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№ 1/2020
1Razumkov Centre (Ukrainian Centre for Economic and Political Studies); State Institution "Institute for Economics and Forecasting, NAS of Ukraine"
New institutional formats in the development of global e-commerce
Economy and forecasting 2020; 1:79-96 | https://doi.org/10.15407/econforecast2020.01.079 |
ABSTRACT ▼
The article examines the growing trends of institutionalization of the global e-commerce. It reveals the multilevel and multifaceted character of this process, which extends to the policies of both national states and international organizations and regional associations, and involves both state and non-state structures.
The identified main changes in national institutional systems related to digital transformation embrace: a clearer definition of strategic priorities and tools for stimulating investment in digital infrastructure and developing digital competences; creation of free e-commerce zones; and implementation of a sound legal framework for digital transactions focusing on consumer protection, personal data and intellectual property, guaranteeing cybersecurity, promoting competition and enhancing competitiveness for small, medium and micro-enterprises. At the same time, there is an increase in "electronic protectionism" and measures to restrict the freedom of commercial operations in cyberspace.
The author argues that the global nature of cyberspace determines the centrality of global and regional international organizations in the creation of the latest institutional digital trade formats. A key role in the mechanisms of global regulation of e-commerce should be played by the World Trade Organization, which requires adjustments and innovations in its mechanisms and agreements, in particular for the implementation of regulatory standards for the innovative institutional e-business formats. At the same time, there is a process of forming a network of international organizations for digital trade regulation, with increased differentiation and specialization, on the one hand, and coordination and cooperation of their regulatory functions – on the other hand. Regional policies and regulatory institutions, as well as regional integration associations play an important role in this system. However, the institutional support for digital commerce at the regional level is characterized by a considerable level of heterogeneity, and driven by cultural traditions and differences in the levels of socio-economic development.
Prepared within the research on "Formation of the Institutions of International Electronic Commerce in the Conditions of Emerging Information and Network Based Economy" topic of the "Research on the Institutional Architectonics of Information and Network Economics" project at the Institute for Economics and Forecasting of NAS of Ukraine" (2018-2020), state registration No 0117U001686.
Keywords:international organizations, e-commerce, digital trade (commerce), digital infrastructure, trade policy, national and international trade regulation, international organizations and associations, international law
JEL: F13, F15, F55
Article in English (pp. 79 - 96) | Download | Downloads :340 |
REFERENCES ▼
2. WTO (2018). World Trade Report 2018: The future of world trade: How digital technologies are transforming global commerce. Geneva: World Trade Organization. Retrieved from www.wto.org/english/res_e/publications_e/wtr18_e.htm
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4. World Bank (2018). Doing Business 2018. Washington, D.C.: The World Bank Group. Retrieved from www.doingbusiness.org/content/dam/doingBusiness/media/Annual-Reports/English/DB2018-Full-Report.pdf5. The State Council Information Office of the People's Republic of China (2017). China to further cross-border e-commerce to boost foreign trade, 20 September 2017. Retrieved from english.www.gov.cn/premier/news/2017/09/20/content_281475872724810.htm
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7. UNCTAD (2019). Summary of Adoption of E-Commerce Legislation Worldwide. Retrieved from unctad.org/en/Pages/DTL/STI_and_ICTs/ICT4D-Legislation/eCom-Global-Legislation.aspx
8. UNCITRAL (2019). Status UNCITRAL Model Law on Electronic Commerce (1996). Retrieved from uncitral.un.org/en/texts/ecommerce/modellaw/electronic_ commerce/ status
9. UNCTAD (2016). Data Protection Regulations and International Data Flows: Implications for Trade and Development. Geneva: UNCTAD. Retrieved from unctad.org/en/PublicationsLibrary/dtlstict2016d1_en.pdf
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№ 3/2021
1Razumkov Centre (Ukrainian Centre for Economic and Political Studies); State Institution "Institute for Economics and Forecasting, NAS of Ukraine"
THE GLOBAL CONTEXT OF LAND MARKET LIBERALIZATION IN UKRAINE: OPPORTUNITIES AND RISKS FOR RURAL DEVELOPMENT
Economy and forecasting 2021; 3:5-27 | https://doi.org/10.15407/econforecast2021.03.005 |
ABSTRACT ▼
The article considers various global factors influencing rural development under the conditions of liberalization of the agricultural land market in Ukraine. The author assesses the impact of global processes and global capital on the development of national farms, income distribution, access to land resources, production processes and equitable development in this country. It is proved that globalization, leading to increased concentration of agri-food production and business and expanding the role of large transnationalized corporations, is primarily aimed at exploiting the country’s existing comparative advantages, rather than increasing them, and promotes, in many recipient countries, a model of double economy split in the technological and socio-economic dimensions into qualitatively heterogeneous sectors.
The author concludes that although global factors of agricultural production may have a relatively positive impact in macroeconomic terms, the dominance of multinational (transnational) companies, large exporting companies and financially powerful sovereign welfare funds in the market may create risks and threats of crowding out Ukrainian farmers from the market and blocking the sustainable development of rural areas. At the same time, Ukraine\'s agricultural sector will be transformed into a raw-material link of global food production chains dominated by large transnationalized entities, and a kind of raw-material enclave of transnationalized production will be created within the Ukrainian economy.
The article argues that in today\'s global economy, where cardinal transformations are taking place and uncertainty is growing, land will become an increasingly valuable asset, attractive not only to agricultural producers but also to land speculators and those who try to maintain the value of their assets under the conditions of growing global risks. Under such conditions, investment in land will not at all necessarily contribute to the development of agricultural production, because speculative capital in the face of widespread expectations of a long and significant upward trend in land prices will prevail over productive agricultural capital. In general, this might lead to a significant increase in the cost of agricultural production and food prices.
