Sample records for globally competitive economy

  1. Institutional Competitiveness in the Global Economy

    Campbell, John L.; Pedersen, Ove K.

    that are very different institutionally. The analysis shows that there is no one best way to achieve success in today's global economy, except perhaps for reducing socioeconomic inequality; that the type of capitalism known as coordinated market economies are oversimplified in the literature; and that high...... national competitiveness under conditions of economic globalization. Following the varieties of capitalism literature, this paper argues that Denmark's success has been based in large part on its institutional competitiveness-its capacity to achieve socioeconomic success as a result of the competitive...

  2. National competitiveness and absolute advantage in a global economy

    Parrinello, Sergio


    Distinguished trade theorists maintain that a national economy cannot be uncompetitive as a whole, contrary to the frequent statements of many politicians, because a country must possess a comparative advantage in some sector according to Ricardo’s principle. In this paper the author arguesthat such a criticism addressed to the notion of national competitiveness neglects a bottom line of a national economy engaged in a global market. In this context, characterized by free capital movements an...

  3. National Competitiveness in Global Economy: Evolution of Approaches and Methods of Assessment

    - Teng Delux


    Full Text Available The basic concept of national competitiveness and the analytic potential model for the estimation of countries' competitiveness, such as diamond model of competitive advantages of national economies by M. Porter, the generalized double diamond model of international competitiveness by C. Moon, 9-factors model by S. Cho, Global Competitiveness Index (GCI and Knowledge Economy Index (KEI are considered.

  4. Increasing Global Competitiveness: A Case for the Pakistan Economy

    Shamyla Chaudry


    The issue of global competitiveness is critical for developing countries. This paper looks at the drivers that influence industrial competitiveness and provides a comparison of these drivers for Pakistan, India and China. The analysis shows that Pakistan lags behind China and India in most of the main components of the industrial competitiveness index. The analysis also presents a series of micro and macro level policy recommendations aimed at increasing Pakistan’s industrial competitiveness.

  5. Africa's Competitiveness In The Global Economy and The Tourism ...



    Dec 1, 2014 ... only 3.4 percent of global tourism receipts and 5.2 percent of tourist arrivals, despite accounting for almost ... The business environment and infrastructure are not favorable to ... Globally, today's generation of young people are ...

  6. Management in achieving competitive advantage in Nigerian public organisations under the global economy

    Chijioke Hope Ukanwah


    Full Text Available This paper explores the strategic role of human resources management in achieving competitive advantage in a global economy. Human resource management remains indispensable in engendering competitive advantage for businesses in this era of tense global competition. Productivity and competitiveness of organisations is now dependent on their employees’ ability to generate, process, and apply knowledge. Scholars and practitioners of human resources management agree that a workforce that is properly trained and managed is a source of competitive advantage. The article recognised the fact that public organisations have not really given importance to human resource management and this is responsible for their underwhelming performance. The paper recommends some HR strategies that managers can adopt to improve the quality and value of their workforce, and these range from effective talent management, continuous workplace learning, safe and healthy work environment, ICT adoption, competitive benefit system, HR planning to proper deployment of skills and expertise.

  7. Africa's Competitiveness In The Global Economy and The Tourism ...

    Africa's achievements in tourism revenues and tourists arrivals must be understood in the context of the continent's relatively unexploited tourism potential. Africa still accounted for only 3.4 percent of global tourism receipts and 5.2 percent of tourist arrivals, despite accounting for almost 15% of the world's population.


    Nelu Eugen POPESCU


    Full Text Available The current economic environment puts pressure on all national economies which struggle to improve their competitiveness and innovativeness in a sustainable way. This article aims to present the current state of the competitiveness by reviewing the main literature and worldwide researches, in order to provide a brief overview of the determinants that drive productivity and economic success at global and national level, taking into consideration the entrepreneurial activity for a country’s competitiveness and economic growth. The paper identifies the ways in which efficiency driven countries can improve their policies and get a better return on their investments, underlining a set of competitiveness enhancing policies (measures that can be implemented by public and private institutions in order to strengthen the economic fundamentals of the economies.

  9. Prerequisites for Forming the Institutional Concept of the National Economy Competitiveness under Conditions of Globalization

    Yaremenko Oleh L.


    Full Text Available The article attempts to prove that under conditions of globalization there have developed objective and subjective prerequisites for forming the institutional concept of the national economy. The objective prerequisites are the newest information and communication technologies, post-industrial trends and market transformation of civilization intensified by globalization. Under such conditions instability and volatility of the institutional environment both within national economies and at the international level are observed. The aggravation of the global competition between national economies actualizes the role of such institutional factors as political system, property, public administration, economic organization, culture, etc. The subjective prerequisites are related to the fact that the institutional economic theory is currently one of the leading trends in the modern world and Ukrainian economic thought. Interest in it is explained not only by the fact that it overcomes the limitations of a number of prerequisites for the mainstream, but also because it allows considering the modern economic processes in complex

  10. Technological Innovation and Competitiveness in The Global Economy: India's Changing Status and Its Implications

    Bala Subrahmanya Mungila Hillemane


    Full Text Available   This paper probes the changing innovation status and resultant competitiveness in the context of global economy and questions the recent ranking improvements of India on the basis of hard economic facts. This paper has made use of secondary data comprising innovation indices and competitiveness rankings published by international organizations and reputed business schools from time to time since 1996 to analyze the changing status of India internationally. Later, using secondary data on key macro-economic variables published by the Government of India, the recent ranking of India is closely examined as well as recent steps taken by the government of India to improve competitiveness is elaborated. The study throws light on the changing but improving innovation dimensions and competitiveness ranking of India since 1996 till 2010. From nowhere India emerges and occupies the second slot, after China, in the global competitiveness ranking. But hard core macro-economic variables do not justify India’s elevation to the top in any way. Given this, the study throws light on the recent policy measures announced by the Government of India and its implications as well as policy imperatives.

  11. Features of competition and development of markets in an age of globalized economy

    Dr.Sc. Skender Kërçuku


    Full Text Available The fall of communism in Eastern Europe in the beginning of the 90-ies of the 20th century marked the beginning of a historical process of triumph of market economy in a wide geographical area and a large population, which had to have an influence on global developments. This age is characterized not only by a comprehensive ruling of capitalist market economy, but also by a series of important structural changes in economies of various countries, national and international mechanisms of market functioning, and relevant institutions thereto. Distinct authors have various opinions on characteristics and positive and negative outcomes of a globalized economy era. Some consider the globalization of world economy as a quantitative and qualitative expansion of market economy throughout the world, similar to the situation before the World War I. Other more serious authors consider the globalization of world economy as a new qualitative era, with important consequences on many areas.

  12. Labor Market Efficiency as One of the Pillars of the Global Competitiveness of an Economy - Conclusions for the Labor Market Regimes of the EU Countries

    Izabela Ostoj


    Full Text Available Labor market activity may have an effect on global economy competitiveness. This issue has been described as "labor market efficiency" (LME, which is a constituent of The Global Competitiveness Index published by The World Economic Forum (WEF. The article's purpose is to clarify the phenomenon of LME and explain the mechanisms which help the constituents affect economy competitiveness. The structure of LME points at the meaning of labor market regime, especially after considering the fact that European Union countries operate within various models of regime. The analysis of the LME diversity may help determine what type of labor market regimes are most efficient in enhancing economy competitiveness

  13. Competition Policies in Emerging Economies: Lessons and ...

    30 juil. 2008 ... Do small developing economies, or SDEs, need a specific competition policy to ... to promote competition and business creation, yet the economic and ... in Emerging Economies features in-depth analysis of two strategic ...

  14. Competitiveness in tourism economies of the APEC

    Reyna María Ibáñez Pérez


    Full Text Available It is estimated that by 2030 the influx of tourists worldwide scope 1. 7 billion people. For such figures become a reality, timely in formation that can be taken as a reference for the generation of strategies aimed at harnessing the tourism potential of the various destinations in the world is required, plus a coordinated work between different economies, blocks and organizations. Here, in this article, an overview of the situation and development of tourism competitiveness of nations that make up the Forum Asia Pacific Economic Cooperation (APEC is provided. The methodology consisted of review of specialized search and sta tistical information influx, income and tourism competitiveness globally and literature APEC member country. The main results indicate that globally between 2010 and 2013, APEC countries experienced an increase in tourism revenues of 25%, a figure that exceeds global trends. In 2013, the level of tourism competitiveness presented by APEC, ranged between 6 and 82 position globally and only 53% of the 19 APEC economies that were evaluated by the World Economic Forum (WEF, improved their level of competitiveness. In relation to the regulatory framework linked to tourism, nations like Peru, Brunei and Russia reached the lowest ratings of the block thus have enormous work to do to improve your score in this category. In business environment and infrastructure, highlighted America. While in human and cultural resources, proved to be the issue in which APEC economies outperformed. Finally, results for APEC economies, evidence that critical areas are those concerning regulation and policies; and particularly sustainability issue, which can become a bottleneck in terms of competitiveness in the area of APEC therefore must strengthen and design better strategies for joint efforts in relation to such matters.

  15. The Competitive Potential of the Belorussian Economy

    Migranyan, A.


    The article is an attempt to study the factors of the competitive capacity of Belorussian economy. There are two groups of factors of competitive potential and competitive advantages' formation: internal (changes in resource allocation) and external factors (adaptation to external shocks). The study found that the main source of the increase of competitive capacity of the Belorussian economy were foreign. The competitive potential of Belarus was formed on the basis of the increased exports. H...

  16. Competitiveness of chinese socialist market economy

    Henry Ernesto Turner Barragán


    Full Text Available The article analyzes the dynamics held by the Chinese economy becomes, since it happened to be a communist to a capitalist economy and social market economy. Being in the latter, in which the country achieved high rates of economic growth, and improve their competitiveness pillars, generating higher growth prospects in the economy and the income of the society.

  17. The strategic role of partnerships between universities and private corporations as a driver for increasing workforce competitiveness in a global economy

    Damoc Adrian-Ioan


    Full Text Available A global economic context means increased competition as corporations face contenders from other countries, and there is a wider range of choices on the market available to consumers. This global competition drives economic actors to seek competitive edges to increase the efficiency of their operations; within this global economy, corporations seek these advantages, outsourcing their activities in order to make use of the opportunities of globalisation. The same situation can be encountered on the labour market. While the expansion of economic activities globally often means increased employment opportunities, it also means that job seekers from around the world need to become more competitive on the job market to attract better employment opportunities. Workforce competitiveness is determined by various factors, like availability and ease of access (i.e. job market legislation, level and quality of education, and cost. The level and quality of education are of particular concern, as it gauges the potential of the workforce, and is the cornerstone of the controversial “skills gap”, based on a common complaint of corporations regarding a shortage of skilled employees. Acknowledging the importance of this factor, numerous companies have concluded partnerships with local universities, leading to intimate connections between the business environment and education. Thus, in the same manner that supply and demand shape the markets for typical goods and determine the success of a market, these partnerships between universities and corporations influence the labour market, bringing together demand (i.e. the corporations seeking skilled employees and supply (universities and education centres training the future workforce. There are numerous long-term benefits that such partnerships can bring to a country’s education sector. As such, the present paper seeks to examine the strategic importance of partnerships between academia and industry as a key

  18. Competition and Outsourcing with Scale Economies

    Gérard P. Cachon; Patrick T. Harker


    Scale economies are commonplace in operations, yet because of analytical challenges, relatively little is known about how firms should compete in their presence. This paper presents a model of competition between two firms that face scale economies; (i.e., each firm's cost per unit of demand is decreasing in demand). A general framework is used, which incorporates competition between two service providers with price- and time-sensitive demand (a queuing game), and competition between two reta...


    Svetlana Tolochko


    Full Text Available The purpose of the paper is to understand and explain economy competitiveness and modern pedagogic definition correlation. Education for entrepreneurship or economic development, and education for environmental sustainability, or sustainable development are seen as arguing goals in education reforms. Teachers today also encounter a number of other and equally important challenges in their work, such as educating youth for insecurity, tolerance, new technologies, peace and active citizenship, to mention but a few. National economic competitiveness is linked to intellectual and capital and is driven by knowledge, and innovation. Sustainable development requires an understanding of the complexity of the global ecosystem and of creative problem-solving the solutions searching to ‘wicked problems’ such as that of reconciling economic activity with a sustainable environment. Methodology. It is used the data from publications and reports of the European Commission, OECD, World Bank, World Economic Forum, UNESCO, International Journals in Economics and Pedagogic: American Economic Review, Journal of Education Policy, Journal of Education Change, European Journal of Education. In the article the descriptive analysis, supported by the quantitative analysis is applied. Results. It was defined that national economic competitiveness is linked to capital driven by knowledge and innovation. It was analysed the formation of Global Competitiveness Index (GCI which is made up of over 110 variables. According to the GCI Switzerland is the most competitive economy in the world in 2015. It is highlighted the following overarching needs to: give a higher profile to the notion of interdependence: how closely one part of an ecosystem is linked to and depends upon another; making humanity more aware of its own fragility on this planet; highlight the role of cooperation: problems faced will only be resolved by international cooperation; develop the notion of a global

  20. Agglomeration economies, competitiveness and entrepreneurial performance

    Páger, Balázs; Komlósi, Éva


    This paper aims to elaborate the role of agglomeration effects on countries' competitiveness and entrepreneurial performance. Our research contributes to the understanding of the relationship that exists between a country's urban system characterized by spatial agglomeration (concentration) or deglomeration (deconcentration) processes, and its competitiveness and entrepreneurial performance, respectively. Urbanization economies refer to considerable cost savings generated through the locating...


    Mădălina Laura CUCIURIANU


    Full Text Available Global trade has an important characteristic in terms of open global markets by means of eliminating barriers to trade and investment. The United States and the European Union, two major international actors and competitors in the economic field, have both the opportunity to change the global trade by concluding the negotiations of the Transatlantic Trade and Investment Partnership. For this reason, this paper tries to find the connections between global trade and transatlantic competitiveness in the way that the global trade can be considered a key to transatlantic competitiveness. The United States and the European Union are global actors and competitors in the global economy and the play field is the global trade. In order to be aware of the importance ofglobal trade in the transatlantic competitiveness, this paper includes also an analysis of the concrete actions that both economic powers are taking in key-sectors of the transatlantic economy.

  2. Competition Policies in Emerging Economies

    But important anti-competitive practices persist in this sector, and the ...... Each of these measures helped to establish the principles under which agents could ...... would be carried out by the Tax Administration System, which would be likely to ...... Malaysia. 166.07. 11. 0. 46. 18. 26. 41.26. 38. 2.2. 20. Mauritius. 96.15. 28. 0.

  3. The Global Green Economy

    Schmitz, Hubert; Lema, Rasmus


    This article examines the changing relationship between European and Chinese wind power firms. It shows that fierce competition between the lead firms in this industry co-exists with cooperation between Chinese wind turbine makers and European knowledge intensive business services. These relation...

  4. Economy of education: National and global aspects

    Oksana Ishchenko-Padukova


    Full Text Available Our paper focuses on the national economy of education. We assume that under the current conditions of the globalized world, the economy of education reveals its two-fold nature: on the one hand, it represents an element of the national economic system, and on the other, it is also a structural component of the global education system. Therefore, national economy of education is shaped up by both internal and external factors represented by national and international influences. We analyze here the functional composition and the methods of legal regulation of the economy of education under the conditions and provisions of the global geopolitical transformations. In addition, we use the empirical model of returns to education for showing the factors that impact the employability of young graduates at the labor market. Our results confirm the importance of education for achieving higher levels of income, both nationally and internationally. Finally, we come to the conclusion that its target function consists of the global promotion of national education and consolidation of national competitive position within the world education space.

  5. Globalization and the financialization of the economy

    Ion Bucur


    Full Text Available The defining with profound implications on the economy and society is represented the globalization. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors’ obsession with an excessive profitableness of their own funds and the expansion of using sophisticated financial products. Realities of today’s financial markets, which are the subject of numerous studies and analysis, have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm, within which finances should subordinate the requirements of a balanced and sustained economic growth.

  6. Hungary Embracing Globalization: The Challenge Of Competitiveness

    Laszlo Csaba


    This think piece is an attempt to survey the evolution of competitiveness in a small open economy under the angle of costs and benefits of globalization. First a historical survey assesses the road leading to the present sage of transnationalization. Then a situation assessment is presented, followed by a survey of challenges and factors of competitiveness. Finally some general lessons are listed, without attempting to be exhaustive.

  7. Romania's Competitiveness and Competitive Position in Global Context

    Valentin NECULITA


    Full Text Available Competitiveness increase has become a primordial framework of the social and economic development strategies of most world countries (mainly the most developed ones over the last decades. The vigorous boost of the contemporary phenomenon of globalization, which has widened the global area of economies, sectors and firms confrontation, has laid an emphasis on their competitiveness importance for their favorable position in the international competition and has therefore force the status to take proper, broad and concerted measures to stimulate the determining factors of action and to take better advantage of their effects. The purpose of the paper is to determine whether an increase in competitiveness could reduce the disparities between regions. The E.U. Member States and regions need significant financial help to solve various structural problems and to achieve their potential of growth. Romania is no exception, one of the main problems being the low rate in attracting European funds.


    Pop Nicolae Alexandru


    Full Text Available Analyzing products and services around us it is clear that most of them are the result of production factors, labor and capital becoming more international and increasingly less and less national. We are witnessing the globalization of markets and production, to a large global integration and interdependence, increase personalization of production and services as a result of new communication systems interaction and flexible production processes. Markets will continue to homogenize and diversify at the same time, so it is important that as a global marketer one addresses a market segment defined by income, age, and consumption habits and not by membership of a nation. The most visible and polarized is the premium segment fighting for high income clients where brand value plays an important role. Instead identification of large segments of customers offers the advantages of scale economy in production and marketing for global enterprises. Consumer profile is the dominant global consumer requesting and accepting global products and services easily. In fact, what can force an economic alignment to achieve the best performance, rather than the global consumer. The research methodology used includes literature review, comparative analysis, synthesis of data based on bibliographic resources and official documents.The aim of the paper is to highlight current models that underlie the competitive advantage of nations and assess the competitive advantage of Romania in the context of the global market. A case study is used to offer an overview of competitive advantage of Antibiotice Iasi SA, a competitive player, in a global pharmaceutical market with strong global competition. Countries moderate companies’ achievements of global efficiency objectives due to the countries’ rivalry. Romania has to understand that it is in competition with other countries in order to fulfill economic, political and social objectives. The scope in the end is the well

  9. Aspects of essences of competitiveness of national economy

    Dikan, V.; Kirdina, E.


    Existent approaches are considered to determination of concept «competitiveness of national economy» and author approach is formed to him. Intercommunication between the competitiveness of national economy is set globalization’s processes, practical recommendations are developed on the increase of competitiveness of Ukraine in outer space.

  10. Abraham Lincoln and the global economy.

    Hormats, Robert D


    Abraham Lincoln would have well understood the challenges facing many modern emerging nations. In Lincoln's America, as in many developing nations today, sweeping economic change threatened older industries, traditional ways of living, and social and national cohesion by exposing economies and societies to new and powerful competitive forces. Yet even in the midst of the brutal and expensive American Civil war--and in part because of it--Lincoln and the Republican Congress enacted bold legislation that helped create a huge national market, a strong and unified economy governed by national institutions, and a rising middle class of businessmen and property owners. Figuring out how to maximize the benefits of globalization while minimizing its disruptions is a formidable challenge for policy makers. How do you expand opportunities for the talented and the lucky while making sure the rest of society doesn't fall behind? It may be helpful to look at the principles that informed the policies that Lincoln and the Republican Congress instituted after they came to power in 1861: Facilitate the upward mobility of low- and middle-income groups to give them a significant stake in the country. Emphasize the good of the national economy over regional interests. Affirm the need for sound government institutions to temper the dynamics of the free enterprise system. Tailor policies to the national situation. Realize that a period of turmoil may present a unique opportunity for reform. These principles drove the reforms that helped Americans cope with and benefit from rapid technological advances and the fast integration of the American economy in the nineteenth century. They may be instructive to today's policy makers who are struggling to help their own citizens integrate into the fast-changing global economy of the twenty-first century.

  11. The political economy of competition in telecommunication

    Henten, Anders; Skouby, Knud Erik


    Article dealing with the regulation of telecommunications and the establishment of a competitive regime.......Article dealing with the regulation of telecommunications and the establishment of a competitive regime....

  12. CASE STUDY: Tanzania — Competition policy spurs economy-wide ...


    Dec 16, 2010 ... People often fear for their futures when free-market policies are introduced. ... No matter how well an economy is doing, politicians like to say that for each ... holdings that interfere with legitimate and successful competition.

  13. Modern trends of development of the world economy and financial competitiveness of enterprises

    Volkova Nadezhda


    Full Text Available The article considers modern trends in the development of the global economy, the dynamics of the activity of the domestic economy. The statistical data of the share of loss-making enterprises on the domestic market are analyzed. The importance of competitiveness and financial stability of enterprises in modern conditions is considered, the relationship between competitiveness and financial stability is indicated. The notion of financial competitiveness is formulated. Financial competitiveness is analyzed from the point of view of enterprise management and on the parameters for assessing the financial stability of enterprises. Methods for assessing the financial competitiveness of enterprises have been identified. The primary calculation of financial competitiveness indicators for PJSC “SF Almaz” was carried out based on the selected methods. The analysis of the obtained calculation results is carried out. Methods are proposed to ensure financial competitiveness of Russian companies.

  14. The Resilient Economy: Integrating Competitiveness and Security

    Debbie van Opstal


    Globalization, technological complexity, interdependence, terrorism, climate and energy volatility, and pandemic potential are increasing the level of risk that societies and organizations now face. Risks also are increasingly interrelated; disruptions in one area can cascade in multiple directions. The ability to manage emerging risks, anticipate the interactions between different types of risk, and bounce back from disruption will be a competitive differentiator for companies and countries alike in the 21st century. What Policymakers Should Know The national objective is not just homeland protection, but economic resilience: the ability to mitigate and recover quickly from disruption. Businesses must root the case for investment in resilience strategies to manage a spectrum of risks, not just catastrophic ones. Making a business case for investment in defenses against low-probability events (even those with high impact) is difficult. However, making a business case for investments that assure business continuity and shareholder value is not a heavy lift. There are an infinite number of disruption scenarios, but only a finite number of outcomes. Leading organizations do not manage specific scenarios, rather they create the agility and flexibility to cope with turbulent situations. The investments and contingency plans these leading companies make to manage a spectrum of risk create a capability to respond to high-impact disasters as well. Government regulations tend to stovepipe different types of risk, which impedes companies abilities to manage risk in an integrated way. Policies to strengthen risk management capabilities would serve both security and competitiveness goals. What CEOs and Boards Should Know Operational risks are growing rapidly and outpacing many companies abilities to manage them. Corporate leadership has historically viewed operational risk management as a back office control function. But managing operational risks increasingly affects real

  15. Retailers’ competitiveness on global markets

    Grażyna Śmigielska


    Full Text Available The aim of the chapter is to show that now retail trade is a global sector but because of its specificity new strategies are necessary if global retailers want to sustain their advantage. The  concept of globalization is discussed and then referenced to the retail sector.  The process of retail internationalization which resulted in the globalization of retail sector is analyzed.  It is assumed that the retailers were motivated by the goal of sustaining their competitive advantage. So some ideas of the main theoretical views of developing sustainable competitive advantage (SCA: Environmental View and Resource Based View, referring to the process of internationalization as well as Yip’s description of globalization process are presented. On the examples of some companies, leading the process of retail fast internationalization in XX century, like Ikea, Benetton, Carrefour, Wal-Mart, it is shown how the resources they developed and external environment contributed to their globalization process. It is found out that there were two stages of the globalization of retail sector: first, in which non food companies develop on international market and second, when the mass merchandisers offering food and other Fast Moving Consumer Goods (FMCG were involved. The fact that after fast internationalization representatives of both groups face problems leads to the conclusion that to be successful in the contemporary global retail market new capabilities should be developed.

  16. Global Innovation in Emerging Economies | IDRC - International ...


    Dec 21, 2010 ... Book cover Global Innovation in Emerging Economies ... These trends are occurring in a dynamic business environment that consists of ... They have both managerial and policy implications for the companies and the ...


    Gabriela-Liliana, CIOBAN


    Full Text Available Based on the theory that competitiveness plays an increasingly powerful role in creating prosperity, wealth, a large number of economists, researchers, scientists, highlight a number of approaches aimed, on the one hand, on the analysis of competitiveness at national or regional level, and on the other hand, on the ability of local firms to achieve competitive products and to commercialize them in the extern markets. In this context we aim to analyze and develop strategies and methods to help identify competitive areas at a national level. This is necessary because in our opinion the competitiveness of a company and / or country is more than wealth itself; it means a systematic process of wealth creation, plus a social system in which most citizens have access to material wealth. We consider in this respect that a country cannot automatically be considered competitive only if it is rich in natural resources. In our view, a competitive country creates wealth through labor, talent and organization and thus it manages to have a productive and creative potential making it independent of material resources.

  18. Global Energy Forecasting Competition 2012

    Hong, Tao; Pinson, Pierre; Fan, Shu


    The Global Energy Forecasting Competition (GEFCom2012) attracted hundreds of participants worldwide, who contributed many novel ideas to the energy forecasting field. This paper introduces both tracks of GEFCom2012, hierarchical load forecasting and wind power forecasting, with details...... on the aspects of the problem, the data, and a summary of the methods used by selected top entries. We also discuss the lessons learned from this competition from the organizers’ perspective. The complete data set, including the solution data, is published along with this paper, in an effort to establish...

  19. Essays on the Indian economy : Competitive pressure, productivity and performance

    Sahoo, A.


    India undertook a drastic economic reform program in 1991, with the significant objectives of removing existing inefficiencies and enhancing global competitiveness. A competitive environment is a prerequisite condition for gaining higher productivity. The main desired role of economic liberalization

  20. Globalization, Tax Competition and Tax Burden İn Turkey

    Veli KARGI


    Full Text Available 1990’s world was quite different from the world of 1950’s. Especially in the last twenty years, the increasing involvement of Japan in the world economy since the 1990s, in addition to the dominance of globalization and market economy throughout the world, the rapid spread of information resulting from the developments in IT-technology and the international competition emerging in the field of technology have all led to some significant developments in the world economy. Reduction of high mobility income and corporate tax rates due to tax competition may cause an unjust distribution of the tax burden. The fact that indirect taxation constitutes about 70% of the tax revenues obtained in Turkey can be taken as an indication of the unfairness in the distribution of tax burden in Turkey. In this study, following a definition of globalization and tax competition, classification of tax competition, reasons for increasing tax competition, benefits and losses of tax competition are explained, and changes introduced by various countries in their tax systems due to tax competition, the distribution of tax burden resulting from tax competition in Turkey and the effectiveness of the new income tax law in Turkey in terms of tax competition are analyzed.

  1. Service Marketing Competitiveness In The New Economy

    Aleksandar Grubor


    In the new economy the basic characteristics of services determine service consumption, just as customer relationship management impacts on the approach to services marketing. Contemporary service customers perceive service quality in service encounters and in ongoing relationships as well. The perception of service quality may be presented as a basic model of perception, known in service marketing reference sources as The Perceived Service Quality Model. Service marketers and marketing manag...

  2. Globalization of the world economy

    Adelman, M.A. [Massachusetts Inst. of Technology, Center for Energy and Environmental Policy Research, Cambridge, MA (United States)


    Global trade has been growing for some 400 years. Comparing the present with 1914, there are several major changes: speed of communication and travel, the ease of moving financial assets, the growth in the Asian countries and the end of colonialism. The impact of this economic-political change in forces has a market effect on the energy industry and examples are explained. (UK)

  3. Deregulation and competitive power markets -- Its impact on developing economies

    Saran, K.


    The aim of privatization in developed countries is to encourage competition in generation and supply of power whereas the focus of developing economies is to bridge the demand supply gap by addition of capacity. However, there needs to be a reconciliation between these two apparently having conflicting objectives even in case of developing economies. In competitive power markets it is necessary that rules of the game are identified in advance and followed uniformly by all players. Existence of a ''referee'' would be necessary to regulate the game so as to ensure fair play. The regulatory institution would serve this purpose and work as a stimulator to development of privatization and competitive power markets in developing economies. Consumer interests should be of upper-most priority in the mind while establishing power markets and regulatory institutions, particularly as market forces are unfavorable to consumer interests in power shortage conditions. As competition fosters, gradually market forces take over and the ''harsh'' regulator would convert itself to a ''silent vigil referee'' so as to ensure genuine competition. The debate of deregulation vs. regulation will continue but the show must go on for building of an increasingly sound, competitive and vibrant power sector in the interest of end use consumers. The planned and phased restructuring though a delayed process is a preferred process and India is fully determined to achieve this

  4. Competitive intelligence in emerging economies: A comparative study between Brazil and South Africa

    N Sewdass


    Full Text Available Competitive intelligence (CI has long been recognised as a strategic management tool that could enhance competitiveness. CI is expected to play an essential developmental role in emerging economies. The need to enhance companies’ competitiveness has grown rapidly. CI is essential, and will increasingly be a challenge in the years to come, especially for emerging economies. This article will compare CI activities in South Africa with CI activities in Brazil. Companies in these two countries have faced increased environmental uncertainty and increasingly there is a need to compete. A questionnaire survey methodology was used where questionnaires were administered to CI experts in organisations in South Africa and Brazil. The findings of the study revealed that only a limited number of organisations in Brazil and South Africa recognise the importance of a CI unit. It was also interesting to note that the CI function is more mature in South Africa than in Brazil. As Brazil and South Africa become more integrated into the global economy, it stands to reason that the global economy will have more of an impact on the countries’ economies. To this end it has become more crucial to monitor global events and trends and it is very important for both countries to develop a CI culture.

  5. Thriving locally in the global economy.

    Kanter, Rosabeth Moss


    More and more small and midsize companies are joining corporate giants in striving to exploit international growth markets. At the same time, civic leaders worry about their communities' economic future in light of the impact of global forces on the operation and survival of business. How can communities retain local vitality yet still link their business to the global economy? Harvard professor Rosabeth Moss Kanter addresses that question in this classic HBR article, orginally published in 1995. To avoid a clash between international economic interests and local political interests, globalizing business must learn how to be responsive to the communities in which they operate, Kanter says. And communities must determine how to create a civic culture that will attract and retain footloose companies. The author surveyed five U.S. regions with direct connections to the global economy--Boston, Cleveland, Miami, Seattle, and the Spartanburg-Greenville region of South Carolina--to determine their business and civic leader's strategies for improving their constituent's quality of life. She identified ways in which the global economy can work locally by capitalizing on the resources that distinguish one place from another. Kanter argues that regions can invest in capabilities that connect their local populations to the global economy in one of three ways: as thinkers, makers, or traders. She points to the Spartanburg-Greenville region as a good example of a world-class makers, with its exceptional blue-collar workforce that has attracted more than 200 companies from 18 countries. The history of the economic development of this region is a lesson for those seeking to understand how to achieve world-class status and bring local residents into the world economy.

  6. The Green Economy in the Global South

    Brockington, Dan; Ponte, Stefano


    in this collection bring together a multidisciplinary team of scholars and a range of case studies, from forestry governance to tourism to carbon finance, to provide nuanced analyses of Green Economy experiences in the global South – examining the opportunities they provide, the redistributions they entail...

  7. The Green Economy in the Global South

    Brockington, Dan; Ponte, Stefano


    As multiple visions for a Green Economy seek to become real, so are green economic initiatives in the global South multiplying. These can offer integration into wealth-generating markets – as well as displacement, alienation, conflict and opportunities for ‘green washing’. The articles included i...

  8. Income Inequality, Global Economy and the State

    Lee, Cheol-Sung; Nielsen, Francois; Alderson, Arthur S.


    We investigate interrelationship among income inequality, global economy and the role of the state using an unbalanced panel data set with 311 observations on 60 countries, dated from 1970 to 1994. The analysis proceeds in two stages. First, we test for effects on income inequality of variables characterizing the situation of a society in the…

  9. Globalization of Brewing and Economies of Scale

    Madsen, Erik Strøjer; Wu, Yanqing

    The globalization of the brewing industry after the turn of the century through a large wave of mergers and acquisitions has changed the structure of the world beer markets. The paper tracks the development in industry concentrations from 2002 to 2012 and points to high transportation costs...... for beers and economies of scale in advertising and sales efforts as the main factors behind the wave of cross-country mergers and acquisitions. Using firm-level data from the largest breweries, the estimations verify significant economies of scale in marketing and distribution costs. Based on information...

  10. The real mechanisms of the global economy

    Angel Asensio


    Full Text Available The paper presents the main arguments of Bresser Pereira's Globalization and Competition. Development strategies based on the 'conventional orthodoxy' are shown to carry serious drawbacks ("Dutch disease", pernicious effects of external saving, currency overvaluation, while a 'new developmentalism' is promoted, in spite of the widespread belief that the nation-states have been dispossessed of their room for manoeuvre because of the globalization process. The "new developmentalism" is based on domestic finance, balanced public budgets, moderate interest rates and competitiveness policies aimed at neutralizing the tendency to exchange rate overappreciation. The paper also points out a few theoretical questions the book raises.

  11. Low competitiveness of undeveloped areas: 'Narrow throat' of Serbian economy

    Vuković Darko


    Full Text Available Inconsistent development policy and traditionally inherited poverty, lack of adequate institutional support and the impact of the transition of Serbian economy are affected the deepening of the parameters of underdeveloped areas in Serbia (South Serbia and Stari Ras and appear of new underdeveloped area (Borski basen. These areas have very low competitiveness and represent bottleneck in the overall competitiveness of Serbian economy. Low Serbian competitiveness caused by many problems (corruption, ineffective legal system and weak protection of contracts, political instability and others, where undeveloped areas represent a special dimension of this problem, with their specific problems, current from almost every social standpoint. This paper explains the specific factors that are the largest source of uncompetitiveness underdeveloped areas, analyzing economic, demographic and socio-political factors, as well as infrastructure, unemployment and education. Results showed that these indicators of competitiveness in underdeveloped areas have far less values than the same indicators in other areas in Serbia. The major causes of low competitiveness of underdeveloped areas (except common with the Republic of Serbia are: low employment, low economic activity, low productivity, low investments, poor educational and demographic structure, underdeveloped infrastructure and socio-political uncertainty. At the end, the paper presents the measures and incentives which increase competitiveness of underdeveloped areas.

  12. 2012 Global Energy Competitiveness Index

    Lorot, Pascal; Lauriano do Rego, Wilfrid


    The 2012 Global Energy Competitiveness Index, a survey jointly conducted by Institut Choiseul and KPMG, is the first of its kind. It ranks 146 countries, grouping them into 5 categories ranging from the best performers to under-performers. The first edition of this annual study ranks the countries surveyed not only by continent but also according to the quality of their energy mix, electricity access and availability levels and the compatibility of their energy policies with environmental challenges. The governing bodies of the countries in the panel (relevant ministries and regulatory authorities) can gain much from this decision-making support tool that fosters dialogue on energy-related issues. The targeted audience also includes industry professionals, NGOs, international organisations and other economic players such as banks, consulting firms and specialist commercial law firms commercial law firms. Europe is by far the best performing continent ahead of the best performing continent, ahead of the Americas and Americas and even further ahead of Asia/Oceania and Africa. Generally speaking, the Nordic countries are among the best performers: Norway, Canada, Iceland, Denmark, Sweden and Finland rank, in this order, in the global Top 10. Four EU countries are among the global Top 10 (Denmark, Sweden, Finland and France) and five others (the United Kingdom, Austria, Germany, Slovakia and Spain) are in the Top 20. Surprisingly, Colombia stood out as the fifth most competitive country in terms of energy. Its outstanding performance is due to a strong energy mix (ranked second worldwide) and an energy strategy compatible with today's key environmental challenges. The apparent domination of Northern-hemisphere countries needs to be considered in conjunction with the results achieved by the other Seeming domination of be considered in conjunction with the results achieved by the other countries with regard to their energy mix and the environmental compatibility of

  13. Economies of scale and competitiveness of an enterprise

    Maksvytienė, Inga


    Straipsnyje vertinama masto ekonomijos bei neekonomijos ir įmonės dydžio tarpusavio ryšio poveikio įmonės konkurencingumui galimybė. Veikiant masto ekonomijos ir neekonomijos sąveikos mechanizmui, vidutiniai gamybos kaštai mažėja ir įmonės konkurencingumas didėja. The aim of the research is to introduce the role of enterprise scale under the conditions of competition. In the article the theoretical model of scale economies and diseconomies interaction influence on the competitive ability o...

  14. Economy globalization and internationalization of business

    Lucia PALIU-POPA


    In the conditions of contemporary world, the active participation in international division of labor is an essential component of the development process of each country. In this context the foreign trade, as a distinct branch of the national economy is an important factor of economic growth caused by the internationalization of business and determining for the process of globalization. Starting from the belief that international business development tends to bec...




    Globalization means different things to different people. It can be defined simply as an expansion of economic activities across political boundaries of nation states. More importantly it refers to a process of deepening economic integration, increasing economic openness and growing economic interdependence between countries in the world economy. It is associated not only with a phenomenal spread and volume of cross-border economic transactions but also with an organization of economic activi...

  16. Global environmental impacts of the hydrogen economy

    Derwent, R.; Simmonds, P.; O'Doherty, S.; Manning, A.; Collins, W.; Stevenson, D.


    Hydrogen-based energy systems appear to be an attractive proposition in providing a future replacement for the current fossil-fuel based energy systems. Hydrogen is an important, though little studied, trace component of the atmosphere. It is present at the mixing ratio of about 510 ppb currently and has important man-made and natural sources. Because hydrogen reacts with tropospheric hydroxyl radicals, emissions of hydrogen to the atmosphere perturb the distributions of methane and ozone, the second and third most important greenhouse gases after carbon dioxide. Hydrogen is therefore an indirect greenhouse gas with a global warming potential GWP of 5.8 over a 100-year time horizon. A future hydrogen economy would therefore have greenhouse consequences and would not be free from climate perturbations. If a global hydrogen economy replaced the current fossil fuel-based energy system and exhibited a leakage rate of 1%, then it would produce a climate impact of 0.6% of the current fossil fuel based system. Careful attention must be given to reduce to a minimum the leakage of hydrogen from the synthesis, storage and use of hydrogen in a future global hydrogen economy if the full climate benefits are to be realised. (author)

  17. Knowledge economy readiness, innovativeness and competitiveness of the Western Balkan countries

    Cvetanović Slobodan


    Full Text Available The Western Balkan countries have set themselves the goal to join the European Union as soon as possible. Accordingly, they must adjust the key components of their development policies to the Europe 2020 strategy, focusing on key priorities such as smart, sustainable and inclusive growth. This paper explores the relationship among knowledge economy readiness, innovativeness, and competitiveness of six Western Balkan countries (Albania, Bosnia and Herzegovina, Macedonia, Serbia, Croatia, and Montenegro and the group of six selected neighboring EU countries (Austria, Bulgaria, Greece, Hungary, Romania, and Slovenia. The paper relies on the data obtained from the Knowledge Economy Index of the World Bank Institute, INSEAD's Global Innovation Index and the Global Competitiveness Index of the World Economic Forum for 2013. Obtained data from all three sources indicated significantly lower readiness for the development of economy based on knowledge, innovation and competitiveness in the Western Balkans countries in comparison to the selected EU countries. The analysis of the interdependence of the aforementioned variables points to: a statistically significant correlation between the indicator knowledge economy index and the global innovation index for both groups of countries; b statistically significant linear correlation between innovativeness and innovation efficiency ratio for the Western Balkan countries. Conversely, no respective correlation has been registered for the group of selected EU countries; c no statistically significant correlation between the global innovation index and the global competitiveness index in the Western Balkan countries, while in respect of the group of selected EU countries, the existence of significant linear correlation between these variables has been revealed.

  18. Work security in a global economy.

    Rosskam, Ellen


    Work security is a fundamental right of all working people. After World War II, the welfare state became an intrinsic part of the "Golden Age" of capitalism, in which universal prosperity seemed attainable. Workers' organizations frequently played a crucial role in policy decisions that promoted full employment, income stability, and equitable treatment of workers. Today's world order is quite different. Globalization in its present form is a major obstacle to work security. Globalization is not simply a market-driven phenomenon. It is a political and ideological movement that grants authority to capital over governments and labor. This transfer of authority hinders national efforts to promote work security and may impact the well-being of communities worldwide. In the absence of domestic autonomy, international labor standards are needed to protect social welfare. They should be geared toward curbing unemployment, poverty, and social exclusion in the global economy. The article looks at three initiatives to promote global work security.

  19. Competitiveness in the global economic crisis

    Gheorghe Popescu


    Full Text Available The first challenge is to analyze the concept of "competitiveness" given the fact that in the centre of the great economic analystes' concerns lays from some time the phenomenon of competitiveness, along with the generation of competitive advantage at the organization level and, moreover, at country level. The economic science will have to be rethought, meaning that competitiveness will have to adapt to the new prospects launched today by the global economic crisis.

  20. Algal biodiesel economy and competition among bio-fuels.

    Lee, D H


    This investigation examines the possible results of policy support in developed and developing economies for developing algal biodiesel through to 2040. This investigation adopts the Taiwan General Equilibrium Model-Energy for Bio-fuels (TAIGEM-EB) to predict competition among the development of algal biodiesel, bioethanol and conventional crop-based biodiesel. Analytical results show that algal biodiesel will not be the major energy source in 2040 without strong support in developed economies. In contrast, bioethanol enjoys a development advantage relative to both forms of biodiesel. Finally, algal biodiesel will almost completely replace conventional biodiesel. CO(2) reduction benefits the development of the bio-fuels industry. Copyright © 2010 Elsevier Ltd. All rights reserved.

  1. Dynamic International Competitiveness of Transition Economies: The Case of Poland

    Nielsen, Jørgen Ulff-Møller


    This paper shows that the reform on the structures of the Polish economy has had an impressively fast effect on the numbers of different products this country exports to Western countries. The time path may well be described by a logistic curve. The change in the exports of this country may...... therefore be characterised by a widening, instead of a deepening in specialisation. The paper introduces a new empirical methodology to evaluate the dynamic changes in export activities of a country. The result of this new methodology is that quality competition is becoming increasingly important for Poland...

  2. International perspectives on work-family policies: lessons from the world's most competitive economies.

    Earle, Alison; Mokomane, Zitha; Heymann, Jody


    The United States does not guarantee families a wide range of supportive workplace policies such as paid maternity and paternity leave or paid leave to care for sick children. Proposals to provide such benefits are invariably met with the complaint that the costs would reduce employment and undermine the international competitiveness of American businesses. In this article, Alison Earle, Zitha Mokomane, and Jody Heymann explore whether paid leave and other work-family policies that support children's development exist in countries that are economically competitive and have low unemployment rates. Their data show that the answer is yes. Using indicators of competitiveness gathered by the World Economic Forum, the authors identify fifteen countries, including the United States, that have been among the top twenty countries in competitiveness rankings for at least eight of ten years. To this group they add China and India, both rising competitors in the global economy. They find that every one of these countries, except the United States, guarantees some form of paid leave for new mothers as well as annual leave. And all but Switzerland and the United States guarantee paid leave for new fathers. The authors perform a similar exercise to identify thirteen advanced countries with consistently low unemployment rates, again including the United States. The majority of these countries provide paid leave for new mothers, paid leave for new fathers, paid leave to care for children's health care needs, breast-feeding breaks, paid vacation leave, and a weekly day of rest. Of these, the United States guarantees only breast-feeding breaks (part of the recently passed health care legislation). The authors' global examination of the most competitive economies as well as the economies with low unemployment rates makes clear that ensuring that all parents are available to care for their children's healthy development does not preclude a country from being highly competitive

  3. Globalization and competitiveness: implications for poverty ...

    The paper focuses on the interface between globalization and poverty reduction in Uganda, beginning with the advances in information technology that have transformed the globe into a virtual village. The paper presents the macroeconomic framework that has characterized the global economy and its distorted benefits to ...

  4. Interactivity Leadership in a Global Economy

    Ecaterina Necsulescu


    Full Text Available This paper aims to analyze the interaction of leadership more pronounced due to globalization, the business world, can no longer ignore the powerful cultural aspects of leadership. In other words, there are differences between leadership styles considered acceptable in a national culture or another. Looking at different models of leadership and differences between cultural norms, we find that in this increasingly globalized world, begin to crystallize several converging trends. Thus, "global leadership" that leaders who act in a multicultural environment would be useful following attributes and skills: charisma, aptitude for teamwork, openness to change, interest in political and socio-economic life of other countries; ability to retain good relations with people of other cultures, adaptability to new situations, ability to work in a multicultural team, etc. Foundation skills training exceptional global leadership is built from childhood through socialization experiences that influence cultural patterns, and also are influenced by them. Early managerial responsibilities and experience gained in international projects do not create skills for leadership in international environment, but they develop. Consequently, global leaders must create multicultural communities, creating a culture that goes over the differences between people and contains certain "guiding signals"-values and attitudes - which can be easily understood by employees from different cultural groups. Thus, global leadership development program does not focus exclusively on understanding and acceptance of cultural diversity, but goes further, making the people realize they need a common organizational culture. Globalization requires many changes in the economy, communication, political structures, in all areas of personal and organizational-among them such essential processes of cultural convergence and diversification.


    Cristian, SIMA


    Full Text Available Natural resources are not homogeneous in nature, having certain features in the productive process that require grouping them into different categories by different criteria. Consequently, natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria selected based on the proposed goals. Changing approaches based resources (materials to the knowledge, from quantity to quality, from mass products to new concepts of higher added value, follows a development that is based on eco-efficiency and sustainable products and services. In this respect, integrated research will become key factors towards global processing. Also, global digitalization requires a new approach on the role of information in the development of economy and increase of competitiveness.


    Vyshnevska O.


    and industrial groups, which become the owners of the internal resources of many states and form a separate international production sector, which is also based on international ownership, is characterized first and foremost. It is stated that the impact of globalization and transnationalization on the world economy is weighty and growing, which changes the approaches to doing business in all spheres. Adaptation to the transnationalization process requires active involvement of funds in the real sectors of the economy in order to increase their competitiveness. In an effort to capture the markets of TNCs, they have a significant negative impact on the national producer, with much higher competitive advantages and financial opportunities. An important role in guaranteeing the national security of the state, its adaptation to globalization processes, including through the process of transnationalization, belongs to the state administration, which serves as the basic basis for guaranteeing the interests of all subjects of the macro-environment (from households, to multinational companies in order to obtain not only economic , but also social benefits for the society and guaranteeing its safety.

