scholarly journals THE BRANDING OF SMALL ECONOMIES IN THE GLOBAL WORLD

2020 ◽  
Vol 13 (25) ◽  
Author(s):  
Dragana Milenković ◽  
Tanja Vujović

The process of globalization is a logical process of internationalization, caused by deregulation and liberalization, as well as the development of information and communication technologies. To perform an isolationist policy today is completely absurd. Therefore, the main goal of each national economy is to be engaged in international trade while retaining sovereignty and achieving sustainable development, and this is only possible if we realize that not all economic activities are qualitatively the same as the drivers of economic development, and that globalization and free trade can create an automatic economic harmony. Countries that specialize in the export of raw materials will sooner or later experience the opposite effect from economies of scale, namely declining yields. Sustainable development today is a kind of monopoly on the production of advanced goods and services, in which rich countries experience one explosion of productivity for another. In the first part of the paper, we analyze the effects that abstract theories of classical liberal economies have on the poor countries, as well as the neoliberal policies that the World Bank, the International Monetary Fund and the World Trade Organization today apply to developing countries. In the second part of the paper, we analyze examples of countries whose economic prosperity is the result of a smart and pragmatic mix of market incentives and governance. In the third part of the paper we give recommendations for the new development and trade policy of Serbia. In the last part of the paper, we point to the importance of branding as a factor in the export competitiveness of the company.

2020 ◽  
Vol 22 (2) ◽  
pp. 35-41
Author(s):  
NATALIA М. CHEPURNOVA ◽  
◽  
VALENTINA O. MURYSEVA ◽  

The article presents various approaches to the concept of ‘digital economy’, offers the author’s definition, identifies the features of state protection of competition in the context of digital economy, describes the procedure for conducting economic activities and maintaining competition in the commodity markets in the context of the development of information and communication technologies, reveals the features of the state mechanism for protecting competition in the conditions of digitalization of production of goods and services. It justifies the need to develop a holistic organizational and legal mechanism of public administration, taking into account the processes of globalization of the digital economy, and the need to change legislative approaches to ensure that new entities are taken into account in the field of competition and the coverage of public relations. Analyzing the normative legal acts of the Russian Federation related to the concept of Big Data and the processing of large amounts of data, the authors come to the conclusion about expediency of amending the clauses of the Decree of the President of the Russian Federation ‘On the Strategy of information society development in Russian Federation to 2017 – 2030’ in the part on definition of the digital economy.


2020 ◽  
Vol 8 (2) ◽  
pp. 3
Author(s):  
Sunita Ramesh Sharma

 Information and Communication Technologies (ICTs), including the Internet, are increasingly influential across all aspects of life. Women’s Equality is one of the 17 Sustainable Development Goals, but also integral to all dimensions of Inclusive and Sustainable Development. E-Commerce also known as internet commerce, refers to the buying and selling of goods and services using the internet. The companies of the future, through the rules of electronic commerce, form a new productive framework. These digital transformations have managed to generate new labour paradigms. The paper lists the new jobs profile created by technology. It attempts to find answers to, whether the women are going to benefit from the changes that take place in the labour market and in the economy in general? And is there a new window of opportunity? Or is it simply more of the same? It concludes by giving suggestions, so that the ladder of women development is not thrown away. Keywords: Internet and gender, Labour paradigms, Algorithms and gender.    


2021 ◽  
pp. 228-234
Author(s):  
Д.Г. Родионов ◽  
Е.А. Конников ◽  
М.О. Тихомирова

