Henry Ernesto Turner Barragán; Ángel Licona Michel
The article analyzes the dynamics held by the Chinese economy becomes, since it happened to be a communist to a capitalist economy and social market economy. Being in the latter, in which the country achieved high rates of economic growth, and improve their competitiveness pillars, generating higher growth prospects in the economy and the income of the society.
Henry Ernesto Turner Barragán
Full Text Available The article analyzes the dynamics held by the Chinese economy becomes, since it happened to be a communist to a capitalist economy and social market economy. Being in the latter, in which the country achieved high rates of economic growth, and improve their competitiveness pillars, generating higher growth prospects in the economy and the income of the society.
De Wever, A
After the definition of the economy and its different types, we have to stress the political economy which integrates pure economy and society. The economical science will gradually introduce the health economy of which the definition urges to seek for a better distribution between public and private means to do more and better for the public health. The market economy is different from the state economy. She is principally conducted by the supply and demand law. The consumer's behaviour in a competitive market has some characteristics which favour the balance of this market. The healthcare market put also a health supply and demand forward but not with the same values. The needs, the supply, the consumption and the consumer's behaviour are different in this particular market which quickly evolves and progressively goes closer to the market economy. Is the healthcare an economical good or duty? The choices' criteria and the priorities are changeable. The role of the valuation studies in health economy is to try to clarify them and to favour a better use of the limited resources to the unlimited needs.
Full Text Available It is now more than twenty years since the collapse of the Soviet Union and the beginning of transition to a market economy. The non-market, ‘planned’ economic system of the old order had its own specific mode of functioning, which over time had a profound impact on the structure of the economy. The article explores the extent to which the far-reaching economic transformation undertaken in post-communist Russia since the end of 1991 has overcome the legacies of the Soviet system. Has the socialist economic order that existed for over sixty years disappeared entirely, or are there still survivals and legacies that shape and influence, at least in part, the present-day Russian economy? These issues are examined by focussing on one particular sector that played a dominant role in the USSR, namely the defence industry and the military economy more generally. It is concluded that there are indeed significant survivals and legacies of the socialist past: market transformation is still incomplete.
Guo, Shibao; Guo, Yan; Beckett, Gulbahar; Li, Qing; Guo, Linyuan
Fuelled by forces of globalisation, China has gradually shifted from a centrally planned economy to the "socialist market economy". This study examines changes in Chinese education under globalisation and market economy, focusing on the teaching and living conditions of teachers. The study reveals that the profound transformation of…
Igor' Il'ich Pichurin
Full Text Available This paper attempts to prove that the socialist economy was extremely effective as long as it was skillfully managed. Even along with a really occurred period of less effectiveness between 1975 and 1985, it did not yield growth rates of the developed countries. Gorbachev's reforms led to a distortion of the essence of the Soviet economy. It ceased to be socialist, and there was a crisis.The provisionof all necessary goods was deteriorating day by day and, of course, it caused irritation. And because people did not realize that this deterioration is precisely due to the refusal of the socialist methods of economic management, they attributed all the troubles of shortcomings of the socialist system over capitalism. All the more, such an unfair comparison in favor of the capitalist countries constantly sounded in all media. So, the current politicians claim to have received a credit of trust for nothing but dismantling of the socialist economy. The collapse of the soviet economy occurred in the Soviet Union under the leadership of its president, who simultaneously was the General Secretary of the Central Committee of the Communist Party of the Soviet Union.
Drawing on ethnographic data collected over 13 months of fieldwork in family doctor clinics in Havana from 2004 to 2005, I examine the shifting moral and material economies of Cuban socialist medical practice. In both official ideology and in daily practice, the moral economy of ideal socialist medicine is based on an ethos of reciprocal social exchange-that is, the gift-that informs not only doctors' relationships with the Cuban state and with individual patients but also the state's policies of international medical service to developing nations. The social and economic upheavals after the fall of t Soviet Union, however, have compelled both the state and individual doctors to operate in a new local and global economy. The gift remains the central metaphor of Cuban medical practice. Nonetheless, as ideologies and practices of gifting and reciprocity encounter an emerging market economy, gifts--whether on the level of the state policies of international humanism or in patient-doctor relations--are open to new significations that highlight the shifting material and moral economies of post-Soviet Cuba.
Sukkel, W.; Hommes, M.
In their pursuit of growth and professionalisation, the Dutch organic sector focuses primarily on market development. But how do you stimulate the market for organic foods? This is the subject of many research projects concerning market, consumer preferences and the supply chain. These projects
Full Text Available The wine, a very complex product in viticulture, has proved its tremendous importance not only to the individual but rational nutrition and increasing national income of a country cultivators (evidenced by the upward trend of the share of crop production horticulture and viticulture in the global economy agricultural. More interesting is, given the continued growth in the number of scientific publications and their quality (at least since the 1980s - where "wine" is the centerpiece of these studies - we can not but be witnessing a growing interest more to this "potion" and found that the growing popularity of wine in the science reveals the emergence of a new academic field, ie "wine economy" (or wine-economy. This study aims to make a foray into "wine economy" and to outline some of the implications of marketing in this area.
Full Text Available Entrepreneurial orientation provoked the interest of numerous scholars as well as political and administrative decision-makers. Both start-ups and already established corporate entities are increasingly persecuting new opportunities, products, and business models in order to establish superiority above their competitive environment. The tendencies evince an optimist impact of entrepreneurial orientation on business performance, namely on financial performance. Beyond the aforementioned relationship, there are impulses such as environmental and organizational factors, which are affecting the businesses. The results of this study provide evidence of the effect of entrepreneurial orientation on business performance in a post-socialist context. We test the impact of three moderators on this bivariate relationship. In contrast to the substantial body of literature for Western markets, we contribute to minimizing the considerable gap of research in post-socialist economies. Entrepreneurial orientation as an organizational behavior may affect the financial performance of businesses differently in distinct market contexts. Both, internal and external factors are crucial to identifying, analyze and monitor, to achieve superior performance and to overcome competitors. This study builds upon a stratified sampling survey of Hungarian company owners and managers from the Amadeus database. The study uses a deductive approach. For the analysis, we rely on structural equation modeling using the PLS algorithm. Our study contributes to the existing literature by means of confirming the entrepreneurial orientation to firm performance relationship for Hungary. In this context, we test the moderating effects of environmental dynamism, environmental hostility as environmental factors and firm age as an organizational factor. Environmental hostility is closely related to an unfavorable environment, deriving from rapid and radical changes in the industry, which are
Full Text Available Starting from the concept of the “social life of things” proposed by Arjun Appadurai, the paper considers the “journey” of clothing items from production, through distribution to consumption in post-war Yugoslavia. Even though the rationing of clothing and footwear was caused by the destruction of war and subsequent insufficient production of these items due to the official favoring of heavy industry, the major part of consumers’ frustration was the result of structural characteristics of the command economy. Through comparison with the literature on the economy of scarcity in other socialist countries, we will strive to uncover the anomalies of the production and distribution systems, contradictions between the proclaimed ideological goals and everyday practices, the (nonhidden discontent of the citizens caused by the constant search for clothes that fit, as well as the importance of social bonds for the process of purchasing. The sources of data on bureaucratic planning and specific imbalances built into the system will be news articles and caricatures.
A market driven economy has many effects on population growth. The laws of social production were explicated by Marx and Engels, and Comrade Deng Xiaoping presents his views on China's socialist market economy and population problems in this article. Modern market economies have changed greatly over time. Before the 1960s, the focus of the interaction between population and economic change was in macro control. Since the 1960s, the focus shifted to micro control. Theories on maximum growth and neomodern population theory provide only a few useful elements. Cost-benefit analysis of child production functions, despite limitations, has universal appeal. Western theories with sound scientific evidence and Marxist theories should be examined and integrated within the Chinese experience. Two areas of concern in China are the spatial imbalance between population and economic development and an appropriate time period for any research activity. Scientific research in China will be advanced by careful integration of theory and practice, careful study of the Chinese experience, in-depth analysis, and bold, practical approaches which incorporate existing research results from the West. There are three dominant views of economic reforms. 1) Economic development plans should include a market economy. 2) Chinese population control would depend upon administrative means rather than market forces. 3) There are indirect ways in which the market affects population production. The last position is favored. The conclusions are made that family planning has been and continues to be a driving force in declining birth rates and that a focus on government population control does not discount the importance of the influence of economic factors on changes in the birth rate. Market forces are beginning to show their impact on people's choice in reproduction, and the impact is increasing. Reforms must be made appropriate to both the position and the negative influence of the market economy on
A review of the significance of the intellectual tool of the technology complex for an understanding of the role of innovation in the market economy. The framing of the market economy is understood as the way that institutions of finance, education and intellectual property are reformed to aid th...
Nee, Victor; Opper, Sonja
This research applies a transaction-focused institutional analysis to compare the value of political capital in different institutional domains of China's market economy. Our results show that the value of political capital is associated with institutional domains of the economy in which agents can use political connections to secure advantages.…
In the new economy the basic characteristics of services determine service consumption, just as customer relationship management impacts on the approach to services marketing. Contemporary service customers perceive service quality in service encounters and in ongoing relationships as well. The perception of service quality may be presented as a basic model of perception, known in service marketing reference sources as The Perceived Service Quality Model. Service marketers and marketing manag...
Dalgaard, Carl-Johan Lars; Olsson, Ola
at the expense of other groups in society. If the gains from specialization become su¢ ciently large, however, a market economy will emerge. From being essentially noncooperative under self-sufficiency, the political decision making process becomes cooperative in the market economy, as the welfare of individuals......The present paper documents that political stability is positively associated with the extent of domestic trade. In explaining this regularity, we provide a model where political cohesion is linked to the emergence of a fully functioning market economy. Without market exchange, the welfare...... of inherently selfish individuals will be mutually independent. As a result, political negotiations, echoing the preferences of the citizens of society, will be dog-eat-dog in nature. Whoever has greater bargaining power will be willing to make decisions that enhance the productivity of his supporters...
Klarskov Jeppesen, Kim; Møller, Ulrik Gorm
indicates that asset stripping may take place in mature market economies to the extent that perpetrators are able to circumvent the corporate governance system by giving lawyers, public accountants and banks incentives to act less critically towards dubious business transactions. Research limitations...... is to analyse why the asset-stripping schemes occurred in a mature market economy with a strong corporate governance system and a low level of corruption. Design/methodology/approach – The research is conducted as a longitudinal single case study based on documentary research. Findings – The Danish case...
Akkermans, Dirk; Castaldi, Carolina; Los, Bart
In Varieties of Capitalism: The Institutional Foundations of Comparative Advantage, Peter A. Hall and David Soskice (H&S) argue that technological specialization patterns are largely determined by the prevailing "variety of capitalism". They hypothesize that "liberal market economies" (LMEs)
Ievdokymov Viktor V.
Full Text Available The article is concerned with studying the impact of military conflicts on the national economies. The study is aimed at assessing sensitivity of the key macroeconomic indicators (GDP, share of military spending in the GDP, and unemployment rate to the military actions, which evolved on the territory of the former USSR countries (Azerbaijan, Georgia, Moldova, Russia, Tajikistan until 2013. According to the results of generalization of publications on this topic three states of the national economy in relation to military conflicts were allocated: the peace-time economy, the war economy, the post-conflict economy. A reduced financing for the defense sector and rising unemployment in the first post-war years, as well as a gradual increase in the GDP on completion of the military actions in the countries under consideration, have been identified. Some attention was paid to the macroeconomic situation and the State policy in the sphere of national security and defense of Ukraine prior to 2014.
This paper dicusses on the issue of the development of China s market economy from six aspects. (1) Basic Content and Conclusions on the development of China s market economy. (2) Further progress in building market-oriented economy in China. (3) Assessment of the degree of market economy development in China. (4) New progress in 2004 in developing market economy in China. (5) A general analysis of twelve key questions concerning market economy. (6) Resolution of the non-market economy issue:...
... International Trade Administration 19 CFR Part 351 RIN 0625-XC001 Use of Market Economy Input Prices in Nonmarket Economy Proceedings AGENCY: Import Administration, International Trade Administration, Department... its regulation which states that the Department normally will use the price that a nonmarket economy...
Schlösser, Hans Jürgen; Schuhen, Michael; Schürkmann, Susanne
Germany's economic order is labelled "Social Market Economy" in order to indicate that the economic system has both an economic and a social dimension. Its purpose is to reconcile efficiency goals and social responsibility. The concept of the Social Market Economy is based on central values such as freedom or justice. Under the label…
In the research on 'Corruption: Threat to Democracy and Market Economy', the researchers critically explore the issue of corruption and how it threatens the democracy and market economy in Nigeria. Relevant literature was revised, which formed the secondary data. The theoretical framework of the study is political ...
Perotti, E.C.; van Oijen, P.H.
This paper investigates whether privatisation in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatisation programme represents a major political test which gradually resolves uncertainty
Kuznetsov, Nikolai; Usenko, Lyudmila; Ivanova, Olga; Kostoglodova, Elena
Purpose: The purpose of this paper is to evaluate and determine the effectiveness of university education on the economy of various countries. Design/methodology/approach: To determine the necessity and expedience of making provision for the effectiveness of university education on the market economy, this work uses the method of regression and…
Valdmanis, Vivian G
Data envelopment analysis (DEA) techniques have been applied to the assessing efficiency and productivity among individual hospitals. In this article, we employ DEA to address whether economies of scale exist among hospital markets by first assessing individual hospitals operating in 2005 in the State of Florida and then by comparing hospital markets' efficiency relative to each other. The interest in hospital markets stems from issues relating to mergers among hospitals or the reallocation of services (inputs) among hospitals in a market area, particularly as occupancy rates and reimbursements are tending to fall. Facing more competition and stringent financial conditions, hospitals would benefit from decreasing costs by exploiting economies of scale.
Full Text Available This paper provides an empirical analysis of the business regulatory factors that influence investment in a selection of 29 emerging market economies. Both theoretical and empirical literature on the effect of the regulatory environment on investment is reviewed. A panel data analysis over the period 2003–2007 reveals that investment is influenced by secure property rights and the degree of business entry regulation. The results carry important policy implications for improving the investment climate of emerging market economies.
Full Text Available Background: Entering employment and achieving a stable position in the labour market are considered important preconditions for childbearing. Existing studies addressing the relationship between work experience and the timing of parenthood focus exclusively on Western Europe and North America. By adding an Eastern European context before and after societal transformation, this study contributes to a more comprehensive account of the role of work experience in first-birth timing in Europe. Objective: We investigate how work experience and career development are related to the timing of parenthood in two diverse contexts in Estonia, state socialism and the market economy, and how it varies by gender and nativity. Methods: The data used come from the Estonian Health Interview Survey 2006-2007. We estimate piecewise constant event history models to analyse the transition to first birth. Results: Our results suggest that in the market economy work experience became moreimportant in the decision to enter parenthood. In the market economy the importance of work experience to entering parenthood became more similar for women and men. Non-native-origin men and women's timing of parenthood appears to have become detached from their career developments. The article discusses mechanisms that may underlie the observed patterns. Conclusions: Our study shows how work experience gained importance as a precondition for parenthood in the transition to a market economy. This lends support to the view that the increasing importance of work experience is among plausible drivers of the postponement transition that extended to Eastern Europe in the 1990s.
Bussière, Matthieu; Peltonen, Tuomas A.
This paper estimates export and import price equations for 41 countries –including 28 emerging market economies. Further, it relates the estimated elasticities to structural factors and tests for statistical breaks in the relation between trade prices and exchange rates. Results indicate that (i) the elasticity of trade prices in emerging markets is sizeable, but not significantly higher than in advanced economies; (ii) such elasticity is primarily influenced by macroeconomic factors such as ...
Despite considerable and miscellaneous research in transition economics, some of its aspects have yet to evolve and come up with a more standard theory. After the initial systemic change in two versions of socialist systems - centralist in the former Soviet Union (FSU), and self-management in the former Socialist Federal Republic of Yugoslavia (SFRY), and rush towards a market-based system, setbacks in economic performance were marked by a sharp decline in living standards for the majority of...
Frederick W. Cubbage; Anthony G. Snider; Karen Lee Abt; Robert L. Moulton
This chapter discusses privately owned forests and timber management in a market economy, including private property rights and tenure, landowner objectives and characteristics, markets, and government policies. Private forest land ownership and management-whether it be industrial or nonindustrial-is often assumed to represent the classic model of atomistic competition...
Chadraba, Petr G.; O'Keefe, Robert D.
This article summarizes some of the authors' experiences in introducing marketing concepts to students involved in the transition from planned to market economies. It addresses critical issues involved in the translation of these concepts within languages that often have no words that are synonymous with these terms. The authors discuss methods…
A vibrant capital market plays a crucial role in promoting the growth and development of the economy. This study examined the performance of the capital market and its impact on the economic growth of Nigeria. Using a time series data covering a period of 26 years (1985–2010) and employing the econometric tool of ...
Alina – Aurelia GRIGORE
Along with the evolution of society, the classical economic models are confronted with serious challenges regarding continuous diminishing of resources, social pressure and limited capacity in satisfying people’s needs. Searching for alternatives that could solve social problems led to the promotion of new alternative economic models, like social economy or economy of solidarity. Based on social solidarity and placing the people in center of the economic activity, the social economy entities ...
Full Text Available The troubled course of the revolutionary process of building socialism in China reveals a gradual reorientation of revolutionary energies to the "technical tasks", focused on economic development and increase of productive forces. The theoretical and practical reframing of Chinese socialist transition acquires a qualitative dimension with the proclamation of the Reform and Opening policy and the recognition of the historical phase that the Communist Party of China, since Deng Xiaoping, defined as the primary stage of socialism. The economic reformulation stresses the issue of the use of market instruments in the process of socialist transition in China, establishing a parallel with the pioneering experience of Soviet NEP. The socialist market economy in China corresponds to a model of mixed economy, in which public ownership and the State hold the commanding heights of the economy, and the integration into the world economy is a key lever. This reality that does not set as granted a return of China to the dominance of capitalism. At the same time, the inevitable clash between the dynamics of two conflicting economic systems – socialism and capitalism – raises to the CCP and the Chinese proletariat the theoretical and practical requirement of safeguarding a re-updated class perspective.
Alin Marius Andrieş
Full Text Available All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial markets and in financing investments, trying to highlight the growing importance of this subsystem, shown both to economic agents and to all categories of investors.
Atılgan, Yiğit; Atilgan, Yigit; Demirtaş, Özgür; Demirtas, Ozgur; Şimşek, Koray Deniz; Simsek, Koray Deniz
We review the literature on derivatives in emerging markets. This young but booming literature appears to be concentrated on a few countries, but is quite rich in terms of subject coverage. We classify these topics based on the generally recognized functions of derivative markets and restrict the review to the set of top journals in finance and those that specialize on emerging markets or derivatives.
Full Text Available The article is devoted to the analysis of marketing, its role and significance in the modern education system and economy. The authors review the advantages of integrated marketing communications which include, apart from marketing, organizational culture, advertising, public relations (PR, branding, image making and other types of communication influencing the formation and functions of social processes and institutions, including the economic and education sphere.
Chesnokova, M.; Kirillovskaya A.
In the hyper-competitive market, the company's ability to choose the right marketing strategy is very important. Companies need to use the old and develop new marketing concepts, such as the creation and development of the brand and marketing experience. A strong brand can create a strong emotional connection between the product and the consumer. One of the tools that create a similar connection, is marketing experience.
Md Sharif Hossain
Full Text Available We evaluate how stock market return volatility behaves with respect to socioeconomic factors namely- interest rate volatility, foreign exchange rate volatility, S &P 500 index volatility, broad money supply volatility, per capita GDP, domestic investment, industry value addition, tertiary level of education, urbanization, and strike and blockades using time series data from 1976-2015. We find that interest rate volatility has significant positive impact on stock market return volatility where broad money supply volatility, foreign exchange rate volatility, tertiary level of education, and domestic investment have significant negative impact on stock market volatility based on stepwise regression. Therefore, increase in tertiary level of education and domestic investment makes the stock market more stable. From the estimated result of VAR model, results show no short run causality among these variables.
Full Text Available Marketing information systems are those systems which make the gathering, processing, selection, storage, transmission and display of coordinated and continuous internal and external information. Includes systematic and formal methods used for managing all of an organization's information market. Recommendation systems are those systems that are widely used in online systems to suggest items that users might find interesting. These recommendations are generated using in particular two techniques: content-based and collaborative filtering. This paper aims to define a new system, namely Marketing Recommender System, a system that serves marketing and uses techniques and methods of the digital economy.
Banking is fundamentally characterized by systemic dynamism and industrial volatility. Forward moving practitioners, therefore, are not relenting in their resolve to be more sensitive, appreciative and proactive in the market place. This essentially challenges them to strategically leverage on contemporary research outputs to ...
Apr 19, 2011 ... Abstract. Banking is fundamentally characterized by systemic dynamism and industrial volatility. Forward moving practitioners, therefore, are not relenting in their resolve to be more sensitive, appreciative and proactive in the market place. This essentially challenges them to strategically leverage on ...
Does macroeconomic data transparency-as signaled by subscription to the IMF's Special Data Dissemination Standard (SDDS)-help reduce borrowing costs in international capital markets? This question is examined using data on new issues of sovereign foreign-currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric estimates indicate that spreads on new bond issues declined on average by close to 20 percent, or by an average of about 55 basis...
The paper outlines the concept of energy savings as opposed to energy efficency. Afterwards are described briefly the up and down role of energy savings in recent Danish energy policy. It discusses the failure of leaving electricity savings and Integrated Resource Planning to the electricity...... and discussed. This finally leads to the difficulties in combining a more free market for energy in EU with a strong efforts to save energy. Ideas for electricity and heat saving policies are suggested....
PROF. O. E. OSUAGWU
Sep 1, 2013 ... A vibrant capital market plays a crucial role in promoting the growth and development of the economy. This study examined the ... The study therefore recommends the pursuit of policies that would improve the depth and breadth of .... also facilitate the ability to trade ownership of firms without disrupting the ...
Counting Women's Work: The Gendered Economy in the Market and at Home. Women have made strong gains in economic and political arenas but they continue to lag behind men. While women do similar work, they are usually paid less. Schooling or experience alone cannot account for the wage differences. Women ...
Perotti, E.C.; van Oijen, P. H.
This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over
Perotti, E.C.; van Oijen, P.H.
This paper investigates whether privatization in emerging economies has a significant indirect effect on local stock market development through the resolution of political risk. We argue that a sustained privatization program represents a major political test that gradually resolves uncertainty over
Full Text Available Since the establishment of commercial sharing economy services like Uber, Blablacar, Lyft, Airbnb, TaskRabbit, etc., the debate about the sharing economy and its effects on competition has generated lively discussions, which have too often dangerously departed from a debate based on objective (market observation to evolve into a quarrel among the supporters and opponents of the online platforms. Undoubtedly, the peculiar features of these new firms’ business models create frictions with the traditional regulatory environment, which currently appears to be incapable of framing them into models and schemes typical of a previous economic phase, such as, for example, one-sided markets, no externalities, and competition mainly on price. Nevertheless, setting aside the more or less impromptu debate about the “social goodness” of these firms, we argue that competition enforcers should look at their effective market power. In fact, as the basic principles of competition law teach us, only when those firms have (more or less legitimate significant market power, will they be subject to special responsibilities and to stringent restrictions and obligations. Toward this aim, it is first necessary to define the relevant market. And, immediately afterwards, to delimit firms’ market position. This, in turn, should help to assess their compliance with the competition rules and the obligations that they are – or rather that they should be – subjected to. This exercise is not an easy one because the traditional regulatory concepts and definitions do not seem to reflect the competition dynamics that characterise the new markets on which we are reflecting. In this paper we focus on a number of challenges that are posed by the sharing economy businesses, suggesting that they could be solved with the traditional competition instruments, although adapted to the peculiar features of the markets that are at stake. These include, among others, multi
Wei Xu; Li Yu; Yu Zhu; Liyue Lin
The transformation to a socialist market economy in China has unleashed millions of migrants from the rural interior searching for better economic opportunities in coastal areas over the past three decades...
... International Trade Administration Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties... CBP to liquidate such entries at the non-market economy (``NME'')-wide rate. FOR FURTHER INFORMATION... it instructs CBP to liquidate certain entries from non-reviewed exporters. See Non-Market Economy...
Full Text Available This paper reviews labor market developments in the countries of Eastern Europe and the former Soviet Union since the beginning of transition. The paper examines the relationship between aggregate employment and macroeconomic developments in these countries, emphasizing the changing interaction between aggregate output and employment, the role of wages and of labor market flexibility in determining the ability of these economies to provide suitable employment for their citizens. Attention is also given to the role of starting conditions and how the excess employment of the Communist period was either liquidated or accommodated. The second part of the paper deals with microeconomic issues pertaining to labor market performance in the region. The role of the nature and extent of privatization on employment outcomes is examined as is the role of sectoral restructuring. The role of entrepreneurship and the creation of new SMEs, capital formation and the emergence of new labor market institutions are also described.
Full Text Available Many international investors have realized that they cannot obtain profits as large, investing in mature markets as well as investing in emerging and developing countries. They want to obtain higher yields, of course assuming the extra risk, as the risk of liquidity or volatility of exchange rates, which are significantly higher than in developed markets. Studies on the BRICS economies are countless, researchers pointing that the development of these economies and their transition towards developed economies category is virtually inevitable (Nistor, 2011. In this article we propose a smooth approach on the state of the economies of the BRICS emerging countries and the stock exchanges markets. It is interesting to observe how, according to a forecast of the International Monetary Fund, in the year 2025 world supremacy from the economic point of view will belong still to the United States, but the discrepancies between the United States economy and China's economy subside until then. The same source, however, predict that by the year 2050, China's economy will bring forward the United States of America. However, should not be lost of sight the fact that China is part of the BRICS countries, with enormous development potential. As proof of those exposed earlier, sits the performance obtained from China's economy especially in times of crisis, when the vast majority of the world's economies recorded negative economic growth. Somewhat improperly said so, we were witnessing a world economic depression. The performance of China's economy is so, noteworthy, it received even in the toughest years of global financial and economic crisis, a positive value of economic growth. This also happened, within other BRICS emerging countries economies, having many similar economic meanings. With such a potential for economic growth, the economies of BRICS countries have brought into the spot light the operational stock exchanges. The interest of investors for
Luiza Loredana Nastase
Full Text Available If during the global economic and monetary-financial felt in the last seven-eight years was observed that the most affected countries were those with a developed economy currently it seems that the wheel turns and target countries with an emerging economy. Thus, the financial markets of advanced countries seem to be characterized by stability in opposition to those of emerging markets, which seem to become increasingly vulnerable. This paper tries to capture the current economic situation of the two categories of states, from the major aspects that determined the evolution of socio-political and macroeconomic indicators, presenting the statistical data and trying to predict future period. A special importance should be given to international markets. Given that the extension of global economic integration and cooperation on the international market participants are relative conditioning is required for a consensual approach and multilateral thereof, for reducing and avoiding imbalances in the international trading system. We will take into account the need to involve politics in parallel with the adoption of measures specific to each category of state. All these issues will be addressed further
MSc. Florida Veljanoska
Full Text Available This paper investigates the effects of foreign bank entry in emerging markets. We developed a picture of a multinational bank in an emerging markets by combining statistics from several sources, in order to explore broad range of effects that brings foreign bank entry in the developing countries. Some impacts of foreign bank entry have been thoroughly studied, while others are hardly mention. Entry of foreign bank brings large benefits to host country’s financial system and economies at large. This paper is studying those benefits very carefully, by analyzing the impact of foreign bank entry on economy, government, monetary policy, large enterprises, small and medium size enterprises, domestic bank etc. But, we also consider the fact that at the same time, foreign investment in the financial sector, rises some concerns, and therefore we analyze the negative effects as well. At the end we must admit that although there are some negative consequences from foreign bank entry in emerging markets, the benefits that arise from foreign banks penetration are much more, and this trend of foreign bank entry has brought new positive economic impulse in developing world.
... Market Economy Input Prices in Nonmarket Economy Proceedings AGENCY: Import Administration, International.... The rule, if adopted, would establish (1) a requirement that the input at issue be produced in one or... input be purchased from one or more market economy suppliers before the Department would use the...
... International Trade Administration Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties... economy countries (``NME''), the Department of Commerce (``the Department'') currently instructs U.S... each company subject to the investigation or review. In market economy (``ME'') proceedings, the...
Soederholm, Patrik [Economics Unit, Luleaa University of Technology, 971 87 Luleaa (Sweden)
This paper analyzes the political economy of establishing bilateral trade in green certificate markets as one step towards harmonization of European green electricity support systems. We outline some of the economic principles of an integrated bilateral green certificates market, and then discuss a number of issues that are deemed to be critical for the effectiveness, stability and legitimacy of such a market. By drawing on some of the lessons of the fairly recent intentions to integrate a future green certificate market in Norway with the existing Swedish one, we highlight, exemplify and discuss some critical policy implementation and design issues. These include, for instance, the system's connection to climate policy targets, the role of other support schemes and the definition of what green electricity technologies should be included. Furthermore, the establishment of an international market presumes that the benefits of renewable power (e.g., its impacts on the environment, diversification of the power mix, self-sufficiency, etc.) are approached and valued from an international perspective rather than from a national one, thus implying lesser emphasis on, for instance, employment and regional development impacts. A bilateral green certificate system thus faces a number of important policy challenges, but at the same time it could provide important institutional learning effects that can be useful for future attempts aiming at achieving greater policy integration in the European renewable energy sector. (author)
Novaković Nada G.
