WorldWideScience

Sample records for global environmental crisis

  1. Unpacking the Global Crisis

    DEFF Research Database (Denmark)

    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. THE EVOLUTION OF ECONOMIC GLOBALIZATION DURING THE CURRENT GLOBAL CRISIS

    OpenAIRE

    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...

  3. The Global Economic Crisis and the Africa Rising Narrative

    African Journals Online (AJOL)

    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.

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

    NARCIS (Netherlands)

    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

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

    International Nuclear Information System (INIS)

    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

  6. Crisis and Environmental Philosophy

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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 ...

  8. Policing the Global Crisis

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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 ...

  10. Global integration in times of crisis

    DEFF Research Database (Denmark)

    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....

  11. Emerging Economies and Firms in the Global Crisis

    DEFF Research Database (Denmark)

    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....

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

    International Nuclear Information System (INIS)

    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 IMPACT OF THE GLOBAL FINANCIAL CRISIS ON ALGERIAN ECONOMY

    Directory of Open Access Journals (Sweden)

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

    Science.gov (United States)

    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.

  15. GLOBALIZATION AND ECONOMIC CRISIS IN EUROPEAN COUNTRIES

    Directory of Open Access Journals (Sweden)

    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. The ebola crisis : challenges for global health law

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

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

    OpenAIRE

    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...

  19. Global financial crisis

    Directory of Open Access Journals (Sweden)

    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

  20. The Current Global Financial Crisis 2008-2012

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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.

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

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

  5. The global governance of crisis migration

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    NARCIS (Netherlands)

    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

  10. Global Financial Crisis – Policy Response

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  12. Impact of Global Financial Crisis on Nigerian Stock Market

    African Journals Online (AJOL)

    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 ...

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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…

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

    NARCIS (Netherlands)

    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

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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. 

  18. Global Financial Crisis and Philanthropy: Malaysian Case

    OpenAIRE

    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...

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

    OpenAIRE

    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...

  20. International Cooperation and Energy/Environment crisis

    International Nuclear Information System (INIS)

    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

  1. Mobilization strategy to overcome global crisis of water consumption

    Science.gov (United States)

    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.

  2. The Global Financial Crisis and the Arab World

    DEFF Research Database (Denmark)

    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. Capital Structure and Firm Performance During Global Financial Crisis

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  6. The Global Crisis and the Assault on Democracy

    DEFF Research Database (Denmark)

    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...

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

    African Journals Online (AJOL)

    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 ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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 ...

  10. Las nuevas violencias en la crisis global

    Directory of Open Access Journals (Sweden)

    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.

  11. Global Climate Change as Environmental Megacrisis

    OpenAIRE

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

    Science.gov (United States)

    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,…

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

    Directory of Open Access Journals (Sweden)

    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.

  14. The Economic Crisis and Several Effects on Global Economy

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    OpenAIRE

    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...

  18. THE GLOBAL FINANCIAL CRISIS AND NATIONAL FINANCIAL ...

    African Journals Online (AJOL)

    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.

  19. The Demographic Crisis and Global Migration - Selected Issues

    Science.gov (United States)

    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).

  20. Global Financial Crisis and Philanthropy: Malaysian Case

    Directory of Open Access Journals (Sweden)

    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.

  1. The Reproduction of Neoliberalism and the Global Capitalist Crisis

    DEFF Research Database (Denmark)

    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...

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

    OpenAIRE

    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.

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

    Science.gov (United States)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

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

    International Development Research Centre (IDRC) Digital Library (Canada)

    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 ...

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

    African Journals Online (AJOL)

    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 ...

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

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

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

    International Nuclear Information System (INIS)

    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)

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

    Directory of Open Access Journals (Sweden)

    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

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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.

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

    African Journals Online (AJOL)

    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.

  2. The Cultural Basis for Our Environmental Crisis

    Science.gov (United States)

    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)

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

    NARCIS (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

  4. The Impact of the Global Economic Crisis on Cambodia

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

  6. The Impact of the Global Economic Crisis on Sport

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  8. Competitiveness in the global economic crisis

    Directory of Open Access Journals (Sweden)

    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.

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

    International Development Research Centre (IDRC) Digital Library (Canada)

    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.

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

    African Journals Online (AJOL)

    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 ...

  11. Ways out of the environmental crisis

    International Nuclear Information System (INIS)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

  13. Is There an Identity Crisis in Environmental Ethics?

    Institute of Scientific and Technical Information of China (English)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  15. Russian Cosmism, Global Crisis, Sustainable Development

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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

  17. Lessons and policy implications from the global financial crisis

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

    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”.

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

    Directory of Open Access Journals (Sweden)

    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.

  20. Foreign exchange risk in terms of global financial crisis

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    International Nuclear Information System (INIS)

    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

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

    Energy Technology Data Exchange (ETDEWEB)

    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.

  4. Crisis, What Crisis? The Media: Business and Journalism in Times of Crisis

    Directory of Open Access Journals (Sweden)

    Rosario de Mateo

    2010-08-01

    Full Text Available The global financial and economic crisis is often used to justify a crisis of media and journalism: lower advertising, collapses in the share price, falls in consumption, more unemployment. But is this just a business crisis, or is it also a crisis in journalism and its role in democratic societies? In this case, is the journalism crisis attributable to the economic crisis or, rather, was it forged during the years of high profitability and high salaries in the mass media? These two sides of the crisis, in media industry and in journalism, are addressed in this article, which explores the evolution of mainly Spanish media in the years before the crisis. However, in order to understand how they reached the current situation, political and economic transformations in what has been called the Information Society and neoliberal globalization must be addressed.

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

    DEFF Research Database (Denmark)

    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...

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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 ...

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

    NARCIS (Netherlands)

    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

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

    International Development Research Centre (IDRC) Digital Library (Canada)

    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 ...

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

    NARCIS (Netherlands)

    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

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

    DEFF Research Database (Denmark)

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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…

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

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

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

    African Journals Online (AJOL)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  2. AUDITORS ETHICS IN THE CONTEXT OF GLOBAL CRISIS

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

  4. Cervical cancer: A global health crisis.

    Science.gov (United States)

    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.

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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

  7. GLOBAL CRISIS: SEARCHING THE ORIGINS BY BUSINESS ECONOMICS

    OpenAIRE

    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.

  8. ENVIRONMENTAL CONFLICT MEDIATION

    Directory of Open Access Journals (Sweden)

    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.

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

    NARCIS (Netherlands)

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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. MONETARY POLICY ADJUSTMENT AT THE GLOBAL FINANCIAL CRISIS CONSTRAINTS

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    African Journals Online (AJOL)

    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 ...

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

    Directory of Open Access Journals (Sweden)

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

    NARCIS (Netherlands)

    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.

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

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

  5. 2008 Küresel Ekonomik Krizinin İşletmeler Üzerindeki Etkileri = The Effects of the 2008 Global Economic Crisis on Businesses

    Directory of Open Access Journals (Sweden)

    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.

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

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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…

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

    African Journals Online (AJOL)

    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 ...

  10. Companies’ management during economic crisis

    OpenAIRE

    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...

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

    Science.gov (United States)

    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…

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

    Directory of Open Access Journals (Sweden)

    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.

  13. Venezuela ante la crisis económica global

    Directory of Open Access Journals (Sweden)

    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

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

    Science.gov (United States)

    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. Crisis Diagnosis in Anti-Crisis Management Process in a Company

    OpenAIRE

    Ruta Meiste; Sandra Jakstiene

    2015-01-01

    Crisis concept links up to its appearance area. Some different kinds and levels of crises have been found: we face with global, mainly nature cataclysm crises, state economic crises, corporate crises and individual or psychological crises. The research area of this paper is micro level, i.e. corporate crises or crisis in a company. However, it is emphasized that company is a sociotechnical system, performing in a complex environment, therefore crisis in a company is closely related to global ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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,…

  20. Strategic Decision Making in Times of Global Financial Crisis

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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”.

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

    Science.gov (United States)

    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…

  3. Una reflexión introductoria sobre la naturaleza de la actual crisis global y los límites del capitalismo

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

  5. MUTATIONS OF AUTOMOBILE INDUSTRY IN THE EUROPEAN UNION IN THE WORLD CRISIS CONDITIONS

    Directory of Open Access Journals (Sweden)

    Mircea Alexandru RĂDUŢEANU

    2012-01-01

    Full Text Available Global technical harmonization is considered a driver of international competitiveness of the European automotive industry, with improving global competitiveness of European industry and creating automotive jobs in terms of environmental protection and road safety. The global economic crisis, the European Union had to take some measures to protect the automotive sector, using the investment in innovative technologies to facilitate consumer credit, and financial incentives for people who choose to sell old car and buy a new one. Referring to the importance of the issues examined in Europe today, automotive industry become very substantial, competition is fierce and the pace of change is emphasized. Thus, we have presented in this paper the general characteristics of the motor car industry in Europe and how it was influenced by the global crisis, and then to review the evolution of this sector in Romania and how they are feeling the crisis.

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

    NARCIS (Netherlands)

    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)

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

    NARCIS (Netherlands)

    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

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

    Directory of Open Access Journals (Sweden)

    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

  9. The Economic Crisis and Public Health

    Directory of Open Access Journals (Sweden)

    Victor Sidel

    2009-06-01

    Full Text Available The current global economic crisis seriously threatens the health of the public. Challenges include increases in malnutrition; homelessness and inadequate housing; unemployment; substance abuse, depression, and other mental health problems; mortality; child health problems; violence; environmental and occupational health problems; and social injustice and violation of human rights; as well as decreased availability, accessibility, and affordability of quality medical and dental care. Health professionals can respond by promoting surveillance and documentation of human needs, reassessing public health priorities, educating the public and policymakers about health problems worsened by the economic crisis, advocating for sound policies and programs to address these problems, and directly providing necessary programs and services.

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

    Directory of Open Access Journals (Sweden)

    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

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

    OpenAIRE

    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 (...

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

    International Nuclear Information System (INIS)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

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

    Directory of Open Access Journals (Sweden)

    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.

  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

    Directory of Open Access Journals (Sweden)

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    International Nuclear Information System (INIS)

    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%).

  2. Networks of European cities in worlds of global economic and environmental change

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

  4. FINANCIAL CRISIS, SUBSIDIES AND CLIMATE CHANGE IN THE EQUATION OF SUSTAINABLE DEVELOPMENT

    Directory of Open Access Journals (Sweden)

    FLORINA BRAN

    2011-03-01

    Full Text Available Financial crisis, subsidies and climate change in the equation ofsustainable development. An irreducible situation such as the contemporary financialcrisis creates the premises of major overthrow in decision criteria. Meanwhile,significant progresses in overcoming the ecological crisis, fueled mainly by the climatechange are also in relation with such changes. This convergence is easy to be observeddue to logical connections. If its existence was noticed at decisional levels is theoverarching question that structure the paper. Since the answer is positive, there areexplored the visions and plans of measures developed within this confrontation. Thereis applied a global approach and that is why each discussion considers also theimplications of economic globalization and of global environmental action as influencefactors on the path and direction of change.

  5. An African Understanding of Environmental Ethics | Ojomo | Thought ...

    African Journals Online (AJOL)

    Global concerns about the current environmental crisis have culminated in some controversial environmental ethical theories, among which are normative environmental ethics, sentientist ethics, biocentric ethics, ecocentric ethics and eco-feminist ethics. One of the underlying features connecting these environmental ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    International Nuclear Information System (INIS)

    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

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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 antimicrobial resistance crisis: management through gene monitoring

    Science.gov (United States)

    2016-01-01

    Antimicrobial resistance (AMR) is an acknowledged crisis for humanity. Its genetic origins and dire potential outcomes are increasingly well understood. However, diagnostic techniques for monitoring the crisis are currently largely limited to enumerating the increasing incidence of resistant pathogens. Being the end-stage of the evolutionary process that produces antimicrobial resistant pathogens, these measurements, while diagnostic, are not prognostic, and so are not optimal in managing this crisis. A better test is required. Here, using insights from an understanding of evolutionary processes ruling the changing abundance of genes under selective pressure, we suggest a predictive framework for the AMR crisis. We then discuss the likely progression of resistance for both existing and prospective antimicrobial therapies. Finally, we suggest that by the environmental monitoring of resistance gene frequency, resistance may be detected and tracked presumptively, and how this tool may be used to guide decision-making in the local and global use of antimicrobials. PMID:27831476

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

    OpenAIRE

    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...

  16. Marketing communications in conditions of crisis

    Directory of Open Access Journals (Sweden)

    Ognjanov Galjina

    2009-01-01

    Full Text Available The paper aims to reveal potential economic benefits deriving from implementation of regionally integrated marketing communications strategy in the period of the global financial crisis. Possibilities for implementation of regionally integrated marketing communications strategy in the Western Balkans are analyzed based on the assessment of macro-marketing environmental factors and consumers attitudes. Study results have shown satisfactory conditions for the implementation of regionally integrated marketing communications in four countries of the region. Consequently, in the period of the most recent economic crisis companies operating on this market which decide to implement regionally integrated marketing communications strategy may make significant cost-savings through centralization of their marketing communications activities, organizational learning and synergy rather then from cutting their media budgets.

