Towards Reviewing an Immediate Impact of COVID-19 on the integrative world economy- An Evolving perspective

The coronavirus (CoV) belongs to Severe Acute Respiratory Syndrome (SARS) species that lead to infection, causing illness, starting from common cold to some serious sickness. Finally, on 11 March 2020, the WHO Director-General Dr. Tedros Adhanom Ghebreyesus announced the outbreak as a pandemic. As the fear and ambiguity rose among companies and firms, the profit rate seemed to be lower due to the Covid-19 global impact, say nearly US$6 trillion in wealth from 24th to 28 February 2020 of the stock market has been wiped out. There was a great decrease in value over the S&P index, which abolished over $5 trillion in the same week. However, the largest ten companies of S&P faced a loss of $1.4 trillion. The investors make an analytical prediction that firms' profits may drop in response to the impact of coronavirus. Our prime focus is on the importance of digital business practices and how different sectors have been affected in terms of economic loss during this pandemic outbreak in this paper.

Towards Reviewing an Immediate Impact of COVID-19 on the Integrative World Economy

The coronavirus (CoV) belongs to Severe Acute Respiratory Syndrome (SARS) species that lead to infection, causing illness, starting from common cold to some serious sickness. Finally, on 11 March 2020, the WHO Director-General Dr. Tedros Adhanom Ghebreyesus announced the outbreak as a pandemic. As the fear and ambiguity rose among companies and firms, the profit rate seemed to be lower due to the Covid-19 global impact, say nearly US$6 trillion in wealth from 24th to 28 February 2020 of the stock market has been wiped out. There was a great decrease in value over the S&P index, which abolished over $5 trillion in the same week. However, the largest ten companies of S&P faced a loss of $1.4 trillion. The investors make an analytical prediction that firms' profits may drop in response to the impact of coronavirus. Our prime focus is on the importance of digital business practices and how different sectors have been affected in terms of economic loss during this pandemic outbreak in this paper.

Towards Reviewing an Immediate Impact of COVID-19 on the Integrative World Economy

The coronavirus (CoV) belongs to Severe Acute Respiratory Syndrome (SARS) species that lead to infection, causing illness, starting from common cold to some serious sickness. Finally, on 11 March 2020, the WHO Director-General Dr. Tedros Adhanom Ghebreyesus announced the outbreak as a pandemic. As the fear and ambiguity rose among companies and firms, the profit rate seemed to be lower due to the Covid-19 global impact, say nearly US$6 trillion in wealth from 24th to 28 February 2020 of the stock market has been wiped out. There was a great decrease in value over the S&P index, which abolished over $5 trillion in the same week. However, the largest ten companies of S&P faced a loss of $1.4 trillion. The investors make an analytical prediction that firms' profits may drop in response to the impact of coronavirus. Our prime focus is on the importance of digital business practices and how different sectors have been affected in terms of economic loss during this pandemic outbreak in this paper.

At the Margins of the Global Market

Contemporary scholars debate the factors driving despotic labour conditions across the world economy. Some emphasize the dominance of global market imperatives and others highlight the market's reliance upon extra-economic coercion and state violence. At the Margins of the Global Market engages in this debate through a comparative and world-historical analysis of the labour regimes of three global commodity-producing subregions of rural Colombia: the coffee region of Viejo Caldas, the banana region of Urabá, and the coca/cocaine region of the Caguán. By drawing upon insights from labour regimes, global commodity chains, and world historical sociology, this book offers a novel understanding of the broad range of factors - local, national, global, and interregional - that shape labour conditions on the ground in Colombia. In doing so, it offers a critical new framework for analysing labour and development dynamics that exist at the margins of the global market.

Research on development of nanotechnology in the Republic of Kazakhstan

In the history of civilization, materials and technology that defined the face of the era have appeared more than once. It is enough to recall the “age” of bronze and iron, steam and electricity, the atomic “age” and the computer age. Nanomaterials (NM) are undoubtedly among such materials, and the 21st century opens the era of nanotechnology. Most experts in the field of science and technology policy, strategic planning and investment are confident that in the next decade nanorevolution is expected in all areas of science, production, defense, medicine, mode of life, recreation and entertainment. Its consequences will be more extensive than the consequences of the computer revolution in the last third of the 20th century, i.e., a large-scale and systematic invasion of nanostructured materials, products and methods of their production will literally come to all spheres of life. The paper analyzes the ways of nanotechnology development and the use of various nanomaterials and nanoproducts in various sectors of the world economy and environmental protection. Nanotechnology is a field of fundamental and applied science that provides theoretical justification for practical methods of research, production, and products application with an atomic structure by manipulating atoms and molecules. The aim of the work is to study the development of nanotechnology and its role in the modern economy. The article considers the ways of development of nanotechnology in Kazakhstan, as well as promising directions of their development and application in the field of mechanical engineering and industry in general.

Digitalization as a Trend of Modern Development of the World Economy

Transformation of economies with the application of information and communication technologies not only strengthens the competitiveness of countries in the international market, but also helps optimize and improve business processes in the international business environment. The purpose of the academic paper is to study the impact of digitalization on the development of the world economy on the example of the economies of the European Union member states. The following methods have been used, namely: analysis, description, generalization, induction, deduction, tabular representation, graphical representation, correlation analysis, systematization and grouping. Results: The positions of the European Union member states that are actively implementing the Digital Single Market strategy have been analyzed. It has been established that according to The Digital Economy and Society Index (DESI), Finland, Sweden, Denmark, the Netherlands and Malta have been among the top 5 leaders with the highest level of digitalization of the economy in 2020. Based on the study of The IMD World Digital Competitiveness Ranking, it has been found that the European Union member states, which are among the top 10 leading countries, such as: Denmark, Sweden and the Netherlands, have a high level of ability and readiness to research and implement digital technologies in order to achieve economic transformation and business transformation. The results of the correlation analysis have revealed the interrelationship between the values of Digital single market – promoting e-commerce for individuals and Enterprises that have provided training to develop / upgrade ICT skills of their personnel (%). It has been proved that Sweden, Malta and Estonia show a very high positive correlation, which indicates that these countries are actively implementing digital technologies in the development of economic processes.

STUDYING THE ESP NEEDS OF STUDENTS OF ECONOMICS AND SOCIO-POLITICAL STUDIES

The article presents a study of the ESP needs of students of economics and socio-political studies aimed at course optimisation. The research includes two stages with the pilot one having finished in June 2021 and involving the students at the University of National and World Economy (UNWE) in Bulgaria as well as the subject and ESP lecturers at UNWE. The second stage is being conducted with students from universities with the profile of UNWE in Bulgaria and worldwide (April-October 2021). The results from the survey of students from the pilot stage are presented and analysed in detail along with a review of the ESP needs analysis studies.