As the conception of and debates on regional powers have been led by political science, this paper aims to contribute to the discussion from an economics perspective. Based on the discussion of different concepts of economic power - such as those of Schumpeter, Perroux, Predöhl, or Kindleberger - concepts of technological leadership, and the global value chain approaches, the paper develops a research framework for the economics of regional powers. This framework is then tested using descriptive statistics as well as regressions analysis, with a focus on the four regional powers Brazil, China, India, and South Africa. As economic power is relational, the relationship of regional powers to other nations in the region is analyzed. According to the findings, only limited statements on the economics of regional powers are possible: a regional power can be described as an economy with a relatively large population and land area which plays a dominant role in trade within the region and in the regional governance. The regional power develops its technological capacities, and its businesses act regionally and globally with increasing strength. -- Brazil ; China ; economic geography ; economic leadership ; economic power ; growth ; India ; investment ; public goods ; regional powers ; regression analysis ; South Africa ; technological change ; value chain ; trade
على عكس العديد من البلدان الأسيوية , نجحت سنغافورة في الحد من ظاهرة الفساد التي كانت منتشرة في البلاد , وذلك تجلى في حسن أدائها في العديد من المؤشرات القياسية كمؤتمر الشفافية , بيئة الأعمال , التنمية البشرية وتقرير التنافسية الدولي , إذ يمكن أن ينسب هذا النجاح إلى الإرادة السياسية لحكومة حزب العمل الشعبي, وهو ما انعكس في إنشاء مكتب التحقيقات في ممارسات الفساد , الذي يعتبر هيئة مستقلة عن الشرطة, يقوم بالتحقيق في وقائع الفساد في القطاعين العام والخاص , ويرأس هذا المكتب مدير يتبع رئيس الوزراء مباشرة, وكذا سن قانون عائدات الجريمة سنة 1960 , وفرض هذا القانون دون تحييز وتمييز , دون أي تدخل من الحكومة , فنجاح هذه التجربة ساهم في تطوير هذا البلد خلال أكثر من 53 عاما في ظل حكومة لي كوان يو, الذي كان رئيسا للوزراء آنذاك. ; Unlike many Asian countries, Singapore has succeeded in reducing the phenomenon of corruption that was prevalent in the country, and this was reflected in the good performance in many of the standard indicators such as the Conference of transparency, the business environment, human development and international competitiveness report, since the suces may be attributed the political Will of the Government of People's action Party, and is reflected in the establishment of the FBCP in corrupt practices, which is independent of the police body, is investigating the facts of corruption in the public and private sectors, and this office is headed by director follows the prime minister directly, and as well as POCA age in 1960, and the imposition of this law without discrimination, without any interference from the government. the success of this experiment contributed to the development of this country in more than 53 years Under the government of Lee Kuan Yew, who was prime minister at the time The existence of effective political will.
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development. It is intended for a wide audience, including policy makers, business leaders, financial market participants, and the community of analysts and professionals engaged in Lebanon.
The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Lebanon continues to be impacted by the domestic political stalemate and regional turmoil, particularly along its border with Syria. Economic activity picked up in the second half of 2014. Stronger economic performance and lower oil prices pushed real GDP growth to an estimated 2.0 percent in 2014, compared to 0.9 percent in 2013. One-off cosmetic and unsustainable measures rather than policy actions helped improve the fiscal balance in 2014. We estimate the overall fiscal deficit to have declined by 2.3 percentage points. Declining imports lead an improvement in the current account balance. In 2014, a fall in merchandize imports induced a 4.4 pp reduction in the current account deficit to a still-elevated 22.2 percent of GDP. This trend is projected to continue in 2015 helped by falling oil prices and a depreciating euro, Headline inflation plummeted from 2.7 percent in 2013 to 1.9 percent in 2014 and is expected to remain tempered over the medium term. Lebanon s economy continues to be exposed to external shocks. The border with Syria is increasingly menacing as coordinated attacks by ISIS and Al Nusra are being launched more frequently from their bases in Syria. Inefficiencies in power generation impose sizable macroeconomic costs on Lebanon. The Lebanese electricity sector has been underperforming for decades with considerable socio-economic costs. The macroeconomic impact has been massive.