  7. University Mergers in Finland: Mediating Global Competition

    Välimaa, Jussi; Aittola, Helena; Ursin, Jani


    University mergers have become a common strategy for increasing global competitiveness. In this chapter, the authors analyze the implementation of mergers in Finnish universities from the perspective of social justice as conceived within Finland and other Nordic countries.

  8. Globalization: the evolution of enterprises in the global network competition

    Borghoff, Thomas; Welge, Martin K.


    The globalization of a company is embedded in the globalization of its task environment. This process can be described as a co-evolutionary process of a social system in its environment. A historical view of the globalization of competition seems to prove that it can be interpreted as an evolutionary process of differentiation and integration that is reinforced by the decreasing rigidity of boundaries. A liquefaction of competition" can be observed, in which an increasing number of autonomous...

  9. The political economy of global finamcial meltdown (Depression ...

    It submitted that the global economy was indeed in depression. The implication of mono-economy based on crude oil, purchased only by the west whose economy is shrinking is very dire to the Nigeria it observed. It recommended the adaptation of the Keynesian principles of economic management which involved massive ...


    DIMA Stela


    Full Text Available The purpose of this paper is to introduce business globalization and the main globalization factors which, under the current stage, are transnational corporations. Globalization is the result of the pressure put by companies which, in turn, are under the close “magnifier” of all the involved factors (the so-called “stakeholders”. The market and the determining forces are not influenced by a political attitude nowadays marking globalization, but rather the political decisions have followed the course of economic evolutions, a trend that has always been provided by multinational corporations. In order to successfully follow up their activity, companies initiate new businesses, selling or deleting from their portfolio businesses or divisions with a decreasing tendency. Also, companies give up old rules and structures adopting new decision-making processes, control systems and mental patterns. Corporations must learn to become dynamic just like the market, if they wish to maintain, on the long run, a superior rate of income.

  11. Global Social Entrepreneurship Competitions: Incubators for Innovations in Global Health?

    Huster, Karin; Petrillo, Carl; O'Malley, Gabrielle; Glassman, Debra; Rush, Jessica; Wasserheit, Judith


    A growing number of organizations have launched social entrepreneurship competitions to help students develop the knowledge and skills to create sustainable solutions to the intertwined challenges of health and development. We conducted a program evaluation of the first 9 years of the Global Social Entrepreneurship Competition (GSEC) at the…

  12. A multicriterial analysis of national competitiveness: Evidences for a resilient economy

    Sima Violeta


    Full Text Available This article is structured in three parts, as follows: In the first part, we summarized the different approaches of national competitiveness in the literature on the economic performance assessment, using specific indexes: Global Competitiveness Index (GCI, Ecological Performance Index (EPI, and Human Development Index (HDI, highlighting their advantages and limitations. These variables were analyzed ante-crisis and ex-crisis, assuming that the economic recession could generate some effects. Data sources are presented at the beginning of the 'Results and discussion' paragraph. Considering the diversity of the issues and the inhomogeneity of data describing those issues, GDP was used along with the four composite indicators: GCI, EPI, HDI, and Economic Resilience Index (ERI. The third part presents the main findings and their implications. Thus, a downward trend of the evolution of Romania's economic resilience index during 2008-2014 was observed. This decline appears to be due largely to the decrease in Social development sub-index and in Governance sub-index. The low level of the Romanian economy resilience is mainly explained by the low level of competitiveness and productivity of production factors. The obtained outcomes suggest that in addition to national competitiveness assessing, ERI evaluation is important because it can reveal the hidden sources of vulnerability of the economy to external shocks.

  13. The new architecture of economies' typology within the globalization context

    Popa, Catalin C.


    Over viewing the most recently evolutions throughout global economy, we can easily conceive that the collateral effects of economical globalization and market integration, represents the main issues debated in specialized professional or political circles. The first step toward regain the global markets functionality is to review as a sine-qua-non condition, the institutional and functional structure of financial system and global economy system as well. In such context, this paperwork is mea...

  14. Competitiveness of the Russian Federation in the Global Tourism Market

    Slavomir Bucher


    Full Text Available At present, the tourist industry is one of the fastest growing economic branches of the global economy. For many countries, it brings a significant portion of revenues to their national economies. In the article, the identification and assessment of the secondary data of the World Economic Forum published in The Travel & Tourism Competitiveness Report are carried out. In the Report, the strengths and weaknesses of some countries in the international tourist market are specified in detail. The plan of the analysis is in a more precise specification of competitiveness indices, which consist of compound indices: I — legal framework; II — business environment and infrastructure; III — human, cultural and natural resources for the Russian Federation and some states of Post-Soviet geopolitical space. The goals of the paper are the evaluation of the 14 factors that affect destination competitiveness and the comparison of the competitiveness levels in the Russian Federation. The paper also aimed to provide an understanding of the Russian position in the international tourism market and provide suggestions in order to improve weaknesses of the country. The competitiveness ranking 2015 for the tourism infrastructure, prioritization of travel and tourism, and national tourism perceptions suggest that Estonia, Latvia, Lithuania and Russia rank the top, relative to other former Soviet Union countries in the sample. Since these countries outperform in a tourism infrastructure, it is likely that they continuously try to improve their physical and financial infrastructure for tourists in the country. Therefore, it is a great challenge for Russia to constantly monitoring new trends and occurrences in the international tourism market, which are more diverse needs and demands of the tourist clientele. The findings of this study also shed light on the competitiveness of the Russian Federation operating in the international tourism market. As understood from

  15. Regulatory Competition in Global Financial Markets

    Ringe, Georg


    competition are a reality in today’s global financial market, and the financial sector is different from their traditional fields of application: the ease of arbitrage, the fragility of banking and the risks involved are exceptional. Most importantly, regulatory arbitrage does not or only rarely occurs......The decades-long discussion on the merits of regulatory competition appears in a new light on the global financial market. There are a number of strategies that market participants use to avoid the reach of regulation, in particular by virtue of shifting trading abroad or else relocating activities...


    Popa Ioan


    The category of global firms should not include just the large transnational corporations, but also the medium and small enterprises that operate exclusively or mainly on the global market. Within this plan there can be created and developed competitive advantages which are primarily based on the reaction speed to the changes in progress, the capacity to adapt to new things and the availability for intercultural communication. These last conditions represent characteristics of the Romanian business approach.

  17. Measuring Sustainable Competitiveness in Contemporary Economies—Insights from European Economy

    Gheorghe H. Popescu


    Full Text Available The recent transformation of the national economies has raised numerous theoretical and practical aspects in measuring economic growth, welfare, environmental performance, and competitiveness, representing a challenging research topic within the context of economic paradigm transformation. Despite its importance, a fully operational model to be used in any context has not yet been designed. The main aim of this paper is to evaluate and analyze the macroeconomic dimension of the three determinants of sustainable competitiveness: the economic environment, the social environment, and the natural environment, at both the European and Romanian levels. This paper used the Hierarchical Clustering methodology, aiming at evaluating the global competitiveness in terms of a sustainable development model, using four indices: Human Development Index, Environmental Performance Index, Global Competitiveness Index, and GDP per capita. The clusters were designed on the basis of the role of the indices in assessment of the sustainable performances of the countries and also of the possible convergences between them. The results could sustain the conclusion that these indices are not able to offer an exhaustive image of the sustainable performances assessment. A new complex indicator could be considered in order to design a convergence model for the EU member states.

  18. The Political Economy of Global Communication

    Robert W. McChesney


    Full Text Available Editorial note McChesney’s contribution was first published as an introductory chapter in the edited volume entitled Capitalism and the Information Age. In this volume, authors (also those basing their research in areas other than critical communication studies provided, amongst other things, a critique of the celebratory ideas about the revolutionary potentials of the Internet, the new information and, communication technologies, and of the information society, which supposedly brought about a complete discontinuity with the past. The volume presented an original and sorely needed critical insight into these debates, which often hailed new technologies and social changes. It is worth pointing out that this volume also features two chapters by Noam Chomsky and Edward Herman. In these they rethink the role of propaganda in society and their own “propaganda model”, which was aggressively (but often baselessly criticized. Herman’s chapter is dedicated in its entirety to providing a weighty answer to these critiques. McChesney’s contribution, on the other hand, gives an insight into the history of the approach of political economy of communication, embeds the approach in the context of global capitalism (when the full realization about its role in the world context only started to emerge, while also touching upon the key dilemmas of its time that remain relevant to this day (e.g., market liberalization and the corporate ownership of media industries, growth of monopolization, digitalization and the Internet. This is a timely contribution that also demonstrates McChesney’s activist approach and shows how difficult it is for social scientists to forecast what exactly the future will bring.

  19. The consequences of product markets globalization for Ukraine’s national economy

    Ivashchenko Maryna


    Full Text Available The features of global commodity markets have been considered in the article. The purpose of the article is to identify the sources and consequences of commodity markets globalization observable in the world economy and to develop the recommendations as for the state and corporate governance in the context of global competition. The author’s attention is paid to transnational corporations that make up the most significant competition in the global commodity markets. The influence of transnational business on product markets has been investigated. The last is defined as a product of globalization on the one hand, and becomes a catalyst of globalization processes on the other hand. Also the place of Ukraine in global ratings has been traced. It has been proved that the most effective way of behavior of Ukrainian enterprises on the global commodity markets among all the possible variants is the way of innovation development. Despite the reduction of the government regulatory role in the global economy it has been recommended the adoption of effective management decisions to support of the domestic producers but not at the expense of a healthy global competition.

  20. The Economy Governing During Globalization Era

    Ion Bucur


    Full Text Available World and national economie governing is an essential premise of the political stability and democratic evolution. In this study are approached theoretical and practical aspects of the economie governing. Theoretical acquisitions in this field highlit multiple perspectives of approaching and difficulties to characterize this complex and multisized fenomenon. A possible theory of governing the economy needs to use some concepts and mechanisms particular to more scientific fields (political science, economy, cibernetics, the theory of systems and others. The dinamic character and the instability of the present system of governing imposed the analysis of the factors and conditions which have generated the crises of the national and world economic governing. In this context, there are indentified the forms of manifesting the instability (lack of legitimacy, transpa¬rence and democratic responsability, and also the direction of necessary action to implement an efficient and responsable economic governing.

  1. The Economy Governing During Globalization Era

    Ion Bucur


    Full Text Available World and national economie governing is an essential premise of the political stability and democratic evolution. In this study are approached theoretical and practical aspects of the economie governing. Theoretical acquisitions in this field highlit multiple perspectives of approaching and difficulties to characterize this complex and multisized fenomenon. A possible theory of governing the economy needs to use some concepts and mechanisms particular to more scientific fields (political science, economy, cibernetics, the theory of systems and others. The dinamic character and the instability of the present system of governing imposed the analysis of the factors and conditions which have generated the crises of the national and world economic governing. In this context, there are indentified the forms of manifesting the instability (lack of legitimacy, transpa¬rence and democratic responsability, and also the direction of necessary action to implement an efficient and responsable economic governing.

  2. A Stay-Rich View of the New Global Economy

    Trusteeship, 2011


    Major demographic changes around the world. Disproportionate sovereign debt. A shift from North America, Western Europe, and Japan to emerging economies as centers of growth. Unprecedented levels of market risk and volatility. The structure of the global economy is undergoing significant changes. Michael Oyster, managing principal of Fund…

  3. Regenerative medicine in Europe: global competition and innovation governance.

    Hogarth, Stuart; Salter, Brian


    Leading European nations with strong biotech sectors, such as the UK and Germany, are investing heavily in regenerative medicine, seeking competitive advantage in this emerging sector. However, in the broader biopharmaceutical sector, the EU is outperformed by the USA on all metrics, reflecting longstanding problems: limited venture capital finance, a fragmented patent system, and relatively weak relations between academia and industry. The current global downturn has exacerbated these difficulties. The crisis comes at a time when the EU is reframing its approach to the governance of innovation and renewing its commitment to the goal of making Europe the leading player in the global knowledge economy. If the EU is to gain a competitive advantage in the regenerative medicine sector then it must coordinate a complex multilevel governance framework that encompasses the EU, member states and regional authorities. This article takes stock of Europe's current competitive position within the global bioeconomy, drawing on a variety of metrics in the three intersecting spheres of innovation governance: science, market and society. These data then provide a platform for reviewing the problems of innovation governance faced by the EU and the strategic choices that have to be confronted in the regenerative medicine sector.

  4. Emerging Economies and Firms in the Global Crisis

    n exploration into the impact of the global crisis on emerging economies and firms and their responses to it. The ways in which the leading emerging economies of Brazil, Russia, India and China (BRIC) are dealing with the challenges of the global crisis are complemented by the approaches applied...... by countries and firms from Central and Eastern Europe. This is a pioneering volume shedding light on the successful international activities of the emerging economies in the global crisis. Offering a variety of perspectives, the chapters deal with the successful application of specific modes of market entry...... of BRIC economies in developed countries and the ways in which Russian, Indian, Chinese, and also Polish, Slovene and Estonian firms have coped with the challenges of the global crisis....

  5. The Rise of Middle Kingdoms: Emerging Economies in Global Trade

    Gordon H. Hanson


    In this paper, I examine changes in international trade associated with the integration of low- and middle-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for imported raw materials, which they use to build cities and factories. Industrialization throughout the South has deepened globa...

  6. Regulatory Competition in Global Financial Markets

    Ringe, Georg


    Regulatory arbitrage in financial markets refers to a number of strategies that market participants use to avoid the reach of regulation, in particular by virtue of moving trading abroad or relocating activities or operations of financial institutions to other jurisdictions. Where this happens...... institutions' excessive risk-taking. If such risk-taking would be judged by market discipline instead of posing a risk to global financial stability, the main downside of regulatory competition could be restrained. Within the boundaries of such a system, competition could then operate and contribute...... their standards solely to attract business and thereby impose externalities on the worldwide financial market by undermining financial stability as a global public good. Policymakers worldwide are experimenting with remedies to respond to the phenomenon. I introduce the importance of an effective special...

  7. Arbitrage and Competition in Global Financial Regulation

    Ringe, Wolf-Georg

    Regulatory arbitrage in financial markets refers to a number of strategies that market participants use to avoid the reach of regulation, in particular by virtue of shifting trading abroad or else relocating activities or operations of financial institutions to other jurisdictions. Where...... institutions’ excessive risk-taking. If such risk-taking would be judged by market discipline instead of posing a risk to global financial stability, the main downside of regulatory competition could be restrained. Within the boundaries of such a system, competition could then operate and contribute...... their standards solely to attract businesses and thereby impose externalities on the worldwide financial market by undermining financial stability as a global public good. Policymakers worldwide are experimenting with remedies to respond to the phenomenon. I introduce the importance of an effective special...

  8. Your Institution in a Global Economy

    Freund, William


    In this article, the author offers his reflections on the American economy and its "slow, gradual, and tedious" recovery. What the American people are experiencing now is not one of the ordinary recessions that have been experienced since World War II. What they have seen is a bursting of a bubble in the credit markets and in financial…

  9. Significance of supplier selection criteria evolvment in IT outsourcing to emerging economies: lessons from a global IT outsourcing project

    Hyvonen, H.; Helminen, M.; Watanabe, C.


    In line with the increasing significance of the acceleration of information technology (IT) advancement and also of harnessing the vigor of emerging economies, IT outsourcing to emerging economies has become global concerns. This enables global companies to enjoy a critical competitive edge by choosing the best option in outsourcing strategy and supplier selection. Consequently, supplier selection criteria have become critical issues for both suppliers and customers. This paper a...

  10. A change in a competitive economy with indivisible commodities

    Takayuki Oishi; Shin Sakaue


    We consider the relationship between a traditional competitive market and a competitive market with middlemen for trading indivisible commodities. We demonstrate that existence of many homogeneous middlemen leads to a change from the market with middlemen to the bilateral market.

  11. Market Economy under Rapid Globalization and Rising Productivity

    Konov, Joshua Ioji


    Market economy of enhancing business laws in contracting, bonding, insuring, legal corporate structures , e.g. will marginalize the economic agents and tools that make market competition unfair, empower small and medium businesses and investors, and boost business activities, fiscal strength, employment, and capital transmission. Keynesian capital infusion will extend its market effect in such higher security marketplace.

  12. Urban competitiveness in the knowledge economy: universities as new planning animators

    Hospers, Gerrit J.; Benneworth, Paul Stephen


    Contemporary economic activity is increasingly dominated by ‘knowledge-based’ activities. Increasingly internationalisation of competition has increased pressures on firms in all advanced economies to compete primarily in terms of product differentiation (Porter, 1990). This has changed the nature

  13. Global Innovation in Emerging Economies | CRDI - Centre de ...

    21 déc. 2010 ... There are mainly two new trends: the location of globally strategic R&D by multinational corporations in developing countries and, more recently, the trend for companies in emerging economies to perform R&D to develop products and services for global markets. These trends are occurring in a dynamic ...

  14. Emerging Global Political Economy and Implications for the Nigerian ...

    The world has been transformed into a global political economy as a result of the unprecedented level of interconnectedness of political, economic, social and technological forces that permeate the contemporary global system. This paper identifies trade regulations, technology and capitalism as core factors responsible for ...

  15. Ecological Modernization and the Global Economy

    Mol, A.P.J.


    This paper explores what an ecological modernization perspective has to offer in an era marked by globalization. Globalization processes and dynamics are mostly seen as detrimental to the environment. The point that an ecological modernization perspective puts on the research agenda is that,


    Yevheniia Duliba


    Full Text Available The purpose of this research is to study the main problems that prevent Ukraine from integrating into the global economy and to determine correct focuses of the foreign economic policy of Ukraine against the background of strengthening of globalization tendencies throughout the world. The bases of this research are bases of business development of the foreign economic policy of Ukraine and improvement of Ukrainian economy against the background of international integration. At the heart of the research methodology is a dialectical method of scientific knowledge and, besides, special methods of research based on modern scientific bases of economic, management and related to them knowledge: economic and statistic method – for the assessment of the modern state of foreign trade and investment activity of Ukraine; method of analysis and synthesis – for the determination of tendencies of development of integration processed in Ukraine; comparative analysis – for comparison of information concerning development of specific indicators of foreign economic activities in Ukraine. Results. As a result of research, the main blocks of problems, which impede the integration of Ukraine into the global economy, and requirements for their complex solution are determined. Besides, interdependence and interdetermination of problems, which impede the integration of Ukraine into the global economy, and requirements for their complex solution are explained. Political and legal, economic, sociocultural, and infrastructural preconditions that are necessary for effective integration of Ukraine into the global economy are highlighted. Practical implications. Analysis of the existing problems related to the actual economy, investments, innovation processes gives the possibility to determine the vector of development of Ukraine’s economy taking to account recommendations concerning its improvement for the purposes of integration into global economy. Value

  17. Science and technology and global competition

    Lanzavecchia, G.


    The impacts of R ampersand D and technological innovation on economic development are discussed with reference to the current and probable future status of various industrialized countries in highly competitive marketing areas such as micro- electronics. An assessment is made of international trends in approaches towards: corporate planning, organizing, sizing, on-the-job training and the modelling of employee attitudes; methods for dealing with risk and uncertainty in non-linear and complex global economic markets; research and development orientation and investment; and government policy making regarding education, economic growth and technological innovation


    Aslı ÖZTOPÇU


    Full Text Available Coffee retailers are trying to improve both their products and services and to increase their market share. Companies are both competing and developing different strategies such as issues production, R&D, business model, customers, and innovations. The aim of this study is to determine the competitive strategies in the coffee retailing aspect of the market economy. For this purpose, firstly, in this sector, the major competitors, suppliers, and customers were researched and the general structure of the sector was determined. Secondly, size of the global market, industry, and demand growth rate and the future status of the coffee retail industry were determined. Finally, the bargaining power of customers and suppliers of the sector were evaluated. According to the evaluation obtained, it was understood that coffee retailing is an attractive, large and dynamic sector. In the analysis according to the study of Porter’s five force model, important information was obtained for coffee retailing.

  19. Innovation Strategies for a Global Economy: Development ...


    Oct 1, 2010 ... This path-breaking book integrates theory, case studies, data and policy ... their development, implementation, measurement and management. Following the global economic crisis, people are asking: what went wrong? Here ...

  20. Overcoming the Ulama: Globalizing Iran's Political Economy

    Brechbill, Alan M


    ..., or to participate more actively in the outside world. The religious establishment or ulama play the most significant role in the dichotomy between Iran's theocratic conservatism and the position Iran takes in globalization...

  1. Globalization and its Impact on Bangladesh Economy

    Rahman, Faizur


    ...), and the World Trade Organization (WTO) in setting the rules under which globalization is played, has placed developing countries in a much disadvantageous position vis-a-vis the developed countries...

  2. US forest products in the global economy

    Dave N Wear; Jeff Prestemon; Michaela O. Foster


    The United States’ shares of global industrial roundwood production and derivative products have declined precipitously since the 1990s. We evaluate the extent of these declines compared with those of major producing countries from 1961 to 2013. We find that the US global share of industrial roundwood peaked at 28% in 1999 but by 2013 was at 17%, with the decline...

  3. European Responses to Global Competitiveness in Higher Education. Research & Occasional Paper Series: CSHE.7.09

    van der Wende, Marijk


    The growing global competition in which knowledge is a prime factor for economic growth is increasingly shaping policies and setting the agenda for the future of European higher education. With its aim to become the world's leading knowledge economy, the European Union is concerned about its performance in the knowledge sector, in particular in…

  4. The Homogenization of Planetary Life: The Inner Logic of Global Market Competition. The Iconoclast.

    McMurtry, John


    Notes that the law of competitive advantage, quoted so frequently in support of the global economy, mandates a uniformity of agricultural and economic products. Argues that this systematically selects against the biodiversity of life and reduces nature's capacities to adapt and reproduce in changing biological conditions. (MJP)

  5. The Wolf and the Caribou: Coexistence of Decentralized Economies and Competitive Markets

    Andreas Freund


    Full Text Available Starting with BitTorrent and then Bitcoin, decentralized technologies have been on the rise over the last 15+ years, gaining significant momentum in the last 2+ years with the advent of platform ecosystems such as the Blockchain platform Ethereum. New projects have evolved from decentralized games to marketplaces to open funding models to decentralized autonomous organizations. The hype around cryptocurrency and the valuation of innovative projects drove the market cap of cryptocurrencies to over a trillion dollars at one point in 2017. These high valued technologies are now enabling something new: globally scaled and decentralized business models. Despite their valuation and the hype, these new business ecosystems are frail. This is not only because the underlying technology is rapidly evolving, but also because competitive markets see a profit opportunity in exponential cryptocurrency returns. This extracts value from these ecosystems, which could lead to their collapse, if unchecked. In this paper, we explore novel ways for decentralized economies to protect themselves from, and coexist with, competitive markets at a global scale utilizing decentralized technologies such as Blockchain.

  6. An oil-sick global economy?



    Since early 2004, oil prices have increased by 50% as a combined result of a demand shock, tensions on production capacities and supply disruptions. The surplus of wealth from oil importing to exporting countries nears 100 bn dollars (0.3% of OECD GDP) in the whole year. Households' real income should decrease by 0.3 point in the Euro zone and by 0.5 point in the US. According to our oil price forecasts (33 dollars a barrel by the end of 2005), GDP growth should be reduced by 0.4 point in 2004-2005. Should prices remain at 50 dollars throughout 2005, growth in industrial countries will be further impaired (0.6 point with a monetary policy response), but developing economies will suffer more. Oil producing countries should increase their imports and the reintroduction of petro dollars on financial markets should hold international interest rates down

  7. Jobless society – phenomenon of global economy

    Bilobrova Tetiana Oleksandrivna


    Full Text Available The main characteristics and causes of the jobless society formation based on the demographic indicators and trends in the global labour market observed have been identified in the article. The structural changes in youth employment and a number of new challenges for modern society have been investigated. The extent and nature of youth employment crisis according to the particular country and region have been analyzed. The process of young people into the virtual labour market integration as one of the possible solutions of global unemployment problem among young people has been described.

  8. The global household: toward a feminist postcapitalist international political economy.

    Safri, Maliha; Graham, Julie


    The goal of this article is to introduce a new category into international political economy-the global household-and to begin to widen the focus of international political economy to include nonmarket transactions and noncapitalist production. As an economic institution composed of transnational extended families and codwellers (including international migrants and family members left behind in countries of origin), the global household is engaged in coordinating international migration, sending and receiving billions of dollars in remittances, and organizing and conducting market- and non-market-oriented production on an international scale. We first trace the discursive antecedents of the global household concept to theories of the household as a site of noncapitalist production and to feminist ethnographies of transnational families. In order to demonstrate the potential significance and effect of this newly recognized institution, we estimate the aggregate population of global households, the size and distribution of remittances, and the magnitude and sectoral scope of global household production. We then examine the implications of the global household concept for three areas of inquiry: globalization, economic development, and the household politics of economic transformation. Finally, we briefly explore the possibilities for research and activism opened up by a feminist, postcapitalist international political economy centered on the global household.

  9. Social Justice and Lower Attainers in a Global Knowledge Economy

    Sally Tomlinson


    National governments believe that higher levels of educational attainments and training are necessary for successful competition in knowledge-driven economies and all young people are urged to invest in their own human capital and learn new skills. Moves towards inclusive education have brought into mainstream schools and colleges many who would formerly have been segregated in special schooling or otherwise given minimum education, joining those simply regarded as lower attainers. More resea...

  10. Transnational anew, competitive at last: the oil market in the globalization era

    Noel, P


    International political economy can be conceived as the study of the interaction between the confrontation of state sovereignties, whose regulation is primarily a question of power and secondarily of norms and institutional procedures and global economic activity (production and exchanges), which is a process of strategic interaction. The problem consists then in understanding how these two components are linked, influence over each other, support or conflict with each other in the global oil system. To consider oil in terms of International Political Economy (IPE), is thus to see it simultaneously as a potential object of inter-state confrontation and of economic competition. (A.L.B.)

  11. Transnational anew, competitive at last: the oil market in the globalization era

    Noel, P.


    International political economy can be conceived as the study of the interaction between the confrontation of state sovereignties, whose regulation is primarily a question of power and secondarily of norms and institutional procedures and global economic activity (production and exchanges), which is a process of strategic interaction. The problem consists then in understanding how these two components are linked, influence over each other, support or conflict with each other in the global oil system. To consider oil in terms of International Political Economy (IPE), is thus to see it simultaneously as a potential object of inter-state confrontation and of economic competition. (A.L.B.)

  12. Corporate social responsibility in the new global economy

    Lindfelt, Lise-Lotte


    This paper is a discussion of the rights and responsibilities of global corporations. Multinational and transnational corporations of the new economy face a serious difficulty in being ethical today. The environment is subject to the enormous influence of material monism and ethics becomes at times a question of profits. This paper discusses a few aspects on ethical marketing strategies, the use of ethical codes and corporate survival under the pressures of increasing globalization. The purpo...

  13. Globalization and the Rise of the Entrepreneurial Economy

    Audretsch, D.; Sanders, M.

    This paper argues that recent trends in the global economy have led to a shift in developed countries’ comparative advantage from mature industrial to early stage entrepreneurial production. We develop a three stage product life cycle model in which we distinguish between life cycle stages

  14. Impact of global financial crisis on the economy of Ukraine

    Turko, Vasyl; Mukan, Andriy


    Thе primary concern of this research is to examine the impact of the global financial crisis on the economy of Ukraine. The principal result of this research is to identify the main causes and levers of that influence. The study proposes a new way out of economic crisis in Ukraine.

  15. The debt crisis, the global economy and the challenges of ...

    The debt crisis, the global economy and the challenges of development: sub Saharan Africa at the crossroads. ... democratization, striving towards gender parity, stemming conditions that precipitate incessant conflicts, reversing the region's crumbling environmental conditions, and fighting the HIV/AIDS pandemic. Journal of ...

  16. Global knowledge economy in the post-colony: public universities ...

    Annals of Modern Education ... like widening digital divide and increasing exclusion from the global knowledge economy, devaluation of indigenous knowledge systems, increased 'white slavery' and perpetuation of the culture of dependency, as well as lack of self-confidence in local intellectual values and practice.

  17. Globalization, Competitiveness, International Trade, Industrial Policy and Employement

    Joaquín Novella


    Full Text Available Competitiveness is presented as a variable key in the present context of a worldwide economy and extends its influence over the international trade tendencies, industrial policies and employment.The variations which trade relations at international level have undergone throughout the second half of the twentieth century have been accompanied by successive theoretical contributions, which have evolved from the traditional theories of the nineteenth century concerning comparative advantages and which introduce more complex factors.The product cycle model expounded by Vernon offers an explanation for the continual flow of sectors at international level as well as the characteristics of the most adequate industrial policy and the commercial patterns of each State revealing the importance of technology, human capital and international marketing as key factors for international competitiveness.This article explains the appearance of news procedures of international competitiveness based on product diferentiation, quality and brand image which, nowadays, coexist with traditional models such as costs and prices reductions.At every stage of a country’s development, a sectorial production structure together with some specific demand characteristics, salary and productivity levels correspond to it. All these latter aspects are interelated and should be analysed all together. With globalization, the speed with which a product passes from one phase to another has accelerated as well as the time it travels from the central countries to those intermediate ones and from there successively to those in the South, in such a way that these sectorialswings in international trade should be considered as a normal effect of it. Competition via salary reductions and social security benefits is not the only nor the most recommendable solution given that, in the long term, it affects the quality of production and social stability degrading as it does the standard of


    ALASMARI Khaled


    Illicit markets especially those dealing with narcotics constitute grievous issues to the world’s economies, putting to test global safety, economic progress as well as security and many other aspects. Seemingly, illicit narcotics trade in the last decade – that is 2000 to 2011 underwent a significant boom, resulting from a wide spectrum of illegal drugs such as cocaine as well as heroin among many other hard drugs. In today’s global society, several concerns are emerging on the rise of illicit narcotics trade accompanied with organized crime, chiefly as major hindrances to consistent global economic progress. Apparently, some of the effects of illicit narcotics trade are that; this trade gradually turns upside down business rules, opening way for new unruly market players besides reconfiguring influence in global economics as well as politics. Surprisingly, the revenue from illegal drugs in 2011 alone was roughly 10% of the global GDP. Hence, exaggerating local economies’ incomes and triggering ceaseless conflicts among market players, while at the same time reducing legal business activities likewise disintegrating socioeconomic conditions. An empirical research method was adopted for this study, analyzing illicit trade in narcotics on the global arena as from 2000 to 2011 and its resultant effects. The research findings indicate that, illegal drugs trade particularly on the world economy besides growing at a high rate, it endangers the overall welfare of humans likewise the business environment. This is ostensibly because this trade has high chances of engrossing regional economies into illegal drugs business activities, causing them to neglect sustainable ethical businesses. Now, to effectively address negative economic issues related to illegal drugs trade, there is apparent need for integrated efforts from local as well as international authorities. Such efforts are chiefly to control not only the harmful effects resulting from the use of illicit

  19. Coal and gas competition in global markets



    Global consumption of commercial energy totalled 18 Gt of coal equivalent in 2010. With a 28% share, coal ranked second after oil as one of the major sources of primary energy and natural gas (at 21%) ranked third. Gross power generation with coal was approximately 41% and gas 22%. Natural gas as a global commodity is growing rapidly with the advent of unconventional sources such as shale gas. Recently, gas has become the fuel of choice for new power generating plants in some countries. Overall production of coal has increased in the same time-frame. The share of coal in electricity production was constant in Europe from early 2000 but recently increased. This was due to the high cost of gas in Europe and a low emissions penalty levied by the regulator, making coal currently more competitive in Europe compared to gas. Coal utilisation continues to increase in Asia but is facing serious competition with gas in the USA, where the share of electricity generated with coal dropped in 2012. However, natural gas used to generate electricity in early 2013 was below the high level seen during the comparable 2012 period, when low natural gas prices led to significant displacement of coal by natural gas for power generation. The current consensus in the USA is that while coal may recover ground in the short term, it loses in the long term as coal plants are retired. The discovery, production and availability of significant amounts of gas have implications for not only the price of natural gas but also the price of coal as well as supply and demand, and utilisation of both fuels internationally. The interaction between coal and gas in the global markets today is investigated in this review and the near-term outlook and impact on both fuels is presented. In this report, reserves, production and trade, supply and demand, pricing, utilisation and consumption, public attitudes and finally near/short to medium-term prospects are discussed for both coal and gas.

  20. Impact of Geological Changes on Regional and Global Economies

    Tatiana, Skufina; Peter, Skuf'in; Vera, Samarina; Taisiya, Shatalova; Baranov, Sergey


    Periods of geological changes such as super continent cycle (300-500 million years), Wilson's cycles (300-900 million years), magmatic-tectonic cycle (150-200 million years), and cycles with smaller periods (22, 100, 1000 years) lead to a basic contradiction preventing forming methodology of the study of impact of geological changes on the global and regional economies. The reason of this contradiction is the differences of theoretical and methodological aspects of the Earth science and economics such as different time scales and accuracy of geological changes. At the present the geological models cannot provide accurate estimation of time and place where geological changes (strong earthquakes, volcanos) are expected. Places of feature (not next) catastrophic events are the only thing we have known. Thus, it is impossible to use the periodicity to estimate both geological changes and their consequences. Taking into accounts these factors we suggested a collection of concepts for estimating impact of possible geological changes on regional and global economies. We illustrated our approach by example of estimating impact of Tohoku earthquake and tsunami of March 2011 on regional and global economies. Based on this example we concluded that globalization processes increase an impact of geological changes on regional and global levels. The research is supported by Russian Foundation for Basic Research (Projects No. 16-06-00056, 16-32-00019, 16-05-00263A).


    А. Кozlova


    Full Text Available The article highlights the factors influencing agricultural production towards global market. The study consists basic fundamental imperatives of globalization on the agricultural sector in international economic relations. The article analyzes the strategic priorities of the international agricultural sector, which includes financial and credit support, legal aspects, processes and integration of organizational structures. Technological imperatives require a large structural and institutional turn in the Ukrainian economy on the basis of current trends in the global economy, scientific and technical potential. There is a growing importance of organizing and conducting international level in the field of technological forecasting. This type of prediction is considered as backbone component in strategic forecasting and economic development programming.




    The paper examines the teachings of the Qur’an and the Sunnah and the views of a number of classical Muslim scholars with respect to the unity of mankind and its implications for integration of the world economies through increased specialization and division of labor and removal of restrictions on the free flow of goods, services, labor and capital. It then discusses the extent to which these teachings and views fit within the framework of the New Global Economy. It argues that the philosoph...

  3. Defining competitiveness through the theories of new economic geography and regional economy

    Vuković Darko


    Full Text Available The subject of work is defining competitiveness through a multidisciplinary approach of the theories of new economic geography and regional economy. The paper describes in detail the theory of competitiveness, defined by numerous authors in this area, with special emphasis on the opposing views of Michael Porter and Paul Krugman. A regional competitiveness that is colsely related to economic geography and regional economy, the development of regional economy and typology of regions have been defined in the work. One of the first authors that stressed the importance of geographical location was Michael Porter. In his model called “diamond“, the author emphasizes that geographical concentration of a business enhances the productivity, innovativity and sector export. After this theory, many authors have foccussed on the location problem research, which resulted in better interconnection of economy and geography. As the result of such activities, new directions have been developed, such as the new theory of economic geography and regional economy. New economic geography has been mentioned mostly in connection with the Nobel Prize winner, Paul Krugman, whose theories are often opposed to Porter's ones. Krugman had the most credit for the development of New Economic Geography. At the end of the work, the differences between comparative and competitive adventages were explained. [Projekat Ministarstva nauke Republike Srbije, br. 47007, br. 47009 i br. 179015

  4. World Economy at the Confluence between Globalization and Regionalization

    Costel Marian DIMA


    Full Text Available Due to the enlargement and deepening of connections in various spheres of influence of the economic, political, social and cultural life, the problems occurring in the process of globalization are rather global than national, their solving being carried out globally instead of nationally. Thus, in economic and financial terms, globalization contributes to strengthening and enlarging the connections among national economies in the global market of goods, services and capital. In the paper first part, it is presented the current situation of globalization and the need for development at regional level. In the second part, taking into account that the regionalization process varies from country to country, depending on the economic, social, political, demographic and ethnic situation, we showed an analysis of the European Union’s policy of development and cohesion. In the last part, we brought forward the current situation of European development policy, conclusions and views concerning the theme approached.

  5. The Role of Innovation in Fostering Competitiveness and Economic Growth: Evidence from Developing Economies

    Terzić Lejla


    Full Text Available This paper deals with the essential features determining the role of innovation in developing economies by examining the structure of innovation measures. The economic growth and competitiveness of developing economies are powerfully connected to its innovation status. The purpose of this paper is to examine the significance of innovation in driving economic growth per capita and competitiveness in selected developing economies. In order to determine the interconnection among the variables of innovation, competitiveness, and growth, assorted methodological measurement instruments have been applied. The data were collected from both primary and secondary sources. The results suggest the importance of specific innovation dimensions for prospective economic growth in developing economies. The identical measures responsible for fragile innovation are associated to the low composite measures of innovation accomplishment. This demonstrates the enormous disparity concentrated in every innovation aspect over time, specifically in innovation output and enterprise performances between the developing economies and the EU-28 average measures. The research results indicate the usage of appropriate economic instruments in diminishing the problems that developing economies are currently dealing with.

  6. Ireland – industrial competitiveness in a small open economy (NIRSA) Working Paper Series. No. 44

    Cassidy, John; Barry, Frank; Van Egeraat, Chris


    The Irish economy has boomed in recent years based on a strategy of attracting FDI, and has become a model economy particularly for EU accession countries. This chapter sets out to provide a deeper understanding of Ireland’s success in the context of Porter’s Diamond Model of national competitiveness. A number of analyses have been done in Ireland on the relevance of Porter’s Diamond theory to national competitiveness. O’Connell, van Egeraat and Enright (1997) adopted a Porter Diamond analysi...

  7. Competition and SMEs front informal economy - Case of Kosovo

    Afrim Loku; Naim Baftiu; Nadire Shehu Loku


    This study aims to raise a discussion in order to raise awareness of the population about understanding the problems that informality brings. In general, the study has the potential to not only affect economic development, but also to set up a socio-political agenda that will benefit the citizens of Kosovo. Informality is a globally widespread phenomenon, which has become a feature of developed and developing countries. Despite the global reach, and despite the adverse effects it has, informa...

  8. The Darwin Economy: Liberty, Competition, and the Common Good

    Robert Frank


    Who was the greater economist — Adam Smith or Charles Darwin? The question seems absurd. Darwin, after all, was a naturalist, not an economist. But Robert Frank, «The New York Times’» economics columnist and best-selling author of «The Economic Naturalist», predicts that within the next century Darwin will unseat Smith as the intellectual founder of economics. The reason, Frank argues, is that Darwin's understanding of competition describes economic reality far more accurately than Smith's. A...

  9. Americans Need Advanced Math to Stay Globally Competitive. Math Works

    Achieve, Inc., 2013


    No student who hopes to compete in today's rapidly evolving global economy and job market can afford to graduate from high school with weak mathematical skills, which include the ability to use logic, reason, and solve problems. The benefits associated with improving the math performance of American students also extend to the larger U.S. economy.…


    GHITA Simona


    Full Text Available Europe represents one of the most significant tourism destinations in the world, but, nowadays, it is more and more important the issue of adapting the tourism demand and supply to the need of sustainability. Information Technologies can help to increase the competitiveness of the tourism industry, creating a bridge between tourism supply and demand. According to the figures presented by the UNWTO, the growth rate of international tourist arrivals in 2013 compared to 2012 was of 5% (meaning 52 million international tourists arrivals, reaching 1,09 billion arrivals in 2013. The highest absolute growth was experienced by Europe (29 million arrivals in 2013, while the highest relative growth was registered in Asia and the Pacific (6%. The average international tourist receipt exceeded US$700 per person, while total tourists’ expenditures leveled more than $1,4 trillion. Tourism sector, including the related industries, contributed in 2013 by 9,5% to the total global Gross Domestic Product (GDP and created approximately 10% of the jobs worldwide. In Romania the ascending trend of tourists’ arrivals in accommodation establishments was interrupted by decreases in 2009 and 2010, due to the global economic-financial crisis. The indicator “Nights spent at tourist accommodation establishments by residents” experienced a similar evolution. Revenues from tourism and its contribution to GDP can be improved through the usage of information technology services. The present paper gives a possible answer to the following questions: can Information Society improve the competitiveness of European Sustainable Tourism Economy? Are there evidences of the impact of modern informational technologies on trends in sustainable tourism economy? In the analysis, the author used EUROSTAT data for European countries, 2000-2013 time-series. Statistical indicators used in the analysis are grouped by three areas of interest: Tourism Area (Arrivals of residents

  11. The Modeling of Competitive Positions of Enterprises of Real Sector of Economy in the Domestic Market

    Kutsyk Valentuna A.


    Full Text Available Topicality of rational choice of methodical instrumentaqrium in assessing competitive positions of enterprises is substantiated. A wide list of methodical approaches to assessment of competitive positions of enterprises in market environment is presented, and the spheres of their practical application, general disadvantages and advantages, are characterized. The characteristics of matrix models (GE/McKinsey, SHELL/DPM, PIMS, BCG are presented on a selective basis, so that, proceeding from a wide range of models, supported by the proper information provision, they can be assigned as the exact ones. Given the lack of information provision, disadvantages, and advantages of existing models and considering it as a means of system management, the authors have proposed to use the map of the «portfolio of competitive advantages» in the form of a nine-celled model matrix (3x3 with two-dimensional system of coordinates. The proposed model of «competitiveness / share of the national market» is an expression of competitive position of enterprises of the real sector of economy taking into consideration dynamic influence of factors of competitive environment and, at the same time, a methodical means for substantiation of competitive strategy. However, an important step in choosing the basic variant of competitive strategy for an enterprise in the real sector of economy is to determine the functional objectives to its efficient implementation.

  12. Setting the Stage: Global Competition in Higher Education

    Bagley, Sylvia S.; Portnoi, Laura M.


    In this chapter, the issue editors set the stage for the chapters that follow by delineating recent developments in higher education and common strategies for creating globally competitive higher education institutions. The editors consider social justice concerns that arise with global competition and contend that contextualized priorities can…

  13. The effective strategic leadership in the global competitive environment

    Miceski, Trajko


    This paper focuses on strategic leadership and its importance as a potential source of competitive advantage in today's era of globalization. Strategic leadership can be defined as ability to: influence without coercion, prediction, vision, maintaining flexibility, anticipation of positive change, mobilizing and effectuation of human resources and many other activities that allow the company to the forefront in the global competitive environment.

  14. Fiscal policy multipliers : The role of monopolistic competition, scale economies, and intertemporal substitution in labour supply

    Heijdra, BJ

    A dynamic macroeconomic model of monopolistic competition is developed for the closed economy. Forward looking consumers demand differentiated goods, supply labour, and save part of their income in the form of shares. Producers manufacture the differentiated goods by using labour and capital. We

  15. A pro-competitive order as an institute of the economy based on knowledge

    Rozhdestvenskaya Elena


    Full Text Available The modern theory of constitutional economy returns to the ideas of the founders of ordoliberalism, marks the function of the state as an institutional mechanism to promote and protect competition. The role of the state is the system subject of a pro-competitive order. The article analyzes the patterns of spontaneous transformation of government involvement in the market economy in the procompetitive order Institute as a condition of sustainable development of the economy based on knowledge. The research results are useful in the development of the theory of regulation of market processes and the formation of a strategic state policy in the field of economic regulation, in particular for Russia.


    Zeyneb GUELLIL


    Full Text Available The Global Economic Crisis and 2008 financial crisis, is considered by many economists the worst financial crisis since the Great Depression of the 1930s , The financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. It is a situation where macro indicator like economic growth rate fall in most countries across the world. “Although economists largely failed to predict this global economic seismic shock, they have since made up for their oversight by generating a large and growing literature explaining the crisis.” In this discussion paper explores what happened and what issues arise from the Global Financial Crisis on the global economy and the Algerian economic in particular.

  17. Competition and SMEs front informal economy - Case of Kosovo

    Afrim Loku


    Full Text Available This study aims to raise a discussion in order to raise awareness of the population about understanding the problems that informality brings. In general, the study has the potential to not only affect economic development, but also to set up a socio-political agenda that will benefit the citizens of Kosovo. Informality is a globally widespread phenomenon, which has become a feature of developed and developing countries. Despite the global reach, and despite the adverse effects it has, informality still remains the term that causes many disagreements, which are directly related to its definition, classification and measurement. This study aims to present the real picture of informality in Kosovo; The size, the determinants, and the economic consequences that this phenomenon may cause. In this study, informality is defined as a phenomenon that describes all the economic activities that are secretly developed by the state and which do not neglect the rule of the state. As such, it includes concepts such as tax evasion, informal employment and undersigning employee salaries.

  18. Social Justice and Lower Attainers in a Global Knowledge Economy

    Sally Tomlinson


    Full Text Available National governments believe that higher levels of educational attainments and training are necessary for successful competition in knowledge-driven economies and all young people are urged to invest in their own human capital and learn new skills. Moves towards inclusive education have brought into mainstream schools and colleges many who would formerly have been segregated in special schooling or otherwise given minimum education, joining those simply regarded as lower attainers. More research is needed on what is happening to all these young people who do not do well in competitive education systems and uncertain job markets. This article is taken from a study which set out to discuss with school and college principals, local administrators, teachers and others, who they regard as lower attainers, what sort of education and training programmes are offered to the students, and what policies they think are in place to help young people into work or independent living. Discussions were held with respondents in England, Germany, the USA, Finland and Malta. The article takes Rawls' view that social injustice is mainly due to the inequitable distribution of economic and social resources and the State has a responsibility to ensure that all young people can participate in the economy and the society.

  19. The evolution of enterprises in the global network competition

    Borghoff,Thomas; Welge,Martin K.


    The globalization of a company is embedded in the globalization of its task environment. This process can be described as a co-evolutionary process of a social system in its environment. A historical view of the globalization of competition seems to prove that it can be interpreted as an evolutionary process of differentiation and integration that is reinforced by the decreasing rigidity of boundaries. A liquefaction of competition" can be observed, in which an increasing number of autonomous...

  20. Global Trends of "Green" Economy Development as a Factor for Improvement of Economical and Social Prosperity

    Egorova, Mariya Sergeevna; Pluzhnik, Marina Vladimirovna; Glik, P.


    The article covers main reasons of emerging a new type of economy, the "green" economy. The aims and objectives of developing green economy were analyzed. The significance of an economy reform carried out on both national and global levels was evaluated. We analyzed both speed and level of the green economy development in the world and in the most developed countries of the world. An influence of institutional and investment factors on the process of greening economy was studied. The authors ...


