Impact Of Economic Globalization Research Articles

Fragmentation of international trade: interim results, challenges and policy issues

The article analyzes key issues related to the fragmentation of international trade at the current stage of global economic development. The impact of economic globalization on disruptions in modern international exchange is discussed, including in the chronological context of the formation of the modern structure of international trade. The main channels of trade fragmentation are identified, including the ambiguous dynamics of cross-border direct investment, the aggressiveness of export control measures taken by key countries, as well as stresses observed in the global payment system. A separate aspect of the study was the analysis of national security considerations dictating the use of various subsidies, which is an additional determinant of the fragmentation of international trade. It is proven that fragmentation has led to uncertainty and increased volatility in global raw materials markets, and has strengthened the speculative and "financialized" nature of their development. In general, international trade under the influence of fragmentation should become more adaptive, and it is necessary to continue developing multilateral cooperation, but it should take place in a fundamentally different format and with the help of alternative instruments aimed at developing new trade models.

Do global innovation networks influence the status of global value chains? Based on a patent cooperation network perspective

Under the impact of economic globalization, the internationalization of production and trade has given rise to global value chains (GVCs) and global innovation networks (GINs); however, few studies have explored the link between these two networks. This paper constructs a global innovation cooperation network based on patent cooperation data and then analyzes the impact of different network characteristics on improving global value chain status. Empirical research shows that the characteristics of GINs significantly affect GVC status; the higher the eigenvector centrality and network connectivity, the higher the country’s GVC status. Moreover, a higher degree of constraint is associated with a lower GVC status for the country concerned. The heterogeneity analysis further reveals apparent differences in the impact of GINs on different countries, manifesting as a catalytic effect in developed countries and as a disincentive in emerging economies; the effect is less apparent in developing countries. This paper provides theoretical support for the development of technological innovation activities and provides a reference for government departments to formulate policies on cross-border technological innovation cooperation.

The impact of economic globalization on income inequality in middle-income countries in Asia: An empirical analysis from 2018 to 2021

This study investigates the relationship between economic globalization and income inequality in Asia during the period from 2018 to 2021. The research aims to contribute to the academic and policy debates on the impact of globalization on income inequality and to identify effective policy measures that can help mitigate the negative effects of globalization on income distribution in Asian countries. In this study, the relationship between income inequality and economic globalization is analyzed using the Random Effects Model (REM) and Generalized Least Squares (GLS) estimation to address the issues of auto-correlated errors and heteroscedasticity in the selected model. The study utilizes secondary data from the World Bank about 28 middle-income countries in Asia, spanning the period from 2018 to 2021, the International Monetary Fund, and the United Nations Development Program. The results of the study indicate that economic globalization is positively correlated with income inequality. The findings of this study provide insights and recommendations that can help policymakers, academics, and other stakeholders better understand the complex relationship between economic globalization and income inequality and identify strategies for promoting more equitable economic growth and development in Asia.

DEVELOPMENT OF ADMINISTRATIVE PROCEEDINGS IN THE CONTEXT OF ECONOMIC GLOBALISATION

The subject of the study is the conceptual, theoretical, empirical and methodological foundations of the socio-economic and legal nature of the development of administrative justice in the context of economic globalisation. Methodology. The study uses general and special methods of cognition. Using the dialectical method, the authors differentiates the essence of the development of administrative justice in the context of economic globalisation on the legal and economic levels according to the relevant criteria. The analysis created the conditions for a multifaceted study of the complex of problems and prospects for the development of Ukrainian administrative justice in the context of economic globalisation from the perspective of economic and legal etymology. The synthesis created the conditions for generalising the characteristic features of administrative justice, taking into account the current trends and international legal and regulatory developments in this area. The formal legal method allowed to correctly interpret the content of international and national legal acts that define the directions for improving administrative justice in the context of economic globalisation. The purpose of the article is to identify the problems and directions of development of administrative justice in the context of economic globalization. The results of the study show that the problems of the current state of administrative justice in Ukraine are complex, and the ways to overcome them take into account various parameters that are directly or indirectly based on the principles of economic globalisation, which are primarily based on economic and legal principles. Among the areas for improvement of administrative procedures, those that primarily ensure effective protection of human rights and freedoms, in particular through the implementation of relevant international standards, occupy an important place. Conclusion. The study of the economic foundations for optimisation of administrative justice in Ukraine has made it possible to identify certain indicators which serve as socio-economic prerequisites for optimisation of administrative justice. The statistical data show that the areas of manifestation of the subject matter of administrative court proceedings are differentiated depending on the impact of economic globalisation on certain public law relations which give rise to the relevant public law disputes. The authors distinguishes between a group of public law disputes which are directly related to the phenomenon of economic globalisation, and public law disputes in which public interests of economic content are manifested. This contributes to the creation of certain, primarily legal, structures which would facilitate the optimisation of administrative proceedings in the context of economic globalisation, which has both an external, international and internal, national format. The above considerations of optimising administrative justice in the context of economic globalisation have made it possible to identify specific problems faced by Ukrainian justice, including administrative justice: 1) organisational; 2) legal support; 3) material, financial and social support of courts and judges; 4) functioning of the institution of judicial governance and self-government; 5) staffing; 6) ensuring access to justice. Among the areas of improvement of administrative justice, the following are considered in detail: implementation of the principles of the rule of law and procedural economy, introduction of digital technologies (elements of artificial intelligence), introduction of alternative forms of pre-trial and post-trial dispute resolution, optimisation of the zonal and territorial location of courts, implementation of international standards of administrative justice, and some others.

