WorldWideScience

Sample records for global environmental crisis

  1. Unpacking the Global Crisis

    Juego, Bonn; Schmidt, Johannes Dragsbæk

    The paper hopes to contribute to a reading of the political economy of the current global crisis with a focus on four interrelated themes. First, we discuss the constitutive role and functional character of crises in the evolution of neo-liberalism in particular and in capitalist reproduction...... opposing crisis responses—from multilaterals to regional organisations to global civil society—and realise that responses from either pro-neoliberal or anti-neoliberal forces are fundamentally the same through the years, simply re-articulating analyses and programmes that they have respectively...... pursued and advocated long before the global crisis. And fourth, in the context of East and Southeast Asia, we examine the tendencies of the global crisis vis-à-vis the strengthening and even acceleration of emergent authoritarian liberalism in the region despite and because of the global crisis....

  2. Policing the Global Crisis

    William I. Robinson

    2015-08-01

    Full Text Available As part of my research for a book manuscript on the crisis of global capitalism I recently finished writing (Robinson forthcoming, I decided to re-read the classic 1978 study conducted by the noted socialist and cultural theorist Stuart Hall and several of his colleagues, Policing the Crisis. The authors show in that book how the restructuring of capitalism as a response to the crisis of the 1970s - which was the last major crisis of world capitalism until the current one hit in 2008 -led in the United Kingdom and elsewhere to an "exceptional state," by which they meant a situation in which there was an ongoing breakdown of consensual mechanisms of social control and a growing authoritarianism.

  3. Global financial crisis

    MSc. Jusuf Qarkaxhija

    2011-03-01

    Full Text Available The most recent developments in economy are a clear indicator of many changes, which are a result of this high rate pacing, which also demonstrates as such. Market economy processes occur as a result of intertwining of many potential technological and human factors, thereby creating a system of numerous diver-gences and turbulences. Economics, a social science, is characteri-sed with movements from a system to another system, and is har-monized with elements or components which have impacted the development and application of economic policies as a result. This example can be illustrated with the passing from a commanded system (centralized to a self-governing (decentrali-zed system, while the movement from a system to another is known as transi-tion. Such transition in its own nature bears a number of problems of almost any kind (political, economic, social, etc., and is charac-terised with differences from a country to another. Financial crisis is a phenomenon consisting of a perception of economic policies and creation of an economic and financial stabi-lity in regional and global structures. From this, one may assume that each system has its own changes in its nature, and as a result of these changes, we have the crisis of such a system. Even in the economic field, if we look closely, we have such a problem, where development trends both in human and technological fields have created a large gap between older times and today, thereby crea-ting dynamics with a high intensity of action. If we dwell on the problem, and enter into the financial world, we can see that the so-called industrialized countries have made giant leaps in deve-lopment, while countries in transition have stalled in many fields, as a result of a high rate of corruption and unemployment in these countries, and obviously these indicators are directly connected, thereby stroking the financial system in these countries. Corruption is an element, which directly and indirectly

  4. Crisis and Environmental Philosophy

    Peter Wolsing

    2014-06-01

    Full Text Available Environmental ethics began in the 1960s with a growing awareness of coming environmental problems such as pollution and the projected shortage of resources caused by an acceleration in human’s technically based exploitation of nature. In addition to becoming an issue in public debate and in politics since the 1970s, the environmental crisis, which can be laid at the door of industrialization, calls for a more basic consideration of man’s attitude to nature. In this paper I give a short presentation of the concept of crisis in a selection of the principal classical critical philosophies of history and suggest that they all connect crisis to the oppression of man’s inner nature. I go on to sketch the idea of environmental crisis as an oppression of outer nature (the natural environment suggesting that a new, more nuanced organic concept of nature is needed as a condition for ascribing value to life on earth as a whole, which is what most non-anthropocentric ethical theories to some extent do.

  5. THE EVOLUTION OF ECONOMIC GLOBALIZATION DURING THE CURRENT GLOBAL CRISIS

    Sabina Tuca

    2013-01-01

    The current economic crisis constitutes a serious test for the process of globalization. The purpose of this study is to analyze the influence of the current global crisis on economic globalization. To assess the impact of the current crisis on economic globalization, this paper examines the KOF Index of Globalization, before and during the crisis. The findings generally support the idea that economic globalization has been, in fact, weakened, after the onset of the current crisis. However, t...

  6. Was the 2007 crisis really a global banking crisis?

    Shehzad, Choudhry Tanveer; De Haan, Jakob

    We argue that the 2007 crisis was not a global banking crisis. Stock prices of banks in emerging countries faced a temporary shock but quickly recovered, while stock prices of banks located in industrial countries remained much lower than before the 2007 crisis. Our results also suggest that stock

  7. Impact of Global Financial Crisis on Nigerian Stock Market | Onuoha ...

    Impact of Global Financial Crisis on Nigerian Stock Market. ... that the global financial crisis measured by currency crisis, credit crisis, liquidity crisis, ... relevant regulatory authorities should use the financial stress index (FSI) as proposed by ...

  8. Avoiding a crisis of motivation for ocean management under global environmental change.

    Mumby, Peter J; Sanchirico, James N; Broad, Kenneth; Beck, Michael W; Tyedmers, Peter; Morikawa, Megan; Okey, Thomas A; Crowder, Larry B; Fulton, Elizabeth A; Kelso, Denny; Kleypas, Joanie A; Munch, Stephan B; Glynn, Polita; Matthews, Kathryn; Lubchenco, Jane

    2017-11-01

    Climate change and ocean acidification are altering marine ecosystems and, from a human perspective, creating both winners and losers. Human responses to these changes are complex, but may result in reduced government investments in regulation, resource management, monitoring and enforcement. Moreover, a lack of peoples' experience of climate change may drive some towards attributing the symptoms of climate change to more familiar causes such as management failure. Taken together, we anticipate that management could become weaker and less effective as climate change continues. Using diverse case studies, including the decline of coral reefs, coastal defences from flooding, shifting fish stocks and the emergence of new shipping opportunities in the Arctic, we argue that human interests are better served by increased investments in resource management. But greater government investment in management does not simply mean more of "business-as-usual." Management needs to become more flexible, better at anticipating and responding to surprise, and able to facilitate change where it is desirable. A range of technological, economic, communication and governance solutions exists to help transform management. While not all have been tested, judicious application of the most appropriate solutions should help humanity adapt to novel circumstances and seek opportunity where possible. © 2017 The Authors. Global Change Biology Published by John Wiley & Sons Ltd.

  9. The Global Economic Crisis and the Africa Rising Narrative

    in the context of the intertwined global socio-economic as well as ecological crisis ...... Warming and Environmental Destruction, London: Resistance Books. .... Piketty, T., 2014, Capital in the Twenty-First Century, The Belknap Press of Harvard.

  10. China's Environmental Crisis

    Eva Sternfeld

    2014-12-01

    Full Text Available The following article discusses the environmental challenges of China‘s economic boom and its social consequences. Although the country has a relatively long history of institutionalized environmental policy, it is in the implementation at local level where it faces large implementation deficits. Environmental damage causes not only high economic costs, but also affects social stability.

  11. Agro forestry systems and food security among smallholder farmers of the Brazilian Amazon: A strategy for environmental global crisis

    Abreu, Dr. Santiago de Lucimar; Watanabe, Dr. Maria Aico

    2008-01-01

    The Amazon is known for its environmental importance for the climatic equilibrium, for its abundance and richness in biodiversity and its preservation is important to reduce global heating. Nevertheless, little research has analysed the possible positive role of the local farm population for environmental conservation. The paper investigates the possibility to conciliate the environmental conservation with the small farming expansion in the Amazon, to build agrobiodiversity, and at the same t...

  12. Energy crisis? The likelihood of a global energy crisis

    Franssen, H.

    2001-01-01

    This paper assess global energy problems and compares the energy crises of the 1970s with current US energy problems. The reaction of the OECD countries to the oil crises of 1973/4 and 1979/80, the perception of future oil supplies, and the difficulties faced by ordinary consumers in accepting that there is an energy crisis are discussed along with the Californian electricity crisis, the falling US natural gas supplies, and the low return on investment in the US refining industry. The prospect of another oil crisis, and the need for consumers to learn to live with price volatility are considered

  13. The road to Rio or the global environmental crisis and the emergence of different agendas for rich and poor countries

    White, R R [University of Toronto, Toronto, ON (Canada). Dept. of Geography

    1992-01-01

    The industrialised countries of the North have become increasingly concerned about the impact of human activities on the environment, especially increased ultra-violet radiation, global warming and a rise in sea level. These changes are global problems, so the cooperation of the South is needed. The South is more concerned with the immediate environmental problems of soil erosion, droughts, poverty and rapid population growth. This paper examines the possibilities of meshing these contrasting priorities to the mutual benefit of both parties. 25 refs., 5 figs.

  14. THE GLOBAL FINANCIAL CRISIS AND NATIONAL FINANCIAL ...

    propose solutions aimed at reducing the effects of global financial crisis by ... rates of return leading to more investment and higher growth for developing countries. .... capital can without notice turn into outflows as it did in Russia and East Asia.

  15. GLOBALIZATION AND ECONOMIC CRISIS IN EUROPEAN COUNTRIES

    Silvia Marginean

    2011-01-01

    Full Text Available The paper analyzes the relation between degree of economic globalization and the impact of economic crisis for developed and emerging European countries. We measure economic globalization through indexes based on share of external trade in GDP and FDI intensity (% of FDI inflows and outflows divided by GDP. The complexity of current economic and financial crisis could be evaluated through GDP growth rate, inflation rate, unemployment, public debt, budget deficit, balance of payments, exchange rate, etc. For the purpose of this paper we used GDP growth rate as a measure of economic crisis impact on national economies.

  16. Global integration in times of crisis

    Jensen, Camilla

    shock) from other subsidiaries downstream in the value chain. While in a comparative perspective multinational subsidiaries are found to perform relatively better than local firms that are integrated differently (arms' length) in global production networks (e.g. offshoring outsourcing). This paper tries...... to reconcile these findings by testing a number of hypothesis about global integration strategies in the context of the global financial crisis and how it affected exporting among multinational subsidiaries operating out of Turkey. Controlling for the impact that depreciations and exchange rate volatility has...... integration strategies throughout the course of the global financial crisis....

  17. Las nuevas violencias en la crisis global

    José María Tortosa

    2010-01-01

    Full Text Available El artículo parte de la constatación de la complejidad que aqueja al fenómeno de las violencias, sea por sus muy diversos actores como por la heterogeneidad de los factores que inciden en ella, para pasar a describir someramente el conjunto de crisis (económica, medioambiental, alimentaria y energética que atraviesan al sistema mundial en la actualidad. A esto se añade la crisis de hegemonía de parte de Estados Unidos en dicho sistema. A partir de ello, se especula sobre el impacto que la combinación de ambos fenómenos puede tener en las violencias. El artículo termina con algunas observaciones sobre la fascinación con la violencia directa, sospechosa si tiene como función manifiesta o latente el ocultar la violencia estructural y la criminalidad de “guante blanco”.This article begins by confirming the complex nature of the various forms of violence that exist, due to the diversity of actors as well as the heterogeneous factors involved, and then goes on to describe the set of crises (economic, environmental, food and energy experienced by the current global system. To this must be added the crisis of hegemony on the part of the United States in said system. Based on this analysis, we speculate about the impact that the combination of these phenomena might have on forms of violence. The article ends with observations on the fascination with direct violence, a suspicious occurrence if its manifest or latent purpose is to conceal structural violence and white collar crime.

  18. The debt crisis, the global economy and the challenges of ...

    The debt crisis, the global economy and the challenges of development: sub Saharan Africa at the crossroads. ... democratization, striving towards gender parity, stemming conditions that precipitate incessant conflicts, reversing the region's crumbling environmental conditions, and fighting the HIV/AIDS pandemic. Journal of ...

  19. Global Financial Crisis and Philanthropy: Malaysian Case

    Janice Lay Hui Nga

    2015-01-01

    This paper investigates the issue of the global financial crisis and its impacts on philanthropy and civil society organisations (CSOs) in Malaysia. CSOs are popularly known as non-governmental organisations (NGOs) in Malaysia. Financial crisis has caused NGOs in many countries to receive less funding. This situation may threaten and discourage voluntary works. Undoubtedly, these beneficial contributions from the NGOs are needful services to the society. This paper examines the impact of fina...

  20. The global governance of crisis migration

    Alexander Betts

    2014-02-01

    Full Text Available There is no coherent or unified global governance framework for the different areas that have been subsumed under the umbrella of ‘crisis migration’. This is not to say that when new challenges or labels arise new institution-building is necessarily required. Addressing emerging protection gaps such as those related to crisis migration requires creativity in making existing institutions work better across implementation, institutionalisation and international agreements.

  1. Coping with the Global Economic Crisis: A Challenge to Technical ...

    gold

    2012-07-26

    Jul 26, 2012 ... Global Economic Crisis may as well be referred to as. Global ... utilization, household incomes and business profits all fall during recessions. Governments ..... In Nigeria today, education is in crisis, teachers' salaries are.

  2. Trust, confidence, and the 2008 global financial crisis.

    Earle, Timothy C

    2009-06-01

    The 2008 global financial crisis has been compared to a "once-in-a-century credit tsunami," a disaster in which the loss of trust and confidence played key precipitating roles and the recovery from which will require the restoration of these crucial factors. Drawing on the analogy between the financial crisis and environmental and technological hazards, recent research on the role of trust and confidence in the latter is used to provide a perspective on the former. Whereas "trust" and "confidence" are used interchangeably and without explicit definition in most discussions of the financial crisis, this perspective uses the TCC model of cooperation to clearly distinguish between the two and to demonstrate how this distinction can lead to an improved understanding of the crisis. The roles of trust and confidence-both in precipitation and in possible recovery-are discussed for each of the three major sets of actors in the crisis, the regulators, the banks, and the public. The roles of trust and confidence in the larger context of risk management are also examined; trust being associated with political approaches, confidence with technical. Finally, the various stances that government can take with regard to trust-such as supportive or skeptical-are considered. Overall, it is argued that a clear understanding of trust and confidence and a close examination of the specific, concrete circumstances of a crisis-revealing when either trust or confidence is appropriate-can lead to useful insights for both recovery and prevention of future occurrences.

  3. Brazil: improved environmental policy in spite of the financial crisis

    Kasa, Sjur; Naess, Lars Otto

    2002-01-01

    Globalization is often thought of as being associated with increasing environmental problems. In particular this is true in connection with dramatic financial crises. Experience from the financial crisis in Brazil in 1998 to 1999, however, shows a more varied picture in which parts of the environmental policy were indeed improved. The article also discusses how representative the example of Brazil might be for generalization and points out that the reaction of Brazil on the financial crisis was mitigated by that country being a strong democracy with robust institutions

  4. Russian Cosmism, Global Crisis, Sustainable Development

    Kuznetsov Oleg; Bolshakov Boris

    2013-01-01

    The article is based on the scientific report by O.L.Kuznetsov and B.E.Bolshakov at the General Meeting of Russian Academy of Natural Sciences (December 6, 2012). The scientific report caused a great interest, and many scientists suggested to open discussion in the press on this subject. The article reveals the natural-scientific and humanitarian mechanisms of global crisis and a transition way to sustainable development on the basis of world scientific heritage and, first of all, fundamental...

  5. Competitiveness in the global economic crisis

    Gheorghe Popescu

    2009-05-01

    Full Text Available The first challenge is to analyze the concept of "competitiveness" given the fact that in the centre of the great economic analystes' concerns lays from some time the phenomenon of competitiveness, along with the generation of competitive advantage at the organization level and, moreover, at country level. The economic science will have to be rethought, meaning that competitiveness will have to adapt to the new prospects launched today by the global economic crisis.

  6. Global Financial Crisis – Policy Response

    Dakić Milojica

    2014-01-01

    Full Text Available Six years after the outbreak of the financial crisis that had shaken the global financial system, experts and analysts all over the world continue discussing the effectiveness, scope and adequacy of mechanisms and measures implemented in the meantime, as well as the adequacy of the underlying theoretical concept. A global consent has been reached on ensuring financial stability through the interaction of monetary, fiscal and prudential policy to ensure the necessary macroprudential dimension of regulatory and supervisory frameworks. The USA crisis spilled over to Europe. Strong support of governments to bail out banks quickly resulted in sovereign debt crises in some peripheral EU Member States. Fiscal insolvency of these countries strongly shook the EU and increased doubts in the monetary union survival. The European Union stood united to defend the euro and responded strongly with a new complex and comprehensive financial stability framework. This supranational framework is a counterpart to the global financial stability framework created by the G20 member countries. Starting from the specific features of the monetary policy whose capacities are determined by euroisation, available instruments and resources for preventive supervisory activities, as well as the role of the government in crisis management, Montenegro created a framework for maintaining financial stability and prescribed fostering and maintaining financial stability as the main objective of the Central Bank of Montenegro.

  7. Global Financial Crisis and Philanthropy: Malaysian Case

    Janice Lay Hui Nga

    2015-08-01

    Full Text Available This paper investigates the issue of the global financial crisis and its impacts on philanthropy and civil society organisations (CSOs in Malaysia. CSOs are popularly known as non-governmental organisations (NGOs in Malaysia. Financial crisis has caused NGOs in many countries to receive less funding. This situation may threaten and discourage voluntary works. Undoubtedly, these beneficial contributions from the NGOs are needful services to the society. This paper examines the impact of financial crisis through the lens of NGOs and philanthropy activities in Malaysia. It utilises primary and secondary data, employs a mixed method approach, and uses quantitative and qualitative data. While there are many influencing factors in this development, this paper presents several significant aspects in the Malaysian context, including the style and nature of giving, culture, religion, and political pressure. This study attempts to seek potential solutions, pathways and possible approaches beneficial to NGOs and philanthropy activities for their sustainability in facing the financial crisis and its consequences. Experiences and lessons learnt in Malaysia may well be useful and applicable to some extent in other countries.

  8. Impact of Global Financial Crisis on Nigerian Stock Market

    DrNneka

    Key words: Global financial crisis, Nigerian stock market, currency crisis, ... drop in all economic indices over a relatively short period of time leading to corporate .... magnitude and many countries with sound fundamentals also plunged into a ...

  9. The Global Economic Crisis and the Global Accumulation of Capital

    Wojciech Błasiak

    2010-06-01

    Full Text Available The article presents a thesis that the current global economic crisis is the Second Great Depression, after the First Great Depression of the 30s. This is a global crisis of capital accumulation, which is caused by insufficient global demand. The author analy - ses the theoretical output of John Maynard Keynes, Michał Kalecki, Paul Baran and Paul Sweezy. The post-war „Golden Age” of the capitalist economy ended in 1973 with a de - ep stag flation of the 70s and 80s. Capitals searching for profitable investment, started to be invested in financial speculation, growing since the 80s. This speculation was enabled on a global scale by the Washington Consensus in the 90s. The explosion of financializa - tion of the global economy began. The author presents the analyses of Paul Sweezy and Harry Magdoff, who argued that this was financialization of global accumulation of ca - pital in a form of world financial speculation. This process was completed by the finan - cial crash in 2008, which was the implosion of global speculative balloons. Economics and global economic policy faced challenges of creating new world economic order.

  10. The Cultural Basis for Our Environmental Crisis

    Moncrief, Lewis W.

    1970-01-01

    Pollution is seen as prevalent throughout man's history and currently accentuated by democracy, industrialization, and capitalism. Faith in technology, lack of decisive response by social institutions, and absence of personal moral direction mediate against rapid solution of the environmental crisis. (JM)

  11. Cervical cancer: A global health crisis.

    Small, William; Bacon, Monica A; Bajaj, Amishi; Chuang, Linus T; Fisher, Brandon J; Harkenrider, Matthew M; Jhingran, Anuja; Kitchener, Henry C; Mileshkin, Linda R; Viswanathan, Akila N; Gaffney, David K

    2017-07-01

    Cervical cancer is the fourth most common malignancy diagnosed in women worldwide. Nearly all cases of cervical cancer result from infection with the human papillomavirus, and the prevention of cervical cancer includes screening and vaccination. Primary treatment options for patients with cervical cancer may include surgery or a concurrent chemoradiotherapy regimen consisting of cisplatin-based chemotherapy with external beam radiotherapy and brachytherapy. Cervical cancer causes more than one quarter of a million deaths per year as a result of grossly deficient treatments in many developing countries. This warrants a concerted global effort to counter the shocking loss of life and suffering that largely goes unreported. This article provides a review of the biology, prevention, and treatment of cervical cancer, and discusses the global cervical cancer crisis and efforts to improve the prevention and treatment of the disease in underdeveloped countries. Cancer 2017;123:2404-12. © 2017 American Cancer Society. © 2017 American Cancer Society.

  12. Ways out of the environmental crisis

    Irrgang, B.; Klawitter, J.; Seif, K.P.

    1987-01-01

    The book documents the interdisciplinary papers held at a meeting on 'Ways out of the environmental crisis' in November 1985. Guided by the principle of concrete responsibilities emphasis was on the following subjects: Time presses - definition and consequences of the awareness of an imminent environmental catastrophe; air pollution and water pollution recapitulated; economic strategies for the benefit of pollution abatement; ethical and theological aspects; acceptable environmental policies - prospects and perspectives. The papers reflect the relation between the environment, the present generation, posterity, gross national producns and energy consumption, and present a number of scientifically founded alternative strategies. (HSCH) With 16 figs., 1 tab [de

  13. THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON ALGERIAN ECONOMY

    Zeyneb GUELLIL

    2015-04-01

    Full Text Available The Global Economic Crisis and 2008 financial crisis, is considered by many economists the worst financial crisis since the Great Depression of the 1930s , The financial crisis, brewing for a while, really started to show its effects in the middle of 2007 and into 2008. It is a situation where macro indicator like economic growth rate fall in most countries across the world. “Although economists largely failed to predict this global economic seismic shock, they have since made up for their oversight by generating a large and growing literature explaining the crisis.” In this discussion paper explores what happened and what issues arise from the Global Financial Crisis on the global economy and the Algerian economic in particular.

  14. Europe's place in global financial governance after the crisis

    Mügge, D.

    2015-01-01

    In the years leading up the global financial crisis, the European Union (EU) had emerged as a central actor in global financial governance, almost rivalling the United States in influence. While the USA and the EU continue to dominate financial rule setting in the post-crisis world, the context in

  15. The ebola crisis : challenges for global health law

    Toebes, Brigit

    2015-01-01

    he recent Ebola crisis has caused approximately 20.000 deaths so far. Compared to other global health crises, including the deaths caused by armed conflicts and chronic diseases, this is still a small amount. Yet, from a global and domestic health law and governance perspective, this crisis raises a

  16. Globalization Crisis and National Security: A Reflection on Nigeria ...

    Globalization Crisis and National Security: A Reflection on Nigeria Textile Industry. ... PROMOTING ACCESS TO AFRICAN RESEARCH ... Thus, while globalization has several palpable positive effects on the countrys industrial growth, it also ...

  17. The effects of the global economic crisis in Latin America

    Arturo Guillén R.

    2011-06-01

    Full Text Available The aim of this article is to analyze the current phase of the global crisis and the way it has manifested itself in Latin America. The global crisis is the most important capitalist crisis since World War II. It is a new type of debt-deflation crisis, highlighting the limits of the finance-dominated regime of accumulation and characterized by securitization. Latin American countries have not been immune to the global crisis. Since it sets limits on globalization, the impossibility of maintaining export-driven accumulation sustained by restrictive monetary and fiscal policies becomes clear. This time, there will be no way out in external markets for any country. That fact will force them to restructure productive systems and search for a way out in domestic markets and in regional spaces for integration.

  18. Capital Structure and Firm Performance During Global Financial Crisis

    Khodavandloo, Marzieh; Zakaria, Zukarnain; Nassir, Annuar Md.

    2017-01-01

    The relationship between capital structure and firm performance has been extensively investigated in the recent decades. However, only few studies investigate this relationship during financial crisis. Recent global financial crisis provides an opportunity to examine the effect of the crisis on the relationship between capital structure and firm performance. Therefore, this paper aims to investigate this relationship based on 45 listed companies involved in trading and services sector of the...

  19. Values of financial services professionals and the global financial crisis as a crisis of ethics

    Hoorn, André van

    2013-01-01

    Many attribute the global financial crisis (GFC) to the ethical values of the people involved, financial services professionals (FSPs) such as stockbrokers or fund managers. The crisis-of-ethics debate is important, concerning one of the main policy challenges of our times, but is based on popular

  20. Impact of global financial crisis on the economy of Ukraine

    Turko, Vasyl; Mukan, Andriy

    2013-01-01

    Thе primary concern of this research is to examine the impact of the global financial crisis on the economy of Ukraine. The principal result of this research is to identify the main causes and levers of that influence. The study proposes a new way out of economic crisis in Ukraine.

  1. Essays on globalization, monetary policy and financial crisis'

    Qian, Z.

    2012-01-01

    This thesis focuses on three interlinked topics. Chapter 2 studies the determinants of sovereign CDS spreads in Greece, Ireland, Italy, Portugal and Spain during the recent global financial crisis and European debt crisis. Chapter 3 introduces a model on the interactions between monetary policy

  2. Public Policy Responses to the Global Financial and Economic Crisis

    This article aims to assess the impact of the global fi nancial and economic crisis on two sectors in South Africa, namely, the automobile sector and the textile and clothing sector. It also examines the role of public policy in responding to that crisis. Its main objective is to determine whether or not those responses were ...

  3. Environmental mutagenesis during the end-Permian ecological crisis.

    Visscher, Henk; Looy, Cindy V; Collinson, Margaret E; Brinkhuis, Henk; van Konijnenburg-van Cittert, Johanna H A; Kürschner, Wolfram M; Sephton, Mark A

    2004-08-31

    During the end-Permian ecological crisis, terrestrial ecosystems experienced preferential dieback of woody vegetation. Across the world, surviving herbaceous lycopsids played a pioneering role in repopulating deforested terrain. We document that the microspores of these lycopsids were regularly released in unseparated tetrads indicative of failure to complete the normal process of spore development. Although involvement of mutation has long been hinted at or proposed in theory, this finding provides concrete evidence for chronic environmental mutagenesis at the time of global ecological crisis. Prolonged exposure to enhanced UV radiation could account satisfactorily for a worldwide increase in land plant mutation. At the end of the Permian, a period of raised UV stress may have been the consequence of severe disruption of the stratospheric ozone balance by excessive emission of hydrothermal organohalogens in the vast area of Siberian Traps volcanism. Copyright 2004 The National Academy of Sciencs of the USA

  4. Strategies for Combating Global Economic Crisis in Nigeria through ...

    First Lady

    2012-10-27

    Oct 27, 2012 ... cash-productive; boosting the students interest I n science; and developing ... Global economic depression, according to Babalola and Tiamiyu (2009) ... help to overcome the problem of economic crisis in the country? 2.

  5. Impact of Global Economic Crisis on Technical and Vocational ...

    User

    2011-05-20

    May 20, 2011 ... factors, which also mutually interact with each other (Coombs, 1985). In Nigeria the global economic crisis (GEC) has led to depletion of stocks, ..... The Study of Instructional Communication Strategies in Nigerian Universities.

  6. Emerging Economies and Firms in the Global Crisis

    n exploration into the impact of the global crisis on emerging economies and firms and their responses to it. The ways in which the leading emerging economies of Brazil, Russia, India and China (BRIC) are dealing with the challenges of the global crisis are complemented by the approaches applied...... by countries and firms from Central and Eastern Europe. This is a pioneering volume shedding light on the successful international activities of the emerging economies in the global crisis. Offering a variety of perspectives, the chapters deal with the successful application of specific modes of market entry...... of BRIC economies in developed countries and the ways in which Russian, Indian, Chinese, and also Polish, Slovene and Estonian firms have coped with the challenges of the global crisis....

  7. Global Financial Crisis and Vulnerability in Cambodia | IDRC ...

    The global financial crisis of 2008 has aggravated poverty and inequality through contractions in employment, consumption and investment. While there have been a number of ... Country(s). Cambodia, Far East Asia, Central Asia, South Asia ...

  8. Fiscal policy and the global financial crisis

    Andersen, Torben M.

     The financial crisis raises demands for fiscal policy interventions. While a fall in aggregate demand is an important consequence of the crisis, it also reflects more underlying structural problems and changes. Hence, appropriate policy designs have to take account of the nature of the crisis......-run objectives are discussed. Past experience shows that deep recessions become persistent due to marginalization of unemployed, and therefore labour market policies have to be considered as an integral part of policy packages. Finally the question of international policy coordination is addressed....

  9. WESTERN BALKANS’ COUNTRIES IN FOCUS OF GLOBAL ECONOMIC CRISIS

    Engjell PERE; Albana HASHORVA

    2011-01-01

    The paper intends to analyze the impact of global economic crisis on the economies of Western Balkan Region. Albania, Bosnia & Herzegovina, Croatia, Macedonia (FYROM), Montenegro, Serbia, and Kosovo are part of this Region. The purpose of the paper is not to analyze the global crisis impact on specific sectors of the economies of the Western Balkan Countries, indeed, it focuses mainly on the macroeconomic level, identifying and analyzing fluctuations of major macroeconomic indicators of the e...

  10. The Economic Crisis and Several Effects on Global Economy

    Florina BRAN

    2011-01-01

    Full Text Available The main mechanism of profit making is not production according to the outcomes of several analyses of the current economic crisis. This mechanism is circulation and exchange. Starting with this observation the paper goes through a number of aspects regarding the relation between crisis and economy at global level. These aspects consist in the recent financial turmoil; who pays for the crisis; stabilizing the financial sector; recession and the financial crisis; the internationalization of the crisis; commodities and the ecological crisis; an end to neo-liberalism; what should socialists demand. We notice and comment on how important current development in the wake of the banking crisis is for the transmission of that crisis to the rest of the economy and its interaction with the more general economic crisis now emerging. It was concluded that there are good chances that the current economic order to be broken. The future shape of the order will depend more on vision of managers than on the influence of the so called objective factors.

  11. Development and progress: advancing towards environmental crisis

    Gomez G, Luis Jair

    2011-01-01

    Physical, biological and social evolution is doubtless. One of its first manifestations is the arrival of technique when hominids emerge from pre-hominids. Those first technical developments implied a new relation man/environment that was expressed in three components that appeared successively and pushed each other in time and space like this: dominion over nature, population concentration (urbanism), and population growth. Techniques are to generate three notorious effects on the relation man/nature: 1. Deep intervention on the physical environment: mining and industrial transformation processes; 2. Deep intervention on the biological environment: development of agriculture with a decrease in biodiversity; and 3. Deep intervention on the social environment: going from a pre-modern communitarian world, to the individualism of modernity; and from the agrarian field to the big city. All these technical developments boosted dominion of the technosphere over the ecosphere, which led to the appearance of the Environmental Crisis, whose most notable manifestation is Climatic Change.

  12. Ramses 2010 - World crisis and global governance

    Moreau Defarges, Ph.; Montbrial, Th. de

    2009-01-01

    2009: the world has changed and is learning to live with the crisis. Not only it is expected to last long but also it impacts the overall social life and in particular the political systems (through governments, elections..). The Ramses 2010 book presents the world through two main axes, crisis and governance, and analyses its geopolitical situation in 8 parts dealing with: world economy, energy and climate, USA, Europe, Middle-East/Maghreb, Asia, Africa, and Latin America. It comprises 53 entries by country and/or topic with maps and key data (150 countries). (J.S.)

  13. Schooling the Crisis? Education in the Aftermath of the Global Financial Crisis

    Morgan, John

    2014-01-01

    Five years on from the onset of the global financial crisis, there has been little sustained discussion of its implications for schooling. This is surprising when we consider that for the past three decades education has been shaped by assumptions about the need to prepare students for life in global capitalist economies. The consensus seems to be…

  14. The Global Crisis and the Assault on Democracy

    Juego, Bonn; Schmidt, Johannes Dragsbæk

    The paper argues that the current global capitalist crisis entails an assault on democracy. Since crisis connotes danger and opportunity, the recent crisis appears to be a danger to democracy but an opportunity to its antithetical ideals. At the international level, multilateral institutions have...... seized the moment to reaffirm the perpetuation of the discursive and structural hegemony of neoliberalism. In East and Southeast Asia, states and regional organisations have revived arguments for the institutional justification of authoritarian liberalism in the region. And in the US and Europe, attempts...

  15. Accommodating Global Markets: Malaysia's Response to Economic Crisis

    Helen Nesadurai

    1998-01-01

    The East Asian financial crisis has shown how governments in affected countries have had to contend both with the external constraint imposed by global capital mobility and domestic political dynamics when instituting adjustment to the crisis. Some commentators see the reform process in the East Asian states as an outcome of the disciplining behaviour of financial markets that will lead to the complete dismantling of those structures that supported the state- directed developmentalist mode of...

  16. The Effect of the Global Financial Crisis and the Sovereign Debt Crisis on Public Sector Accounting: A Contextual Analysis

    Emmanuel Igbawase Abanyam; Paul Aondona Angahar

    2015-01-01

    This paper examines the effect of global financial crisis and the sovereign debt crisis on public sector accounting. The global financial crisis and sovereign debt crisis were contextually analysed bringing out clearly its effect on public sector accounting which include accounting issues related to public sector intervention, accounting for recapitalization of investment, accounting for fiscal support, accounting for financial guarantees. The paper found out that, the unresolved fiscal and d...

  17. Mobilization strategy to overcome global crisis of water consumption

    Suzdaleva, Antonina; Goryunova, Svetlana; Marchuk, Aleksey; Borovkov, Valery

    2017-10-01

    Today, the global water consumption crisis is one of the main threats that can disrupt socio-economic and environmental conditions of life of the majority of the world’s population. The water consumption mobilization strategy is based on the idea of increasing the available water resources. The main direction for the implementation of this strategy is the construction of anti-rivers - the systems for inter-basin (interregional) water resources redistribution. Antirivers are intended for controlled redistribution of water resources from regions with their catastrophic excess to regions with their critical shortage. The creation of anti-rivers, taking into account the requirements of environmental safety, will form large-scale managed natural- engineering systems and implement the principle of sustainable development adopted by the United Nations. The aim of the article is to substantiate a new methodological approach to address the problem, where the implementation of this approach can prevent large-scale humanitarian and environmental disasters expected in the coming years.

  18. Ecological advice for the global fisher crisis.

    Roberts, C M

    1997-01-01

    Fisheries science was the precursor of population ecology and continues to contribute important theoretical advances. Despite this, fishery scientists have a poor record for applying their insights to real-world fisheries management. Is there a gulf between theory and application or does the high variability inherent in fish populations and complexity of multispecies fisheries demand a different approach to management? Perhaps the solution to the world fisheries crisis is obvious after all?

  19. Environmental Sanitation Crisis: More than just a health issue

    Peter A. Harvey

    2008-01-01

    Full Text Available The global environmental sanitation crisis cannot be denied: well over a century after the sanitary revolution in 19th century Europe, 40% of the world’s population still lacks access to improved sanitation. Important lessons from the past must be applied today if the crisis is to be averted. Sanitation has suffered from a lack of prioritization for as long as it has remained the poor relation to water supply. The International Year of Sanitation 2008 provides an opportunity to separate the two and give sanitation the emphasis it requires. The economic argument for sanitation must be articulated and non-health incentives for improved sanitation exploited. Environmental sanitation results in a multitude of socio-economic benefits and can contribute positively to all the Millennium Development Goals. Community-led bottom-up approaches, rather than supply-led or technology-driven approaches, are most effective in increasing and sustaining access to sanitation but need to be implemented at scale. Targeted strategies for urban and school sanitation are also required. Evidence-based advocacy can help develop the political will that is now needed to ensure sufficient public sector investment, leadership, legislation and regulation to ensure that the fundamental human right of access to sanitation is realized.

  20. Australian baby boomers face retirement during the global financial crisis.

    Kendig, Hal; Wells, Yvonne; O'Loughlin, Kate; Heese, Karla

    2013-01-01

    This paper examines the impact in Australia of the global financial crisis on the baby boom cohort approaching later life. Data from national focus groups of people aged 50 to 64 years (N = 73), conducted in late 2008, found widespread but variable concern and uncertainty concerning work and retirement plans and experiences. A national survey (N = 1,009) of those aged 50 to 64 years in mid-2009 reported lower levels of financial satisfaction compared with other life domains; many planned to postpone retirement. Findings are interpreted in the context of policies and markets that differed significantly from those in the United States, notwithstanding the global nature of the financial crisis.

  1. HOW AFFECTED WAS WORLD INSURANCE MARKET BY GLOBAL CRISIS?

    ANA PREDA

    2013-12-01

    Full Text Available Global economic and financial crisis triggered in 2008 had a significant impact with effects in economical life worldwide. Insurance industry wasn't spared but was less affected than other sectors of the world economy. The aim of the present paper is to underline the main crisis effects on global insurance market through a comparative study between different regions from the world, taking into consideration the main indicators which give us an insurance market dimension, such as: gross premium volume, insurance density and insurance penetration.

  2. The Global Financial Crisis and the Arab World

    Brach, Juliane; Loewe, Markus

    2010-01-01

    Much has been written on the impact of the global financial crisis on Europe, Asia and the Americas but only little on the Arab states. This article makes an early attempt to take stock of recent developments in the Arab world and offers a systematic approach to disentangle the various inter......-linkages and effects of the crisis on the region. It argues that most Arab countries might be lucky and get off lightly, especially the energy-importing Arab countries which have proved not to be very vulnerable because they are only weakly integrated into global trade and capital markets. The energy exporters have...

  3. The Niger Delta Environmental Crisis in Nigeria: A Perspective ...

    gold

    2012-07-26

    Jul 26, 2012 ... This erratic behaviour has negative impact on the production of oil and ... government as it interrupts the steady flow of capital to the national treasury ... Key Words: Environmental, Crisis, Oil Spillage, Gas Flaring, Amnesty.

  4. The Current Global Financial Crisis 2008-2012

    Albulena Shala

    2013-12-01

    Full Text Available The current global financial crisis is considered as one of the biggest crises after the crisis of the years of 30’s. The global financial crisis has affected all countries including developed and developing ones. It also has affected all the industries. Population with the low-income faced the greatest consequences. The last hope for the survival of the market economy was to undertake important steps for the nationalization of bankrupted banks and companies, thereby developing policies for the preservation of jobs. Through this analysis, we have included briefly some of the development followed the period of 2008 and onwards. A summary of statistics for some important economic indicators such as employment, exporting and importing is covered in this study as well.

  5. CRISIS ALIMENTARIA: NUEVO MEGA-NEGOCIO GLOBAL

    Mario Godinez López

    2008-12-01

    Full Text Available Resumen El presente artículo desenmascara la forma en que falazmente las instituciones financieras multilaterales pretenden hacer ver las causas de lo que han dado en llamar “la crisis alimentaria mundial” a partir del incremento de los precios de los alimentos alrededor del mundo. Agrocombustibles, incremento del precio del petróleo, cambio climático en zonas productoras son algunas de las causas que el Banco Mundial pone como justificación al incremento del precio de la mayoría de cereales y granos básicos. La milagrosa solución al hambre en los países pobres: la minería, es lanzada desde este todopoderoso agente financiero, como panacea para la producción de regalías que permitan a muchos países de África y algunos de América Latina y Asia,  para resolver la problemática alimentaria.  ¡Nada más falso! En los siguientes párrafos se describen las verdaderas razones de la crisis del actual modelo económico mundial, y se proponen desde un país en concreto,  propuestas de política pública para su solución.   Abstract The present article unmasks the way in which multilateral financial institutions pretend fallaciously to show the causes of which they have given to call “the world food crisis” since the increasing prices of food around the world. Agrofuels, increase the price of oil, produces climate chance in zones used for production, these are some of the causes that the World Bank uses to justify the increasing prices of the majority of cereals and grains. The miraculous solution for hunger in poor countries: mining, is launched from this all mighty financial agent, as a panacea to produce royalties that will permit many countries in Africa, and in some in Latin American and Asia, to solve their food problematic. Nothing more false than that! In the next paragraphs the true reasons of this crisis of the actual economic world model are described, and from a particular country, proposals of public politics for

  6. Teacher Education, the Global Financial Crisis, Frogs and Bicycles

    Ling, Lorraine

    2012-01-01

    Background: The extent to which the global financial crisis (GFC) has impacted upon teacher education in universities in Australia is potentially, like most other aspects of teacher education, a contested area. Purpose, aims/questions: The aim of this article is to examine the impact the GFC along with other funding constraints, has had on teacher…

  7. Impact of Global Economic Crisis on Technical and Vocational ...

    The study examined the relationship between global economic crisis (GEC) and inadequacy of facilities for administration of the Technical and. Vocational Education. The descriptive survey design with a random sample of 100 technical teachers from a population of 139 technical teachers in all six Technical Colleges in ...

  8. Global Food Crisis and the Millennium Development Goals in Africa ...

    hunger/poverty, food security in the world has been deteriorating, especially in Sub-Saharan Africa. Amidst the slow pace of meeting the millennium goal of reducing poverty/hunger arises a serious challenging threat - the food crisis in the midst of the MDGs' efforts. It is on this premise that this paper examines the global ...

  9. The Global Financial Crisis and currency crises in Latin America

    Boonman, Tjeerd M.; Jacobs, Jan P.A.M.; Kuper, Gerard H.

    2012-01-01

    The Global Financial Crisis (GFC) has aected many regions including Latin America. This paper focuses on currency crises in Argentina, Brazil and Mexico. We estimate an Early Warning System, consisting of a dynamic factor model and an ordered logit model, with monthly data for 1990-2007. Ex ante

  10. Global Financial Crisis and Vulnerability in Cambodia | CRDI ...

    This project seeks to capture the impact of the global crisis on Cambodian households in terms of economic variables such as income, consumption, employment and assets. Analyzing data from two ... informal safety nets. And, they will provide input to high-level policy discussions on national social protection measures.

  11. Global economic crisis and Africa's economic performance | Ekpo ...

    It is generally acknowledged that African economies were able to withstand the 2007/2008 global economic crisis because of better macroeconomic management. Macroeconomic fundamentals, such as growth, rate of inflation and deficit/GDP ratio, among others, appear to move in the right direction during and after the ...

  12. Lessons and policy implications from the global financial crisis

    Claessens, S.; Dell'Ariccia, G.; Igan, D.; Laeven, L.A.H.; Caprio, G.; Beck, T.; Claessens, S.; Schmukler, S.L.

    2013-01-01

    The crisis has brought to light a number of deficiencies in financial regulation and architecture, particularly in the treatment of systemically important financial institutions, the assessments of systemic risks and vulnerabilities, and the resolution of financial institutions. The global nature of

  13. Global Crisis: A Local Perspective on the Impacts on Developing ...

    Marjorie Alain

    At the onset of the global financial crisis, there was considerable debate as to ... investment, remittances and aid) of the country and the policies put in place to ... four in Asia (Cambodia, Indonesia, Lao People's Democratic Republic, and the ...

  14. Financial Policies of Turkish Industrial Companies during the Global Crisis

    Cenk Gokce Adas

    2016-01-01

    Full Text Available Latest global financial crisis that shrank the credit market affected the companies’ financial policies since the credit contraction led the firms to rely more on their own resources rather than external financing. The expectation during such crises is more equity issues along with less borrowing. In economic literature there are some evidence supporting this fact for developed countries. As an emerging country Turkey’s case is different than that of advanced countries. The era commenced with Lehman turmoil by passed Turkish economy in the first years due to the solid, strong and healthy banking sector due to the measurements taken after 2001 banking crisis of Turkey. Therefore, international lenders did not hesitate directing their funds to Turkish banks. As a result, Turkish companies did not suffer in financing their investments through bank loans. Moreover, the growth policy of Turkey based on current account deficit supported Turkish economy and in turn the firms due to the abundance of liquidity after the peak of the crisis. In this work we examined 164 industrial firms that are traded on Borsa Istanbul to see if there happened to be a shift in their financing preferences during the recent global crisis. We found that the importance of borrowing had not decreased and that contradicts the expectations. As of equity issues, before and after 2009 no radical change has been observed. In 2009 where the crisis hit worst Turkish economy leading a 4.7% GDP decrease, the equity issues were doubled.

  15. The Demographic Crisis and Global Migration - Selected Issues

    Frątczak, Ewa Zofia

    2016-01-01

    Currently the world is undergoing a serious demographic shift, characterised by slowing population growth in developed countries. However, the population in certain less-developed regions of the world is still increasing. According to UN data, as of 2015, (World...2015), 244 million people (or 3.3% of the global population) lived outside their country of birth. While most of these migrants travel abroad looking for better economic and social conditions, there are also those forced to move by political crises, revolutions and war. Such migration is being experienced currently in Europe, a continent which is thus going through both a demographic crisis related to the low fertility rate and population ageing, and a migration crisis. Global migrations link up inseparably with demographic transformation processes taking place globally and resulting in the changing tempo of population growth. Attracting and discouraging migration factors are changing at the same time, as is the scale and range of global migration, and with these also the global consequences. The focus of work addressed in this paper is on global population, the demographic transformation and the role of global migrations, as well as the range and scale of international migration, and selected aspects of global migrations including participation in the global labour market, the scale of monetary transfers (remittances) and the place of global migration in the UN 2030 Agenda for Sustainable Development (Transforming...2015) and the Europe of two crises (Domeny 2016).

  16. The Impact of the Global Financial Crisis on Banking Globalization

    Claessens, S.; van Horen, N.

    2014-01-01

    Although cross-border bank lending has fallen sharply since the crisis, extending our bank ownership database from 1995-2009 up to 2013 shows only limited retrenchment in foreign bank presence. While banks from OECD countries reduced their foreign presence (but still represent 89% of foreign bank

  17. The Impact of the Global Economic Crisis on Cambodia

    Pisey Khin; Ryuta Ray Kato

    2010-01-01

    We numerically examine the impact of the global economic crisis on the Cambodian garment exports as well as its economy by using the conventional CGE model. A seminal aspect of the paper is that we have successfully estimated the curvature of the CET and CES production functions for the Cambodian economy, by using the time series regression method. One of our most striking results indicates that the welfare cost of the impact of the crisis at least reaches 281 million US dollars, thus resulti...

  18. The Reproduction of Neoliberalism and the Global Capitalist Crisis

    Juego, Bonn

    2012-01-01

    The paper attempts to contribute to a critical reading of contemporary global political economy. It provides an analysis through an empirical exposition of the latent and manifest ways neoliberalism is being reproduced institutionally and relationally despite and because of the ongoing global...... capitalist crisis. To this end, three interrelated themes are highlighted here: first, the constitutive role and functional character of crises in the evolution of capitalism and the reproduction of its current neoliberal configuration; second, the continuity of long-held ideas of groups ranging from...... multilateral organizations to global justice movements – hence, the absence of relatively new perspectives – as evident in their respective policy prescriptions and crisis responses that effectively perpetuate the hegemony of neoliberal capitalism; and third, the emergence of the political-economic regime...

  19. Crisis, Neo-liberal Globalization and Alternatives?

    Schmidt, Johannes Dragsbæk

    Guest Lecture at Institute for Foreign Policy, University of Calcutta, 4 March 2013 Outline: Point of departure: Neoliberal globalization has reached its end-point! Why? 1 - Never delivered what was promised 2 – compromised as ideology and strategic policy device 3 – lost legitimacy – its main...

  20. Modern Finance, Methodology and the Global Crisis

    Esteban Pérez Caldentey; Matías Vernengo

    2010-01-01

    Modern finance has a conceptually unified theoretical core that includes the efficient market hypothesis (EMH), the relationship between risk and return based on the Capital Asset Pricing Model (CAPM), the Modigliani-Miller theorems (M&M) and the Black-Scholes-Merton approach to option pricing. The core has been instrumental to the growth of the financial services industry, financial innovation, globalization, and deregulation. The significant impact of the core is explained by their success ...

  1. THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE PUBLIC AND PRIVATE FINANCES IN ROMANIA

    SANDA GHEORGHE GABRIEL

    2014-08-01

    Full Text Available If the exit from the crisis is linked to the productivity, the technological boom, the orientation should take place by sectors with high growth potential. The idea is that the power of the Government to rely on increasing economic value and implementing effective measures to redress and not on fiscal destructive policies that can block even more the economic development. In order to exit from the economic and financial crisis it is necessary to identify the risks and vulnerabilities of the financial system as a whole. However, the emergence of malfunctions such as inaccurate assessment of risks and the inefficiency with which capitals are allocated can affect the equilibrium of the financial structure. Some solutions to overcome the negative effects of the global crisis to which has been submitted to Romania are represented by the design and implementation of strong macroeconomic frameworks, reviewing and improving the capacity of institutional, organizational level, to ensure a sustainable and environmentally sound growth of the economy in the long run, for the benefit of the society in general. The real cause of the economic crisis, whether it is called: recession, crisis, economic depression or another name, the content and the effect of the crisis are the same, however, can be solved if the policy makers choose to stabilize the financial conditions and to find solutions stimulus, achieving strong macroeconomic frameworks, improving the institutional capacity to ensure a sustainable and favorable growth of the economy, the society in general.

  2. GLOBAL ECONOMIC CRISIS: EXPERIENCE OF TURKEY AS THE MODEL OF RECOVERY

    NEVZAT TETIK

    2012-01-01

    Between the years 1820-2008, there have been many economic crises in the World. Each of the crises had different intensity, scope and dimension. 2008 global crisis also had distinctive features. Starting with U.S. financial crisis, with a domino effect of financial instruments, the crisis deepened and shifted to global dimension without any discontinuity. Effects of the 2008 global crisis, as countries could not reach financial balance and could not implement policies that would restart econo...

  3. Global integration strategies in times of crisis

    Jensen, Camilla

    2017-01-01

    In recent years, we can observe the emergence of firms, born both digital and global, that have disrupted existing industries. Deploying digital technologies, they have developed innovative value chains and business models that threaten established multinational companies (MNCs). In this chapter......, we examine how MNCs can and do respond to the challenge digital technologies represent. We describe the main facets of digital technologies and discus the potential these have to undermine the value chains and business models of established MNCs. In order to illustrate this, we employ longitudinal...... data from Telenor, a leading multinational mobile telecom company. Telenor perceives digitalization as a critical threat that in turn is causing a radical rethink about the viability of its decentralized, locally responsive value chain and business model. Our data provides insights into business models...

  4. Seeking Alternatives in a Global Crisis

    Federico Mayor

    2013-10-01

    Full Text Available Replacing the United Nations system and large international institutions with plutocratic groups (G-7, G-8, G-20 and universal principles with the laws of the market has led to multiple crises that require immediate reaction to prevent them from becoming irreversible.Neoliberalism has placed military, energy, economic and media power in the hands of a very few (the “great domain”. The markets – for the most part undeservedly “rescued” – are now harassing political leaders, making democracies progressively more vulnerable and even appointing governments without elections (including in Greece, the cradle!.For the first time in history we have the means for mobilizing people and involving citizens in local and global government, which enables us to affirm that we are living in fascinating times in which radical changes are now feasible.The possible solutions – that may render many of today’s impossibilities as realities of tomorrow – must inevitably be based on equal dignity for all human beings and on social justice. Placing ethical and democratic values at the forefront of public and private activities so that social justice rather than the markets manages the economy at all levels will enable us in a few years to rectify our present misguided direction and get back on course.The “refounding” of the United Nations is one of the most important and urgent means of rectifying the present trends, to endow humanity with the required guidance, coordination and justice systems.The reforms at the UN for global governance and actions to be urgently undertaken are presented. Access to food, water, health services, education and environment care is essential for the historical transition from a culture of imposition and violence to a culture of conciliation and peace. From force to word.