  17. Fiscal policy and the global financial crisis

    DEFF Research Database (Denmark)

    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....

  18. Re-Envisioning Crisis

    DEFF Research Database (Denmark)

    Snaith, Holly; Rosamond, Ben

    2015-01-01

    of EU integration – namely the 1970s oil shocks and the more recent global financial crisis – in order to determine the extent to which these events have been contemporarily defined as providing opportunities to act, or simply challenges to the existing order. The paper provides an analysis of the way...... in which EU actors have mobilised the idea of ‘crisis’ in order to (a) exert control over endogenous and exogenous destabilising forces, (b) (re)define the EU as an object of both political engagement and academic study, and finally (c) make the case for further expansion and integration (particularly....... The comparative nature of the findings helps to contextualise current discourses around the global financial crisis, in order to evaluate the EU’s previous efforts at global repositioning, and the significance of crisis discourse to these efforts....

  19. Global Journal of Environmental Sciences

    African Journals Online (AJOL)

    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/ ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  3. Global consequences of US environmental policies

    International Nuclear Information System (INIS)

    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

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

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  8. VAR—ANALYSIS OF GLOBAL FINANCIAL ECONOMIC CRISIS IMPACT ON PUBLIC BUDGET AND UNEMPLOYMENT: EVIDENCE FROM THE ECONOMY OF THE KYRGYZ REPUBLIC

    Directory of Open Access Journals (Sweden)

    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 %.

  9. Currency Crisis Revisited: A Literature Review

    Directory of Open Access Journals (Sweden)

    Teuta Ismaili Muharremi

    2015-12-01

    Full Text Available This paper elaborates on currency crisis, focusing on the main factors causing the currency crisis. After a brief overview of the main factors driving currency crisis, the paper provides a literature review highlighting that the history of the global economy experienced a number of currency crisis whereas as relates to the triggers of the currency crisis there are three generations of models that have been used to explain currency crisis during the last four decades. Underscoring the role of the government in financial market, in particular the evolution of this role as a result of the recent global financial crisis and highlighting other factors that trigger such crisis, the paper concludes that the potential financial crisis can be addressed using early warning system, which consists of indicators proven to be beneficial in anticipation of the currency crisis, and using the advanced empirical models of currency crisis. In this context the paper reveals that currency crisis are associated with all factors impacting them such as inflation, real exchange rate, import growth, US interest rates, public debt/GDP, and current account/GDP – all with a slightly different time lag.

  10. Latin American alternatives to Environmental Crisis gestated Beyond Capitalism

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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…

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

    Directory of Open Access Journals (Sweden)

    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.

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

    International Nuclear Information System (INIS)

    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

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

    Science.gov (United States)

    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.

  18. Global Economy under the Current Economic Crisis Effects

    OpenAIRE

    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...

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

    International Nuclear Information System (INIS)

    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)

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

    Science.gov (United States)

    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…

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    Energy Technology Data Exchange (ETDEWEB)

    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

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

    Science.gov (United States)

    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.

  5. BAJO LA MUNDIALIZACIÓN: CRISIS Y GUERRA

    Directory of Open Access Journals (Sweden)

    Rémy Herrera

    2003-01-01

    Full Text Available La humanidad atraviesa hoy una crisis global extremadamente grave, sin duda, una de las más profundas de toda la historia. Crisis global quiere decir crisis del sistema mundial capitalista, sistema que se caracteriza por una asimetría puesta en obra por la acumulación del capital, entre la existencia de un mercado global integrado en todas sus dimensiones (con excepción del trabajo y la ausencia de un orden político único a escala mundial, que sería más que una pluralidad de instancias del Estado regidas por el Derecho internacional y la violencia de la relación de fuerzas. Esta crisis global se puede detectar prioritariamente en sus dimensiones: a económica, b política o político-militar y c ideológica.

  6. 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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

  8. Crisis global, económica, social y ambiental

    Directory of Open Access Journals (Sweden)

    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.

  9. Domesticating Social Justice Activism in the Global Era? The Process of Reconfiguring the Czech Social Justice Movement in Times of Crisis

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

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

    OpenAIRE

    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...

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

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    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.

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

    Science.gov (United States)

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

    Science.gov (United States)

    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.

  15. Impact of the global financial crisis on low birth weight in Portugal: a time-trend analysis.

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

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

    International Nuclear Information System (INIS)

    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

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

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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

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

    Energy Technology Data Exchange (ETDEWEB)

    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.

  1. Philosophical Aspects of Global Environmental Issues

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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.

  3. Human response to environmental change in the perspective of future, global climate

    Science.gov (United States)

    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.

  4. THE CURRENCY CRISIS TRIGGER OF THE ROMANIAN FINANCIAL CRISIS OF 2008

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    Radu SOVIANI

    2014-07-01

    Full Text Available This paper analyses the ways the financial crisis started to manifest into the Romanian Financial System, through the exchange rate channel. The focus of this Paper is on how the Romanian decision makers contributed in triggering the financial crisis (that would have been triggered anyway. The paper will determine the trigger (the first obvious event for the Romanian Financial Crisis (the debut and it will prove that the consequences of this trigger could have been anticipated - it is in line with similar triggers for the debut in other currency crises. Therefore, one of the main conclusions of this paper is that while a global crisis starts to manifest the local economy should limit the exuberance of the decision makers in order to smooth the effects of the crisis.

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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,…

  8. Psychology and Environmental Sustainability: A Call for Integration

    Science.gov (United States)

    Koger, Susan M.; Scott, Britain A.

    2007-01-01

    Environmental scientists warn that the health of the planet is rapidly deteriorating, and the primary cause of the crisis is human behavior. Psychology can contribute greatly to understanding and changing behaviors that negatively impact global ecosystems; however, environmental issues are not generally included in psychology curricula, and…

  9. Bajo la mundialización: crisis y guerra

    Directory of Open Access Journals (Sweden)

    Rémy Herrera

    2003-10-01

    Full Text Available La humanidad atraviesa hoy una crisis global extremadamente grave, sin duda, una de las más profundas de toda la historia. Crisis global quiere decir crisis del sistema mundial capitalista, sistema que se caracteriza por una asimetría puesta en obra por la acumulación del capital, entre la existencia de un mercado global integrado en todas sus dimensiones (con excepción del trabajo y la ausencia de un orden político único a escala mundial, que sería más que una pluralidad de instancias del Estado regidas por el Derecho internacional y la violencia de la relación de fuerzas. Esta crisis global se puede detectar prioritariamente en sus dimensiones: a económica, b política o político-militar y c ideológica.

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

    Directory of Open Access Journals (Sweden)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

  12. Implications of the global financial crisis for the response to diseases of poverty within overall health sector development: the case of tuberculosis.

    Science.gov (United States)

    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. Proactive Crisis Management (PCM) : Perceptions of crisis-awareness and crisis-readiness in organizations in relation with their actual strategic initiatives against industrial crises caused by human errors.

    OpenAIRE

    Humanson, Richard; Nordeman, Patrik

    2017-01-01

    Abstract Purpose: In a competitive and constituently changing global business environment, it is almost  impossible  for  organizations  to  avoid  crises  of  various  types  and  magnitude.  The objective of this study is to display relationships between perception of crisis awareness, crisis readiness and the organizations` actual crisis management initiatives against major industrial crises. This thesis also aims to clarify if the perception of crisis-awareness and crisis-readiness could ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  16. Fostering Pre-Service Teachers' Self-Determined Environmental Motivation through Green Chemistry Experiments

    Science.gov (United States)

    Karpudewan, Mageswary; Ismail, Zurida; Roth, Wolff-Michael

    2012-01-01

    The global environmental crisis intensifies particularly in developing nations. Environmental educators have begun to understand that changing the environmental impact requires not only changes in pro-environmental knowledge and attitudes but also in associated, self-determined motivation. This study was designed to test the hypothesis that a…

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

    OpenAIRE

    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 ...

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

    OpenAIRE

    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 ...

  19. Online Environmental Citizenship: Blogs, Green Marketing and consumer sentiment in the 21st Century

    OpenAIRE

    Luck, Edwina; Ginanti, Ayu

    2013-01-01

    Consumers’ environmental consciousness is widespread with public acceptance of the global environmental crisis causing shifts in the debates within the environmental movement. The last three decades have seen consumers’ environmental consciousness grow as the environment has become a mainstream issue encouraging individual, government and company rethinking. Our longitudinal, empirical research findings are innovative and contribute by exploring global green blog sites using a content analysi...

  20. Ramses 2010 - World crisis and global governance

    International Nuclear Information System (INIS)

    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.)

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

    Science.gov (United States)

    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…

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

    Science.gov (United States)

    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

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

    Czech Academy of Sciences Publication Activity Database

    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

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

    NARCIS (Netherlands)

    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

  5. Environmental Upgrading in Global Value Chains

    DEFF Research Database (Denmark)

    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....

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

  8. Development and progress: advancing towards environmental crisis

    International Nuclear Information System (INIS)

    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.

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

    OpenAIRE

    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...

  10. Peranan Environmental Accounting Terhadap Global Warming

    OpenAIRE

    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.  

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

    International Nuclear Information System (INIS)

    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)

  12. Regulating Finance After the Crisis

    DEFF Research Database (Denmark)

    Moschella, Manuela; Tsingou, Eleni

    2013-01-01

    It is now widely recognized that regulatory failures contributed to the onset of the global financial crisis. Redressing such failures has, thus, been a key policy priority in the post-crisis reform agenda at both the domestic and international levels. This special issue investigates the process ...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Energy Technology Data Exchange (ETDEWEB)

    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.

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

    OpenAIRE

    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 ...

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

    Directory of Open Access Journals (Sweden)

    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.

  17. Changes in cost system design and intensity of use in times of crisis: Evidence from Dutch local government

    NARCIS (Netherlands)

    Schoute, M.; Budding, G.T.

    2017-01-01

    Purpose: This study examines whether changes in environmental and funding uncertainty during the first three years after the outbreak of the global financial crisis (which we presume to have increased significantly) are associated with changes in cost system design and intensity of use.

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

    Science.gov (United States)

    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

  19. On the Formation of Philosophical Environmental Ethics : A Brief History of Environmental Ethics in the United States of America

    OpenAIRE

    Hatakenaka, Kazuo

    2005-01-01

    It is the aim of this paper to survey the history of philosophical environmental ethics in the United States of America. The backgrounds of the birth of environmental ethics are (a) traditional movement of environmental protection, (b) scientific research on ecosystem and ecology movements, and (c) warnings of global environmental crisis by natural scientists. Environmental ethics as philosophy was formed in the early 1970s against the background of these. From the mid-1980s to the present ti...

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  8. From oil crisis to climate crisis

    International Nuclear Information System (INIS)

    Langseth, Bjarne

    2000-01-01

    The oil crisis in the 1970s led to the shift from oil to hydro- and nuclear power. An almost similar shift might soon come as a ''climate crisis''. A climate crisis may imply a renaissance for hydropower and nuclear power and natural gas will be used on a large scale. In Europe, natural gas is currently considered environmentally friendly. Although there is at present growing opposition to nuclear power in Sweden and Germany, this attitude may change as the result of increased focus on the costs of the alternatives. A forced phase-out of nuclear power in Europe simultaneously with a climate crisis with reduced energy production from fossil fuels is likely to entail significantly increased prices of electricity. In Norway, 98% of the country's electric power production is based on hydro power, which means that much more heating can be based on electricity than in countries in which electricity is produced by combustion of fossil fuels. Much research is in progress to find technologies that will make it possible to shift from fossil fuel energy to energy from renewable sources like solar, water, wind, biomass and geothermal energy

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

    Directory of Open Access Journals (Sweden)

    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.

  10. The Postcolonial Artist and the Crisis-ridden ‘White’ Order of Europe, a moment of transformation?

    DEFF Research Database (Denmark)

    Jensen, Lars

    The postcolonial artist and the crisis-ridden ‘white’ order of Europe, a moment of transformation? This paper seeks to look at how contemporary global crises (financial, over population, and perhaps above them all in terms of its destructive potential, environmental) manifest themselves...... as the symbolic self-representation of the nation. Consequently, the artwork that seeks to speak beyond a post-imperial crisis in Europe comes from those whose identities are not trapped within such increasingly narrow configurations of identification. I wish to take this question to work on selected artistic...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    DEFF Research Database (Denmark)

    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...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    NARCIS (Netherlands)

    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

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

    Energy Technology Data Exchange (ETDEWEB)

    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.

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

    Science.gov (United States)

    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.

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

    International Nuclear Information System (INIS)

    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.

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

    Directory of Open Access Journals (Sweden)

    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

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

    OpenAIRE

    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 ...