The impact of female chief executive officers, ownership, and globalization on ASEAN manufacturers' technical efficiency performance

The premature deindustrialization of Association of Southeast Asian Nations(ASEAN) economies has impeded their development by restricting all prospects for growth, including economies of scale, human capital development, and worker productivity. In male-dominated industries, sexism and discrimination may prevent women from attaining leadership positions, especially in manufacturing. This is especially apparent where women are viewed as less technical in ASEAN manufacturing. Therefore, this study employs the beta regression model to examine the impact of female CEOs and those with ownership on the technical efficiency and performance of ASEAN manufacturers. The impact of economic globalization via foreign direct investment (FDI) and exports on technical efficiency is also examined in this study. FDIs are found to enhance ASEAN manufacturers’ technical efficiency. This study also found that firms operated by female CEOs are more technically efficient, implying that they prefer stewardship-driven management strategies over agency-driven approaches. Female CEOs with ownership are likely to decrease technical efficiency, confirming the entrenchment hypothesis that their interests are not aligned with shareholders’ interests. In addition, skilled labor, ISO certification, IT use, and firm size boost their technical efficiency.

Unraveling the Nexus: The impact of economic globalization on the environment in Asian economies

Even if the globalization of the economy has resulted in changes in environmental quality, environmental policy formulation still requires research that integrates the KOF Globalization Index and the load capacity factor Index into a single framework. From 1996 to 2020, the study examined the effect of economic globalization on the environmental integrity of Asian economies. Utilizing a load capacity factor index as a proxy for environmental quality and the KOF economic globalization index to measure economic globalization is distinctive to this study. Checking the independent and interactive effects of economic globalization and institutional quality on environmental quality is another innovative aspect of this study. This study modified the conventional environmental Kuznets curve based on economic globalization to derive the geometry of the environmental Kuznets curve based on economic globalization. The System generalized method of moment technique is used to determine the long-term relationship between economic globalization and environmental quality. The system GMM analysis demonstrates a positive correlation between the globalization of the economy and environmental performance. In addition, the results corroborate the inverted U-shaped relationship between economic globalization and environmental quality for the 48 Asian economies analyzed. In addition, the results confirmed the importance of institutional quality in mitigating the negative impact of globalization on environmental quality. Consideration is given to policy recommendations based on these findings.

Unleashing the asymmetric effect of natural resources abundance on carbon emissions in regional comprehensive economic partnership: What role do economic globalization and disaggregating energy play?

The ratification of the Regional Comprehensive Economic Partnership (RCEP) agreement has laid the foundation for member states to accelerate their individual economic growth rates while also addressing sustainability concerns. However, there is limited documentation on the impact of economic globalization and natural resource abundance on decarbonization efforts within the RCEP nations. Therefore, this study aims to investigate the influence of disaggregated energy sources, economic globalization, natural resources, and economic growth on carbon emissions in the RCEP nations from 1990 to 2020. To achieve this, we employ various econometric approaches, including cointegration analysis, quantile regression to account for conditional heterogeneity, and panel Granger causality tests. The findings of this research provide valuable insights for policymakers. Specifically, the empirical evidence indicates that economic growth, natural resource availability, and non-renewable energy sources contribute to increased CO2 emissions, leading to environmental degradation in RCEP nations. On the other hand, the use of renewable energy and economic globalization enable RCEP nations to reduce their CO2 emissions, highlighting the importance of renewable energy in reducing dependence on hydrocarbons and enhancing environmental sustainability. To support green initiatives, it is crucial to strengthen and implement robust environmental policies within the RCEP nations.