  5. Protecting Pakistan's health during the global economic crisis.

    Jooma, R; Khan, A; Khan, A A

    2012-03-01

    The world is facing an unprecedented global economic crisis, with many countries needing to reconsider their level of health care spending. This paper explores the many consequences of the global economic turndown on Pakistan's health, including reduced government and donor spending and increased poverty with the consequent diversion of funds away from health. Nevertheless, these challenges may provide opportunities not only to mitigate the adverse effects of the economic crisis but also to institute some much-needed reforms that may not receive political support during more affluent times. Our suggestions focus on setting priorities based on the national disease burden, prioritizing prevention interventions, demanding results, curbing corruption, experimenting with innovative funding mechanisms, advocating for increased funding by presenting health spending as an investment rather than an expense and by selected recourse to civil society interventions and philanthropy to bridge the gap between available and needed resources.

  6. Occupy Wall Street, the Global Crisis, and Antisystemic Movements

    Thomas Reifer

    2015-08-01

    Full Text Available The ancient discussion about the purposes of wealth and the conflict between oligarchy- rule of the rich - and democracy- the rule of the demos/the people comes to the fore once again within the current systemic crisis, from the Arab Spring to the Occupy protests, to the Arab Fall. Even as counterrevolution and growing regional and global turbulence - political, economic and military - appear to be triumphing over the new wave of democratic revolutions and rebellions, at least in the Arab world, with the threat of regional and global conflagration all too real, the underlying structural causes reality of a militarized capitalist world-system in deep crisis will ensure continued waves of antisystemic protests for years to come.

  7. Foreign exchange risk in terms of global financial crisis

    Michał Buszko

    2009-12-01

    Full Text Available Fx risk is one of the most important types of risk of financial activity. In practice, this risk comprises several risk aspects related to currencies exchanging, however most often it is identified with unexpected changes of their prices. In terms of the global financial crisis of 2007–2009, the fx risk has raised significantly, revealing a high daily volatility, increased spreads and the reversal of long-term exchange rate trends. Such increased risk especially influenced emerging markets economies, including Poland. Its consequence was quick strengthening of Polish currency at the beginning of the global crisis followed by a very sudden fall of its value. This event led to a substantial increase of banking risk, investment funds and corporate operations. It changed the structure of GDP sources as well as generated huge losses for exporting companies, using currency options hedging strategies.

  8. Strategic Decision Making in Times of Global Financial Crisis

    Gawlik, Remigiusz

    2009-01-01

    The presented paper is a brief presentation of findings based on research lead on a group of small and medium businesses. The study has been made in conditions of global financial crisis and its effects, such as fall of production volumes in numerous companies. A number of indexes describing the actual economic situation and short – term prospects of discussed businesses has been presented to their medium- and high level executives in order to point out those most useful when taking strategic...

  9. Global Crisis and Country's Competitiveness: Lessons from Indonesia and Malaysia

    Anton Setyawan

    2011-01-01

    This study examines the impact of 2009 global financial crisis to Indonesia and Malaysia. The framework of this study is Porter Diamond Model of Competitiveness. By using fixed effect panel data regression analysis this study analyze the four dimension of Porter model. In this study, they are four model regressions as a proxy of factor condition, demand condition, related and supporting industries model and Firm strategy, structure, and rivalry model. This study uses data from Asian Developme...

  10. GLOBAL CRISIS: SEARCHING THE ORIGINS BY BUSINESS ECONOMICS

    POLLIFRONI Massimo

    2012-01-01

    Aim and topic of the paper is to research the causes of the current global crisis, which manifests itself in financial terms, but whose origin is due to the ethical model of reference: the question is evident both in macroeconomics and in Business Economics. Just from this last point of view, the article will attempt to highlight what should be the correct drivers of ethical management for companies oriented towards an internationalization of their business.

  11. Global Climate Change as Environmental Megacrisis

    Endter-Wada, Joanna; Ingram, Helen

    2012-01-01

    The authors analyze global climate change utilizing insights from the governance and crisis management literatures that seek to understand the prospects, nature, characteristics and the effects of cataclysmic events. They argue that global climate change is a mega-crisis hiding in plain sight yet there has been no proportionate mega-crisis response. People are still grappling with how to make sense of climate change, how to bridge multiple ways of knowing it, and how to negotiate collective c...

  12. THE INDONESIAN STOCK MARKET PERFORMANCE DURING ASIAN ECONOMIC CRISIS AND GLOBAL FINANCIAL CRISIS

    MARIA PRAPTININGSIH

    2011-04-01

    Full Text Available Volatility in the stock market had strongly affected by the movement of publicly or even inside information. The movements of this information will generate the perspectives and expectations of investors in decision-making. How strong is the level of market efficiency in determining the movement of stock market, especially to achieve stability in the stock market during the economic crisis? How effective are the policies of central banks in controlling the movement of the stock market? This study aims to measure the factors that influence changes in the movement of stock price in Indonesian stock market in terms of market efficiency hypothesis. This research also aims to investigate the effectiveness of central bank policy in controlling and stabilizing the movement of stocks in Indonesia. The research will focus on the economic crisis in 1997 and the global crisis in 2008 as case studies. Thepaperutilizesthe vector error-correction model, impulse responses and variance decomposition in measuring the contribution of the factors that affect the movement of stock and determine the effectiveness of central bank policy. The findings are beneficialto central banks, governments, companies and investors in strengthening the Indonesian Stock Market particularly in facing the threat of financial crisis.

  13. Global Commodity Chains in Crisis : The Garment Industry in Malaysia

    Vicki Crinis

    2012-01-01

    This paper examines the garment industry in Malaysia from the 1970s to the present. It looks at the strategies employed by manufacturers to cope with both the end of the Multi-fibre Arrangement (MFA) and the effects of the global economic crisis on the industry in Malaysia. The garment industry in Malaysia is situated on the periphery and is almost totally reliant on contracts from the United States (US) and Europe for its survival. Since the global economic recession, contraction in the cons...

  14. Making sense of the global health crisis: policy narratives, conflict, and global health governance.

    Ney, Steven

    2012-04-01

    Health has become a policy issue of global concern. Worried that the unstructured, polycentric, and pluralist nature of global health governance is undermining the ability to serve emergent global public health interests, some commentators are calling for a more systematic institutional response to the "global health crisis." Yet global health is a complex and uncertain policy issue. This article uses narrative analysis to explore how actors deal with these complexities and how uncertainties affect global health governance. By comparing three narratives in terms of their basic assumptions, the way they define problems as well as the solutions they propose, the analysis shows how the unstructured pluralism of global health policy making creates a wide scope of policy conflict over the global health crisis. This wide scope of conflict enables effective policy-oriented learning about global health issues. The article also shows how exclusionary patterns of cooperation and competition are emerging in health policy making at the global level. These patterns threaten effective learning by risking both polarization of the policy debate and unanticipated consequences of health policy. Avoiding these pitfalls, the analysis suggests, means creating global health governance regimes that promote openness and responsiveness in deliberation about the global health crisis.

  15. Is There an Identity Crisis in Environmental Ethics?

    YANG Tongjin

    2017-01-01

    Environmental ethics is both a moral philosophy and an applied ethics.This duality has led some people to feel confused about environmental ethics' identity and to cast doubts on its legitimacy.This paper,by distinguishing and exploding environmental ethics' two patterns of inquiry (the moral philosophy pattern and the applied ethics pattern) and their characteristics,tries to resolve the discipline's identity crisis and to argue for its legitimacy.

  16. The Impact of the Global Economic Crisis on Sport

    Szabó Földesi Gyöngyi

    2014-09-01

    Full Text Available The current economic crisis is the worst one in decades; it is surely the worst one the world has experienced since the Great Depression in the 1930s. Although it has affected countries with different positions in the global village in different ways and to different degrees, it has had worldwide consequences in most sub-systems of societies, including sport. These are hot issues in management and in everyday practice; still, relatively little attention has been paid to them within the social sciences. The objective of this paper is to close this gap by studying how the recent global economic crisis has affected sport. Two spheres of sport have been selected for analysis: mega sport events and grassroots sports. These two fields were chosen because of their social importance and because there is little scientific evidence about how they face and answer the challenges coming from the economic crisis. The topic is discussed from the theoretical perspective of the nexus of economy, politics, society, and culture. The methodological considerations refer to the lack of reliable sources for economic data related to sport. The results indicate that mega sport events have suffered less from the recession: there might be new actors, but the show goes on. The true loser is grassroots sport. Household impoverishment might lead to a decreased willingness of the individual practitioners to pay for sports goods and services and to a decreased contribution of volunteers working in sport. The funding models vary across countries, but generally both public and private funding has been reduced. In conclusion, it is underlined that no fields of sport have been left untouched by the current global economic crisis, but grassroots sports have suffered the most from it.

  17. Global Journal of Environmental Sciences

    Global Journal of Environmental Sciences is aimed at promoting research in all areas of Environmental Sciences including waste management, pollution control, and remediation of hazards. The journal is published twice a year. Visit the Global Journal Series website here: http://www.globaljournalseries.com/ ...

  18. Why Have Labour Markets Reacted to the Global Crisis in Different Ways?

    Kwiatkowski Eugeniusz

    2016-12-01

    Full Text Available This paper aims to identify the effects of the global crisis on employment and unemployment in the EU countries and indicate factors which may explain the differentiated response of labour markets to this crisis.

  19. Nursing workforce policy and the economic crisis: a global overview.

    Buchan, James; O'May, Fiona; Dussault, Gilles

    2013-09-01

    To assess the impact of the global financial crisis on the nursing workforce and identify appropriate policy responses. This article draws from international data sources (Organisation for Economic Co-operation and Development [OECD] and World Health Organization), from national data sources (nursing regulatory authorities), and the literature to provide a context in which to examine trends in labor market and health spending indicators, nurse employment, and nurse migration patterns. A variable impact of the crisis at the country level was shown by different changes in unemployment rates and funding of the health sector. Some evidence was obtained of reductions in nurse staffing in a small number of countries. A significant and variable change in the patterns of nurse migration also was observed. The crisis has had a variable impact; nursing shortages are likely to reappear in some OECD countries. Policy responses will have to take account of the changed economic reality in many countries. This article highlights key trends and issues for the global nursing workforce; it then identifies policy interventions appropriate to the new economic realities in many OECD countries. © 2013 Sigma Theta Tau International.

  20. ENVIRONMENTAL CRISIS AND SUSTAINABLE DEVELOPMENT IN ...

    User

    2017-12-28

    Dec 28, 2017 ... of environmental issues in social work promotes sustainable .... the role those social workers should take in implementing ... urban areas in Zimbabwe to take responsibility for the prevention of environmental disasters.

  1. AUDITORS ETHICS IN THE CONTEXT OF GLOBAL CRISIS

    Dana Simona Dragos

    2010-12-01

    Full Text Available In the context of current global crisis, a series of questions regarding the professional accountants position need to be clarified in order to may understand the way in which the auditors, considered objective and independent due to their ethical and professional conduct, contribute to the confidence increase of those who found their decisions on an accounted financial situations basis. We also ask ourselves to what extent our society can sustain the development of a regulation based ethical behaviour and specific institutions, taking into account the existing pressures in crisis conditions. The increased number of financial scandals lead to a regression of confidence of the accounting information users, regarding the respect of ethical standards by the auditors, and there are real reasons of concern because of the increase of the non-ethical behaviours number of cases.

  2. The Indonesian Economy amidst the Global Crisis : Good Policy and Good Luck

    Basri, Muhammad Chatib; Rahardja, Sjamsu

    2010-01-01

    The global economic crisis has caused economic collapse in many countries. Indonesia is obviously affected by this crisis, its export growth declined significantly. Nevertheless, the impact of the crisis on the Indonesian economy is relatively limited compared to other countries in the region, including Singapore, Malaysia, and Thailand. This situation leads into a question of why the impact of the global crisis on the Indonesian economy is relatively limited so far. Is it because of the stru...

  3. Global environmental engineering

    Cicerone, RJ; Elliott, S; Turco, RP

    1992-01-01

    All the signs are that global ozone depletion is increasing. Ideas to mitigate the problem that at first glance may seem far-fetched deserve more serious consideration and a scientific process of evaluation. © 1992 Nature Publishing Group.

  4. Globalism and Corporate Identity in the Post-crisis Economy

    Diana Andreia HRISTACHE

    2012-02-01

    Full Text Available The globalism of the post-crisis economy accentuates more and more the present risk and uncertainty condition. The normal corporate reactions in this situation can only arise starting from an “exploration” and understanding of the turbulence and chaos that manifest themselves increasingly clearly nowadays. The shift of the business environment towards what we could designate by the syntagm “the new normality” cannot marginalize the “communicational paradigm”. The latter is called to support the corporate identity and to assure the necessary framework for the construction of certain business scenarios and strategies meant to make the most of the capabilities of the modern organization.

  5. A Comparison of Global Financial Market Recovery after the 2008 Global Financial Crisis

    Foo Jennifer

    2017-06-01

    Full Text Available The Financial Crisis of 2007-2009 plunged countries into a Great Recession and focused the world’s attention on the global stock markets. The global contagion has a major impact on global stock markets, with the U.S. DJIA falling to 6,547.05 on March 9, 2009 from a high of 14,164.53 on October 9, 2007, with a loss of more than 54%. Other stock markets also had a precipitous drop during the financial crisis. However, some equity markets have recovered while others have not. This paper looks at how global markets compared in their recovery. This paper also investigates the advanced countries’ recovery relative to the emerging and developing countries in the aftermath of the financial crisis and their ability to climb back to the pre-financial crisis levels. Analysis is provided for 31 stock indexes from January 2005 to March 2013. In 2013 the majority of analysed stock markets recovered from the crises regardless of if they belong to the group of developed or emerging markets.

  6. MONETARY POLICY ADJUSTMENT AT THE GLOBAL FINANCIAL CRISIS CONSTRAINTS

    Adina Criste

    2014-12-01

    Full Text Available The global financial crisis marked a border for central banks, as it raised challenges which constrained them both to extend the range of monetary policy instruments and to redefine their role in the financial system. The present paper aims to identify features of conducting the monetary policy of some central banks, during and after the global financial crisis outbreak. For that purpose, we apply to a comparative analysis between some central banks of European Union (EU, namely Czech National Bank (CNB, National Bank of Hungary (NBH, National Bank of Poland (NBP and National Bank of Romania (NBR. We also assume that the monetary policy could be characterised through both the challenges faced by the central banks and the type of measures adopted, as a reaction to these challenges. Analysis shows that central banks have different levels of burden, according to domestic condition, and also different ”pattern” of monetary policy adjustments, using more or less unconventional or macro-prudential measures. An important conclusion raised from this article refers to the increasing role of these special measures for central banks, which requires defining a new monetary policy framework in the near future.

  7. The future of financial reporting 2009 : a time of global financial crisis.

    Jones, M.; Slack, R.E.

    2009-01-01

    A discussion paper based on the British Accounting Association Financial Accounting and Reporting Special Interest Group (FARSIG) Colloquium, 9 January 2009. The theme of the future of financial reporting at a time of global crisis was very topical. The papers and discussion, well captured in this summary, set out the main thoughts at that point, both on the role of accounting in the crisis and the impact of the crisis on accounting. The factors which provoked a crisis on that scale and t...

  8. Tackling the global NCD crisis: innovations in law and governance.

    Thomas, Bryan; Gostin, Lawrence O

    2013-01-01

    35 million people die annually of non-communicable diseases (NCDs), 80% of them in low- and middle-income countries - representing a marked epidemiological transition from infectious to chronic diseases and from richer to poorer countries. The total number of NCDs is projected to rise by 17% over the coming decade, absent significant interventions. The NCD epidemic poses unique governance challenges: the causes are multifactorial, the affected populations diffuse, and effective responses require sustained multi-sectorial cooperation. The authors propose a range of regulatory options available at the domestic level, including stricter food labeling laws, regulation of food advertisements, tax incentives for healthy lifestyle choices, changes to the built environment, and direct regulation of food and drink producers. Given the realities of globalization, such interventions require global cooperation. In 2011, the UN General Assembly held a High-level meeting on NCDs, setting a global target of a 25% reduction in premature mortality from NCDs by 2025. Yet concrete plans and resource commitments for reaching this goal are not yet in the offing, and the window is rapidly closing for achieving these targets through prevention - as opposed to treatment, which is more costly. Innovative global governance for health is urgently needed to engage private industry and civil society in the global response to the NCD crisis. © 2013 American Society of Law, Medicine & Ethics, Inc.

  9. Chinese CO2 emission flows have reversed since the global financial crisis.

    Mi, Zhifu; Meng, Jing; Guan, Dabo; Shan, Yuli; Song, Malin; Wei, Yi-Ming; Liu, Zhu; Hubacek, Klaus

    2017-11-23

    This study seeks to estimate the carbon implications of recent changes in China's economic development patterns and role in global trade in the post-financial-crisis era. We utilised the latest socioeconomic datasets to compile China's 2012 multiregional input-output (MRIO) table. Environmentally extended input-output analysis and structural decomposition analysis (SDA) were applied to investigate the driving forces behind changes in CO 2 emissions embodied in China's domestic and foreign trade from 2007 to 2012. Here we show that emission flow patterns have changed greatly in both domestic and foreign trade since the financial crisis. Some economically less developed regions, such as Southwest China, have shifted from being a net emission exporter to being a net emission importer. In terms of foreign trade, emissions embodied in China's exports declined from 2007 to 2012 mainly due to changes in production structure and efficiency gains, while developing countries became the major destination of China's export emissions.

  10. Global environmental concerns

    Siddiqi, T.A.

    1990-01-01

    Increased concern about global climate change is leading to an examination of options for reducing the emissions of gases believed to be the principal contributors to the Greenhouse Effect. Carbon dioxide is believed to be the largest contributor to such an effect, and the use of fossil fuels is the largest source of carbon dioxide emissions. geothermal energy is likely to receive increased attention in the years ahead as a way to reduce emissions of CO 2 . Several countries in Asia and the Pacific already have active geothermal programs. The Philippines have the second-largest installed geothermal capacity in the world. Japan and New Zealand have used geothermal energy for several decades. The present and future contributions of geothermal energy to the overall energy supply and reductions in carbon dioxide emissions in Asia and the Pacific are discussed in this paper

  11. Venezuela ante la crisis económica global

    Esmeralda Villegas

    2012-01-01

    Full Text Available La crisis que estalló en agosto de 2007 en Estados Unidos se gestó en el mercado de los préstamos hipotecarios de alto riesgo de ese país, sin embargo, se transformó en una crisis económica global, ya que por efecto contagio se trasladó a la eurozona y a Japón con un fuerte impacto en el crecimiento de las economías emergentes. El objetivo de la presente investigación consiste en analizar los canales de transmisión de esa crisis a la economía venezolana. El estudio es de tipo descriptivo-documental recurriendo a fuentes de información secundarias. Se concluye que en el caso venezolano, desde el canal real, la disminución del precio del petróleo tiene una doble incidencia: por una parte deteriora la cuenta corriente de la balanza de pagos y, por otra, la posición fiscal. Desde el canal financiero, las consecuencias se evidencian en la evolución negativa que toma la percepción de riesgo soberano y con una caída en el saldo neto de la inversión en activos fijos proveniente del resto del mundo. El agotamiento del modelo rentístico y la desaceleración del sector privado, combinado con una espiral inflacionaria, se convierten en la verdadera fuente de vulnerabilidad externa en la economía venezolana

  12. Human resources for health: global crisis and international cooperation.

    Portela, Gustavo Zoio; Fehn, Amanda Cavada; Ungerer, Regina Lucia Sarmento; Poz, Mario Roberto Dal

    2017-07-01

    From the 1990s onwards, national economies became connected and globalized. Changes in the demographic and epidemiological profile of the population highlighted the need for further discussions and strategies on Human Resources for Health (HRH). The health workforce crisis is a worldwide phenomenon. It includes: difficulties in attracting and retaining health professionals to work in rural and remote areas, poor distribution and high turnover of health staff particularly physicians, poor training of health workforces in new sanitation and demographic conditions and the production of scientific evidence to support HRH decision making, policy management, programs and interventions. In this scenario, technical cooperation activities may contribute to the development of the countries involved, strengthening relationships and expanding exchanges as well as contributing to the production, dissemination and use of technical scientific knowledge and evidence and the training of workers and institutional strengthening. This article aims to explore this context highlighting the participation of Brazil in the international cooperation arena on HRH and emphasizing the role of the World Health Organization in confronting this crisis that limits the ability of countries and their health systems to improve the health and lives of their populations.

  13. Local Crisis of Global Brand And Monitoring of Use of Social Media

    Alexandre Borba Salvador

    2015-12-01

    Full Text Available In a context of globalization of products and brands, changes in control of information generation and increased visibility of brand crises, becomes more relevant for marketing managers to assess the possibility of the negative effects of a local crisis of a global brand spillover to different markets. This article has as its aim to investigate the visibility of a local crisis of a global brand in other markets. The method used was contend analyses applied to a database of Twitter posts. The result of the study suggests the confirmation of the existence global repercussion in other markets of a local crisis of a global brand. 

  14. Australian baby boomers talk about the global financial crisis.

    Humpel, Nancy; O'Loughlin, Kate; Snoke, Martin; Kendig, Hal

    2010-09-01

    The aim of this qualitative study was to explore baby boomers' views and plans in the early days of the global financial crisis (GFC) in 2008. Informants from National Seniors Australia were interviewed in 15 focus groups conducted nationally. Transcripts were analysed by themes from semi-structured questions. The GFC was found to shake the confidence and plans of boomers. Many workers decided to delay retirement and save longer following losses in superannuation. Those retired on market-linked superannuation felt forced to reduce expenses and restrain lifestyles. Those on full pensions were relatively unaffected. The GFC called into question boomers' expectations for retirement. While financial markets are showing signs of recovery, the GFC had precipitated a decision to work longer and to draw conservatively on retirement savings that may take many years to recover. The volatility of financial and employment markets underscores the value of the Age pension.

  15. THE ROMANIAN CONSUMER UNDER THE INFLUENCE OF THE GLOBAL CRISIS

    SAVU MIHAELA

    2015-03-01

    Full Text Available At present, consumers focus on meeting their higher needs, as opposed to previously meeting the base ones. However this trend is not among priorities for the Romanian consumer. He/she uses almost 43% of the total consumption expenditures for the purchase of food, being restricted in his/her choices by the income and the price of products. The food products analysed in the period 2001 – 2012 have an upward trend, but with no substantial differences. The only product category that has a downward trend is represented by wine and wine products. Consumption in Romania was negatively influenced by the effects of the global crisis for the products analysed, except for meat and meat products. Despite the fact that we are far from the average annual meat consumption, however, the highest quantity recorded in our country was in 2009.

  16. The Impact of the Global Financial Crisis on Japan's Higher Education

    Huang, Futao

    2011-01-01

    This paper deals with the impact of the global financial crisis on Japan's economy, especially on its higher education. The first section provides an overview of Japan's national economy with a focus on the impact of the global financial crisis on the national economy, then the author touches on the impact on the Japanese government's finances,…

  17. African Exporting Firms in the Turmoil of the Global Financial Crisis ...

    This paper adopts a different approach by examining the impact of the recent global financial crisis on exporting firms in the manufacturing and services sectors in low income countries of the African continent. The paper investigates the impact of the global financial crisis on three Sub Saharan African economies namely ...

  18. [Trends in environmental risks in the context of the economic crisis. SESPAS report 2014].

    Ballester, Ferran; Llop, Sabrina; Querol, Xavier; Esplugues, Ana

    2014-06-01

    This article aims to analyze the impact of the economic and financial crisis on environmental determinants of health. The World Health Organization estimates that between 13% and 27% of the disease burden in countries could be prevented by improving the environment. These effects are larger in vulnerable populations, especially among the poorest. In the last decade, outdoor air pollution (the most significant environmental health risk in most European countries) has declined, mostly due to the European policy of reducing emissions and to the decrease in activity following the economic crisis. During the last few years, this improvement in air quality has occurred simultaneously with a reduction in investment in environmental protection and could therefore be offset in the medium-term. The economic crisis has not reduced the trend for higher temperatures in Spain and Europe because climate change is a global phenomenon that is not directly related to local emissions. To reduce the risk of an increase in the health impact of environmental factors, certain key aspects should be considered, such as the need to maintain or develop adequate monitoring and control systems and the opportunity to implement policies that help improve the quality of the environment and reduce the vulnerability of different population groups in a cross-disciplinary framework of transparency and citizen participation. Copyright © 2014 SESPAS. Published by Elsevier Espana. All rights reserved.

  19. Crisis, globality, and migration: Perspectives from the new times / Crisis, globalidad y migraciones: perspectivas de los nuevos tiempos

    Vicente José Benito Gil

    2012-10-01

    Full Text Available The current global crisis and what this represents for the phenomenon of migration is the main object of analysis of this article. Through the principle topics that make up the title -crisis, globality, and migration- as well as the sub-themes -social integration, interculturalism, and the media- the author looks at the elements, causes, and circumstances that have shaped the current crisis, in terms of both economics and values, including the influence these, as the most important factors in human mobility of our time, have on the phenomenon of migration. All of this is considered from an analytical and reflective perspective, replete with varied proposals and criticisms. There is a common thread in the final outlook of the topics covered, which is the change that has occurred in the world with regard to human mobility, as well as in political and social behavior, all of which is a product of the new global order.

  20. Competition, the Global Crisis, and Alternatives to Neoliberal Capitalism

    Wigger, Angela; Buch-Hansen, Hubert

    2013-01-01

    regulation and other regulatory provisions, excessive competition (over-competition) in the process of capital accumulation has become a major global force with highly detrimental social and environmental downsides. From the vantage point of a historical materialist perspective, the article provides...

  1. Latin American alternatives to Environmental Crisis gestated Beyond Capitalism

    Jeaneth Nunes Stefaniak

    2016-06-01

    Full Text Available This study aims to analyze some proposals contained in the laws Latin American for the treatment of nature and which opposes the capitalist mode of production, currently hegemonic, which have a destructive logic of reproduction, incessant expansion produced serious environmental crisis in which the planet is immersed. The constitution of Ecuador and the Law of Mother Earth in Bolivia, constitute revolutionary experiences in seeking a new format for sustainability, considering the environmental complexity, treats the earth as a living being and fundamental to the maintenance of the human existence, recreating the ethics of responsibility in the relationship with the environment. The nature so conceived has rights that must be protected on the basis of in dubio pro environment, placing environmental concerns at a higher hierarchical level, besides creating several mechanisms to ensure that alternative mode of living, there called good life, which distinguished contemporary societies live better on capitalist liberal guidance.

  2. Effects of global financial crisis on network structure in a local stock market

    Nobi, Ashadun; Maeng, Seong Eun; Ha, Gyeong Gyun; Lee, Jae Woo

    2014-08-01

    This study considers the effects of the 2008 global financial crisis on threshold networks of a local Korean financial market around the time of the crisis. Prices of individual stocks belonging to KOSPI 200 (Korea Composite Stock Price Index 200) are considered for three time periods, namely before, during, and after the crisis. Threshold networks are constructed from fully connected cross-correlation networks, and thresholds of cross-correlation coefficients are assigned to obtain threshold networks. At the high threshold, only one large cluster consisting of firms in the financial sector, heavy industry, and construction is observed during the crisis. However, before and after the crisis, there are several fragmented clusters belonging to various sectors. The power law of the degree distribution in threshold networks is observed within the limited range of thresholds. Threshold networks are fatter during the crisis than before or after the crisis. The clustering coefficient of the threshold network follows the power law in the scaling range.

  3. Considerations on the Impact of the Global Financial Crisis on Economies from Eastern Europe

    Lucian Belașcu

    2016-01-01

    Full Text Available The paper investigates the causes and consequences of the 2007-2008 global financial crisis on five Eastern European countries, namely the Czech Republic, Hungary, Poland, Romania and Russia, with the purpose of identifying the common points and the differences between these economies in terms of crisis impact, with an accent on their capital markets. Our findings indicate that although the countries under scrutiny have displayed somehow different paths of economic development before the crisis, they were affected, to a higher or smaller extent, by the financial crisis. Also, the crisis was felt in these countries, at least in terms of impact on capital markets, with different lags: in some of these countries the crisis hit at beginning of 2008, while in others signs of the crisis were visible only towards the end of 2008.

  4. Leading the Way to the Third Industrial Revolution. Addressing the Triple Threat of the Global Financial Crisis, Energy Crisis, and Climate Change

    Rifkin, J.; Da Graca Carvalho, M.; Consoli, A.; Bonifacio, M.

    2008-01-01

    We are at a precarious point in history. We are facing the real prospect of an economic meltdown on the scale of the Great Depression. The credit crisis is compounded by the global energy crisis and the climate change crisis, creating a potential cataclysm for civilization. There is a way out: we need to radically overhaul the way we use energy in our society

  5. Leading the Way to the Third Industrial Revolution. Addressing the Triple Threat of the Global Financial Crisis, Energy Crisis, and Climate Change

    Rifkin, J.; Da Graca Carvalho, M.; Consoli, A.; Bonifacio, M.

    2008-12-15

    We are at a precarious point in history. We are facing the real prospect of an economic meltdown on the scale of the Great Depression. The credit crisis is compounded by the global energy crisis and the climate change crisis, creating a potential cataclysm for civilization. There is a way out: we need to radically overhaul the way we use energy in our society.

  6. THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON CHINA’S TOURISM

    MELINDA PLESCAN; MARIUS GAVRILETEA

    2009-01-01

    Statistics from the China National Tourism Administration show that China's inbound tourism declined overall in January this year due to the global financial crisis. It is understood that affected by the global economic depression, China's inbound, outbound and domestic travel markets are all in a weak state this year. China’s tourism industry experienced a hard time in 2008 due to natural disasters and the global financial crisis. Looking ahead, the structural adjustment will probably show u...

  7. Unemployment levels after the global financial crisis linked to increase in suicides.

    2013-10-23

    The 2008 global economic crisis appears to have triggered an increase in suicides, particularly among men in Europe and America. To investigate the impact of the economic crisis on international trends in suicide, researchers conducted an analysis comparing the number of suicides in 2009 with the number that would have been expected based on trends before the crisis (2000-2007). The analysis included data from 54 countries.

  8. Global Economy under the Current Economic Crisis Effects

    Voicu Ioana-Iulica; Talmaciu Iuliana

    2010-01-01

    In the current context in which countries in the world search new solutions and strategies to counteract the negative effects generated by the worst economic crisis in the last 80 years, the globalisation rises polemics and controversies regarding the causes that lead to the expansion of the crisis. May it be, the current economic crisis, a consequence of the globalisation? Beyond the contradictory answers, the globalisation must be seen in essence as a stimulating and expansion factor of the...

  9. EFFECTS OF THE GLOBAL FINANCIAL CRISIS IN THE BANKING SYSTEM OF KOSOVO

    Myrvete Badivuku-Pantina

    2012-09-01

    Full Text Available Financial crises are phenomena that happened before and continue to happen even nowadays. There were many financial crises in the last century, starting with the Great Depression of 1929 and continuing with other financial crisis, and it was believed that people would learn from their previous experiences and would not allow the crisis to happen again. But the financial crisis of 2007, created the impression that no one wanted to learn for the real causes of their occurrence and consequences, often disastrous for countries and the globe, and as such allowed the crisis to be repeated. Effects of the 2007 financial crisis, which originally started in the USA’s mortgage market and which was quickly spread all over the world, even to this date it still continues to have effect on real economies of many states, e.g. Greece. The spread of the crisis was primarily due to globalization and commercial trades among countries. Because of the dependence of economies on one another it was created the domino effect and all the countries were affected from the crisis. As a result, the crisis seems to have revealed the disadvantages of globalization. Finances of the world were shocked and rapid fluctuations were reflected in the stock prices. Kosovo, as a new and small country in the Western Balkans is not much globalized and open which was beneficial in preventing it from being affected from the global financial crisis. Its economy has slightly felt the effect of the crisis because the banking system in Kosovo is not much open to the international financial markets as they operate mostly with their clients’ deposits. The purpose of this research is to assess the implications of the global financial crisis in the banking system of Kosovo, and also to identify the measures that the Central Bank and the Government should undertake in order to protect the economy from external implications.

  10. Global financial crisis and surgical practice: the Greek paradigm.

    Karidis, Nikolaos P; Dimitroulis, Dimitrios; Kouraklis, Gregory

    2011-11-01

    Apart from the significant implications of recent financial crisis in overall health indices and mortality rates, the direct effect of health resources redistribution in everyday clinical practice is barely recognized. In the case of Greece, health sector reform and health spending cuts have already had a major impact on costly interventions, particularly in surgical practice. An increase in utilization of public health resources, lack of basic and advanced surgical supplies, salary deductions, and emerging issues in patient management have contributed to serious dysfunction of a public health system unable to sustain current needs. In this context, significant implications arise for the surgeons and patients as proper perioperative management is directly affected by reduced public health funding. The surgical community has expressed concerns about the quality of surgical care and the future of surgical progress in the era of the European Union. Greek surgeons are expected to support reform while maintaining a high level of surgical care to the public. The challenge of cost control in surgical practice provides, nevertheless, an excellent opportunity to reconsider health economics while innovation through a more traditional approach to the surgical patient should not be precluded. A Greek case study on the extent of the current situation is presented with reference to health policy reform, serving as an alarming paradigm for the global community under the pressure of a profound financial recession.

  11. The global financial crisis and Australian general practice.

    McRae, Ian S; Paolucci, Francesco

    2011-02-01

    To explore the potential effects of the global financial crisis (GFC) on the market for general practitioner (GP) services in Australia. We estimate the impact of changes in unemployment rates on demand for GP services and the impact of lost asset values on GP retirement plans and work patterns. Combining these supply and demand effects, we estimate the potential effect of the GFC on the market for GP services under various scenarios. If deferral of retirement increases GP availability by 2%, and historic trends to reduce GP working hours are halved, at the current level of ~5.2% unemployment average fees would decline by $0.23 per GP consultation and volumes of GP services would rise by 2.53% with almost no change in average GP gross earnings over what would otherwise have occurred. With 8.5% unemployment, as initially predicted by Treasury, GP fees would increase by $0.91 and GP income by nearly 3%. The GFC is likely to increase activity in the GP market and potentially to reduce fee levels relative to the pre-GFC trends. Net effects on average GP incomes are likely to be small at current unemployment levels.

  12. GLOBAL ECONOMIC CRISIS: A VIEW FROM SOUTH AFRICA

    Patrick Bond

    2015-08-01

    Full Text Available Any analysis of the erratic unfolding of global economic crisis is bound to be hotly contested. This is particularly so in mid-1999, amid claims from Washington that the past two years' dangers of financial meltdown and deflation were averted and finally extinguished through a combination of policy measures and good fortune: slightly looser Federal Reserve monetary policy adopted in September 1998, in the immediate wake of the successful public-private bailout of the Long Term Capital Management hedge fund; a new $90 billion International Monetary Fund (IMF insurance scheme announced the following month; the convening of key countries in a Forum on Financial Stability; the lack of financial contagion (contrary to expectations in the wake of Brazil's January 1999 currency meltdown; the long-awaited revival (however infirm of the Japanese economy; new plans for somewhat more transparent budgetary and exchange rate systems in emerging markets; and a decision at the G-8 Cologne meeting in June 1999 to sell 10% of the IMF's gold to fund partial debt relief for the poorest Third World countries. Indeed many observers were surprised at IMF Managing Director Michel Camdessus's success at turning the debt relief strategy into a vehicle for tougher "Enhanced Structural Adjustment Facility" conditions, just months after the IMF was criticised to the point of ridicule for its East Asian, Russian and Brazilian mishaps (effectively, granting $200 billion in bad loans over 15 months, in exchange for the application of inappropriate austerity measures.

  13. Collective pensions and the global financial crisis : The case of the Netherlands

    Bovenberg, A.L.; Nijman, T.E.; Maurer, R.; Mitchell, O.S.; Warshawsky, M.J.

    2012-01-01

    The global financial crisis triggered a major redesign of the collective pension system in the Netherlands. The current Dutch system can be characterized as a defined benefit system with nominal guarantees, which are increased in line with inflation if investment returns are satisfactory. The crisis

  14. Building Responsive and Responsible Financial Regulators in the Aftermath of the Global Financial Crisis

    Iglesias Rodriguez, P.

    2015-01-01

    The global financial crisis that started in 2007 sparked several academic debates about the role that financial sector regulators played in the crisis and prompted policy reforms in the financial supervision architectures of several countries. This book focuses on the question of what

  15. [Medical and environmental aspects of the drinking water supply crisis].

    Él'piner, L I

    2013-01-01

    Modern data determining drinking water supply crisis in Russia have been considered. The probability of influence of drinking water quality used by population on current negative demographic indices was shown. The necessity of taking into account interests of public health care in the process of formation of water management decisions was grounded. To achieve this goal the application of medical ecological interdisciplinary approach was proposed Its use is mostly effective in construction of goal-directed medical ecological sections for territorial schemes of the rational use and protection of water resources. Stages of the elaboration of these sections, providing the basing of evaluation and prognostic medical and environmental constructions on similar engineering studies of related disciplinary areas (hydrological, hydrogeological, hydrobiological, hydrochemical, environmental, socio-economic, technical and technological) were determined.

  16. Beyond Keynesianism : global infrastructure investments in times of crisis

    Lin, Justin Yifu; Doemeland, Doerte

    2012-01-01

    As the world recovers only slowly from the 2008 financial crisis and Europe is facing a looming debt crisis, concerns have increased that the "new normal" -- a period of high unemployment, low returns on investment, high risks, and low growth -- may become protracted in advanced economies. If growth remains weak, unemployment rates and debt levels will be slow to recede. Consequently, the ...

  17. WHAT FIRMS ARE REWARDED AFTER GLOBAL FINANCIAL CRISIS? THE ROLE OF INNOVATION AND GLOBALIZATION STRATEGIES IN RECOVERY

    Victoria Golikova

    2016-03-01

    Full Text Available The aim of the research is to conduct an empirical investigation and reveal what types of globalization and innovation strategies in turbulent and unfavorable regional institutional environment are most likely to be associated with different trajectories of Russian manufacturing firms’ performance in 2007- 2012. We employ the results of empirical survey of 1000 medium and large enterprises in manufacturing (2009 linked to financial data from Amadeus database and the data on the regional institutional environment. We test that (1 introduction of innovations before the crisis ceteris paribus helped the firms to successfully pass the crisis and recover. We expect that (2 companies that became globalized before the crisis (via importing of intermediate and capital goods; exporting; FDI; establishment of partner linkages with foreign firms ceteris paribus are more likely to successfully pass the crisis and grow. And (3 propose the positive effect of synergy of innovation efforts and globalization strategy of the firm. We expect that the abovementioned factors are complimentary and reinforce the ability of the firm to recover after crisis shock. We found strong support for the hypothesis that firms financing introduction of new products before the crisis and simultaneously managed to promote and sell them on the global market were rewarded by quick return to the growing path after global crisis. Other strategies, i.e. solely innovations without exporting play insignificant role while exporting without attempts to introduce new products contribute even negatively to post-crisis recover. Institutional environment also matters: in the regions with less level of corruption firms were more likely to grow after the crisis.

  18. Global Financial Crisis and the City: Narrative, myth and the urban imaginary

    Meißner, M.M.

    2015-01-01

    This dissertation examines how urban imaginaries in international film, literature and photography feature as framings in Global Financial Crisis discourses. Drawing on methods and concepts from media and communication studies, cultural analysis, anthropology, and philosophy, it shows how such

  19. The influence of the environmental management system on the environmental impact of seaport companies during an economic crisis: Lithuanian case study.

    Anne, Olga; Burskyte, Vilma; Stasiskiene, Zaneta; Balciunas, Arunas

    2015-01-01

    Freight handling in EU ports fell by more than 12 % during the global economic crisis in 2008-2009 after almost a decade of continuous growth. The decrease of freight handling in the Klaipeda seaport, the only port in Lithuania, was 6.7 % and happened due to the dominant outward movement of goods (mainly oil products). The Klaipeda seaport, due to its peculiarity, is the only ice-free port in the northern part of Baltic Sea. The present study explores the environmental impact of Klaipeda seaport activities from 2001 to 2011. Moreover, it compares the environmental effectiveness of environmental protection strategies used in the four biggest companies that, in fact, cover about 88 % of total activities (except general cargo) of the seaport. The first group of targeted companies used an environmental protection strategy to implement an ISO 14001-based environmental management system, and the second group selected to follow environmental management practices without certification. The paper analyses the development of the companies' activities in regard to the change of environmental effectiveness. The paper evaluates the pressure of the economic crisis on the companies' activities and its influence on environmental decisions, with particular interest in the ability of different environmental protection systems to resist and handle the expected performance. The study identified a significant decrease in companies' activities during the crisis period. However, the economic activities and environmental effectiveness demonstrated similar short-term tendencies in regard to the environmental strategy selection but differed in long-term perspective.

  20. Crisis Communication of Nuclear Regulatory Organisations: Towards global thinking

    Martell, Meritxell; Menendez, Susan; Calvo, Marina

    2013-01-01

    The OECD Nuclear Energy Agency (NEA) Committee on Nuclear Regulatory Activities (CNRA) Working Group on Public Communication of Nuclear Regulatory Organisations (WGPC) organised the workshop 'Crisis communication: facing the challenges' on 9-10 May 2012 in Madrid to address the international dimension of the communicative responses to crises by assessing the experience of Nuclear Regulatory Organisations of the NEA member countries and their stakeholders. The CNRA/WGPC also prepared in 2011, before the Fukushima-Daiichi nuclear accident occurred, a Road Map for Crisis Communication of Nuclear Regulatory Organisations which focused only on national aspects. This 'road map' had not considered the international dimension. CNRA mandated the WGPC to expand the Road Map so as to conclude the follow-up activity on crisis communication. The objective of the present document is to firstly, identify the key messages which can be extracted from three surveys carried out among the WGPC members after Fukushima-Daiichi's accident (Appendices II, III and IV), and incorporate them into the Road Map for Crisis Communication. Secondly, the good practices on public communication of NROs, which were presented during the OECD/NEA Workshop on Crisis Communication: Facing the Challenges, are reported. Following the structure of the road map for public communication responses during crisis included in the NEA report entitled 'Road Map for Crisis Communication of Nuclear Regulatory Organisations - National aspects', the good practices on communication before, during and after a crisis are provided. Overall, the emphasis of this report is on the international aspects of crisis communication, rather than the national dimension. (authors)

  1. GLOBAL FINANCIAL CRISIS n#8211; AN ACCOUNTING LITERATURE REVIEW AND OVERVIEW

    Toman Cristina

    2012-07-01

    Full Text Available Reflecting the magnitude of n#8220;financial crisisn#8221; in 2008, some academics started examining causal relationships between accounting and the crisis. The purpose of this article is to review the current state of academic research articles related to the global financial crisis that are published in ScienceDirect, Springerlink, Emerald and SSRN databases, in order to identify the trends and researchersn#8217; contributions and to analyze the interplay between the global financial crisis and the accounting. Although there are lots of articles about the current financial crisis, the number of academic articles that examine the relationship between accounting and the crisis are still few, but the research questions are increasing, more and more researchers becoming interested in this topic.

  2. Effects of Global Economic Crisis on Travel Agencies and Crisis Management Practices in Turkey

    AVCI, Nilgün; KÜÇÜKUSTA, Deniz

    2014-01-01

    AbstractCrisis management has become a requirement for businesses particularly in tourism industry. In spite of the limited studies carried out in this field in Turkey, the survey of the subject has significance in practices undergone by travel agencies, which are the backbones of the tourism industry. In this context we aim to analyze the measures and practices adopted by travel agencies during periods of crisis; determine the frequency of utilization of these measures and practices during p...

  3. Effects of Global Economic Crisis on Travel Agencies and Crisis Management Practices in Turkey

    AVCI, Nilgün; KÜÇÜKUSTA, Deniz

    2015-01-01

    AbstractCrisis management has become a requirement for businesses particularly in tourism industry. In spite of the limited studies carried out in this field in Turkey, the survey of the subject has significance in practices undergone by travel agencies, which are the backbones of the tourism industry. In this context we aim to analyze the measures and practices adopted by travel agencies during periods of crisis; determine the frequency of utilization of these measures and practices during p...

  4. Building resilience to face recurring environmental crisis in African Sahel

    Boyd, Emily; Cornforth, Rosalind J.; Lamb, Peter J.; Tarhule, Aondover; Lélé, M. Issa; Brouder, Alan

    2013-07-01

    The present food shortages in the Horn of Africa and the West African Sahel are affecting 31 million people. Such continuing and future crises require that people in the region adapt to an increasing and potentially irreversible global sustainability challenge. Given this situation and that short-term weather and seasonal climate forecasting have limited skill for West Africa, the Rainwatch project illustrates the value of near real-time monitoring and improved communication for the unfavourable 2011 West African monsoon, the resulting severe drought-induced humanitarian impacts continuing into 2012, and their exacerbation by flooding in 2012. Rainwatch is now coupled with a boundary organization (Africa Climate Exchange, AfClix) with the aim of integrating the expertise and actions of relevant institutions, agencies and stakeholders to broker ground-based dialogue to promote resilience in the face of recurring crisis.

  5. TRANSIENT GLOBAL AMNESIA IN A PATIENT WITH HYPERTENSIVE CRISIS

    E. V. Yakovleva

    2018-01-01

    Full Text Available Transient global amnesia was established by Fisher et Adams is 1964 for phenomena characterized by the sudden onset of all types memory loss, retrograde amnesia and the inability to form new  memories and to recall the recent past. The incidence of TGA is 5  to10 people per 100,000 worldwide but the real incidence is unknown because the episodes of memory loss are temporary and many patients don’t go to see a doctor at the time of attack. The triggers of TAG are physical activity, sexual  intercourse, pain, Valsalva maneuver etc. In routine clinical practice  TAG is more important for neurologists. But this problem is also  interesting for therapeutists because TAG could be developed in  patients with arterial hypertension, foramen ovale, mitral valve  prolapse and heart blocks. We present a 57-year-old female with  TAG. She was admitted to the hospital due to hypertensive crisis and an impaired ability to retain new information that started after  physical activity. The diagnosis of TAG was based on information  from attacks witnesses, the sudden onset of anterograde amnesia,  normal cognition of the patient and short duration of attack. Also,  the patient had no features of stroke, acute hypertensive encephalopathy, epilepsy and alcohol blackout. TAG is more typical for females over 50 years, all symptoms start after physical activity and resolve within 24 hours. It is characterized by reversibility of all symptoms and good prognosis of 2 years of follow-up.

  6. Educational Reflections on the "Ecological Crisis": EcoJustice, Environmentalism, and Sustainability

    Mueller, Michael P.

    2009-01-01

    There is a tendency by scholars arguing for a more just and sustainable future to position the "ecological crisis" as a fundamental reason for major educational reforms. Relying on crisis-talk to fuel social and environmental justice and environmentalism reinforces the thinking of the past, which inadvertently perpetuates the acceptance of present…

  7. Coping with the Global Economic Crisis: A Challenge to Technical ...

    There is rapid transformation of the economics of the developed countries of the ... economic crisis affecting both the developing and underdeveloped countries of ... creating new demands for more adaptable, multi-skilled and creative labour.

  8. EFFECTIVE CRISIS MANAGEMENT FOR ISLAMIC FINANCIAL INDUSTRY AND THE INSTITUTION OF HISBAH: LESSONS FROM GLOBAL FINANCIAL CRISIS

    Najeeb Zada

    2016-06-01

    Full Text Available The recent financial crisis resulted destructive effects on finance industry. Islamic financial industry (IFI is still naïve and largely untested in the face of a major financial turmoil. Major issues and uncertainties of the insolvency of IFI include the issue of moral hazard, government bailouts, excessive risk taking and deposit insurance. This paper addresses the issue of crisis management in IFI from the perspective of al-Siyasah al-Shar’iyyah and attempts to derive public policy guidelines that are useful in developing a timely and efficient crises management framework for Islamic finance industry. By using qualitative methods, the study found that the global financial crisis resulted in great destruction of financial institution. Although Islamic finance was quite immune to the global crisis as compared to its conventional peer, concerns still exist. It is time that Islamic finance industry learns from the financial woes of the rest of the world. =========================================== Krisis keuangan baru-baru ini mengakibatkan efek destruktif pada industri keuangan. Industri keuangan Islam (IKI masih naif dan sebagian besar belum teruji dalam menghadapi gejolak keuangan besar. Isu utama dan ketidakpastian dari kebangkrutan IKI meliputi moral hazard, dana talangan pemerintah, pengambilan risiko yang berlebihan dan asuransi deposito. Makalah ini membahas isu manajemen krisis dalam IKI dari perspektif al-Siyasah al-Shar'iyyah dan berusaha mendapatkan pedoman kebijakan publik yang bermanfaat dalam mengembangkan kerangka kerja manajemen krisis yang tepat waktu dan efisien bagi IKI. Dengan menggunakan metode kualitatif, studi ini menemukan bahwa krisis keuangan global mengakibatkan kehancuran besar bagi industri keuangan. Meskipun keuangan Islam cukup kebal terhadap krisis global dibandingkan dengan keuangan konvensional, kekhawatiran masih ada. Sudah saatnya industri keuangan Islam belajar dari krisis keuangan dari seluruh dunia.

  9. Crisis global, económica, social y ambiental

    Araceli Damián

    2015-01-01

    Full Text Available El presente artículo tiene la finalidad de explorar la compleja crisis del sistema capita - lista actual retomando diversos ángulos de su manifestación: económica, social y am - biental. El trabajo está dirigido a examinar las crisis del capitalismo actual a partir de la crisis inmobiliaria y financiera de 2008, que fue considerada como la más grave en el ámbito mundial después de la de 1929. Para ello se examinan, en primer término, las explicaciones que desde la teoría marxista y keynesiana se han ofrecido en torno a las crisis económicas propias del capitalismo. En segundo lugar se analizan algunas de las consecuencias de las crisis padecidas en los últimos cincuenta años, sobre todo en relación con los cambios en las relaciones de poder entre capital y trabajo; ello ha producido un deterioro en las condiciones de vida de la mayoría de la población, que se manifiesta en una creciente pobreza, desigualdad, persistencia del hambre y deterioro ambiental en el mundo.

