scholarly journals Tourism Multiplier in the World Economy: Covid-19 Effects

2021 ◽  
Author(s):  
Alberto Corti
Keyword(s):  
Correlation Coefficient ◽  
World Economy ◽  
World Order ◽  
Economic Aspect ◽  
Negative Trend ◽  
Leading Role ◽  
Percentage Loss ◽  
The World ◽  
Percentage Incidence

The COVID-19 pandemic has impacted on the world order with the force of a tsunami. It is important also to consider the economic aspect. In this context, tourism plays a leading role, being one of the most affected sectors – both in quantitative terms and in terms of the persistence of the negative trend – as well as, finally, for its effects on other sectors. The result of the calculation of the correlation coefficient between the tourism percentage incidence on GDP in 2018 and 2020/2019 GDP percentage loss highlights that the higher the incidence of tourism on a country’s GDP was at the beginning of the pandemic, the greater the percentage loss of GDP was for that country.

Chapter II. The World Economy

1984 ◽  
Vol 107 ◽  
pp. 28-46
Keyword(s):  
Unemployment Rate ◽  
World Economy ◽  
Average Rate ◽  
Economic Aspect ◽  
Total Output ◽  
Price Inflation ◽  
Industrial Countries ◽  
The World

For the OECD area as a whole total output probably rose in 1983 by 2¼ per cent, while the unemployment rate, though rather higher overall than in 1982, declined considerably during the year and the average rate of consumer price inflation was down to less than 5½ per cent from 7¾ per cent in 1982. This means that from every important economic aspect the year was a much better one for the industrial countries than we expected twelve months ago.

scholarly journals REVIEW: New World myths

1994 ◽  
Vol 1 (1) ◽  
pp. 96-97
Author(s):  
David Robie
Keyword(s):  
Cold War ◽  
Soviet Union ◽  
World Economy ◽  
New World ◽  
World Order ◽  
New World Order ◽  
The Soviet Union ◽  
News Service ◽  
The World ◽  
The Cold War

Review of Whose Story? Reporting the Developing World After the Cold War, edited by Jill Spelliscy and Gerald B. Sperling, Calgary, Canada: Detselig Enterprises, 1993. 242 pp. 'I get terribly angry', remarks Daniel Nelson, editor of Gemini News Service, 'when journalists take the phrase, which is completly manufactured, "New World Order"—it's absolutely meaningless. Personally I don't think there is a New World Order. I think we have the same world order, but without the Soviet Union which was never a major part of the world economy. And if you live in Katmandu or Kampala, there is no change.'

scholarly journals Towards a Neo-bipolar Model of the World Order: Scouting Game in Africa

2019 ◽  
Vol 12 (3) ◽  
pp. 6-29
Author(s):  
L. L. Fituni
Keyword(s):  
United States ◽  
World Economy ◽  
World Order ◽  
The United States ◽  
New World Order ◽  
Global Order ◽  
The Us ◽  
The World ◽  
The Usa ◽  
General Movement

The article lays out a hypothesis that the global order slides into a new bipolarity in the context of the escalating geo-economic and geopolitical confrontation between the two poles that currently dominate the world - the United States and China. The neo-bipolar construction cannot yet be regarded as an established new world order, but the general movement of the world economy and international relations in this direction is obvious. The neo-bipolar bipolar confrontation manifest itself with varying intensity in different regions of the world. The author argues that at present the peripheral regions which are strategically important for the prospects of competition are becoming an important testing ground for relatively “safe” elaboration of methods and tactics of geo-economic rivalry and h mutual exchange of systemic attacks. Today, Africa has become practically the leading theater of the new bipolar confrontation. The article analyzes the economic, military and strategic aspects of the rivalry between the United States and China on the African continent. It provides a comparative analysis of the new African strategies of the two superpowers adopted at the end of 2018. The author asserts that in the context of the emerging global bipolarity, the strategies of the USA and China represent antagonistic programs based on fundamentally different initial messages. In the case of the US strategy, this is to deter by denial the spread of the competitor’s influence using tough policies, including forceful (while not necessarily military) confrontational actions. While China seeks to neutralize the opposition of the United States and its allies to Beijing’s expansion on the continent and to win the freedom of interaction with any partners in Africa causing minimal direct confrontation possible. Therefore, despite the seemingly “peripheral” importance of the confrontation on the continent, for the establishment of a neo-bipolar world order, the proclamation of the new US regional geopolitical strategy, which focuses on the containment of China in the name of protecting democracy and independence, can serve not only for Africa, but for the whole planet the same milestone signal as Churchill’s Fulton speech for the final advent of bipolarity in the postwar world.

scholarly journals Interdependent Hegemony: China’s Rise Under the Emerging New World Order