  20. Basics of theory of ecological crisis management

    Directory of Open Access Journals (Sweden)

    Stajić Ljubomir

    2013-01-01

    Full Text Available Today, it is clear that environmental accidents and processes represent, not only potential but also real causes of crises on which states must be aware of. The formation of the ecological crisis is growing exponentially, along with their consequences. The problem with the environmental crisisis lies not in the fact that they exist, but how we treat them. Exploring the causes of the crisis requires an interdisciplinary approach. At the micro level, this approach focuses on the role of individuals. At the middle level of research, focus is on organizational factors and processes that may play important role in causing the crisis. Macro level of approach lists possible causes that seem to make the crisis more or less inevitable and unavoidable features of the modern world. The crisis is also characterized by negative effects (perturbations, deregulation, conflict, confused action, intense stress, which leads to reckless actions and positive effects (mobilization, solidarity, cooperation, improved adaptation to the environment, experiential learning. Furthermore, ecological crisis represents an emergency situation whose beginning and duration are not predetermined. Anti-crisis measures have failed mainly because of the numerous factors influencing on one hand, on a complexity of the crisis and, on the other hand, because of its continuously changing factors throughout the duration of the crisis. Managing ecological crisis occurs, therefore, as a permanently professional inventive and complicated process which aims to prevent the escalation of the crisis, as well as the elimination of the expected and actual negative consequences of the crisis. Mismanagement of such crisis drains system resources, interferes with its function and organization, impacts on the financial opportunities while achieving positive goals. Extreme mismanagement can lead to the entropy of the system itself. The purpose of this paper is to elaborate basic facts of managing

  1. Global Environmental Governance as a Regulatory and Guarantee Criterion for Environmental Justice

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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,…

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

    OpenAIRE

    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 ...

  4. Facing global environmental change. Environmental, human, energy, food, health and water security concepts

    Energy Technology Data Exchange (ETDEWEB)

    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.)

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

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

    Science.gov (United States)

    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.

  8. Nigeria; Publication of Financial Sector Assessment Program Documentation––Technical Note on Crisis Management and Crisis Preparedness Frameworks

    OpenAIRE

    International Monetary Fund

    2013-01-01

    The Nigerian financial system underwent a banking crisis in 2008–09, owing to the global financial crisis and domestic events. The decisive crisis response effectively stabilized the banking system, but the challenge now is to devise a credible exit strategy. The Central Bank of Nigeria (CBN) has a broad resolution toolkit, which was put to use during the crisis to resolve the intervened banks. The Nigerian authorities set up the Asset Management Corporation of Nigeria (AMCON) to purchase non...

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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?

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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 ...

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

    NARCIS (Netherlands)

    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

  15. La crisis financiera global y el Derecho del Trabajo

    Directory of Open Access Journals (Sweden)

    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

  16. The global financial crisis and Australian general practice.

    Science.gov (United States)

    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.

  17. The Welfare State as Crisis Manager: Explaining the Diversity of Policy Responses to Economic Crisis

    DEFF Research Database (Denmark)

    Starke, Peter; Kaasch, Alexandra; van Hooren, Franca

    Written during an ongoing period of global economic crisis, The Welfare State as a Crisis Manager examines the practice and potential of using social policy to cope with crises. Through an in-depth analysis of social policy reactions in the wake of international economic shocks in four different...... welfare states, over a 40-year period, the book reveals the ways in which expansion and retrenchment are shaped by domestic politics and existing welfare state institutions. Moreover, the study addresses the kind of policy change triggered by economic crisis. In contrast to conventional wisdom...... and previous scholarship, reactions tend to be characterised by incrementalism and 'crisis routines' rather than fundamental deviations from earlier policy patterns. For the first time, the study of domestic political dynamics following crisis is systematically embedded in the transnational policy debate...

  18. Global environmental change and sustainable development in Europe

    Energy Technology Data Exchange (ETDEWEB)

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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. Deprivation and Resistance: Environmental Crisis, Political Action, and Conflict Resolution in the Niger Delta since the 1980s

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  3. Study on fusion energy conformity with global environmental issues

    International Nuclear Information System (INIS)

    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)

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

    Directory of Open Access Journals (Sweden)

    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

  5. The necessity of nuclear power: a global human and environmental imperative

    International Nuclear Information System (INIS)

    Ritch, J.

    2008-01-01

    Humankind cannot conceivably achieve a global clean-energy revolution without a huge expansion of nuclear power to generate electricity; to produce battery power and possibly hydrogen for tomorrow's vehicles; to desalinate seawater in response to the worlds rapidly emerging fresh-water crisis. Factors for accelerating the nuclear renaissance are: comprehensive post-Kyoto agreement all major nations, with appropriate obligations, strong political and economic incentives and goal to achieve 60% cut in global emissions by 2050; harness UN system to one clean-energy vision nuclear power at centre of global strategy; national incentive policies not for subsidy but for acceleration; education policies public's better understanding of nuclear energy new generation of nuclear professionals

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

    International Nuclear Information System (INIS)

    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

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

    Science.gov (United States)

    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…

  8. [Collective health, territorial and environmental conflicts: bases for a critical socio-environmental approach].

    Science.gov (United States)

    Porto, Marcelo Firpo de Souza; da Rocha, Diogo Ferreira; Finamore, Renan

    2014-10-01

    The phenomenon of globalization and the increase in neo-extractivism in the global periphery intensify the search for new territories and natural resources for the economy, resulting in significant impacts on ecosystems and on the lives of vulnerable populations. It is considered that the environmental crisis imposes new challenges and requires an updating of the theoretical and methodological foundations of collective health and the social determinants of health. The scope of this paper is to present theoretical contributions to the construction of a critical socio-environmental approach from a review of the literature structured around previous work on the mapping of environmental conflicts, and conducting empirical studies in conflicting areas. The contributions of sociology, political ecology, postcolonial studies and geography is summarized for the discussion of the socio-environmental determinants of health, as well as experiences that integrate emancipatory knowledge, political subjects, resistances and alternatives for society.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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...

  11. Economic crisis and nursing in Spain.

    Science.gov (United States)

    Zabalegui, Adelaida; Cabrera, Esther

    2010-07-01

    The purpose of the present study is to describe the economic context in Spain and its impact on the health care sector and in nursing schools. The global economic crisis is affecting nursing in Spain. This study analyses and compares indicators related to health care and nursing schools among European countries. Some new strategies to cope with the challenges arising from the health care crisis are suggested. Health care costs are increasing as a result of the ageing of the Spanish population, immigration, chronicity of health problems and new medical technology. Nursing education has changed in 2010 from a 3-year diploma programme to a 4-year University degree in Nursing. This change requires new resources involving staff, facilities and equipment, all of which are lacking because of the economic crisis in Spain. The worldwide economic crisis has affected Spain more than it has other European Union (EU) countries. This global crisis has an impact on the health care sector as well on nursing schools. It is essential for nursing management to develop creative approaches to maintain cost effective patient care. New programmes and technology must be carefully evaluated in terms of cost effectiveness before being implemented. All health care professionals should be well informed and have a solid understanding of this situation.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

  14. Thailand: Post-Crisis Rebalancing

    OpenAIRE

    Chalongphob Sussangkarn; Deunden Nikomborirak

    2012-01-01

    Since the Asian financial crisis in 1997, Thailand has become highly dependent on exports as the main engine of economic growth. In 2008, the ratio of export to GDP was about 76.5 percent. The global economic crisis triggered by the sub-prime loans debacle in the United States has prompted Thailand to rethink its high dependence on export. This paper examines the options for external and internal economic rebalancing strategies for Thailand. External rebalancing will require Thailand to rely ...

  15. Environmental Engineering Curricula assessment in the global world

    Science.gov (United States)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    OpenAIRE

    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 ...

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

    OpenAIRE

    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...

  1. Eco-refugees: a crisis in the making.

    Science.gov (United States)

    Myers, N

    1994-01-01

    Environmental refugees are people who can no longer gain a secure livelihood in their homelands because of drought, soil erosion, desertification, and other environmental problems, aggravated by pressures of population and poverty. All have abandoned their homelands with little hope of returning, looking elsewhere even though it may be hazardous. This paper presents some key findings from a Climate Institute three-year research project into these refugees. One person in 200 worldwide is an environmental refugee. More than 30 countries in sub-Saharan Africa have generated more than 100,000 refugees each; of these, 15 countries have generated at least one million each or have a population where one person in ten is a refugee. While the population of environmental refugees is already enormous, their numbers may swell dramatically with the projected global warming of the planet and other environmental pressures. They have already shown the largest proportional increase among all refugees in recent years. Few countries, however, have mobilized the institutional structures and support resources needed to cope with the fast-gathering crisis. If we do not deal with the problem in the short term, it will only become more severe and costly in the long term.

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

    OpenAIRE

    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....

  3. Chronicity, crisis, and the 'end of AIDS'.

    Science.gov (United States)

    Sangaramoorthy, Thurka

    2018-01-11

    In biomedical, public health, and popular discourses, the 'end of AIDS' has emerged as a predominant way to understand the future of HIV research and prevention. This approach is predicated on structuring and responding to HIV in ways that underscore its presumed lifelong nature. In this article, I examine the phenomenon of HIV chronicity that undergirds the 'end of AIDS' discourse. In particular, I explore how the logic of HIV chronicity, induced by technological advances in treatment and global financial and political investments, intensifies long-term uncertainty and prolonged crisis. Focusing on over 10 years of anthropological and public health research in the United States, I argue that HIV chronicity, and subsequently, the 'end of AIDS' discourse, obscure the on-going HIV crisis in particular global communities, especially among marginalised and ageing populations who live in under-resourced areas. By tracing the 'end of AIDS' discourse in my field sites and in other global locations, I describe how HIV chronicity signals a continuing global crisis and persistent social precarity rather than a 'break' with a hopeless past or a promising future free from AIDS.

  4. 40 CFR 166.50 - Reporting and recordkeeping requirements for crisis exemption.

    Science.gov (United States)

    2010-07-01

    ... requirements for crisis exemption. 166.50 Section 166.50 Protection of Environment ENVIRONMENTAL PROTECTION... EMERGENCY CONDITIONS Crisis Exemptions § 166.50 Reporting and recordkeeping requirements for crisis... a crisis exemption must be immediately reported to the Agency. (b) Final reports. (1) A report...

  5. Global financial crisis making a V-shaped fluctuation in NO2 pollution over the Yangtze River Delta

    Science.gov (United States)

    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

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

    Directory of Open Access Journals (Sweden)

    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

  7. THE IMPACT OF CULTURE ON THE ECONOMIC CRISIS

    Directory of Open Access Journals (Sweden)

    CARINA-ELENA STEGĂROIU

    2016-06-01

    Full Text Available This premise of this paper is based on the concept of hedonistic culture, which contributes to financial fragility, damages assessment of future capacity (generating investment myopia and short-termism and enhances current opportunism. The paper aims to analyze economic culture as a factor of influence on the global economic crisis, considering the culture of modern capitalism that should be defined as a hedonistic culture, and this culture can contribute to global economic crises. According to the hypothesis of this article, the economic culture and not the individuals underlie economic decisions. Accordingly, the decisions that are taken in the economy, influenced by the dominant culture can have both a positive impact on the economy or a destructive one by generating or maintaining economic crises. The current economic culture authorizes extensive use of loans, including those for consumption, thus generating financial fragility and consequently economic crisis. Hedonistic culture leads operators to focus almost entirely on short-term consequences of his actions to the detriment of long-term outcomes. It is this connection plays an important role in explaining current global crisis resistance. Opportunism emphasized as part of the hedonistic culture also affects the generation and maintenance of the global crisis and unethical behavior by refusing to invest in strategic areas for the economy. This is particularly the widespread use of credit, including the consumer, in preference to short-term investments at the expense of long-term, low appreciation of the future and also a high and growing opportunism. The global crisis is the result of interdependence agents, burdened by debt, especially short-term constantly growing which is a high financial fragility, directed almost exclusively at short-term gains and tend to cheat in their mutual relations.

  8. An examination of contemporary financing practices and the global financial crisis on nonprofit multi-hospital health systems.

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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...

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

    Directory of Open Access Journals (Sweden)

    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

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

    NARCIS (Netherlands)

    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

  12. CRISIS ALIMENTARIA: NUEVO MEGA-NEGOCIO GLOBAL

    Directory of Open Access Journals (Sweden)

    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

  13. Attractor merging crisis in chaotic business cycles

    International Nuclear Information System (INIS)

    Chian, Abraham C.-L.; Borotto, Felix A.; Rempel, Erico L.; Rogers, Colin

    2005-01-01

    A numerical study is performed on a forced-oscillator model of nonlinear business cycles. An attractor merging crisis due to a global bifurcation is analyzed using the unstable periodic orbits and their associated stable and unstable manifolds. Characterization of crisis can improve our ability to forecast sudden major changes in economic systems

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

    OpenAIRE

    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...

  15. Carbon and environmental footprinting of global biofuel production

    OpenAIRE

    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...

