{"title":"Evolutionary Development of Banking and Metallurgical Business Activities in the Crisis Periods of the Global Economic System","authors":"S. V. Bogdanov, S. Yu. Nechaev","doi":"10.1134/S0036029524701222","DOIUrl":null,"url":null,"abstract":"<p><b>Abstract</b>—Regularities in the evolutionary development of the global banking and metallurgical sectors, which are part of the large-scale global economic system, have been identified, because the processes of stagnation, stabilization, and development of business in these sectors of the global economy are poorly understood and of interest for forecasting the progressive sustainable development of human society under complex modern conditions of transforming the unipolar structure of the global business into a multipolar configuration. It has been established that, with a positive dynamics of gross domestic product, banking assets, and steel production, a certain stabilization of the development of the considered financial-industrial sector of the global economic system has occurred. An analysis of the sustainable development of this system based on a mathematical description of a two-component dynamic model has shown that, in the long-term period, the evolution of the banking and metallurgical business will practically not have a significant impact on the accelerated manifestation of crisis phenomena in the global economy. The identified statistically significant relationships between the analyzed indicators in the period from 2009 to 2022 confirm the preservation of positive growth trends in the presented indicators over time despite the influence of the coronavirus pandemic. This allowed for an optimistic assessment of the prospects for business activities in medium and long term, as well as to conclude about the further joint evolution of the banking and metallurgical sectors of the global economy in a strategic perspective. The obtained results are recommended for determining the trends in development of large-scale economic systems.</p>","PeriodicalId":769,"journal":{"name":"Russian Metallurgy (Metally)","volume":"2024 3","pages":"750 - 755"},"PeriodicalIF":0.4000,"publicationDate":"2025-01-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Russian Metallurgy (Metally)","FirstCategoryId":"5","ListUrlMain":"https://link.springer.com/article/10.1134/S0036029524701222","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"METALLURGY & METALLURGICAL ENGINEERING","Score":null,"Total":0}
引用次数: 0
Abstract—Regularities in the evolutionary development of the global banking and metallurgical sectors, which are part of the large-scale global economic system, have been identified, because the processes of stagnation, stabilization, and development of business in these sectors of the global economy are poorly understood and of interest for forecasting the progressive sustainable development of human society under complex modern conditions of transforming the unipolar structure of the global business into a multipolar configuration. It has been established that, with a positive dynamics of gross domestic product, banking assets, and steel production, a certain stabilization of the development of the considered financial-industrial sector of the global economic system has occurred. An analysis of the sustainable development of this system based on a mathematical description of a two-component dynamic model has shown that, in the long-term period, the evolution of the banking and metallurgical business will practically not have a significant impact on the accelerated manifestation of crisis phenomena in the global economy. The identified statistically significant relationships between the analyzed indicators in the period from 2009 to 2022 confirm the preservation of positive growth trends in the presented indicators over time despite the influence of the coronavirus pandemic. This allowed for an optimistic assessment of the prospects for business activities in medium and long term, as well as to conclude about the further joint evolution of the banking and metallurgical sectors of the global economy in a strategic perspective. The obtained results are recommended for determining the trends in development of large-scale economic systems.
期刊介绍:
Russian Metallurgy (Metally) publishes results of original experimental and theoretical research in the form of reviews and regular articles devoted to topical problems of metallurgy, physical metallurgy, and treatment of ferrous, nonferrous, rare, and other metals and alloys, intermetallic compounds, and metallic composite materials. The journal focuses on physicochemical properties of metallurgical materials (ores, slags, matters, and melts of metals and alloys); physicochemical processes (thermodynamics and kinetics of pyrometallurgical, hydrometallurgical, electrochemical, and other processes); theoretical metallurgy; metal forming; thermoplastic and thermochemical treatment; computation and experimental determination of phase diagrams and thermokinetic diagrams; mechanisms and kinetics of phase transitions in metallic materials; relations between the chemical composition, phase and structural states of materials and their physicochemical and service properties; interaction between metallic materials and external media; and effects of radiation on these materials.