scholarly journals English Borrowings in the Russian and Chinese Languages in the Sphere of Trade

2021 ◽  
pp. 107-123
Author(s):  
Keyword(s):  
International Trade ◽  
Future Development ◽  
World Economy ◽  
Specific Character ◽  
Current Policy ◽  
Professional Work ◽  
Separate Spheres ◽  
Cultural Phenomenon ◽  
The World ◽  
The Impact

The article examines the linguistic and cultural phenomenon of borrowing English words in the Chinese and Russian languages in the commercial sphere as a consequence of the growing influence of English in the context of globalization. Today English has become common in every country, and more and more people are beginning to speak English. Sometimes this interest is prompted by a desire to explore international culture and to travel. However, with increasing frequency, the knowledge of English is seen as necessary for professional work, because English has become a universal tool of communication in business, commerce, and international trade. This phenomenon of Anglicization is definitely present both in China and Russia, and the article looks at the vocabulary sphere which is especially vulnerable to bor-rowings: that of commercial and trade terminology. The article gives a review of phonetic borrowings from English into Chinese and Russian, focusing on the specific character of borrowings in Chinese in connection with peculiarities of the script and sounds. It also presents respective examples of borrowings in the sphere of trade, seeks to understand why English terms are borrowed into both languages, and introduces the classification by K. Palmgren which includes commercial borrowings. The author recognizes that both China and Russia are somewhat concerned about the impact of English on their languages, feeling that the increased influx of English words and phrases may pose a threat to their future development and even potentially slow it down. The influence of English on modern Chinese and Russian languages is undoubtedly significant, and, with current policy, aimed at integration into the world economy, this influence is only expected to grow. In the context of increasing commercial connections between the countries, Anglicisms continue to replace the Russian vocabulary. However, it primarily concerns the vocabulary of trade and commerce, while in daily communication English borrowings are used much more rarely. Thus, the author concludes that, although there is a tendency toward fully replacing Russian trade and commercial terms with those of English origin and, in all probability, this tendency will only be expanding, such penetration of Anglicisms into separate spheres doesn’t threaten the integrity of the language system as a whole.

scholarly journals International trade and uneven distribution of income

2018 ◽  
Keyword(s):  
International Trade ◽  
Income Distribution ◽  
20Th Century ◽  
World Economy ◽  
Well Being ◽  
Uneven Distribution ◽  
General Nature ◽  
The World ◽  
The Impact ◽  
Distribution Of Income

The turbulent events of the last quarter of the 20th century (the collapse of the socialist system and the transition of the post-socialist countries to a market economy, China's accession to the world market and the successive trends of trade liberalization in a number of countries) do not doubt that trade and technology play an important role in changing the structure of production and wages throughout the world. At the beginning of the 20th century globalization tendencies were transformed into a deglobalization. This was partially due to the fact that growth of international trade did not properly contribute to the welfare of people and the mitigation of income polarization as it was expected to. Although, there is no doubt that trade and technology have played an important role in the change of production structure and salaries around the world. The subject of research in the article are the main causes and consequences of the polarization of income in the world economy. The purpose of the study is to identify the impact of the growth of international trade on human well-being and reduction of income polarization.The main objective of the study is to analyze the dynamics of income distribution in the world in the context of the expansion of international trade. The article uses general scientific methods: system analysis - to determine the features of the development of international trade, a method of scientific abstraction that allows to present the general nature of the uneven distribution of income in the world economy and to make assumptions about the expected future through extrapolating data. Results: Based on the analysis of the dynamics of the change in the basic indicators of income distribution, the problem aspects of the impact of international trade on the polarization of the world population's incomes are revealed.Conclusion:According to studies,economic growth rates deepened inequality between countries, as some have learned to benefit from new opportunities better than others. Moreover, it turned out that trade is affecting the labor market disproportionately even within one country.

scholarly journals THE IMPACT OF THE COVID-19 PANDEMIC ON GLOBALIZATION PROCESSES IN THE WORLD ECONOMY

