Domestic Economic Situation Research Articles

Стратегія протистояння викликам глобалізації світового нафтового ринку: диверсифікація енергетичних джерел та розвиток відновлюваних технологій в Україні

The article explores the challenges of globalization in the global oil market and proposes a strategy for addressing them. It was found that the globalization of the oil market and related issues significantly affect Ukraine’s economy and population due to the country's heavy dependence on oil and petroleum imports to meet domestic needs. Along with the impact of global oil market challenges, the war in Ukraine has significantly affected the country's energy security and exacerbated economic problems related to oil import dependence. Russian aggression destroyed a substantial portion of the infrastructure, disrupted traditional energy supply chains, and forced Ukraine to seek alternative energy sources. The refusal to use oil from the aggressor country has necessitated finding new suppliers, a process complicated by high global market prices and logistical challenges. Therefore, energy security and reducing oil dependency have gained strategic importance for Ukraine. The military conflict has exposed the country's critical vulnerability to energy supply disruptions, prompting the government to explore new models of energy system development. Developing a strategy to counter the challenges of the global oil market is crucial for Ukraine, as it will help reduce the country's dependence on oil imports, which is a key factor in national security, particularly during wartime and geopolitical instability. The strategy to address the challenges of global oil market globalization focuses on several key areas: diversification of energy sources, development of renewable energy, energy efficiency and conservation, strengthening energy security, innovations and new technologies, reforms and regulatory policies, international cooperation, and integration. The proposed strategy will ensure the resilience of the energy system to external shocks and improve the domestic economic situation by mitigating the risks of price volatility and energy shortages. These initiatives will enhance energy independence, reduce reliance on global oil fluctuations, and ensure stable post-war development, forming the foundation for sustainable economic growth and well-being of the population.

Chinese Accounting Standards Convergence with International Financial Reporting Standards

As the global economy becomes more integrated, Chinese Accounting Standards (CAS) are gradually moving towards convergence with International Financial Reporting Standards (IFRS). So far, CAS and IFRS do still have a number of variations including content, format and setup mechanisms. This paper analyzes three main differences in the content between CAS and IFRS regarding the financial instrument, biological asset, and lease measurement. These differences may cause problems for international practitioners and investors. In addition, the paper discusses the influences of the global convergence of CAS and the challenges faced by the technology industry, listed companies, and government. It is recommended that China need to consider the domestic economic situation and policies when adopting IFRS, and properly adjust the content of the standard accordingly, so as to better meet the domestic needs and development prospects. And industries should balance convergence and market challenges and work together to shape a practical and comprehensive China accounting system to enable China to develop globally further.

New era Dalian Strengthens to People in the Private Economy in Ideological and Political Studies

Private economy is an important part of China's national economy, playing an irreplaceable role. In the new era, private economy is faced with various difficulties due to the changes of international economic environment and the development of domestic economic situation. An in-depth analysis of the new characteristics of the ideological and political work of private economic personages in Dalian, by optimizing the development environment of private economy, perfecting the mechanism of ideological and political work of private economy, screening the content of ideological and political work that matches the actual needs of private economy development, and making full use of modern multiple carriers, etc., it is of great significance to strengthen the ideological and political guidance of private economic personages in Dalian.

Sound Japanese corpus to help Jiangmen's cultural and tourism industry develop in high-quality

Nowadays, epidemic prevention and control are fully liberalized, the domestic economic situation is good, and the tourism fever climbs. The hit of the TV series "Rampage" made Jiangmen tourism become a popular tourist city for a while. For this reason, it is urgent to improve and supplement the translated foreign propaganda materials of Jiangmen attractions promptly, and at the same time increase its language variety, to help Chinese and foreign cultural exchanges, and then enhance the international influence of Jiangmen attractions. By analyzing the current situation of Japanese corpus translation of domestic attractions, combining with the existing Japanese corpus translation of foreign attractions that can be learned from, using the knowledge learned to try to supplement the Japanese translation materials of Jiangmen attractions, and providing reference opinions for the key issues raised.

