Economic Interactions Research Articles

Exploring the Dynamics of Miscommunication between Arabic and English in Economic Discourse

The main goal of this study is to gain a comprehensive understanding of the complex and diverse dynamics of miscommunication that occur during economic discussions between Arabic and English languages. By exploring this topic, the study aims to shed light on important questions about the origins of these misunderstandings and their effects on economic interactions. To achieve this objective, the research will draw upon valuable insights from previous agreements, intercultural bargaining, and global economic relations. It is crucial to emphasize that economic misunderstandings in conversations arise from various factors, including differences in language structure, disparities in cultural backgrounds, and varying contexts. These elements contribute to the confusion surrounding economic terminology, such as sentence structure, vocabulary and meaning difficulties, and contrasting communication styles. The research also examines the influence of cultural nuances and investigates how past events, cultural practices, and societal legacies shape the understanding of economic terms. The importance of effective communication in promoting trust and facilitating successful economic collaboration cannot be overstated. It goes beyond the economic implications of unfavorable trade terms and strained international relations. This research delves into the challenges faced by interpreters and negotiators, highlighting how technology can either alleviate or exacerbate the issue of miscommunication. Ultimately, it serves as a reminder that managers' misunderstandings play a pivotal role in economic dialogues. In today's interconnected global economy, clear and precise communication is essential for productive negotiations and the maintenance of long-lasting international business relationships. To address this, we propose proactive measures such as supporting training programs, leveraging technology wisely, and demonstrating a strong commitment to intercultural communication. The study underscores the significance of adopting effective communication strategies to navigate complex economic conversations and uphold harmonious global economic relationships in an ever-changing world.

A Comparative Analysis of the Level of Direct Commercial and Financial Relations: A Case Study of the Two Sides of the Taiwan Straits in the Past Ten Years

This research conducts a comprehensive analysis of the direct commercial and financial relations between Taiwan and mainland China over the past ten years, aiming to understand the depth, trends, and impacts of economic ties. The study employs a comparative analysis approach to leverage data from reputable sources such as the International Monetary Fund (IMF), World Bank, and official reports from Taiwan and China. The analysis of trade patterns reveals a consistent increase in volumes, showcasing a maturing economic relationship marked by the diversification of traded goods. Cross-Strait investments, particularly in critical sectors like technology and finance, highlight strategic collaborations and sector-specific interdependence. Financial relationships, examined through IMF reports and national financial institutions, demonstrate a deepening integration of banking ties despite geopolitical complexities. The study employs theoretical frameworks such as Complex Interdependence Theory and Political Economy Theory to interpret findings. The data analysis includes time-series analysis techniques to identify seasonality, trends, and cyclical patterns, providing insights for policymakers and businesses. The study's significance lies in its contribution to understanding the multifaceted nature of cross-Strait economic relations, emphasizing the endurance of economic interactions despite political complexities. The findings provide a nuanced foundation for improved bilateral relations, offering policymakers insights for strategic adjustments and fostering sustainable economic collaboration. In conclusion, this research contributes to the academic discourse on Taiwan-China economic relations by providing a detailed and empirically supported analysis. It addresses the intricacies of trade, investments, and financial collaborations, shedding light on the dynamics shaping the economic ties between these two entities.

Influence of Foreign Direct Investment on Economic Growth in Fujian Province

This paper aims to study the influence of foreign direct investment on economic growth in Fujian Province, and explore its mechanism and effect. As a form of transnational capital flow, foreign direct investment not only brings capital and technology to Fujian Province, but also promotes the development of industrial structure upgrading, employment increase and international competitiveness improvement. In the context of global economic integration, exploring the contribution of FDI to Fujian's economic growth will help deepen the understanding of global economic interaction and provide references and suggestions for relevant policy making. The research method is mainly based on the analysis of the statistical data of FDI in Fujian Province, combined with relevant economic theories and empirical research, in order to comprehensively and systematically evaluate the impact of FDI on economic growth in Fujian Province. Through the research findings, we can provide valuable references for government departments, enterprises and academia to formulate and optimize policy measures to attract foreign direct investment and promote the sustainable development of Fujian Province's economy.