    Popa Ioan


    Full Text Available The educational system is one of the important factors in creating and developing the competitive forces of a country. The higher education provides the socio-economic environment with two basic services: teaching and research. The duality marks an entire history for higher education, but nowadays a new dilemma has emerged: economic efficiency (the university as an economic provider of services versus academic competitiveness (the university as a research forum. In addition, a new challenge seems to be altering the future of higher education, these stemming from the massive increase in the demand for university teaching services: elite higher education, thus efficient, highly competitive academically (competitiveness, or mass higher education, adapted to the demand, with the primary role of harnessing knowledge though professional training (effectiveness.




    Full Text Available In this paper, we analyze the effect of globalization in general and from the viewpoint of the small and medium sized companies in the Republic of Macedonia, as a typical developing economy. Our survey of 100 managers and business owners from small and medium sized enterprises indicates that they tend to perceive the globalization with more conservative glasses as negative, or at the best, as a neutral phenomenon to their overall business prospects. However, to harvest the apparent opportunities of the globalization and to achieve the desired internationalization of their businesses, they call for intensive regional cooperation seeing it as a gateway to much harsher realms of the globalized market. The literature review and the examples from some other countries support these conservative standing of our managers and offer practical explanations why the approach towards the globalization is conservative and often even negative. Small business is important provider of new jobs, ideas and business concepts. However, with the opening of the global market it is a constant pursue for customers all around the world, having to meet their diverse and rapidly changing needs and facing extremely shortened delivery terms and product lifecycles. Many small companies, particularly from the developing countries are not adequately prepared to face the reality of this challenge. On the other hand, the big multinational companies receive more than hefty incentives to invest into the developing countries and that creates additional negative sentiments towards the globalization among the local companies.

  3. Entrepreneurship: Entrepreneurs to Win Their Sustainable Competitive Advantages within Globalization Era

    Lenny Gunawan


    Full Text Available The purpose of this paper is to discuss globalization’s impacts on the world’s financial characteristics today. The findings inform that globalization promotes entrepreneurship because through globalization, financial markets have grown to be more efficient and flexible which can be seen through lower transaction costs, less binding financial regulations than before, less governments’ intervention within private sector and national economy structures, increasing number of market participants which leads to more access to information. Thus, globalization does create a better environment for entrepreneurs in achieving their competitive advantages and further to sustain them. This research was done by collecting data from papers, journals, modules, and internet databases. The data was analyzed and then concluded. Having applied the analytical process, it can be concluded that globalization does promotes entrepreneurship because it enables entrepreneurs to gain greater benefits at a certain degree of freedom than before in order to achieve and maintain their competitive advantages.

  4. Marketing Needed to Make Universities Globally Competitive

    Naik, B. M.


    The article aims at improving the quality of higher and technical education in India to world class standard. Institutions in knowledge economy are reckoned to be the drivers of development. Indian institutions are making efforts, investing money, appointing professors, students are studying hard but due to the lack of marketing strategy, their…

  5. Competition and Consumer Behavior in the Context of the Digital Economy

    Elena-Mădălina Vătămănescu


    Full Text Available The current paper aims to investigate the relation between competition and online purchasing decision-making, integrating consumer protection awareness and the corresponding consumer behavior as mediators. The focus is on both subjective and objective measures related to the level of consumer awareness and action in a fast-growing competition, potentiated by the digital economy. In order to investigate the relations between the aforementioned concepts, a questionnaire-based survey was conducted, using a sample of 257 students from three top Romanian universities. Based upon the theoretical directions presented in the literature review, a conceptual model was elaborated and tested by employing a partial least squares structural equation modeling technique. As the examination of the structural model indicated, online purchasing decision-making is indirectly influenced by the high competition in the digital economy, by means of consumer protection awareness and consumer protection behavior. At this level, the analyzed factors, namely the competition in the digital economy, the consumer protection awareness and the consumer behavior with respect to the consumer protection policies, explain over 16% in the variance of the online purchasing decision-making.

  6. Undergraduate business students' attitudes towards CSR and competitiveness of Serbian economy

    Ćoćkalo Dragan


    Full Text Available This paper presents the findings of the research dealing with the importance of corporate social responsibility (CSR and its connections with competitiveness. The authors deal with competitiveness of enterprises, as well as activities that promote socially responsible business in Serbia. Special attention is given to the review and analysis of research results of Serbian undergraduate business students' attitudes on CSR and competitiveness. In a five-year- period the research included over 3,300 examinees. The population was built on students from universities and business schools located in total 22 cities and municipalities in Serbia. The research was conducted using questionnaire. Among other, the research has shown that a number of examinees were not informed of the CSR. Students experience the Serbian economy as uncompetitive and have identified several factors that are lacking in the development of competitiveness.

  7. Globalism and Corporate Identity in the Post-crisis Economy

    Diana Andreia HRISTACHE


    Full Text Available The globalism of the post-crisis economy accentuates more and more the present risk and uncertainty condition. The normal corporate reactions in this situation can only arise starting from an “exploration” and understanding of the turbulence and chaos that manifest themselves increasingly clearly nowadays. The shift of the business environment towards what we could designate by the syntagm “the new normality” cannot marginalize the “communicational paradigm”. The latter is called to support the corporate identity and to assure the necessary framework for the construction of certain business scenarios and strategies meant to make the most of the capabilities of the modern organization.

  8. The Role of Special Operations Forces in Global Competition


    adversary to achieve its objectives. 10 Gray Zone and competition short of armed conflict The concept of a gray area between peace and war...and distract, or a prolific arsonist in a region may achieve all of the escalatory objectives. Summary of actions: global competition options today. COMPETITION CONTROL/ ADVANTAGE U.S. NEAR PEER STATES ASPIRING STATES NON-STATE ACTORS D DOD NORTHCOM SOUTHCOM EUCOM AFRICOM CENTCOM

  9. Impact of Globalization in Kosovo’s Economy

    MSc. Nexhat Shkodra


    Full Text Available The economy in Kosovo continues to generate macroeconomic growth and solid stability, especially in fiscal and financial terms. Despite the increasing risks from the external sector, Kosovo’s economy has marked positive growth rates in 2012 also. Nevertheless, being an open economy, it has not been spared of the effects of the crisis faced direly by some of the most developed countries, and especially those in the Eurozone, which have shrinked the growth rate in comparison to previous years, despite it being positive. These risks mainly are reflected into the adverse impacts of the crisis on external demand for Kosovo products (along with an already low export rate, and by a lighter impact on migrant remittances, and a stronger impact on foreign direct investment. The decline in remittances has been smaller than forecasted, mainly because migration in Kosovo is of longer term in nature, and 70% of our migrants possess foreign citizenships. The banking sector has remained solid, with private sector deposits and loans continuing to increase in 2009 and 2010. There is still evidence though, that banks have become more prudent in extending loans, mainly due to the fact that bad loans are increasing at a slow pace. Adverse impacts of the global financial crisis have been compensated by an expansionist fiscal policy adopted by the Government, thereby ensuring medium growth rates.

  10. The dynamics of the global competitiveness of Chinese industries

    Zhang, J.; Ebbers, H.; van Witteloostuijn, A.


    Using a two-dimensional multi-variable approach, this article investigates the competitiveness and dynamics of Chinese industries from the perspective of the international marketplace. The study reveals the step-by-step transformation of the degree of global competitiveness across 97 Chinese

  11. Competition, the Global Crisis, and Alternatives to Neoliberal Capitalism

    Wigger, Angela; Buch-Hansen, Hubert


    regulation and other regulatory provisions, excessive competition (over-competition) in the process of capital accumulation has become a major global force with highly detrimental social and environmental downsides. From the vantage point of a historical materialist perspective, the article provides...

  12. Meat export competitiveness of European Union countries on global markets

    Štefan Bojnec


    Full Text Available The purpose of this research is to provide insight into the export competitiveness of meat products of the European Union (EU-27 member states on global markets. The revealed comparative advantage index is used to analyze the levels, compositions, and evolutions in patterns of development in the export competitiveness of meat products and their levels of stability at the product level. Except for some niche meat products, a larger number of the EU-27 member states have experienced comparative disadvantages on global markets over the analysed years of 2000 to 2011. The revealed comparative advantages on the global markets are the most robust for Ireland, Spain, the Netherlands, France, Belgium, Denmark, Poland, Cyprus and Hungary. The revealed comparative advantage indices and their survival rates differ across the meat product groups. The heterogeneity in export competitiveness of the EU-27 member states suggests the importance of the differentiation of meat products in competitive export specialization on global markets.

  13. Neoliberalism, Urbanism and the Education Economy: Producing Hyderabad as a "Global City"

    Kamat, Sangeeta


    This paper examines the emergence of Hyderabad as a hub of the global information technology economy, and in particular, the role of higher education in Hyderabad's transformation as the labor market for the new economy. The extensive network of professional education institutions that service the global economy illustrates the ways in which…

  14. Building Global Competitiveness through Information Security ...

    This paper highlights the relevance of building competitiveness in innovations and technology to improve the quality of life of the Nigeria, and indeed, the African citizens. Discussing new opportunities that could emerge daily from and the adoption of new ideas, it posits that the quest for overall national prosperity would ...


    Adriana Grigorescu


    Full Text Available Sustainable development requires a fundamental change in lifestyle. A fully break detachment by the past requires a major reorientation of public and private behavior and mentality. The challenge lies in linking economic growth with social issues and positioning the environmental degradation. The process of globalization is connected also with environmental degradation, which is now extended as a concept of threat and security, considered individually and in connection. It has already started recognizing new global threats as well as from non -state groups and individuals. The security is being defined to include, among others, the wars between and within states, international organizations of organized crime, nuclear weapons development, poverty, viral diseases, climatic events and environmental degradation. The concerns about the global market and the global environment protection will become more related, through their mutual dependency. The relationship of global economy and environment, from a market perspective, means stimulating economic growth, a process that generates higher revenues, funds and wealth, on one hand and political will to improve environmental conservation and protection, on the other hand. But it could be seen that the developed countries have made the greatest progress in environmental protection, and even so the poor quality of the environment continues to deteriorate. In this context it is important to consider the opinion of experts on the interaction between globalization and sustainable development. The paper aims to present the views of experts from the Regional Agency for Environmental Protection (South Muntenia. The study is an empirical research based on a questionnaire applied to a sample of over 300 subjects. The research aims to set out the existence of the link between sustainable development and globalization, to identify the main advantages and disadvantages of globalization and to prioritize the main

  16. Entrepreneurial Competition Orientation and Profitability: The Case of a Developing Economy

    Marjanova, Tamara Jovanov; Sofijanova, Elenica; Davcev, Ljupco; Temjanovski, Riste


    The main purpose of this paper is to verify the significance of the implementation of competition orientation (CO) as a part of market orientation for the financial performance of the entrepreneurial small and medium – sized companies in a developing economy. The objectives are: 1. To measure the level of each of the variables of the scale (CO 1: The management continuously analyses the strengths and weaknesses of the competitors; CO 2: We regularly use information about our competitors in st...

  17. Competitiveness of Workplaces as a Prerequisite for Decent Work: Realities of the Ukrainian Economy

    Herasymenko Oksana O.


    Full Text Available The aim of the article is the theoretical and applied substantiation of competitiveness of workplaces as a defining feature and component for provision of decent work. The author’s interpretation of the concept “competitiveness of workplaces” and signs of its manifestation in different aspects of social and labor relations are given. Suggestions for improving the methodological structure of the certification of workplaces in the context of determining the components of their competitiveness are outlined. The necessity of implementing a number of measures to create new high-tech workplaces and modernize the existing ones with the aim of bringing their level to the competitive one is justified. The results of analyzing individual indicators of competitiveness of workplaces in the economy of Ukraine for 2006-2015 are presented. It is proved that under conditions of the entry of Ukraine into the European space, the dominant factor in increasing the competitiveness of workplaces is the modernization of the existing ones and bringing them to the level of high-tech and high-performance ones. It is noted that the theoretical and methodological basis for assessing the level of competitiveness of workplaces and determining the directions for its improvement is formed by the concept of decent work and the indicators of decent work deficit that are singled out on its basis.

  18. Universities in the global knowledge economy: the eclectic paradigm

    Denys Ilnytskyy


    Full Text Available As institutions of knowledge generation and diffusion, in the course of their activities universities should take into account not only the level of an organization or a country but also that of individual knowledge transformation, whereby creating favorable conditions for developing creativity of both graduates and academic staff who form the basis of the intellectual capital of the university and the country. While functioning in the global competitive climate, the national intellectual capital is a factor of socio-economic development and international competitive status of individual countries. During decades the concept of university has been evolving toward determining the operation mode of a university as that of an institution providing mass education, carrying out fundamental and applied researches as well as largely participating in local, national and global development. However, the university operation paradigm remains eclectic. Equal relationships between universities, government and industry in a knowledge-based society are well-defined by the concept of triple helix innovation systems engaging NGOs. World-class universities tend ever more to incorporate the feature of an entrepreneurial university actively competing in the global academic domain.

  19. The global energy industry: is competition among suppliers ensured?

    Regibeau, P.


    Over the last 15 years, many factors have affected the effective degree of competition in coal, electricity, gas and oil. This paper concentrates on the effects of globalization, regulatory reform, privatization and inter-fuel mergers. While demand side globalization has led to increased competition, greater supply side globalization might lead to more collusive behaviour in sectors such as coal and electricity. Regulatory reform has helped foster competition in the US gas market and in several electricity markets. Still, regulators have imposed insufficient vertical separation and the regulation of international electricity transmission remains problematic. Privatization is very useful in enforcing initial changes in industry structure. Inter-fuel mergers might entail efficiency gains but they also raise significant issues for competition policy authorities. (orig.)


    Girneata Adriana


    Full Text Available The aim of the paper is to analyze the competitiveness of the European textile and clothing industry under the influence of globalization and recent economic crisis. The textile and clothing industry is an important part of the European manufacturing industry, playing a vital role in the economy and social welfare in many regions of Europe. The European textile and clothing industry has undergone significant changes in recent decades due to the technological advances, developments in production costs, the emergence major international competitors and the elimination import quotas after 2005. In response to the competitive challenges, this sector of activity has undertaken a lengthy process of restructuring and modernization. Globalization and technological progress have led to rethinking the strategy of the companies in the industry. In a competitive global market, European organizations producing textiles and garments have as main competitive advantage research and continuous innovation. Using methods of qualitative research, this paper analyses the evolution of the main financial indicators concerning this sector of activity in the period 2007 – 2013, including domestic consumption, turnover, number of employees, number of companies, imports and exports. The globalization of markets, international outsourcing and development of the Internet had a major impact on the structure and dynamics of the textile and clothing industry in Europe, and in particular on small and medium enterprises. Also, relocation, subcontracting and outsourcing of large brands in this domain have contributed significantly to the increase of imports from low-cost countries. A growing number of apparel retailers have emerged on the market, organizing supply chains globally. At the same time, producers have transferred part of their activities to low-cost countries in order to maintain market competitiveness. This was determined by the major differences in salaries across


    Berinde Mihai


    Full Text Available This paper has as main objective to emphasize the importance of a permanent control activity on the economic concentration operations. In order to assure an appropriate choice as concern the economic concentration to be submitted at the assessment procedure each country has its competence to establish its turnover ceilings opening the procedure in accordance with the priorities of its own economic policy. As a final conclusion, we stress that economic concentration assessment and competition policy as a whole are very dynamic activities asking permanent legal and procedural adjustments in order to take appropriately into account economic interests of the country as well as the evolutions registered on regional and global level. This approach is the most valid in the case of Romania taking into account its recent accession to the European Union and its more and more important involvement in the regional and global cooperation.

  2. Competition and stability analyses among emissions, energy, and economy: Application for Mexico

    Pao, Hsiao-Tien; Fu, Hsin-Chia


    In view of limited natural resources on Earth, linkage among environment, energy, and economy (3Es) becomes important perspectives for sustainable development. This paper proposes to use Lotka–Volterra model for SUstainable Development (LV-SUD) to analyse the interspecific interactions, equilibria and their stabilities among emissions, different types of energy consumption (renewable, nuclear, and fossil fuel), and real GDP, the main factors of 3Es issues. Modelling these interactions provides a useful multivariate framework for prediction outcomes. Interaction between 3Es, namely competition, symbiosis, or predation, plays an important role in policy development to achieve a balanced use of energy resources and to strengthen the green economy. Applying LV-SUD in Mexico, an emerging markets country, analysing results show that there is a mutualism between fossil fuel consumption and GDP; prey-predator relationships that fossil fuel and GDP enhance the growth of emissions, but emissions inhibit the growth of the others; and commensalisms that GDP benefits from nuclear power, and renewable power benefits from fossil fuel. It is suggested that national energy policies should remain committed to decoupling the relevance between non-clean energy and GDP, to actively developing clean energy and thereby to properly reducing fossil fuel consumption and emissions without harming economic growth. - Highlights: • LV-SUD is used to analyse the competition between environment-energy-economy (3Es). • The competitions between renewable, nuclear, and fossil energy are analysed. • Competition between 3Es plays an important role in policy development. • LV-SUD provides a useful multivariate framework for prediction outcomes. • An application for emerging markets countries such as Mexico is presented

  3. The Economic Crisis and Several Effects on Global Economy

    Florina BRAN


    Full Text Available The main mechanism of profit making is not production according to the outcomes of several analyses of the current economic crisis. This mechanism is circulation and exchange. Starting with this observation the paper goes through a number of aspects regarding the relation between crisis and economy at global level. These aspects consist in the recent financial turmoil; who pays for the crisis; stabilizing the financial sector; recession and the financial crisis; the internationalization of the crisis; commodities and the ecological crisis; an end to neo-liberalism; what should socialists demand. We notice and comment on how important current development in the wake of the banking crisis is for the transmission of that crisis to the rest of the economy and its interaction with the more general economic crisis now emerging. It was concluded that there are good chances that the current economic order to be broken. The future shape of the order will depend more on vision of managers than on the influence of the so called objective factors.

  4. Global competition and the labour market

    Driffield, Nigel


    This study combines an industry level and a firm level analysis on the wage and employment effects of multinational companies. This has not been attempted in any previous work. In view of the results, important questions are raised regarding how global changes in the structure of production may affect labour markets and the organisation of work in the future.

  5. The impact of economic globalization on the shadow economy in Egypt

    Farzanegan, Mohammad Reza; Hassan, Mai


    This study examines the economic globalization and the shadow economy nexus in Egypt. Using time series data from 1976 to 2013, the impulse response analysis shows that the response of the shadow economy in Egypt to positive shocks in economic globalization is negative and statistically significant for the first three years following the shock. This finding is obtained by controlling for several intermediary channels in globalization-shadow economy nexus such as education, government spending...

  6. Competitive dynamics of energy, environment, and economy in the U.S

    Pao, Hsiao-Tien; Chen, Haipeng; Li, Yi-Ying


    This paper applies the Lotka–Volterra model to investigate the competitive interactions among energy, environment, and economy (3Es) in the U.S. The proposed LV-COMSUD (Lotka–Volterra COmpetition Model for SUstainable Development) has satisfactory performance for model fitting and provides a useful multivariate framework to predict outcomes concerning these interactions. Our key findings include a pure competition between emissions and GDP (Gross Domestic Product), neutralisms between renewable and fossil/nuclear energy, and commensalisms between GDP and renewable/fossil energy and between nuclear energy and fossil energy/emissions. These results indicate that renewable/fossil energy use contributes to GDP and interacts indirectly with emissions, that an environmental Kuznets curve exists, and that the amount of produced nuclear energy correlates with emission. The U.S. is dependent on non-clean energy sources and its energy efficiency has room for improvement. The results provide unique insights for policy makers to craft up sustainable economic development plans. Overall, it is suggested that for developed markets such as the U.S., to enhance energy security and mitigate climate changes, improving energy efficiency and developing low-carbon clean energy should be top priorities. - Highlights: • The competitive interactions among energy, environment, and economy are examined. • A pure competition between emissions and GDP exists and an EKC exists. • Energy use contributes to GDP and interacts indirectly with emissions. • Nuclear energy was used to tackle the growth of emissions/fossil energy use. • Improved energy efficiency is a viable policy to enhance energy security in U.S

  7. Meat export competitiveness of European Union countries on global markets

    Štefan Bojnec; Imre Fertő


    The purpose of this research is to provide insight into the export competitiveness of meat products of the European Union (EU-27) member states on global markets. The revealed comparative advantage index is used to analyze the levels, compositions, and evolutions in patterns of development in the export competitiveness of meat products and their levels of stability at the product level. Except for some niche meat products, a larger number of the EU-27 member states have experienced comparativ...

  8. Economy of distrust (the institute of trust and its role in the regional competitiveness

    Nadezhda Yakovlevna Kalyuzhnova


    Full Text Available The study is dedicated to the role of social capital in ensuring the competitiveness of the social and economic systems. The indicator of interpersonal trust is used as the important indicator of social capital. Trust and distrust are considered in the article as separate categories, the distrust and its role in the economic component of life in the regions and countries are considered. The theoretical provisions revealing the mechanisms of distrust influence on the economy and the competitiveness of economies are given. The article statistically examines the link of indicators of trust and distrust on the level of countries and Russian regions and the competitiveness of countries and Russian regions. The assessment of parameters of interpersonal trust / distrust at the level of regions of the Russian Federation and the country in general on the basis of the Public Opinion Foundation are provided. The calculations of the correlation between the scores of countries’ competitiveness and credibility of the countries on the basis of survey data from the European Social Survey (ESS, as well as the data of the World Economic Forum on the competitiveness of countries in 2008 and 2010 are also provided. Our empirical study confirmed the link between the low level of interpersonal trust and competitiveness of the Russian economy in general, and the state of the country’s institutions. At the same time, we fail to confirm the link between the indicators of interpersonal trust across regions and economic indicators. This may serve as a confirmation of the fact that regional communities have virtually no effect on the behavior and economic decisions of persons taking decisions in the regions. This can be explained by the lack of relationship between trust to the elites making decisions and their position due to the lack of selectivity of the first persons of regions and mechanisms of the real impact of the population on economic decision-making, as

  9. Open Education and the Creative Economy: Global Perspectives and Comparative Analysis

    Liu, Tze-Chang


    This dissertation is to deal the issues of open education, creative economies, higher education. It also compares the performances in these aspects among different countries. The conception of the "creative economy" develops within the context of "global neoliberalism" and "knowledge economy." These three notions are…

  10. An overview of energy consumption of the globalized world economy

    Chen, Z.M.; Chen, G.Q.


    For the globalized world economy with intensive international trade, an overview of energy consumption is presented by an embodied energy analysis to track both direct and indirect energy uses based on a systems input-output simulation. In 2004, the total amounts of energy embodied in household consumption, government consumption, and investment are 7749, 874, and 2009 Mtoe (million tons of oil equivalent), respectively. The United States is shown as the world's biggest embodied energy importer (683 Mtoe) and embodied energy surplus receiver (290 Mtoe), in contrast to China as the biggest exporter (662 Mtoe) and deficit receiver (274 Mtoe). Energy embodied in consumption per capita varies from 0.05 (Uganda) to 19.54 toe (Rest of North America). Based on a forecast for 2005-2035, China is to replace the United States as the world's leading embodied energy consumer in 2027, when its per capita energy consumption will be one quarter of that of the United States. - Highlights: → We present an overview of global energy profile in terms of embodied energy. → The US and China are top embodied energy consumers as well as traders in 2004. → Equality issue is studied by analyzing per capita embodied energy consumption. → The US remains to be the leading energy consumer until replaced by China in 2027.

  11. Production structure and international competition position of the German environmental protection economy; Produktionsstruktur und internationale Wettbewerbsposition der deutschen Umweltschutzwirtschaft

    Legler, Harald; Schasse, Ulrich [Niedersaechsisches Institut fuer Wirtschaftsforschung e.V., Hannover (Germany)


    There exists a connection between the economic structural orientation and international competitiveness on the one hand as well as the environmental political requirements on the other hand. The environmental protection economy fits quite well the profile that Germany is demanded in the international change. Under this aspect, the authors of the contribution under consideration report on the production structure and on the international competition position of the German environmental protection economy. The authors report on (a) the production structure and production dynamics of the environmental protection industry; (b) German environmental protection economy in the international comparison; (c) Goods, building works and services for environmental protection in Germany.

  12. Dynamic International Competitiveness of Transition Economies. What do trade figures tell us? The case of Poland

    Nielsen, Jørgen Ulff-Møller

    This paper shows that the reform on the structures of the Polish economy has had an impressively fast effect on the numbers of different products this country exports to Western countries. The time path may well be described by a logistic curve. The change in the exports of this country may...... therefore be characterised by a widening, instead of a deepening in specialisation. The paper introduces a new empirical methodology to evaluate the dynamic changes in export activities of a country. The result of this new methodology is that quality competition is becoming increasingly important for Poland...

  13. Discussion and Conclusion: A Global Perspective on the World Economy.

    Hague, Douglas


    Important changes are taking place in the world economy which are not adequately dealt with by either Keynesian or monetarist theories. Too much emphasis placed on what is happening in the American and western European economies can blind us to important developments in such nonwestern economies as the OPEC nations. (IS)

  14. Competitiveness of the economy and the crisis of the European Monetary Union

    Grbić Vladimir


    Full Text Available The crisis in the European Monetary Union revealed the internal weaknesses of its functioning. The evolution of the EMU was not accompanied by appropriate structural transformations. The prerequisite for optimal currency area on its endogenous character is not sufficiently confirmed. It was found that the competitiveness of the euro area economy worsened compared to the relevant competitors in the world. A uniform operation of the single currency has contributed to the deepening of the differences in competitiveness among members. In the longer term, the current recession has slowed the development of the EMU and raises the question of its survival. In front of the EMU's members is a long road of the structural adjustments. In order to adapt to the European crisis adequately, Serbian finance highly dependent on euro must choose an appropriate exchange rate regime.

  15. Global Supply-Chain Strategy And Global Competitiveness

    Asghar Sabbaghi; Navid Sabbaghi


    The purpose of this study is to provide an analysis of global supply chain in a broader context that encompasses not only the producing company, but suppliers and customers.The theme of this study is to identify global sourcing and selling options, to enhance customer service and value added, to optimize inventory performance, to reduce total delivered costs and lead times, to achieve lower break-even costs, and to improve operational flexibility, customization and partner relations. In this ...




    Full Text Available The human-geographic regionalization is a landmark in the demarcation of territories that include populations of the same demographic, cultural or economic background. A defining boundary for human characteristics across the planet can be made simple, between the North and the South. The north, though advanced economically, militarily, technologically, united, well-urbanized and landscaped, dominates the world for just 500 years before the South was in power. After a long period of stagnation, the South escapes the colonialist chains until the 1950s, after which begins a vast process of revival in which emerging new powers are emerging as well as a series of economic unions that can rival with the old powers in the North. Analyzing the number of inhabitants in the two regions, it is noted that demographic size is a priority in the slope of the power balance, so when one of the regions exceeded 50% of the total population of the Globe, it attracted wealth by exporting populations and culture that colonized the other half. After 1950, the South holds for the first time 400 years, over 50% of the total population, and in 2017 it reaches 62%, reaching 71% in 2050 and 81% of the world's population by 2100. understands that the economic difficulties in the North, financial crises, the limitation of global influence or the issue of immigrants is only at the beginning, and the transformation of the North into the southern vassal is just a matter of time.


    Kružić, Dejan


    Abstract The paper investigates the process of re actualization of the role of entrepreneurship in global economy. Under the influence of global economy changes, the position of the entrepreneurship has been drastically altered –the entrepreneurship is increasingly seen as a generator of the economic growth. The exhaustion of most of the types of the economic and social protection, which were ensured in the economies of prosperity countries, indicates the fact that the era of looking for n...

  18. Teaching Children about the Global Economy: Integrating Inquiry with Human Rights

    McCall, Ava L.


    Although children are already part of the global economy, they often have little understanding of its influence without explicit instruction. The article focuses on recommendations for teaching elementary students in grades three through five about the global economy utilizing the pedagogical recommendations from the National Council for the…

  19. Strategic Enterprise Resource Planning for Global Supply Chain Competitiveness

    Nageswararao, A. V.; Sahu, Dasarathi; Mohan, V. Krishna


    Strategic Enterprise Resource planning (SERP) systems are networked and integrated information mechanisms which are developed to achieve competitive advantage for organizations operating in global scale. It plays a vital role in Integrating various stake holders and channel partners involved in day to day operations. In the present Globalized…

  20. 2. Industrial countries: Promoting sustainable growth in a global economy

    Hammond, A.; MacKenzie, J.


    The chapter discusses the following topics: dimensions of sustainable development; energy resources (energy transitions, energy efficiency, renewable energy resources, economic and regulatory policies); agricultural and forest resources (effects of present policies, unsustainable practices, needed policy reform); waste, pollution, and sustainable technologies (cleanup strategies, more efficient manufacturing, emerging technologies); and a global context. It is concluded that the US could markedly improve its efficiency in using energy and other natural resources and, at the same time, reduce local and regional pollution, avoid waste, and lower its contribution to the threat of global warming. With appropriate, market-based policies, these steps need not carry heavy economic penalties and could indeed improve the country's economic competitiveness. To a large degree, similar steps could be taken, with equal benefit, in other OECD countries. Many promising new technologies exist that are both more efficient and more sustainable. The US and other OECD countries will need to move toward such technologies, and toward policies that encourage their development and use, to improve not only their own destinies but also those of other countries

  1. The deregulated global economy: women workers and strategies of resistance.

    Hale, A


    This article discusses the lack of input from women in international debates about the global economy. Women in the South are the most vulnerable to exploitation and most ignored in international discussions of how to protect fair labor standards. Restructuring has led to loss of secure jobs in the public sector and the expansion of female employment in low-paid, insecure, unskilled jobs. Businesses desire a cheap and flexible workforce. Declines in social services, the elimination of subsidies on basic goods, and the introduction of user fees puts pressure on women to supplement family income. A parallel outcome is reduced employment rights, neglect of health and safety standards, and increased disregard among women for their domestic responsibilities. There is a need for alternative models of development. The Self-Employed Women's Organization in India serves as a model for resisting exploitation among self-employed and home-based employees. Female industrial strikers are demanding attention to excessive hours of work, enforced overtime, bullying, and lack of sanitary and medical facilities. There is always fear that organized resistance will lead to industrial relocation or loss of jobs. The International Labor Organization has had a code for 20 years, but the threat of exposure to the press is sometimes more effective. There must be regulation throughout subcontracting chains of transnational companies. International alliances should revolve around issues/strategies identified by workers. International alliances are needed for influencing multinational companies and national governments and lobbying global economic and financial institutions. Standards that are included in social clause discussions are minimum requirements that do not address gender-specific issues. Women Working Worldwide is developing a position statement of social clauses that incorporates a women's perspective.

  2. The Complexity of the Implications of Globalization in the Context of the Current Global Economy

    Raluca Ionela CREŢOIU


    Full Text Available Globalization represents a controversial phenomenon both because of its complexity and because of the various implications it has on the global economy. Globalization will act simultaneously on many levels, its effects being correlated with the diversity of the angles from which this phenomenon can be approached from – economic, social, politic, cultural, philosophic etc. The article represents an incursion into the issue regarding the implications and effects of globalization grouped in several areas of analysis such as the disappearance of borders, the effects on culture, the effects on the education, the impact on labour market impact and the phenomenon of immigration, the effects of globalization in the context of the food crisis underdevelopment and poverty. To complete the analysis that points out enough elements considered to be negative, at the end of the article, there are also approached the development opportunities that globalization can offer in terms of boosting the economic exchanges, the exchange of genuine cultural values and ensuring a transfer of information at a global scale, so necessary for the scientific and technological progress.  The conclusions of the article weighs the many aspects highlighted, both negative and positive, and suggests a series of useful research directions in order to fathom the complex features of this concept so controversial – globalization.

  3. Concentration and Competition in the Global Meat Market

    Bocharova Yuliia G.


    Full Text Available The article is aimed at analyzing the condition, development specifics, concentration and competition in the global meat market. Both significance and role of meat in providing the food security has been substantiated. An analysis of the dynamics and structure (both geographical and commodity of production volumes, consumption, exports and imports of meat has been conducted. The major producers, consumers, exporters and importers of meat in the context of globalization have been identified. The country-based features, patterns of consumption and imports of meat have been characterized. On the basis of calculated five indicators of concentration (coefficient of concentration, the Herfindahl-Hirschman index, coefficient of relative concentration, dispersion of logarithms of market shares, index of the maximum share the features of competition in the global market of producers and consumers of meat have been determined.

  4. Commercialization of Intellectual Property Objects in Nanoindustry as a Factor of Increasing the Competitiveness of the Russian Economy

    Maksim Alekseevich Manyakin


    Full Text Available Formation and development of the sixth technological mode in the global economy leads to the search for new ways to enhance the competitiveness of products both on the domestic and on the world market. Commercialization of intellectual property (IP objects, created in the field of nanotechnology, can be a significant factor in ensuring the competitiveness of the country. The article gives the notion of nanoindustry IP objects’ commercialization as an economic category. The specificity of this process, which takes into account research intensity, capital intensity and interdisciplinary essence of nanotechnology, is disclosed. The basic problems of the IP objects’ commercialization in Russian nanotechnology sphere, as well as the conditions that ensure the effectiveness of this process are characterized. On the basis of analysis of foreign experience in the IP objects’ commercialization in nanoindustry five models of mechanisms managing this process, depending on the role of the state, have been identified. The necessity of reorientation of Russian model of nanoindustry development from a predominant state to the private one in conditions of the budget financing deficit is substantiated. Main directions of improving the process of commercialization of the IP objects created in the field of nanotechnology in Russia are identified.

  5. Competitiveness of small-medium reactors. A probabilistic study on the economy of scale factor

    Trianni, A.; Locatelli, G.; Trucco, P.


    Smaller size reactors are able to play an important role in the worldwide nuclear renaissance. The major disadvantage of those new reactors - the unit size - would label the small-medium size reactors as not economically competitive with larger plants. But, the economy of scale law applies only if the designs are similar, which is not the case here, since the SMRs are designed with original and innovative solutions not accessible to large size reactors: the IRIS reactor is used as an example of small medium reactors (SMR), but the analyses and conclusions are applicable to the whole spectrum of SMRs. The aim of this paper is to present latest advances in the differential economical assessment of Generation Cost of SMRs compared to LRs. The international literature has started to present studies focused on the two major differential accounts of Levelized Unit Electricity Cost - Captial Costs ($/kWe) and Operation and Maintenance Costs ($/kWh) - providing deterministic values for the main cost drivers (i.e. economy of scale, multiple units, learning during construction, design characteristics and modular build, shorter construction time for CC, economy of scale location of the plant, number of units, capacity factor, learning by doing, plant obsolescence for O and M costs). Since the modern SMR market is in the early stages of development, it is necessary to consider also the uncertainties associated to current estimates of those cost drivers. When available, the uncertainty has been integrated in the Open Model assigning a probabilistic distribution to the input value of each cost driver. As Far as other cost drivers are concerned, parametric analyses are still under development and uncertainty analyses are not available: thus, conservative but realistic values for both of them have been assumed. Some reasonable future scenarios have been assumed, considering the private operator perspective for a single plant investment and postulating, among the others

  6. Weberian versus Pluralistic Legal Forces in the Global Political Economy

    Volkmar Gessner


    Full Text Available This picture supports a view that modernization processes lead naturally to legal structures similar to what can be observed in Western societies and that also global structures will emerge on the same model. Together with modernization theory another prominent theory often alluded to as justification for legalization is Institutional Economics where rules and institutions are considered mechanisms for effective transaction costs avoidance. My earlier publications compare these and other approaches for explaining the role of law in the economy. A third theory is Max Weber’s legal rationalization, an evolutionary process running from traditional irrational forms to formal, bureaucratic forms of legal domination. Weber’s view that legal rationalization is our “fate” and informal rules and institutions are necessarily outdated will be reconsidered from a historical perspective and confronted with empirical data gathered in the area of the governance of global business transactions. This article will attempt to show that although Weber’s influential approach still helps to explain much of what occurs in domestic models of capitalism it doesn’t seem to grasp the growing complexities of globalized capitalism. Este análisis apoya la opinión de que los procesos de modernización conducen naturalmente a las estructuras jurídicas similares a lo que se observa en las sociedades occidentales y que también las estructuras globales surgirán en el mismo modelo. Junto con la teoría de la modernización, otra teoría prominente a menudo aludida como justificación para la legalización es la Economía Institucional, donde las reglas y las instituciones se consideran mecanismos para evitar los costos de transacción de efectivo. Las publicaciones anteriores del autor comparan estos y otros enfoques para explicar el papel de la ley en la economía. Una tercera teoría es la racionalización jurídica de Max Weber, un proceso evolutivo que va

  7. Reflections on the perspectives of the global economy from the point of view of emerging economies

    Maria Luiza Falc, o Silva; Joaquim Pinto de Andrade; Thomas S. Torrance


    Recently a number of emerging economies, with high inflation and various kinds of imbalances have experienced what has come to be referred to as dollarization - the phenomenon of currency substitution where the dollar gradually replaces the national currency in the performance of its fundamental functions. The phenomenon is most commonly encountered as a component of the exchange-rate-based stabilization programs implemented in a number of emerging economies in Latin America, Asia and the Mid...

  8. The Role of Government in Restoring International Competitiveness: the Case of Crisis Management in the Baltic States Economies versus Poland Economies

    Anna Matysek-Jędrych


    Full Text Available This paper focuses on the relationship between the government actions, global economic crisis, and competitiveness on a national and regional dimension. The Baltic States (i.e., Estonia, Latvia, and Lithuania have experienced one of the biggest Gross Domestic Product (GDP contractions during the Global Crisis so far. Meanwhile, Poland was the only country with a positive GDP growth in the European Union during the Global Crisis. Hence, identifying and assessing changes in the relative competitiveness, as a consequence of the economic downturn in both Baltic States and Poland, has sparked many interests.The main channel through which the crisis undermined competitiveness has been the macroeconomic situation. That is why employing single macroeconomic variables as proxies of competitiveness suggests a much stronger influence of the crisis on competitiveness in comparison to overall measures (e.g. Global Competitiveness Index. It may be generally concluded that a short-term crisis, even if severe, does not have a negative influence on international competitiveness as long as a proper anti-crisis policy is implemented and the country is small enough to react fast and adapt to new conditions in the global environment.

  9. Market structure and competition in the healthcare industry : Results from a transition economy.

    Lábaj, Martin; Silanič, Peter; Weiss, Christoph; Yontcheva, Biliana


    The present paper provides first empirical evidence on the relationship between market size and the number of firms in the healthcare industry for a transition economy. We estimate market-size thresholds required to support different numbers of suppliers (firms) for three occupations in the healthcare industry in a large number of distinct geographic markets in Slovakia, taking into account the spatial interaction between local markets. The empirical analysis is carried out for three time periods (1995, 2001 and 2010) which characterise different stages of the transition process. Our results suggest that the relationship between market size and the number of firms differs both across industries and across periods. In particular, we find that pharmacies, as the only completely liberalised market in our dataset, experience the largest change in competitive behaviour during the transition process. Furthermore, we find evidence for correlation in entry decisions across administrative borders, suggesting that future market analysis should aim to capture these regional effects.

  10. An analysis of the economic scenario of Peru and Chile, from the perspective of global competitiveness double diamond

    Jesús C. Peña-Vinces


    Full Text Available Little economies, as the Peruvian and Chilean, are found immersed in the global sand of the emerging economies, so that to evaluate them from a home based point of view (Porter 1990 would be a very limited and not useful approach. This fact makes Porter’s national diamond (1990 to end up, not being enough for that objective (Moon et al. 1998: 135. This paper analyzes the mentioned economies from a global approach, which includes the local market and the foreign market, in other words, to evaluate them from the double diamond perspective of the international competitiveness proposed by Moon et al. (1998, and Moon and Lee (2004: 138.

  11. Global economic meltdown and the Nigerian economy | Lawrence ...

    International Journal of Development and Management Review ... Other identified causes are the housing bubble and predatory lending by its financial giants. The crisis has inflicted so much harm on the Nigerian economy by resulting in ...

  12. Impact of Clusters on Innovation, Knowledge and Competitiveness in the Romanian Economy

    Cristina VLĂSCEANU


    Full Text Available The concept of clusters has become extremely popular in the recent years, as more and more practitioners and theorists refer to it.From my point of view, clusters are the ideal structure for some companies to build their skills, knowledge and know-how together. To the same extent, this form of organization enables the creation of common structures / facilities, which allows the smaller firms or the ones that lack experience to learn from the ones with more experience and to benefit from their more advanced capabilities, and thus to grow together. Moreover, the participation, collaboration and cooperation of universities, institutes, research centers and other organizations/entities inside a cluster undoubtedly leads to the growth of the economic development of the region, from which the cluster is part of. In the case of Romania, the eight development regions could greatly benefit from the formation and implementation of clusters. With the shift to a knowledge-based economy and society, the difference, made by clusters and creative networks that promote innovation, is now clear. Thus, the purpose of this paper is to outline the benefits that can come from the development of clusters, and to highlight the impact of clusters on innovation, knowledge and competitiveness in the Romanian Economy.

  13. Global Crisis and Country's Competitiveness: Lessons from Indonesia and Malaysia

    Anton Setyawan


    This study examines the impact of 2009 global financial crisis to Indonesia and Malaysia. The framework of this study is Porter Diamond Model of Competitiveness. By using fixed effect panel data regression analysis this study analyze the four dimension of Porter model. In this study, they are four model regressions as a proxy of factor condition, demand condition, related and supporting industries model and Firm strategy, structure, and rivalry model. This study uses data from Asian Developme...


    Gomero Gonzáles, Nicko Alberto


    It is important that a country develop strong competitive to gaing solid macroeconomic result and keep constant growing. In Peru has been achieving these past years, and that have been showing in the principals indicator of economic management. The public policies implemented have created favorable scenarios to bring in investments in all productive sectors, At the same time the national companies have been develop capabilities to achieve with successes of the market globalization. The divers...

  15. What drives employment growth of Canadian Businesses? A Fresh Look at Indicators of Agglomeration Economies when Competition and Diversity Matter

    Wang, Cong; Steiner, Bodo


    This study investigates indicators of external scale economies in Canada for the period 2004-11. Accounting for firm-level external scale forces, we explore the extent to which external scale economies impact employment growth. Our analysis focuses on three factors: the impact of external scale...... economies accounting for Marshallian specialization and Jacobs diversity, competition by industry, and related and unrelated firm varieties in terms of employment and sales. Results accounting for non-linearity between employment growth and agglomeration suggest that in the short run, during the period 2004...


    Oleg Tarasenko


    Full Text Available The purpose of the article is to investigate the current state of scientific thought in relation to the formation of intellectual capital of an enterprise in the innovation process, achievement by the enterprise of corresponding competitive advantages and their protection. Methodology. The methodological basis of the article is the systematic approach, which provided a comprehensive definition of the scope of this research – intellectual property and its protection as a complex economic and legal category. This made it possible to systematically define the purpose, level of abstraction, hierarchy, forms of manifestation, and key attributes of the subject of research. Application of principles of modelling of business processes also allowed studying the influence of factors of the external environment on the sequence of information flows in the process of forming competitive advantages on the basis of intellectual property. In addition, having determined the scientific basis, the collective and local monographic studies of leading scientists concerning the specificity of the formation of competitive advantages of innovative enterprises, including on the basis of intellectual capital, were also taken into account. Results. The article studies, describes and, correspondingly, formalizes modern processes of formation of competitive advantages in the conditions of Smart Economy: knowledge management, their patenting, modern significance, and the influence of patenting on the role of intellectual property in the investigated phenomena, as well as management of relevant information flows. Practical implications. The research demonstrates ways of forming competitive advantages in the modern economy, and the results of the analysis of relevant statistics explain patterns of economic and legal processes in the field of relevant practical activities. This allows assessing the actual state of the subject of the research, determining the development

  17. Global consensus for discrete-time competitive systems

    Shih, C.-W.; Tseng, J.-P.


    Grossberg established a remarkable convergence theorem for a class of competitive systems without knowing and using Lyapunov function for the systems. We present the parallel investigations for the discrete-time version of the Grossberg's model. Through developing an extended component-competing analysis for the coupled system, without knowing a Lyapunov function and applying the LaSalle's invariance principle, the global pattern formation or the so-called global consensus for the system can be achieved. A numerical simulation is performed to illustrate the present theory.

  18. Measuring Africa's E-Readiness in the Global Networked Economy: A Nine-Country Data Analysis

    Ifinedo, Princely


    This paper assesses the integration of Africa into the global economy by computing the e-readiness for nine African countries. The measuring tool used is simple and incorporates a variety of indicators used by comparable tools. Overall, the mean e-readiness of Africa is poor in comparison to other economies. Particularly, Sub-Saharan Africa…

  19. Social Justice and the Global Economy: New Challenges for Social Work in the 21st Century

    Polack, Robert J.


    The globalization of the economy creates new challenges for social work in the arenas of social and economic justice. This article outlines social justice issues related to the debt crisis of the Global South and sweatshops. A presentation of colonial precursors is followed by a detailed examination of these global institutions with an emphasis on…

  20. Globalization, the New Economy, and the Commodification of Language and Identity.

    Heller, Monica


    Explores ways in which the globalized new economy has resulted in the commodification of language and identity, sometimes separately, sometimes together. The article is based on recent ethnographic, sociolinguistic research in francophone areas of Canada. (Author/VWL)

  1. Can Knowledge Management Become Global? - Consulting Engineering Companies in the Knowledge Economy

    Koch, Christian


    The paper presents different strategies for consulting engineering companies in the emergent global economy. It is a common assumption that players can obtain market gain through cross border mergers, acquisitions, or strategic alliances in synchronisation with internal organisation. Many big...

  2. Patent challenges for standard-setting in the global economy : lessons from information and communication industry

    Maskus, K.; Merrill, S.A.; Bekkers, R.N.A.; Sandy Block, Marc; Contreras, Jorge; Gilbert, Richard; Goodman, David; Marasco, Amy; Simcoe, Tim; Smoot, Oliver; Suttmeier, Richard; Updegrove, Andrew


    Patent Challenges for Standard-Setting in the Global Economy: Lessons from Information and Communication Technology examines how leading national and multinational standard-setting organizations (SSOs) address patent disclosures, licensing terms, transfers of patent ownership, and other issues that

  3. The evolution of competition in banking in a transition economy: an application of the Panzar-Rosse model to Armenia

    Armenuhi Mkrtchyan


    Full Text Available The structure of the banking industry typically undergoes fundamental changes during the transition to a market economy. This research employs the method suggested by Panzar and Rosse (1987 to evaluate the empirical evidence on the evolution of competitive structure in the Armenian banking industry during its recent transition and on the possible forces—market power or efficiency/contestability—that underlie that evolution. The results point to monopolistic competition.The reduction of bank numbers and the simultaneous increase in concentration is accompanied by a decline in competition intensity, which supports the market-power hypothesis

  4. Political Economy of Global Rush for Agricultural Land: a Tract on India’s Overseas Acquisitions

    Verma, Santosh Kumar


    This paper is an attempt to map the global land acquisitions with a focus on Indian MNCs in acquiring overseas land for agricultural purposes. It tries to outline the contemporary political economy of capital accumulation at the global level, especially, in the emerging developing economies like India and China, where the emergence of a new capitalist class has engaged itself into acquisition of land and control of other natural resources in Africa, Latin America, Eastern Europe and South Eas...

