scholarly journals Risks and challenges before the ukraine's black metallurgy

2018 ◽  
pp. 18-27
Author(s):  
L.G. Tuboltsev ◽  
N.І. Padoon
Keyword(s):  
Development Strategy ◽  
Industrial Development ◽  
Raw Materials ◽  
Metallurgical Industry ◽  
World Market ◽  
Trade Restrictions ◽  
Energy Potential ◽  
Trade Disputes ◽  
The World ◽  
The Impact

The aim of the study is to identify risks and challenges that may be a threat to the development of the mining and metallurgical complex of Ukraine (MMC). It is shown that the excess steel-making capacity in the world increases the risks of the steel producers, may lead to an excess of offers, trade disputes; low prices and low yield. It is noted that the Ukrainian ferrous metallurgy works in the harsh conditions of the world market, the hallmark of which is the uncontrolled and unpredictable growth of world prices. This leads to unstable operation of the MMC, especially in recent years. The factors that determine the potential risks in the metallurgical sector of Ukraine are given. The most influential risk factors include the following: threats to the impact of environmental factors on the future; threats of influence of the political situation in the world; the instability of the supply of raw materials and prices for finished products; change in existing trade flows of raw materials and finished products; global trade restrictions; the lag of the technical level of metallurgical production from the world; insufficient state influence on the industry; lack of industrial development strategy of Ukraine and the metallurgical industry. It is shown that the main direction of the target setting for the development of Ukrainian metallurgy in the medium term should be the development of a strategy that binds together raw materials, energy potential, steelmaking equipment, casting and rolling technologies, as well as the state and market prospects.

scholarly journals Modeling Green Energy Development Based on Sustainable Economic Growth in China

2020 ◽  
Vol 12 (4) ◽  
pp. 1368 ◽  
Author(s):  
Zhijuan Zhang ◽  
Marcin Lis
Keyword(s):  
Industrial Development ◽  
Agricultural Sector ◽  
Raw Materials ◽  
Well Being ◽  
Green Energy ◽  
Biofuel Production ◽  
Bioethanol Production ◽  
Energy Potential ◽  
The Impact ◽  
Biological Raw Materials

Industrial development of the economic system of any state is directly related to the use of energy potential. China’s industrial breakthrough is no exception. Today, China is one of the largest importers–consumers of oil, whose economy is extremely dependent on the energy market. The growing production and population, as well as climatic changes that directly determine the well-being of society, have become the causal basis for the development of alternative ways of generating energy. The aim of the study is to model the implementation of the sustainable development strategy in China through the production and use of biofuels. The simulation is made taking into account the following. The production capacities of Chinese licensed producers of fuel ethanol are calculated. The efficiency of bioethanol production from various types of biological raw materials is evaluated. An economic and mathematical model of bioethanol production is built. The article forecasts the profitability of bioethanol sales from various types of biological raw materials (sugar sorghum, corn) in Chinese and European markets. The study comprehensively reveals the features of the use of biofuels in an industrial country, taking into account geopolitical factors, social and market contexts, as well as technical analysis of the raw materials and production potential of Chinese companies. The article also interprets the economic processes associated with the introduction of biofuels in the ecological and economic systems of China. The article demonstrates other concepts regarding the consequences of the energy sector’s transition to the principles of energy production from biomass. The article shows the contradictory nature of the impact of biofuel production on the food market and the agricultural sector. The article analyzes possible social, resource and macroeconomic risks, and also indicates possible vectors for further research that might be aimed at diversifying the associated negative processes.

scholarly journals Has the Special Economic Zone Approach Improve Ghana’s Competitiveness in the Global Market?

2017 ◽  
Vol 7 (2) ◽  
pp. 19
Author(s):  
Florence Kutin-Mensah ◽  
Dechun Huang ◽  
Richard Ofosu Boateng ◽  
Rutendo Chiponga
Keyword(s):  
Development Strategy ◽  
Comparative Advantage ◽  
Raw Materials ◽  
World Market ◽  
Global Market ◽  
Policy Implications ◽  
Trade Patterns ◽  
Dynamic Potential ◽  
The World ◽  
Substantial Progress

Ghana adopted the Special Economic Zones (SEZs) model in an attempt to stimulate economic growth by moving from an era of import-based to an export-based development strategy and also to potentially improve competiveness in the world market. However, until now, it is not well understood if this move has been beneficial and whether it has positioned Ghana particularly in terms of trade on the global market. This study examines and demonstrate if the adopted SEZ model has had any significant effects on the trade patterns in Ghana. This was undertaken by analyzing the competiveness and the dynamics and/or level of comparative advantage of selected products traded within the SEZs on sectoral levels in the world market using the Balassa Revealed Comparative Advantage (RCA) index. The results shows that among the investigated products, Ghana shows little and/or no comparative advantage for manufactured goods with a maintained relative competiveness for raw materials. In addition, the RCA index indicates that Ghana has not improved its competiveness even in the exports of its resource intensive products such as Wood and Minerals. Clearly, it was revealed that Ghana appears to not have made any substantial progress towards taking advantage of the dynamic potential of SEZs as a tool for sustainable exports gains transformation. In the light of the evidence shown, some policy implications and recommendation are described. 

