The Subscription Economy and Its Contribution to the Global Economy

The subscription economy has become a dominant influence in the current business environment,fundamentally transforming the manner in which organizations interact with customers and create income.This article examines the substantial influence of the subscription economy on the worldwide economy,evaluating its effects on different industries and marketplaces.The research examines relevant literature and case studies to identify the main factors,difficulties,and possibilities related to the subscription economy.Moreover,its objective is to examine the consequences for firms,customers,and economic expansion,elucidating the possibility of continuous value generation and innovation.

Global Trend of Low-carbon Economy and China's Responses

Based on the analysis on the global economic crisis,climate change crisis and their mutual underlying reasons,the authors believe that low-carbon economy has become an inevitable choice to break through the dual crises,coordinate the economic development,and protect the global climate.The global trend of low-carbon economy finds expression in Green Recovery currently,while,in a long run,it will give rise to a new pattern of world competition in politics,economy,technology,trade and finance.The impact of the global trend of low-carbon economy on China can not be overlooked,and it is both a challenge and an opportunity for China＇s future development.Based on comparative studies on the low-carbon economy of China,the U.S.,EU and Japan,the authors conclude that China should blaze a new path of lowcarbon economy development with Chinese characteristics,and the authors have put forward relevant countermeasures for China to address the global trend of low-carbon economy from angles of countries,enterprises and the public

Coronavirus Pandemic and the Coming Disruptions in the Global Economy:Insights From Jeremy Rifkin’s Theory of Third Industrial Revolution

As the coronavirus pandemic spreads through the continents,it has dramatically disrupted everything in the global economy from stock markets and supply chains to oil and food prices,and in seeking to restrict the spread of COVID-19,governments are shutting down whole commercial sectors which could cause a huge recession in some countries as the United Nations have already warned.All these new circumstances have raised again the fundamental questions about the future of our global economy.Therefore,this paper has tried to make sense of how the post-pandemic global economy would look like by shedding light on Jeremy Rifkin’s theory of the new industrial revolution and the coming disruption in the global market.

Analysis on China＇s Economic Transformation and Its Relevance to Global Economy

China＇s current economic transformation has its historical reasons and its urgent need of change. With over 30 years of reform and opening-up, China＇s economy experienced high-speed growth for a sustained period, but China is still confronted with many obstacles which call for immediate attention, such as shortage of resources, deterioration of the environment, structural imbalance, and intensified social conflict. If these problems persist, an ominous future would not be avoided unless an economic transformation was in effect. As China＇s economic power and international influence increase, its economic transformation will significantly impact not only its domestic economy, but also the world economy. This article analyzes the transformation of China＇s economy from an international perspective, particularly focuses on the relationship between China＇s transformation and the economies of most developed countries （e.g., United States and EU） by comparing data and analyzing impacts caused by each other. At the end, the article will provide some suggestions for further research.

Policy Towards Gender Equality in Employment in a Globalizing Economy——An outline of the analysis report on the impacts of China's economic reform on women employment

1.This study is one of The Applied Economic Institutes Linkages Project(AERIL)which is funded by theCanadian International Development Agency(CIDA)and jiontly managed by The Conference Board of Canada(CBOC)and the International Trade Research Institute in China.It is jointly implemented by the Institute ofEconomic Research of the Chinese State Planning Commission and the North—South Institute of Canada。

Grasp the Global Economy,Showcase Chinese Characteristics

The West Lake is calm,elegant and beautiful in September,one of Hangzhou s most iconic sights.The G20 Hangzhou Summit being held here,has attracted global attention.The logo of the summit,which features a stylized bridge consisting of 20 layered lines,can be seen in almost every

Mega Container Ships, Pros, Cons and Its Implication Recession

The size of container vessels has grown up in the past ten years and the trend prospect to be continued, according to analysis almost half of current ships order is for vessels exceeding 12,000 TEU＇s. Mega vessels have advantages to liners and for holding down the coast of ocean shipping but also raising concerns among vessel operation, insurance and they require for infrastructure adaptations and productivity level. Moreover further increase in ship size could result negative impacts and crises in recession.

Global Economic Rebalancing： Fancy and Reality

＂Global economic imbalance＂ and ＂global economic rebalancing＂ have aroused great interest among international economic and.financial research circles. As the global financial crisis begins to abate, some Western countries have used ＂global economic rebalancing＂ as an excuse for trade protectionism and restricting the foreign economic development of developing nations. As the basic theoretical justification for the ＂global economic imbalance,＂ the theory of international trade equilibrium is wrong both in theory and in practice, because it has never been proven in the 200 years of history since the Industrial Revolution. ＂Global economic rebalancing＂ contains serious policy traps and does not generate any winners. The exchange rate is only one of the）actors which affect international trade;furthermore, it is not the fundamental mechanism. With the U.S. dollar retaining its status as the key currency of the international monetary system, it is impossible for the United States to achieve long-term foreign economic and trade equilibrium. The United States＇ trade deficit is an inevitable result of the dollar＇s status as an international currency.