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

    OpenAIRE

    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...

  17. Emerging Markets: Theory & Practice / Turkey’s Reforms Post 2001 Crisis

    Directory of Open Access Journals (Sweden)

    Duygu Uckun

    2010-01-01

    Full Text Available The global financial downturn of 2001 affected broad swaths of the increasingly interconnected global economy. The global effects of the economic downturn in the U.S. in 2008 showed that decoupling had not occurred to the extent many thought, and showed that indeed emerging market countries, including Turkey, were not immune from economic trouble in America. This paper addresses the question, whether the fiscal, financial, and regulatory reforms in Turkey after the 2001 economic crisis cushion the global financial crisis world is facing toward the end of the decade. In doing so we analyze the policies implemented by Turkey before and after the 2001 global economic crisis and identify the successes as well as failures of those reforms. The results of our research show that despite significant reforms in key economic and regulatory areas in the post-2001 crisis period, vulnerabilities remained; especially concerning the large current account deficit, volatility of exchange rates, increased private sector indebtedness, and persistent unemployment. These vulnerabilities will be visible in the deteriorating liquidity conditions in the global financial markets. We conclude by recommending infrastructure, education and health spending as well as restructuring of the economy to further attract FDI and avoid reliance on speculative foreign capital in order to achieve a more balanced and sustained growth in the long run.

  18. Environmental variation and population responses to global change

    NARCIS (Netherlands)

    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

  19. China's Environmental Crisis

    Directory of Open Access Journals (Sweden)

    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.

  20. Global diets link environmental sustainability and human health

    Science.gov (United States)

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

    NARCIS (Netherlands)

    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

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

    Science.gov (United States)

    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…

  3. Understanding students visions about environmental global problems. Experience and lessons learned of teaching in Lithuania.

    Science.gov (United States)

    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

  4. Role of social science in global environmental change: case of urbanisation

    CSIR Research Space (South Africa)

    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)...

  5. Causes and effects of Romania deepening financial crisis. Short term means

    OpenAIRE

    Tudor Florin

    2011-01-01

    Deepening and expanding financial crisis triggered in October 2008 in the U.S. and other countries is the event that has caused the utmost concern of the policy makers in the economy and society. Forecasts for Romania show a slowdown in economy. As the current global status indicates the likelihood of a major global economic crisis, we attempt through this study to identify the real causes of this deepening crisis in Romania. As well as public policy priorities to counteract the effects of th...

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

    OpenAIRE

    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...

  7. Green power and performance in global environmental governance

    OpenAIRE

    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 ...

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

    Directory of Open Access Journals (Sweden)

    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

  9. Policy Advice from Seneca and Machiavelli on the Greek Crisis

    Directory of Open Access Journals (Sweden)

    Tom Lynch

    2012-12-01

    Full Text Available Since 2008 economic crisis has dominated global economic policy discussions, no more so than in Greece. In Greece, the imposition of austerity policies has caused immense social and political upheaval. I suggest that policy thinking about the current Greek debt crisis requires a broader engagement with global civic virtue. Specifically, I present a case for revisiting the political thought of Seneca and Machiavelli. Both discuss the virtue of mercy and its role in good governance policy. I argue that policy solutions for the economic crisis facing Greece and Europe need to be informed by their thinking.

  10. FAIR VALUE ACCOUNTING CRISIS DEBATE – A REVIEW

    Directory of Open Access Journals (Sweden)

    FLORIAN MARCEL NUŢĂ

    2015-03-01

    Full Text Available The last decade characterized by financial crisis and global context changes put into discussion the fair-value accounting. Both the professionals and the academics debated even the role of the FVA in the crisis mechanism and its limitations regarding the business environment protection against the crisis effects. Our paper reviews the different opinions and doctrine trends discussing the future of FVA accounting, challenges to be tackled and proper improvements.

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

    OpenAIRE

    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...

  12. The variation in the health status of immigrants and Italians during the global crisis and the role of socioeconomic factors.

    Science.gov (United States)

    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

  13. The synergy of the refugee crisis and the financial crisis in Greece: Impact on mental health.

    Science.gov (United States)

    Anagnostopoulos, Dimitris C; Giannakopoulos, George; Christodoulou, Nikos G

    2017-06-01

    The current global financial crisis that started in 2008 resulted in a significant decline in global trade, slowing/reversing economic growth worldwide, and a dramatic increase in public sector debt. At the same time, the global migrant/refugee crisis has reached extreme rates, with millions of people being forced to abandon their homes and communities because of war, political violence or related threats. There is a broad consensus about the deleterious consequences of these crises on psychological well-being, depression, anxiety disorders, insomnia, alcohol abuse and suicidal behavior. Although the separate consequences of economic recession and immigration are extensively discussed in previous research, we know very little about the processes through which the intersection of economic crisis and migrant crisis contributes to the vulnerabilities of natives and migrants during these crises. Of particular concern is the status of children, adolescents and their families, who constitute one of the most vulnerable groups in society. To discuss the contexts that economic and migrant crises shape and suggest possible effects of this intersection on mental health risks, especially among children, adolescents and their families, through reflecting on the recent experience in Greece. Review of the literature and critical analysis of the effects of the confluent crises. The interactive effects of these two crises need further exploration. Novel and diverse models of psychological understanding need to be developed in order to manage the effects of the confluent crises. The role of mental health professionals is crucial in this respect, offering culturally flexible, accommodating and empathetic approaches, allowing healing and acceptance in the face of adversity.

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

    OpenAIRE

    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...

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

    OpenAIRE

    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 ...

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

    OpenAIRE

    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...

  17. 19th Annual conference ampersand exposition: Global strategies for environmental issues

    International Nuclear Information System (INIS)

    Anon.

    1994-01-01

    The 19th Annual conference and exposition on Global Strategies for Environmental Issues was held June 12-15, 1994 in New Orleans, Louisiana. This volume contains abstracts of the oral presentations. They are organized into the following sections: Environmental Management; Biodiversity/sustainable Development; Gulf Regional Issues; Environmental Ethics/Equity; NEPA Symposium; International Environmental Issues; Global Environmental Effects; and, Risk Assessment. Abstracts of poster sessions are also included

  18. Consumption, Ecological Footprints and Global Inequality: A Lesson in Individual and Structural Components of Environmental Problems

    Science.gov (United States)

    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…

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Directory of Open Access Journals (Sweden)

    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.

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

    Science.gov (United States)

    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

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

    OpenAIRE

    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...

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

    OpenAIRE

    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,...

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

    Directory of Open Access Journals (Sweden)

    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.

  6. Illiquidity and financial crisis

    NARCIS (Netherlands)

    A.M. Pacces (Alessio)

    2013-01-01

    textabstractThis article analyzes the determinants of liquidity crises based on the dynamics of banking and finance under Knightian uncertainty. In this perspective, the facts of the global financial crisis seem to confirm Minsky's hypothesis of endogenous financial instability derived from Keynes's

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

    Directory of Open Access Journals (Sweden)

    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.

  8. Measuring the Impact of Economic Crisis to the Greek Vehicle Market

    Directory of Open Access Journals (Sweden)

    Evanthia A. Nanaki

    2018-02-01

    Full Text Available The fallout of the global economic crisis has impacted Greece severely as the austerity measures that were implemented since 2009 have had a devastating effect on poverty and the level of living. The financial agreement of the Greek government with the International Monetary Fund (IMF gave rise to a deep recession phase in the Greek market that started in early 2008. The automobile industry is among the sectors that have been severely affected by the economic crisis. Given that the demand for cars fell sharply and that the Greek car market is facing serious problems, mapping and understanding them can provide useful input to the Greek vehicle market. Regression analysis is being employed, and the interrelations of different variables, such as net disposable income, unemployment rate, fuel prices, the Greek crisis, loans directed to the vehicle market, as well as the inflation rate for the period of 2000–2016, are investigated. Analyzing the factors affecting car sales can provide policy-makers with knowledge in order to take legislative and economic measures, so as to boost sales of new environmental friendly vehicles not only in Greece, but in all EU states.

  9. Can Global Warming Heat Up Environmental Education?

    Science.gov (United States)

    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…

  10. Putting Environmental Injustice on the Map: Ecotestimonies from the Global South

    Directory of Open Access Journals (Sweden)

    Erin S Finzer

    2015-01-01

    Full Text Available This introductory essay to STTCL 39.2 discusses the importance of testimony as a flexible literary genre that can tell the stories of environmental injustice in the Global South, which is disproportionately affected by environmental violence and less represented in the growing global environmental movement.

  11. Global environmental technologies in the future

    International Nuclear Information System (INIS)

    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)

  12. Education for Today's Ecological Crisis

    Science.gov (United States)

    Singer, S. Fred

    1970-01-01

    Describes the university's role in providing education for the ecological crisis, and divides environmental sciences into two major areas: basic and applied. Proposes a curriculum leading to a B.S. degree in physics consisting of a two-year honor physics program followed by specialization in environmental and planetary sciences (EPS). (PR)

  13. Does teaching crisis resource management skills improve resuscitation performance in pediatric residents?*.

    Science.gov (United States)

    Blackwood, Jaime; Duff, Jonathan P; Nettel-Aguirre, Alberto; Djogovic, Dennis; Joynt, Chloe

    2014-05-01

    The effect of teaching crisis resource management skills on the resuscitation performance of pediatric residents is unknown. The primary objective of this pilot study was to determine if teaching crisis resource management to residents leads to improved clinical and crisis resource management performance in simulated pediatric resuscitation scenarios. A prospective, randomized control pilot study. Simulation facility at tertiary pediatric hospital. Junior pediatric residents. Junior pediatric residents were randomized to 1 hour of crisis resource management instruction or no additional training. Time to predetermined resuscitation tasks was noted in simulated resuscitation scenarios immediately after intervention and again 3 months post intervention. Crisis resource management skills were evaluated using the Ottawa Global Rating Scale. Fifteen junior residents participated in the study, of which seven in the intervention group. The intervention crisis resource management group placed monitor leads 24.6 seconds earlier (p = 0.02), placed an IV 47.1 seconds sooner (p = 0.04), called for help 50.4 seconds faster (p = 0.03), and checked for a pulse after noticing a rhythm change 84.9 seconds quicker (p = 0.01). There was no statistically significant difference in time to initiation of cardiopulmonary resuscitation (p = 0.264). The intervention group had overall crisis resource management performance scores 1.15 points higher (Ottawa Global Rating Scale [out of 7]) (p = 0.02). Three months later, these differences between the groups persisted. A 1-hour crisis resource management teaching session improved time to critical initial steps of pediatric resuscitation and crisis resource management performance as measured by the Ottawa Global Rating Scale. The control group did not develop these crisis resource management skills over 3 months of standard training indicating that obtaining these skills requires specific education. Larger studies of crisis resource education are

  14. Environmental Policy of Serbia and Challenges of Accession to Europe

    Directory of Open Access Journals (Sweden)

    Darko Nadić

    2012-01-01

    Full Text Available This article analyzes the environmental policy of the Republic of Serbia within the context of accession conditions to the European Union. The main challenges of environmental integration of the environmental policies of Serbia are: economic challenges, the sustainable development challenge, administrative challenges, democratic deficiency challenges, and political challenges. These challenges, while flaws of the environmental policy in Serbia, are no different than the challenges faced by other Central Eastern European countries during the accession process. However, the influence of the global economic crisis, the constant political crisis and unclear definition of the political scene in Serbia, an incomplete vision of environmental education, as well as too much "green" marketing activities and a lack of true law implementation, are additional factors that make the process of environmental accession of Serbia to the EU even more difficult. Therefore, the harmonization of the Serbian environmental legal frame with the European one must be followed by the harmonization of actions of political institutions, social groups and individual citizens, and the overall democratization of society.

  15. IMPACT OF ECONOMIC CRISIS ON FDI

    Directory of Open Access Journals (Sweden)

    Elena V. CHIRILA DONCIU

    2014-04-01

    Full Text Available The economic crisis has had a severe impact on the economy worldwide. The investment activity has strongly felt the crisis and caused dramatic changes in the hierarchy of large investors. The financial system did not have availability for credits and funding from companies' own resources was extremely limited in terms of reducing profits. The purpose of the paper is the analysis of global foreign direct investment under the effect of the largest financial and economic crisis. The research results show a dramatic decline in foreign direct investments flows perceived and generated in 2009, and the fact that since 2010 there has been an easy comeback.

  16. World energy tendencies: social and environmental implications

    International Nuclear Information System (INIS)

    Pichs, Ramon

    2007-01-01

    The current world energy situation is the result of the combination of diverse economic, political, technological, social and environmental tendencies that conform a crisis panorama for the high price of the hydrocarbons and especially in the petroleum. Under the current conditions the necessity of a global energy restructuring is imposed that changes the current patterns of generation and energy consumption significantly

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

    Science.gov (United States)

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

    Directory of Open Access Journals (Sweden)

    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.

