Grim situation of the world due to COVID19: economic perspective

Besides human death economic catastrophe, which has already been started around the world due to COVID19, a question arises how to tackle the devastating nature of this pandemic. The study is basically done based on secondary sources. Time period of the study was up to April 6, 2020. The study tried to get a conceptual view for time demanding collaborative effort among the global arena so that this pandemic cannot make long-lasting devastating impact on global economy. The study also did a small opinion poll survey by email/cell phone, land phone, and personally asking by maintaining social distance among 108 respondents considering three segments of the income strata of the people in Bangladesh. Based on the respondents replies, Figure 2 was drawn, which is shown in Appendix.

Ukraine-EU: economic integration strategy

The practical aspects of Ukraine`s economic integration into the EU are still relevant, but are presented with insufficient formalization. The article aims to define the prospects of the Ukrainian integration strategy in the contemporary global space, in particular its Eurointegration strategy. The state and the prospects of the Ukraine’s economic integration into the EU were analyzed and the process of the Ukrainian foreign policy evolution in the European direction was studied. The possible potential membership of Ukraine in the EU was analyzed on the basis of characteristics of current state of the relationships between Ukraine and the member-states. The multi-vector integration course into the EU was stipulated with the aim to renovate the Ukrainian economy effectively; positive and negative aspects of Ukraine’s entrance into the integration association were analyzed. The article offers the measures for practical implementation of Ukraine’s integration intensions on the basis of the analysis of a variety of Ukrainian legislation documents in the field of foreign and domestic policy.

Implementation of strategic analysis methods to choose a development strategy for the enterprise’s foreign economic activity

The article considers stages and methods of strategic management of the enterprise’s foreign economic activity. PEST analysis, SWOT analysis and SPACE analysis of foreign economic activity are used on the basis of a particular enterprise. PEST analysis has highlighted political and legal, economic, social and technological factors influencing the foreign economic activity of the analyzed enterprise. SWOT analysis has allowed identifying strengths, weaknesses, opportunities and threats of the enterprise. SPACE analysis has revealed that in the absence of growth in the services market, the use of a strategy for the enterprise diversification is acceptable. This strategy involves the creation and development of new services. Therefore, it is necessary to constantly monitor the activity of the enterprise in the international economic environment.

“Rollin’ on the River”: what economic and political factors caused restoration of service for the Gee’s Bend public ferry?

This article presents a case study on the efforts to reestablish ferry service for an isolated island-type community in Wilcox County, Alabama, known as Gee’s Bend or by the formal name of Boykin. Gee’s Bend, a community of inhabitants who can trace their ancestry to slaves on the antebellum plantation there, depended on the ferry to provide access to the county seat of Camden, the center for social and economic activity. There was no ferry between 1962 and 2006. For forty-four years the ferry did not operate, having had its’ cable deliberately cut so that Gee’s Bend residents could not get to Camden to register to vote. It was an attempt to lessen the political power of the African-Americans in the area. This article explains the key economic and political factors that resulted in restoration of service for the Gee’s Bend ferry.

Modeling the Ukrainian consumption

Consumption is a fundamental determinant of the economic success. Consumer spending is approximately 70 percent of the Gross domestic product (GDP). It is common to divide consumer spending into nondurables (clothing and food), durables (“large” goods, which are not purchased very often), and of course services (day care, banking, medical). The way to identify how the economy influences consumption is to look at specific economic cycles. At the top of the economy (when the economy is strong), people reaction is physically powerful, and consumers spend money freely. When the economy falters, confidence falls; consumers cut back on the spending and conserve their money. They stop buying, getting out of debt and focus on saving money. Understanding consumption is vital to the implementation and development of marketing strategies. The purpose for this empirical research is to review main indicators, which influence on consumption and identify methodological issues in need of resolution, and present possible approaches that may prove helpful in resolving those issues. The growth of interest in modeling consumption has led to behaviorally conceptual models in which selection dynamics play a vital role. The authors introduce two empirical models, which demonstrate correlation between macroeconomic indicators, social factors and Consumer price index (CPI). The first conceptual model shows that the CPI is a straighter measure than per capita Gross domestic product of the standard of living in Ukraine. By including a wide range of thousands of services and goods with the basket (fixed), the CPI can obtain a precise estimate of the cost of living. The second empirical model shows the interdependence of economic indicators (CPI, GDP, and Average wage index (AWI)) and social factors (gender, age, location).