Сфера информационно-коммуникационных технологий (ИКТ) на сегодняшний день является одной из наиболее динамично развивающихся сфер в мире. Страны с сильнейшими экономиками мира вкладывают большое количество ресурсов в цифровизацию и интеграцию достижений отрасли высоких технологий в экономику. В рамках данного исследования предпринята попытка оценить влияние развитости сферы информационных технологий на показатели социально-экономического развития в группе развитых и развивающихся стран. ИКТ могут ускорить достижение Целей Организации Объединенных Наций (ООН) в области устойчивого развития, которые на сегодняшний день являются центральными задачами многих стран мира. Этим и объясняется актуальность выявления и исследования факторов, оказывающих влияние на развитие сектора ИКТ и использование сферы высоких технологий в достижении социально-экономических Целей ООН в области устойчивого развития. Для оценки влияния развитости ИКТ на социально-экономические показатели стран выбран метод регрессионного анализа. В качестве центральной переменной, измеряющей уровень развитости сферы ИКТ по странам, выбран показатель развития ИКТ (ICT Development Index). Полученные результаты демонстрируют положительное влияние развитости сферы информационно-коммуникационных технологий на социально-экономи­ческие показатели стран, в то же время в группе развивающихся стран влияние достаточно слабое. Результаты данного исследования могут быть использованы для формирования стратегии развития сектора ИКТ для стран с разным уровнем социокультурного и экономического развития. The field of information and communication technologies (ICT) is today one of the most dynamically developing areas in the world. The countries with the strongest economies in the world are investing a large amount of resources in digitalization and the integration of the achievements of the high-tech industry into the economy. Within the framework of this study, an attempt was made to assess the impact of the development of the information technology sphere on the indicators of socio-economic development in the group of developed and developing countries. Information and communication technologies can accelerate the achievement of the United Nations Sustainable Development Goals, which are now central to many countries around the world. This explains the relevance of identifying and studying the factors influencing the development of the ICT sector and the use of high technologies in achieving the socio-economic UN Sustainable Development Goals. To assess the impact of the development of information and communication technologies on the socio-economic indicators of countries, the method of regression analysis was chosen. The ICT Development Index is chosen as the central variable that measures the level of development of the information and communication technologies sector by country. The results obtained demonstrate the positive influence of the development of the sphere of information and communication technologies on the socio-economic indicators of countries, at the same time in the group of developing countries the influence is rather weak. The results of this study can be used to formulate a strategy for the development of the ICT sector for countries with different levels of sociocultural and economic development.


2013 ◽  
Vol 5 (4) ◽  
pp. 203-216 ◽  
Author(s):  
Bolanle Ojokoh ◽  
Samuel Oluwadare . ◽  
Kolawole Akintola .

Nigeria and China were probably experiencing roughly similar economic fortunes only about two decades ago. Then, both had large populations and very low per capita incomes. But their socio-economic fortunes and growth rates have diverged dramatically since, with China now being a superpower and the second largest economy in the world, while Nigeria is still tottering along as one of the poorest countries in the world in terms of various global human development indices and rankings. The rapid economic transformations that China has experienced should normally be expected to be accompanied by equally dramatic socio-cultural changes, including the emancipation and greater participation of women in national economic activities. This study sought to investigate the extent to which women in China participate now in the ICT sector of their country compared to women in Nigeria. Data were collected through a questionnaire administered to cross sections of 123 and 151 women surveyed in purposively selected cities in Nigeria and China respectively. Women in both countries recognize the importance of ICT, but those in Nigeria were constrained from full utilization of ICT benefits due to electricity supply problems, financial constraints and inadequate training for ICT. The study found that improved levels of education of women promote the adoption and use of ICT by women in both countries, and that owning personal computers and the availability of time for women helped to increase participation of women in ICT. Some recommendations were made based on the findings.


2020 ◽  
Vol 208 ◽  
pp. 03053
Author(s):  
Ayna Salamova

Towards the end of the twentieth century, certain features of economic development were clearly defined that will become the dominant features of the economy of the next century. Modern advances in the development of global information and communication technologies have led to the formation of a global electronic environment for economic activity, which has opened up new opportunities for organizational and institutional design in business and other areas of human socio-economic activity.The article discusses the prospects for the development of the world global economy.


Author(s):  
Arun Kumar L.S

International business is essential for the countries to generate Economic growth or to increase in exports and reduce in imports, it encompasses all commercial and economic activities between the nations to promote the ideas, resources, transfer the goods and services, technologies across the national borders. In every country has limited resources therefore a country cannot produce all the goods and services that it requires. The present context of the world, there is imbalance in production and supply factors due to Covid-19 pandemic, which has resulted in market imbalances (demand and supply). The world economy has been hit hard by the ongoing Covid-19 pandemic, as on June end more than ten 10 million people around the globe had been affected by this pandemic, India, USA and others are worst hit countries with decrease in GDP (Gross Domestic Product) and increase in unemployment rate. It may be useful to also note that prolonged lockdowns will eventually imply production shortfalls, may lead to increase in unemployment; decrease in demand for products, slowly running out stocks. In recent forecast of World Trade Organisation (WTO) indicated a clear fall in world trade between 13 per cent and 32 per cent in 2020, perhaps the highest fall since the Great Depression of 1930s. India and world can overcome the challenges by specific government fiscal and monetary policies, by providing economic relief packages and increase in employment opportunities by digitalisation in all the sectors of the economy to increase in accountability, convenience, and gross production, and investment, job security to casual labours or migrant workers. These factors may change the world present situation to productive or welfare economy. The purpose of the research paper is to explain Economic and Business crisis, due to covid-19 in present situation in India and the world. KEY WORDS: C0VID-19, GDP, ECONOMY and GLOBAL CRISIS.