Kazakh-European trade and economic relations

ABSTRACT This paper analyzes Kazakh-European trade and economic relations from 2012 to 2021, aiming to elucidate the dynamics, trends, and strategic implications of these bilateral interactions. The primary purpose of this research is to scrutinize the dynamics of Kazakhstan's trade and economic interactions with European countries, assessing the trends, challenges, and opportunities within this framework. Employing a methodology that combines analysis and synthesis, inductive and deductive reasoning, and statistical methods including ABC analysis in MS Excel, the study provides a comprehensive examination of Kazakhstan's trade volumes, exports, imports, and foreign direct investments with European countries. It was revealed that for the countries of Europe, the indicators of the volume of trade, exports, and imports, gross investments showed a greater drop than in the economy. Summarized information characterizing the institutional aspect of the formation of relations between Kazakhstan and European states highlights Kazakhstan's active participation in international organizations as a key driver in developing these relationships. The findings offer valuable insights for policymakers and business stakeholders, highlighting the need for strategic approaches in optimizing trade and investment relations between Kazakhstan and Europe.

Bootstraps, redlines and wage-theft: using Monopoly to critically examine American wealth inequality

Bootstraps, redlines and wage-theft: using Monopoly to critically examine American wealth inequality

Characteristics of Post-pandemic International Chinese Language Learning: Insights from X-Data

This study uses sentiment analysis and topic modeling to analyze X-data on Chinese language learning both before and after the pandemic. Our analysis reveals shifts in sentiment and topics, as well as their underlying causes. We observe a notable increase in online learning as the primary mode of international Chinese language learning, accompanied by an escalated demand for high quality online learning resources. There is also a discernible polarization of learning sentiments in the post-pandemic era. In addition, the former emphasis on cultural exchange in language learning has shifted to economic and trade interactions, highlighting the commercial facets of international Chinese education.

Navigating the Complexities of International Economic Law: Implications for Global Trade and Investment

This paper explores the multifaceted landscape of international economic law and its profound implications for global trade and investment. Through a detailed examination of key legal instruments and treaties, including the World Trade Organization (WTO) agreements, Bilateral Investment Treaties (BITs), and Regional Trade Agreements (RTAs), the study elucidates how these frameworks shape the regulatory environment for international commerce. Central principles of non-discrimination, most-favored-nation (MFN) treatment, and national treatment are dissected to understand their practical application and impact on trade and investment flows. The role of international organizations in creating, enforcing, and shaping the norms and standards of global economic interaction is critically assessed. Furthermore, the paper delves into the legal challenges and strategic considerations businesses face in navigating international trade, investment protection, intellectual property rights, and the burgeoning digital economy. By examining case studies and practical implementations, the study highlights the dynamic interaction between legal frameworks and business strategy in the context of digital trade, data protection, and the use of digital currencies and blockchain in trade finance. This comprehensive analysis aims to provide insights into the evolving landscape of international economic law and offer strategic guidance for businesses and policymakers navigating these complexities.

Перспективные тенденции и направления развития внешнеторговых отношений сотрудничества РФ со странами АСЕАН

In today’s globalized economy, the trends and prospects of international cooperation actualize the need for an in-depth analysis of bilateral relations. The relations of the Russian Federation with the ASEAN countries (Association of Southeast Asian Nations) remain under-researched in the context of dynamically changing geopolitical landscape and economic sanctions, which forms a gap in modern scientific literature. The attractiveness of this topic for the author is due to the possibility of identifying new vectors of economic interaction, which can contribute to the development of strategies to strengthen the position of the Russian Federation in the international arena. The purpose of the study is to identify and analyze promising trends in foreign trade relations between the Russian Federation (RF) and ASEAN. The tasks include the study of trade structure, dynamics of investment flows and the development of recommendations for deepening economic cooperation. The methodological basis is statistical analysis, modeling of economic processes and expert assessments. To ensure the representativeness of the sample, international trade data for the last decade were used, as well as the results of surveys of representatives of the business and expert communities. The main result is the confirmation of the hypothesis about the significant potential for the development of trade relations in the sectors of high technology, energy and agriculture. It is shown that interaction with ASEAN can contribute to the diversification of Russian exports and reduce dependence on traditional trade partners. The results of the study can be applied in the development of state programs of foreign economic activity and strategies of international cooperation. The article also outlines the limitations of the current research, which include the instability of the international political environment and economic sanctions. In-depth analysis of tariff and non-tariff barriers, the impact of digitalization on trade flows and the study of multilateral cooperation opportunities within the BRICS and SCO (Shanghai Cooperation Organization) frameworks are suggested as areas for future research.