  5. The Indonesian Economy amidst the Global Crisis : Good Policy and Good Luck

    Basri, Muhammad Chatib; Rahardja, Sjamsu


    The global economic crisis has caused economic collapse in many countries. Indonesia is obviously affected by this crisis, its export growth declined significantly. Nevertheless, the impact of the crisis on the Indonesian economy is relatively limited compared to other countries in the region, including Singapore, Malaysia, and Thailand. This situation leads into a question of why the impact of the global crisis on the Indonesian economy is relatively limited so far. Is it because of the stru...

  6. Colleges Are Wary of Global Economy's Effect on Foreign Enrollments

    Fischer, Karin


    Economists in both India and China see signs of slackening economic activity, from currency fluctuations in India to a falloff in imports, electricity consumption, and real-estate sales in China. A weakening of the economies in the two countries could be worrisome news for American colleges, for which an uptick in full-paying foreign students has…

  7. Chasing the limelight: Belgrade and Istanbul in the global competition

    Stupar Aleksandra


    Full Text Available The purpose of this paper is to analyze and compare main changes of contemporary Belgrade and Istanbul - two urban nodes at the crossroads of different and multileveled flows. Following the same pattern of global activation, inevitable competition and networking, these cities are trying to synchronize their multidimensional background, establish new patterns of global behavior and adjust them to the dynamism of modern life. Consequently, their historical role has been modified, urban tissue has been developed, recreated and regenerated, and the output of this process represents an attractive testimony of their global initiation. Revealing the ambiguous nature of strong economic forces as well as a new fusion of urban cultures, Belgrade and Istanbul are structuring the globalized image with the new key-elements. However, their true potential and the real efficiency of this process should be re-evaluated - the changed physiognomy of the city could improve its position in the global hierarchy and facilitate its integration into the global community, but, sometimes, local limitations are too complex and too strong to be ignored.

  8. Improve global competitiveness with supply-chain management

    Krenek, M.R.


    Over the past 10 to 15 years, petrochemical companies have aggressively cut costs due to increased international competition. Unfortunately, these conditions will remain part of the future business environment. To remain international as players, leading chemical companies must develop new methods to keep a competitive edge. One option is to use global supply-chain management. With this strategy, organizations can optimize costs in an integrated fashion along the entire manufacturing and delivery system worldwide. This is a sharp contrast to previously used compartmentalized cost cutting by departments such as transportation, manufacturing, etc. Rethinking the supply-chain management requires devising a new order on how all manufacturing process costs contribute to the total product costs. Manufacturers can no longer look at operation segments as separate puzzle pieces. They must devise a framework that integrates all functions of production and distribution to be the lowest-cost manufacturer in that market

  9. China's food economy in the early 21st Century; Development of China's food economy and its impact on global trade and on the EU

    Tongeren, van F.W.; Huang, J.


    Development of Chinese food economy and Chinese agricultural policies. Simulations of future developments in China and in global trade with a model for the Chinese food economy and a model for global trade analysis. Simulation of developments in a 'business as usual' scenario. Assesment of impacts

  10. Making sense of the global economy: 10 resources for health promoters.

    Mohindra, K S; Labonté, Ronald


    Population health is shaped by more than local or national influences-the global matters. Health promotion practitioners and researchers increasingly are challenged to engage with upstream factors related to the global economy, such as global prescriptions for national macroeconomic policies, debt relief and international trade. This paper identifies 10 books (A Brief History of Neoliberalism, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism, The World is Not Flat: Inequality and Injustice in Our Global Economy, Globalization and its Discontents, The Debt Threat: How Debt is Destroying the Developing World, Global Woman: Nannies, Maids, and Sex Workers in the New Economy, A Race Against Time, Globalization and Health: An Introduction, Global Public Goods for Health: Health Economics and Public Health Perspectives, Trade and Health: Seeking Common Ground) and several key reports that we found to be particularly useful for understanding the global economy's effects on people's health. We draw attention to issues helpful in understanding the present global financial crisis.

  11. Democratising the global economy by ecologicalising economics. The example of global warming

    Jenkins, T.N.


    The aim of this paper is to show that continued reliance on an unreconstructed neo-classical economic model for human progress is largely responsible for an economic development path which is both unsustainable and undemocratic. Using the topical issue of global warming as an illustration, it is argued that the ecologicalisation of the economics discipline challenges the foundations of this strategy and promises, among other benefits, a more democratic global economic organisation. The data analysed in this paper suggest that the damage of global warming is directly attributable to economic activity, the benefits of economic growth go to the economically articulate, and the disbenefits in terms of environmental damage are borne by the economically inarticulate. Mainstream economics gives no answer to, and becomes a method for evading, this moral problem. The data also show that huge increases in energy efficiency are required if a basically unchanged world economic system is to be sustainable. Nevertheless, the predominant goal of development policy is to ignore the problem of scale and to promote an economic model of urbanised development in the 'developing' countries which carries the implication (and the promise) that the rates of resource consumption typical in 'developed' countries can be achieved globally. An alternative development model is presented which includes the recognition that, in ecological terms, 'developed' countries are in debt to 'developing' countries, largely because of the way in which economic growth is measured gross of externalised social and environmental costs. A method is suggested for calculating part of this ecological debt for individual countries, thus going some way towards quantifying the extent of the distortions in the current global political economy and the unsustainability of the present economic order

  12. Changes in Global Economy Influencing the Maritime Industry

    Grama Izabella Gilda


    Full Text Available The world economic situation has brightened in 2010. However, multiple risks threaten to undermine the prospects of a sustained recovery and a stable world economy – including sovereign debt problems in many developed regions, and fiscal austerity. These risks are further magnified by the extraordinary shocks that have occurred in 2011, which have included natural disasters and political unrest, as well as rising and volatile energy and commodity prices. Given that for shipping, all stands and falls with worldwide macroeconomic conditions, the developments in world seaborne trade mirrored the performance of the wider economy. After contracting in 2009, international shipping experienced an upswing in demand in 2010, and recorded a positive turnaround in seaborne trade volumes especially in the dry bulk and container trade segments. However, the outlook remains fragile, as seaborne trade is subject to the same uncertainties and shocks that face the world economy. This paper highlights some developments that are currently affecting maritime transport and have the potential to deeply reshape the landscape of international shipping and seaborne trade.

  13. Stimulating the Competitiveness of the Macedonian Economy through the Process of Stimulation the Internationalization of the Companies

    Jovanka Damoska Sekuloska


    Full Text Available The research in this paper is to be focused on examining the internationalization of the Macedonian companies as a prerequisite in improvement of Macedonian competitiveness. Internationalization as a process of integration in international economic activities contributes to overcome the sizes of national markets. According to the World Economic Forum (WEF the size of the market is one of the pillars of competitiveness and it is revealed as one of the limitation of the competitiveness of Macedonian economy. The contemporary theories of competitiveness recognize the necessity of quantitative and qualitative improvement of the process of internationalization of the companies. Quantitative improvement means involving not only trade but also outward FDI and the new quality signifies the necessity of restructuring the economic activities towards employing and creating innovation based processes, as (Porter, 1990accents that a nation’s competitiveness depends on the capacity of its industry to innovate and upgrade. Using data of some target Central European and Baltic (CEB economies, it will be examined interrelationships between the internationalization and competitiveness and policies that influence the improvement and stimulation of internationalization process.

  14. New competitive strategies of foreign banks in large emerging economies: the case of Brazil

    Fernando J. Cardim de Carvalho


    Full Text Available Financial relations have been deeply transformed in the 1980s and 1990s by deregulation and liberalization. Among the most affected by these changes has been the banking system. Domestic banks have generally lost the implicit protection given by regulatory barriers to entry. Until very recently, in most of the world, foreign banks had their range of operations limited by both regulatory and market factors in developed and developing countries alike. This has radically changed in the 1990s. Foreign banks previously content to hold marginal positions in domestic emerging markets started to pursue aggressive strategies of expansion. Competition among banks operating domestically is being intensified as a result, particularly in emerging economies large enough to support entry of new banking firms. We examine the case of Brazil, where, following the semi-crisis of 1995, a significant number of banks set up subsidiaries fighting for increasing market shares of the domestic market. The paper shows the ways these banks chose to enter the market and explores the perspectives for the domestic banking sector.

  15. Economy

    Haring, Ben


    The economy of ancient Egypt is a difficult area of study due to the lack of preservation of much data (especially quantitative data); it is also a controversial subject on which widely divergent views have been expressed. It is certain, however, that the principal production and revenues of Egyptian society as a whole and of its individual members was agrarian, and as such, dependent on the yearly rising and receding of the Nile. Most agricultural producers were probably self-sufficient tena...

  16. Trading away what kind of jobs? Globalization, trade and tasks in the US economy.

    Kemeny, Thomas; Rigby, David


    Economists and other social scientists are calling for a reassessment of the impact of international trade on labor markets in developed and developing countries. Classical models of globalization and trade, based upon the international exchange of finished goods, fail to capture the fragmentation of much commodity production and the geographical separation of individual production tasks. This fragmentation, captured in the growing volume of intra-industry trade, prompts investigation of the effects of trade within, rather than between, sectors of the economy. In this paper we examine the relationship between international trade and the task structure of US employment. We link disaggregate US trade data from 1972 to 2006, the NBER manufacturing database, the Decennial Census, and occupational and task data from the Dictionary of Occupational Titles. Within-industry shifts in task characteristics are linked to import competition and technological change. Our results suggest that trade has played a major role in the growth in relative demand for nonroutine tasks, particularly those requiring high levels of interpersonal interaction.

  17. Immigrants as Refugees of the Global Economy: Learning to Teach (about) Today's Migrants

    Reed, Judith


    The phenomenon of migration as it is known today must be understood in the larger context of the globalized economy and the "race to the bottom" that characterizes the multinational corporate relationship with the global South. A deeper understanding of the ways in which migration today is rooted in the machinations of the globalized…

  18. The Effects of Globalization on Developing Economies: The ...

    This paper examines globalization and its effects on third World Economic ... Corruption due to bad government has become the order of the day as workers strive to ... or eliminate the negative effect of globalization and to domain the positive side of ... AJOL's Partners · Terms and Conditions of Use · Contact AJOL · News.

  19. Agricultural biotechnology and its contribution to the global knowledge economy.

    Aerni, Philipp


    The theory of neoclassical welfare economics largely shaped international and national agricultural policies during the Cold War period. It treated technology as an exogenous factor that could boost agricultural productivity but not necessarily sustainable agriculture. New growth theory, the economic theory of the new knowledge economy, treats technological change as endogenous and argues that intangible assets such as human capital and knowledge are the drivers of sustainable economic development. In this context, the combined use of agricultural biotechnology and information technology has a great potential, not just to boost economic growth but also to empower people in developing countries and improve the sustainable management of natural resources. This article outlines the major ideas behind new growth theory and explains why agricultural economists and agricultural policy-makers still tend to stick to old welfare economics. Finally, the article uses the case of the Cassava Biotechnology Network (CBN) to illustrate an example of how new growth theory can be applied in the fight against poverty. CBN is a successful interdisciplinary crop research network that makes use of the new knowledge economy to produce new goods that empower the poor and improve the productivity and nutritional quality of cassava. It shows that the potential benefits of agricultural biotechnology go far beyond the already known productivity increases and pesticide use reductions of existing GM crops.

  20. The Global Compact. Corporate Leadership in the World Economy

    Annan, Kofi


    United Nations Secretary-General Kofi Annan first proposed the Global Compact in an address to The World Economic Forum on the 31st January 1999. The Global Compact’s operational phase was launched at UN Headquarters in New York on the 26th July 2000. The Secretary-General challenged business leaders to join an international initiative – the Global Compact – that would bring companies together with UN agencies, labour and civil society to support nine principles in the areas of human rights, ...

  1. China’s Rise and Its Implications for the Global Economy

    Jitaru Loredana


    Full Text Available Since 1978, the world has been witnessing China’s formidable growth at an average growthyearly rate of about 10%. Even when the world economy was affected by the global economicfinancialcrisis, China’s economy grew 9-10% per year. The objective of this study is to provide acomplex view of the Chinese economic growth and to identify the effects of this growth on theworld economy. To that effect, this paper is structured in two parts. In the first part, we analysedthe evolution of the Chinese economic growth and the drivers of this spectacular growth. In thesecond part, we identified and analysed the implications of this growth for the global economy. Toachieve our objective, we used the method of documentary research.

  2. Functionality of the Kosovo Competition Authority on the basis of European Union standards a guarantee for loyal economy in Kosovo

    Armand Krasniqi


    Full Text Available Legal regulation of market mechanisms and the implementation of economic policies for a fair competition in TEs is a challenging issue. The competition is a complex economic phenomenon that is manifested and characterized by the strength and content that gives to the market economy. In Kosovo specific economic entities, in one way or another, are tempted to gain as much buyers or markets and create much more profits. The problem is connected with the irregularity. Such behavior and unfair actions are not only damaging the image of the country but are a serious threat the harmonious development of the national economy and the country’s accession process to the EU. The parliament of Kosovo established the Kosovo Competition Authority as an independent institution with special competences to control and fight this negative phenomenon. Based to official data it turns out that the effectiveness of this institution is not only incomplete but also non-functional. This is because of the “ignorance” and non-adequate treatment that is reserved for this authority by the parliamentary and governmental institutions. All this because the members are not elected based to regular procedures and not allocating the necessary financial means to operate. At least so far, the Kosovo Competition Authority was not allowed to hire professionals with clear competences to act and investigate the negative phenomenon of unfair competition. Certainly, this situation does not guarantee effective implementation of laws and quality protection of competition. Therefore, the mobilization of parliamentary and governmental levels is needed to enhance professional capacities and increase their competence in scope of the investigation including cooperation with prosecutors and courts. These actions should be reconsidered with the aim of creating a competitive safe environment for all operators. To conclude, the loyal competition policies and legislative framework should be

  3. Population Aging and the Generational Economy: A Global ...


    Oct 31, 2011 ... ... of Global Health and Population, Harvard School of Public Health, USA. ... Over coming decades, changes in population age structure will have ... at international agencies such as the World Bank, the IMF, and the UN.

  4. The UN global compact and firms from emerging economies

    Çetindamar, Dilek; Cetindamar, Dilek


    This paper will focus on the role of corporate social responsibility (CSR) on the environmental behavior of firms. The empirical study was conducted in 2004 among Turkish firms that included members of United Nations Global Compact network.

  5. Oil for development: The future of ethical investment in a globalized economy

    Bjorvatn, Kjetil


    The presentation reviews the resource development in China, firm models and social situations such as corruption and economic growth. Various aspects of globalization, environmental effects and economic competition are discussed (tk)

  6. Global warning policy, energy, and the Chinese economy

    Rose, A.; Benavides, J.; Lim, D.; Frias, O.


    China is the world's largest user of coal and a major generator of greenhouse gases. This paper addresses whether the country can reconfigure its energy structure without hindering its future economic development. The authors construct a dynamic linear programming model of the Chinese economy and use it to simulate five alternative strategies to stabilize CO 2 emissions at 20% of projected year 2000 baseline levels. The results, under more optimistic assumptions, indicate this goal can be achieved with no growth penalty. However, if major technological changes relating to energy conservation and coal displacement, as well as vastly increasing availabilities of clean fuels, are not forthcoming, China could suffer a significant decline in its rate of economic growth. 38 refs., 1 fig., 5 tabs

  7. Biofuels sources, biofuel policy, biofuel economy and global biofuel projections

    Demirbas, Ayhan


    The term biofuel is referred to liquid, gas and solid fuels predominantly produced from biomass. Biofuels include energy security reasons, environmental concerns, foreign exchange savings, and socioeconomic issues related to the rural sector. Biofuels include bioethanol, biomethanol, vegetable oils, biodiesel, biogas, bio-synthetic gas (bio-syngas), bio-oil, bio-char, Fischer-Tropsch liquids, and biohydrogen. Most traditional biofuels, such as ethanol from corn, wheat, or sugar beets, and biodiesel from oil seeds, are produced from classic agricultural food crops that require high-quality agricultural land for growth. Bioethanol is a petrol additive/substitute. Biomethanol can be produced from biomass using bio-syngas obtained from steam reforming process of biomass. Biomethanol is considerably easier to recover than the bioethanol from biomass. Ethanol forms an azeotrope with water so it is expensive to purify the ethanol during recovery. Methanol recycles easier because it does not form an azeotrope. Biodiesel is an environmentally friendly alternative liquid fuel that can be used in any diesel engine without modification. There has been renewed interest in the use of vegetable oils for making biodiesel due to its less polluting and renewable nature as against the conventional petroleum diesel fuel. Due to its environmental merits, the share of biofuel in the automotive fuel market will grow fast in the next decade. There are several reasons for biofuels to be considered as relevant technologies by both developing and industrialized countries. Biofuels include energy security reasons, environmental concerns, foreign exchange savings, and socioeconomic issues related to the rural sector. The biofuel economy will grow rapidly during the 21st century. Its economy development is based on agricultural production and most people live in the rural areas. In the most biomass-intensive scenario, modernized biomass energy contributes by 2050 about one half of total energy

  8. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B.


    There is a consistent pre-occupation in the research literature on emissions trading with what configurations of trading arrangements are likely to be economically efficient both statically and dynamically, and - to a lesser extent - what is likely to be fair - who are the winners and the losers. Issues of environmental effectiveness are also addressed in this context. Conversely, amongst the policy practitioners, there is little overt interest in economic efficiency, and not much treatment of fairness. There is a strong interest in implementability, and in environmental effectiveness. The presentations at the workshops reflected these parallel pre-occupations, and attempts were made by some to make a bridge between them. In this paper we review some of the papers and associated other literature that address these issues in political economy, with a particular emphasis on insights emerging as regards competitiveness, co-operation and market power. Much of the relevant research emerging at the workshops was animated by either ex post analysis of existing programmes, or an ex ante analysis of 'new' emissions trading proposals, such as the proposal by the European Commission for a European Union (EU) wide scheme. At our first workshop in Venice, in December 2001, Zapfel and Vainio (2001) presented a paper - 'Pathways to European Greenhouse Gas Emission Trading' - which mapped the at times surprising evolution of the emissions trading idea in Europe, the misconceptions that in the past and still to this day complicate progress, and conclude with a presentation of a coherent case for the creation of an EU wide greenhouse gas emissions trading scheme. They both work with the European Commission in DG Environment, and continue to be heavily involved in moving the emissions trading agenda forward. The Commission had released its proposals just two months earlier, in October 2001, following an intensive consultation process. This co-incidence of occurrence of the initiation

  9. Political Economy of Tradeable Permits. Competitiveness, Co-operation and Market Power

    Convery, F.J.; Dunne, L.; Redmond, L.; Ryan, L.B. [Department of Environmental Studies, University College, Dublin (Ireland)


    There is a consistent pre-occupation in the research literature on emissions trading with what configurations of trading arrangements are likely to be economically efficient both statically and dynamically, and - to a lesser extent - what is likely to be fair - who are the winners and the losers. Issues of environmental effectiveness are also addressed in this context. Conversely, amongst the policy practitioners, there is little overt interest in economic efficiency, and not much treatment of fairness. There is a strong interest in implementability, and in environmental effectiveness. The presentations at the workshops reflected these parallel pre-occupations, and attempts were made by some to make a bridge between them. In this paper we review some of the papers and associated other literature that address these issues in political economy, with a particular emphasis on insights emerging as regards competitiveness, co-operation and market power. Much of the relevant research emerging at the workshops was animated by either ex post analysis of existing programmes, or an ex ante analysis of 'new' emissions trading proposals, such as the proposal by the European Commission for a European Union (EU) wide scheme. At our first workshop in Venice, in December 2001, Zapfel and Vainio (2001) presented a paper - 'Pathways to European Greenhouse Gas Emission Trading' - which mapped the at times surprising evolution of the emissions trading idea in Europe, the misconceptions that in the past and still to this day complicate progress, and conclude with a presentation of a coherent case for the creation of an EU wide greenhouse gas emissions trading scheme. They both work with the European Commission in DG Environment, and continue to be heavily involved in moving the emissions trading agenda forward. The Commission had released its proposals just two months earlier, in October 2001, following an intensive consultation process. This co-incidence of

  10. Women workers and the politics of claims-making in a globalizing economy

    Kabeer, Naila


    The paper analyses the evolving politics of claims-making by women workers in the Global South in the context of a globalized economy. It addresses the following questions. What kinds of claims are prioritized in relation to women workers? Who is making these claims? To whom are they addressed? What strategies are pursued to advance these claims? Which claims are heard and acted on - and which go unheard? The paper considers three categories of women workers: those working in global value cha...

  11. Trends in and outlook for the global and South African economies

    Maia, Jorge


    Full Text Available -GFC average. Global growth to be sustained at a relatively higher level over MT. • Higher fixed investment activity globally to address back-logs. Global FDI flows rise, benefitting both advanced economies and emerging markets. • Moderate inflationary...: 28% Select export destinations share of SA export basket in 2016 United States  Growth sustained at modest pace (around 2% p.a.), with consumer & investment spending as key drivers.  Low inflationary pressures, gradual policy rate hikes...

  12. New technologies as a factor of development of competitive Russian economy in the context of a post-industrial stage

    Shamrai Yu.F.


    Full Text Available the article presents ways of development of a technological platform of the Russian economy and a role of new technologies and «human factor» in providing its competitiveness at a post-industrial stage. The author offers: education systems development, use of channels of the international migration of a skilled labor force, forming of the national market of new technologies, enhancement of interaction with the world market of new technologies.

  13. Globalization: an open door for the knowledge economy



    Full Text Available Globalization refers to an emphasized process of global integration and spreading a set of ideas related to the economical activity and goods’ production, the premises being the liberalization of international commerce and the capital flows, the speeding up of the technological progress and informational society. The cognitive society is more and more obvious and unanimously accepted, which actually proves its efficiency. If traditional, conservative communities, which are not open to change and reject from the start anything new on the horizon, still exist today, they are isolated cases that will eventually be "converted" by this wave of information that has become indispensable to any development because in its absence resources could not be used efficiently. Taking into consideration these elements, this paper wishes to give arguments to the fact that globalization can be seen as being an open door for the cognitive society.


    Kateryna Shatnenko


    , it is related to the rising wages in developing countries. It makes labour-intensive production less profitable. The Factor Price Equalization Theorem shows that there is no further perspective to stay competitive using cheap labour force. That is why it is crucial to create favourable conditions for the development of innovations. By its nature, manufacturing is more diversified than other sectors, which gives more chances to produce innovations. Strong manufacturing basis is also beneficial for providing employment, better standards of living, and sustainable economic growth. Practical implications. Developed countries can apply new approaches to their economic policies because they already have a quite strong innovative basis. These approaches should take into account current trends, which are considered in this article. Ukraine, bearing in mind the deepening of its integration into the global economy, should substantially improve its competitive positions. That is why it is important to launch a long-term strategic program, which is relevant to Ukrainian specific conditions. Value of the study is in distinguishing of different nature of the same process in developed countries and in Ukraine. It helps to define some perspectives of economic development. The results of the study can be used for creating economic programs.

  15. Competition between global and local online social networks

    Kleineberg, Kaj-Kolja; Boguñá, Marián


    The overwhelming success of online social networks, the key actors in the Web 2.0 cosmos, has reshaped human interactions globally. To help understand the fundamental mechanisms which determine the fate of online social networks at the system level, we describe the digital world as a complex ecosystem of interacting networks. In this paper, we study the impact of heterogeneity in network fitnesses on the competition between an international network, such as Facebook, and local services. The higher fitness of international networks is induced by their ability to attract users from all over the world, which can then establish social interactions without the limitations of local networks. In other words, inter-country social ties lead to increased fitness of the international network. To study the competition between an international network and local ones, we construct a 1:1000 scale model of the digital world, consisting of the 80 countries with the most Internet users. Under certain conditions, this leads to the extinction of local networks; whereas under different conditions, local networks can persist and even dominate completely. In particular, our model suggests that, with the parameters that best reproduce the empirical overtake of Facebook, this overtake could have not taken place with a significant probability.

  16. Competition between global and local online social networks.

    Kleineberg, Kaj-Kolja; Boguñá, Marián


    The overwhelming success of online social networks, the key actors in the Web 2.0 cosmos, has reshaped human interactions globally. To help understand the fundamental mechanisms which determine the fate of online social networks at the system level, we describe the digital world as a complex ecosystem of interacting networks. In this paper, we study the impact of heterogeneity in network fitnesses on the competition between an international network, such as Facebook, and local services. The higher fitness of international networks is induced by their ability to attract users from all over the world, which can then establish social interactions without the limitations of local networks. In other words, inter-country social ties lead to increased fitness of the international network. To study the competition between an international network and local ones, we construct a 1:1000 scale model of the digital world, consisting of the 80 countries with the most Internet users. Under certain conditions, this leads to the extinction of local networks; whereas under different conditions, local networks can persist and even dominate completely. In particular, our model suggests that, with the parameters that best reproduce the empirical overtake of Facebook, this overtake could have not taken place with a significant probability.


    N.D. Du Preez


    Full Text Available This paper presentsan overview of the challenge to integrate product and process life cycles in maintaining global competitiveness of an enterprise and proposes IEKOS as a possible solution . It provides the reader with a framework of two virtual life cycles which create a problem solving matrix for the industrial engineer. In this matrix, bordered by the virtual enterprise life cycle and the virtual product life cycles, the business functions of analyze, design deploy and operate are predominantly functions executed by the, industrial engineer. The different phases of each life cycle serves as a framework to a virtual industrial engineering toolkit providing access to detailed functions, formats, examples and a series of software and other "tools" available to the industrial engineer.
    In conclusion a brief overview is provided of the progress of the IEKOS toolkit which is under development at the department of Industrial Engineering at Stellenbosch University.

  18. A Nation at Risk: Increasing College Participation and Persistence Among African American Males to Stimulate U.S. Global Competitiveness

    Adriel A. Hilton


    Full Text Available Today’s knowledge-based, global commerce requires continuous investment in human capital through postsecondary education for countries to be fiercely competitive. Countries, such as China and India, are experiencing growth in the number of people participating in postsecondary education; the United States has fallen behind. While America needs to focus on increasing college access and degree completion among underrepresented ethnic minorities, particularly in Science, Technology, Engineering, and Mathematics (STEM, educators and policymakers assert that this is particularly important for African American males. Increasing matriculation and graduation rates for African Americans is not only a matter of equity, but in the context of STEM, it has major implications for the competitiveness of the United States in the global economy. This article identifies strategies that educators and policymakers can employ to promote the participation of African American males in college in general, particularly in STEM.

  19. Population Aging and the Generational Economy: A Global ...

    31 oct. 2011 ... The book is a bona fide crystal ball. It will be a must read for the next decade. David Bloom, Clarence James Gamble Professor of Economics and ... of Global Health and Population, Harvard School of Public Health, USA.

  20. Employment and Concepts of Work in the New Global Economy.

    Kelly, G. M.


    Gives an historical overview of the role and value of work from economic, philosophical, and legal perspectives. Stresses the need to humanize current globalization and technological trends in order to achieve the fundamental principle of the right to work and the objective of full employment. (SK)

  1. The International Treaty on Global Warming: Is it Good or Bad for the Economy?

    Wei, Xinyu; Bao, Wenbin


    Global warming is one of the hottest topics all over the world. International authorities have worked together to negotiate the Paris Agreement on global warming. This Agreement has its supporters and critics. The key question is whether on balance is the Paris Assignment good or bad for the United States economy. This paper begins with some background information leading up to the passage of the treaty. Next, I outline what is in treaty. I then critically analyze the arguments in support of and against the Assignment. Finally, I explain the basis for my opinion that in the long run the treaty will benefit the United States economy.

  2. The place of foreign direct investment in the global economy

    Tomasz Gutowski


    Full Text Available Foreign direct investment (FDI plays an extraordinary and growing role in global business. It can provide a firm with new markets and marketing channels, cheaper production facilities, access to new technology, products, skills and financing. For a host country or the foreign firm which receives the investment, it can provide a source of new technologies, capital, processes, products, organizational technologies and management skills and as such can provide a strong impetus to economic development. The sea change in trade and investment policies and the regulatory environment globally in the past decade, including trade policy and tariff liberalization, easing of restrictions on foreign investment and acquisition in many nations, and the deregulation and privitazation of many industries, has probably been been the most significant catalyst for FDI’s expanded role.

  3. International Inequality in the Age of Globalization: Japanese Economic Ascent and the Restructuring of the Capitalist World-Economy

    Paul S. Ciccantell


    Full Text Available This paper shows how Japanese ?rms and the Japanese state constructed a development model based on the steel industry as a generative sector that drove Japan’s economic ascent in the world-historical context of U.S. hegemony. We make three arguments in this paper. First, there is a new model of capital accumulation that does create new forms of social inequality by redistributing costs and bene?ts in very di?erent ways than earlier models. Second, Japanese ?rms and the Japanese state created this new model of capital accumulation and social inequality via mechanisms including joint ventures, long term contracts, and other forms of international trade and investment, not U.S.-based transnational corporations, as is usually assumed. Third, world-systems theory reconstructed through the lens of the new historical materialism explains this restructuring of the capitalist world-economy as the outcome of Japan’s economic ascent over the last ?fty years. Further, we argue that this new model of capital accumulation has had similar impacts on redistributing the costs and bene?ts of development between core and peripheral regions of the capitalist world-economy in a wide range of global industries. These strategies created a tightly linked set of technological and organizational innovations to overcome the natural and social obstacles to Japanese development, dramatically increase Japan’s international economic competitiveness by lowering production costs in all sectors of the economy, turn Japan into the world’s largest exporter of manufactured products, restructure a range of global industries, and recreate the world-system hierarchy in support of Japanese development. In particular, organizational inno-vations in the use of long term contracts and joint ventures in raw materials industries to foster global excess capacity and lower rents to resource extracting ?rms and states reallocated the costs of providing the material building blocks of

  4. Democratic Capitalism and Philanthropy in a Global Economy

    Zoltan J. Acs; Sameeksha Desai


    Democratic capitalism has become the popular paradigm in the modern world, and it is spreading further through globalization. It is a model based on growth, expansion and constant innovation. However, it is accompanied by social problems which may worsen despite overall gains in wealth. In this paper, we suggest that democratic capitalist societies may benefit from the application of what has been a primarily American institution: Philanthropy. We present the Entrepreneurship-Philanthropy Cyc...

  5. Safe Abortion and the Global Political Economy of Reproductive Rights

    Barbara B Crane


    Sexual and Reproductive Health and Rights (SRHR) advocates are joining the call for global economic justice, while drawing attention to the neglect of SRHR in the Millennium Development Goals. At the same time, abortion and other core SRHR issues are coming to the fore in specialized and influential arenas concerned with HIV/AIDS, maternal and child health, humanitarian response, and human rights. A strategic response is required from the SRHR movement. Development (2005) 48, 85–91. doi:10.10...

  6. Modify and Adapt: Global Higher Education in a Changing Economy

    Kenneth E. Lane; Pamela Lemoine; Tina M. Tinney; Michael D. Richardson


    The combinations of global networking and digital delivery have intense repercussions for higher education administrators who confront a magnitude of opportunities and challenges as the result of the digital revolution. Much of the reaction to technological change comes from those with a vested interest in either wholesale change or maintaining the status quo. Taking the resilience metaphor from ecology, the authors propose a framework for analyzing an institution's ability to adapt to digita...

  7. The nature of oil shocks and the global economy

    Archanskaïa, Elizaveta; Creel, Jérôme; Hubert, Paul


    This paper identifies the main driving force behind oil price shocks in 1970–2006 by applying a simple identification strategy of supply-driven and demand-driven price shocks. The identification hypothesis states that supply-driven oil price shocks have a negative impact on the macroeconomic activity of countries, which are net consumers of oil while demand-driven oil price shocks do not have negative effects. In order to identify global demand-driven shocks, a weighted aggregate GDP series of countries, which are net consumers of oil, is constructed over 1970–2006. The key result is that the main driving force behind oil price shocks has changed from supply-driven shocks in 1970–1992 to demand-driven shocks in 1992–2006. - Highlights: ► We characterize the oil–macroeconomy relationship at the global level. ► We identify oil supply and oil demand shocks drawing on a AS/AS model. ► We construct an indicator of global activity for countries net consumers of oil. ► We use Qu-Perron break tests, TVP, Cyclical correlations and VARs. ► We show that the main driving force behind oil price shocks has changed around 1992.

  8. The solar energy based global economy. A policy leading to the ecological era

    Scheer, H.


    Bound in its fossil energy and raw materials supply chains, the global economy is heading for a global ecological crisis and dramatically aggravating conflicts. Moreover, this exclusive dependence on fossil energy and materials resources forces a global concentration process increasingly undermining democratic and free market systems. But the will to survive is not the only reason to consider a new industrial revolution to be imperative. Such a sweeping change, from a fossil energy based regime to a system relying exclusively on renewable energy sources and raw materials, would open up unique opportunities for the evolution of a peaceful and democratic global economy fostering the development of superior technologies and sustainable regional economic systems. The author of the book elaborates the scenario permitting such a radical change, and explains the necessary basic approaches and appropriate policies relating to technology, the economy, ecology, and the social system. The ultimate goal is that the evolution of the solar energy based global economy will be accompanied by an intrinsic economic driving force eventually leading to an ecological era. (orig./CB) [de

  9. The price effects of enhancing services sector competition in a large open economy

    P.A.D. Cavelaars


    textabstractThis paper studies the price e?ects of shocks to the degree of competition. It is motivated by initiatives to enhance competition in services in the European Union. The paper shows that a higher degree of competition in the nontradable goods sector may have adverse implications for

  10. 2013 Annual Global Tax Competitiveness Ranking: Corporate Tax Policy at a Crossroads

    Duanjie Chen


    Full Text Available Canada is losing its appeal as a destination for business investment. Its ability to compete against other countries for investment slipped considerably this year in our global tax competitiveness ranking, down six spots among OECD countries, and down 11 spots among the 90 countries. While many governments around the world responded to the fallout of the global recession by significantly reducing corporate tax rates, certain policy moves in Canada have us headed in the opposite direction. Canada is in danger of repelling business investment, which can only worsen current economic and fiscal challenges. Canada’s fading advantage is the result of recent anti-competitive provincial tax policies that increased the cost of investment. This includes, most notably, British Columbia’s decision to reverse the harmonization of its provincial sales tax with the federal GST, as well as recent corporate income tax rate hikes in B.C. and New Brunswick. When economic calamity strikes, and workers and their families feel the pain of lost jobs and lost wealth, politicians know they can score populist points by targeting the corporate sector. After all, corporations do not vote and they do not have a human face. News stories about major multinational corporations using tax-avoidance techniques to minimize their tax bills, only feed the populism, leaving voters believing that companies are getting away without paying a “fair share” of taxes. But when the corporate sector is targeted, it is not only supposedly wealthy capitalists who pay, but also employees, through lost wages and jobs, and working-class people who have a stake in companies through pension plans and mutual funds. On a larger scale, it is the economy that suffers. The same profit-maximizing imperative that leads companies to seek ways to reduce their tax liabilities also motivates firms to redirect investment to competing, lower-tax jurisdictions. Populist policies aimed at squeezing

  11. Peers or Professionals? The P2P-Economy and Competition Law

    Ranchordás, Sofia


    For almost a decade, digital peer-to-peer initiatives (eg, Uber, Airbnb) have been disrupting the traditional economy by offering informal, diverse, convenient and affordable services to consumers. However, more recently, the peer-to-peer economy has become increasingly professionalised. Service

  12. Global stability and pattern formation in a nonlocal diffusive Lotka-Volterra competition model

    Ni, Wenjie; Shi, Junping; Wang, Mingxin


    A diffusive Lotka-Volterra competition model with nonlocal intraspecific and interspecific competition between species is formulated and analyzed. The nonlocal competition strength is assumed to be determined by a diffusion kernel function to model the movement pattern of the biological species. It is shown that when there is no nonlocal intraspecific competition, the dynamics properties of nonlocal diffusive competition problem are similar to those of classical diffusive Lotka-Volterra competition model regardless of the strength of nonlocal interspecific competition. Global stability of nonnegative constant equilibria are proved using Lyapunov or upper-lower solution methods. On the other hand, strong nonlocal intraspecific competition increases the system spatiotemporal dynamic complexity. For the weak competition case, the nonlocal diffusive competition model may possess nonconstant positive equilibria for some suitably large nonlocal intraspecific competition coefficients.


    Cecilia – Nicoleta Jurcuț (Aniș


    Full Text Available In an increasingly open and integrated world economy, competitiveness and sustainability have become a central preoccupation of both advanced and emerging countries. Thus, the goal of this paper is to research the interconnection between the competitiveness and sustainable development factors, based on the development of the concepts and current research tendencies. Using extensive data over a period of 10 years, this study explores and tests the sign of the relationship between national competitiveness and sustainable development indicators. Our findings are the basis of developing new models describing the relationships between competitiveness, economic growth and sustainability, justified by the need of sustainable economy’s development to increase the national competitiveness, in order to attract financial resources necessary for financing the growth of the economy and economic entities.


    Eko Suseno Hr Matrutty


    Full Text Available ASEAN Economic Community (AEC offers both opportunities and challenges to Indonesian Small Medium Enterprises (SMEs. Highly competitive SMEs are likely to exploit opportunities from AEC by expanding their markets and securing raw materials at lower costs. On the contrary, the increasingly intense competition is likely to marginalize less competitive SMEs in their own domestic market. This study aims to analyze the SMEs competitiveness in anticipating AEC. Using 64 SMEs that already export their products or have potentials to export as the sample; this research shows that Indonesian SMEs exhibit a high competitiveness level from the perspective of the production factor, the availability of related and supporting industries factor (especially in relation to the availability of raw and supporting materials, and the demand factor. However, SME owners acknowledge that AEC intensify competition and the government has not provided adequate facilities to improve the SME competitiveness.

  15. Competition, transmission and pattern evolution: A network analysis of global oil trade

    Zhang, Hai-Ying; Ji, Qiang; Fan, Ying


    This paper studies the competition among oil importers using complex network theory, combined with several alternative measures of competition intensity, to analyze the evolution of the pattern and transmission of oil-trading competition. The results indicate that oil trade has formed a global competition pattern and that the role played by the Asian-Pacific region in the evolution of this competition pattern is becoming increasingly prominent. In addition, global competition intensity has continued to rise, and non-OECD countries have become the main driving force for this increase in global competition intensity. The large oil importers are the most significant parts of the global oil-trading competition pattern. They are not only the major participants in the competition for oil resources but also play important roles in the transmission of oil-trading competition. China and the United States especially display the feature of globalization, whose impacts of transmission reach across the whole oil-trading competition network. Finally, a “5C” (changeability, contestability, cooperation, commitment and circumstances) policy framework is put forward to maintain the stability of oil trade and improve the energy security of oil importers in various aspects. - Highlights: • An oil-trading competition network is constructed using complex network theory. • Oil trade has formed a global competition pattern and its intensity has kept rising. • The status of the Asian-Pacific region in the competition pattern becomes prominent. • Large oil importers play important roles in transmitting the trading competition. • A “5C” policy framework is put forward to cope with the intensive competition

  16. The Role of Urban Financial Centers within the Economy of Global Cities

    Oana Mionel


    Full Text Available Nowadays, there is no doubt that state economy refers to city economy. In other words, the most part of a state‘s GDP is given by the urban environment, especially by capitals, which are often the economic engine of this environment. There are also cities having great economic importance abroad, beyond the state and even continental borders. These are the so-called global cities where the financial activities play an important role. There are a few cities (New York, London, Hong Kong etc. centering financial activities which are influential for large geographic areas. This research highlights the importance of the financial sector within urban economy and, subsequently, how it consolidates the status of global city. These cities are the engine of the international financial system as they host the headquarters of the most important and famous international stock exchange markets, financial supervision institutions, law firms and consulting companies.

  17. An Internationally Competitive Economy: a Comparison of Poland and the Visegrad Group Countries in the Post‑Accession Period

    Molendowski Edward


    Full Text Available This article presents the results of an analysis comparing the competitive position of Poland and other countries of the Visegrad Group (V4 in the post‑accession period (2004-2015. The assumption is that among the V4 countries, Poland has joined those countries where the diverse effects of EU membership are clearly visible. In the study, analysis was applied to secondary data pertaining to pillars of economic competitiveness, as determined by the ‘Global Competitiveness Reports’ prepared by the World Economic Forum. The article ends with a list of vital conclusions based on the presented analysis.

  18. Rebuilding the Arab Economies: New Regional and Global Strategies

    Laura - Ramona BENCHEA


    Full Text Available The Arab countries are facing one of their most difficult periods of the modern history. The popular uprisings which broke out at the beginning of 2011 in Tunisia and then spread to Egypt, Libya, Morocco, Jordan, Bahrain and Syria, reflect profound economic and social hardships, but also major uncertainties regarding the political perspectives of these countries. The political transition carried out by several Arab countries could represent an incentive for profound economic reorganization and structural change all over the region. The aim of this paper is to assess the structural economic challenges the Arab countries had been confronted with over many decades and to identify possible regional and global strategies for economic development.

  19. Correlation measure to detect time series distances, whence economy globalization

    Miśkiewicz, Janusz; Ausloos, Marcel


    An instantaneous time series distance is defined through the equal time correlation coefficient. The idea is applied to the Gross Domestic Product (GDP) yearly increments of 21 rich countries between 1950 and 2005 in order to test the process of economic globalisation. Some data discussion is first presented to decide what (EKS, GK, or derived) GDP series should be studied. Distances are then calculated from the correlation coefficient values between pairs of series. The role of time averaging of the distances over finite size windows is discussed. Three network structures are next constructed based on the hierarchy of distances. It is shown that the mean distance between the most developed countries on several networks actually decreases in time, -which we consider as a proof of globalization. An empirical law is found for the evolution after 1990, similar to that found in flux creep. The optimal observation time window size is found ≃15 years.


    Robert Feenstra


    The last few decades have seen a spectacular integration of the global economy through trade. The rising integration of world markets has brought with it a disintegration of the production process, however, in which manufacturing or services activities done abroad are combined with those performed at home. The author compares several different measures of foreign outsourcing and argues that they have all increased since the 1970s. He also considers the implications of globalization for employ...

  1. Desovereignization of national state, economy and security in terms of globalization

    Rakić Mile M.


    Full Text Available In current modern age of worldwide processes of globalization and globalism a process of desovereigntization of national state and economy has become a general process. Therefore national state has been faced with numerous challenges and it has been in a permanent state of crisis. Within the process of globalization most often rich enclaves of national states make attempts to integrate themselves into neoliberal capitalist system, while poor and backward enclaves become abandoned and so national states become disintegrated. First of all it is necessary to search for causes of ethno-religious conflicts and a national separatism in the field of economy. Within the globalization environment it happened that old entities, national state, national economy and national security gained totally new meanings. By using a method of comparative analysis of document contents and consitutional and political practice alike it is possible to reach conclusion that a great number of modern national states, including the Republic of Serbia among them, have found themselves in the state of permanent crisis, and the state crisis implies, before anything else, the crisis of state sovereignty. The state gets destroyed both from inside and outside in different ways. By using a quality method it is confirmed that within a state there comes an overstepping of constitutional regulations which encompass, before else, the issues of national economy and national security, and it is achieved in particular by seizure of economic sovereignty.

  2. Support for Ethical Consumerism and Welfare States in the Global Economy : Complements or Substitutes?

    Burgoon, B.; Fransen, L.

    This paper explores attitudes about alternative paths to promoting labor and social standards in the global political economy: public welfare-state policy protecting workers and social standards through policy and regulation, versus private ‘red consumerism’ protecting standards through consumer

  3. Creativity, Innovation and Arts Learning: Preparing All Students for Success in a Global Economy

    Ruppert, Sandra S.


    The United States is competing in a dynamic global economy in which two assets--a skilled, versatile and highly adaptable workforce and the capacity for creativity, innovation and entrepreneurship--provide a decisive edge. To succeed in today's economic climate, the U.S. needs a well-educated, technically proficient workforce in all sectors and…

  4. Global scientific research commons under the Nagoya Protocol: Towards a collaborative economy model for the sharing of basic research assets.

    Dedeurwaerdere, Tom; Melindi-Ghidi, Paolo; Broggiato, Arianna


    This paper aims to get a better understanding of the motivational and transaction cost features of building global scientific research commons, with a view to contributing to the debate on the design of appropriate policy measures under the recently adopted Nagoya Protocol. For this purpose, the paper analyses the results of a world-wide survey of managers and users of microbial culture collections, which focused on the role of social and internalized motivations, organizational networks and external incentives in promoting the public availability of upstream research assets. Overall, the study confirms the hypotheses of the social production model of information and shareable goods, but it also shows the need to complete this model. For the sharing of materials, the underlying collaborative economy in excess capacity plays a key role in addition to the social production, while for data, competitive pressures amongst scientists tend to play a bigger role.

  5. Genomics innovation: transforming healthcare, business, and the global economy.

    Jimenez-Sanchez, Gerardo


    The genomics revolution has generated an unprecedented number of assets to propel innovation. Initial availability of genomics-based applications show a significant potential to contribute addressing global challenges, such as human health, food security, alternative sources of energies, and environmental sustainability. In the last years, most developed and emerging nations have established bioeconomy agendas where genomics plays a major role to meet their local needs. Genomic medicine is one of the most visible areas where genomics innovation is likely to contribute to a more individualized, predictive, and preventive medical practice. Examples in agriculture, dairy and beef, fishery, aquaculture, and forests industries include the effective selection of genetic variants associated to traits of economic value. Some, in addition to producing more and better foods, already represent an important increase in revenues to their respective industries. It is reasonable to predict that genomics applications will lead to a paradigm shift in our ability to ease significant health, economic, and social burdens. However, to successfully benefit from genomics innovations, it is imperative to address a number of hurdles related to generating robust scientific evidence, developing lower-cost sequencing technologies, effective bioinformatics, as well as sensitive ethical, economical, environmental, legal, and social aspects associated with the development and use of genomics innovations.