2018 ◽  
Vol 04 (02) ◽  
pp. 159-175
Author(s):  
Xing Li ◽  
Shengjun Zhang
Keyword(s):  
World Economy ◽  
World Order ◽  
Conceptual Tool ◽  
The World ◽  
Rise Of China ◽  
Capitalist World Economy ◽  
Basic Features ◽  
Emerging Powers ◽  
Changes Over Time ◽  
The Rise Of China

To better assess the global impact of the ascendance of emerging powers brought about by globalization, this paper attempts to provide a conceptual framework of “interdependent hegemony,” which can serve as an alternative conceptual tool for analyzing the dynamics between the role of emerging powers as a counter-hegemonic, socio-political force and the hegemonic resilience of the existing international order. The paper also regards the capitalist world economy as a dynamic system which is under constant changes over time, whereas certain basic features of the system remain in place. It is argued that despite the rise of emerging powers, the functioning of the world economy will always generate inequalities with positional changes in the stratification of the core-semiperiphery-periphery structure. In this context, the rise of China as both a recipient and provider of global production and investment is fundamentally a positive driving force behind the evolution of the world system.

PROBLEMS OF EXPANDING AND DEEPENING INTERACTION BETWEEN THE MEMBER COUNTRIES OF THE BRICS STRATEGIC ASSOCIATION

2020 ◽  
Vol 1 (7) ◽  
pp. 117-121
Author(s):  
K. S. LEONOVA ◽  
Keyword(s):  
Economic Integration ◽  
Global Economy ◽  
World Economy ◽  
World Order ◽  
Modern World ◽  
Globalizing World ◽  
The World

The article is devoted to the study of key problems in the expansion and integration between the BRICS alliance members in a globalizing world. The relevance of the article is characterized by growing economic integration between the BRICS member countries in the modern world economy. Under the conditions of reconfiguration of the world order, scientific justifications have been developed, as a result of which the BRICS strategic association could take more advantageous positions in the global economy.

Countermeasures for Tobacco Industrial Cluster Development

2021 ◽  
Vol 7 (4) ◽  
pp. 326-338
Author(s):  
Liu Mingjuan
Keyword(s):  
World Economy ◽  
Economies Of Scale ◽  
Tobacco Industry ◽  
Industrial Clusters ◽  
World Health ◽  
Industry Clusters ◽  
Cluster Development ◽  
Leading Role ◽  
The World ◽  
Health Organization

Nowadays, the deepening globalization of the world economy promotes the economic development to present more and more obvious regionalization characteristics, and industrial clusters are increasingly becoming an important source for a country or region to achieve competitive advantages. China is the largest tobacco country in the world, and the tobacco industry is the largest source of tax revenue in China, which has made outstanding contributions to the national financial accumulation. After joining the World Trade Organization (WTO) and signing the Framework Convention on Tobacco Con trol (FCTC) o f the World Health Organization (WHO), the competition in the domestic and foreign tobacco markets has become increasingly fierce, and more attention to health issues has put forward higher requirements for the development of China's tobacco industry. Therefore, the Chinese tobacco industry urgently needs to use industrial clusters to form economies of scale and enhance market competitiveness. Overall, the development level of China's tobacco industry is not high. Due to some existing problems that restrict the development of tobacco industry clusters, some measures must be taken to enhance the competitiveness of China's tobacco industry clusters in the world economy, such as strengthening o verall coordination and planning guidance , guiding industries from agglomeration to cluster development, actively supporting related industries, and vigorously enhancing innovation ability. Therefore, it is necessary to find out the breakthrough point of the development of tobacco industry clusters, select the appropriate industrial clusters to focus on cultivating, strengthening the leading role, supplementing the chain and clustering, and guide and promote the healthy growth of tobacco industry clusters, so as to stimulate the growth of the national economy.

scholarly journals Exigency politics or new world order?

2011 ◽  
Vol 58 (3) ◽  
pp. 373-391 ◽  
Author(s):  
Miroslava Filipovic
Keyword(s):  
Capital Markets ◽  
World Economy ◽  
New World ◽  
State Level ◽  
World Order ◽  
Intergovernmental Organizations ◽  
New World Order ◽  
Current Crisis ◽  
The World ◽  
National Economies

Since the onset of the current crisis, numerous intergovernmental organizations made declarations and plans, but only national packages were implemented to minimize adverse effects to real (national) economies. Despite the fact that capital markets have long ago become increasingly complex with a multitude of actors, a state-level approach remains firmly in place. This paper aims to present political responses to the crisis, identifying how politicians envision the future of capital markets and the world economy. The financial crisis might have been a direct motive to start a global political interplay regarding regulation, but it was also a unique opportunity for numerous actors to start pressing for their own agenda vis-?-vis the global economic and political order. Reviewing the responses of several of the most prominent actors on the scene may contribute to understanding how close the world is to having a new financial - or even economic - structure on the global level.

