<abstract> <p>This paper analyses the causes of downward trend in three key cohesion aspects world economy: international trade, foreign investment and global value chains. The shows that these trends are not cyclical, but structural; is, it is process deglobalization market, transformation very foundation economic system underway. specific aim study was to investigate impact curren...

The cornerstone for globalization was laid down by brave adventures who were on a quest to discover countries which isolated from the rest of world. diverse culture, cuisine, attire people newly discovered something attracted more travelers. It is evident that lockdown has had severe impact all global economies whether it would have lasting depends upon growing rate each country and their abili...

We have developed a method for detecting real money traders (RMTers) to support the operators of massively multiplayer online role-playing games (MMORPGs). RMTers, who earn currency in the real world by selling properties in the virtual world, tend to form alliances and frequently exchange a huge volume of virtual currency within such a community. The proposed method exploits (i) the trading ne...

3D Virtual worlds are computer mediated environments intended for the users to inhabit and interact via their representational avatars. Trading virtual goods in 3D virtual worlds plays an important role in realizing the virtual economy. This essay examines the impact of the unique virtual goods permission settings (Copy, Modify, and transfer) on creators’ pricing strategies. We collect data of ...

Introduction. The purpose of this paper is to elaborate the specific qualities of information in the context of synthetic worlds, particularly, information practices accomplished in playing online games. The main attention was directed towards two main features of information: information as capability for action, and as capital, implying the potential of using power over others. Method. A conc...

Economic activities in and around online gaming in China are often correlated in the West with practices of gold farming, or selling in-game currency to players for real money in online games. What can we learn about online gaming in China and about online gaming and online sociality more broadly when we look at economic and other “pragmatic” practices through which online gaming becomes meanin...

this paper proposes a structural model for the analysis of correlation between knowledge economy index and sustainable development across the world. an analytical model is devised for investigation of the role of the major factors in the process of development. the proposed structural model is calibrated using statistical data from the world bank, and the united nations for national economies a...

Despite the fast growing popularity of in-game purchases of virtual currency (to obtain game enhancing virtual items) in digital games, there is very limited formal research that studies this new business model and its impacts on players’ gameplay behavior and social welfare. This paper builds upon the classic labor-leisure model to capture players’ dual experience of enjoying leisure and earni...

Virtual worlds have become very popular recently, in particular 3D virtual worlds with a built-in virtual currency that enables providers and users to monetize their creations. Virtual Worlds based on the relatively new opensource and free-to-install “OpenSimulator” software currently lack such a virtual currency framework, in particular one that can be used across the boundaries of such virtua...