scholarly journals Comparative Advantage Following (CAF) Strategy and Integration into the World Market for Manufactured Export Products

2021 ◽  
Vol 1 (1) ◽  
Author(s):  
Sèna GNANGNON
Keyword(s):  
Development Strategy ◽  
Method Of Moments ◽  
Comparative Advantage ◽  
Generalized Method Of Moments ◽  
World Market ◽  
World Markets ◽  
The World ◽  
Manufactured Exports ◽  
The Impact ◽  
Positive Effect

This article investigates the impact of countries' comparative advantage following (CAF) strategy on their integration into the world markets for manufactured exports. The analysis uses a panel dataset of 113 countries (comprising both developed and developing countries) over the period 1995-2015. Based on the two-step system Generalized Method of Moments approach, the findings have shown that the CAF development strategy induces a rise in countries' share of manufactured export products in the world's total manufactured exports. Interestingly, the magnitude of this positive effect of the CAF strategy increases as the size of inward FDI stock rises. An important implication of this analysis is that countries that promote industries in line with their comparative advantage are likely to enjoy a greater integration into the world market for manufactured export products, notably when they experience a greater size of inward FDI stock.

scholarly journals International marketing as an effective tool of increasing enterprise competitiveness

2021 ◽  
pp. 128-131
Author(s):  
О.В. Птащенко ◽  
О.Г. Зима ◽  
К.С. Костіна ◽  
М.В. Лаврінченко
Keyword(s):  
Natural Resources ◽  
Foreign Trade ◽  
Raw Materials ◽  
International Marketing ◽  
World Market ◽  
The State ◽  
Management Tools ◽  
Economic Relations ◽  
The World ◽  
The Impact

The main features of international marketing as a tool to increase the competitiveness of the enterprise are considered in the article. Crisis phenomena of today's economy, long reforms of national production, the formation of a new information society and the emergence of information processes in the economy have led to the fact that future economic growth becomes possible only if the introduction and coordination of modern marketing and management tools for fuller implementation of foreign economic relations of the state, accurate consideration of production needs for domestic and foreign sales, coordination of export opportunities and import needs, providing for the production of competitive products, strengthening the impact on the international division of labor, international specialization and internationalization of production and, consequently, improving foreign economic activity . Thus, the development of marketing of international production and the movement of entrepreneurial capital cause uneven growth of economic potential of individual countries and regions. The transfer of production to certain countries leads to the fact that the shares of different groups of countries in the location of world industry do not coincide. Competition between TNCs distorts the system of international relations between the world economy. International marketing of exports and imports are two barter transactions, through which each country is organically connected with the external environment. These are components of the reproduction process, which must pass through foreign trade in order to ensure the stable creation, distribution and consumption of national GDP. The effect of international marketing of barter transactions or another country can get based on the scale of production. Foreign trade may not necessarily be mutually beneficial for all actors in the world market. Reproductive openness of the country when using international marketing depends on the availability of natural resources in the country - energy resources, raw materials for industry, food for the population. The level of reproductive openness of the state is higher, the higher the level of its technical and economic development and the smaller the value of its GDP and the availability of its own natural resources.

scholarly journals The Coronavirus and “The End of History”

2020 ◽  
pp. 5-13 ◽  
Author(s):  
Leonid Fituni
Keyword(s):  
Development Strategy ◽  
Economic Crisis ◽  
Raw Materials ◽  
Radical Change ◽  
Self Sufficiency ◽  
The World ◽  
Ruling Elites ◽  
Balance Of Forces ◽  
Radical Revision ◽  
The Impact

The author reviews some radical economic, political and philosophical assessments of the impact of the COVID-19 epidemic on world development, which became very widespread in the first half of 2020. He concludes that most of them are basically a repetition of the assumptions and forecasts put forward immediately during and right after many previous economic crises and shocks of the world and public order, starting with the collapse of the USSR and including the 2008–2010 global financial and economic crisis. The real consequences of the cataclysms always depended and often stemmed from the behaviour of the national and global elites during the crisis. At the beginning of 2020, the reaction of the world ruling elites to the COVID-19 pandemic brought closer the onset of the emerging global economic crisis. Currently, a struggle is under way between global players, who anticipate a radical change in the balance of power in the world in their favor and those who, on the whole, would be satisfied with maintaining the “pre-coronavirus” balance of forces and interests. In this context, Russia does not have many strategic alternatives. In both of the options described as Project “globalization 2.0”, the subordinate position and the role of a raw materials supplier are prescribed to the country. The only valid option for a further development strategy is a radical revision of the basic concepts of the last 35 years of development and the adoption of the concept of self-sufficiency, centered exclusively on the interests of Russia.

