scholarly journals Reflections on the Economy of ASEAN countries in the face of the Covid-19 Pandemic

2021 ◽  
Vol 2 (1) ◽  
pp. 1-5
Author(s):  
Linh Benson ◽  
Tienne Nhung
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Economic Factors ◽  
Economic Stability ◽  
World Community ◽  
Production Factors ◽  
The World ◽  
The Face ◽  
Asean Countries ◽  
Negative Growth

This article discusses the Economic Reflections of Asean countries in facing the Covid-19 Pandemic in several Asean countries, namely Vietnam, Malaysia and Indonesia. Vietnam's economic growth was victorious, the economies of various countries in other Southeast Asian regions were battered by the corona virus. The process of economic growth is influenced by two kinds of factors, namely economic factors and non-economic factors. Economic factors, which are none other than production factors, are the main force affecting economic growth. Malaysia has proven to the world community that its country is capable of managing its economy even in challenging circumstances. He quoted the IMF as global economy recorded negative growth and in Indonesia it seems that contraction in income activities in some income classes is affected. In the second quarter there is a slowdown, then in the third quarter the savings are enormous. It could be that consumption, which has been a factor in economic growth, will be a challenge. In an effort to maintain economic stability during the Covid-19 pandemic. This reflects that the economies of ASEAN countries, even in the world, are currently under the same pressure due to the Covid-19 virus pandemic, the world economy this year will experience a recession.

scholarly journals Insourcing as a New Trend in Global Business

2013 ◽  
Vol 5 (2) ◽  
pp. 7-24
Author(s):  
Jadwiga Chudzicka
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Business ◽  
Traditional Management ◽  
The World ◽  
Current Economic Situation ◽  
The Face ◽  
World Economic ◽  
Job Category ◽  
World Economic Crisis

AbstractIn the face of world economic crisis, it is worth considering ‘what changes in thinking are needed to revive the global economy?’ Traditional management methods have already lost much of their potential. Keeping the compliance of job category with human nature is an important factor supported by insourcing. The purpose of this study was to answer the question whether the current economic situation in the world is more profitable to firms sending domestic jobs overseas, or perhaps - in the end - it is better to use insourcing services, providing employment to workers in their home countries

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

scholarly journals Classification of integration associations according to the degree of development of a single transport space

2019 ◽  
Vol 27 (2) ◽  
pp. 375-385
Author(s):  
Mikhail S Komov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Growth Rates ◽  
World Economy ◽  
Transport Sector ◽  
Special Importance ◽  
The World ◽  
Definition Of ◽  
Negative Growth

In modern conditions of development of integration processes in the world economy, special importance is attached to the transport sector. The formation of a single transport space (STS) in the regions creates additional opportunities for the economic development of the integrating countries. At the same time, the literature does not pay enough attention to the definition of the essence of the single transport space and the classification of integration associations according to the degree of its development. Therefore, there is a need to develop such a classification. The article substantiates the expediency of classification of integration associations according to the degree of development of a single transport space. The author's formal-logical classification is developed, which is based on three basic types of a single transport space: transport and logistics type provide a positive multiplier of integrated economic growth for all participating countries; innovative-logistic and customs-logistic types cause polarization in the action of the multiplier of integrated economic growth (in particular, both positive and negative growth rates of GDP values of the participating countries are possible); industrial and logistics type provide a zero multiplier of integrated economic growth for all participating countries. The conclusion is made about the possibility of unification and harmonization of transport space in the practice of integration associations on the basis of the developed classification.

Challenges for Vietnam in the Globalization Era

2018 ◽  
Vol 9 (1) ◽  
Author(s):  
Dong Phong Nguyen ◽  
Viet Tien Ho ◽  
Xuan Vinh Vo
Keyword(s):  
Economic Growth ◽  
Value Chain ◽  
Global Economy ◽  
Global Value Chain ◽  
Domestic Markets ◽  
Wide Range ◽  
The World ◽  
Growth Prospects ◽  
Economic Slowdown ◽  
Emerging And Developing Countries

Abstract Emerging and developing countries around the world are playing an increasingly important role in the global economy. They move up in the global value chain very quickly. However, these countries constantly facing a plethora of challenges covering a wide range of issues. This paper addresses some key challenges confronting Vietnam economy which potentially deteriorate its economic growth prospects. These include economic slowdown, credit booming, the rise of protectionism around the world, and risk from greater opening of the domestic markets. Addressing these challenges are important for Vietnam to maintain its comparative advantage and foundation for economic growth.

Putinomics

2018 ◽  
Author(s):  
Chris Miller
Keyword(s):  
Economic Policy ◽  
Oil Prices ◽  
Great Power ◽  
Economic Policies ◽  
Economic Stability ◽  
Economic Strategy ◽  
The World ◽  
The Face ◽  
Vladimir Putin

When Vladimir Putin first took power in 1999, he was a little-known figure ruling a country that was reeling from a decade and a half of crisis. In the years since, he has reestablished Russia as a great power. How did he do it? What principles have guided Putin's economic policies? What patterns can be discerned? In this new analysis of Putin's Russia, Chris Miller examines its economic policy and the tools Russia's elite have used to achieve its goals. Miller argues that despite Russia's corruption, cronyism, and overdependence on oil as an economic driver, Putin's economic strategy has been surprisingly successful. Explaining the economic policies that underwrote Putin's two-decades-long rule, Miller shows how, at every juncture, Putinomics has served Putin's needs by guaranteeing economic stability and supporting his accumulation of power. Even in the face of Western financial sanctions and low oil prices, Putin has never been more relevant on the world stage.

