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.

scholarly journals CORONA ECONOMIC CRISIS: IMPLICATIONS AND LESSONS

2020 ◽  
Author(s):  
N.M. Tatul
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Negative Impact ◽  
Economic Consequences ◽  
Current Trends ◽  
The Social ◽  
National Economies ◽  
Regional Associations ◽  
The Impact

The purpose of our study is to reveal the essence and root causes of the current corona-economic crisis, both in terms of the damage caused and the impact on national economies and the world economy, and from the standpoint of its perception by humans, society and authoritative organizations of regional and global importance. In addition to analyzing the main trends and phenomena associated with the pandemic, the task is to study the social and economic consequences, assess the eff ectiveness of policies to reduce the negative impact of states and substantiate the need for all countries to be ready for multilateral and mono-sided cooperation in all areas of public activity. Numerous lessons that need to be learned from the current situation in order to work out a strategy for the development of mankind and individual states, as well as to avoid the repetition of possible mistakes and failures in the future, seem vital. Finally, an attempt is made to predict the state of the global economy after overcoming the consequences of the corona-economic crisis, taking into account current trends, as well as the principled approaches and perceptions of experts, individual organizations and regional associations.

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 THE COVID-19 PANDEMIC ON INDUSTRY 4.0 IN THE CONTEXT OF GLOBAL ECONOMIC DEVELOPMENT

InterConf ◽  
2021 ◽  
pp. 54-59
Author(s):  
Bohdana Hunko
Keyword(s):  
Economic Development ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Negative Consequences ◽  
Negative Effects ◽  
Technology Industry ◽  
World Economic ◽  
The Impact

The paper analyzes the role of Industry 4.0 in the process of overcoming the global economy from the crisis situation associated with the total Covid-19 pandemic. The aspect of economic profitability of using the technologies of the fourth industrial revolution to improve world economic development in the context of the Covid-19 pandemic was also identified. The author identified the positive and negative consequences of the involvement of technology Industry 4.0, on the basis of which a number of recommendations for small and medium-sized businesses were formed in order to quickly overcome the negative effects of the crisis. Based on the work, the author formulated a number of trends and prospects for global economic development, taking into account the current conditions of the Covid-19 pandemic.

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.

Assessment of the Impact of State Regulation of Retail Trade Networks Development on the Wholesale Sector

2020 ◽  
Vol 9 (3) ◽  
pp. 775
Author(s):  
V.P. CHEGLOV ◽  
S.V. MKHITARYAN ◽  
L.A. DANCHENOK ◽  
O.V. RYKALINA ◽  
T.A. TULTAEV
Keyword(s):  
Distribution System ◽  
Global Economy ◽  
Transition Economy ◽  
State Intervention ◽  
State Regulation ◽  
Retail Trade ◽  
Negative Consequences ◽  
Trading Systems ◽  
Retail Chains ◽  
The Impact

The article is dealing with the issues of state regulation of the consumer market, where the interests of producers, wholesale intermediaries, and retail trade are traditionally encountered. The authors consider the features of state regulation of the formation and development processes of multi-object and omnichannel trading systems in Russia in the context of the country's entry into the global economy, the opening of the domestic market for foreign business structures, and commodity imports in a situation with a small business that is not fully established. The results of the conducted study complement the experience of the international community in regulating system formation in trade. The article analyzes significant differences in the state intervention mechanisms in the economic relations of retail chains and their suppliers, as well as the impact of stricter legislation on wholesale trade, and its place and role in the commodity distribution system. The authors prove that excessive regulation of the retail market causes negative consequences in its adjacent segments, justify the upcoming redistribution of the market between large retail chains and specialized wholesale companies in favor of the former ones, show the development prospects of the distribution, and the impact of this process on small retail businesses, as well as formulate proposals for optimizing approaches to regulating the transformation of the trade sector in the transition economy.

scholarly journals THE IMPACT OF BUSINESS TRANSFORMATION ON THE PROVISION OF PRODUCTS AND SERVICES IN OPERATIONAL-LEVEL RETAIL BUSINESSES: CASE STUDY

2017 ◽  
Vol 5 ◽  
pp. 521-525
Author(s):  
Xolani Protus Simamane ◽  
Robert Walter Dumisani Zondo
Keyword(s):  
Financial Performance ◽  
Global Economy ◽  
Chi Square ◽  
Organizational Goals ◽  
Business Transformation ◽  
Operational Level ◽  
Kwazulu Natal ◽  
National Economies ◽  
The Impact

The retail industry is arguably one of the most prosperous sectors in the global economy. It serves as an intermediary between producers and consumers. Given its significance in the everyday lives of people in communities, and its role in national economies, the industry operates under extensive competition driven by growth in Information Technology which has dramatically changed the consumption patterns and buying behavior of consumers today. This study investigates the impact of transformation on the provision of products and services in operational-level retail businesses of KwaZulu-Natal (KZN). This is a case study and the South African Post Office (SAPO) in KwaZulu-Natal (KZN) participated in the study. Of the 101 branch managers of SAPO, 72 participated in the study, representing a 71 percent response rate. The sample frame was obtained from both the Human Capital and the Infrastructure Management departments of SAPO in KZN. Descriptive statistics and chi-square tests were used to analyze the two objectives. That is, to establish if the change brought about by business transformation activities improves the provision of products and services in retail businesses and thereby improves the financial performance. It also determines if retail businesses undergoing transformation inspire confidence amongst employees, and thereby achieving their financial goals. The findings revealed that business transformation has the ability to improve the provision of products and services of retail businesses. Continuous communication with regards to transformation inspires confidence among employees, thereby leading to productivity improvements and the achievement of the organizational goals. Productive employees contribute positively to the financial performance of the business. The original value of this study is its approach in uncovering strengths and weaknesses of business transformation in the operational-level retail businesses.