2021 ◽  
Author(s):  
Tetyana Yasinska ◽  
Marta Naychuk-Khrushch
Keyword(s):  
International Trade ◽  
Multinational Corporations ◽  
Global Economy ◽  
World Economy ◽  
High Efficiency ◽  
Driving Forces ◽  
Important Indicator ◽  
The World ◽  
Business Entities ◽  
The Impact

In recent decades, the world economy has been actively moving towards an integrated global economic system, characterized by the reduction of barriers to international trade and investment, "reduction" of distances through the development of modern means of transportation and communication, smoothing cultural differences. This process, called globalization, has become an integral feature of the world economy in recent decades. However, in 2020, the globalization process was affected by quarantine restrictions caused by the Covid-19 pandemic. The study of the features and consequences of such influence is especially relevant given that globalization processes form the environment for the functioning of the subjects of international economic relations. The article analyzes the features and consequences of the COVID-19 pandemic on globalization processes in the world economy. The essence of globalization and its key features, opportunities and threats of the globalization process for international business entities are revealed, the driving forces of globalization are revealed. The impact of the coronavirus pandemic on the dynamics of international trade and world gross domestic product is analyzed. The forecast values of these indicators for 2021-2022, presented by the World Trade Organization, are revealed. The key aspects of the policy of governments in a pandemic are highlighted. The impact of quarantine restrictions on transport and migration worldwide has been demonstrated. The state and prospects of world investments after the pandemic are assessed. Of particular note is the fact that the vast majority of international companies, despite the severe consequences of the pandemic for their activities, have not begun to break their international ties with contractors and focus on domestic production. The production chains of multinational corporations, built over the years to ensure high efficiency, did not break down due to the temporary difficulties associated with the pandemic. This is an important indicator that allows us to say that there are no significant prerequisites for expecting active deglobalization processes in the world. In view of the research, the conclusions on the slowdown of the global economy under the influence of the pandemic and the absence of signs of active deglobalization are formulated and substantiated.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

scholarly journals The impact of the COVID-19 pandemic on socio-economic and sustainability

2021 ◽  
Author(s):  
Xueli Wei ◽  
Lijing Li ◽  
Fan Zhang
Keyword(s):  
World Economy ◽  
Social Economy ◽  
Secondary Data ◽  
Well Being ◽  
Cross Sectional ◽  
The Social ◽  
The World ◽  
The Status ◽  
Sectional Analysis ◽  
The Impact

Pumping elephantThe COVID-19 pandemic has adversely affected the lives of people around the world in millions of ways . Due to this severe epidemic, all countries in the world have been affected by all aspects, mainly economic. It is widely discussed that the COVID-19 outbreak has affected the world economy. When considering this dimension, this study aims to examine the impact of the COVID-19 pandemic on the world economy, socio-economics, and sustainability. In addition, the research focuses on multiple aspects of social well-being during the pandemic, such as employment, poverty, the status of women, food security, and global trade. To this end, the study used time series and cross-sectional analysis of the data. The second-hand data used in this study comes from the websites of major international organizations. From the analysis of secondary data, the conclusion of this article is that the impact of the pandemic is huge. The main finding of the thesis is that the social economy is affected by the pandemic, causing huge losses in terms of economic well-being and social capital.

The world economy

1998 ◽  
Vol 165 ◽  
pp. 35-42
Author(s):  
Nigel Pain
Keyword(s):  
Capital Market ◽  
World Trade ◽  
Global Economy ◽  
World Economy ◽  
Domestic Demand ◽  
The World ◽  
Asian Economies ◽  
Trade Growth ◽  
The Impact ◽  
The Capital Market

Developments in the Asian economies have clearly begun to be felt in the wider global economy in recent months. It has always been expected that the OECD economies would be affected by the aftermath of the capital market turmoil last year, although the timing and magnitude of the impact was difficult to predict. Domestic demand in the affected Asian economies has proved much weaker than expected, with the effects magnified by a continued downturn in Japan. GDP fell by 5¾ per cent in Korea in the first quarter of this year and by 1¼ per cent in Japan. The aggregate volume of merchandise imports in Asia is expected to decline by around 5½ per cent this year, with falls of up to 25 per cent in countries such as Korea, Thailand and Indonesia. This largely accounts for our projected decline in world trade growth to under 6 per cent this year from an estimated 9¾ per cent in 1997.