The author proves that the liberalization of the land market leads to increased risks of transfer of the control over Ukraine’s land resources to foreigners (sovereign financial funds and major international corporations), given their dramatic advantage by available financial resources for land acquisition, compared to those possessed by Ukraine’s residents.
The article substantiates a set of policy measures and national po¬licy instruments necessary to minimize the risks associated with the introduction (in the context of globalization) of free purchase and sale of agricultural land, which comply with the regulation principles of the European Union.
Prepared within the scientific project on \"Spatial justice in land use for sustainable development of rural areas\", performed in accordance with the Resolution of the Presidium of the NAS of Ukraine of 23.12.2020 No 296 (state registration No 0120U100816).
Keywords:agricultural land market, rural development, globalization, global capital, multinational (transnational) corporations, sovereign development funds, economic and social risks and threats
JEL: JEL : F23, F63, Q01, Q15
Article in English (pp. 5 - 27) | Download | Downloads :153 |
REFERENCES ▼
2. Land Transparency, Kyiv School of Economics, Ministry of Agrarian Policy and Food of Ukraine (2021, May). White Paper: Strategy for the Development of Land Relations in Ukraine. Retrieved from kse.ua/wp-content/uploads/2021/05/Land-strategy.pdf [in Ukrainian].
3. Borodina O. Land reform and human rights. Dzerkalo tyzhnia. Ukraina – Mirror of the Week, April 16, 2021, Retrieved from zn.ua/ukr/macrolevel/zemelna-reforma-i-prava-ljudini.html [in Ukrainian].
4. Lomakovich, V., Unkovskaya, T., Ilchenko, V., Bogdan ,T. (2019). Land market: existing threats to Ukraine and necessary safeguards: Analytical report GROWFORD Institute, 11.26.2019. Retrieved from www.growford.org.ua/wp-content/uploads/Dopovid_RYNOK_ZEMLI_final-32.pdf; Zemel'nyj visnyk Ukrainy – Land Management Bulletin, 10, 2-9; 11, 12-21 [in Ukrainian].
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16. Deininger, Klaus and Byerlee, Derek et al. (2010). Rising Global Interest in Farmland. Can it Yield Sustainable and Equitable Benefits? Washington, D.C.: World Bank. doi.org/10.1596/978-0-8213-8591-3
17. Eurostat database. Agriculture, Agricultural prices and price indeces: Land prices and rents (apri_lpr). Retrieved 16.04.2021 from ec.europa.eu/eurostat/web/agriculture/data/database
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19. State Statistics Service of Ukraine (2021). Economic accounts of agriculture (production account and income account). Retrieved 16.07.2021 from www.ukrstat.gov.ua/
20. SWFI (2021). Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets. Retrieved 31.05.2021 from www.swfinstitute.org/fund-rankings/sovereign-wealth-fund
21. European Economic and Social Committee (2015, January 21). Land grabbing - a wake-up call for Europe and an imminent threat to family farming. Retrieved from www.europarl.europa.eu/RegData/etudes/STUD/2015/540369/IPOL_STU(2015)540369_EN.pdf
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23. AGTER (2021). Large Scale Land Grabbing: The Role of Multinational Firms. Retrieved 16.04.2021 from www.agter.org/bdf/es/corpus_chemin/fiche-chemin-366.html
24. Burja, Vasile, Tamas-Szora, Attila and Dobra, Iulian Bogdan (2020). Land Concentration, Land Grabbing and Sustainable Development of Agriculture in Romania. Sustainability, 12, 2137. Retrieved from www.mdpi.com/journal/sustainability; doi.org/10.3390/su12052137
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№ 1/2023
1Razumkov Centre (Ukrainian Centre for Economic and Political Studies); State Institution "Institute for Economics and Forecasting, NAS of Ukraine"
War in Ukraine as a bifurcation point in global development: rhyming with the past versus creating the future
Economy and forecasting 2023; 1:5-26 | https://doi.org/10.15407/econforecast2023.01.005 |
ABSTRACT ▼
In this article, prepared as part of the creative discussion on the problems raised in Sergio Mariotti's paper regarding various global economic aspects related to the Russian-Ukrainian war, the author argues that, despite the obvious tendencies towards greater global protectionism, one should not excessively expand the meaning of the term "protectionism" thus concealing the recent trends towards direct government interventionism in the functioning of international markets, which makes the very concept of "free market" increasingly conditional. Turning to the repeatability in the present of certain trends of the past (called “rhyming”), which is another important message in S. Mariotti's article, the author emphasizes the need to consider this phenomenon not as a regrettable and undesirable coincidence, but as a natural consequence of the principle of cyclicality in economic development and the wave-like nature of long-term development trends.
The article proves that one can not overcome undesirable and dangerous global trends just by calling for peace, cooperation and better global coordination based on the established principles of institutionalised world order. That purpose requires a truly global thinking in all without exception centers that shape global development policy, and true cooperation in defining the parameters of the future and in solving global problems of humanity. And this is only possible via the formation of a qualitatively new model of globalization, where economic freedom would become the freedom of free development for all.
Keywords:deglobalization, economic nationalism, global protectionism, global value chains, fragmentation, global interdependencies, K-waves, long civilizational waves, Russian-Ukrainian war
Article in English (pp. 5 - 26) | Download | Downloads :28 |
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2. Dent, C.M. (2020). Brexit, Trump and trade: Back to a late 19th century future? Competition & Change, 24(3-4), 338-357. doi.org/10.1177/1024529420921481
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9. Gonçalves, Lucie and Defarges, Mathilde (2022, December). When Macron Met Biden: Simmering Tensions Over the Atlantic. Blue Star Strategies LLC. Retrieved from bluestarstrategies.com/news/insight-and-analysis/628-macron-state-visit
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