  10. How Does the Global Economy Crisis Influence in Managing Investment in Indonesia

    Enggal Sriwardiningsih

    2012-09-01

    Full Text Available July 2007 is the beginning of the world’s subprime mortgage crisis. Since then, the world’s liquidity crisis occurred and never found any solution until now. The liquidity crisis began to spread from developed countries to poor countries, developing countries and emerging markets with two channels. This contagious crisis made growing economy and emerging economy fell. No country in the world survived, including Indonesia. This paper discussed the management of investments in Indonesia. It started from the spread of global crisis to Indonesia and its impact on investment in Indonesia. Then, we discussed the government's efforts to encourage investment. The last was the view of the investment for the next three years (2010-2014

  11. Global Crisis: Local Reality?--An International Analysis of "Crisis" in the Early Years

    White, E. Jayne; Pramling-Samuelsson, Ingrid

    2014-01-01

    In a recent keynote speech Paul Standish noted "there is agreement in judgments. But how the response to those judgments is realised is always cultural" (paper presented to PESA Conference, Taiwan, 2012, p. 2). Making judgments about what constitutes "crisis" for children is not necessarily agreed universally, though clearly…

  12. Modeling exchange rate volatility in CEEC countries: Impact of global financial and European sovereign debt crisis

    Miletić Siniša

    2015-01-01

    Full Text Available The aim of this study is to envisage the impact of global financial (GFC and European sovereign debt crisis (ESDC on foreign exchange markets of emerg- ing countries in Central and Eastern Europe CEEC countries (Czech Republic, Hungary, Romania, poland and Serbia. The daily returns of exchange rates on Czech Republic koruna (CZK, Hungarian forint (HuF, Romanian lea (RoL, polish zloty (pLZ and Serbian dinar (RSD, all against the Euro are analyzed during the period from 3rd January 2000 to15th April 2013, in respect. To examine the impact of global financial crisis and European sovereign debt crisis, dummy variables were adopted. overall results imply that global financial crisis has no impact on exchange rate returns in selected CEEC countries, while European sovereign debt crisis inf luencing in depreciation of polish zloty by 8% and Roma- nian lea by 6%. obtained results by our calculation, imply that global financial crisis increased enhanced volatility on exchange rate returns of Czech koruna, Romanian lea and polish zloty. Moreover, results of empirical analysis imply that this impact has the strongest inf luence in volatility on exchange rate returns of polish zloty.

  13. Defining and Acting on Global Health: The Case of Japan and the Refugee Crisis

    Claire Leppold

    2016-08-01

    Full Text Available What counts as global health? There has been limited discourse to date on the ways in which country-level contexts may shape positioning in global health agendas. By reviewing Japan’s response to the refugee crisis, we demonstrate a clash between rhetoric and action on global responsibility, and suggest that cultural and historical factors may be related to the ways of perceiving and acting upon global health.

  14. Defining and Acting on Global Health: The Case of Japan and the Refugee Crisis.

    Leppold, Claire; Ozaki, Akihiko; Shimada, Yuki; Morita, Tomohiro; Tanimoto, Tetsuya

    2016-05-31

    What counts as global health? There has been limited discourse to date on the ways in which country-level contexts may shape positioning in global health agendas. By reviewing Japan's response to the refugee crisis, we demonstrate a clash between rhetoric and action on global responsibility, and suggest that cultural and historical factors may be related to the ways of perceiving and acting upon global health. © 2016 by Kerman University of Medical Sciences.

  15. Chicken or Egg: Global Economic Crisis or Ideological Retrenchment from Welfare in Three European Countries

    Madsen, Aase Mygind; Judd, Dawn; Boeckh, Jürgen

    2015-01-01

    As welfare states confront massive changes, these are often explained as inevitable by-products of the global economic crisis. However, many of the shifts in welfare ideology pre-date the crisis. As increasing numbers of European welfare states move towards neoliberal paradigms then this converge......As welfare states confront massive changes, these are often explained as inevitable by-products of the global economic crisis. However, many of the shifts in welfare ideology pre-date the crisis. As increasing numbers of European welfare states move towards neoliberal paradigms...... then this convergence is, in turn, having a marked impact on social work education and practice. Today it would appear that, to varying degrees, European social workers are driven by ever-growing managerialist objectives. Juxtaposed is the shift towards consumerism and individualism, which is manifested through various...

  16. Access to opioids: a global pain management crisis.

    Buitrago, Rosa

    2013-03-01

    The lack of availability of opioids in many countries has created a pain management crisis. Because the Single Convention on Narcotic Drugs requires governments to report annual opioid statistics, there is a need for methods to calculate individual nations' opioid needs. Ways to address this need are discussed.

  17. Panels target women's response to the global economic crisis and ...

    2010-11-23

    Nov 23, 2010 ... The event was hosted by IDRC 's Women's Rights and Citizenship ( WRC ) ... Jain believes that to put this growth into motion, the focus needs to shift from crisis management to developing a new purpose for ... Related articles ...

  18. Rhetorics of Regulation in Education after the Global Economic Crisis

    Hartley, David

    2010-01-01

    Economic crises such as those of 1929, 1973 and 2008 appear to associate with shifts in the rhetorics of management. These dates mark the end of expansionary phases within an economic cycle, and they portend what James O'Connor has called a "fiscal crisis of the state". It is argued, speculatively, that immediately before and after an…

  19. The Macroeconomic Outlook and the Impact of the Global Crisis in the Euro Area

    Mioara CHIRITA

    2010-08-01

    Full Text Available This paper provides general analysis and evolution of macroeconomic and financial indicators in the euro area, during the recent crisis 2008-2009. The financial market turmoil that began in 2007 led to a severe global economic downturn. The causes of the crisis, the effects on global financial markets, and the spillover to the economy are permanently examined by the analysts, but the final conclusions are not clear yet. The conclusion of this paper is that the global activity is recovering at varying speeds in some countries, tepidly in many of the advanced economies but solidly in most emerging and developing economies.

  20. Impact of global financial crisis on stylized facts between energy markets and stock markets

    Leng, Tan Kim; Cheong, Chin Wen; Hooi, Tan Siow

    2014-06-01

    Understanding the stylized facts is extremely important and has becomes a hot issue nowadays. However, recent global financial crisis that started from United States had spread all over the world and adversely affected the commodities and financial sectors of both developed and developing countries. This paper tends to examine the impact of crisis on stylized facts between energy and stock markets using ARCH-family models based on the experience over 2008 global financial crisis. Empirical results denote that there is long lasting, persists and positively significant the autocorrelation function of absolute returns and their squares in both markets for before and during crisis. Besides that, leverage effects are found in stock markets whereby bad news has a greater impact on volatility than good news for both before and during crisis. However, crisis does not indicate any impact on risk-return tradeoff for both energy and stock markets. For forecasting evaluations, GARCH model and FIAPARCH model indicate superior out of sample forecasts for before and during crisis respectively.

  1. La crisis financiera global y el Derecho del Trabajo

    Oscar Ermida Uriarte

    2014-03-01

    Full Text Available Hace tiempo que la frase acuñada por Palomeque, según la cual la crisis económica es "una compañera de viaje histórica del Derecho del trabajo", se convirtió en tópico del Derecho laboral. Mucho antes aún, en 1922, Sinzheimer había señalado que la interferencia Economía-Derecho laboral era inevitable -se podría decir estructural-, por cuanto "corresponde al Derecho del trabajo determinar la forma en que se dispone de los instrumentos y del producto del trabajo". Y siendo el laboral "un Derecho de la distribución" , el cumplimiento de esa función se vuelve más difícil y ríspida en períodos de dificultades económicas, porque si bien no es verdad que inevitablemente la torta deba crecer primero para recién después ser repartida, sí es cierto que la escasez complica y "conflictiviza" la distribución. Por tanto, la emergencia o el simple anuncio de la posibilidad de una crisis económica, produce efectos negativos sobre las relaciones de trabajo.Contenido: Crisis económica y Derecho del trabajo: una relación histórica. La crisis desatada en el ámbito financiero internacional en 2008. Efectos específicos de la crisis sobre el Derecho del trabajo. Algunos ejemplos nacionales concretos. Instrumentos laborales de anticipación o previsión. Conclusiones y sugerencias

  2. Labour Markets Trends, Financial Globalization and the current crisis in Developing Countries

    R.E. van der Hoeven (Rolph)

    2010-01-01

    textabstractThe current wave of globalization has profound labour market effects, accentuated, in many cases, by the current financial and economic crisis. This paper reviews general labour market trends and country examples, arguing that the current globalization process makes labour’s position

  3. Liderazgo y resiliencia organizacional en la crisis financiera global del 2008–2009

    Horta Ochoa, María Alejandra; Puentes Perdomo, Natalia

    2012-01-01

    Durante la crisis financiera global de 2008 muchas organizaciones y mercados financieros tuvieron que terminar sus operaciones o replantearlas debido a los choques que golpearon el bienestar de sus empresas. A pesar de esta grave situación, en la actualidad se pueden encontrar empresas que se recuperaron y salieron del terrible panorama que les presentó la crisis, incluso encontrando nuevas oportunidades de negocio y fortaleciendo su futuro. Esta capacidad que algunas organizaciones tuvier...

  4. An Assessment of Malaysian Monetary Policy During the Global Financial Crisis of 2008-09

    Selim Elekdag; Subir Lall; Harun Alp

    2012-01-01

    Malaysia was hit hard by the global financial crisis of 2008-09. Anticipating the downturn that would follow the episode of extreme financial turbulence, Bank Negara Malaysia (BNM) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 150 basis points. Against this backdrop, this paper tries to quantify how much deeper the recession would have been without the BNM's monetary policy response. Taking the most intense year of the crisis as our baseline (...

  5. Comparative Analysis Of Financial Performance Banking Before And After The Global Economic Crisis In 2008

    Sri Indrastuti S.

    2017-11-01

    Full Text Available This research was conducted at the Regional Development Bank BPD in Indonesia. This study aims to examine and obtain empirical evidence about the comparative financial performance of regional banks after the global crisis with a view of its financial ratio which includes a ratio ROA CAR COF GMP LDR NIM ROA and ROE. This study further whether there was a significant difference in the time before and after the global economic crisis of 2008.The method used is a saturated or census sampling of the 26 Bank Pembangunan Daerah BPD. This study uses secondary data obtained from financial statement data Regional Development Bank for the period 2006 to 2010. The analytical tool used to determine differences in financial performance before and after the global economic crisis of 2008 was Paired sample T test for normally distributed data. If the data were not normally distributed using the Wilcoxon Signed Rank Test.The results showed that the financial performance of the Bank Pembangunan Daerah BPD in the ratio of ROA CAR COF GMP LDR NIM and ROA before and after the global economic crisis in 2008 there are significant differences. While ROE ratios before and after the global economic crisis of 2008 was not a significant difference.

  6. Multivariate Models to Forecast Portfolio Value at Risk: from the Dot- Com crisis to the global financial crisis

    Manuel Sousa Gabrie

    2014-09-01

    Full Text Available This study analyzed market risk of an international investment portfolio by means of a new methodological proposal based on Value-at- Risk, using the covariance matrix of multivariate GARCH-type models and the extreme value theory to realize if an international diversification strategy minimizes market risk, and to determine if the VaR methodology adequately captures market risk, by applying Backtesting tests. To this end, we considered twelve international stock indexes, accounting for about 62% of the world stock market capitalization, and chose the period from the Dot-Com crisis to the current global financial crisis. Results show that the proposed methodology is a good alternative to accommodate the high market turbulence and can be considered as an adequate portfolio risk management instrument.

  7. La crisis financiera global: síntoma de una crisis de valores

    Ignacio Danvila del Valle

    2015-01-01

    Full Text Available El objetivo de este trabajo es indicar que la actual crisis financiera, es principalmente una crisis de valores. La metodología del trabajo consiste en realizar un estudio descriptivo sobre las consecuencias de la crisis en los mercados financieros internacionales, en la quiebra de empresas y de entidades financieras, señalando que se debe a una pérdida de valores de los directivos de muchas compañías. Los resultados de este estudio, señalan que actuaciones excesivamente avariciosas y poco solidarias han aumentado los niveles de endeudamiento de hogares, empresas y de toda la economía hasta límites insostenibles. En esta situación, se recomienda que las empresas adquieran el compromiso moral de incorporar criterios de responsabilidad social en sus operaciones. Además, que no haya dejación de responsabilidades por parte de los directivos de empresas y que se lleven a cabo políticas de apoyo a las personas en riesgo social. La posible solución podría ser, la recuperación de valores olvidados y recordar que toda relación económica es esencialmente una relación humana.

  8. The Mexican Economy After the Global Financial Crisis

    2010-09-09

    14% between 2000 and 2006. Mexico’s continuing problem of poverty is especially widespread in rural areas and remains at the Latin American average...49 In rural areas the percentage of those living in moderate poverty was 61% in 2008, while that of those living in extreme poverty was 32%. The rates...Política de Desarrollo Social (CONEVAL), July 18, 2009. 51 “Mexico Recovering, but Crisis Spotlights Challenges, says IMF,” IMF Survey Magazine: In

  9. How did the Global Financial Crisis Influence the Automobile Industry: Comparison between the US and Japanese Auto Industry

    SUN, YAN

    2013-01-01

    The 2008 global financial crisis was the worst one in seventy-five years and had great negative impact on the economy worldwide. Automobile industry, the pillar to the economic development, was hit most by the recession among the sectors. The purpose of this study is to analyze the financial crisis impacts on the automobile industry and find out strategies to decrease the occurrence rate and the loss if a similar crisis occurs. The study, firstly, describes the impact of financial crisis...

  10. Nigeria electricity crisis: Power generation capacity expansion and environmental ramifications

    Aliyu, Abubakar Sadiq; Ramli, Ahmad Termizi; Saleh, Muneer Aziz

    2013-01-01

    Access to clean and stable electricity is essential in actualizing Nigeria's quest for joining the league of twenty most industrious nations by the year 2020 (vision 20:2020). No country can develop and sustain it development without having a minimum access to electricity for it larger percentage of its population. At present, Nigeria depends petroleum reserves and its aged hydro plant instalments for electricity generation to feed the 40% of its total population that are connected to the national grid. This paper summarizes literature on the current energy issues in Nigeria and introduces the difficulty of the issues involved. The paper also analyses the current (2010) electricity generation as well as the future expansion plans of the Government in 20 years period. The plan includes the introduction of new electrify generation technologies that have not been in used in the base year (2010). The electricity generation system of (including the future expansion plan) was simulated using the LEAP System (Long-range Energy Alternative and Planning). We also investigated the potential environmental impact of siting a nuclear power plant in one of the potential sites based on the site's specific micro-meteorology (land use) and meteorology using the US EPA (Environmental Protection Agency) models; AERMOD 12345. - Highlights: • This paper scrutinizes literature on Nigeria's energy crisis and presents the policies of the clean technology as solutions. • Only 40% of Nigeria's population is connected to the grid; and this population faces power problems 60% of the time. • Simulation of Nigeria electricity generation system was done. • Air dispersion modellingmodelling for radiological health risk from NPP was done

  11. Peranan Environmental Accounting Terhadap Global Warming

    Martusa, Riki

    2009-01-01

    This article explores about is global warming. The distortion of nature causes global warming. Industrial sector is one of global warming incurred. Some nations create a group to cope this matter. They try to reduce carbon emission as one of global warming causes by controlling industrial carbon emission through financial reporting. This article explores normatively roles of environmental accounting in cope with global warming.  

  12. Philosophical Aspects of Global Environmental Issues

    Lazutinaa, Tatyana V.; Baksheev, Vladimir N.

    2016-01-01

    The relevance of this paper is determined by understanding of global environmental problems in the context of social ecology. The purpose of this paper is the analysis of main modern environmental global problems created by the equipment representing a public and social basis for the practical transformation of public relations and also the…

  13. Human Capital and Knowledge Emergence. Induced Effects of the Global Crisis on Human capital and Innovation

    Simona Buta

    2014-12-01

    Full Text Available In the global crisis context crossed by organizations and countries in the past six years we assist also at conflicting measures in which regards knowledge, innovation and human capital; for example, countries such as England and France have reduced their costs for education, while Germany and other countries (Australia, Austria, Canada and Norway maintained the same allocations for education. What will be the effects of such measures on human capital in the near future? What are the best human resources policies in companies in the crisis context? Given that the subject of the research is "knowledge and human capital", in this paper we refer to the induced effects of the crisis on human capital and innovation. We will also identify the key steps that can be taken during crisis, and not only, to stimulate human capital.

  14. THE SHADOW BANKING SYSTEM AND ITS ROLE IN TRIGGERING THE GLOBAL CRISIS

    Carmen BOGHEAN

    2015-04-01

    Full Text Available Financial innovation, the deficiencies of corporate governance, moral hazard, easy money policies, government inefficiency, and mainly the activity of the shadow banking system have all played a critical role in setting off the global financial crisis. Due to the imbalances it has triggered, the shadow banking system has been at the core of the most widespread and profound world crisis of all time, as the attempt to use financial capital as efficiently as possible by resorting to “innovative” products has significantly contributed to the advent of the financial crisis. The present crisis has already proved that the banking and financial activity can have a deeply disturbing impact on our economy, but the flexibility of lending mechanisms and the various reactions of the players on the market that are otherwise inherent in a dynamic economic system, cannot exist in the absence of banking mechanisms.

  15. Organisational ineffectiveness: environmental shifts and the transition to crisis

    Fischbacher-Smith, Denis

    2014-01-01

    Purpose:\\ud – The purpose of this paper is to explore the notion of effectiveness in the context of organisational crisis. It considers the “darker” side of organisational effectiveness by exploring the processes by which effectiveness can be eroded as an organisation moves from an ordered state, through a complex one, and into a state of chaos, or crisis. It brings together complementary literatures on risk, crisis management, and complexity, and uses those lenses to frame some of the key pr...

  16. Understanding Crisis-based Communication on Environmental Protection in China : Mass Media and Individuals

    Huang, Bo; Yabe, Mitsuyasu; Xia, Wei; Zeng, Yinchu; 矢部, 光保

    2010-01-01

    Beijing has been frequently stroked by sandstorms. During the occurrence of sandstorms, related information increased dramatically due to mass media. How did the mass media in China react to the sandstorm crisis? Did the crisis arouse public awareness of environmental protection? Were the majority willing to pay an environmental tax for air quality improvement? In response to these questions, the purpose of this study is to analyze the impacts of a short-term information explosion from mass m...

  17. The financial crisis and global health: the International Monetary Fund's (IMF) policy response.

    Ruckert, Arne; Labonté, Ronald

    2013-09-01

    In this article, we interrogate the policy response of the International Monetary Fund (IMF) to the global financial crisis, and discuss the likely global health implications, especially in low-income countries. In doing so, we ask if the IMF has meaningfully loosened its fiscal deficit targets in light of the economic challenges posed by the financial crisis and adjusted its macro-economic policy advice to this new reality; or has the rhetoric of counter-cyclical spending failed to translate into additional fiscal space for IMF loan-recipient countries, with negative health consequences? To answer these questions, we assess several post-crisis IMF lending agreements with countries requiring financial assistance, and draw upon recent academic studies and civil society reports examining policy conditionalities still being prescribed by the IMF. We also reference recent studies examining the health impacts of these conditionalities. We demonstrate that while the IMF has been somewhat more flexible in its crisis response than in previous episodes of financial upheaval, there has been no meaningful rethinking in the application of dominant neoliberal macro-economic policies. After showing some flexibility in the initial crisis response, the IMF is pushing for excessive contraction in most low and middle-income countries. We conclude that there remains a wide gap between the rhetoric and the reality of the IMF's policy and programming advice, with negative implications for global health.

  18. The impacts of the global economic crisis on selected segments of the world trade in commodities

    Elena Horská

    2012-01-01

    Full Text Available This paper deals with the impacts of the economic crisis on the world trade in order to highlight the mutual interdependence of the development of the world output and trade. The paper observes mutual correlation in development of the world trade and output. The results of the analysis indicate that changes in the value of world GDP and world trade are correlated by more than 90%. It is important to mention that in the years 2000–2009, the value of world trade and world output increased significantly (although in 2009, a significant decline in both value and volume of global production and trade was recorded due to the crisis. In relation to the world trade, it should be noted that its commodity structure is dominated by trade in manufactures. The crisis that occurred in the period 2008–2009 greatly affected the world economy and trade in particular. In this respect it should be pointed out that the crisis mainly affected trade in manufactures and then trade in fuels and mining outputs in terms of both absolute and relative indicators. Agrarian trade dealt with the crisis the best and the impact of the crisis on development of its values and volume was the least significant. This verifies the fact that agrarian and food products tend to be the most resistant to the crisis (on contrary, in times of global economic growth or reconstruction, the trade in agrarian and food products shows lower degree of elasticity in relation to the global GDP growth in comparison to other segments of commodities trade.

  19. Global issues in environmental medicine.

    Goldstein, B D

    1993-03-01

    This overview will discuss a number of the issues posed by the challenge of international environmental health. The reasons that environmental problems occurring elsewhere in the world are of importance to occupational and environmental physicians in North America include the interconnectedness of the biosphere of our planet so that environmental alterations in one part of the globe can have an adverse outcome on our health and well-being; the often high levels of pollution and environmental degradation elsewhere provide an opportunity to determine and predict adverse consequences of environmental agents pertinent to protecting our own health; and, most importantly, our own ability to provide assistance in helping economic development occur in a setting of low risk of environmental pollution.

  20. Spatial and Financial Fixes and the Global Financial Crisis: Does Labour Have the Knowledge and Power to Meet the Challenge?

    Brown, Tony

    2013-01-01

    Five years after the global financial crisis, and trillions of dollars in stimulus spending later, the crisis not only remains unresolved, but risks entering a new deeper phase in southern Europe. The global turbulence, although experienced with differing degrees of intensity and dislocation around the world, manifests as high unemployment,…

  1. Exploring Terra Incognita: Preliminary Reflections on the Impact of the Global Financial Crisis upon Human Resource Management.

    Zagelmeyer, S.J.; Gollan, P.J.

    2012-01-01

    Since 2007, the global financial crisis (GFC) appears not only to have shaken the foundations of the financial markets and the real economy; it also appears to have harmed the social and political life of many countries. For human resource management (HRM), the global crisis represents an external

  2. Global consequences of US environmental policies

    Sedjo, R.A.

    1993-01-01

    Attempts to quantify the financial and social benefits and costs, and their critiques, of habitat protection, have missed a major element: the global environmental consequences. In a global economy linked by international trade a significant reduction in timber harvests in on region will probably precipitate actions in other regions that may be detrimental to the global environment. These reactions would offset most or all of the alleged environmental benefits. The author uses the spotted owl controversy in the Pacific Northwest to illustrate his points. Global aspects of employment, marketing evaluations, fossil fuel implications are all discussed. The author feels that responses from environmentally responsible citizens would be influenced if it was more widely known that in a global system, domestic habitat protection and land-use decisions involved substantial environmental costs elsewhere

  3. The Global Economic Crisis. Challenges for SMEs in Romania

    Roxana Gabriela HODOROGEL

    2011-04-01

    Full Text Available The economy of the European Union (EU has left behind the downturn and is gradually recovering. In 2010, both the EU and the Eurozone posted economic growth, mostly because Germany did better than expected. All considered, the German economy is growing at a faster pace than in the last two decades. Recession, however, has persisted in states like Greece, Romania and Latvia, and analysts expect growth rates, especially in Eastern Europe, to remain low in the next period. Recovery in this part of Europe largely depends on a pickup in the activity of small and medium-sized enterprises (SMEs, which were seriously affected by the credit crunch the economic crisis entailed. The adverse impact on most SMEs causes a decline in the development rate and a rise in the number of bankruptcies. But the growth of the German economy, however, has a beneficial effect on companies in Central and East European states as well.

  4. THE TOURISM IN THE MIDDLE OF THE GLOBAL CRISIS

    Ramona Ioana COSTEA

    2009-06-01

    Full Text Available The paper is divided into three parts. In the first part is presented the evolution of tourism in Europe during 2008 as indicated by data provided by Eurostat, in the second part is made a brief analysis of the Romanian tourism development in the period August 2008 - January 2009. Is found in both the European Union and Romania, a decrease of the turnover, a decrease of the  tourist number and a decreased length of stay. In the EU, crisis started to have an effect in the second part of the year. However, the number of nights spent in hotels and similar establishments in the European Union showed a small decrease (-0.5% compared with the previous year. In Romania January 2009 brought a sharp decrease of net use of tourist accommodation bed - place in Hotels and similar units from 50.4% in August 2008 to 17.7% in January 2009. In the last part of the paper I've presented ways to decrease and eliminate the effect of the crisis in Romanian tourism. There are presented measures taken by the Ministry of Tourism, national prizes award of goods and services quality, methods to improve services quality by implementing a quality management system. For this purpose are presented the certified companies by RENAR, which issue certificates quality and the number of firms from the tourism segment certified by them. The paper shows steps that can be followed to implement a system of management quality. ISO 9000 and ISO 14000 standards are the guideline standards that can be implemented by any firm.

  5. The prospects of the Russian Oil Sector in the context of the global financial crisis

    Belyi, A.V.

    2009-01-01

    This article examines the history of the Russian oil industry. It shows in articular its progress to become a competitive producer, capable of adapting itself to new situations. At the same time, it must be emphasized that Russian oil prospects are highly dependent on the oil pipeline network. Construction o new infrastructures may be postponed as a result of the global financial crisis. (author)

  6. HRD Challenges Faced in the Post-Global Financial Crisis Period--Insights from the UK

    Keeble-Ramsay, Diane Rose; Armitage, Andrew

    2015-01-01

    Purpose: The paper aims to report initial empirical research that examines UK employees' perceptions of the changing nature of work since the Global Financial Crisis (GFC) to consider how the financial context may have constrained HRD practice and more sustainable approaches. Design/methodology/approach: Focus group research was facilitated…

  7. A cross-country perspective on the causes of the global financial crisis

    Claessens, S.; Dell'Ariccia, G.; Igan, D.; Laeven, L.; Caprio, G.; Beck, T.; Claessens, S.; Schmukler, S.L.

    2013-01-01

    The global financial crisis is rooted in a combination of factors common to previous financial crises and some new factors. The four features in common with other crises are (1) asset price increases that turned out to be unsustainable, (2) credit booms that led to excessive debt burdens, (3)

  8. On the impact of the global financial crisis on the euro area

    He, Xiaoli; Jacobs, Jan; Kuper, Gerard; Ligthart, Jenny

    2013-01-01

    This paper analyses the impact of the Global Financial Crisis on the Euro area utilizing a simple dynamic macroeconomic model with interaction between monetary policy and fiscal policy. The model consists of an IS curve, a Phillips curve, a term structure relation, a debt accumulation equation and a

  9. Did Fiscal Stimulus Lift Developing Asia Out of the Global Crisis? An Empirical Investigation

    Seok-Kyun Hur

    2018-03-01

    Full Text Available The substantial slowdown of economic growth since the global financial crisis of 2008-2009 is rekindling debate on whether developing Asia should use fiscal expansion to boost aggregate demand. A key factor in the debate is the effectiveness of countercyclical fiscal policy in the region. The global crisis, as well as the fiscal stimulus packages implemented by developing Asian countries at that time, give some clues to this important issue. The region weathered the global crisis well and experienced a robust V-shaped recovery. According to conventional wisdom, the fiscal stimulus packages put in place by Asian governments played a key role in the region’s recovery. The central objective of this paper is to empirically test this wisdom by using cross-country panel data. Our main finding is that the stimulus has had a limited but positive impact on developing Asia’s output during the global crisis. This lends some support to the notion that countercyclical fiscal policy can help the region cope with severe external shocks. The broader, more fundamental implication for regional policymakers is that the region’s long-standing commitment to fiscal discipline can yield significant benefits beyond macroeconomic stability. An important consequence of this commitment - relatively healthy fiscal balance sheets - enabled the region’s governments to quickly and decisively embark upon fiscal stimulus programs.

  10. What Effect Did the Global Financial Crisis Have upon Youth Wellbeing? Evidence from Four Australian Cohorts

    Parker, Philip D.; Jerrim, John; Anders, Jake

    2016-01-01

    Recent research has suggested significant negative effects of the Global Financial Crisis (GFC) on mental health and wellbeing. In this article, the authors suggest that the developmental period of late adolescence may be at particular risk of economic downturns. Harmonizing 4 longitudinal cohorts of Australian youth (N = 38,017), we estimate the…

  11. The Global Economic Crisis, Poverty and Education: A Perspective from India

    Nambissan, Geetha B.

    2010-01-01

    Debates on the global economic recession have failed to draw adequate attention to the meaning of the crisis for the poor and their education, especially in later developing societies. In this paper, I focus on the education of children of the poor in India--a country that has experienced economic slowdown rather than recession. Available research…

  12. A Commentary on "Contextualizing the Intermediate Financial Accounting Courses in the Financial Global Crisis"

    Woods, Margaret

    2011-01-01

    The breadth of issues raised by the ongoing global financial crisis (GFC) has made accounting education potentially very exciting of late, particularly in the fields of financial reporting and auditing. Students can find it difficult to engage with the conceptual principles that underpin accounting regulation and it can be challenging for the…

  13. Rationale for Students Preparation and Entrepreneurship Education in the Face of Global Economic Crisis in Nigeria

    Onuma, Nwite

    2016-01-01

    The rationale for students preparation in job creation through entrepreneurship education was examined. Problems of unemployment among Nigerian university graduates and challenges to entrepreneurship in the face of global economic crisis were also highlighted. The persistent problem of unemployment among University graduates and its attendant…

  14. Marx and Foucault: Subjectivity, Employability and the Crisis of Youth Unemployment in the Great Global Recession

    Peters, Michael A.; Besley, Tina

    2013-01-01

    This article explores the different approaches taken to the concepts of work or labour by Marx and Foucault, examining in particular the question of subjectivity in relation to youth unemployment and the current crisis of youth unemployment as part of the aftermath of the global recession of 2008.

  15. Global Warming and the Political Ecology of Health: Emerging Crisis and Systemic Solutions

    Kate Smith

    2012-06-01

    Full Text Available Review of Global Warming and the Political Ecology of Health: Emerging Crisis and Systemic Solutions. Hans Baer and Merrill Singer. 2008. Left Coast Press, Inc., Walnut Creek, CA. Pp. 238. $32.95 (paperback. ISBN 978-1-59874-354-8.

  16. A Commentary on "Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis"

    Adler, Ralph W.

    2011-01-01

    In their paper (Bloom and Webinger, 2011) the authors identify the multidisciplinary nature of accounting, in terms of how it influences and is influenced by other business disciplines, and suggests ways in which the current Global Financial Crisis (GFC) can be used as a potent teaching and learning device for both illustrating these…

  17. A Commentary on "Contextualising the Intermediate Financial Accounting Courses in the Global Financial Crisis"

    Marzo, Giuseppe

    2011-01-01

    In response to Bloom and Webinger (2011), this article examines the basic idea that the Bloom and Webinger article promotes: the integration of global financial crisis (GFC) topics within accounting courses, the way in which this idea can be implemented, and the way a class can be stimulated in order to encourage higher participation in both the…

  18. Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis

    Bloom, Robert; Webinger, Mariah

    2011-01-01

    This paper represents an attempt to incorporate concepts and issues stemming from the global financial crisis (GFC) into the typical Intermediate Accounting, two-course sequence as taught in North American colleges and universities. The teaching approach which the authors advocate embeds the GFC throughout these courses. The main expected outcome…

  19. The impact of the global economic crisis on HIV and AIDS ...

    This investigation sought to ascertain the extent to which the global economic crisis of 2008–2009 affected the delivery of HIV/AIDS-related services directed at pregnant and lactating mothers, children living with HIV and children orphaned through HIV in Zambia. Using a combined macroeconomic analysis and a multiple ...

  20. Young people and homeownership in Europe through the global financial crisis

    Lennartz, C.; Arundel, R.; Ronald, R.

    2014-01-01

    In context of poorly performing national economies and sustained employment insecurity since the Global Financial Crisis of 2007-2008, various UK and US studies have suggested that access for younger people to independent living, and to owner-occupied housing in particular, has been in decline.

  1. Younger adults and homeownership in Europe through the global financial crisis

    Lennartz, C.; Arundel, R.; Ronald, R.

    2016-01-01

    In the context of poorly performing national economies and sustained employment insecurity since the Global Financial Crisis of 2007-2008, various UK and US studies have suggested that the transitions of younger people into independent living and into homeownership, in particular, have been in

  2. THE REGIONAL IMPACTS OF THE 2008-2009 GLOBAL CRISIS ON GOVERNANCE

    HALIL DINCER KAYA

    2017-04-01

    Full Text Available In this study, we examine the regional impacts of the 2008-2009 Global Crisis on Governance. We use World Bank’s Worldwide Governance Indicators (i.e. WGI which includes six dimensions of governance. These six dimensions are “Voice and Accountability”, “Political Stability and Absence of Violence”, “Government Effectiveness”, “Regulatory Quality”, “Rule of Law”, and “Control of Corruption”. The regions that we examine are North America, Europe and Central Asia, Latin America and Caribbean, East Asia and Pacific, South Asia, SubSaharan Africa, and Middle East and North Africa. We examine how the global crisis affected the ranking of each region in terms of these six dimensions of governance. Although, both pre- and post-crisis, North America had the highest ranking in all six measures and Sub-Saharan Africa had the lowest ranking in most measures, the rankings of other regions went up or down in different measures. Our findings show that, due to the crisis, while the overall rankings of Europe and Central Asia, Latin America and Caribbean, and South Asia improved after the crisis, the ranking of East Asia and Pacific declined. East Asia and Pacific’s ranking declined in terms of “Political Stability and Absence of Violence”, “Regulatory Quality”, and “Control of Corruption”.

  3. New Challenges of Contingency Theory in Management Accounting System, in Terms of Global Economic Crisis

    Ene Dumitru

    2010-01-01

    This paper aims to answer the question: 1. The contingency theory can be a source of improvement in management accounting research ,in terms of global economic crisis?’’ 2. Can be Contingency factors a bridge between organizational theories and management accounting? Research purpose: -The contingency theory can be a source of improvement in management accounting research, in terms of global economic crises; -Contingency factors can be a bridge between organizational theories and management a...

  4. The Global Economic Crisis and the Africa Rising Narrative

    growth back on the global agenda, with lowering oil prices and the rising of fracking .... workforce is informalised labour (Bieler et al 2008), while in the rural areas .... community gardens, and socially-owned renewable energy projects, which.

  5. Just Security and the Crisis of Global Governance

    Durch, W.; Larik, J.; Ponzio, R.

    2016-01-01

    Pursuing security and justice jointly in global governance will be vital to human progress in the twenty-first century. Humanity lives and operates simultaneously in three spaces critical to contemporary life and governance: public, transactional and ecological. Failures in one space can cascade into others. Managing them so as to avoid such failures is an essential function of global governance. Public space is the home of governance (formal and informal) and of rights-exercising groups and ...

  6. The effect of current global economic crisis on Danish companies and what we can learn from it

    Sørensen, Olav Jull; Turcan, Romeo V.

    The paper explores the effects of the current global economic crisis on small and medium enterprises (SMEs) and the responses these SMEs undertake to cope with these effects. In other words, how entrepreneurs respond to the decline in their firm’s performance that is the result of this global...... economic crisis. Two theoretical lenses are identified to guide the understanding of entrepreneurs’ behaviours under crisis decision-making settings: turnaround strategy, and escalating commitment. To explore entrepreneurs’ behaviours under crisis decision-making settings, entrepreneurs of SMEs were...

  7. Bank Funding Structures and Risk; Evidence From the Global Financial Crisis

    Pablo Federico; Francisco F. Vazquez

    2012-01-01

    This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies the implications for financial stability, exploiting a bank-level dataset that covers about 11,000 banks in the U.S. and Europe during 2001?09. The results show that banks with weaker structural liquidity and higher leverage in the pre-crisis period were more likely to fail afterward. The likelihood of bank failure also increases with bank risk-taking. In the cross-section, th...

  8. Sustainability of the Organizational Changes in the Context of Global Economic Crisis

    Armenia Androniceanu

    2012-06-01

    Full Text Available In recent years, as a result of the hastening economic crisis, the Romanian business environment has known important changes. This paper presents and analyzes the changes caused by globalization in small and medium enterprises that exports goods and services from Bucharest. The purpose of the research was to discover the impact of global crisis upon the concerned group of enterprises and the organizational changes implemented by them. Through the research we succeeded to identify the main problems that occurred in the target group enterprises in the context of global economic crisis and what caused the reduction in their developing rhythm. Another part of the paper contains an analysis of the managers perceptions regarding the governmental anti-crisis measures and strategic and tactical changes initiated by them as a natural need to adapt to the particularities of the internal and international business environment. The final part includes the conclusions of the research and a sum of recommendations for efficient management of organizational changes in target group enterprises, with the possibility of generalizing them to all Romanian small and medium enterprises.

  9. Hunger: The World Food Crisis. An NSTA Environmental Materials Guide.

    Fowler, Kathryn Mervine

    This document provides a materials guide containing annotated bibliographies of literature for teachers and students, a film guide, and a curriculum materials guide for educational sources relating to hunger, food, and the world food crisis. Materials span the range from pre-school to grade 12. (SL)

  10. GLOBAL FINANCIAL CRISIS 2008 CAUSES AND CONSEQUENCES FOR RUSSIAN MACROPRUDENTIAL REGULATION

    Егор Николаевич Поляков

    2013-09-01

    Full Text Available This article analyzes the impact of volatility in global financial markets on the economy of developing countries and the analysis of factors contributing to a greater or lesser degree of vulnerability of the financial systems of developing countries in the global crisis of 2008-2010. Particular attention is paid to the influence of the global financial crisis on the economies of the two groups of developing countries of Southeast Asia and Central and Eastern Europe. On the basis of the analysis due to the dynamics of the main macroeconomic indicators of the Russian Federation during the acute phase of the crisis. The author presents an analysis of the vulnerability of the Russian economy in the event of possible instability in global financial markets at present. The author came to the conclusion that the main reason for which in 2009 the level of GDP growth Russia won 178 seats out of 184 countries, were 2 groups of errors. The first group of errors - errors are system of macro-prudential regulation made by the Central Bank from 2002 to 2007, such as: lack of control and regulation of borrowings of the private and banking sectors to foreign markets, as well as in the domestic market in foreign currency, the loss of control over domestic financial markets, such as: the interbank lending market, the stock market. The second group of errors - errors it committed securities during the crisis. The first error of the Central Bank - a rejection Vat refinance foreign debt of non-financial sector, resulting in an acute liquidity crisis. The second error is stretched for a few months, not a one-time devaluation of the ruble. Price of the second error was 200 billion USD, which the Central Bank lost and speculators earned.DOI: http://dx.doi.org/10.12731/2218-7405-2013-9-4

  11. Contagion effects of the global financial crisis in us and European real economy sectors

    Kenourgios Dimitris

    2014-01-01

    Full Text Available This paper empirically investigates the contagion effects of the Global Financial Crisis (2007-2009 from the financial sector to the real economy by examining nine sectors of US and developed European region. We provide a regional analysis by testing stock market contagion on the aggregate level and the sector level, on the global level and the domestic/regional level. Results show evidence of global contagion in US and developed European aggregate stock market indices and all US sector indices, implying the limited benefits of portfolio diversification. On the other hand, most of the European regional sectors seem to be immune to the adverse effects of the crisis. Finally, all non-financial sectors of both geographical areas seem to be unaffected by their domestic financial systems. These findings have important implications for policy makers, investors and international organizations.

  12. The global financial crisis and health equity: early experiences from Canada.

    Ruckert, Arne; Labonté, Ronald

    2014-01-06

    It is widely acknowledged that austerity measures in the wake of the global financial crisis are starting to undermine population health results. Yet, few research studies have focused on the ways in which the financial crisis and the ensuing 'Great Recession' have affected health equity, especially through their impact on social determinants of health; neither has much attention been given to the health consequences of the fiscal austerity regime that quickly followed a brief period of counter-cyclical government spending for bank bailouts and economic stimulus. Canada has not remained insulated from these developments, despite its relative success in maneuvering the global financial crisis. The study draws on three sources of evidence: A series of semi-structured interviews in Ottawa and Toronto, with key informants selected on the basis of their expertise (n = 12); an analysis of recent (2012) Canadian and Ontario budgetary impacts on social determinants of health; and documentation of trend data on key social health determinants pre- and post the financial crisis. The findings suggest that health equity is primarily impacted through two main pathways related to the global financial crisis: austerity budgets and associated program cutbacks in areas crucial to addressing the inequitable distribution of social determinants of health, including social assistance, housing, and education; and the qualitative transformation of labor markets, with precarious forms of employment expanding rapidly in the aftermath of the global financial crisis. Preliminary evidence suggests that these tendencies will lead to a further deepening of existing health inequities, unless counter-acted through a change in policy direction. This article documents some of the effects of financial crisis and severe economic decline on health equity in Canada. However, more research is necessary to study policy choices that could mitigate this effect. Since the policy response to a similar set of

  13. Portraying the global financial crisis: Myth, aesthetics, and the city

    Meissner, M.

    2012-01-01

    From 2007 until today an intricate set of events has been unsettling the global financial markets. The naming of these incidents has been multifold, varying between a general rhetoric of economic downturn (‘crash’, ‘crunch’, ‘meltdown’, ‘hangover’) and more descriptive terminologies indicating the

  14. China's Overseas M&A in Global Economic Crisis

    Han Kang

    2009-01-01

    @@ verseas Merger and Acquisition (M&A) is not only the major means for the enterprises to expand rapid-ly and operate globally, but also the significant stra-tegic tools for acquiring advanced technotegy from other companies and seizing the market and other resources.

  15. rapid increase in precaution The global financial crisis: origin ...

    user

    2010-05-01

    May 1, 2010 ... provoked a global flight on quality, caused firms to cut back on ... despite coordinated easing of monetary policy by governments and trillions ... indicated in the scope of the study, the discussions will be based on financial .... financial investors in decision making, which would overvalue asset prices in.

  16. The Global Financial Crisis: Analysis and Policy Implications

    2009-05-12

    Ministerio de Economia y Finanzas Publicas. Instituto Nacional de Estadistica y Censos (INDEC). Utilizacion de la Capacidid Instalada en la Industria...2008 and International Monetary Fund. Global Markets Monitor. March 17, 2009. 102 Republica Argentina. Ministerio de Economia y Finanzas Publicas

  17. Just Security and the Crisis of Global Governance

    Durch, W.; Larik, J.; Ponzio, R.

    2016-01-01

    Pursuing security and justice jointly in global governance will be vital to human progress in the twenty-first century. Humanity lives and operates simultaneously in three spaces critical to contemporary life and governance: public, transactional and ecological. Failures in one space can cascade

  18. The global financial and economic crisis and the main priorities of the European Union for 2020

    Constantinescu, A.

    2013-06-01

    Full Text Available This study focuses on the global financial-economic crisis and the main priorities of the European Union for 2020. The duration of a financial economic crisis depends on the macroeconomic factors taken into account, because their representation can have multiple nuances, generated by subjective and political influences. The financial and economic crisis had a significant impact on public finances, business, jobs and families. At all levels, the decision makers in public policy will have to find ways of triggering economic dynamism, while the margin of manoeuvre in what concerns the budget is limited. As the recorded deficit in the public sector will be again under control, public expenditure will be such organized that the targets for 2020 are met.

  19. The European crisis and global economy dynamics: Continental enlargement versus Atlantic opening

    Mendonça António

    2014-01-01

    Full Text Available The fundamental idea we discuss in this paper is that the failure of Europe to deal with the international crisis is due, first and foremost, to the deepening of a more specific crisis that affected the very process of European integration and developed through two main channels: one, broader, linked to the erosion of the original driving forces underpinning integration in Europe; another, more circumscribed, linked to the malfunctioning of the euro as an internal adjustment mechanism of the currency zone. To deal with these structural dimensions of the crisis, we put forward a model of a Global Europe against the model of Continental Europe that has dominated the integration process until now and in this alternative framework we discuss the potential role of Portugal and of the Community of Portuguese Speaking Countries.

  20. Can Global Warming Heat Up Environmental Education?

    Mazzatenta, Claudio

    2008-01-01

    Bronx Community College (CUNY) launched "Global Warming Campus Awareness and Action Days" in celebration of Earth Day, 2007. The purpose of this program was to raise awareness of environmental issues in the college population, especially students. To let more students have a grasp of what Environmental Education (EE) is all about, the author…

  1. Mining and global environmental challenges

    Greeff, J C; Bailey-McEwan, M [Chamber of Mines of South Africa, Johannesburg (South Africa)

    1992-04-01

    At least half of South Africa's gold production is presently dependent on CFC11 an CFC12 as refrigerants in water chilling machines used in cooling the underground workings. The South African Government will ratify the revised Montreal Protocol on substances that deplete the ozone layer which will mean CFCs will have to be phased out probably by 1997. HFC134 or HFC22 are possible replacements for CFC but present costs of converting machines are high. The article goes on to discuss the contribution of CFCs and CO{sub 2} to global warming and model simulations and predictions of climate change. Likely effects of growing concern about global warming on the coal mining industry are the possible limitations on the use of coal and the increased need for clean coal technology. 12 refs., 5 figs., 3 tabs.

  2. The effects of the late 2000s global financial crisis on Australia’s construction demand

    Heng Jiang

    2013-09-01

    Full Text Available An accurate measurement of the impacts of external shocks on construction demand will enable construction industry policymakers and developers to make allowances for future occurrences and advance the construction industry in a sustainable manner. This paper aims to measurethe dynamic effects of the late 2000s global financial crisis on the level of demand in the Australian construction industry. The vector error correction (VEC model with intervention indicators is employed to estimate the external impact from the crisis on a macro-level construction economic indicator, namely construction demand. The methodology comprises six main stages to produce appropriate VEC models that describe the characteristics of the underlying process. Research findings suggestthat overall residential and non-residential construction demand were affected significantly by the recent crisis and seasonality. Non-residentialconstruction demand was disrupted more than residential construction demand at the crisis onset. The residential constructionindustry is more reactive and is able to recover faster following the crisis in comparison with the non-residential industry. The VEC model with intervention indicators developed in this study can be used as an experiment for an advanced econometric method. This can be used to analyse the effects of special eventsand factors not only on construction but also on other industries.

  3. The global food crisis : supply and demand revisited

    Sammut, Vince

    2015-01-01

    This study aims to show that the volatility in food prices between 2008 and 2011 cannot be explained merely by the market fundamentals of demand and supply. While global changes in demand and supply are bringing about radical changes to the food equation, evidence shows that market failure in the world grain market aggravated the problem. Excess liquidity, brought about by monetary growth policies after the subprime crises and financial meltdown in 2008, has stimulated speculation and hoar...

  4. The Global Financial Crisis: Analysis and Policy Implications

    2009-10-02

    tariffs and new non-tariff measures (non-automatic licenses, reference prices, etc.) affecting merchandise trade. The WTO also compiled a list of new...stores, restaurants , and bars and could cost more than 40,000 jobs. Closing the assembly line in Fremont marks the end of large-scale auto manufacturing...and the 20- City Composite is down 29.1%. March 31. The World Trade Organization (WTO) predicted that the volume of global merchandise trade would

  5. The Global Financial and Economic Crisis: Analysis and Policy Implications

    2009-02-20

    Takeover Plan. Bloomberg. October 21, 2008 and Latin American Monitor: Southern Cone. January 2009. 77 Republica Argentina. Ministerio de Economia y...Finanzas Publicas. Instituto Nacional de Estadistica y Censos. Intercambio Comercial Argentino. Buenos Aires, January 28, 2009. 78 Global Insight...fund a rescue of Bank of America which guarantees $118 billion in troubled assets. January 6. Chile announced a $4 billion stimulus package

  6. The global financial crisis and health: scaling up our effort.

    Labonté, Ronald

    2009-01-01

    Economic events of the past year are beginning to create hardships for tens of thousands of Canadians. There are likely to be health effects as well, to the extent that unemployment and poverty rates rise. Conditions, however, will be much worse for those living in poorer countries. High-income countries are committing trillions of dollars in countercyclical spending and banking bail-outs. Poorer countries need to do the same, but lack the resources to do so. Yet foreign aid and fairer trade are widely expected to be among the first high-income country victims of the recession fallout as nations turn inwards and protectionist. This is neither good for global health nor necessary given the scale of untaxed (or unfairly taxed) wealth that could be harnessed for a truly global rescue package. Policy choices confront us. The Canadian public health community must hold our political leadership accountable for making those choices that will improve health globally and not further imperil the well-being of much of the world's population in efforts to secure our own future economic revival.

  7. Trade Policies and the Changing Patterns of Protectionism during the Global Financial and Economic Crisis

    Agnes Ghibuțiu

    2012-01-01

    Full Text Available The Great Recession of 2008–09 provided a fertile ground for protectionist pressures to increase. It caused a negative shock to the global economy that is comparable with the Great Depression of the 1930s. International trade suffered a historical collapse in 2009, but trade flows quickly rebounded thereafter. And unlike the Great Depression of the 1930s, the recent global economic contraction did not trigger a massive wave of protectionism as expected. Despite important adjustments in many countries’ trade policies during the crisis and, hence, a quite notable increase in the incidence of protectionist measures, there is a widely shared belief that crisis related protectionism has been kept under control, being rather modest and limited compared with both the negative effects of the crisis and the initial concerns. A large agreement emerged also among analysts on the important role of WTO’s multilateral rules and disciplines in preventing exacerbation of economic nationalism and protectionism. The views on intensity, dynamics and potential impact of current contemporary protectionism continue, however, to diverge as they reflect in part the significant differences between the results of the different monitoring exercises, carried out particularly by the WTO and Global Trade Alert. But beyond these differences, the latest monitoring reports contain alarming signs of escalating protectionism over the post-crisis years due to the growing difficulties in the world economy. This paper takes a look at the main trends in global protectionism during and after the crisis and some of its potential implications. In doing so, the paper starts by contrasting protectionism that accompanied the Great Depression of the 1930s with the present-day protectionist phenomenon in order to briefly outline the peculiarities of the latter. Then it addresses the main factors contributing to staving off trade protectionism during the recent crisis. Relying on the

  8. GLOBALIZATION AND MASS-MEDIA IN THE CONTEXT OF ECONOMIC CRISIS

    Burtic Daniel

    2012-07-01

    Full Text Available Globalization is a reality that we cannot deny or run away from. The economic, political or social issues, even if they have a starting point, spread very quickly, covering large areas in a very short time. Modern communication systems enable crisis transfer. They also bring us information about the actions that have been taken in order to overcome those critical circumstances. Does recession have positive aspects, too? If it has, what are these positive aspects and how can they be used to produce highest benefits? We will try to describe the concepts we maintain by means of some notorious works written by authors with a vast experience, some of them being Noble Prize winners. The idea that we propose is to bring hope out of this situation generated by crisis and globalization. The economic crisis has created a huge opportunity to the mass-media system: it brings the required information to citizens from different nations. Taking this into account, mass-media has played and still plays an important part in making the people involved find solutions and communicate whenever the decision makers are trying to hide facts. With the help of innovation and transformation, let’s look for solutions to develop our abilities, relationships, products, markets and results. We should never forget that the greatest and most impressive changes are often born in times of crisis.

  9. Global crisis and the Europe-Latin America migration system

    Susana M. Sassone

    2014-09-01

    Full Text Available This article discusses some of the changes in the connections of the European-Latin American migration system over the past decades. First, we analyse the changing trends and re-routing of the flows between the two ends of the system. Then, we address the complex rearrangements of immigration policies, which in both spaces are again beginning to turn inwards. Lastly, we briefly review the partnerships that are being established between Europe and Latin America via Spain. Within this framework, we wonder whether we are entering a new phase of the globalisation of migration, the dynamic of which is a pendulum with global and regional effects.

  10. Limits of policy intervention in a world of neoliberal mechanism designs: Paradoxes of the global crisis

    Dymski Gary A.