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

scholarly journals Institutional risks of financial inclusion

2020 ◽  
Vol 2020 (4) ◽  
pp. 45-64
Author(s):  
Valeria Kornivska ◽  
◽  
Keyword(s):  
Social Life ◽  
Global Economy ◽  
Financial Inclusion ◽  
Economic Agents ◽  
Market Participants ◽  
Institutional Risk ◽  
Poverty And Inequality ◽  
The Face ◽  
National Economies ◽  
The Impact

The article presents the results of a research on the current processes of financial inclusion, substantiates the concept of financial inclusion and its world level, and systematizes the existing theoretical-methodological and empirical approaches to determining its role for sustainable development. Based on the analysis of fundamental conditions and current factors of intensification of financial inclusion, the author substantiates the real purpose and consequences of the introduction of digital financial inclusion in national economies and in the global economy and shows the role of global financial institutions in these processes. Particular attention is paid to the impact of financial inclusion on solving the problems of poverty and inequality in society. It is shown that modern financial inclusion does not serve the interests of the majority, but rather the interests of a clearly limited circle of representatives of the global economic and financial elite by creating conditions for the invariance of financial inclusion for ordinary economic agents. The author argues that the main long-term institutional risk of global financial inclusion and non-cash circulation is the consent to the loss of financial freedom by market participants in the face of growing uncertainty in economic and social life and poverty.

scholarly journals STRATEGIC PRIORITIES OF SOCIO-ECONOMIC DEVELOPMENT UKRAINE IN THE CONTEXT OF GLOBAL CHALLENGES

2020 ◽  
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Current Model ◽  
Theoretical Approaches ◽  
The World ◽  
International Economic Cooperation ◽  
The Face ◽  
Economic Stabilization ◽  
National Economies ◽  
The Impact

Globalized challenges of the world economy have created an objective need for Ukraine to develop in the face of the country’s lack of preparedness for global competition and integration. The development of the economy of Ukraine in the context of globalization is taking place in a context of incomplete systemic socioeconomic and political transformation and poses problems related to the optimal integration of the economy of the country into the global economy. At the same time, the impact of globalization processes calls for new theoretical approaches to justify the structural transformation of a country’s economic development model. The directions of globalization for national economies are quite complex and contradictory. Globalization is deepening specialization and cooperation globally and the international division of labor. International competition stimulates the development of innovative processes and state-of-the-art technologies through technology transfer among countries of the world. The current model of development in Ukraine is characterized by significant deformations of the economy: fragmentation of technological space, excessive social differentiation, increased poverty, unemployment and a reduction in the population, The Russian Federation is a country with many countries, which have been affected by human-made environmental degradation and overload, the shrinking of the domestic market and the national economy, the rise of the shadow economy, the rise of corruption, etc. All this points to a structural imbalance in the Ukrainian economy. The further intensification of globalization processes will exacerbate the problem of national identity, The solution of which many countries see the strengthening of State influence on international economic cooperation through the introduction of protectionist measures in the areas of trade, migration and investment, that in turn will contribute to the strengthening of geo-economic and geopolitical tensions in the world. In this context, there is a need to establish new principles for world economic stabilization and development.

scholarly journals INFLUENCE OF TOURISM ON GROSS DOMESTIC PRODUCT (ON THE EXAMPLE OF OIL PRODUCING COUNTRIES)

2021 ◽  
Vol 31 (3) ◽  
pp. 371-379
Author(s):  
E.V. Kutyashova ◽  
O.E. Danilin
Keyword(s):  
Economic Development ◽  
Gross Domestic Product ◽  
Raw Materials ◽  
Domestic Product ◽  
Economic Activities ◽  
Economic Sectors ◽  
Average Growth ◽  
Level Of Economic Development ◽  
National Economies ◽  
The Impact

The article is devoted to the peculiarities of the economic development of oil-producing countries, the impact of tourism on the economy of energy exporting countries and the formation of gross domestic product. The high dependence of oil-producing countries on the export of raw materials, fluctuations in the world oil market and awareness of the limited resources require a policy of diversification of national economies. Overcoming the dependence of the economy on a narrow range of economic activities, countries choose rapidly developing economic sectors that provide investment inflows, high export earnings and job creation. One such sector is tourism and travel. Within the framework of the study, countries with a high degree of dependence on energy exports were identified and grouped according to the level of economic development. To identify the role of tourism in the formation of the gross domestic product and the development of oil-producing countries, the average growth rates of the gross domestic product, the contribution of tourism to GDP, and investment in tourism were calculated for the period from 2010 to 2019. The countries that have chosen tourism as the direction of economic diversification are highlighted. An assessment of the impact of tourism on the rates of development of national economies of oil-producing countries is given.

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