  6. Globalization and Firm Competitiveness in the Middle East and North Africa Region

    Fawzy, Samiha


    Globalization has increased competitive pressures on firms. Together with rapid technological change, it has altered the environment in which firms operate. While globalization offers unprecedented opportunities for firms to act successfully, it simultaneously heightens the risks for firms lagging behind. In an open and liberalized world, increasing firm competitiveness has become a major ...

  7. Global Competition, Coloniality, and the Geopolitics of Knowledge in Higher Education

    Shahjahan, Riyad A.; Morgan, Clara


    While scholars have analyzed global higher education (HE) competition, they have largely failed to address how global spaces of equivalence are tied both to coloniality and to competition. Using the OECD's International Assessment of Higher Education Learning Outcomes (AHELO) as a case study and drawing on concepts from coloniality including…

  8. Telecommunication Sector of the Russian Economy: Transformation Into a Global Information and Telecommunication Infrastructure

    Fokina Elena Anatolyevna


    Full Text Available The author concerns the current state and possible ways of telecommunication sector of the Russian economy development in the conditions of world economy globalization and suggests that the process of globalization reflects the current stage of telecommunication companies’ capital internationalization. The analysis of telecommunication sector shows that it is not only a perspective, highmargin and dynamically developing sector but is still one of the most integrated into the system of world economic relations. The stages of Russian telecommunication companies’ capital internationalization are determined, the internal connections between internationalization process and globalization are revealed. It is revealed that the new information and communication technologies development and expansion results in substantial increase in cooperation between economical entities and provides a sustainable long-term economical growth of telecommunication enterprises. The financial and operational data determining the effectiveness of telecommunication companies’ activity are presented. The analysis of tendencies promoting the extension of the market activity of Russian telecommunication companies at global information and telecommunication infrastructure shows that the main tendencies are the following ones: foreign capital inflow increase, capital integration and expansion of new services based on technologies convergence. The author reasonably concludes in recent times, the telecommunication sector of the Russian economy formation and development is determined by the existing global trends.

  9. The Globalization of the Business Sector in a Small Open Economy

    Thompson, Grahame; Kaspersen, Lars Bo


    The growth of multinational corporations (MNCs) is often taken as a quintessential indicator of ‘globalization’. But recent detailed empirical analysis has challenged the idea that most MNCs are global in terms of their business strategy and arena of operations. This article first clarifies...... the differences between globalization, internationalization and supranational-regionalization by examining the evidence on trade and investment patterns for Denmark. In particular, it presents a detailed analysis of the business strategies of the large corporate sector in Denmark. Denmark is an interesting case......, as it is a small open economy (SOE) that might be thought to be one uniquely vulnerable to the forces of globalization. Up until now examination of MNCs' internationalization strategies has concentrated upon large economies. We provide evidence for a SOE. In addition, we expand the range of dimensions used...

  10. China's coal price disturbances: Observations, explanations, and implications for global energy economies

    Yang, Chi-Jen; Xuan, Xiaowei; Jackson, Robert B.


    Since China decontrolled coal prices, its coal price has risen steadily and been unusually volatile. In 2011 in particular, high coal prices and capped electricity prices in China discouraged coal-fired power generation, triggering widespread power shortages. We suggest that these coal-price disturbances could be symptomatic of a major change in pricing dynamics of global fossil-fuel markets, with increasing correspondence between coal and oil prices globally. Historically, global coal prices have been more stable and lower than oil and natural gas prices on a per-heat basis. In recent years, however, coal prices have been increasingly volatile worldwide and have tracked other fossil fuel prices more closely. Meanwhile, the recent development of unconventional gas has substantially decoupled US natural gas and oil prices. Technically, low US natural gas prices, with potential fuel switching, could drive US domestic coal prices lower. However, this effect is unlikely to counteract the overall trend in increasing coal consumption globally. China's market size and unique, partially-controlled energy system make its reform agenda a key force in the global economy. Policymakers in the US, E.U. and elsewhere should monitor China's economic reform agenda to anticipate and respond to changes accompanying China's increasing importance in the global energy economy. - Highlights: ► Since China decontrolled its coal prices, the price of coal has risen steadily in China, accompanied by unusual volatility. ► Relatively high and volatile coal prices have triggered widespread power shortages in China. ► Coal and oil prices have already become, and continue to become, more closely linked globally. ► China's demand will likely drive up global coal prices and make them as volatile as that of other fossil fuels. ► Policymakers should monitor China's economic reform agenda to anticipate and respond to changes in the global energy economy.

  11. Competitive effects and instruments of power sector reforms. International reform concepts blockade structures, risk distribution. A political economy analysis

    Liebchen, Armin


    Power sectors with weak or inadequate competition structures are the rule, despite numerous attempts at reform. But can afford modern economies this defect for a long time? Why can the implementation of competition are blocked so effectively? The author studied international reform experiences and opens up interesting insights that can also reflect on problems of the German energy turnaround: The difficulty of timing and coordination of the reform components, the development of resistance levels of individual interest groups, breach of contract as a rational alternative, causes unwanted price effects, shifting interest situations of major stakeholders, change dynamics impending regulatory risks, pending financing risks, stranded cost-conflict situations for power stations disconnected from the grid and facilities and instruments of a political and regulatory risk management for reforms. With numerous examples, background analyzes and instruments to reform analysis, this book is aimed at investors, policy planners and analysts. [de

  12. Supplier Partnership Strategy and Global Competitiveness: A Case of Samsung Electronics

    Jangwoo Lee


    Full Text Available Samsung Group has accelerated its management innovation process, following the announcement of ‘New Management’ by the CEO Lee Kun-Hee. Particular attention must be paid to the smart-phone business of Samsung Electronics, which is the core company of the Samsung Group. In 2009, as Apple entered into the Korean market, the domestic smart-phone market faced the so called ‘Apple Shock’ due to its choice of a monopolistic and closed operating system. In response, Samsung Electronics introduced the innovative Galaxy series, replacing the old model of Omnia series. This move reaped dramatic success by dominating the world smart-phone market. Samsung Electronics ranked first in the 2012 world smart-phone market, and in 2013 it sold over 300 million devices for the first time in history, thereby solidifying the number one spot with a market share of 32.3%. Samsung Electronics’ achievement in its management innovation process was successful, due to its internal innovation and its partnership with sub-suppliers. Samsung Electronics strengthened its supplier partnership strategy, which in turn, led to an internalization of subparts assembly and process technology. By conducting the final assembly process on its own, it established the global supply chain that accompanies a high level of efficiency and operational elasticity. Samsung Electronics successfully systemized several hundred suppliers into an effective partnership and created an eco system where cooperation and competition can co-exist in its supply chain network. In sum, Samsung Electronics has successfully created the Samsung Production System that brings an economy of scale and allows prompt response. On the other hand, Apple did not get involved with subparts production, besides design and product design. This research identifies the effectiveness of Samsung Electronics’ supplier partnerships in its global competitiveness by examining characteristics of supplier partnership

  13. Impact Of The Oil Trade On The Global Economy And The Role Of Giant Fields In Predicting Supply

    Kelley, Wayne; Bishop, Richard


    Confusion about global oil supply ('peak oil') is a distraction from the economic issue of massive wealth transfer associated with oil trading and its potential to destabilize the world economy. Without an accurate forecast of oil volumes (resources, reserves and supply), timing and cost, there is no reliable way to model the consequences of the oil trade on the global economy. This paper illustrates why it is imperative to improve our understanding of the oil trade on the global economy and proposes a method of forecasting oil supply for input into a credible global economic model.

  14. Integrating Into the Global Economy Through Services. The Case of Romania

    Agnes Ghibuțiu


    Full Text Available Services represent a most important and dynamic frontier of international trade and investment. The steady expansion of trade in services and its relative resilience in the recent crisis, coupled with its key role in global production networks and its increasing potential in attracting investment provides new opportunities for countries to grow their economies and integrate into the global economy. Drawing on insights from current literature and relying on balance of payments and trade in value-added statistics, this paper examines the main developments shaping Romania’s services trade over the post-crisis years. Its aim is to assess whether the country is grabbing the new opportunities arising from services globalization. It finds that following the dramatic crisis-induced decline in the value and performance of Romania’s services trade, the outlook is now radically improving as evidenced by the strongly rebounding services flows and net exports. Nonetheless, the country’s integration into the global economy through services flows continues to remain below its potential.

  15. Integrating into the Global Economy through Services. The Case of Romania



    Full Text Available Services represent a most important and dynamic frontier of international trade and investment. The steady expansion of trade in services and its relative resilience in the recent crisis, coupled with its key role in global production networks and its increasing potential in attracting investment provides new opportunities for countries to grow their economies and integrate into the global economy. Drawing on insights from current literature and relying on balance of payments and trade in value-added statistics, this paper examines the main developments shaping Romania’s services trade over the post-crisis years. Its aim is to assess whether the country is seizing the new opportunities arising from services globalization. It finds that following the dramatic crisis-induced decline in the value and performance of Romania’s services trade, the outlook is now radically improving as evidenced by strongly rebounding services flows and net exports. Nonetheless, the country’s integration into the global economy through services flows continues to remain below its potential.


    Manuela Unguru


    Full Text Available The Global Competitiveness Index GCI developed by the World Economic Forum is currently a wellknown and most appreciated tool for assessing global competitiveness. This article takes advantage of the complexity and richness of information embedded in this composite indicator to analyze the main challenges arising for the sustainability of growth from the perspective of global competitiveness indicators. After a brief review of the European Union (EU member states’ current state in terms of competitiveness, the investigation is focused on the performance and dynamics of the various competitiveness determinants, that explain, on the one hand, the poor ranking of Romania in the world competitiveness scoreboard and represent, on the other hand, major barriers to sustainable development.

  17. Globalization Opportunities and Their Implications on Business Operations and Competitiveness of Companies in Bosnia and Herzegovina

    Hasan Mahmutovic; Azra Hadžiahmetovic; Sead Talovic


    Globalization provides new business opportunities for companies all over the world and, at the same time, puts before them new challenges they need to adapt to in order to achieve success in the market. Also, global trends impose on the companies requirements for enhancement of competitiveness as a key determinant of their success in both local and international market. This research deals with the implications of globalization opportunities on business operations and competitiveness of compa...

  18. Gender in the Neoliberalised Global Academy: The Affective Economy of Women and Leadership in South Asia

    Morley, Louise; Crossouard, Barbara


    As higher education (HE) institutions globally become increasingly performative, competitive and corporatised in response to neoliberal rationalities, the exigencies of HE leadership are being realigned to accommodate its value system. This article draws on recent British Council-funded research, including 30 semi-structured interviews, to explore…

  19. Enhancing Global Competitiveness through Experiential Learning: Insights into Successful Programming

    Ghose, Nabarun


    International exposure of students is very essential in today's globalized world. Experiential learning, such as study abroad, plays a major role in developing global competencies in students, making them more marketable globally. This paper highlights one experiential activity that injects global competencies in students, thereby making them more…

  20. The Gulf Cooperation Council countries – economic structures, recent developments and role in the global economy

    Michael Sturm; Jan Strasky; Petra Adolf; Dominik Peschel


    In the wake of high and rising oil prices since 2003, the member states of the Gulf Cooperation Council (GCC) have seen dynamic economic development, enhancing their role in the global economy as investors and trade partners. Real GDP growth has been buoyant, with non-oil activity expanding faster than oil GDP. Macroeconomic developments have also been characterised by large fiscal and current account surpluses as a result of rising oil revenues, notwithstanding fiscal expansion and rapid imp...

  1. ICT and Business in the New Economy: Globalization and Attitudes Towards eCommerce

    John Sagi; Elias Carayannis; Subhashish Dasgupta; Gary Thomas


    Many authors argue that information and communications technology (ICT) in this New Economy is causing a globalized, unified society. Others take the opposite stand, viewing local factors such as national culture as very important to the success of information technology (IT). Research indicates that related factors such as gender may also play important roles in the use and acceptance of IT. This paper uniquely examines these perspectives by using electronic commerce as the common technology...

  2. Recent developments in intellectual property law in Australia with some reference to the global economy

    Crennan, Susan


    This paper by Susan Crennan, Justice of the High Court of Australia, addresses developments in Australia in intellectual property law, with some reference to the global economy, and deals with two patent cases, two copyright cases and a designs case. The paper was original presented as a lecture at the Institute of Advanced Legal Studies and is published in Amicus Curiae - Journal of the Society for Advanced Legal Studies. The Journal is produced by the Society for Advanced Legal Studies at t...

  3. New Economy And Global Challenge: Winning Model Of Successful Small Business Organizations

    Mirjana Radovic Markovic


    The old principles no longer work in the age of Globalization. Businesses have reached the old model's limits with respect to complexity and speed. The real problem is a ruinously dysfunctional mismatch between today's business environment and the classic business model. Namely, the wrong model may transform a company into the vehicle of its own death. Great shifts - genuine and radical transformation- have been shaping the economy and business environment in recent decades. Technology, espec...

  4. Sustainable Global Competitiveness Model as a New Strategic Opportunity for the Companies in Slovakia

    Šnircová Jana


    Full Text Available Dealing with global competitiveness is nowadays the strategic issue for the Slovak companies in context of sustainability. It means for managers of company to define new future strategic goals, to identify current position in global market, primarily to focus the strategy on sustainable global competitiveness and to assess the competitiveness in new way regarding sustainability and social corporate responsibility. The aim of this paper is to present the contribution to holistic micro and macro economical view on competitiveness of company in context of sustainable development in global environment. The introduced sustainable global competitiveness model is based on our experiences within the research in manufacturing companies in Slovakia. It is a visualization of enterprise as a system with all relation performing in its environment. Sustainable global competitiveness model comprises the three pillar principle of the sustainable development, modified Porter´s value chain, and economical environment represented with Global Competitiveness Index (GCI and other factors of environment which influence the company.

  5. The Disposition Parameters of the Technological and Innovation Gap in the Global Economy

    Mikaelian Suren G.


    Full Text Available The aim of the study is to specify the disposition parameters of the technological and innovation gap in the global economy and determine the directions for overcoming it. It is proved that the process of technological asymmetry is reflected in the technological and innovation gap in the global economy. The positions of the countries-innovation leaders are clarified with the attention being focused on the growth of China’s influence through its efforts in technological innovations. There described the transformation of the positions in two planes: production of and trade in high-tech products. A hypothesis about the change in the nature of innovations during the last decade is confirmed. It is proved that the affordability of the formation of advanced technologies in China has become a reason for its transformation into the powerhouse of the world economic development. There identified and characterized the directions for bridging the gap between economies, which include increasing investment on the global innovation scale; promoting the spread of technologies and their adaptation; ensuring an unimpeded flow of talents and knowledge; using intellectual property rights to promote innovation for the poor, improve the innovation efficiency; entering markets.

  6. Integrating the dark side of competition into explanations of business failures: Evidence from a developing economy

    Amankwah-Amoah, J.; Antwi-Agyei, Issek; Zhang, Hongxu


    In spite of the growing body of literature on the bright side of inter-firm relationships, limited attention has been paid to the dark side of inter-firm relationships. Using insights of serial entrepreneurs in a developing economy, we articulate the mechanisms through which adverse rumours and misinformation perpetrated by rivals' firms undermine small businesses and lead to decline and eventual collapse. We uncovered that the rumours were made more potent when combined with other factors su...

  7. Outsmarting the gig-economy through collective bargaining - EU competition law as a barrier?

    Schiek, Dagmar; Gideon, Andrea


    In August 2016, drivers delivering meals in London after being booked via the platforms ‘Deliveroo’ and ‘UberEATS’ made headlines by challenging working practices in the gig-economy through collective industrial action. Dissatisfaction resulted from extremely low levels of pay as well as a new payment calculation system being introduced without consultation. This indicates that the ‘gig-economy’ may not always constitute the smartest solution for those serving within it. However, it also high...

  8. Poverty, Obesity, Diabetes: Are They the By-Products of Liberalization of Global Economy?

    Rehman, Sharaf N.


    The paper briefly describes the causes of a global rise in obesity and diabetes. In so doing, it establishes links between (1) poverty and obesity, and (2) obesity and diabetes. The paper also presents data from a survey (N=147) conducted in a depressed economy in Texas where cases of obesity and diabetes are among the highest in the US. The paper argues for a paradigm shift in viewing the role of policymakers in regards to food and pharmaceutical industries, both locally and globally.

  9. Global Market, Colonial Economies and Trade Corporations: The consulates at Guadalajara and Buenos Aires

    Antonio Ibarra


    Full Text Available This paper seeks to examine the global organization of two Spanish American colonial spaces during the era of free trade: the Hispanic North and Rio de la Plata. By studying the consular records on foreign trade, included in the derecho de avería records, I analyse how their economies were integrated into the circulation of silver, slaves, and imports. Moreover, I explain the institutional development of their trade communities, favored by the body of consulates in the cities of Guadalajara and Buenos Aires, viewed as institutional instruments of corporate negotiation, market administration, and interest organization against a backdrop of trade globalization.

  10. Against Amateur Economies: Spec Work Competitions and the Anti-spec Movement

    Helen Kennedy


    Full Text Available The rise and rise of the amateur cultural producer has been greeted with a spectacular amount of celebratory rhetoric, in both popular and academic writing . It has also been criticised, often for the inferior quality of amateur productions compared to the fruits of professional labour. But apart from that by a small number of journalism scholars, little empirical research has been carried out with professional creative labourers about the impact of amateur economies on their work, and their responses to amateur production practices. This article addresses that gap, and also counterbalances the dominant celebratory discourse by focusing on an initiative that is critical of amateur economies and that emerges from creative workers themselves: the anti-spec movement within design industries. Anti-spec activists campaign against speculative (or spec work, which is seen as one problematic materialisation of crowdsourced, amateur economies. Here, it is argued that responses to spec work can be understood in relation to designers’ ethics and values and the extent to which they feel that these are thrown into question by amateur activity.

  11. Globalization, statist political economy, and unsuccessful education reform in South Korea, 1993-2003.

    Ki Su Kim


    Full Text Available This article examines the relationship between globalization and national education reforms, especially those of educational systems. Instead of exploring the much debated issues of how globalization affects national educational systems and how the nations react by what kinds of systemic education reform, however, it focuses on what such a method often leaves out, viz., the internal conditions of a nation that facilitates or hampers reform efforts. Taking South Korea as an example, it explores that country's unique national context which restricts and even inhibits education reforms. Especially noted here is the established "statist" political economy in education. In the paper's analysis, although South Korea's statist political economy has made a substantial contribution to economic and educational development, it is now considered increasingly unviable as globalization progresses. Nevertheless, the internal conditions, resultant from the previous statist policies, set limits on policy makers' efforts to alter the existing educational system. The analysis suggests that a fuller assessment of globalization's impact upon national educational systems or their reforms requires a perspective which is broad enough to encompass not only the concepts and/or theories of globalization and nation states but also the power relations and ideological setup of individual nations.

  12. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

    Dr. Sumanjeet Singh


    Full Text Available Towards the end of 2008 the effects of global recession started getting reflectedin international trade. The fall in global demand and the slowing-down ineconomic growth translated into a substantial reduction in internationaltrade. It affected the cross-border trade of virtually all countries and economicsectors. Indian exports trade could not remain unaffected in a situation whereexternal demand was dwindling globally. The present paper reviews India’sexport performance during and following the global financial crisis. Indianexports started to decline in July 2008. It declined from US$ 17,095 millionin July 2008 to US$ 11,516 million in March 2009, which accounts for almost33 per cent decline. This growth contraction has come after a robust 25 percent-plus average export growth since 2003. But, as a result of governmentpolicy measures and recovery in global economy, India’s exports growthturned positive and exports grew by a whopping 54.1 per cent in March 2010and recorded the highest growth rate among the world’s top 70 economiesin merchandise exports. India’s merchandise exports during April 2010 at US$16.9 billion recorded a growth of 36.3 per cent as compared with a declineof 32.8 per cent registered in April 2009. Exports witnessed huge annualizedgrowth of 56.9 per cent to $25.9 billion in May 2011 in a bright spot for theIndian economy, which is battling high inflation amid signs of a slowdown.

  13. Competition and wage effects in the global online market for microwork and services outsourcing

    Beerepoot, N.; Lambregts, B.; Nicholson, B.; Babin, R.; Lacity, M.C.


    A new form of service outsourcing has emerged, namely the global online job marketplace for freelance contractors. Such platforms are currently the closest proxy to the idea of a global labor market. In this chapter, we examine how competition manifests itself on one such global online platform,

  14. Clean Economy, Living Planet. The Race to the Top of Global Clean Energy Technology Manufacturing

    Van der Slot, A.; Van den Berg, W. [Roland Berger Strategy Consultants RBSC, Amsterdam (Netherlands)


    For four years, WWF and Roland Berger have tracked developments in the global clean energy technology (cleantech) sector and ranked countries according to their cleantech sales. The 3rd annual 'Clean Economy, Living Planet' report ranks 40 countries based on the 2011 sales value of the clean energy technology products they manufacture. The report shows that the EU has lost its position to China as the leader in the fast growing global cleantech energy manufacturing sector. However, when cleantech sales are weighted as a percentage of GDP, Denmark and Germany occupied the first and third position globally. Last year the sector's global sales value rose by 10% to almost 200 billion euros, close to the scale of consumer electronics manufacturing. It is projected to overtake oil and gas equipment in the next three years.

  15. International Perspectives on Work-Family Policies: Lessons from the World's Most Competitive Economies

    Earle, Alison; Mokomane, Zitha; Heymann, Jody


    The United States does not guarantee families a wide range of supportive workplace policies such as paid maternity and paternity leave or paid leave to care for sick children. Proposals to provide such benefits are invariably met with the complaint that the costs would reduce employment and undermine the international competitiveness of American…

  16. 'BRICS without straw'? A systematic literature review of newly emerging economies' influence in global health.

    Harmer, Andrew; Xiao, Yina; Missoni, Eduardo; Tediosi, Fabrizio


    Since 2010, five newly emerging economies collectively known as 'BRICS' (Brazil, India, Russia, China and South Africa) have caught the imagination, and scholarly attention, of political scientists, economists and development specialists. The prospect of a unified geopolitical bloc, consciously seeking to re-frame international (and global) health development with a new set of ideas and values, has also, if belatedly, begun to attract the attention of the global health community. But what influence, if any, do the BRICS wield in global health, and, if they do wield influence, how has that influence been conceptualized and recorded in the literature? We conducted a systematic literature review in (March-December 2012) of documents retrieved from the databases EMBASE, PubMed/Medline, Global Health, and Google Scholar, and the websites of relevant international organisations, research institutions and philanthropic organisations. The results were synthesised using a framework of influence developed for the review from the political science literature. Our initial search of databases and websites yielded 887 documents. Exclusion criteria narrowed the number of documents to 71 journal articles and 23 reports. Two researchers using an agreed set of inclusion criteria independently screened the 94 documents, leaving just 7 documents. We found just one document that provided sustained analysis of the BRICS' collective influence; the overwhelming tendency was to describe individual BRICS countries influence. Although influence was predominantly framed by BRICS countries' material capability, there were examples of institutional and ideational influence - particularly from Brazil. Individual BRICS countries were primarily 'opportunity seekers' and region mobilisers but with potential to become 'issue leaders' and region organisers. Though small in number, the written output on BRICS influence in global health has increased significantly since a similar review conducted in

  17. Global Carbon Fiber Composites Supply Chain Competitiveness Analysis

    Sujit Das, Josh Warren, Devin West, Susan M. Schexnayder


    This analysis identifies key opportunities in the carbon fiber supply chain where resources and investments can help advance the clean energy economy. The report focuses on four application areas — wind energy, aerospace, automotive, and pressure vessels — that top the list of industries using carbon fiber and carbon fiber reinforced polymers. For each of the four application areas, the report addresses the supply and demand trends within that sector, supply chain, and costs of carbon fiber and components.

  18. Corporate Strategies and Global Competition: Odense Steel Shipyard, 1918-2012

    Poulsen, Rene Taudal; Jensen, Kristoffer; Christensen, Rene Schroder


    This article analyzes the competitive strategies of Odense Steel Shipyard between 1918 and 2012 and challenges existing scholarship on competition in global industries. Until the 1980s, the yard adopted typical strategies in shipbuilding, starting with cost leadership and subsequently adopting...

  19. An empirical analysis оn logistics performance and the global competitiveness

    Turkay Yildiz


    Full Text Available Logistics has been identified as an area to build cost and service advantages. Therefore, companies are more focused on customer needs and trying to find ways to reduce costs, improve quality and meet the growing expectations of their clients. Indeed, the global competition has led managers to begin to address the issue of providing more efficient logistics services. In this regard, this paper presents an empirical study on logistics performance and global competitiveness. This paper also identifies the associations between logistics performances and global competitiveness. The results indicate that some variables in global competitiveness scores contribute much higher to the logistics performances than the other variables through analysis. The variables that contribute much higher than the other variables to the logistics performances are shown.

  20. The Influence of Low-carbon Economy on Global Trade Pattern

    Xiao-jing, Guo

    Since global warming has seriously endangered the living environment of human being and their health and safety, the development of low-carbon economy has become an irreversible global trend. Under the background of economic globalization, low-carbon economy will surely exert a significant impact on global trade pattern. Countries are paying more and more attention to the green trade. The emission permits trade of carbon between the developed countries and the developing countries has become more mature than ever. The carbon tariff caused by the distribution of the "big cake" will make the low-cost advantage in developing countries cease to exist, which will, in turn, affect the foreign trade, economic development, employment and people's living in developing countries. Therefore, under the background of this trend, we should perfect the relevant laws and regulations on trade and environment as soon as possible, optimize trade structure, promote greatly the development of service trade, transform thoroughly the mode of development in foreign trade, take advantage of the international carbon trading market by increasing the added value of export products resulted from technological innovation to achieve mutual benefit and win-win results and promote common development.

  1. Inflation in a Fully-Euroised Economy: Could Inflation Differentials Threaten Competitiveness?

    Mitrović-Mijatović Marijana


    Full Text Available This paper analyses inflation in Montenegro, a country which uses euro outside the euro area, and investigates the factors which contribute to price differentials in Montenegro relative to the euro area. Furthermore, the paper examines whether changes in the real effective exchange rates, which in Montenegro’s case follow the path of price differentials, may have any influence on country’s competitiveness.

  2. Global Power Play--Competition Winners Light Up the World

    Tech Directions, 2012


    This year's "Tech Directions" Inventors Competition asked students to come up with ways to provide electricity to remote villages that traditional electrical utilities have not yet reached. This article presents the results of the judging by inventor/electrical engineer Harry T. Roman. The winners are: (1) First Place--Scott Hulver,…

  3. Energy as a competitive factor - Opportunities for the Swiss economy; Wettbewerbsfaktor Energie - Chancen fuer die Schweizer Wirtschaft

    Ziegler, M.; Baettig, R.


    This report Swiss for the Swiss Federal Office of Energy (SFOE) reviews opportunities offered to the Swiss economy by regarding energy as a competitive factor. Goals set in Switzerland regarding the reduction of greenhouse-gas emissions and measures taken in this area are commented on. The report takes a look at measures that are technically and economically implementable in the building and transport areas. The costs and investment involved in the implementation of a particular scenario are examined. The chances offered to Swiss companies in the area of replacements for fossil fuels are examined. Market potentials in the areas of renewable energy sources and energy productivity are reviewed as are related financial services and workplace effects.

  4. New “stars” of global economy: TICKS comes to replace BRICS

    Iryna Chychkalo-Kondratska


    Full Text Available The paper discusses the reasons for the establishment of BRICS, and the role of the BRICS countries in the global economy today. Special attention is paid to the analysis of the factors, which caused the "destruction" of BRICS. The BRICS group is now being replaced by a new grouping of fast-growing economies – TICKS in which Russia and Brazil are replaced by Taiwan and South Korea. The authors analyzed the macroeconomic indicators of the TICKS countries and proposed a new structure of the grouping - Thailand, India, China, Korea, Singapore. These countries have fast-developing high-tech industries, increasing foreign investments and GDP, as it is proved here by the respective calculations of the authors.

  5. How Does the Global Economy Crisis Influence in Managing Investment in Indonesia

    Enggal Sriwardiningsih


    Full Text Available July 2007 is the beginning of the world’s subprime mortgage crisis. Since then, the world’s liquidity crisis occurred and never found any solution until now. The liquidity crisis began to spread from developed countries to poor countries, developing countries and emerging markets with two channels. This contagious crisis made growing economy and emerging economy fell. No country in the world survived, including Indonesia. This paper discussed the management of investments in Indonesia. It started from the spread of global crisis to Indonesia and its impact on investment in Indonesia. Then, we discussed the government's efforts to encourage investment. The last was the view of the investment for the next three years (2010-2014

  6. The structural transformation of the economy of Russia: administrative aspect of formation and implementation of competitiveness in the context of its personnel

    T. S. Popova


    Full Text Available It were developed in this article the author's scientific and practical approach, methodology, and managerial tools allowing to construct and implement the policy of the competitiveness of the national economy in its personnel division at the federal, regional and enterprise levels, providing a selection and recruitment of qualified personnel capable of update the socioeconomic mechanism of public administration. Groups of industries of national economy were studied depending on the level of competitiveness of their products, trends, characteristics and factors of policy selection and recruitment in the civil service and industry sectors on example of CBEER - CFD.

  7. Challenges Regarding the Romanian SMTEs’ Struggle to Excellence through Innovation in a Global Economy

    Ionica Oncioiu


    Full Text Available The Internet and e-business adoption are the most important issues of this century for travel agencies. At the same time, e-Small and Medium Tourism Businesses do not receive the recognition they deserve in a world where success is mandatory. This is a strange fact, if one considers that 70% of the world business is represented by small and medium tourism businesses owned by visionary persons who take advantages of acting at a small scale and help create a more dynamic economy. With the current rapid transformation of markets, the first element which influences the strategy of the economic activity of travel agencies is the character of the innovation. In order to learn the current business processes and the requirements of travel agencies, interviews and questionnaires will he conducted, business processes will be observed and existing reports, forms and procedures will be reviewed. Competitive strength of Romanian Small and Medium-sized Tourism Enterprises (SMTEs lies in competitive advantages and distinctive competencies that we possess in relation to other competitors. The paper also focuses on the question: what could the contribution of Romanian SMTEs to the development and competitiveness of tourism destination be?

  8. The 2014 Global Tax Competitiveness Report: A Proposed Business Tax Reform Agenda

    Duanjie Chen


    Full Text Available Canada is losing its edge in the competition for global capital. After a decade of remarkable progress in reducing the tax burden on business investment — moving from one of the least tax-competitive jurisdictions among its industrialized peers in 2000, to ranking in the middle of the pack by 2011 — Canada has slipped by largely standing still. As other countries in our peer group have continued to reform their business-tax regimes, they have surpassed Canada, which has slid from having the 19th-highest tax burden on investments by medium-sized and large corporations in 2012, to the 14th-highest among 34 OECD countries in 2014. Even more worrying is that Canada’s political currents are running the wrong way, with a few provinces having increased taxes on capital in recent years and a number of politicians today floating the possibility of even higher business taxes to help address budgetary strains. But the right approach to raising tax revenue and improving the economy is quite the opposite: lowering rates and broadening the tax base by making Canadian jurisdictions even more attractive to corporate investment. An important step towards that would be for federal and provincial governments to reduce targeted tax assistance and to level the tax field for all industries and sizes of businesses, ending the preferential treatment of favoured industries and small enterprises. In addition, those provinces that have yet to harmonize their sales tax with the federal GST should do so, or at least consider adopting a quasi-refund system that would relieve the provincial sales tax on capital inputs. Alberta, with no sales tax, could become more competitive by adopting an HST and using the proceeds to reduce personal and corporate taxes. Finally, Canada would do much better to mandate a uniform corporate tax rate, with an 11 per cent federal rate and a nine per cent average provincial rate. This would encourage capital investment and attract corporate

  9. Contagion effects of the global financial crisis in us and European real economy sectors

    Kenourgios Dimitris


    Full Text Available This paper empirically investigates the contagion effects of the Global Financial Crisis (2007-2009 from the financial sector to the real economy by examining nine sectors of US and developed European region. We provide a regional analysis by testing stock market contagion on the aggregate level and the sector level, on the global level and the domestic/regional level. Results show evidence of global contagion in US and developed European aggregate stock market indices and all US sector indices, implying the limited benefits of portfolio diversification. On the other hand, most of the European regional sectors seem to be immune to the adverse effects of the crisis. Finally, all non-financial sectors of both geographical areas seem to be unaffected by their domestic financial systems. These findings have important implications for policy makers, investors and international organizations.

  10. Environmental and Health Benefits and Risks of a Global Hydrogen Economy

    Dubey, M.; Horowitz, L. W.; Rahn, T. A.; Kinnison, D. E.


    Rapid development in hydrogen fuel-cell technologies will create a strong impetus for a massive hydrogen supply and distribution infrastructure in the coming decades. Hydrogen provides an efficient energy carrier that promises to enhance urban and regional air quality that will benefit human health. It could also reduce risks of climate change if large-scale hydrogen production by renewable or nuclear energy sources becomes viable. While it is well known that the byproduct of energy produced from hydrogen is water vapor, it is not well known that the storage and transfer of hydrogen is inevitably accompanied by measurable leakage of hydrogen. Unintended consequences of hydrogen leakage include reduction in global oxidative capacity, changes in tropospheric ozone, and increase in stratospheric water that would exacerbate halogen induced ozone losses as well as impact the earth's radiation budget and climate. Stratospheric ozone depletion would increase exposure to harmful ultraviolet radiation and increased risk to melanoma. We construct plausible global hydrogen energy use and leak scenarios and assess their impacts using global 3-D simulations by the Model for Ozone And Related Trace species (MOZART). The hydrogen fluxes and photochemistry in our model successfully reproduce the contemporary hydrogen cycle as observed by a network of remote global stations. Our intent is to determine environmentally tolerable leak rates and also facilitate a gradual phasing in of a hydrogen economy over the next several decades as the elimination of the use of halocarbons gradually reduces halogen induced stratospheric ozone loss rates. We stress that the future evolution of microbial soil sink of hydrogen that determines its current lifetime (about 2 years) is the principal source of uncertainty in our assessment. We propose global monitoring of hydrogen and its deuterium content to define a baseline and track its budget to responsibly prepare for a global hydrogen economy.

  11. Reaping Environmental Benefits of a Global Hydrogen Economy: How Large, Fow Soon, and at What Risks?

    Dubey, M. K.; Horowitz, L. W.; Rahn, T. A.; Kinnison, D. E.


    The Western world has taken an aggressive posture to transition to a global hydrogen economy. While numerous technical challenges need to be addressed to achieve this it is timely to examine the environmental benefits and risks of this transition. Hydrogen provides an efficient energy carrier that promises to enhance urban and regional air quality that will benefit human health. It could also reduce risks of climate change if large-scale hydrogen production by renewable or nuclear energy sources becomes viable. While it is well known that the byproduct of energy produced from hydrogen is water vapor, it is not well known that the storage and transfer of hydrogen is inevitably accompanied by measurable leakage of hydrogen. Unintended consequences of hydrogen leakage include reduction in global oxidative capacity, changes in tropospheric ozone, and increase in stratospheric water that would exacerbate halogen induced ozone losses as well as impact the earth's radiation budget and climate. We construct plausible global hydrogen energy use and leak scenarios and assess their impacts using global 3-D simulations by the Model for Ozone And Related Trace species (MOZART). The hydrogen fluxes and photochemistry in our model successfully reproduce the contemporary hydrogen cycle as observed by a network of remote global stations. Our intent is to determine environmentally tolerable leak rates and also facilitate a gradual phasing in of a hydrogen economy over the next several decades as the elimination of the use of halocarbons gradually reduces halogen induced stratospheric ozone loss rates. We stress that the leak rates in global hydrogen infrastructure and the future evolution of microbial soil sink of hydrogen that determines its current lifetime (about 2 years) are principal sources of uncertainty in our assessment.

  12. Does global sourcing pay-off? A competitive dynamics perspective

    Vos, Frederik Guido Sebastiaan; Scheffler, Paul; Schiele, Holger; Horn, Philipp


    The supposed benefits of global sourcing in supply chain management remain subject to debate. Here this study investigates the potential benefits of global sourcing using a large dataset obtained from a leading European automotive original equipment manufacturer, spanning a period of five years.

  13. Space commerce in a global economy - Comparison of international approaches to commercial space

    Stone, Barbara A.; Kleber, Peter


    A historical perspective, current status, and comparison of national government/commercial space industry relationships in the United States and Europe are presented. It is noted that space technology has been developed and used primarily to meet the needs of civil and military government initiatives. Two future trends of space technology development include new space enterprises, and the national drive to achieve a more competitive global economic position.

  14. Global Carbon Fiber Composites. Supply Chain Competitiveness Analysis

    Das, Sujit [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Warren, Joshua A. [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); West, Devin [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Schexnayder, Susan M. [Univ. of Tennessee, Knoxville, TN (United States)


    The objective of this study is to identify key opportunities in the carbon fiber (CF) supply chain where resources and investments can help advance the clean energy economy. The report focuses on four application areas—wind energy, aerospace, automotive, and pressure vessels—that top the list of industries using CF and carbon fiber reinforced polymers (CFRP) and are particularly relevant to the mission of U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy (DOE EERE). For each of the four application areas, the report addresses the supply and demand trends within that sector, supply chain, and costs of carbon fiber and components.

  15. Global Carbon Fiber Composites Supply Chain Competitiveness Analysis

    Das, Sujit [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Warren, Josh [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); West, Devin [Oak Ridge National Lab. (ORNL), Oak Ridge, TN (United States); Schexnayder, Susan M. [Univ. of Tennessee, Knoxville, TN (United States)


    This study identifies key opportunities in the carbon fiber supply chain where the United States Department of Energy's Office of Energy Efficiency and Renewable Energy resources and investments can help the United States achieve or maintain a competitive advantage. The report focuses on four application areas--wind energy, aerospace, automotive, and pressure vessels--that top the list of industries using carbon fiber and carbon fiber reinforced polymers and are also particularly relevant to EERE's mission. For each of the four application areas, the report addresses the supply and demand trends within that sector, supply chain, and costs of carbon fiber and components, all contributing to a competitiveness assessment that addresses the United States' role in future industry growth. This report was prepared by researchers at Oak Ridge National Laboratory and the University of Tennessee for the Clean Energy Manufacturing Analysis Center.

  16. A Strategic Differentiator in Global Competition: Talent Management

    Mehmet Saim Aşçı


    Full Text Available When the gift called talent meets success, it becomes so intense that no force in the world can stop it. If one works with a team with the right talents, the decision-making and implementation processes will be much faster. Companies focus on capital, information technologies, equipment and top quality processes and act accordingly, but the most important factor of all is “human”. What makes good companies truly big is their ability to attract and keep the right talents. It is difficult to find young talents, and it is even more difficult to retain them. To maintain a competitive advantage in today’s world, retaining the best talents in the organization with commitment is just as important as finding them. Today, the best and the brightest must be included in the team to maintain a competitive advantage. Companies that lose their key employees may miss very important business opportunities. The realization that the most important source that feeds the sustai-nable competitive advantage is talent has led the management to focus all its attention on talents. The increase in the importance attached to talent has helped employees have improved self-confidence and allowed them to turn their creativity into a competitive advantage. From this perspective, talents have allowed for the introduction of new approaches for employees in the management process. This study attempts to explain concepts of functionality, vitality, developing commitment, creating engagement, accountability, which are the key success factors of talent management processes, as well as obstacles to and disadvantages of talent management.

  17. Assessment of impact of strong earthquakes to the global economy by example of Thoku event

    Tatiana, Skufina; Peter, Skuf'in; Sergey, Baranov; Vera, Samarina; Taisiya, Shatalova


    We examine the economic consequences of strong earthquakes by example of M9 Tahoku one that occurred on March 11, 2011 close to the northeast shore of Japanese coast Honshu. This earthquake became the strongest in the whole history of the seismological observations in this part of the planet. The generated tsunami killed more than 15,700 people, damaged 332,395 buildings and 2,126 roads. The total economic loss in Japan was estimated at 309 billion. The catastrophe in Japan also impacted global economy. To estimate its impact, we used regional and global stock indexes, production indexes, stock prices of the main Japanese, European and US companies, import and export dynamics, as well as the data provided by the custom of Japan. We also demonstrated that the catastrophe substantially affected the markets and on the short run in some indicators it even exceeded the effect of the global financial crisis of 2008. The last strong earthquake occurred in Nepal (25.04.2015, M7.8) and Chile (16.09.2015, M8.3), both actualized the research of cost assessments of the overall economic impact of seismic hazard. We concluded that it is necessary to treat strong earthquakes as one very important factor that affects the world economy depending on their location. The research was supported by Russian Foundation for Basic Research (Project 16-06-00056A).

  18. Long-run evolution of the global economy - Part 2: Hindcasts of innovation and growth

    Garrett, T. J.


    Long-range climate forecasts use integrated assessment models to link the global economy to greenhouse gas emissions. This paper evaluates an alternative economic framework outlined in part 1 of this study (Garrett, 2014) that approaches the global economy using purely physical principles rather than explicitly resolved societal dynamics. If this model is initialized with economic data from the 1950s, it yields hindcasts for how fast global economic production and energy consumption grew between 2000 and 2010 with skill scores > 90 % relative to a model of persistence in trends. The model appears to attain high skill partly because there was a strong impulse of discovery of fossil fuel energy reserves in the mid-twentieth century that helped civilization to grow rapidly as a deterministic physical response. Forecasting the coming century may prove more of a challenge because the effect of the energy impulse appears to have nearly run its course. Nonetheless, an understanding of the external forces that drive civilization may help development of constrained futures for the coupled evolution of civilization and climate during the Anthropocene.

  19. Export competitiveness of dairy products on global markets: the case of the European Union countries.

    Bojnec, Š; Fertő, I


    This paper analyzed the export competitiveness of dairy products of the European Union (EU) countries (EU-27) on intra-EU, extra-EU, and global markets, using the revealed comparative advantage index over the 2000-2011 period. The results indicated that about half of the EU-27 countries have had competitive exports in a certain segment of dairy products. The results differed by level of milk processing and for intra-EU and extra-EU markets, and did so over the analyzed years. Belgium, Denmark, France, Ireland, and the Netherlands are old EU-15 countries with competitive dairy exports (from the lowest to the highest according to the level of milk processing). The majority of the new EU-12 countries have faced difficulties in maintaining their level of export competitiveness, at least for some dairy products and market segments. The more competitive EU-12 countries in dairy exports were the Baltic States (Estonia, Latvia, and Lithuania) and Poland. The duration of export competitiveness differed across the dairy groups of products according to the level of milk processing, indicating the importance of dairy chain product differentiation for export competitiveness and specialization. The export competitiveness of the higher level of processed milk products for final consumption can be significant for export dairy chain competitiveness on global markets. Copyright © 2014 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.


    Ion IGNAT


    Full Text Available The paper aims to analyze the new realities and trends related to the new polarity of the global economy, and thus the reconfiguration of global power centers, a process characterized by two simultaneous trends: the rise of new powers and the relative decline of traditional powers. At the beginning of 21st century, global power is suffering two major changes: on the one hand it manifests a transition from West to East, from Atlantic to the Asia-Pacific, and on the other hand, a diffusion from state to non-state actors. Current global economic power has a multipolar distribution, shared between the United States, European Union, Japan and BRICs, with no balance of power between these poles, opposed by the strong ambition of rising countries, China especially, China that rivals the traditional powers represented by the developed countries. The evolution of the main macroeconomic indicators given by the most important global organizations, shows a gradual transition towards a multipolar world. Therefore, the United States is and will remain for a long period of time the global economic leader. However, as China, India and Brazil are growing rapidly, and Russia is looking for lost status, the world is becoming multipolar.

  1. Scale and Scope Economies in the Global Advertising and Marketing Services Business

    Alvin J. Silk; Ernst R. Berndt


    We assess size and scope-related economies in the global advertising and marketing services business. A translog cost function is employed wherein a firm's costs vary according to its scale and two dimensions of the scope of its operations. Parameters of the model are estimated via three stage least squares using annual data for 1989-2001 for an unbalanced panel consisting of the eight largest firms in this industry. A firm's total variable costs are affected by its scale, scope (mix of servi...

  2. It is desirable allocative function of the food market in a global economy?

    Leon Rodriguez, Nohra


    This article brings forth the free market influence on product patterns, agricultural output quantities and prices in the global economy? casting doubt over the allocative efficiency of markets and intending to outline some risks brought on by excessive reliance on free markets regarding consumer welfare, food security and negative impact on the environment and sustainable economic growth. As the main analytic element it is presented the preeminence of agricultural food multinational producers, as well as the scale of their influence in terms of product supply and commercialization, responding exclusively to profit maximization incentives without taking into account their role in terms of food nutrition patterns and production




    Global Entrepreneurship and Development Index or the Global Entrepreneurship and Development Index (GEDI) In 2013 positioned Indonesia at ranked 76 of 118 countries. Compared with the ASEAN countries, the position are still far below Singapore (13), and still below Malaysia (57), Brunei Darussalam (58), Thailand (65). This fact shows that Indonesia has not been optimal in building its entrepreneurial yet. To enhance the development of entrepreneurship, the Indonesian government has launched a...

  4. The informal economy employment impacts of trade liberalization & increased competition in export markets

    Morocco and United States. The overall logic of such measures was that liberalization and privatization would stimulate trade, support the requested modernization of the production systems and infrastructures, and enhance public administrations and services as well. Positive impacts on income, employments...... and privatization processes were implemented at the international level by the WTO's, at regional level by the establishment of free trade agreements between individual states on the southern and eastern Mediterranean rim and the EU [under the Barcelona Process] and by bilateral agreements as the one signed between...... to focus on the impacts of restructuring in the formal textile and clothing sectors (TC) which is the major employer in three Maghrib countries: Algeria, Morocco and Tunisia. The textile and clothing sectors have been particularly exposed to increased competition in foreign and/or domestic markets...

  5. The Politics of Global Indicators in Designing, Promoting and Legitimating the Competition State

    Diego Giannone


    Full Text Available Global indicators of state's performance have grown exponentially over the last three dec-ades. Issues such as economic freedom, competitiveness, property rights, business environment, credit-worthiness, democracy, governance, transparency and media freedom have become central topics of several global benchmarks focused on the evaluation of the state. The objective of this paper is to analyze the reasons behind this phenomenon, investigating the role of those global indicators in world politics and the shaping of an "ideal state". In the first section, the study emphasizes that the global diffusion of rankings and ratings is primarily linked to the rise of neoliberalism. Drawing on Michel Foucault's work on governmentality, global indicators are conceived as specific apparatuses of neoliberal rationality that help to conform states' polities and policies to the twin neoliberal principles of competitiveness and en-trepreneurship. The second section describes the often contradictory construction of the neoliberal com-petition state. Then the study analyzes how the neoliberal state is forged by global indicators. Specifically, the paper focuses on the Global Competitiveness Index by the World Economic Forum. The article ends with some concluding remarks on the power of global indicators and some suggestion for future research.