    2011-01-01

    Full Text Available The current global context poses several paradoxes: the recovery from the 2009 recession was not a recovery; investment, normally driven by profit rates, is lagging and not leading economic activity; the crisis is global but debate involves sub-global levels; and public safety-nets, which have helped to stabilize national income, are being cut. These paradoxes can be traced, in part, to the impact of the “truce” that followed the Keynesian-Monetarist controversy on economists’ ideas about policy activism. This implicit “truce” has removed activist macro policy from discussion, and shifted attention toward institutions as mechanisms for solving game-theoretic coordination problems. Policy activism then centers on how the “agents” (nations can achieve optimal use of their available resources (or optimal access to resources at the global level; and this involves creating and fine-tuning compacts - neoliberal mechanism designs - that can capture rents and attract globally mobile capital. This approach leads economists to see the key problem in the current global crisis as fixing broken neoliberal mechanisms. However, a global economy dominated by mechanisms that feed on aggregate demand without generating it faces the prospect of stagnation or collapse.

  11. The global financial crisis: Is there any contagion between real estate and equity markets?

    Hui, Eddie Chi-man; Chan, Ka Kwan Kevin

    2014-07-01

    This study examines contagion across equity and securitized real estate markets of Hong Kong, US and UK during the global financial crisis by the Forbes-Rigobon, coskewness and cokurtosis tests. In particular, this is the first study to use the cokurtosis test to examine contagion between real estate and equity markets. The results show that the cokurtosis test can detect additional channels of contagion, and hence is a more powerful test. In contrary to Fry et al. (2010), we find that the cokurtosis test shows a highly significant evidence of contagion between the equity and real estate markets in both directions. In particular, the contagion between US's equity and real estate markets is the most significant. This reflects that US is the centre of shock of the global financial crisis.

  12. Stability and change in political conservatism following the global financial crisis.

    Milojev, Petar; Greaves, Lara; Osborne, Danny; Sibley, Chris G

    2015-01-01

    The current study analyzes data from a national probability panel sample of New Zealanders (N = 5,091) to examine stability and change in political orientation over four consecutive yearly assessments (2009-2012) following the 2007/2008 global financial crisis. Bayesian Latent Growth Modeling identified systematic variation in the growth trajectory of conservatism that was predicted by age and socio-economic status. Younger people (ages 25-45) did not change in their political orientation. Older people, however, became more conservative over time. Likewise, people with lower socio-economic status showed a marked increase in political conservatism. In addition, tests of rank-order stability showed that age had a cubic relationship with the stability of political orientation over our four annual assessments. Our findings provide strong support for System Justification Theory by showing that increases in conservatism in the wake of the recent global financial crisis occurred primarily among the poorest and most disadvantaged.

  13. China's energy consumption under the global economic crisis: Decomposition and sectoral analysis

    Li, Fangyi; Song, Zhouying; Liu, Weidong

    2014-01-01

    It is now widely recognized that there is a strong relationship between energy consumption and economic growth. Most countries′ energy demands declined during the economic depression of 2008–2009 when a worldwide economic crisis occurred. As an export-oriented economy, China suffered a serious exports decline in the course of the crisis. However, it was found that energy consumption continued to increase. Against such a background, this paper aims to assess and explain the factors causing the growth of energy consumption in China. First, we will explain the impact of domestic final use and international trade on energy consumption by using decomposition analysis. Second, embodied energy and its variation across sectors are quantified to identify the key sectors contributing to the growth. Lastly, the policy implications for long-term energy conservation are discussed. The results show that the decline in exports was one of the driving forces for energy consumption reduction in the crisis, but that the growth of domestic demand in manufacturing and construction, largely stimulated by economic stimulus plans, had the opposite effect on energy consumption. International trade contributed to decreasing energy consumption of China during and after the crisis because the structure of exports and imports changed in this period. - Highlights: • We analyze the reasons for China's energy consumption change under the global economic crisis during 2007–2010. • Domestic final use growth, especially in construction and manufacturing of machinery and equipment, resulted in energy consumption increase. • International trade is identified as a driver of energy consumption reduction during and after the crisis. • Increasing China's share of consumption or reducing its share of investment in the GDP can reduce national energy intensity

  14. INDUSTRIAL REGIONS OF RUSSIA IN THE CONDITIONS OF THE GLOBAL ECONOMIC CRISIS

    B.L. Kuznetsov

    2009-09-01

    Full Text Available This article considers reasons and consequences of the global economic crisis from the point of view of Russian regions development. The focus of an article is on the socio-economic situation of the Republic of Tatarstan – the territory with a large machine-building industry. Authors explain a need for the clear and efficient industrial policy both at the federal and regional levels of government. It should be oriented for the innovative development, resource saving and import replacement.

  15. Fashioning a New Regime for Agricultural Trade: New Issues and the Global Food Crisis

    Thomas J. Schoenbaum

    2011-01-01

    This article examines the impact of issues such as the global food crisis, export controls on agricultural products, and food security on the agricultural trade negotiations currently underway in connection with the Doha Development Agenda convened by the World Trade Organization (WTO) in 2001. These important issues, which were not foreseen when the negotiations began, must now be squarely faced. Many international organizations, such as the United Nations, the International Monetary Fund, t...

  16. Volatility in financial markets: The impact of the global financial crisis

    Valls Ruiz, Natàlia

    2014-01-01

    This dissertation focuses on volatility in financial markets, with a special concern for: (i) volatility transmission between different financial markets and asset categories and, (ii) the effect of macroeconomic announcements on the returns, volatility and correlation of stock markets. These issues are analysed taking into account the phenomenon of asymmetric volatility and incorporating the period of financial turmoil caused by the Global Financial Crisis. The study focuses the attention on...

  17. Financial Integration of European Money Market: from EMU to the Global Crisis and Beyond

    Avadanei Andreea; Avadanei Anamaria; Ghiba Nicolae

    2010-01-01

    The scope of this article is to illustrate the general issues relevant for understanding the implications of the global crisis on European money market integration. We structured our paper on chapters that present the evolution of the considered market from the launch of euro until the financial turmoil, its main features in the actual context, and the central banks response to the rising tensions on the money market. Given its function of channeling funds to enable banks to cover their most ...

  18. Global Financial and Economic Crisis and the EU Economic Governance Failure – Evidence From Spain

    Iulia Monica Oehler-Șincai

    2012-10-01

    Full Text Available The process of public sector restructuring, known in the economic literature as the New Public Management (NPM, came to a deadlock as the global financial and economic crisis broke out in 2008. The expansion of cheap credit, market dereglementation and asset securitization, speculative bubbles, the mixture of euphoria, greed and even naivety and ignorance of the economic players outlined an international financial system which was not subordinated any more to the real economy, but to the own principles, similar to Ponzi schemes or casino rules (Posner, 2011, Kindleberger and Aliber, 2011, Rajan, 2010, Stiglitz, 2010, Roubini and Mihm, 2010. All these generated, at global level, the deepest recession after the Great Depression. The anti-crisis measures came without delay, but they did not produce the expected results. At the Euro Zone level, an almost immediate and direct effect of the crisis and the accompanying countercyclical fiscal measures was that of enhancing the fiscal burden for governments. The levels of fiscal deficit and the public debt as percentages of GDP substantially increased and, gradually, another crisis broke out: the Euro Zone sovereign debt crisis. As a result, at the level of the EU governance, in order for the authorities to be able to improve it, there were adopted distinct strategies, programs and instruments. In spite of the converging efforts at the EU as well as national levels, the majority of the countries in the Euro Zone were not able to find the right formula of restarting economic growth. The present analysis brings to the forefront Spain’s experience, which represents a clear example of governance (and NPM failure, as neither the countercyclical measures adopted for the recovery, in accordance with the keynesyan principles, nor the austerity packages that followed them were not able to induce the economic growth, so essential for diminishing unemployment.

  19. THE INSTITUTIONAL INVESTORS’ BEHAVIOUR UNDER THE IMPACT OF THE GLOBAL FINANCIAL CRISIS

    PIRTEA MARILEN

    2013-02-01

    Full Text Available On the subject of financial globalization a lot of literature has been written, annalyzing all sorts of effects ithad. Still, the changes induced by globalization at the level of the financial markets are not always clear. The veritableflooding of capitals, constantly moving, created a continuous game of investment opportunities, of arbitrationpossibilities and funding sources, made institutional investors adopt various attitudes, the role of institutional investorsin the activation of capital markets being sustained by the financial globalization and the extension of multinationalfinancial groups, on one side, and by the increased performance of the share and bond markets, on the other side.By the present paper, we propose to underline the behaviour of the main institutional investors (mutual funds,pension funds and hedge funds under the impact of the current global financial crisis, the modifications whichintervened in asset assignment and investment relocation, showing that the instability generated in the global financialsystem had immediate effects on all the portfolios of institutional investors, regardless of their classificationcategory.Under conditions of capital flow increase, adjusted by the global financial crisis, the presented analysis andempirical proofs show a tendency of institutional investors’ asset reallocation on developed markets and thewithdrawal from the emergent ones.

  20. Global upstream investment faces a crisis of confidence

    Shepherd, Richard

    2001-01-01

    Offshore business appears to be in a catch-22 situation between on the one hand the interests of global economic welfare and on the other the stock market demands. The oil and gas industries need to grow the return on capital and to compete effectively with other (better performing) industries. But, the world demands more oil and very soon, and these are the issues and consequences discussed. The US government is confident that non-Opec oil supply can increase by 12.8 Mbd between now and 2020 and this is significantly more than projected in the last forecast. The article is presented under the headings of (i) value creation paradigm; (ii) spelling it out for 2001 and (iii) big projects, long lead times. Diagrams show (a) world oil demand 1971-2020; (b) fractional change in Brent prices 1986-2001 and (c) wells drilled and annual production in Prudhoe bay 1974-2010. Figures for the International Energy Agency forecast for both Opec and non-Opec countries are mentioned

  1. GLOBAL FINANCIAL CRISIS AND AGRARIAN HOUSEHOLDS' INCOME, REMITTANCE AND PRICES IN RURAL NIGERIA AMID POLICY RESPONSES

    Mmaduabuchukwu Mkpado

    2012-06-01

    Full Text Available The recent global financial crisis affected almost all aspect of human life. This paper explored effects of the global financial crisis on farmers' income, remittance and prices of food staples and highlighted certain government policy responses. The study was conducted in Nigeria. Secondary data were used. Data were analyzed using descriptive statistics, equivalent variation and Shannon index analysis. Results showed the global financial crisis affected the agrarian households/sector in Nigeria. The increase in prices meant more nominal income to farmers but grossly reduced their welfare due to decrease in real income as result of high inflation trend. Recommendations include that government should continue to sustain agrarian programs aimed at helping poor farmers to increase their capacity in production to meet the growing demand and changes. In both cases, the disturbed age structure has a reverse effect on the movement of the population (the size of reproductive contingent, but also to all other structures of the population (the size of contingent employment, population, compulsory school contingent, contingent dependent population ratio. Rating natural conditions aimed at separation of homogenous territorial units with some degree of benefits and limitations types of economic development.

  2. Through the Looking Glass of Global Constitutionalism and Global Administrative Law : Different Stories About the Crisis in Global Water Governance?

    M. Ambrus (Mónika)

    2013-01-01

    textabstractIn addition to (or sometimes rather than primarily) attribut- ing it to water scarcity, water crisis has been described as a ‘crisis of governance’; with the word ‘crisis’ also indicating that water governance lacks (full) legitimacy. The article undertakes the task to analyse the

  3. Environmental Upgrading in Global Value Chains

    Poulsen, René Taudal; Ponte, Stefano; Sornn-Friese, Henrik

    2018-01-01

    Ports are crucial hubs in the functioning of the global economy, and maritime transport is a major emitter of air pollutants. Ports have considerable potential for promoting environmental upgrading in maritime transport and along global value chains more generally, but so far have been only...... partially successful in doing so. We examine results, limitations and future potential of voluntary initiatives that have been carried out by selected European and North American port authorities, which are considered frontrunners in environmental management. Drawing from the insights of global value chain...... their organizational and physical boundaries: by lowering tool implementation complexity through stronger collaboration within global value chains; and by enhancing emission visibility through alliances with cargo-owners and regulators....

  4. Global analysis of crisis in twin-well Duffing system under harmonic excitation in presence of noise

    Xu Wei; He Qun; Fang Tong; Rong Haiwu

    2005-01-01

    Evolution of a crisis in a twin-well Duffing system under a harmonic excitation in presence of noise is explored in detail by the generalized cell mapping with digraph (GCMD in short) method. System parameters are chosen in the range that there co-exist chaotic attractors and/or chaotic saddles, together with their evolution. Due to noise effects, chaotic attractors and chaotic saddles here are all noisy (random or stochastic) ones, so is the crisis. Thus, noisy crisis happens whenever a noisy chaotic attractor collides with a noisy saddle, whether the latter is chaotic or not. A crisis, which results in sudden appear (or dismissal) of a chaotic attractor, together with its attractive basin, is called a catastrophic one. In addition, a crisis, which just results in sudden change of the size of a chaotic attractor and its attractive basin, is called an explosive one. Our study reveals that noisy catastrophic crisis and noisy explosive crisis often occur alternatively during the evolutionary long run of noisy crisis. Our study also reveals that the generalized cell mapping with digraph method is a powerful tool for global analysis of crisis, capable of providing clear and vivid scenarios of the mechanism of development, occurrence, and evolution of a noisy crisis

  5. The evolution of corporate governance in the global financial crisis: the case of Russian industrial firms

    Ichiro Iwasaki

    2016-12-01

    Full Text Available In this paper, using a unique dataset of industrial firms obtained from enterprise surveys conducted across the Russian Federation in 2005 and 2009, we trace back structural changes in the corporate governance system before and after the global financial crisis. We also empirically examine the impacts of the crisis on the organization of boards of directors and audit systems. Our survey results reveal that, in the Russian industrial sector, the quality of corporate governance has been improved through the crisis. Furthermore, we found that, corresponding to the alignment hypothesis, in firms that decisively reformed their management and supervisory bodies in response to the 2008 financial shock, the total number of worker representative directors significantly declined, as did their proportion to all board members. On the other hand, we also found that, in firms that substantially reorganized their audit system to cope with the crisis, the independence of the audit system was undermined remarkably, corresponding to the expropriation hypothesis. Findings that management behaviors predicted by the two conflicting hypotheses are simultaneously detected—and that their targets are significantly different—deserve special mention.

  6. Impacts of the Global Crisis Period 2007- 2010 on the Automotive Industry in the Czech Republic

    Sedlacek Marek

    2013-06-01

    Full Text Available The main aim of this article was to analyse the possible intensity of dependency of the Czech Republic, or more precisely, its total economic indicator Gross Domestic Product on realized Sales sector of the automotive industry before crisis, during the crisis period (2007-2010 as well as after the crisis. There was also used the development analysis of individual total economic indicators in the Czech automotive industry in time. On the other hand, in the article there were found and analysed impacts of the global recession on the functioning of several chosen companies associated in the Automotive Industry Association of the Czech Republic at their interaction with this way developed macroeconomic surroundings. The investigation was based on the development of company result indicator value (Sales of the selected companies and the chosen macro indicator (Gross Domestic Product when looking for their reciprocal dependency in the period mainly connected with the financial and economic crisis. In the contribution, an elementary analysis of the chosen indicator Sales was carried out. With the help of regress and correlation analysis there were further researched the relationships among this chosen indicator of company performance reciprocally with all the companies, the Automotive Industry Association of the Czech Republic as a whole, and the chosen macro-indicator representing the development of selected markets. For the following calculation of tested criteria, Cohen’s Coefficient was used to be able to assess the effect of the group on the value variability of studied random quantity.

  7. The Role of Therapy Education of Islamic Meaning to Overcome Today’s Global Human Crisis

    Nina Aminah

    2016-02-01

    Full Text Available Modern community are exposed to current issues related to the very complex personality. Islam offers a therapeutic meaning to overcome the global human crisis through the holy Qu’ran. This study aims to provide a qualitative analysis of logotherapy alternative to global human who experience critical conditions such as the door of death (sakaratul maut, acute illnesses, HIV Aids, kidney illness, stroke, coma, depression / stress, due to the hazards, and other refractory disease. The study showed that the therapy of Islamic meaning based on the holy Qur’an is broader and more comprehensive than the meaning therapy by Viktor E. Frankl.

  8. Adaptation of the tourism in Romania to the new economic context imposed by the global economic crisis (in 2010

    Silvia IFTIME

    2013-01-01

    Full Text Available The global economic crisis affected the tourist market from Romania since 2008. 2010 was for the Romanian tourism enterprises the year of successful attempts to respond to the economic and social stimuli imposed by the economic crisis. The way in which they managed to cope with the crisis shows that solutions are available to those who adapt to the conditions of fierce competition.The global economic crisis rippled its effects in all areas of activity, tourism included. Some field entrepreneurs consider that tourism will be the most affected sector of services by this crisis because the consumers will leave it at the bottom of the basket of consumption goods and services.

  9. Global environmental technologies in the future

    Takahashi, M.

    1994-01-01

    This paper outlines the activities of New Energy and industrial Technology Development Organization's (NEDO) 'Research and Development of Industrial Technology' projects which are related to global environmental technologies. Then, it describes four new material programs and two biotechnology ones, and presents a list of a few environmentally-friendly technologies. These national projects are carried out by private companies which are consigned by NEDO in conformity with MITI's fundamental Research and Development policy. (TEC)

  10. Future generations, environmental ethics, and global environmental change

    Tonn, B.E.

    1994-12-31

    The elements of a methodology to be employed by the global community to investigate the consequences of global environmental change upon future generations and global ecosystems are outlined in this paper. The methodology is comprised of two major components: A possible future worlds model; and a formal, citizen-oriented process to judge whether the possible future worlds potentially inheritable by future generations meet obligational standards. A broad array of descriptors of future worlds can be encompassed within this framework, including survival of ecosystems and other species and satisfaction of human concerns. The methodology expresses fundamental psychological motivations and human myths journey, renewal, mother earth, and being-in-nature-and incorporates several viewpoints on obligations to future generations-maintaining options, fairness, humility, and the cause of humanity. The methodology overcomes several severe drawbacks of the economic-based methods most commonly used for global environmental policy analysis.

  11. East Asian perspective on global environmental problems

    Yonehara, M.

    1995-01-01

    The Central Research Institute of Electric Power Industry has been conducting active global warming research programs focusing on development of a method to forecast climate change accompanying global warming both globally and in East Asia. A regional climate change forecasting method is being developed and researches are conducted on impacts of climate change on the natural and social environment in East Asia. Researches are also conducted focusing on the relationship between emissions and deposition of acid substances and assessment of the environmental impacts of acid rain in East Asia. 4 figs

  12. A framework and methodology for navigating disaster and global health in crisis literature.

    Chan, Jennifer L; Burkle, Frederick M

    2013-04-04

    Both 'disasters' and 'global health in crisis' research has dramatically grown due to the ever-increasing frequency and magnitude of crises around the world. Large volumes of peer-reviewed literature are not only a testament to the field's value and evolution, but also present an unprecedented outpouring of seemingly unmanageable information across a wide array of crises and disciplines. Disaster medicine, health and humanitarian assistance, global health and public health disaster literature all lie within the disaster and global health in crisis literature spectrum and are increasingly accepted as multidisciplinary and transdisciplinary disciplines. Researchers, policy makers, and practitioners now face a new challenge; that of accessing this expansive literature for decision-making and exploring new areas of research. Individuals are also reaching beyond the peer-reviewed environment to grey literature using search engines like Google Scholar to access policy documents, consensus reports and conference proceedings. What is needed is a method and mechanism with which to search and retrieve relevant articles from this expansive body of literature. This manuscript presents both a framework and workable process for a diverse group of users to navigate the growing peer-reviewed and grey disaster and global health in crises literature. Disaster terms from textbooks, peer-reviewed and grey literature were used to design a framework of thematic clusters and subject matter 'nodes'. A set of 84 terms, selected from 143 curated terms was organized within each node reflecting topics within the disaster and global health in crisis literature. Terms were crossed with one another and the term 'disaster'. The results were formatted into tables and matrices. This process created a roadmap of search terms that could be applied to the PubMed database. Each search in the matrix or table results in a listed number of articles. This process was applied to literature from PubMed from

  13. The Evolution of Foreign Exchange Markets in the Context of Global Crisis

    Mariana Trandafir

    2011-12-01

    Full Text Available The FX market is the world’s largest financial market. The global financial systeminvolves effective and efficient exchange of currencies. Corporations and investors participate in themarket for operational needs: to reduce risk by hedging currency exposures; to convert their returnsfrom international investments into domestic currencies and to make cross-border investments andraise finance outside home markets. Central banks participate in the market. This paper analyzesforeign exchange marketsactivity before and under the condition the global crisis. The method ofresearch is the comparative analysis used on the global and European level. The research is importantand actual because it reveals the changeswhich have defined a new paradigm forthe foreignexchange marketsand which contributed to the increasing of the global foreign exchange marketturnover during the global crisis. The main conclusion of the paper is that the innovativedevelopments in electronic trading technology and institutional trading arrangements are behind theevolution of the foreign exchange markets. The analysis is supported by statistical tables and uses therecent officialBank for International Settlements and European Central Bank statistic databases.

  14. Analyzing the impact of global financial crisis on the interconnectedness of Asian stock markets using network science

    Jitendra Aswani

    2015-01-01

    As importance of Asian Stock Markets (ASM) has increased after the globalization, it is become significant to know how this network of ASM behaves on the onset of financial crises. For this study, the Global Financial Crisis is considered whose origin was in the developed country, US, unlike the Asian crisis of 1997. To evaluate the impact of financial crisis on the ASM, network theory is used as a tool here. Network modeling of stock markets is useful as it can help to avert the spillover of...

  15. The impact on chinese economic growth and energy consumption of the Global Financial Crisis: An input-output analysis

    Yuan, Chaoqing; Liu, Sifeng; Xie, Naiming

    2010-01-01

    The dependence on foreign trade increased sharply in China, and therefore Chinese economy is obviously export-oriented. The Global Financial Crisis will impact the Chinese economic growth violently. Chinese government has recently adopted some effective measures to fight against the Global Financial Crisis. The most important measure is the 4 trillion Yuan ($586 billion) stimulus plan which was announced on November 9, 2008. This paper discusses the influence on energy consumption and economic growth of Global Financial Crisis and the stimulus plan against it by input-output analysis. The results show that the fall of exports caused by the Global Financial Crisis will lead to a decrease of 7.33% in GDP (Gross Domestic Production) and a reduction of 9.21% in energy consumption; the stimulus plan against the Global Financial Crisis will lead to an increase of 4.43% in economic growth and an increase of 1.83% in energy consumption; In the Global Financial Crisis, energy consumption per unit GDP will fall in China. (author)

  16. EDITORIAL: Where next with global environmental scenarios? Where next with global environmental scenarios?

    O'Neill, Brian; Pulver, Simone; Van Deveer, Stacy; Garb, Yaakov

    2008-12-01

    Scenarios have become a standard tool in the portfolio of techniques that scientists and policy-makers use to envision and plan for the future. Defined as plausible, challenging and relevant stories about how the future might unfold that integrate quantitative models with qualitative assessments of social and political trends, scenarios are a central component in assessment processes for a range of global issues, including climate change, biodiversity, agriculture, and energy. Yet, despite their prevalence, systematic analysis of scenarios is in its beginning stages. Fundamental questions remain about both the epistemology and scientific credibility of scenarios and their roles in policymaking and social change. Answers to these questions have the potential to determine the future of scenario analyses. Is scenario analysis moving in the direction of earth system governance informed by global scenarios generated through increasingly complex and comprehensive models integrating socio-economic and earth systems? Or will global environmental scenario analyses lose favour compared to more focused, policy-driven, regionally specific modelling? These questions come at an important time for the climate change issue, given that the scenario community, catalyzed by the Intergovernmental Panel on Climate Change (IPCC), is currently preparing to embark on a new round of scenario development processes aimed at coordinating research and assessment, and informing policy, over the next five to ten years. These and related questions about where next to go with global environmental scenarios animated a workshop held at Brown University (Note1) that brought together leading practitioners and scholars of global environmental change scenarios from research, policy-making, advocacy, and business settings. The workshop aimed to provide an overview of current practices/best practices in scenario production and scenario use across a range of global environmental change arenas. Participants

  17. The Political Ecology of Austerity : An Analysis of Socio-environmental Conflict under Crisis in Greece

    Calvário, R.; Velegrakis, G.; Kaika, M.

    2017-01-01

    The paper focuses on two largely understudied and interrelated aspects of the post-2008 economic crisis: how the politics of austerity influences the dynamics of environmental conflict and how the environment is mobilized in subaltern struggles against the normalization of austerity as the hegemonic

  18. International Cooperation and Energy/Environment crisis

    Clo, A.

    2009-01-01

    A combination of old and new tensions led to a new energy crisis. This crisis is very difficult to solve due to the multiple interests and the global and sovranational nature of its interdependent dimensions (economic, political and environmental). In a deep global economic crisis context, the challenges posed to the modern world by energy and the environment have to be faced with the international cooperation and dialogue, as it was in the past. [it

  19. IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE CREDIT RISK MANAGEMENT IN A BANK

    Jerzy Piotr Gwizdała

    2016-06-01

    Full Text Available The main purpose of this article is to present the role of risk in the activity of a commercial bank with particular reference to the global financial crisis. The introductory part presents the origins of economic crises, especially the contemporary crisis from 2007-2010, which began in the United States subprime mortgage market. Dating back to the 1831, considerations allow to undetstand the causes of the crises. Then the impact of the global financial crisis on the scale of the crediting activities of banks in Poland was analyzed, presenting a credit portfolio structure, with a particular focus on the structure of loans to households and enterprises. In the second part of the article the process of credit risk management was discussed, paying attention to the crucial role of the bank's credit policy, and the conditions and prospects of commercial bank credit activity development were specified. It presents also the criteria for the proper credit management, indicating as the optimal solution the development of the so-called „credit textbook”.

  20. Pharmaceutical policies in European countries in response to the global financial crisis.

    Vogler, Sabine; Zimmermann, Nina; Leopold, Christine; de Joncheere, Kees

    2011-12-01

    The objective of this paper is to analyze which pharmaceutical policies European countries applied during the global financial crisis. We undertook a survey with officials from public authorities for pharmaceutical pricing and reimbursement of 33 European countries represented in the PPRI (Pharmaceutical Pricing and Reimbursement Information) network based on a questionnaire. The survey was launched in September 2010 and repeated in February 2011 to obtain updated information. During the survey period from January 2010 to February 2011, 89 measures were identified in 23 of the 33 countries surveyed which were implemented to contain public medicines expenditure. Price reductions, changes in the co-payments, in the VAT rates on medicines and in the distribution margins were among the most common measures. More than a dozen countries reported measures under discussion or planned, for the remaining year 2011 and beyond. The largest number of measures were implemented in Iceland, the Baltic states (Estonia, Latvia, Lithuania), Greece, Spain and Portugal, which were hit by the crisis at different times. Cost-containment has been an issue for high-income countries in Europe - no matter if hit by the crisis or not. In recent months, changes in pharmaceutical policies were reported from 23 European countries. Measures which can be implemented rather swiftly (e.g. price cuts, changes in co-payments and VAT rates on medicines) were among the most frequent measures. While the "crisis countries" (e.g. Baltic states, Greece, Spain) reacted with a bundle of measures, reforms in other countries (e.g. Poland, Germany) were not directly linked to the crisis, but also aimed at containing public spending. Since further reforms are under way, we recommend that the monitoring exercise is continued.

  1. The environmental policy in Mexico: Crisis and perspectives; La politica ambiental en Mexico: Crisis y perspectivas

    Urquidi, Victor [Colegio de Mexico, Mexico, D. F. (Mexico)

    1996-12-31

    In this paper some aspects of the environmental situation in Mexico are condensed. The main roll performed by the modality of the energy resources consumption and the evolution of the environmental policy in Mexico from 1971 to 1996 is analyzed. It is concluded that in Mexico it has not been able to define the environmental policy in all its extension requiring, therefore, a greater participation of all the sectors to protect Nature and fight against the industrial and municipal pollution [Espanol] En esta ponencia se resumen algunos aspectos de la situacion ambiental actual de Mexico. Se analiza el papel central desempenado por la modalidad del consumo de energeticos y la evolucion de la politica ambiental en Mexico desde 1971 hasta 1996. Se concluye en que la politica ambiental en Mexico no se ha podido definir todavia en todos sus alcances por lo que se requiere una mayor participacion de todos los sectores para proteger la naturaleza y combatir la contaminacion industrial y municipal

  2. The environmental policy in Mexico: Crisis and perspectives; La politica ambiental en Mexico: Crisis y perspectivas

    Urquidi, Victor [Colegio de Mexico, Mexico, D. F. (Mexico)

    1997-12-31

    In this paper some aspects of the environmental situation in Mexico are condensed. The main roll performed by the modality of the energy resources consumption and the evolution of the environmental policy in Mexico from 1971 to 1996 is analyzed. It is concluded that in Mexico it has not been able to define the environmental policy in all its extension requiring, therefore, a greater participation of all the sectors to protect Nature and fight against the industrial and municipal pollution [Espanol] En esta ponencia se resumen algunos aspectos de la situacion ambiental actual de Mexico. Se analiza el papel central desempenado por la modalidad del consumo de energeticos y la evolucion de la politica ambiental en Mexico desde 1971 hasta 1996. Se concluye en que la politica ambiental en Mexico no se ha podido definir todavia en todos sus alcances por lo que se requiere una mayor participacion de todos los sectores para proteger la naturaleza y combatir la contaminacion industrial y municipal

  3. Dynamics of Romanian Tourism in European Tourism in the Global Crisis. Facts and Perspectives

    Laura Olteanu

    2011-04-01

    Full Text Available Development of tourism as part of the service activity contributes to the development ofnational economy and hence to the development of European tourism. If tourist industry can cover asignificant share of GDP, can cover and reduce unemployment by providing jobs in this field.Economic and financial crisis influences tourism and consumer behavior of tourism services. Thedynamics of Romanian tourism in European tourism in the global crisis - facts and perspectivesprovide a comparative image of tourism in Romania among other European countries, giving anoverview of the indicators analyzed in the perspective of marketing research. Tourism activity shouldbe followed not only in terms of existing realities, but also in terms of real opportunities that canprovide an insight into the field. To know our direction we need to know our coordinates and ourpotentials. Policies and strategies applied may also determine the future development of tourism.

  4. Pathogens, prejudice, and politics: the role of the global health community in the European refugee crisis.

    Khan, Mishal S; Osei-Kofi, Anna; Omar, Abbas; Kirkbride, Hilary; Kessel, Anthony; Abbara, Aula; Heymann, David; Zumla, Alimuddin; Dar, Osman

    2016-08-01

    Involuntary migration is a crucially important global challenge from an economic, social, and public health perspective. The number of displaced people reached an unprecedented level in 2015, at a total of 60 million worldwide, with more than 1 million crossing into Europe in the past year alone. Migrants and refugees are often perceived to carry a higher load of infectious diseases, despite no systematic association. We propose three important contributions that the global health community can make to help address infectious disease risks and global health inequalities worldwide, with a particular focus on the refugee crisis in Europe. First, policy decisions should be based on a sound evidence base regarding health risks and burdens to health systems, rather than prejudice or unfounded fears. Second, for incoming refugees, we must focus on building inclusive, cost-effective health services to promote collective health security. Finally, alongside protracted conflicts, widening of health and socioeconomic inequalities between high-income and lower-income countries should be acknowledged as major drivers for the global refugee crisis, and fully considered in planning long-term solutions. Copyright © 2016 Elsevier Ltd. All rights reserved.

  5. THE IMPACT OF THE FINANCIAL AND ECONOMIC GLOBAL CRISIS OVER THE ROMANIAN BANKING SYSTEM

    Ciobanu (Sireteanu Elena

    2011-12-01

    Full Text Available This paper analyzes the evolution of the Romanian banking system during 2007 - 2010 compared to the same segment of financial market dynamics in the Member States. Also seeks to detect the effects of the global financial and economic crisis on lending activity, the management of liquidity risk and thereby the effect on the profitability of the Romanian banking sector and outline the prospects of further development. The macroeconomic and financial international background has undergone negative changes, especially in the autumn of 2008. Romania's financial system has evolved but strongly marked by the virulent manifestations of global financial and economic crisis. The banking system which is the dominant component in the financial system is well capitalized, has resisted, until now, these pressures, without recording any bankruptcy. As a lending crunch from the increase in provision expenses, against the backdrop of bad loans it seems to be a poor performance of the banking system for the future period, taking into account the negative financial result recorded at the end of 2010. Given the high degree of capitalization, liquidity level indicators, on this, consider that local banks are well placed to support the real economy on long-term lending conditions imposed by prudential regulations in the field. Currently, at the level of the Romanian banking system, we consider it is necessary to continue the measures imposed by the monetary authority to ensure the reduction of uncertainty and reassure market participants in future developments, as trust is the essential factor for the crisis. In this sense, we consider very important the debate, the direct involvement of representatives of the central bank and academic themes reflecting the current state of the Romanian financial system, lessons learned from the crisis and Romania's objectives for the future - providing a sustainable process of nominal and real convergence of the Romanian economy

  6. Syndromes of the global water crisis - exploring the emergent dynamics through socio-hydrological modeling

    Kuil, Linda; Levy, Morgan; Pavao-Zuckerman, Mitch; Penny, Gopal; Scott, Christopher; Srinivasan, Veena; Thompson, Sally; Troy, Tara

    2014-05-01

    There is a great variety of human water systems at the global scale due to the types and timing of water supply/availability, and the high diversity in water use, management, and abstraction methods. Importantly, this is largely driven by differences in welfare, social values, institutional frameworks, and cultural traditions of communities. The observed trend of a growing world population in combination with changing habits that generally increase our water consumption per capita implies that an increasing number of communities will face water scarcity. Over the years much research has been done in order to increase our understanding of human water systems and their associated water problems, using both top-down and bottom-up approaches. Despite these efforts, the challenge has remained to generalize findings beyond the areas of interests and to establish a common framework in order to compare and learn from different cases as a basis for finding solutions. In a recent analysis of multiple interdisciplinary subnational water resources case studies, it was shown that a suite of distinct resources utilization patterns leading to a water crisis can be identified, namely: 1) groundwater depletion, 2) ecological destruction, 3) drought-driven conflicts, 4) unmet subsistence needs, 5) resource capture by elite and 6) water reallocation to nature (Srinivasan et al., 2012). The effects of these syndromes on long-lasting human wellbeing can be grouped in the following outcomes: unsustainability, vulnerability, chronic scarcity and adaptation. The aim of this group collaboration is to build on this work through the development of a socio-hydrological model that is capable of reproducing the above syndromes and outcomes, ultimately giving insight in the different pathways leading to the syndromes. The resulting model will be distinct compared to existing model frameworks for two reasons. First of all, feedback loops between the hydrological, the environmental and the human

  7. The use of a surveillance system to measure changes in mental health in Australian adults during the global financial crisis.

    Shi, Zumin; Taylor, Anne W; Goldney, Robert; Winefield, Helen; Gill, Tiffany K; Tuckerman, Jane; Wittert, Gary

    2011-08-01

    This study aimed to describe trends in a range of mental health indicators in South Australia where a surveillance system has been in operation since July 2002 and assess the impact of the global financial crisis (GFC). Data were collected using a risk factor surveillance system. Participants, aged 16 years and above, were asked about doctor-diagnosed anxiety, stress or depression, suicidal ideation, psychological distress (PD), demographic and socioeconomic factors using Computer-Assisted Telephone Interviewing (CATI). Overall, there was a decreasing trend in the prevalence of PD between 2002 and 2009. Stress has decreased since 2004 although anxiety has increased. Comparing 2008 or 2009 (the economic crisis period) with 2005 or 2007, there was significant increase in anxiety for part-time workers but a decrease for full-time workers. There were significant differences for stress by various demographic variables. The overall prevalence of mental health conditions has not increased during the GFC. Some subgroups in the population have been disproportionately impacted by changes in mental health status. The use of a surveillance system enables rapid and specifically targeted public health and policy responses to socioeconomic and environmental stressors, and the evaluation of outcomes.

  8. Environmental roots of the late bronze age crisis.

    David Kaniewski

    Full Text Available The Late Bronze Age world of the Eastern Mediterranean, a rich linkage of Aegean, Egyptian, Syro-Palestinian, and Hittite civilizations, collapsed famously 3200 years ago and has remained one of the mysteries of the ancient world since the event's retrieval began in the late 19(th century AD/CE. Iconic Egyptian bas-reliefs and graphic hieroglyphic and cuneiform texts portray the proximate cause of the collapse as the invasions of the "Peoples-of-the-Sea" at the Nile Delta, the Turkish coast, and down into the heartlands of Syria and Palestine where armies clashed, famine-ravaged cities abandoned, and countrysides depopulated. Here we report palaeoclimate data from Cyprus for the Late Bronze Age crisis, alongside a radiocarbon-based chronology integrating both archaeological and palaeoclimate proxies, which reveal the effects of abrupt climate change-driven famine and causal linkage with the Sea People invasions in Cyprus and Syria. The statistical analysis of proximate and ultimate features of the sequential collapse reveals the relationships of climate-driven famine, sea-borne-invasion, region-wide warfare, and politico-economic collapse, in whose wake new societies and new ideologies were created.

  9. Going Global? Internationalizing Australian Universities in a Time of Global Crisis.

    Welch, Anthony

    2002-01-01

    Analyzes the past decade's internationalization of Australian universities against a backdrop of increasing globalization, particularly the expansion of global capitalism. Examines international student flows, faculty, and programs, assessing the relative presence of internationalization (mutuality and reciprocal cultural relations) versus…

  10. THE INCIDENCES OF THE GLOBAL CRISIS ON THE INTERNATIONAL TRADE IN GOODS

    Mariana MIHĂILESCU

    2012-01-01

    Full Text Available Having its origins in the excesses occurred in the Western financial system, the global crisis has affected the world economic circuit as a whole and thus its most dynamic flux: the international trade in goods. After the sharp and synchronized downturn of the transactions in 2009, the world trade in goods experienced a revival in 2010 and, again, a slowdown in growth in 2011. The emphasis on the protectionist tendencies in 2012 and the keeping of the risk factors surrounding the global economy maintain not a very optimistic perspective in this area. This paper reflects the evolution of the international trade in the current period as well as the changes occured in the hierarchy of the major retailers in the world. Also, the highlighting of the factors that caused increase and decrease oscillations to the global trade represents the main objective of this theme.

  11. Fulfilling the Kyoto protocol in Spain: A matter of economic crisis or environmental policies?

    Zafrilla, Jorge Enrique; López, Luis Antonio; Cadarso, María Ángeles; Dejuán, Óscar

    2012-01-01

    In 2008, Spain exceeded by 20.9% the CO 2 emissions allowed by the Kyoto Protocol for 2012. The financial and economic crisis has transformed these figures: as production fell so did energy demand and with it CO 2 emissions. Will the Spanish economic crisis allow Spain to fulfill its commitments? With this in mind, we have developed an extended input–output model able to forecast energy demand and compute CO 2 emissions linked to the consumption of energy goods: petroleum products, gas and coal. The results show that the crisis, and in particularly, the stagnation of the construction industry, is only one of the pillars which help to contain these emissions at −6.81%. The possibility of incorporating environmental policies, new technologies and increases in the price of crude oil in these simulations, means an even greater reduction of emissions than the impact of the crisis (−9.76%). The final result of our most pessimistic/realistic scenario is that, in 2012, Spain will exceed its CO 2 emissions, linked to the combustion of energy goods, by only 0.9%. - Highlights: ► We use an extended input–output model to forecast the evolution of CO 2 emissions. We evaluate the economic crisis impact on emissions figures (2008–2012). ► The environmental policies are introduced by considering structural trends. ► In our reference scenario, Spain exceeds Kyoto commitments only by 0.9% in 2012. ► The 16.6% emissions reduction is explained by trends (−9.8%) and crisis (−6,8%).

  12. Wage Tendency in Albania; The Reaction to the Global Economic and Financial Crisis

    Imelda Sejdini

    2011-01-01

    Full Text Available Wage of both public and private sectors is a very important source of incomes for most of the population in Albania. The importance of public sector wage policy exceeds the sector's actual share of total employment, because the level of wages in this sector is, to a certain extent, a point of reference for wages in the private sector, too. During the first transition years the wages of a great number of the employees, whose enterprises had stopped being operational, were practically a form of social support. The data for this paper are gathered from all the surveys done on wages during transition from the public sources and the institute of statistics. From these data results that the wages have increased recurrently, first of all to counter the inflationary effects and to provide a better remuneration to the employees in both sector, despite the global financial crisis. This is due to the lack of full integration in the global markets. In this paper we discuss about the wage tendency in Albania as a country in further development, exposed to the risks of the global financial crisis, and the reaction to the difficulties encountered while the country is preparing for the EU integration.

  13. The Crisis of the Existing Global Paradigm of Governance and Political Economy

    Winston P. Nagan

    2014-05-01

    Full Text Available This article seeks to underline the central challenges to world order that are outcomes of our current system of global, social, power and constitutional processes. The article outlines these major problems which it is suggested represent a crisis for the future trajectory of human survival and well-being. The paper then uses the problem of the emergence of transnational criminal activity in order to underline the limits of the current global paradigm of governance. In effect, in the criminal law context the jurisdiction of sovereign states to attack the problem of transnational crime is hedged with severe limitations. The most important of these limitations is the fact that the jurisdiction over crimes by sovereigns is limited by the territorial character of the definition of sovereignty. Thus a sovereign has a limited capacity to control and police criminal activity whose main locus of operation is generated outside of the territorial reach of the sovereign state. This essentially means that the element of global governance generates a juridical vacuum which permits organized crime to flourish outside of the boundaries of the state but at the same time, having the capacity to penetrate and corrupt the social, political and juridical processes of the sovereign state. The article explores the effort of the UN to provide some form of response to this crisis in the form of an international agreement.

  14. Global stability of phase lock near a chaotic crisis in the rf-biased Josephson junction

    Kautz, R.L.

    1987-01-01

    The global stability of phase lock in the rf-biased Josephson junction is studied through digital simulations. Global stability is determined by calculating the lifetime of the phase-locked state in the presence of thermal noise. This lifetime, the mean time required for thermal noise to induce a 2π phase slip, increases exponentially with inverse temperature in the limit of low temperatures, and the low-temperature asymptote can be parametrized in terms of an activation energy E-script and an attempt time tau 0 . The activation energy is a useful measure of global stability for both periodic and chaotic phase-locked states. The behavior of E-script and tau 0 is studied over a range of critical-current densities which take the system from a region of harmonic motion through a period-doubling cascade and into a region of phase-locked chaotic behavior which is ended by a chaotic crisis. At the crisis point, the activation energy goes to zero and the attempt time goes to infinity. The results are used to determine the optimum critical-current density for series-array voltage standards

  15. The food crisis and environmental conservation in Africa.

    Stiles, D; Brennan, R

    1986-11-01

    In spite of good rains in Africa in 1985, 30-35 million people suffered the effects of famine. Much of Africa is still dependent on food aid. The main causes of insufficient food production are land degradation--desertification--and high population growth. Distribution of the US $2.9 billion in food and non-food aid has been hampered by transport and logistical problems. The major challenge for 1986 is non-food support. Only US $460 million (15.3%) of non-food aid had been received as of March. Country profiles of Angola, Chad, Ethiopia, Mozambique, Somalia, Sudan, Lesotho, Mali, Mauritania, Niger, Rwanda, Tanzania, and Zambia show a pattern of high food assistance needs and displaced refugee populations. The 1st 6 of the group suffer from civil strife. There is some good news; e.g. Niger, which is embarking on agressive agricultural development, and Tanzania, which has enjoyed bumper crops, but the crisis is clearly far from over. Few African Governments have been willing to face the population problem; population in the area will probably continue to increase at 3% yearly. It is shown that desertification: reducing the biological potential of the land through over-exploitation, animal husbandry, and deforestation, is a wordwide problem particularly acute in Africa. Lost production totals $26 billion annually. Straightforward cost-benefit analysis of projects to halt or reverse the problem does not adequately take factors such as human attachment to the land into account. Unfortunately halting desertification does not receive the attention it should receive from donor agencies. Investment goes towards high-return projects, e.g. power dams; sugar factories, when a more careful study reveals that returns from afforestations are much more long-term. There has been increased consciousness of the long-term benefits of dryland rehabilitation, which will hopefully impact policy in the future. But since desertification is a self-accelerating process, there is a need for

  16. The impact of the global financial crisis on the structure of investment portfolios of insurance companies

    Kočović Jelena

    2011-01-01

    Full Text Available This article deals with the impact of the global financial crisis on the scale and structure of investment portfolios of insurance companies, with respect to their difference compared to other types of financial institution, which derives from the specific nature of insurance activities. The analysis includes insurance companies’ exhibited and expected patterns of behavior as investors in the period before, during, and after the crisis, considering both the markets of economically developed countries and the domestic financial market of Serbia. The direction of insurers’ investments in the post-crisis period should be very carefully examined in terms of their future implications for the insurance companies’ long-term financial health, and defined in a broader context of managing all risks to which they are exposed, taking into account the interdependence of these risks. Pertinent recommendations in this regard have arisen from research of relevant past experience and current trends, and also from an analysis and comparison of views on this subject presented by a number of authors.

  17. Factors Influencing the Profitability of Listed Indonesian Commercial Banks Before and During Financial Global Crisis

    Menur Agustini

    2012-01-01

    Full Text Available  As a country with bank-based economy, stability and soundness of its banking industry are cru-cial matters for Indonesia especially in dealing with the crisis period, such as financial global crisis which occurred in 2008. Considering the crucial impact of the crisis, this study aims to examine de-terminants of bank profitability (as the measurement of stability and soundness of banking industry before and during the crisis period. Using the Generalized Method of Moment (GMM, this study analyzes the profitability of listed commercial banks using unbalanced panel data over the period of 2002-2009. To investigate the impact of recent financial global crisis, this study uses time dummy variable to separate the pre-crisis period (2002-2006 and during the crisis period (2007-2009. Findings of this study show that in the pre-crisis period, bank-specific factors i.e. lagged profitability, bank size, bank capitalization, and diversification and external factors which are inflation and stock market-based financial development statistically and significantly affect bank's profitability. Further-more, the crisis is proven to have significant impact on the effect of inflation and stock market-based financial development toward bank profitability. Whereas, through the general model which is not separate the pre and during crisis periods, this study shows that bank-specific factors such as lagged profitability, bank size, and bank capitalization are proven to have significant effects on bank profit-ability while external factors that also have effects are bank-based financial development and bank concentration. ";} // -->activate javascript

  18. Fractal Markets Hypothesis and the Global Financial Crisis: Scaling, Investment Horizons and Liquidity

    Krištoufek, Ladislav

    2012-01-01

    Roč. 15, č. 6 (2012), 1250065-1-1250065-13 ISSN 0219-5259 R&D Projects: GA ČR GA402/09/0965 Grant - others:GA UK(CZ) 118310; SVV(CZ) 265 504 Institutional support: RVO:67985556 Keywords : fractal markets hypothesis * scaling * fractality * investment horizons * efficient markets hypothesis Subject RIV: AH - Economics Impact factor: 0.647, year: 2012 http://library.utia.cas.cz/separaty/2012/E/kristoufek-fractal markets hypothesis and the global financial crisis scaling investment horizons and liquidity.pdf

  19. Fractal Markets Hypothesis and the Global Financial Crisis: Wavelet Power Evidence

    Kristoufek, Ladislav

    2013-10-01

    We analyze whether the prediction of the fractal markets hypothesis about a dominance of specific investment horizons during turbulent times holds. To do so, we utilize the continuous wavelet transform analysis and obtained wavelet power spectra which give the crucial information about the variance distribution across scales and its evolution in time. We show that the most turbulent times of the Global Financial Crisis can be very well characterized by the dominance of short investment horizons which is in hand with the assertions of the fractal markets hypothesis.

  20. The impact of global financial crisis on audit and non-audit fees

    Alexeyeva, Irina; Svanström, Tobias

    2015-01-01

    This is the accepted and refereed manuscript to the article Purpose - The paper aims to investigate audit and non-audit fees during the global financial crisis (GFC) in an environment that is relatively sparsely regulated with regard to the provision of non-audit services. Design/methodology/approach - Audit and non-audit fees were studied during pre-GFC (2006-2007), GFC (2008-2009) and post-GFC (2010-2011) periods. Findings - During the GFC Swedish companies benefited from an increa...

  1. The Economic Theory and the Global Crisis, between Theoretical Solutions and the Economic Reality

    Nicolae MOROIANU

    2011-06-01

    Full Text Available This work aims to study the evolution of the global crisis and its impact on various areas worldwide, as well as its impact on certain decisions which have been implemented by the authorized bodies.The general framework of this analysis starts with a short review of the relevant economic movements and trends; it continues with presenting the potential solutions aimed to overcome the dark period which is currently crossed by the contemporary economy.In the same time, the authors aim to highlight the impact of the monetary policies throughput the history on the real economy, until the current period.

  2. National Institute for Global Environmental Change

    Werth, G.C.

    1992-01-01

    This document is the Semi-Annual Report of the National Institute for Global Environmental Change for the reporting period July 1 to December 31, 1991. The report is in two parts. Part I presents the mission of the Institute, examples of progress toward that mission, a brief description of the revised management plan, and the financial report. Part II presents the statements of the Regional Center Directors along with progress reports of the projects written by the researchers themselves

  3. National Institute for Global Environmental Change

    Werth, G.C.

    1992-04-01

    This document is the Semi-Annual Report of the National Institute for Global Environmental Change for the reporting period July 1 to December 31, 1991. The report is in two parts. Part I presents the mission of the Institute, examples of progress toward that mission, a brief description of the revised management plan, and the financial report. Part II presents the statements of the Regional Center Directors along with progress reports of the projects written by the researchers themselves.

  4. EFFECTIVE CRISIS MANAGEMENT FOR ISLAMIC FINANCIAL INDUSTRY AND THE INSTITUTION OF HISBAH: LESSONS FROM GLOBAL FINANCIAL CRISIS

    Najeeb Zada; Ahcene Lahsasna; Muhammad Yusuf Saleem

    2016-01-01

    The recent financial crisis resulted destructive effects on finance industry. Islamic financial industry (IFI) is still naïve and largely untested in the face of a major financial turmoil. Major issues and uncertainties of the insolvency of IFI include the issue of moral hazard, government bailouts, excessive risk taking and deposit insurance. This paper addresses the issue of crisis management in IFI from the perspective of al-Siyasah al-Shar'iyyah and attempts to derive public policy guidel...

  5. RELAUNCHING OF ROMANIA'S TOURISM - THE CONTROVERSY OF SAFE TOURISM DURING GLOBAL ECONOMIC CRISIS

    Valentin HAPENCIUC

    2009-06-01

    Full Text Available Economic crisis -is an intensively mediated concept during the past years- it issues with the situation when the business medium confronts with the perspective of a fundamental change, usually sudden and unexpected, that threatens to significantly disturb the present socio-economic perceptions and the daily practice.Even if the emergent markets are the most vulnerable in crisis, they still adapt the easiest to the actual context, counting on economic flexible domains as the tourism industry or IT.The persistence of global economic crisis, but especially the touristy market fragility make it impossible to estimate the evolution of hospitality industry for the next two years. Crisis effects seem to be inevitable in the context where great tourism actors talk about consequences similar to the ones following the terrorists attacks in SUA, in September 2001.It is very important to understand the stress factors that prevent the optimum development of tourism discouraging the touristy flow towards once well-known destinations.Romania is not a touristy destination with a worldwide notoriety, not even European, but some issues like the localization outside those more and more unsafe touristy areas, the peacefulness regarding the terrorism implications and the special natural and anthropic potential, all these, create the necessary premises for promoting a specific tourism, able to induce tourists the idea of security.Among the difficulties that Romania confronts itself with, we mention: unfavourable international image, precarious touristy infrastructure estate and seldom application of quality standards. If these deficiencies are assumed and controlled in the immediate future, then the interest for Romanian tourism will continuously increase and safe tourism could become a tourism relaunching factor after the wrong start for the rural tourism, business tourism or balnear tourism.

