جستجوی مقالات مرتبط با کلیدواژه « Global Economy » در نشریات گروه « اقتصاد »

Cooperation among Brazil, Russia, India, China and South Africa (BRICS) has been increasing since the first BRICS meeting (Brazil, Russia, India and China) in 2006, and this group has gradually gained a more important position in the field of international economic issues. In the BRICS group, despite being limited, the members along with China have tried to counter the global hegemonic financial institutions by establishing new financial institutions in the frame of BRICS, One-Belt-One-Road. This study attempts to examine the role of growing China in BRICS and how to change the governance of the global economy and the potential of its independent initiatives for the impact of BRICS on the global economy. On the other hand, China is considered an emerging power that is rapidly improving its position in the international economic order. In such a way that it is likely that this country will become the future hegemonic power of this area. his article tries to answer the question: How did China use BRICS to transform the world economic order in 2009-2020? This paper will show that the diversity of BRICS members limits the use of their potential to change the governance structure of the global economy. It is important to note that the economic policies and internal interests of China, India, and other members of the BRICS are </strong>different, and this makes them have different preferences and positions in the international system.

The extant study was conducted to examine the economic effects of an oil supply shock, assess the response of Iran's GDP[1] to oil supply shocks specific to the main oil exporting countries, and oil-based Global Vector Autoregression Model (GVAR-Oil) throughout 1976Q2-2016Q4 covering 27 country-region cases. The consequences caused by the positive oil supply shock of the USA included an actual increase in the GDP of oil-importing countries in both developed and emerging markets, an inflation decline in most countries, and rising stock prices worldwide. In particular, Iran-specific oil-supply shock had a minor impact on the global economy because of the increase in the oil production rate of Saudi Arabia. In contrast, a negative shock to the oil supply in Saudi Arabia led to an instant and permanent rise in oil prices. According to countries' vulnerability findings, the economies of Saudi Arabia and Iran were more influenced by negative oil supply shocks compared to Indonesia and Norway. The present study indicated that Saudi Arabia-specific negative oil supply shock had a different effect than other major oil-exporting countries.