Impact of economic globalisation and productivity on labour share in India and China

Impact of economic globalisation and productivity on labour share in India and China

Analysis of Management Innovation of State-Owned Enterprises in the Context of Artificial Intelligence and Market-Oriented Economic Fluctuations

At this stage, with the development of society, China’s modernization level has also been greatly improved. Under the background of artificial intelligence and the impact of economic globalization, China’s external economic environment is changing with each passing day. Chinese enterprises are looking for new development ways to maintain their own development vitality under the condition of artificial intelligence. State-owned enterprises are controlled by the central or local governments. On this basis, this paper mainly discusses the innovative methods of state-owned enterprise management under the background of artificial intelligence, so as to provide reference for the innovation of state-owned enterprise management.

Heilan Home Supply Chain Cost Management Case Analysis Report

The garment industry has always been an important pillar of national economic development, with the changes in China's market economic system, the gradual improvement of people's living standards, consumers for clothing style, quality, price and so on have put forward higher requirements. Coupled with the impact of economic globalization, more and more foreign brands have also been favored by consumers, which has undoubtedly intensified the competition in the domestic apparel industry, and now the competition between enterprises has gradually transformed into the competition between the supply chain and the supply chain where the enterprise is located. In recent years, driven by the wave of "Industry 4.0" and "Made in China 2025", intelligent manufacturing has become a breakthrough in manufacturing innovation and upgrading. In a smart environment, creating a smart and efficient supply chain is the key for manufacturing companies to gain an advantage in the competition, and the same is true for the apparel industry. Therefore, this paper selects Heilan Home, a leading brand in the domestic apparel industry, to analyze, study its cost management problems in the supply chain and make appropriate suggestions.

CLIMATE CHANGE AND COVID-19 IN THE KRUGER TO CANYONS BIOSPHERE REGION, SOUTH AFRICA AND AMAZONAS, BRAZIL

Climate change is predicted to exert further stress on already exploited ecologies and healthcare systems, added to this, the coronavirus SARS-CoV-2 (Covid-19) has signified a stimulus to revolutionize existing models of sustainable development in broad, and sustainable supply chains in the healthcare sector in particular. The Kruger to Canyons Biosphere Region in South Africa and the Amazonas state in Brazil serve as geographic case studies for this paper. The impact of economic globalization, natural catastrophes such as droughts, economic and geopolitical stresses, deforestation, economic and healthcare access inequalities in these two biomes converge with issues of climate change, and undercut coping mechanisms that are customarily used to oversee extreme events such as pandemics. The Covid-19 pandemic has deepened many of the economic and social difficulties which South Africa and Brazil are already facing. In comparison to Brazil, South Africa’s overall response to the pandemic can be regarded as a standout. By borrowing from best practices from prior public health responses to heath emergencies in South Africa, such as the tuberculosis and the HIV/AIDS crisis, South Africa has demonstrated its comparatively successful means of dealing with Covid-19.

Impact of economic globalisation on agriculture in developing countries: A review

Economic globalisation (EG) in developing countries has continued to increase over the last 40 years. EG has both beneficial and harmful impacts on all sectors, including agriculture. This paper aims to determine the impact of EG on agriculture in developing countries. This aim was met by conducting a systematic review (SR) of 64 papers from Scopus and Web of Science (WoS). EG has influenced various elements of agriculture in developing countries, including i) product, supply chain, food security, ii) trade, iii) economic, social, political element and environment and iv) technology and research and development (R&D). We propose several policies in this paper to maximise EG's positive impact while minimising its negative impact.