Economic Consequences of Tahoku Earthquake of March 11, 2011 in Japan

The paper considers the economic consequences of Tahoku earthquake occurred on March 11,2011 at 5：46：23 （UT） at the distance of 70 km from the northeast shore of Japanese coast Honshu. This earthquake had a magnitude of 9 and became the strongest in the whole history of the seismological observations in this part of the planet. The generated tsunami killed more than 15,700 people, damaged 332,395 buildings and 2,126 roads. The total economic loss in Japan was estimated at $309 billion. The catastrophe in Japan also impacted global economy. To reveal its impact, the authors used regional and global stock indexes, production indexes, stock prices of the main Japanese, European and US companies, and import/export dynamics. The authors demonstrated that the catastrophe substantially affected the markets and on the short run in some indicators it exceeded the effect of the global financial crisis. The authors concluded that it is necessary to treat possible strong earthquakes in different regions of the world as one very important factor that can affect the world economy.

Modelling of Corporate Exposure at Default(EAD)in Emerging Financial Markets:The Case for Counters Listed on the Zimbabwe Stock Exchange(ZSE)in the Dollarization Era

This study explores the Exposure at Default(EAD)emanating from credit events undertaken by listed banking corporations trading on emerging markets,such as Zimbabwe’s Stock Exchange(ZSE)or market in the dollarization era,namely period 2010-2012.The dollarization of the Zimbabwean economy in 2009 coincided with the recovery of the global financial economy from the worst worldwide economic recession ever experienced in this world.The study used audited and published data drawn from financial statements of two banking corporations for the period 2010 to 2012 that were accessible on ZSE website.These data were presented and analyzed using Eviews7.The study revealed that there were a lot of non-performing loans drawn from EADs of banking corporations trading on the ZSE in the period under review.The study further noted that credit exposures issued by commercial banks in the period 2010-2012 were also exposed to risk from the nature of the borrowers,banks’internal and external market variables.The variables that impacted on banks’credit exposures include political,social,industrial,unemployment,technological challenges,state of financial markets,their capitalization and liquidity statuses.We therefore conclude that banks in emerging markets need to efficiently and effectively manage their credit portfolios in their desire to grow towards sustainable development.The study also concludes that banks in emerging markets that are into lending activities should adopt and implement financial econometric(EAD)models that are easy to apply,practical,pragmatic,and adjusted for market friction.The study recommends that listed banking corporations in emerging markets need to adhere to the requirements of the Basel Ⅱ and Ⅲ Capital Accords if they are to make meaningful business out of their credit exposure operations.It also recommends that banks should come up with capitalization and investment strategies that suit their economic conditions if they are to grow and develop sizeable market shares and wealth from their lending businesses.Finally the study recommends that banks in emerging economies should adapt to international business standards,strategies,ethics,and corporate governance parameters if they are to grow towards greater similarity with those in developed nations in their service delivery to the stakeholders and contribution to nation building and sustainable development.

World Economic Outlook Global economy will continue the moderated upward trajectory of 2005 in the new year

In 2005, world economic growth decelerated modestly in contrast to the robust performance of the previous year, due to repeated spikes in oil prices and a battery of interest rate hikes by the U.S. Federal Reserve.

A Study of the Effects of the Current InternationalSettlement of Internet

From an economic angle, this paper analyzes and demonstrates theirrationality of the current Internet settlement of Interconnection; then points out that the heavycharges for Internet interconnection from developing countries to the developed country can bethought of as one of the main and key reasons that restrict the balanced development of the Internetin the world, which causes the intensification of 'digital divide', widens the gap between poor andrich countries and further aggravates the disequilibrium of the global economic development; andthus the conclusion is reached : the public policy selection should be made by the wholeinternational society jointly for paying close attention and regulating settlement systems ofInternet interconnection to dwindle ' digital divide ' throughout the world.

Adam Smith and Confucius： A Tour d＇Horizon Towards a Transcultural Foundation of Institutions

Recently, economists have rediscovered the fact of the cultural embeddedness of institutions. This raises the question whether there are transcultural universals of institutions and institutional design. The paper proposes that such universals cannot possibly be empirical givens, but have to be continuously created through transcultural discourse. I take a first step by putting family resemblances in the moral and social philosophy of Adam Smith and the Confucians into the context of the evolution of Western culture and economics. The tour d＇horizon starts with the thesis that the biased perception of Smith（ neglecting the moral philosopher） in economics mirrors its cultural embeddedness into what sociologist Norbert Elias has called the ＂homo clausus＂ construct in Western societies. I continue with a survey of most recent research in behavioural, institutional, and evolutionary economics which clearly prove the fallacies of the ＂homo clausus＂ assumptions of individual autonomy. This explains the recent revival of interest in the ＂Theory of Moral Sentiments＂ on part of economists. Indeed, many Smithian insights can be supported by the recent advances in economic research. One fascinating implication is that opening up a transcultural discourse between Western and Eastern moral philosophy might show the way towards a transcultural foundation of institutions. A number of ＂family resemblances＂ between Smith and Confucius are presented. I conclude by highlighting some contentious issues between China and the West in the global economy, where the transition to a moral economy with Smithian and Confucian foundations might help to find workable solutions.