The domestic economy and the rest of the world

2020 ◽  
pp. 137-209
Keyword(s):  
2003 ◽  
pp. 23-38 ◽  
Author(s):  
M. Ershov

At present Russia faces the task of great importance - effective integration into the world economy. The success of this process largely depends on the strength of the domestic economy and stable economic growth. To attain such a goal certain changes in economic approaches are required which imply more active, focused and concerted steps in the monetary, fiscal and foreign exchange policy.


2020 ◽  
Vol 16 (1) ◽  
pp. 51-60
Author(s):  
Ivan D. Matskulyak

The Object of the Study. Socioeconomic processes and phenomena characterized as an unsustainable employment and reflected in the collective monograph published in Rossiya among the first as well as its main provisions, conclusions and recommendations. The Subject of the Study is expressed by the combination of socioeconomic relations between market-based economic entities regarding the widespread development in recent years in the world, including the Rossiyskaya Federatsiya, the precarious employment of the population and the consequences of this process. The Purpose of the Study is to attract the notice of a wide range of management personnel of both state authorities and economic bodies, as well as employers, legislators, scientists, etc., to the problem of unsustainable employment, the need of its effectively solve, especially in conditions of intensification of transformation of the domestic economy. The Main Provisions of the Article cover all six sections, including 30 paragraphs of the monograph studied, authored by 41 specialist-scientists, professionally engaged in the designated research area. The author, on the basis of the actual content of the book, has tried to present all the aspects, to convey the variety of shades of the process of unsustainable employment reflected in the monographic research. It applies both the domestic experience and international practice. The problems of the unsustainable employment are revealed compared to decent work. Their dependence on the scientific and technological progress is considered. The domestic and foreign experience of the personnel reduction is summarized on the example of a flexible employment. Risks of unsustainable employment are identified and directions of their prevention are formulated. The characteristics of precarious employment of different groups of workers - women, pensioners and others working in similar conditions of specific industries - are characterized as well as the legal coverage of unsustainable workers is analyzed, and special attention is paid to external migrants and functioning numerous institutions in the investigated economy sectors.


2019 ◽  
Vol 1 (1) ◽  
pp. 1-12
Author(s):  
Muhammad Faqihudin

Being a housewife is a very big gift for a woman. This gift if used optimally will be a good deed not only in the world but also in the hereafter. However, there are some women who misunderstood the nature so that he took off his responsibilities as a housewife, the principle matters as housewives were abandoned for various reasons including economic reasons. In economic terms, it actually still has room to participate in the global and domestic economy within the boundaries which are certainly not as broad and free as men. This study aims to further explore the role of housewives in domestic and global economics in a qualitative way, in the hope of producing findings that can be useful as needed.


Author(s):  
Toni Ricciardi ◽  
Sandro Cattacin

International migration is an especially important interpretive key through which to understand the long history of globalization. Over the last 20 years, an increasing number of countries have experienced a prolonged transition in the nature of the migration to which they are subject: countries that were historically lands of emigration are becoming lands of immigration. This chapter describes how migration and migration policies have changed over the last two centuries, especially in Europe. Until the French Revolution, Europe had considered immigration a resource and not a scourge, and European imperialism has probably sown the seeds of distrust and racism that continue to pervade the world today. European states have alternated between policies favouring the restriction and promotion of migration, depending on their own perceived economic and geopolitical needs. Paradoxically, periods of restriction, intended to protect the domestic economy, preceded economic crises. It is possible to trace a cause-and-effect relationship between restrictive policies and subsequent economic crises.


2021 ◽  
Vol 15 (1) ◽  
pp. 100-121
Author(s):  
Hamid Elyassi

The world economy entered the third decade of this century with uncertainties and challenges of COVID-19 pandemic before it had fully recovered from the lingering aftereffects of the financial crisis. The financial crisis ended a period of overall global economic growth and price stability during which globalization and its principles of trade, economic and political liberalization were widely held as the emerging international economic and political order. In domestic economy, most countries favored supply-side economics and monetary policy in a free-market setting. This paper appeals to economic logic and empirical evidence to critically study external and internal economic processes and policies particularly of major world economies to identify what caused the unanticipated onset of the banking crash and why the ensuing persistent downturn defied remedial measures. It concludes that major trading powers departed from their declared commitment to free trade and its basic rules with no effective institutional safeguards and deterrents. Internally, absence of efficient monitoring and supervision of workings of nominal and real sectors allowed anomalies to develop within the market economy unnoticed. As regards inefficacy of policies against several years of stagnation, the paper discusses asymmetric performance of monetary tools and problematic application of fiscal policy to suggest revisiting supply-side and Keynesian approaches against their past performance and forge an eclectic kit of analytical and policy tools alongside the necessary organizational reforms.


