New Growth Drivers for Low-Income Countries - The Role of the BRICs

Policy Papers ◽  
2011 ◽  
Vol 11 (99) ◽  
Author(s):  
Keyword(s):  
Low Income ◽  
Emerging Market ◽  
The United States ◽  
Low Income Countries ◽  
The European Union ◽  
Industrial Countries ◽  
Economic Relations ◽  
International Economic Relations ◽  
Potential Benefits

The emergence of BRICs—Brazil, Russia, India, and China—is reshaping low-income countries’ (LICs) international economic relations. While industrial countries remain LICs’ dominant development partners, LIC-BRIC ties have increased so rapidly over the past decade that BRICs have become new growth drivers for LICs. Trade with BRICs is already close to half of the value of combined trade with the European Union and the United States, and larger than with other emerging market economies. BRIC FDI and development financing are making a significant impact in some key areas despite their relatively small volumes compared with those from advanced countries. Beyond the increased flows of goods and capital, BRICs have brought new dynamics in LICs’ economic relations with the rest of the world, complementing as well as competing with OECD partners. Nevertheless, while potential benefits from the LIC-BRIC ties are enormous, there are challenges and risks in realizing such benefits.

Economic Regionalism Reconsidered

1961 ◽  
Vol 13 (2) ◽  
pp. 231-253 ◽  
Author(s):  
Lincoln Gordon
Keyword(s):  
The United States ◽  
International Markets ◽  
Special Importance ◽  
Foreign Economic Policy ◽  
Industrial Countries ◽  
Economic Relations ◽  
Primary Products ◽  
Structural Relationships ◽  
International Economic Relations ◽  
Do So

During the decade of the 1950's, considerable popularity was won for the idea that the restructuring of the world economy into regional blocs would mark a great forward step in international economic relations, and might also help resolve certain major international political problems. As the new decade begins, and as a new Administration takes office in Washington, it is timely to reappraise the validity of this idea. To do so is not to suggest that regionalism is the most important aspect of foreign economic policy for the new decade. There come readily to mind at least five other major topics: aid for economic development; stabilization of international markets for primary products; the policy of advanced industrial countries toward imports of low-wage manufactured goods from developing countries; the treatment of trade and aid activities of the Communist bloc; and the reduction of the balance-of-payments deficit of the United States. With respect to broad structural relationships, however, the future of economic regionalism is evidently a matter of special importance.

scholarly journals Jalur Sutra Kesehatan: Upaya China Mencapai Kepentingan Geopolitik Melalui Diplomasi Vaksin

2021 ◽  
Vol 8 (2) ◽  
pp. 130-142
Author(s):  
Gideon Candra Agape
Keyword(s):  
Low Income ◽  
The United States ◽  
Vital Role ◽  
Silk Road ◽  
Low Income Countries ◽  
United States Government ◽  
Rich Countries ◽  
World Distribution ◽  
The Eu

In early April 2021, China had contributed a vital role in the Covid-19 vaccine export. With the national pharmaceutical company Sinovac and Sinopharm China capable of producing over 250 million doses of vaccine, 118 million have been successfully exported to 49 countries according to Airfinity. The world distribution of the covid-19 vaccine has been deemed a failure by the WHO, from 448 million global doses only 0.1 percent of the vaccine were administered to low-income countries, and rich countries which hold 16 percent of the world's population receiving nearly half a global dose. China is able to answer the world's frustration with the western nationalism vaccine issue, as the EU and USA failed to help low-income countries to provide vaccine access. The nationalism vaccine discourages equality, as 200 million doses of vaccine produced by the United States government had approximately exported only about 4 million doses to other countries. This paper will answer how China gains global geopolitics through vaccine diplomacy? What is the role of diplomacy in promoting China's influence? Currently China focuses on expanding its influence over Asia and South America through vaccine diplomacy, under the BRI initiative this policy is then called the Health Silk Road. Keywords: Health Silk Road, Vaccine Diplomacy, Sinovac, Sinopharm

scholarly journals FOREIGN TRADE OF RUSSIA IN 2018: THE RISE CONTINUES

2019 ◽  
pp. 60-71
Author(s):  
Igor S. Gladkov
Keyword(s):  
Foreign Trade ◽  
Russian Federation ◽  
The United States ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
Current Trends ◽  
International Economic Relations ◽  
The Russian Federation ◽  
Positive Results

The article analyzes current trends in the dynamics and geographical structure of foreign trade relations of the Russian Federation, which appeared in 2018 as a continuation of the breakthrough achievements of Russia in this area in the preceding 2017. The past year was characterized by new, generally positive, shifts in the foreign trade of the Russian Federation, despite the rather tough conditions of the extension of anti-Russian restriction measures by the world's leading trade contractors – the United States, the European Union, Japan and other major suppliers to international product markets. At the same time, it should be taken into consideration that quite noticeable successes in Russian foreign trade practice were accompanied by other positive results in the development of the country's economy. Such circumstances are of particular importance in the context of the manifestation and growth in recent years of increasing uncertainty, unpredictability and, as a consequence, the general «turbulence» in the systems of the world economy and international economic relations. Therefore, the need for researching new trends gaining weight in the sphere of export-import contacts of theRussian Federationat the stage of exacerbation of the situation in the global commodity exchange is now quite naturally actualized.

