The Rise of Asian Emerging Countries in the Global Economy: Implications for the Multilateral/Regional Trade Regime

Eurostudia ◽  
2008 ◽  
Vol 3 (1) ◽  
Author(s):  
Brigitte Lévy
Keyword(s):  
Global Economy ◽  
World Order ◽  
Bilateral Agreements ◽  
Full Participation ◽  
Trade Bloc ◽  
Critical Issues ◽  
Emerging And Developing Countries ◽  
Competitive Liberalization ◽  
Different Cultures ◽  
The Impact

Abstract This article first considers the process of competitive liberalization, which has driven the trend toward free trade and which has contributed to further integration of world economies. It illustrates that the trading system is highly competitive, with nations from North America, Europe and Asia seeking to sustain economic growth through greater reliance on export trade and through MNCs’ global value chains of production. The first section emphasizes that regionalism has strengthened worldwide, with the major economic players tending to focus on regional agreements, and more recently, on bilateral agreements. Next, the article discusses regionalization patterns, with an emphasis on the integration taking place in Asia. The major trade bloc in the region, the Association of Southeast Asian Nations (ASEAN), is focusing on increased integration into the global economy. In recent years, it has been promoting trade agreements with Japan, South Korea, and the emerging Asian countries of China and India, among others. Therefore, the article considers whether a new economic pole is emerging in Asia. Last, the difficulties in concluding the Doha Development Round of World Trade Organization (WTO) negotiations and the stalling of those negotiations from July 2006 to February 2007 point to an urgent need for global governance and supportive institutions. This article looks at critical issues in the global system, such as full participation of all players (particularly emerging and developing countries) in the decision-making process of international institutions, and the pursuit of sustainable development. Also, the impact of different cultures of trade will be important factors to consider in order to understand the emerging new world order.

Is Turkey ready for the Post COVID-19 World Order?

2021 ◽  
Vol 23 (Summer 2021) ◽  
pp. 117-140
Author(s):  
Bora Bayraktar
Keyword(s):  
International Relations ◽  
Global Economy ◽  
Political System ◽  
Eastern Mediterranean ◽  
Eastern Mediterranean Region ◽  
World Order ◽  
New World Order ◽  
Daily Lives ◽  
Huge Impact ◽  
The Impact

The COVID-19 outbreak has had a huge impact on the global economy and politics. Closures and lockdowns stopped international trade resulting in an economic slowdown. It has changed the daily lives of people and the way business takes place. Politics has also been affected by the pandemic. Discussions about the changing world order have gained a new dimension and momentum. In this article, the impact of the COVID-19 pandemic in international relations is analyzed. Has COVID-19 triggered a change in the world order? If it has, what are the nature, scope, and content of this change? As a rising regional power in the Eastern Mediterranean region, how has Turkey been affected by this, and how did it respond to the changing situation? Signs of deteriorating world order, declining U.S. leadership, escalating geopolitical competition amongst global powers were in the air before the pandemic. Turkey’s adaptation to this new world order pre-dates the pandemic, when it changed its political system, and invested in its security and cohesion.

scholarly journals The impact of lending availability and conditions for SMEs on the global development of venture financing systems

2021 ◽  
Vol 92 ◽  
pp. 07006
Author(s):  
Svetlana Balashova ◽  
Ivan Mikhaylov ◽  
Mikhail Lazyrin
Keyword(s):  
Venture Capital ◽  
Global Economy ◽  
Value Added ◽  
World Order ◽  
Innovation Activity ◽  
Financing System ◽  
Delegation Of Authority ◽  
Ict Development ◽  
Venture Financing ◽  
The Impact

Research background: The current situation, which caused global economy recession, has shown that all participants of the venture capital market are not ready for such occasions. Small and medium-sized businesses found themselves in a in a pickle that completely limited the ability to conduct business in most sectors of the economy and venture investors had to urgently reassess their capabilities and their requirements for investment objects. Different events have been constantly influencing the venture financing system to change and develop during decades of its existence. The most important changes are happening today in new world order dictated by COVID-19. Purpose of the article: The aim of this article is to analyse the current state of venture financing, find out how VC is related to the ICT development in European countries, compare VC to other lending mechanisms for SMEs and assume how the global venture industry may be changed by global isolation. Methods: The ARDL model for panel data is used to assess the impact of ICT developments on VC. Comparative and statistical analysis of available datasets on financing mechanisms is conducted. Findings & Value Added: The results show that the increase in value-added in the ICT sector is driving the growth of venture capital in leading countries in terms of innovation activity. Venture capital will be forced to transform towards globalization and centralization, but with the delegation of authority to local representatives, through new communication forms. Countries with high ICT development may be more attractive for venture financing.