Full Text Available In this article the author points the main these: labor low in 'post socialistic' Yugoslavia is contradictory, partial and inconsistent. Some working rights are neglected, some are imitation of its in the market economy and some of them are pre-modern. The main part of the working legislative gives opportunity to protect interests of old/new elite. The author analyses problems of the transitions, privatization, social role and power of economical elite and workers, the position of trade union, wages and the other household incomes, (nonemployment workers, economic pauperism of social groups. The former problems are explored on formal and empirical level.
Full Text Available The number of labour market outsiders in Europe has dramatically increased, especially among the youth, potentially influencing social and political participation. Using logistic regressions and comparable survey data – the British Household Panel (BHPS and the German Socio-Economic Panel (GSOEP – we connect insights drawn from Varieties of Capitalism and dualization literature with an investigation of individual level outcomes in Britain and Germany. First, we disentangle the impact of skills on outsiderness among the overall population and the youth. Second, we analyse the influence of skills and outsiderness on peo-ple’s social and political participation. We suggest that skills matter in protecting individuals from labour market outsiderness, but they do so in different ways across liberal and coordinated market economies and age groups. While the possession of specific skills reduces the likelihood of being a labour market outsider among young people, it has the opposite effect on political participation. In contrast, education fosters participation but does not reduce the risk of becoming an outsider in the same age cohort. Moreover, although there is no difference between insiders and outsiders when it comes to political par-ticipation, being an outsider may reduce social participation. Finally, young people are more likely to be excluded from social and political participation in Britain than in Germany as a consequence of different welfare and socio-economic systems
Full Text Available Labor market is affected by ecologization processes in economy both nationally and globally. Positive and negative effects of this process are analyzed in this article. We defined 5 main areas where labor market is affected by "greening" processes: 1 еcologization create new workplaces for producing "green" goods; for implementation and support of ecology-friendly technical processes; in traditional business areas, connected to "greens"; 2 іt provide changes of overall employment rate; 3 labor market structure transform due to new ecology tendencies; 4 current workplaces become "greener", especially positions, connected to ecology; 5 it causes widespread social integration. We made a conclusion that the total effect of this process on labor market will depend on many economic and political factors. Number and quality of created workplaces will highly depend on level of demand for such specialists and on elasticity of employment. It will correlate with the number of workplaces, lost in traditional industries. Sum of gross benefits and damages will be equal to number of employees, who "green" their work conditions or will be forced to change their jobs at all.
Erlingsson, Einar Jón; Cincotti, Silvano; Stefánsson, Hlynur; Sturluson, Jon Thor; Teglio, Andrea; Raberto, Marco
In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the consumption goods market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical simulations of the model, have been carried out in order to explore the effects of different households' creditworthiness conditions re...
Full Text Available The European Union has introduced the Europe 2020 Strategy and Horizon 2020, which contain several elements for a transition into a Socio-ecological Market Economy. But their implementations are mainly hampered by the unduly large financial sector and the political striving for high economic growth. A turn into low growth equilibrium needs a reduction of total capital inputs, which are composed of financial, man-made and natural capital. Whereas the reduction of financial capital needs a strong, but actually lacking political will, the reduction of man-made and natural capital depends on a real capital saving innovation system, which should partly be financed by a transfer of financial capital to the real productive sector. Beyond a strong reduction of financial capital and depending on existing ecological, social and economic problems, the innovation system should save man-made and natural capital accordingly. In all cases these innovations need higher qualification by means of a human-centered educational system. Higher educational investments, i.e. augmented “human capital,” are decisive for a transition into a Socio-ecological Market Economy for two reasons: First, higher qualification will augment the wage-profit relation and second, capital saving innovations will reduce productive capital inputs without reducing the profit rate on the reduced real capital stock. Increasing “human capital” intensity will accelerate the transition into low growth equilibrium with a higher consumption-investment relation, which creates more domestic final demand and needs lower export surpluses. Starting from existing high productive and financial capital intensity, during the transition saving surpluses in Europe will decline only step by step; they should not be allocated in financial markets, but for a considerably more human-centered education and real investments in Europe and the Third World.
Analyzes the effect of the transition from a state socialist economy to a market-oriented economy on personal income inequality in urban China. Examines returns to human capital (educational attainment and work experience) in low-profit state firms, high-profit state firms, and market firms. (Contains 54 references.) (Author/SV)
Dr.Sc. Skender Kërçuku
Full Text Available The fall of communism in Eastern Europe in the beginning of the 90-ies of the 20th century marked the beginning of a historical process of triumph of market economy in a wide geographical area and a large population, which had to have an influence on global developments. This age is characterized not only by a comprehensive ruling of capitalist market economy, but also by a series of important structural changes in economies of various countries, national and international mechanisms of market functioning, and relevant institutions thereto. Distinct authors have various opinions on characteristics and positive and negative outcomes of a globalized economy era. Some consider the globalization of world economy as a quantitative and qualitative expansion of market economy throughout the world, similar to the situation before the World War I. Other more serious authors consider the globalization of world economy as a new qualitative era, with important consequences on many areas.
Nørlund, Irene; Tran, *Angie Ngoc
This paper investigates the dilemmas of reaching the Vietnamese goal of ‘civilized and equitable’ society expressed from central planning towards a ‘socialist market economy under state guidance’ with deeper integration into the global capitalist system, and their impacts on the labor markets. Us...
Christensen, Lars K.
Review of L.H. Siegelbaum (ed.) The Socialist Car. Automobility in the Eastern Block. Cornell University Press, 2011.......Review of L.H. Siegelbaum (ed.) The Socialist Car. Automobility in the Eastern Block. Cornell University Press, 2011....
Lawrence Mpele Lekhanya
...’ marketing strategy in an emerging economy. The study aimed to assess and critically discuss various factors influencing the use of e-commerce as an instrument of governing SMEs marketing strategy and identify the extent to which SMEs owners...
Full Text Available We develop a simple behavioral macromodel to study interactions between the real economy and the stock market. The real economy is represented by a Keynesian-type goods market approach while the setup for the stock market includes heterogeneous speculators. Using a mixture of analytical and numerical tools we find, for instance, that speculators may create endogenous boom-bust dynamics in the stock market which, by spilling over into the real economy, can cause lasting fluctuations in economic activity. However, fluctuations in economic activity may, by shaping the firms' fundamental values, also have an impact on the dynamics of the stock market.
Full Text Available This article both extends the debate on the varieties of capitalism theory beyond the existing literature to solve the ambiguous position of the variety of capitalism that is found in Turkey and brings a novel approach to the studies of the political economy of Turkey by adopting a firm-centred position using the varieties of capitalism framework. Based on a qualitative comparison with the dependent market economies (DMEs, mixed market economies (MMEs and hierarchical market economies (HMEs, this article claims that Turkey is a hierarchical market economy with four characteristic features that are also found in Latin American economies. These core features are the dominance of the family-owned diversified business groups, state-regimented and weak industrial relations, low skills and the influence of MNCs.
The canonical neoclassical model is insufficient to understand business cycle fluctuations in emerging market and developing economies. The author reformulates the model proposed by Aguiar and Gopinath (2007) in a simple setting that can be used to teach business cycle macroeconomics for emerging market and developing economies at the…
In this paper, the authors examined the role of market women in the informal urban economy and the factors that threaten the effective performance of their roles. Interviewing 360 foodstuff sellers from the Kumasi Central Market and the Race Course Markets, the authors identified that the market women had made significant ...
The Family as an Externality within a Market Economy: Evidence from the Czech Republic Abstract The dissertation thesis deals with an issue of fertility decline in developed countries from a perspective of relationship between the family and the market economy. The family is perceived as an externality with respect to theoretical economic framework as well as to real economy of the Czech Republic in the period of economic transition. In other words, neither theory nor applied policy fully ref...
E. A. Starozhuk
Full Text Available The relevance of the topic chosen due to the current state of organization of purchasing activity of economic entities, which has undergone significant changes in the conditions of market economy. These changes consist in the fact that instead of the stock distribution of goods under the planned centralized system of economic management, the system of centralized customer attachment to the suppliers of solid state prices, the inequality of economic entities, tight regulation of supply of goods, came the era of free market relations.In the first part of the article provides an overview of contemporary works of authors and their views on the procurement activities of organizations and enterprises.The second part of the article describes the direction, the form of procurement enterprises, taking into account the peculiarities of their development and functioning.The first phase of the study was to identify the basic definitions of procurement enterprises in difficult socio-economic conditions. The second phase of the study was to determine the ranking of factors procurement activities.The purpose / goal. The aim of the article is to analyze the purchasing activities of the enterprises; study the best ways of functioning of the enterprises in order to achieve high economic efficiency through the development of the process of procurement.Methodology. The methodological basis of this article are the economic and statistical methods of analysis, legal documents in the area of procurement, public analyzes of the development of economic structures.Conclusions / relevance. The practical significance of the work lies in the provisions of the orientation, the findings and the rationale of the provisions of procurement that can be used by the legislative and executive authorities of the Russian Federation in the current activity.
Sergey Yu. Rychkov
Full Text Available Objective to identify the economicanthropological component of the development of food market in Tatarstan within the concept of Islamic economy. Methods discursive comparative general scientific methods of analysis and synthesis ethnosociological survey. nbsp Results the Halal food market of Islamic economy is a subject of scientific and practical interest for several reasons it is a dynamically developing promising market with great potential and development opportunities. To achieve the stated objective the authors analyzed the studies of domestic and foreign scientists on the essence and organization features of the Islamic economy. Conclusions were formulated about what Halal food is primarily associated with the complex religious not gastronomy requirements. The analysis of the food concepts in the Islamic culture has showed that the fundamental characteristic of food is its permissibility. To determine the concepts of Halal products existing among the Muslims a Halal products market research was conducted in Kazan. First of all to determine the ethnoreligious profile of the Halal products consumers the structure of ethnic populations was analyzed the change in their numbers over the last 20 years and the reasons for such change. The next part of research involved conducting a poll among men and women ndash Tatars aged 18 to 30 years. The main aim of the survey was to determine the causes of food behavior of the population. According to the survey results the key conclusion was formulated that for this age group the choice of food is not determined by religious considerations but by the desire for healthy and proper nutrition. The survey results allowed to compile a list of recommendations for improvement of the functioning of the Halal market subjects and the state and municipal bodies. Scientific novelty for the first time an interdisciplinary approach was used at the intersection of economics sociology and anthropology for this research
Full Text Available In the current context of economic globalization and the advent of the virtual business environment, organizations have registered profound transformations that force companies to reconsider their strategic objectives, especially taking into consideration the opportunities created by the new information and communication technologies. Regardless of their reactive or proactive strategies when facing the changes in the competition, most companies in the developed countries and more and more of the Romanian enterprises are interested in developing technologies and information systems at a intra, inter and extra organizational level, with integrated traits, which are capable to sustain both the managerial process and the traditional functions of the organization. That being said, we herald now the expansion of the electronic commerce or eCommerce, which represents the automatization of the commercial transaction by using information systems and communication technologies. Developing an eCommerce system based on a business-to-business application consists of de-structuring the chain of value in managerial processes and then re-structuring it in order to identify the areas that can be made efficient through electronic means. This study is meant to aid the development of existing models by developing the services in certain less accessible to electronic commerce areas of a knowledge-based economy. As it stands, electronic commerce offers the opportunity of selling products world wide and this increasing the number of potential clients by eliminating the geographical barriers between buyers and seller. Opting for electronic commerce is a solution when the company wants to diversify its services and when it wants to reduce market related costs.
The findings were that lack of credit support, transport limitations, inefficient groundnut marketing channels and systems, restricted markets and marketing opportunities have contributed to limiting the realization of this potential of the rural woman. It is recommended that: the entrepreneurial and groundnuts marketing skills of ...
... policy of adopting a free market economy introduced in 1991 to replace State monopolies established after the Arusha Declaration of 1967.The gist of the legislation is to encourage competition in the economy by prohibiting restrictive or unfair trade practices controlling monopolies and concentrations of economic power.
Hoen, Herman W.
After the collapse of communism, the Central and Eastern European countries decided to implement a market economy embedded in a democratic order. A constituent element of the transition was a fully-fledged integration with the global economy. One of the consequences of this integration is that the
Kürten, K. E.; Kusmartsev, F. V.
We argue about the application of methods of statistical mechanics to free economy (Kusmartsev F. V., Phys. Lett. A, 375 (2011) 966) and find that the most general distribution of money or income in a free-market economy has a general Bose-Einstein distribution form. Therewith the market is described by three parameters: temperature, chemical potential and the space dimensionality. Numerical simulations and a detailed analysis of a generic model confirm this finding.
Full Text Available Population aging is becoming an inevitable phenomenon in Albanian post-socialist society, posing multi-faceted challenges to its individuals, families and society as a whole. Since 1991, the Albanian population has been exposed to intensive demographic changes caused by unintended aspects of socio-economic transition from a planned socialist economy to a market-oriented capitalist one (Hoff, 2008. Ongoing processes of re-organization of social institutions increased its socio-economic insecurity leading to the application of various coping mechanisms. While adjusting themselves to other aspects of life, people changed their decisions of having children and leaving the country (Hoff, 2008. On the other hand, replacement of former traditional extended family forms with diverse living arrangements and family structures has been the outcome of the combination of three factors: falling fertility, increasing life expectancy and increasing migration (INSTAT, 2014.
Soderbom, Mans; Rijkers, Bob
By developing a simple theoretical model of the impact of market integration on sectoral output and employment in a poor rural setting, this paper demonstrates that trade can induce asymmetric growth. Under certain, plausible, assumptions, the non-farm sector will grow much faster than the agricultural sector when markets become integrated. Promoting market integration may thus be an effec...
Buehner, Volker [EUS GmbH, Dortmund (Germany); Buchholz, Bernd Michael [NTB Technoservice, Pyrbaum (Germany); Fenn, Bernhard [HSE AG, Darmstadt (Germany)
The enhancement of electricity networks into Smart Grid requires significant investment. Under the current market conditions in Germany the return of investment is not visible. Smart Grids and Smart Market can be developed only in a mutual relation. A vision for the prospective electricity market including the business models motivating the Smart Grid enhancement is considered for the distribution level. The required investment for the enhancement of a 20 kV distribution network into a Smart Grid is considered based on the installation experience of the European lighthouse project Web2Energy. Market aspects like the aggregation of distributed energy resources, storage units and controllable loads into a virtual power plant (VPP) or the market integration of consumers by dynamic tariffs are also included in this investigation. Based on the visionary market conditions economic benefits may be presented. (orig.)
Vorsatz, D. [Lawrence Berkeley Laboratory, CA (United States)
As much the extreme inefficiency of Eastern European energy sectors is emphasized, as little attention their relatively efficient aspects receive. Indeed, a few efficiency indicators show the highest global efficiencies for the formerly centrally planned economies, such as the overall primary to useful energy efficiency. These figures draw the attention to an underestimated feature of former socialist energy sectors and to crucial policy implications: in some respects central planning lead to a more efficient use of energy than the market economy. Consequently, if transitions from the central planning to the market economy are not managed carefully, further reductions in energy efficiency can be expected in some sectors of the economy.
Full Text Available The paper deals with successful Indian management practices in the rapidly growing Indian emerging economy. The focus is on the connection between culture, management, business and information and communication technologies (ICT. Specific aspects and challenges of Indian management are analysed in the context of comparative management, in a complex global environment. There is also a focus on the roots of success and business performance of prominent Indian companies. The analysis is based on relevant new data. The importance of identifying business opportunities by managers and developing innovative business models is explained from the aspect of the predicted rapid growth and sustainable development of the globally oriented Indian economy in the future period.
PROF. O. E. OSUAGWU
Sep 1, 2013 ... 1Department of Finance and Banking, Faculty of Management Sciences .... capital markets Nigeria is the fourth largest, .... corporate .....  CBN (2008): Statistical Bulletin; Golden Jubilee Edition, December 2008 Abuja.
Argjira Kadrijaj Dushi
Full Text Available From a conducted centralized economy, Kosovo‟s economy became a free market after 1999. This made the economy of Kosovo to face a lot of challenges. One of them and still a topic not studied among Kosovo economists is the Kosovo currency. Kosovo is not yet a member of EU but since 2002 is using euro currency. What are the advantages and disadvantages of using euro currency for the economy of Kosovo? This was not questionable in 2002, because Kosovo was still in the first steps of creating a financial system. But, today the importance of exchange rates in economy is crucial as a result of the internationalization of businesses, the constant increase of world trade with the national one and the rapid change of money transfer technology. In this research, through quantitative and qualitative methods is analyzed the development of exchange rate market in Kosovo and the effects of exchange rates movements in Kosovo economy, its GDP and inflation and in consumer price index. The research will point out the importance of exchange rates as an interest variable for some of Kosovo businesses and its effects in the transition economy of Kosovo which has not been exposed to exchange rates risk on macroeconomic variables.
Alberto Marcos Martín
Full Text Available This essay deals with the negative consequences brought by the expansion of the consolidated debt since the XVIth century through the massive issues of long term annuities (juros on the Castilian economy. The article analyses the reasons which reduced the appeal of these financial assets among private investors. This prompted the Royal Treasury to follow an alternative course and, trying to expand its credit base, the Crown resorted to the financial systems of the Castilian cities, which became closely subordinated to the needs of the Royal Treasury.
CĂRUNTU GENU ALEXANDRU
Full Text Available Financial system can be approached from the perspective of sales in socio-economic system, namely a global financing mechanism, taking version account specific components, such as: normative base regulatory a financialmonetary methods, forms and techniques version running streams Monetary Financial methods, techniques usable forms and version carrying cash flows, financial levers. Integration contexts, the financial system becomes part of gear intended to ensure implementation and regulation of money flows version compared with the normal performance requirements of real processes in the economy.
Full Text Available Despite intuitive or deliberate realization of the necessity of being oriented towards the customer’ s needs, the marketing philosophy was not used similarly in real life by the enterprises of the new market-oriented countries, among which we traditionally find the Baltic countries (Latvia, Lithuania, Estonia, Poland, Czech Republic, Hungary, Romania, Bulgaria, Ukraine, Russia, the former Ugoslavian republics (Slovenia, Croatia, Serbia, Chernogoria and others. The article generalizes the factors, influencing the behavioral peculiarities of the consumers in the above-mentioned countries and specific ways of introduction of marketing technologies and it is supported by the reprinted materials or by the results of the comparative research, carried out by research institutions and professional associations.
Full Text Available The Korean government has officially recognized China as a full market economy. This paper investigates the impact of grantingThe Korean government has officially recognized China as a full market economy. This paper investigates the impact of granting market economy status to China on antidumping (AD duties and imports. With regard to non-market economies (like China, it is presumed that prices and costs are influenced by state interference and, therefore, authorities use prices and costs from a third party economy to construct normal values. This, however, leads to higher dumping margins. This paper examines the use of Non-Market Economy (NME on dumping margins and statistical analysis finds that NME, in fact, raises margins by 18.7∼27.3%. Furthermore, the imposition of AD duties significantly restrains trade; for example, a 10% AD duty causes imports to fall by about 1.5~3.4%.
Bobojonov, Ihtiyor; Teuber, Ramona; Hasanov, Shavkat
literature, our analysis provides further evidence. We demonstrate that variables related to farm characteristics play a rather crucial role in more subsistence-oriented small-scale farming systems as found in the case of Armenia. In contrast, infrastructure may become more important than farm endowments...... to participate in export markets in Armenia and Uzbekistan. Discussions are based on the analysis of surveys of 400 farmers from each country conducted in the spring of 2015. The results show that farmers already participating in local markets have a higher motivation to engage in the production of exportable...... in more commercially oriented farming systems such as observed in Uzbekistan....
Full Text Available The main conditions of transformation of the world market in modern conditions of globalization are determined. The main transformation’s factors of the international services market at the present stage of the world’s economy development are singled out. The impacts of the global market for the growth of productivity are investigated. The features for increase of export potential of developing countries in international trade in services are explored. The main characteristic features of the subject structure of the modern world market are showed.
Since Tajikistan’s independence, market reforms and pressure from international donors have brought changes to the state’s role in the economy. The official narrative holds that the post-socialist state reduced its control over agriculture, but there are still various mechanisms through which it
This paper studies the destination information marketing as an aid to the Cross River Tourism bid. A questionnaire was designed to elicit responses from the stakeholders in the tourism industry. Out of 69 questionnaire copies administered on tourist and workers in three popular hotels in Calabar (University of Calabar Hotel, ...
This lesson plan features a classroom simulation that helps students understand the characteristics of a market economic system. The lesson plan states a purpose; cites student objectives; suggests a time duration; lists materials needed; and details a step-by-step teaching procedure. The "Paper Airplane Challenge" handout is attached. (BT)
In this article the National Transfer Accounts (NTA) method is used to develop a comprehensive account of resource reallocations between population members in Italy, encompassing the age and the gender perspective, the public and the familial institutional sectors as well as the market and non-market dimensions of the economy. The inclusion of the non-market economy, referring to household and care time, allows for an insight into the gender division of labour and the strength of intergenerational obligations in the Italian familistic welfare regime. Results highlight the existence of large flows of resources within the family both between genders and toward young generations, with men and women giving rise to considerable monetary and time transfers, respectively. PMID:26110106
In this article the National Transfer Accounts (NTA) method is used to develop a comprehensive account of resource reallocations between population members in Italy, encompassing the age and the gender perspective, the public and the familial institutional sectors as well as the market and non-market dimensions of the economy. The inclusion of the non-market economy, referring to household and care time, allows for an insight into the gender division of labour and the strength of intergenerational obligations in the Italian familistic welfare regime. Results highlight the existence of large flows of resources within the family both between genders and toward young generations, with men and women giving rise to considerable monetary and time transfers, respectively.
Alafi Abdourhim, A.; Alafi, Abouazoum; de Bruijn, E.J.
Since the mid-1980s, there has been a significant movement toward global markets, especially the privatisation of the State-Owned Enterprises. Recently, after a more than three decades of excessive reliance on the public sector, Libya has pursued privatisation of its public sector. This paper
Full Text Available Natural resources are not homogeneous in nature, having certain features in the productive process that require grouping them into different categories by different criteria. Consequently, natural resources cannot be addressed all at once, but only distinctly, according to relevant criteria selected based on the proposed goals. Changing approaches based resources (materials to the knowledge, from quantity to quality, from mass products to new concepts of higher added value, follows a development that is based on eco-efficiency and sustainable products and services. In this respect, integrated research will become key factors towards global processing. Also, global digitalization requires a new approach on the role of information in the development of economy and increase of competitiveness.
Verter, Nahanga; Osakwe, Christian Nedu
The paper deals with market competitiveness and the performance of the Czech economy in the era of globalization, using annual time series, which spans from 1993 to 2012. Econometric techniques such as the Granger causality test and impulse response function were employed in order to verify the interactions of the Czech Republic market size (real GDP per capita), trade openness, inward FDI, REER and globalization dynamics. The findings provide a robust evidence that globalization fosters mark...
The paper studies asset prices and capital accumulation in a monetary economy with non-diversifiable idiosyncratic risks (incomplete markets). A government issued unbacked currency is introduced into agent's preferences in a dynamic GEI (General Equilibrium with Incomplete market) model with CARA preferences and normal disturbances. Closed form expressions for equlibrium allocations and prices are derived under finite and infinite horizons. The paper addresses several monetary issues. In part...
Mirela Ionela ACELEANU
Full Text Available The current financial and economic crisis has led to imbalances in the labour market, imbalances manifested worse in some economies. The paper aims to analyse the causes of these imbalances, especially the case of Spain, the country with the highest level of unemployment in the European Union. Thus, the characteristics of the labour market in Spain will be highlighted in order to identify the factors responsible for the worsening of the crisis.
The paper is purported to examine the consequences of possible labour market reform in the developing economies on the incidence of child labour and economic well-being of the child labour supplying families. A two-sector, full-employment general equilibrium structure with child labour and imperfection in the market for adult labour has been used for the analytical purpose. Although this policy is likely to lower the incidence of child labour the welfare of the families supplying child labour...
Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume
This paper is a quantitative investigation into the characteristics of the Laffer curve in a neoclassical growth model with incomplete markets and heterogeneous, liquidity-constrained agents. We show that the shape of the Laffer curves related to taxes on labor, capital and consumption dramatically changes depending on which of transfers or government debt are adjusted to make the government budget constraint hold. When transfers are adjusted, the Laffer curve has the traditional shape. Howev...
This paper examines Vietnam’s export performance in the process of economic transition. The key theme of analysis is the complementary role of domestic policy shifts and the ongoing changes in world trade patterns in determining trends and patterns of exports. The analysis yields clear evidence that when market forces are unleashed, albeit in a constrained fashion, specialisation patterns assert themselves as predicted by the received trade theory. On the contrary, there is no evidence to sug...
Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)
The transition of Eastern Europe to Western-type liberal capitalism has been interpreted as an important step towards a more ecologically sustainable Europe. The main argument has been that the energy efficiency of the West-European economy will be imported to Eastern Europe and lead to lower energy consumption and lower pollution. This line of argumentation seems sound as far as the industrial sector is concerned. However, it does not take into consideration the energy and pollution bill of the lavish lifestyle of modern consumer-oriented societies. A shift away from the moderate private consumption of East-European Communism, towards the Western consumerist lifestyle may diminish or even abolish the positive ecological effects of the East-European transition to a competitive market economy. The article explores energy consumption and pollution patterns of Eastern and Western Europe both as far as industrial and domestic end-user consumption is concerned. The article argues that these patterns are related to basic characteristics of the communist and capitalist systems and that pollution and energy use are fundamentally conditioned by the overall political economy. 18 refs., 14 figs., 1 tab., 1 app.
Abeer Mohamed Ali Abd Elkhalek
Full Text Available Purpose: To examine the influence and participation of women in the labor market by the know-ledge economy; in negative or positive manner. Methodology: Quantitative research technique has been implied to evaluate women’s participa-tion in the labor market to minimize negative impacts of knowledge economy. Findings: Within the service and agricultural sectors, the outcomes demonstrated that knowledge economy is found to have a significant impact on the participation of women’s labor force. The only drawback that discourages the employment of women is the concept of culture and social norms. Practical Implications: A higher participation of females in computer science, engineering and technology-oriented jobs would spur innovation and economic advances in all countries. Origi-nality Statement: The research also depicted procedures to accomplish women’s participation as a fundamental requirement for the achievement of developmental goals.
Swader, Christopher Scott
This thesis investigates the mechanisms driving changes in social values, or those values emphasizing relationships, intimate bonds, and families, in the new market economies of Russia, China, and Eastern Germany. It is hypothesized that tensions between social values and individualism, materialism, and calculative rationality have arisen as a…
V. N. Voronina
Full Text Available This paper deals with result analysis of incoming of native instrument making into market economy. Reasons of dramatically worsening of many of enterprises condition and factors that are putting obstacles to its improvement are shown. Also variants of competiveness increasing ofRussian instruments are considered taking in account possible structure changes in its sphere.
Seeber, Gunther; Remmele, Bernd
A series of studies in several countries tested the economic understanding of people, particularly students. The performance of the subjects is typically conceived as showing "deficits". These alleged deficits seem to correspond with scepticism towards market economy. Better test scores in general correlate with higher appraisal of…
Gray, Lauren; Lamanette, Michelle; Silva, Alberto; Budden, Michael C.
Since the early months of 2009, the undeniable woes of the economy are being felt by many. With a record number of corporate closings, rising unemployment and the crises in the financial markets, this may prove to be a difficult year for many. This paper uses empirical evidence collected from Southeastern Louisiana University students to learn how…
Darendeli, Izzet; Brandl, Kristin Martina; Hamilton, III, Robert D.
The catch-up process of emerging market economies is dependent on multiple factors, such as local governmental regulations but also global industry developments. We investigate how intellectual property (IP) protection standards affect this catch-up process. The alignment of these standards...
Darendeli, Izzet Sidki; Brandl, Kristin; Mudambi, Ram
The catch-up process of emerging market economies is dependent on multiple factors, such as local governmental regulations but also global industry developments. We investigate how intellectual property (IP) protection standards affect this catch-up process. The alignment of these standards...
