Global spread of the pandemic and world economic outlook

2021 ◽  
pp. 262-277
Author(s):  
Zhang Yuyan ◽  
Xu Xiujun
2020 ◽  
Vol 66 (No. 8) ◽  
pp. 365-372
Author(s):  
Tunahan Erdem

The study aimed to reveal the competitiveness of the world dried sector for some selected products such as dried apples, prunes, apricots, figs, and grapes. In the study, the data was subjected to the Revealed Comparative Advantage (RCA), Relative Export Advantage (RXA), Relative Import Advantage (RMA), Relative Trade Advantage (RTA) and Relative Competitiveness (RC) indices. RCA is an index developed by Balassa to determine the competitiveness of a specific country for selected products or goods. To demonstrate the economic outlook for the world dried sector, the 2007 to 2017 data of China, USA, Chile, Germany, Iran, the Netherlands, South Africa, France, Uzbekistan, Argentina, Spain, Turkey, and India were compared, these countries dominating the sector of selected dried agricultural products. The results demonstrated that the world dried sector is very responsive to economic crises and to local currency rate. The RCA index was found to be 4.66 in 2007 for Turkey and it decreased to 4.45 by 2009 during the world economic crisis. The other breaking point was 2013 when Turkey experienced both economic and political crises.


2006 ◽  
Vol 06 (59) ◽  
pp. 1 ◽  
Author(s):  
Allan Timmermann ◽  

Author(s):  
Inna KOTKALOVA-LYTVYN

The article investigates essence and content of the information economy, which, at the present stage of the global ecosystem is changing traditional narratives of economic theory. Article studies influence of post-industrial society to the origin of the information economy paradigm statements and its ecosystem. The author systematized conceptual provisions of foreign and domestic scientists on the essence and content of the information economy in the context of the evolution of development of this economic paradigm (starting from theory’s inception in 60s of the twentieth century up to modern theoretical and methodological developments). Based on research, the author concluded that the information economy is not just post-industrial wave of development. It is a separate, independent paradigm of world economic outlook, which is the result of evolutionary changes in the technological, economic, political and social arrangement on the general international level.


2010 ◽  
Vol 17 (2) ◽  
pp. 127-140 ◽  
Author(s):  
Michael Bordo ◽  
Harold James

In the discussion of our contemporary economic disease, the Great Depression analogy refuses to go away. Almost every policy-maker referred to conditions that had ‘not been seen since the Great Depression’, even before the failure of Lehman. Some even went further – the Deputy Governor of the Bank of England notably called the crisis the worst ‘financial crisis in human history’. In its April 2009 World Economic Outlook, the IMF looked explicitly at the analogy not only in the collapse of financial confidence, but also in the rapid decline of trade and industrial activity across the world. In general, history rather than economic theory seems to offer a guide in interpreting wildly surprising and inherently unpredictable events. Some observers, notably Paul Krugman, have concluded that a Dark Age of macroeconomics has set in.


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