  19. The Issue of the Financial Regulations and the Crisis – Romanian Case

    Directory of Open Access Journals (Sweden)

    Isac BORS

    2011-11-01

    Full Text Available The harmful effects, on medium and long term, the financial crisis manifests on the economy, requires a deep analysis on the specific phenomena, aiming to the diminishing or even the eliminating of the unwanted effects. This way, an effective operation, asks for a correct diagnosis over the phenomena which implies the precise identification of the generating factors. In the end, action has to be taken on the identified factors generating financial crisis. The present work, makes an analysis of the real causes that lead to the financial crisis in Romania, considering the global context. It is this global context in which there have been identified some answers to the crisis problem.

  20. The role of crisis in family crisis intervention: do crisis experience and crisis change matter?

    NARCIS (Netherlands)

    Al, C.M.W.; Stams, G.J.J.M.; van der Laan, P.H.; Asscher, J.J.

    2011-01-01

    Evaluation studies of crisis intervention have focused on prevention of out-of-home placement of children or family functioning, but largely neglected the aspect of crisis. The present study examined crisis in 183 families receiving Family Crisis Intervention (FCI), addressing crisis characteristics

  1. Global environmental problems, voluntary action and government intervention

    NARCIS (Netherlands)

    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

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

  4. GLOBAL ECONOMIC CRISIS: A VIEW FROM SOUTH AFRICA

    Directory of Open Access Journals (Sweden)

    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.

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

    Energy Technology Data Exchange (ETDEWEB)

    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.

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

    Science.gov (United States)

    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.

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

    Energy Technology Data Exchange (ETDEWEB)

    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.)

  8. Impact of the global economic crisis on metal levels in particulate matter (PM) at an urban area in the Cantabria Region (Northern Spain)

    International Nuclear Information System (INIS)

    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).

  9. African Financial Sectors and the European Debt Crisis : Will Trouble Blow across the Sahara?

    OpenAIRE

    World Bank

    2012-01-01

    The exposure of African financial sectors to global risks, including the likely fall-out of the on-going European debt crisis, continues to be limited. African financial sectors have received much recognition for their steady growth performance and resilience during and after the 2008 global financial crisis. Many of the transmission channels for global risks and financial contagion to fin...

  10. SOCIO-ECONOMIC AND LEGAL ASPECTS OF ENVIRONMENTAL CRIME IN UKRAINE

    OpenAIRE

    Tamara Hubanova; Olena Yara; Maryna Deineha

    2017-01-01

    The increased danger of environmental crime is primarily determined by an increase in anthropogenic pressure on the natural environment, which, in the conditions of the global environmental crisis, threatens to cause significant, often non-renewable, damage to the vital interests of man, society, and the state. Ukraine belongs to the countries with the worst ecological situation. Pollution of the environment reached unprecedented levels in recent years. The purpose of the study is to reveal t...

  11. KRISIS KEUANGAN GLOBAL 2008-2009 DAN IMPLIKASINYA PADA PEREKONOMIAN INDONESIA

    Directory of Open Access Journals (Sweden)

    Iman Sugema

    2012-12-01

    Full Text Available The global financial crisis that occurred in 2008-2009 was the worst financial crisis in 80 years, even the economists in the world called it as the mother of all crises. The subprime mortgage crisis in the United States eventually manifested into a world-wide financial crisis. No single country is free from the effects, including Indonesia. This study aims to analyze the global financial crisis, the sources of the cause, the mechanisms of the crisis emergence, and to identify the implications of the crisis on financial sector and real sector, as well as employment and poverty. The results showed that the country has a relatively high poverty rate and unemployment rate than it should. If there is no crisis, the level of poverty alleviation and reduction of unemployment should be at a better rate. In addition, it was found that the impact of the global crisis relatively stronger to the rural households than to urban households. Therefore, because the rural labor market is much more flexible than that in urban areas, the impact of global crisis on rural unemployment rates is relatively weaker as well.

  12. Ecological advice for the global fisher crisis.

    Science.gov (United States)

    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?

  13. ¿Crisis alimentaria o la agudización de la iniquidad? La crisis sistémica de la aldea global

    Directory of Open Access Journals (Sweden)

    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.

  14. Danish Cartoon Crisis/Controversy

    DEFF Research Database (Denmark)

    Hervik, Peter

    2017-01-01

    The Danish Cartoon Crisis Controversy is one of several terms that refer to the turmoil that associates with the Danish newspaper Morgenavisen Jyllands-Posten’s publication of 12 cartoons on 30 September 2005. “The Muhammad Cartoon Crisis” is an alternative heading used for the violent global rea...

  15. Globalization Crises, Trade,and Development in Vietnam

    DEFF Research Database (Denmark)

    Abbott, Philip; Tarp, Finn

    Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises—the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global trade. Its success contradicts its characterizat......Vietnam has been among the most successful East Asian economies, especially in weathering the external shocks of recent globalization crises—the 1997-98 Asian financial crisis and the 2008-09 great recession, financial crisis and collapse of global trade. Its success contradicts its...... that dependence and bolster the domestic economy while continuing to restructure the economy toward greater emphasis on the private sector. Growth, employment and poverty alleviation have been maintained at the expense of renewed inflation, larger budget deficits, and currency depreciation. The ‘stop-go’ nature...

  16. East Asian perspective on global environmental problems

    International Nuclear Information System (INIS)

    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

  17. Internal Crisis Communication Strategies to Protect Trust Relationships

    DEFF Research Database (Denmark)

    Mazzei, Alessandra; Ravazzani, Silvia

    2015-01-01

    Crisis communication has emerged as a hot topic after the global financial crisis that started in the second half of 2008. A survey of 61 Italian companies examined internal crisis communication strategies and the characteristics of that communication in order to understand the role...... of communication in safeguarding relationships of trust with employees. The main results show that companies have used poorly internal communication as a strategic lever to develop employee commitment and have adopted a broadly defensive approach that may undermine their intangible assets. The study offers...

  18. IMPACT OF THE FINANCIAL CRISIS UPON EASTERN EUROPE COUNTRIES: STILL A PROBLEM FOR THE ECONOMY OF THE REGION?

    Directory of Open Access Journals (Sweden)

    MIHAELA-ANDREEA STROE

    2011-04-01

    Full Text Available The paper looks at the impact of the global economic and financial crisis on a number of central, eastern and south-eastern European countries. The global crisis can be viewed as three interdependent and mutually reinforcing crises: a financial crisis, a liquidity crisis, and a crisis in the real economy. The financial crises that have emerged and developed in the recent decades have been characterized, mostly of an international dimension, with shocks quickly propagating through capital markets, through the international banking activities and, through the money markets.East Europe was hit first by the global liquidity crisis, then by declines in capital inflows and plunging demand for their exports.Before the crisis, the Eastern region was experiencing an economic boom with rapid GDP and credit growth, but in the future East European countries will have to rely relatively more on internally-generated sources of productivity growth.

  19. Marine Socio-Environmental Covariates: queryable global layers of environmental and anthropogenic variables for marine ecosystem studies.

    Science.gov (United States)

    Yeager, Lauren A; Marchand, Philippe; Gill, David A; Baum, Julia K; McPherson, Jana M

    2017-07-01

    Biophysical conditions, including climate, environmental stress, and habitat availability, are key drivers of many ecological processes (e.g., community assembly and productivity) and associated ecosystem services (e.g., carbon sequestration and fishery production). Furthermore, anthropogenic impacts such as coastal development and fishing can have drastic effects on the structure and function of marine ecosystems. Scientists need to account for environmental variation and human impacts to accurately model, manage, and conserve marine ecosystems. Although there are many types of environmental data available from global remote sensing and open-source data products, some are inaccessible to potential end-users because they exist as global layers in high temporal and spatial resolutions which require considerable computational power to process. Additionally, coastal locations often suffer from missing data or data quality issues which limit the utility of some global marine products for coastal sites. Herein we present the Marine Socio-Environmental Covariates dataset for the global oceans, which consists of environmental and anthropogenic variables summarized in ecologically relevant ways. The dataset includes four sets of environmental variables related to biophysical conditions (net primary productivity models corrected for shallow-water reflectance, wave energy including sheltered-coastline corrections) and landscape context (coral reef and land cover within varying radii). We also present two sets of anthropogenic variables, human population density (within varying radii) and distance to large population center, which can serve as indicators of local human impacts. We have paired global, summarized layers available for download with an online data querying platform that allows users to extract data for specific point locations with finer control of summary statistics. In creating these global layers and online platform, we hope to make the data accessible to a

  20. Crisis Management in the Business: A Case Study on Turkish Footwear Manufacturing Industry Enterprises

    OpenAIRE

    Mehmet Karahan; Ömür Hakan Kuzu

    2011-01-01

    This study attempts to examine about crisis management in Turkish footwear industry enterprises. Business is affected by the crisis in different degrees. This situation is actually related to the skills of crisis management of the business faced with crisis. The feature and process of the crisis differs from each one. Therefore reaching a common conclusion about the causes and consequences of the crises is impossible. In addition, the crisis in the past and global crisis in the recent years r...

  1. FEATURES OF CRISIS MANAGEMENT IN ENTERPRISES

    Directory of Open Access Journals (Sweden)

    K. D. Busygin

    2014-01-01

    Full Text Available The article considers the value of preventive management in modern conditions. The global fi nancial and economic crisis of 2008-2010. sharpened interest in the problems of crisis management. This interest is manifested at the level of individual businesses, and at the level of the economy as a whole. At the same time revealed a signifi cant drawback: the development of crisis management theory lags behind practice. Non-compliance of the existing theory to modern requirements leads to the fact that the known approaches are not based on theoretical positions and empirical evidence and best practices, and, consequently, do not diff er systematically, because of this requires further research in this direction. The analysis shows that crisis management is a complex control system, which has its own specifi c features. Feature development solutions in crisis situations caused by the fact that they can only wear improving change with the obligatory account the limiting parameters of sustainable livelihoods enterprise (structure funds, personnel, activity profi le, the main products, and others.

  2. The Impact of 2008 Global Financial Crisis on the Performance of Selected Indonesian Stocks: A Preliminary Study

    Directory of Open Access Journals (Sweden)

    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.

  3. Environmental ethics - connections between the environmental protection movement and the churches

    International Nuclear Information System (INIS)

    Breuer, W.

    1986-01-01

    The crisis of the environment as a part of a much more comprehensive, deeper crisis of man in modern civilization - this, and the question for the causes of the crisis are the subjects of the book. Focal points of environmental ethics which are also points establishing a connection to the churches - brown coal open-pit mining in the Rhine-and-Ruhr district, the nuclear power plant site Pfaffenhofen, and road planning in the Rinnebach valley - continue the introductory part on 'Environment and christianity'. 'Perspectives of environmental ethics' draw up a conceptional framework to consider environmental ethics in the discussion about environmental politics. (HSCH) [de

  4. How Will Global Environmental Changes Affect the Growth of Alien Plants?

    Directory of Open Access Journals (Sweden)

    Jujie Jia

    2016-11-01

    Full Text Available Global environmental changes can create novel habitats, promoting the growth of alien plants that often exhibit broad environmental tolerance and high phenotypic plasticity. However, the mechanisms underlying these growth promotory effects are unknown at present. Here, we conducted a phylogenetically controlled meta-analysis using data from 111 published studies encompassing the responses of 129 alien plants to global warming, increased precipitation, N deposition, and CO2 enrichment. We compared the differences in the responses of alien plants to the four global environmental change factors across six categories of functional traits between woody and non-woody life forms as well as C3 and C4 photosynthetic pathways. Our results showed that all four global change factors promote alien plant growth. Warming had a more positive effect on C4 than C3 plants. Although the effects of the four factors on the functional traits of alien plants were variable, plant growth was mainly promoted via an increase in growth rate and size. Our data suggest that potential future global environmental changes could further facilitate alien plant growth.

  5. Capitalismo, crisis y naturaleza: Un análisis del acaparamiento de tierras dentro y desde el Sur Global

    OpenAIRE

    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...

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

    Directory of Open Access Journals (Sweden)

    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

  7. Improved data for integrated modeling of global environmental change

    Science.gov (United States)

    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

  8. Multiscale Drivers of Global Environmental Health

    Science.gov (United States)

    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

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

    Directory of Open Access Journals (Sweden)

    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.

  10. A strategy for global environmental education at the university

    International Nuclear Information System (INIS)

    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

  11. Financial Crisis and the Central Bank System

    Directory of Open Access Journals (Sweden)

    RICHARD POSPISIL

    2015-05-01

    Full Text Available The financial crisis that began in 2008 gradually developed into a global economic crisis and continues to this day. There is a lot of causes standing behind the creation, depth and process of the crisis, which is the deepest since the thirties of last centrury. One of the reasons can be found in the risky behavior of commercial banks, especially in the excessive lending of credits and mortgages. Its share on the financial crisis have central banks and their failure as the financial supervisory authority. But there is a lot of another causes of failures in the commercial banking system. And some of the causes lies outside the banking system and monetary policy. Its share of the blame has also become from state and its expenditure on the social policy.This article analyzes the role of the commercial banking system and the central banks on the financial crisis including prevention options and measures.