January effect: 200 years of evolution in the us stock market

This paper is a comprehensive investigation of the January Effect evolution in the US stock market over the period 1791–2015. It employs various statistical techniques (average analysis, Student’s t-test, ANOVA, Mann-Whitney test) and a trading simulation approach to analyze the evolution of this anomaly. The results suggest that January effect during the XVIII–XXI century passed the way from rise to fall. The rise of the January Effect starts in the end of the XIX century and this anomaly mostly disappeared in middle of the XX century. Nowadays the January Effect is not present in the US stock market, but even today January stays one of the best months for purchases in the US stock market.

Improvement of the enterprise economic security management in global environment

The basic features of enterprise economic security management are determined. It is proved that the system of enterprise economic security should be considered from the point of view of the impact on it of a multitude of various threats which ensure this system functioning and entering into contradiction with other elements of the system. An improved approach to the management of enterprise economic security is proposed in the global environment. The necessity of further and deeper study of the flow of such destructive and destabilizing phenomena is substantiated because such threats can cause irreversible consequences and threaten the functioning of the enterprise economic security management. The next stage of the study should be a comprehensive assessment of the interconnection of such destructive and destabilizing phenomena as threats, risks and dangers.

Social and economic effects of the war conflict in Ukraine for Europe

The war conflict in the East Ukraine impacts the geopolitical security and stability of Europe and other countries of the world. So, there are the global effects of the war conflict in Ukraine. And the instability in Ukraine has its social consequences that influences the European development. The aim of the article is to identify and elaborate social effects of the war conflict in Ukraine and to get understanding of its influence on European stability, on position of Ukraine on European arena. The article has been prepared by using such methods as: analysis of Ukrainian and European research papers, comparison and generalization of the facts about war conflict in Ukraine. In the article social consequences of the war conflict in Ukraine, such as migration, unemployment, crime growth, decreasing of population and others have been studied. It has been described that social dimension of the war conflict in Ukraine has its influence on European stability and geopolitical situation, especially Ukrainian migration. At the end of the article the authors present the conclusions and the mechanism for solving the war conflict situation in Ukraine. Also, Ukraine needs an integrated approach in order to solve all economic and social problems in the country. Only integrated approach will allow to use available Ukrainian resources and advanced European experience to provide economic and social stability of the country.

Macroeconomic imbalance to convergence: EU experience for Ukraine

The paper deals with analysis of the mechanism of macroeconomic imbalance estimation and achieving the convergence of national economy. With this purpose the authors summarized the main approaches to define the macroeconomic imbalance. In addition, the main indicators which influence macroeconomic imbalance are allocated. On the basis of obtained results, the authors offer to employ the macroeconomic imbalance procedure which is used in EU countries for investigation. In order to achieve this external, internal and employment indicators in EU were analyzed by authors. Besides, with the purpose to indicate Ukrainian place comparing with EU, in particular with Visegrad Countries, the main indicators of MIP for Ukraine were calculated by the authors. According to the results, the authors made conclusion that the Ukrainian economy can be characterized as not stable (as in Bulgaria, Hungary and the Slovak Republic). Moreover, the authors allocated for the future research the necessity to understand the power of countries impact to each other with the purpose to achieve and save the convergence of national economy.

Assessment of the Ukrainian economy in 2000–2015 based on the macroeconomic stabilization pentagon (MSP) model

The main task of the article is to assess the development process of the macroeconomic stabilization in Ukraine during 1997–2016. The work shows the results of author’s own research, carried out using the method of tools given by director of Finance Institute in Warsaw, Professor of Economics Kolodko. This method is based on the assessment of five key macroeconomic indices: GDP rate growth, unemployment rate, inflation rate, state budget balance to GDP, balance of current turnovers to GDP. The results of calculations show that macroeconomic stability level, which is higher than 0.5 was demonstrated by the country only during 1999–2007, and during this period general internal and external stability is kept. Based on the macroeconomic predictions of GDP rate growth, unemployment rate, approved by the Cabinet of Ministers of Ukraine and on the data extrapolation of consumer price index, state budget balance, current account balance, Ukraine’s MSP profile for 2018–2020 was constructed.