scholarly journals Global Cooperation or Rival Trade Blocs?

1995 ◽  
pp. 327-347
Author(s):  
Gerd Junne
Keyword(s):  
Strategic Alliances ◽  
World Economy ◽  
The United States ◽  
Control Points ◽  
Economic Relations ◽  
Collective Management ◽  
Trade Blocs ◽  
International Economic Relations ◽  
The World ◽  
The Impact

This paper examines the question of whether the world will continue to move toward a liberal, multi-lateral world trade system or whether it will fall apart into rival trade blocs. It starts with a short comparison of different scenarios for the development of the world economy. It then tries to illustrate the importance of developments inside the major trade blocs for the relationships between these blocs, taking as an examples (a) the impact of Gernam reunification, (b) the impact of a possible break-up of China, and (c) the impact of domestic polarization within the United States. It then discusses how different research avenues give rise to different expectations with regard to cooperation versus rivalry. For instance, from a long waves perspective increasing rivalry can be expected. However, an analysis of strategic alliances points in the direction of more cooperation and collective management of international economic relations. And finally, analyses that give more attention to the internal restructuring of companies lead to the hypothesis that new societal demands for a more active state will be articulated, implying more frictions at the international level. An analysis in terms of "concepts of control" points in the same direction. The tenative conclusion of this paper, meanwhile, is that "managed rivalry" will characterize future relations between the main trading blocs.

US-China trade war: Russia's risks

2020 ◽  
Vol 17 (2) ◽  
pp. 56-65
Author(s):  
O. V. Ignatova ◽  
O. A. Gorbunova
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis.On the basis of a regional approach and analysis of statistical data it became possible to make an assessment of the effects that the US-PRC rivalry has on mutual trade, investment and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian-Chinese relations are reaching a new level of development, the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities, but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

Impact of Global Economic Challenges on the Development of Future Markets

2019 ◽  
pp. 34-42
Author(s):  
Yu. G. Lavrikova ◽  
E. L. Andreeva ◽  
A. G. Tarasov ◽  
A. V. Ratner
Keyword(s):  
International Economic ◽  
World Economy ◽  
Economic Recession ◽  
Service Development ◽  
Economic Relations ◽  
Stage Of Development ◽  
Global Challenges ◽  
International Economic Relations ◽  
The World ◽  
The Impact

The topic of the study is relevant due to the fact that the world economy and international economic relations are influenced by global challenges. In this context, the formation of a new technological paradigm based on digitalization is an important trend.Aim. The presented study aims to determine the effects of global economic challenges on the development of future markets.Tasks. The authors determine the essence of global challenges at the current stage of development of the world economy and specific aspects of international economic relations; substantiate the emergence and nature of future markets and analyze the impact of global challenges on their development.Methods. The major modern global challenges are systematized with allowance for their current and potential impact on the development of future markets. The essence and nature of the current development of future markets are analyzed. This study uses the methods of comparative analysis and economic-statistical (including correlation) analysis to examine and compare the dynamics of the indicators of future markets and indicators of world economy development.Results. The analysis shows that future technology markets have their own features, such as customization of production, after-sales service, development of cross-sectoral ecosystems, etc. The identified global challenges include global economic recession, growth of trade barriers, and increased global competition, which can be both limiting and stimulating for future markets.Conclusions. On the global economic scale, future markets can be identified as a competitive path towards solving environmental, technological, socio-economic, and other global problems. The corresponding markets can ensure significant potential for economic growth.

scholarly journals US–China Trade War: Russia’s Interests

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Olga V. Ignatova ◽  
Olga A. Gorbunova ◽  
Olga Yu. Tereshina ◽  
◽  
◽  
...  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis. On the basis of a regional approach and analysis of statistical data, it became possible to make an assessment of the effects that the US–PRC rivalry has on mutual trade, investment, and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian–Chinese relations are reaching a new level of development, and the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

scholarly journals Unfair tax competition influence on the development of the sustainable economy and international economic relations

2021 ◽  
Vol 296 ◽  
pp. 06042
Author(s):  
Olga Sokolova ◽  
Nadezhda Goncharova ◽  
Pavel Lenov
Keyword(s):  
International Economic ◽  
Tax Competition ◽  
World Economy ◽  
Economic Relations ◽  
Current State ◽  
International Economic Relations ◽  
The World ◽  
Sustainable Economy ◽  
The Impact ◽  
Further Development

The gist of this article boils down to the impact of unfair tax competition on the current state and further development of a sustainable economy and international economic relations. With the development of the world economy and international economic relations, the world community is faced with such an economic category as unfair tax competition or tax dumping. International tax competition or tax dumping is one of the most negative phenomena associated with the tax policy of states. To stimulate the inflow of investment in a particular country or region, governments of different jurisdictions resort to a special type of tax policy characterized by strong tax cuts. It is obvious that unfair tax competition consists of not only tax dumping, but also other advantages provided by the state. The most obvious of these benefits is high confidentiality for investors. The activities of offshore jurisdictions can not only cause significant damage to the economies of countries that are not able to apply tax dumping, but also provoke serious economic crises. Tax evasion is primarily due to the fact that economic agents prefer to register in offshore countries and pay taxes there. In this regard, offshore countries are quite rightly called the “dependents” of the world economy, since they are the ones who unreasonably use the public goods created by the onshore states. The article examines the impact of unfair tax competition on the current state and further development of the world economy and international economic relations. The policy of offshore countries is analyzed, the reasons, problems and prospects for the development of the international struggle against unfair tax competition are studied. Final positioning is formulated in the paper.

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.