Presence through absence? Understanding the role of capital in the African Human Rights Action Plan

2020 ◽  
Vol 58 (4) ◽  
pp. 579-600
Author(s):  
Obiora Chinedu Okafor ◽  
Sanaa Ahmed ◽  
Sylvia Bawa ◽  
Ibironke Odumosu-Ayanu
Keyword(s):  
Human Rights ◽  
Low Income ◽  
Action Plan ◽  
Significant Degree ◽  
Universal Declaration ◽  
Low Income Countries ◽  
Significant Extent ◽  
Global Capital ◽  
Market Practices

AbstractThis study examines the African Human Rights Action Plan (AHRAP) through the lens of Upendra Baxi's germinal theory on the emergence in our time of a ‘trade-related, market-friendly human rights’ (TREMF) thesis that is challenging the specific understandings of ‘people-centric’ human rights that are predicated in the letter and spirit of the Universal Declaration of Human Rights (UDH). Baxi contends, instead, that the dominant strands of the contemporary understandings of human rights are – for the most part – designed to protect the interests of global capital. That said, human rights frameworks in low-income countries need to be studied with a view to what they say and don't say about global capital. Despite its attempt to facilitate a progressive realisation of human rights in Africa, the AHRAP does not rise far enough above the TREMF paradigm to re-locate itself within the UDH one. This is due to the AHRAP not adequately theorising and analysing the role of capital in the (non)realisation of human rights in Africa. By allowing trade and market practices to slip to a significant extent beyond its purview, the AHRAP privileges – to a significant degree – the needs/interests of capital over the human rights of ordinary Africans. That is, the victims of the excesses of capital in Africa are reincarnated in the AHRAP document by the fact of their exclusion from it.

scholarly journals Tendencies of High-Skilled Migration coming from Romania. Favourable Legislation and Social Policies

2014 ◽  
Vol 1 (1) ◽  
pp. 65
Author(s):  
Alexandra Vilcu
Keyword(s):  
European Union ◽  
Social Protection ◽  
The United States ◽  
Communist Regime ◽  
Social Policies ◽  
The European Union ◽  
Skilled Migration ◽  
Economic Relations ◽  
Doctoral Programmes ◽  
Year 2000

The external migration of a significant part of Romania's high-skilled population is a social phenomenon which became increasingly frequent starting from the 1990s, right after the fall of the communist regime. The basis for this phenomenon consists of several causes: globalization, the strengthening of international economic relations, and later on, Romania's adhesion to the European Union. Research has shown that of all high-skilled population, the professionals who emigrate more frequently consist of engineers, teachers, medical staff, scientific researchers, economists and architects. Besides, the chosen destinations have been variable throughout time. The first phase in time took place in the 1990s, when a large part of the high-skilled population chose to emigrate for professional purposes in countries such as The United States of America, Canada, Germany or Israel. The second important phase occurred after year 2000, when the focus was placed on EU countries, especially after Romania's integration. Apart from temporary unqualified migration, the number of high-skilled migrants and those who leave the country to continue their studies also soared. The chosen countries generally include Great Britain, Germany, Belgium, France and Austria. Given these differences in the tendencies of high-skilled migration, this paper will offer an insight on how the phenomenon evolved, and the factors that caused these variations in space and time. Most likely, some of the countries that were preferred have been facilitating the integration of high-skilled immigrants in society, as opposed to unqualified ones, through a selective set of laws and social policies which are meant to favour this social category. Therefore, we will discover and analyze various examples and benefits of legislation and social policies which offered social protection to high-skilledimmigrants in various countries. This paper is made and published under the aegis of the Research Institute for Quality of Life, Romanian Academy, as part of the programme co-funded by the European Union within the Operational Sectorial Programme for Human Resources Development, through the Project for Pluri and Interdisciplinarity in doctoral and post-doctoral programmes. Project code: POSDRU/159/1.5/S/141086

scholarly journals The Development of Whistleblowing Laws in the United States and Europe (de lege ferenda remarks)

2021 ◽  
Vol 28 (2) ◽  
pp. 139-155
Author(s):  
Łucja Kobroń-Gąsiorowska
Keyword(s):  
United States ◽  
European Union ◽  
The United States ◽  
The European Union ◽  
Work Process ◽  
Free Markets ◽  
Member States ◽  
Communist Countries ◽  
Established Democracies