Impact of Russia Ukraine War on Taiwanese Economy

The economy of Taiwan is characterized by a strong industrial base and high-tech manufacturing capabilities. It heavily relies on international trade, with the United States, China, Japan, and the European Union being major trading partners. While the trade volumes with Russia and Ukraine in 2021 were relatively smaller, there were ongoing economic interactions and potential for further growth. Geopolitical considerations, particularly related to China's influence, can impact Taiwan's trade relationships with various countries. The Russia-Ukraine war has had a major impact on the Taiwanese economy. The war has disrupted trade, tourism, energy prices, and supply chains, all of which have had a negative impact on the country's economic growth. The future outlook for the Taiwanese economy is uncertain, but the government is taking steps to mitigate the impact of the war.

New Thoughts and Prospects on the Role of City Diplomacy in China-Korea Relations under the Unprecedented Changes of the Past Century

Today's world is accelerating in the unprecedented changes of the century, China's emergence in the field of science and technology, the United States to Japan and South Korea to set up a chip alliance to limit China's scientific and technological development, which is a layer of complex geopolitical relations of the Northeast Asian region of the country's diplomatic outlook fog. China and South Korea, the two countries have a long history of interaction, especially since the establishment of diplomatic relations between the two countries rapid development of economic and trade exchanges, to the development of the two countries have brought significant benefits. With the evolution of the world pattern, especially the two major powers of China and the United States in the Asia-Pacific region of the strategic game, South Korea is faced with the dilemma of choosing sides, to the interaction between China and South Korea has brought great instability, to the humanities exchanges, economic and trade exchanges between the two countries also caused great inconvenience, affecting the two countries of the political, economic and diplomatic relations interaction. In the face of many dilemmas, the role of city diplomacy has become an effective way to maintain and promote normal exchanges between China and South Korea, and city diplomacy will make great contributions to the stability of China-South Korea relations.

The Role and Contribution of The New Institutional Economics In Economic System Performance

This study investigates new institutions' contributions and economic implications in current economic developments. This study uses a qualitative approach with a literature study method. The study illustrates key thought concepts and relevant works from figures such as Douglass North, Elinor Ostrom, Oliver Williamson, Ronald Coase, and Avner Greif through analysis of various reference sources, including books, journal articles, and other related publications. The results of the literature study show that New Institutional Economics has an essential contribution to understanding the role of formal and informal institutions in shaping economic behavior and Performance. Legal institutions, such as laws, regulations, and public policies, provide the framework for economic interactions, literature study results whereas informal institutions, such as norms, beliefs, and social networks, influence individual economic decisions. The importance of institutions and organizations in improving economic efficiency and overcoming problems arising in the economic system is also highlighted in this study. In the context of New Institutional Economics, institutions and organizations act as mechanisms for reducing transaction costs, resolving conflicts, and increasing trust and cooperation among economic actors. Its theoretical implications strengthen an understanding of how institutions and organizations can shape economic behavior and Performance. In contrast, its practical implications can provide direction for more relevant and effective public policies addressing economic and social problems.

Spatial Constraints on Economic Interactions: A Complexity Approach to the Japanese Inter-Firm Trade Network

The trade distance is an important constraining factor underpinning the emergence of social and economic interactions of complex systems. However, agent-based studies supported by the granular analysis of distances are limited. Here, we present a complexity method that places the actual geographical locations of individual firms in Japan at the epicentre of our research. By combining methods derived from network science together with information theory measures, and by using a comprehensive dataset of Japanese inter-firm business transactions, we evaluate the effects of spatial features on the structural patterns of the economy. We find that the normalised probability distributions of the distances between interacting firms obey a power law like decay concomitant with the sizes of firms and regions. Furthermore, small firms would reach large distances to become customers of large firms, while trading between either only small firms or only large firms tends to be at smaller distances. Furthermore, a time evolution analysis suggests a reduction in the overall average trading distances in last 20 years. Lastly, our analysis concerning the trading dynamics among prefectures indicates that the preference to trade with neighbouring prefectures tends to be more pronounced at rural regions as opposed to the larger central conurbations.