  12. FINANCIAL CRISIS AND THE CENTRAL BANK SYSTEM

    Directory of Open Access Journals (Sweden)

    Richard POSPISIL

    2015-07-01

    Full Text Available The financial crisis that began in 2008 gradually developed into a global economic crisis and continues to this day. There is a lot of causes standing behind the creation, depth and process of the crisis, which is the deepest since the thirties of last centrury. One of the reasons can be found in the risky behavior of commercial banks, especially in the excessive lending of credits and mortgages. Its share on the financial crisis have central banks and their failure as the financial supervisory authority. But there is a lot of another causes of failures in the commercial banking system. And some of the causes lies outside the banking system and monetary policy. Its share of the blame has also become from state and its expenditure on the social policy.This article analyzes the role of the commercial banking system and the central banks on the financial crisis including prevention options and measures.

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

    Science.gov (United States)

    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.

  14. The Dutch Crisis and Recovery Act: Economic Recovery and Legal Crisis?

    Directory of Open Access Journals (Sweden)

    J Verschuuren

    2010-12-01

    Full Text Available In the Netherlands, the 2010 Crisis and Recovery Act aims at speeding up decisionmaking on a wide variety of activities, hoping that after the financial and economic crisis has passed, development projects can immediately be carried out without any delay caused by legal procedures in court or elsewhere. The Act meets great criticism for many reasons: it allegedly curtails citizen's procedural rights because it focuses almost exclusively on environmental standards as "obstructing" standards that need to be removed, and it infringes international and European Union law. In this note, the legal critique on the Act is analysed. The conclusion is that the sense of urgency surrounding the design of legal measures to address the economic crisis enables the legislature to implement innovations and long-time pending amendments to existing legislation. Most issues have however not been fully or properly considered. Many legal questions will arise when implementing the Act, which will retard rather than expedite projects. It is difficult to predict whether the positive effects of the Crisis and Recovery Act would outweigh the negative aspects. Much depends on the manner in which the authorities will actually apply the Act. Should they implement the Act to its full potential, the effect of the Act in sum will be negative. In that case, the Act may help the economy to recover, but it will bring about a crisis in the legal system. It will, in all probability, also not contribute to sustainable development.

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

    Science.gov (United States)

    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.

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

    Science.gov (United States)

    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.

  17. El derecho constitucional y la crisis = Constitutional law and the crisis

    Directory of Open Access Journals (Sweden)

    Enrique Álvarez Conde

    2013-09-01

    Full Text Available La actual crisis económica, originada por una serie de sujetos activos con la pretensión de ocupar determinados espacios públicos, es una de las consecuencias de la llamada «globalización de la miseria». La misma esta poniendo en tela de juicio el modelo democrático de las democracias occidentales, produciendo una crisis institucional más grave aún que la propia crisis económica. Ello conduce a la necesidad imperiosa de proporcionar respuestas normativas adecuadas, que requieren la utilización de nuevas categorías dogmáticas. A este respecto, el Derecho constitucional, como Derecho común del ordenamiento jurídico y como Derecho principial, se encuentra en una posición prevalente para llevar a cabo, en colaboración con las demás disciplinas jurídicas, todo ese proceso de reconstrucción dogmática que ha de conducir, necesariamente, a una constitucionalización de lo privado. The current economic crisis, caused by a series of active subjects with the aim of occupying certain public spaces, is one of the consequences of the «globalization of poverty». It is putting into question the democratic model of Western democracies, causing a constitutional crisis even worse than the economic crisis itself. This leads to the imperative to provide appropriate policy responses, requiring the use of new categories dogmatic. In this regard, constitutional law, and common law legal system and as principial law, is prevalent in a position to carry out, in collaboration with other legal disciplines, all that dogmatic reconstruction process that must lead necessarily, a constitution for the private.

  18. Further explication of mega-crisis concept and feasible responses

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    Yen Victor Yew-Cho

    2017-01-01

    Full Text Available The contemporary world is in an era of mega-crises, caused by a host of physical, economic, political, social, and cultural factors. Through a step-by-step explication of the root concepts of problem, mess, and crisis, a mega-crisis is posited to be a set of interacting crises that are severe in impact, complex in nature, and global in fallout, with no seeming end in sight. Compared to a crisis, a mega-crisis is higher in severity and deeper in complexity. The paper argues for a stakeholder perspective in megacrisis response, as relying on the organizational standpoint is inadequate for reaching long-term resolutions.

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

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    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.

  20. Credible dialogue in BiH in a context of global crisis

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    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.

  1. STABILITY OF THE PARTICIPATION BANKING SECTOR AGAINST THE ECONOMIC CRISIS IN TURKEY

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    Metin Aktaş

    2013-01-01

    Full Text Available The purpose of this article is to analyze whether participating banking sector is more stable than conventional banking sector during the global economic crisis. The main point is that which banking system are financially less affected from the global economic crisis. For this anlysis, we have used trend analysis method for 2006-2011 on yearly basis. In this study, yearly financial ratios of conventional and participating banking sectors were utilized. Financial ratios can be sorted as profitability, liquidity, risknesss and asset quality ratios. Results of the study show that participating banking sector is more stable than conventional banking sector in terms of profitability, riskiness and liquidity during the analysis term which includes 2008 global economic crisis. In addition, both sectors are almost similiar and stable in terms of asset quality.

  2. A CRITICAL REVIEW ON THE EFFECT OF HOUSING INDUSTRY TO THE GLOBAL FINANCIAL CRISIS: THE CASE OF TURKEY

    Directory of Open Access Journals (Sweden)

    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.

  3. The energy crisis: some political considerations; La crisis energetica: algunas consideraciones politicas

    Energy Technology Data Exchange (ETDEWEB)

    Riechmann, J.

    2009-07-01

    Trends like global warming and peak oil (the end of the cheap fossil fuel age) embody an enormous potential of natural catastrophe and socio-economic upheaval. Are our affluent societies ready for the forthcoming conflicts around scarcity, when expansionist human systems collide with the biophysical limits of our finite planet? Unfortunately, we cannot exclude a revival of anti-humanist and anti-democratic political movements in XXIst century. With the global socio-ecological crisis as a background, it is worth considering the idea of Hitler as a forerunner. (Author) 34 refs.

  4. The present global financial and economic crisis and the oil crises of the 1970s. Opposite turning points in the development of economic growth, energy supply, and the role of nuclear power?

    International Nuclear Information System (INIS)

    Herrmann, Dieter

    2012-01-01

    After decades of extensive economic growth, the oil crises in the 1970s enforced the transition to intensive growth in a manner conserving resources, combined with a fundamental turnaround in the development of global energy supply and the role of nuclear power. Meanwhile, the world has changed considerably as a result of population growth, technical progress, and globalization - and it is in the throes of another crisis. The contribution shows, on the basis of empirical indicators, that higher commodity prices halted the period of intense growth already in late 2007. The following global financial and economic crisis can be interpreted plausibly as a return to extensive economic growth worldwide. This is likely to have far-reaching consequences for the future development of global energy supply and the role of nuclear power. (orig.)

  5. The Influence of “Business World” in Global Environmental Governance

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    Adriana Vinholi Rampazo

    2014-12-01

    Full Text Available Since Rio 92 there has been a constant growth in the participation of non-environmental and the private sector in environmental conferences promoted by United Nations (UN, and therefore in global environmental governance. Thus, norms, rules and procedures governing environmental protection around the world are eventually influenced by organizations like the World Bank, private banks and other private companies in various sectors. In this context, the objective of this study is to discuss the inclusion of environmental nongovernmental organizations and the private sector in global environmental governance in recent years. To this end, we developed a bibliographic and documentary study based on scientific articles, institutional and journalistic, and official documents. At the end of the work it was established that environmental nongovernmental organizations and the private sector, through lobbying, its power structure and the networks that form (business associations, are increasingly inserted in environmental discussions and thus end up to influence the decisions taken.

  6. The European Union's Role in the Development of Global Environmental Law

    DEFF Research Database (Denmark)

    Basse, Ellen Margrethe

    2017-01-01

    This article is focused on the role that the European Union (EU) is playing as a global actor when it is using its 'internal' regulatory power as well as its parallel market power 'externally' to strengthen and to fill out gaps in the global environmental law.......This article is focused on the role that the European Union (EU) is playing as a global actor when it is using its 'internal' regulatory power as well as its parallel market power 'externally' to strengthen and to fill out gaps in the global environmental law....

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

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    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.

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

    International Nuclear Information System (INIS)

    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. Crisis and Regional Integration

    DEFF Research Database (Denmark)

    Dosenrode, Søren

    , Tunisia, Egypt …. ), where the crisis referred to could be humanitarian, environmental, economic, political … Europe, too, has also according to mass media, been a victim of a crisis, the financial one. Could ‘crisis’ be a beginning of enhanced regional integration? This paper will try to look...... at the processes of regional integration in relation to ‘crisis’ in Africa and Europe. First, this paper will look at the concept of ‘crisis’, before it moves on to discuss ‘regional integration’ and the correlation between the two, emphasizing the approaches of neo-functionalism and federal theory....... This is the basis for two short case studies of African and European regional integration. The paper tentative answers to the question: will the crisis in Africa and Europe respectively further or block regional integration? With a ‘that depends’. But the use of Federalism theory and neo-functionalism is seen...

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

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    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.

  11. CONTAGION EFFECTS OF US FINANCIAL CRISIS ON INDONESIA

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    Anika Sedyaning Wikanti

    2011-09-01

    Full Text Available This research analyzes the contagion effects of the US financial markets on Indonesian fi-nancial markets during the 2008 global financial crisis. It specifically investigates whether the slump in the US stock prices directly produced a slump in Indonesian stock prices, or indirectly through the slump in regional stock prices. It also examines whether the slump spilled over into rupiah exchange rate. Using Vector Autoregression and Vector Error Correction Model, the paper finds direct contagion effect of the US financial crisis into Indonesian stock markets. It also finds both direct and indirect contagion effect of the US financial crisis into foreign exchange market.Keywords: Contagion, stock price, exchange rate, financial crisisJEL classification numbers: G12, G15

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

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    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.

  13. ¿Crisis internacional o crisis del capitalismo?.

    Directory of Open Access Journals (Sweden)

    Daniel Hawkins.

    2010-01-01

    Full Text Available The present global recession that sprung out of the US banking and Real Estate sectors in 2007 has its roots in the massive State and financial upheavals implemented in the face of the 1970s crisis of over accumulation. These transformations had as their objective the reneging of the Keynesian, tripartite model of regulation and its association with the ‘Welfare State’. As such, the post-1970 neo-liberal financial order can be best seen as a ‘class project’ to reassert the dominance of grand capital, especially financial capital, both in the political and economic fields. Examining the intricate links between the present crisis and the structural governance changes enacted over the past 30 years, principally in the United States, the fallacies of ultra-growth and the speculative model become obvious as do their class dimensions and impact. However, despite the seeming ideological death of neo-liberalism, on close inspection, the policies so far enacted by the Obama administration make no concerted move out of the past era of financial sector hegemony.

  14. Issues with choice architecture, environmental ethics, and globalization.

    Science.gov (United States)

    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.

  15. Tourist Industry Recovers from World Economic Crisis

    Directory of Open Access Journals (Sweden)

    Anca Gabriela Turtureanu

    2012-02-01

    Full Text Available Tourism has become an important economic engine onthe global point of view , but isextremely localized. Due to geographical distribution and nature of labor intensive activities intourism offers a wide range of employment opportunities for poor and vulnerable groups indeveloping countries, especially but not exclusively, in rural and remote areas. Tourism has sufferedalot during the global economic crisis, there was adecline of 4% of international tourist arrivals in2009, and revenues from international tourism fellby 6% by 2009. To a new report "Euro barometer"survey on the attitudes of Europeans towards tourism emphasized that the tourism industry has passedthe economic crisis confirmed by the indicators. Motivations of travel for 2011 have been totraditional tourist destinations (58%, while 28% wanted to discover new destinations.

  16. Global financial crisis and weak-form efficiency of Islamic sectoral stock markets: An MF-DFA analysis

    Science.gov (United States)

    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.