  6. China’s role in global competition in the wine industry: A new contestant and future trends

    Darryl J Mitry


    Full Text Available Darryl J Mitry1,2, David E Smith2,3, Per V Jenster3,41Norwich University, Graduate School Faculty, Northfield, VT, USA; 2National University, San Diego, California, USA; 3Copenhagen Business School, Copenhagen, Denmark; 4China Europe International Business School, Shanghai, People’s Republic of ChinaAbstract: The producers in the wine industry are competing in an increasingly global marketplace. More specifically this article is interested in China’s wine market and the role of China in global competitive strategies. The phenomenal growth of the Chinese economy over the past decade has encouraged international suppliers to enter the Chinese market. International wine suppliers lust after a huge potential market in a country of over 1,300,000,000 people. Simultaneously, there has also been a significant growth of production and marketing of wines by Chinese-owned wineries. This contribution explores the implications of China’s marketplace and also China as a creative and strategic producer.Keywords: China, wine, competition

  7. Electric power and the global economy: Advances in database construction and sector representation

    Peters, Jeffrey C.

    The electricity sector plays a crucial role in the global economy. The sector is a major consumer of fossil fuel resources, producer of greenhouse gas emissions, and an important indicator and correlate of economic development. As such, the sector is a primary target for policy-makers seeking to address these issues. The sector is also experiencing rapid technological change in generation (e.g. renewables), primary inputs (e.g. horizontal drilling and hydraulic fracturing), and end-use efficiency. This dissertation seeks to further our understanding of the role of the electricity sector as part of the dynamic global energy-economy, which requires significant research advances in both database construction and modeling techniques. Chapter 2 identifies useful engineering-level data and presents a novel matrix balancing method for integrating these data in global economic databases. Chapter 3 demonstrates the relationship between matrix balancing method and modeling results, and Chapter 4 presents the full construction methodology for GTAP-Power, the foremost, publicly-available global computable general equilibrium database. Chapter 5 presents an electricity-detailed computational equilibrium model that explicitly and endogenously captures capacity utilization, capacity expansion, and their interdependency - important aspects of technological substitution in the electricity sector. The individual, but interrelated, research contributions to database construction and electricity modeling in computational equilibrium are placed in the context of analyzing the US EPA Clean Power Plan (CPP) CO 2 target of 32 percent reduction of CO2 emissions in the US electricity sector from a 2005 baseline by 2030. Assuming current fuel prices, the model predicts an almost 28 percent CO2 reduction without further policy intervention. Next, a carbon tax and investment subsidies for renewable technologies to meet the CPP full targets are imposed and compared (Chapter 6). The carbon tax

  8. Understanding health systems, health economies and globalization: the need for social science perspectives.

    Murray, Susan F; Bisht, Ramila; Baru, Rama; Pitchforth, Emma


    The complex relationship between globalization and health calls for research from many disciplinary and methodological perspectives. This editorial gives an overview of the content trajectory of the interdisciplinary journal 'Globalization and Health' over the first six years of production, 2005 to 2010. The findings show that bio-medical and population health perspectives have been dominant but that social science perspectives have become more evident in recent years. The types of paper published have also changed, with a growing proportion of empirical studies. A special issue on 'Health systems, health economies and globalization: social science perspectives' is introduced, a collection of contributions written from the vantage points of economics, political science, psychology, sociology, business studies, social policy and research policy. The papers concern a range of issues pertaining to the globalization of healthcare markets and governance and regulation issues. They highlight the important contribution that can be made by the social sciences to this field, and also the practical and methodological challenges implicit in the study of globalization and health.

  9. Understanding health systems, health economies and globalization: the need for social science perspectives

    Murray Susan F


    Full Text Available Abstract The complex relationship between globalization and health calls for research from many disciplinary and methodological perspectives. This editorial gives an overview of the content trajectory of the interdisciplinary journal ‘Globalization and Health’ over the first six years of production, 2005 to 2010. The findings show that bio-medical and population health perspectives have been dominant but that social science perspectives have become more evident in recent years. The types of paper published have also changed, with a growing proportion of empirical studies. A special issue on ‘Health systems, health economies and globalization: social science perspectives’ is introduced, a collection of contributions written from the vantage points of economics, political science, psychology, sociology, business studies, social policy and research policy. The papers concern a range of issues pertaining to the globalization of healthcare markets and governance and regulation issues. They highlight the important contribution that can be made by the social sciences to this field, and also the practical and methodological challenges implicit in the study of globalization and health.

  10. Globalization of the economy and women's work in a sustainable society.

    Mies, M


    This article critiques theories of development and growth models, which are not compatible with conservation of resources, women's empowerment, and a sustainable society. Affluent societies are using up most of the world's resources in unsustainable ways. Industrial giants have co-opted the term "sustainability." This gender discussion addresses the issue of patriarchal and capitalist systems and presents a new theoretical framework. The author disagrees with the global division of labor, where women are manipulated as producer-housewives and consumer-housewives, and with the global level of violence against women, in general. Gender equality is not viable in the present patriarchal order. In all economic theories, women's work is a free resource and invisible as unpaid housework and nurturing work. The globalization of the economy leads to greater capital and power concentration in the hands of a few. Women are ill served by structural adjustment policies. New global restructuring has improved the welfare of Third World elites. Globalization of capital and new technology makes ethics obsolete. A new economic model must be based on the preservation of life at the center, with livelihood based on wage labor and unpaid work, control of communal assets, and solidarity of communities. Unpaid necessary social labor must be shared by men and women equally. The checklist for change includes, for example, that money would be a means of circulation, not of accumulation. Nature would be reintegrated into economics. There must be new meanings for work, productive labor, economics, the good life, satisfaction of needs, and political structures.

  11. Long-run evolution of the global economy: 2. Hindcasts of innovation and growth

    Garrett, T. J.


    Long-range climate forecasts rely upon integrated assessment models that link the global economy to greenhouse gas emissions. This paper evaluates an alternative economic framework, outlined in Part 1, that is based on physical principles rather than explicitly resolved societal dynamics. Relative to a reference model of persistence in trends, model hindcasts that are initialized with data from 1950 to 1960 reproduce trends in global economic production and energy consumption between 2000 and 2010 with a skill score greater than 90%. In part, such high skill appears to be because civilization has responded to an impulse of fossil fuel discovery in the mid-twentieth century. Forecasting the coming century will be more of a challenge because the effect of the impulse appears to have nearly run its course. Nonetheless, the model offers physically constrained futures for the coupled evolution of civilization and climate during the Anthropocene.

  12. The competitiveness of Eurozone periphery countries’ economies and their debt problems

    Dementiev N. P.


    Full Text Available The article describes that after the periphery PIGS countries (Portugal, Ireland, Greece and Spain joined the Eurozone, several factors previously improving PIGS' export competitiveness (undervalued national currency, protective customs duty, low compensation of employees no longer work. It is revealed that in the pre-crisis years the rapid GDP growth in PIGS took place considerably by means of foreign loans. Moreover, external debt bubbles grew: high rates of economic growth facilitated the inflow of new foreign money used for both reinvestment and current external debt service. Besides, the share of «tradable» goods (that can be moved between countries and internationally traded decreased in the GDP structures of PIGS. During the crisis, the PIGS' economic situation got worse (growth of external and public debts, decline in the GDP and in the investments, high unemployment. Conclusion: the Eurozone should either strengthen the integration (to increase the unification of laws in the economic and social spheres, to tighten control by the Eurozone central authorities, or get rid of the troubled countries. Otherwise, the current crisis, repeatedly flaring and fading, will persist for a long time.


    Dementiev N. P.


    Full Text Available The article describes that after the periphery PIGS countries (Portugal, Ireland, Greece and Spain joined the Eurozone, several factors previously improving PIGS' export competitiveness (undervalued national currency, protective customs duty, low compensation of employees no longer work. It is revealed that in the pre-crisis years the rapid GDP growth in PIGS took place considerably by means of foreign loans. Moreover, external debt bubbles grew: high rates of economic growth facilitated the inflow of new foreign money used for both reinvestment and current external debt service. Besides, the share of «tradable» goods (that can be moved between countries and internationally traded decreased in the GDP structures of PIGS. During the crisis, the PIGS' economic situation got worse (growth of external and public debts, decline in the GDP and in the investments, high unemployment. Conclusion: the Eurozone should either strengthen the integration (to increase the unification of laws in the economic and social spheres, to tighten control by the Eurozone central authorities, or get rid of the troubled countries. Otherwise, the current crisis, repeatedly flaring and fading, will persist for a long time.

  14. Animal Spirits: How Human Psychology Drives the Economy, and Why it Matters for Global Capitalism

    Shiller, Robert J. (Yale)


    In his lecture, Shiller will discuss the premise of his 2009 book, coauthored with the Nobel Prize-winning economist George A. Akerlof. Winner of the getAbstract International Book Award and the 2009 TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security, the book, which has the same title as Shiller's lecture, discusses how "animal spirits," or human emotions such as confidence, fear, and a concern for fairness, drive financial events, including today's global financial crisis. John Maynard Keynes coined the phrase "animal spirits" to describe the changing psychology that led to the Great Depression and the recovery from it. Like Keynes, Shiller and Akerlof believe that government intervention is necessary to overcome the adverse effects on the economy brought about by unruly and irrational human emotions. In his talk, Shiller will explain how "animal spirits" lead to adverse economic effects, and he will outline his insights on how the global economy can recover from its recent setbacks.

  15. Competition and Constraint : Economic Globalization and Human Resource Practices in 23 European Countries

    Koster, Ferry; Wittek, Rafael


    Economic globalization is often considered to be one of the main causes of recent changes in the workplace and the way in which organizations manage their human resources. Nevertheless, an empirical study putting this claim to the test by relating the internationalization of the economy to the use

  16. Probabilistic energy forecasting: Global Energy Forecasting Competition 2014 and beyond

    Hong, Tao; Pinson, Pierre; Fan, Shu


    The energy industry has been going through a significant modernization process over the last decade. Its infrastructure is being upgraded rapidly. The supply, demand and prices are becoming more volatile and less predictable than ever before. Even its business model is being challenged fundamenta......The energy industry has been going through a significant modernization process over the last decade. Its infrastructure is being upgraded rapidly. The supply, demand and prices are becoming more volatile and less predictable than ever before. Even its business model is being challenged...... fundamentally. In this competitive and dynamic environment, many decision-making processes rely on probabilistic forecasts to quantify the uncertain future. Although most of the papers in the energy forecasting literature focus on point or singlevalued forecasts, the research interest in probabilistic energy...




    Full Text Available The article explains the impact of the globalization processes in Ukraine's economy on the development of accounting reports systems. Also described is the essence of harmonization and standardization of accounting reports and financial reports. There are four scientific positions known that characterize standardization records worldwide. There are submitted proposals regarding accounting reports regulation in Ukraine in terms of economic globalization.


    Irina NICOLAU


    Full Text Available In the past years, in the light of the economic turbulences all around the world, one of the most important ways to assure a competitive advantage is creating a strategic alliance. Such collaborative ventures between firms were developed as a response to the changes which have been happening to the world economy as increased competition, higher costs of developing new products, accelerated technological changes and, maybe the most important – the recent world economic crises. Being part of a strategic alliance creates competitive advantage for the companies by establishing their presence worldwide, by building up operating experience in overseas markets and gaining access to those national markets that were inaccessible before. At the same time, a strategic alliance means management commitment, special skills and forward planning for each company which takes part to an alliance.

  19. The impact of the energy cost on the competitiveness of the manufacturing industry. A review of the contributions of research in economy

    Bordigoni, Mathieu


    After a large introduction on the variations of energy prices (in relationship with energy sources, with end users, with competitiveness), on what can be found in the literature on competitiveness in the industry in relationship with energy, and on the current debates on energy prices and energy transition, this report discusses the variations of energy prices among countries and among industrial sectors, outlines that high oil prices threaten more economic growth than competitiveness, notices that countries possessing abundant energy resources tend to be specialised in intensive industries, that energy prices tends to have an important impact on competitiveness in some specific sectors, outlines that shale gases boost the demand of the whole American economy but that the associated competitiveness improvement rather concerns energy intensive sectors, and finally discusses the energy issue at a European level

  20. Australian Medical Students' Association Global Health Essay Competition - Global climate change, geo-engineering and human health.

    Boyages, Costa S


    Rio+20's proposed Sustainable Development Goals have the potential to redefine the course of international action on climate change. They recognise that environmental health is inextricably linked with human health, and that environmental sustainability is of paramount importance in safeguarding global health. Competition entrants were asked to discuss ways of making global health a central component of international sustainable development initiatives and environmental policy, using one or two concrete examples

  1. Legal and policy foundations for global generic competition: Promoting affordable drug pricing in developing societies.

    Zapatero Miguel, Pablo


    The so-called 'TRIPS flexibilities' restated in 2001 by the World Trade Organization's Doha Declaration on TRIPS and Public Health offer a variety of policy avenues for promoting global price-based competition for essential medicines, and thus for improving access to affordable medicines in the developing world. In recent years, developing countries and international organisations alike have begun to explore the potentialities of global generic markets and competition generally, and also of using compulsory licensing to remedy anti-competitive practices (e.g. excessive pricing) through TRIPS-compatible antitrust enforcement. These and other 'pro-competitive' TRIPS flexibilities currently available provide the critical leverage and policy space necessary to improve access to affordable medicines in the developing world.


    Oleg M. Tolmachev


    Full Text Available The subject / topic: The level of development of any country is currently determined by the proportion of high technologies in the GDP. Logistics – the basis for efficient management of modern knowledge-intensive production. Given the adverse conditions in the global economy, greatly enhanced the relevance of the study of logistical aspects in the management of high-tech products.Subject of research: The logistics management of production of high technology products in turbulence changing global economy. In this paper we apply scientific methods: the dialectic, comparisons and analogies, analysis and synthesis, deduction and induction, abstract , logical, historical and retrospective. The purpose of this article is to identify the characteristics and problems of logistics management of production of high technology products in the countries of the Customs Union and the Eastern Partnership. Also consider the role of clusters in the formation of innovation infrastructure in the countries of the Customs Union.Results: As part of the presentation was the author of the present article the urgency of application of CALS-technologies as a tool for organization and information support for the creation, production and operation of the product at the enterprises of the national economy.Conclusions / significance: Management of enterprises in the real sector of the economy in modern conditions should be based on synergies methodological principles of market and state regulation, with increased use of methods focused on the long term. By such methods, in particular, should include the methods of logistic management of production of high technology products. The importance of these technologies has increased steadily, and in modern conditions gets a new quality content that refl ects the phased development plan targeted action to ensure that the desired state of the enterprise as a socio-economic system. This in turn points to the need to ensure that new

  3. Global attractivity of an almost periodic N-species nonlinear ecological competitive model

    Xia, Yonghui; Han, Maoan; Huang, Zhenkun


    By using comparison theorem and constructing suitable Lyapunov functional, we study the following almost periodic nonlinear N-species competitive Lotka-Volterra model: A set of sufficient conditions is obtained for the existence and global attractivity of a unique positive almost periodic solution of the above model. As applications, some special competition models are studied again, our new results improve and generalize former results. Examples and their simulations show the feasibility of our main results.

  4. The role of coal in the US energy economy: Interfuel competition, environmental concerns, and the impact of utility restructuring

    Raschke, M.G.


    This paper briefly examines the role coal plays in the US energy economy and its competition with nuclear power, and then in greater detail the impact of environmental regulation, changes in utility regulation, and inter fuel competition on the future of coal. The US as the world's number two coal producer, shares many of the same problems and concerns as China, the world's number one coal producer. The use of coal in electric generation has been and will continue to be the only growth sector for the coal industry. The steel industry remains in permanent long-term decline. Forecasts vary, but there are indications that even in conservative forecasts, there is more down side risk than upside potential. Poor performance in the nuclear power sector can be expected to favorably impact coal consumption in the long term. Continued escalation of operating costs could erode any cost advantage that nuclear plants currently enjoy. However, environmental concerns could also escalate operating costs for coal fired plants. Also, concern over the greenhouse effect may lead policy makers to reexamine the nuclear option of inherently safe reactors. The greatest challenge to expanded use of coal comes from environmental concerns. Acid rain is a complex political, economic, and scientific issue. Clean coal technologies are seen by many as the answer to the threat posed by various forms of clean air legislation and regulation. Significant changes in the regulatory environment for electric and gas utilities and technological developments are likely in the 1990's to alter the nature of the electric generation industry

  5. Law, Contestation, and Power in the Global Political Economy: An Introduction.

    Edward S. Cohen


    Full Text Available The papers included in this collection are part of concerted project to develop a political economy of law in the contemporary global system. Over the past two decades, scholars have noted the expanding role of law, legal institutions, and legal agents that have been part of the process of “globalization,” and have employed a number of frameworks to make sense of this process of legalization. A central theme of our project is that none of these frameworks has provided an adequate political economic analysis of the creation, diffusion, and use of law, and we present an alternative approach to advance the understanding of the turn to law across the many dimensions and sectors of the global system. The papers advance the analysis behind this approach and explore the various ways in which law matters in a variety of areas, including global finance, corporate governance, copyright, diplomacy, and the provision of security. Their goal is to advance our understanding of how law intersects with the mobilization of power in the construction of the contemporary political economy. Los trabajos incluidos en esta colección son parte de un proyecto conjunto para desarrollar una economía política de la ley en el sistema mundial contemporáneo. En las últimas dos décadas, los expertos han señalado el creciente papel de la ley, las instituciones legales, y los agentes judiciales que han sido parte del proceso de "globalización", y han empleado una serie de marcos para dar sentido a este proceso de legalización. Un tema central de nuestro proyecto es que ninguno de estos marcos ha proporcionado un adecuado análisis económico político de la creación, difusión y uso de la ley, y se presenta un enfoque alternativo para avanzar en la comprensión de la vuelta a la ley a través de las muchas dimensiones y sectores del sistema global. Los trabajos avanzan el análisis de este enfoque y exploran las diversas formas en que la ley importa en una variedad

  6. Coordination in International Manufacturing: The Role of Competitive Priorities and the Focus of Globally Dispersed Facilities

    Ahmed Sayem


    Full Text Available In this era of globalization, network integration has received great attention, as it certainly has implications for the competitiveness in international manufacturing. A key issue in integration is to coordinate activities of dispersed facilities in a way to align the target of locating abroad and the priorities to be competitive. This study explores and clarifies the effect of competitive priority and focus of dispersed facilities on coordinating the activities in intra-firm network manufacturing. Based on a multiple case study involving four different companies manufacturing in globally dispersed facilities, the results confirm that both competitive priorities and specific focus of global manufacturing are important for selecting mechanisms to coordinate overseas facilities, with the competitive priorities ‘quality’ and ‘flexibility’ being the more important. Furthermore, the findings reveal that companies place emphasis on informal mechanisms to coordinate the low-cost focused facilities. In turn, the importance of formal mechanisms seems equal for coordinating both low-cost focused facilities and those focused on capturing a local market. Finally, the findings of this paper suggest that elements of competitive priority, as well as the focus of dispersed facilities, should be considered towards making the choice for mechanisms of coordination. The findings bear important implications for the effective coordination of activities in international manufacturing.

  7. Competitive Strength of Nations: Doing Business in a Global Market

    Nisar Ahmad


    Full Text Available This paper is designed to study strength and capability of nations to do business under a competitive system devised and monitored by the World Trade Organization. The main objective in this attempt is to review and evaluate the impact of WTO’s policies on the economic welfare of the developing countries and to see how far the producers on the one side and consumers on the other side have benefitted in general. The study while reviewing historical experiences of countries under laissez-faire policies, examined the effectiveness of the negotiations carried out by the WTO for enhancing international trade. The study found that under the infant industry argument, many of the WTO member countries are still protecting their businesses and violating the laid down principles of free trade. Since the WTO is to promote international trade and watch the interest of the producers, the consumers seem to have been left unattended. As a result of which the corporate sector continues to maintain its hold in protecting their monopolies in various forms. The study strongly recommends consumer protection rather than producer protection as the fundamental goal for the WTO to keep in view in its policy prescriptions.

  8. Relationship Between Competitive Strategies and the Success Perception of Polish Born Globals

    Baranowska-Prokop Ewa


    Full Text Available The key objective of this paper is to describe and evaluate the competitive strategies applied by Polish born global enterprises. To reveal these strategies, two competitive models developed by M.E. Porter are applied to an original data set obtained from 256 small and medium Polish enterprises through a survey employing the CATI technique. The outcomes of these strategies, as perceived by the companies applying them, are also evaluated against two hypotheses. We conclude that Polish firms apply both basic strategies of competition, i.e. cost leadership strategies and differentiation strategies and that a substantial majority of companies perceive themselves to have succeeded on the market.

  9. Competition

    Bridoux, F.; Vodosek, M.; Den Hartog, D.N.; McNett, J.M.


    Competition traditionally refers to the actions that firms take in a product market to outperform rivals in attracting customers and generating revenues. Yet, competition extends beyond product markets to other arenas such as factor markets, where firms compete for resources, and the political

  10. Competitiveness and Campaign '88.

    Kernan-Schloss, Adam, Ed.; And Others

    This report profiles the positions of the six Democratic and six Republican 1988 presidential candidates on policy issues affecting U.S. competitiveness in the global economy. Candidate profiles are provided for: Bruce Babbitt, Michael Dukakis, Richard Gephardt, Albert Gore, Jr., Jesse Jackson, and Paul Simon (Democrats); and George Bush, Robert…

  11. Global properties of symmetric competition models with riddling and blowout phenomena

    Giant-italo Bischi


    Full Text Available In this paper the problem of chaos synchronization, and the related phenomena of riddling, blowout and on–off intermittency, are considered for discrete time competition models with identical competitors. The global properties which determine the different effects of riddling and blowout bifurcations are studied by the method of critical curves, a tool for the study of the global dynamical properties of two-dimensional noninvertible maps. These techniques are applied to the study of a dynamic market-share competition model.

  12. Sustainable Mobility: Using a Global Energy Model to Inform Vehicle Technology Choices in a Decarbonized Economy

    Timothy Wallington


    Full Text Available The reduction of CO2 emissions associated with vehicle use is an important element of a global transition to sustainable mobility and is a major long-term challenge for society. Vehicle and fuel technologies are part of a global energy system, and assessing the impact of the availability of clean energy technologies and advanced vehicle technologies on sustainable mobility is a complex task. The global energy transition (GET model accounts for interactions between the different energy sectors, and we illustrate its use to inform vehicle technology choices in a decarbonizing economy. The aim of this study is to assess how uncertainties in future vehicle technology cost, as well as how developments in other energy sectors, affect cost-effective fuel and vehicle technology choices. Given the uncertainties in future costs and efficiencies for light-duty vehicle and fuel technologies, there is no clear fuel/vehicle technology winner that can be discerned at the present time. We conclude that a portfolio approach with research and development of multiple fuel and vehicle technology pathways is the best way forward to achieve the desired result of affordable and sustainable personal mobility. The practical ramifications of this analysis are illustrated in the portfolio approach to providing sustainable mobility adopted by the Ford Motor Company.

  13. Considerations on the Impact of the Global Financial Crisis on Economies from Eastern Europe

    Lucian Belașcu


    Full Text Available The paper investigates the causes and consequences of the 2007-2008 global financial crisis on five Eastern European countries, namely the Czech Republic, Hungary, Poland, Romania and Russia, with the purpose of identifying the common points and the differences between these economies in terms of crisis impact, with an accent on their capital markets. Our findings indicate that although the countries under scrutiny have displayed somehow different paths of economic development before the crisis, they were affected, to a higher or smaller extent, by the financial crisis. Also, the crisis was felt in these countries, at least in terms of impact on capital markets, with different lags: in some of these countries the crisis hit at beginning of 2008, while in others signs of the crisis were visible only towards the end of 2008.

  14. Nuclear energy-an essential option for sustainable development of global economy

    Tokio Kanoh


    Increased use of nuclear energy is an essential option for us to take the sustainable development of the global economy. The reasons are as follows: 1. Energy demand, especially in oil demand; 2. Environmental impact, especially greenhouse effect and carbon dioxide emissions, CO 2 emissions to be reduced 40% by increased use of nuclear power; 3. In the era of hydrogen, nuclear power can contribute in two ways. One is hydrogen production by electrolysis of water in conventional light water reactors powered by less costly late night electricity and the other by paralysis using high temperature gas produced in a high temperature testing reactor, Electric power consumption will increase 50% from 1990 to 2050. What is striking about his projection is types of fuels in use for power generation at that time which will consist of 60% nuclear, 10% hydro and 10% of other renewable energies. In other words, nearly 80% of fuels will be non-fossil sources

  15. The evolution of sovereign wealth funds and their influence in the global economy. The case of China

    Ioana-Iulica MIHAI


    Full Text Available This paper, through the deductive analysis and the causal explanations, catches the positive and negative character of the Sovereign Wealth Funds development as a relatively new economic tool, but with a strong impact in the global economy, especially in the context of the current financial changes. The benefits brought by them to the global capital market, in terms of increasing liquidity and allotting financial resources, however cannot diminish the fears related to the states holding sovereign funds in the economy of other countries, and in order to give an example we present the case of China.

  16. Entrepreneurship and corporate competitiveness

    Mihailović Božo


    Full Text Available Macroeconomics reforms are not enough for long-range stability. Transition enterprises in domestic economy hasn't prepare itself for the market economy. It has some specific characteristics which are analyzed in this paper. Entrepreneurship is the corner stone for enterprise development in the sense of achieving sustainable competitiveness in the contemporary globalized world economy. There are two possibilities to introduce it in transition enterprises: (a self-development (development by itself or evolution and (b create partnerships or alliance with some reputable competitor. In current situation, author proposal is for the second solution.

  17. Global asymptotic behavior in a Lotka–Volterra competition system with spatio-temporal delays

    Zhang, Jia-Fang; Chen, Heshan


    This paper is concerned with a Lotka–Volterra competition system with spatio-temporal delays. By using the linearization method, we show the local asymptotic behavior of the nonnegative steady-state solutions. Especially, the global asymptotic stability of the positive steady-state solution is investigated by the method of upper and lower solutions. The result of global asymptotic stability implies that the system has no nonconstant positive steady-state solution

  18. Decarbonizing the Global Economy - An Integrated Assessment of Low Carbon Emission Scenarios proposed in Climate Policy

    Hokamp, Sascha; Khabbazan, Mohammad Mohammadi


    In 2015, the Conference of the Parties (COP 21) reaffirmed to targeting the global mean temperature rise below 2 °C in 2100 while finding no consent on decarbonizing the global economy, and instead, the final agreement called for enhanced scientific investigation of low carbon emission scenarios (UNFCC, 2015). In addition, the Climate Action Network International (CAN) proposes Special Reports to address decarbonization and low carbon development including 1.5 °C scenarios (IPCC, 2016). In response to these developments, we investigate whether the carbon emission cuts, in accordance with the recent climate policy proposals, may reach the climate target. To tackle this research question, we employ the coupled climate-energy-economy integrated assessment Model of INvestment and endogenous technological Development (MIND, cf. Edenhofer et al., 2005, Neubersch et al. 2014). Extending MIND's climate module to the two-box version used in the Dynamic Integrated model of Climate and the Economy (DICE, cf. Nordhaus and Sztorc, 2013, Nordhaus 2014), we perform a cost-effectiveness analysis with constraints on anthropogenic carbon emissions. We show that a climate policy scenario with early decarbonization complies with the 2° C climate target, even without Carbon Capturing and Storage (CCS) or negative emissions (see van Vuuren et al., 2013, for negative emissions). However, using emission inertia of 3.7 percent annually, reflecting the inflexibility on transforming the energy sector, we find a climate policy with moderately low emissions from 2100 onwards at a cost in terms of Balanced Growth Equivalents (BGE, cf. Anthoff and Tol, 2009) of 0.764 % that requires an early (2035 vs. 2120) peak of investments in renewable energy production compared to a business-as-usual scenario. Hence, decarbonizing the global economy and achieving the 2 °C target might still be possible before 2100, but the window of opportunity is beginning to close. References: Anthoff, D., and Tol, R


    Oleg Hooke


    Full Text Available In the process of globalization of world economic processes, the role of individual national economies increases, comparative advantages of the development of a country are formed, and their competitiveness is ensured. That is why it is worth emphasizing the importance of increasing the competitiveness of each individual country, based on its internal capacity. In a broad aspect, the competitiveness of the national economy is perceived as the ability of the country to ensure the balance of its external proportions and to avoid those constraints imposed by the foreign economic sphere, to self-organizing the improvement of their world economic ties. The competitiveness of the economy at the macro level is associated with the duration of the cycle of reproduction of the main productive assets and, accordingly, the jobs, productive forces of society and determined by the overall economic efficiency of investment. The criteria of competitiveness of the national economy are the growth of social productivity of labor, increase of social and economic efficiency of production and standard of living of the population. The competitiveness of the national economy determines sustainable socio-economic development of the country, as well as sustainable development predetermines the competitiveness of not only the country, but also all its levels. Scientific results are obtained using special methods of research of economic objects and phenomena, that is, based on the correlation and regressive, comparative analysis (establishing the relationship between the indicator factor, as well as economic modeling. Findings. Generalizing analysis and the importance of the macroeconomic aspect of competitiveness were used in the research paper, which will allow to better respond to the economic situation, in accordance with the trends of the “green” transformation of the economy; which in turn will solve important problems of the development and implementation of its

  20. Cross-Border Higher Education: Global and Local Tensions within Competition and Economic Development

    Owens, Taya L.; Lane, Jason E.


    In this chapter, the authors explore various types of cross-border higher education, considering equity and quality issues within these developments. With a particular focus on international branch campuses, the authors discuss the ways in which global competition for knowledge and economic development interact with tensions at the local level.

  1. Existence and global attractivity of positive periodic solution for competition-predator system with variable delays

    Zhao Hongyong; Ding Nan


    In this paper, Lotka-Volterra competition-predator system with variable delays is considered. Some sufficient conditions ensuring the existence and global attractivity of periodic solution for this system are obtained by using coincidence degree theory and Lyapunov functional method. An example is also worked out to demonstrate the advantages of our results

  2. Managing Human Resource Capabilities for Sustainable Competitive Advantage: An Empirical Analysis from Indian Global Organisations

    Khandekar, Aradhana; Sharma, Anuradha


    Purpose: The purpose of this article is to examine the role of human resource capability (HRC) in organisational performance and sustainable competitive advantage (SCA) in Indian global organisations. Design/Methodology/Approach: To carry out the present study, an empirical research on a random sample of 300 line or human resource managers from…

  3. Interpreting the green economy: emerging discourses and their considerations for the Global South

    Faccer, K


    Full Text Available The green economy concept promises to provide a concrete roadmap to the implementation of sustainable development while delivering significant social and economic benefits and reduced environmental risks. However, the concept of a green economy...

  4. Emerging from the tragedies in Bangladesh: a challenge to voluntarism in the global economy.

    Claeson, Björn Skorpen


    Under the regime of private company or multi-stakeholder voluntary codes of conduct and industry social auditing, workers have absorbed low wages and unsafe and abusive conditions; labor leaders and union members have become the targets of both government and factory harassment and violence; and trade union power has waned. Nowhere have these private systems of codes and audits so clearly failed to protect workers as in Bangladesh's apparel industry. However, international labor groups and Bangladeshi unions have succeeded in mounting a challenge to voluntarism in the global economy, persuading more than 180 companies to make a binding and enforceable commitment to workers' safety in an agreement with 12 unions. The extent to which this Bangladesh Accord will be able to influence the entrenched global regime of voluntary codes and weak trade unions remains an open question. But if the Accord can make progress in Bangladesh, it can help to inspire similar efforts in other countries and in other industries. © 2015 SAGE Publications.

  5. Energy integration: Regional economic integration lever and possible insertion factor in the global economy

    Lokolo, M.C.


    In the 1920s, just after the War, an idea began taking root in the Old Continent, to build what could be described as the United States of Europe. Thirty years later, in 1951, a new source of energy, coal, paved the way for the economic integration of Europe. It culminated into monetary integration in January 2002. Economic integration makes sense in the context of the relatively small size of some national economies and markets, and the judicious utilization of rare resources and their unequal distribution. In this document, the author elaborated on the principles at play in economic integration and argued that the integration of the national energy markets could be the lever for economic integration through the gradual elimination of the various obstacles to trade. The author first presented a brief historical overview of economic integration from the perspective of global economic relationships, covering the period between the two world wars to the General Agreement on Tariffs and Trade (GATT) to the World Trade Organization (WTO). The concept and the forms of economic integration were reviewed. Energy integration as a lever of regional economic integration and as a factor in global economic insertion were discussed. Energy integration is a tool for the improvement of the human condition. 15 refs

  6. Stratospheric cooling and polar ozone loss due to H2 emissions of a global hydrogen economy

    Feck, T.; Grooß, J.-U.; Riese, M.; Vogel, B.


    "Green" hydrogen is seen as a major element of the future energy supply to reduce greenhouse gas emissions substantially. However, due to the possible interactions of hydrogen (H2) with other atmospheric constituents there is a need to analyse the implications of additional atmospheric H2 that could result from hydrogen leakage of a global hydrogen infrastructure. Emissions of molecular H2 can occur along the whole hydrogen process chain which increase the tropospheric H2 burden. Across the tropical tropopause H2 reaches the stratosphere where it is oxidised and forms water vapour (H2O). This causes increased IR-emissions into space and hence a cooling of the stratosphere. Both effects, the increase of stratospheric H2O and the cooling, enhances the potential of chlorine activation on liquid sulfate aerosol and polar stratospheric clouds (PSCs), which increase polar ozone destruction. Hence a global hydrogen economy could provoke polar ozone loss and could lead to a substantial delay of the current projected recovery of the stratospheric ozone layer. Our investigations show that even if 90% of the current global fossil primary energy input could be replaced by hydrogen and approximately 9.5% of the product gas would leak to the atmosphere, the ozone loss would be increased between 15 to 26 Dobson Units (DU) if the stratospheric CFC loading would retain unchanged. A consistency check of the used approximation methods with the Chemical Lagrangian Model of the Stratosphere (CLaMS) shows that this additional ozone loss can probably be treated as an upper limit. Towards more realistic future H2 leakage rate assumptions (< 3%) the additional ozone loss would be rather small (? 10 DU). However, in all cases the full damage would only occur if stratospheric CFC-levels would retain unchanged. Due to the CFC-prohibition as a result of the Montreal Protocol the forecasts suggest a decline of the stratospheric CFC loading about 50% until 2050. In this case our calculations

  7. Embodiment Analysis for Greenhouse Gas Emissions by Chinese Economy Based on Global Thermodynamic Potentials

    Lijie Wang


    Full Text Available This paper considers the Global Thermodynamic Potential (GTP indicator to perform a unified assessment of greenhouse gas (GHG emissions, and to systematically reveal the emission embodiment in the production, consumption, and international trade of the Chinese economy in 2007 as the most recent year available with input-output table and updated inventory data. The results show that the estimated total direct GHG emissions by the Chinese economy in 2007 amount to 10,657.5 Mt CO2-eq by the GTPs with 40.6% from CH4 emissions in magnitude of the same importance as CO2 emissions. The five sectors of Electric Power/Steam and Hot Water Production and Supply, Smelting and Pressing of Ferrous and Nonferrous Metals, Nonmetal Mineral Products, Agriculture, and Coal Mining and Dressing, are responsible for 83.3% of the total GHG emissions with different emission structures. The demands of coal and coal-electricity determine the structure of emission embodiment to an essential extent. The Construction sector holds the top GHG emissions embodied in both domestic production and domestic consumption. The GHG emission embodied in gross capital formation is more than those in other components of final demand characterized by extensive investment and limited household consumption. China is a net exporter of embodied GHG emissions, with a remarkable share of direct emission induced by international trade, such as textile products, industrial raw materials, and primary machinery and equipment products exports. The fractions of CH4 in the component of embodied GHG emissions in the final demand are much greater than those fractions calculated by the Global Warming Potentials, which highlight the importance of CH4 emissions for the case of China and indicate the essential effect of CH4 emissions on global climate change. To understand the full context to achieve GHG emission mitigation, this study provides a new insight to address China’s GHG emissions status and

  8. Laboring Below the Line: The New Ethnography of Poverty, Low-Wage Work, and Survival in the Global Economy.

    Munger, Frank, Ed.

    This document contains 15 papers on poverty, low-wage work, and survival in the global economy, with emphasis on the following topics: identity and the meaning of work; making decisions about work, family, and welfare; and paths toward change. The following papers are included: "Identity as a Weapon in the Moral Politics of Work and…

  9. Alpine hydropower in a low carbon economy: Assessing the local implication of global policies

    Anghileri, Daniela; Castelletti, Andrea; Burlando, Paolo


    In the global transition towards a more efficient and low-carbon economy, renewable energy plays a major role in displacing fossil fuels, meeting global energy demand while reducing carbon dioxide emissions. In Europe, Variable Renewable Sources (VRS), such as wind and solar power sources, are becoming a relevant share of the generation portfolios in many countries. Beside the indisputable social and environmental advantages of VRS, on the short medium term the VRS-induced lowering energy prices and increasing price's volatility might challenge traditional power sources and, among them, hydropower production, because of smaller incomes and higher maintenance costs associated to a more flexible operation of power systems. In this study, we focus on the Swiss hydropower sector analysing how different low-carbon targets and strategies established at the Swiss and European level might affect energy price formation and thus impact - through hydropower operation - water availability and ecosystems services at the catchment scale. We combine a hydrological model to simulate future water availability and an electricity market model to simulate future evolution of energy prices based on official Swiss and European energy roadmaps and CO2 price trends in the European Union. We use Multi-Objective optimization techniques to design alternative hydropower reservoir operation strategies, aiming to maximise the hydropower companies' income or to provide reliable energy supply with respect to the energy demand. This integrated model allows analysing to which extent global low-carbon policies impact reservoir operation at the local scale, and to gain insight on how to prioritise compensation measures and/or adaptation strategies to mitigate the impact of VRS on hydropower companies in increasingly water constrained settings. Numerical results are shown for a real-world case study in the Swiss Alps.

  10. The Current Approaches to the Harmonization of Interests of Participants of Competitive Relationships at the Global Level

    Shvydanenko Oleg A.


    Full Text Available The key problems of development of participants of global competitive relationships, approaches to harmonization of their interests have been considered. The article defines essence of the global system of regulation of competitive relationships, the technology of its formation, improvement and development, taking into account the reasonable assemblage of relevant principles. The main tasks and processes of formation of the competitive culture in the context of globalization changes have been highlighted. The strategic directions of improvement of the system of regulation of competitive relationships in accordance with transformation of external conditions of development of globalizing space and strengthening of international character of competition have been specified. The organizational-economic mechanism of the system of regulation of competitive relationships has been provided.

  11. Broadband adoption, digital divide, and the global economic competitiveness of Western Balkan countries

    Mitrović Đorđe


    Full Text Available The existing variation in economic performance between countries is significantly affected by the level, diffusion, and use of different types of information and communication technology. In the last several years economic competitiveness increasingly depends on broadband availability and the adoption, use, and speed of this technology. Broadband access to the internet fosters economic growth and development and increases a country’s global competitiveness. This technology could have a big impact on the competitive advantage of Western Balkan countries because they currently experience a large digital divide, both within countries (between regions, urban and rural areas, different vulnerable groups, etc. and with EU countries. The purpose of the paper is to analyse the current level and dynamics of the digital divide in Western Balkan countries using the Broadband Achievement Index (BAI, the Data Envelopment Analysis (DEA-based model, the Global Competitiveness Index (GCI, the Corruption Perception Index (CPI, and cross-country methodology. This paper measures and compares Western Balkan countries’ current level of broadband adoption and their position on the evolutionary path towards closing the existing economic and digital gap with EU countries. Comparative analysis of calculated BAI data values, GCI, and CPI shows that Western Balkan countries belong to the ‘laggard’ group regarding their broadband achievement and global economic competitiveness. The values of the calculated BAI sub-indexes in this paper indicate the strong and weak sides of the corresponding aspects of broadband technology implementation and give directions for setting further priorities for political intervention, not only in the building of information society but also in the improvement of the economic competitiveness of Western Balkan countries.

  12. On the strategy of modernization and development of Russian economy in a global depression

    Sergey Yurievich Glazyev


    Full Text Available This paper reveals the essence of the program proposed by author on preemptive measures to develop the Russian economy in terms of a global depression. The distinctive features of the present global crisis and the prospects of overcoming it are identified. We propose three possible scenarios for the world economy after the crisis: 1 the scenario of quick withdrawal to a long wave of economic growth (optimistic; 2 the catastrophic scenario; 3 the inertial scenario. The key idea of forming a national strategy for accelerated development lies in: the timely establishment of basic industries, the new technological order and early withdrawal of the Russian economy on the associated new long wave of growth, increasing the power of multiple domestic banking and investment system; economic stabilization and creating a zone of sustainable development in the regions of the Eurasian Economic Community and the CIS. Taking into account the experience of anti-crisis policy of foreign countries, strategic mistakes in the planning of anti-crisis measures are identified. In the analysis of national anti-crisis policies and assessing the effectiveness of anti-crisis measures it is justified that the same mistakes were made in Russia. To overcome them, it is required to provide consistency of macroeconomic policies with the priorities of long-term economic and technological development. It might be achieved by concentrating resources on the development of advanced industrial and technological systems that require dedicated work of the national financial and investment system, including the mechanisms of monetary, fiscal and foreign exchange policy. Conceptual parameters of the strategic planning system that can identify promising areas of economic growth as well as guide the development of state institutions to implement them are formulated. The elements of such a system created in Russia in recent years and requiring its introduction are defined. The efficiency

  13. The resilience of the Indian economy to rising oil prices as a validation test for a global energy-environment-economy CGE model

    Guivarch, C.; Hallegatte, St.; Crassous, R.


    This paper proposes to test the global hybrid computable general equilibrium model IMACLIM-R against macro-economic data. To do so, it compares the modeled and observed responses of the Indian economy to the rise of oil price during the 2003-2006 period. The objective is twofold: first, to disentangle the various mechanisms and policies at play in India's economy response to rising oil prices and, second, to validate our model as a tool capable of reproducing short-run statistical data. With default parametrization, the model predicts a significant decrease in the Indian growth rate that is not observed. However, this discrepancy is corrected if three additional mechanisms identified by the International Monetary Fund are introduced, namely the rise in exports of refined oil products, the imbalance of the trade balance allowed by large capital inflows, and the incomplete pass-through of the oil price increase to Indian customers. This work is a first step toward model validation, and provides interesting insights on the modeling methodology relevant to represent an economy's response to a shock, as well as on how short-term mechanisms - and policy action - can smooth the negative impacts of energy price shocks or climate policies. (authors)

  14. The resilience of the Indian economy to rising oil prices as a validation test for a global energy-environment-economy CGE model

    Guivarch, Celine; Hallegatte, Stephane; Crassous, Renaud


    This paper proposes to test the global hybrid computable general equilibrium model IMACLIM-R against macroeconomic data. To do so, it compares the modeled and observed responses of the Indian economy to the rise of oil price during the 2003-2006 period. The objective is twofold: first, to disentangle the various mechanisms and policies at play in India's economy response to rising oil prices and, second, to validate our model as a tool capable of reproducing short-run statistical data. With default parameterization, the model predicts a significant decrease in the Indian growth rate that is not observed. However, this discrepancy is corrected if three additional mechanisms identified by the International Monetary Fund are introduced, namely the rise in exports of refined oil products, the imbalance of the trade balance allowed by large capital inflows, and the incomplete pass-through of the oil price increase to Indian customers. This work is a first step toward model validation, and provides interesting insights on the modeling methodology relevant to represent an economy's response to a shock, as well as on how short-term mechanisms - and policy action - can smooth the negative impacts of energy price shocks or climate policies. (author)

  15. The Consequences of China's Impending Economic Crisis on Global Economy: A Predictive Scenario on Sub-Saharan Africa

    Mavhungu Abel Mafukata


    Full Text Available The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy – with reference to Sub-Saharan Africa (SSA in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data were collected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA.  The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This  paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.

  16. Competition

    Staff Association


    Get ready for the Easter Egg Hunt! The Staff Association is organising a competition from 10 to 21 April 2017. There are several Go Sport gift vouchers to win, with a value of 50 € each. Try your luck! Count the number of different eggs that we have hidden on our website. Then indicate your answer in the online form. To participate, you just need to be a member of the Staff Association. Winners will be randomly drawn among the correct answers.

  17. Competition

    Staff Association


      The Staff Association is organising a competition from 13 to 21 December 2016. There are several Go Sport vouchers to win with a value of 50 € each. Try your luck! To participate, you just have to be a member of the Staff Association and take the online quiz: The winners will be drawn among the correct answers.

  18. Competition

    Staff Association


      The Staff Association is organising a competition from April 11 to 20. There are several Go Sport gift vouchers with a value of 50 € each to win. Try your luck! To participate, you just have to be a member of the Staff Association and take the online quiz: The winners will be drawn among the correct answers.

  19. The Necessity of Developing Nuclear Energy in Romania in the Context of Global Economy Expansion



    Full Text Available Energy is one of the most important elements of the global economy, being the basic unit of world economic development. In the energy mix, nuclear energy - more than any other type of energy - has generated and will always generate a series of controversies. This article aims to emphasize the economic and social implications, further than the general purpose of developing nuclear energy: national energetic security. With the starting point clearly defined – the history already written by the operation of Unit 1 and 2 – the path to discover all its elements seems to be clear, although a whole range of unknown issues can rise many different interpretations. In Romania, nuclear energy produces 18% of Romania's electricity supplies. Development of Units 3 and 4 of the Cernavoda site could more than double this capacity. This will have major implications in the trading market, significantly influencing the price of electricity not only nationally, but, in the context coupling energy markets, as well as at regional level. It is also risen the question of using this additional production. Depending on the time of commissioning, this quantity of energy that now seems overmuch, can be used for export, to reduce the use of fossil fuels and to continue to obtain electricity in the context of a system based on power plants that use fossil fuels, whose lifespan is nearing completion.

  20. Financial Stabilisation of Global Economy Countries under Conditions of the Debt Crisis

    Vovchenko Natalia G.