  6. The Policy Responses and Implications of the Global Financial Crisis in Asia: A Case Study for Malaysia

    Goh Soo Khoon; Lim Mah Hui; Tan Yao Sua

    2012-01-01

    This paper examines the impact of the 2008 Global Financial Crisis (GFC) on Malaysia’s economy as well as challenges and responses of the government in countering this crisis. It argues that the impact of the GFC is different from the 1997 Asian Financial Crisis (AFC). The AFC impacted the financial industry with the resultant collapse of Malaysia’s currency, while the GFC impacted the export sector with direct repercussions on Malaysia’s real economy. This paper explores the structural weakn...

  7. Education, Globalization and Sustainable Futures: Struggles Over Educational Aims and Purposes in a Period of Environmental and Ecological Challenge.

    Farrell, R. V.; Papagiannis, George

    This study examines the advocacy of education for sustainability in a contemporary world driven by the powerful forces of globalization and development. A brief overview of the current ecological crisis in the world is presented, and concerns about environmental degradation, social injustice, and social inequalities are discussed. The vision of…

  8. Legal Pluralism, Private Power, and the Impact of the Financial Crisis on the Global Political Economy

    Edward S. Cohen

    2013-10-01

    Full Text Available Private corporate actors have played a central role in the construction of the legal rules of globalized capitalism over the past four decades. In no sector has this been more true than in global finance, where private agents have reshaped the norms and practices of credit creation and allocation. The global financial crisis, however, has led many states to challenge aspects of this power and raised broader questions about the legitimacy and future of private power in the global legal order(s. In this paper, I argue that –while state actors have clawed back significant power in global finance– the specific powers of credit creation and allocation combined with the structural pull of transnational legal pluralism will enable major private financial institutions to retain substantial power in the face of these challenges and questions. In the process, I present some broad suggestion about how we can think about private power in the making of global commercial law. Durante las últimas cuatro décadas, actores corporativos privados han desempeñado un papel decisivo en la construcción de las normas legales del capitalismo globalizado. En ningún sector ha sido esto más cierto que en las finanzas globales, donde los agentes privados han reformado las normas y prácticas de la creación de crédito y asignación. La crisis financiera global, sin embargo, ha llevado a muchos estados a cuestionar aspectos de este poder y planteado cuestiones más amplias acerca de la legitimidad y el futuro del poder privado en el/los ordenamiento/s jurídico/s global/es. En este trabajo se sostiene que –mientras que los actores estatales han recuperado un poder significativo en las finanzas globales– los poderes específicos de la creación de crédito y asignación combinados con la fuerza estructural del pluralismo jurídico transnacional permitirán a las principales instituciones financieras privadas retener poder sustancial ante estos retos y preguntas

  9. Unemployment in Greece: Econometric Evidence after the Athens 2004 Olympics and before the Global Financial Crisis of 2007–2009

    Rodokanakis, Stavros

    2012-01-01

    This paper investigates the probability of employment in Greece and focuses on 2006, namely, well after the Athens 2004 Olympics and its fiscal stimulus and before the eruption of the global financial crisis of 2007–2009 that transformed into an economic and sovereign debt crisis with unprecedented consequences in the country's postwar economic history. Based on microdata from the Labour Force Survey, the analysis depicts the impact of gender, age, marital status, area of residence, level of ...

  10. Shining a Light on the Dark Side: How the Global Financial Crisis Exposed the Dark Side of Leadership

    Andrews, Holly; Francis-Smythe, Jan; Jellis, Matthew

    2015-01-01

    The global financial crisis has had innumerate outcomes around the globe. Whilst most of these are generally perceived to be negative, there are outcomes which could be considered positive for society. One such outcome is the spotlight that the financial crisis has shone on corruption within organisations and in particular, the role that destructive leaders play in the promotion of negative behaviours within organisations. This interest in identifying so-called ‘dark-side’ traits in leaders i...

  11. A Comparison of the Performances of Type A Mutual Funds Before And After 2008 Global Economic Crisis in Turkey

    Esref Savas BASCI; Fatih MEMIS

    2014-01-01

    Looking from a historical perspective, financial activities contain many crises in itself. This situation seems to be a feature inherent in the existing economic system and as long as this system continues, it becomes inevitable being faced with the crisis. Especially in recent years, with the increasing globalization, the risk of being faced with a crisis has also increased. In the financial markets, savers who wish to evaluate the accumulation by investing in different investment tools may ...

  12. A Comparion of the Performances of Type A Mutual Funds Before and After 2008 Global Economic Crisis in Turkey

    Başçi, Eşref Savaş; Memiş, Fatih

    2014-01-01

    Looking from a historical perspective, financial activities contain many crises in itself. This situation seems to be a feature inherent in the existing economic system and as long as this system continues, it becomes inevitable being faced with the crisis. Especially in recent years, with the increasing globalization, the risk of being faced with a crisis has also increased. In the financial markets, savers who wish to evaluate the accumulation by investing in different investment tools may ...

  13. The Emphasis of Negative Journalism in the Economic Communication, one of the Consequences of the Global Economic Crisis

    Stefan VLADUTESCU

    2012-01-01

    (a) Purpose. Triggered around year 2005, the current economic and financial crisis has gained a global character. The purpose of this study is to investigate the impact of the crisis upon journalistic communication of financial and economic profile. b) The collection of basic information. As the main premise,it has been noted that in a natural way, there is a "negative journalism", a journalism based on persuasion. In addition it has been noted as a second premise, the existence of the financ...

  14. Annual report on global environmental monitoring - 1993

    1993-01-01

    In recent decades, scientific evidence from long-term monitoring has revealed the creeping destruction of ecosystems upon which human existence depends. Recognition of this destruction is changing the international policies used to manage our planet. Vast quantities of information regarding the status of the global environment is necessary in order to achieve a solid consensus among nations for environmental policies. To detect global change early, systematic monitoring with coverage of the entire surface of the earth should be implemented under close coordination among countries and researchers from different disciplines. The resulting precise and accurate measurements should be integrated in a timely fashion into an internationally coordinated database which will be available to the decision makers. In view of this concept, the Center for Global Environmental Research was established in 1990 and started work on monitoring, data management, modeling and their integration. CGER's field of monitoring covers the stratosphere, troposphere, fresh water, marine and terrestrial ecosystems. Groups of researchers are organized to design and conduct the monitoring. After intensive examination by these researchers, the resulting data are compiled into this report to be used in academic society as well as to serve decision makers. In 1993 two series of monitoring data reached this stage of publishing. This report contains the results of the Ozone Lidar Monitoring Program and the Japan-Korea Marine Biogeochemical Monitoring Program. The Center for Global Environmental Research very much appreciates both the research staff of these programs for their long-term and patient measurements and the advisory members for their valuable recommendations to the staffs. Those researchers who wish to examine and utilize the raw or primary data are strongly encouraged to contact the Monitoring Section of the center

  15. Insufficiencies in solving global environmental problems by specialized scientific expertise

    Hartwig, S.G.; Kra, R.S.

    1989-01-01

    The most paradoxical and urgent problem faces the world today. We find ourselves between the horns of a dilemma. One horn represents the accelerating demand for energy, and the other, the irreversible degradation of our natural environment. There are two directions that we can take to solve our growing global crisis. The first step is to encourage scientific specialists to think in broader terms. The second necessary approach is to make decision makers aware of the complexity of the situation as well as the dangers of tunnel vision that experts often fall into. Therefore, to find a long-term holistic solution, decision makers, be they government officials or academics, must be, themselves, solution oriented and capable of directing scientists along broadened problem-solving pathways. Up till now, scientists have been required to research environmental problems, discover causal associations and determine effects. Contemporary scientists, in the truest sense of the meaning, are no longer generalists but are specialists in their own fields with great depth and accuracy of knowledge. However, experts of high standing may have difficulty visualizing adjacent sciences, which causes them to lose sight of topics peripheral to their main field of interest. The consequence of this can be that solutions to a problem will be sought only within particular and specialized areas, but it is, unfortunately, a fact of life that environmental problems do not come neatly packaged in scientific disciplines: they happen in their entirety, with all their synergistic implications. 5 refs., 5 figs

  16. From famine to food crisis: what history can teach us about local and global subsistence crises.

    Vanhaute, Eric

    2011-01-01

    The number of famine prone regions in the world has been shrinking for centuries. It is currently mainly limited to sub-Saharan Africa. Yet the impact of endemic hunger has not declined and the early twenty-first century seems to be faced with a new threat: global subsistence crises. In this essay I question the concepts of famine and food crisis from different analytical angles: historical and contemporary famine research, food regime theory, and peasant studies. I will argue that only a more integrated historical framework of analysis can surpass dualistic interpretations grounded in Eurocentric modernization paradigms. This article successively debates historical and contemporary famine research, the contemporary food regime and the new global food crisis, the lessons from Europe's 'grand escape' from hunger, and the peasantry and 'depeasantization' as central analytical concepts. Dualistic histories of food and famine have been dominating developmentalist stories for too long. This essay shows how a blending of historical and contemporary famine research, food regime theory and new peasant studies can foster a more integrated perspective.

  17. Implementation of Basel III capital standards and challenges of global economic crisis

    Ljubić Marijana

    2015-01-01

    Full Text Available Implementation of the standards of the Basel Committee on Banking Supervision is an important step towards improving banking. The author seek to illuminate the importance and necessity of introducing new Basel III capital standards, Basel Committee on Banking Supervision in the banks in Serbia and around the world. Implementation of Basel standards, as a general model for managing capital and risk management in banks, based on quantitative model and a series of qualitative solutions, which will be based on the implementation of the proposed model, in oder to be effectively implemented in the Serbian banking sector that makes up only a part that is essential for improving the range of Banking Supervision in order to help better develop. The global economic crisis is encouraged and promoted by the Basel standards whose modification of birth to the new Basel III capital agreement, will reduce the impacts of the same. Banks that successfully implement Basel guidelines to improve their overall business will realize a significant business advantage over those in which the manner and extent of implementation of policies is aimed only at the mere satisfaction of the regulator. Will Basel standards fail to alleviate the impact of the global economic crisis? Did the Basel II standards and modifications hlp to enhance better and more advanced Basel III? These are just some of the questions that the author of the paper is providing answers for.

  18. The Syrian public health and humanitarian crisis: A 'displacement' in global governance?

    Akbarzada, Sumaira; Mackey, Tim K

    2018-07-01

    Ongoing failure by the international community to resolve the Syrian conflict has led to destruction of critical infrastructure. This includes the collapse of the Syrian health system, leaving millions of internally displaced persons (IDPs) in urgent need of healthcare services. As the conflict intensifies, IDP populations are suffering from infectious and non-communicable disease risks, poor maternal and child health outcomes, trauma, and mental health issues, while healthcare workers continually exit the country. Healthcare workers who remain face significant challenges, including systematic attacks on healthcare facilities and conditions that severely inhibit healthcare delivery and assistance. Within this conflict-driven public health crisis, the most susceptible population is arguably the IDP. Though the fundamental 'right to health' is a recognised international legal principle, its application is inadequate due to limited recognition by the UN Security Council and stymied global governance by the broader international community. These factors have also negatively impacted other vulnerable groups other than IDPs, such as refugees and ethnic minorities, who may or may not be displaced. Hence, this article reviews the current Syrian conflict, assesses challenges with local and global governance for IDPs, and explores potential governance solutions needed to address this health and humanitarian crisis.

  19. Uncovered Interest Parity in Central and Eastern Europe: Convergence and the Global Financial Crisis

    Fabio Filipozzi

    2012-12-01

    Full Text Available This paper presents tests of uncovered interest parity in Croatia, the Czech Republic, Hungary, Poland and Romania; all countries in Central and Eastern Europe with floating exchange rates. Data are monthly and the trading horizon is three months. The estimations show that the UIP hypothesis is rejected for the full sample from 1999 to 2011 for all five countries. A number of reasons for the rejection were investigated. Rolling regressions show that standard versions of the UIP essentially lose all explanatory power in 2008-10, which was a period in which the global financial crisis led to instability in currency and interest markets in Central and Eastern Europe. Two indicators of global risk aversion were also found to enter significantly in the many UIP estimations. Finally, the size of the interest rates spread also seems to be of importance, at least for Poland and Romania

  20. GLOBAL FINANCIAL CRISIS AND UNIT-LINKED INSURANCE MARKETS EFFICIENCY: EMPIRICAL EVIDENCE FROM CENTRAL AND EASTERN EUROPEAN COUNTRIES

    Botoş Horia Mircea

    2012-12-01

    Full Text Available This paper empirically investigates the impact of the Global financial crisis on the efficiency of four Central and Eastern European emerging unit-linked insurance markets, applying the automatic variance ratio (AVR test of Kim (2009 and variance ratio tests using ranks and signs by Wright (2000 for entire, pre-crisis and crisis periods. This study contributes to the existing literature on efficient market hypothesis with several distinct features: it provides a systematic review of the weak-form market efficiency literature that examines return predictability of the daily ING unit-linked funds prices; also the article aims at monitoring any improvement in the degree of efficiency in time and also examines the relative efficiency of unit-linked insurance markets in pre-crisis and crisis periods. Unit linked insurance are life insurance policies with investment component. In the literature there are few studies investigating the effects of a financial crisis on the potential of predictability and implicitly on the degree of efficiency of financial markets. The occurrence of a market crash or financial crisis is a possible contributing factor of market inefficiency. Most of the studies are focused on the Asian crisis in 1997: Holden et al. (2005 examined the weak-form efficiency of eight emerging Asian stock markets using VR tests before, during and after the Asian crisis; Kim and Shamsuddin (2008 used three different types of multiple VR tests for nine Asian stock markets; the findings reported by Lim et al. (2008 are consistent with those reported by Cheong et al. (2007, in which the highest inefficiency occurs during the crisis period. Todea and Lazar (2010 investigated the effects of the Global crisis on the relative efficiency of ten CEE stock markets, using Generalized Spectral test of Escanciano and Velasco (2006. Wright (2000 proposes the alternative non-parametric variance ratio tests using ranks and signs of return and demonstrates that

  1. Educational Reflections on the ``Ecological Crisis'': EcoJustice, Environmentalism, and Sustainability

    Mueller, Michael P.

    2009-08-01

    There is a tendency by scholars arguing for a more just and sustainable future to position the “ecological crisis” as a fundamental reason for major educational reforms. Relying on crisis-talk to fuel social and environmental justice and environmentalism reinforces the thinking of the past, which inadvertently perpetuates the acceptance of present cultural attitudes which frame our relationships with others and the natural world. To evaluate previous cultural thinking and associated traditions of Euro-West society, Chet Bowers asserts that we ought to analyze how assumptions are carried forward as metaphors, which are associated with attitudes towards science, technology, and nature. This pedagogy is called ecojustice education and serves to conserve and sustain cultural diversity and the biodiversity of Earth’s ecosystems, which are threatened and vulnerable. But, also carried forward in the language of ecojustice philosophy (and other ecological works) is a presumption that feeds into scientifically proving that a crisis exists, which is associated with organizing schools around an implicit shock doctrine of fear and urgency. This paper explores these assumptions and others associated with a supposition of ecological crisis. The ecological crisis has the potential to marginalize many diverse people who are needed during these times of increasing ecological awareness and uncertainties. Situating education (and the world) in the frenzy associated with crisis, versus the assertion that schools should increase awareness around the belief that a more sustainable lifestyle is beneficial for the individual, the community and the environment is a worthwhile debate and is rich with respect to research opportunities in education.

  2. The Coming Environmental Crisis in the Middle East: A Historical Perspective, 1750-2000 CE

    Burke, Edmund

    2005-01-01

    This essay argues that the Middle Eastern environment, with its legacy of squandered water resources, deforestation and pollution of all kinds, reveals a distilled essence of the coming environmental crisis of the planet. This is so because of the evident vulnerability of Middle Eastern semi-arid and arid landscapes. The essay examines the transformation of the regional environment over the period 1750-2000 CE. It considers modern human impacts in three broad ecological zones: the Middle East...

  3. 2008 Küresel Ekonomik Krizinin İşletmeler Üzerindeki Etkileri = The Effects of the 2008 Global Economic Crisis on Businesses

    Lutfiye ÖZDEMİR

    2013-07-01

    Full Text Available The purpose of this research is to determine the effects of the 2008 Global Economic Crisis on firms. The research is carried out on 99 firms that are engaged in production activity in various sectors in Organized Industrial Zone I and Organized Industrial Zone II in Malatya. The data are collected using survey. Reliability of measurement tool (Cronbach’s Alpha is 75%. T-test and one-way ANOVA analysis are used in the research. As a result, the effects of the 2008 Global Economic Crisis differ depending on demographic characteristics, crisis experience, crisis management plan, and crisis management team.

  4. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

    Dr. Sumanjeet Singh

    2011-07-01

    Full Text Available Towards the end of 2008 the effects of global recession started getting reflectedin international trade. The fall in global demand and the slowing-down ineconomic growth translated into a substantial reduction in internationaltrade. It affected the cross-border trade of virtually all countries and economicsectors. Indian exports trade could not remain unaffected in a situation whereexternal demand was dwindling globally. The present paper reviews India’sexport performance during and following the global financial crisis. Indianexports started to decline in July 2008. It declined from US$ 17,095 millionin July 2008 to US$ 11,516 million in March 2009, which accounts for almost33 per cent decline. This growth contraction has come after a robust 25 percent-plus average export growth since 2003. But, as a result of governmentpolicy measures and recovery in global economy, India’s exports growthturned positive and exports grew by a whopping 54.1 per cent in March 2010and recorded the highest growth rate among the world’s top 70 economiesin merchandise exports. India’s merchandise exports during April 2010 at US$16.9 billion recorded a growth of 36.3 per cent as compared with a declineof 32.8 per cent registered in April 2009. Exports witnessed huge annualizedgrowth of 56.9 per cent to $25.9 billion in May 2011 in a bright spot for theIndian economy, which is battling high inflation amid signs of a slowdown.

  5. Responding to the public health consequences of the Ukraine crisis: an opportunity for global health diplomacy.

    Mackey, Tim K; Strathdee, Steffanie A

    2015-01-01

    Peace and stability in Eastern Europe is now at a crossroads with the rapidly deteriorating foreign policy crisis continuing to unfold in the Ukraine. However, largely overlooked in the context of other foreign policy and diplomatic priorities are the serious public health consequences for the region following the annexation of Crimea and the subsequent decision to ban opioid substitution therapy in the disputed territory. On 1 May 2014, the Republic of Crimea officially announced it would end access to opioid substitution therapy, an essential harm reduction tool recognized by international organizations and virtually all other European countries. The policy development marks a critical reversal in the region's fight against its growing HIV epidemic and also threatens years of public health gains aimed at providing evidence-based and integrated treatment approaches to combat drug dependence and HIV. Beyond these risks, the Ukrainian conflict could also negatively impact control of other infectious diseases that are converging with HIV and injection drug use, such as multidrug-resistant tuberculosis and hepatitis C virus. The continuing conflict is also likely to have a significant negative impact on Ukraine's fragile public health system leading to even worse population health outcomes than currently experienced by the country. In response to this crisis, the application of global health diplomacy principles represents a possible route of advocacy to ensure that HIV prevention, humane treatment of substance using populations, and improving public health outcomes in the region are pursued among concerned international stakeholders. In order to be effective, global health diplomacy efforts must be coordinated and advocated in all forms of diplomatic engagement, including at the core, multistakeholder and informal levels and through existing channels such as the different human rights bodies of the United Nations as well as amongst other actors. Hence, the Ukraine

  6. Identifying the role of conservation biology for solving the environmental crisis.

    Dalerum, Fredrik

    2014-11-01

    Humans are altering their living environment to an extent that could cause environmental collapse. Promoting change into environmental sustainability is therefore urgent. Despite a rapid expansion in conservation biology, appreciation of underlying causes and identification of long-term solutions have largely been lacking. I summarized knowledge regarding the environmental crisis, and argue that the most important contributions toward solutions come from economy, political sciences, and psychology. Roles of conservation biology include providing environmental protection until sustainable solutions have been found, evaluating the effectiveness of implemented solutions, and providing societies with information necessary to align effectively with environmental values. Because of the potential disciplinary discrepancy between finding long-term solutions and short-term protection, we may face critical trade-offs between allocations of resources toward achieving sustainability. Since biological knowledge is required for such trade-offs, an additional role for conservation biologists may be to provide guidance toward finding optimal strategies in such trade-offs.

  7. Global financial crisis, banking crisis and first country risk in the viewpoint of domestic risk rating agencies

    Dr.Sc. Ingrid Shuli

    2012-06-01

    Full Text Available In a period of dire financial crisis, with which all countries seem to cope, it seemed interesting to analyse the assessment of the risk for our country, viewed from the vantage point of our domestic rating agencies, but also compared to assessments made to our country by international rating agencies, such as Moody’s rating agency, Standard & Poor rating agency, Fitch ratings agency etc. The objective of this study is to recognize indicators and factors affecting the risk assessment and rating of a country, and evaluate whether there has been an impact of the financial crisis faced by other countries in the rating given to Albanian by domestic and foreign agencies. We stopped at the history of earlier financial crisis development to understand bewtter what is happening in this financial crisis. We shall develop upon a wide existing literature, and a range of credible resources such as the IMF, the World Bank, the International Institute of Finance, Economic Intelligence Unit, and local official data sources, eg. The Bank of Albania and INSTAT.

  8. The present global financial and economic crisis poses an additional risk factor for mental health problems on the employees.

    Avčin, Bojana Avguštin; Kučina, Andrea Užmah; Sarotar, Brigita Novak; Radovanović, Mirjana; Plesničar, Blanka Kores

    2011-09-01

    The global financial and economic crisis starting in 2007 led to a deterioration of several socio-economic determinants of mental health. The aim of this cross-sectional study was to examine the impact of the present economic crisis on the depression and anxiety levels of the employed in the private and public sector in Slovenia. Altogether 1592 employees completed an internet based self-reported questionnaire. Data about perceived impact of the economic crisis, several socio-demographic, socioeconomic, and health parameters were collected. Depression symptoms were assessed by the Center for Epidemiological Studies-Depression Scale and anxiety symptoms by the Spielberger State-Inventory. Regression models were used 1) to explore the associations of the economic crisis with the level of depression and anxiety symptoms while controlling for some sociodemographic and work characteristic variables, and 2) to understand the relationship between some potentially important socioeconomic variables and the perception of the economic crisis. Depressive and anxiety scores were significantly increased among 590 (46.6%) employees being affected by the economic crisis. The level of depressive symptoms was significantly associated with perceived impact by the crisis, recent sick leave, reported injuries sustained at work, benzodiazepine and analgesic use, the lack of emotional support, and trust in crisis telephone lines. The level of anxiety symptoms yielded the robust association with the level of depression symptoms, reported injuries sustained on the way to work and education. The economic crisis poses an additional risk factor for mental health problems which clinicians should internalize and become more aware of them. Symptoms of depression and anxiety can be masked in high-utilizers of medical care with physical complaints or psychoactive drug use.

  9. THE QUALITY OF CULTURAL SERVICES IN THE GLOBAL ECONOMIC CRISIS CONTEXT

    Aurica DVORACIC

    2015-11-01

    Full Text Available It suffices to browse the websites of only a few of the most noteworthy Romanian cultural organizations – including the website of the Ministry of Culture – to conclude that quality policies are missing. In fact, these are not the only policies that are missing, but this topic should be discussed in another paper. The objective of this paper is to analyze the progresses and the opportunities, as well as the problems and the challenges that the Romanian society and economy are facing as far as culture is concerned at the beginning of the new millennium, in the particular context of the global economic crisis: specifically, we will focus on the role of cultural organization managers in implementing quality management as the main factor in assuring the competitiveness needed to overcome the crisis. Cultural organization managers generally admit that a change is needed in order to cope with competitive pressure, but few understand how this change should be implemented. To avoid the issues associated with “change programs”, the management of cultural organizations must focus on the structure of processes, recognizing the roles and responsibilities of their employees in the processes in which they are involved.

  10. Global Crisis as Enterprise Software Motivator: from Lifecycle Optimization to Efficient Implementation Series

    Sergey V. Zykov

    2012-04-01

    Full Text Available It is generally known that software system development lifecycle (SSDL should be managed adequately. The global economy crisis and subsequent depression have taught us certain lessons on the subject, which is so vital for enterprises. The paper presents the adaptive methodology of enterprise SSDL, which allows to avoid "local crises" while producing large-scale software. The methodology is based on extracting common ERP module level patterns and applying them to series of heterogeneous implementations. The approach includes a lifecycle model, which extends conventional spiral model by formal data representation/management models and DSL-based "low-level" CASE tools supporting the formalisms. The methodology has been successfully implemented as a series of portal-based ERP systems in ITERA oil-and-gas corporation, and in a number of trading/banking enterprise applications for other enterprises. Semantic network-based airline dispatch system, and a 6D-model-driven nuclear power plant construction support system are currently in progress. Combining various SSDL models is discussed. Terms-and-cost reduction factors are examined. Correcting SSDL according to project size and scope is overviewed. The so-called “human factor errors” resulting from non-systematic SSDL approach, and their influencing crisis and depression, are analyzed. The ways to systematic and efficient SSDL are outlined. Troubleshooting advises are given for the problems concerned.

  11. The global financial crisis and the Great Recession of 2007-2009.

    Dore, Mohammed H I; Singh, Rajiv G

    2010-07-01

    This paper is a re-examination of the global financial crisis that began in and was accompanied by the most severe recession since the Great Depression. It builds on our earlier paper (Dore and Singh, 2009) and expands its scope. It is divided into parts. The first part deals with the ideological backdrop in which this crisis occurred, namely the belief in the rationality and stability of all markets including the capital markets, called the 'efficient market hypothesis.' The second part is a survey of the role of income distribution and its relations to aggregate spending and the growing role played by credit in the circular flow of income. The third part examines some features of the business cycle expansion phase of to . The fourth part is a brief report on a nonlinear Vector Error Correction model spanning the period to and how this expansion came to an end. The fifth part is a brief comparison of the Great Recession with the Great Depression. Finally in the sixth part, the international impact of the Great Recession is considered briefly, followed by some conclusions.

  12. Down-Side Risk Metrics as Portfolio Diversification Strategies across the Global Financial Crisis

    David E. Allen

    2016-06-01

    Full Text Available This paper features an analysis of the effectiveness of a range of portfolio diversification strategies, with a focus on down-side risk metrics, as a portfolio diversification strategy in a European market context. We apply these measures to a set of daily arithmetically-compounded returns, in U.S. dollar terms, on a set of ten market indices representing the major European markets for a nine-year period from the beginning of 2005 to the end of 2013. The sample period, which incorporates the periods of both the Global Financial Crisis (GFC and the subsequent European Debt Crisis (EDC, is a challenging one for the application of portfolio investment strategies. The analysis is undertaken via the examination of multiple investment strategies and a variety of hold-out periods and backtests. We commence by using four two-year estimation periods and a subsequent one-year investment hold out period, to analyse a naive 1/N diversification strategy and to contrast its effectiveness with Markowitz mean variance analysis with positive weights. Markowitz optimisation is then compared to various down-side investment optimisation strategies. We begin by comparing Markowitz with CVaR, and then proceed to evaluate the relative effectiveness of Markowitz with various draw-down strategies, utilising a series of backtests. Our results suggest that none of the more sophisticated optimisation strategies appear to dominate naive diversification.

  13. Banks' Stability: The effect of Monetary Policies in the light of Global Financial Crisis

    Wael Bakhit

    2014-04-01

    Full Text Available This paper employs a quarterly time series to determine the timing of structural breaks for interest rates in USA over the last 60 years. The Chow test is used for investigating the non-stationary, where the date of the potential break is assumed to be known. Moreover, an empirically examination of the financial sector to check if it is positively related to deviations from an assumed interest rate as given in a standard Taylor rule. The empirical analysis is strengthened by analysing the rule from a historical perspective and look at the effect of setting the interest rate by the central bank on financial imbalances. The empirical evidence indicates that deviation in monetary policy has a potential causal factor in the build up of financial imbalances and the subsequent crisis where macro prudential intervention could have beneficial effect. Thus, my findings tend to support the view which states that the probable existence of central banks has been one source of global financial crisis since the past decade.

  14. Environmental and sustainability crisis: emergency in the languages of new administrative-organizational setting

    Arias Pineda, Andres Alberto

    2011-01-01

    The processes of industrialization in the postwar favor setting manageable society organizations in this way societal administrative logic is institutionalized and permeates traditional understanding of organizational processes to translate the languages of the world of the life in terms of productivity and competitiveness. This also improves the environmental crisis to the extent that justifies a mechanistic, linear, anti-ecological reality. In this vein, research done epistemic reflections to traditional management thinking in order to propose new readings linked to new visions of reality, from a literature review focused on databases and scientific journals. Thus emerged the concept of sustainability and citizenship as central to understanding the role of business organizations in a world in crisis

  15. IMPACT OF THE GLOBAL FINANCIAL CRISIS ON SOVEREIGN DEBT IN THE EUROPEAN UNION

    Condea Bogdan Virgil

    2014-07-01

    Full Text Available At European Union level, the global financial crisis intensified the issue of sovereign debts and member states had to implement a series of fiscal measures in order to reduce the budgetary deficit and public debts, that have peaked in the last decades. These changes were also imposed in the Romanian fiscal system and the effects were felt in particular through increased tax rates or even the introduction of new taxes. 2008 was the year that marked a turning point in the fiscal policy of member states of the European Union from multiple perspectives. The impact of the economic crisis was felt mainly through the drastic decrease in tax revenues for all member states, which led to an accelerated growth of the budgetary deficit and implicitly of the indebtedness degree. In this context, EU member states were forced to adopt measures that would reduce the budgetary deficit (increases in some taxes and reduction of certain public expenditures. In 2010, the sovereign debt crisis in the euro area exposed the weaknesses of the EU economic governance. In response, the so-called "six pack" regulations were introduced in December 2011. Moreover, many countries have intensified their consolidation efforts in an attempt to regain the confidence of financial markets. The new architecture of fiscal policy in the European area has undergone many changes in recent years, market not only by the fiscal harmonization process, but mainly by the temptation of fiscal coordination that aims mainly to achieve fiscal stability and reduce medium and long-term public debt. The excessive growth of countries' indebtedness degree in recent years led to the need to study the sustainability of the indebtedness policy, considering that maintaining the budgetary deficit at a prudent level would also ensure the sustainability of fiscal policy. The study analyzes the effects in budgetary plan of economic recovery measures by highlighting the evolution of public debt in EU member

  16. The Materialist Circuits and the Quest for Environmental Justice in ICT’s Global Expansion

    Sibo Chen

    2016-02-01

    Full Text Available This article builds on and contributes to research on the material impacts of Information and Communication Technology and Consumer Electronics (ICT/CE by proposing a holistic framework addressing labour exploitation and environmental destruction in the production, consumption, and disposal of digital devices. Although the emerging media scholarship on digital labour have critically analyzed the material impacts of ICT/CE in terms of labour issues emerged from the production and consumption stages, relatively little research attention has been paid to the end-of-life issues of digital devices and other environmental issues caused by the ICT industry’s global expansion. Based upon previous research on digital labour, environmental management and ecological justice, this article proposes a political economic understanding of the environmental dimension of the ICT industry and how it has contributed to the escalation of environmental crisis and social injustice in developing coun-tries, especially in terms of the urging situation of the global e-waste challenge. The article argues that the critical standpoints taken by political economy of communication and environmental justice re-search provide valuable and promising theoretical connections between labour activism and ecological struggles; and future inquiries on digital economy, in this regard, should combine both perspectives, pay more attention to the enormous social and ecological tensions in the Global South, and make explicit connections between the regressions in labour rights and global environmental justice and ICT’s aggressive and unsustainable expansion.

  17. Impact of the global financial crisis on employed Australian baby boomers: a national survey.

    O'Loughlin, Kate; Humpel, Nancy; Kendig, Hal

    2010-06-01

    This paper examines the impact of the global financial crisis (GFC) on employed Australian baby boomers. A nationally representative sample of 1009 boomers aged 50-64 years completed a survey by telephone interview mid 2009. Compared with 1 year ago, 38.9% of working boomers reported being financially worse off and this was more so for women (42.4%) than men (35.6%). Following the GFC, 41.4% of women and 31.9% of men had decided to postpone their retirement plans. The GFC is affecting the retirement preparations and plans of Australia's baby boomers. Policy implications include reduced resources for retirement needs, and uneven and differential impacts for those with interrupted employment histories, notably women.

  18. Democracy under siege: Democratic solidarity between global crisis and cosmopolitan hope

    Brunkhorst Hauke

    2017-01-01

    Full Text Available For almost half a century (between 1940 and 1990 the democratic and social state has solved the twofold problem of growth and social exclusion through social inclusion within the borders of the national state. This solution since the 1970s came under threat of multiple crises of the environment, secular stagnation, under-consumption, legitimization and constitutionalization. There might be a social solution of present crisis possible through massive redistribution plus decent basic income (on the level of tuition-costs plus green growth. However, after globalization of capital there are no longer national social alternatives available. Therefore, there is no alternative to transnational democratic state-formation. But are there actors relevant, strong and motivated enough to do that?

  19. The US regulatory and pharmacopeia response to the global heparin contamination crisis.

    Szajek, Anita Y; Chess, Edward; Johansen, Kristian; Gratzl, Gyöngyi; Gray, Elaine; Keire, David; Linhardt, Robert J; Liu, Jian; Morris, Tina; Mulloy, Barbara; Nasr, Moheb; Shriver, Zachary; Torralba, Pearle; Viskov, Christian; Williams, Roger; Woodcock, Janet; Workman, Wesley; Al-Hakim, Ali

    2016-06-09

    The contamination of the widely used lifesaving anticoagulant drug heparin in 2007 has drawn renewed attention to the challenges that are associated with the characterization, quality control and standardization of complex biological medicines from natural sources. Heparin is a linear, highly sulfated polysaccharide consisting of alternating glucosamine and uronic acid monosaccharide residues. Heparin has been used successfully as an injectable antithrombotic medicine since the 1930s, and its isolation from animal sources (primarily porcine intestine) as well as its manufacturing processes have not changed substantially since its introduction. The 2007 heparin contamination crisis resulted in several deaths in the United States and hundreds of adverse reactions worldwide, revealing the vulnerability of a complex global supply chain to sophisticated adulteration. This Perspective discusses how the US Food and Drug Administration (FDA), the United States Pharmacopeial Convention (USP) and international stakeholders collaborated to redefine quality expectations for heparin, thus making an important natural product better controlled and less susceptible to economically motivated adulteration.

  20. ARCHITECTURE OF EUROPEAN SYSTEM OF FINANCIAL SUPERVISION AFTER THE GLOBAL ECONOMIC CRISIS

    Mateusz Muszyński

    2015-12-01

    Full Text Available This paper indicates how the last global financial crisis has affected the european financial system. As the depression evolved it brought all the weaknesses in the system of financial supervision to the surface. Then it became clear that deeper integration of the banking system was strongly needed. To mitigate systemic stability risk and improve the coordination process with international organizations, the European Commission decided to establish the European System of Financial Supervision. However, it seemed that it was not sufficient to prevent from further fragmentation of the financial market in Europe. As a result, in 2012 the European Commission initiated the banking union, a new form of political and economic integration.

  1. Anticipated future of Latvia and Russia during a global economic crisis: A mixed methods perspective

    Kolesovs Aleksandrs

    2014-01-01

    Full Text Available This cross-cultural study explored subjective predictors of more positive evaluation of the future of the country during a global socioeconomic crisis. A sequential mixed-method design was chosen for an exploration of students’ expectations in Russia and Latvia as countries contrasting in macro-contextual conditions. In 2009, Study 1 was designed as a thematic analysis of essays on topic “The Future of Latvia/Russia”. The results demonstrated that the future of a country is anticipated by taking into account external influences, the present of the country, and its perceived power and stability. In 2011, Study 2 involved these themes as independent variables in a multiple regression model. The results demonstrated that positive evaluation of the present and higher perceived power of the country are individuallevel predictors of more positive evaluation of its future. Observed concordance of models indicates relatively high importance of subjective view of the country in the changing world.

  2. Motives of enterprises’ expansion abroad during the global financial and economic crisis

    Joanna Bednarz

    2010-12-01

    Full Text Available The need for facing up the competitors and the wish to build the competitive advantage on the market contribute to enterprises’ expansion on foreign markets. Motives lying behind the enterprise management decision when starting expansion abroad vary and they depend on an individual market situation of the enterprise. They can also evolve in time. The decision about enterprise expansion may be dictated by the will to make advantage of chances which appear on the market. Nevertheless, it also happens that adverse conditions of the enterprise external environment force its internationalization. Motives of foreign expansion can be classified in many ways. This article describes four main groups of motives: market, costs-related, supplies and strategic ones. The second part of this paper analyses changes in enterprises’ motives of expansion during the global financial and economic crisis.

  3. A América Latina na crise mundial Latin America in the global crisis

    Paul Singer

    2009-01-01

    Full Text Available A integração comercial e financeira global fortaleceu a classe capitalista em relação ao proletariado em cada país ao permitir às transnacionais deslocar suas empresas para países em que o custo da mão de obra é menor. A crise colheu a América Latina pela fuga das divisas fortes, extinção do crédito externo e queda das exportações, das inversões estrangeiras e das remessas dos emigrados. A crise se generaliza com as demissões em massa, a difusão do pânico que faz o crédito encolher, derrubando as vendas de bens de maior valor e os investimentos. Os governos do Primeiro Mundo trataram de resgatar os seus bancos falidos, comprando parte do seu capital ou sua totalidade com recursos do Tesouro. No Brasil, o governo faz que os bancos públicos estendam o crédito aos setores abandonados pelos bancos privados e baixem os juros que cobram. Os governos latino-americanos estimulam o mercado interno a absorver a produção que não enontra mais compradores no exterior mediante redistribuição da renda e aumento do investimento público. Nos últimos seis anos, os emergentes cresceram 50%, enquanto os industrializados cresceram apenas 10%, o que ampliou o número de nações cuja coordenação é indispensável para que a crise mundial possa ser domada do G-7 para o G-20. Uma das lições da crise é que, em lugar da globalização financeira, o povo de cada país deve ter o direito de decidir como seu excedente social deve ser administrado. A guarda do dinheiro do público e o seu empréstimo a investidores e consumidores devem ser reservados ao poder público e a entidades associativas sem fins de lucro.Global commercial and financial integration has strengthened the capitalist class in comparison with the proletariat around the globe as it permitted multinationals to relocate their companies to countries in which the cost of the labor force was lower. The crisis reached Latin America through the flight of capital, disappearance of

  4. Environmental health implications of global climate change

    Watson, Robert T.; Patz, Jonathan; Gubler, Duane J.; Parson, Edward A.; Vincent, James H.

    2005-07-01

    This paper reviews the background that has led to the now almost-universally held opinion in the scientific community that global climate change is occurring and is inescapably linked with anthropogenic activity. The potential implications to human health are considerable and very diverse. These include, for example, the increased direct impacts of heat and of rises in sea level, exacerbated air and water-borne harmful agents, and - associated with all the preceding - the emergence of environmental refugees. Vector-borne diseases, in particular those associated with blood-sucking arthropods such as mosquitoes, may be significantly impacted, including redistribution of some of those diseases to areas not previously affected. Responses to possible impending environmental and public health crises must involve political and socio-economic considerations, adding even greater complexity to what is already a difficult challenge. In some areas, adjustments to national and international public health practices and policies may be effective, at least in the short and medium terms. But in others, more drastic measures will be required. Environmental monitoring, in its widest sense, will play a significant role in the future management of the problem. (Author)

  5. GERMON. Global Environmental Radiation Monitoring Network

    1992-01-01

    Between 15-18 December 1987, a meeting of experts of WHO/UNEP met at Le Vesinet, France, to develop the basic principles of a global environmental radiation monitoring network (GERMON) which would have the function of reporting on a regular basis environmental radiation levels, and be positioned to provide rapid and reliable radiation measurements in the event of a major radiation release. To date, some 58 countries have indicated their willingness to become part of GERMON. About 40 of these have technical staff and equipment to meet the minimum requirements for joining the network, and about 30 have designated appropriate organizations within their country to serve as national Liaison Institutions for GERMON. Sixteen countries are now providing data on a regular basis to the CCC at SCPRI in Le Vesinet, France. Thirty-two countries responded to the request of WHO for readiness to take part in a IAEA radiation emergency exercise. The present meeting has been held in Montgomery, Alabama, USA at the National Air and Radiation Environmental Laboratory between 27 April 1992 and 30 April 1992, with the purpose of reviewing GERMON. One important topic considered was the implementation of GERMON in the Americas. Particular attention was given to the need for better coordination with IAEA in responding to the Convention on Early Notification, to the role of the CCC, to forms of data transmission, etc

  6. Multiscale Drivers of Global Environmental Health

    Desai, Manish Anil

    In this dissertation, I motivate, develop, and demonstrate three such approaches for investigating multiscale drivers of global environmental health: (1) a metric for analyzing contributions and responses to climate change from global to sectoral scales, (2) a framework for unraveling the influence of environmental change on infectious diseases at regional to local scales, and (3) a model for informing the design and evaluation of clean cooking interventions at community to household scales. The full utility of climate debt as an analytical perspective will remain untapped without tools that can be manipulated by a wide range of analysts, including global environmental health researchers. Chapter 2 explains how international natural debt (IND) apportions global radiative forcing from fossil fuel carbon dioxide and methane, the two most significant climate altering pollutants, to individual entities -- primarily countries but also subnational states and economic sectors, with even finer scales possible -- as a function of unique trajectories of historical emissions, taking into account the quite different radiative efficiencies and atmospheric lifetimes of each pollutant. Owing to its straightforward and transparent derivation, IND can readily operationalize climate debt to consider issues of equity and efficiency and drive scenario exercises that explore the response to climate change at multiple scales. Collectively, the analyses presented in this chapter demonstrate how IND can inform a range of key question on climate change mitigation at multiple scales, compelling environmental health towards an appraisal of the causes and not just the consequences of climate change. The environmental change and infectious disease (EnvID) conceptual framework of Chapter 3 builds on a rich history of prior efforts in epidemiologic theory, environmental science, and mathematical modeling by: (1) articulating a flexible and logical system specification; (2) incorporating

  7. Resetting the Growth Engines of the BRICS Countries as a Reaction to the Global Crisis

    Iulia Monica Oehler-Șincai

    2013-01-01

    up exports and FDI as engines of economic growth, the administrative bodies at macro and microeconomic levels understood that the internal demand represents a complementary source of growth. In contrast with the most developed countries, which intensely resorted to austerity measures, the BRICS were able to adopt stimulus measures. Such Keynesian moves were possible, as the emerging countries entered the global crisis with strong macroeconomic and financial positions. As a matter of fact, the world financial and economic crisis erupted in a moment considered by the international experts as the “most prosperous” for these countries. The general measures adopted in order to stimulate the economy in the field of fiscal policy and monetary policy were combined with specific, sectoral ones. Such measures managed even to attenuate the negative effects of the global crisis at social level. Infrastructure development though public investment projects is used by the BRICS governments as one of the principal means to stimulate economic growth and jobs creation. Our paper concludes that, for the BRICS countries, the classical engines for economic growth like exports and inward FDI are complemented by additional growth engines: internal demand (spurred by the high level of remittances from abroad, the outward FDI, innovation and infrastructure development.

  8. The Role of Media Pedagogy in Post-Crisis Societies within a Globalized World

    Tilia Stingl de Vasconcelos Guedes

    2017-02-01

    Full Text Available Although globalization as a phenomenon is perceived in everyday life as an economic process, it is strongly con-nected with culture, knowledge, communication and mediated information, forcing today's societies to face novel communicative challenges while trying to maintain stability. For post-crisis societies, these challenges repre-sent a new level of complexity to overcome. Many re-gions in the world still face conflicts and crises and will eventually face similar situations regarding their commu-nication, media and culture. This paper uses data from two empiric studies made in post-crisis societies (Bosnia-Herzegovina and Kosovo; studies in Santos 2010 and Shahini-Hoxhaj 2014 and analyses them through the perspective of cultural science, social systems theory, and systems thinking to answer the question: What kind of system dynamics can be helpful to generate knowledge, assuming the interactive use of media and global connection, and how can media educa-tion be an active support for the self-organization of a community in a transitional process? The societies in question are not only moving away from dictatorship, but they are also moving towards democra-cy, and the media as means of communication are con-tributing to this process. From the point of view of cultural science, the media are no longer just the producer of content for recipients. Media is the venue, the place where information, values and structures can be ex-changed and discussed. Recipients and producers of in-formation are now one and the same.

  9. Inequality and Austerity after the Global Financial Crisis: Law, Gender and Sexuality

    Nan Seuffert

    2016-03-01

    Full Text Available This special issue of the Onati Socio-legal Series analyses legal and economic inequality, and policies of austerity after the global financial crisis (GFC at the intersections of gender and sexuality. Each of the articles included in this issue speak to one or more of these themes. Collectively, the articles place questions of gender and sexuality at the centre of an analysis of reforms motivated by ‘economic rationalisation’ and austerity measures. They highlight the political economy of policies that differentially impact women, indigenous populations and socially or economically marginalised groups. Este número especial de la Oñati Socio-legal Series analiza la desigualdad legal y económica, y las políticas de austeridad después de la crisis financiera global (CFG en las intersecciones entre género y sexualidad. Cada uno de los artículos de este número tratan sobre uno o más de estos temas. De forma colectiva, los artículos plantean cuestiones sobre género y sexualidad en el centro de un análisis de las reformas motivadas por la “racionalización económica” y las medidas de austeridad. Destacan la política economía de las políticas que impactan de forma diferente en mujeres, población indígena y grupos marginados social o económicamente. DOWNLOAD THIS PAPER FROM SSRN: http://ssrn.com/abstract=2736309

  10. Comparison between global financial crisis and local stock disaster on top of Chinese stock network

    Xia, Lisi; You, Daming; Jiang, Xin; Guo, Quantong

    2018-01-01

    The science of complex network theory can be usefully applied in many important fields, one of which is the finance. In these practical cases, a massive dataset can be represented as a very large network with certain attributes associated with its nodes and edges. As one of the most important components of financial market, stock market has been attracting more and more attention. In this paper, we propose a threshold model to build Chinese stock market networks and study the topological properties of these networks. To be specific, we compare the effects of different crises, namely the 2008 global crisis and the stock market disaster in 2015, on the threshold networks. Prices of the stocks belonging to the Shanghai and Shenzhen 300 index are considered for three periods: the global crisis, common period and the stock market disaster. We find the probability distribution of the cross-correlations of the stocks during the stock market disaster is fatter than that of others. Besides, the thresholds of cross-correlations are assigned to obtain the threshold networks and the power-law of degree distribution in these networks are observed in a certain range of threshold values. The networks during the stock market disaster also appear to have larger mean degree and modularity, which reveals the strong correlations among these stock prices. Our findings to some extent crosscheck the liquidity shortage reason which is believed to result in the outbreak of the stock market disaster. Moreover, we hope that this paper could give us a deeper understanding of the market's behavior and also lead to interesting future research about the problems of modern finance theory.

  11. RNM and CRITER projects: providing access to environmental radioactivity measurements during crisis and in peacetime

    Leprieur, F.; Couvez, C.; Manificat, G. [Institut de radioprotection et de surete nucleaire (France)

    2014-07-01

    The multiplicity of actors and sources of information makes it difficult to centralize environmental radioactivity measurements and to provide access to experts and policy makers, but also to the general public. In the event of a radiological accident, many additional measures will also be carried out in the field by those involved in crisis management. In order to answer this problem, two projects were launched by IRSN with the aim of developing tools to centralize information on environmental radioactivity in normal situation (RNM project: National network of radioactive measurements) and during radiological crisis (CRITER project: Crisis and field). The RNM's mission is to contribute to the estimation of doses from ionizing radiation to which people are exposed and to inform the public. In order to achieve this goal, this network collects and makes available to the public the results of measurements of environmental radioactivity obtained in a normal situation by the French stakeholders. More than 18,000 measurements are transmitted each month by all producers to the RNM. After more than 4 years of operation, the database contains nearly 1,200,000 results. The opening in 2010 of the public web site (www.mesure-radioactivite.fr) was also a major step forward toward transparency and information. In case of radiological emergency, IRSN's mission is to centralize and process at the national level, in a database, all the results of measurements or analysis by all stakeholders throughout the crisis, in order to precisely determine the radiological situation of the environment, before, during and after the event. The project CRITER therefore involves the collection of all possible data from all potential sources, transmission, organization, and the publication of the measurements in crisis or post-accident situation. The emergency nature of the situation requires a transmission in near real-time data, facilitated by the development of automatic sensors. For

  12. Hydroelectric power and global environmental problems: benefits and environmental impacts

    Chabot, B.

    1992-01-01

    The risk of global warming is one of the most serious global environmental problems. It is due to the increase of greenhouse gases emissions, mainly because of the use of fossil fuels in the energy sector, particularly for electricity generation. At an international level, experts now agree that measures are to be taken to reduce this risk. In the energy sector, an improvement of energy efficiency and an increase of nuclear electricity generation are often presented as the best available solutions. Renewable energy sources are often presented as a solution with a negligible potential impact, and sometimes, hydro power is even forgotten, or its coasts and its potential impacts on local environment are presented as an obstacle to its positive contribution to the reduction of global warming risk. Without denying the positive impacts of other solutions, this paper explains the possibilities and the benefits of an increased use of hydroelectric power, when implemented with a minimum impact on local environment and with a synergistic effect with the rational use of generated energy, in order to have access to a sustainable development. 19 refs., 6 figs

  13. THE 2000-2001 FINANCIAL CRISIS IN TURKEY AND THE GLOBAL ECONOMIC CRISIS OF 2008-2009: REASONS AND COMPARISONS

    Dilek TEMİZ

    2009-01-01

    Full Text Available The economic crisis of 2000-2001 was proved to be demolishing for Turkey after the abundance of currency peg in the same year. The crisis in question stemmed from insufficient implementation of regulations, inadequate depth of the capital markets, lack of assessment of risk, excessive lending to incorporated institutions by national banks, restricted interest rates, monitored foreign exchange operations, limited foreign asset holding, lack of competition, barriers to foreign entry high liquidity, chronic inflation and a deficit in balance of payments. However, the crisis that Turkey was subject to in 2008-2009 was quite different than the previous ones as to be a result of world matters. The sparking effect begun in the USA at the mortgage market, the fail of the mortgage market negatively influenced the capital, stock and derivative markets and spread the world. Thus, this study aims to analyze and reveal the reflections of the 2000-2001 and 2008-2009 crises and their comparison with regards to Turkey on theoretical basis resting on numerous comprehensive and credible national and international publications.

