scholarly journals Development and Position of Africa in Science and Technology Today

2019 ◽  
Vol 2 (2) ◽  
pp. 60-68
Author(s):  
Adedokun J. Olusegun ◽  
Akinsanmi Fatima ◽  
Fasasi Abiodun Wakeel
Keyword(s):  
World Economy ◽  
Science And Technology ◽  
Developed Countries ◽  
West African ◽  
African Countries ◽  
Poor Countries ◽  
Economic Progress ◽  
The World ◽  
The Usa ◽  
The Developed Countries

Science and technology capabilities are fundamental for social and economic progress in African countries and they are crucial components aimed at fostering growth and development of every nation as they create impact on the various sectors of governments. Maintaining and Strengthening the contributions of science and technology become more important for Africa in addressing traditional development issues and successful application of science and technology entails establishing effective institutional framework and linkages so that the various science and technology institutions and the productive sectors work in a system that is focused on achieving developmental goals without undue duplication and completion. Unfortunately, many developing countries especially the poor countries in West Africa do not have human resources, physical and economic infrastructures and access to capital to take full advantage of the science and technology expertise and achievements of the developed countries like the USA, China, and Korea etc. Conclusively, it is imperative for Africa especially West African countries to embrace science and technology as a vital tool for accelerating their socio-economic development as science and technology enhances its international competitiveness and more importantly its position in the world economy.  

The Effect of 2008 Financial Crisis on the Distribution of Economic Power

2020 ◽  
Vol 57 (2) ◽  
pp. 87-110
Author(s):  
Manmohan Agarwal ◽  
Amrita Brahmo
Keyword(s):  
Developing Countries ◽  
Emerging Economies ◽  
World Economy ◽  
Developed Countries ◽  
Economic Power ◽  
2008 Financial Crisis ◽  
The World ◽  
Considerable Debate ◽  
The Usa ◽  
The Developed Countries

There has been considerable debate over whether the USA is losing its stronghold over the world economy and its power declining, giving way to new leadership from the emerging economies (EEs) like China. This article uses the notion of power based on the resources available to a state. It uses a number of measures to measure the resources available to a state and so assess economic power. It finds that there has been a slight decline in the importance of the developed countries and an increase in that of the developing countries (DCs). However, there is a slight decline in the power of the USA. The increase in the importance of developing countries is mainly on account of China. But the changes do not mean that developing countries can get the changes they desire. There is more of a stalemate.

scholarly journals DIGITAL TRANSFORMATION OF THE WORLD ECONOMY

2018 ◽  
pp. 7-15
Author(s):  
Olga Mikhailovna Markova ◽  
Elena Borisovna Starodubtseva
Keyword(s):  
World Economy ◽  
New Technologies ◽  
Developed Countries ◽  
Financial Behavior ◽  
Infrastructure Development ◽  
The World ◽  
The Usa ◽  
Definition Of ◽  
Key Indicators ◽  
Start Ups

In modern conditions the role of digitalization which is becoming the main factor of the development of the world economy, is growing significantly, as the competitiveness of individual countries is determined by the level of implementation of innovative banking technologies as a tool for creating digital financial ecosystems. At the same time, there are considered key indicators of bank customers activities related to Internet access and infrastructure development opportunities, the consumer demand for digital technologies, the specific application of legislative norms in this area, the development of innovations in individual countries based on additional investment in the latest technologies and digital start-ups. There is given the definition of the concept of digital economy, analysis of the development of digitalization in terms of its use in various areas: financial, production, trade, social. Within the framework of the national approach, digitization, for which a cyclical character is typical, is considered in detail. So, initially new technologies actively developed in the USA, Germany, Japan and other developed countries, but now these countries reduce the pace of growth of technological implementations, and the less developed countries, where the rates of digitalization are more significant. The article presents dividing countries in four categories, according to the growth of digitalization of the economy. In the world economy, the key to stability and high competitiveness in the long term should be the policy of continuous innovations, which requires from banks and other market participants to make quick and radical decisions that often affect their financial behavior and strategic line of development. Thus, the indicators of the involvement of countries in digital banking indicate that this type of banking activity is gaining momentum, and digitalization is currently the main vector of world development.

scholarly journals El predominio de la agenda neoliberal en el mundo contemporáneo: hegemonía y consecuencias = The predominance of the neoliberal agenda in the contemporary world: hegemony and consequences