Weiss, Charles, Jr.; Passman, Sidney
Reviews science and technology policymaking in five countries with free-market economies: the United Kingdom, Germany, France, the Republic of Korea, and the United States. Implications for eastern European and other countries currently reorganizing toward domestic market economies and greater orientation toward world trade are discussed. (61…
Full Text Available After re-gaining its independence on 18 October 1991, the Republic of Azerbaijan started the transformation to the market-based economy and the integration into the world economy. The country’s oil and natural gas reserves have been considered the main source for financing a range of government programs for reforms. On the one hand, these reserves had to be used effectively; on the other hand, there was a huge demand for foreign investment for extraction. To this end, Azerbaijan has signed “Contract of the Century” in 1994. Although Azerbaijan has wide oil and natural gas reserves, it has faced a number of difficulties in its transition path. This study analyzes these problems and reforms for solving them. One of the types of the problems related to the economic structure of the former Soviet Union: disruption of the economic ties between the republics resulted in a decline of production, high levels of unemployment and prices and consequently led to an economic recession in all of the republics. Another set of problems related to the lack of sufficient institutional bases to transform to the market economy. Moreover, internal conflicts between the political parties and groups for having authority as well as political chaos in the republic can be considered other serious problems during the transition period. Furthermore, Karabakh war and occupation of 20 percent of the Azerbaijani territory by the Armenian military forces had made the situation extremely complicated. Despite all of these extremes, Azerbaijan transformed to the market-based economy decidedly and even became one of the fast growing countries of the world. Even in 2013, with the GDP growth rate of 5.6 percent, Azerbaijan was a leader among growing economies. In parallel with this significant economic development, there is still a need for some socio-economic and institutional reforms in order to get a well-functioning market-based economy in Azerbaijan.
Collins C. Ngwakwe
Full Text Available This paper presents an initial evaluation of possible effect of xenophobic violence on the Johannesburg Stock Market. Violence is inimical to economic development as it constraints normal business operations and causes a rebound on the stock market. The paper applied the event trend analysis combined with a statistical t-test of paired sample means in the pre and post-xenophobic period stock performance. Data was drawn from the JSE All Share Index - Capped Indices Performance (J303 - Capi DY for 2008 and 2015, during & after the xenophobic violence of 2008 and 2015. The economic consequences of social instability were substantiated with related literature. The theoretical foundation was inclined on the integrated threat theory and the social contract theory. Findings from the analysis of paired sample t-test showed a significant difference in means of stock performance with P<0.05 within and after the xenophobic period. Furthermore, a t-test of similarity in stock performance chart for periods of xenophobic violence 2008 and 2015 showed no significant difference in stock performance trend – indicating similarity in stock chart between 2008 and 2015 periods of xenophobic violence. The paper recommends the need for further research of a broader scope that will consider many years of xenophobic events or similar violence across countries using multiple stock performance and economic performance indicators.
Sokolovska Zoia M.
Full Text Available The article is aimed at analyzing the status of software provision of simulation modeling of economic systems and disclosing the possibilities of application of the integrated software-technological platforms in the building of market models. Problems in the field of applied introduction of the method of simulation modeling have been defined; the status of the software-technological provision of the simulation modeling of economic systems has been analyzed. It has been suggested to use the integrated system of multi-approach simulation modeling AnyLogic as one of the most powerful modern software platforms. The variant of the model of competitive multi-product market adapted to the specifics of pharmaceutical industry enterprises has been considered. The work of the model can be illustrated by results of the situational simulation experiments on the example of the pharmaceutical company «Farmak». The possibilities of parametric adjustment of imitation experiments together with the spectrum of their application in practical activity of pharmaceutical enterprises have been demonstrated.
Brown, J.H. [Fieldstone Private Capital Group, New York, NY (United States); Rosel, V. [Fieldstone Private Capital Group, Prague (Czechoslovakia)
Management of a free market power industry, or managing the transition from a planned economy to a free market one, is driven by a fundamental economic premise - it is unrealistic (and economically unsound) to try to shelter end users (manufacturers or otherwise) from the true cost of energy: (i) energy prices are a function of fuel inputs (ii) fuel inputs are world priced (iii) end users must pay prices based on true costs Trying to counter any of these dictates will cause economic inefficiencies and misallocations. Managers of energy production in a free market economy must therefore learn to acquire data, and learn to extrapolate. As information is never complete, or perfect, managers must learn to consider contingencies, alternatives and options. In a free market economy, the decision to build a power facility is not controlled simply by the recognition of a perceived need for more power in an area. Because survival in a free market economy requires making a profit, as part for the decision process managers must: (i) talk to their customers to determine power needs into the future (ii) talk to their input suppliers, and arrange contracts (iii) make sure that there is a spread between cost and revenue As stated this is a simple recipe, but is difficult in practice. To perform any forecasting, managers must acquire control over cost, so as to have a base from which to judge the continued profitability or potential profitability, of any current activity or future ventures. It should be noted that planning for the future is difficult at any time but even more so when moving through an era where in the entire economy is undergoing systemic changes. Historic customer base, and historic supply arrangements, may not mean much. Therefore, managers must keep acquiring information, and updating forecasts.
Tatyana L. Shklyar
Full Text Available This article demonstrates how much can be similar absolutely different areas as politics and economy.Analyzing the approaches to marketing in these areas, you can gather a lot of valuable and useful. The authors discuss the tools of marketing communications, depending on the life cycle of goods and drawa parallel between business and politics. Note that thetools of marketing communications are very numerousand diverse but is most effective at a particular time. Provides speciﬁc recommendations on the relevance of tools, aimed at promotion of the goods in the certaintime intervals life cycle.
Full Text Available Beauvoir’s work was translated in 1969, a period of change in state socialism: the introduction of some elements of market economy in 1968 (called New Economic Mechanism, the publication of Western bourgeois philosophers as Sartre and Beauvoir, and Marxist philosophers’ efforts to revise orthodox Marxism. ’The woman question’ was declared to be already solved by socialism. The emblematic female identity is of the working mother: free and equal with men by virtue of law, taking part in producing new value as worker and according to her natural role as mother and wife, representing the center of the socialist family. Under these circumstances the reception of The Second Sex is highly interesting: a success (two editions in a high number of copies, but only two contemporary reviews (one friendly, one sharply critical. In this paper, I give a reconstruction of socialist women’s reading of Beauvoir, given their officially propagated homogeneous identity and their unrecognized double burden. They could have identified themselves with Beauvoir’s new, independent woman and at the same time with the traditional woman. Beauvoir’s legacy for us post-socialist women can be derived from this past: to face ambiguities in identity and to vindicate individual freedom.
Galina F. Balakina
Full Text Available Studying the issue of how ethnic groups in Tuva adapt to contemporary social and economic transformations is of special importance at the moment due to the fact that Tuva is an ethnically heterogeneous region, and also because the issue of such adaptation has not been sufficiently studied so far. The ethnic and cultural profile of the population of a certain region is also important for assessing the prospects of its development. In order to study the whole scope of techniques, pace and scale of ethnic groups’ adaptation to the transforming environment, the authors of this article launched and led two public opinion polls (2010 and 2014. A representative sample of 400 residents of Tuva of working age was polled by means of a questionnaire. The analysis of the data thus obtained shows that the adaptation patterns in various ethnic groups (primarily Tuvans and Russians are different. An additional obstacle ethnic Russians face is that they have to adapt to both new socioeconomic situation and new ethnopolitical reality. While basic value orientations of ethnic Russians and Tuvans are quite similar, in the issues of equality and social mobility Russians, including the younger generation, still feel more disadvantaged than Tuvans. Low confidence in the future cripples their self-esteem, especially concerning career prospects and social mobility. Ethnic Tuvans feel more confident in their future due to their trust in kinship and territorial networks. Nevertheless, the overall adaptation level remains rather low, with a marked prevalence of paternalist expectations and passive outlook. In general, it is quite clear that the level of adaptation to the realities of the new economy does not match the requirements of the region’s social and economic development. The degree of frustration and deprivation among the population of Tuva is still high. Opinion polls show a rise of pro-migration mood: while Russians aim to move out of the region, ethnic
Full Text Available This article is divided into four sections. In the first one, we describe the origin and history of investment banking, with particular focus on the economic conditions that led to its birth in the United States. The second part considers those products offered by investments banks which are available to Polish entrepreneurs and individual clients willing to introduce their financial resources to the capital market. In the fourth, and last, section of the present article, we look at those areas of investment banking which stand a chance to flourish in the aftermath of the crisis. In this last section, we also touch on matters of international scope, which is necessitated by the fact that specialist (i.e. separate from domestic universal banking investment banking in Poland is the preserve of foreign investment banks and their Polish branches.
In this article the author suggests a number of measures and policies that should be part of a socialist education manifesto. These specific suggestions address curriculum and assessment issues such as an anti-discriminatory curriculum for equality, funded education outside the school, the development of critical thinking and democracy in schools,…
Full Text Available This paper defends the wisdom of not considering the Digital Economy to be one homogeneous sector. Our hypothesis is that it is best to consider it the result of adding four different subsectors. We test whether indeed the economic and financial performance of a portfolio of listed companies in each of the four subsectors presents relevant differences. We use the value at risk measure to estimate market risk of the four subsectors of the digital economy. The riskiest subsector is Mobile/Internet Contents & Services followed by SW&IT Services and Application Software. On the contrary, the Telecom sector is by far the safest one. These results support the hypothesis that the Digital Economy is not a homogeneous sector.
Coert Frederik Erasmus
Full Text Available Retirement savings allow investors to earn income after retirement by saving while being part of the workforce. Retirement savings comprise the largest portion of retirement savings and should be safeguarded by effective regulation. To safeguard retirement savings, exposure to foreign asset investments is limited. However, in an emerging economy, limiting foreign asset investments, especially investment in developed markets, could hamper the potential investment returns due to the translation risk. To assess the effect of translation risk, a preservation provident fund was used in the present study to determine whether the returns of this preservation provident fund would be adversely affected by investment allocation regulation. The findings indicated how the translation effect affected the preservation provident fund, illustrating the adverse unintended consequences of investment regulation in emerging market economies. Consequently, regulators should reconsider the maximum allowed foreign asset investment in pension fund regulations to enhance investment returns from foreign asset investments
Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok
In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995-2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies.
A comprehensive analysis is presented of industrial markets potential for direct use of geothermal energy by a total of six industry sectors: food and kindred products; tobacco manufactures; textile mill products; lumber and wood products (except furniture); chemicals and allied products; and leather and leather products. A brief statement is presented regarding sectors of the economy and major manufacturing processes which can readily utilize direct geothermal energy. Previous studies on plant location determinants are summarized and appropriate empirical data provided on plant locations. Location determinants and potential for direct use of geothermal resources are presented. The data was gathered through interviews with 30 senior executives in the six sectors of economy selected for study. Probable locations of plants in geothermal resource areas and recommendations for geothermal resource marketing are presented. Appendix A presents factors which impact on industry location decisions. Appendix B presents industry executives interviewed during the course of this study. (MHR)
Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok
In this study, we examine the role of market structure for growth in financially dependent industries from 10 emerging Asian economies over the period of 1995–2011. Our approach departs from existing studies in that we apply four alternative measures of market structure based on structural and non-structural approaches and compare their outcomes. Results indicate that higher bank concentration may slow down the growth of financially dependent industries. Bank competition on the other hand, allows financially dependent industries to grow faster. These findings are consistent across a number of sensitivity checks such as alternative measures of financial dependence, institutional factors (including property rights, quality of accounting standards and bank ownership), and endogeneity consideration. In sum, our study suggests that financially dependent industries grow more in more competitive/less concentrated banking systems. Therefore, regulatory authorities need to be careful while pursuing a consolidation policy for banking sector in emerging Asian economies. PMID:27490847
Over the last quarter-century, China has experienced dramatic changes associated with its development of a market economy. The character of clinical practice is also profoundly influenced by the ways in which reimbursement scales are established in public hospitals. The market distortions that lead to the over-prescription of drugs and the medically unindicated use of more expensive drugs and more costly high-technology diagnostic and therapeutic interventions create the most significant threat to patients. The payment of red packets represents a black-market attempt to circumvent the non-market constraint on physicians' fees for services. These economic and practice pattern changes are taking place as China and many Pacific Rim societies are reconsidering the moral foundations of their professional ethics and their bioethics. The integrity of the medical profession and the trust of patients in physicians can only be restored and protected if the distorting forces of contemporary public policy are altered.
A comprehensive analysis is presented of industrial markets potential for direct use of geothermal energy by a total of six industry sectors: food and kindred products; tobacco manufactures; textile mill products; lumber and wood products (except furniture); chemicals and allied products; and leather and leather products. Location determinants and potential for direct use of geothermal resources are presented. The data was gathered through interviews with 30 senior executives in the six sectors of economy selected for study. Probable locations of plants in geothermal resource areas and recommendations for geothermal resource marketing are presented.
In Denmark labor has been organized in independent but cooperating craft unions for more than a century. Within an extremely simple model of a small open economy facing imperfect competition, we analyze four different ways of organizing the labor market and show that the Danish model (partial...... centralization of the wage setting process) may be accounted for as the outcome of a two-stage Nash bargaining game, being robust in relation to changes in market conditions, and likely close to optimum from the point of view of society as a whole....
Kozhuhovskaja Raisa Borisovna
The article defines functions of advertising in tourism and effectiveness of implementation of advertising activity tourism enterprises. Are allocated specific features which related to formation of the tourist product and the main elements necessary for the implementation high–quality of the tourist product on the world market. Investigated factors trends and the constituents that determine the role of tourism in modern society under the conditions global economy. Research results in the...
Shigeto Kitano; Kenya Takaku
We develop a small open economy model with capital, sticky prices, and a simple form of financial frictions. We compare welfare levels under three alternative rules: a domestic inflation-based Taylor rule, a CPI inflation-based Taylor rule, and an exchange rate peg. We show that the superiority of an exchange rate peg over a domestic inflation-based Taylor rule becomes more pronounced under incomplete financial asset markets and more severe financial frictions.
Peculiarities of European human resource management models are determined by the specifics of EU integration, development and enlargement processes that are centred on implementation of the social model in the development of the social market economy in the European continent under conditions of intensified cohesion processes. The article reveals the impact of the changing environmen and factors determining the transformation of human resource management models on historic evolution of approc...
Bank for International Settlements
Executive summary Foreign participation in the financial sectors of emerging market economies (EMEs) increased rapidly during the 1990s. It has continued to expand so far in this decade, on balance – although its pace fell somewhat following problems in Argentina in 2002 and the global slowdown in mergers and acquisitions. While banks accounted for the majority of financial sector foreign direct investment (FSFDI), they were joined during this period by securities and investment firms. In a n...
The results of a 1991 survey of 3,152 individuals over 16 years of age in the 13 largest republics of the former Soviet Union are presented regarding ideal family size. The results suggest that a family average of 2.53 children is considered ideal, with older people selecting slightly more and younger people slightly fewer children. The author considers the impact that improving economic conditions due to the introduction of a market economy might have on ideal family size.
Full Text Available Previous research has argued that while elections motivate parties to respond to public sentiment, global economic ties reduce this responsiveness by redirecting elites from their electorates and toward market actors. In this study, we extend this work to examine the influence of globalization on party responsiveness across different forms of production-welfare regimes. Coordinated market economies (CMEs accommodate economic interdependence by striking corporatist bargains between political elites, trade union representatives, and organized business. Although these consensual relations facilitate economic stability, they also insulate policymakers from voters. Analyses that pair public opinion and party positions across 18 advanced capitalist democracies from 1977 to 2009 show that while CMEs permit political elites a wide room to maneuver under economic globalization, political parties competing in these organized market economies do not respond to public opinion. This is the case regardless of level of exposure to world markets. In CMEs, party position-taking is uninfluenced by external factors (economic globalization and domestic factors (public opinion alike. By examining the consequences for party behavior, our results raise questions about the virtues of coordinated market capitalism for the health of representative democracy.
HORDAU ANNE-MARIE ANDREEA
Full Text Available The development of the market economy did not improve the conditions of life and work of women in Romania. The socialist system tried to build a new image of the woman as a mother and a worker. However, if many women go to the university, their profession
Full Text Available The term “region” is defined. It is studied that in the conditions of modern market economy for an effective management of financial resources it is necessary providing the enterprise activities with optimal amount of these resources, their rational use, maximization of income and providing the appreciation of market enterprise value. In such conditions the issues of improvement of management of production processes, the effective use of financial, labor, and material resources become topical. The transition to the modern market economy caused the changes of all the economic system and, for the first, regional enterprises. The terms of managing the economy suffered transformations, which found an expression in the changes of ownership patterns, the terms of government control, and the tax system. The non-public sector of economy appeared as a result of reforms, modern banking system, markets of commodities, services, capital. It gives an opportunity for the reproduction on an expanded scale, the increase of enterprise profits, and the income of its proprietors. One is able to achieve this goal only under the optimal management of finances. In the modern conditions of managing the economy the control system is to be migrated to regions differing one to another in national, historical, geographical, economic and other peculiarities. A structural policy that must foresee the transition of state economy to a new resource-provided, hi-tech and economically safe model of operation is realized in Ukraine. Establishing in the country of free economic zones, where the favourable custom, currency-financial, tax and other conditions of economic activity are in force, is very promising. The territorial social-and-economic structure of Ukraine is based upon the principles of unity and integral state power, an appropriate balance of socio-economic development of separate territories taking into account historical and cultural traditions, demographic and
Full Text Available In many regions around the world the pastoral economy shifted from subsistence-oriented to a market-oriented production. Pastoral goods acquired monetary value and became a market commodity that entailed changes in the production system and in the attitude towards livestock. On the Tibetan plateau this shift did not follow a linear way. Until the 1950s, most consumption requirements could be satisfied with animal products. Economic exchange relations were essential to provide grain requirements, at least for those households who relied exclusively on animal husbandry. During the Mao era, animal husbandry was carried out in line with state targets and the produce was delivered according to central planning. In the late 1970s the transition towards a market-oriented production began. This paper discusses the recent reactions of pastoralists to the new realities in one specific area on the eastern Tibetan plateau. This shift from pastoral products to market commodities, the commercial network established as well as the market places for pastoral produce, are examined in this paper. These facts show that the pastoralists in question successfully market their produce. The research area, Dzoge county, is located on the eastern border area of the Tibetan plateau, where different ethnic groups live in proximity to each other. Grassland predominates the landscape, used by nomads as pastures for livestock breeding (yak, sheep and horses. Mobile animal husbandry and the marketing of the livestock products are decisive to guarantee the livelihood of the majority of the population.
Full Text Available In this research paper is analyzed labour market in transition economies with case study SEE countries and the main theoretical arguments for discussions are as following: the effects of education on labour market, improving labour market performance in SEE countries, structural reforms and economic policies for improving labour markets, relationship between level of education and growth on labour market. In methodology, the data is collected from international institutions and is calculated through STATA program. The main analyses include: descriptive statistic, multiple regression analysis and correlation matrix. The results of regression analysis and correlation matrix have shown that education has negative impact and negative correlation on labour market (labour market efficiency and labour market regulation. But, economic growth has shown positive impact and positive correlation on labour market (labour market efficiency and labour market regulation and all variables that are including in T-statistical analysis have shown non - significance on labour market.
Mitze, Timo Friedel; Schmidt, Torben Dall
We analyze the determinants and regional implications of internal migration flows across Danish municipalities in 2006–2012. Besides assessing the role of labor market and housing market factors in driving a region’s net migration rate, we particularly focus on agglomeration factors identified...... are indeed key drivers of internal migration flows in Denmark. That is, while we obtain mixed evidence with regard to the role of traditional labor and housing market variables, most of the included proxies for agglomeration economies such as the region’s population density, patent intensity, endowment...... with human capital as well as the region’s employment share of knowledge-intensive services are positively correlated with the region’s net in-migration rate. Regarding the regional implications of internal migration flows, the results hint at a process of cumulative causation for the time period of analysis...
Full Text Available Coffee retailers are trying to improve both their products and services and to increase their market share. Companies are both competing and developing different strategies such as issues production, R&D, business model, customers, and innovations. The aim of this study is to determine the competitive strategies in the coffee retailing aspect of the market economy. For this purpose, firstly, in this sector, the major competitors, suppliers, and customers were researched and the general structure of the sector was determined. Secondly, size of the global market, industry, and demand growth rate and the future status of the coffee retail industry were determined. Finally, the bargaining power of customers and suppliers of the sector were evaluated. According to the evaluation obtained, it was understood that coffee retailing is an attractive, large and dynamic sector. In the analysis according to the study of Porter’s five force model, important information was obtained for coffee retailing.
Full Text Available The article deals with the breeding of dairy cows in organic farming systems in the Czech Republic in the years 2010–2014, an evaluation of the organic milk production and a comparison of the production economy of organic milk and milk produced in the conventional manner. The growing popularity of organic milk is reflected in the increasing number of organic dairy farmers and thereby also in increasing production of organic milk. The sad fact is that the growth of this industry is currently driven mainly by an interest occurring in foreign countries, where organic milk can be marketed as an organic product and simultaneously it is possible to achieve a better evaluation. Although the number of businesses breeding cows and the organic milk production are growing, with regards to both scale of production and economic importance, the production of organic milk can be characterised as less important. The increase of interest in producing organic milk is primarily a matter of the production economy, which is unfavourable. The market price of milk even with aid has not covered production costs. In 2014, as estimated, the production economy of organic milk improved.
Full Text Available In paragraph 3 of its Article 3, the Treaty on European Union (TEU requires the EU to go after the goal of a highly competitive social market economy for the first time. It is noticeable in the aforementioned Treaty clause that although it deals with the EU internal market, its authors burdened it with a mission that is far more socially-oriented than market-oriented. However, is „a highly competitive social market econo-my“ of today a meaningful goal and does the EU in its present form have the project and powers to achieve such an objective? The paper is a combination of economic and legal -political analysis through which the authors try to answer three main questions: What is the contemporary meaning of the term “social market economy” in the both economic and EU-law academic theory? Can the EU within the powers conferred to it positively fulfill such an objective, or can it just approach it by weakening the still pre-vailing tendency towards liberalization and deregulation brought about by the construc-tion of the EU internal market and by the promotion of its freedoms?
Voors, M.J.; Haese, D' M.F.C.
The rural economy of the Former Yugoslav Republic of Macedonia has been adapting to new economic and political realities. Especially important for rural areas has been the breakdown of the socialist market structure in agriculture, which meant the demise of cooperative structures and farmers gaining
Any decision process requires information about the past and present state of the system, but in an economy acquiring data and processing it is an expensive and time-consuming task. Therefore, the state of the system is often measured over some legal interval, analysed after the end of well defined time periods and the results announced much later before any strategic decision is envisaged. The various time delay roles have to be crucially examined. Here, a model of stock market coupled with an economy is investigated to emphasise the role of the time delay span on the information flow. It is shown that the larger the time delay the more important the collective behaviour of agents since one observes time oscillations in the absolute log-return autocorrelations.
This book is a comprehensive collection of key scholarship on informality from the whole post-socialist region. From Bosnia to Central Asia, passing through Russia and Azerbaijan, the contributions to this volume illustrate the multi-faceted and complex nature of informality, while demonstrating...... the growing scholarly and policy debates that have developed around the understanding of informality. In contrast to approaches which tend to classify informality as ‘bad’ or ‘transitional’ – meaning that modernity will make it disappear – this edited volume concentrates on dynamics and mechanisms...
drs Petra Driessen
In dit rapport is verslag gedaan van explorerend onderzoek naar de geldigheid van de opleidingscompetenties van Commercieel Management, bij een overgang van lineair naar circulair economisch model. Daarbij is vooral gezocht naar de eventuele gevolgen op het gebied van de marketingfunctie (marketing,
Full Text Available This paper provides the first evidence for empirical tests of the impact of rational expectations as well as behavioral biases, including among other animal spirits such as defined by Akerlof and Shiller on the variability of trading. Using a daily data for five international capital markets in developed countries, strong evidence is found. The hypothesis of rationality fails to determine the investors’ trading behavior. The economy is, however, driven by behavioral biases, including more especially animal spirits summarized in investors’ sentiments and beliefs.
This article examined the exchange rate managements in the crisis-experienced emerging market economies after the 1990s. First, we found that the exchange rate flexibility has increased from the pre-crisis period towards the post-crisis period under the “soft peg” regime. Second, we identified a structural change in the factors for determining a reference rate in exchange rate management from the pre-crisis period to the post-crisis period. Third, we found that East Asian countries, in their ...
Holtemöller, Oliver; Mallick, Sushanta
This paper investigates a perception in the political debates as to what extent poor countries are affected by price movements in the global commodity markets. To test this perception, we use the case of India to establish in a standard SVAR model that global food prices influence aggregate prices and food prices in India. To further analyze these empirical results, we specify a small open economy New-Keynesian model including oil and food prices and estimate it using observed data over the p...
Scott, Janelle; Holme, Jennifer Jellison
The authors situate the emergence and effects of contemporary market-based reforms within a framework of urban political economy that centers on racial inequality. They discuss how and why market-based reforms have evolved alongside racialized political and economic trends that have transformed cities over the past century, and they critically…
The unification of the two German states within a relatively short period of time now appears inevitable. Yet there is no historical precedent for a successful transformation from a socialist to a market economy. Doubts have been voiced by some as to whether such a transformation is possible. The following article compares the situation facing the GDR today with that facing the Federal Republic in 1948 and examines the conclusions to be drawn from this comparison.
Full Text Available The article deals with the fundamental methodological and theoretical ideas of market economy. The logical core of the market economy (ME and its functioning is briefly described. From these logical bases of ME basic principles of its right functioning are deduced and from there is deduced how the contemporary practice of ME and market society disturbs, subverts these principles. The consequence of such disturbing of the logical core of the ME could be its partial and even total collapse. The current financial and economical crisis is a warning example. It is necessary to implement and to restore in practice fundamental principles of market economy in order to resort present crisis and to avoid future great - even fatal risks. And this will be mainly the role of the states and international institutions.
Full Text Available Main purpose of this research paper is to show the recent trends of labour market issues regarding gender inequality in the countries that are still in the transition to the market oriented economy. Transition to competition has effected in increasing the level of unemployment to economically active population, with the higher consequence for females than for males, from which some females have left labour market and they became inactive in job searching. In this paper we analyze and compare gender gaps through the main components of labour market trends as level of education, active participation in labour market, occupational segregation, employment and unemployment for both genders of the countries that are still in transition like Albania, FYR of Macedonia and Kosovo in comparison with EU countries. Given that closer are these countries in joining the EU; higher are the requirements for increasing the level of employment targets and in approving and implementing social policies on gender equality in labour market according to the EU legislations. Methodology used in this paper is through case studies by using secondary data from the most recent labour force surveys (LFS of transition countries in South East Europe and comparing them with the EU targets. Also regarding occupational segregation by gender the Duncan & Duncan Index is calculated. The study shows that depending on the stages that countries are in transition earlier or latter, the labour market components regarding gender are more comparable and closer with the targets of the EU countries, and that occupational segregation is higher in the transition countries where the unemployment level of females is in the higher range.
Xi, Ning; Ormerod, Paul; Wang, Yougui
In the market economies, sustained output growth is always accompanied by persistent fluctuations. Whether the fluctuations are caused by external shocks or deterministic forces has been a controversial issue in economics, with the dominant mainstream paradigm favouring the former. Here we examine the hypothesis that an important determinant of periods and sizes of expansion and recession is the constructive and destructive effects of innovations and the consequent chain reactions. We show that an evolutionary two-dimensional Bak-Sneppen model is able to generate results which are very similar to the empirical fluctuations which we observe in GDP dynamics of OECD countries. The finding provides a different framework for understanding aggregate market dynamics from that of conventional economic theory.
Full Text Available Poverty is a universal phenomenon which does not go well with the progressive 21st century and hence the worldwide efforts to overcome the problem. At the beginning of the 21st century (2002, the late professor C.K. Prahalad had propounded a path breaking theory of poverty alleviation called the bottom of the pyramid business theory, which is not only making MNCs investments (FDI in underdeveloped countries and promoting their growth and employment generation and increase in incomes and thereby consumption and expenditure but also producing goods and services needed by the poor households at the bottom of the economic and business pyramid. The paper is devoted to the consideration of the theory in the emerging market economy of India where poverty is a biggest problem and the situation is not found significant for the BOP business. Can there be a market solution to it?
Power, Thomas Michael
The Northwest Forest Plan in the Pacific Northwest sought to stabilize local economies, including local employment and income, by stabilizing the flow of wood fiber from public forests. This is also a common forest management objective in other regions and countries. Because this economic strategy ignores basic market adjustments, it is likely to fail and to unnecessarily damage forest ecosystems. Application of basic economic principles on how markets operate significantly changes the apparent efficacy of efforts to manage local economies by managing timber supply. The emphasis on timber supply tends to ignore the dominant role that the demand for wood fiber and wood products, rather than wood-fiber supply, plays in determining levels of harvest and production. Contemporary economics indicates that markets tend to operate to offset reductions in wood-fiber supply. This significantly moderates the economic cost of reducing commercial timber harvest in the pursuit of environmental objectives. In addition, contemporary economic analysis indicates that the economic links between natural forests and local communities are much broader than simply the flow of commercially valuable logs to manufacturing facilities. At least in the United States, the flow of environmental services from natural forests has increasingly become an amenity that has drawn people and economic activity to forested areas. Attractive site-specific qualities, including those supported by natural forests, can potentially support local economic development even in the face of reduced timber harvests. These market-related adjustments partially explain the Northwest Forest Plan's overestimation of the expected regional impacts associated with reduced federal timber supply and the ineffectiveness of the plan's efforts to protect communities by stabilizing federal timber supply
Kephart, J O; Hanson, J E; Sairamesh, J
One scenario of the future of computation populates the Internet with vast numbers of software agents providing, trading, and using a rich variety of information goods and services in an open, free-market economy. An essential task in such an economy is the retailing or brokering of information: gathering it from the right producers and distributing it to the right consumers. This article investigates one crucial aspect of brokers' dynamical behavior, their price-setting mechanisms, in the context of a simple information-filtering economy. We consider only the simplest cases in which a broker sets its price and product parameters based solely on the system's current state, without explicit prediction of the future. Analytical and numerical results show that the system's dynamical behavior in such "myopic" cases is generally an unending cycle of disastrous competitive "wars" in price/product space. These in turn are directly attributable to the existence of multiple peaks in the brokers' profitability landscapes, a feature whose generality is likely to extend far beyond our model.