International Trade in the Realm of the Circular Economy

2021 ◽  
pp. 95-102
Author(s):  
Isha Jaswal
Keyword(s):  
International Trade ◽  
Circular Economy ◽  
Structural Changes ◽  
Raw Materials ◽  
Quality Standards ◽  
Trade Restrictions ◽  
Trade Disputes ◽  
Use Of Resources ◽  
The World ◽  
Trade Partners

A circular economy advocates the use of resources for the longest time possible and to further regenerate materials when such resources are at the end of their service life. The movement towards a circular economy brings structural changes in an economy, and this, in turn, can potentially impact the international trade regime. Consequently, the aim should be to achieve material circularity among various countries of the world. While transiting towards a circular economy, nations introduce superfluous trade restrictions and at times enter into trade disputes with trade partners. It is imperative that circular economy policies and trade policies are reciprocally supportive. International cooperation on circular economy value chains should thus be explored for coordination of quality standards of materials, promoting demand for second-hand goods and secondary raw materials, removing unnecessary regulatory barriers, and to avoid environmentally harmful activities.

ADAPTATION AND DEVELOPMENT OF MILK PRODUCERS IN THE NEW ECONOMIC CONDITIONS

2020 ◽  
Author(s):  
В.Н. СУРОВЦЕВ ◽  
Е.Н. ПАЮРОВА
Keyword(s):  
Dairy Products ◽  
Raw Materials ◽  
Raw Milk ◽  
World Market ◽  
Food Prices ◽  
Economic Conditions ◽  
State Support ◽  
Demand Reduction ◽  
The World ◽  
Dairy Cattle Breeding

Проанализированы проблемы на рынке молока и молочных продуктов России в условиях глобального экономического кризиса: перепроизводство молока в основных странах-экспортерах, снижение закупочных цен на сырое молоко, снижение цен на биржевые товары в мире и России в 2020 году, тренд на уменьшение спроса на молочные продукты на мировом рынке в среднесрочном периоде, снижение общего спроса на молочные продукты на внутрироссийском рынке при падении реальных доходов населения, изменение структуры потребления. Проведена оценка новых возможностей и угроз для развития отрасли: со стороны потребителей — рост цен на продовольствие, снижение доходов; с позиции производителей молока — снижение закупочных цен, рост требований к сырью для производства продукции с увеличенными сроками годности, дефицит рабочей силы, вероятное сокращение господдержки в результате снижения цен на углеводороды, попытки регулирования цен; со стороны перерабатывающих предприятий — сокращение спроса, снижение цен на готовую продукцию вслед за мировыми ценами. Обоснованы приоритеты инвестирования в молочном скотоводстве и основные формы совершенствования государственной поддержки отрасли, обеспечивающие эффективную адаптацию производителей молока к новым экономическим условиям, повышение устойчивости отрасли при усилении макроэкономических рисков. The article analyzes the problems in the Russian milk and dairy products market in the context of the global economic crisis: overproduction of milk in the main exporting countries, lower purchase prices for raw milk, lower prices for commodities in the world and in Russia in 2020, trend to reduce demand for dairy products on the world market in medium term, a decrease in total demand for dairy products in the Russian market with a decrease in the purchasing power of the population, a change in the structure of consumption. An assessment of new opportunities and threats to the development of the industry was carried out: on the part of consumers — rising food prices, lower incomes; from the perspective of dairy producers — reduction in purchase prices, increased requirements for raw materials for the production of products with extended periods, labor shortages, the likely reduction in state support as a result of lower prices for hydrocarbons, attempts to regulate prices; on the part of processing enterprises — reduction of demand, reduction of prices for finished goods following world prices. The investment priorities in dairy cattle breeding and the main forms of improving state support for the industry, ensuring the effective adaptation of milk producers to new economic conditions, increasing the sustainability of the industry with increasing macroeconomic risks, are substantiated.