The problems of efficiency of social production in the conditions of global economic turbulence

2021 ◽  
pp. 1-9
Author(s):  
Suzanna Robertinovna Bekulova
Keyword(s):  
Global Economy ◽  
World Order ◽  
Aviation Industry ◽  
Negative Consequences ◽  
Social Production ◽  
Economic Sectors ◽  
Current Trends ◽  
Process Manufacturing ◽  
National Economies ◽  
The Impact

The goal of this article consists in the analysis of current trends of the global economy, as well as forecast of their impact upon the global and domestic social production. Geopolitical and geoeconomic conditions for the functionality of global economy, established as a result of spread of coronavirus infection, impact social production of the national economies. The subject this research is the socioeconomic ties and relations that emerge in the context of transformation of global economy, resulting from shift in global economic and technological modes. The information framework for this work is comprised of the regulatory strategic documents and statistical databases. The conducted research demonstrates the impact of technological and global economic factors upon the efficiency of social production. The analysis of the global economic conjuncture reveals the two polar alternatives of the transformation of global economy: strengthening of globalizational processes, or setback in globalization and focus on regionalization of the world economy. The effect of consolidation of the countries in the context of the new world order upon the principles of sovereignty of national economies is described. The author indicates the discrepancy of objectives of number of strategic documents of the development of Russian economic sectors, namely with regards to the process manufacturing. The author outlines the negative consequences of dependence of the national economy on import of the components on the example of aviation industry.

Culture and International Alliance Negotiations: A Sensemaking Perspective

2011 ◽  
Vol 16 (3) ◽  
pp. 511-533 ◽  
Author(s):  
Rajesh Kumar ◽  
Gerardo Patriotta
Keyword(s):  
Global Economy ◽  
Critical Role ◽  
Negotiation Process ◽  
Future Directions ◽  
Cultural Divide ◽  
International Alliance ◽  
National Boundaries ◽  
Different Cultures ◽  
The Impact ◽  
Cross National

AbstractInternational alliance negotiations are now a pervasive feature of the contemporary global economy. As the alliancing firms cross national boundaries to forge cooperative partnerships they face the inevitable necessity of bridging the cultural divide to ensure successful negotiation. Existing research has focused primarily on the impact of national cultural differences in shaping negotiating strategies and ensuing outcomes. Less attention has been paid to how negotiators from different cultures understand and manage the ambiguity of international alliance negotiations. We employ the theoretical lens of sensemaking to understand how negotiators embedded in different cultures manage simultaneously the task and cultural related ambiguity that they are confronted with. This perspective suggests the critical role that ‘tertius iungens’ (the ‘third who joins’) plays in facilitating the negotiation process. The ‘tertius iungens’ represents a form of intermediation that acts as a catalyst in the negotiation process. We propose three alternative types of intermediation, namely, cognitive, affective, and holistic and provide illustrative examples of these types of intermediation. We conclude by highlighting the theoretical and managerial significance of our framework and by suggesting future directions for research.

Forecasting US movies box office performances in Turkey using machine learning algorithms

2020 ◽  
Vol 39 (5) ◽  
pp. 6579-6590
Author(s):  
Sandy Çağlıyor ◽  
Başar Öztayşi ◽  
Selime Sezgin
Keyword(s):  
Machine Learning ◽  
Global Economy ◽  
Learning Algorithms ◽  
Forecast Model ◽  
Machine Learning Algorithms ◽  
Gradient Boosting ◽  
High Stakes ◽  
Box Office ◽  
Industry Forecast ◽  
The Impact

The motion picture industry is one of the largest industries worldwide and has significant importance in the global economy. Considering the high stakes and high risks in the industry, forecast models and decision support systems are gaining importance. Several attempts have been made to estimate the theatrical performance of a movie before or at the early stages of its release. Nevertheless, these models are mostly used for predicting domestic performances and the industry still struggles to predict box office performances in overseas markets. In this study, the aim is to design a forecast model using different machine learning algorithms to estimate the theatrical success of US movies in Turkey. From various sources, a dataset of 1559 movies is constructed. Firstly, independent variables are grouped as pre-release, distributor type, and international distribution based on their characteristic. The number of attendances is discretized into three classes. Four popular machine learning algorithms, artificial neural networks, decision tree regression and gradient boosting tree and random forest are employed, and the impact of each group is observed by compared by the performance models. Then the number of target classes is increased into five and eight and results are compared with the previously developed models in the literature.

International trade: Research of the reasons for the fall

2019 ◽  
pp. 79-91 ◽  
Author(s):  
V. S. Nazarov ◽  
S. S. Lazaryan ◽  
I. V. Nikonov ◽  
A. I. Votinov
Keyword(s):  
Growth Rate ◽  
International Trade ◽  
Exchange Rate ◽  
Global Economy ◽  
Structural Changes ◽  
Global Value Chains ◽  
Value Chains ◽  
Negative Contribution ◽  
Basic Commodity ◽  
The Impact

The article assesses the impact of various factors on the growth rate of international trade. Many experts interpreted the cross-border flows of goods decline against the backdrop of a growing global economy as an alarming sign that indicates a slowdown in the processes of globalization. To determine the reasons for the dynamics of international trade, the decompositions of its growth rate were carried out and allowed to single out the effect of the dollar exchange rate, the commodities prices and global value chains on the change in the volume of trade. As a result, it was discovered that the most part of the dynamics of international trade is due to fluctuations in the exchange rate of the dollar and prices for basic commodity groups. The negative contribution of trade within global value chains in 2014 was also revealed. During the investigated period (2000—2014), such a picture was observed only in the crisis periods, which may indicate the beginning of structural changes in the world trade.

