing of effective mechanism of resources management in the system of localization of sustainable development imperatives of business environment in conditions of post-crisis recovery of Ukraine`s socio-economic. The methodological basis of the research was the positions of classical and modern economic theory, works of domestic and foreign scholars on the issues of sustainable development, government regulation of the economy. The basic hypothesis of the research was the assumption of the necessity to limit and concretize the general world imperatives of sustainable development by narrowing their concept and expanding their content in accordance with the local context of development of the socio-economic system of Ukraine. Statement of the basic material. The results of systematization of objective limitations of implementation of the general imperatives of sustainable development have made it possible to identify relevant national imperatives. These local imperatives provide for the formation of: an effective model of economic activity, equivalent to an ecological subsystem and aimed at the recovery of generated capital and the creation of conditions for the transition to a post-industrial model; an institutional environment and a system of public administration aimed at ensuring the equitable distribution of resources both within the existing generation and between existing and future generations; exclusively economically oriented behavior of agents and overcoming exogenous resource dependence to ensure efficient distribution of endogenous resources over time with adequate consideration of natural capital. Originality and practical relevance of the research. The obtained theoretical and methodological concept has a theoretical relevance and can be transformed into an appropriate applied toolkit for sustainable development strategy formation. Conclusions. The existing system of localization of the imperatives of sustainable development of business environment creates the basis for forming the national strategy of sustainable development aimed at ensuring the integrity (existence) of the socio-economic system of Ukraine. Further research will be focused on the development of instrumental and methodological support of the business environment resource management system

scholarly journals ASSESSMENT OF THE LEVEL OF DEVELOPMENT OF THE ECONOMY AND INDUSTRY USING THE CRITERION OF ECONOMIC LEVEL OF TECHNOLOGIES

2019 ◽  
pp. 124-131
Author(s):  
A. G. Zhivotovskaia
Keyword(s):  
Great Britain ◽  
Econometric Analysis ◽  
Economic Systems ◽  
Economic Level ◽  
Technological Efficiency ◽  
The Usa ◽  
Technological Quality ◽  
Main Factors ◽  
Production Labor

The indicator of evaluation of economic and technological quality of micro-, mesoand macro-level economic systems – economic level of technologies (ELT) has been considered. It reflects the efficiency of the main factors of production: labor and capital. A higher value of ELT is associated with greater economic and technological efficiency of the system, so it can be used as an indicator of the quality of the system. By graphical and econometric analysis, the values and trends of changes in the economic level of technologies at the level of economy and industry for five countries have been estimated: the Great Britain, Germany, Russia, the USA, France. The ability of the economic level of technologies to predict internal crises in the country has been considered. It has been proposed to use the economic level of technologies as a tool for forecasting as well as for planning and management.

scholarly journals STUDI KOMPARASI POSISI ETIKA BISNIS ISLAM DALAM BERBAGAI SISTEM EKONOMI

2021 ◽  
Vol 1 (2) ◽  
pp. 30
Author(s):  
Nina Nurkomalasari ◽  
Nurlaelah Zakiah
Keyword(s):  
Economic System ◽  
Economic Activity ◽  
Qualitative Method ◽  
Economic Systems ◽  
Modern Times ◽  
The World ◽  
Socialist Economic ◽  
Islamic Business Ethics ◽  
Islamic Economic ◽  
Control Tool

ABSTRAKEtika bisnis menjadi alat kendali bagi setiap individu dalam aktivitas ekonomi. Sistem ekonomi islam telah muncul jauh sebelum sistem ekonomi kapitalis, sosialis maupun sistem ekonomi pancasila berada. Namun dalam hal ini sebagian besar masyarakat telah banyak menganut sistem ekonomi kapitalis dan sosialis, dimana kurangnya kesejahteraan bersama sehingga keuntungan hanya dirasakan oleh penguasa saja. Penelitian ini bertujuan untuk melakukan studi komparatif terhadap sistem ekonomi islam, sehingga diharapkan dapat terus berkembang bagi kemaslahatan seluruh umat Islam. Metode penelitian yang digunakan yaitu metode deskriptif kualitatif dengan memanfaatkan kajian dan studi literatur dari berbagai sumber. Hasil dan pembahasan menyatakan bahwa etika bisnis islam telah berkembang sejak zaman Nabi dan Rasul, jauh sebelum zaman modern muncul yang telah mengubah masyarakat untuk mengenal sistem ekonomi kapitalis, sosialis maupun sistem ekonomi pancasila. Maka secara filosofis sistem ekonomi islam bersifat universal, kepemilikan harta dalam mutlak milik Allah Swt dan sistem ekonomi islam mengedepankan prinsip maslahat bagi seluruh umat di dunia.ABSTRACTBusiness ethics becomes a control tool for every individual in economic activity. The Islamic economic system has emerged long before the capitalist, socialist and Pancasila economic systems exist. However, in this case, most people have embraced a capitalist and socialist economic system, where there is a lack of shared welfare so that the benefits are only felt by the rulers. This study aims to conduct a comparative study of the Islamic economic system, so that it is expected to continue to develop for the benefit of all Muslims. The research method used is descriptive qualitative method by utilizing studies and literature studies from various sources. The results and discussion state that Islamic business ethics has developed since the time of the Prophet and the Apostle, long before modern times emerged which have changed society to recognize the capitalist, socialist and Pancasila economic system. So philosophically, the Islamic economic system is universal, ownership of property in absolute terms belongs to Allah and the Islamic economic system puts forward the principle of benefit for all people in the world.

scholarly journals DIMENSIONS OF THE SOCIAL RISK IN THE CONTEMPORARY ECONOMY

2008 ◽  
pp. 28
Author(s):  
Marcela Danu
Keyword(s):  
Economic System ◽  
National Economy ◽  
Business Environment ◽  
The State ◽  
Systemic Approach ◽  
Social Risk ◽  
The Social

The role of risk and its implications in the societal life causes the systemic approach in the triad consumer - firm - environment. One of the types of risk that the company always supported but in periods of crisis, a known multiplied size and gravities, is the social risk. This paper highlights, mainly, two types of social risk faced by the demand, supply, the economic system exponents, as a whole, respectively the risk of poverty and social risk to the organization. The conditioning and the interdependencies of them are generated and maintained by the state of development of national economy, the quality of the business environment.

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