  17. Representación social de la crisis ambiental

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    Ubaldo Rodríguez de Avila

    2013-01-01

    Full Text Available Abstract The purpose of this research is to identify the content and the meaning of social representation of the increasing environmental crisis and to determine the ranges of knowledge, attitude and perception of plans, programs, projects and education in environmental education, in students of high school and higher education of Santa Marta city, Colombia. The methodological is based on the proposed epistemology of the complementarily, uniting the descriptive analysis with the theory of facets. 292 fellows participated. It was found that the representations in environmental crisis are related to illnesses and contamination, as common problems, related with environmental, human and climatic factors. Resumen El objetivo del trabajo que motivó este artículo de investigación consistió en identificar el contenido y el significado de la representación social de la crisis ambiental, así como determinar los rangos de conocimiento, actitud y percepción frente a planes, programas, proyectos y docentes en educación ambiental, por parte de estudiantes de educación media y superior de la ciudad de Santa Marta, Colombia. En el estudio participaron 292 sujetos y el abordaje metodológico se basó en la propuesta epistémica de la complementariedad, uniendo el análisis descriptivo y la teoría de facetas. Se encontró que las representaciones de crisis ambientales se relacionan con enfermedades y contaminación, como problemas comunes relacionados con factores ambientales, humanos y climáticos.

  18. Financial crisis and monetary policy

    NARCIS (Netherlands)

    Karatas, B.

    2014-01-01

    Written in the midst of the Global Financial Crisis, the goal of this dissertation is to investigate causes of financial crises in general in order to provide empirical evidence of the driving forces of various crises types. Specifically, this thesis analyses the most common types of financial

  19. Geographies of the financial crisis

    NARCIS (Netherlands)

    Aalbers, M.

    2009-01-01

    Real estate is, by definition, local as it is spatially fixed. Mortgage lending, however, has developed from a local to a national market and is increasingly a global market today. An understanding of the financial crisis is ultimately a spatialised understanding of the linkages between local and

  20. The effects of systemic crises when investors can be crisis ignorant

    NARCIS (Netherlands)

    H.J.W.G. Kole (Erik); C.G. Koedijk (Kees); M.J.C.M. Verbeek (Marno)

    2004-01-01

    textabstractSystemic crises can largely affect asset allocations due to the rapid deterioration of the risk-return trade-off. We investigate the effects of systemic crises, interpreted as global simultaneous shocks to financial markets, by introducing an investor adopting a crisis ignorant or crisis

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

    Science.gov (United States)

    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.

  2. The Role of Government in Restoring International Competitiveness: the Case of Crisis Management in the Baltic States Economies versus Poland Economies

    Directory of Open Access Journals (Sweden)

    Anna Matysek-Jędrych

    2014-03-01

    Full Text Available This paper focuses on the relationship between the government actions, global economic crisis, and competitiveness on a national and regional dimension. The Baltic States (i.e., Estonia, Latvia, and Lithuania have experienced one of the biggest Gross Domestic Product (GDP contractions during the Global Crisis so far. Meanwhile, Poland was the only country with a positive GDP growth in the European Union during the Global Crisis. Hence, identifying and assessing changes in the relative competitiveness, as a consequence of the economic downturn in both Baltic States and Poland, has sparked many interests.The main channel through which the crisis undermined competitiveness has been the macroeconomic situation. That is why employing single macroeconomic variables as proxies of competitiveness suggests a much stronger influence of the crisis on competitiveness in comparison to overall measures (e.g. Global Competitiveness Index. It may be generally concluded that a short-term crisis, even if severe, does not have a negative influence on international competitiveness as long as a proper anti-crisis policy is implemented and the country is small enough to react fast and adapt to new conditions in the global environment.

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

    OpenAIRE

    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...

  4. Annual report on global environmental monitoring - 1993

    International Nuclear Information System (INIS)

    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

  5. Cuba: The Next Unanticipated Anticipated Strategic Crisis?

    National Research Council Canada - National Science Library

    Gorrell, Tim

    2005-01-01

    ...; and the current Bush administration with the global war on terrorism (GWOT). Cuba, specifically post-Castro Cuba, could very well trigger the next unanticipated crisis even though the writing is on the...

  6. Global environmental security: Research and policy strategies for the 1990s

    International Nuclear Information System (INIS)

    Lazaro, M.A.; Wang, Hua.

    1992-01-01

    The subject of global environmental change is emerging as one of the most hotly debated international issues for the 1990s. In fact, our earth system has undergone a nature-induced gradual change in climate on both a temporal scale that spans over millions of years and a spatial scale ranging from regional to transcontinental. Pollutant emissions associated with population growth and industrial activities manifest the anthropogenic climatic forcing that has been superimposed on the background of natural climate fluctuations. Our incomplete understanding of the global impacts of environmental pollution on the earth systems (atmosphere, biosphere, hydrosphere, cryosphere, and lithosphere), however, make the prediction of the timing, magnitude, and patterns of future global change uncertain. This paper examines the science and policy background of global environmental change. The major scientific uncertainties and policy issues confronting decision makers are identified; and the scientific framework, as well as current national and international research programs aimed at resolving the scientific uncertainties, are discussed. A coherent, stable, and flexible policy is needed to provide a foundation for coordinated international-interagency programs of observation, research, analysis, and international negotiation toward a policy consensus concerning global environmental security. On the basis of what is currently known about global change, recommendations are presented on both near-term and long-term policy option decisions

  7. Global environmental security: Research and policy strategies for the 1990s

    Energy Technology Data Exchange (ETDEWEB)

    Lazaro, M.A.; Wang, Hua

    1992-09-01

    The subject of global environmental change is emerging as one of the most hotly debated international issues for the 1990s. In fact, our earth system has undergone a nature-induced gradual change in climate on both a temporal scale that spans over millions of years and a spatial scale ranging from regional to transcontinental. Pollutant emissions associated with population growth and industrial activities manifest the anthropogenic climatic forcing that has been superimposed on the background of natural climate fluctuations. Our incomplete understanding of the global impacts of environmental pollution on the earth systems (atmosphere, biosphere, hydrosphere, cryosphere, and lithosphere), however, make the prediction of the timing, magnitude, and patterns of future global change uncertain. This paper examines the science and policy background of global environmental change. The major scientific uncertainties and policy issues confronting decision makers are identified; and the scientific framework, as well as current national and international research programs aimed at resolving the scientific uncertainties, are discussed. A coherent, stable, and flexible policy is needed to provide a foundation for coordinated international-interagency programs of observation, research, analysis, and international negotiation toward a policy consensus concerning global environmental security. On the basis of what is currently known about global change, recommendations are presented on both near-term and long-term policy option decisions.

  8. Global environmental security: Research and policy strategies for the 1990s

    Energy Technology Data Exchange (ETDEWEB)

    Lazaro, M.A.; Wang, Hua.

    1992-01-01

    The subject of global environmental change is emerging as one of the most hotly debated international issues for the 1990s. In fact, our earth system has undergone a nature-induced gradual change in climate on both a temporal scale that spans over millions of years and a spatial scale ranging from regional to transcontinental. Pollutant emissions associated with population growth and industrial activities manifest the anthropogenic climatic forcing that has been superimposed on the background of natural climate fluctuations. Our incomplete understanding of the global impacts of environmental pollution on the earth systems (atmosphere, biosphere, hydrosphere, cryosphere, and lithosphere), however, make the prediction of the timing, magnitude, and patterns of future global change uncertain. This paper examines the science and policy background of global environmental change. The major scientific uncertainties and policy issues confronting decision makers are identified; and the scientific framework, as well as current national and international research programs aimed at resolving the scientific uncertainties, are discussed. A coherent, stable, and flexible policy is needed to provide a foundation for coordinated international-interagency programs of observation, research, analysis, and international negotiation toward a policy consensus concerning global environmental security. On the basis of what is currently known about global change, recommendations are presented on both near-term and long-term policy option decisions.

  9. Responsibility for the Ecological Crisis

    Science.gov (United States)

    Wright, Richard T.

    1970-01-01

    Critically analyzes the thesis of Christian responsibility for the ecological crisis and leads to its rejection. Present day environmental misuse results from greed, carelessness, and ignorance." Advocates ecological strategy of corrective action, with supplementary theological strategy" for church-influenced citizens. (AL)

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

    OpenAIRE

    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...

  11. Environmental policy: Meeting the challenge of global warming

    International Nuclear Information System (INIS)

    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

  12. The effect of the subprime crisis on the credit risk in global scale

    Science.gov (United States)

    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.

  13. The politics and policies of welfare chauvinism under the economic crisis

    DEFF Research Database (Denmark)

    Keskinen, Suvi; Norocel, Ov Cristian; Bak Jørgensen, Martin

    2016-01-01

    The ongoing economic crisis that emerged in the wake of the global recession in 2008, and was followed by the more recent crisis of the Eurozone, has introduced new themes and remoulded old ways of approaching the welfare state, immigration, national belonging and racism in Northern Europe...

  14. Media and the Economic Crisis of the EU: The ‘Culturalization’ of a Systemic Crisis and Bild-Zeitung’s Framing of Greece

    Directory of Open Access Journals (Sweden)

    Yiannis Mylonas

    2012-07-01

    Full Text Available This article critically studies the hegemonic discursive construction of the EU’s current (2012 economic crisis, as it is articulated by political and economic elites and by mass media. The study focuses on the political economy of the particular crisis and through the critical concept of reification, the study emphasizes the hegemonic naturalization of the economic crisis by the “free market” economistic ideology. The article problematizes the positioning of Greece as the “crisis epicentre” in Europe, understanding Greece as a scapegoat and as a laboratory where political strategies of capitalist restructuring of the EU are performed. Through the frame analysis of Bild-zeitung’s headlines on the coverage of crisis-struck Greece, the article discusses a the “culturalization” of the crisis and the diversion from a structural public debate on the global economic crisis b the disciplinary function of crisis’ publicity, related to social control and the production of new, neoliberal social subjectivities c the alienating effect of the culturalist crisis discourses to transnational publics, resulting to the misrecognition of the ideological and structural reasons of the given crisis, the misrecognition of the effects of the crisis and crisis-politics in people’s lives, the misrecognition of popular socio-political struggles in countries worse struck by crisis politics, and the eclipse of transnational solidarity and identification to the common issues that European people in particular are facing.

  15. DISRUPTING SHOCKS IN POSTWAR GLOBAL ECONOMIC EXPANSION

    Directory of Open Access Journals (Sweden)

    Dumitru FILIPEANU

    2016-06-01

    Full Text Available The coherence of the global economic system, created by its upswing in the first postwar decades, started to crumble in the ’70s. The destabilizing shocks affected the entire world, but in an uneven manner, in different geographical areas and at different times, being felt most acutely, with devastating economic and social effects, in Third World countries. Although the developed countries were affected as well, they always had means to combat or to diminish the adverse effects of the crises, leading to "gentler" consequences. This paper focuses on four main aspects in postwar global economic expansion, namely: the ’70s – the international monetary crisis and the oil shocks; the foreign debt crisis; the Latin American debt crisis, the Asian financial crises and the current global crisis.

  16. PARTICULARITIES OF MANAGEMENT'S FUNCTIONS IN ECONOMIC CRISIS CONDITIONS

    Directory of Open Access Journals (Sweden)

    Amalia Venera Todoruţ

    2009-05-01

    Full Text Available In this paper I have proposed to address/approach new dimensions of management in the economic crisis at the strategic and tactical levels, and in particular at the operational level. I have presented aspects/issues of the economic crisis in our country, by characterize the impact of crisis on the main sectors of national economy. Globalization, high flexibility, continuous improvement, tolerance for uncertainty is the general attributes of the new organizations that require a new managerial process. The organizational environments uncertain, turbulent, specific to economic crisis involve new accents of management instruments in order to achieve managerial effectiveness and efficiency and to this sense we scale new management by objective and management by exception. We also put emphasis on total quality management method and the need for change management by reengineering

  17. ECONOMIC CRISIS IMPACT ON COUNTY ALBA HOTEL INDUSTRY

    OpenAIRE

    MOISA Claudia Olimpia

    2012-01-01

    The present paper, dominated by the global economic crisis effects is and continues to be a critical time for global tourism industry and for Romanian too. This study tries to play on a particular case, Park Hotel, located in Alba Iulia, the impact of this phenomenon over tourist hotel services.

  18. L’Italia: una crisi nella crisi.(Italy: A Crisis within the Crisis

    Directory of Open Access Journals (Sweden)

    Carlo D'ippoliti

    2011-10-01

    Full Text Available The article synthesises the large and extending literature on the financial and economic crisis from a Post-Keynesian point of view. The authors take on the position that the international and internal real imbalances are serious and worrying, but yet they are not the cause of the crisis or of its tremendous dimension. The flawed and insufficient regulation of finance is the prime cause of the crisis, as well as it is one of the main hindrances to expansionary macroeconomic policies that may less painfully drive developed countries out of the crisis. It then examines the most recent developments in the euro-area, claiming that we are not facing a sovereign debt crisis but rather a speculative attack on the euro. Finally, the article considers specifically the situation of Italy, currently at the hearth of such an attack, and suggests that the country was already facing critical developments before the 2007/2008 crisis. Thus, the policy measures so far suggested to exit the current stressful situation, in so far as they ignore this fact, seriously run the risk of proving insufficient or altogether noxious.JEL: B50; E12; G01  

  19. International cooperation as a mechanism for the development of environmental management Theoretical approach to the Global Environmental Management Structure

    International Nuclear Information System (INIS)

    Miranda Morales, Paola Maria

    2011-01-01

    This work presents a theoretical study of a global environmental management structure. This structure can be made possible after a new Global Environmental Order (CID) is established. The new order should be supported by the international development politics. It also has to be funded in the understanding of the interaction dynamics: ecosystem- culture. The theoretical studies of this work on global environmental Management allowed identifying the main difficulties to be overcome by the CID in order to fulfill its role as a leading actor in the global environmental transformation. The first issue to be considered by the CID is related to the fact that the actual regulation and follow up politics are insufficient. A second difficulty has to do with the very few results obtained on guaranteeing fair exchange of information and technology between Northern and Southern countries.