Neuroscience20 (BRAIN20, SPINE20, and MENTAL20) Health Initiative: A Global Consortium Addressing the Human and Economic Burden of Brain, Spine, and Mental Disorders Through Neurotech Innovations and Policies

2021 ◽  
pp. 1-39
Author(s):  
Kevin Morris ◽  
Mohammad Nami ◽  
Joe F. Bolanos ◽  
Maria A. Lobo ◽  
Melody Sadri-Naini ◽  
...  
Keyword(s):  
Mental Disorders ◽  
Neurological Disorders ◽  
World Economy ◽  
Disease Burden ◽  
The United States ◽  
Fast Tracking ◽  
The World ◽  
Life Threatening ◽  
The Cost ◽  
The Impact

Neurological disorders significantly impact the world’s economy due to their often chronic and life-threatening nature afflicting individuals which, in turn, creates a global disease burden. The Group of Twenty (G20) member nations, which represent the largest economies globally, should come together to formulate a plan on how to overcome this burden. The Neuroscience-20 (N20) initiative of the Society for Brain Mapping and Therapeutics (SBMT) is at the vanguard of this global collaboration to comprehensively raise awareness about brain, spine, and mental disorders worldwide. This paper aims to provide a comprehensive review of the various brain initiatives worldwide and highlight the need for cooperation and recommend ways to bring down costs associated with the discovery and treatment of neurological disorders. Our systematic search revealed that the cost of neurological and psychiatric disorders to the world economy by 2030 is roughly $16T. The cost to the economy of the United States is $1.5T annually and growing given the impact of COVID-19. We also discovered there is a shortfall of effective collaboration between nations and a lack of resources in developing countries. Current statistical analyses on the cost of neurological disorders to the world economy strongly suggest that there is a great need for investment in neurotechnology and innovation or fast-tracking therapeutics and diagnostics to curb these costs. During the current COVID-19 pandemic, SBMT, through this paper, intends to showcase the importance of worldwide collaborations to reduce the population’s economic and health burden, specifically regarding neurological/brain, spine, and mental disorders.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

scholarly journals Trade Agreements, Competition, and the Environment: Gridlock at the Crossroads

1994 ◽  
Vol 26 (1) ◽  
pp. 97-107 ◽  
Author(s):  
James L. Seale ◽  
Gary F. Fairchild
Keyword(s):  
International Trade ◽  
Natural Resources ◽  
World Economy ◽  
Uruguay Round ◽  
Task Force ◽  
Trade Agreements ◽  
Southern Region ◽  
Agricultural Commodities ◽  
Trade And The Environment ◽  
The World

In the 1980s, few agricultural economists, particularly from the Southern Region, published works on international trade or the globalization of the world economy. The initiation of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1986 stimulated such writings as the Southern Agriculture in a World Economy series by the Southern Region Extension International Trade Task Force (Rosson et al.). An even smaller number of agricultural economists were writing on policy linkages between trade and the environment. An early effort to remedy this situation was the Workshop on Linkages between Natural Resources and International Trade in Agricultural Commodities (Sutton).

scholarly journals HORIZONS OF RESEARCH IN GEOGRAPHY OF THE WORLD ECONOMY

HERALD ◽  
2017 ◽  
Vol 8 (20) ◽  
Author(s):  
Vladimir Alexandrovich Kolosov ◽  
Elena Alexandrovna Grechko ◽  
Xenia Vladimirovna Mironenko ◽  
Elena Nikolayevna Samburova ◽  
Nikolay Alexandrovich Sluka ◽  
...  
Keyword(s):  
Developing Countries ◽  
Division Of Labor ◽  
Global Economy ◽  
World Economy ◽  
Spatial Organization ◽  
Modern World ◽  
High Tech ◽  
Research Activities ◽  
The World ◽  
The Impact