2017 ◽  
pp. 21
Author(s):  
Carmen Pineda Nebot ◽  
Francisco Fonseca
Keyword(s):  
World Economy ◽  
Self Regulation ◽  
Developed Countries ◽  
Economic Sustainability ◽  
Contemporary World ◽  
Palabras Clave ◽  
The World ◽  
The Developed Countries ◽  
Regulatory Model ◽  
Sobre Todo

RESUMEN: Hace treinta años la economía mundial, sobre todo en los países desarrollados, sufría, como ocurre ahora, una fuerte crisis económica. De aquella situación surgió un nuevo modelo de regulación de las economías capitalistas al que se llamó neoliberalismo. Desde entonces, con mayor o menor fuerza, ha estado presente en todos los países, aprovechando las condiciones de estos para repetir constantemente los mismos principios: la reducción del Estado, las ventajas del mercado, la autorregulación de éste, etc. Aunque sus premisas parezcan simples o sencillas el neoliberalismo es un proyecto complejo y cambiante, cuya sustentabilidad política y económica se reinventa constantemente y cuya gobernanza y espacialidad es necesario observar y  analizar si se quiere avanzar en alternativas viables. El neoliberalismo no vive apartado de proyectos alternativos sino que se mezcla con las alternativas, tiene una forma de gobernanza que muta, que cambia. Con este artículo pretendemos conocer algo más sobre las semejanzas y diferencias que esta ideología presenta según los países.ABSTRACT: Thirty years ago the world economy, especially the developed countries, suffered, as it is the case now, a severe economic crisis. That situation arose a new regulatory model of capitalist economies is called neo-liberalism. Since then, with more or less force, has been present in all countries, taking advantage of these conditions to constantly repeat the same principles: the reduction of the State, the advantages of the market and self-regulation of this, etc. Although its premises seem simple or simple neo-liberalism is a complex and changing project whose political and economic sustainability constantly reinvents itself and whose governance and spatiality is necessary to observe and analyze whether you want to advance in viable alternatives. Neo-liberalism does not live away from alternative projects but is mixed with the alternatives, has a form of governance that mutates, which changes. With this communication we seek to know something more about the similarities and differences that this ideology presents of the countries. PALABRAS CLAVE: liberalismo, keynesianismo, neoliberalismo, ultraliberalismo.KEYWORDS: liberalism, keynesianism, neoliberalism, ultraliberalism.

scholarly journals COVID-19 and Chinese Global Health Diplomacy: Geopolitical Opportunity for China’s Hegemony?

2020 ◽  
Vol 11 (3) ◽  
pp. 318-340
Author(s):  
Priya Gauttam ◽  
Bawa Singh ◽  
Jaspal Kaur
Keyword(s):  
Global Health ◽  
Soft Power ◽  
Developed Countries ◽  
Healthcare Systems ◽  
Main Argument ◽  
Global Health Diplomacy ◽  
Health Diplomacy ◽  
The World ◽  
The Usa ◽  
The Developed Countries

Health diplomacy has remained an important part of foreign policy of major countries to expand their geopolitical influence across the world. Given the outbreak of COVID-19, the inadequate healthcare systems even of the developed countries have been exposed. Although China was blamed for the origination of COVID-19, concomitantly, the same country had exploited the global health emergency by putting its global health diplomacy in practice as a soft power tool to expand its geopolitical influence in term of hegemony, vis-→-vis the USA. Whereas, on the contrary, the USA and European Union (EU) have been critically entrapped in the pandemic and remained at crossroads, how to deal with the same locally and globally. In these contrasting roles and reciprocation, the main argument of the article is that China had made the best use of its health diplomacy to expand its geopolitical influence, while the USA and EU did not rise to the occasion; rather, their roles and reciprocation have remained delayed and inert. In this backdrop, the main focus of this article is to examine how China used its global health diplomacy as a soft power tool? Second, would China become hegemon in the present scenario vis-→-vis the USA?

scholarly journals KAJIAN DAMPAK KEBIJAKAN UNITED STATES GENERALIZED SYSTEM OF PREFERENCE (US-GSP) 2015 TERHADAP EKSPOR PRODUK PERIKANAN INDONESIA KE USA

2017 ◽  
Vol 6 (2) ◽  
pp. 135
Author(s):  
Rikrik Rahadian ◽  
Tajerin Tajerin ◽  
Zahri Nasution
Keyword(s):  
United States ◽  
European Union ◽  
United States Of America ◽  
Developed Countries ◽  
The European Union ◽  
Fish Processing ◽  
Generalized System ◽  
The World ◽  
The Usa ◽  
The Developed Countries