Corruption, harassment in a workplace, practices contrary to the correct work process, and many others are irregularities that can arise in any enterprise. This is a problem that affects established democracies and free markets and post-communist countries that are transitioning to democracy and market economies. While the causes of irregularities vary, the tools often suggested tackling them include that do not necessarily encourage potential whistleblowers to report them, whether inside or outside the organization. This article discusses the role of whistleblowing as a whistle­blowing tool. Describes the law and whistleblowing in a comparative context, focusing on the United States and the European Union. The article then concludes with recommendations for strengthening whistleblowing in Europe, where reporting irregularities is just beginning, and the level of protection differs between the Member States.

scholarly journals Leprosy and the Plague: State Surveillance of Low-Income Fathers

2013 ◽  
Vol 12 (1) ◽  
pp. 124-139
Author(s):  
Monika Jean Ulrich Myers ◽  
Michael Wilson
Keyword(s):  
Social Control ◽  
Low Income ◽  
Child Support ◽  
Justice System ◽  
The United States ◽  
Social Benefits ◽  
Child Support Enforcement ◽  
The Social ◽  
State Surveillance

Foucault’s theory of state social control contrasts societal responses to leprosy, where deviants are exiled from society but promised freedom from social demands, and the plague, where deviants are controlled and surveyed within society but receive some state assistance in exchange for their cooperation.In this paper, I analyze how low-income fathers in the United States simultaneously experience social control consistent with leprosy and social control consistent with the plague but do not receive the social benefits that Foucault associates with either status.Through interviews with 57 low-income fathers, I investigate the role of state surveillance in their family lives through child support enforcement, the criminal justice system, and child protective services.Because they did not receive any benefits from compliance with this surveillance, they resisted it, primarily by dropping “off the radar.”Men justified their resistance in four ways: they had their own material needs, they did not want the child, they did not want to separate from their child’s mother or compliance was unnecessary.This resistance is consistent with Foucault’s distinction between leprosy and the plague.They believed that they did not receive the social benefits accorded to plague victims, so they attempted to be treated like lepers, excluded from social benefits but with no social demands or surveillance.

scholarly journals Satisfaction with health care system: A comparative study between market-based insurance model of the United States and “out-of-pocket” model in developing and low-income countries

2020 ◽  
Vol 6 (1) ◽  
pp. 41
Author(s):  
Ram Lakhan ◽  
Sean Y. Gillette ◽  
Sean Lee ◽  
Manoj Sharma
Keyword(s):  
United States ◽  
Health Care ◽  
Health Care System ◽  
Undergraduate Students ◽  
Low Income ◽  
Access To Health Care ◽  
The United States ◽  
Low Income Countries ◽  
Healthcare Needs ◽  
Care System

Background and purpose: Access to healthcare services is an essential component for ensuring the quality of life. Globally, there is inequity and disparities regarding access to health care. To meet the global healthcare needs, different models of healthcare have been adopted around the world. However, all healthcare models have some strengths and weaknesses. The purpose of this study was to examine the satisfaction among a group of undergraduate students from different countries with their health care models namely, insurance-based model in the United States and “out-of-pocket” model prevalent in low-income countries.Methods and materials: The study utilized a cross-sectional research design. Undergraduate students, representing different nationalities from a private Southeastern College, were administered a researcher-designed 14-item self-reported electronic questionnaire. Independent t-test and χ2 statistics were used to examine the differences between two health care systems and the qualitative responses were analyzed thematically.Results: Satisfaction towards health care system between the United States and low-income countries was found significantly different (p < .05). However, students in both settings experienced an inability toward affording quality healthcare due to economic factors and disparities.Conclusions: There is dissatisfaction with health care both in the United States and low-income developing countries among a sample of undergraduate students representing these countries. Efforts to ensure low-cost affordable health care should be a global goal.

scholarly journals Analysis of Renewable Energy Directive Ii on Trading of Indonesian Palm Oil Associated with GATT

Yuridika ◽  
2021 ◽  
Vol 36 (3) ◽  
pp. 509
Author(s):  
Amanda Fadhilla Chairunisa ◽  
Imam Haryanto
Keyword(s):  
International Economic ◽  
European Union ◽  
Renewable Energy ◽  
Palm Oil ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
Macro Scale ◽  
International Economic Relations ◽  
Gatt 1947

International economic relations sure is very important for a country and the important thing that follows is the policy that regulates international economic relations it self. In this study, the authors will analyze hows  Renewable Energy Directive II (RED II) policy as a derivative of the RED (Renewable Energy Directive) policy by the European Union will affect the Indonesian palm oil trade which this also would show the violations of previous policies that is General Agreement on Tarifs and Trades. Authors also going to show General Agreement on Tariffs and Trade (GATT) as a policy that regulates how international trade relations should be carried out and the violations of this international agreement undoubtedly could affect Economic relations between the two countries, both on a micro scale and macro scale. In conducting the research authors will be using the normative juridical methods which means the legal research will be based off library materials and secondary materials therefore the main result from this study would be a reflection of how RED II can affect trade in indonesian palm oil products and also by effecting this regulation in 2021 the european union will be violating the non-discrimination principle in GATT 1947.

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