Povoroznyuk Inna M.
Full Text Available The article considers theoretical issues of formation of the labour reimbursement institute in the market economy. It proves that functioning of the labour reimbursement institute identifies proportions of distribution of the total amount of expenditures on labour reimbursement between different professional and qualification groups of workers. Also, functioning of the labour reimbursement institute significantly influences proportions of distribution of income between owners of the means of production and hired labour, although, to a big extent, this institute is adapted, on the one hand, to the existing in the society forms of resolution of contradictions, inherent in means of production ownership relations, and, on the other hand, to the situation in a relevant labour market segment. However, the labour reimbursement institute itself significantly influences realisation of interests of employees and employers. The article states that wages in the modern economy should be understood as an incomplete labour reimbursement – the entrepreneur spends on an employee not only the sum of wages, but also uses other forms of resource provision of the processes of acquisition of certain benefits by the enterprise employees.
China and the Former Soviet Union have both undergone substantial political and economic change in recent years as they began the transition from planned to more liberal market economies. The approaches to market liberalization in Russia (privatization in the minimum time) and China (gradual liberalization of prices and slow withdrawal of agricultural subsidies) were quite different. This paper examines some of the health implications associated with these changes, particularly in relation to the increasing burden of diet-related chronic diseases. The changing patterns of tobacco and alcohol use, increase in sedentary lifestyles and increased consumption of non-traditional, energy-dense processed foods, high in salt, fat and sugar are examined, as are the strategies used by foreign direct investors in these emerging markets to ensure market penetration, to gain a fuller understanding of how children and adults' choices of food are being influenced as a result of these socioeconomic changes. Some of the threats and opportunities facing Chinese and foreign food producers in these new conditions are assessed. It is suggested that to ensure successful prevention of future diet-related chronic diseases in such rapidly changing conditions, there needs to be a move beyond reliance solely on health education programmes and individual or local community-based interventions. A series of strategies involving multiple stakeholders should be considered as options for intervention.
Full Text Available The article deals with the optimization of the structure of financial resources of industrial enterprises in the market economy mechanism. The slowdown of the Russian economy force companies to promote more accurate system financial planning its activities. In modern economic conditions the company's performance is largely dependent on the ability of management to more accurately predict financial flows, as well as more accurately predict the financial and human resources to ensure solvency of the enterprise, thus more competent to form the strategy of development of the organization.Goal / task. The aim of the article the search for the optimal structure of financial resources of industrial enterprises in the market economy mechanism and to develop proposals for the sustainable development of the enterprise. The task of this article is to investigate the structure of financial resources of the enterprise, in a deteriorating economic situation that must be considered in the sustainable development of industrial enterprises.Methodology. In conducting this study the main sources of the original data were the materials of the state statistics, the works of famous economists. The basis of the methodological developments based on comparative methods of analysis.Results. Given the concept of optimizing the structure of financial resources of the industrial enterprises. It shows the influence of external and internal factors affecting the stability of the industrial enterprises. Highlighted the impact of the economic situation on the role of these factors.Conclusions / significance. In the current economic conditions of the state and the new economic realities, it is necessary to focus to industrial enterprises to conduct an effective economic policy, thereby improving the financial stability of the enterprise.
M. Raquibuz ZAMAN
Full Text Available The sub- prime mortgage crisis of the summer of 2007 was the first salvo of the impending global meltdown of the financial markets. This study presents a brief review of the factors that led to the collapse of the financial markets and the magnitude of the damage it caused around the globe. It then discusses the measures that need to be taken to stabilize the markets and to create conditions for the resumption of growth. It examines the prospects for financial markets recovery and economic growth in the emerging economies of Asia, Europe and Latin America, with a special reference to BRIC countries, Turkey, and the Middle East. It emphasizes the linkages between nations’ economies and asserts that economic growth cannot be sustained by individual or block of countries, without an overall global effort, to reign in greed and unethical conduct by the operatives of financial markets
Onafalujo Akin k.
Full Text Available The killer risk in any pension scheme is the failure of pension asset sufficiency to meet the promised benefits to retirees. A Pension Risk Management aims at ex ante arrangement to protect retirees’ standard of living. Nigeria introduced pension reforms in 2004 fatefully at the same time when extensive reforms were made in the banking sector. Prior to the Act being passed, there was a major proposition that pension funds should not be invested in Nigerian capital market. This paper reviews pension risks of the new DCS (Defined Contributory Scheme and the implications of investing pension fund in the capital market of a developing economy. A trend analysis was performed on market index and capitalization and a simulated pension asset was subjected to pension risks. Despite the asset allocation guideline on investments by the Pension Commission, there is certainly uncertainty concerning guaranteeing pension payments in future due to unmanaged pension risks. This paper suggests investment policy should accompany a DCS based on the risk appetite of workers, minimum guarantee of returns on investment of pension assets and a range of interest rates for actuarially determined annuities. Further studies may examine wither PFAs should operate as closed end or open end mutual funds.
Sornette, Didier; Zhou, Wei-Xing
Previous analyses of a large ensemble of stock markets have demonstrated that a log-periodic power law (LPPL) behavior of the prices constitutes a qualifying signature of speculative bubbles that often land with a crash. We detect such a LPPL signature in the foreign capital inflow during the bubble on the US markets culminating in March 2000. We detect a weak synchronization and lag with the NASDAQ LPPL pattern. We propose to rationalize these observations by the existence of positive feedback loops between market-appreciation/increased-spending/increased-deficit-of-balance-of-payment/larger-foreign-surplus/increased-foreign-capital-inflows and so on. Our analysis suggests that foreign capital inflow has been following rather than causing the bubble. We then combine a macroeconomic analysis of feedback processes occurring between the economy and the stock market with a technical analysis of more than 200 years of the DJIA to investigate possible scenarios for the future, three years after the end of the bubble and deep into a bearish regime. We conclude that the low interest rates and depreciating dollar are the indispensable ingredients for a lower sustainable burden of the global US debt structure and for allowing the slow rebuilding of an internationally competitive economy. This will probably be accompanied by a weak stock market on the medium term as the growing Federal deficit is consuming a large part of the foreign surplus dollars and the stock market is remaining a very risky and unattractive investment. Notwithstanding strong surge of liquidity in recent months orchestrated by the Federal Reserve, this macroeconomic analysis which incorporates an element of collective behavior is in line with our recent analyses of the bearish market that started in 2000 in terms of a LPPL “anti-bubble”. We project this LPPL anti-bubble to continue at least for another year. On the short term, increased availability of liquidity (M1) and self-fulfilling bullish
Full Text Available Tourism in the former socialist countries can be best characterised as a rollercoaster ride since the regime change around 1989-1990. After the changes they lost their appeal for the ‘Western’ tourists and also a large share of visitors from the socialist countries as it became possible to travel to countries beyond the ‘friendly’ countries. The social tourism schemes operating in these countries have been abandoned or changed. The EU accession has helped to revive tourism and roughly at the same time the introduction of low cost airlines opened new markets for the former socialist countries. The introduction of the Euro has impacted on the tourism of some of these countries as they have temporarily become cheaper or more expensive than other (neighbouring countries. This paper will focus on the factors that have had an impact on the competitiveness of Hungary, Poland, Bulgaria and Romania.
Full Text Available Peculiarities of European human resource management models are determined by the specifics of EU integration, development and enlargement processes that are centred on implementation of the social model in the development of the social market economy in the European continent under conditions of intensified cohesion processes. The article reveals the impact of the changing environmen and factors determining the transformation of human resource management models on historic evolution of approches to management of people. In addition, it determines links between transformation of human resource management models and the EU development stages as well as proposes guidelines for the development of promising socially centred human resource management models in response to challenges faced by the European social model under the conditions of cohesion processes. The conceptual study is performed using literature analysis and synthesis, theoretical modelling, metaanalysis and interpretation techniques. Insights were drafted using the systemic holistic approach and graphic modelling.
Full Text Available The Syrian civil war resulted in mass migration out of Syria into the neighboring countries. Turkey has received the greatest number of refugees from Syria. The Syrian refugees mostly initially settled in refugee camps in Southeastern Turkey. As the Syrian conflict intensified and lengthened, the number of Syrian refugees in Turkey increased and the Syrian population started to reside in the neighboring provinces and started to have important effects on the local economy. In 2016, Syrian refugees were allowed to receive work permits and they became more dispersed geographically. This paper investigates the impact of Syrian refugees on regional labour markets. Panel data for the years 2004 through 2016 is utilized for 26 regions in Turkey. Syrian refugees are found to increase unemployment and decrease informal and formal employment.
Full Text Available The first step in forming a market economy with privatization is necessary and radical changes in the institutional system. In the sport as well as any activities, privatization is a process of transformation of state ownership to private ownership in order to increase economic efficiency, utilization of available resources with the aim of encouraging economic development. The authors emphasize adoption as key institutional preconditions for the transformation of ownership in sports organizations, gives overview of various models of privatization in the surrounding countries. The aim of this paper is the analysis of potential problems, depending on the ownership structure, which is the result of the privatization process. Sports organizations should know in advance the advantages and disadvantages of different ownership structures, so that in the process of restructuring the chosen one that will ensure the realization of the priority goals.
Luz Marilyn Ortiz Sánchez
Full Text Available This article is an important part of the doctoral thesis topics “Configuration of the semiotics of the chat: a multimodal view”, in which the reflection on the media and the means of production ownership is proposed, from the relationship between the users of electronic devices and the virtual – real ownership consequences, bearing in mind that the cloud production relation and the electronic interaction bring about a series of epistemological implications characterized by the virtuality whose market and process of interaction is the web. This interaction allows a straight relationship with the research about the chat in a cyberculture world and specifically the chat as an emergent language, since the relationship between the language and the culture, the language and the knowledge and the most relevant one, the language and the economy, from a production system point of view, are a way to understand the symbolic products of the current society
Full Text Available The Socialist Yugoslav Federation established from 1951 to 1990 introduced the so-called system of “social ownership”. While in the system of planned economy, private property was negated from “means of production”, in the economic system of self-management of workers (Yugoslav Federation an object (thing that was in social property had no owner. In Yugoslavia, from 1974- 1990, the “Basic organization of associated labor” was the institution which met the needs of the economic system of self-management and social property. The “Basic organization of associated labor” was defined in Article 14 of the Yugoslav Constitution from 1974 as “a workers union, in which workers fulfill directly or equally their social-, economic- and self-administering rights, and decide on issues dealing with the socio-economic situation of the organization”. Based on Article 463 of the law “On associated labor” from 1976, this organization consisted of the Council of Workers, which was also the central- and the decision-making body responsible for all economic-, financial-, and administrative issues. The Executive Council was the executive body of this organization and the Council of Directors was the Supervisory Board talking in the definitions of commercial legislation (Höcker-Weyand, 1980, 81. In this sense, main objective of this article is to analyze the Yugoslav socialist economic system in a legal-, socio-, economic approach
Humphrey, David B.; Setsuya, Sato; Masayoshi, Tsurumi; Vesala, Jukka M.
Some payment arrangements are more efficient in promoting economic growth in a market-based economy. The payment experience of industrial countries is diverse enough to identify those payment arrangements that provide the infrastructure for sustained growth and the emergence of market-based enterprise. Based on the historical experiences of Europe, Japan, and the United States, a number of Country attributes have led to the intensive use of different payment instruments and a different mix of...
Locatelli, C.; Finon, D
Privatisation is at the heart of the structural reforms for economies in transition. In theory, the main aim of privatisation is to change the structures of corporate governance in order to improve the efficiency of the enterprises and to assure their long-term future in a competitive environment. The adoption of formal market institutions would be sufficient to secure the new property rights, in particular because the new holders of the rights to control assets would have a great incentive to encourage the definition of new judicial rules that would guarantee their rights of ownership. In Russia that did not happen. The paper discusses the narrowed vision of institutional change, without consideration of the previous environment of formal and informal institutions, and the need to put together the institutional infrastructure that is needed for the market institutions to function. It offers explanations of the 'unexpected' results of the reforms in a capital-intensive natural resource industry, namely the hydrocarbons industry characterized by the opportunity of rent extraction by the exportation. It demonstrates right holders' interest for the weakness of the 'rule of law'. It demonstrates that the incompatibility of these institutions with the initial informal and formal institutions has led to adaptations that are strongly path-dependent, under the need to preserve a minimum of inter-industrial coherence. (authors)
Full Text Available "Too big to fail" and "systemically important" are catch phrases in current debates about the relation between democracy and the market economy. It is characteristic of this relation that certain questions do not even enter the political agenda partly because of the size of economic agents. For key actors in the financial sector like big banks or pension funds are what has been referred to as "too big to fail" or "systemically important", meaning that their behavior can pose a long-term threat to the economic system. Contrary to neoliberal theory, these actors are unable to establish a regulatory regime for guaranteeing the collective good of a functioning financial market system. Unlike a democratic state, they are not "systemically important", meaning "being important for the preservation of a system’s functions". A democratic state’s capacity to rescue financial institutions by levying taxes depends on the loyalty of the citizens. In order to secure this systemically important civic loyalty, it is necessary to limit the role of citizens as economic actors. This limitation is only one kind of establishing boundaries. Boundaries disrupt chains of causality. The reasons for and against boundaries as suitable means to rescuing and enabling democratic politics should be discussed more intensively.
Lawrence Mpele Lekhanya
Full Text Available The purpose of this paper is to report on the use of e-commerce an instrument of governing SMEs’ marketing strategy in an emerging economy. The study aimed to assess and critically discuss various factors influencing the use of e-commerce as an instrument of governing SMEs marketing strategy and identify the extent to which SMEs owners/managers perceived e-commerce to be important to their businesses survival and growth. A mixed method approach allowed for qualitative and quantitative techniques in collecting data from targeted respondents, with primary collected from rural areas of an emerging country. The research instrument consisted of closed-ended questionnaires made up of 5-point Likert scale responses were distributed to each respondent. The research findings indicate that most respondents believed that the use of e-commerce is motivated by the cost saving and other financial factors in the form of benefits for the customer. In addition, large number of respondents disagreed that the use of e-Commerce has changed their consumer buying behaviour. The paper’s benefit will be to the owners/managers SMEs as well as policy makers and financial agencies for SMEs
Full Text Available News. The globalization process has been accelerated by the explosion of information technologies entering into the work of social, production and education enterprises. Thus, in terms of systemic approach, the company is not a production of goods or services tailored to market requirements, but is equally an information unit producing knowledge. Purpose. The fundamental feature of these processes is applied once that the primary element of information processing is generated always in the information system, the information processed and interpreted in its final form as a resource of the management system. Methods. The article exposed the theoretical and methodological organization of information system of market relations and the role of information as a valuable element of business processes. Results. In the modern knowledge-based economy, increasing information needs at all levels of economic units that generate the emergence of new information products, enhancement of the productive resource and service information and transporting it by modern computerized channels.Information as a productive resource and service as the raw material for creating an active instrument of scientific management and virtual education in Moldova.
Full Text Available The economic context has a strong impact on the insurance sector. On the one hand, the decisions related to sector regulation could influence the life of the insurance companies. On the other hand, taxes and other measures that may affect purchasing power, economic instability represent a threat. It is a fact that insurances are products that customers and companies access them when economic conditions are predictable and budgets could be accurately predicted. The paper mainly analyzes in terms of indicators, the impact of the economy on the insurance sector. We are talking about the interrelationships between Gross Written Premiums (the insurance "Budget" and some macroeconomic indicators characterizing the Romanian economy, such as Gross Domestic Product, net average earnings, the average number of employees etc. Statistical analysis is performed for a 12-year period during 2002-2013. This analysis is based on official statistics published by the National Institute of Statistics, the National Forecasting Commission and the National Bank of Romania. The methodology consists of correlation and regression analysis. Of the variables used in the study we mention: Gross Domestic Product, the number of employees, employment, net average earnings, the activity rate of the working age population (15-64 years, non-governmental domestic credit. The analysis of correlation between the studied variables reveals that is a strong correlation between Gross Written Premiums and GDP, the number of employees, average earnings and non-government domestic credit.. Thus, economic growth, rising incomes, the increasing number of employees and facilitating credit conditions could be some elements that would lead to sustainable growth of the insurance market.
I O Tiurina
Full Text Available The article is devoted to identifying and analyzing the factors which intensify migration to the RF and are conducive to expanding the practice of using foreign labor force, characteristic of employment in today's Russian economy. Special attention is given to the history and peculiar features of the formation and development of the current national labor market, as well as to its specific nature, resulting in the need to bring in workers from abroad. The authors point out that today the situation in the labor market in post-reform Russia is characterized by a number of negative trends in the sphere of forming labor resources, which can be overcome, among other things, by importing foreign workers. The authors also assess the economic and social effects of the presence of foreign labor migrants in the Russian labor market on the country's economy and society as a whole. Views on migration and migrants typical of Russian citizens are considered and analyzed.
Full Text Available This paper studies the Czech economy before, during and after the economic crisis. Consequences on the labour market, respectively on unemployment are also discussed in the paper. According to most economists the cause of the economic crisis was the financial crisis which was triggered by a liquidity shortfall in the United States banking system. It has resulted in the collapse of large financial institutions, the “bail out” of banks by national governments and downturns in stock markets around the world. Real gross domestic product decreased in almost all EU countries including the Czech economy. Massive drop of gross domestic product led to increase in the unemployment rate. The purpose of this paper is to contribute to discussion about consequences of this crisis. The paper provides also an analysis of gross domestic product and its components. The empirical analysis also tried to answer the question if it is more a return to steady–state than the deterioration of economic performance in the case of the Czech economy. In other words, it means that economic performance of the Czech economy was above the level of potential output. Research in this study is based on basic macroeconomic quarterly data between the years 2000 and 2010 which were published by the Czech Statistical Office and Eurostat. We found out that the Czech labour market had to cope with the consequences of the economic crisis and now it is going to reach a long-term equilibrium.
Portes, Alejandro; Sassen-Koob, Saskia
This paper examines the informal economy and its relationship to commonly held theories of industrial development. Evidence is presented which contradicts the prevailing assumption that informal economies will disappear with the advance of modern industrial growth. (Author/JDH)
Molina, Gloria; Ramírez, Andrés
To present the conflicting moral issues that arise in clinical and administrative decision-making processes in Colombia's General Health Social Security System (SGSSS). A study was conducted between 2007 and 2009 in six Colombian cities (Barranquilla, Bogotá, Bucaramanga, Leticia, Medellín, and Pasto) using a theory-based qualitative methodology. A total of 179 in-depth interviews were held with physicians, nursing personnel, and administrators with broad experience in the health sector, as well as 10 focus groups representing users and leaders of community organizations involved in health. The interviews, which followed a predetermined script and used semistructured questions, gathered personal and professional information from the respondents. The health care decision-making process in Colombia is seen from two different moral perspectives: the rentier, or profit-making, motive, characterized by a neoliberal view of the market economy (the practical perspective), and the constitutional axiology of social democracy (the regulatory perspective). It was found that the utilitarian and individualistic motive predominates, in which individual and business profits are promoted over the collective interest, and this trend favors practices that undermine the rights of people and the community. Predominance of a morality that views the Colombian SGSSS in terms of the market model generates conditions that go against the principles and values that are supposed to guide the health system as guarantor of the right to health and human dignity. Health decisions should take into account not only technical and scientific criteria but also the principles and values involved, and consideration should be given to safeguarding them.
Torres-Olave, Blanca M.
The present study examined the extent to which the U.S. STEM labor market is stratified in terms of quality of employment. Through a series of cluster analyses and Chi-square tests on data drawn from the 2008 Survey of Income Program Participation (SIPP), the study found evidence of segmentation in the highly-skilled STEM and non-STEM samples, which included workers with a subbaccalaureate diploma or above. The cluster analyses show a pattern consistent with Labor Market Segmentation theory: Higher wages are associated with other primary employment characteristics, including health insurance and pension benefits, as well as full-time employment. In turn, lower wages showed a tendency to cluster with secondary employment characteristics, such as part-time employment, multiple employment, and restricted access to health insurance and pension benefits. The findings also suggest that women have a higher likelihood of being employed in STEM jobs with secondary characteristics. The findings reveal a far more variegated employment landscape than is usually presented in national reports of the STEM workforce. There is evidence that, while STEM employment may be more resilient than non-STEM employment to labor restructuring trends in the new economy, the former is far from immune to secondary labor characteristics. There is a need for ongoing dialogue between STEM education (at all levels), employers, policymakers, and other stakeholders to truly understand not only the barriers to equity in employment relations, but also the mechanisms that create and maintain segmentation and how they may impact women, underrepresented minorities, and the foreign-born.
Full Text Available Compared to Western European or North American countries with developed market economies, the formation and acceptance of brownfields in post-socialist countries was delayed by approximately 30 years. For the Central European and partly Eastern European countries, the fall of the Iron Curtain and the transition after 1989 from a planned and state-controlled economy towards a market economy was unique for its time consistency. Yet, it was also specific for the distinct statuses of main sectors of national economy of individual countries, which got hugely manifested during the formation of spatial and functional connections concerning the problems of brownfields of all types (post-industrial, post-agricultural, post-military etc.. In the Czech Republic, there is a long history of industry; from the middle of the 19th century (the boom of the Industrial Revolution, it was regarded the most industrially developed country of Central and Eastern Europe. The massive deindustrialization of the 1990s caused increased concentrations of brownfield localities, with the local people and public administration becoming more familiar with them, and it also led to initial efforts for their systematic regeneration. The cities of Brno and Ostrava (Czech Republic, as well as other big cities in the Central European area, are typical examples for their finished intensive process of deindustrialization. Yet, regarding their economic preferences, and thus the existence of brownfields, they are highly distinct – in Brno there are more textile and engineering companies together with military and agricultural facilities; in Ostrava abandoned coal mining and metallurgical industry sites prevail. From the perspective of humangeographical methods and approaches, this contribution deals both with the functional-spatial consequences of brownfield existence in urban space, as well as with the results of research focused on the perception of the given issues by the residents
Nair, Manisha; Webster, Premila
About a third of the countries affected by shortage of human resources for health are the emerging market economies (EMEs). The greatest shortage in absolute terms was found to be in India and Indonesia leading to health system crisis. This review identifies the patterns of migration of health workers, causes and possible solutions in these EMEs. A qualitative synthesis approach based on the 'critical review' and 'realist review' approaches to the literature review was used. The patterns of migration of health professionals' in the EMEs have led to two types of discrepancies between health needs and healthcare workers: (i) within country (rural-urban, public-private or government healthcare sector-private sector) and (ii) across countries (south to north). Factors that influence migration include lack of employment opportunities, appropriate work environment and wages in EMEs, growing demand in high-income countries due to demographic transition, favourable country policies for financial remittances by migrant workers and medical education system of EMEs. A range of successful national and international initiatives to address health workforce migration were identified. Measures to control migration should be country specific and designed in accordance with the push and pull factors existing in the EMEs.
Full Text Available Background: With the occurrence of the crisis in 2007, which caused the largest economic contraction since the Great Depression in the thirties, it has become evident that the previous understanding of strategies, effects and roles of monetary and fiscal policy should be redefined. Objectives: The aim of this paper is to illustrate a possible expected change in monetary and fiscal policy in developed market economies that could occur as a consequence of the Great Recession. Methods/Approach: The paper provides a comparative analysis of various primary economic variables related to the developed OECD countries, as well as the empirical testing of the selected theoretical assumptions. Results: The changes in monetary policy refer to the question of raising target inflation, considering a possible use of aggregate price level targeting and paying attention to the role of central banks in suppressing the formation of an asset bubble. The success of fiscal policy in attaining stabilization depends on the size of possible fiscal measures and creation of automatic stabilizers. Conclusions: For the most part, monetary and fiscal policies will still stay unchanged, although some segments of these policies need to be improved.
Noor Azlinna Azizan
V. van der Weerden (Victor)
textabstractDuring the last quarter of the twentieth century, many analytical Marxists contributed to the revival of the debate concerning the relationship between Marxism and morality. One such attempt made by Ziyad Husami (1978) was to derive a ‘socialist principle of justice’ from Marx’s
planning to achieve better vitality and viability for the city as a whole. Subsequently, the research examined successful initiatives for the promotion of urban design on a national and local level of the planning process identifying the most important issues affecting city design in the market economy, such as partnership arrangements, joint ventures and city-entrepreneurs. The paper briefly discusses: salient features of the current planning system in Slovenia and the on-going changes relating to the new approaches to town planning; the proposed method for appraisal and promotion of design quality and economic viability of urban environment; the results of the examination of this method applied to a case study - the renewal of an industrial site in the city centre of Ljubljana.
Full Text Available The reform and development of the financial sector was one of the most significant challenges that the former socialist countries faced during their transition to a market economy. At the start of this transition, their financial system was underdeveloped and centralised (monobank, where the central bank of each economy also functioned as a commercial bank. The restructuring, integration and development of the financial sector to enhance viability and enable it to respond to new demands was imperative, particularly for economic growth and the convergence of these economies with the developed economies of the region. This process of financial integration suffered a powerful shock with the economic crisis transmitted to the region in 2009. The initial aim of this paper is to highlight the problems created after the global economic crisis affecting the financial institutions of the former socialist countries of South-eastern Europe, as well as the problems that already existed, though not apparent, and were nevertheless exacerbated by the outbreak of the crisis. An attempt to investigate the role of the financial sector, dominated by the banking sector, follows, with regard to achieving macroeconomic equilibrium among the economies of the countries in the region and the potential for sustaining it in future as part of a path to growth. To fully satisfy this goal, we propose that it is preferable to avoid a linear approach to the issue, abandoning equilibrium theory to adopt an analysis inspired by the method of cumulative causation, based on the work of Nicholas Kaldor. Our analysis allows us to postulate that, in a post-crisis period, conditions prevail for the potential appearance of future structural impasses of a cumulative nature, which could lead to a systemic crisis and leave the development process of the region's economies exposed.
Hultman, Nathan E., E-mail: email@example.com [University of Maryland, School of Public Policy, 2101 Van Munching Hall, College Park, MD 20742 (United States); Joint Global Change Research Institute, Pacific Northwest National Laboratory, 5825 University Research Court, Ste 3500, College Park MD 20740 (United States); Pulver, Simone [University of California at Santa Barbara, Program in Environmental Studies, Santa Barbara, CA 93106 (United States); Pacca, Sergio [University of Sao Paulo, School of Arts, Sciences, and Humanities (Brazil); Saran, Samir; Powell, Lydia [Observer Research Foundation, New Delhi (India); Romeiro, Viviane [University of Sao Paulo, Electrotechnical and Energy Institute, Sao Paulo 0536020 (Brazil); Benney, Tabitha [University of California at Santa Barbara, Department of Political Science, Santa Barbara, CA 93106 (United States)
While policy experiments targeted at energy and innovation transitions have not been deployed consistently across all countries, market mechanisms such as carbon pricing have been tested over the past decade in disparate development contexts, and therefore provide some opportunities for analysis. This brief communication reports on two parallel workshops recently held in Sao Paulo, Brazil and New Delhi, India to address questions of how well these carbon pricing policies have worked in affecting corporate decisions to invest in low-carbon technology. Convening practitioners and scholars from multiple countries, the workshops elicited participants' perspectives on business investment decisions under international carbon markets in emerging economies across multiple energy-intensive sectors. We review the resulting perspectives on low-carbon policies and present guidance on a research agenda that could clarify how international and national policies could help encourage both energy transitions and energy innovations in emerging economies.
On the basis of Marx and Engels' prediction and thesis of scientific socialism, socialist China, the most populous nation in the world, is the 1st to have realized the planned management of population reproductive in the history of mankind, thus giving an answer to the problem in practice. This paper makes a tentative exploration of such a necessity in socialist family planning. Engels points out that 1) under private ownership, population reproduction takes class antagonism as the basis, while public ownership of the means of production eradicates it; 2) in capitalist society, the reproduction of the labor force is commodity reproduction--public ownership of the means of production can be divorced from the domain of commodity; and 3) under private ownership, population reproduction is purely the private business of an individual or a family whose economic benefit forms the motive force of population reproduction--public ownership liberates it from one's personal gains making it a public affair. The great significance of family planning to economic development can be recognized as production, consumption, and accumulation. Taking family planning as the basis for the reproduction plan of the labor force is the guarantee of realizing the material production plan. Family planning reflects the trend of the structure and change of consumer requirements and provides the direct and indirect objectives of various items of material production planning; it provides the objective basis for social accumulation and the arrangement of expanding reproduction. 3 conclusions are derived: 1) the building up of the public ownership of the means of production affords man the possibility to regulate the production of matter as well as man, 2) the characteristics of the planned development of a socialist national economy demands the planned production of man, and 3) family planning and the development of a socialist economy demand their mutual congruence.