Author(s):  
V. Tsibulskiy

The article presents analytical estimates of the relationship between such economic characteristics as gross domestic product, energy consumption and the degree of complexity of the economy, characterized by the number of stages of product conversion. These estimates are largely based on statistics for the world economy and the Russian economy. Considering, within the framework of the presented model, the possibility of increasing the GDP growth rate of the domestic economy will require a signifi cant reduction in energy tariff s and an increase in the scale of its production.


2020 ◽  
pp. 60-65
Author(s):  
D.R. Zagidullin ◽  
A.V. Butov

The coronavirus that affected the entire world economy caused a global economic crisis, which led not only to significant losses — a reduction in GDP, an increase in unemployment, and a decrease in population incomes, but also revealed new opportunities for economic development. Thus, the coronavirus epidemic, which led to the widespread introduction of self-isolation, accelerated the process of digitalization of the world and domestic economy. One of the areas of digitalization will be discussed in this article.


Author(s):  
Melvyn P. Leffler

This chapter argues that austere times presented opportunities to reassess strategic concepts, think rigorously about goals, recalibrate priorities, and link means and ends. Constraints on defense spending forced policymakers to think more creatively about diplomatic solutions. This sometimes catalyzed bold initiatives to reassure friends and engage adversaries. In the past, budgetary austerity also forced officials to wrestle more forthrightly with the trade-offs between priorities at home and commitments abroad. It was an exercise that invariably reminded all Americans that the real sources of U.S. strength in the world were the health of its domestic economy, the vitality of its people, and the resilience of its political institutions.


Author(s):  
Assaf Razin

Big drivers of domestic inflation, as they formulated in the Phillips Curve, are: (1) The price of imports and the exchange rate; (2) capacity pressures and labor market tightness in the domestic economy; (3) Public expectations about future inflation, future exchange rates, and future foreign prices; and (4) The amount of trading world slack. The level of foreign wages are also important for countries open to labor mobility. The 1990s globalization wave, which Israel was a part of through the integration of its financial sector into the world economy, and the massive immigration, helped Israel’s inflation to converge to the developed countries inflation rates.


2015 ◽  
Vol 53 (2) ◽  
pp. 185-210
Author(s):  
Milorad Filipović ◽  
Miroljub Nikolić ◽  
Vojislav Ilić

Abstract The most developed and most competitive countries today (including the leading countries of the European Union) are so-called “knowledge-based economies”, where knowledge, information and highly sophisticated skills play an important role in the development of the business and public sector. Knowledge and technology are becoming ever more complex, participation in knowledge-based economic activities is significantly increased (high-tech production and knowledge-based services), and connecting companies in these areas with private and public institutions facilitates development and the successful application of new innovations, thus raising the level of competitiveness of companies, industries and the country as a whole. In the last few years, rapid growth in the international trade of high-tech products and knowledge-based services has significantly changed a large number of countries’ international competitiveness. These trends show that creating, implementing and commercializing new technology and knowledge facilitates the development of high-tech products and knowledge-based services, which have become an important source of increasing productivity and manufacturing and export competitiveness. Thus high-tech sectors have become an important source of high added value and well-paid jobs, plus sustainable economic growth and global competitiveness. According to the World Economic Forum’s competitiveness rankings, Serbia is 95th out of 144 countries and is in the group of the 33 countries whose competitiveness is efficiency-driven. The achieved level of competitiveness of the domestic economy and the achieved level of economic development (Serbia is 75th in the world for GDP per capita in dollars) points to low productivity in the use of available (human, capital, financial, etc.) resources accompanied by high current spending, which is not a situation that is sustainable in the long-term. The research starts from the assumption that the development of high-tech- and knowledge-based activities plays a significant role in strengthening the competitiveness of the economy. A comparative analysis examines the link between the lagging Serbian economy in terms of competitiveness and the slower development of a knowledge-based economy, compared to the most highly developed European countries and selected countries in the region. A structural analysis and comparison of the most important business indicators (employment, productivity and added value) of high technology and knowledge-based companies shows the development and basic characteristics of the knowledge-based economy in Serbia and the macro-competitive position of Serbia compared to the leading and neighboring European Union countries. The paper also identifies the most important factors of developing a knowledge-based economy in Serbia, which needs to be improved to facilitate significant development of high-tech and knowledge-based activities as the basis for the future competitiveness of the domestic economy. The final objective of the paper is to point out the need for more substantial and faster development of a knowledge-based economy as a prerequisite for achieving long-term international competitiveness and sustainable development of the Serbian economy.


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