The Russian Empire and the Countries of the African Continent: From the First Contacts to Regular Economic Interaction

2021 ◽  
pp. 216-224
Author(s):  
Aigul R. Nurieva ◽  
◽  
Marat Z. Gibadullin ◽  
Diana I. Zainutdinova ◽  
◽  
...  
Keyword(s):  
International Economic ◽  
Economic Activity ◽  
World Economy ◽  
Russian Empire ◽  
African Continent ◽  
African Countries ◽  
Economic Relations ◽  
International Economic Relations ◽  
The World ◽  
The Russian Empire

The current state of the world economy is characterized by instability and mobility. In the context of a protracted crisis, aggravated by the COVID-19 pandemic, competitive contradictions between the leading actors in international economic relations and world politics are exacerbating. Each of them is trying to fix the positions they have won in the world arena, resorting to the tools of economic and military diplomacy to achieve their strategic goals. The confrontation between old and new world leaders of the world economy is being transferred not only to traditional markets, but also to new ones, which were previously on the periphery of their economic interests. The African continent today, like in the nineteenth century, attracts more and more close attention of the leading states of the world. Rich in natural resources, it becomes an arena for the struggle for control over it from the United States, China, and European countries. Taking into account the fact that for Russia the field of foreign economic activity has significantly narrowed in recent years, its return to Africa should become one of the priorities of the national foreign economic strategy. In the above context, it seems relevant to comprehensively study the stages of development of economic relations between Russia and African countries and, based on historical experience, to identify the shortcomings and failures of economic policy in relations with African partners. When writing the article, the authors used general scientific research methods, primarily the dialectical method of cognition, the logical and historical method, deduction and induction, and mathematical methods. In the course of the study, the following results were achieved. (1) Based on the analysis of historical documents, the nature of the economic relations of the Russian Empire with African countries at various stages of their evolution has been determined. It has been established that, at the initial stage of interaction, Russia, in its desire to establish economic contacts with the states in the region, relied on the principle of respect for their sovereignty as independent states, independent subjects of international economic relations; however, at the following stage, associated with the beginning of the colonial division of Africa by the European powers, Russia was forced to passively participate in the colonial aggression against the countries of the region, entering into international agreements with the colonialists on the status of African countries. (2) Based on the processing of statistical data on the foreign trade of the Russian Empire with African countries and territories, a tendency has been revealed that characterizes the gradual curtailment of Russia’s economic activity in this region.

World economy and international economic relations

2020 ◽  
Author(s):  
Ol'ga Baburina
Keyword(s):  
International Economic ◽  
World Economy ◽  
System Analysis ◽  
Point Of View ◽  
Modern World ◽  
Federal State ◽  
Economic Relations ◽  
International Economic Relations ◽  
The World ◽  
State Educational

The main provisions of the theory of the world economy and international economic relations are presented. The strengthening of the integrity of the world economy is justified. The most important indicators from the point of view of system analysis are given. The concepts, concepts and dynamics of development of key forms of international economic relations are revealed. The construction of the balance of payments of various countries is analyzed. In the proposed publication, to control the level of mastering the discipline on each topic, tests, topics of reports and abstracts are given, practice-oriented tasks are developed based on objective statistical data of recent years. Meets the requirements of the Federal state educational standards of higher education of the latest generation. For bachelors studying in the field of Economics, it can be useful for teachers who lead the disciplines "World economy", "World economy and international economic relations", as well as for anyone interested in the processes taking place in the modern world economic system and the role of Russia in it.

Chapter II. The World Economy

1968 ◽  
Vol 45 ◽  
pp. 15-28
Keyword(s):  
United States ◽  
World Economy ◽  
Good Deal ◽  
The United States ◽  
European Countries ◽  
General Tendency ◽  
Downward Movement ◽  
Industrial Countries ◽  
The World ◽  
The Impact

The growth of production in the industrial countries seems to have been less rapid in the second quarter. It must be expected to slow down further under the impact of the measures taken in the United States to reduce the budgetary deficit. We still expect the rise in the combined national outputs of the industrial countries to be around 4½ per cent this year, but on present policies it may be no more than 3½ per cent in 1969 and a good deal less than this in the twelve months to mid-1969. Unemployment is still high by the standards of most recent years; its downward movement appears to have been checked again or even reversed in a number of European countries and its general tendency over the next twelve months is likely to be upward, particularly in the United States.

Observations on the Structure of World Trade and Payments

1956 ◽  
Vol 8 (4) ◽  
pp. 534-559
Author(s):  
Herbert B. Woolley
Keyword(s):  
United States ◽  
Economic Activity ◽  
Foreign Relations ◽  
The United States ◽  
American People ◽  
Economic Policies ◽  
Economic Relations ◽  
The World ◽  
Systematic Understanding ◽  
The Impact

EVENTS intimately linked to our foreign relations have profoundly affected the level of economic activity in the United States and the character of our economic progress and stability. They cannot be disregarded by those concerned with the level of economic activity in this country. Furthermore, those concerned with the economic policies of the United States must also be concerned with the impact of those policies upon the rest of the world because of the great importance of the United States in the world economy, and because of the link between economic, political, and military events at home and abroad. Since the United States cannot ignore the far-reaching and indirect effect of its policies and decisions, the American people and their government require a detailed and systematic understanding of the economic interrelationships among all countries of the world. Even more, to exercise the international leadership which our great size and resources impose upon us, we must be in a position to assess the effect of developments and actions everywhere upon the political and economic strength of the free world. This article considers a few of the salient features of world economic relations which should always be kept in mind in assessing economic policy alternatives.

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