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

    Directory of Open Access Journals (Sweden)

    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.

  1. Justicia global y seguridad humana en el contexto del cambio climático

    Directory of Open Access Journals (Sweden)

    Moreno Muñoz, Miguel

    2010-12-01

    Full Text Available The concept of global justice has inspired diverse reactions to market globalism. Although many of its challenges are still in force, they have acquired new meanings in the context of the economic, social and humanitarian crisis induced by the extreme phenomena associated with climate change. The constructs of democracy and justice, usually theorized in national contexts, may fail to function properly when applied to transnational contexts of problems, which can compromise the safety of individuals and communities (like those associated with climate change. A new frame, centred on the notion of human safety, is needed to consider crucial aspects in the relation between environmental crisis, unsustainable development and risk of authoritarian bias or violent conflict, with substantive implications for the concept of global justice and the democratic mechanisms of international governance.

    El concepto de justicia global ha permitido articular formas diversas de reacción al globalismo del mercado. Aunque muchos de sus desafíos siguen vigentes, han adquirido nuevos significados en el contexto de la crisis económica, social y humanitaria inducida por los fenómenos extremos asociados al cambio climático. Los conceptos de democracia y justicia, teorizados habitualmente en contextos nacionales, pueden ocasionar ciertas disfunciones cuando se aplican a contextos de problemas trans-nacionales que pueden comprometer la seguridad de individuos y comunidades, como son los asociados al cambio climático. Un enfoque centrado en la noción de seguridad humana obliga a considerar aspectos cruciales de la relación entre crisis ambiental, desarrollo no sostenible y riesgo de deriva autoritarista o conflicto violento, con implicaciones sustantivas para el concepto de justicia global y los mecanismos democráticos de gobernanza internacional.

  2. On the nuclear crisis in public relations and corporate strategies

    International Nuclear Information System (INIS)

    Fan Fei

    2012-01-01

    Perilous and crisis-prone, which caused by economic globalization and information technology, are the characteristics of this era. In the face of crisis, some enterprises make the 'crises' as a 'chance' ride, while some businesses are facing bankruptcy. Crisis public relations in the modern enterprise management is an important issue, but the nuclear industry, which had involved less. By learning from other industries' good theories and experience. Combined with characteristics of the nuclear industry itself, proposed nuclear power companies public relations crisis should follow the basic principles and specific methods of operation, the nuclear industry for the promotion of healthy, rapid and safe development plays an important role. (author)

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

    Directory of Open Access Journals (Sweden)

    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.

  4. Globalization, economy financing model crisis and the institutional re-structuration of the Brazilian electric power system; Globalizacao, crise do padrao de financiamento da economia e reestruturacao institucional do setor eletrico brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Maciel, Claudio Schuller

    1996-12-31

    This thesis discusses the crisis in the Brazilian economical financing model and the consequent re-structuration of the Brazilian electric power system, giving special emphasis to: global historical factors; the new economic order; and, the consequences of the financial crisis in the Brazilian electric power system. In addition, it suggests new strategies for the institutional reformulation of the Brazilian electric power system 226 refs., 13 tabs.

  5. Globalization, economy financing model crisis and the institutional re-structuration of the Brazilian electric power system; Globalizacao, crise do padrao de financiamento da economia e reestruturacao institucional do setor eletrico brasileiro

    Energy Technology Data Exchange (ETDEWEB)

    Maciel, Claudio Schuller

    1995-12-31

    This thesis discusses the crisis in the Brazilian economical financing model and the consequent re-structuration of the Brazilian electric power system, giving special emphasis to: global historical factors; the new economic order; and, the consequences of the financial crisis in the Brazilian electric power system. In addition, it suggests new strategies for the institutional reformulation of the Brazilian electric power system 226 refs., 13 tabs.

  6. SERVICING THE MARKET NICHE – A POSSIBLE SOLUTION FOR THE MAINTENANCE AND/OR SUCCESS OF THE FIRM ON THE MARKET IN THE CONTEXT OF THE GLOBAL ECONOMIC CRISIS

    OpenAIRE

    Doina I. POPESCU

    2013-01-01

    This work shows the importance of servicing the market niche by firms operating in the garment industry in the context of the world economic crisis. The paper presents the necessity of adapting companies’ strategies based on the main trends set out by the global economic crisis. Within this work is presented a study that aims to highlight the degree in which Romanian firms acting in the clothing industry service the market niche, their identification, the measure in which these firms’ managem...

  7. The rise and manifestation of globalism and its implications for science

    Directory of Open Access Journals (Sweden)

    E.J. van Niekerk

    1995-03-01

    Full Text Available The rise and manifestation of globalism and its implicationsfor science. The concept globalism refers to the interdependent and interconnected character of the contemporary world. One of the characteristics of the globalistic world order is that it is a threat unto itself This threat is manifested in numerous global crises such as the population explosion, the extensive developmental disparities between First and Third World countries, the energy crisis, atomic warfare and the environmental crisis. Humanity has brought these and other global crises upon itself by the advancement of the modern (Western industrial civilisation which emanated from the absolutised application of the natural scientific mode of thought. In order to defend the thesis that the phenomenon of globalisation has profound implications for scientific practice, it is necessary to present a historical overview of the rise of globalism and an interpretation of its current manifestation. From these aspects one can deduce the significant implications that this phenomenon has for scientific practice. General features of a more accountable mode of scientific thought are also presented. Finally, Temporality Agogics, a paradigm within the context o f History of Education, is discussed as an example o f such a more accountable mode of scientific practice.

  8. Global effects of local food-production crises: a virtual water perspective.

    Science.gov (United States)

    Tamea, Stefania; Laio, Francesco; Ridolfi, Luca

    2016-01-25

    By importing food and agricultural goods, countries cope with the heterogeneous global water distribution and often rely on water resources available abroad. The virtual displacement of the water used to produce such goods (known as virtual water) connects together, in a global water system, all countries participating to the international trade network. Local food-production crises, having social, economic or environmental origin, propagate in this network, modifying the virtual water trade and perturbing local and global food availability, quantified in terms of virtual water. We analyze here the possible effects of local crises by developing a new propagation model, parsimonious but grounded on data-based and statistically-verified assumptions, whose effectiveness is proved on the Argentinean crisis in 2008-09. The model serves as the basis to propose indicators of crisis impact and country vulnerability to external food-production crises, which highlight that countries with largest water resources have the highest impact on the international trade, and that not only water-scarce but also wealthy and globalized countries are among the most vulnerable to external crises. The temporal analysis reveals that global average vulnerability has increased over time and that stronger effects of crises are now found in countries with low food (and water) availability.

  9. ECONOMIC CRISIS IMPACT ON COUNTY ALBA HOTEL INDUSTRY

    Directory of Open Access Journals (Sweden)

    MOISA Claudia Olimpia

    2012-12-01

    Full Text Available The present paper, dominated by the global economic crisis effects is and continues to be a critical time for global tourism industry and for Romanian too. This study tries to play on a particular case, Park Hotel, located in Alba Iulia, the impact of this phenomenon over tourist hotel services.

  10. Child and Family Policies in a Time of Economic Crisis

    Science.gov (United States)

    Richardson, Dominic

    2010-01-01

    At the beginning of 2008, a number of the world's major economies began to experience the effects of the biggest economic financial crisis in history. By the end of that year, the financial crisis was a global recession, and governments responded with changes to a suite of social and economic policies. Two broad stages of government response are…

  11. Genetic and Environmental Influences on Global Family Conflict

    Science.gov (United States)

    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

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

    African Journals Online (AJOL)

    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.

  13. Reel ve Finansal Göstergeler Açısından 1929 Ekonomik Buhranı ve 2008 Küresel Krizi: Karşılaştırmalı Bir Analiz(1929 Economic Depression and 2008 Global Crisis in Terms of Real and Financial Indicators: A Comparative Analysis

    Directory of Open Access Journals (Sweden)

    Nihat IŞIK

    2012-01-01

    Full Text Available There have been lots of debates about differences and similarities between 1929 depression that had deep impacts on the world economy; and 2008 global crisis known as the deepest crisis since 1929; in terms of their occurrence reasons and progress trends. One of those similarities is about the crises global dimension. For instance, both of the crises formed in the United States (US economy first and spread fast and afterwards affected the European and other economies. Other similarity is, both of the crisis started at finance sector firstly and expanded to real sector because of interdependence among countries. Normally effects of both crisis caused huge shrinkages in growth rates and huge increases in unemployment rates. Some of the differences are; nowadays there is much more knowledge and experience compared to past years to overcome economic crises, differences among external trade policies following the crisis and common behaviors of countries etc. This study aims to present the effects of 1929 Depression and 2008 Global Crisis on real and financial sector comparatively.

  14. Impending Doom: The Loss of Diversification before a Crisis

    Directory of Open Access Journals (Sweden)

    Libin Yang

    2017-11-01

    Full Text Available We present four methods of assessing the diversification potential within a stock market, and two of these are based on principal component analysis. They were applied to the Australian stock exchange for the years 2000 to 2014 and all show a consistent picture. The potential for diversification declined almost monotonically in the three years prior to the 2008 financial crisis, leaving investors poorly diversified at the onset of the Global Financial Crisis. On one of the four measures, the diversification potential declined even further in the 2011 European debt crisis and the American credit downgrade.

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

    Directory of Open Access Journals (Sweden)

    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.

  16. The BIS and the Latin American debt crisis of the 1980s

    OpenAIRE

    Piet Clement; Ivo Maes

    2013-01-01

    The Latin American debt crisis, which broke out in August 1982, was the first global financial crisis in the postwar period. While the crisis started in the "periphery", it constituted a threat to the "core" of the world economy, as the banking system was under severe pressure. Alongside the IMF, the BIS played an important role in coordinating the international response to the crisis. Moreover, a lot of work at the BIS in the second half of the 1970s had aimed at restraining the debt build-u...

  17. The Economic Crisis and its Effects on SMEs

    Directory of Open Access Journals (Sweden)

    Roxana Gabriela Hodorogel

    2009-05-01

    Full Text Available Romania has ended a high growth cycle. The world economic crisis is worsening with every passing day and Romania increasingly feels the effects of this economic downturn. The sector of small and medium enterprises (SMEs is the most dynamic in the Romanian economy, but it will also be one of the first to be hit by the global financial crisis the ripples of which have reached Romania as well. SMEs are now considered the most sensitive sector and worst affected by the economic climate. The economic crisis has prompted the member states of the European Union, too, to adopt packages of measures to counteract the effect of the crisis. Here below I will exemplify with the cases of Romania, the Italian Republic, the Federal Republic of Germany, the Slovak Republic and the Republic of Hungary.

  18. Post-crisis financial intermediation

    Directory of Open Access Journals (Sweden)

    Ilie MIHAI

    2015-09-01

    Full Text Available The recent financial crisis that begun in 2007 in the US, which then swept around the world, has left deep scars on the already wrinkled face of the global economy. Some national and regional economies, which had money for expensive makeup, or created money[1], managed to blur or hide the scars left by the crisis, others are still facing difficulties in overcoming the effects of this. The rapacity of banks, their greed and risk ignorance, were the origin of the outbreak of the last major economic and financial crisis but unfortunately those who were responsible or, rather, irresponsible, paid little or nothing at all for the burden of their bad loan portfolio. This cost has been supported by the population, either directly by paying high interest and fees [Mihai I., 2007], or indirectly, through the use of public budgets to cover the losses of banks, most of which had private capital. In this context, we intend to examine the state of financial intermediation in Romania in the post-crisis period, and to primarily follow: (i The structure and evolution of the banking system; (ii Non-government credit situation; (iii The level of savings; (iiii Loan-deposit ratio; (v The degree of financial intermediation and disintegration phenomenon etc., and to articulate some conclusions and suggestions on the matters that have been explored.

  19. The effects of the global economic crisis on Macedonian economy: Some macroeconomic indicators and future policy recommendations

    Directory of Open Access Journals (Sweden)

    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.

  20. Farming Systems of the African Savanna: A Continent in Crisis ...

    International Development Research Centre (IDRC) Digital Library (Canada)

    Farmers in the parts of Africa where population growth is near, or has exceeded, the carrying capacity of the land at current technological levels face a serious crisis. This crisis is the result of the breakdown of traditional farming systems. The consequences are environmental deterioration on a massive scale, widespread ...