Global challenges in the modern economy
https://doi.org/10.29235/2524-2369-2021-66-4-487-497
Abstract
The article is devoted to the study of the modern global challenges that have a significant impact on the transformation of international economic relations, namely: the exacerbation of the struggle among global players for technological dominance, caused by the transition to a new technological order (digital economy), and the intensification of the struggle between TNCs and government structures for control over resources, caused by the growing power of TNCs and their desire to get rid of state control. It is noted that a change in the system of socio-economic relations, based on the widespread introduction of digital means of production, forms a new type of management of socio-economic processes, and the strengthening of the role of corporations in shaping countries’ economic policies generates risks of domination of corporate interests over public ones.
About the Author
V. L. Hursky
Institute of Economics оf the National Academy of Sciences of Belarus
Belarus
Belarus
Vasili L. Hursky – D. Sc. (Econ.), Associate Professor, Director
1 Surganov Str., Bldg 2, Minsk 220072
References
1. Fischer J. China vs West: Cold War II? Available at: https://zautra.by/news/kitai-vs-zapad-vtoraia-kholodnaia-voina?utm_referrer=https%3A%2F%2Fzen.yandex.com & utm_campaign = dbr (accessed 07.08.2021) (in Russian).
2. Hursky V. L. Industrial policy as a factor in increasing innovation susceptibility in the context of digital transformation of the economy. Strategiya razvitiya ekonomiki Belarusi: vyzovy, instrumenty realizatsii i perspektivy: sbornik nauchnykh statei [Strategy for the development of the Belarusian economy: challenges, implementation tools and prospects: collection of articles scientific]. Minsk, 2017, pt. 2, pp. 219–224 (in Russian).
3. Schwab K. The fourth industrial revolution. New York, Crown Business, 2016. 184 p.
4. United Nations Conference on Trade and Development. World investment report 2013. Global value chains: investment and trade for development. New York, Geneva, United Nations, 2013. 236 p.
5. Kerobyan A. S. The role of TNCs in international production: features of the 2000s. Abstract of Ph.D. diss. Moscow, 2013. 22 p. (in Russian).
6. Miozzo M. Transnational corporation, industrial policy and the war of incentives: the case of the Argentine automobile industry. Development and Chang, 2000, vol. 31, no. 3, pp. 651–680. https://doi.org/10.1111/1467-7660.00171.
7. Belorusov A. S. International management and American TNCs. SShA: ekonomika, politika, ideologiya [USA: Economy. Politics. Ideology], 1998, no. 3, pp. 89–101 (in Russian).
8. Gusakov N. P., Andronova I. V. Common industrial policy: foreign practice and the experience for CIS. Vestnik Rossiiskogo universiteta druzhby narodov. Seriya: Ekonomika = RUDN Journal of Economics, 2014, no. 3, pp. 5–17 (in Russian).
9. Zimenkov R. I. New trends in foreign operations of American transnational corporations. Rossiya i Amerika v XXI veke = Russia and America in the 21st Century, 2015, no. 1. (in Russian). https://doi.org/10.18254/S207054760009955-7
10. Movsesyan A. G. American transnational corporations in the modern world economy. SShA i Kanada: ekonomika, politika, kul’tura = USA & Canada: Economics, Polinics, Culture, 2000, no. 12, pp. 103–117 (in Russian).
11. Zimenkov R., Romanova E. Investment activity of American TNCs as subjects of the globalization process. Rossiiskii ekonomicheskii zhurnal [Russian Economic Journal], 2004, no. 2, pp. 42–55 (in Russian).
12. Smitienko B. M., Kuznetsova T. A. Contradictions of the globalization of the world economy. Modern antiglobalism and alterglobalism. Moscow, Moscow State University of Printing Arts, 2005. 131 p. (in Russian).
13. Bubnov I. L., Vasil’eva E. V., Dakhin V. N. (et al.). Modern transnational corporations. Moscow, Mysl` Publ., 1983. 246 p. (in Russian).
14. Khesin E. Great Britain: the seventh consecutive year of growth. Mirovaya ekonomika i mezhdunarodnye otnosheniya = World Economy and International Relations, 2000, no. 8, pp. 103–106 (in Russian).
15. Werner K., Weiss G. Black book of corporations. Ekaterinburg, Ul’tra.Kul’tura Publ., 2007. 412 p. (in Russian).
16. European Commission. Green paper: European transparency initiative. COM Documents, 2006/0194 final.Luxembourg, EUR-OP, 2006. 17 p.
17. Hauser H. European Union lobbying Post-Lisbon: an economic analysis. Berkeley Journal of International Law, 2011, vol. 29, no. 2, pp. 680–709. https://doi.org/10.15779/Z381Q0B
Review
Views: 964
Email this article 