Sejak pertamakali diperkenalkan pada tahun 1970-an, Generalized System of Preference (GSP) telah diterapkan oleh negara-negara maju seperti United States of America (USA), Jepang dan European Union (EU). Meskipun bertujuan serupa, yaitu mendorong serta memfasilitasi perdagangan bagi negara-negara berkembang, namun pada penerapannya di masing-masing negara terdapat perbedaan pengaturan GSP – terutama terkait perihal daftar beneficiaries serta produk yang memperoleh fasilitas GSP. Tulisan ini bertujuan untuk mengkaji kebijakan US-GSP 2015 serta menganalisis besaran dampak kebijakan tersebut terhadap ekspor produk Kelautan dan Perikanan (KP) Indonesia di pasar ekspor USA. Untuk memperoleh informasi tersebut, maka dipergunakan model SMART yang dikembangkan oleh World Integrated Trade Solutions (WITS) untuk mengolah data perdagangan di USA pada tahun 2014, yang diperoleh dari database TRAIN-UNCTAD. Hasil simulasi menunjukkan bahwa rejim terkini GSP di USA (2015), jika dimanfaatkan, akan dapat mendorong peningkatan ekspor produk perikanan Indonesia ke USA, terutama untuk komoditas olahan. Ever since it was introduced in the 70’s, the Generalized System of Preference (GSP) has been adopted and implemented by the developed countries such as United States of America (USA), Japan and the European Union (EU). Despite its similar purpose, which is to encourage as well as facilitate trade for the developing countries, its implementations in each adopting country have been very customized – especially concerning the beneficiary list and GSP product list. The purpose of this paper is to analyze the impacts of US-GSP 2015 implementation towards Indonesian Fisheries Export to the USA. The research was conducted using a SMART model – an economic model developed by the World Integrated Trade Solution (WITS) – to simulate the impacts of the trade policy using the TRAIN-UNCTAD database. The simulation showed that the latest US-GSP regime, if completely utilized by the Indonesian Exporters, could actually boost Indonesian Fisheries Exports to the USA, especially for the fish processing products. 

scholarly journals Ghana's Evolutionary Role in a Changing World Economic Order

2020 ◽  
Vol 1 (1) ◽  
pp. 37-47
Author(s):  
Joel Osarcar Barima
Keyword(s):  
Developed Countries ◽  
Real Economy ◽  
African Countries ◽  
Knowledge Based ◽  
The World ◽  
Oil Wealth ◽  
The Developed Countries ◽  
State Of Affairs ◽  
World Economic Order ◽  
Oil Revenues

The world economy has been passing through interesting and significant changes for several years now promising for some (the emerging countries in particular) and not so promising for others (the developed countries). Huge transfer of resources has taken place and the process is continuing. In this context, it is but natural for African observers to raise the question: African share of world resources remaining somewhat unchanged (as per the World Bank data), what is the role and future of the African countries in this changing scenario? Are they going to be partners in the transfer of resources that is being experienced? An attempt has been made here to examine the case of Ghana – a leading economy in the continent. The author wouldcontendthatalthoughthecountryispoisedtogrowspectacularlyassomeforecasterswouldenvisage,thanks to the prospect of oil revenues, Ghana has to traverse a long way if it is to be noticed in the world bodies. Growth and development must occur in substantive measures from the present state of affairs. Agriculture, almost the backbone for any developing country, must take the lead to offer meaningful support to the more promising industry. The real economy, in its basic form, must be properly understood, developed and managed with strategic investments in place. And this must be followed by or accompanied with a vibrant knowledge-based service economy. Failing this, the burgeoning oil wealth may only be hallucinatory at best. Keywords: Ghanaianeconomy;Worldeconomicorder;Economicforecast

scholarly journals An overview of current situations of robot industry development

2018 ◽  
Vol 17 ◽  
pp. 03019 ◽  
Author(s):  
Qiong Wu ◽  
Yanjun Liu ◽  
Chensheng Wu
Keyword(s):  
Technology Innovation ◽  
Science And Technology ◽  
Developed Countries ◽  
Emerging Technology ◽  
Paper Briefly ◽  
Industry Development ◽  
Detailed Explanation ◽  
The World ◽  
The Usa ◽  
Robot Technology

As an industry of emerging technology, robot industry has become one of important signs to evaluate a country’s level in science and technology innovation and high-end manufacturing, and an important strategic field to take the preemptive opportunities in development of intelligent society. Developed countries such as the USA, Germany, France and Japan have formulated their robot R&D strategies and planning in succession. China boasts good industrial foundation and has made encouraging progress in the course of development of robot technology. This paper briefly discusses the application type of robot industry and current situations of robot industry development in countries around the world, and makes detailed explanation of current situations of robot industry development in China.