A Free Market of Morals: Boycotting, Liberalism, and Property

The development of the practice of boycotting during the Irish Land War (1879–82), and its subsequent spread beyond Ireland to the United States, sparked outrage and concern. This was prompted by the specific intellectual challenges the practice posed for liberals on both sides of the Atlantic. In relying on a liberal defense of free speech and freedom of association, early boycotters in the 1880s were able to demonstrate the dependence of property rights on social sanction while also remaining initially impervious to legal censure. As a result, the definition and extent of property rights came under scrutiny because of the ease and simplicity by which they could be curtailed through social force. It is observed here that consequent legislation to insulate commercial wealth from boycotting’s parallel moral economy required the reinforcement and development of political justifications of the state’s right to manage economic interactions in the name of social stability and public welfare. The paper argues that boycotting was so threatening to classical visions of liberal individualism precisely because it was so firmly grounded in individualistic premises. It observes not only that boycotters used the language of “free trade” to defend the practice but also that the practice itself contained latent political assumptions about social organization. The argument also suggests that, contrary to much current academic opinion, rights-based popular resistance can be directed toward egalitarian ends.

Changes in Economic Network Patterns and Influencing Factors in the Urban Agglomeration of Guangdong–Hong Kong–Macao Greater Bay Area: A Comprehensive Study

The aim of this study is to comprehensively evaluate the economic network patterns and their influencing factors of the Guangdong–Hong Kong–Macao Greater Bay Area (GHMGBA) in China, considering population scale, economic development level, and land-resource endowment. By employing a modified gravity model and a social-network method, we quantitatively analyzed urban agglomeration integrity indices, such as network density, edge–core structure, cohesive-subgroup index, and urban individual index (e.g., centrality degree) of this region, encompassing nine cities in Guangdong Province and two special administrative regions. The results revealed significant changes in the economic network patterns within the GHMGBA over time. Furthermore, the quadratic assignment procedure correlation analysis index was used to identify the various factors affecting the strength of the economic interaction. The findings demonstrated an annual increase in the strength of economic interaction between cities and regions within the GHMGBA over the past 20 years, along with the emergence of a polycentric economic development pattern. The results also suggest that the spatial location and level of economic development are key determinants influencing the strength of economic linkages in this area. This study supports the conclusion that deepening exchanges and cooperation among core cities, bolstering economic development in sub-core cities, and facilitating the construction of an integrated regional transportation network will expedite the process of economic integration.

The Geoeconomic Turn of the Single European Market? Conceptual Challenges and Empirical Trends

AbstractThe nature of global economic interactions is undergoing profound changes. Rising concerns over the security and strategic implications of economic interdependence are leading to what is often defined as a ‘geoeconomic world order’. In framing this Special Issue, this article sets a common conceptual ground to assess whether, how and why the single European market is experiencing such a geoeconomic turn and how EU responses are shaping other international actors in the process. It develops a research agenda to examine (i) the systemic pressures pushing towards geoeconomic responses, (ii) the internal drivers and processes determining the nature of the EU's geoeconomic turn (what we term ‘shades of geopoliticisation’) and (iii) the external consequences of the EU's embrace of geoeconomics. The analytical discussion is complemented by an overview of empirical trends, drawing examples from the various fields of market integration and European policy‐making covered in the contributions to this Special Issue.

Economic interactions that are beyond simulation

In this paper, we argue that not all economic interactions can be simulated. Specific types of interactions, instantiated in and instantiating of institutional structures, are embodied in ways that do not admit entailing laws and cannot be expressed in a computational model. Our arguments have two implications: (i) zero intelligence is not merely a computational phenomenon but requires an “embodied” coupling with the environment (theoretical implication); and (ii) some interactions, on which collective phenomena are based, are unprestatable and generate emerging phenomena which cannot be entailed by computation (methodological implication).

Теоретический подход к исследованию региональных торговых кластеров

The article discusses theoretical approaches to the analysis of trade clusters. One of the features of such clusters is their distributional type, which leads to a more complex structure of economic interactions. The purpose of this work is to systematize the theories of regional economics in order to create the basis of trade clusters study. Arguments are given in favor of the necessity to consider regional trade clusters based on the theory of consumption and spatial placement, which allows identifying a set of relationships inherent in trade structures and identify appropriate metrics for their analysis. The theory of consumption takes into account consumer preferences in formation of demand, as well as subsequent supply, which is associated with the search for optimal locations to place trading enterprises.