scholarly journals THE CIVILIZATION IDEA OF RUSSIA AS A FACTOR OF GLOBAL SECURITY

2020 ◽  
Vol 3 (3) ◽  
pp. 35-39
Author(s):  
Evgeny A. Khodakovsky
Keyword(s):  
Political Development ◽  
Global Economy ◽  
World Order ◽  
Global Security ◽  
Total Uncertainty ◽  
New Model ◽  
World Community ◽  
Western Model ◽  
The World

Modern transformations of the world community lead to the increasing of the global risks and to the decreasing of the significance of the western model of socio-political development, the ideological basis of which is liberalism, which still plays an important role in the integration processes of our time. The crisis trends in the global economy and politics have worsened in connection with the COVID-19 pandemic and have exposed the inadequacy of the recently developed interpretations of liberalism to the objective requirements of global security. The development of the civilization idea of Russia, based on the coordination of the concepts of freedom, responsibility and security in the conditions of contradictory interaction of internal and external risks, will serve to reduce the degree of total uncertainty. The ideologem of "Risk, Responsibility and Freedom" can also contribute to the development of a new model of the world order and to the resolution of global security problems.

scholarly journals EVALUATION OF THE INVESTMENT CLIMATE IN MEKONG DELTA: THE CASE OF CAN THO AND HAU GIANG

2014 ◽  
Vol 17 (3) ◽  
pp. 101-116
Author(s):  
Trung Quang Nguyen ◽  
Cuong Vu Tuan Hong
Keyword(s):  
Capital Investment ◽  
Innovation Policy ◽  
Mekong Delta ◽  
Economic Factors ◽  
Investment Climate ◽  
Production Factors ◽  
The World ◽  
Investment Capital ◽  
Socio Economic Factors

Many countries in the world, especially developing ones, are striving to attract investment capital. This is also the top concern of People's Committees of provinces/ cities across Vietnam. Although many localities in Mekong Delta have endeavored to call for capital investment in recent years, results were not as expected. The purpose of this paper is to provide a theoretical basis underlying the investment climate along with indicators used to evaluate it. Results indicated that the current managementmechanisms of localities are very good and the remaining weakness lies at socioeconomic factors. Therefore, to be competitive in attracting investment capital, the localities need to upgradebasic production factors under socio-economic ones. However, in order to efficiently promote the socio-economic factors, the localities should be active in management mechanisms through the establishment of flexible capital investment attraction policies. This is because the competitiveness should be based on a dynamic innovation policy which creates a differentiation among localities when comparative advantage is no longera steady pillar for a long-term strategy.

scholarly journals Modern Increasing Environmental Problems of Atmosphere Pollution Leading to Significant Increase in Planet Population Deaths and Economic Damage to Global Economy

2021 ◽  
Author(s):  
Vadim Azarov ◽  
Vadim Kutenev
Keyword(s):  
Global Economy ◽  
Environmental Problems ◽  
Economic Damage ◽  
Economic Problems ◽  
World Community ◽  
The World ◽  
Atmosphere Pollution

The article analyzes two existing social, technical and economic problems which the world community shall focus on and pay special attention to.

scholarly journals The Importance Of SMEs On World Economies

2019 ◽  
Author(s):  
Murat Bayraktar ◽  
Neşe Algan
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Global Economy ◽  
World Economy ◽  
Poverty Reduction ◽  
National Development ◽  
Business Sector ◽  
Developed Economies ◽  
Turn On ◽  
The World

The importance of SMEs to world economies is well reported. SMEs (firms with 200 or less employees) construct the biggest business sector in each global economy therefore governments around the world are increase the effort to promote and support SME expansion as their national development strategy. Micro firms and SMEs are forming the majority of firms in most countries (which 95% on average) and for the large majority of jobs. While SMEs are dominating of very great numbers, SMEs are significant due to their importance as priority drivers to employment, economic growth and innovation. According to the World Trade Organization SMEs represent over 90% of the business population, 60-70% of employment and 55% of GDP in developed economies. SMEs held for around 20% of patents, one measure of innovation, in biotechnology-related fields in the Europe. As the world economy faces with prevailing challenges, governments increasingly start to turn on SMEs as a significant element of sustainable and inclusive economic growth. The importance of SMEs to; economic growth, poverty reduction, innovation and job creation also social cohesion are major key.

ICSID’s Relevance for Africa: A Symbiotic Bond Beyond Time 

2019 ◽  
Vol 34 (2) ◽  
pp. 519-541
Author(s):  
Prof Dr Mohamed S Abdel Wahab
Keyword(s):  
Economic Growth ◽  
Global Economy ◽  
Status Quo ◽  
Symbiotic Relationship ◽  
Belt And Road Initiative ◽  
African Continent ◽  
The Past ◽  
The World ◽  
The Status ◽  
Belt And Road

Abstract Africa's human, natural and legal diversity and wealth have always positioned the Continent as a desired investment destination. Historically, Africa contributed in shaping the ISDS system, and since the turn of the 21st Century, the Continent is witnessing considerable economic growth and is attracting many investors from around the world and especially China, which strengthens Africa's integration in the global economy. The past decade has also witnessed an increase in the number of BITs signed by African States, as well as in the number of investment legislations enacted and modernized. This article addresses the increase of investment in the African Continent, the new Belt and Road Initiative (BRI) and its potential for investments in the African Continent, sheds light on the status quo of the African arbitration landscape, provides an overview of the ICSID-Africa symbiotic relationship, emphasizes the uniqueness of the ICSID system in offering adequate dispute resolution schemes for investment disputes involving African parties and concludes by offering some concluding remarks and observations on the future of arbitration on the African Continent.

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