Author(s):  
Maryna Demyanchuk

Information and telecommunication services are currently a full-fledged resource for social development compared to traditional resources. The growth of the level of scientific and technological progress has led to the incredibly fast development paces in the sphere of information and communication technologies, which has a significant impact on the development of the economy. On the basis of a thorough analysis of the sectors of information and communication technologies and components of the ICT development index, the article substantiates the need for accelerated digitization of the majority of enterprises of different spheres of economic activity with the aim of qualitative development of Ukrainian economy in order to increase its competitiveness in the world. This is explained by the fact that information and technology represent the main economic resource in the period of formation of information society and digital economy, and enterprises of the sphere of communication and informatization are a catalyst for social and economic development of the country as a whole. Using a methodological toolkit of the theory of systematic and correlation-regression analysis, an economic-mathematical model of the development of the sphere of communication and informatization in the regions of the world and individual countries of the world is constructed. It is based on the existing pattern of leading development of the communications sector, but takes into account the degree of economy dependence on the ICT development, which in some regions and countries is 100%. This is due to the approaching mass availability of ICT services in some countries in these regions. On the basis of the constructed model, the forecasting of GDP PPP per capita was carried out, which showed faster rates of growth of the country’s economy with the growth of the development level of the sphere of communication and informatization and accessibility of telecommunication services. In turn, the availability of telecommunication services is influenced by the digital skills of society and the level of their prices, which has necessitated determining the dependence of GDP PPP per capita on prices for communication services of countries with varying degrees of socio-economic development. This makes it possible to identify reserves for improving the productivity of individuals while increasing the availability of telecommunications services.


2021 ◽  
Vol 13 (4) ◽  
pp. 2307
Author(s):  
Rosa Anaya-Aguilar ◽  
German Gemar ◽  
Carmen Anaya-Aguilar

Health tourism is booming all over the world, and thermal spa tourism in Spain is a type of tourism aimed at integrating with nature, achieving sustainable development. In general, its facilities are located in areas specially protected by environmental legislation. This tourism sector attracts an increasingly wide market segment that has become more demanding and better informed and that more frequently uses the Internet to gather information. Tourists’ shopping and consumption habits are increasingly influenced by new information and communication technologies (ICTs), making these a topic of interest among academics and professionals. Website development has been shown to be an area of innovation for spa facilities, but evidence has also been found that this sector has experienced difficulty in adopting ICTs. This research sought to analyse spa websites’ usability by conducting an exploratory investigation of different websites’ contents. The results reveal that the use of new web technologies by spas is underdeveloped, although these facilities have achieved good positions in Internet search engines due to the synergistic effect of the official tourism websites. That is why most of them tell their story, detail their nature and the protection of their spaces. In this way, spas turn their websites into communication channels that convey to tourists their commitment to the environment and sustainable development.


2017 ◽  
Vol 63 (2) ◽  
pp. 252-264
Author(s):  
Navreet Kaur ◽  
Lhoukhokai Sitlhou

Good governance emphasises upon efficient and effective institutional mechanism, greater transparency, people’s participation, citizen-centric services and accountability. These reforms are not only limited to national governance practices but also applicable to distribution, disbursement and effectiveness of development assistance. The objective of development assistance is to provide opportunities to needy, deprived and disadvantageous sections of the society. The available data on development assistance clearly demonstrate that rich countries, Development Assistance Countries (DACs) provide financial assistance to poor countries and it has reached US$100 billion in recent years. Non-DAC bilateral assistance (NDBA) is more than US$8 billion in Office of Disaster Assistance (ODA) and US$5 billion annually in country programmable aid (CPA). Private aid (PrA) from DAC members contribute between US$58 billion and 68 billion per year. Total aid flows to developing countries currently amount to around US$180 billion annually. Multilateral aid agencies (around 230) outnumber donors and recipients combined. But the harsh reality is high percentage of illiteracy, high child mortality, gender inequality, prevalence of corruption and exclusion of needy people from the development process. The examination of the process and procedures involved in development process revealed that there are many challenges in the process adopted for allocation, methodological limitations, evaluation limitation, lack of coordination among multiple agencies, political compulsions of donor and recipient countries, transparency, accountability and multidimensional global financial markets compulsions. Certain measures can make development more inclusive and sustainable. Collective efforts of all agencies are the need of the hour to achieve the targets of sustainable development. Coordination among multiple agencies, capacity building of target population and involvement of private agencies in the development process will pave the way for sustainable development.


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