Current Challenges of International Legal Regulation of EAEU — China Partnership in Transport and Logistics

At the current stage of development of international relations, when factional trends in the foreign policy of such significant world leaders as the European Union and the United States are only gaining momentum, China has become the main strategic partner for Russia likewise for the EAEU. Due to the introduction of international sanctions against both China and Russia, reorientation of economic cooperation and, therefore, transportation and logistics routes to the East seems to be the most correct development paradigm. However, at the current level of development of science and technology, it is necessary to expand and intensify the formation of the array of international legal legislation to create an effective basis for legal regulation of the transport and logistics industry for the growth of synergistic effect of integration processes in the Eurasian space.Aim. To analyze various aspects of international legal regulation of the ways of integration of the EAEU and China in the transport and logistics sphere to increase the level of economic interaction between the partner countries.Tasks. It is proposed to consider the main trends in the formation of an array of international legal acts aimed at creating a basis for effective cooperation between China and the EAEU in the current geopolitical conditions, taking into account the need to develop advanced regulation of the introduction of digital technologies, including the development of logistics platforms, to create conditions for seamless cargo transportation in the Eurasian region.Methods. The study used formal-legal and comparative-legal methods, deduction, synthesis, induction, as well as abstraction and system method.Results. The necessity to develop unified regulatory requirements both in the sphere of technical operation of different types of transport and the creation of a regulatory framework for the development of conjugate EAEU-China transport and logistics digital infrastructure, providing seamless multimodal transportation to obtain a synergistic effect from the economic integration of the Eurasian region was substantiated.Conclusions. The comprehensive diagnosis of the effectiveness of international partnershop between the EAEU and China in transport and logistics proposed by the authors of the study will allow to adjust the existing strategy of interaction between the countries and increase the efficiency of Eurasian integration through the implementation of measures aimed at the development of seamless logistics.

When digital money meets relational surveillance: overseeing and reshaping people’s ordinary lives, emotions, and social relations in small towns and villages through Alipay

This study situates Alipay, China’s biggest financial platform, at the convergence of a communication medium that conveys symbolic messages, including the state’s political campaigns of the Chinese Dream and shared meanings of positive emotions, and a cultural technology that aims to improve, train, and monitor Chinese citizen subjects through a set of surveillance practices. I coin the term relational surveillance to broaden our understanding of how surveillance practices incorporate emotional differentials and power dynamics inherent in economic interactions, and how the characteristics of these interactions matter for the ways through which surveillance practices affect people’s social lives in small towns and villages. I suggest that everyday surveillance practices serve to establish, maintain, and reconfigure social relationships among users as borrowers, financial platforms as lenders, and local governors as facilitators and regulators. These practices involve the management of emotional connections toward economic well-being and the ritualization of self-monitoring, self-tracking, and self-disclosure as a special form of bookkeeping and record-keeping.

Asymmetric effects of international trade and foreign direct investment on economic growth: Empirical evidence from Vietnam

The research focuses on analyzing the non-linear effects of international commerce and foreign direct investment (FDI) on the economic growth of Vietnam. This study utilizes the Nonlinear Autoregressive Distributed Lag (NARDL) model to examine the asymmetric impacts of international trade and foreign investment on the Vietnamese economic growth from the first quarter of 2008 to the fourth quarter of 2021. The findings suggest that a rise in foreign investment during the first phase has favorable outcomes for economic growth, with a reported impact of 53%. Nevertheless, it is important to note that FDI does not only contribute to the enhancement of economic development. According to reports, foreign investment has a negative impact of 13% on the rate of economic growth when it exceeds a certain threshold. However, the results of the research also indicate that Vietnam continues to face certain negative implications as a result of international commerce. The study highlights the importance for developing nations, such as Vietnam, to practice prudence in their trade endeavors and the influx of foreign investments to mitigate any negative repercussions on their economies. These insights underscore the significance of strategic economic planning and policy formulation in navigating the complexities of global economic interactions.