Development Challenges in Egypt: Constraints, Practices, and Opportunities

This paper analyzes the constraints, practices, and opportunities of Egypt’s development. Egypt experienced economic stagnation under the regime of President Hosni Mubarak which was exacerbated by the political situation that resulted from its end. Egypt’s economic efforts stalled and it was not until the end of the power struggle between the Muslim Brotherhood and the Egyptian Army, during the counterrevolutionary period, that political normalcy returned to the extent needed to focus on improvements of the domestic economic situation. This phase resulted in the election of President Abdel Fatah El-Sisi whose policies fought back against terrorism and initiated successful developmental efforts to address developmental constraints. These initiatives range from diplomatic efforts to solve the Nile River dispute between Egypt and Ethiopia, building roads and bridges, encouraging foreign investment, and increasing the supply of electricity. There is still a long way to go in terms of building various industries, increasing exports, lowering unemployment rates, and encouraging tourism as an important source of income and also a vital means of obtaining foreign currency. Successful development efforts in Egypt will allow for increased levels of self-sufficiency regarding agriculture and water as well as broader levels of prosperity across other sectors of production.

Analysis of Domestic Acquisitions and Cross-Border Leveraged Buyouts of Companies

With the development of economy, Chinese companies have started to use M&A to expand their business, and more and more core acquisition funds are investing in LBOs. Meanwhile, the pace of China's economic opening to the outside world is gradually accelerating, and many companies are making cross-border M&A to enter the international market, and leveraged buyout, as a special form of M&A for multinational companies, has also attracted attention and spread widely. This paper first analyzes the basic principles, processes, and characteristics of leveraged buyouts. Based on the current situation in China and combined with specific cases, it points out the necessity and problems of applying leveraged buyouts in China. By analyzing and studying two domestic acquisition cases and two overseas acquisition cases, the paper draws some conclusions. Leveraged buyouts are to some extent applicable to M&A activities of Chinese companies. Despite the challenges they pose, leveraged buyouts will remain an important form of M&A for Chinese firms as long as China continues to improve its legal and financial environment and standardize its operational processes. Through an analysis of China's domestic economic situation and current policies on theories related to cross-border investment in overseas M&A, the advantages and risks of cross-border leveraged buyouts are explored and countermeasures for firms to learn from are proposed.

“Diplomacy of Heads of State”: Chinese Media about Xi Jinping’s Visit to Russia in March 2023

The visit of the President of the People’s Republic of China to the Russian Federation attracted a lot of attention from the Chinese media, which was manifested in a large number of publications on this topic in the media and social networks. The purpose of the study was to analyze news reports and messages on the Weibo social network about the state visit of the President of the People’s Republic of China to the Russian Federation and determine its role in strengthening bilateral relations between China and Russia. For the first time, the main principles of China’s foreign diplomacy, implemented in a particular state visit, were considered by the example of how they were perceived by public opinion. A content analysis of news reports from mainstream Chinese media showed that this diplomatic move is highly appreciated. The authors of the publications noted the high significance and effectiveness of this visit. A statistical analysis of publications on the Weibo social network showed that public opinion also generally assesses Xi Jinping’s visit to Russia positively, paying attention to the content side of Russian-Chinese relations. In general, strengthening and deepening the comprehensive strategic partnership between China and Russia in the new era is a strategic choice made by countries based on the domestic political and domestic economic situation, which is in line with the fundamental interests of the peoples of the two countries and the development trend of international relations. The results of the study showed that China has always pursued an independent foreign policy, and promoting the development of Russian-Chinese relations at a high level is a strategic choice made by China, taking into account its internal development and overall diplomatic strategy.