Research on the Influence of Economic Globalization on International Relations in the Background of Big Data and Internet of Things

Under the current background of the continuous development of big data and Internet of Things technology, the ability to collect and process data has become one of the core competitiveness of the country. A good information management model can help the country obtain more information resources and take the lead in the competition of national power. More opportunities to get more benefits. At the same time, economic globalization is no longer just a concept. Countries have become global economic villages, and the relations between countries have undergone tremendous changes in the context of technological and economic globalization. Research on the impact of changes in relations between countries can enable us to formulate effective diplomatic strategies to defend territory and sovereignty. At the same time, it can also allow us to recognize the current international situation and understand the laws of social development as a whole. Economic globalization has become more realistic in the current era of the Internet of Everything, and it has become an unchangeable form of development. Big data has changed the development model of the economy and various industries and has also added new forecasting tools to the development of international relations. International relations have also become closer in this context, and international culture, politics, and economy are almost integrated into a whole. This paper first analyzes the basic concepts of big data, the Internet of Things, economic globalization, and international relations and then describes the profound impact of economic globalization on international relations under the background of big data and the Internet of Things from the perspectives of culture, politics, and economy, using the method of online questionnaire survey to interview the diplomatic staff of different countries and using the statistical analysis method to analyze the obtained questionnaire data, and finally obtain the background of big data and the Internet of Things and the different effects of economic globalization on international relations effect of direction. The contribution of this paper is to provide innovative solutions to promote the development of relations between countries in the context of big data and the Internet of Things.

Study on the Impact of Cross-border Capital Flows on Income Inequality

The impact of economic globalization on income inequality has always been the focus of development economics research. The process of globalization in the past few decades shows that economic globalization is mainly the globalization of commodity trade and the globalization of capital flow. This paper mainly studies the impact of cross-border capital flows on income inequality, using cross-border panel data from 109 countries or regions from 1973 to 2015, and using the systematic GMM method to study the impact of cross-border capital flows on income inequality under different financial depths, and finally put forward policy recommendations to improve income inequality.

Impact of Economic Globalization on International Relations under the Background of Wireless Communication and Artificial Intelligence

Politics and economics are closely related, and it is not an exaggeration to say that it depends on the latter. Therefore, changes in international relations can be analyzed in the context of economic development. After entering the twenty-first century, the development of information technology and the rapid improvement of transportation capabilities have made the cost of human beings’ cross-regional trade lower and lower; the production and circulation of products all over the world have gradually formed an integration and have been integrated more and more closely. The circulation of resources and even financial capital is accelerating to be integrated, and the global economy is rapidly integrating. The shock of any major economy will almost cause instability in the global economy. Against this background, the political relations between countries are generally relatively harmonious. Although there are occasional regional conflicts, they are generally relatively peaceful. Especially in recent years, under the background that wireless communication and artificial intelligence decision-making have brought drastic changes to human production and life, the economic closeness of countries has reached an unprecedented level. At the same time, the complexity and volatility of international relations have also increased considerably. In order to better cope with this complex form, we are required to discuss the trends of international economic development in the context of today’s technology. The purpose of this research is to analyze the impact of economic globalization on international relations under the background of wireless communication and artificial intelligence, and to sort out the new features of economic globalization in this context, and its possible implications for international relations’ impact. Then, it further discusses how my country can better safeguard its own rights and interests through the adjustment of international policies under such a background.

Analisa Kinerja Keuangan Kppri Dengan Pendekatan Laporan Keuangan Pada Kppri

Economic development in today is very fast, this can be seen from the changes that are happening now, these changes are the impact of economic globalization which is none other than trade liberalization and free market economic investment, as a result of that free market is likely to occur competition free tight, so the strong party and high purchasing power will dominate the market and become a winner in the competition and vice versa, the weak party with low purchasing power will automatically be excluded from the scope of competition and will be a passive audience in trading. From the ratio analysis of financial statements. KPRI can be seen in comparing the number of assets with the ability to meet short-term obligations turned out to be less good because it is still far from industry standards, and in the ability to pay all financial obligations both short-term and long-term are also still liquid, but in obtaining income net every year, in 2016-2020 KPRI was considered able to obtain high profits. Because in each year the income earned is increasing. And in generating a net profit KPRI is considered sufficient because it is measured by its effectiveness in investing its capital throughout all assets. Based on the results of KPRI performance measurements using the concept of ratio analysis of financial statements that have been carried out, it results in a satisfactory total performance measurement. Strategic planning that has been made is carried out to the fullest so that the cooperative's performance is in accordance with the vision and mission of KPRI.