    Full Text Available European crisis hinders global restoration of economy, the growth of restoration slows down. All these require supranational solutions: creatio9n of regulation structures and new financial instruments in order to preserve stable world financial order. Methods of quantitative easing (QE, carried out by the American Federal Reserve System and Bank of England, aim at stimulation of private sector activity through reduction of loan cost, generation of positive effects of well-being and increase of investment income. Purchase of assets efficiently move dangerous financial assets from private sector to the balance of the central bank or special QE fund in exchange to risk free reserves of the central bank. Thus, both types of measures are performed by means of risks, accumulating on balances of central banks and indirectly on the balance of state administration. Exchange of information between relevant agencies, including debt administration office, state enterprises that administer assets and central bank, is important for efficient administration of all state assets and liabilities. Proper assessment of financial positions requires all-sided and transparent reporting of all state liabilities and assets. Besides, financial transparency facilitates consolidation.

  1. Developing Economies and Global Governance: Will IMF Rethink Its Orthodox View?

    Manjula Jain


    Full Text Available It has been constantly viewed that the developed economies unevenly ruled the governance structures in the international organizations such as International Monetary Fund (MF. The continuous development in Emerging and Developing Economies (EDEs over the last 20 years witnessed their growing importance in the world economy, but at the same time little increase in their voice in the IMF. There are reasons for the discontent of the EDEs in the present structure such as the increase of regional monetary arrangements, uneven distribution of quota shares, IMF quota reforms, and IMF voting structure. The world economy is witnessing a tremendous growth of these EDEs and is now at the verge where Asian economies are capable of leading, rather than the North Atlantic economies. This issue should be acknowledged properly and must be responded adequately. This paper makes an attempt to understand the prime issues that should be fixed in the current quotas system and voting structure in the IMF.

  2. The SEAD global efficiency medal competition: accelerating market transformation for efficient televisions

    Ravi, Kavita [US Department of Energy, Washington, DC (United States); Bennich, Peter [Swedish Energy Agency (Sweden); Cockburn, John [Natural Resources Canada, Ottawa (Canada); Doi, Naoko [Institute of Energy Economics (Japan); Garg, Sandeep [United Nations Development Programme, New York, NY (United States); Garnaik, S.P. [ICF International (India); Holt, Shane [Energy and Tourism, Canberra (Australia); Walker, Mike [Food and Rural Affairs (United Kingdom); Westbrook-Trenholm, Elizabeth [Natural Resources, Canada, Ottawa (Canada). Office of Energy Efficiency; Lising, Anna [Collaborative Labeling and Appliance Standards Program (United States); Pantano, Steve [Collaborative Labeling and Appliance Standards Program (United States); Khare, Amit [Collaborative Labeling and Appliance Standards Program (United States); Park, Won Young [Lawrence Berkeley National Lab., CA (United States)


    The Global Efficiency Medal competition, a cornerstone activity of the Super-efficient Equipment and Appliance Deployment (SEAD) Initiative, is an awards program that encourages the production and sale of super-efficient products. SEAD is a voluntary multinational government collaboration of the Clean Energy Ministerial (CEM). This winner-takes-all competition recognizes products with the best energy efficiency, guides early adopter purchasers towards the most efficient product choices and demonstrates the levels of energy efficiency achievable by commercially available and emerging technologies. The first Global Efficiency Medals were awarded to the most energy-efficient flat panel televisions; an iconic consumer purchase. SEAD Global Efficiency Medals were awarded to televisions that have proven to be substantially more energy efficient than comparable models available at the time of the competition (applications closed in the end of May 2012). The award-winning TVs consume between 33 to 44 percent less energy per 2 unit of screen area than comparable LED-backlit LCD televisions sold in each regional market and 50 to 60 percent less energy than CCFL-backlit LCD TVs. Prior to the launch of this competition, SEAD conducted an unprecedented international round-robin test (RRT) to qualify TV test laboratories to support verification testing for SEAD awards. The RRT resulted in increased test laboratory capacity and expertise around the world and ensured that the test results from participating regional test laboratories could be compared in a fair and transparent fashion. This paper highlights a range of benefits resulting from this first SEAD awards competition and encourages further investigation of the awards concept as a means to promote energy efficiency in other equipment types.

  3. VAGINAL ECONOMY: Cinema and Globalization in the Post-Marcos Post-Brocka Era

    Rolando B. Tolentino


    Full Text Available This essay explores the trope of the vaginal economy that is proliferated in the political economy and nature of Philippine migration. The vaginal economy is both receptacle and symptom of Philippine development. It represents the discourse through cinema, and historicizes the primal debate in the Marcos and Brocka contestation for image-building of the nation. Primarily through the sex-oriented (bomba films and their permutations in the various political life of the contemporary nation, the vaginal economy is historicized even in the after-life of the post-Marcos and post-Brocka era.

  4. Getting China and India right: Strategies for leveraging the world's fastest growing economies for global advantage

    Ravi Ramamurti


    The re-emergence of the old world: MNEs and the emerging economies of China and IndiaAccording to projections of the National Intelligence Council, a US government think tank, by 2025 China and India will have the world's second- and fourth-largest economies, respectively. The world is changing before our eyes – within the memories of many readers of this journal, these economies were known for little other than abject poverty. Today they are the largest of the “emerging market economies.” Ye...

  5. The Conceptual Foundations for Ensuring the International Competitiveness of Tourism Company in the Context of Globalization

    Skarha Oleksandra O.


    Full Text Available The article is aimed at defining the conceptual-strategic principles of ensuring the international competitiveness of tourism enterprise. As result of research the essence and value of management of competitiveness of tourism enterprise in the conditions of globalization were considered. Factors of formation of competitive advantages, and also the reasons determining competitiveness of a tourism product have been determined. The main aspects of formation of quality of services provision have been identified. On the basis of the carried out research, the concept of integrated marketing communications has been formed, which is a combination of traditional ways of communication activity with the only synchronized communication, oriented towards establishing the multichannel relationships with different target audiences, with choosing an own marketing model for each audience. Application of the given concept would allow to optimally choose means of communication and to provide more effective realization of a tourism product at the international market of tourism services that will promote companies’ overgrowing their local status and gaining their self-importance on a global scale.

  6. The global susceptibility of coastal forage fish to competition by large jellyfish

    Schnedler-Meyer, Nicolas Azaña; Mariani, Patrizio; Kiørboe, Thomas


    dominance at low primary production, and a shift towards jellyfish with increasing productivity, turbidity and fishing. We present an index of global ecosystem susceptibility to shifts in fish–jellyfish dominance that compares well with data on jellyfish distributions and trends. The results are a step......Competition between large jellyfish and forage fish for zooplankton prey is both a possible cause of jellyfish increases and a concern for the management of marine ecosystems and fisheries. Identifying principal factors affecting this competition is therefore important for marine management......, but the lack of both good quality data and a robust theoretical framework have prevented general global analyses. Here, we present a general mechanistic food web model that considers fundamental differences in feeding modes and predation pressure between fish and jellyfish. The model predicts forage fish...




    Global Entrepreneurship and Development Index or the Global Entrepreneurship and Development Index (GEDI) In 2013 positioned Indonesia at ranked 76 of 118 countries. Compared with the ASEAN countries, the position are still far below Singapore (13), and still below Malaysia (57), Brunei Darussalam (58), Thailand (65). This fact shows that Indonesia has not been optimal in building its entrepreneurial yet. To enhance the development of entrepreneurship, the Indonesian government has launched ...

  8. Multinationals and Institutional Competitiveness

    Hull Kristensen, Peer; Morgan, Glenn

    This article discusses how institutional competitiveness and multinationals are mutually enriching concepts. Seen from the perspective of Multinationals, institutional competitiveness becomes expressed at two levels. At the level of corporate HQs institutional competitiveness proves itself...... competitiveness of Liberal Market Economies and Coordinated Markets Economies under the current competitive regime....

  9. Towards a Global Comprehensive Context-driven and Decision-focused Theory and Method for a New Political Economy

    Winston P. Nagan


    Full Text Available There is currently significant dissatisfaction with conventional economic theory. The unreliability of conventional theory as a predictor of future economic possibilities of catastrophes emphasizes the need for a new paradigm of political economy. This paper provides a capsule of some of the important limitations and consequences of the “old” paradigm. It proposes the necessary elements of a new paradigm and it seeks to locate the new paradigm of political economy in terms of its global reach. This requires a richer contextual approach, with the tools of contextual mapping. It has as well a focus on the global process of effective power and the emerging rule of law based constitutive processes. This is a key to the role of decision and the architecture of decision-making in political economy. We conclude with the global to local implications of the Vicos Experiment in Peru. Finally, we stress the wider lens of focus to identify the real and not the illusory generation of value. The implications here facilitate real global democratization.

  10. Fabricated World Class: Global University League Tables, Status Differentiation and Myths of Global Competition

    David, Matthew


    UK media coverage of global university league tables shows systematic bias towards the Russell Group, although also highlighting tensions within its membership. Coverage positions UK "elite" institutions between US superiority and Asian ascent. Coverage claims that league table results warrant UK university funding reform. However,…

  11. The Role of Organizational Leadership to Enhance Top 10 CSR Issues and Trends in The Global Economy

    Dewi Rachmayanti


    Full Text Available Research on leadership and its relationship with organizational performance have been carried out and not considered Corporate Social Responsibility (CSR performance, especially in the field of community development (Comdev and even done partially. This study aims to investigate the role of organizational leadership to enhance Top 10 CSR issues and trends in the global economy which defines roles and leadership competencies. Thirteen experts were involved in the Forum of Multi Stakeholder Corporate Social Responsibility (MSHCSR through Focus Group Discussion (FGD. Data by cluster random sampling were statistically analyzed with Assumption Surfacing and Testing Strategy (SAST. The results showed from FGD experts stating if eight roles and eight competencies of the organization’s leadership is very important and influential to enhance Top 10 CSR issues and trends in the global economy.

  12. Internet Usage and Competitive Advantage: The Impact of the Internet on an Old Economy Industry in Spain.

    del Aguila Obra, Ana Rosa; Bruque Camara, Sebastian; Padilla Melendez, Antonio


    Considers whether Internet technologies have led to competitive advantage for companies operating in traditional industries. Highlights include a literature review; using the resource-based view (RBV) of firms as a theoretical framework for an empirical investigation; and a survey that investigated Internet technologies and competitive advantage…

  13. Ebola Viral Disease in West Africa: A Threat to Global Health, Economy and Political Stability

    Mohammed, Ibrahim; Saidu, Yauba


    The West African sub-continent is currently experiencing its first, and ironically, the largest and longest Ebola viral diseases (EVD) outbreak ever documented in modern medical history. The current outbreak is significant in several ways, including longevity, magnitude of morbidity and mortality, occurrence outside the traditional niches, rapid spread and potential of becoming a global health tragedy. The authors provided explicit insights into the current and historical background, drivers of the epidemic, societal impacts, status of vaccines and drugs development and proffered recommendations to halt and prevent future occurrences. The authors reviewed mainly five databases and a hand search of key relevant literature. We reviewed 51 articles that were relevant up until the 18th of August 2014. The authors supplemented the search with reference list of relevant articles and grey literature as well as relevant Internet websites. Article searches were limited to those published either in English or French. There are strong indications that the EVD may have been triggered by increased human activities and encroachment into the forest ecosystem spurred by increasing population and poverty-driven forest-dependent local economy. Containment efforts are being hampered by weak and fragile health systems, including public health surveillance and weak governance, certain socio-anthropological factors, fast travels (improved transport systems) and globalization. The societal impacts of the EBV outbreak are grave, including economic shutdown, weakening of socio-political systems, psychological distress, and unprecedented consumption of scarce health resources. The research and development (R&D) pipeline for product against EBV seems grossly insufficient. The outbreak of Ebola and the seeming difficulty to contain the epidemic is simply a reflection of the weak health system, poor surveillance and emergency preparedness/response, poverty and disconnect between the government

  14. Ebola viral disease in West Africa: a threat to global health, economy and political stability

    Semeeh Akinwale Omoleke


    Full Text Available The West African sub-continent is currently experiencing its first, and ironically, the largest and longest Ebola viral diseases (EVD outbreak ever documented in modern medical history. The current outbreak is significant in several ways, including longevity, magnitude of morbidity and mortality, occurrence outside the traditional niches, rapid spread and potential of becoming a global health tragedy. The authors provided explicit insights into the current and historical background, drivers of the epidemic, societal impacts, status of vaccines and drugs development and proffered recommendations to halt and prevent future occurrences. The authors reviewed mainly five databases and a hand search of key relevant literature. We reviewed 51 articles that were relevant up until the 18th of August 2014. The authors supplemented the search with reference list of relevant articles and grey literature as well as relevant Internet websites. Article searches were limited to those published either in English or French. There are strong indications that the EVD may have been triggered by increased human activities and encroachment into the forest ecosystem spurred by increasing population and povertydriven forest-dependent local economy. Containment efforts are being hampered by weak and fragile health systems, including public health surveillance and weak governance, certain socio-anthropological factors, fast travels (improved transport systems and globalization. The societal impacts of the EBV outbreak are grave, including economic shutdown, weakening of socio-political systems, psychological distress, and unprecedented consumption of scarce health resources. The research and development (R&D pipeline for product against EBV seems grossly insufficient. The outbreak of Ebola and the seeming difficulty to contain the epidemic is simply a reflection of the weak health system, poor surveillance and emergency preparedness/ response, poverty and disconnect

  15. Ebola Viral Disease in West Africa: A Threat to Global Health, Economy and Political Stability.

    Omoleke, Semeeh Akinwale; Mohammed, Ibrahim; Saidu, Yauba


    The West African sub-continent is currently experiencing its first, and ironically, the largest and longest Ebola viral diseases (EVD) outbreak ever documented in modern medical history. The current outbreak is significant in several ways, including longevity, magnitude of morbidity and mortality, occurrence outside the traditional niches, rapid spread and potential of becoming a global health tragedy. The authors provided explicit insights into the current and historical background, drivers of the epidemic, societal impacts, status of vaccines and drugs development and proffered recommendations to halt and prevent future occurrences. The authors reviewed mainly five databases and a hand search of key relevant literature. We reviewed 51 articles that were relevant up until the 18 th of August 2014. The authors supplemented the search with reference list of relevant articles and grey literature as well as relevant Internet websites. Article searches were limited to those published either in English or French. There are strong indications that the EVD may have been triggered by increased human activities and encroachment into the forest ecosystem spurred by increasing population and poverty-driven forest-dependent local economy. Containment efforts are being hampered by weak and fragile health systems, including public health surveillance and weak governance, certain socio-anthropological factors, fast travels (improved transport systems) and globalization. The societal impacts of the EBV outbreak are grave, including economic shutdown, weakening of socio-political systems, psychological distress, and unprecedented consumption of scarce health resources. The research and development (R&D) pipeline for product against EBV seems grossly insufficient. The outbreak of Ebola and the seeming difficulty to contain the epidemic is simply a reflection of the weak health system, poor surveillance and emergency preparedness/response, poverty and disconnect between the

  16. The Dubai 2015 Global Islamic Economy Summit - and what it will take to become a heavyweight champion

    Wilson, Jonathan


    I just attended the 2015 Global Islamic Economy Summit, in Dubai and it was a fantastic experience. The hospitality was first class and only surpassed by the energy, passion, sincerity and friendship selflessly handed out to everyone attending.\\ud \\ud However, two things that I think need addressing are the understanding, articulation, and execution of two key areas, which were weak in terms of intelligence and insight: Consumer Behaviour and Branding.

  17. Life on the edge: navigating the competitive tensions between the 'social' and the 'economic' in the social economy and in its relations to the mainstream

    Ray Hudson


    Drawing on detailed empirical research in the UK, in this article I explore the motivations that lie behind the formation of social economy organisations (SEOs) and the multiple trajectories that these can then follow and the tensions to which this can give rise as the ‘social’ runs up against the ‘economic’. This can, and often does, involve competition between SEOs in limited local markets and in search of state grant income. For those that seek to transcend these limits, the tensions betwe...

  18. Not enough space for everyone: China and the competition for the Global South

    Fernando Mouron


    Full Text Available A little more than a decade and a half into the “Asian century”, the epicentre of the global economy has moved from the North Atlantic towards East Asia at an unprecedented pace. As a correlate, China’s growing expansion at global level has been gradually undermining the position of leading regional powers such as Brazil and South Africa. The displacement of their investments and the consequent loss of their regional markets, added to the growth of other medium-sized regional powers through stronger links with Beijing, have damaged both countries prospects of regional leadership. From this perspective, in contrast to the abundant literature depicting China as a great opportunity for Brazil and South Africa, this paper warns that both countries’ regional importance has been diminished in favour of China, which calls the usefulness of the BRICS concept into question.

  19. Waste Picker Organizations and Their Contribution to the Circular Economy: Two Case Studies from a Global South Perspective

    Jutta Gutberlet


    Full Text Available The discussion on the circular economy (CE has attracted a rising interest within global policy and business as a way of increasing the sustainability of production and consumption. Yet the literature mostly portrays a Global North perspective. There is a diverse spectrum of community-based organizations playing important roles in resource recovery and transformation, particularly, but not only, in Global South countries, providing innovative examples for grassroots involvement in waste management and in the CE. This article proposes to add a Southern lens, situated in the context of waste picker organizations, to the concept of CE. The discursive framework in this article couples ecological economy (EE with social/solidarity economy (SSE, focusing not only on environmental sustainability but also on social, economic, political and cultural dimensions involved in production, consumption and discard. We acknowledge that grassroots movements contribute to policy making and improve urban waste management systems. The paper outlines two empirical studies (Argentina, Brazil that illustrate how waste picker organizations perform selective waste collection services, engage with municipalities and industries, and practice the CE. The research reveals that social and political facets need to be added to the debate about the CE, linking environmental management and policy with community development and recognizing waste pickers as protagonists in the CE. Our findings emphasize a need for a change of persisting inequalities in public policy by recognizing the importance of popular waste management praxis and knowledge, ultimately redefining the CE.

  20. Mutual and asynchronous anticipation and action in sports as globally competitive and locally coordinative dynamics

    Fujii, Keisuke; Isaka, Tadao; Kouzaki, Motoki; Yamamoto, Yuji


    Humans interact by changing their actions, perceiving other’s actions and executing solutions in conflicting situations. Using oscillator models, nonlinear dynamics have been considered for describing these complex human movements as an emergence of self-organisation. However, these frameworks cannot explain the hierarchical structures of complex behaviours between conflicting inter-agent and adapting intra-agent systems, especially in sport competitions wherein mutually quick decision making and execution are required. Here we adopt a hybrid multiscale approach to model an attack-and-defend game during which both players predict the opponent’s movement and move with a delay. From both simulated and measured data, one synchronous outcome between two-agent (i.e. successful defence) can be described as one attractor. In contrast, the other coordination-breaking outcome (i.e. successful attack) cannot be explained using gradient dynamics because the asymmetric interaction cannot always assume a conserved physical quantity. Instead, we provide the asymmetric and asynchronous hierarchical dynamical models to discuss two-agent competition. Our framework suggests that possessing information about an opponent and oneself in local-coordinative and global-competitive scale enables us to gain a deeper understanding of sports competitions. We anticipate developments in the scientific fields of complex movement adapting to such uncontrolled environments.

  1. Dynamic International Competitiveness of Transition Economies: What Do Trade Figures Tell Us? The Case of Poland and the Czech Republic

    Nielsen, Jørgen Ulff-Møller; Mortensen, Kim


    This paper shows that the reform on the structures of the Polish and Czech economies has had an impressively fast effect on the numbers of different products, these countries export to Western countries. The time path may well be described by a logistic curve. The change in the exports of these c......This paper shows that the reform on the structures of the Polish and Czech economies has had an impressively fast effect on the numbers of different products, these countries export to Western countries. The time path may well be described by a logistic curve. The change in the exports...

  2. The Exploration of the Relationships between the Global Competitiveness, the ICT and Education

    Turkay Yildiz


    Full Text Available Information and Communication Technology (ICT is a key element for development and economic expansion. However, many of the developing countries appear to gain only small fraction of the advantages from the ICT sectors. Indeed, developed countries are taking the most of the advantages and opportunities brought by the use of ICT. Therefore, it is necessary to highlight the essential role and the significant relationship of ICT and education for gaining the competitive advantage. In this regard, this study investigates the complex relationships of some of the global competitiveness indicators of the ICT, education and the business sophistication and innovation factors. In this study, several statistically significant relationships are explored by applying canonical correlation analysis. These findings and significant statistical results are highlighted.

  3. Hospital non-price competition under the Global Budget Payment and Prospective Payment Systems.

    Chen, Wen-Yi; Lin, Yu-Hui


    This paper provides theoretical analyses of two alternative hospital payment systems for controlling medical cost: the Global Budget Payment System (GBPS) and the Prospective Payment System (PPS). The former method assigns a fixed total budget for all healthcare services over a given period with hospitals being paid on a fee-for-service basis. The latter method is usually connected with a fixed payment to hospitals within a Diagnosis-Related Group. Our results demonstrate that, given the same expenditure, the GBPS would approach optimal levels of quality and efficiency as well as the level of social welfare provided by the PPS, as long as market competition is sufficiently high; our results also demonstrate that the treadmill effect, modeling an inverse relationship between price and quantity under the GBPS, would be a quality-enhancing and efficiency-improving outcome due to market competition.

  4. The real new economy.

    Farrell, Diana


    During the soar-and-swoon days of the late 1990s, many people believed that information technology, and the Internet in particular, were "changing everything" in business. A fundamental change did happen in the 1990s, but it was less about technology than about competition. Under director Diana Farrell, the McKinsey Global Institute has conducted an extensive study of productivity and its connection to corporate IT spending and use during that period. The study revealed that information technology is important--but not central--to the fate of industries and individual companies. So if information technology was not the primary factor in the productivity surge, what was? The study points to competition and innovation. In those industries that saw increases in competitive intensity, managers were forced to innovate aggressively to protect their revenues and profits. Those innovations--in products, business practices, and technology--led to the gains in productivity. In fact, a critical dynamic of the new economy--the real new economy--is the virtuous cycle of competition, innovation, and productivity growth. Managers can innovate in many ways, but during the 1990s, information technology was a particularly powerful tool, for three reasons: First, IT enabled the development of attractive new products and efficient new business processes. Second, it facilitated the rapid industrywide diffusion of innovations. And third, it exhibited strong scale economies--its benefits multiplied rapidly as its use expanded. This article reveals surprising data on how various industries in the United States and Europe were affected by competition, innovation, and information technology in the 1990s and offers insights about how managers can get more from their IT investments.

  5. Global Green Governance: Embedding the Green Economy in a Global Green and Equitable Rule of Law Polity

    Gupta, J.; Sanchez, N.


    The global community is crossing planetary boundaries while it has not yet met the basic needs of at least one-third of the global population. Although governance systems are developing, they are still unable to adequately deal with current global environmental problems. This article assesses global




    Full Text Available The aim of this study is investigate the effects of higher education on global competitiveness One of the most widely accepted definition of global competitiveness is in the form of " efficiency level encompassing all of the institutions that will ensure sustainable growth in a country, policies and factors of production". Therefore the competitiveness of a country depends on the factors such as; The level of development of R & D activities and productivity, performance of various sectors, the country's trade surplus, producing goods hosting high-tech in their nature, availability of expert and skilled labor force. But one of the main points in the realization of these factors is the quality of the higher education. Higher education has an important role in the formation of qualified labour. And the qualified labour carries the competitiveness firstly of the sector and then of the country up to higher ranks by increasing the performance and productivity of the companies. The study will be discussed in the following way: firstly the context of the global competitiveness will be mentioned, secondly, the role and importance of higher education will be put forth by explaining the basic determinants of competitivenes particularly within the World Economic Forum Global Competitiveness Index. Finally, assessments will be made in relation with the situation of higher education in global competitiveness in European countries and Middle Eastern countries.

  7. The East Asian Development Experience: Policy Lessons, Implications, and Recommendations for Sub-Saharan Africa (SSA) Global Competitiveness

    Ashford C. Chea


    The paper looks at the development experience of East Asia and draws lessons for Sub-Saharan Africa in building global competitiveness. It starts with a historical perspective of both regions’ developmental trajectories. This is followed by an analysis of the causes of East Asia’s superior economic performance and development and SSA underdevelopment. The article also draws policy lessons from East Asia development strategies for SSA global competitiveness. The paper ends with a presentation ...

  8. A perspective on competitiveness of Brazil in the global supply of biomass

    Javier Cárcel Carrasco


    Full Text Available In this paper we intend to present an integrated view of biomass production in Brazil. By analyzing biomass potential and biomass production costs we seek to present a broad view of Brazilian competitiveness in the domestic and global energy markets. By mapping out this potential, we want to present the main opportunities for Brazil in its quest for cleaner, more competitive and more sustainable fuel sources. Our estimate of the potential represents almost double the volume that the country produced in 2010. This should enable Brazil to meet 30% of global demand for biomass by 2035. As regards production costs and profits, dedicated biomass has trading conditions to yield the same or more than the most profitable products in the sector such as sugarcane, soybeans or wood. Compared with fossil fuels, the cost of biomass is equivalent to an oil barrel below R$ 40.00, although adequate logistics is crucial for the economic feasibility of biomass utilization. Global demand for biomass will increase in the coming years, both for conventional and modern uses, such as second generation biofuels or biomass gasification. Due to its agricultural potential, Brazil could become a major biomass producer, with great economic and environmental advantages in a world increasingly concerned with sustainability and climate change.

  9. Enhancing Global Competitiveness: Benchmarking Airline Operational Performance in Highly Regulated Environments

    Bowen, Brent D.; Headley, Dean E.; Kane, Karisa D.


    Enhancing competitiveness in the global airline industry is at the forefront of attention with airlines, government, and the flying public. The seemingly unchecked growth of major airline alliances is heralded as an enhancement to global competition. However, like many mega-conglomerates, mega-airlines will face complications driven by size regardless of the many recitations of enhanced efficiency. Outlined herein is a conceptual model to serve as a decision tool for policy-makers, managers, and consumers of airline services. This model is developed using public data for the United States (U.S.) major airline industry available from the U/S. Department of Transportation, Federal Aviation Administration, the National Aeronautics and Space Administration, the National Transportation Safety Board, and other public and private sector sources. Data points include number of accidents, pilot deviations, operational performance indicators, flight problems, and other factors. Data from these sources provide opportunity to develop a model based on a complex dot product equation of two vectors. A row vector is weighted for importance by a key informant panel of government, industry, and consumer experts, while a column vector is established with the factor value. The resulting equation, known as the national Airline Quality Rating (AQR), where Q is quality, C is weight, and V is the value of the variables, is stated Q=C[i1-19] x V[i1-19]. Looking at historical patterns of AQR results provides the basis for establishment of an industry benchmark for the purpose of enhancing airline operational performance. A 7 year average of overall operational performance provides the resulting benchmark indicator. Applications from this example can be applied to the many competitive environments of the global industry and assist policy-makers faced with rapidly changing regulatory challenges.

  10. Analysis of the Impact of the Flow of Migrant Workers on Regional Economy: Based on the Thought about the Promotion of Jiangxi Regional Economic Competitiveness

    Sun Yuping


    Full Text Available Labor resource is the necessary productive factor in regional economic development, and one of important indexes to evaluate regional economic competitiveness. The great economic achievement brought by the 30-year reform and opening up of China is due to the fact that China brought the backward advantage of “demographic dividend” into play, promoted the fast development of industrialization and urbanization, and became the second largest economy in the world. The entity of “demographic dividend” is the non-agricultural migrant population, i.e., migrant workers. The transfer employment of migrant workers has typical regional liquidity, and the imbalance of regional economy causes the flow of many migrant workers. In order to achieve harmonious development and coordinated development, underdeveloped areas must understand the character and regulation, adopt positive industrial policy and supportive policy, guide the reasonable flow of migrant workers, and realize the transfer of local employment and citizenization of migrant workers, which can enhance regional economic competitiveness

  11. Knowledge Management – the Key Resource in the Knowledge Economy

    Domingo NEVADO PEÑA


    Full Text Available The influence of global information and communication technology changes and globalization have transformed our society by favoring the economy and innovation as key driver of global competition. Creation and exploitation of knowledge has become key resource in the new economy. All advanced economies are technologically knowledgebased economy. Many of today's managers and their employees, still guided by the definition given by Francis Bacon (1597 “Knowledge is power” instead of “sharing and managing knowledge is power”. Knowing taken alone may not bring value if not shared before and then managed in an efficient manner. This article seeks to demonstrate what knowledge, what the knowledge management is and what are its main implications in the new economy, a knowledge-based economy.

  12. The incoming global technological and industrial revolution towards competitive sustainable manufacturing

    Jovane, F.; Yoshikawa, H.; Alting, Leo


    , knowledge-based, competitive sustainable manufacturing (CSM) has been widely considered as main enabler. This paper presents the necessary steps from economic growth to sustainable development. The reference model for proactive action (RMfPA) is proposed to develop and implement CSM, at national and global...... levels. Furthermore, we also review strategies to pursue CSM at the macro-meso-field level in addition to ongoing national initiatives in different countries and by international organizations. A case study concerning the European Manufuture initiative is cited. The overall results conclude that RMf...

  13. Book Review: Jandl, Thomas, Vietnam in the Global Economy – The Dy-namics of Integration, Decentralization and Contested Politics

    Adam Fforde


    Full Text Available Book Review of the Monograph: Thomas Jandl (2013, Vietnam in the Global Economy – The Dynamics of Integration, Decentralization and Contested Politics. Plymouth: Lexington Books, ISBN 978-0-7391-7786-0, 312 pages

  14. Global attractivity of positive periodic solution to periodic Lotka-Volterra competition systems with pure delay

    Tang, Xianhua; Cao, Daomin; Zou, Xingfu

    We consider a periodic Lotka-Volterra competition system without instantaneous negative feedbacks (i.e., pure-delay systems) x(t)=x(t)[r(t)-∑j=1na(t)x(t-τ(t))], i=1,2,…,n. We establish some 3/2-type criteria for global attractivity of a positive periodic solution of the system, which generalize the well-known Wright's 3/2 criteria for the autonomous delay logistic equation, and thereby, address the open problem proposed by both Kuang [Y. Kuang, Global stability in delayed nonautonomous Lotka-Volterra type systems without saturated equilibria, Differential Integral Equations 9 (1996) 557-567] and Teng [Z. Teng, Nonautonomous Lotka-Volterra systems with delays, J. Differential Equations 179 (2002) 538-561].

  15. Across the water and down the ladder: occupational health in the global economy.

    Frumkin, H


    As the world economy becomes more integrated, and as industrial production expands in poor nations, workers in these nations face a range of occupational health and safety hazards. This article discusses the political economy of occupational health in developing nations by reference to multinational companies, free trade zones, free trade agreements, and the export of hazards. It reviews the special circumstances of occupational safety and health in developing nations and presents data on morbidity and mortality related to workplace exposures in these nations. Finally, it discusses approaches to improving workplace safety in developing nations, including policy initiatives, both mandated and voluntary, and public health initiatives, including training, technical assistance, collaborative research, and advocacy.

  16. Feeding proteins to livestock: Global land use and food vs. feed competition

    Manceron Stéphane


    Full Text Available Competition between direct consumption of plant production and the feeding of livestock is key to global food availability. This is because livestock consume edible commodities that could be available for (food insecure populations but also because it diverts arable land from food production. The share of total plant production redirected towards feeding livestock is (roughly known but estimations of land surfaces virtually occupied by livestock production are scarce. In this study, following up on the Agrimonde Terra** project, we estimate areas devoted to the feeding livestock. First, we estimate the protein composition of an averaged feed basket at the global scale in 2005 and detail the evolution of the protein-source feed component during the period 1961–2009. We focus on protein-rich crops such as oil crops and show its proportion in the global livestock diets has tripled since 1960, though only accounting for about one fourth of total proteins. Then, we estimate land virtually occupied by crop feed at the global scale using a set of straightforward hypotheses. Our estimates suggest that, although livestock and feed production has continuously increased and despite uncertainties in available data, competition for land between feed and food uses has decreased over the last two decades. The share of areas cultivated for feed requirements decreased from about 50% in the 1970s to 37% nowadays. This trend is attributable to the increase of crop yields and to a decrease of the share of cereals in livestock diets to the benefit of oilseeds by-products. However, estimating the share of total areas used for feed is complicated by the significant role played by by-products.


    A.I. Tatarkin


    Full Text Available The article is dedicated to theoretical-methodological issues of regional economy competitiveness investigation. Economic essence of regional competitiveness is analyzed, its definition is given. The factors that determine relations of competition on medium and macrolevels are proved. The basic differences between world-economical and inter-regional communications are formulated. The specific features of globalization processes as form of competitive struggle are considered.

  18. Global warming increases the interspecific competitiveness of the invasive plant alligator weed, Alternanthera philoxeroides.

    Wu, Hao; Ismail, Mohannad; Ding, Jianqing


    Global warming could accelerate the spread of invasive species to higher latitudes and intensify their effects on native species. Here, we report results of two years of field surveys along a latitudinal gradient (21°N to 31°N) in southern China, to determine the species structure of the invasive plant Alternanthera philoxeroides community. We also performed a replacement series experiment (mono and mixed) to evaluate the effects of elevated temperature on the competitiveness of A. philoxeroides with the native co-occurring species Digitaria sanguinalis. In the field survey, we found that the dominance of A. philoxeroides increased with increasing of latitude gradient while cover of D. sanguinalis decreased. In monospecific plantings, artificial warming reduced the length of D. sanguinalis roots. In mixed plantings, warming reduced both A. philoxeroides abundance and D. sanguinalis stem length when A. philoxeroides was more prevalent in the planting. Warming also significantly reduced D. sanguinalis biomass, but increased that of A. philoxeroides. In addition, elevated temperatures significantly reduced the relative yield (RY) of D. sanguinalis, particularly when A. philoxeroides was planted in higher proportion in the plot. These results suggest that the invasiveness of A. philoxeroides increased with increasing latitude, and that warming may increase the effectiveness of its interspecific competition with D. sanguinalis. Hence, under global warming conditions, the harm to native species from A. philoxeroides would increase at higher latitudes. Our findings are critical for predicting the invasiveness of alien species under climate change. Copyright © 2016 Elsevier B.V. All rights reserved.

  19. Collaborating to improve the global competitiveness of US academic medical centers.

    Allen, Molly; Garman, Andrew; Johnson, Tricia; Hohmann, Samuel; Meurer, Steve


    President Obama announced the National Export Initiative in his 2010 State of the Union address and set the ambitious goal of doubling US exports by the end of 2014 to support millions of domestic jobs. Understanding the competitive position of US health care in the global market for international patients, University Health System Consortium (UHC), an alliance of 116 academic medical centers and 272 of their affiliated hospitals, representing 90 percent of the nation's non-profit academic medical centers partnered with Rush University, a private University in Chicago, IL and the International Trade Administration of the US Department of Commerce International Trade Administration (ITA) to participate in the Market Development Cooperator Program. The goal of this private-public partnership is to increase the global competitiveness of the US health care industry, which represents over 16 percent of the GDP, amongst foreign health care providers. This article provides an overview of the US health care market and outlines the aims of the US Cooperative for International Patient Programs, the end result of the partnership between UHC, ITA and Rush University.

  20. Key Trends in the Development of Foreign Trade of France in the Global Competitive Environment

    Zvirgzde Kateryna I.


    Full Text Available The article is aimed at analyzing the nature and contemporary trends of foreign trade activity of France. In the process of evolutionary development of the economy of France in content, structure and directions of its foreign trade strategies occurred permanent modifications and transformations, resulting from the need to maintain optimal proportions between material, financial and human resources, production and consumption, commodity supply and purchasing power, as well as receipts and payments in the settlements with other countries. The article is concerned with an integrated analysis of progressive structural reforms in the economic system of France in the last decade, which led to fundamental changes in its foreign trade operations both in terms of monetary magnitude of export-import transactions and their product-species, geographical, institutional and regulatory structures. The nature, key indicators, trends and issues in the foreign trade strategy of France in the face of global volatility as well as ways for its improvement have been researched.

  1. The Sustainable Development Goals – Pathways to Eco-innovation and a Global Green Economy?

    Andersen, Maj Munch

    points to the need for policy learning, suggesting these countries could leapfrog the greening of their economies by targeting green economic change through adopting eco-innovation policies for the greening of their companies rather than pursuing a traditional regulatory approach. Such a pathway...

  2. Competitive Advantage in the Creation of a Network of Solidarity Based Economy: the case of Ceará Bee Network

    Rosângela Andrade Pessoa


    Full Text Available The fast growth of solidarity based economic networks and their acting power within businesses’ development is one of the remarkable phenomena of the last decade. The Bee Network of economic solidarity illustrates the dynamics of this new form of productive organization, in which entrepreneurs get together, in cooperation, aiming at raising their competitiveness. The main research objective in this study was to investigate the perception of the Bee Network members about the competitive advantages resulting from their participation in the network. Furthermore, the study sought to identify the solutions reached by the Bee Network in relation to solidarity based cooperation that creates competitiveness. Porter´s (1996 model of five forces was used as a theoretical framework. The methodology was a case study and the data analyzed through descriptive and content analysis. The results indicated that the network formation has become a competitive advantage for the group of honey producers, who emphasized its benefits for their business, especially related to scale gains from the group´s purchases, governmental support for financing and training for honey production.

  3. The Competitiveness-Crisis Nexus in the EU Politics of Internal Devaluation. A Critical Political Economy Perspective

    Wigger, A.


    In response to Chancellor Merkel’s call for a ‘Competitiveness Compact’ at the World Economic Forum in Davos in January 2013, the European Commission has launched a package of new economic policies that are argued to be key for realising a "Genuine Monetary and Economic Union". Part and parcel of

  4. Development of innovative potential of the region as a way to increase Russian economy competitiveness in today's realities

    Yamkova S. P.


    Full Text Available the article explains the importance of the development of innovation as the economic competitiveness of regions of Russia. Considered term innovation potential of the region. The problems of development of innovative potential of the region and ways to solve them.

  5. A comparison of competitive intelligence activities in Brazil, Malaysia, Morocco and South Africa

    Adeline S.A. du Toit


    Research purpose: The purpose was to determine how these countries can use competitive intelligence to increase their competitiveness in the global economy. Motivation for the study: Competitive intelligence is a challenge in developing economies. Research design, approach and method: A questionnaire survey was sent to competitive intelligence professionals in the four study countries. Main findings: The most important primary information source used in all four countries is direct customer feedback and the most important secondary information source used is corporate websites. Companies in all four countries did not use advanced analysis techniques. Practical/managerial implications: It is recommended that all four countries should develop a competitive intelligence culture by creating awareness of competitive intelligence amongst their employees. Contribution/value added: It is crucial to apply competitive intelligence in the four countries in order to become more competitive in the global economy.

  6. Places to Go: Challenges to Multicultural Art Education in a Global Economy

    Desai, Dipti


    This article examines the relationship between globalization and postmodern multicultural art education. The questions that drive my investigation are: What is the role of postmodern multiculturalism in this current phase of globalization and what challenges does globalization pose for multiculturalism? I explore the shifts in the field of art…

  7. The Rise of Global Science and the Emerging Political Economy of International Research Collaborations

    Peters, Michael A.


    This article charts the rise of global science and a global science infrastructure as part of the emerging international knowledge system exemplifying a geography of knowledge and the importance of new info-communications networks. The article theorises the rise of global science, which still strongly reflects a Western bias and is highly…

  8. The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations

    Elizabeta Tosheva


    The experiences and lessons taken from the global economic crisis should serve as a basis for changing the current economic model with a new one in order the economy of the country to catch a connection with the intense changes that are expected to occur in the coming period. It is expected that creating new economic model in Republic of Macedonia will result in multiple positive effects that primarily manifested in the increasing number of newly small and medium enterprises, domestic investments, industrial production, GDP, number of new employees and total exports as well as in reduction of the trade deficit in maintaining macroeconomic stability of the country.

  9. "Power quality system," a new system of quality management for globalization: towards innovation and competitive advantages.

    Abdul-Rahman, H; Berawi, M A

    Knowledge Management (KM) addresses the critical issues of organizational adoption, survival and competence in the face of an increasingly changing environment. KM embodies organizational processes that seek a synergistic combination of the data and information processing capabilities of information and communication technologies (ICT), and the creative and innovative capacity of human beings to improve ICT In that role, knowledge management will improve quality management and avoid or minimize losses and weakness that usually come from poor performance as well as increase the competitive level of the company and its ability to survive in the global marketplace. To achieve quality, all parties including the clients, company consultants, contractors, entrepreneurs, suppliers, and the governing bodies (i.e., all involved stake-holders) need to collaborate and commit to achieving quality. The design based organizations in major business and construction companies have to be quality driven to support healthy growth in today's competitive market. In the march towards vision 2020 and globalization (i.e., the one world community) of many companies, their design based organizations need to have superior quality management and knowledge management to anticipate changes. The implementation of a quality system such as the ISO 9000 Standards, Total Quality Management, or Quality Function Deployment (QFD) focuses the company's resources towards achieving faster and better results in the global market with less cost. To anticipate the needs of the marketplace and clients as the world and technology change, a new system, which we call Power Quality System (PQS), has been designed. PQS is a combination of information and communication technologies (ICT) and the creative and innovative capacity of human beings to meet the challenges of the new world business and to develop high quality products.

  10. Outsmarting the gig-economy through collective bargaining – EU competition law as a barrier to smart cities?

    Schiek, Dagmar; Gideon, Andrea


    In August 2016, drivers delivering meals in London after being booked via the platforms ‘deliveroo’ and ‘UberEATS’ made headlines by challenging working practices in the gig-economy through collective in-dustrial action. Dissatisfaction resulted from extremely low levels of pay as well as a new payment cal-culation system being introduced without consultation. This indicates that the ‘gig-economy’ may not always constitute the smartest solution for those serving within it. However, it also hi...

  11. The Challenges for the Multilateral Trading System Raised by the Ongoing Structural Transformations in the Global Economy

    Agnes Ghibuțiu


    Full Text Available Over the last decade, international trade has been growing faster than global production, steadily increasing interdependence among nations. Sustained trade growth has been accompanied by profound changes in the patterns of trade flows, reflecting new production structures emerging under the impact of rapid progress in the development of transport, communications and information technologies, major shifts in the patterns of demand, rapid expansion of global production networks, and increasing integration of developing countries into the world economy. While global trade relations experienced a dramatic transformation during the last decade, the multilateral trading system and the WTO – the venue for international trade cooperation – failed to keep pace with the rapidly changing trade environment. Consequently, the world trade rule-book that is currently guiding international trade relations as a result of the Uruguay Round (1986-1994 and the creation of the WTO (in 1995 is stuck in the requirements of 20st century trade. Improving and adjusting multilateral trade rules and disciplines ranked among the main objectives of the Doha Round launched in 2001. However, trade negotiations have been stalled since 2008. And with this impasse, the legislative function of the WTO responsible for the elaboration of new rules has been also blocked, hindering thus the process of adjustment. This paper addresses the main challenges confrunting the multilateral trading system both in the long and short-term in its endeavour to adjust to the new realities of 21st century trade. More specifically, it takes a look at the key problems arising for international cooperation in trade from: (1 the continually shifting weight of economic power and influence within the world economy; (2 the dynamic spread of global production networks operated by TNCs; and (3 the explosion of regionalism and preferential trade agreements. Finally, the paper highlights the vital

  12. Higher Education Transformations for Global Competitiveness: Policy Responses, Social Consequences and Impact on the Academic Profession in Asia

    Mok, Ka Ho


    Since the mid-1990s, the pressure of globalization and the pressing demands of a knowledge economy led to a series of educational reforms. The focus of these was the promotion of quality education and massification of higher education. After the Asian financial crisis in 1997, the governments in different parts of Asia have implemented…

  13. Book reviews: Animal spirits. How human psychology drives the economy and why it matters for global capitalism

    Gheorghe MANOLESCU


    Full Text Available Animal spirits*. How human psychology drives the economy and why it matters for global capitalism helps us understand how the economic systems operate on the economic theory crisis background. The message of the book is recognizing the importance of irrationality factors in formulating the economic theory. The paper calls for reconsidering the economy fundamentals and principles, presenting a new way of understanding the significant economic phenomena that standard economic science cannot explain or accurately interpret. In this respect, a new way to revolutionize the economic thinking which might change the approach of the economic crises, unemployment, poverty, economic fluctuations and the like, is open. * The “animal spirits” collocation (coming from Latin spiritus animalis, where animus pertains to the soul or means to animate refers to that nervous fluid presently covering the psychological and emotional motivation factors. In a broad sense, the animal spirits refer to vivacity, to the natural state of a healthy animal, acting as an intermediary between the body and soul. In an economic context, Keynes speaks about the people’s strength and vitality determining them to make bold decisions and to invest money, effort and time in business initiatives. From an economic perspective, the animal spirits cover an element of anxiety and inconsistency present in the economy, the people’s unusual ambiguity and insecurity which sometimes paralyse them, while otherwise stimulate them overcome fear and hesitation.

  14. Globalization and innovation in emerging markets

    Gorodnichenko, Yuriy; Svejnar, Jan; Terrell, Katherine


    Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their competitive position. Using data on firms in 27 transition economies, the authors test for the effects of globalization through the impact of increased competition and foreign direct investment on domestic firms' efforts to innovate (raise their capability) by upgrading the...

  15. Competition of the connectivity with the local and the global order in polymer melts and crystals

    Bernini, S.; Puosi, F.; Barucco, M.; Leporini, D., E-mail: [Dipartimento di Fisica “Enrico Fermi,” Università di Pisa, Largo B.Pontecorvo 3, I-56127 Pisa (Italy)


    The competition between the connectivity and the local or global order in model fully flexible chain molecules is investigated by molecular-dynamics simulations. States with both missing (melts) and high (crystal) global order are considered. Local order is characterized within the first coordination shell (FCS) of a tagged monomer and found to be lower than in atomic systems in both melt and crystal. The role played by the bonds linking the tagged monomer to FCS monomers (radial bonds), and the bonds linking two FCS monomers (shell bonds) is investigated. The detailed analysis in terms of Steinhardt's orientation order parameters Q{sub l} (l = 2 − 10) reveals that increasing the number of shell bonds decreases the FCS order in both melt and crystal. Differently, the FCS arrangements organize the radial bonds. Even if the molecular chains are fully flexible, the distribution of the angle formed by adjacent radial bonds exhibits sharp contributions at the characteristic angles θ ≈ 70°, 122°, 180°. The fractions of adjacent radial bonds with θ ≈ 122°, 180° are enhanced by the global order of the crystal, whereas the fraction with 70° ≲ θ ≲ 110° is nearly unaffected by the crystallization. Kink defects, i.e., large lateral displacements of the chains, are evidenced in the crystalline state.