Structural Modeling of Institute of Entrepreneurship in Russia

2019 ◽  
pp. 34-48
Author(s):  
Svetlana L. Sazanova
Keyword(s):  
Global Economy ◽  
Structural Model ◽  
Institutional Environment ◽  
Small And Medium Enterprises ◽  
Structural Modeling ◽  
Entrepreneurial Activity ◽  
Pattern Modeling ◽  
Medium Enterprises ◽  
The Impact ◽  
The Relationship

Entrepreneurship plays an important role in the modern global economy; the share of products of small and medium enterprises in the gross product and exports not only of the developed but also of developing countries is growing. Innovation processes cover all sectors of the economy, and more and more people are involved in entrepreneurial activity, which contributes to the penetration of entrepreneurial thinking and business values in all areas of the socioeconomic life of society. The Institute of Entrepreneurship plays an increasingly prominent role in the institutional environment of socio-economic systems. This actualizes the problem of studying the relationship of the institution of entrepreneurship with the institutions of law, culture, management. This requires a methodology that allows you to explore the impact on the institute of entrepreneurship not only economic, but also non-economic factors. The methodology of the “old” institutionalism possesses such a tool, it is structural modeling (pattern modeling), which allows to explore the diversity of interrelationships of the institution of entrepreneurship with other components of the institutional and economic environment. The article explored the features of the development of the institution of entrepreneurship in Russia, established the relationship between the institution of entrepreneurship, values, motives and incentives for entrepreneurial activity, built a structural model of the institution of entrepreneurship based on the methodology of the old institutionalism (pattern modeling). The structural model of the institution of entrepreneurship reveals the relationship between the institution of entrepreneurship, the values of entrepreneurial activity, its motives and incentives; as well as the relationship between the institution of entrepreneurship with the institutions of governance, cultural and religious institutions, legal institutions and society.

The Process of Globalization and Its Impact on Media

2016 ◽  
Vol 1 (4) ◽  
pp. 150
Author(s):  
Veton Zejnullahi
Keyword(s):  
New Technology ◽  
World Order ◽  
Modern Society ◽  
Media Access ◽  
Four Corners ◽  
The World ◽  
The Media ◽  
The Republic ◽  
Human Eyes ◽  
The Impact

The process of globalization, which many times is considered as new world order is affecting all spheres of modern society but also the media. In this paper specifically we will see the impact of globalization because we see changing the media access to global problems in general being listed on these processes. We will see that the greatest difficulties will have small media as such because the process is moving in the direction of creating mega media which thanks to new technology are reaching to deliver news and information at the time of their occurrence through choked the small media. So it is fair to conclude that the rapid economic development and especially the technology have made the world seem "too small" to the human eyes, because for real-time we will communicate with the world with the only one Internet connection, and also all the information are take for the development of events in the four corners of the world and direct from the places when the events happen. Even Albanian space has not left out of this process because the media in the Republic of Albania and the Republic of Kosovo are adapted to the new conditions under the influence of the globalization process. This fact is proven powerful through creating new television packages, written the websites and newspapers in their possession.

Article Review: The Impact of Fun and Enjoyment on Adult Learning

2019 ◽  
Vol 1 (2) ◽  
pp. 96
Author(s):  
Laily Yahya
Keyword(s):  
Adult Learners ◽  
Adult Learning ◽  
Teaching And Learning ◽  
Educational Programme ◽  
Continuous Quality ◽  
Teachers Beliefs ◽  
Critical Issues ◽  
Affective Experiences ◽  
The Impact

The article review of ‘The Impact of Fun and Enjoyment on Adult Learning’ (Lucardie, 2014) opens doors to the kaleidoscope of fun and enjoyment amongst adult learners. The essence of this review is an informative snapshot on the critical issues of how fun and joy have impacted adult learning through a qualitative research drawing upon traditions of phenomenology. It aims to explore the affective experiences of fun and enjoyment. This article review attempts to highlight an insightful assessment of the ideas and the arguments that are being discussed by the author. The different interpretation of this concept draws out contrasting elements between learners and teachers’ beliefs. A twist to this review is a reflective stance procured to address central issues emerging in the article related to the Malaysian context. It is through the lens of the reader, Continuous Quality Improvement (CQI):4R is proposed. This refers to the process of continuously improving the quality of teaching and learning of an educational programme. This review concludes with the framing of CQI:4R to illustrate reflect, revisit, realign and reconstruct processes that could possibly navigate the architectural landscape of the Malaysian Teacher Education.

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