FOREIGN ECONOMIC ACTIVITIES OF UKRAINE IN THE SPHERE OF ARMS AND MILITARY EQUIPMENT

In the conditions of a full-scale war, increasing the efficiency of foreign economic activity, the effectiveness of the institutional infrastructure and the implementation of permanent state control over production, export/import operations in the field of weapons and military equipment has become extremely relevant. The purpose of the research is to generalize the regulatory framework, identify the features of the institutional infrastructure and critically analyze the practice of foreign economic activity in the field of armaments and military equipment, justify proposals for its improvement. The methodology of the research consisted of systematic, comparative and economic analysis. It was determined that the effectiveness of Ukraine's foreign economic activity in the field of armaments and military equipment is affected by such factors as the complexity and tension of the geopolitical situation, military aggression, imperfect regulation, lack of financial resources for the purchase of weapons in foreign countries in the conditions of restrictions on the international market and complex domestic economic situation, lack of technological capabilities for the production of complex systems and modernization of existing military equipment to quickly cover own defense needs and further export, and other factors.
 The analysis of regulatory and legal regulation and institutional infrastructure revealed the beginning of their significant transformation in terms of increasing transparency, accountability and economic efficiency of the foreign economic activity of armaments and military equipment. The assessment of the export potential of Ukraine in the field of armaments and military equipment revealed the ineffectiveness of the functioning of special exporters of the State Concern “Ukroboronprom” in connection with the use of “gray” schemes and the expediency of expanding the exporters of military equipment at the expense of attracting private enterprises. The post-war implementation of the Defense and Security Strengthening Program of Ukraine with the involvement of foreign investors should not only revive the export of domestic armaments and military equipment, but also “cleanse” the defense sphere of unscrupulous and inefficient participants. The dynamics of the obligations of the countries of the world and Ukraine's acquisition of weapons and military equipment are quite powerful, but they are not without certain problems regarding the unpreparedness of technical and technological capacities, the imperfection of the military-industrial complex of Europe in logistics and the production of significant volumes of weapons in a short period of time, bureaucratic obstacles and the impossibility rapid coordination and compliance with the requirements of legislation at the interstate level regarding pricing, taxation, etc. Directions were identified and proposals for improving the mechanism of foreign economic activity in the field of armaments and military equipment were formulated.

Green credit and PM2.5: a time-varying perspective of China

The causal link between green credit (GC) and particulate matter 2.5 (PM2.5) is discussed this paper for the case of China using the bootstrap rolling-window Granger causality test. The fresh empirical results show that GC had both positive and negative influences on PM2.5 in two separate sub-sample periods. In turn, PM2.5 positively and consistently affected GC in two sub-sample periods. In addition, time periods without causalities were also found in the sample. These inconsistent conclusions do not provide strong support for the hypothesis that GC and PM2.5 would affect each other throughout the whole sampling period. Government intervention, public environmental awareness, the domestic economic situation, and other factors were fully considered in interpreting the deviations in certain periods. Thus, the major contribution of this study is that the linear assumption of causality was relaxed, which is more in line with China’s realities. Some policies are suggested to further strengthen the construction of the GC framework and establish a multiparticipant GC system. Moreover, PM2.5 is an important reference and can be incorporated into enterprises’ green financing strategy.

Research on the reasons for the continued decline in corporate performance:evidence from SMEs of China

Nowadays, the domestic economic situation is changing rapidly, and many small and medium-sized board listed companies have been in a state of long-term decline in performance due to the impact of the domestic and foreign economic environment and their own structure. The performance is in a state of continuous decline, which means that there are problems in the corporate governance structure and management methods. Over time, the market share of the company will decline, the competitiveness will be reduced, and the company's reputation will be affected, which is not conducive to the sustainable development of the company in the rising period. The establishment of small and medium-sized board is an important measure for the country to improve the capital market, so it is necessary to analyze and improve the related research on the performance decline of small and medium-sized board companies. This paper proposes research hypotheses on the basis of previous research. The research results show that technological innovation, executive shareholding ratio, executive compensation and enterprise size have a negative impact on the continuous decline of performance, fixed assets are positively related to the continuous decline of performance, and there is no significant correlation between costs and corporate performance. Finally, on the basis of theoretical analysis and empirical test, some suggestions are put forward to effectively avoid the continuous decline of performance and improve the performance of enterprises.