  14. A global assessment of market accessibility and market influence for global environmental change studies

    Verburg, P.H.; Ellis, E.C.; Letourneau, A.

    2011-01-01

    Markets influence the global patterns of urbanization, deforestation, agriculture and other land use systems. Yet market influence is rarely incorporated into spatially explicit global studies of environmental change, largely because consistent global data are lacking below the national level. Here

  15. La crisis global: de las hipotecas a la recesión generalizada

    Arturo Guillén R.

    2009-01-01

    Full Text Available El artículo enmarca la crisis inmobiliaria como uno de los cuatro procesos de crisis que enfrenta el mundo en la actualidad. Estos son la crisis ecológica, la crisis energética y la crisis alimentaria. Sin embargo no es el objetivo abordar tan amplia perspectiva de los cuatro Jinetes del Apocalipsis que cabalgan por el mundo. En esa perspectiva se presentan los orígenes de la crisis de los bienes raíces, ubicándola en la década de los noventa en relación con la crisis del Nasdaq, y posteriormente se realiza una cronología de la crisis inmobiliaria. Las diferentes hipótesis teóricas utilizadas para su explicación, como la recesión y alcance de la misma en los próximos meses llevan a conclusiones interesantes.

  16. Global and Domestic Politics in the Wake of the Financial and Economic Crisis

    Pontusson, Harry Jonas

    2013-01-01

    The December 2012 issue of SPSR featured a collection of short essays that explored the domestic politics of the financial crisis, the ensuing international recession and the ongoing difficulties of managing the debt problems and trade imbalances of the Eurozone. The contributors to the first installment of our debate on crisis politics engaged in historical and comparative discussions of government responses to the crisis of 2007-10 and the political repercussions of the crisis. For this, th...

  17. The Halcyon Days Are over. Or Are They? Implications of the Global Financial Crisis for Managers' Careers

    Marchant, Teresa

    2009-01-01

    This paper discusses the implications for managers' careers of the global financial crisis. It draws on empirical research during the last period of major job cuts. Evidence comes from a mail survey of over 1000 career histories of Australian managers, with a response rate of 44%. Changes to career satisfaction, job satisfaction, job security,…

  18. Pulp and paper demand deteriorates as global economic crisis takes hold : markets for paper, paperboard and woodpulp, 2008-2009

    Peter J. Ince; Eduard L. Akim; Bernard Lombard; Tomas Parik

    2009-01-01

    Pulp and paper production and consumption in both Europe and North America declined in 2008 and 2009 as the global economic crisis took hold. In early 2009, leading trade associations were reporting year-over-year declines of 17% in total paper and paperboard production in both Europe and the United States, considerably more than the 2008 drop. Capacity-utilization...

  19. A Response to: Global Security, Religion and Education Development--A Crisis for the Field of Comparative and International Education?

    Ozanne, Bill

    2011-01-01

    This paper presents the author's response to "Global security, religion and education development: a crisis for the field of comparative and international education?" Prof. Lynn Davies's introduction to the Forum is interesting and provocative, and the author advances his response in the spirit of dialogue by looking at Davies's arguments, the…

  20. Out of the Frying Pan: Into the Fire of Post-Global Financial Crisis (GFC) University Management

    Galbraith, Peter

    2013-01-01

    A downturn in enrolments of international students following the Global Financial Crisis is causing publicised stress among Australian universities that have come to rely on associated income. How to survive the financial consequences is currently receiving urgent attention within the sector. This paper models the problem of developing responses…

  1. Socioeconomic inequalities in smoking in The Netherlands before and during the Global Financial Crisis: a repeated cross-sectional study

    Benson, Fiona E.; Kuipers, Mirte A. G.; Nierkens, Vera; Bruggink, Jan-Willem; Stronks, Karien; Kunst, Anton E.

    2015-01-01

    The Global Financial Crisis (GFC) increased levels of financial strain, especially in those of low socioeconomic status (SES). Financial strain can affect smoking behaviour. This study examines socioeconomic inequalities in current smoking and smoking cessation in The Netherlands before and during

  2. The Global Economic Crisis: Setbacks to the Educational Agenda for the Minority in Sub-Saharan Africa

    Ingubu, Moses Shiasha

    2010-01-01

    This paper captures the impact of the Global Economic Crisis on educational programs serving minority groups in developing countries. It has been established that the most vulnerable groupings include nomadic and pastoralist communities, slum dwellers, children in war zones, and women. Various educational interventions such as mobile schooling,…

  3. Reflections on the Dimensions of Population Characterization of CSR in Perspective in the Context of Global Economic Crisis

    Popescu Manoela; Crenicean Cecilia Luminita

    2010-01-01

    Fashionable topic in recent years, CSR (Corporate Social Responsibility) has become an objective necessity in the current global context, the global economic crisis. Moreover, the European Union, interested in CSR, we consider a means by which any economic system may become the most competitive and dynamic world. Of course, this goal is possible if the CSR is perceived as beneficial to the public. Also, states and international institutions have developed a series of standards aimed at human ...

  4. Environmental safety of the global information space

    В’ячеслав Степанович Волошин

    2015-03-01

    Databases of full-text publications – journals, articles, monographs- are surely a means of salvation for science. There already exist a large number of such portals. Besides, advantages and disadvantages of electronic subscriptions to periodicals should certainly be considered. The former include the following most evident ones: aggregation of large data arrays, saving money on a subscription, an opportunity to work with relevant publications, thematic collections of materials, availability of records, simultaneous access of an unlimited number of users and others. Nevertheless, there are many disadvantages that make it difficult to work with full-text publications. They are the following: selective representativeness of publication numbers, complexity of keyword search, occasional presence of obsolete text formats, printed versions, possible psychological barrier, physiological incompatibility with computer equipment, fatigue caused by prolonged work on the computer. The Internet was followed by the appearance of global control networks, their aims ranging from control of a human life support to a unified control of humanity. So, the formed global information space promises the man to get access to almost any information source. Meanwhile, environmental safety of the man, his/her objective biological psyche and abilities in harmonious development are at serious risk

  5. La crisis financiera global de los noventa bajo la sombra de los derivados financieros

    Ayca Sarialioglu - Hayali

    2010-01-01

    El objetivo de este artículo es analizar el papel de los instrumentos financieros derivados en las crisis financieras internacionales del mundo en desarrollo en los noventa, tales como la crisis del sureste de Asia en 1997 y la crisis brasileña en 1999, etc. Al respecto, este artículo analiza el papel de los derivados financieros en las crisis internacionales, en términos de los efectos directos de crisis como el elemento principal para crear vulnerabilidad y disparar una masiva y rápida sali...

  6. Crisis financiera global y la emergencia de nuevas arquitecturas financieras para el desarrollo (primera parte

    Ilene Grabel

    2012-09-01

    Full Text Available La crisis actual está resultando productiva en cuanto a experimentación institucional, en el debate y puesta en práctica de arquitecturas financieras del mundo en desarrollo. El empuje hacia tal experimentación surgió desde la crisis financiera de Asia del Este de 1997-98, la cual provocó que algunos países en desarrollo tomaran medidas para protegerse de turbulencias futuras, sanciones del Fondo Monetario Internacional (FMI, y la intromisión en su espacio de decisiones políticas. En este trabajo se argumenta que hay claras y diversas indicaciones que la arquitectura financiera global ahora está evolucionando de manera que contribuye a una nueva heterogeneidad institucional. En algunas innovaciones institucionales y políticas se ve la emergencia de una arquitectura financiera que está mucho menos ligada a los Estados Unidos (US y al FMI, que había sido lo normal en las ultimas décadas. Además, el creciente poder económico, la autoestima y el protagonismo de quienes formulan las políticas económicas en algunos países en desarrollo (y al mismo tiempo, la incertidumbre correspondiente acerca de las economías de US y Europa están trastornando los modos tradicionales de gobernabilidad financiera y dispersando el poder a lo largo del sistema financiero global. La presente entrega es una versión actualizada de la presentada en marzo 2012, preparada como un Background Paper para el Informe sobre Desarrollo Humando, 2012, A Changing World and the Rise of the Global South. Agradezco el Programa de las Naciones Unidas para el Desarrollo por su apoyo a esta investigación; la cual se benefició de los comentarios de George DeMartino y la ayuda de investigación ejemplar de Ryan Economy, Ann Job, and Art Chambers. La traducción al español estuvo a cargo de Wesley Marshall y Eugenia Correa. Ola Financiera presenta la primera parte en este número; la segunda parte aparecerá en Ola Financiera Número 13 (enero-abril de 2013.

  7. Potential ramifications of the global economic crisis on human-mediated dispersal of marine non-indigenous species.

    Floerl, Oliver; Coutts, Ashley

    2009-11-01

    The global economy is currently experiencing one of its biggest contractions on record. A sharp decline in global imports and exports since 2008 has affected global merchant vessel traffic, the principal mode of bulk commodity transport around the world. During the first quarter of 2009, 10% and 25% of global container and refrigerated vessels, respectively, were reported to be unemployed. A large proportion of these vessels are lying idle at anchor in the coastal waters of South East Asia, sometimes for periods of greater than 3 months. Whilst at anchor, the hulls of such vessels will develop diverse and extensive assemblages of marine biofouling species. Once back in service, these vessels are at risk of transporting higher-than-normal quantities of marine organisms between their respective global trading ports. We discuss the potential ramifications of the global economic crisis on the spread of marine non-indigenous species via global commercial shipping.

  8. A Cross-Country Analysis Regarding the Impact of the Recent Global Crisis on the Banking Sector

    Angela ROMAN

    2011-06-01

    Full Text Available The current global crisis has had tremendous effects on the banking sectors from the new EU member countries. In this context it becomes important to analyse how the crisis has affected these banking systems and also how the monetary authorities from these countries have reacted in such an adverse situation in order to ensure the macro-stability and the re-launch of the lending process. In order to achieve this, firstly we have reviewed the academic literature on this subject, in order to avoid any overlap in our research and to ensure the originality of our undertaking. Secondly, using a quantitative approach, we have comparatively analysed the effects of the economic and financial crisis on the banking systems from our panel.

  9. Global Environmental Change: An integrated modelling approach

    Den Elzen, M.

    1993-01-01

    Two major global environmental problems are dealt with: climate change and stratospheric ozone depletion (and their mutual interactions), briefly surveyed in part 1. In Part 2 a brief description of the integrated modelling framework IMAGE 1.6 is given. Some specific parts of the model are described in more detail in other Chapters, e.g. the carbon cycle model, the atmospheric chemistry model, the halocarbon model, and the UV-B impact model. In Part 3 an uncertainty analysis of climate change and stratospheric ozone depletion is presented (Chapter 4). Chapter 5 briefly reviews the social and economic uncertainties implied by future greenhouse gas emissions. Chapters 6 and 7 describe a model and sensitivity analysis pertaining to the scientific uncertainties and/or lacunae in the sources and sinks of methane and carbon dioxide, and their biogeochemical feedback processes. Chapter 8 presents an uncertainty and sensitivity analysis of the carbon cycle model, the halocarbon model, and the IMAGE model 1.6 as a whole. Part 4 presents the risk assessment methodology as applied to the problems of climate change and stratospheric ozone depletion more specifically. In Chapter 10, this methodology is used as a means with which to asses current ozone policy and a wide range of halocarbon policies. Chapter 11 presents and evaluates the simulated globally-averaged temperature and sea level rise (indicators) for the IPCC-1990 and 1992 scenarios, concluding with a Low Risk scenario, which would meet the climate targets. Chapter 12 discusses the impact of sea level rise on the frequency of the Dutch coastal defence system (indicator) for the IPCC-1990 scenarios. Chapter 13 presents projections of mortality rates due to stratospheric ozone depletion based on model simulations employing the UV-B chain model for a number of halocarbon policies. Chapter 14 presents an approach for allocating future emissions of CO 2 among regions. (Abstract Truncated)

  10. Analysis of the Banking Sector Performance in Bosnia and Herzegovina, Montenegro and Serbia Before and After the Global Financial Crisis

    Bošnjak Antonija

    2017-12-01

    Full Text Available The focus of this study is the banking sector of the three neighbouring countries Bosnia and Herzegovina; Montenegro; and Serbia. These are former communist countries which have been going through the transition from centrally-planned economies to open market economies over the past 25 years. During the transition process, structural reforms were conducted to transform the banking sector into a sector suitable for open market economy. These reforms are considered to be the most successful ones in the region. Before the Global Financial Crisis of 2008-09, the economies of the three selected countries were experiencing credit booms. The aim of this research was to examine how the banking sector is performing on an aggregated level years after the crisis and whether the performance is better or worse compared to the pre-crisis period. The findings show that the banking sector was performing better before the crisis in all three countries. After the crisis, the three countries experienced prolonged slow credit growth and had higher nonperforming loans.

  11. Challenges resulting from the global economic crisis, and responses by Vietnamese woman-led, export-oriented enterprises: A preliminary inquiry

    Hung, Nguyen Manh; Anh, Truong Thi Kim; Huong, Vu Thanh

    2012-01-01

    While Vietnamese businesswomen have exhibited their excellent capability in overcoming the global economic crisis as well as their readiness to play an essential role in rebuilding the post-crisis economy, the country's women-led export enterprises that are facing post-crisis challenges are in the need of suitable policy support and "hand-holding" to successfully navigate this difficult period. This research paper is a preliminary attempt to inquire, through a small sample survey, the respons...

  12. Environmental Progression: The Psychological Justification for Reframing Climate Change and Global Warming

    Veldey, S. H.

    2016-12-01

    On-going research in climate science communication through environmental media has uncovered critical barriers to reducing denial and increasing agency in addressing the threat of climate change. Similar to framing of our changing environment as "global warming", the term "climate change" also fails to properly frame the most critical challenge our species has faced. In a set of preliminary studies, significant changes in climate crisis denial, both positive and negative, have resulted from different media messaging. Continuation of this research utilizes social judgement theory (SJT) to classify a broader spectrum of effective avenues for environmental communication. The specificity of the terms global warming and climate change limit inclusion of issues critical to understanding their impacts. Now that the masses know what climate change is, it's time to teach them what it means.

  13. EFFECTS OF THE GLOBAL FINANCIAL CRISIS IN THE BANKING SYSTEM OF KOSOVO

    Myrvete Badivuku-Pantina; Anera Alishani

    2012-01-01

    Financial crises are phenomena that happened before and continue to happen even nowadays. There were many financial crises in the last century, starting with the Great Depression of 1929 and continuing with other financial crisis, and it was believed that people would learn from their previous experiences and would not allow the crisis to happen again. But the financial crisis of 2007, created the impression that no one wanted to learn for the real causes of their occurrence and consequences,...

  14. Facing the Global Economic Crisis: the Case of Swedish Heavy Vehicle Subcontractors

    Helmersson, Andreas; Radway, Robert

    2010-01-01

    In this paper, we investigate organisational responses to an economic crisis within a group of seven subcontractors in the Swedish heavy vehicle industry. Although the participating firms had similar exposures to an abrupt and severe shift in demand, their performances during the crisis varied extensively. One year after the crisis began, some firms were still encountering financial problems threatening their survival, yet others had orchestrated a recovery that was generating healthy cash fl...

  15. Structural changes in the minimal spanning tree and the hierarchical network in the Korean stock market around the global financial crisis

    Nobi, Ashadun; Maeng, Seong Eun; Ha, Gyeong Gyun; Lee, Jae Woo

    2015-04-01

    This paper considers stock prices in the Korean stock market during the 2008 global financial crisis by focusing on three time periods: before, during, and after the crisis. Complex networks are extracted from cross-correlation coefficients between the normalized logarithmic return of the stock price time series of firms. The minimal spanning trees (MSTs) and the hierarchical network (HN) are generated from cross-correlation coefficients. Before and after the crisis, securities firms are located at the center of the MST. During the crisis, however, the center of the MST changes to a firm in heavy industry and construction. During the crisis, the MST shrinks in comparison to that before and that after the crisis. This topological change in the MST during the crisis reflects a distinct effect of the global financial crisis. The cophenetic correlation coefficient increases during the crisis, indicating an increase in the hierarchical structure during in this period. When crisis hits the market, firms behave synchronously, and their correlations are higher than those during a normal period.

  16. The global financial crisis and the behavior of short-term interest rates: International and Serbian aspects

    Đukić Đorđe

    2009-01-01

    Full Text Available Throughout the current global financial crisis the market has continued to fall due to a lack of confidence of those banks that are not yet prepared to lend on the interbank money market. For instance, the negative repercussions of the crisis onto the Serbian financial sector have created a number of issues including a significant increase in lending rates, a difficulty, or impossibility, for the corporate sector to use cheap cross-border loans and a reduction in the supply of foreign exchange on that basis. The inability of the National Bank of Serbia to follow the aggressive reduction of the key interest rate that has been implemented by central banks in developed countries, partly explains the lack of a decline in short-term interest rates by the Serbian banking industry. The first section of the paper focuses on the effects of the financial crisis through the behavior of short-term interest rates in the US and Europe, while the second section gives an estimation of the effects of the global financial crisis on interest rates in the banking industry in Serbia.

  17. How many infants likely died in Africa as a result of the 2008-2009 global financial crisis?

    Friedman, Jed; Schady, Norbert

    2013-05-01

    The human consequences of the recent global financial crisis for the developing world are presumed to be severe, but few studies have quantified them. This letter estimates the human cost of the 2008-2009 global financial crisis in one critical dimension-infant mortality-for countries in sub-Saharan Africa. The analysis pools birth-level data, as reported in female adult retrospective birth histories from all Demographic and Health Surveys collected in sub-Saharan Africa. This results in a data set of 639,000 births to 264,000 women in 30 countries. We use regression models with flexible controls for temporal trends to assess an infant's likelihood of death as a function of fluctuations in national income. We then calculate the expected number of excess deaths by combining these estimates with growth shortfalls as a result of the crisis. The results suggest 28,000-50,000 excess infant deaths in sub-Saharan Africa in the crisis-affected year of 2009. Notably, most of these additional deaths were concentrated among girls. Policies that protect the income of poor households and that maintain critical health services during times of economic contraction may reduce the expected increase in mortality. Interventions targeted at female infants and young girls can be particularly beneficial. Copyright © 2012 John Wiley & Sons, Ltd.

  18. THE MOTIVATION OF MAN TO WORK: IMPACT OF THE GLOBAL ECONOMIC CRISIS STUDY

    Felipe Carvalho F. Nars

    2013-06-01

    Full Text Available The general objective of this research is to identify significant differences in the levels of ‘Satisfactionand Motivation’ among employees of the Best Companies to Work For in Brazil, elected by Guia VocêS/A-Exame, between 2007 and 2009. The specific objectives seek to: (1 verify if the result of the category‘Satisfaction and Motivation’ in 2009 differs significantly from 2007 and 2008, (2 assess the variations inthe indices that composes the result of this category in 2009 and relate them to the theory of motivation,and (3 identify elements in the speech of employees that demonstrate the actions taken by companiesbefore the global economic crisis in 2009 to keep them motivated and relate them to the theory of managementin the era of economic turbulence. The theoretical framework addresses three main issues: (1organizational climate - its relationship to the organizational system and motivation, the importance ofits measurement through organizational climate surveys structured by categories and actions of seniormanagement due to its results. (2 Motivation - a conceptual overview and the recent discussion aboutthe meaning assigned to work as a source of motivation. (3 The management in the era of economicturbulence - the role of leadership dealing with new challenges of management in the chaos, clarity andeffectiveness communication due to maintain team morale in times of crisis. In order to find the answersto the proposed problem, we performed a descriptive analysis with focus on quantitative and qualitativedata. The survey sample was comprised of 66 companies that figured in the Guides for 2007, 2008 and2009. The Statistical analysis was given by applying the Kolmogorov-Smirnov (KS test, additionally theGeneral Linear Model (GLM and the selection method of Wilks Lambda. The quantitative results obtainedby applying hypothesis and comparison tests between means showed a drop in the levels of ‘Satisfactionand Motivation’ in 2009

  19. Selected spatial effects of the global financial and economic crisis in Ljubljana, Slovenia

    Simon Kušar

    2012-01-01

    Full Text Available In 2007, the United States witnessed a financial crisis that gradually developed into one of the most serious global financial and economic recessions in the history of (postmodern society. Its effects are numerous. This article studies one of its spatial effects; that is, newly built (after 2005 residential and office buildings that are either unfinished or already built but not fully occupied. In Ljubljana in November 2011, there were ninety-seven locations with unoccupied or partly occupied residential houses and office buildings or groups of houses and office buildings together with abandoned or active construction sites. The majority of the structures studied were predominately represented by several blocks of flats and groups of dwellings. The others are office buildings or buildings and complexes with distinctively mixed residential-business functions. There are more than 1,500 empty flats and almost 75,000 m² of office area in the buildings surveyed. Spatial analysis showed that the structures surveyed are relatively scattered throughout Ljubljana. However, there were some clusters of buildings, especially in areas with the best accessibility. This article analyses the causes of this phenomenon, which is creating a new morphological element in Ljubljana. The article concludes by stating possible directions for future research.

  20. Financial Stabilisation of Global Economy Countries under Conditions of the Debt Crisis

    Vovchenko Natalia G.

    2014-01-01

    Full Text Available European crisis hinders global restoration of economy, the growth of restoration slows down. All these require supranational solutions: creatio9n of regulation structures and new financial instruments in order to preserve stable world financial order. Methods of quantitative easing (QE, carried out by the American Federal Reserve System and Bank of England, aim at stimulation of private sector activity through reduction of loan cost, generation of positive effects of well-being and increase of investment income. Purchase of assets efficiently move dangerous financial assets from private sector to the balance of the central bank or special QE fund in exchange to risk free reserves of the central bank. Thus, both types of measures are performed by means of risks, accumulating on balances of central banks and indirectly on the balance of state administration. Exchange of information between relevant agencies, including debt administration office, state enterprises that administer assets and central bank, is important for efficient administration of all state assets and liabilities. Proper assessment of financial positions requires all-sided and transparent reporting of all state liabilities and assets. Besides, financial transparency facilitates consolidation.

  1. THE SOUNDNESS OF THE BANKING SYSTEM DURING THE GLOBAL FINANCIAL CRISIS

    Ioana-Iuliana TOMULEASA

    2014-04-01

    Full Text Available The economic world is currently under the sign of profound changes, determined, in a significant extent, by the mutations in financial markets, the regulatory and institutional changes, illustrating its powerful impact on the financial system actors. The paper’s main purpose is to provide a comparative analysis of the performance and efficiency of commercial banks in seven European Union countries and an empirical analysis regarding the soundness of the Romanian banking system. The analysis undertaken in the paper highlights the need for banks to apply essential adjustments in their activity, such as the orientation to a new banking model, or the gearing to the latest regulations and tighter conditions of supervision on the financial sector. There were pointed out a series of issues which captured the overwhelming implications of the global financial crisis on the “health” of the financial system in EU, noticing the need for further measures that have as a main goal the avoidance of a financial system collapse.

  2. The effects of the global financial crisis on the Australian building construction supply chain

    Ram Karthikeyan Thangaraj

    2012-09-01

    Full Text Available This study involves a financial analysis of 43 publicly listed and large private companies in the building and construction supply chain from 2005 to 2010; straddling the period of the global financial crisis (GFC; and examines the impact of the GFC on the performance of these companies. The construction supply chain was divided into four sectors – material suppliers, construction companies, property developers and real estate investment trusts (REITs. The findings indicate that the impact was minimal for both material suppliers and construction companies, but especially severe for the more leveraged property developers and REITs. Building material suppliers and construction companies have benefitted substantially from the building economic stimulus package provided by the Australian government to mitigate the effects of the GFC. Decreases in the valuation of assets have, to a large extent, reduced the profitability of property developers and REITs during the GFC but these companies have recovered quickly from these adverse conditions to return to a sound financial position by the end of the 2010 financial year. The results will inform investors, managers and construction professionals in devising strategies for prudent financial management and for weathering future financial crises.

  3. The 2008 Global Financial Crisis: The Case of a Market with Consistent Losses Ever Since

    Hadeel Yaseen

    2015-03-01

    Full Text Available Following the 2008 global financial crisis, and in common with many stock markets around the world, the Amman Securities Exchange (ASE experienced some heavy losses. However, what makes the Jordanian market probably different is its inability to recover. The weighted price index fell from 7519.3 points in 2007 to 5520.1 points in 2009, to 4593.9 points in 2012, and to 4336.7 points by the end of 2013 respectively. With a statutory minimum tick which is equal to one pence, this observation has some serious implications to the liquidity cost that prevails in the Jordanian capital market, and the cost of financing listed firms. The primary aim of this research paper is to examine the impact of the stock market crash in Jordan on liquidity cost. Based on a total number of 108 listed stocks and daily data during the years 2007 and 2009, the empirical results indicate that liquidity cost on the Jordanian capital market is high. In addition, the results show that the 2009 stock market crash has led to a substantial increase in liquidity cost. In other words, the market must consider a number of remedial measures to improve its’ operational efficiency.

  4. “STRONG” AND “WEAK” GLOBAL ENVIRONMENTAL CONCEPTS

    Nikolay Dronin

    2010-01-01

    Full Text Available Many global environmental issues being subject of ambitious international environmental politics could look very different in terms of scientific justification. This was revealed during interviews made by the author with some leading American environmental scientists. All interviewed American scientists granted minor confidence to three environmental issues—deforestation, desertification and biodiversity loss, while two issues—the ozone depletion and climate change—were deserved high degree of confidence. The striking difference in evaluation of the global concepts of environmental issues is discussed in the context of the classical epistemological problem of coexistence of “strong” and “weak” theories in modern science. The normative character of epistemology suggests that some ways of raising scientific credibility of the backward environmental concepts can be proposed. Better justification of these global environmental issues can help to move forward the environmental politics which have shown mere stagnation during the last years.

  5. Efficiency and cross-correlation in equity market during global financial crisis: Evidence from China

    Ma, Pengcheng; Li, Daye; Li, Shuo

    2016-02-01

    Using one minute high-frequency data of the Shanghai Composite Index (SHCI) and the Shenzhen Composite Index (SZCI) (2007-2008), we employ the detrended fluctuation analysis (DFA) and the detrended cross correlation analysis (DCCA) with rolling window approach to observe the evolution of market efficiency and cross-correlation in pre-crisis and crisis period. Considering the fat-tail distribution of return time series, statistical test based on shuffling method is conducted to verify the null hypothesis of no long-term dependence. Our empirical research displays three main findings. First Shanghai equity market efficiency deteriorated while Shenzhen equity market efficiency improved with the advent of financial crisis. Second the highly positive dependence between SHCI and SZCI varies with time scale. Third financial crisis saw a significant increase of dependence between SHCI and SZCI at shorter time scales but a lack of significant change at longer time scales, providing evidence of contagion and absence of interdependence during crisis.

  6. Did Korean Monetary Policy Help Soften the Impact of the Global Financial Crisis of 2008-2009?

    Subir Lall; Selim Elekdag; Harun Alp

    2012-01-01

    Korea was one of the Asian economies hardest hit by the global financial crisis. Anticipating the downturn that would follow the episode of extreme financial stress, the Bank of Korea (BOK) let the exchange rate depreciate as capital flowed out, and preemptively cut the policy rate by 325 basis points. But did it work? This paper seeks a quantitative answer to the following question: Were it not for an inflation targeting framework underpinned by a flexible exchange rate regime, how much deep...

  7. Global financial crisis, ownership and bank profit efficiency in the Bangladesh's state owned and private commercial banks

    Kamarudin, Fakarudin; Sufian, Fadzlan; Nassir, Annuar Md.

    2016-01-01

    Abstract: This paper studies the impact of global financial crisis focusing on State Owned Commercial Banks (SCBs) and Private Commercial Banks (PCBs) ownership and others bank specific and macroeconomics factors influencing profit efficiency level of the Bangladesh banking sector. The Slack-Based Data Envelopment Analysis (SBM-DEA) method employed to compute the profit efficiency of 31 commercial banks operating in the Bangladesh over the years 2004-2011. Furthermore, the multivariate panel ...

  8. Portugal and the Global Financial Crisis – short-sighted politics, deteriorating public finances and the bailout imperative

    Paulo T. Pereira,; Lara Wemans,

    2012-01-01

    The aim of this paper is twofold. On the one hand to explain the institutional, economic and political foundations of the Portuguese bailout in April 2011. On the other hand, to clarify the impact of the global financial crisis (GFC) in Portuguese public finances, and the interaction between domestic fiscal policy and monitoring and recommendations from the European Commission (EC) and the European Council (ECo). A long run perspective (1974-2011) on management of public finances ...

  9. The Global Financial Crisis: Countercyclical Fiscal Policy Issues and Challenges in Malaysia, Indonesia, the Philippines, and Singapore

    Doraisami, Anita

    2011-01-01

    Several countries have employed countercyclical fiscal policy to ameliorate the impact of the global financial crisis. This study identifies some of the issues and policy implications associated with this policy response in developing countries. Included are case studies of four developing countries in the Asian region—Malaysia, Indonesia, the Philippines, and Singapore. The findings point to a rich diversity in both the size and composition of fiscal stimulus and the challenges which ar...

  10. The Network of U.S. Mutual Fund Investments: Diversification, Similarity and Fragility throughout the Global Financial Crisis

    Delpini, Danilo; Battiston, Stefano; Caldarelli, Guido; Riccaboni, Massimo

    2018-01-01

    Network theory proved recently to be useful in the quantification of many properties of financial systems. The analysis of the structure of investment portfolios is a major application since their eventual correlation and overlap impact the actual risk diversification by individual investors. We investigate the bipartite network of US mutual fund portfolios and their assets. We follow its evolution during the Global Financial Crisis and analyse the interplay between diversification, as unders...

  11. Effects of Financial Crises on the Long Memory Volatility Dependency of Foreign Exchange Rates: the Asian Crisis vs. the Global Crisis

    Young Wook Han

    2014-03-01

    Full Text Available This paper examines the effects of financial crises on the long memory volatility dependency of daily exchange returns focusing on the Asian crisis in 97-98 and the Global crisis in 08-09. By using the daily KRW-USD and JPY-USD exchange rates which have different trading regions and volumes, this paper first applies both the parametric FIGARCH model and the semi-parametric Local Whittle method to estimate the long memory volatility dependency of the daily returns and the temporally aggregated returns of the two exchange rates. Then it compares the effects of the two financial crises on the long memory volatility dependency of the daily returns. The estimation results reflect that the long memory volatility dependency of the KRW-USD is generally greater than that of the JPY-USD returns and the long memory dependency of the two returns appears to be invariant to temporal aggregation. And, the two financial crises appear to affect the volatility dynamics of all the returns by inducing greater long memory dependency in the volatility process of the exchange returns, but the degree of the effects of the two crises seems to be different on the exchange rates.

  12. Environmental health: from global to local

    Frumkin, Howard

    2010-01-01

    .... Also emphasizing a wide variety of issues of global interest, the thoroughly revised second edition contains updated information on such timely topics as toxicology, exposure assessment, climate...

  13. Environmental variation and population responses to global change

    Lawson, Callum R.; Vindenes, Yngvild; Bailey, Liam; van de Pol, Martijn

    2015-01-01

    Species' responses to environmental changes such as global warming are affected not only by trends in mean conditions, but also by natural and human-induced environmental fluctuations. Methods are needed to predict how such environmental variation affects ecological and evolutionary processes, in

  14. The effect of the global financial crisis on preventable hospitalizations among the homeless in New York State.

    White, Brandi; Ellis, Charles; Jones, Walter; Moran, William; Simpson, Kit

    2018-04-01

    Objective Periods of economic instability may increase preventable hospitalizations because of increased barriers to accessing primary care. For underserved populations such as the homeless, these barriers may be more pronounced due to limited resources in the health care safety net. This study examined the impact of the global financial crisis of 2007-2008 on access to care for the homeless in New York State. Methods Hospitalizations for ambulatory care sensitive conditions (ACSCs) were used as a proxy measure for primary care access. Admissions for ACSCs were identified in the New York State Inpatient Database from 2006 to 2012. Hospitalization rates for ACSCs were calculated for the homeless and nonhomeless. Multivariable linear regression was used to investigate the impact of the financial crisis on hospitalization rates for ACSCs. Results The findings indicate that during the financial crisis, homeless adults had significantly higher preventable hospitalizations than nonhomeless adults, and the uninsured homeless had significantly higher preventable hospitalizations when compared to other homeless subgroups. After the financial crisis, preventable hospitalizations for the homeless stabilized but remained at higher rates than those for the nonhomeless. Conclusions These findings are important to developing health policies designed to provide effective care for underserved population such as the homeless.

  15. Forced Migration and Global Responsibility for Health Comment on "Defining and Acting on Global Health: The Case of Japan and the Refugee Crisis".

    Bozorgmehr, Kayvan; Razum, Oliver

    2016-11-05

    Forced migration has become a world-wide phenomenon in the past century, affecting increasing numbers of countries and people. It entails important challenges from a global health perspective. Leppold et al have critically discussed the Japanese interpretation of global responsibility for health in the context of forced migration. This commentary complements their analysis by outlining three priority areas of global health responsibility for European Union (EU) countries. We highlight important stages of the migration phases related to forced migration and propose three arguments. First, the chronic neglect of the large number of internally displaced persons (IDPs) in the discourses on the "refugee crisis" needs to be corrected in order to develop sustainable solutions with a framework of the Sustainable Development Goals (SDGs). Second, protection gaps in the global system of protection need to be effectively closed to resolve conflicts with border management and normative global health frameworks. Third, effective policies need to be developed and implemented to meet the health and humanitarian needs of forced migrants; at the same time, the solidarity crisis within the EU needs to be overcome. These stakes are high. EU countries, being committed to global health, should urgently address these areas. © 2017 The Author(s); Published by Kerman University of Medical Sciences. This is an open-access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

  16. The impact of the financial crisis on the global seaborne hard coal market. Are there implications for the future?

    Rademacher, Maggi; Braun, Raphael [E.ON Kraftwerke GmbH, Hannover (Germany)

    2011-06-15

    The global financial crisis in 2008 sent commodity markets spinning which caused demand to erode, price levels to quickly plummet and project financing costs to rise. In this paper, the authors examine the impacts the economic slowdown has had on the global seaborne hard coal market looking at the impacts for both coking (metallurgical) and thermal (steam) coals including pricing, supply availability, demand and aggregated mine level production costs. The hard coal market experienced a significant slow down; the commodity has bounced back strongly in 2010 driven by strong Asian demand at growth rates above historic levels and strong projections for the future. (orig.)

  17. Science during crisis: the application of social science during major environmental crises

    Machlis, Gary; Ludwig, Kris; Manfredo, Michael J.; Vaske, Jerry J.; Rechkemmer, Andreas; Duke, Esther

    2014-01-01

    Historical and contemporary experience suggests that science plays an increasingly critical role in governmental and institutional responses to major environmental crises. Recent examples include major western wildfires (2009), the Deepwater Horizon oil spill (2010), the Fukushima nuclear accident (2011), and Hurricane Sandy (2012). The application of science during such crises has several distinctive characteristics, as well as essential requirements if it is to be useful to decision makers. these include scope conditions that include coupled natural/human systems, clear statement of uncertainties and limitations, description of cascading consequences, accurate sense of place, estimates of magnitude of impacts, identification of beneficiaries and those adversely affected, clarity and conciseness, compelling visualization and presentation, capacity to speak "truth to power", and direct access to decision makers. In this chapter, we explore the role and significance of science – including all relevant disciplines and focusing attention on the social sciences – in responding to major environmental crises. We explore several important questions: How is science during crisis distinctive? What social science is most useful during crises? What distinctive characteristics are necessary for social science to make meaningful contributions to emergency response and recovery? How might the social sciences be integrated into the strategic science needed to respond to future crises? The authors, both members of the Department of the Interior's innovative Strategic Sciences Group, describe broad principles of engagement as well as specific examples drawn from history, contemporary efforts (such as during the Deepwater Horizon oil spill), and predictions of environmental crises still to be confronted.

  18. Global environmental change and sustainable development in Europe

    Jaeger, J.; Liberatore, A.; Grundlach, K. [eds.

    1995-12-31

    The document contains all but two papers presented at the Workshop as well as a summary of the contributions and discussions, a list of socio-economic research priorities identified at the meeting and a policy brief based on the themes woven together at the Workshop. The workshop was organised within the framework of the European Network for Research in Global Change (ENRICH). Papers include: global environmental change and sustainable development in Europe and in the Mediterranean basin, water management and global environmental change policies, human impacts on the nitrogen cycle, the merchandising of biodiversity, environmental performance indicators, urban sustainability indicators and strategies for sustainability.

  19. Rethinking environmental leadership: The social construction of leaders and leadership in discourses of ecological crisis, development and conservation

    Case, P.; Evans, L.; Fabinyi, M.; Cohen, P.; Hicks, C.; Prideaux, M.; Mills, D.

    2015-01-01

    Leadership is heralded as being critical to addressing the ‘crisis of governance’ facing the Earth’s natural systems. While political, economic and corporate discourses of leadership have been widely and critically interrogated, narratives of environmental leadership remain relatively neglected in the academic literature. The aims of this paper are twofold. Firstly, to highlight the centrality and importance of environmental science’s construction and mobilization of leadership discourse. Sec...

  20. Will we survive the future. Environmental crisis - material and ethical aspects. Ueberleben wir die Zukunft. Umweltkrise - materielle und ethische Aspekte

    Pies, E [ed.

    1979-01-01

    The book, which was written for adult education, gives a survey of the present state of environmental policy and the energy controverse. Politicians and scientists discuss subjects like the limits of growth and the energy crisis, discussions and alternatives in energy policy. Some voices from the church attempt on environmental ethics where the goal of survival and the values in life are reconsidered in order to obtain a basis for individual and collective behaviour.

  1. THE EFFECTS OF STOCK OPTION COMPENSATION ONMANAGERIAL RISK TAKING BEHAVIOR AND FIRM FINANCIALPERFORMANCETHE GLOBAL FINANCIAL CRISIS FROM ADIFFERENT PERSPECTIVE

    Guler Aras

    2012-07-01

    Full Text Available The aim of this study is to figure out whether managerial risk taking behaviourand firm financial performance is effected by stock option compensation.Inliterature stock optioncompensationismentionedasa meansto solve agencyproblems. It is analysed how stock option compensation aligns theshareholders’andmanagers’ interestsand its effects on firm financialperformance. Additionally, it isinvestigatedwhether this effecthas a link to theglobal financial crisis which hasobviously related to the managers’extreme riskseeking behaviourespecially in financial sector. Inthis study, 189 firms fromS P index are analysedutilizingthe panel dataanalysismethod between years1998-2009. Additionally, regression method is used to measureeach year. Thedata set is grouped as financial and non financial sector tobetterpresent theeffects of global financial crisis.According to the results of this study, stockoption compensation is positively related to investment magnitudes which aretaken as indicators of risk taking behavior.On the other hand, it is negativelyrelated to firm financial performance.According to the results of yearlycomparison, in financial sector the invesment magnitudes are bigger than the nonfinancial sector just two years before the financial crisis and net cash flow fromthe investing activities is significantly negative when compared with non financialsector.Therefore,it is aimed to findoutthe relation between the extreme riskseeking behaviorbefore the global financial crisisand the incentive compensationstructures.

  2. Effects of global financial crisis on funding for health development in nineteen countries of the WHO African Region.

    Kirigia, Joses M; Nganda, Benjamin M; Mwikisa, Chris N; Cardoso, Bernardino

    2011-04-13

    There is ample evidence in Asia and Latin America showing that past economic crises resulted in cuts in expenditures on health, lower utilization of health services, and deterioration of child and maternal nutrition and health outcomes. Evidence on the impact of past economic crises on health sector in Africa is lacking. The objectives of this article are to present the findings of a quick survey conducted among countries of the WHO African Region to monitor the effects of global financial crisis on funding for health development; and to discuss the way forward. This is a descriptive study. A questionnaire was prepared and sent by email to all the 46 Member States in the WHO African Region through the WHO Country Office for facilitation and follow up. The questionnaires were completed by directors of policy and planning in ministries of health. The data were entered and analyzed in Excel spreadsheet. The main limitations of this study were that authors did not ask whether other relevant sectors were consulted in the process of completing the survey questionnaire; and that the overall response rate was low. The main findings were as follows: the response rate was 41.3% (19/46 countries); 36.8% (7/19) indicated they had been notified by the Ministry of Finance that the budget for health would be cut; 15.8% (3/19) had been notified by partners of their intention to cut health funding; 61.1% (11/18) indicated that the prices of medicines had increased recently; 83.3% (15/18) indicated that the prices of basic food stuffs had increased recently; 38.8% (7/18) indicated that their local currency had been devalued against the US dollar; 47.1% (8/17) affirmed that the levels of unemployment had increased since the onset of global financial crisis; and 64.7% (11/17) indicated that the ministry of health had taken some measures already, either in reaction to the global financing crisis, or in anticipation. A rapid assessment, like the one reported in this article, of the

  3. The adaptation of monetary policy to the constraints of the global financial crisis by central banks of ASEAN-5 countries

    Sorina BOTIŞ

    2015-12-01

    Full Text Available Global financial crisis represented an important test for central banks, generating multiple challenges that gave rise to both expanding their monetary policy tools and redefining its role in the financial system. The present work aims to identify the characteristics of the monetary policy by the central banks of the five countries belonging to ASEAN-5 Group(Indonesia, Malaysia, the Philippines, Singapore and Thailand, during and after the outbreak of the international financial crisis. For this purpose we carried out a comparative analysis between the five central bank s belonging to the Group, both in terms of the challenges of the monetary policy and the type of measures taken in response to the first. The analysis shows that central banks have different levels of responsibilities, corresponding to the internal economic and financial realities, and also different ways of adaptation and adjustment of their monetary policy.

  4. The impact of financial globalization and financialization on the economy in the current crisis through banking corporate governance

    Juan Antonio Azkunaga

    2013-10-01

    Full Text Available This work analyzes the role of governance of financial entities in the current crisis. Neoliberal economic policies, deregulation and liberalization have characterized financial globalization, giving rise to the financialization of the economy. This paper, using the analysis-synthesis method, shows that the corporate governance of entities has adapted to the new social environment under the influence of the interests of the investors. The results of this paper suggest the need to monitor the over-emphasis on the maximization of short-term shareholder value without relativizing the risk taken to achieve it, as such, the emphasis on short-term shareholder value is considered a crucial contributing factor to the present crisis.

  5. A global assessment of market accessibility and market influence for global environmental change studies

    Verburg, Peter H [Institute for Environmental Studies, Amsterdam Global Change Institute, VU University Amsterdam, De Boelelaan 1087, 1081 HV Amsterdam (Netherlands); Ellis, Erle C [Department of Geography and Environmental Systems, University of Maryland, Baltimore County, Baltimore, MD 21250 (United States); Letourneau, Aurelien, E-mail: Peter.Verburg@ivm.vu.nl [UMR 5175 Centre d' Ecologie Fonctionnelle and Evolutive, Centre National de la Recherche Scientifique, 1919 Route de Mende, 34293 Montpellier cedex 5 (France)

    2011-07-15

    Markets influence the global patterns of urbanization, deforestation, agriculture and other land use systems. Yet market influence is rarely incorporated into spatially explicit global studies of environmental change, largely because consistent global data are lacking below the national level. Here we present the first high spatial resolution gridded data depicting market influence globally. The data jointly represent variations in both market strength and accessibility based on three market influence indices derived from an index of accessibility to market locations and national level gross domestic product (purchasing power parity). These indices show strong correspondence with human population density while also revealing several distinct and useful relationships with other global environmental patterns. As market influence grows, the need for high resolution global data on market influence and its dynamics will become increasingly important to understanding and forecasting global environmental change.

  6. A global assessment of market accessibility and market influence for global environmental change studies

    Verburg, Peter H.; Ellis, Erle C.; Letourneau, Aurelien

    2011-07-01

    Markets influence the global patterns of urbanization, deforestation, agriculture and other land use systems. Yet market influence is rarely incorporated into spatially explicit global studies of environmental change, largely because consistent global data are lacking below the national level. Here we present the first high spatial resolution gridded data depicting market influence globally. The data jointly represent variations in both market strength and accessibility based on three market influence indices derived from an index of accessibility to market locations and national level gross domestic product (purchasing power parity). These indices show strong correspondence with human population density while also revealing several distinct and useful relationships with other global environmental patterns. As market influence grows, the need for high resolution global data on market influence and its dynamics will become increasingly important to understanding and forecasting global environmental change.

  7. A global assessment of market accessibility and market influence for global environmental change studies

    Verburg, Peter H; Ellis, Erle C; Letourneau, Aurelien

    2011-01-01

    Markets influence the global patterns of urbanization, deforestation, agriculture and other land use systems. Yet market influence is rarely incorporated into spatially explicit global studies of environmental change, largely because consistent global data are lacking below the national level. Here we present the first high spatial resolution gridded data depicting market influence globally. The data jointly represent variations in both market strength and accessibility based on three market influence indices derived from an index of accessibility to market locations and national level gross domestic product (purchasing power parity). These indices show strong correspondence with human population density while also revealing several distinct and useful relationships with other global environmental patterns. As market influence grows, the need for high resolution global data on market influence and its dynamics will become increasingly important to understanding and forecasting global environmental change.

  8. Electric energy production and environmental licensing: citizenship in Brazil in time of ecological crisis

    Bettencourt, Marcia Pires da Luz

    2017-01-01

    The choices of energy sources gain relevance in the face of the ecological crisis which has a central questioning on the modes of production and consumption and that stems from a system which changes everything into merchandise. On one hand, brazilian electricity generation has the advantage of using clean energy in great part of its composition, at least in discourse. On the other hand, though, there are high social and environmental costs, especially for communities living near the regions where projects for the electricity sector are built. This research aimed to identify and analyse different modes society takes part in the process of choosing energy sources for electricity generation in Brazil. It discusses the links between the ecological crisis and the production of electrical energy; how the institutional mechanisms for social participation on issues related to the production of electric power in Brazil work; and, how civil society participates in environmental licensing in the National Environment Council (CONAMA). A set of related approaches to the nature of the ecological crisis and the forms of social participation was adopted in the theoretical framework and an analysis of the electric sector panorama in Brazil has been drawn up. In order to investigate the forms society participates in issues related to the composition of the brazilian electricity matrix, the methodology comprised a documentary analysis and a case study. They included three categories of actors: (1) CONAMA's councilors, (2) experts from the Field; and (3) actors involved in the diagnosis study, planning and management of the electricity sector. The research identified inconsistencies, ambiguities and other relevant issues about the participation of society in the production of electrical energy. Such issues are related to: deficiencies in the mechanisms for information access; lack of transparency and patterns in internal documents; lack of social participation in the elaboration of

  9. Graphical Methodology of Global Pollution Index for the Environmental Impact Assessment Using Two Environmental Components

    Corneliu Cojocaru; Diana Mariana Cocârţă; Irina Aura Istrate; Igor Creţescu

    2017-01-01

    One of the applied methods for environmental impact assessment is the index of global pollution (IGP) proposed by Rojanschi in 1991. This methodology enables the global estimation for the ecosystem state affected more or less by human activities. Unfortunately, Rojanschi’s method has a limitation; it can be applied only if at least three environmental components are considered. Frequently, many environmental impact assessment applications rely on analysis of only two environmental components....

  10. Fear and Nostalgia in Times of Crisis: The Paradoxes of Globalization in Oliver Stone’s Money Never Sleeps (2010

    Elena Oliete-Aldea

    2012-06-01

    Full Text Available The intense interconnectedness of 21st century globalization has provoked continuous re-definitions of the political, cultural, economic and social frontiers. The imminent consequence of these constant changes is an increasing feeling of instability and uncertainty in the postmodern individual, ultimately leading to vulnerability and fear. This anxiety has provoked a nostalgic search for the shelter of a community, symbolically represented by the ‘home’: the place where human bonds could make up for the unpredictable border-crossing forces of globalization. The question that remains is whether this ‘home’ is real or just a reflection of memories of imagined past securities.After a brief analysis of the contemporary processes of globalization in the light of the 2008 economic crisis, my aim in this paper is to study how the crossborder movements, which had optimistically facilitated the liberalization of global economies, have now become a source of threat and fear for U.S. American individuals. More concretely, I propose to focus on Oliver Stone’s film Wall Street, Money Never Sleeps (2010, as I believe that both this cinematographic production reflects and questions the anxieties and social contradictions that the crossing of political, cultural and economic frontiers has provoked in the context of the contemporary financial crisis.

  11. Restructuring of manufacture under global financial and economic crisis: The case of Estonia

    Kilvits Kaarel

    2014-01-01

    Full Text Available It was not possible for Estonia only by raising the technological level of enterprises and increasing so-called technical productivity to catch up in terms of productivity with the developed industrial countries. The structure of Estonian manufacture was out-of-date and required cardinal and fast changes toward greater value added. Every time a crisis hits, it brings about new breakthroughs in science and technology; promotes fundamental changes that take place in a relatively short period of time; gives birth to new industries; forms new growth points in the economy. The crisis has had a far-reaching impact on the world economy and has brought challenges and opportunities to all countries and all fields. In addition to big difficulties, the crisis provided for Estonian manufacture also an exceptionally good chance for change and development. The crisis had a purifying and disciplining effect, enabled to eliminate from the manufacture wrong investments and inefficient enterprises. Assets were redistributed from passive economic agents to active ones and in favour of those who had capital for growth financing. After the crisis the structure of Estonian manufacturing is more effective than before: 1 technological level higher; 2 organization of work more perfect; 3 value added and productivity higher; 4 position of value chain better; 5 maybe also the value chain itself new and better. But there are fewer jobs in the new structure of manufacturing than before the crisis. Economic, social, regional etc. stratification has increased. The influence of crisis is not over yet and there is still a risk of some setback in future. There may also arise new problems and old problems may grow sharper.

  12. Transparency in Global Environmental Governance: A Coming of Age?

    Gupta, A.

    2010-01-01

    This introductory article draws on the contributions to this special issue to consider the implications of a transparency turn in global environmental and sustainability governance. Three interrelated aspects are addressed: why transparency now? How is transparency being institutionalized? And what

  13. Study on fusion energy conformity with global environmental issues

    Kurihara, Kenichi

    1998-01-01

    Global environmental conformity has been one of the most important issues discussed recently as being required for all human activities. From this point of view, this report investigates whether nuclear fusion can be a benign energy source for the global environment. First of all, we chose the following global environmental problems: (1) Global warming, (2) Acid rain, (3) Ozonosphere destruction, (4) Air pollution, (5) Environmental hormones, (6) Radiation and radioactive materials, (7) Electromagnetic waves, and (8) Heat drainage from an energy source. Secondly, these problems were fully surveyed in terms of their relationships with proposed nuclear fusion power plant. Finally, as a result of this discussion, it was confirmed that a fusion power plant would not produce any new problems, but would partially contribute to solving some of the environmental problems. (author)

  14. Carbon and environmental footprinting of global biofuel production

    Hammond, Geoff P.; Seth, S.M.

    2013-01-01

    The carbon and environmental footprints associated with the global production of biofuels have been computed from a baseline of 2007-2009 out until 2019. Estimates of future global biofuel production were adopted from OECD-FAO and related projections. In order to determine the footprints associated with these (essentially 'first generation') biofuel resources, the overall environmental footprint was disaggregated into bioproductive land, built land, carbon, embodied energy, materials and wast...

