DOI: 10.33917/es-1.199.2025.44-49

The purpose of the present study is to identif y the specifics of using the world capital market by developed and developing countries in modern conditions. It has been established that the interests of developed countries consist in shaping a controlled international financial market that will ensure long-term and low-volatility returns on assets without taking into account the interests of other entities in the global capital mark et. The interests of countries with developing economies are reduced to ensuring maximum return on assets in the shor t-term period, since in the long term they cannot compete with developed countries in the global financial mark et. Based on econometric calculations, it was made an assessment of the effects of growing investment returns in developed and developing countries due to the presence of competitive advantages in the global capital market. It is concluded that the global capital market is used by developed and developing countries in different ways — the former seek to ensure preservation of their privileges through exploiting global imbalances, the latter — to gain access to borrowed capital in order to stimulate their own economic development. Disproportions in the use and regulation of the global capital market lead to dependent position of developing economies, which is why they are striving to transform the global financial architecture to protect their own national interests.

References:

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DOI: 10.33917/es-5.197.2024.32-37

International scientific and technological cooperation is a dynamic and innovative form of international economic cooperation. It involves the exchange of knowledge, technologies, and expertise between countries. However, it is often perceived as a static process, with little understanding of its dynamics. The aim of this study is to investigate the key stages of international scientific cooperation and propose a strategy for its future development. Three stages have been identified since the 1990s: the initial stage of development, the separation of developed and developing countries’ cooperation, and the current stage of technological confrontation. The study demonstrates that international scientific and technical collaboration is directly linked to globalization processes and follows their dynamics. Based on this understanding, a forecast for the future shape of international scientific collaboration is made. Scientific and technical ties will form around the core of globalization, with each core having a distinct technological focus.

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