Terzi, Nuray; Gokce, Cemre
The aim of this study is to investigate thedevelopment of e-commerce and the impact of marketing strategies in e-commerceon economy. Economic indicators is used and and questionnaire method is appliedto analyze the development of e-commerce and the impact of marketing strategiesin e-commerce on economy. Results show that e-commerce is gaining a momentum inthe world and Turkey as well, and e-marketing strategies are positively relatedon economy, both macroeconomic and microeconomic. E-commerce...
Full Text Available The article explores the issues related to the institutional and financial infrastructure based on the scientific achievements of the neoclassical economy. The specific features of the concept of "institutionalization" are substantiated. The initial interpretation of the interpretation of institutions is revealed. Conceptual approaches to the study of the concept of “institutionalization” and “institute” in the insurance services market are defined. The attention to the galaxy values provided by the notion of an institution or organization. Key words: institutionalization, institute, organization, market of insurance services, insurance culture.
The purpose of this thesis was to identify the new marketing mode in the consuming products industry and to discuss its feasibility to apply the emerging marketing mode into other industries or countries. The new marketing mode is called the “Fans economy” marketing mode. The objectives of the thesis are comparing the new marketing mode with the traditional one rather than challenging it, so that the thesis can make the analysis about the advantages and the disadvantages of the new marketing ...
Slaughter, Sheila; Rhoades, Gary
As colleges and universities become more entrepreneurial in a post-industrial economy, they focus on knowledge less as a public good than as a commodity to be capitalized on in profit-oriented activities. In "Academic Capitalism and the New Economy," higher education scholars Sheila Slaughter and Gary Rhoades detail the aggressive…
In the past 20 years, the Slovenia has been praised as the richest former socialist country, having accomplished the advancement from borrower into donor status at the World Bank and having entered the European Monetary Union as the first country from former socialist block. In the due course of transition to market, Slovenia adopted the gradualist approach to economic reform, emphasizing gradual privatization, excessive regulation of the labor market and financial sector as well as the slow ...
M A Marinova; A V Kalashnikova
The article considers basic principles of socially-oriented economy according to L. Erhard's model applied in Germany after World War II. It provides the analysis of their advantages and disadvantages, outlines the main subjects of economic relations and specifies the ways to implement the principles of socially-oriented market economy.
M A Marinova
Full Text Available The article considers basic principles of socially-oriented economy according to L. Erhard's model applied in Germany after World War II. It provides the analysis of their advantages and disadvantages, outlines the main subjects of economic relations and specifies the ways to implement the principles of socially-oriented market economy.
Anđelković Petar M.
Full Text Available The nations are worth as much as it is worth their economies. In today's global world, people gain or lose independence primarily by how successful their economy is . Of course, freedom and independence of a people is defended in all fields, but the economic success is the key to success to all the rest. A society that is for us and the former socialist countries, termed transition, represents a return to predatory capitalism and the way in hypocritical, orchestrated democracy; it is now the world of lasting evil and bigger injustice that undermine the state and relentlessly pushing them into ,,peripheral capitalism' (Ljubisa Mitrovic. The word 'economy' is of Greek origin and translated into our language it means' skill of housekeeping (economy'. What we habitually continue to call economy in the world today and in Serbia, we can not call the skill of keeping. The term 'economy' has long been superseded, in his place is the term 'chrematistics' also a word of Greek origin that means inserted enrichment. This term in use is introduced by Aristotle. This ancient philosopher emphasized that the economy and chrematistics are antipodes and that chrematistics destructive to society. By its nature, it leads to the destruction of the economy. Practically, it can be called 'destroyers skill of keeping the economy.' Today in the world and Serbia do not have the economy, we have chrematistics (speculation on commodity markets , pyramid schemes, the development of the securities market , games on the stock market ... . Chrematistics the trick word, and that's why we can replace it with the term 'casino-economy.' A new form of monarchy, which is expressed as a new imperialism, is not based on ' cunning mind' (Hegel and the 'spirit of the law' ( Montesquieu , but the 'cunning of the economy', which is dominated by raw (Hobbes laws of the market and where the economy becomes policies. Figure of societies of Eastern Europe, where the neoliberal social
Diana B Ayala Pena; Milan Nedeljkovic; Christian Saborowski
This paper studies the determinants of shifts in debt composition among emerging market non-financial corporates. We show that the determinants of bond market access in EMs vary with global cyclical conditions and across local and foreign currency markets. We find that the role for institutions and macro fundamentals in creating an enabling environment for markets increased during the post-crisis period for local currency markets. Foreign bank linkages additionally explain why local currency ...
Full Text Available In the article there are considered the theoretical and methodological basis of anti-cyclic regulation of the countries’ economy under conditions of the world economy globalization. It suggests the analysis of practices of implementing of anti-cyclic policy in highly developed states, its defining features and directions under current global financial and economic crisis. There has been researched a practical toolkit of economic cycles diagnostics and cyclic fluctuations of total business activity in Ukraine based on this study. There are suggested recommendations concerning the formation of the effective mechanism of anti-cyclic regulation of the Ukrainian economy.
Suraj Kushe Shekhar
Full Text Available Wood finishing relates to the process of embellishing or protecting the surface of the wood. The paper aimed at formulating a marketing strategy for introducing water borne German based Wood Finishes named Eukula Strato into local market of northern Kerala, India. Multiple cross sectional descriptive research with judgmental sampling technique elicited responses from Finishers, Furniture manufacturers and Interior designers. Findings revealed that Eukula Strato had a distinct advantage when compared to any other Wood Finish that was available in the local market. Findings and suggestions were reported as per 4P’s of marketing mix. Percentage analysis, Chi square analysis etc were used to interpret the results
Vladimir V. Maltsev
Full Text Available The aims of the paper are to highlight the main contributions of Rothbard to the development of the economic science through analyzing his most significant works and to explain his unique influence on the intellectual tradition of the Austrian School of Economics. In the XXI century, the Austrian School is exerting a significant influence on the development of economics and its application to the realm of public policy. More economists respond positively towards fundamental Austrian ideas and the academic journals are more accepting of the works in this line of thought. In the past century only a few economists were aware of the Austrian’s school existence and many disagreed with its methods and conclusions. At the present, the Austrian school’s ideas are situated much closer to the economic mainstream, because the accepted paradigm grew to accept some of its ideas. When mentioning the Austrian School in the Russian economic discussions, mostly the names of Friedrich Hayek or Ludwig von Mises or Israel Kirzner can be mentioned. However, many important scholars are still being left out. One of those scholars is Murray Newton Rothbard. In 2016, it is 90 years since his birth. Few economists are capable of creating such a great volume of work that can provide a heated discussion twenty years after the author’s death. Rothbard, being the student of Mises, became a leading representative of the Austrian School in the United States. He built upon and significantly expanded the economic analysis of his mentor in his fundamental work “Man, Economy and State with Power and Market” (2004. Rothbard gained recognition among the Austrian paradigm due to his innovative developments in questions of methodology, utility, welfare, monopoly and money. He also successfully applied the Austrian theory to explain such important historical events as the Great Depression in his book «America’s Great Depression» (2000 or the genesis and development of the
Irina, Savitskaya; Marko, Torkkeli
Open innovation as an empowering model for knowledge economy has changed the world of innovation management. Apparently, as Russia is in transition towards innovation based economy, its companies could not escape opening up their innovation process according to western patterns. The paper presents the results of case studies on open innovation implementation in St. Petersburg, Russia. The research approaches open innovation at the firm level and highlights motives to embrace open innovation a...
.... Detailed analyses of economic cycles in the two decades preceding 1987-88 show that the behavior of factor markets, particularly the markets for labor and foreign exchange, helped Korea to adjust...
Arzu TAY BAYRAMOĞLU
Full Text Available This study analyses the determinants of export by using balanced panel data method for the 9 emerging market economies with quarterly data covering the period 1994:1-2009:1. In basic macroeconomic theory, export is dependence of real exchange rate and gross domestic product directly and they effect on export positively. And it is implied that export is independence of gross domestic product (national, inside. Also indirectly an increases in domestic prices is caused to decrease real exchange rate. Because of that an increase inflation effects on export negatively. Additionally the theory, it is obvious that import is an important factor for export in global integrated economies. In this study we tested this macroeconomic theory. Empirical results show that real exchange rate, gross domestic product, import and inflation rate are significant variables for export.
Francois de Wet
Full Text Available The traditional concept of security has broadened over the past decades. Food security in South Africa is an imperative for human and non-human survival. In the contemporary political economy, there is a real nexus between globalisation, exploitation, the state, scarcity of resources, the market, peoples’ need to feel secure, notions of state responsibility and food production. Political economy and human security in theoretical debates and face-to-face politics are intrinsically linked. The notion of a ‘secure community’ changed. Food security and the right to quality living became a social imperative. Understanding current agricultural economics requires the ability to link security and access to food for all. In this case study, wheat production in South Africa is addressed against the interface of the global and the local including South Africa’s transition to a democratic and constitutional state with a Bill of Rights. The current security approach represents a more comprehensive understanding of what security is meant to be and include, amongst others, housing security, medical security, service delivery and food security, as set out in the Millennium Development Goals and the subsequent Sustainable Development Goals. The issue of food security is addressed here with particular reference to wheat production, related current government policies and the market economy. The authors chose to limit their socio-economic focus to a specific sector of the agricultural market, namely wheat, rather than discuss food security in South Africa in general. Wheat was chosen as a unit of analysis because as a crop, wheat used in bread is one of the staples for the majority of South Africans and given the current negative economic developments, wheat as a staple is likely to remain integral, if not increasing its status of dependability
Full Text Available The paper is aimed at the presentation of findings achieved in the study of the dynamics and trends of the rate of unemployment in selected countries with market and transitive economy in the reference period 1995–2001. In addition to the description of developmental trends of analysed time series by means of trend functions of linear, quadratic, exponential, logarithmic, power and inverse types their informative ability was verified as a starting base for the realization of point prediction of investigated events for 2005. With given 95% probability, minimum and maximum values are determined of the evaluated macroeconomic indicator for a defined time horizon.
Full Text Available The article studies innovative trends in the Kazakh literature of 1960s, influenced by totalitarianism for a long time, analyses ideological and aesthetic concepts, contrary to socialist realism, dominating at that time, indicates the ways of modernist aesthetics development in works of the post-socialist period, determines features of new characters in literature
abstractThis article develops a number of conceptual and methodological proposals aimed at furthering a firmer agenda for the field of socialist television studies. It opens by addressing the issue of relevance of the field, identifying three critical contributions the study of socialist television
Scarpaci, Joseph L.
he collapse of the Socialist bloc after 1989 has been a topic of inquiry in many of the social sciences. In urban geography, however, there has been little systematic review about the changing nature of socialist cities in an era of rapid globalization. This paper outlines some of the macroeconom...
Full Text Available Among the tools that are used in promotional activity in tourism, the online marketing opens the possibility to promptly create offers, meet buyers' demands, and strengthen customer relationships. The online marketers consider that the Internet is a modern technology that allows firms to connect business partners, to identify more rapidly the consumers' needs, to understand and answer on individual demand. The aim of this paper is to emphasize the importance of online marketing in the process of promotion and distribution of tourism products, starting from an empirical research conducted among economic sciences faculty students. The results of this work may provide a partial image of the young people's opinion about online marketing as a tool of marketing communication, and may be approached as a modest guide for tourism marketers in the process of creating, promoting and distributing tourism offers.
accounts (Todaro and Smith, 2009). Hence, public policy for the development of the infor- mal sector has been ambivalent having little impact on the operations of the economic actors in the informal economy (Tsikata, 2001). In recent years however, there is a growing recog- nition of the importance of the sector and its.
Dam, van J.E.G.; Klerk-Engels, de B.; Struik, P.C.; Rabbinge, R.
Establishment of a bio-based economy has been recognised as one of the key issues for sustainable development For future developments renewable resources will play a key role as CO2 neutral raw material for sustainable industrial production to curb depletion of fossil resources. Options to fully
B.G.C. Dellaert (Benedict)
textabstractNew digital technologies not only support consumers in better fulfilling their own consumption needs, but also enable them to create greater value for other consumers. These new consumer co- production activities, collectively referred to as the sharing economy, require firms to rethink
Full Text Available On January 30, 2006 heads of government of six1 Caribbean Community (CARICOM countries signed the protocol for implementation of the Caribbean Single Market (CSM. The realization of this seamless regional market, which facilitates the free movement of goods, services, capital and labour, has been heralded as the first tangible step towards a fully functioning Caribbean Single Market and Economy (CSME in 2008.
Beldavs, Vid; Dunlop, David; Crisafulli, Jim; Bernard, Foing
Introduction: The International Lunar Decade (ILD) is a framework for international collaboration from 2020 to 2030 to achieve the ultimate goal in space -- to open the space frontier. Key to opening a frontier is the capacity to "live off the land" through in situ resource utilization (ISRU). Activities in space will remain limited to exploration until ISRU becomes possible on an industrial scale. ISRU, the mining and use of resources on the Moon, asteroids, comets and other cosmic bodies will enable the opening of the space frontier for permanent occupancy and settlement. The capacity for ISRU creates the basis for a space economy where products and services are traded for resources, and increasingly sophisticated products can be produced from mined resources to help sustain life indefinitely. Enabling ISRU will require infrastructure - energy, transportation, and communications systems, as well as navigation, storage and other support services. However, regolith or other lunar/asteroid material will remain regolith until converted to a form useful to customers that will enable the development of markets. NASA's Mars journey, various planetary missions, and emerging operations on the lunar surface and at EML1 and EML2 will provide initial markets for ISRU. This paper will explore a scenario explaining how a self-sustaining space economy can be achieved by 2030, what kind of infrastructure will need to be developed, the role of NASA's Mars Journey in the creation of markets for ISRU, and the role of private-public partnership for financing the various building blocks of a self-sustaining space economy. Also dis-cussed will be the potential for a Moon Village to serve as a formative structure for the nucleation of elements of an emerging space economy, including its potential role as a forum for actors to play a role in the development of governance mechanisms that eventually would enable commercial and industrial development of the Moon. References:  Beldavs
Jan 18, 2011 ... Abstract. The housing finance market of Ghana is underdeveloped. A number of studies have suggested that the weak and unstable macro-economic environment in the country is responsible for this. These studies however, showed the relationship between the country's mortgage market and the.
Boot, A.W.A.; Marinč, M.
A fundamental feature of recent financial innovations is their focus on augmenting marketability. We point at the potential dark side of marketability. The paper casts its analysis of the pros and cons of financial innovation within the financial development and economic growth debate. The
Vliet, Olaf Peter van
Social convergence has been an objective since the Treaty of Rome in 1957, but it was only in 1997 and 2000 that social and labour market policies were formulated at the European Union level. To what extent have national social and labour market policies in EU member states converged over time? What
This paper examines the changes in aspirations and mentality of young people in Russia as to their expectations of what the market system can bring into their life. The study was done in Moscow and in Khabarovsk (Far East). Surveys of 11th-graders were conducted to gain their perspectives about the term "market" and what the future holds…
Lincoln, Yvonna S
The globalized economy, fueled by late capitalism, has pressed forward its necessity for accumulation and expanding growth into the information and knowledge economy. One result has been the privatization of essentially public knowledge, knowledge produced at public universities, often with public, federal dollars. Both the "mania for ranking academic institutions," where universities compete for students, tuition dollars, and external funding, and the incessant creep of the managerial "audit culture" contribute to this situation. Although there is little individual scholars can do to resist globalization and capitalist forces, understanding the context into which their research is circulated can suggest opportunities for sharing research results between the "center" and "periphery" that counter some of the privatization trends.
Bonga-Bonga, Lumengo; Nleya, Lebogang
This paper compares the performance of the different models used to estimate portfolio value-at-risk (VaR) in the BRICS economies. Portfolio VaR is estimated with three different multivariate risk models, namely the constant conditional correlation (CCC), the dynamic conditional correlation (DCC) and asymmetric DCC (ADCC) GARCH models. Risk performance measures such as the average deviations, quadratic probability function score and the root mean square error are used to back-test the perform...
Full Text Available In the first part of the paper the concept of "green job". The paper continues with the presentation of the main trends manifested in different sectors of the economy, following the fact that it takes ecological characteristics. These features are also transposed at the level of jobs and require new skills and abilities. In our work we tried to capture these aspects. Romania should take into account these changes and formulate appropriate policies and strategies for employment.
Liabilities (RMB billion) (RMB billion) (RMB billion) (RMB billion) Forex reserves –373 Forex assets +373 Capital +373 (=US$ 45 billion) (=US...CCB Assets Liabilities Assets Liabilities (RMB billion) (RMB billion) (RMB billion) (RMB billion) Forex assets –373 Forex assets +373 Capital...02 03 04 05 06 07 Official rate Unification of the FOREX Markets (Jan 1, 1994) Market rate 8.28 8.70 (R M B /U S$ ) (Jul 21, 2005) 8.11 (June 25, 2007
Yahno Tetiana P.
Full Text Available The aim of the article is to summarize the existing approaches regarding the optimal balance of mechanisms of economic regulation and identify factors that influence the formation of the parity of state regulation and market self-regulation of economy. The analysis of the existing studies has made it possible to establish that the mixed economy model, which is organized on the basis of the market price system but uses various forms of government intervention to correct macroeconomic instability, is the most optimal one for effective development. The smoothing, preventing of negative consequences of effects of market regulators is the goal of state regulation of economy. It is substantiated that the optimal correlation of mechanisms of state regulation and market self-regulation is not a constant value. The maximum effective ratio in application of these mechanisms will not always be achieved under condition of equal government intervention and self-regulation. It depends on the country’s potential, its involvement in the system of the world market economy, level of development of the society, as well as historical features of the country’s development and phase of the economic cycle. Prospects for further research are the substantiation of a new paradigm for the formation of the parity of state regulation and market self-regulation in the context of financial uncertainty and effect of supranational regulators, growing contradictions of globalization-regionalization based on the use of the system and synergetic approach.
This paper investigates the spread of what started as a crisis at the core of the global financial system to emerging economies. While emerging economies had exhibited some resilience through the early stages of the financial turmoil that began in the summer of 2007, they have been hit hard since mid-2008. Their deteriorating fortunes are only partly attributable to the collapse in world trade and sharp drop in commodity prices. Things were made worse by emerging markets' exposure to the turm...
Kuemmerle, Tobias; Hostert, Patrick; Radeloff, Volker C; Perzanowski, Kajetan; Kruhlov, Ivan
Forests provide important ecosystem services, and protected areas around the world are intended to reduce human disturbance on forests. The question is how forest cover is changing in different parts of the world, why some areas are more frequently disturbed, and if protected areas are effective in limiting anthropogenic forest disturbance. The Carpathians are Eastern Europe's largest contiguous forest ecosystem and are a hotspot of biodiversity. Eastern Europe has undergone dramatic changes in political and socioeconomic structures since 1990, when socialistic state economies transitioned toward market economies. However, the effects of the political and economic transition on Carpathian forests remain largely unknown. Our goals were to compare post-socialist forest disturbance and to assess the effectiveness of protected areas in the border triangle of Poland, Slovakia, and Ukraine, to better understand the role of broadscale political and socioeconomic factors. Forest disturbances were assessed using the forest disturbance index derived from Landsat MSS/TM/ETM+ images from 1978 to 2000. Our results showed increased harvesting in all three countries (up to 1.8 times) in 1988-1994, right after the system change. Forest disturbance rates differed markedly among countries (disturbance rates in Ukraine were 4.5 times higher than in Poland, and those in Slovakia were 4.3 times higher than in Poland), and in Ukraine, harvests tended to occur at higher elevations. Forest fragmentation increased in all three countries but experienced a stronger increase in Slovakia and Ukraine (approximately 5% decrease in core forest) than in Poland. Protected areas were most effective in Poland and in Slovakia, where harvesting rates dropped markedly (by nearly an order of magnitude in Slovakia) after protected areas were designated. In Ukraine, harvesting rates inside and outside protected areas did not differ appreciably, and harvests were widespread immediately before the
Full Text Available From October 6th to 11th, 2013, the MS Gretha van Holland brought twenty-four conference participants from Berlin to Beeskow, Eisenhüttenstadt, Frankfurt/Oder and back to Berlin. The aim of this on-board boat conference, organised by Art Archive Beeskow and Utrecht University in collaboration with Marlene Heidel, Claudia Jansen and Ursula Lücke, was to cross borders – national and disciplinary – by connecting parallel and divergent European histories of the Cold War period, both on a conceptual and on a practical level. A selected group of historians, art historians, architectural historians, cultural anthropologists and visual artists discussed the various ways in which socialist cultural history has been presented over the past decades and put new perspectives to the test. This conference has resulted in the present issue of HCM.
Belokrylova Olga, S.
Full Text Available Principles of social justice don't belong only to area of morals, their practical embodiment in economy and the social sphere determines the content and a configuration of institutional system. Ensuring equal opportunities, investment into the human capital, elimination of disproportions in distribution in the direction of bigger compliance of private and public profits play a crucial role in neutralization of "failures of the market". In the paper it is shown that actions of market forces in modern Russia are insufficiently balanced by actions of the state institutes for control of an excess inequality, creation of the competitive environment and counteraction to rent-seeking behavior of certain players. In the country there was unfairly high level of differentiation of the population according to the income which formation is influenced by the institutional environment, there is a process of an institutionalization of poverty. The corresponding quantitative estimates and intercountry comparisons confirming this conclusion are given in the paper. It allows to talk about "failures of the state" and signs of "standard capture" in modern Russia. In the paper the conclusion is drawn that such situation when institutional and market mechanisms in common work for restriction of equal opportunities and increase in distinctions in the level of the income and wealth can't allow. Coordinated actions on change of the situation which can provide minimization of failures of the state are necessary. These actions are in a foreshortening of a question of restoration of social justice.
Dr.Sc. Alqi Naqellari
Full Text Available This paper uses concrete data obtained on the Albanian economy to analyse the positions of aggregate demand/supply curves in the economy. As examples from micro-economics, we have taken the models of Ŵalras and Marshall, to view the possibilities of achieving an economic equilibrium. Data available from the Albanian economy, and from the global economic trends generally, have shown that the positions of curves are such, with differences in their inclination, while the classic position of the aggregate demand curve, with a negative trend, studied in the macro-economic theory, is unique. Therefore, our objective is to try and show the scholars of the field that the macro-economic problems must be viewed in this light, and not through the static scheme used so far. The equilibrium is met not only when the aggregate demand and aggregate supply curves are met, meaning when the aggregate expenditure are equal to aggregate production, but it exists at every moment, independently of whether it is consistent or not, while the pricing trends continue to increase, similar to two other aggregates. The understanding of such a situation should give the possibility to governments and other policy-making institutions to review their positions and relations with monetary and fiscal indicators, in a view of making the organic connection, and increasing their working effectiveness. The paper aims to show how one can define the relation between monetary and fiscal policies necessary to see their role and relevance in the economic growth of a country.
Peterková Jana; Rádlová Lucie; Boudný Jan
The article deals with the breeding of dairy cows in organic farming systems in the Czech Republic in the years 2010–2014, an evaluation of the organic milk production and a comparison of the production economy of organic milk and milk produced in the conventional manner. The growing popularity of organic milk is reflected in the increasing number of organic dairy farmers and thereby also in increasing production of organic milk. The sad fact is that the growth of this industry is currentl...
Klaus Dieter John
economic order which is based on free markets but, at the same time, includes elements of social balancing. The term “Social Market Economy” can neither be found in the Treaty on European Union nor in the Treaty establishing the European Community. The documents only use the terms “open market economy” and “free competition”. The Commission has never made a clear statement whether its economic policy is guided by the principles of a SME. Because the SME-concept is not new and its value is not undisputed it is worth to reflect on it and to find out what it has to offer for the economic and social policy of the EU.
Zimmerman, Frederick J
The large increase in obesity in the past 30 years has often been explained in rational choice terms; for example, a decline in food prices has engendered greater food consumption. On closer examination, this kind of explanation does not fit the facts of the current obesity epidemic. Instead, an unprecedented expansion in the scope, power, and ubiquity of food marketing has coincided with an unprecedented expansion in food consumption in predictable ways. Ongoing protestations that the causes of the recent increase in obesity are unknown may overstate the case. Ample evidence indicates that the obesity epidemic is, at least to a large degree, the result of increased marketing power over the American diet. Only by reigning in or countering marketing power can rationality be restored to the dietary choices of Americans.
Condap, R.; Kydes, A.S.
This paper provides a general overview and review of market penetration, the gradual substitution over time of a new commodity for one or more existing commodities in satisfying basic consumption or production needs. The paper then describes, in detail, the market penetration representations of the Decision Focus, Inc. (DFI) modeling system in terms of: (i) its relation to existing representations in the literature; (ii) issues of stability and sensitivity; (iii) issues of parameter measurability; and (iv) its relation to probabilistic interpretations of consumer behavior.
Chen, Feinian; Korinek, Kim
This article investigates the effect of family life course transitions on labor allocation strategies in rural Chinese households. We highlight three types of economic activity that involve reallocation of household labor oriented toward a more diversified, nonfarm rural economy: involvement in wage employment, household entrepreneurship, and/or multiple activities that span economic sectors. With the use of data from the China Health and Nutrition Survey (CHNS 1997, 2000, and 2004), our longitudinal analyses of rural household economic activity point to the significance of household demography, life course transitions, and local economic structures as factors facilitating household labor reallocation. First, as expected, a relatively youthful household structure is conducive to innovative economic behavior. Second, household entrances and exits are significant, but their impacts are not equal. Life events such as births, deaths, marriage, or leaving home for school or employment affect household economy in distinctive ways. Finally, the reallocations of household labor undertaken by households are shaped by local economic structures: in particular, the extent of village-level entrepreneurial activity, off-farm employment, and out-migration.
The Maghrib economies have been subjected to a number of economic policy pressures due to government choices and the international institutions recommendations during the last twenty years. At the end of a decade characterized by the structural adjustment programs, the liberalization and privatiz......The Maghrib economies have been subjected to a number of economic policy pressures due to government choices and the international institutions recommendations during the last twenty years. At the end of a decade characterized by the structural adjustment programs, the liberalization...... and privatization processes were implemented at the international level by the WTO's, at regional level by the establishment of free trade agreements between individual states on the southern and eastern Mediterranean rim and the EU [under the Barcelona Process] and by bilateral agreements as the one signed between...... Morocco and United States. The overall logic of such measures was that liberalization and privatization would stimulate trade, support the requested modernization of the production systems and infrastructures, and enhance public administrations and services as well. Positive impacts on income, employments...
CHEN, FEINIAN; KORINEK, KIM
This article investigates the effect of family life course transitions on labor allocation strategies in rural Chinese households. We highlight three types of economic activity that involve reallocation of household labor oriented toward a more diversified, nonfarm rural economy: involvement in wage employment, household entrepreneurship, and/or multiple activities that span economic sectors. With the use of data from the China Health and Nutrition Survey (CHNS 1997, 2000, and 2004), our longitudinal analyses of rural household economic activity point to the significance of household demography, life course transitions, and local economic structures as factors facilitating household labor reallocation. First, as expected, a relatively youthful household structure is conducive to innovative economic behavior. Second, household entrances and exits are significant, but their impacts are not equal. Life events such as births, deaths, marriage, or leaving home for school or employment affect household economy in distinctive ways. Finally, the reallocations of household labor undertaken by households are shaped by local economic structures: in particular, the extent of village-level entrepreneurial activity, off-farm employment, and out-migration. PMID:21308566
Velichkovsky, Boris B; Solovyev, Valery D; Bochkarev, Vladimir V; Ishkineeva, Farida F
Google Books Ngram was used to assess changes in frequency of usage in words corresponding to collectivistic and individualistic values in Russia during the time of economic changes. It was found that in many domains transition to market economy was associated with a rise in the use of words corresponding to individualistic values and a decrease in the use of words associated with collectivistic values. In several cases, words corresponding to collectivistic terms were used more often than words corresponding to individualistic values. The results suggest that economic changes lead to a change in values structure, but that individualistic and collectivistic values can co-exist because of the transitional sate of the Russian society. © 2017 International Union of Psychological Science.
Full Text Available City human resources and the city economic development have a synergistic effect to attract high-quality talent and to encourage the sustainable development of the urban economy in the city marketing. Based on synergetics, we find out the evaluation indexes between the city human resources subsystem and urban economic development subsystem and constructed the evaluation system and model, and then used the yearbook data of Chengdu human resources and economic development from 2002 to 2012 and carried on empirical research. The results show that the level of coordinated development is weak between city human resources and city economic development at Chengdu, but it keeps rising slowly. The strong policy support shall be provided to Chengdu human resources and economic development by Chengdu government.
The aim of the program is to improve the utilization of fuel by commercial trucks and buses by updating and implementing specific approaches for educating and monitoring the trucking industry on methods and means of conserving fuels. The following outlines the marketing plan projects: increase use of program logo by voluntary program members and others; solicit trade publication membership and support; brief Congressional delegations on fuel conservation efforts; increase voluntary program presence before trade groups; increase voluntary program presence at truck and trade shows; create a voluntary program display for use at trade shows and in other areas; review voluntary program graphics; increase voluntary program membership; and produce placemats carrying fuel conservation messages; produce a special edition of Fuel Economy News, emphasizing the driver's involvement in fuel conservation; produce posters carrying voluntary program fuel conservation message. Project objectives, activities, and results for each project are summarized.