  15. Green power and performance in global environmental governance

    Never, Babette

    2013-01-01

    From 10 to 11 June 2013, the Global Green Growth Summit will take place in Seoul. Policymakers, international organizations and experts from various fi elds will once again discuss how the transformation toward a green economy and more sustainable development paths can be managed. Global environmental governance is characterized by a high number of international activities, but actual environmental outcomes vary. The ability to develop green political and economic power that leads to bett er ...

  16. Performance of Socially Responsible Stocks Portfolios – The Impact of Global Financial Crisis

    Vanita Tripathi

    2016-01-01

    Full Text Available For the effective and better implementation of CSR law, development of SRI market in the investment world is essential. Unless the investors turn socially responsible, CSR principles cannot be enforced in practice. This paper examines whether the companies that are socially responsible are performing better than general companies in terms of risk, return and various risk-adjusted measures during pre-crisis, crisis and post-crisis periods. We find that despite having higher risk, socially responsible stocks portfolios generated significantly higher returns and hence outperformed other portfolios on the basis of all risk-adjusted measures, as well as net selectivity returns during crisis period. The results uphold even with the use of Fama-French three factor model for estimating excess returns. Besides augmenting existing literature, our results clearly corroborate the fact that investors can derive benefits by investing in socially responsible companies (especially in crisis period. The study supports the view that socially responsible products can be used as a safe investment vehicle by investors during adversity. Therefore, regulators, policy makers and mutual funds should construct and make available various socially responsible investment products to initiate the movement of socially responsible investing in India.

  17. PERFORMANCE OF ISLAMIC UNIT TRUSTS DURING THE 2007 GLOBAL FINANCIAL CRISIS: EVIDENCE FROM MALAYSIA

    Salina H. Kassim

    2012-01-01

    Full Text Available By focusing on the Malaysian Islamic unit trusts over the period of January 2000 to December 2009, this study attempts to analyse the performance of the Islamic unit trusts in various economic conditions; during a crisis period and non-crisis period. The adjusted Sharpe index, adjusted Jensen Alpha index, and Treynor index are adopted to compare the performance of the Islamic unit trusts against the market benchmark and risk-free return. In measuring risk and diversification, the study relies on the standard deviation and R2 coefficient of determination, respectively. The findings reveal that during the non-crisis period, the performance of the Islamic unit trusts is comparable to that of the market benchmark, while during the crisis period, the Islamic unit trusts perform better compared to the non-crisis period. These findings suggests that the Islamic unit trust funds can be an ideal hedging instrument during a down market and provide potential portfolio diversification benefits for the investors. Based on these findings, the investors could strategize and diversify their portfolio accordingly during different market conditions.

  18. Global Environmental Change : Understanding the Human Dimensions

    Stern, Paul C; Druckman, Daniel; Young, Oran R; National Research Council; National Academy of Sciences; Stern, Paul C; Druckman, Daniel

    ... on the Human Dimensions of Global Change Commission on the Behavioral and Social Sciences and Education National Research Council NATIONAL ACADEMY PRESS Washington, D.C. 1992 Copyrightthe cannot be not from book, paper however, version for formatting, original authoritative the typesetting-specific the as from created publication files ...

  19. Global environmental change: understanding the human dimensions

    Stern, Paul C; Young, Oran R; Druckman, Daniel

    ... on the Human Dimensions of Global Change Commission on the Behavioral and Social Sciences and Education National Research Council NATIONAL ACADEMY PRESS Washington, D.C. 1992 Copyrightthe cannot be not from book, paper however, version for formatting, original authoritative the typesetting-specific the as from created publication files ...

  20. Global diets link environmental sustainability and human health

    Tilman, David; Clark, Michael

    2014-11-01

    Diets link environmental and human health. Rising incomes and urbanization are driving a global dietary transition in which traditional diets are replaced by diets higher in refined sugars, refined fats, oils and meats. By 2050 these dietary trends, if unchecked, would be a major contributor to an estimated 80 per cent increase in global agricultural greenhouse gas emissions from food production and to global land clearing. Moreover, these dietary shifts are greatly increasing the incidence of type II diabetes, coronary heart disease and other chronic non-communicable diseases that lower global life expectancies. Alternative diets that offer substantial health benefits could, if widely adopted, reduce global agricultural greenhouse gas emissions, reduce land clearing and resultant species extinctions, and help prevent such diet-related chronic non-communicable diseases. The implementation of dietary solutions to the tightly linked diet-environment-health trilemma is a global challenge, and opportunity, of great environmental and public health importance.

  1. Future global ethics: environmental change, embedded ethics, evolving human identity.

    D.R. Gasper (Des)

    2014-01-01

    markdownabstract__Abstract__ Work on global ethics looks at ethical connections on a global scale. It should link closely to environmental ethics, recognizing that we live in unified social-ecological systems, and to development ethics, attending systematically to the lives and interests of

  2. Regulating capital flows in emerging markets: The IMF and the global financial crisis

    Kevin P. Gallagher

    2017-12-01

    Full Text Available In the wake of the financial crisis the International Monetary Fund (IMF began to publicly express support for what have traditionally been referred to as ‘capital controls’. This paper empirically examines the extent to which the change in IMF discourse on these matters has resulted in significant changes in actual IMF policy advice. By creating and analyzing a database of IMF Article IV reports, we examine whether the financial crisis had an independent impact on IMF support for capital controls. We find that the IMF’s level of support for capital controls has increased as a result of the crisis and as the vulnerabilities associated with capital flows accentuate.

  3. La crisis financiera global de los noventa bajo la sombra de los derivados financieros

    Ayca Sarialioglu - Hayali

    2010-05-01

    Full Text Available El objetivo de este artículo es analizar el papel de los instrumentos financieros derivados en las crisis financieras internacionales del mundo en desarrollo en los noventa, tales como la crisis del sureste de Asia en 1997 y la crisis brasileña en 1999, etc. Al respecto, este artículo analiza el papel de los derivados financieros en las crisis internacionales, en términos de los efectos directos de crisis como el elemento principal para crear vulnerabilidad y disparar una masiva y rápida salida de capitales y efectos indirectos como acelerador de la crisis por el uso de algunos tipos específicos de derivados, como los total return swaps, los put-able debt, etc. La presencia de mercados de derivados pobremente e inapropia-damente estructurados, como los existentes en las economías en desarrollo en los noventa, estos han sido creados para ser usados con propósitos económicamente nocivos, han sido usados para tomar altos riesgos y escapar de las regulaciones prudenciales. Se sostiene que, aunque ellos fueron inicialmente diseñados para contribuir a la estabilidad financiera en virtud de sus potenciales beneficios económicos, tales como desplazamiento del riesgo y descubrimiento de precio, especialmente en los países en desarrollo, han causado inestabilidad financiera y fallas de mercado, riesgo moral y selección adversa, que son la raíz de los problemas de información asimétrica comúnmente vistos en los mercados financieros. Además han sido ampliamente usados para propósitos especulativos.

  4. Crisis transnacional global en relaciones públicas: el caso Chiquita Brands

    Andrés Felipe Giraldo-Dávila; Luis Horacio Botero-Montoya; Juan Carlos Molleda-Medina; Vanessa Bravo

    2011-01-01

    La teoría sobre la crisis transnacional es un enfoque analítico que permite comprender las relaciones públicas desde una perspectiva cultural, ética y política, donde los diversos públicos ejercen presión frente al comportamiento de las transnacionales, especialmente en filiales o subsidiarias que operan en países en desarrollo.Explorar el tema de la crisis trasnacional generada a partir del caso Chiquita Brands, señalada de haber auspiciado a grupos paramilitares en Colombia entre 1997 y 200...

  5. THE EARNINGS PER SHARE AND INVENTORY TURNOVER RATIOS IN THE GLOBAL FINANCIAL CRISIS: A COMPARATIVE STUDY FOR FOOD AND TEXTILE SECTORS IN ISTANBUL STOCK EXCHANGE

    Sudi APAK

    2009-01-01

    Full Text Available The ongoing financial crisis in the global markets, which originated in the US subprime mortgage segment (real estate and quickly spread into other market segments and countries, is already seen today as one of the biggest financial crises in history. Underlying the subprime crisis had essentially two interrelated factors; the boom in US real estate markets, and the high liquidity demand in the global financial markets. The later period was, in turn, fuelled by the significant easing of US monetary policy over an extended period of time and by the additional boost to global liquidity as many emerging markets had tied their exchange rates to the US dollar and therefore had to match the expansive US monetary policy. The occurrence of market crash or financial crisis is possible key factor of earning per share (EPS and inventory turnover ratios (ITR inefficiency. This paper empirically investigates that the effects of the current financial crisis on the efficiency -earning per share (EPS and inventory turnover ratios- listed food and textile companies in Istanbul Stock Exchange (ISE. The EPS and inventory turnover ratios, applying the multivariate test statistics for the two sub-periods of pre-crisis and the crisis time. The article proceeds in the following manner. Firstly, the study will explain main reasons of global financial crises. Secondly the study will analyze all EPS and inventory turnover ratios changing are of related companies. Finally, that will be argued for adjustment of related ratios of sectors.

  6. Global environmental problems, voluntary action and government intervention

    Richter, A.; van Soest, D.P.; Brousseau, E.; Dedeurwaerdere, T.; Jouvet, P.A.; Willonger, M.

    2012-01-01

    The global community faces several very pressing environmental challenges such as climate change, depletion of the high-sea fisheries, and unprecedented rates of biodiversity loss. Governments are in the process of designing environmental policies to address these problems unilaterally, but also

  7. Global environmental impacts of the hydrogen economy

    Derwent, R.; Simmonds, P.; O'Doherty, S.; Manning, A.; Collins, W.; Stevenson, D.

    2006-01-01

    Hydrogen-based energy systems appear to be an attractive proposition in providing a future replacement for the current fossil-fuel based energy systems. Hydrogen is an important, though little studied, trace component of the atmosphere. It is present at the mixing ratio of about 510 ppb currently and has important man-made and natural sources. Because hydrogen reacts with tropospheric hydroxyl radicals, emissions of hydrogen to the atmosphere perturb the distributions of methane and ozone, the second and third most important greenhouse gases after carbon dioxide. Hydrogen is therefore an indirect greenhouse gas with a global warming potential GWP of 5.8 over a 100-year time horizon. A future hydrogen economy would therefore have greenhouse consequences and would not be free from climate perturbations. If a global hydrogen economy replaced the current fossil fuel-based energy system and exhibited a leakage rate of 1%, then it would produce a climate impact of 0.6% of the current fossil fuel based system. Careful attention must be given to reduce to a minimum the leakage of hydrogen from the synthesis, storage and use of hydrogen in a future global hydrogen economy if the full climate benefits are to be realised. (author)

  8. The global financial crisis has led to a slowdown in growth of funding to improve health in many developing countries.

    Leach-Kemon, Katherine; Chou, David P; Schneider, Matthew T; Tardif, Annette; Dieleman, Joseph L; Brooks, Benjamin P C; Hanlon, Michael; Murray, Christopher J L

    2012-01-01

    How has funding to developing countries for health improvement changed in the wake of the global financial crisis? The question is vital for policy making, planning, and advocacy purposes in donor and recipient countries alike. We measured the total amount of financial and in-kind assistance that flowed from both public and private channels to improve health in developing countries during the period 1990-2011. The data for the years 1990-2009 reflect disbursements, while the numbers for 2010 and 2011 are preliminary estimates. Development assistance for health continued to grow in 2011, but the rate of growth was low. We estimate that assistance for health grew by 4 percent each year from 2009 to 2011, reaching a total of $27.73 billion. This growth was largely driven by the World Bank's International Bank for Reconstruction and Development and appeared to be a deliberate strategy in response to the global economic crisis. Assistance for health from bilateral agencies grew by only 4 percent, or $444.08 million, largely because the United States slowed its development assistance for health. Health funding through UN agencies stagnated, and the Global Fund to Fight AIDS, Tuberculosis, and Malaria announced that it would make no new grants for the next two years because of declines in funding. Given the international community's focus on meeting the Millennium Development Goals by 2015 and persistent economic hardship in donor countries, continued measurement of development assistance for health is essential for policy making.

  9. Gender regimes and the challenges of macroeconomic paradigm in Serbia in the light of the global economic crisis

    Đurić-Kuzmanović Tatjana

    2011-01-01

    Full Text Available The paper is focused on the causes and gender effects of the current global economic crisis, its particular effects in the Republic of Serbia and on the possibilities of overcoming the crisis. Using feminist development economics perspective this paper offers criticism of neo-liberalism with respect to the crisis. The strong imbalance in the relationships between work and capital is explained as a result of neoliberal deregulation and separation of the market economy from social and natural reproduction, as well as ignoration of the hierarchical relation established between paid work and care as unpaid work performed mainly by women. With regard to Serbia, when foreign capital is lacking, privatization funds are empty and the structure deficit is significant, the economy has faced decrease in income, rise in unemployment, fall in aggregate demand and women and children suffer the most. A new gender sensitive development strategy should re-address the current unequal power relationship, so that all people can exercise choices that would lead them to a fulfilled life.

  10. A CRITICAL REVIEW ON THE EFFECT OF HOUSING INDUSTRY TO THE GLOBAL FINANCIAL CRISIS: THE CASE OF TURKEY

    Cem BERK

    2010-01-01

    Full Text Available The overall aim of the research presented is to investigate the relationship between the macroeconomic factors linked with financial crises and housing industry in Turkey. The research includes empirical investigation in a regression based model using mostly the Turkish market data. The ability of public intervention, indicated by central bank reserves and corporate bankruptcies are statistically effective in the performance of housing market. There is weak statistical dependence of housing on financial crisis. The research is based on Turkish market data between the period 2002-2009. The research can be extended with global market data especially from the emerging market for a comparative study. Research in this field should focus more to industry dynamics rather than macroeceonomic variables explaining crisis to explore housing sector dynamics. The real estate managers should look to central bank reserves and corporate bankruptcies more closely as a macroeceonomic variable affecting housing industry. The effect of macroeceonomic variables in the period of financial volatility is limited in the housing market, whereas industry factors should be analized. Central bank reserves and corporate bankruptcies are important indicators of housing industry growth that can be used as an instrument. To to the author’s knowledge, the paper is the first study to investigate the link between financial crisis and housing market in Turkey.

  11. Rare earth elements in sedimentary phosphate deposits: Solution to the global REE crisis?

    Emsbo, Poul; McLaughlin, Patrick I.; Breit, George N.; du Bray, Edward A.; Koenig, Alan E.

    2015-01-01

    The critical role of rare earth elements (REEs), particularly heavy REEs (HREEs), in high-tech industries has created a surge in demand that is quickly outstripping known global supply and has triggered a worldwide scramble to discover new sources. The chemical analysis of 23 sedimentary phosphate deposits (phosphorites) in the United States demonstrates that they are significantly enriched in REEs. Leaching experiments using dilute H2SO4 and HCl, extracted nearly 100% of their total REE content and show that the extraction of REEs from phosphorites is not subject to the many technological and environmental challenges that vex the exploitation of many identified REE deposits. Our data suggest that phosphate rock currently mined in the United States has the potential to produce a significant proportion of the world's REE demand as a byproduct. Importantly, the size and concentration of HREEs in some unmined phosphorites dwarf the world's richest REE deposits. Secular variation in phosphate REE contents identifies geologic time periods favorable for the formation of currently unrecognized high-REE phosphates. The extraordinary endowment, combined with the ease of REE extraction, indicates that such phosphorites might be considered as a primary source of REEs with the potential to resolve the global REE (particularly for HREE) supply shortage.

  12. Global financial crisis making a V-shaped fluctuation in NO2 pollution over the Yangtze River Delta

    Du, Yin; Xie, Zhiqing

    2017-04-01

    The Yangtze River Delta (YRD), China's main cultural and economic center, has become one of the most seriously polluted areas in the world with respect to nitrogen oxides (NOx), owing to its rapid industrialization and urbanization, as well as substantial coal consumption. On the basis of nitrogen dioxide (NO2) density data from ozone monitoring instrument (OMI) and ground-based observations, the effects of industrial fluctuations due to the financial crisis on local NO2 pollution were quantitatively assessed. The results were as follows. (1) A distinct V-shaped fluctuation of major industrial products, thermal generating capacity, electricity consumption, and tropospheric NO2 densities was associated with the global financial crisis from May 2007 to December 2009, with the largest anomalies 1.5 times more than standard deviations at the height of the crisis period from November 2008 to February 2009. (2) Among all industrial sectors, thermal power plants were mainly responsible for fluctuations in local NO2 pollution during the crisis period. Thermal generating capacity had its greatest decrease of 12.10% at the height of the crisis compared with that during November 2007-February 2008, leading to local tropospheric NO2 density decreasing by 16.97%. As the crisis appeased, thermal generating capacity increased by 29.63% from November 2009 to February 2010, and tropospheric NO2 densities correspondingly increased by 30.07%. (3) Among all industrial sectors in the YRD, the thermal power sector has the greatest coal consumption of about 65.96%. A decline in thermal power of about 10% can induce a decrease of about 30% in NOx emissions and NO2 densities, meaning that a relative small fluctuation in industrial production can lead to a large decrease in tropospheric NO2 densities over industrially developed areas like the YRD region. Since electricity is mainly obtained from local coal-burning thermal plants without NOx-processing equipment, installing NOx

  13. Global financial crisis and weak-form efficiency of Islamic sectoral stock markets: An MF-DFA analysis

    Mensi, Walid; Tiwari, Aviral Kumar; Yoon, Seong-Min

    2017-04-01

    This paper estimates the weak-form efficiency of Islamic stock markets using 10 sectoral stock indices (basic materials, consumer services, consumer goods, energy, financials, health care, industrials, technology, telecommunication, and utilities). The results based on the multifractal detrended fluctuation analysis (MF-DFA) approach show time-varying efficiency for the sectoral stock markets. Moreover, we find that they tend to show high efficiency in the long term but moderate efficiency in the short term, and that these markets become less efficient after the onset of the global financial crisis. These results have several significant implications in terms of asset allocation for investors dealing with Islamic markets.

  14. The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations

    Elizabeta Tosheva

    2016-01-01

    The experiences and lessons taken from the global economic crisis should serve as a basis for changing the current economic model with a new one in order the economy of the country to catch a connection with the intense changes that are expected to occur in the coming period. It is expected that creating new economic model in Republic of Macedonia will result in multiple positive effects that primarily manifested in the increasing number of newly small and medium enterprises, domestic investments, industrial production, GDP, number of new employees and total exports as well as in reduction of the trade deficit in maintaining macroeconomic stability of the country.

  15. Global financial crisis, ownership and bank profit efficiency in the Bangladesh’s state owned and private commercial banks

    Fakarudin Kamarudin; Fadzlan Sufian; Annuar Md. Nassir

    2016-01-01

    Este estudio investiga el impacto de la crisis financiera global enfocándose en la propiedad de los bancos comerciales del Estado (SCB) y privados (PCB) y otros factores específicos de la banca y macroeconómi- cos que influyen en el nivel de eficiencia de las ganancias del sector bancario de Bangladesh. Se empleó el método de análisis envolvente de datos basado en el déficit ( Slack-Based Data Envelopment Analysis [SBM-DEA]) para calcular la eficiencia en las ganancias de los 31 bancos comerc...

  16. Three lines of defence model and the role of internal audit activities as the response to the global economic crisis

    Dragičević Radičević, T.; Stojanović Trivanović, M.; Stanojević, Lj

    2017-05-01

    The existing framework of corporate governance has shown a number of weaknesses, and the result was a new economic crisis at the global level. The main problems were identified as: increased risk of investors, non-transparency of information, conflict of interest between corporation subjects. European Institute of Internal Auditors in response to the strengthening the trust in information, shareholders activism, better communication, which all will lead to the reduction of risks and restore investors confidence, proposed the Model Three Lines of Defence, where the key role has internal audit.

  17. Capitalismo, crisis y naturaleza: Un análisis del acaparamiento de tierras dentro y desde el Sur Global

    Mora, Sol

    2016-01-01

    El acaparamiento de tierras (land grabbing) refiere al proceso de adquisiciones a gran escala de tierras agrícolas en otros estados, desatado en el contexto de la convergencia de crisis internacionales —alimentaria, energética, financiera y climática— de 2008. Este artículo analiza las razones que convirtieron al acaparamiento de tierras en un fenómeno global, irreductible a la lógica Norte-Sur. Adicionalmente, indaga sus implicaciones sobre la posición internacional y definici...

  18. The Impact of 2008 Global Financial Crisis on the Performance of Selected Indonesian Stocks: A Preliminary Study

    Edwin Suparman

    2014-08-01

    Full Text Available This research is a preliminary study that analyzes the impact of the US financial markets on Indonesian financial markets during the 2008 global financial crisis. It specifically investigates the occurrence of contagion effect in the Indonesian IHSG index and selected LQ45 stocks with the US S&P500 index by the measurement of correlation using simple correlation, EWMA, OGARCH, and DCC GARCH. It also attempts to discuss on the decoupling of Indonesian market and provide recommendations on dealing with future similar events.

  19. Global financial crisis, ownership and bank profit efficiency in the Bangladesh’s state owned and private commercial banks

    Fakarudin Kamarudin

    2016-01-01

    Full Text Available Este estudio investiga el impacto de la crisis financiera global enfocándose en la propiedad de los bancos comerciales del Estado (SCB y privados (PCB y otros factores específicos de la banca y macroeconómi- cos que influyen en el nivel de eficiencia de las ganancias del sector bancario de Bangladesh. Se empleó el método de análisis envolvente de datos basado en el déficit ( Slack-Based Data Envelopment Analysis [SBM-DEA] para calcular la eficiencia en las ganancias de los 31 bancos comerciales que operaron en Bangladesh en los a ̃ nos 2004 a 2011. Por otra parte, el marco de análisis de regresión multivariante del panel basado en los métodos de mínimos cuadrados ordinarios (MCO y de mínimos cuadrados generalizados (MCG que comprenden los modelos de efecto fijo (EF y de efecto aleatorio (EA se adoptó para examinar los determinantes de la eficiencia de las ganancias de los bancos. Los resultados indican que los niveles de eficiencia de las ganancias en los SCB y los PCB son crecientes en un 3.7 y un 5.8% durante los a ̃ nos de crisis financiera. Sin embargo, durante el período de a ̃ nos posteriores a la crisis financiera exhibida, los niveles de eficiencia en beneficios en los SCB y los PCB son decrecientes en un 38.7 y un 9.9%. Aunque los niveles de eficiencia en las ganancias de los bancos de ambos tipos de propiedad muestran disminución a lo largo de los a ̃ nos posteriores a la crisis financiera, en los PCB son más altos que en los SCB (67,8% > 60,1%, pero no significativamente distintos. Además, los resultados revelan que las relaciones del tama ̃ no del banco, la liquidez, el crecimiento económico y la concentración del mercado son significativamente negativas con la eficiencia en las ganancias de los SCB pero positivas para los PCB. Mientras tanto, los factores de capi- talización, el riesgo de crédito y la inflación son significativos con el signo positivo y negativo solo para la eficiencia de las ganancias de

  20. Crisis and Long Terms Challenges : Responsibility in the Global Apparel Industry

    Scheffer, M. (Michiel)

    2009-01-01

    Essay based on a Presentation to International Stakeholder Forum, Convened by the Board of Directors of the Fair Labor Association, Washington D.C. June 26, 2009. There is much concern about the current crisis. Indeed the fall in consumption in developed countries is steep, anything between 15 to

  1. Crisis transnacional global en relaciones públicas: el caso Chiquita Brands

    Andrés Felipe Giraldo-Dávila

    2011-01-01

    Full Text Available La teoría sobre la crisis transnacional es un enfoque analítico que permite comprender las relaciones públicas desde una perspectiva cultural, ética y política, donde los diversos públicos ejercen presión frente al comportamiento de las transnacionales, especialmente en filiales o subsidiarias que operan en países en desarrollo.Explorar el tema de la crisis trasnacional generada a partir del caso Chiquita Brands, señalada de haber auspiciado a grupos paramilitares en Colombia entre 1997 y 2004, se constituye en el eje central del presente trabajo, el cual recoge los resultados de un análisis de contenido, de tipo cuantitativo, realizado a las noticias que sobre esta crisis transnacional publicaron los principales periódicos editados en Colombia y en los Estados Unidos.Este trabajo analizó un total de 146 noticias entre el 1 de marzo de 2007 y el 30 de junio de 2008, época en la que la transnacional enfrentó el caso en tribunales de Estados Unidos y emitió una serie de respuestas corporativas para enfrentar su crisis. El grupo de investigadores de este estudio colectivo fue integrado por docentes y estudiantes de la Facultad de Comunicación de la Universidad de Medellín y del Colegio de Periodismo y Comunicaciones de la Universidad de Florida.

  2. Problems in producing nuclear reactor for medical isotopes and the Global Crisis of molybdenum supply

    Zubiarrain, A.

    2011-01-01

    Nuclear medicine uses drugs that incorporate a radioactive isotope radiopharmaceuticals. Every year are performed, worldwide, 35 million nuclear medicine procedures, of which 80% are done with radiopharmaceuticals containing the isotope, molybdenum-99, produced in nuclear reactors. In recent years, there have been several supply crisis of molybdenum-99, which have hampered diagnostic procedure with technitium-99m. (Author)

  3. Trade Finance and Trade Collapse during the Global Financial Crisis: Evidence from the Republic of Korea

    E. Young Song

    2014-12-01

    Full Text Available This study examines the role of trade finance in the trade collapse of 2008-09 from the perspective of the Korean economy. We use two approaches. Firstly, as background to a more formal analysis, we make a casual observation on the behavior of aggregate data on trade finance, on which Korea has relatively abundant data. Aggregate data do not convincingly support the view that trade finance played an active role in causing the trade collapse. The measures of trade finance and the value of trade both dropped sharply, but the ratio of trade finance over trade was stable and in some cases increased during the crisis period. Secondly, using quarterly data on listed firms in Korea, we conduct panel estimations to test whether firms that are more dependent on external finance experienced greater export contraction during the crisis. Our regression analysis suggests that the financial vulnerability of firms, measured by various financial ratios, did not contribute to export contraction during the financial crisis. This observation largely applies even to smaller firms, who are usually thought of as being more vulnerable financially. However, we find that small exporters that relied heavily on cross-border trade payables or receivables suffered larger drops in export growth during the crisis.

  4. The effect of the subprime crisis on the credit risk in global scale

    Lee, Sangwook; Kim, Min Jae; Lee, Sun Young; Kim, Soo Yong; Ban, Joon Hwa

    2013-05-01

    Credit default swap (CDS) has become one of the most actively traded credit derivatives, and its importance in finance markets has increased after the subprime crisis. In this study, we analyzed the correlation structure of credit risks embedded in CDS and the influence of the subprime crisis on this topological space. We found that the correlation was stronger in the cluster constructed according to the location of the CDS reference companies than in the one constructed according to their industries. The correlation both within a given cluster and between different clusters became significantly stronger after the subprime crisis. The causality test shows that the lead lag effect between the portfolios (into which reference companies are grouped by the continent where each of them is located) is reversed in direction because the portion of non-investable and investable reference companies in each portfolio has changed since then. The effect of a single impulse has increased and the response time relaxation has become prolonged after the crisis as well.

  5. Dutch mortgage arrears and the role of the global financial crisis

    Teye, A.L.; De Haan, J.; Elsinga, M.

    2015-01-01

    As in many countries, the Dutch housing market was severely hit by the recent financial crisis. Following the recession, the average house price in the Netherlands fell by almost 25% and the proportion of homeowners with mortgage payment arrears nearly doubled. In this paper, we study mortgage

  6. Credible dialogue in BiH in a context of global crisis

    Gajić Aleksandar

    2014-01-01

    Full Text Available The work studies interreligious relations and constructive dialogue between Christians and Moslems in a context of world crisis as a crisis of modernity whic epicenter is placed within western civilization. Having noticed motives of manipulative 'crisis menagement', as creating, amplifying, escalating, control and pacification of an interreligious conflict as a certain 'conflict of civilizations' by postmodern, neocolonial imperialism, the author focuses on manipulation with religious feelings in the case of Bosnian war, by the end of the 20th century. Having without doubt determined that the conflict was a political one and only sporadically a religious-civilisational one with considerable influence of neoimperial interfering using the rule 'divide and rule', it furthermore analises interetnical and interreligious relations between Christians and Moslems in Bosnia and Balcans at the beginning of the 21st century. Having noticed the growth of religionness in the whole area, and the growth of mutual confidence and a perspective that opens constructive dialgue, the work makes conclusion of being possible to gain consensus based on a 'smallest common traditional denominator', where religious and cultural identities would becama a base of cooperation and approach, and not a conflict, and of possibility of building a social alternative to neocolonial order that rules this area on these bases, in a context of the crisis of modern West.

  7. African Exporting Firms in the Turmoil of the Global Financial Crisis

    verena

    on trade, foreign investment, and remittances to meet economic growth and social needs. Most studies have focused on the collapse in primary commodity exports as the main effect of the crisis on African countries. ... production towards Africa, mainly at the expense of Latin ... weak economic structure, close integration into.

  8. Baseline scenarios of global environmental change

    Alcamo, J.; Kreileman, G.J.J.; Bollen, J.C.; Born, G.J. van den; Krol, M.S.; Toet, A.M.C.; Vries, H.J.M. de; Gerlagh, R.

    1996-01-01

    This paper presents three baseline scenarios of no policy action computed by the IMAGE2 model. These scenarios cover a wide range of coupled global change indicators, including: energy demand and consumption; food demand, consumption, and production; changes in land cover including changes in extent of agricultural land and forest; emissions of greenhouse gases and ozone precursors; and climate change and its impacts on sea level rise, crop productivity and natural vegetation. Scenario information is available for the entire world with regional and grid scale detail, and covers from 1970 to 2100. (author)

  9. Environmental, Disaster and Crisis Management Strategies: Interdisciplinarity and Synergy in Postgraduate Studies

    Lekkas, Efthymis; Andreadakis, Emmanouil; Nomikou, Paraskevi; Antoniou, Varvara; Kapourani, Eleni; Papaspyropoulos, Konstantinos

    2017-04-01

    Environmental issues, disasters and crises have been showing an increasing complexity and interconnections in every level and aspect, thus requiring a holistic approach from simple problem solving to emergency management. Recent challenges include geographical and affected population escalation, complex or cascading disasters and interconnection of regional conflicts to transboundary social, political and environmental impact. One of the issues concerning the traditional management is competition or even antagonism between organizations, services and disciplines, from science to operations. In this context, a postgraduate program answering to these issues was designed in Greece, applying multidisciplinarity, crossdisciplinarity and interdisiplinarity, from teaching staff and tutors, to students, objects and fields of knowledge and research. The program offers a curriculum of lessons and disciplines integrating science, humanities, legislation, institutions and operations. Geosciences carry an inherent interdisciplinarity culture and a long tradition in the research of environment and disasters, along with their familiarity with the complexity of such issues. That is why the program "Environmental, Disaster and Crisis Management Strategies" was organized by the Department of Geology and Geoenvironment of the National and Kapodistrian University of Athens, but involves social scientists, emergency operators, medical scientists etc. The program aims at the diffusion of basic principles and tools of all related disciplines and develops a common ground and a communication language with the least barriers, and the building of trust and understanding between all parties involved. The curriculum is designed so that professionals of all disciplines and industries are able to attend without interrupting their other activities, while pursuing their personal scientific and professional educational goals and interests through selection of lessons and thesis subject. As a result

  10. Rio conference global environmental protection Agenda 21

    Pinchera, G. (ENEA, Rome (Italy). Area Energia, Ambiente e Salute)

    1992-10-01

    In reviewing the work packages included in the Rio Earth's Summit Agenda 21, intended as an activities guideline for international cooperation to ensure environmental protection with sustainable growth for all nations, this paper points out the areas which present the greatest obstacles in the establishment of common accords and discusses the directions being taken to surmount these obstacles. A major obstacle concerns uncertaindes in specifying limits on carbon dioxide emissions and their effects on world climate. Another concerns suitable methods to help finance effective technology transfer to developing countries. With regard to the former problem, a 'no regret' approach has been proposed to limit current C02 reduction interventions to those levels which, in all certainty, would not incur any future regrets once scientific knowledge has advanced enough to allow more accurate assessments of greenhouse gas/climate change inter-relationships. With regard to the latter problem, attempts are being made to reduce possible negative impacts on the petroleum industry due to energy surcharges suggested as a source of funding for technology transfer/environmental protection programs.

  11. The variation in the health status of immigrants and Italians during the global crisis and the role of socioeconomic factors.

    Petrelli, Alessio; Di Napoli, Anteo; Rossi, Alessandra; Costanzo, Gianfranco; Mirisola, Concetta; Gargiulo, Lidia

    2017-06-12

    The effects of the recent global economic and financial crisis especially affected the most vulnerable social groups. Objective of the study was to investigate variation of self-perceived health status in Italians and immigrants during the economic global crisis, focusing on demographic and socioeconomic factors. Through a cross-sectional design we analyzed the national sample of multipurpose surveys "Health conditions and use of health services" (2005 and 2013) conducted by the Italian National Institute of Statistics (ISTAT). Physical Component Summary (PCS) and Mental Component Summary (MCS) scores, derived from SF-12 questionnaire, were assumed as study outcome, dichotomizing variables distribution at 1 st quartile. Prevalence rate ratios (PRR) were estimated through log-binomial regression models, stratified by citizenship and gender, evaluating the association between PCS and MCS with surveys' year, adjusting for age, educational level, employment status, self-perceived economic resources, smoking habits, body mass index. From 2005 to 2013 the proportion of people not employed or reporting scarce/insufficient economic resources increased, especially among men, in particular immigrants. Compared with 2005 we observed in 2013 among Italians a significant lower probability of worse PCS (PRR = 0.96 both for males and females), while no differences were observed among immigrants; a higher probability of worse MCS was observed, particularly among men (Italians: PRR = 1.26;95%CI:1.22-1.29; immigrants: PRR = 1.19;95%CI:1.03-1.38). Self-perceived scarce/insufficient economic resources were strongly and significantly associated with worse PCS and MCS for all subgroups. Lower educational level was strongly associated with worse PCS in Italians and slightly associated with worse MCS for all subgroups. Being not employed was associated with worse health status, especially mental health among men. Our findings support the hypothesis that economic global crisis

  12. Impact of the global financial crisis on low birth weight in Portugal: a time-trend analysis.

    Kana, Musa Abubakar; Correia, Sofia; Peleteiro, Barbara; Severo, Milton; Barros, Henrique

    2017-01-01

    The 2007-2008 global financial crisis had adverse consequences on population health of affected European countries. Few contemporary studies have studied its effect on perinatal indicators with long-lasting influence on adult health. Therefore, in this study, we investigated the impact of the 2007-2008 global financial crisis on low birth weight (LBW) in Portugal. Data on 2 045 155 singleton births of 1995-2014 were obtained from Statistics Portugal. Joinpoint regression analysis was performed to identify the years in which changes in LBW trends occurred, and to estimate the annual per cent changes (APC). LBW risk by time period expressed as prevalence ratios were computed using the Poisson regression. Contextual changes in sociodemographic and economic factors were provided by their trends. The joinpoint analysis identified 3 distinct periods (2 jointpoints) with different APC in LBW, corresponding to 1995-1999 (APC=4.4; 95% CI 3.2 to 5.6), 2000-2006 (APC=0.1; 95% CI -050 to 0.7) and 2007-2014 (APC=1.6; 95% CI 1.2 to 2.0). For non-Portuguese, it was, respectively, 1995-1999 (APC=1.4; 95% CI -3.9 to 7.0%), 2000-2007 (APC=-4.2; 95% CI -6.4 to -2.0) and 2008-2014 (APC=3.1; 95% CI 0.8 to 5.5). Compared with 1995-1999, all specific maternal characteristics had a 10-15% increase in LBW risk in 2000-2006 and a 20-25% increase in 2007-2014, except among migrants, for which LBW risk remained lower than in 1995-1999 but increased after the crisis. The increasing LBW risk coincides with a deceleration in gross domestic product growth rate, reduction in health expenditure, social protection allocation on family/children support and sickness. The 2007-2008 global financial crisis was associated with a significant increase in LBW, particularly among infants of non-Portuguese mothers. We recommend strengthening social policies aimed at maternity protection for vulnerable mothers and health system maintenance of social equity in perinatal healthcare.

  13. Socioeconomic inequalities in smoking in The Netherlands before and during the Global Financial Crisis: a repeated cross-sectional study.

    Benson, Fiona E; Kuipers, Mirte A G; Nierkens, Vera; Bruggink, Jan-Willem; Stronks, Karien; Kunst, Anton E

    2015-05-06

    The Global Financial Crisis (GFC) increased levels of financial strain, especially in those of low socioeconomic status (SES). Financial strain can affect smoking behaviour. This study examines socioeconomic inequalities in current smoking and smoking cessation in The Netherlands before and during the Global Financial Crisis (GFC). Participants were 66,960 Dutch adults (≥ 18 years) who took part in the annual national Health Survey (2004-2011). Period was dichotomised: 'pre-' and 'during-GFC'. SES measures used were income, education and neighbourhood deprivation. Outcomes were current smoking rates (smokers/total population) and smoking cessation ratios (former smokers/ever smokers). Multilevel logistic regression models controlled for individual characteristics and tested for interaction between period and SES. In both periods, high SES respondents (in all indicators) had lower current smoking levels and higher cessation ratios than those of middle or low SES. Inequalities in current smoking increased significantly in poorly educated adults of 45-64 years of age (Odds Ratio (OR) low educational level compared with high: 2.00[1.79-2.23] compared to pre-GFC 1.67[1.50-1.86], p for interaction = 0.02). Smoking cessation inequalities by income in 18-30 year olds increased with borderline significance during the GFC (OR low income compared to high income: 0.73[0.58-0.91]) compared to pre-GFC (OR: 0.98[0.80-1.20]), p for interaction = 0.051). Overall, socioeconomic inequalities in current smoking and smoking cessation were unchanged during the GFC. However, current smoking inequalities by education, and smoking cessation inequalities by income, increased in specific age groups. Increased financial strain caused by the crisis may disproportionately affect smoking behaviour in some disadvantaged groups.

  14. An examination of contemporary financing practices and the global financial crisis on nonprofit multi-hospital health systems.

    Stewart, Louis J; Smith, Pamela C

    2011-01-01

    This study examines the impact of the 2008 global financial crisis on large US nonprofit health systems. We proceed from an analysis of the contemporary capital financing practices of 25 of the nation's largest nonprofit hospitals and health systems. We find that these institutions relied on operating cash flows, public issues of insured variable rate debt, and accumulated investment to meet their capital financing needs. The combined use of these three financial instruments provided these organizations with $22.4 billion of long-term capital at favorable terms and the lowest interest rates. Our analysis further indicates that the extensive utilization of bond insurance, auction rate debt, and interest rate derivatives created significant risk exposures for these health systems. These risks were realized by the broader global financial crisis of 2008. Findings indicate these health systems incurred large losses from the early retirement of their variable rate debt. In addition, many organizations were forced to post nearly $1 billion of liquid collateral due to the falling values of their interest rate derivatives. Finally, the investment portfolios of these large nonprofit health systems suffered millions of dollars of unrealized capital losses, which may minimize their ability to finance future capital investment requirements.

  15. Networks of European cities in worlds of global economic and environmental change

    Ben Derudder

    2010-11-01

    Full Text Available Geographers use a variety of economic, social, and demographic data to measure the importance of global cities and the linkages between cities. We analyze the importance and connectedness of European cities using hyperlinks, or the electronic information provided by the Google Search engine. Hyperlinks are Web sites representing information that is produced; they are especially useful in measuring the impact of contemporary crises. We use the phrases economic slowdown and global financial crisis to derive a Global Financial Score (GFS for 16 core, semiperiphery and peripheral European cities and global warming and climate change to derive a Global Environmental Score (GES. London and Paris are in the European core; Rome, Dublin, Madrid and Prague are in the semiperiphery; while Tallinn, Riga, and Belgrade are in the periphery. A strong positive relationship exists between the GES and GFS. We examine the linkages of the 16 cities to the 100 largest world cities and illustrate, with “clockgrams,” the linkages London, Brussels and Athens have with other world cities. We calculated the number of linkages each of the 16 cities had with other world cities to identify Europe’s urban cores, semiperipheries, peripheries, and deep peripheries. New York is in the core of both the economic and environmental maps. Some world cities are in the semiperiphery of one category and periphery of another. Milan, Istanbul, and Delhi are in the deep periphery for the GFS while Toronto and Athens are for the GES. Hyperlinks represent valuable databases to measure the impact of crises and regional and global urban linkages.

  16. The challenges faced by the Constitutional Court of Lithuania during the global economic crisis

    Birmontienė Toma

    2015-01-01

    Full Text Available The Constitutional Court of the Republic of Lithuania is forming a broad and distinctive doctrine on the possibility of limitation of social rights during an economic crisis. This doctrine is inter alia grounded upon the imperatives of a state under the rule of law, equality of rights, justice, proportionality, protection of legitimate expectations, social solidarity, the constitutional concept of the state budget and other constitutional imperatives. The Constitutional Court has also formulated certain general principles which must be followed when in a situation of an economic crisis the legislator may adopt decisions on reduction of social rights guarantees. This doctrine is also influenced by international law, inter alia the law of the European Convention on Human Rights. While considering the cases related to implementation of social rights, the Constitutional Court also takes account of the case-law of the constitutional courts of other states.

  17. Divulgación: Crisis financiera global. Un problema que afecta a todos

    Gloria Mercedes Manrique Joya

    2015-11-01

    Full Text Available En este documento se presenta una breve descripción de los principales detonantes de la crisis financiera de 2007 y los efectos causados por la misma en variables de tipo social y económico. La información reportada se hace con base en la literatura escrita desde el momento en que estalló la crisis a la fecha por diversos autores académicos y corporativos entre los que se cuentan el FMI; CEPAL, Banco Mundial, los cuales son un punto importante de apoyo y reflexión para observar el modo en que problemas que se generan en estructuras tan complejas, como es el funcionamiento de una economía, terminan por derivar en complejidades de igual magnitud en agentes económicos participantes en los mismos, como los hogares y las empresas.

  18. La Reserva Federal frente a la crisis y sus efectos sobre el sistema financiero global

    Wesley C. Marshall

    2011-05-01

    Full Text Available Este artículo analiza los mecanismos de resolución de crisis empleados por la Reserva Federal (Fed como respuesta a la crisis financiera que comenzó en Estados Unidos en 2007. El planteamiento principal es que las acciones de la Fed se asemejan más a un rescate subrepticio de los bancos “demasiados grandes para fallar”, que a una política monetaria insensata, como argumentan varias voces críticas en Estados Unidos. El rescate bancario no declarado por parte de la Fed no solamente está creado una gama de problemas económicos en Estados Unidos y el resto del mundo, sino también ha aumentado la desigualdad y ha reducido los niveles de vida de poblaciones vulnerables.

  19. GLOBAL REFUGEE CRISIS: A STUDY OF MOHSIN HAMID'S NOVEL EXIT WEST

    Manzoor Ahmad Mir

    2018-01-01

    Refugee crisis in the last few years of the present century has assumed such vast proportions which find parallels only during the World War II. The world is witnessing millions of people undertaking arduous journeys to escape their war torn countries of origin. Economic instability and deadly conflicts are forcing innumerable people to leave their homes in search of better lives. Mohsin Hamid’s novel Exit West (2017) is a modern take on the inevitable migration of people across countries, ev...

  20. The U.S. Financial Crisis: The Global Dimension With Implications for U.S. Policy

    2008-11-18

    crises from occurring. Much of this involves the technicalities of regulation and oversight of financial markets, derivatives, and hedging activity...buying CDSs that paid in case of default. As the risk of defaults rose, the cost of the CDS protection rose. Investors, therefore, could arbitrage ...was hedged rather than backed by sufficient capital to pay claims in case of default. Under a systemic crisis, hedges also may fail. However

  1. Environmental protection - global and regional relationships

    Boehnke, B.

    1992-01-01

    In the broadest sense, environmental protection is a task of extraordinary urgency, needed to conserve water, soil and air in a state which preserves the health of flora and fauna. In the foreseeable future, there will be widespread changes leading to the substantial decimation of mankind, unless men themselves, i.e. those in responsible positions in the industrial nations, take immediate serious steps, supported by a high level of resources, to ensure their own survival. The following measures are necessary in order to avert the impending catastrophe: 1. Radical reduction of CO 2 , methane and FCC emissions to stop the greenhouse effect and the growth of the ozone hole. 2. Removal of CO 2 and methane from the atmosphere. 3. Radical reduction of the birth-rate. 4. Prevention of further growth in desert and steppe regions and reclamation of new fertile areas. 5. Development of technical systems for producing large quantities of cheap energy, to stop the greenhouse effect and supply fresh water for the irrigation of steppe and desert areas. Apart from exploitation of alternative energy sources, which will not themselves suffice, nuclear fusion and nuclear power should be extended and developed. (orig.) [de

  2. Environmental crisis and its impact on women. The case of the Sudan.

    Bedri, B; Osama, S

    1992-06-01

    The savannah belt of the Sudan, particularly the central region of the northern Kordofan, provides resources for agricultural and pastoral activities and yields the destruction and misuse of renewable resources. Desertification has eliminated lands from production at a time when there is a greater demand for land from the increasing population. Environmental damage also involves water deficiencies and seasonal rain patterns, which promote communal grazing and lead to overgrazing. Wood or charcoal for fuel is increasingly in short supply, and the need to travel further to obtain access to fire wood and charcoal has increased. Other conditions which contribute to environmental degradation are the variability of the climate, the lack of rainfall, or presence of drought, and rural-urban migration. Agricultural production is low due to overregulation of irrigated land, inefficiency of agricultural cooperatives, inappropriate or unjust pricing policies, lack of inputs, and high cost of transportation and agricultural operations. When environmental deterioration occurs, woman are the first to suffer; when economic gains occur, women are the last to receive the benefits. Women are affected through increased work loads, and harder work loads cause by loss of productivity of the land. The fuel wood crisis means women must walk farther to obtain adequate supplies for cooking. Also, when wood is unavailable or of limited availability or the price rises, the quality of food declines or a reduction in nutritional intake occurs. When rainfall is uneven or soil quality has been compromised, larger tracts of land must be cleared. Nomadic existence is disrupted when lands are degraded; settlement leads to unemployment and loss of wealth. Water shortages mean uncertainty about crop production, greater distances to obtain water, and unsafe water supplies, which contribute to disease. Smoke from cooking also impairs the health of women. The conditions of migrant women on urban fringes

  3. Companies’ management during economic crisis

    Kumpikaitė, Vilmantė; Grybauskas, Andrius; Juodelis, Mantas; Strumyla, Dovydas

    2011-01-01

    Lots of companies faced recent economic crisis. It was generated by global markets deregulation and it triggered relevant situation to emerge other types of crisis. Many scientists all over the world analyses how crisis affected global economy and changed companies’ management actions. Scientists exclude these types of crisis: economic, informational, physical, human resource, reputational, psychopathic acts production and financial. This paper examines economic crisis generated negative effe...

  4. Global Environmental Governance as a Regulatory and Guarantee Criterion for Environmental Justice

    Denise Schmitt Siqueira Garcia

    2016-12-01

    Full Text Available This article deals with the theme of Global Environmental Governance to the achievement of Environmental Justice, presenting as general objective to analyze the importance of the first in its public, business and civil society spheres for the regulation and guarantee of the second. Noting up at the end that the Environmental Justice, as a common humanitarian problem, presents itself as the main objective of Global Environmental Governance. In the methodology was adopted the inductive method, having been applied the techniques of the referent, category, operational concepts, bibliographical research and file.

  5. Impact of the global economic crisis on metal levels in particulate matter (PM) at an urban area in the Cantabria Region (Northern Spain)

    Arruti, A.; Fernandez-Olmo, I.; Irabien, A.

    2011-01-01

    Air pollution by particulate matter is well linked with anthropogenic activities; the global economic crisis that broke out in the last year may be a proper indicator of this close relationship. Some economic indicators show the regional effects of the crisis on the Cantabria Region. The present work aims to evaluate the impact of the economic crisis on PM10 levels and composition at the major city of the region, Santander. Some metals linked to anthropogenic activities were measured at Santander and studied by Positive Matrix Factorization; this statistical analysis allowed to identify three main factors: urban background, industrial and molybdenum-related factor. The main results show that the temporal trend of the levels of the industrial tracers found in the present study are well agree with the evolution of the studied economic indicators; nevertheless, the urban background tracers and PM10 concentration levels are not well correlated with the studied economic indicators. - Highlights: → The impact of the crisis is higher on the PM-bound metal levels than on the PM levels. → The crisis effects on the trace metal associated to the urban background are negligible. → The temporal trend of the industrial trace metals levels and the studied economic indicators is similar. → The crisis effects on the main industrial tracer levels in PM2.5 and PM10 are similar. - The study presents an evaluation of the economic crisis impact on PM levels and composition at a coastal urban area in the Region of Cantabria (Northern Spain).

  6. Facing global environmental change. Environmental, human, energy, food, health and water security concepts

    Brauch, Hans Guenter [Freie Univ. Berlin (Germany). Dept. of Political and Social Sciences; United Nations Univ., Bonn (DE). Inst. for Environment and Human Security (UNU-EHS); AFES-Press, Mosbach (Germany); Oswald Spring, Ursula [National Univ. of Mexico (UNAM), Cuernavaca, MOR (MX). Centro Regional de Investigaciones Multidiscipinarias (CRIM); United Nations Univ., Bonn (DE). Inst. for Environment and Human Security (UNU-EHS); Grin, John [Amsterdam Univ. (Netherlands). Amsterdam School for Social Science Research; Mesjasz, Czeslaw [Cracow Univ. of Economics (Poland). Faculty of Management; Kameri-Mbote, Patricia [Nairobi Univ. (Kenya). School of Law; International Environmental Law Research Centre, Nairobi (Kenya); Behera, Navnita Chadha [Jamia Millia Islamia Univ., New Delhi (India). Nelson Mandela Center for Peace and Conflict Resolution; Chourou, Bechir [Tunis-Carthage Univ., Hammam-Chatt (Tunisia); Krummenacher, Heinz (eds.) [swisspeace, Bern (Switzerland). FAST International

    2009-07-01

    This policy-focused, global and multidisciplinary security handbook on Facing Global Environmental Change addresses new security threats of the 21st century posed by climate change, desertification, water stress, population growth and urbanization. These security dangers and concerns lead to migration, crises and conflicts. They are on the agenda of the UN, OECD, OSCE, NATO and EU. In 100 chapters, 132 authors from 49 countries analyze the global debate on environmental, human and gender, energy, food, livelihood, health and water security concepts and policy problems. In 10 parts they discuss the context and the securitization of global environmental change and of extreme natural and societal outcomes. They suggest a new research programme to move from knowledge to action, from reactive to proactive policies and to explore the opportunities of environ-mental cooperation for a new peace policy. (orig.)