scholarly journals MODERN ANTI-CRISIS STRATEGIES OF DEVELOPED COUNTRIES

2020 ◽  
Author(s):  
Kateryna Sydorenko ◽  
◽  
Alla Vashchenko ◽  
Keyword(s):  
World Economy ◽  
Social Protection ◽  
Banking System ◽  
Developed Countries ◽  
Policy Support ◽  
Synthesis Methods ◽  
The World ◽  
Analysis And Synthesis ◽  
The Developed Countries ◽  
Crisis Strategies

The article is devoted to the study of the specifics of world crises, the study of modern anti-crisis strategies of developed countries and the substantiation of tools and mechanisms for overcoming crisis phenomena in the world economy. The object of research is the process of development and implementation of anti-crisis strategies in the leading countries of the world. The mechanisms of overcoming crisis phenomena in the developed countries of the world are the subject of the study. The article considers the essence of crisis phenomena in the world economy, critically examines the specifics of world economic crises, and studies the main types of crisis strategies of countries. The analysis of the peculiarities of application of modern methods and tools of strategic anti-crisis regulation, as well as the study of anti-crisis strategies and anti-crisis management programs of the EU and USA allowed proposing and substantiating priority areas of anti-crisis strategies of developed countries at the present stage. It is established that the main fields of application of anti-crisis policy of governments include monetary policy, support for the real sector of the economy, the banking system, fiscal policy and also social policy measures (social protection and reduction of unemployment). The article substantiates that each country develops its own optimal set of anti-crisis tools and mechanisms for their application, differ in scale, priorities, focus and ranking. The methodological bases of the study are both general and special methods of scientific knowledge: descriptive-analytical, analysis and synthesis, methods of quantitative and qualitative comparisons. Monographic research and periodical publications of domestic and foreign economists, materials and analytical reports of international organizations, international consulting companies and analytical centers are the information basis of the article. The results of the work can be used in further research and practical development in the planning and implementation of anti-crisis strategies of countries, including for Ukraine.

scholarly journals Integration Processes of the Republic of Azerbaijan to the World Economy

2020 ◽  
Author(s):  
Ramin İsmayilov
Keyword(s):  
Economic Development ◽  
World Economy ◽  
Developed Countries ◽  
Economic Relations ◽  
Economic Practice ◽  
World Markets ◽  
The World ◽  
The Republic ◽  
The Developed Countries

The article deals with the economic development characteristics of the Republic of Azerbaijan, the natural resources and production of Azerbaijan. After the independence, the policy of the new market economy followed by the Azerbaijani state and government and plans of how the developed countries will integrate their economic practice will be examined. With the new investments in the country and the introduction of the products to be produced in the world markets, the steps and plans to strengthen the economic relations with the world will be discussed. The role of Azerbaijan in the world economy, its foreign-economic relations with other states and continents were analyzed extensively. Proposals have been made to further develop and upgrade existing economic relations.

scholarly journals An assessment of informal SMEs’ potential in an African economy – theoretical and conceptual framework

2018 ◽  
Vol 7 (2) ◽  
pp. 1-13 ◽  
Author(s):  
Herrison Matsongoni ◽  
Emmanuel Mutambara
Keyword(s):  
Conceptual Framework ◽  
Small And Medium Enterprises ◽  
Developed Countries ◽  
African Continent ◽  
African Countries ◽  
The World ◽  
Fishbone Diagram ◽  
The Developed Countries ◽  
Medium Enterprises ◽  
Developed World

Informal Small and Medium Enterprises (SMEs) play a key role in their respective economies over the world particularly in the African continent. This paper reviews various theories on SMEs towards understanding the potential of the informal sector in the context of African countries. The paper uses a theoretical approach for the purpose of assessing the challenges that have affected the development of the informal SMEs sector over the years in both the developing and developed world. Economically developing countries in Africa pose unique challenges to informal SMEs development compared to the developed countries. The paper reviews the theories that define the rise to informality in Africa by identifying the key determinants for the emergence of informal SMEs. A conceptual framework for assessing informal SME’s potential for Africa is developed. The conceptual framework is based on the Fishbone diagram developed by Kaoru Ishikawa (1986). This paper discusses the intricacies of the applicability of the proposed conceptual framework to assess the potential of the informal SMEs in Africa and the way forward for the formalization debate.

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