External Threats to Russia's Economic Security

In modern conditions of uncertainty of the functioning of the national economy, the issues of analysis of external threats to Russia's economic security act as a way to assess the degree of its dependence on the actions of other states. The analysis of the main indicators in the field of economic security indicates a close relationship between external and internal threats, where external threats can be considered in some cases as a source of internal formation, which objectively increases the importance of strengthening national policies to ensure the protection of the economy from external influences. The research analyzed general directions of the influence of external threats on the domestic economy - such as high dependence of the national economy on unfriendly countries, the strengthening of foreign economic pressure on Russia, the attempts to destabilize the domestic economic situation through the termination of economic management, capital outflow, and pressure on others. We examined operational statistical data, conducted qualitative and quantitative analysis, and proposed measures to mitigate the impact of external threats with clarification of long-term prospects for the development of economic security.

On assessing the stability of the social and labor sphere in the Russian Federation in the context of the ongoing coronavirus pandemic

As in the previous year, the social and labor situation in the country and conflict potential in the labor sphere continued to take shape under the influence of the specifics of the COVID-19 pandemic and the unstable global and domestic economic situation. Under these conditions, the key factors determining the formation of the social and labor situation in the country showed multidirectional dynamics: the labor force remained stable at 75.4 million people and was supported by the delayed effect of the pension reform and labor migration, against the backdrop of the ongoing demographic decline; the number of officially registered unemployed was steadily declining and the situation on the labor market returned to pre-pandemic indicators (the unemployment rate reached 4.4% and became lower than in 2019; the maximum unemployment rate during the pandemic was noted in August 2020 at 6.4%, when about 3.5 million citizens were registered as unemployed); the number of employees laid off from Russian enterprises (institutions) consistently exceeded the number of employees hired throughout the year, therefore, the number of full-time employees at enterprises continued to go down and reached the level of 32.3 million people (1.6 million people during the year); against the backdrop of a gradual recovery of the economy, the number of part-time workers decreased and by the end of the year stabilized at 4.3 million people; the number of registered self-employed workers more than doubled, and those working on the secondary employment basis and under independent contractor agreements increased to 1.5 million people; the total wages arrears to employees of Russian enterprises (institutions) steadily decreased and in the fourth quarter reached an annual minimum of 1.257 billion rubles (-27% during the year).

Lessons and implications for the present of Chinese anti-crisis measures in 2015

So far this year, unlike other fragile emerging market economies, China has adhered to the fundamentals of developing its domestic economy and pursued an independent and accommodative monetary policy, diverging from the Fed's interest rate hike policy and gradually increasing its spillover impact on the domestic economy, which bears similarities to the context of the turnaround in the domestic economic situation in 2015. Against this background, it is of practical significance to study the causes of and responses to the turnaround in the economic situation in 2015, and to draw valuable lessons. The article will firstly analyse the reasons for the turnaround in the economic situation in 2015, secondly sort out the measures taken to cope with the turnaround in 2015 and their effects, and finally put forward suggestions to deal with the current economic situation.

Assessment of key factors in the formation of the social and labor situation and the development of social and labor conflicts in the context of the ongoing pandemic

The article is based on the materials of the analytical bulletin of the Center for Monitoring and Analysis of Social and Labor Conflicts of the Saint Petersburg Humanitarian University of Trade Unions. In the coming 2021, the social and labor situation in the Russian Federation and the conflict potential in the labor sphere continue to be formed under the influence of the development of the COVID-19 pandemic and the unstable global and domestic economic situation. The article presents statistical data on social and labor conflicts, the state of labor markets in single-industry towns, the introduction of lockdowns, and strike events. Based on the analysis of the changes in the social and labor sphere taking place in the country in connection with the COVID-19 pandemic, the author makes a forecast of further changes in social and labor relations in the country.

СОЦИАЛЬНЫЕ ПРИОРИТЕТЫ РАЗВИТИЯ РОССИЙСКОЙ ЭКОНОМИКИ

The article analyzes the main aspects of social policy in the modern Russian economy. In particular, the current demographic situation is assessed. It is concluded that the key factor in maintaining the size of the Russian population in the long-term prospect will be reduction of mortality. It is emphasized that a favorable domestic economic situation is a necessary factor in maintaining acceptable birth rates in the country. For several reasons, migration can no longer be considered as a stable factor of compensation for negative domestic demographic trends. Based on various statistical data, the contribution of population consumption to the formation of economic dynamics is considered. It is stated that along with the decisive contribution of the population’s demand to the formation of Gross Domestic Product (GDP), stable imbalances have developed in the structure of incomes and expenditures of the population, preventing qualitative shifts in the structure of consumption. These imbalances have a negative impact on the development of production and require special attention of the economic authorities. In this regard, it is proposed to change the focus of assessing the effectiveness of decisions in the field of economic policy from macroeconomic (based on macroeconomic and budgetary efficiency) to socio-economic, considering the impact of decisions in the field of economic policy or ongoing projects on employment, income of the population and the development of human capital sectors.