scholarly journals SYSTEM DETERMINANTS OF THE FORMATION OF THE NEO-FINANCIAL ORDER IN THE CONDITIONS OF NONEQUILIBRIUM DEVELOPMENT

2018 ◽  
pp. 20-39
Author(s):  
Natalia KRAVCHUK ◽  
Oleh LUTSYSHYN
Keyword(s):  
World Economy ◽  
New World ◽  
Resonance Effect ◽  
World Order ◽  
Modern World ◽  
Financial Instability ◽  
System Reform ◽  
Global Development ◽  
Financial Architecture ◽  
The World

Introduction. By monitoring the aggregate cumulative effects of the recent global financial turmoil, it becomes clear that the world financial order and the system of international economic relations are based on the “debris” of Bretton Woods agreements. This can be explained by the fact that there are no alternatives for the outdated agreements. The modern world economy continues to have a pronounced rental character. Thus, it can be argued that it is one of the root causes of the global development divergence, the income imbalances, and financial imbalances. Those, in turn, are causing global asymmetries and socio-economic inequalities. Consequently, the modern world economy can be defined as a financial economy (in its essence). Therefore, the consideration of fundamental global financial imbalances will lead to an understanding of the system determinants of the need to change the modern world financial order. The purpose of the study is to deepen the theoretical and methodological foundations of both identification and development of system determinants of global financial instability. As well as to substantiate and develop the concept of constructing neo-financial order in the conditions of nonequilibrium global development. Results. System determinants of global financial instability are revealed. The new systemic risks that provoke global financial crises in the era of the digital economy and digital finance are highlighted. In addition to that, the need for the global currency system reform and the global financial architecture reform were discussed. As well as the more recent need – the formation of a neo-financial world order (a new level based on absolute new principles and principles) was studied.The essential basis of modern crises is highlighted. Among which, first, contradictions between the laws of the functioning of the globally-centered economy, which is a systemic integrity. Second, the heterogeneity of the structure-functional construction of a geospatial, which operates on the principles of globalization diversion. Additionally, the nature of the crises spread, which resembles the spread of seismic waves with resonance effect, is substantiated.The events that have taken place in recent years, and which gave a powerful impetus to the processes of formation of qualitatively other geo-economic and geopolitical foundations for the reform of the global financial system have been characterized. Conclusions. The concept of construction of the world neo-finance order in the conditions of nonequilibrium global development is substantiated. The objective necessity of building a new world financial architecture was proven. The last should be based on qualitatively new principles, mechanisms, and nterconnections of global governance, and should challenge the creation of a new world financial order.

scholarly journals THE ISSUE OF THE COLLAPSE OF THE SOVIET EMPIRE

2013 ◽  
Vol 1 (1) ◽  
pp. 136-147
Author(s):  
S. Martirosyan
Keyword(s):  
Soviet Union ◽  
World Economy ◽  
New World ◽  
World Order ◽  
New World Order ◽  
Soviet Empire ◽  
The Soviet Union ◽  
The World

The author of the article argues that the M. Gorbachev Reconstruction (Perestroyka) had deliberately been designed to cause the collapse of the Soviet Union, to drag the country in the world economy and lay a foundation to establish a “New World Order”. Meanwhile, the author demonstrates how the process of collapse was kept secretly, and the role of foreign factors contributed to that collapse.

scholarly journals CREATING THE GROWTH POTENTIAL OF GLOBAL CITIES IN THE CONTEXT OF DIGITALIZATION

2020 ◽  
Vol 19 (Vol 19, No 2 (2020)) ◽  
pp. 341-355
Author(s):  
Larysa SARKISIAN
Keyword(s):  
World Economy ◽  
Social Processes ◽  
Digital Transformation ◽  
Growth Potential ◽  
Global Cities ◽  
Leading Role ◽  
The World ◽  
Territorial Structure ◽  
Technology Parks ◽  
The Internet Of Things

The peculiarities of the development of global cities and their role in the development of the world economy are considered. The trends of economic development of global cities is analysed and the main industries towards which investments are directed are identified. It is noted that innovations play a leading role in increasing competitiveness and establishing a sustainable economic and social system. Particular attention is paid to technologies that determine the sectoral and territorial structure of cities, including artificial intelligence, the Internet of Things, blockchain and 5G. The digital strategies of global cities are studied, which, despite different structure and priorities, set general principles for the development of the information technology and telecommunications sector and the implementation of its results in economic and social processes (government, infrastructure, technology parks, etc.). It is established that global cities should adhere to the developed strategy of digital transformation in determining the digital priorities. It is substantiated that the development of digital infrastructure is the basis for the creation of growth potential of global cities.

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