Strategic development management currently does not fully meet the needs of the enterprise. One of the reasons is that strategic development methods are not ideal and not developed from the standpoint of their practical application. As a consequence, the results of their application are unsatisfactory. The purpose of this article is to improve approaches to the strategic development management of the enterprise. The authors examine in detail the concept of strategic development of the enterprise. In the course of the study, a scheme of the strategy formation process was developed, which allows establishing the relationship of its main structural elements. It is revealed that the organization of service activities of enterprises is still focused on service, rather than the product itself. It is established that the lack of innovation, outdated range and the inability of enterprises to respond quickly to changes in the market environment are the main reasons for the fall in demand for products.
The global value chain has promoted foreign direct investments in emerging markets. Not only resources but also public policies can affect the inflows or outflows of foreign direct investments (FDI). This study investigates the effect of economic policy uncertainty on net foreign direct investment inflows in 48 Asian countries. We use the panel dataset from different sources from 1995 to 2020. Our core dependent variable is net foreign direct investment inflows, and the explanatory variable is economic policy uncertainty. The study’s control variables include trade, GDP per capita, GDP growth, population, financial development, inflation, and employment. We use the generalized system method of moment (SYS_GMM). Furthermore, the robustness of our empirical results is checked by using the different proxy variables of policy uncertainty. Our results confirm the negative effect of policy uncertainty on foreign direct investment inflows in 48 Asian countries. Our results show that foreign investment inflows are more sensitive than domestic investment. The influence of domestic and global uncertainty on inward FDI is greater than domestic investment. Furthermore, the interaction effect of financial development (FD) shows that FD does not affect mitigation of the negative impact of global economic policy uncertainty on foreign investment inflow. In contrast, FD mitigates the adverse effects of domestic policy uncertainty on foreign and domestic investment. The findings imply that policies need to be attractive, effective, and transparent to woo FDI to the emerging markets.
The Environmental Impact Assessments (EIAs) have improved in theory and exercise over the years. Nevertheless, there are several flaws which prevent EIA from becoming a useful instrument for promoting Ecosystem-based Management (EBM). For instance, Deep Sea Mining (DSM) operations are expected to create considerable environmental degradation undermining the poorly recognised mechanisms that remain mostly unknown. Evaluating the environmental consequences of DSM operations at all phases of the mining process from exploration to future exploitation has been among the top priorities of the International Seabed Authority (ISA). Hence, this study attempts to define the legal structure of the ISA to assess the environmental consequences of multiple stages of mining. Based on the observation, the existing methods do not reflect a comprehensive EIA process adhering to EBM. Therefore, it can be concluded that deficient impact analyses and inadequate Environmental Impact Statements (EISs) may be accommodated in the absence of a consistent and well-regulated procedure, allowing for double standards or unequal treatment of contractors and potential applicants.
Many functions of customs are related to the movement of goods across borders, which provides a wide range of multifaceted interstate cooperation. Given that these business relationships have cross-border characteristics and operate in the area of foreign trade interests, it is clear that tariff relationships cannot be governed by one state. The customs structure is an integral part of an integrated hierarchical system of national regulation of foreign economic processes, which regulates the complexity of the required information and documentation and provides supervision of cross-border management. At the same time, in recent years, customs services, along with traditional organizations of work in the field of cross-border business management and taxation, have increasingly introduced many customs services that can be interpreted as special forms of public services. The customs department faces new challenges in the context of closely related individual segments of the world's business areas and the globalization of economic processes, which contributes to the logistics development of cross-border business in all respects. It should be borne in mind that the regulation of the trade process is inevitable in the context of changes in global economic systems that affect both the export and import of certain goods. These situations determine the high urgency of the problem, and can be resolved through a compromise between liberal and protectionist solutions.
Over the past few decades, one of the significant events of economic science can be considered the emergence of a new direction of its development, which has been called behavioral economics. Behavioral economics explains why people are not always rational when making decisions. Behavioral economics has made it possible to overcome the socio-economic crisis caused by COVID-19. The state used the concepts of PE to push people towards desirable behavior that helped stabilize the situation, reduce disease, and reduce fear among the population.
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