Increasing Human Resources Capacity Of Msme Markets Of Modern Tangereang South Tangereang

The difficult situation during the pandemic has made the domestic economic situation chaotic, especially for small and medium-sized businesses. This service activity is a form of concern for the world of education towards environmental conditions, especially during the pandemic. Service activities are carried out at the BSD modern market, South Tangerang. The activity method is carried out by means of digital marketing training for small and medium business actors in the BSD modern market. In addition, the participants were invited to practice creating digital stores in various domestic marketplaces. Then also taught about how to make sales internationally through the ebay, alibaba, and amazon marketplaces. The result of this activity is to increase the knowledge of small and medium businesses in the modern market of BSD in marketing their products online. Then help open a digital store, so they can sell their products online.

Argentina’s participation in the integration processes in Latin America

The article explores the role of the Argentine Republic in the integration process on the Latin American continent. Over the past 10 years, Argentina’s approaches to participation in integration associations have changed. It happened due to domestic political factors. First of all, with presidents who had different views on the country’s participation in integration processes. This applies to regional organizations such as MERCOSUR, UNASUR and CELAC. These integration associations have a strong influence on the development of the economic situation in the region. Argentina’s foreign policy was strongly influenced by the domestic economic situation. Overcoming domestic problems was the focus of Argentina’s leaders, which shaped various approaches to the country’s participation in integration associations. Special attention is paid to Argentina’s current economic situation as an engine of regional integration.

Features of the formation of labor relations in the Russian Federation in the context of the ongoing COVID-19 pandemic

The article is based on the materials of the analytical bulletin of the Center for Monitoring and Analysis of Social and Labor Conflicts of the St. Petersburg Humanitarian University of Trade Unions. In the coming 2021, the social and labor situation in the Russian Federation and the conflict potential in the labor sphere continue to be formed under the influence of the development of the COVID-19 pandemic and the unstable global and domestic economic situation. The article presents statistical data on social and labor conflicts, the state of labor markets in single-industry towns, the introduction of lockdowns, strike events. Based on the analysis of changes in the social and labor sphere taking place in the country in connection with the COVID-19 pandemic, the author makes a forecast of further changes in social and labor relations in the country.

Uncertainties of Trade Environment, Market Economy Status, and Anti-Dumping Investigations—Evidence from China

ABSTRACT Based on the in-depth analysis of the characteristics of anti-dumping investigations against China from the industry and country concentration degree, this paper finds that NES countries were still the main initiators of anti-dumping investigations, and the industrial sector was the concentrated area. On this basis, this paper adopts the comprehensive feasible generalized least squares method and negative binomial regression to empirically examine factors in anti-dumping investigations against China. The results show that market economic status is not the most critical factor in anti-dumping investigations against China, and the domestic economic situation of importers has a stronger impact.

DPP: Deep predictor for price movement from candlestick charts.

Forecasting the stock market prices is complicated and challenging since the price movement is affected by many factors such as releasing market news about earnings and profits, international and domestic economic situation, political events, monetary policy, major abrupt affairs, etc. In this work, a novel framework: deep predictor for price movement (DPP) using candlestick charts in the stock historical data is proposed. This framework comprises three steps: 1. decomposing a given candlestick chart into sub-charts; 2. using CNN-autoencoder to acquire the best representation of sub-charts; 3. applying RNN to predict the price movements from a collection of sub-chart representations. An extensive study is operated to assess the performance of the DPP based models using the trading data of Taiwan Stock Exchange Capitalization Weighted Stock Index and a stock market index, Nikkei 225, for the Tokyo Stock Exchange. Three baseline models based on IEM, Prophet, and LSTM approaches are compared with the DPP based models.