Hoen, Herman W.
It is often stated that globalization leads to a smaller world by institutional convergence. Politico-economic orders become alike across the world. The article analyzes institutional change triggered by the global financial crisis of 2008/2009 and compares developments in emerging markets in Europe
Postiglione, Gerard A., Ed.
Market reform, financial decentralization, and economic globalization have greatly accentuated China's social and regional inequalities. Education is expected to address these inequalities in a context of rapid social change, including the rise of an urban middle class, changed status of women, resurgence of ethnic identities, growing rural to…
It suggests that this exists because mortgages in Ghana are denominated in foreign currencies notably the United States dollar and that mortgagees focus on Ghanaian residents abroad or Ghanaians with foreign currency denominated income. It notes that resident Ghanaians have been priced out of the mortgage market ...
Abbott, B.; Stennes, B.; Kooten, van G.C.
A number of near-term timber supply shocks are projected to impact global forest product markets, particularly mountain pine beetle induced timber reductions, a Russian log export tax, and timber supply increases from plantation forests in the Southern Hemisphere and Sweden. We examined their effect
Eichholtz, P.; Straetmans, S.; Theebe, M.
The paper investigates the long run historic development of the Amsterdam rental housing market (1550-1850). Using rent data on a large cross section of residential properties in Amsterdam we are able to develop an annual constant-quality rent index for the entire time period. Whereas nominal rents
Li, Jianfeng; Lu, Xinsheng; Zhou, Ying
Using multifractal detrended cross-correlation analysis (MF-DCCA), this paper studies the cross-correlation behavior between crude oil market and five selected exchange rate markets. The dataset covers the period of January 1,1996-December 31,2014, and contains 4,633 observations for each of the series, including daily closing prices of crude oil, Australian Dollars, Canadian Dollars, Mexican Pesos, Russian Rubles, and South African Rand. Our empirical results obtained from cross-correlation statistic and cross-correlation coefficient have confirmed the existence of cross-correlations, and the MF-DCCA results have demonstrated a strong multifractality between cross-correlated crude oil market and exchange rate markets in both short term and long term. Using rolling window analysis, we have also found the persistent cross-correlations between the exchange rates and crude oil returns, and the cross-correlation scaling exponents exhibit volatility during some time periods due to its sensitivity to sudden events.
Full Text Available Information technology (IT is increasingly establishing itself as one of the major topics of study in the OECD area. The resulting OECD studies found that IT has an enormous productive potential; however before an economy can gain most of IT's benefits, several challenges need to be successfully addressed. The key challenges these studies identified are adequate organizational transformations of the enterprises and adequate reorganization of key national institutions. How these two challenges are tackled by the economies that are going through the transition from a socialist towards a coordinated/liberal market economy is, unfortunately, not equally well documented. To improve this situation in this paper I present new findings from one transition economy concerning the issues that the developed OECD countries already highlighted as critical for the successful deployment of IT, and issues that seem specific to the transition environments. The presented findings are based on the study I conducted into 94 enterprises, representing the population of the 914 biggest added value generating enterprises in Slovenia. This article thus tries to allow Slovenia and other economies in a similar situation to draw broad and important conclusions with managerial and political implications on how to deploy all available IT potential.
Socialist economic growth in China and Eastern Europe has long been characterized by investment hunger, drives toward expansion, and cyclical fluctuation of investment rates. For decades, relatively high growth rates - often accompanied by a shortage of consumption goods - have typically been achieved at the consumers'expense. Treating social planners as self-interested bureaucrats, the author offers a positive model to help understand the norms of socialist economic growth. This model demons...
Crippa, M; Janssens-Maenhout, G; Guizzardi, D; Galmarini, S
Emission data from EDGAR (Emissions Database for Global Atmospheric Research), rather than economic data, are used to estimate the effect of policies and of the global exports of policy-regulated goods, such as vehicles, on global emissions. The results clearly show that the adoption of emission standards for the road transport sector in the two main global markets (Europe and North America) has led to the global proliferation of emission-regulated vehicles through exports, regardless the domestic regulation in the country of destination. It is in fact more economically convenient for vehicle manufacturers to produce and sell a standard product to the widest possible market and in the greatest possible amounts. The EU effect (European Union effect) is introduced as a global counterpart to the California effect. The former is a direct consequence of the penetration of the EURO standards in the global markets by European and Japanese manufacturers, which effectively export the standard worldwide. We analyze the effect on PM2.5 emissions by comparing a scenario of non-EURO standards against the current estimates provided by EDGAR. We find that PM2.5 emissions were reduced by more than 60% since the 1990s worldwide. Similar investigations on other pollutants confirm the hypothesis that the combined effect of technological regulations and their diffusion through global markets can also produce a positive effect on the global environment. While we acknowledge the positive feedback, we also demonstrate that current efforts and standards will be totally insufficient should the passenger car fleets in emerging markets reach Western per capita figures. If emerging countries reach the per capita vehicle number of the USA and Europe under current technological conditions, then the world will suffer pre-1990 emission levels. Copyright © 2016 Elsevier Ltd. All rights reserved.
Full Text Available This paper empirically examines the relationship between oil consumption, nuclear energy consumption, oil price and economic growth in four emerging economies (Russia, China, South Korea, and India over the period from 1965 to 2010. Applying a modified version of the granger causality test developed by Toda and Yamamoto, we find that the level of world crude oil prices (WTI plays a crucial role in determining the economic growth in the investigated countries. The results suggest that there is a unidirectional causality running from real GDP to oil consumption in China and South Korea, while bidirectional relationship between oil consumption and real GDP growth appears in India. Furthermore, the results propose that while nuclear energy stimulates economic growth in both South Korea and India, the rapid increase in China economic growth requires additional usage of nuclear energy.
Irina M. Kornilova
Full Text Available This article deals with the problem of education, which is closely related to the goals of society and is a decisive factor in its development. Establishment and continuous improvement of market relations in Russia, democratization of public life, the emergence of various forms of ownership have created a competitive environment in both the manufacturing and non-manufacturing areas.The educational sphere is no exception, and is adapted to the new operating conditions, the acquisition of new forms in their perfection. The result is a previously unknown educational structures that differ from the previous merger of several forms of ownership association differ in their targeting of the organization, dependent both on market conditions as well as from the budget of public spending.
Torres-Olave, Blanca M.
The present study examined the extent to which the U.S. STEM labor market is stratified in terms of quality of employment. Through a series of cluster analyses and Chi-square tests on data drawn from the 2008 Survey of Income Program Participation (SIPP), the study found evidence of segmentation in the highly-skilled STEM and non-STEM samples,…
Full Text Available The long–lasting process of adaptation of the Polish standardisation system to the conditions of the European Community has not beencompleted yet. Its logical consequence is the need to shape the mentality of the entrepreneurs and make them understand the importance of standards and their value in a competitive market. It is the intention of the authors of this study to disclose the main aspects of standardisation at both Polish and European level, explain the model of standardisation system currently functioning in Poland, and against this background highlight the priorities in the standardisation policy adopted by the European Union, especially as regards some specific subjects, including – among others – problems related with environmental protection and occupational safety. In standardisation system, the problems of occupational safety and environmental protection are dealt with by a large group of standards harmonised with the New Approach Directive, which touches on the safety–related issues. Our knowledge of standards speaking the language of business is the challenge of modern times that should not be rejected, as in many cases it determines our competitiveness in the common market. The synthetic knowledge comprised in standards creates conditions for good decisions supporting the process of company development, strengthening its position in the European market, and creating the image of a successful modern enterprise ready to start cooperation with other enterprises, making – moreover – an important contribution to the economic management of products manufactured by various technological processes.
Full Text Available The long–lasting process of adaptation of the Polish standardisation system to the conditions of the European Community has not beencompleted yet. Its logical consequence is the need to shape the mentality of the entrepreneurs and make them understand the importance of standards and their value in a competitive market. It is the intention of the authors of this study to disclose the main aspects of standardisation at both Polish and European level, explain the model of standardisation system currently functioning in Poland, and against this background highlight the priorities in the standardisation policy adopted by the European Union, especially as regards some specific subjects, including – among others – problems related with environmental protection and occupational safety. In standardisation system, the problems of occupational safety and environmental protection are dealt with by a large group of standards harmonised with the New Approach Directive, which touches on the safety–related issues. Our knowledge of standards speaking the language of business is the challenge of modern times that should not be rejected, as in many cases it determines our competitiveness in the common market. The synthetic knowledge comprised in standards creates conditions for good decisions supporting the process of company development, strengthening its position in the European market, and creating the image of a successful modern enterprise ready to start cooperation with other enterprises, making – moreover – an important contribution to the economic management of products manufactured by varioustechnological processes.
Piskunov, A. I.; Dneprov, E. D.
Reviews early development of the Socialist school in Russia from 1914-1918. The young Socialist state strove to combat mass illiteracy, promote teaching and textbook publication in the mother tongue, and modify old syllabi and curricula. The state also engaged in converting the intelligentsia and teachers to the side of Soviet power. (Author/AV)
Nielsen, Jørgen Ulff-Møller; Rutkowski, Aleksander Jerzy
This paper uses the theory of international trade in vertically differentiated products in order to evaluate if the EU, since 1992, in its anti-dumping policy against the two non-market economies, Russia and China, has calculated higher dumping margins, when the level of economic development...
Buchholz, Sandra; Blossfeld, Hans-Peter
There is no doubt that the labor markets and economies of modern societies have been confronted by a marked intensification of cross-border exchange between modern states that has attained a new and previously unattained quality over the past thirty years. In the economic and sociological literature, this development is usually labeled…
Menard, M.; Bischoff, J.
The green movement challenges workers' unions and socialists. Who are the 'Greens', and what do they want. Where do their theoretical fundamentals come from. Will an ecological economy be able to function. Are the 'Greens' leftists or dreamers fighting against progress. Arguments for trade unionists and socialists in the ecological controversy.
Full Text Available The problem of permanent vocational training is important in sustaining thevocational conversion of the working class. A change of views and mentality isdesirable regarding vocational training, in the sense that people need to be moreaware of the importance of permanent learning, more motivated in order tobroaden their horizon and more willing to develop their professional skills. Thelabour market in Romania has suffered important changes due to the economictransition process, which has been materialized especially on the level ofreducing the number of active workers and of employees, thus maintaining arelatively constant rate of unemployment and affecting the labour marketingespecially by a limited number of jobs.
Full Text Available In a world divided by irreconcilable ideological differences into the capitalist West and the socialist East, Yugoslavia itself has, since the early fifties, faced a permanent choice between two options, on the borderline between those two opposing blocs. Coerced by political circumstances, the country's leadership had chosen its own path into communism, formulated through the idea of worker self-management that secured the belief among the people of Yugoslavia that they did not belong to either of the sides divided by the iron curtain. Although it was initially promoted as an expression of authentic Marxism, these unique political projects inevitably lead to an increasing openness toward the western world. The reduction of central government control over the economy, opening of borders, freedom of movement inside and outside the country, freedom of companies to trade abroad, permissible limited private property etc. allowed for easier access to elements of a consumer society that were coming from the West. Getting closer to the western world, as a cultural and an economic process, in the early 1960s also became a subject of Yugoslavian cinematography, which had after a string of years of partisan films begun to deal with modern (urban life. Through an anthropological analysis of the most popular domestic films made during that period, such as: Zajednicki stan, Nema malih bogova, Ljubav i moda and Na mesto građanine pokorni, in this paper I observe how ideological dilemmas concerning the first experiences of abandoning 'pure' socialism and the gradual acceptance of consumerism manifested in society (just prior to the economic reform of 1965., the vision of some future society that came to exist and the encounter with the taste of its values and lifestyle (the appearance of market mentality where new rules become important - competition and a fight for personal interest, individualism opposed to collective socialist solidarity etc.. [Projekat
Contrary to opposing views of thinkers, such Karl Marx and related academicians who condemn capitalism while down-playing socialism in favour of communism, the current essay has argued for the needfulness of all three of these in the creation and sustenance of the current 'world system'. The essay is a true highlight to ...
Full Text Available Society transition from one organizational system to another always results in great changes within almost all segments of functioning of a preceding ensemble. Organizational changes represent a mode of how any single organization can overcome imbalance and crisis emerged. Organizational changes are commonly caused by imbalance or more precisely disturbance of balance occurred between organizations and surroundings and even within the organization itself. Causes, substance and process of organizational changes represent the three major components to the model of organizational changes. For every single organization (incl. SPORT FOR ALL it is essential to identify its future position and specify a mode of implementing necessary changes and improvements SPORT FOR ALL organizations and recreation have to conceive and outline these changes which will, as the basis for animation and reception of the participants, have open market opportunities and cooperation in wider regional terms.
Markussen, P.; Tinggaard Svendsen, G.; Vesterdal, M.
The EU has committed itself to meet an 8% greenhouse gas (GHG) reduction target level following the Kyoto agreement. Therefore, the EU Commission has just proposed a new directive establishing a framework for GHG emissions trading within the European Union. This proposal is to outcome a policy process started by the EU Commission and its Green Paper from March 2000. The main industrial stake holders all had the opportunity to comment on the Green Paper and from their directive proposal. Here, we find that the dominant interest groups indeed influenced the final design of an EU GHG market. This industrial rent-seeking most prominently lead to a grand fathered permit allocation rule like the one found in the US tradable permit systems. (au)
Musmeci, Nicoló; Aste, Tomaso; Di Matteo, T
We quantify the amount of information filtered by different hierarchical clustering methods on correlations between stock returns comparing the clustering structure with the underlying industrial activity classification. We apply, for the first time to financial data, a novel hierarchical clustering approach, the Directed Bubble Hierarchical Tree and we compare it with other methods including the Linkage and k-medoids. By taking the industrial sector classification of stocks as a benchmark partition, we evaluate how the different methods retrieve this classification. The results show that the Directed Bubble Hierarchical Tree can outperform other methods, being able to retrieve more information with fewer clusters. Moreover,we show that the economic information is hidden at different levels of the hierarchical structures depending on the clustering method. The dynamical analysis on a rolling window also reveals that the different methods show different degrees of sensitivity to events affecting financial markets, like crises. These results can be of interest for all the applications of clustering methods to portfolio optimization and risk hedging [corrected].
Full Text Available Aram Khachaturian remains a neglected figure in scholarship on Soviet music, his work often held as exemplifying Socialist Realism at its most conformist. In this article I suggest that folk music strongly influenced his style well before the imposition of Socialist Realism, and that his musical language and aesthetics have much more in common with those of contemporary composers in the West than has previously been assumed. A central focus of the paper will be to examine the role played by Soviet musicologists in placing questionable critical constructs on Khachaturian’s career and creative achievement.
Housing nationalization as a solution to urban inequalities has a long history in European social thought. This article describes housing nationalization in a state-socialist context. Using a political economy perspective and relying on recently released archival material about housing in 1950s Romania, I argue that nationalization may be regarded as a special type of urban process. Nationalization raised the occupancy rate and intensified the usage of existing housing, desegregated centrally located neighborhoods, turned some residential space into office space for state institutions, facilitated the degradation of the existing housing stock and gradually produced a socialist gentry. Aside from similarities with other state-socialist nationalizations from the same period, Romanian nationalization resembled the housing policies of other statist regimes. The data also suggest that, even in the context of revolutionary change, the state is a sum of multiple, often diverging projects, rather than a coherent actor.
Sasha Tsenkova, Professor of planning and international development
Full Text Available The paper explores the new planning regimes and planning processes in post-socialist countries and their ability to influence the spatial transformation of cities. It views planning institutions as culturally embedded in the overall process of economic, social and political transition, while recognising the power of specific local imperatives and market pressures to shape their response. The paper draws on empirical evidence in four countries and their capital cities to highlight the links between the transition to democracy, markets and decentralized governance on the spatial transformation in post-socialist cities. The main argument is that the new planning institutions have different ability to direct these processes of change, depending on the legal framework, the availability of plans and the institutionalisation of the plan-implementation process. Despite the diverse mosaic of urban experiences in Prague, Riga, Belgrade and Tirana, planning institutions are viewed as path dependent, influenced by a common socialist legacy. Further, changes in the exogenous environment—economic, social and institutional—are perceived to be important sources of difference shaping divergent planning responses and policy choices. The article explores these differences as well as the new patterns of spatial transformation in three principal domains: i spaces of production/consumption reflecting economic restructuring; ii social differentiation in residential spaces associated with new housing demand and growing inequality; and iii new approaches to planning and service delivery.The conclusion is that despite the common challenges facing planning systems in post-socialist countries, there are deeply embedded differences in terms of political and administrative structures, which existed historically. There are also significant differences in the political, economic and social transitions affecting the post-socialist urban transformation, which challenge the
This paper studies the various Portuguese escudo exchange rate crises during the period 1992-95. Were they the result of the market evaluation of the Portuguese economy fundamentals? Were they the outcome of the expected political changes? Or, to the contrary, can we suggest self-fulfilling crises? After a general introduction, the paper starts with an estimation of the exchange rate policy credibility a la Svensson and a brief description of the escudo exchange rate crises. The paper then pr...
The purpose of this paper is to investigate the regulatory and institutional factors which may increase excessive risk taking in banks. Few studies deal with the impact of these external factors on bank’s risk taking and probability of default, despite the fact that empirical investigation is crucial for understanding the relationship between the regulatory, legal and institutional environement and bank’s health, especially in emerging market economies. We apply a two step logit model to a da...
Hazell, S. [Sierra Club of Canada, Ottawa, ON (Canada)
Many Canadians believe that a strong economy can be achieved alongside efforts to create a cleaner environment. However, Canada is failing to capitalize on its green energy job market. A shift towards a low carbon sustainable economy can provide a means for development, adding large numbers of green employment opportunities. Increased investment is needed to develop the job market and facilitate a smooth transition. Countries around the world are adopting policies to advance sustainability while generating jobs. A recent survey has shown that the green job market is growing 60 per cent faster than employment rates in the overall Canadian economy. Ontario's Green Energy Act is expected to create up to 90,000 new jobs. Home energy retrofit programs may provide further opportunities for employment. The majority of climate change scientists agree that greenhouse gas (GHG) emissions must be reduced by 25 to 40 per cent by 2050 if a 2 degree increase in temperature is to be avoided. It was concluded that energy efficient and low carbon sectors are likely to benefit if Canada lowers its carbon emissions by 25 per cent by 2020. 1 fig.
Full Text Available The paper gives the overview of the policy of urban planning in CEE and Southeast Europe during the socialist period. That policy was based on centralistic system which caused specific type of internal structure of the cities. Besides that, the paper compares the changes in the urban planning that took place during the 1990s as the results of global and integrational processes, market rules and privatization, decentralization deindustrialization, commercialization, social segregation etc. These changes are already obvious in urban areas. At the end of the last century unstable policy and economic crisis in Serbia slowed down these processes both the changes in the functional-spatial structure of the cities and especially the changes related to the institutional policy in urban planning.
Fleming, Daniel; Søborg, Henrik
In the last 15-20 years the Malaysian government has sought to meet the increasing international competition in the labour intensive manufacturing industry by transforming the economy to a more knowledge-based economy. Impotant levers are industrial upgrading policies and partnerships with leadin...
Full Text Available The content of marketing is countinously redefined and reflected in new concepts, therefore leading to the development of a new concept the modern marketing. The modern marketing has as orientation and tendency the concept of internal marketing, understood as an extension of the vision, marketing philosophy on persons and networks within companies. The concept, at large, is reflected by the apparition and development of specific instruments: integrated marketing, integrated marketing communication, management of the supply-sales relationship. Integrated marketing is the concept that is based on defining marketing as a philosophy, optic, vision onall activities of the company and especially the difficulty and inefficiency of cooperation as a modality to implement this concept. This assessment raises the problem of using the modern marketing in education, as a necessity to modernize the management system and also the educational system.
Full Text Available The EU’s current ten year strategy “Europe 2020” aims to set out a vision of a European social market economy for the 21st century that will promote economic growth with social and ecological attributes. This article analyzes the roles ascribed to the government and the market and the extent this role allocation is suitable to enhance growth of the European Union’s member states. Based on a robust political economy framework it is argued that this new economic policy concept is in essence a technocratic approach and a form of selective interventionism. As such it suffers from three major shortcomings: (1 it underestimates the difficulties of gathering and analyzing the relevant information necessary for steering the economy in the desired direction, (2 it encourages rent-seeking rather than productive entrepreneurship, and (3 it may cause a subtle transformation of the societal order through the diminution of individual liberties. It is contended that while an interventionist policy approach meets the preferences of large parts of the population, not the least in Germany, it is unlikely to boost economic growth and employment in the EU.
Carter, F. W.
This paper is an evaluation of the impact nuclear power planning policies have had on Czechoslovakia's socialist society, particularly for the post-Chernobyl era. Poor indigenous energy resources and the leading role that nuclear power has played in the COMECON's energy-intensive manufacturing sector has made nuclear power into an attractive proposition from the 1960s onwards. Discussion in this paper centres around nuclear-power plant siting and operation, and media coverage of the industry ...
Bauernschuster, Stefan; Falck, Oliver; Gold, Robert; Heblich, Stephan
.... Since East Germany adopted the formal institutions of a market economy quasi overnight when reunifying with West Germany, we avoid simultaneity issues regarding current institutions and preferences...
Babić Iva M.
Full Text Available The main purpose of this paper is to propose a correlation index between average time diagram of Photovoltaic Power Plant production and a typical diagram of the price of electrical energy at the open market. The basic idea is to define correlation index, which is of key importance for assessing the economy of a Photovoltaic Power Plant under open market conditions. This index may be useful for investors during evaluation of economic parameters of a Photovoltaic Power Plant project which will one part of its lifetime operate at the open market. In this paper, a case study for the project Bavanište - Serbia is been presented. The estimated value of correlation index shows that each of the produced MWh at prospective Photovoltaic Power Plant Bavanište will realize a price at The Germain Electricity Market - EEX, which is on average 20.8% higher than the average annual price of an MWh. By taking example of the prospective Photovoltaic Power Plant located in Bavanište in Serbia, the proposed methodology has been used to show that the average MWh of electrical energy produced by a Photovoltaic Power Plant at the open market, can be over 20% better valued compare to Wind Power Plant in the same region. [Projekat Ministarstva nauke Republike Srbije, br. III 42009
... to make business and to compete in the market. Social enterprises (social economy) that appropriate privileges are applied both in establishing, administering and in taxing them, are common in Europe...
Full Text Available With the collapse of the communist regimes, the post-socialist countries are facing the problem of building new legal and institutional systems which will adequately address the needs of the markets. They also try to implement new reforms. But the transition towards economic and market reforms across the bloc has been very uneven, producing the countries-winners, countries-laggards, and countries-losers. There have been some attempts to explain that unevenness from the temporal path dependency perspective and from geographic proximity perspective. Can we explain this unevenness better drawing upon the theory of institutional isomorphism? This paper is not ambitious and built exclusively on literature review. It attempts to borrow from some middle-range social theories of institution building and, especially, the theory of institutional isomorphism by DiMaggio and Powell. It shows that some parts of the bloc seem to be surprisingly isomorphic. The paper suggests an explanation of the possible causes and applicability of the phenomenon of isomorphism in the post-Soviet bloc. In particular, it: 1 contrasts the facts of the transformation with the theory of institutional and organizational isomorphism, 2 makes a fair causal comparison with other explanations, 3 claims the adequate causal depth for the explanation, 4 points at an adequate causal mechanism of the transformation.
The dissolution of the Socialist Legal Family should not be identified with the disappearance of the underlying Socialist Legal Tradition. The impact of the 45 years of Actually Existing Socialism upon Polish legal culture is still significant. First of all, there has been an almost uninterrupted
Brewer, Dominic; Gray, Maryann
Strengthening the linkages between educational institutions and the labor market is an important component of improving U.S. education and training system. In an effort to gather data on faculty linkages to their institutions, local labor markets, and communities, surveys were mailed to 3,500 academic and vocational faculty at community colleges…
This paper is concerned with an analysis of farmer cooperatives in Western Europe from the marketing point of view. The analysis is restricted to marketing and processing cooperatives. First some basic characteristics of farmer cooperatives are discussed from a systems point of view. Afterwards
Wittman, Hannah; Beckie, Mary; Hergesheimer, Chris
Often organized as grassroots, nonprofit organizations, many farmers' markets serve as strategic venues linking producers and consumers of local food while fulfilling multiple social, economic, and environmental objectives. This article examines the potential of farmers' markets to play a catalyst role in linking local food systems to the social…
Full Text Available Questionnaire survey among 809 foreign subsidiaries in five post-socialist economies (East Germany, Poland, Romania, Slovenia and Croatia is used to study determinants of innovation activity of foreign subsidiaries. Findings demonstrate that foreign subsidiaries are relatively independent as far as innovation activity is concerned, while at the same time subsidiaries with better access to foreign parent companies R&D results are more likely to innovate. Important differences are found in factors that determine product and process innovation: subsidiaries that invest more in R&D exhibit higher probability for product but not for process innovation; transfer of responsibilities from headquarters to subsidiaries is conducive to process innovation; market-seeking motivation of foreign investors has a negative impact on product innovation status.
Ruzzenenti, Franco; Papandreou, Andreas
One major hurdle in the road toward a low carbon economy is the present entanglement of developed economies with oil. This tight relationship is mirrored in the correlation between most of economic indicators with oil price. This paper addresses the role of oil compared to the other three main energy commodities -coal, gas and electricity, in shaping the international trading network (ITW or WTW, world trade web) in the light of network theory. It initially surveys briefly the literature on the correlation between oil prices with economic growth and compares the concepts of time correlation with the concept of spatial correlation brought about by network theory. It outlines the conceptual framework underpinning the network measures adopted in the analysis and results are presented. Three measures are taken into account: the ratio of mutual exchanges in the network (reciprocity); the role of distances in determining trades (spatial filling); and the spatial correlation of energy commodities with the whole trad...
Schmuhl, H W
The biography of the psychiatrist and neurologist Werner Villinger reflects the ambivalence of the history of German psychiatry during the first half of the twentieth century. Politically committed to the national conservatives, he was attracted by many elements of National Socialist (Nazi) ideology. Still, he joined the party rather late and reluctantly. Villinger was a eugenist by firm conviction. While he still argued against hasty legal regulation of eugenic sterilisations in the Weimar Republic, he strongly moved for translating the law on preventing hereditarily ill progeny into reality in the institution of von Bodelschwingh in Bethel. Since 1941, Villinger, who had become a professor for psychiatry and neurology in Breslau in the meantime, acted as an expert in the framework of the National Socialist "euthanasia" programme. At the same time, however, he supported the quiet diplomacy of Rev. von Bodelschwingh in his attempt to terminate the mass murder. Villinger was also involved in criminal experiments with human beings. After 1945, he successfully continued his career in the Federal Republic of Germany. He never confronted his past during the Third Reich.
Oomes, N.; in 't Veld, D.
This paper studies institutional divergence among two types of transition economies: (1) the former socialist economies of Central and Eastern Europe, which have gradually been converging to European levels of institutional quality, and (2) the countries of the Former Soviet Union, which have, on
Pedersen, Ove K.
Denmark is characterised by a number of distinct traits: a small and open economy, a stable democratic political system, a high proportion of organised wage earners covered by collective agreements, a political culture marked by social partnership, and a long tradition of institutionalised class...... cooperation. In this sense, Denmark has not only developed from a market to a mixed economy, but from a mixed to a negotiated economy. Because of its political history, the institutional structure in Denmark is hybrid. Market power and state authority are mixed in corporate bodies. Public authority...
Health worker migration theories have tended to focus on labour market conditions as principal push or pull factors. The role of education systems in producing internationally oriented health workers has been less explored. In place of the traditional conceptual approaches to understanding health worker, especially nurse, migration, I advocate global political economy (GPE) as a perspective that can highlight how educational investment and global migration tendencies are increasing interlinked. The Indian case illustrates the globally oriented nature of health care training, and informs a broader understanding of both the process of health worker migration, and how it reflects wider marketization tendencies evident in India's education and health systems. The Indian case also demonstrates how the global orientation of education systems in source regions is increasingly central to comprehending the place of health workers in the global and Asian rise in migration. The paper concludes that Indian corporate health care training systems are increasingly aligned with the production of professionals orientated to globally integrated health human resource labour markets, and our conceptual analysis of such processes must effectively reflect these tendencies. Copyright © 2014 Elsevier Ltd. All rights reserved.
Full Text Available A key feature of financial services liberalization is the increasing presence of foreign banks in a nation. This study examines the impact of banking sector globalization on bank profits and cost efficiency by using a panel of 169 nations spanning 1998–2013. Employing both fixed-effects and GMM estimations, and including banking-industry and macroeconomic controls, I find greater banking-sector globalization to reduce both profits and cost inefficiency, thereby reflecting increased competitiveness and informational asymmetries in host markets, as well as assimilation of better technology, managerial practices by domestic banks. The results are further examined for nations across different levels of economic development and with different degrees of foreign bank presence. Only in emerging markets and in nations with more than 50% foreign banks, greater banking sector globalization positively affects profits. From a policy perspective, the findings call for banking regulatory authorities to implement polices to reduce informational asymmetries in host markets.