The advent of "world economic transition" and the formation of a multipolar world is closely linked, according to experts, with loss of globalization advances, which strengthens regionalism, increases diversification and fragmentation of the modern world, creating risks and threats to the world development. In this light studying the spatial organization of the global economy becomes more important, and at the same time that complicates the choice of priorities in the research activities of the Department of geography of the world economy, Faculty of Geography, Moscow State Lomonosov University in 2016-20, requiring a new research “ideology”. The article summarizes some ideas expressed by the department staff. It specifies that concept of territorial division of labor, as well as the defined set of key actors in the world economy and common assumptions regarding their contributions to its development needs a significant revision. The above firstly concerns giant developing countries, in particular rapidly growing China – a kind of locomotive entraining other developing states. Further, the impact of multinationals on the overall architecture and the territorial organization of the global economy becomes more and more tangible. This phenomenon requires the creation of a new scientific area of concern – the corporate geography as a tool to thoroughly investigate the transnational division of labor. Changes in the balance of acting forces are closely related to changes in industry composition and spatial organization of the global economy. The article raises the issues of development of such processes as tertiarization of the economy, reindustrialization and neoindustrialization, the latter being understood as an evolutionary transition to a knowledge-intensive, high-tech, mass labor-replacing and environmentally efficient industrial production. Basing on preliminary research from the standpoint of a relatively new methodological approach – formation of value chains – the vector of "geographical transition" " in their creation from developed to developing countries was designated. This means increasing complexity of the territorial structure of the world economy and an increase in the importance of semi-periphery. A spatial projection of globalization processes in the form of emerging “archipelago of cities”, which consolidates the international network of TNCs as the supporting node frame of the global economy requires close attention and analysis. The need of comprehending the study scope in the field of geography of the world economy in medium Atlas Information Systems (AIS), which in terms of functionality belong to the upper class of electronic atlases, is noted.

scholarly journals Logística e comércio internacional da fruticultura no estado de Minas Gerais - Brasil

2019 ◽  
pp. 28-53
Author(s):  
Igor Martins Oliveira ◽  
Luiz Andrei Gonçalves Pereira
Keyword(s):  
International Trade ◽  
World Economy ◽  
International Markets ◽  
Minas Gerais ◽  
Trade Flows ◽  
The Road ◽  
Goods And Services ◽  
The World ◽  
Import And Export ◽  
Transport Logistics

Na era globalização, a economia mundial tem vivenciado um processo de reestruturação produtiva, intensificando os fluxos nos territórios inerentes às interações espaciais de recursos, de bens e de serviços que circulam entre os mercados nacionais e internacionais. O objetivo deste trabalho é analisar as dinâmicas socioespaciais dos fluxos de comércio internacional do estado de Minas Gerais por meio da logística das redes de importações e de exportações de frutas, no período de 2000 a 2017. Como resultado, identificou-se que, no mercado externo de frutas, Minas Gerais se relaciona comercialmente com 88 países, sendo 52 nas redes de exportação e 36 na rede de importação. Na operacionalização dos fluxos no comércio global, a logística de transportes foi realizada através dos modais rodoviário, marítimo e aéreo, configurando-se como um elemento geográfico, visto que as transações comerciais demandam o gerenciamento da fluidez, do planejamento e da organização dos diferentes territórios.PALAVRAS-CHAVE: Logística, Comércio Internacional, Fruticultura. ABSTRACTIn the era of globalization, the world economy has undergone a process of productive restructuring, intensifying flows in the territories inherent to the spatial interactions of resources, goods and services that circulate between national and international markets. The objective of this work is to analyze the sociospatial dynamics of the international trade flows of the state of Minas Gerais through the logistics of import and export fruit networks, from 2000 to 2017. As a result, it was identified that in the market Minas Gerais has a commercial relationship with 88 countries, 52 in export networks and 36 in the import network. In the operationalization of flows in global trade, transport logistics was carried out through the road, sea and air modalities, being configured as a geographic element, since commercial transactions demand the management of the fluidity, planning and organization of the different territories.KEYWORDS: Logistic, International Trade, Fruticulture.

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