Research Article
China and G7 in the Current Context of the World Trading
Issue:
Volume 9, Issue 6, December 2024
Pages:
116-123
Received:
21 October 2024
Accepted:
11 November 2024
Published:
21 November 2024
Abstract: The paper analyses trade between the most developed economies of the world. The analysis is based on the previously proposed model of international trade. This model of international trade is based on the theory of general economic equilibrium. The demand for goods in this model is built on the import of goods by each of the countries participating in the trade. The structure of supply of goods in this model is determined by the structure of exports of each country. It is proved that in such a model, given a certain structure of supply and demand, there exists a so-called ideal equilibrium state in which the trade balance of each country is zero. Under certain conditions on the structure of supply and demand, there is an equilibrium state in which each country have a strictly positive trade balance. Among the equilibrium states under a certain structure of supply and demand, there are some that differ from the ones described above. Such states are characterized by the fact that there is an inequitable distribution of income between the participants in the trade. Such states are called degenerate. In this paper, based on the previously proposed model of international trade, an analysis of the dynamics of international trade of 8 of the world's most developed economies is made. It is shown that trade between these countries was not in a state of economic equilibrium. The found relative equilibrium price vector turned out to be very degenerate, which indicates the unequal exchange of goods on the market of the 8 studied countries. An analysis of the dynamics of supply to the market of the world's most developed economies showed an increase in China's share. The same applies to the share of demand.
Abstract: The paper analyses trade between the most developed economies of the world. The analysis is based on the previously proposed model of international trade. This model of international trade is based on the theory of general economic equilibrium. The demand for goods in this model is built on the import of goods by each of the countries participating...
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Research Article
Impact Factors of the Maturity of FSSC in the Digital Age: A Study Based on Structural Equation Modeling
Issue:
Volume 9, Issue 6, December 2024
Pages:
124-140
Received:
16 October 2024
Accepted:
4 December 2024
Published:
12 December 2024
DOI:
10.11648/j.ajmse.20240906.12
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Views:
Abstract: Since the mid-1980s, many multinational companies (MNCs) have transformed their finance functions into financial shared service centers (FSSCs), in order to cut costs and optimize internal operations. When it came to the 21st century, breakthroughs in technology have witnessed the rapid growth of the digital economy, promoting the digital transformation of enterprises and the digital transformation of finance. The construction of a FSSC has laid a solid foundation for the digital transformation of finance and has gained popularity in large companies. However, the practices of FSSC in China are deeply associated with the development of IT. Some scholars see it as a kind of IT application in the finance function, as evidenced by the active involvement of IT companies in the establishment of FSSCs. In this paper, the authors launched a questionnaire to measure the maturity of the FSSC in Chinese companies. Data was analyzed by using structural equation modeling (SEM), aiming to study the factors that have impacts on the maturity of FSSC and the influencing path of the factors. Influencing factors were designed based on the TOE (Technology-Organization-Environment) theory, and the maturity model of FSSC was modified from the PwC (PricewaterhouseCoopers) maturity model of FSSC. And then a structural model was constructed. Various tests for SEM were used, and the study showed that the technological and organizational conditions of enterprises have promoted the construction and development of FSSCs, while the external environmental conditions indirectly influenced the maturity of FSSC through affecting the organizational and technological conditions. The paper also showed the influencing path of the factors.
Abstract: Since the mid-1980s, many multinational companies (MNCs) have transformed their finance functions into financial shared service centers (FSSCs), in order to cut costs and optimize internal operations. When it came to the 21st century, breakthroughs in technology have witnessed the rapid growth of the digital economy, promoting the digital transform...
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Olena Petrivna Dovzhyk