  16. Emergence of a biofuel economy in Tanzania : local developments and global connections from an institutional perspective

    Arora, S.; Caniëls, M.C.J.; Romijn, H.A.


    Jatropha is emerging as an important biofuel crop throughout developing countries in the tropics. Initially lauded as an environmentally-benign ‘wonder crop’ suitable for arid wasteland cultivation that would avoid competition with scarce livelihood resources, it has recently begun to attract

  17. The self as capital in the narrative economy: how biographical testimonies move activism in the Global South.

    Burchardt, Marian


    This article analyses and theorises the practice of biographical storytelling of HIV-positive AIDS activists in South Africa. Combining research in illness narratives, studies of emotions in social activism and analysis of global health institutions in Africa, I explore how biographical self-narrations are deployed to facilitate access to resources and knowledge and thus acquire material and symbolic value. I illustrate my argument through the analysis of the case of an AIDS activist who became a professional biographical storyteller. Based on the analysis which I claim to represent wider dynamics in human-rights-based health activism in the Global South, I propose the concept of narrative economies by which I mean the set of exchange relationships within which biographical self-narrations circulate and produce social value for individuals and organisations. © 2015 Foundation for the Sociology of Health & Illness.

  18. Statistical Physics of Economic Systems: a Survey for Open Economies

    Tao, Yong; Chen, Xun


    We extend the theoretical framework of an independent economy developed by Tao [Phys. Rev. E 82 (2010) 036118] so as to include multiple economies. Since the starting point of our framework is on the basis of the theory of the competitive markets of traditional economics, this framework shall be suitable for any free market. Our study shows that integration of world economies can decrease trade friction among economic systems, but may also cause a global economic crisis whenever economy disequilibrium occurs in any one of these economic systems.

  19. The New and the Future Look of the Economy

    Liliana CRĂCIUN


    Full Text Available The global financial situation and our future economy remain vital concerns for us all. As a result, the government and the business community have to stimulate the economy and give it new dimensions. Virtually everyone agrees on the importance of the economy, but no consensus has or is expected to be reached soon as to the definition of the economy. Economy as a “discipline”' is a concept torn apart by current economic crisis, where fierce competition, greed and consumerism will neither solve the crisis in progress nor will they rehabilitate the economy. It is true that the current economic crisis and the times of slower economic growth that will inevitably follow are old system-related symptoms of the excesses and the recklessness accumulated in time at global level, for which reason we see ourselves forced now to reconsider the options that are lay ahead and outline a clear future perspective.

  20. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

    Dr. Sumanjeet Singh


    Towards the end of 2008 the effects of global recession started getting reflectedin international trade. The fall in global demand and the slowing-down ineconomic growth translated into a substantial reduction in internationaltrade. It affected the cross-border trade of virtually all countries and economicsectors. Indian exports trade could not remain unaffected in a situation whereexternal demand was dwindling globally. The present paper reviews India’sexport performance during and following...

  1. Banking sector globalization and bank performance: A comparative analysis of low income countries with emerging markets and advanced economies

    Amit Ghosh


    Full Text Available A key feature of financial services liberalization is the increasing presence of foreign banks in a nation. This study examines the impact of banking sector globalization on bank profits and cost efficiency by using a panel of 169 nations spanning 1998–2013. Employing both fixed-effects and GMM estimations, and including banking-industry and macroeconomic controls, I find greater banking-sector globalization to reduce both profits and cost inefficiency, thereby reflecting increased competitiveness and informational asymmetries in host markets, as well as assimilation of better technology, managerial practices by domestic banks. The results are further examined for nations across different levels of economic development and with different degrees of foreign bank presence. Only in emerging markets and in nations with more than 50% foreign banks, greater banking sector globalization positively affects profits. From a policy perspective, the findings call for banking regulatory authorities to implement polices to reduce informational asymmetries in host markets.

  2. Thinking outside the mainstream; Canadian NGL plants face global competition and decline

    Jaremko, D.


    The nature of the natural gas liquids (NGL) market, and the future prospects of the Canadian NGL industry are discussed. In the short term, demand for NGLs like propane, ethane and condensate is up, the supply picture is good, and the profit margins for Canadian gas plants look positive. At the same time, staying competitive with oil-based naptha and global NGL imports is expected to become more difficult, and the longer term future is far from being without significant problems. Competition is likely to grow as the Canadian energy industry is increasingly looking to heavy oil and bitumen to meet coming energy demand needs; given that it takes about a thousand cubic feet of natural gas to produce each barrel of oil from the oilsands, serious impact on natural gas availability is inevitable, which in turn will affect the supply of NGLs. To reduce the pressure on natural gas, there is an urgent need to come up with other sources of heavy oil production; various options such as coal, nuclear power and even coal gasification are being investigated, albeit too slowly to arrest the decline of North American conventional gas production that started in 2001. Expert opinion is that the real hope for the NGL industry, as well as for the future of natural gas, is the stranded reserve in the Arctic which, however, is expected to flow soon from the Mackenzie Delta. While Arctic gas is expected to negate the impact of waterborne imports from other countries by the USA, the absence of overseas imports does not alter the fact that North America as a petrochemical manufacturer is no longer as competitive with other countries as it once was. The unpleasant reality is that new petrochemical plants are more likely to be built in the Far East and China, where both the feedstock as well as the labour, are much cheaper. 3 photos

  3. New Aspects Regarding the Role of Banks in Economy in the Context of Globalization

    Riana Iren RADU


    Full Text Available Globalization is a concept of widespread international circulation, launched since the last decade of the previous century in all academic, financial and commercial environments. Globalization has been a subject of debate, both for and against, through its differentiation due to the economic progress of the various participants in the process. In this paper we aimed to address the evolution of the banking phenomenon in the context of globalization and to highlight the differences in the structure in banking according to the main global financial indicators.


    Marcos Antônio Maia de Oliveira


    Full Text Available This paper considers strategic alliances as a means of obtaining advantage in the globalized logistics scenario. Through a particular case study of partnership and strategic alliance between national companies (Rapidão Cometa, Expresso Araçatuba and Transportadora Americana and an international one (FedEx Express, one may comprehend the impact on Rapidão Cometa, in as much as the increase in market share within the logistics market, as well as the subsequent consolidation before major national logistics operators, is concerned.Logistics - a field that holds a strategic function - supports the efficient management of the flow of materials / products, information and resources, both within the company and between the different organizations that participate in the entire value creation cycle.In Brazil, the perception of logistics as an integrating process and as a strategic tool came to light as of the 90´s, a decade mile stoned by rampant growth of international trade, by economic stabilization and by the privatization of infrastructure (Fleury, 2000.The environment in which companies currently operate is very complex and highly competitive. Therefore, they are seeking differentiation and the setting of competitive advantages over competitors. To achieve these goals, each tries to find its own path, however, amongst many a point in common might be perceived: the choice to apply logistics. (Ferraes Neto, 2001.

  5. Re-Inventing Teachers’ Competences at Early Childhood Education in Building Characters Needed for Global Competition

    Karmila Machmud


    Full Text Available The goal of this paper is to elaborate and to re-invent the competencies needed by early childhood education teachers. Building children’s character from an early age is significant, but the main problem that is often overlooked is the contribution of Early Childhood Education teachers. Children’s character formation is largely determined by the quality of early childhood teachers. So if we want to instill character values required by our nations, the improvement of the quality of early childhood teachers is very significant. In terms of shaping children’s character, they should be equipped with some important skills and competences, because they have a significant role in building the Indonesian Children’s characters needed in global competition without abandoning their identity as a dignified Indonesian.

  6. Rethinking work-health models for the new global economy: a qualitative analysis of emerging dimensions of work.

    Polanyi, Michael; Tompa, Emile


    Technology change, rising international trade and investment, and increased competition are changing the organization, distribution and nature of work in industrialized countries. To enhance productivity, employers are striving to increase innovation while minimizing costs. This is leading to an intensification of work demands on core employees and the outsourcing or casualization of more marginal tasks, often to contingent workers. The two prevailing models of work and health - demand-control and effort-reward imbalance - may not capture the full range of experiences of workers in today's increasingly flexible and competitive economies. To explore this proposition, we conducted a secondary qualitative analysis of interviews with 120 American workers [6]. Our analysis identifies aspects of work affecting the quality of workers' experiences that are largely overlooked by popular work-health models: the nature of social interactions with customers and clients; workers' belief in, and perception of, the importance of the product of their work. We suggest that the quality of work experiences is partly determined by the objective characteristics of the work environment, but also by the fit of the work environment with the worker's needs, interests, desires and personality, something not adequately captured in current models.

  7. Biomass Assessment. Assessment of global biomass potentials and their links to food, water, biodiversity, energy demand and economy. Inventory and analysis of existing studies. Supporting document

    Dornburg, V.; Faaij, A.; Verweij, P.; Banse, M.; Van Diepen, K.; Van Keulen, H.; Langeveld, H.; Meeusen, M.; Van de Ven, G.; Wester, F.; Alkemade, R.; Ten Brink, B.; Van den Born, G.J.; Van Oorschot, M.; Ros, J.; Smout, F.; Van Vuuren, D.; Van den Wijngaart, R.; Aiking, H.; Londo, M.; Mozaffarian, H.; Smekens, K.; Lysen, E.


    This supporting document contains the result from the inventory phase of the biomass assessment of global biomass potentials and their links to food, water, biodiversity, energy demand and economy. This study provides a comprehensive assessment of global biomass potential estimates, focusing on the various factors affecting these potentials, such as food supplies, water use, biodiversity, energy demands and agro-economics

  8. Globalizing Urban Economies and Social Inequality: an Empirical Assessment: The Case of Amsterdam and Rotterdam

    J.P.L. Burgers (Jack); J. van der Waal (Jeroen)


    textabstractOne of the key arguments in the grand narratives on globalization is that of time-space compression. Reflecting the discussion on the relations between globalization and inequality, this chapter argues that the most important local effect of the immensely increased mobility has been a

  9. Globalization and Institutional Change : Are Emerging Market Economies in Europe and Asia Converging?

    Hoen, Herman W.


    It is often stated that globalization leads to a smaller world by institutional convergence. Politico-economic orders become alike across the world. The article analyzes institutional change triggered by the global financial crisis of 2008/2009 and compares developments in emerging markets in Europe

  10. Post-2020 climate agreements in the major economies assessed in the light of global models

    Tavoni, Massimo; Kriegler, Elmar; Riahi, Keywan; van Vuuren, Detlef P.; Aboumahboub, Tino; Bowen, Alex; Calvin, Katherine; Campiglio, Emanuele; Kober, Tom; Jewell, Jessica; Luderer, Gunnar; Marangoni, Giacomo; McCollum, David; van Sluisveld, Mariësse; Zimmer, Anne; van der Zwaan, Bob


    Integrated assessment models can help in quantifying the implications of international climate agreements and regional climate action. This paper reviews scenario results from model intercomparison projects to explore different possible outcomes of post-2020 climate negotiations, recently announced pledges and their relation to the 2 °C target. We provide key information for all the major economies, such as the year of emission peaking, regional carbon budgets and emissions allowances. We highlight the distributional consequences of climate policies, and discuss the role of carbon markets for financing clean energy investments, and achieving efficiency and equity.

  11. Economic growth in Kosovo and in other countries in terms of globalization of world economy

    Lumnije Thaçi


    It is important to consider the fact that, despite the recent crisis, economic growth model, based on the deepening of EU integration process, in terms of finance, trade, labour markets and institutions, remains as best model for developing countries and Kosovo itself. Special treatment is given to achieved achievements and projections for the following years under policies compiled by the Government of the Republic of Kosovo to enable generic analysis for concrete situation of our national economy. Also, this paper shall explain the underlying factors which will influence on a more accelerated economic development.

  12. The economy-wide impact of multilateral NAMA tariff reductions:a global and Danish perspective

    Jensen, Hans Grinsted; Baltzer, Kenneth; Babula, Ronald; Frandsen, Søren E.


    The Non-Agricultural Market Access (NAMA) negotiations were a key area in the Doha development round, which was suspended indefinitely in July 2006. In this paper, we model and estimate the economic effects on the world and Danish economies of some of the more important proposals that will likely re-emerge in some form in the near future. We used the GTAP computable general-equilibrium model and database to simulate trade shock scenarios that mimic WTO's "August 2004 NAMA Framework", which pr...



    Full Text Available The Government of Rwanda has adopted a very ambitious financial sectordevelopment plan which is at the implementation stage. This has made the administration to create atleast one SACCO at every administrative level hence known as '' umurenge''. This plan is captured in the vision 2020 under the Economic Development and Poverty Reduction Strategy (EDPRS. It is realized that micro financial institutions MFIs is an important sector in mobilising savings and availability of credit at reasonable rates and other financial services for investment to the rural majority. However, despite all these effort by Government, the level of domestic savings remains very low and the financial exclusion highly alarming. MFIs is a strategy to eradicate poverty amongst the vulnerable youth and women. Mobile money is a tool to allow individuals to transact using cell phone technology. The study will explore how Digital Economy has gained competitive advantage over SACCOs/ MFIs. The study is motivated by the acceptance and embracing of technology (ICT amongst low income earners giving it competitive advantage and encouraging e-commerce services in Rwanda. A qualitative analysis will be undertaken, and an in depth examination of the variables using business models to establish a relationship in the Rwandan context.

  14. What Is Hampering the Development of Our Education? The New Economy and the New Education

    Maksakovskii, V. P.


    At the turn of the twenty-first century a paradigm shift in economic development is taking place in the world. This is reflected in the transition to what goes by the name of the new economy. Given birth by the information and communications revolution, this economy is developing under the conditions of globalization and competition while…

  15. Globalization

    Andru?cã Maria Carmen


    The field of globalization has highlighted an interdependence implied by a more harmonious understanding determined by the daily interaction between nations through the inducement of peace and the management of streamlining and the effectiveness of the global economy. For the functioning of the globalization, the developing countries that can be helped by the developed ones must be involved. The international community can contribute to the institution of the development environment of the gl...

  16. EU effect: Exporting emission standards for vehicles through the global market economy.

    Crippa, M; Janssens-Maenhout, G; Guizzardi, D; Galmarini, S


    Emission data from EDGAR (Emissions Database for Global Atmospheric Research), rather than economic data, are used to estimate the effect of policies and of the global exports of policy-regulated goods, such as vehicles, on global emissions. The results clearly show that the adoption of emission standards for the road transport sector in the two main global markets (Europe and North America) has led to the global proliferation of emission-regulated vehicles through exports, regardless the domestic regulation in the country of destination. It is in fact more economically convenient for vehicle manufacturers to produce and sell a standard product to the widest possible market and in the greatest possible amounts. The EU effect (European Union effect) is introduced as a global counterpart to the California effect. The former is a direct consequence of the penetration of the EURO standards in the global markets by European and Japanese manufacturers, which effectively export the standard worldwide. We analyze the effect on PM 2.5 emissions by comparing a scenario of non-EURO standards against the current estimates provided by EDGAR. We find that PM 2.5 emissions were reduced by more than 60% since the 1990s worldwide. Similar investigations on other pollutants confirm the hypothesis that the combined effect of technological regulations and their diffusion through global markets can also produce a positive effect on the global environment. While we acknowledge the positive feedback, we also demonstrate that current efforts and standards will be totally insufficient should the passenger car fleets in emerging markets reach Western per capita figures. If emerging countries reach the per capita vehicle number of the USA and Europe under current technological conditions, then the world will suffer pre-1990 emission levels. Copyright © 2016 Elsevier Ltd. All rights reserved.

  17. A hybrid energy-economy model for global integrated assessment of climate change, carbon mitigation and energy transformation

    Cai, Yiyong; Newth, David; Finnigan, John; Gunasekera, Don


    Highlights: • This paper introduces the design of a hybrid energy-economy model, GTEM-C. • The model offers a unified tool to analyse the energy-carbon-environment nexus. • Results are presented on global energy transformation due to carbon mitigation. • Electrification with renewable energies can contain the spiking of carbon prices. - Abstract: This paper introduces the design of the CSIRO variant of the Global Trade and Environment model (GTEM-C). GTEM-C is a hybrid model that combines the top-down macroeconomic representation of a computable general equilibrium model with the bottom-up engineering details of energy production. The model features detailed accounting for global energy flows that are embedded in traded energy goods, and it offers a unified framework to analyse the energy-carbon-environment nexus. As an illustrative example, we present simulation results on global energy transformation under the Intergovernmental Panel on Climate Change’s representative carbon pathways 4.5 and 8.5. By testing the model’s sensitivity to the relevant parameter, we find that the pace of electrification will significantly contain the spiking of carbon prices because electricity can be produced from carbon-free or less carbon-intensive technologies. The decoupling of energy use and carbon footprint, due to the uptake of clean electricity technologies, such as nuclear, wind, solar, and carbon capture and storage, allows the world to maintain high level of energy consumption, which is essential to economic growth

  18. Innovation incubators – entities of support of small and medium-sized enterprises’ competitiveness in the Modern economy

    Maier Lidia


    Full Text Available Innovation incubators are entities of the infrastructure network of support of small and medium-sized enterprises. At the stage of SMEs’ maximum vulnerability, they improve the survival of innovative businesses through the range of services and facilities provided. They are designed to mitigate the problems faced by SMEs, which develop and implement innovations, ensuring sustainability and competitiveness. Along with promoting the entrepreneurial spirit, innovation incubators play an essential role in promoting knowledge and innovation transfer, introduction of the research results into economic circuit, creating links between businesses, universities, research institutions, etc., links between people, talents and resources.In this article, we will focus on innovation incubators, their role in the development of SMEs in the world and in the Republic of Moldova, making an accent in the creation and development of the country's first Innovation Incubator „Inovatorul”.

  19. Finding synergy between local competitiveness and global sustainability to provide a future to nuclear energy

    Van Den Durpel, Luc; Yacout, Abdellatif; Wade, Dave


    The world's future energy needs will require a mix of energy conversion technologies matched to the local energy market needs while also responding to both local and global socio-political concerns, e.g. energy security, environmental impact, safety and non-proliferation. There is growing recognition worldwide that nuclear energy should not only be part of the solution but maybe as well play a larger share in future's energy supply. The sustainability of future nuclear energy systems is hereby important and a variety of studies have already shown that sustainability of nuclear energy from a resource perspective is achievable via the nuclear fuel cycle though where economic sustainability is essentially defined by the nuclear power plants. The main challenge in deploying sustainable nuclear energy systems will be to find synergies between this local competitiveness of nuclear power plants and the global resource sustainability defined via the nuclear fuel cycle. Both may go hand-in-hand in the long-term but may need government guidance in starting the transition towards such future sustainable nuclear energy systems. (authors)

  20. Global analysis of an impulsive delayed Lotka-Volterra competition system

    Xia, Yonghui


    In this paper, a retarded impulsive n-species Lotka-Volterra competition system with feedback controls is studied. Some sufficient conditions are obtained to guarantee the global exponential stability and global asymptotic stability of a unique equilibrium for such a high-dimensional biological system. The problem considered in this paper is in many aspects more general and incorporates as special cases various problems which have been extensively studied in the literature. Moreover, applying the obtained results to some special cases, I derive some new criteria which generalize and greatly improve some well known results. A method is proposed to investigate biological systems subjected to the effect of both impulses and delays. The method is based on Banach fixed point theory and matrix's spectral theory as well as Lyapunov function. Moreover, some novel analytic techniques are employed to study GAS and GES. It is believed that the method can be extended to other high-dimensional biological systems and complex neural networks. Finally, two examples show the feasibility of the results.

  1. Islamic Identity and Competitive Identities (Global, National and Ethnic Identity; A Case Study of Shiraz University Students

    Mohammadtaghi Iman


    Full Text Available The verse of holy Koran "verily the most honored of you in the sight of Allah is [he who is] the most virtuous of you" directly shows that in god's willing there is no superiority of a man or a group than others except those who have piety to god. In fact, the Islamic identity focuses on the superiority of piety among humans and does not focus on superiority of a man or a group that causes Islamic identity theoretically be against other competitive identities such as ethnic, global and national identity. Therefore, this research aims to study the relationship between Islamic identity and competitive identities (ethnic, national and global. In this way based on Sheldon Stryker theory and survey method, 431 students have elected and have analyzed. The results have shown that there was positive significant relationship between Islamic identity, national and ethnic identity, and negative significant relationship between Islamic identity and global identity. In addition, multivariate regression results have shown that the variables national and global identities have explained 45 percent of the variation of Islamic identity variable. The results shows that national and ethnic identity amplify the Islamic identity and they have positive relationship with it and in fact they are not a competitive identity for Islamic identity but global identity has negative relationship with Islamic identity and therefore it is a competitive identity for Islamic identity.

  2. Foreword. The Knowledge Economy: The Present Future

    Constantin Bratianu


    Full Text Available All the statistics and evaluations show that the Knowledge Economy is our future. However, a close look at the developed economies demonstrates that the Knowledge Economy is already here, shaping our present time. Although there are many definitions of this new economic framework, their core content stresses the importance of data, information, and knowledge in the production of goods and delivering services in creating value for society. For instance, Powell and Snellman (2004, p.1999 define the knowledge economy as “production and services based on knowledge-intensive activities that contribute to an accelerated pace of technical and scientific advance, as well as a rapid obsolescence. The key component of the knowledge economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources”. In the knowledge economy, knowledge becomes a strategic resource (Davenport & Prusak, 2000; Nonaka & Takeuchi, 1995 and knowledge strategies contribute directly to the competitive advantage (Bratianu & Bolisani, 2015. In this new economy, data, information, and knowledge are the driving forces of development and the knowledge economy is the engine of the global economy growth...

  3. Legal Pluralism, Private Power, and the Impact of the Financial Crisis on the Global Political Economy

    Edward S. Cohen


    Full Text Available Private corporate actors have played a central role in the construction of the legal rules of globalized capitalism over the past four decades. In no sector has this been more true than in global finance, where private agents have reshaped the norms and practices of credit creation and allocation. The global financial crisis, however, has led many states to challenge aspects of this power and raised broader questions about the legitimacy and future of private power in the global legal order(s. In this paper, I argue that –while state actors have clawed back significant power in global finance– the specific powers of credit creation and allocation combined with the structural pull of transnational legal pluralism will enable major private financial institutions to retain substantial power in the face of these challenges and questions. In the process, I present some broad suggestion about how we can think about private power in the making of global commercial law. Durante las últimas cuatro décadas, actores corporativos privados han desempeñado un papel decisivo en la construcción de las normas legales del capitalismo globalizado. En ningún sector ha sido esto más cierto que en las finanzas globales, donde los agentes privados han reformado las normas y prácticas de la creación de crédito y asignación. La crisis financiera global, sin embargo, ha llevado a muchos estados a cuestionar aspectos de este poder y planteado cuestiones más amplias acerca de la legitimidad y el futuro del poder privado en el/los ordenamiento/s jurídico/s global/es. En este trabajo se sostiene que –mientras que los actores estatales han recuperado un poder significativo en las finanzas globales– los poderes específicos de la creación de crédito y asignación combinados con la fuerza estructural del pluralismo jurídico transnacional permitirán a las principales instituciones financieras privadas retener poder sustancial ante estos retos y preguntas


    V.A. Belkin


    Full Text Available The process of synchronization of greater and small waves of real gross national product of the USA and a total regional product of the Chelyabinsk area is shown on the materials of economic statistics. The conclusion about defining influence of dynamics of real gross national product of the USA on the basic macroeconomic parameters of the Chelyabinsk area owing to high dependence of its economy on export of metal products is done from here. It is evidently shown, that the modern world economic crisis quite keeps within the theory of greater cycles of an economic conjuncture of N.D. Kondratyev. To greater cycles of a total regional product of the Chelyabinsk area there correspond return greater cycles of inflation and unemployment.

  5. China – A New Center of Power in the Global Economy

    Sarmiza Pencea


    Full Text Available In its first part, this paper looks at China’s rapid economic transformation of the last more than three decades, at its accelerated, never-met-in-history growth, and at the factors underneath: masive investments, both foreign and local, technology and managerial know-how transfers, related productivity rises, huge exports and, hopefully, increasingly larger future domestic comsumption. In its second part, the article highlights China’s complex impact on world demand, supply and prices, resulting from its extensive development and from its new positioning in the world economy. Finally, the paper also looks at the negative externalities of China’s unsustainable development, in terms of land, water and air pollution, speedier depletion of the natural resources of the planet and climate change, stressing upon the ideea that while the whole mankind is affected, the first to suffer are the Chinese themselves.

  6. Lean Internationalization: How to Globalize Early and Fast in a Small Economy

    Michael Neubert


    Full Text Available This study examines the early market internationalization of 32 high-tech startups that operate internationally from small and open economies. It uses a comparative cross-national multiple case study research design to explore how such startups may differ in their speed of internationalization. Based on interviews with the founders, the speed of early market internationalization in these startups increases significantly due to the application of lean market development processes. The findings provide a basis for developing propositions for further comparative studies focusing on the early and fast internationalization of high-tech startups based in emerging and developed markets. The study contributes to the literature on networks, internationalization, and international entrepreneurship.

  7. Attitudes towards globalization and cosmopolitanism: cultural diversity, personal consumption and the national economy.

    Woodward, Ian; Skrbis, Zlatko; Bean, Clive


    One of the widely accepted consequences of globalization is the development of individual outlooks, behaviours and feelings that transcend local and national boundaries. This has encouraged a re-assessment of important assumptions about the nature of community, personal attachment and belonging in the face of unprecedented opportunities for culture, identities and politics to shape, and be shaped by, global events and processes. Recently, the upsurge of interest in the concept of cosmopolitanism has provided a promising new framework for understanding the nexus between cosmopolitan dispositions and global interconnectedness across cultural, political and economic realms. Using data from a representative social survey of Australians this paper investigates the negotiation of belonging under the conditions of globalization. The data tap into attitudes and behaviours associated with a broad gamut of cosmopolitan traits in the domains of culture, consumption, human rights, citizenship, and international governance. They show how cosmopolitan outlooks are shaped by social structural factors, and how forms of identification with humanity and the globe are fractured by boundaries of self and others, threats and opportunities, and the value of things global and local.

  8. Quantification of Competitive Game Demands of NCAA Division I College Football Players Using Global Positioning Systems.

    Wellman, Aaron D; Coad, Sam C; Goulet, Grant C; McLellan, Christopher P


    The aim of the present study was to examine the competitive physiological movement demands of National Collegiate Athletic Association (NCAA) Division I college football players using portable global positioning system (GPS) technology during games and to examine positional groups within offensive and defensive teams, to determine if a player's physiological requirements during games are influenced by playing position. Thirty-three NCAA Division I Football Bowl Subdivision football players were monitored using GPS receivers with integrated accelerometers (GPSports) during 12 regular season games throughout the 2014 season. Individual data sets (n = 295) from players were divided into offensive and defensive teams and subsequent position groups. Movement profile characteristics, including total, low-intensity, moderate-intensity, high-intensity, and sprint running distances (m), sprint counts, and acceleration and deceleration efforts, were assessed during games. A one-way ANOVA and post-hoc Bonferroni statistical analysis were used to determine differences in movement profiles between each position group within offensive and defensive teams. For both offensive and defensive teams, significant (p ≤ 0.05) differences exist between positional groups for game physical performance requirements. The results of the present study identified that wide receivers and defensive backs completed significantly (p ≤ 0.05) greater total distance, high-intensity running, sprint distance, and high-intensity acceleration and deceleration efforts than their respective offensive and defensive positional groups. Data from the present study provide novel quantification of position-specific physical demands of college football games and support the use of position-specific training in the preparation of NCAA Division I college football players for competition.

  9. Where have all the falcons gone? Saker falcon (falco cherrug exports in a global economy

    Paul B. Stretesky


    Full Text Available Within conservation biology growing evidence of the decline of the Saker falcon (falco cherrug population has directed attention to the role of the global falcon trade. Here, we examine factors that may explain the global Saker trade using ecological modernization, treadmill of production and unequal ecological exchange as theoretical frameworks. We estimate trends in Saker exports using the most comprehensive measure available – Convention on International Trade in Endangered Species of Wild Fauna and Flora Trade Database. Our analysis employs fixed effects regression techniques to control for unobserved heterogeneity between nations to isolate the most important drivers of Saker exports. We find that the rise in Saker exports are partly correlated with a nation's increasing income and growing dependence on trade. Such a situation infers that the global Saker falcon population will continue to diminish if conservation policy does not change and current economic conditions continue. Keywords: Avian conservation, Conservation governance, Wildlife trade, Biodiversity, Raptor decline

  10. The Role of Global University Rankings in the Process of Increasing the Competitiveness of Russian Education in the Context of Globalization and the Export of Educational Technologies

    Avralev, Nikita; Efimova, Irina


    Article is devoted to the new conditions for the development of society characterized by the reconstruction of the course of higher education by increasing the competitiveness of Russian universities in the world scientific and educational space and the global university rankings as indicators of the implementation of the integration process and…




    Full Text Available This research paper is a nexus of solutions brought in theory and real life situations in the frameworks ofcorporate governance, state governance and public administration. The approach on this paper was done by puttingtogether a 360 degree focus on real life situations that create the formal and informal mechanism that make the worldgo round and round, be it the through the rigorous eye of the private sector or the public sector.The first part of the paper slices the economic decision making pie in two halves, the global mechanismthrough the business’s vantage point and the global mechanism through the economy’s vantage point.

  12. Implementation of the knowledge economy paradigm in the strategy of national economy development

    Dmytro Lukianenko


    Full Text Available This paper studies the knowledge economy paradigm and the factors of its influence on the development of national economies in the context of transformation of the global competitive environment. It has been methodologically identified the basic categories and concepts concerning the determination of key factors and parameters of modern economic systems. It has been proved through the example of South Korea that implementation of the knowledge economy paradigm in long-term strategies initiated and supported by the state provides new opportunities of socio-economic progress. The basic problems of innovation-driven development of Ukraine’s economy through an assessment of its readiness to transition to the knowledge economy, compared with South Korea. The latter’s experience, despite the objective limitations, is regarded as an example of strategic success in formation of a creative innovation system.


    Brandusa Tudose


    Full Text Available Summarizing the results of theoretical and empirical research, the paper aims to analyze the impact of tax system on global competitiveness through the following three variables: taxation on incentives to invest; total tax rate and taxation on incentives to work. Summarizing the analysis to the European Union member states, the paper presents rankings and provides interpretations for each case. Luxembourg is the country where there is registered: a the biggest impact on competitiveness of tax policies supporting investment, b the largest fiscal affordability (measured by GDP/capita and total tax rate and c the most generous labor taxation system in the EU. However, in the ranking realized based on the global competitiveness index Luxembourg ranks on the 22nd place, on the first place being Finland.

  14. Theorizing Environmental Governance of the World System: Global Political Economy Theory and Some Applications to Stratospheric Ozone Politics

    Brian J. Gareau


    Full Text Available This paper incorporates world-systems perspectives into an analysis of global environmental politics, thus adjoining a political economic analysis of scale with studies of global environmental policy. It is the ability of some social groups and institutions to jump scale that determines how global environmental policies are shaped. The United States’ carbon-intensive economy is seen to face larger short-term costs from global environmental agreements than many other countries in the core of the world-system, but what remains unexplored in the environmental politics literature is the question of why the United States sees its long-term economic condition hindered by these agreements. This analysis points to the ways industry actors intervene at multiple scales of global environmental negotiations to affect national policy positions as well as larger discourses about science and risk. The article reviews the methyl bromide controversy in the Montreal Protocol to explain why this agreement has recently failed to live up to expectations in removing ozone-depleting substances. The United States is particularly responsible for this impediment: rather than innovate in response to new information and changing international contexts, industry actors have drawn upon US hegemony to enforce their dominant market positions. As the parties to the Montreal Protocol remain polarized over questions of methyl bromide use, this analysis calls for attention to the ways capital, states, and other social institutions are embedded in international environmental agreements and how they use such arrangements to obstruct successful multilateral agreements. I conclude by suggesting that environmental and other social movements might strategize in two ways: 1 by helping support an emergent ‘green hegemony’ (most apparent in Chinese policy as a counterhegemonic alternative, and 2 by developing strategies that account for the ways industry interests overlap with declining

  15. Best Practices for Repositioning, towards Global Competitiveness in Academic Libraries of Privately-Owned Universities (ALPUS) in Nigeria

    Eghe-Ohenmwen, Aghama


    Information is a bedrock of any developing society and that is the core purpose of university libraries. This enables staff and student to learn and teach students not just in theory but in practice. However, without well-established libraries the above role may not be implemented. Therefore, there is need for globally competitive libraries in…

  16. The impact of financial globalization and financialization on the economy in the current crisis through banking corporate governance

    Juan Antonio Azkunaga


    Full Text Available This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method, shows that the corporate governance of entities has adapted to the new social environment under the influence of the interests of the investors. The results of this paper suggest the need to monitor the over-emphasis on the maximization of short-term shareholder value without relativizing the risk taken to achieve it, as such, the emphasis on short-term shareholder value is considered a crucial contributing factor to the present crisis.

  17. China and the World Economy : A Global Value Chain Perspective on Exports, Incomes and Jobs

    Los, Bart; Timmer, Marcel; Vries, Gaaitzen J. de


    Based on a new dataset of world input-output tables we analyze the impact of foreign demand on Chinese factor incomes and employment since 1995. We extend the global input-output methodology introduced by Johnson and Noguera (2012) and find that exports of value added rapidly increased after 2001,

  18. Who Needs Critical Agency?: Educational Research and the Rhetorical Economy of Globalization

    Rice, J. A.; Vastola, Michael


    Current critical pedagogical scholarship has theorized the epistemological and social intersection between globalization and educational technology according to two distinct positions. For some, this intersection offers new liberatory knowledges and opportunities that can subvert social homogenization and economic disparity. For others, this…

  19. Regional, Continental, and Global Mobility to an Emerging Economy: The Case of South Africa

    Lee, Jenny J.; Sehoole, Chika


    This study examined mobility within the understudied region of southern Africa and particularly, the factors that drive and shape educational migration toward South Africa as a regional, continental, and global destination. Based on a survey administered to international students across seven South African universities, the findings revealed…

  20. Multiple Paths towards Education Privatization in a Globalizing World: A Cultural Political Economy Review

    Verger, Antoni; Fontdevila, Clara; Zancajo, Adrián


    Over the last two decades, education privatization has become a widespread phenomenon, affecting most education systems and giving place to a consistent increase in private school enrolment globally. However, far from being a monolithic phenomenon, privatization advances through a variety of context-sensitive policy processes that translate into…

  1. Asian Lifelong Learning in the Context of a Global Knowledge Economy: A Task Re-Visited

    Han, Soonghee


    This article revisits and reinterprets my previous paper. It is a snapshot of the lifelong learning system building in selected Asian countries, reflected in the mirror of the Asian Financial Crisis in the 1997s and the aftermath of that event. I reconsidered the arguments (1) the economic recession had delivered a global dimension of lifelong…

  2. Second-best carbon taxation in the global economy: The Green Paradox and carbon leakage revisited

    van der Ploeg, F.


    Acceleration of global warming resulting from a future carbon tax is large if the price elasticities of oil demand are large and that of oil supply is small. The fall in the world interest rate weakens this weak Green Paradox effect, especially if intertemporal substitution is weak. Still, social

  3. Higher Education and International Student Mobility in the Global Knowledge Economy: Revised and Updated Second Edition

    Guruz, Kemal


    Students and scholars leaving their homes in search of education and knowledge is not a new phenomenon. An indispensable resource for understanding the international mobility of students, this book reveals how the global mobility of such students, scholars, programs, and institutions of higher education have evolved over time. Kemal Guruz explores…

  4. The crisis of international human rights law in the global market economy

    Augenstein, D.H.


    The contribution argues that facticity of the human rights impacts of economic globalisation increasingly undermines the normativity of the state-centred conception of international human rights law. The exposure of the international legal order of states to the operations of global business

  5. The Crisis of International Human Rights Law in the Global Market Economy

    Augenstein, Daniel


    The article argues that the facticity of the human rights impacts of economic globalisation increasingly undermines the normativity of the state-centred conception of international human rights law. The exposure of the international legal order of states to the operations of global business entities

  6. Does the global economy mean more sweat? Trade, investment, migration and working hours in Europe

    Burgoon, B.; Raess, D.


    This paper investigates how international trade, investment and migration affect establishment-level standard weekly hours in Europe. These aspects of globalization have offsetting implications that make it unclear whether they spur, reduce or have little effect on standard hours. To explore these

  7. The Quest for Global Competitiveness: Promotion of Innovation and Entrepreneurial Universities in Singapore

    Mok, Ka Ho


    The economy of Singapore has been continuously reforming since its independence. In the late 1980s, the economy of Singapore depended heavily on the vibrant manufacturing sector formed by foreign direct investment and multinational companies. This article critically reviews the policies and reform measures adopted by the Singapore government in…

  8. Globalization of the Indian Economy: Effects on Sectoral/Regional/Employment Realignments

    Pohit, Sanjib


    Globalization of the Indian industry received significant thrust since July 1991. It is expected that the reforms will be beneficial for growth. Few would deny that there would be transitional costs. The purpose of this paper is to estimate the changes in employment that will be required across sectors, occupation, and regions within India. With regard to the impact on occupational characteristics of employees, our study indicates that the deepening of reforms give a boost primarily to em...

  9. The New Global Information Economy: Implications and Recommendations for Service-Oriented Architectures (SOAs)


    thinking to view themselves much like a metropolitan chamber of commerce would view their industrial capabilities, as a part of an evolving global...powerful and influential than top down control. This worldview implies that “cities” must develop the equivalent of the traditional “ chamber of commerce ” that...aggregate capabilities just as a metropolitan chamber of commerce would promote the capabilities of their city.10 We advise DoD to work aggressively to

  10. White hats or Don Quixotes? Human rights vigilantes in the global economy

    Kimberly Ann Elliot; Richard B. Freeman


    With the continuing expansion of global economic integration, labor standards in developing countries have become a hot button issue. One result has been a proliferation of efforts to use the market to put pressure directly on multinational corporations to improve wages and working conditions in their overseas operations and to insist that their suppliers do so as well. This paper analyzes the dynamics of these efforts in terms of a 'market for standards' in which consumers, stimulated by hum...

  11. Dilip Subramanian, Telecommunications Industry in India: State, Business and Labour in a Global Economy

    David Picherit


    Full Text Available In 1948, Indian Telephone Industries (ITI, a telecommunications equipment manufacturer, became India’s first State-run enterprise. In 2009, the company was privatized. Dilip Subramanian’s book provides a remarkable in-depth history of the journey of this Indian State-owned factory in post-colonial India, from the birth of the Nehruvian model of industrialization to the contemporary deregulation of the telecommunications industry. In a context of global neoliberal policies and discourses agai...

  12. The Crisis of the Existing Global Paradigm of Governance and Political Economy

    Winston P. Nagan


    Full Text Available This article seeks to underline the central challenges to world order that are outcomes of our current system of global, social, power and constitutional processes. The article outlines these major problems which it is suggested represent a crisis for the future trajectory of human survival and well-being. The paper then uses the problem of the emergence of transnational criminal activity in order to underline the limits of the current global paradigm of governance. In effect, in the criminal law context the jurisdiction of sovereign states to attack the problem of transnational crime is hedged with severe limitations. The most important of these limitations is the fact that the jurisdiction over crimes by sovereigns is limited by the territorial character of the definition of sovereignty. Thus a sovereign has a limited capacity to control and police criminal activity whose main locus of operation is generated outside of the territorial reach of the sovereign state. This essentially means that the element of global governance generates a juridical vacuum which permits organized crime to flourish outside of the boundaries of the state but at the same time, having the capacity to penetrate and corrupt the social, political and juridical processes of the sovereign state. The article explores the effort of the UN to provide some form of response to this crisis in the form of an international agreement.


    Mihaela Loredana LĂPĂDUŞI


    Full Text Available Modern technology, especially the technology based on computer science and automation offer the moderncompanies strategic resources to build the competition advantage. One of the best examples to obtain the competitionadvantage by using the automation systems in the case of logistic activities is given by the European, American andJapanese firms who on the background of using electronics and cybernetics in demands, the regional distributionmanagers have tried to satisfy the requirements of some regional clients. The leading teams in the above mentionedstates noticed the potential of this method and offered the necessary support and development funds to implement themat the level of the companies. The experience of modern firms, organizations and institutions in the domain of logisticshas demonstrated that there is greater and greater discrepancy between the possibilities offered by the moderntechnologies and their effective utilization by the companies. Many managers do not have the necessary expertise andexperience in the management of the modern technology and that why they have difficulties when they have to connectthe new strategic possibilities and the activity of their company.

  14. Global Energy-Economy-Environment (E3) Scenarios to 2050 and Beyond

    Schrattenholzer, L.


    The Environmentally Compatible Energy Strategies (ECS) Program at the International Institute for Applied Systems Analysis (IIASA) develops policy-relevant global and world-regional energy perspectives. The basic premise of the ECS's research program is a global trend of d ecarbonization . Firstly, decarbonization includes a trend toward ever-greater efficiency, or ever less waste, in society's use of energy resources. Secondly, it includes a trend towards less carbon-intensive fossil fuels (e.g., from coal toward natural gas) and, further, to non-fossil fuels, especially renewable energy carriers. Technological change is generally regarded as one of the key drivers of sustained economic growth. Long-term energy scenarios developed at IIASA and elsewhere show that, depending on key assumptions on drivers such as population, economic growth and technological development, global energy development can be environmentally unsustainable. First, energy development might not lead to stabilizing greenhouse concentrations and might thus have significant negative impacts on the global climate. In addition, some, especially coal-intensive, scenarios might lead to levels of acid deposition at which significant damage to sensitive ecosystems is expected to occur in Europe and, even more so, in Asia. A continuation of the observed historical long-term trends of decarbonization, dematerialization, and energy efficiency improvements might therefore not be sufficient to achieve sustainable growth. Targeted technological development aiming at accelerating decarbonization, dematerialization, and/or efficiency improvement may be one of the most effective means for reconciling economic growth with global environmental objectives. This might require a step-up in investments in R and D and in the demonstration of technologies so as to stimulate both learning-by-searching and learning-by-doing. In this presentation, global E3 scenarios will be summarized in the following three groups: Non

  15. Air pollution and climate-forcing impacts of a global hydrogen economy.

    Schultz, Martin G; Diehl, Thomas; Brasseur, Guy P; Zittel, Werner


    If today's surface traffic fleet were powered entirely by hydrogen fuel cell technology, anthropogenic emissions of the ozone precursors nitrogen oxide (NOx) and carbon monoxide could be reduced by up to 50%, leading to significant improvements in air quality throughout the Northern Hemisphere. Model simulations of such a scenario predict a decrease in global OH and an increased lifetime of methane, caused primarily by the reduction of the NOx emissions. The sign of the change in climate forcing caused by carbon dioxide and methane depends on the technology used to generate the molecular hydrogen. A possible rise in atmospheric hydrogen concentrations is unlikely to cause significant perturbations of the climate system.

  16. Political Economy of Finance

    Perotti, E.


    This survey reviews how a recent political economy literature helps explaining variation in governance, competition, funding composition and access to credit. Evolution in political institutions can account for financial evolution, and appear critical to explain rapid changes in financial structure,

  17. Long-run evolution of the global economy: 1. Physical basis

    Garrett, Timothy J.


    Climate change is a two-way street during the Anthropocene: civilization depends upon a favorable climate at the same time that it modifies it. Yet studies that forecast economic growth employ fundamentally different equations and assumptions than those used to model Earth's physical, chemical, and biological processes. In the interest of establishing a common theoretical framework, this article treats humanity like any other physical process; that is, as an open, nonequilibrium thermodynamic system that sustains existing circulations and furthers its material growth through the consumption and dissipation of energy. The link of physical to economic quantities comes from a prior result that establishes a fixed relationship between rates of global energy consumption and a historical accumulation of global economic wealth. What follows are nonequilibrium prognostic expressions for how wealth, energy consumption, and the Gross World Product (GWP) grow with time. This paper shows that the key components that determine whether civilization "innovates" itself toward faster economic growth include energy reserve discovery, improvements to human and infrastructure longevity, and reductions in the amount of energy required to extract raw materials. Growth slows due to a combination of prior growth, energy reserve depletion, and a "fraying" of civilization networks due to natural disasters. Theoretical and numerical arguments suggest that when growth rates approach zero, civilization becomes fragile to such externalities as natural disasters, and the risk is for an accelerating collapse.

  18. The double burden of neoliberalism? Noncommunicable disease policies and the global political economy of risk.

    Glasgow, Sara; Schrecker, Ted


    The growing prevalence of NCDs in low- and middle-income countries (LMICs) is now recognized as one of the major global health policy issues of the early 21st century. Current official approaches reflect ambivalence about how health policy should approach the social determinants of health identified by the WHO Commission on the topic that released its report in 2008, and in particular the role of macro-scale economic and social processes. Authoritative framing of options for NCD prevention in advance of the September, 2011 UN high-level meeting on NCDs arguably relied on a selective reading of the scientific (including social scientific) evidence, and foregrounded a limited number of risk factors defined in terms of individual behavior: tobacco use, unhealthy diet, alcohol (ab)use and physical inactivity. The effect was to reproduce at a transnational level the individualization of responsibility for health that characterizes most health promotion initiatives in high-income countries, ignoring both the limited control that many people have over their exposure to these risk factors and the contribution of macro-scale processes like trade liberalization and the marketing activities of transnational corporations to the global burden of NCDs. An alternative perspective focuses on "the inequitable distribution of power, money, and resources" described by the WHO Commission, and the ways in which policies that address those inequities can avoid unintentional incorporation of neoliberal constructions of risk and responsibility. Copyright © 2016. Published by Elsevier Ltd.

  19. The competitiveness of nations and firms in a global context - implications for poverty alleviation in developing countries

    Kuada, John Ernest


    This chapter focuses attention on the human side of national and firm-level competitiveness in a dynamic global business environment. It introduces the concept of human capability development into the business economics literature, arguing that competitiveness depends on the overall capability...... of people, not only in a technical sense of having required work competencies and applying them efficiently but also on work attitude and behaviours that produce inter-human trust and collaboration. The human capability development construct is defined in terms of the following four sets of factors - (1...

  20. Innovative Strategies Development of the Company in Terms of Global Competition

    Radu Riana Iren; Necsulescu Ecaterina


    Blue ocean strategy challenges companies to emerge in the middle of the fierce competition that is by creating undisputed market areas which result in competition to become irrelevant. Only, instead of dividing the existing market demand, blue ocean strategy refers to a growing demand and to eliminate competition. Blue Ocean opportunities have always existed and have been explored as the universe expanded business. This expansion is the foundation of economic growth.