Assessment of the positions of the exporting countries of agri-food products on the world market according to their role in global value chains

2021 ◽  
pp. 8-14
Author(s):  
Elena Yu. Frolova ◽  
Keyword(s):  
Raw Materials ◽  
Action Plan ◽  
Value Added ◽  
Global Value Chains ◽  
World Market ◽  
Point Of View ◽  
Value Chains ◽  
Agricultural Exports ◽  
Export Policy ◽  
The World

The place in the rankings of agricultural exporting countries in world trade is estimated in terms of the volume of imports and exports of raw materials and food. However, to assess the efficiency of agricultural exports, it is important to analyze the value added of exported goods produced in the country. The position of the exporting country in global value chains is derived from the type of agricultural production, which in turn depends on the level of development of the national economy, the availability and breadth of use of modern high technologies. The article examines the concept of the development of world agriculture from the point of view of the formation of global value chains, set out in the report of the UN World Food Organization [1] in comparison with the political decisions of such countries as India and the People’s Republic of China in the development of agricultural and food exports. The paper analyzes the risks associated with the consolidation of developing countries as suppliers of agricultural raw materials, as well as the conditions and action plan that allow the country-exporter of agricultural raw materials to move to higher levels in the global value chains on the world market. This experience should be considered to make comprehensive and effective decisions on the formation of the export policy of agricultural products and food of the Russian Federation, considering the food security of the country.

scholarly journals World corn market: analysis, trends and prospects of its deep processing

2020 ◽  
pp. 96-111
Author(s):  
Natalia Tanklevska ◽  
Viktoriia Petrenko ◽  
Alla Karnaushenko ◽  
Kateryna Melnykova
Keyword(s):  
Raw Materials ◽  
Investment Project ◽  
World Market ◽  
Raw Material ◽  
Deep Processing ◽  
Industrial Enterprises ◽  
Grain Processing ◽  
The World ◽  
The Usa ◽  
Corn Processing

Purpose. The purpose of the article is to determine the prospects of deep processing of corn in Ukraine, taking into account the restraining factors of development, on the basis of the analysis of the state and tendencies of functioning of the world market of corn. Methodology / approach. During the research, general scientific and special research methods were used, in particular: analysis and synthesis, scientific abstraction – in determining the purpose and formulating conclusions; comparative, calculation, statistical and graphical ones – in the assessment, analysis, comparison and establishment of patterns of the current state and trends in the production of corn and its deep processing; program-target one – to substantiate the factors of intensification of deep processing of corn in Ukraine. Results. The analysis was carried out and tendencies of world corn production were determined. The shares of countries-producers and countries-consumers of corn were calculated; their dynamics of changes were analyzed. Analysis of the dynamics of prices for corn grain on the Chicago Mercantile Exchange indicates that the price of raw materials is gradually declining, so agricultural enterprises that sell corn as a raw material, lose income from its production. The structure of corn use in different directions in the world was analyzed, and the structure of its use in the USA was considered in more detail. Factors of activation of deep processing of corn were identified. In Ukraine, deep grain processing as an industry is just beginning to develop, so it is worth processing corn, based on the experience of leading countries, such as the USA and China. Estimated costs for the construction of a modern plant for deep processing of corn and income from the implementation of this investment project were calculated. Originality/scientific novelty. The scientific novelty of the study is a comprehensive analysis of the world corn market; economic substantiation of expediency of corn processing in Ukraine; improving the system of factors to intensify the development of deep processing of corn in Ukraine. Practical value / implications. The practical value of the results of the study is that they will contribute to the formation of the concept of intensifying the development of deep processing of corn in Ukraine. The main results can be used by agro-industrial enterprises during the development of deep corn processing projects.

scholarly journals Foreign Experience of State Management of Raw Materials Industries and the Possibility of its Implementation in the Russian Federation in the Post-Covid Period

2021 ◽  
Vol 93 ◽  
pp. 05004
Author(s):  
Dmitry Rodnyansky ◽  
Ivan Makarov ◽  
Evgeniya Korotayeva ◽  
Vadim Kovrigin ◽  
Vladislav Nazarenko
Keyword(s):  
Climate Change ◽  
Raw Materials ◽  
Oil Industry ◽  
State Regulation ◽  
World Economic Forum ◽  
State Management ◽  
The World ◽  
World Economic ◽  
The Russian Federation ◽  
The Impact

In modern conditions, issues related to the effectiveness of the regulation of the oil industry by the state are becoming increasingly important. In January 2018, the World Economic Forum was held in Davos, which, in particular, noted the impact of the growth of protectionist trends in the global trade in hydrocarbons, and the impact of climate change on the planet on the export of hydrocarbons. As a result of the forum, the key ways of adjusting the policy of states in the relevant area were identified. At the same time, a significant number of states are already seeing the process of changing state regulation of the industry. In this article, the authors analyzed the systems of state regulation of the oil industry in different countries, and also gave assessments of the possibility of integrating new mechanisms into the system of sectoral management in Russia in the conditions of post-covid reality

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