When Adolf Hitler (1889-1945) came to power in 1933, the new Nazi government focused the German health system on their priorities such as the creation of a racially homogeneous society and the preparation of war. One of the measures to bring nursing under their control was the foundation of a new sisterhood. In 1934, Erich Hilgenfeldt (1897-1945), the ambitious head of the National Socialist People's Welfare Association (Nationalsozialistische Volkswohlfahrt), founded the National Socialist (NS) Sisterhood (Nationalsozialistische Schwesternschaft) to create an elite group that would work for the goals of the National Socialist German Workers' Party (Nationalsozialistische Deutsche Arbeiterpartei, NSDAP). Hilgenfeldt proclaimed community nursing as a priority for NS Sisterhood nurses. Catholic and Protestant sisters, who were traditionally dedicated to community nursing, were to be gradually replaced. However, other competing priorities, such as hospital service for the training of junior nurses and work in conquered regions, as well as the lack of NS nursing personnel, hampered the expansion of community nursing. The paper also addresses areas for future research: everyday activities of NS nurses, the service of NS Sisterhood nurses for NSDAP organisations such as the elite racist paramilitary force SS (Schutzstaffel, Protective Squadron), and involvement in their crimes have hardly been investigated as yet.
Avital, Michel; Carroll, John M.; Hjalmarsson, Anders
the ongoing debate about the sharing economy and contribute to the discourse with insights about how digital technologies are critical in shaping this turbulent ecosystem. Furthermore, we will define an agenda for future research on the sharing economy as it becomes part of the mainstream society as well......The sharing economy is spreading rapidly worldwide in a number of industries and markets. The disruptive nature of this phenomenon has drawn mixed responses ranging from active conflict to adoption and assimilation. Yet, in spite of the growing attention to the sharing economy, we still do not know...... much about it. With the abundant enthusiasm about the benefits that the sharing economy can unleash and the weekly reminders about its dark side, further examination is required to determine the potential of the sharing economy while mitigating its undesirable side effects. The panel will join...
Gómez-Baggethun, Erik; Mingorría, Sara; Reyes-García, Victoria; Calvet, Laura; Montes, Carlos
Researchers and conservation managers largely agree on the relevance of traditional ecological knowledge for natural resource management in indigenous communities, but its prevalence and role as societies modernize are contested. We analyzed the transmission of traditional knowledge among rural local people in communities linked to protected areas in Doñana, southwestern Spain. We studied changes in knowledge related to local practices in agriculture and livestock farming among 198 informants from three generations that cover the period in which the area transited from an economy strongly dependent on local ecosystem services to a market economy with intensified production systems. Our results suggest an abrupt loss of traditional agricultural knowledge related to rapid transformations and intensification of agricultural systems, but maintenance of knowledge of traditional livestock farming, an activity allowed in the protected areas that maintains strong links with local cultural identity. Our results demonstrate the potential of protected areas in protecting remaining bodies of traditional ecological knowledge in developed country settings. Nevertheless, we note that strict protection in cultural-landscape-dominated areas can disrupt transmission of traditional knowledge if local resource users and related practices are excluded from ecosystem management.
Schillhorn van Veen, T W
The economic transition in Eastern Europe and the former Union of Soviet Socialist Republics (USSR) during the last decade has profoundly changed the agricultural sector and the well-being of people in rural areas. Farm ownership changed; selected farm assets, including livestock, were transferred to farm workers or others, and the social and service structures of rural society are in a state of uncertainty. The transition has, in general, led to the deterioration of rural services. Animal health services have also deteriorated. This decline is associated with the contraction of the livestock inventory, the fragmentation of farms, higher transaction costs for service providers, and the overall decline of the rural economy which has, so far, lowered the demand for animal health services. There are considerable differences in the way that these countries are coping with the economic transition and its aftermath. Among the determining factors in the former USSR are, as follows: the speed of recovery from the legacies of large State-controlled farming and a centrally planned animal health system, the efforts made to address poverty reduction, the choice on whether to become a Member of the World Trade Organization and the requirements of such membership, the ability to provide low-cost services to a fragmented and unskilled livestock production sector. In Eastern Europe, the requirements for joining the European Union (EU) are an additional and important determining factor. In the short term, the choice of a veterinary system to serve the livestock sector may differ from country to country, depending on the legacies of the past, the status of reforms and the proximity of Western markets. Lower-income countries with an oversupply of veterinarians may support labour-intensive, low-cost systems which focus on food security and public health. The better-endowed EU accession countries may focus rather on improved disease surveillance, production enhancement, quality
Nanama, Siméon; Frongillo, Edward A
Food insecurity negatively impacts outcomes in adults and children including parenting practices, child development, educational achievement, school performance, diet, and nutritional status. Ethnographic and quantitative research suggests that food insecurity affects well-being not only through the lack food, poor diet, and hunger, but also through social and psychological consequences that are closely linked to it. These studies are limited in number, and have mostly been carried out in contexts with market economies where household access to food depends almost solely on income. This study considers the social and psychological experiences closely linked to food insecurity in northern Burkina Faso, a context marked by subsistence farming, chronic food insecurity with a strong seasonal pattern, and a complex social structure. A total of 33 men and women from ten households were interviewed in February 2001 using semi-structured interview guides. Data were analyzed following the principles of thematic analysis. Food insecurity is closely linked with consequences such as concern, worries, and anxiety that ultimately lead to weight and sleep loss. Food insecurity results in feelings of alienation (e.g., shame) and deprivation (e.g., guilt), and alters household cohesion leading to disputes and difficulties keeping children at home. Decisions made by household members to manage and cope with food insecurity are shaped by their fear of alienation and other cultural and social norms. These findings, although derived from data collected 10 years ago before the 2008 food and fuel crises, remain valid in the study context, and emphasize the importance of social and psychological consequences closely linked to food insecurity and their negative impact on the well-being at both individual and household levels in contexts of non-market economy and chronic food insecurity. Attention to these non-nutritional consequences will improve the design, implementation, and evaluation
Due to the increasing threat of irreversible, dangerous global warming, effective climate policy is one of the most urgent political challenges. And as mitigation costs are going to increase even in the case of cost efficient measures, government action against global warming needs the sovereign's support. So what is the role of public participation in modern market-based climate policy? Public Choice theory has been analyzing respective questions since the 1970s, mainly because economists' r...
The laws defining the tasks of the Swiss Federal Office of Energy (SFOE) do not allow it to dictate measures, but to collaborate on the basis of voluntary actions. In the heat pump sector, the SwissEnergy action programme binds together 1 state, 26 cantons, 3000 communes, 50 manufacturers, 3500 installers, 1200 electricity companies and environmental agencies. In order to promote the use of renewable energies, the SFOE took the lead by creating the Swiss heat pump promotion group (GSP) in 1993. The idea was to bundle the market's forces to actively market and promote heat pumps for heating purposes. Under the umbrella of the Energy2000 (1990-2000) and the SwissEnergy (2001-2010) promotion programmes, the disparate heat pump sector was brought together and consolidated into being a key player on the heating market. The role of the SFOE and the GSP has changed with time. At the beginning, the SFOE decided what was to be done and the GSP did the job on a mandatory base. The SFOE was responsible for achieving the goals. The GSP gradually grew, so that since 2001 it has been able to determine the action plans itself. The SFOE sets the goals and the GSP is responsible for fulfilling them. The SFOE assures the coordination and the efficient use of resources. Its domain manager is responsible for the coordination of the whole chain from research and development to market, including quality management for all of the activities and the products as well. In this way, the government laid the foundations for the sector to become a success. This model can be applied to other domains or to other countries if some of the assessments and conditions described in the article are met. (author)
Full Text Available Das Buch stellt Organisationsformen, Zuständigkeiten und Politik hinter dem nationalsozialistischen Konzentrationslagersystem dar.This book presents organization, competences and policies underlying the system of National Socialist concentration camps.
Mohammad Mahdi Hosseini
Full Text Available This research studies the effects of performance criteria (accounting, market and economy on the quality of financial reporting in Iran. To evaluate the variable financial reporting quality, the scores given to each company are applied based on the checklist introduced by Iranian Association of Certified Public Accountants and used for the disclosure of the information of the annual financial statements of companies. The statistical population of this research consists of the companies listed on Tehran Stock Exchange over the period 2006-2011. This research, which is classified as applied research, uses the methods of multivariate regression test. The data and hypotheses of this research are analyzed and tested using correlation test and means difference test. The results of the tests conducted on 99 companies indicate that there is a significant and positive relation between the rate of return on equity and the equality of financial reporting. There is also a significant and positive relation between earnings per share and the equality of financial reporting. However, there is no relationship between QTOBIN and the equality of financial reporting. Finally, our results indicate there is a significant and positive relation between market value-added and the equality of financial reporting.
IOAN DUMITRU MOTONIU
Full Text Available Based on the concept that the banking system is the engine of economic development, the paper is intended as a blueprint for the banking system in Romania since 1989, stages and parts of its reorganizing process. In the article is also carried out an analysis of the Romanian banking system in terms of numerical development banks and through the two indicators considered fundamental in the banking system: market share, expressed in terms of net balance sheet asset, that social / endowment capital and are presented the conclusions that have been drawn from this analysis.
Full Text Available This study investigates the symmetric and the asymmetric nonlinear causal relationship between exchange rates and stock prices in BRICS and Turkey. To this end, the Mackey-Glass model allowing to test the symmetric and asymmetric nonlinear causality by identifying the types of feedbacks of the related variables has been employed. While the results of the symmetric nonlinear causality test present little evidence for the relationship, the asymmetric counterpart of the test indicates strong evidence for the causal relationship. As a result, these findings imply the existence of the noisy tradings and speculative behaviours in both exchange rate and stock markets.
John E. Meador
Full Text Available A comparative study of two smallholder dairy cooperatives in Kenya examines the question: what factors are conducive to producing sustainable smallholder cooperatives that can gain entry into the vertical value chain in liberalized post-colonial economies? The relative weight of income advantage; selective individual incentives and, social capital on maintaining member patronage are assessed within variable environmental constraints and opportunities facing different cooperatives. The methodology includes case study observation of the cooperatives during a five-year period, as well as sample surveys of members and non-members that include indicators of dairy income; reasons why farmers elect to join or not join the cooperative; and assessments of the importance of different services provided by the cooperative. The findings show how the relative weight of specific incentives for cooperative membership can vary from one environment to another within the same nation. The most important finding is that maintaining sustainable smallholder cooperatives within an increasingly competitive environment depends on the ability of managers to create business strategies that are compatible with the cooperative’s environmental constraints but, at the same time, incentivize members’ patronage.
Makarieva, Anastassia M; Gorshkov, Victor G; Li, Bai-Lian
The global environmental imperative demands urgent actions on ecological stabilization, yet the global scale of such actions is persistently insufficient. This calls for investigating why the world economy appears to be so fearful of any potential environmental expenditure. Using the formalism of Lyapunov potential function it is shown that the stability principles for biomass in the ecosystem and for employment in economics are mathematically similar. The ecosystem has a stable and unstable stationary state with high (forest) and low (grasslands) biomass, respectively. In economics, there is a stable stationary state with high employment in mass production of conventional goods sold at low cost price, and an unstable stationary state with lower employment in production of novel products of technological progress sold at higher prices. An additional stable state is described for economics with very low employment in production of life essentials, such as energy and raw materials that are sold at greatly inflated prices. In this state the civilization pays 10% of global GDP for energy produced by a negligible minority of the working population (currently approximately 0.2%) and sold at prices exceeding the cost price by 40 times, a state when any extra expenditures of whatever nature appear intolerable. The reason lies in the fundamental shortcoming of economic theory, which allows for economic ownership over energy sources. This is shown to be equivalent to equating measurable variables of different dimensions (stores and fluxes), which leads to effective violation of the laws of energy and matter conservation in modern economics.
Crina Angela Copil
Full Text Available The countries from Central and Eastern Europe that have at their basis the Soviet Union mode based on a planned economy, centralized, without modern bank institution, were submitted to a process of bank consolidation in the period of 1990-2000. Romania is also among these countries submitted to a diverse process of bank reform. This paper proposes to analyze the period of restructuring of the Romanian bank system, the way in which the process of bank reform was made, which is aligned to the other countries in the process of transitions and which determined the delay of this process, but also a decreased efficiency of the bank system and the loss of its role of engine of the enterprise restructuring. The bank system from Romania was developed during many years of transitions, period characterized by an unstable macroeconomic environment, bank management without a discipline in the activity developed, the increase of the portfolio of low performance credits, the consolidation of the bank system was made by the intrusion of the foreign capital was made by investments of greenfield type, by the bank privatization, that began after 1997, by the taking over of some existent banks by other large banks.
Avital, Michel; Andersson, Magnus; Nickerson, Jeffrey
as evidenced by the large number of peer-to-peer based services that have captured impressive market shares sectors ranging from transportation and hospitality to banking and risk capital. The panel explores economic, social, and technological implications of the collaborative economy, how digital technologies......An economy based on the exchange of capital, assets and services between individuals has grown significantly, spurred by proliferation of internet-based platforms that allow people to share underutilized resources and trade with reasonably low transaction costs. The movement toward this economy...... of “sharing” translates into market efficiencies that bear new products, reframe established services, have positive environmental effects, and may generate overall economic growth. This emerging paradigm, entitled the collaborative economy, is disruptive to the conventional company-driven economic paradigm...
J. A. M. Hufen
Full Text Available The European Commission’s renewable energy directive introduced a market-based Guarantees of Origin (GO-trade system that gives consumers the choice of buying “real” green energy. This has been successful, as the market share of Dutch households that buy green energy grew to 64% in 2015. However, societal organizations are dissatisfied with the green energy offered, categorizing it as “cheat” electricity. This article aims to solve this riddle of a successful product created under the GO-trade system but also heavily criticized. Research reveals a lively marketplace with buyers eager to buy green energy and energy producers offering a wide range of labels. Marketplace mechanisms are strongly influenced by political choices, and financial support for energy suppliers makes green energy a credible option. Societal groups, however, argue that the information provided is incomplete and misleading, that buying green energy does not impact positively on greenhouse gas reduction, and that better information and structural reform are required. The GO-trade system is strongly influenced by member states’ national energy politics. Societal organizations have helped to optimize the implementation of the GO-trade system in the Netherlands, but they are not expected to be able to support the creation of a level playing field in which an optimal GO-trade system will flourish.
Sherrouse, Benson C.; Hester, David J.; Wein, Anne M.
The Multi-Hazards Demonstration Project (MHDP) is a collaboration between the U.S. Geological Survey (USGS) and various partners from the public and private sectors and academia, meant to improve Southern California's resiliency to natural hazards (Jones and others, 2007). In support of the MHDP objectives, the ShakeOut Scenario was developed. It describes a magnitude 7.8 (M7.8) earthquake along the southernmost 300 kilometers (200 miles) of the San Andreas Fault, identified by geoscientists as a plausible event that will cause moderate to strong shaking over much of the eight-county (Imperial, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, and Ventura) Southern California region. This report contains an exposure and sensitivity analysis of economic Super Sectors in terms of labor and employment statistics. Exposure is measured as the absolute counts of labor market variables anticipated to experience each level of Instrumental Intensity (a proxy measure of damage). Sensitivity is the percentage of the exposure of each Super Sector to each Instrumental Intensity level. The analysis concerns the direct effect of the scenario earthquake on economic sectors and provides a baseline for the indirect and interactive analysis of an input-output model of the regional economy. The analysis is inspired by the Bureau of Labor Statistics (BLS) report that analyzed the labor market losses (exposure) of a M6.9 earthquake on the Hayward fault by overlaying geocoded labor market data on Instrumental Intensity values. The method used here is influenced by the ZIP-code-level data provided by the California Employment Development Department (CA EDD), which requires the assignment of Instrumental Intensities to ZIP codes. The ZIP-code-level labor market data includes the number of business establishments, employees, and quarterly payroll categorized by the North American Industry Classification System. According to the analysis results, nearly 225,000 business
Full Text Available This article builds a theoretical model for comparative analysis of media culture based on the notion of genre, and applies it to a comparative analysis of television as a cultural form in socialist and post-socialist Croatia. The paper explores how the shares and generic composition of program modes of information, entertainment and fiction change in time, and how the contribution of different genres to program flow and modes varies with the changes of political, economic and technological context. Longitudinal trends in television flows are comparatively evaluated in relation to trends in genre developments in Europe and their relationship to the changes in the cultural role of television. The results show a decrease in the information and an increase in the fiction mode between socialism and democracy, with some similarities of the Croatian and western television culture in relation to genre and mode composition and flow, albeit with a belated introduction of neo television genres. Notwithstanding the limited freedom of expression and ideological content, which necessarily influenced socialist media culture, television as a cultural form in Croatia developed in concert with the global program flows. The article is based on original content analysis of television schedules where the unit of analysis is a televisions program listing. The analogue television universe is represented by longitudinal data for 1959, 1969, 1979, 1989, 1999, and 2009. The stratified systematic sample (N=3934 for each chosen year consists of two constructed weeks from a universe of all listed programs broadcast on all free to air television channels with a national reach license.
Hesketh, T; Wei, X Z
After the Liberation by Mao Ze Dong's Communist army in 1949, China experienced massive social and economic change. The dramatic reductions in mortality and morbidity of the next two decades were brought about through improvements in socioeconomic conditions, an emphasis on prevention, and almost universal access to basic health care. The economic mismanagement of the Great Leap Forward brought about a temporary reversal in these positive trends. During the Cultural Revolution there was a sustained attack on the privileged position of the medical profession. Most city doctors were sent to work in the countryside, where they trained over a million barefoot doctors. Deng Xiao Ping's radical economic reforms of the late 1970s replaced the socialist system with a market economy. Although average incomes have increased, the gap between rich and poor has widened.
Full Text Available Deep and broad financial markets facilitate savings mobilization, by offering both individuals and insitutional savers and investors additional instruments and channels for placement of their funds at more attractive returns than are available on bank deposits. Bank and non-bank financial intermediation are both key elements of a sound and stable financial system. Both sectors need to be developed as they offer important synergies, meant to foster economical growth. While banks dominate the financial systems in most countries, business, households, and the public sector rely on the availability of a wide range of financial products to meet their financial needs. Such products are not provided only by banks, but also by insurance, leasing, factoring, and venture capital companies as well as mutual funds or pension funds.
Chikozho, C.; Kujinga, K.
Decision makers in developing countries are often confronted by difficult choices regarding the selection and deployment of appropriate water supply governance regimes that sufficiently take into account national socio-economic and political realities. Indeed, scholars and practitioners alike continue to grapple with the need to create the optimum water supply and allocation decision-making space applicable to specific developing countries. In this paper, we review documented case studies from various parts of the world to explore the utility of free-market economics approaches in water supply governance. This is one of the major paradigms that have emerged in the face of enduring questions regarding how best to govern water supply systems in developing countries. In the paper, we postulate that increasing pressure on available natural resources may have already rendered obsolete some of the water supply governance regimes that have served human societies very well for many decades. Our main findings show that national and municipal water supply governance paradigms tend to change in tandem with emerging national development frameworks and priorities. While many developing countries have adopted water management and governance policy prescriptions from the international arena, national and local socio-economic and political realities ultimately determine what works and what does not work on the ground. We thus, conclude that the choice of what constitutes an appropriate water supply governance regime in context is never simple. Indeed, the majority of case studies reviewed in the paper tend to rely on a mix of market economics and developmental statism to make their water governance regimes more realistic and workable on the ground.
Chambers, David W
There is not enough marketing of dentistry; but there certainly is too much selling of poor quality service that is being passed off as dentistry. The marketing concept makes the patient and the patients' needs the ultimate criteria of marketing efforts. Myths and good practices for effective marketing that will promote oral health are described under the traditional four "Ps" categories of "product" (best dental care), "place" (availability), "promotion" (advertising and other forms of making patients aware of available services and how to use them), and "price" (the total cost to patients of receiving care).
Appel, David L.
This booklet suggests ways in which institutions--Catholic schools in particular--can move beyond public relations and advertising to engage in the broader arena of marketing with its focus on consumer satisfaction. The first of the book's three chapters reviews the concept of marketing, providing definitions of key terms, clarification of…
Demonstrates that it is possible for economies of scale to induce a price-discriminating monopolist to sell in an unprofitable market where the average cost always exceeds the price. States that higher profits in the profitable market caused by economies of scale may exceed losses incurred in the unprofitable market. (CMK)
Herrera Rojas Gilberto
Full Text Available Las importaciones agrícolas sin restricciones que vinieron con la apertura económica, especialmente las de maíz y fríjol que se hicieron durante el segundo semestre de 1995, afectaron fuerte y negativamente a los productores colombianos, sobretodo a los campesinos. En estudios de caso realizados en la provincia Guanentina de Santander, se comprobó que los campesinos sufrieron fuertes pérdidas en la cosecha de fríjol del segundo semestre del año anterior. Los precios al productor se derrumbaron a casi el 60% de los precios históricos, por culpa de las importaciones indiscriminadas de fríjoles provenientes de Canadá, Ctrína, USA, Ecuador y Perú (sin contar el contrabando que llegó por las fronteras de Ecuador y Venezuela. Los productores colombianos están muy lejos de poder competir con los precios internacionales que oscilaron entre US$ 0,40 y US$ 0,60 el kilogramo, mientras los costos de producción estaban por encima de los US$ 0,80 el kilo. Esa cosecha arruinó a miles de campesinos en Santander, algunos de los cuales emigraron hacia las ciudades de la costa atlántica. Las importaciones de maíz, el año pasado, casi se duplicaron y los precios que recibieron los productores nacionales cayeron en casi un tercio. En 1996, los precios reaccionaron por factores coyunturales de
corto y mediano plazo en USA y en la China. La tendencia en los mercados mundiales es que los grandes productores quebrarán la producción de países como el nuestro que
dependerán, cada vez más, de las importaciones. Colombia está muy lejos de poder competir con los rendimientos, costos de producción y precios de Canadá, USA y Argentina.
El dilema es que ambos cultivos son parte crucial de la seguridad alimentaria del campesinado y del país.
Agricultural importation whithout restriction which come with international free market,especially com and kidney beans, durig the second semester of 1995, affecting strongly and negatively
This paper studies the correlation between output growth and lagged stock returns in a panel of emerging market economies and advanced economies. It finds that the correlation is as strong in emerging market economies as in advanced economies. Asset prices therefore contain valuable information to forecast output also in emerging market economies. Moreover, the paper finds that the strength of the correlation between output growth and lagged stock returns is significantly related to a number ...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of Antidumping Duty New Shipper Review AGENCY: Import Administration, International Trade... antidumping duty order on certain frozen fish fillets (``fish'') from the Socialist Republic of Vietnam...
Hood-Nowotny, Rebecca; Ziss, Elisabeth
Prevention of catastrophic climate change requires push-pull mechanisms to attain critical mass engagement in reducing global carbon emissions or through large scale carbon capture, which is currently administered through international carbon trading schemes. Unfortunately the formal carbon trading market appears to be in disarray, as there is crisis of trust in the system; as a result the carbon credit prices are low and investment in solutions has almost ground to a halt. However there is still a public and commercial demand for trustworthy carbon credit products; consequently a vibrant and growing market. With this in mind we wanted to develop high value carbon-based substitution products for glass house production that that could have significant peripheral benefits to create market pull mechanisms. We systematically tested a variety biochar based products in hydroponic growing systems and commercial nursery scenarios, to determine their potential as substitute products. Results suggested that the high pH of the raw-biochar produced rendered it unsuitable for hydroponic production. Blending and buffering of the biochar for plant production was investigated and showed greater promise with comparable production potential. In another arm of horticultural production millions of cubic metres of peat are used across Europe each year. Biochar has a number of comparable properties to peat, it holds water, forms air pockets or pores to provide oxygen to plant roots and allows for drainage, it is light and most importantly it is sterile. In combination with other horticultural media such as compost, biochar blends could be a viable alternative to peat. Although there has been an explosion of research into the effect of biochar as a soil amendment, most of these publications deal with the impact of biochar on the carbon sequestration capacity of soils however few address the peripheral benefits of biochar on soil water holding capacity specifically in a horticultural
Full Text Available New Belgrade was the most ambitious urban project of Yugoslavia's socialist modernisation. Its fabric bears the inscriptions of three distinct globalisation projects in which the country participated as its foreign policy shifted from the most faithful ally of the USSR to the brink of joining NATO, and then to one of the leaders of the Non-Aligned Movement. This article analyses how the key symbolic spaces of New Belgrade were shaped by these three globalisation projects and, in turn, how they participated in the shaping of socialist Yugoslavia's global imaginaries. Currently undergoing a fourth, neolibaralglobalisation, the urban palimpsest of New Belgrade challenges not only the stereotypical assumptions about socialist architecture, but also the binary topology of utopian dreamworlds of the Cold War, which had its third, nonaligned side.
economies into peace economies constitute a unique challenge to post-conflict reconstruction strategies ... “rapid economic globalization and the replacement of state-led development by market-driven free trade ... national armies to advance business projects (often for private financial gain), while the latter take control of ...
Steeves, H. Leslie; Smith, Marilyn Crafton
Assesses representations of women in television entertainment programs from a socialist feminist perspective. Elaborates on socialist feminist theory, presents concepts for an analysis of both class and gender oppression, and argues that most socialist feminist cultural studies do not address these categories adequately. Uses these concepts to…
Navrbjerg, Steen Erik; Minbaeva, Dana
happens when a MNC from one market economy overtake enterprises in another market economy. When a MNC originated from a Liberal Market Economy (LME - e.g. UK) operates in LME’s institutional structure (e.g. South Africa) we have a situation with relatively limited potential for conflicts. The MNC operates...... in a situation where there is a limited tradition for listening to employees as a collective. However, employees’ expectations are often adjusted to that; hence clashes are few and limited. In a way, the same applies for the meeting of a MNC from a Coordinated Market Economy (CME - e.g. Norway) meeting CME...
Navrbjerg, Steen Erik; Minbaeva, Dana
happens when a MNC from one market economy overtake enterprises in another market economy. When a MNC originated from a Liberal Market Economy (LME - e.g. UK) operates in LME’s institutional structure (e.g. South Africa) we have a situation with relatively limited potential for conflicts (see Table 1......). The MNC operates in a situation where there is a limited tradition for listening to employees as a collective. However, employees’ expectations are often adjusted to that; hence clashes are few and limited. In a way, the same applies for the meeting of a MNC from a Coordinated Market Economy (CME - e...
Full Text Available Once with the gradual disappearance of the monopoly of the state and the socialist economy, the Romanians were forced to reinvent advertising and marketing communications. The tests on our own have turned into a need to professionalize these fields, which are one of the most powerful engines of the economy and contemporary social life. Reinventing turned, as so often in our modern history, into a synchronization process, of rapid combusting stage;the talent and the enthusiasm of the Romanian advertisers were molded on the prescriptions and the institutions that already had a stock of knowledge accumulated during more than a century. The result was a continuous progress, resulted in a spectacular economic growth of the industry and in the awards obtained by local creations at international festivals. The TV spots, radio, posters, giant billboards and press designs have become some of the most spectacular manifestations of contemporary culture, they are brilliant, eyecatching, arouse strong emotions and desires, require that we identify with the characters that we love, make us smile or make us think.
Despite the growing interest on the part of proponents and opponents - ranging from business, civil society, media, to policy-makers alike - there is still limited knowledge about the working mechanisms of the sharing economy. The thesis is dedicated to explore this understudied phenomenon...... and to provide a more nuanced understanding of the micro- and macro-level tensions that characterize the sharing economy. This thesis consists of four research papers, each using different literature, methodology, and data sets. The first paper investigates how the sharing economy is diffused and is ‘talked......-level tensions experience by sharing platforms by looking at the case of mobile fashion reselling and swapping markets. The final paper combines the perspectives of different sharing economy stakeholders and outlines some of the micro and macro tensions arising in and influencing the organization of these multi...
Research document no. 19. The transposition conditions of the market institutions in transition economies (Russia). The energy case; Cahier de recherche no. 19. Les conditions de transposition des institutions de marche dans les economies en transition (Russie). Le cas de l'energie
The majority of the institutions of the market economy exist today in Russia but they do not take on with the russian economic framework. One assists in fact with particular appropriation modes of these institutions, defining behaviors directed by logics of survival. To analyze the situation, the author presents the standard approaches of the economic transition in the case of the energy in russia and the institutional and organization models failure. (A.L.B.)
David N. Wear; Jeffrey Prestemon; Robert Huggett; Douglas Carter
Key FindingsAlthough timber production in the South more than doubled from the 1960s to the late 1990s, output levels have declined over the last 10 years, signaling structural changes in timber markets.For softwood products, production declines are most clearly related to demand issues. Demand for softwood solid wood products...
Since 1970, cleaner air and a growing economy have gone hand in hand. The Act has created market opportunities that have helped to inspire innovation in cleaner technologies for which the United States has become a global market leader.
Cukierman, A.; Miller, G.P.; Neyapti, B.