Analysis on the Impact of Economic Globalization on Human Development and Economic Growth in the ASEAN-4

Economic globalization has made economies fruitful; however, a few studies argued that its impact on human development is not at par with economic growth’s advancements. With this, the effect and difference of economic globalization in terms of Trade, Foreign Direct Investment (FDI), and Foreign Portfolio Investment (FPI) on Human Development Index (HDI) and Gross Domestic Product (GDP) per capita were examined among the ASEAN-4 nations, namely, Indonesia, Malaysia, Philippines, and Thailand conjointly from 1990 to 2019. Multiple regression was used to estimate the parameters and significance of the models. Results have proved that the predictors, collectively, have a positive and statistically significant effect on GDP and the HDI. However, the data showed that linear regression of GDP per capita at 51.21% has more variation than HDI at 35.95%, which could mainly be due to that human development is highly influenced by other factors such as demand political freedom and prioritization of human rights, while the preferred subset still has the three variables altogether. Yet there were sub predictors towards GDP per capita that showed a partial effect except for FDI and FDI+FPI. This might be caused by its unidirectionality and volatility in investing.

Economic Globalization, Entrepreneurship, and Inclusive Growth in Africa

An increasing number of studies are examining the relationship between entrepreneurship and growth. This relationship is controversial, especially for developing countries. Recent improvements in economic growth have led to a focus on growth inclusiveness, which spreads economic opportunities throughout a society. However, studies that focus on the role of entrepreneurship in inclusive growth remain scarce. To fill that gap, this study investigates the dynamic relationship between economic globalization, entrepreneurship, and inclusive growth in 21 African countries using panel econometrics to examine data covering 2006 to 2018. The results reveal that the impact of economic globalization and entrepreneurship on inclusive growth is positive and significant. We find that economic globalization enhances entrepreneurial development, and causality tests show that economic globalization drives inclusive growth. We also find a unidirectional causality from entrepreneurship to inclusive growth. Finally, we observe no direction of causality between economic globalization and entrepreneurship but observe a bidirectional causality between governance and entrepreneurship. We discuss the implications of these results.

Transnational Religious Tourism in Modern China and the Transformation of the Cult of Mazu

This article explores transformations in the worship of popular goddess Mazu as a result of (religious) tourism. In particular, it focuses on the role of transnational tourism in the invention of tradition, folklorization, and commodification of the Mazu cult. Support from the central and local governments and the impact of economic globalization have transformed a traditional pilgrimage site that initially had a local and then national scope into a transnational tourist attraction. More specifically, the ancestral temple of Mazu at Meizhou Island, which was established as the uncontested origin of Mazu’s cult during the Song dynasty (960 to 1276), has been reconfigured architecturally and liturgically to function as both a sacred site and a tourist attraction. This reconfiguration has involved the reconstruction of traditional rituals and religious performances for religious tourism to promote the temple as the unadulterated expression of an intangible cultural heritage. The strategic combination of traditional rituals such as “dividing incense” and an innovative ceremony enjoining all devotees of “Mazu all over the world [to] return to mother’s home” to worship her have not only consolidated the goddess as a symbol of common cultural identity in mainland China, but also for the preservation of Chinese identity in diaspora. Indeed, Chinese migrants and their descendants are among the increasing numbers of pilgrims/tourists who come to Mazu’s ancestral temple seeking to reconnect with their heritage by partaking in authentic traditions. This article examines the spatial and ritual transformations that have re-signified this temple, and by extension, the cult of Mazu, as well as the media through which these transformations have spread transnationally. We will see that (transnational) religious tourism is a key medium.

The impact of economic globalization on biofuel in developing countries

• We investigate the effect of economic globalization on biofuel production in panel data of 50 developing countries for the period from 2012 to 2016. • Our results provide positive insight into the positive role of economic globalization on biofuel production which robust to the several robustness checks. • We believe that encouraging the economic aspect of globalization increase the consumption of biofuels, thereby reducing the harmful environmental impacts. Over recent years, globalization has become the most rapidly developing and most influential aspect for economic growth in developing countries. As developing countries accelerate the pace of globalization, it pops up a question whether the nature of biofuel production is growing due to ongoing globalization. Given that, this paper aim to examine the impact of globalization on biofuel in panel data of 50 developing countries for the period from 2012 to 2016. The panel estimation results showed that economic globalization has a positive effect on biofuel production, and the evidence is robust to the several robustness checks. We, therefore, suggests that encouraging the economic aspect of globalization increase the consumption of biofuels, thereby reducing the harmful environmental impacts.