  7. The policy relevance of global environmental change research

    Yarnal, Brent

    1996-01-01

    Many scientists are striving to identify and promote the policy implications of their global change research. Much basic research on global environmental change cannot advance policy directly, but new projects can determine the relevance of their research to decision makers and build policy-relevant products into the work. Similarly, many ongoing projects can alter or add to the present science design to make the research policy relevant. Thus, this paper shows scientists working on global change how to make their research policy relevant. It demonstrates how research on physical global change relates to human dimensions studies and integrated assessments. It also presents an example of how policy relevance can be fit retroactively into a global change project (in this case, SRBEX-the Susquehanna River Basin Experiment) and how that addition can enhance the project's status and science. The paper concludes that policy relevance is desirable from social and scientific perspectives

  8. Is Greed Still Good? Was It Ever? Exploring the Emoscapes of the Global Financial Crisis

    Kenway, Jane; Fahey, Johannah

    2010-01-01

    We seek to contribute to political and policy analyses of globalisation by attending to global flows of emotions and by developing the concept global emoscapes. In so doing we build on Arjun Appadurai's theorisation of the disjunctive scapes of the global cultural economy. As a way of illustrating the benefits of our approach, we deploy it to…

  9. Graphical Methodology of Global Pollution Index for the Environmental Impact Assessment Using Two Environmental Components

    Corneliu Cojocaru

    2017-04-01

    Full Text Available One of the applied methods for environmental impact assessment is the index of global pollution (IGP proposed by Rojanschi in 1991. This methodology enables the global estimation for the ecosystem state affected more or less by human activities. Unfortunately, Rojanschi’s method has a limitation; it can be applied only if at least three environmental components are considered. Frequently, many environmental impact assessment applications rely on analysis of only two environmental components. Therefore, this work aimed to develop a new graphical method to extend Rojanschi’s approach for the case of two environmental components. The proposed method avoids the average value of evaluation grades and uses only the graphical correspondence for calculation of the index of global pollution. A right-angle triangle graph methodology was proposed, where bases represented the values of evaluation grades. Thus, for the case of two environmental components, the index of global pollution was calculated as the relation between the ideal and real ecosystem states represented by the ratio between areas of external and enclosed right triangles. The developed graphical method was tested and validated for real case studies: the environmental impact assessment from a refinery located on the Romanian Black Sea Coast considering Air and Water environmental components and from a coal-fired thermoelectric power plant from Eastern Romania regarding Air and Soil environmental components. In this way, it was provided a reliable and faster tool to be used for the pollution characterization of human-derived chemicals for better decisions in risk management.

  10. Financial crisis and global imbalances: its labour market origins and the aftermath

    Pasquale Tridico

    2012-01-01

    The objective of this paper is to articulate how the 2007--09 economic crisis is rooted in the uneven income distribution and inequality caused by the current finance-led model of growth. The process of financialisation that took place in the 1980s in the USA and then in the European Union was coupled with labour flexibility, wage moderation and soaring profits. The flexibility agenda of the labour market and the end of wage increases, along with the contraction of indirect wages (i.e. public...

  11. Una reflexión introductoria sobre la naturaleza de la actual crisis global y los límites del capitalismo

    Henry Mora Jiménez

    2008-06-01

    Full Text Available La actual crisis económica mundial puede ciertamente caracterizarse como una de carácter sistémico y global, conjugándose a la vez con una crisis de civilización que pone en jaque no solo al sistema económico, sino, al sistema de vida. Que no se trata de una crisis cíclica más es un hecho reconocido, pero necesitamos precisar el carácter de la misma, al menos de manera inicial y preliminar. En este ensayo apoyamos la tesis de una crisis sistémica global, pero sin dejar de advertir que los fundamentos del capitalismo también están mostrando sus límites históricos y exacerbando las amenazas globales sobre las condiciones de existencia de la vida, sin que por ello se trate, necesariamente, de una crisis terminal; y tanto las opciones capitalistas, como las post capitalistas y las anti capitalistas están a la orden del día.

  12. VAR—ANALYSIS OF GLOBAL FINANCIAL ECONOMIC CRISIS IMPACT ON PUBLIC BUDGET AND UNEMPLOYMENT: EVIDENCE FROM THE ECONOMY OF THE KYRGYZ REPUBLIC

    Nargiza Bakytovna Alymkulova

    2016-12-01

    Full Text Available The Global financial crisis hit the economy of the Kyrgyz Republic by the third wave of its transmission in the early of 2009. The article examines the impact of the Global financial economic crisis on the public budget and unemployment of the Kyrgyz Republic. We analyzed the transmission of the crisis on the public budget firstly and its effect on unemployment level by using the vector autoregression approach (VAR and quarterly data for 2005–2013 within the framework of IS-LM model for small open economies with floating exchange rate. There is an inverse relationship between the public budget and remittances inflow, liquidity level, volume of deposits, and exchange rate. As a result of the study, the fall in remittances inflows, liquidity level of the banking system, depreciation of the national currency lead to an increase in public revenue. Therefore, the increase in public spending during the crisis period, with the aim of unemployment reduction, may be considered as a crucial policy. The study result allows to policy-makers to exactly know what channels of transmission mechanism transfer the Global crisis on the public budget and its effect on unemployment level of the republic in order to undertake anticrisis macroeconomic policy. The final result of the study indicates that the increase of unemployment level by 1 % requires the increase of public spending by 0.63 %.

  13. Socio-economic data for global environmental change research

    Otto, Ilona; Biewald, Anne; Coumou, Dim

    2015-01-01

    Subnational socio-economic datasets are required if we are to assess the impacts of global environmental changes and to improve adaptation responses. Institutional and community efforts should concentrate on standardization of data collection methodologies, free public access, and geo-referencing....

  14. Transparency Under Scrutiny: Information Disclosure in Global Environmental Governance.

    Gupta, A.

    2008-01-01

    Although transparency is a key concept of our times, it remains a relatively understudied phenomenon in global environmental politics. The link between transparency and accountable, legitimate and effective governance is assumed, yet the nature and workings of this link require further scrutiny.

  15. The global financial crisis and psychological health in a sample of Australian older adults: a longitudinal study.

    Sargent-Cox, Kerry; Butterworth, Peter; Anstey, Kaarin J

    2011-10-01

    Economic stress and uncertainty is argued to increase older adults' vulnerability to physical health decline and mental distress. Nevertheless, there is a paucity of research that examines the relationship between a large historical economic event, such as the recent global financial crisis (GFC), and health outcomes for older adults. This study provides a unique opportunity to compare self-reported health status and psychological functioning (number of depression and anxiety symptoms) in 1973 older Australian adults (mean age of 66.58 years (SD = 1.5)) prior to the GFC (2005-2006), with their status four years later during the GFC period (2009-2010). Latent difference score models revealed a significant difference in depression and anxiety symptoms over the two measurement occasions, indicating poorer psychological functioning for those who reported an impact as a result of the economic slowdown. These effects were not explained by demographic or socio-economic factors. Interaction effects showed that those participants who were surveyed within the acute salience period of the GFC (April to September 2009) were significantly less likely to report poorer psychological health over time compared to those who were surveyed after September 2009. This interesting timing effect is discussed in terms of potential time-lags in the negative effects of economic stress on health outcomes, as well as the possible protective effects of social norms that may be created by a large scale economic crisis. Copyright © 2011 Elsevier Ltd. All rights reserved.

  16. [Technology and future ways of thinking related to work from ergonomics points of views in moments of global crisis].

    Puentes-Lagos, David E; García-Acosta, Gabriel

    2012-06-01

    Is it possible to establish (at short, medium and long term) future work conditions or expected work conditions for Colombian people considering upcoming work technologies? Is it possible to anticipate future work desirable work conditions for Colombian people in order to plan (foresee?) work technologies? These questions guided this research and they point to an action thesis and to a reaction one in this context of work crisis. Even though a work technology establishes where, when, how, who, who with, and using what element work is done, it also establishes certain work conditions. Besides, multiple forms of considering and deconstructing past have been created from many disciplines. However, in order to foresee or construct work technologies requires a different perspective for looking further. This research has been carried out considering other disciplines points of view regarding Future Studies and Future Thinking Studies. This research has the purpose of finding future paths for Future Thinking Studies from ergonomics point of view in this moment of global work crisis we are going through.

  17. Role of social science in global environmental change: case of urbanisation

    Njiro, E

    2006-02-01

    Full Text Available the role of social scientists in global environmental change by examining urbanisation and other environmental changes as suggested in the science plan of the International Human Dimensions Programme on Global Environmental Change (IHDP 2005)...

  18. The anxieties of globalization: antidepressant sales and economic crisis in Argentina.

    Lakoff, Andrew

    2004-04-01

    This paper describes the role of market research firms in shaping the actions of key players in the pharmaceutical arena. It focuses on strategies for marketing novel antidepressants (selective serotonin reuptake inhibitors, SSRIs) to doctors in Buenos Aires during the Argentine financial crisis of 2001, posing the question of whether increased antidepressant sales were due to the social situation or to promotional practices. This case demonstrates how 'pharmaceutical relations' - interactions between doctors and pharmaceutical companies - are structured by a gift economy whose effects are monitored through the sales numbers produced by database firms. It suggests that the use of these numbers takes on special importance given the distinctiveness of both the Argentine context and the antidepressant market. More generally, the case points to the interpretive flexibility of psychotropic medication. In the Argentine setting, doctors' prescription of SSRIs was dependent neither on a diagnosis of depression nor on a biological understanding of mental disorder. These drugs found a different means of entering the professionally mediated marketplace: doctors understood and used SSRIs as a treatment not for a lack of serotonin in the brain, but for the suffering caused by the social situation - the sense of insecurity and vulnerability that the economic and political crisis had wrought.

  19. Issues with choice architecture, environmental ethics, and globalization.

    Sankowski, Edward

    2018-01-01

    Cass R. Sunstein's book The Ethics of Influence appears to have three ideological features notable for purposes of this essay. The book emphasizes choice architecture (and related notions such as nudges and defaults), which should be ethically scrutinized to guard against ethical abuses and to assist us in ethically desirable uses of scientific psychology and behavioral economics. (1) This particular book focuses more on scrutinizing nation-state government than on corporate activities. (2) This book focuses more on domestically directed governmental action than on externally directed governmental action. (3) This book focuses more on certain developed liberal democracies than on the more comprehensive global situation. Sunstein is especially interested in environmental issues, particularly energy policy, global warming, and climate change. This essay argues that Sunstein's conceptual scheme can be fruitfully expanded to progress toward a normative environmental ethics that can be integrated with the insights of global political economy.

  20. Deprivation and Resistance: Environmental Crisis, Political Action, and Conflict Resolution in the Niger Delta since the 1980s

    David Aworawo

    2013-05-01

    Full Text Available The interlocking relationship between environmental degradation, poverty,and violent conflict has been a prominent theme contained within the literature on sustainable development and conflict resolution since the midtwentieth century. While some analysts have argued that violence has not been limited to the poor and deprived, many have concluded from various studies that the devastation of the environment, poverty, and conflict are inextricably intertwined. This article examines this theme by analyzing the pattern of violence and nature of conflict resolution in the oil-producing enclave of the Niger Delta in the past three decades. A report of the United Nations Environment Programme on parts of the Niger Delta published in August 2011 reveals that the area is one of the most intensely polluted in the world. The report confirms the conclusion of several other earlier reports on the Niger Delta, which state that activities relating to the exploitation of oil and gas have led to intense environmental pollution and extreme poverty and that those conditions have spawned violence. The article is exploratory and analytical. It draws from diverse sources, including government records and reports of intergovernmental and non-governmental organizations as well as oral information gathered by the author from fieldwork conducted across the Niger Delta between 2007 and 2012, to explore the nature of the Niger Delta crisis from the 1980s until the present. The article argues that environmental degradation is central to the Niger Delta crisis, as it has hampered rural economic activities and posed a threat to human security. The article concludes that the effective tackling of the environmental crisis in the Niger Delta would surely reduce poverty and violence in the area.

  1. Human response to environmental change in the perspective of future, global climate

    Butzer, Karl W.

    1983-05-01

    Human response to severe environmental stress is conceived and implemented by individuals, but must be approved by the group. These decisions are made with respect to perceived circumstances. Societies are enmeshed within adaptive systems that provide a matrix of opportunities and constraints for a wide range of potential behavioral variability. Such systems repeatedly readjust to short-term crises, e.g., droughts, but persistent and severe environmental stress may require substantial revision of adaptive strategies. The Sahel drought of 1968-1973 is an example of a brief but severe crisis, recurring along the Saharan margins perhaps once every 30 years. Closer inspection shows links between intensified intertribal warfare and ecological stress in the lower Omo Valley. The decline of the Egyptian New Kingdom during the 12th century B.C., in response to economic stagnation, sociopolitical instability, dynastic weakness, foreign pressures, and poor Nile floods over 50-70 years, represents a more complex and fundamental modification, with systemic simplification lasting 450 years. Such insights can be applied to future, global climatic change due to increasing atmospheric CO 2. Simulation and paleoclimatic experience suggest a drier climate for the North American and Soviet breadbaskets, to threaten world food supplies at a time of maximum demographic pressures and declining resources. Public perception and remedial planning should receive the attention of Quaternary scientists, in order to preempt an involuntary, global, systemic simplification.

  2. Export Trade Performance of Indian Economy during and Following the Global Financial Crisis

    Dr. Sumanjeet Singh

    2011-01-01

    Towards the end of 2008 the effects of global recession started getting reflectedin international trade. The fall in global demand and the slowing-down ineconomic growth translated into a substantial reduction in internationaltrade. It affected the cross-border trade of virtually all countries and economicsectors. Indian exports trade could not remain unaffected in a situation whereexternal demand was dwindling globally. The present paper reviews India’sexport performance during and following...

  3. Occupational class differences in suicide: evidence of changes over time and during the global financial crisis in Australia.

    Milner, Alison J; Niven, Heather; LaMontagne, Anthony D

    2015-09-21

    Previous research showed an increase in Australian suicide rates during the Global Financial Crisis (GFC). There has been no research investigating whether suicide rates by occupational class changed during the GFC. The aim of this study was to investigate whether the GFC-associated increase in suicide rates in employed Australians may have masked changes by occupational class. Negative binomial regression models were used to investigate Rate Ratios (RRs) in suicide by occupational class. Years of the GFC (2007, 2008, 2009) were compared to the baseline years 2001-2006. There were widening disparities between a number of the lower class occupations and the highest class occupations during the years 2007, 2008, and 2009 for males, but less evidence of differences for females. Occupational disparities in suicide rates widened over the GFC period. There is a need for programs to be responsive to economic downturns, and to prioritise the occupational groups most affected.

  4. Environmental policy: Meeting the challenge of global warming

    Gotzaman, P.

    1990-01-01

    The Canadian government's overall approach to resolving the environmental problems due to global warming is discussed, with reference to how this approach is related to actions taken by other countries. Canada's environmental strategy is based the need to correct the failure to take into account the environmental consequences of daily actions. One element seen necessary for such correction, better environmental decisionmaking, is underlain by such key factors as the need to provide a strong scientific base on which to make decisions, resolving uncertainties regarding the greenhouse effect, and an environmentally educated population. Direct governmental measures can be taken to factor environmental considerations into decisions, such as regulatory instruments regarding the environment and economic incentives to encourage taking the environment into account. With respect to global warming, Canada has signed the Hague Declaration on international cooperation to reduce greenhouse gas emissions. About half the annual world emissions of greenhouse gases come from fossil fuel combustion. Canada is the fourth largest producer per capita of the single most important greenhouse gas, carbon dioxide. The transport and industrial sectors each account for ca 25% of Canada's CO 2 emissions, and energy conservation is seen as a first step in reducing these emissions. The greatest scope for reducing greenhouse gas emissions in the transport sector appears to lie in the development of convenient and economic alternate fuels

  5. Environmental Engineering Curricula assessment in the global world

    Caporali, Enrica; Catelani, Marcantonio; Manfrida, Giampaolo; Valdiserri, Juna

    2014-05-01

    Environmental engineers are technicians with specific expertise on the sustainability of human presence in the environment. Among other global dilemmas, to the environmental engineers it is often demanded to be able in developing systematic, innovative solutions in order to simultaneously meet water and energy needs, to build resilience to natural and technological disasters, to more accurately gauge and manage countries' greenhouse gas emissions. The general objectives of the Environmental Engineers are to establish actions of environmental sustainability as well as to verify progress toward global goals or international commitments. The globalization of challenges and problems to be faced, leads, in general, to the globalization of the engineering profession. In particular, since the environmental issues are without boundaries, and many and different are the involved professions and the competences, the environmental engineer must have a multidisciplinary and interdisciplinary approach to adequately answer to the demand of technical innovative knowledge at global scale. The environmental engineers, more and more, are involved in international projects were the effective collaboration requires not only the capacity to communicate in a common technical language, but also the assurance of an adequate and common level of technical competences, knowledge and understanding. The Europe-based EUR ACE system, currently operated by ENAEE - European Network for Accreditation of Engineering Education, can represent the proper framework and accreditation system in order to provide a set of measures to assess the quality of engineering degree programmes in Europe and abroad. In the global frame of the knowledge triangle: education-innovation-research, the accreditation and quality assurance of engineering curricula in Europe is discussed with reference to the Environmental engineering curricula, of the 1st and 2nd cycle, based on the European Credit Transfer System and in

  6. The Crisis of “Passive Revolution” in The Era of Global Capitalism

    Li, Xing

    This paper provides a framework of understanding how globalization has reshaped the terrain and parameters of social, economic and political relations both at the national and the global levels and has exerted pressure on the resiliency capacities of capitalism. It proposes to examine the ways...... of capitalism’s hegemony and especially limiting its resilient capacities....

  7. ENVIRONMENTAL CONFLICT MEDIATION

    GABRIELA G. MIHUT

    2011-04-01

    Full Text Available At a time of global economic crisis followed by resource crisis, a period in which the world seeks alternative resources through eco-investment, environmental conflicts are inevitable. Romania is among the few countries that do not pay enough attention to environmental conflicts and to the advantages to of solving them through mediation procedure. The present paper deals with areas in which conflicts can be applied in environmental mediation and its benefits.

  8. Adopting the euro: Romanian perspectives in the context of the global financial crisis

    Oros, A.

    2013-06-01

    Full Text Available The objective of this paper is to examine Romania’s capacity to fulfil the nominal convergence criteria in the current context, in order to follow the calendar proposed for euro adoption in 2015. The paper analyzed the evolution of all five criteria under the impact of the current financial crisis and also looked at the forecast provided by national and international authorities. The study was conducted considering the relative situation with the euro area. The main finding is that the actual target for euro adoption could be complied with, provided further progress is made. We have also fond that the target should be achieved as it would represent a strong stimulus for the local government to implement additional measures to reduce public indebtedness and inflationary pressure.

  9. The role and importance of ECB's monetary policy in the global economic crisis

    Stakić Nikola

    2014-01-01

    Full Text Available This paper presents the role and importance of the European Central Bank (ECB in the context of measures and effects that are being taken to repair the consequences of the current economic crisis. The ECB, together with the European single currency, the euro, symbolizes long-lasting monetary integration of the EU states. Such form of integration has created the possibility of a supranational action of ECB in the banking sector and financial markets in general. Along with the other most important central banks in the world, the ECB applies various unconventional instruments of monetary policy to stimulate economic growth and development. In this context, the paper explains the nature and mechanism of such measures in order to influence on the insufficient liquidity in the financial markets.

  10. RELEVANCE OF CORPORATE GOVERNANCE MODELS IN COMPANIES DEVELOPMENT, IN CONTEXT OF THE GLOBAL CRISIS

    LUMINIŢA CECILIA CRENICEAN

    2012-05-01

    Full Text Available Although the existing confusion regarding the concept of corporate governance persists, its role on sustainable maximize corporate values and providing high performance is undeniable. Moreover, the test of a corporate governance effectiveness model is the measurement in which it succeed to achieve the main objective, namely, that the company's perspective to maximize value to shareholders. In the economic crisis, it requires that by those systems in which companies are managed and controlled has to interact directly with social responsibility and business ethics held by those entities. It is expected that corporate managers have an efficient economic behavior, different from that of members of governments and economic decline that records do not meet current socio-economic situation

  11. A strategy for global environmental education at the university

    Hussain, S.T.; Hayes, R.L.

    1993-01-01

    The Earth's environment is a dynamic system that is affected both by natural phenomena and by human activity. The changes occurring in the global environment are bound to have serious consequences for all its inhabitants. Therefore, the world is rapidly becoming interdependent. Multidisciplinary scientific efforts must be directed toward understanding these global environmental changes. These efforts will require sufficient funds to attract scientists into global environmental research and to disseminate new knowledge to future scholars and to the general public alike. The federal government has a definite role to play in this effort and should allocate sufficient funds to initiate and sustain these programs. Unfortunately, such funds are not currently budgeted. The academic department, as the basic structural and functional unit of the American university system, is most appropriate to ensure environmental educational goals. The authors propose the establishment of a novel Department of Global Environment at every university. That department must be multidisciplinary in nature and must accumulate a critical mass of scholars from all relevant traditional disciplines in the arts and sciences to generate knowledge, to educate students, and to provide advisory services to policy makers. The study product of this department should receive a broad-based education and should emerge as an informed individual who possesses sufficient skills to achieve sustainable communities. That student should also be equipped to assume leadership and to formulate policy about global environmental issues. The investment in education may well be the only way to secure a future for humanity and for the natural world as we now know it

  12. Implications of the global financial crisis for the response to diseases of poverty within overall health sector development: the case of tuberculosis.

    Maher, Dermot

    2010-01-01

    The global financial crisis poses a threat to global health, and may exacerbate diseases of poverty, e.g. HIV, malaria and tuberculosis. Exploring the implications of the global financial crisis for the health sector response to tuberculosis is useful to illustrate the practical problems and propose possible solutions. The response to tuberculosis is considered in the context of health sector development. Problems and solutions are considered in five key areas: financing, prioritization, government regulation, integration and decentralization. Securing health gains in global tuberculosis control depends on protecting expenditure by governments of countries badly affected by tuberculosis and by donors, taking measures to increase efficiencies, prioritizing health expenditures and strengthening government regulation. Lessons learned will be valuable for stakeholders involved in the health sector response to tuberculosis and other diseases of poverty.

  13. Global payment for health services as a solution in the financial crisis in Europe.

    Schrijvers, Guus

    2012-10-01

    In these financial difficult years many European governments used global ceilings to control costs of health services. Two scenarios are thinkable. The first is that all individual providers get a budget for their own costs: general practitioners, specialists, hospitals, nursing homes and mental health institutes. The second scenario is to work with global budgets for health care providers servicing a total population. Scientists and policy makers in Europe, North America and Asia need time to design new payment systems based on the idea of global budgeting, bundled payment and shared savings.

  14. ¿Crisis alimentaria o la agudización de la iniquidad? La crisis sistémica de la aldea global

    Juan Huaylupo Alcázar

    2009-06-01

    Full Text Available La crisis alimenticia es apreciada como un problema productivo y distributivo, aun cuando no hay carencia ni una sobredemanda de alimentos que determine su escasez. La crisis es el sobreprecio de los alimentos, es la especulación con una mercancía vital para la vida y la salud de las personas y los pueblos. El incremento de las ganancias por la vía de la comercialización es una decisión de quienes centralizan la producción y la comercialización de dichos bienes, ante Estados que han desregulado y liberalizado las actividades mercantiles y renunciando a la atención de las necesidades, problemáticas y aspiraciones ciudadanas. La especulación con los alimentos es la apropiación del bienestar, porque agudiza la pobreza y amenaza con la desnutrición y el hambre de las poblaciones, pero también pone en evidencia la crisis de valorización del capital que impulsa formas de apropiación previas al capitalismo para la obtención de utilidades. La maximización de la explotación al trabajo, el despojo de los precarios recursos de los consumidores y de la apropiación de las tierras, son manifestaciones que recuerdan formas coloniales de dominio. La actual crisis no es alimentaria ni financiera, es una crisis del sistema imperante que busca reconformarse ante sus contradicciones e inoperancia del mercado. Sin embargo, el horizonte ideológico y cognoscitivo predominante, impide apreciar el bienestar social como una alternativa para la salida de la crisis.

  15. Consumption, Ecological Footprints and Global Inequality: A Lesson in Individual and Structural Components of Environmental Problems

    Obach, Brian K.

    2009-01-01

    As evidence of the growing ecological crisis mounts, it is imperative that sociologists speak to this social problem and incorporate a sociological perspective on environmental issues into the curriculum. Central to understanding how social issues relate to environmental problems is an examination of the ties between consumption and its ecological…

  16. Genetic and Environmental Influences on Global Family Conflict

    Horwitz, Briana N.; Neiderhiser, Jenae M.; Ganiban, Jody M.; Spotts, Erica L.; Lichtenstein, Paul; Reiss, David

    2010-01-01

    This study examined genetic and environmental influences on global family conflict. The sample comprised 872 same-sex pairs of twin parents, their spouses/partners and one adolescent child per twin from the Twin and Offspring Study in Sweden (TOSS). The twins, spouses and child each reported on the degree of family conflict, and there was significant agreement among the family members’ ratings. These shared perspectives were explained by one common factor, indexing global family conflict. Genetic influences explained 36% of the variance in this common factor, suggesting that twins’ heritable characteristics contribute to family conflict, via genotype-environment correlation. Nonshared environmental effects explained the remaining 64% of this variance, indicating that twins’ unique childhood and/or current family experiences also play an important role. PMID:20438198

  17. The Ideology of New Public Management, Associational Representation and the Global Financial Crisis

    Carlo Ruzza

    2014-11-01

    Full Text Available This paper argues that the 2008 financial crisis accelerated a set of long-term dynamics which in turn have undermined two dominant models of state-society relations. On the one hand, the paper examines how the concept of social citizenship is based on a vision of state-society relations, which in recent years has been oriented by a philosophy of marketization of the state and of the relation between citizens and the state. On the other hand, it discusses an emerging emphasis on the role of organised civil society as a different and competing approach to state-society relations. Discussion will centre on how the interactions between these two ideologies and the related practices have impacted on conceptions of the modern state. Among the factors that affect this interaction are the impact of migration, the erosion of welfare states, and the redefined character of social vulnerability which now affect new groups of individuals. The paper considers all these changes as background phenomena which impact on relations between state and society in several ways, but particularly in terms of the meaning of social citizenship

  18. Global Origins of World War One. Part One: The World Crisis over Concessions in China

    Anthony D'Agostino

    2009-12-01

    Full Text Available En el presente artículo se ahonda en el debate sobre los prolegómenos, orígenes y responsabilidades de la I Guerra Mundial. Alejándose de un enfoque eurocéntrico, se pretende exponer la importancia que para el desencadenamiento de los hechos de 1914 tuvo el desencadenamiento de tensiones y crisis diplomáticas situadas en la periferia del sistema internacional. Se prestará especial a las ocurridas en Extremo Oriente, describiéndose las causas de las mismas, las posiciones adoptadas por cada una de las grandes potencias ante ellas y las consecuencias que tuvieron para el equilibrio geoestratégico tanto de la región como del planeta, vinculándolo al estallido del primer conflicto mundial.______________________ABSTRACT:In the present article the author deepens in the debate on the origins and responsibilities of the World War One. Moving away from an eurocentric approach, the author tries to expose the importance that for the facts of 1914 had the triggering of tensions and diplomatic crises placed in the periphery of the international system. The author will give specially attention to happened in Far East. It will be described the reasons of the same ones, the positions adopted as each of the great powers before them and the consequences that had for the geostrategic balance both of the region and of the planet, linking it to the snap of the World War One.

  19. Emergency response in a global health crisis: epidemiology, ethics, and Ebola application.

    Salerno, Jennifer; Hlaing, WayWay M; Weiser, Thomas; Striley, Catherine; Schwartz, Lisa; Angulo, Frederick J; Neslund, Verla S

    2016-04-01

    The link between ethics and epidemiology can go unnoticed in contemporary gatherings of professional epidemiologists or trainees at conferences and workshops, as well as in teaching. Our goal is to provide readers with information about the activities of the College and to provide a broad perspective on a recent major issue in epidemiology. The Ethics Committee of the American College of Epidemiology (ACE) presented a plenary session at the 2015 Annual Meeting in Atlanta, GA, on the complexities of ethics and epidemiology in the context of the 2014-2015 Ebola virus disease outbreak and response in West Africa. This article presents a summary and further discussion of that plenary session. Three main topic areas were presented: clinical trials and ethics in public health emergencies, public health practice, and collaborative work. A number of key ethical concepts were highlighted and discussed in relation to Ebola and the ACE Ethics Guidelines. The Ebola virus disease outbreak is an example of a public health humanitarian crisis from which we hope to better understand the role of professional epidemiologists in public health practice and research and recognize ethical challenges epidemiologists faced. Copyright © 2016 Elsevier Inc. All rights reserved.

  20. Funding for tuberculosis research—an urgent crisis of political will, human rights, and global solidarity

    Mike Frick

    2017-03-01

    Full Text Available Tuberculosis (TB killed more people in 2015 than any other single infectious agent, but funding for research to develop better prevention, diagnosis, and treatment methods for TB declined to its lowest level in 7 years. TB research and development (R&D is woefully underfunded, a situation best viewed as a crisis of political will and a failure on the part of governments to see unmet innovation needs in the TB response as a human rights issue requiring immediate action. Over 60% of available money for TB R&D comes from public sources, and 67% of public money comes from a single country: the USA. The election of Donald Trump to the US presidency in November 2016 has introduced great uncertainty into the support that science generally, and TB research in particular, will receive in the coming years. Advocacy on the part of all actors—from civil society to TB-affected communities to scientists themselves—is urgently needed to increase US government support for TB research moving forward.

  1. Funding for tuberculosis research-an urgent crisis of political will, human rights, and global solidarity.

    Frick, Mike

    2017-03-01

    Tuberculosis (TB) killed more people in 2015 than any other single infectious agent, but funding for research to develop better prevention, diagnosis, and treatment methods for TB declined to its lowest level in 7 years. TB research and development (R&D) is woefully underfunded, a situation best viewed as a crisis of political will and a failure on the part of governments to see unmet innovation needs in the TB response as a human rights issue requiring immediate action. Over 60% of available money for TB R&D comes from public sources, and 67% of public money comes from a single country: the USA. The election of Donald Trump to the US presidency in November 2016 has introduced great uncertainty into the support that science generally, and TB research in particular, will receive in the coming years. Advocacy on the part of all actors-from civil society to TB-affected communities to scientists themselves-is urgently needed to increase US government support for TB research moving forward. Copyright © 2016 The Author(s). Published by Elsevier Ltd.. All rights reserved.

  2. Understanding students visions about environmental global problems. Experience and lessons learned of teaching in Lithuania.

    Pereira, Paulo; Siarova, Hanna; Misiūnė, Ieva; Cerda, Artemi; Úbeda, Xavier

    2015-04-01

    Nowadays, environment is accepted to be an important element of our welfare. Our activities and societal status are strongly related with the quality of the environment where we live. On the other hand historical and cultural backgrounds shape importantly our views about the environment and how we act towards it in our daily life. In a context of globalization and increase of competition at international level, knowledge appears to be one of the key components for the advance of the word. Most of the knowledge produced comes from high level education institutions and research centres, which have responsibility to create and encourage critical thinking. Individuals aware of the problems can be more active and can push things forward. We think that environmental knowledge and awareness are fundamental for the future of the society. In order to develop better methodologies are developed if we have a better perception of students understanding of environmental problems. The objective of this work is to study the Lithuanian university level student's perception about some environmental challenges of our society. We selected several questions for the students rate according the relevance of the question, as "Air Pollution", "Waste Management", "Resources overexplotation", "Biodiversity reduction", "Human Overpopulation" "Poverty", "Global Warming/Climate change", Natural disasters", "Terrorism", "Economical crisis", "War and armed conflicts" and the "Spread of infectious diseases". We ask to the respondents to rate the importance using a likert scale (1=Not Important, 2= not so important, 3=important, 4=very important, 5=the most important). Among all the questions, the most rated where the Water pollution, the Spread of infectious diseases and Air Pollution and the less important where Biodiversity Reduction, Human overpopulation and climate change. These results helped us to identify where some efforts should be taken to raise student's awareness about global

  3. Open Data in Global Environmental Research: Findings from the Community

    Van Honk, J.; Calero-Medina, C.; Costas, R.

    2016-07-01

    This paper presents findings from the Belmont Forum’s survey on Open Data which targeted the global environmental research and data infrastructure community (Schmidt, Gemeinholzer & Treloar, 2016). It highlights users’ perceptions of the term “open data”, expectations of infrastructure functionalities, and barriers and enablers for the sharing of data. A wide range of good practice examples was pointed out by the respondents which demonstrates a substantial uptake of data sharing through e-infrastructures and a further need for enhancement and consolidation. Among all policy responses, funder policies seem to be the most important motivator. This supports the conclusion that stronger mandates will strengthen the case for data sharing. The Belmont Forum, a group of high-level representatives from major funding agencies across the globe, coordinates funding for collaborative research to address the challenges and opportunities of global environmental change. In particular, the E-Infrastructure and Data Management Collaborative Research Action has brought together domain scientists, computer and information scientists, legal scholars, social scientists, and other experts from more than 14 countries to establish recommendations on how the Belmont Forum can implement a more coordinated, holistic, and sustainable approach to the funding and support of global environmental change research. (Author)

  4. The end of the era of generosity? Global health amid economic crisis

    Garrett Laurie

    2009-01-01

    Full Text Available Abstract In the past decade donor commitments to health have increased by 200 percent. Correspondingly, there has been a swell of new players in the global health landscape. The unprecedented, global response to a single disease, HIV/AIDS, has been responsible for a substantial portion of this boon. Numerous health success have followed this windfall of funding and attention, yet the food, fuel, and economic crises of 2008 have shown the vulnerabilities of health and development initiatives focused on short term wins and reliant on a constant flow of foreign funding. For too long, the international community has responded to global health and development challenges with emergency solutions that often reflect the donor's priorities, values, and political leanings, rather than funding durable health systems that can withstand crises. Progress towards achieving the Millennium Development Goals has stalled in many countries. Disease specific initiatives have weakened health systems and limited efforts to improve maternal and child health. As we enter this era of scarce resources, there is a need to return to the foundations of the Alma Ata Declaration signed thirty years ago with the goal of providing universal access to primary healthcare. The global health community must now objectively evaluate how we can most effectively respond to the crises of 2008 and take advantage of this moment of extraordinary attention for global health and translate it into long term, sustainable health improvements for all.

  5. Improved data for integrated modeling of global environmental change

    Lotze-Campen, Hermann

    2011-12-01

    The assessment of global environmental changes, their impact on human societies, and possible management options requires large-scale, integrated modeling efforts. These models have to link biophysical with socio-economic processes, and they have to take spatial heterogeneity of environmental conditions into account. Land use change and freshwater use are two key research areas where spatial aggregation and the use of regional average numbers may lead to biased results. Useful insights can only be obtained if processes like economic globalization can be consistently linked to local environmental conditions and resource constraints (Lambin and Meyfroidt 2011). Spatially explicit modeling of environmental changes at the global scale has a long tradition in the natural sciences (Woodward et al 1995, Alcamo et al 1996, Leemans et al 1996). Socio-economic models with comparable spatial detail, e.g. on grid-based land use change, are much less common (Heistermann et al 2006), but are increasingly being developed (Popp et al 2011, Schneider et al 2011). Spatially explicit models require spatially explicit input data, which often constrains their development and application at the global scale. The amount and quality of available data on environmental conditions is growing fast—primarily due to improved earth observation methods. Moreover, systematic efforts for collecting and linking these data across sectors are on the way (www.earthobservations.org). This has, among others, also helped to provide consistent databases on different land cover and land use types (Erb et al 2007). However, spatially explicit data on specific anthropogenic driving forces of global environmental change are still scarce—also because these cannot be collected with satellites or other devices. The basic data on socio-economic driving forces, i.e. population density and wealth (measured as gross domestic product per capita), have been prepared for spatially explicit analyses (CIESIN, IFPRI

  6. Exploring the impact of the 2008 global food crisis on food security among vulnerable households in rural South Africa.

    Nawrotzki, Raphael J; Robson, Kristin; Gutilla, Margaret J; Hunter, Lori M; Twine, Wayne; Norlund, Petra

    2014-04-01

    Recurring food crises endanger the livelihoods of millions of households in developing countries around the globe. Owing to the importance of this issue, we explore recent changes in food security between the years 2004 and 2010 in a rural district in Northeastern South Africa. Our study window spans the time of the 2008 global food crises and allows the investigation of its impacts on rural South African populations. Grounded in the sustainable livelihood framework, we examine differences in food security trajectories among vulnerable sub populations. A unique panel data set of 8,147 households, provided by the Agincourt Health and Demographic Surveillance System (Agincourt HDSS), allows us to employ a longitudinal multilevel modeling approach to estimate adjusted growth curves for the differential change in food security across time. We observe an overall improvement in food security that leveled off after 2008, most likely resulting from the global food crisis. In addition, we discover significant differences in food security trajectories for various sub populations. For example, female-headed households and those living in areas with better access to natural resources differentially improved their food security situation, compared to male-headed households and those households with lower levels of natural resource access. However, former Mozambican refugees witnessed a decline in food security. Therefore, poverty alleviation programs for the Agincourt region should work to improve the food security of vulnerable households, such as former Mozambican refugees.

  7. The Consequences of China's Impending Economic Crisis on Global Economy: A Predictive Scenario on Sub-Saharan Africa

    Mavhungu Abel Mafukata

    2016-10-01

    Full Text Available The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy – with reference to Sub-Saharan Africa (SSA in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data were collected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA.  The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This  paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.

  8. Tropical deforestation: balancing regional development demands and global environmental concerns

    Wood, A B [US Dept. of State, Washington, DC (USA)

    1990-01-01

    Over half of the world's tropical closed forests, which contain the greatest biodiversity, are found in just three countries: Brazil, Indonesia, and Zaire. Accelerated conversion of tropical forests is occurring because of several interlocking socio-economic and political factors: inequitable land distribution, entrenched rural poverty, and rapidly growing populations which push landless and near-landless peasants on to forest lands that are often infertile. If rates instead of absolute numbers are used to measure the severity of deforestation, Nigeria, Argentina, India, Thailand, Myanmar (Burma), Ecquador, and above all Ivory Coast stand out as countries facing an immediate deforestation crisis. Local management of forest resources, however, can be very contentious and complicated, with overlapping government agencies, competing economic interests, and ambiguous regulations. Without capital investment and entrepreneurial initiatives, residents of forest regions may have no alternative but to farm increasingly infertile soils. Non-governmental organizations, such as the World Wildlife Fund are playing leading roles in innovative debt-for-nature swaps and other forest conservation efforts. International development agencies, such as the World Bank, may play the leading role in conservation and reforestation efforts through their financial assistance programmes. The media, as a global information network, has become a powerful influence on the debate over deforestation. The Third World, bearing an increasingly heavy burden of payments to lending institutions that in 1988 surpassed 50 billion US dollars, will make a strong case that it cannot afford widespread forest conservation.

  9. Towards a global environmental sociology? Legacies, trends and future directions

    Lidskog, Rolf; Mol, Arthur PJ; Oosterveer, Peter

    2014-01-01

    A current debate on environmental sociology involves how the subdiscipline should conceptualise and investigate the environment and whether it should be prescriptive and deliver policy recommendations. Taking this debate as a point of departure this article discusses the current and future role of sociology in a globalised world. It discusses how environmental sociology in the US and Europe differ in their understandings of sociology’s contribution to the study of the environment. Particular stress is placed on how these two regions differ with respect to their use of the tradition of sociological thought, views on what constitutes the environment and ways of institutionalising environmental sociology as a sociological field. In conclusion, the question is raised of whether current versions of environmental sociology are appropriate for analysing a globalised world environment; or whether environmental sociology’s strong roots in European and US cultures make it less relevant when facing an increasingly globalised world. Finally, the article proposes some new rules for a global environmental sociology and describes some of their possible implications for the sociological study of climate change. PMID:25937642

  10. Towards a global environmental sociology? Legacies, trends and future directions.

    Lidskog, Rolf; Mol, Arthur Pj; Oosterveer, Peter

    2015-05-01

    A current debate on environmental sociology involves how the subdiscipline should conceptualise and investigate the environment and whether it should be prescriptive and deliver policy recommendations. Taking this debate as a point of departure this article discusses the current and future role of sociology in a globalised world. It discusses how environmental sociology in the US and Europe differ in their understandings of sociology's contribution to the study of the environment. Particular stress is placed on how these two regions differ with respect to their use of the tradition of sociological thought, views on what constitutes the environment and ways of institutionalising environmental sociology as a sociological field. In conclusion, the question is raised of whether current versions of environmental sociology are appropriate for analysing a globalised world environment; or whether environmental sociology's strong roots in European and US cultures make it less relevant when facing an increasingly globalised world. Finally, the article proposes some new rules for a global environmental sociology and describes some of their possible implications for the sociological study of climate change.

  11. The crisis of international human rights law in the global market economy

    Augenstein, D.H.

    2014-01-01

    The contribution argues that facticity of the human rights impacts of economic globalisation increasingly undermines the normativity of the state-centred conception of international human rights law. The exposure of the international legal order of states to the operations of global business

  12. The Crisis of International Human Rights Law in the Global Market Economy

    Augenstein, Daniel

    2014-01-01

    The article argues that the facticity of the human rights impacts of economic globalisation increasingly undermines the normativity of the state-centred conception of international human rights law. The exposure of the international legal order of states to the operations of global business entities

  13. Global health and national borders: the ethics of foreign aid in a time of financial crisis.

    Johri, Mira; Chung, Ryoa; Dawson, Angus; Schrecker, Ted

    2012-06-28

    The governments and citizens of the developed nations are increasingly called upon to contribute financially to health initiatives outside their borders. Although international development assistance for health has grown rapidly over the last two decades, austerity measures related to the 2008 and 2011 global financial crises may impact negatively on aid expenditures. The competition between national priorities and foreign aid commitments raises important ethical questions for donor nations. This paper aims to foster individual reflection and public debate on donor responsibilities for global health. We undertook a critical review of contemporary accounts of justice. We selected theories that: (i) articulate important and widely held moral intuitions; (ii) have had extensive impact on debates about global justice; (iii) represent diverse approaches to moral reasoning; and (iv) present distinct stances on the normative importance of national borders. Due to space limitations we limit the discussion to four frameworks. Consequentialist, relational, human rights, and social contract approaches were considered. Responsibilities to provide international assistance were seen as significant by all four theories and place limits on the scope of acceptable national autonomy. Among the range of potential aid foci, interventions for health enjoyed consistent prominence. The four theories concur that there are important ethical responsibilities to support initiatives to improve the health of the worst off worldwide, but offer different rationales for intervention and suggest different implicit limits on responsibilities. Despite significant theoretical disagreements, four influential accounts of justice offer important reasons to support many current initiatives to promote global health. Ethical argumentation can complement pragmatic reasons to support global health interventions and provide an important foundation to strengthen collective action.

  14. Global health and national borders: the ethics of foreign aid in a time of financial crisis

    Johri Mira

    2012-06-01

    Full Text Available Abstract Background The governments and citizens of the developed nations are increasingly called upon to contribute financially to health initiatives outside their borders. Although international development assistance for health has grown rapidly over the last two decades, austerity measures related to the 2008 and 2011 global financial crises may impact negatively on aid expenditures. The competition between national priorities and foreign aid commitments raises important ethical questions for donor nations. This paper aims to foster individual reflection and public debate on donor responsibilities for global health. Methods We undertook a critical review of contemporary accounts of justice. We selected theories that: (i articulate important and widely held moral intuitions; (ii have had extensive impact on debates about global justice; (iii represent diverse approaches to moral reasoning; and (iv present distinct stances on the normative importance of national borders. Due to space limitations we limit the discussion to four frameworks. Results Consequentialist, relational, human rights, and social contract approaches were considered. Responsibilities to provide international assistance were seen as significant by all four theories and place limits on the scope of acceptable national autonomy. Among the range of potential aid foci, interventions for health enjoyed consistent prominence. The four theories concur that there are important ethical responsibilities to support initiatives to improve the health of the worst off worldwide, but offer different rationales for intervention and suggest different implicit limits on responsibilities. Conclusions Despite significant theoretical disagreements, four influential accounts of justice offer important reasons to support many current initiatives to promote global health. Ethical argumentation can complement pragmatic reasons to support global health interventions and provide an important

  15. Global perspectives of emerging occupational and environmental lung diseases.

    Moitra, Subhabrata; Puri, Rajan; Paul, Devon; Huang, Yuh-Chin T

    2015-03-01

    New technologies continue to be introduced into the workplace and the environment. These novel technologies also bring in new hazards leading to evolving patterns of established occupational and environmental diseases, as well as novel conditions never before encountered. Many of these emerging conditions have appeared in media outlets or in the literature as case reports. These sentinel cases often serve as a warning sign for subsequent outbreaks. This review will discuss environmental and occupational lung diseases and exposures from a global perspective. These diseases and exposures include environmental exposure to asbestos and lung diseases, accelerated silicosis in sandblasting jean workers, coal worker's pneumoconiosis in surface coal miners, health effects of indoor air pollution from burning of biomass fuels and exposures to heavy metals and potential health effects from hydraulic fracturing (fracking). Other emerging conditions are also discussed, including smog in developing countries, sand storms in Asia and the Middle East and respiratory illnesses from nanoparticles and man-made fibres. Clinicians must remain vigilant for potential occupational and environmental exposures, especially when evaluating patients with unusual and unique presentation, so that occupational and environmental risk factors may be identified, and monitoring and preventive measures can be implemented early.

  16. History of global environmental problems. Chikyu kankyo mondai no rekishi

    Matsui, S [Kyoto University, Kyoto (Japan). Faculty of Engineering

    1994-04-15

    This paper takes general view of the history of global environmental problems. A UN human environment conference was held in Stockholm in 1972, at which the human environment declaration and an action plan were adopted. The most important among the results of the Stockholm Conference were the treaty on international transactions of wild animal and plant species feared of extinction in the 1970's, the international treaty on prevention of pollution caused by ocean vessels, and the treaty on prevention of ocean pollution caused by dumping of wastes and other materials. Also adopted in the 1970's include the action plan to prevent desertification, the action plan on the world population, and the world weather plan. The UN Nairobi Conference in 1982 has sounded the alarm on the delay in tackling with the facing problems and the progress of aggravation in the global environment. In 1987, the ozone layer protection protocol was adopted. The earth summit at Rio de Janeiro in 1992 adopted the Agenda 21, with which the participating nations, autonomous bodies, and civil organizations have prepared their own Agenda 21, and are now about to begin challenging the global environmental problems. 7 refs., 4 tabs.

  17. HORROR VACUI: THE MEANING CRISIS OF THE GLOBALIZED WORLD (THE CASE OF THE EUROPEAN UNION. A JUNGIAN APPROACH

    Mihai NOVAC

    2018-05-01

    Full Text Available In its widest acceptation, globalization amounts to a progressive ‘interdependentization’ of the various areas, levels and regions of human civilization. On account of globalization we are much more prone to becoming one, i.e. Humanity, than in the previous epochs. But what does this mean or, in other words, what is the envisioned shape of this One humanity is heading toward in the context of globalization? Is there in fact any meaning to it? On closer examination, we might find that the issue of meaning was not very much addressed in the discussions concerning globalization; certainly, it is not a major issue on the agenda of the institutions impactful upon this process. If it did make the object of someone’s preoccupations, it was rather only of certain fringe thinkers, political and economic authorities tended to ignore, given that there were always more immediate and practical concerns at hand. However, an unasked question provides no answers and the lack of answers in this respect is very dangerous as it involves the risk of creating, willingly or not, a world without meaning. Socio-cultural arguments in this respect are there to be found by anyone willing to throw an unbiased look at our post-modern history: the industrial and technical revolutions went hand in hand with an over-instrumentalization of our Weltanschauung that, along with its obvious positive consequences, brought along homogenization, massification and alienation, in other words, lack of meaning. The European Union, for example, has just started facing the practical consequences of ignoring this apparently purely theoretical problem: its current legitimacy crisis, in favor of its more traditional state-nationalist counterparts, can be taken as a symptom thereof. This paper is, first, an attempt at asking the question of meaning in the context of globalization and, second, to provide it with an answer (mostly, but not exclusively, on the basis of Jung’s analytical

  18. Sensitivity, Persistence and Asymmetric Effects in International Stock Market Volatility during the Global Financial Crisis || Efectos de sensibilidad, persistencia y asimetría en la volatilidad de los mercados bursátiles internacionales
en el entorno de la crisis financiera global

    Gabriel, Vítor

    2015-06-01

    Full Text Available Financial market volatility is an important element when setting up port- folio management strategies, option pricing and market regulation. The Subprime crisis affected all markets around the world. Daily data of twelve stock indexes for the period of October 1999 to June 2011 are studied using basic GARCH type models. The data were then divided into three different sub-periods to allow the behaviour of stock market in different sub-periods to be investigated. The following sub-periods are identified: Dot-Com crisis, Quiet and Subprime crisis. This paper revealed that the Subprime crisis turned out to have bigger impact on stock market volatility, namely at sensitivity, persistence and asymmetric effects. || La volatilidad de los mercados financieros es un importante elemento para la estrategia de carteras de inversión y para la regulación de los mercados. La crisis subprime afectó a los mercados bursátiles mundiales. Para realizar este estudio, fueron tomados datos diarios relativos a doce mercados bursátiles, desde el 4 de octubre de 1999 hasta el 30 de junio de 2011. El período de la muestra considerado ha sido subdividido en tres subperiodos distintos: crisis de las empresas tecnológicas, tranquilo y crisis financiera global. Para estudiar la volatilidad de los mercados bursátiles, se ha recurrido a modelos de tipo GARCH. Los resultados demuestran la influencia de la crisis financiera global en el comportamiento de la volatilidad del mercado bursátil, sobre todo en cuanto a la sensibilidad, la persistencia y la asimetría.

  19. Domesticating Social Justice Activism in the Global Era? The Process of Reconfiguring the Czech Social Justice Movement in Times of Crisis

    Jiri Navratil

    2014-04-01

    Full Text Available The contemporary economic crisis is sometimes labeled as the greatest crisis of capitalism since the Great Depression. Therefore one might expect it to become a perfect mobilizing grievance for the transnational social justice movement, which used to target the ideology of neoliberal governance and social consequences of unrestricted global financial markets. However, the current responses to the crisis and consequent austerity policies have remained mostly embedded at the national or even local level. The symbols of this struggle—Los Indignados and the Occupy movement—have focused on targeting national political issues rather than on organizing transnational coalitions and international protest events, while paying little attention to the role of global institutions and corporations. This article focuses on the case of Czech Republic and traces two broad processes—scale shift and identity shift— that led to a broader change in the meta-logic of social justice mobilization. These processes and their constituent mechanisms have transformed the globally-focused and weakly-integrated movement into dense and nationally embedded coalitions that have started to target the national consequences of neoliberal governance instead of its global political foundations.

  20. Global Aquaculture Performance Index (GAPI: The First Global Environmental Assessment of Marine Fish Farming

    Jenna M.S. Stoner

    2013-09-01

    Full Text Available “Sustainable” is among the most sought after of all seafood product adjectives. Ironically it is also one of the most poorly defined and understood. The Global Aquaculture Performance Index (GAPI is the first tool to assess environmental performance of global marine aquaculture production, permitting direct comparison of disparate species, production methods and jurisdictions. Clear patterns emerge from this analysis; significant variation of environmental performance is driven by the species being farmed, significant room for improvement exists across the entire sector, the worst performing players are also the fastest growing, particularly within Asia, and perhaps most importantly, this work highlights the potential trap awaiting policy makers who focus too narrowly on farm production efficiency alone as a solution to diminishing seafood availability.