This paper develops extensive new data on the legal independence of new central banks in 26 former socialist economies (FSE).This data is constructed using the codification system for measuring legal independence developed in Cukierman, Webb and Neyapti (1992) and in chapter 19 of Cukierman
Brown, David L.; Kulcsar, Laszlo J.; Kulcsar, Laszlo; Obadovics, Csilla
This research focuses on pathways by which national level macro-social transformations are transmitted to local communities. Our case is Hungary where we examine the relationship between post-socialist economic restructuring, widespread industrial dislocations, and urban-rural migration. Using secondary data from the Hungarian Central Statistical…
Rutten, E.; Zvereva, V.; Rutten, E.; Fedor, J.; Zvereva, V.
This book examines the online memory wars in post-Soviet states - where political conflicts take the shape of heated debates about the recent past, and especially World War II and Soviet socialism. To this day, former socialist states face the challenge of constructing national identities, producing
Bonke, Sten; Levring, Peter
This book offers a "state of the art" introduction to the "Danish way" of building. It presents a source of information and inspiration to the complex transitional process of rearranging the construction sectors in Central and Eastern European countries. The text gives a historical presentation o...... and functions of the main actors in the building process. During these passages and in a final section important future developments are highlighted, and characteristic research and development projects are presented....
Experiences of Emerging Economy Firms investigates the different elements of the experiences of emerging economy firms and sheds essential light on a large variety of aspects associated with their functioning in both home and host contexts. For example, firms must be able to overcome the liability...... of foreign and emerging issues when they expand their activities in various contexts, enter, exit, and re-enter overseas markets; they have to overcome institutional barriers, adapt the cultural challenges in foreign markets, undergo the impact of large multinational firms from developed economies...
Mok, Ka Ho
In the post-Mao era, the reformers have taken significant steps to privatize social policy and social welfare. Revamping the social security system and commodifying social services have become more prominent since the mid-eighties. Despite the post-Mao leaders' discomfort about the term "privatization", signs of state withdrawal from the provision of social policy and welfare are clear. The author argues that the emergence of private educational institutions indicates that China's educational development has gone through a similar process of privatization or quasi-marketization though the Chinese experience is different from that of Western counterparts. Specifically, this paper tries to examine how the flourishing market economy and the policy of decentralization have affected the development of China's higher education. No longer solely relying on public schools, private and minban (people run) educational institutions are becoming more popular in the new socialist market system. This paper attempts to examine how privatization and quasi- marketization have affected educational development in mainland China. The paper concludes with a discussion of the policy implications of the privatization of education in China.
Kerr, Aphra; O'Riain, Sean
We examine a number of key questions regarding this knowledge economy. First, we look at the origin of the concept as well as early attempts to define and map the knowledge economy empirically. Second, we examine a variety of perspectives on the socio-spatial organisation of the knowledge economy and approaches which link techno-economic change and social-spatial organisation. Building on a critique of these perspectives, we then go on to develop a view of a knowledge economy that is conteste...
Economic growth has become a fetish, as it is believed to yield many benefits to society. It has its origins in the Enlightenment ideal of progress through science, technology and a free market economy. J.W. Goethe anticipated the problems of such progress in his poem Faust, especially its second part. Binswanger interprets Goethe’s view on the modern economy as a form of alchemy, an attempt to master time through the invention of monetary capital. Keynes’s views on progress and liquidity are...
Tanimoto, T.; Uno, K.; Nakamura, T.; Yamashita, S. (Osaka Sangyo University, Osaka (Japan). Institute for Industrial Research)
This paper considers problems in the change of the industrial structure as a result of the EC market integration, and the change of the physical distribution structure, mainly in cargo transportation. The market integration is being moved forward mainly on liberalization of flows in people, materials, and currencies, but the material flow liberalization has not progressed noticeably because of difficulty in deregulations. Changes in the transportation structure on the whole in the EC countries would not see a complete removal of barriers supported by the transportation licensing system because of issues in protecting domestic transportation markets and sharing the road expenses, even if the tariff barrier has been removed as a result of the market integration. Amid the predictions on deregulated legislations and intensified competition associated with the integration, the French trucking industry is indicated of its direction toward a two-layer structure comprising large-scale enterprises and medium-to-small companies. The German unification created problems in transferring from the socialistic command economy to the capitalistic market economy. The paper gives considerations on the real state of affairs in the privatization policy of the people-owned enterprises in the former East Germany, and its economic and managerial problems that should be solved amid the large-area EC market integration based on the mutualism over and above the economic system transition.
陳俊湘 Chun-Hsiang Chen
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The development of digital libraries has been facing budgets, human resources and technical issues. Inevitably, it tends to rely on the business model based on market economy in developing digital libraries. However, under business globalization and knowledge-based economics, issues such as public needs, information dependence, information-haves and information-have-nots are worth of attention while developing digital libraries.
Full Text Available En esta conferencia, dictada en la Universidad Nacional en abril de 1993, se describe el proceso de transformación de Alemania Oriental y se analiza el proceso de reconstrucción económica, tomando como ejemplo la industria de la construcción naval. Su detallado análisis de los efectos de la reunificación alemana sobre la reestructuración de los astilleros de la antigua República Alemana Oriental muestra las consecuencias a largo plazo de la reunificación alemana y la transformación de la economía de Alemania Oriental todavía no son claras y que el proceso puede sufrir reversiones. Sin embargo, una de las expectativas, la de que la liberación de las fuerzas de mercado promoviera automáticamente la recuperación económica, ya demostró ser una quimera. La transformación fue controlada en términos políticos, económicos y sociales; de hecho, ésta fue posible no sólo porque el Estado fijó las condiciones básicas, sino también porque orientó el proceso mediante la inyección de cuantiosos recursos financieros.This was a lecture given at Universidad Nacional in April 1993,
describing the process of transformation in the former East Germany. It analyzes the process of economic reconstruction, using the shipbuilding industry as an example. There is a detailed analysis of the effects of reunification on the restructuring of the former East German shipyards and the changes in the economy. The picture is still unclear, and there may yet be setbacks. Nevertheless, one expectation has certainly turned out to be an illusion, namely that the unleashing of market torces would automatically foster economic recovery. The changes were controlled in political, economic and social terms, not only because it was the State which set the economic conditions for them, but also because it determined the direction of the process through the injection ot considerable financial resources.
Foss, Nicolai Juul; Kristensen, Tore; Wilke, Ricky
This paper draws on ideas in economics and game theory to develop a new theory of marketing and corporate communication in the emerging network economy. We argue that in a network economy, firms and consumers will confront `coordination problems.' With the emerging network economy all this become...... a simple game theoretic model to explain this, and discuss marketing applications and possible strategies.Key wordsCoordination problems, common knowledge, corporate communication...
Full Text Available This paper focuses on the economic and not on the political impact of corruption. Corruption delegitimizes the working of a market economy, as well as the outcomes of political processes. This paper highlights ways in which corruption, by distorting economic decisions and the working of the market economy, inevitably reduces a country’s rate of growth. The paper also discusses some of the channels through which corruption distorts various economic decisions. Finally, the paper reports on some actions that have been taken by countries in their attempt to reduce corruption stressing that the fight against corruption cannot rely on a magic bullet but has to be fought on many fronts.
Andrew V. Mankov
Full Text Available Subject articles – terrorism, were widely spread in the history of the beginning of XX century in Russia. Its authors point out that, despite their own subjects terrorist activities numerous anarchist organizations, to the calls of the Bolsheviks, not caught up in the side of the terrorist methods of confrontation with the authorities, the main force, to actively use the methods of political violence during the study period, was the Socialist-Revolutionary Party. The article analyzes the terrorist activities, offers a new perspective on the genesis of the terrorist tactics on the periodization of the revolutionary Socialist-Revolutionaries terrorism. In addition, nominated by the party and the distinctive features of the populist tactics of terror, given the facts of the practice of militant organization of the Socialist-Revolutionaries, its regional and local terrorist organizations. The authors conclude that terror in the revolutionary movement in the country's first decade of the XX century acquired a dominant, and then self-destructive value, as well as calling for the extraction of lessons of the past, since terrorism as a socio-political malaise has deep roots in the country's history, and its treatment is a whisker-successfully, if know not only the history of terrorism in Russia in all its forms, but also the experience of counteraction to it by the state and society.
"This presentation is adapted from a Harvard KSG workshop held earlier this year on the Political Economy of "Binding Constraints to Growth" Cambodia Pilot for which I served as an External Panelist/Resource Person."
.... To the extent that U.S. sanctions and other efforts to change Iranian state policy target aspects of Iran's economy as a means of influence, it is important to evaluate Iran's economic structure, strengths, and vulnerabilities...
.... To the extent that U.S. sanctions and other efforts to change Iranian state policy target aspects of Iran ssssssss economy as a means of influence, it is important to evaluate Iran's economic structure, strengths, and vulnerabilities...
Boican, A. D. E.
This thesis proposes a socio-cultural analysis of the articulation of socialist subjectivities in Romanian fiction during the communist period. The question underpinning my research, therefore, concerns the way in which the literary articulation of subjectivity changed across two historical divides: from the inter-war period to Socialist Realism and from Socialist Realism to the literature of the troubling decade. This thesis will be argued over four chapters, two of which will examine the wo...
Full Text Available EU has set sustainable growth as a goal for 2020, by which a transition to a more resource efficient greener and competitive economy should be achieved. This requires new skills in business life. We have studied how vocational education and training and higher education may serve as a promoter of a green and low-carbon economy in Finland. Based on results from interviews of companies three main areas were chosen. These areas were decentralized renewable energy production, use of organic by-products and promotion of energy efficiency in properties. Education in vocational education and training and universities of applied sciences, for the selected areas, was mapped in 2014-15. The results were presented on workshops, where knowledge supply chains for a green economy on the selected areas were developed. If was found that cooperation between different fields and levels of education is important, as the new skills often emerge at the interfaces.
Full Text Available The paper studies a general equilibrium in an economy where all market participants face a bid-ask spread. The spread may be caused by indirect business taxes, middlemen rent-seeking, delays in payments or liquidity constraints or price uncertainty. Wherever it comes from the spread causes inefficiency of the market equilibrium. We discuss some institutions that can decrease the inefficiency. One is second currency (barter exchange in the inter-firm transactions. It is shown that the general equilibrium in an economy with second currency is effective though is still different from Arrow–Debreu equilibrium. Another solution can be introduction of mutual trade credit. In the economy with trade credit there are multiple equilibria that are more efficient than original bid-ask spread but still not as efficient as Arrow–Debreu one, too. The implications for firms' integration and applicability to Russian economy are discussed.
Full Text Available Transition from the socialist system that is based on central planning to the capitalist system that is based on free market involves, above all, a great and complex institutional transformation. The fact that academic studies examining economies that underwent such a transformation have ignored “institutions” especially at the beginning of this process is a result of a shortcoming in the dominant neoclassical paradigm. This shortcoming is tried to be eliminated through The New Institutional Economics (NIE approach attempted to eliminate this shortcomings, which started to rise again after the mid-90s and included institutions as the main variable of its analys’s .The aim of this study is to demonstrate that the transition process, which is structurally complex, has gained a much more consistent and satisfying approach with NIE, which is of an interdisciplinary character.
The view that an institutional structure causes rigidities of the labour market is broadly accepted by policy makers. This assessment is conventionally based on unemployment theories that establish a linkage between labour market institutions and unemployment in the long run. Empirical research engages in investigation if the theoretical link between unemployment and labour market institutions could be proved to prevail. This paper provides an econometric analysis of determinants of unemploym...
Kirsanov Roman Gennadievich
Full Text Available During the global financial crisis, the normalization of monetary circulation is one of the necessary conditions for overcoming the stagnation of the national economy. In this connection it is of great interest to study the experience of the monetary reform.
This paper provides a brief exposition of financial markets in Post Keynesian economics. Inspired by John Maynard Keynes's path-breaking insights into the role of liquidity and finance in "monetary production economies," Post Keynesian economics offers a refreshing alternative to mainstream (mis)conceptions in this area. We highlight the importance of liquidity-as provided by the financial system—to the proper functioning of real world economies under fundamental uncertainty, contrasting star...
Full Text Available This article shows that since 1949 the extractive industry has undergone a strong process of restructuring when enterprises were nationalized and a strict control over all components of the economy was established. The new leadership of the country had the intention of developing the industrial sector as well, basically laying the foundations of the new Romanian economy where the industrial sector economy would bring considerable income. This program will lead to the development of the energy sector in Romania also, thus contributing to a great extent to the development and consolidation of coal and gas extraction. Despite of all the economic and social development achieved during the period 1950-1989, at the end of it, Romania ranked a marginal position in the European countries hierarchy since between its level of development and the market economy developed countries large gaps in respect to the main economic and social indicators occurred.
Thinking with the vital materiality of placentas as it is evinced in a placental stem cell research lab in Korea, this article explores the relations and practices of care that are essential to the circulation of biological matters as infrastructure of tissue economies. I attend to the flows...... of care that sustain tissue economies with the notion of ‘placental economies’. Shifting attention from donor subjects and tissue objects to practices and relations of care as an infrastructure for the circulation of tissues, I explore how the vitality of biological matters is an achievement made...
Full Text Available Our study investigates how gender inequalities in job opportunities evolved during communist and post-communist times in former state-socialist countries. Theoretical arguments (mainly based on studies referring to Western countries led to the expectation of a surge in gender inequalities in these countries after the collapse of communism. Empirically, we explore the gender gap in job authority upon labour market entry by using life-history data from Russia, Estonia, and East Germany, with West Germany serving as a control case. The selection of countries was motivated primarily by the availability of rich life-history data, covering four decades of (post- state socialism but also by divergences in institutional set-ups in the course of transition from state socialism to a liberalised market economy. Our findings yield four major results. First, accounting for education and the branch of economy, women were not disadvantaged during Soviet times; instead, we have even found evidence of a slight female advantage in Estonia and East Germany. Thus, our findings mirror the communist regime’s effectiveness in equalising women’s and men’s opportunities at work. Second, in the pre-collapse decade, the advantage of women in terms of job authority decreased in East Germany and Estonia, whereas in Russia, women fell behind men. Third, with the Soviet Union collapse, a remarkable female disadvantage emerged in all formerly state socialist countries under scrutiny. In addition, we observe a growing gender gap in West Germany in the same period. The latter result strengthens the conclusion that times of economic liberalisation may go hand-in-hand with increasing gender inequalities.
Marton, Attila; Constantiou, Ioanna; Thoma, Antonela
De spite the hype the notion of the sharing economy is surrounded by, our understanding of sharing is surprisingly undertheorized. In this paper, we make a first step towards rem edying this state of affairs by analy sing sharing as a s ocial practice. Based on a multi ple - case study, we analyse...
Full Text Available The decline of economy is due to its dependency from a virtual value, the currency, the coin, that in the recent phase of consumerism is so far from real value: human capital and natural capital. If human economy wants to continue to produce wellbeing, it must accept to be a subset of natural economy, intercept flux of matter produced by its circular mechanisms, put constraints in it, i.e. machines and structures, to direct it temporarily for our advantage, and finally release it to the same original flux, in an still usable state. In this way it will assume a function no more parasitic but symbiotic. It will be connected to natural cycles without destroying it, recovering the co-evolutionary link between nature and culture, building an economic web suited to the ecological web; thus we will have a mosaic characterised by biodiversity, technological diversity, and cultural diversity, able to produce a durable prosperity.
Hughes, Celia Penelope
maturation from child to adult intersected with the formation of a new and distinctive extra-parliamentary culture on the British left that came to full fruition around Britain's anti-war movement, the Vietnam Solidarity Campaign. The formation of this collection of inner lives occurred simultaneously...... in the context of real social and economic shifts in the men's local landscapes as well as the wider international Cold War climate. Drawing upon oral history interviews with former Young Socialist members, this article explores the cultural and social expression of these working-class men, looking...
The categories of space and time are crucial variables in the constitution of what many scholars deem as modernity. However, due to the almost exclusive interpretation of space and time as components of a modernity coupled with global capitalism (Harvey, Jameson), discussions of a socialist space and time as a construction of an alternate modernity during the 60s and 70s—in particular across the Third World—have been neglected. Julius Nyerere’s project of collectivation, or ujamaa, in Tanza...
"This paper analyzes changing interregional migration in China and reveals that the recent eastward migration reverses patterns of migration under Mao. It finds that investment variables are more important than the conventional variables of income and job opportunities in determining China's recent interregional migration. It suggests that both state policy and the global force influence interregional migration, challenging the popular view that the socialist state is the only critical determinant. This paper also criticizes Mao's approach to interregional migration and discusses the impact of migration on development." excerpt
... International Trade Administration Steel Wire Garment Hangers From the Socialist Republic of Vietnam... order on steel wire garment hangers from the Socialist Republic of Vietnam (``Vietnam''). DATES... sales at less than fair value in the antidumping duty investigation of steel wire garment hangers from...
Maria Lucia de Paiva Jacobini
news and the interest of the specialized public. The analysis also showed a perception of the ideology of the financial market, implicit in economic journalism, that transforms the journalistic treatment.
Full Text Available The study examined the market entry strategies of multinational services companies into Ghana’s service sector and the linkages to firm level performance after entry. Literature was reviewed on market entry strategies, internationalisation, globalisation of service firms and resource-based theory. The study adopted a combination of both quantitative and qualitative research approaches in this study. The qualitative approach was for deeper enquiry and quantitative for empirical testing. The study found that firm specific factors affect the market entry strategy while the entry strategy also affects performance after it enters the market. Home country factors and the features of services are also seen to moderate on the effects mentioned. Respondents also indicated that the features of services were an industry wide issue not so much consideration is given to it.
Full Text Available Even if the issue of youths’ inclusion in the labour market was always an important item on political agendas, during the last two decades this issue had particular relevance. In the last years, unemployment for this age group had unprecedented amplitude, reaching 20.6% in Romania in 2016. Modern societies provide for youths opportunities, still they are faced with major challenges related to the education and training and access to the labour force market.
Full Text Available En este artículo se critican los puntos de vista de Ernest Mendel y de Alec Nove. Su autora sostiene que existen alternativas al mercado y a la planificación burocrática. Según ella, el mecanismo de precios es un instrumento indispensable para coordinar una economía socialista, pero este debe socializarse para que opere a favor y no en contra del socialismo. El mercado no puede rechazarse a priori y de lo que se trata es de establecer las condiciones para que funcione como una forma de libre asociación. Su trabajo estudia las formas de coordinación económica, pero no parte del mercado ni del plan, sino de la producción y reproducción de la fuerza de trabajo, puesto que en una economía capitalista, el hilo conductor es la producción y la reproducción del capital. La capacidad creadora de los seres humanos y la expresión y desarrollo de sus necesidades se subordina a la búsqueda de beneficios. El hilo conductor de la economía socialista debe ser la producción y reproducción de la fuerza de trabajo. Para que estas lleguen a ser prioritarias, se necesitan transformaciones en las relaciones con los medios de producción y los medios de consumo, en los lugares de trabajo y en el hogar, en las relaciones entre productores y consumidores.This article criticizes the approaches of Ernest Mandel and Alee Nove. The author holds that there are alternatives to the market and bureaucratic planning. She says that the price mechanism is an essential instrument for the coordination of a socialist economy; but that the mechanism should itself be socialized so that it will work in favor of socialism and not against it. The market cannot be rejected a priori, and the intention is to set the conditions for it to operate as a kind of free association. The article considers forms of economic
coordination, but does not start from the market or a plan but from the production and the reproduction of labour power. The guiding thread of a capitalist
Zhao, Wei; Zhou, Xueguang
Focusing on the changing roles of organizations, this study develops an institutional framework to examine the shifting stratification order since the mid-1990s in urban China. We argue that, after the mid-1990s, the Chinese state led a dual process of institutional transformation. On the one hand, the state dismantled the socialist redistributive system and broke down institutional segmentation based on organizational ownership and bureaucratic rank. On the other hand, the state developed different markets with various paces and strategies, resulting in fragmented market environments. In this context, reformed organizations interacted with heterogeneous market conditions to exert different impacts on multiple dimensions of social inequality. We draw empirical evidence from two national survey data collected in 1994 and 2003 during a critical period. Our findings show that the foundation of the stratification order has shifted from institutional segmentation to market fragmentation in urban China. This study calls for substantive institutional analysis to better understand the intricate landscape of social inequality in transitional economies. Copyright © 2016 Elsevier Inc. All rights reserved.
Full Text Available After the collapse of ex-Yugoslavia, Croatia inherited a ‘premature’ socialist pay-asyou-go pension system. During the early 1990s, it was used more extensively than elsewhere in Central and Eastern Europe to ease the pains of the country’s transition to a market economy, thereby leaving Croatian pensions in dire nee of reforms. This article will try to meticulously describe the reform process during the period 1991-2006, which was characterised by three relatively independent phases: the first, a retrenchment phase, which condemned a majority of pensioners to old-age poverty; the second, a restructuring phase, which led, under the aegis of international financial institutions, to the legislation of radical reforms; and the third, a populist phase, which undid most of the previous efforts. The article will conclude that this concoction of poverty, agency capture and crony capitalism had a common denominator, that is the struggle for power during the country’s democratic consolidation.
Because entrepreneurial activity can stimulate job creation and long-term economic growth, promoting entrepreneurship is an important goal. However, many financial, bureaucratic, and social barriers can short-circuit the process of actually starting a business, especially in transition economies that lack established institutional systems and markets. The main obstacles are underdeveloped financial markets, perceptions of administrative complexity, political and economic instability, and lack...
Constantiou, Ioanna; Marton, Attila; Tuunainen, Virpi Kristiina
Sharing economy platforms combine organizational and market mechanisms in innovative ways to gain competitive advantages over incumbents. These mechanisms are combined on two key dimensions: tight or loose control over participants, and high or low rivalry between participants. We call the result......Sharing economy platforms combine organizational and market mechanisms in innovative ways to gain competitive advantages over incumbents. These mechanisms are combined on two key dimensions: tight or loose control over participants, and high or low rivalry between participants. We call...... the resulting four sharing economy models "Franchiser," "Principal," "Chaperone" and "Gardener." Each model focuses on a different value proposition and strategic intent, but they all exploit the growing fluidity of organizational boundaries. Understanding the sharing economy in these terms enables businesses...... to identify, and respond to, the threats and opportunities provided by sharing economy platforms. The lessons learned from our research will help businesses to engage with the sharing economy....
Vöörmann, Rein; Helemäe, Jelena
The aim of the study is to analyse relationship between self-rated health (SRH) and education in post-socialist countries (Estonia and Russia) and in Finland, a Scandinavian country. Data from the 5th wave of the European Social Survey (ESS) carried out in 2010 were used. In particular, we used a sub-sample of the 25-69 years old. Two-step analysis was carried out: descriptive overview of relationship between SRH and education to assess the knowledge-related impact of education on SRH in pooled model for all three countries; and logistic regression analysis to evaluate separate models in each country. The prevalence of at-least-good health was the highest in Finland, Estonia occupied the second position and Russia the third. Knowledge-related educational inequalities were lower in Russia compared to Finland, while they were of similar magnitude in Estonia and Finland. Our expectations that knowledge-based inequalities are lower in post-socialist countries compared to a Scandinavian country turn to be true in case of Russia, not Estonia. Possible reasons for the expectations might be a lack of attention paid to educational inequalities in terms of access to social resources, competitiveness in the labour market and to what extent education provide a tool against uncertainty (preventing work- and unemployment-related stress). Series of comparative studies revealing links between certain institutional packages and (socio-economic and knowledge-related) educational inequalities seem to be of special relevance.
Vissak, Tiia; Zhang, Xiaotian
Experiences of Emerging Economy Firms investigates the different elements of the experiences of emerging economy firms and sheds essential light on a large variety of aspects associated with their functioning in both home and host contexts. For example, firms must be able to overcome the liability...... of foreign and emerging issues when they expand their activities in various contexts, enter, exit, and re-enter overseas markets; they have to overcome institutional barriers, adapt the cultural challenges in foreign markets, undergo the impact of large multinational firms from developed economies...... and experience the impact of home institutions and government policies. This ground breaking and illuminating title presents issues of theoretical and practical significance, thus challenging existing paradigms of firm internationalization....
The main kernel of this paper is on revamping Nigerian economy through cassava production. The title of the paper is quite appropriate because of the economic morass Nigeria is currently enveloped. This was as a result of the vagaries price of crude oil in the international market. The Nigerian economy have nosedived ...
the social economy fit with current strategies in the areas of welfare policies and social service? Is it as a certain type of social entrepreneurship an integral part of a social innovation of the mainstream market economy or is it part of an emerging counter discourse in the sense of a participatory non......The social policy agenda in the decades to come will be marked an ageing population on a global scale and by increased and diversified expectations from citizens in the need of work and social service. Public budgets for social service such as health, education and welfare including social work...... practice will be put under increasing pressure. There is a difference between a social economy approach to the third sector and an approach based upon the notion of a non-profit constraint. Social economy is well positioned as a third sector to play a core role in meeting this urgency. But how does...
Full Text Available The article compares and points out differences in driving forces of four main landscape change processes that shaped post-socialist countries and old democratic countries of Central Europe during the last two centuries. Studying landscape change processes and corresponding driving forces helps in understanding patterns of present landscape and can help among others in better prediction of future landscape change trends. Here, the presented results are based on review of scientific articles published in peer-reviewed journals between 2000 and 2014. Driving forces affecting these processes were grouped into four categories. Economic forces drove mainly agricultural intensification; agricultural land abandonment and urbanisation and were pronounced especially in the second half of the 20th century and at the beginning of the 21st century. Technological driving forces affected agricultural intensification especially in the 19th century and the second half of the 20th century while cultural driving forces had the biggest impact on urbanisation at the beginning of the 21st century. Political driving forces affected agricultural intensification, urbanisation as well as agricultural land abandonment and were pronounced mainly during the second half of the 20th century in the post-socialist countries. Political forces in the form of subsidies drove agricultural extensification at the beginning of the 21st century. The drivers for the agricultural intensification as well as urbanisation seem to be similar for both old democratic and post-socialist countries. In contrast, agricultural land abandonment in the old democratic countries was driven by technological, cultural and economic driving forces while in the post-socialist countries the political driving forces were mainly responsible. Changes in systems for subsidies and changes in the agricultural commodity markets are also responsible for different frequencies and rates of extensification of
This paper discusses the concept of the experience economy in a Nordic context and shows how the Nordic version of the concept has come about from a mix of three different approaches and theories. Besides, the Nordic definition links the experience economy closely with cultural activities....... In the Nordic countries the experience economy has been developed in a political context and it is apparently a popular development policy for local government authorities and regions. This paper discusses the Nordic definition of experience economy and questions if it makes any sense. The definition...... of experiences is not clear, and the definition of the word "economy" has different interpretations as well. In a narrow interpretation the term economy is related to market economic value, which is used in the political terminology. The paper shows that the experience economy can follow three different routes...
dr. Karel Jan van Alsem
In deze installatierede betoogt Karel Jan Alsem dat marketing een grotere strategische rol in organisaties zou moeten krijgen. Want marketing is bij uitstek de verbinding tussen klantwensen en het DNA van een organisatie. Doordat merken gemiddeld voor mensen niet heel belangrijk zijn, is goede
Monoszon, Ele Isaevich
Chapter three ("Development of the Theory of Upbringing and Instruction in the Period of Completing the Socialist Reconstruction of the National Economy and the Building of Socialism in the USSR) from Ele Monoszon's "The Establishment and Development of Soviet Pedagogy" is excerpted. Examines the issue of Communist child…
The hospital outlook might seem bleak to some investors, but a bevy of diverse companies are seeking the financial cure they believe the healthcare industry can provide. Everyone from carpet companies to trucking firms has been drawn to healthcare because of its seemingly endless consumer demand. Jeannine Rossignol, left, senior marketing manager at Xerox Corp., demonstrates a product at the recent VHA Leadership Conference in Boston.
Full Text Available The purpose of this contribution is to assess the impact of the EU Internal Market rules on the development of Union’s social policy. To that end the author analyses trends in the EU’s social policy over time, also following the outbreak of the economic and financial crisis in 2008, synthesising selected Union’s legislation, soft measures and case law relating to social policy, with a view to determining their immediate or potential impact on social rights and social protection. It is submitted that to date, the Union has made but a very restricted use of its powers to develop the social dimension of its Single Market, which contributes to the difficulties in reconciling social and labour rights with competition law and economic freedoms. This problem is ascribed not exclusively to the commonly blamed inequality of arms resulting from the prevalence of soft measures in the area of social policy and the hard law regulatory framework for the implementation of the Single Market rules. Its core is identified in the lack of will on the part of national governments to advance economic integration on common (European social foundations. Hence the necessary prerequisite for the further advance of the EU social policy and a sustainable European socio-economic model is the attitude change in the Member States.
Bodovski, Katerina; Kotok, Stephen; Henck, Adrienne
Although communist ideology claimed to destroy former class stratification based on labor market capitalist relationships, de facto during socialism one social class hierarchy was substituted for another that was equally unequal. The economic transition during the 1990s increased stratification by wealth, which affected educational inequality. This study examines the relationships among parental education, gender, educational expectations, and mathematics achievement of youths in five post-socialist Eastern European countries, comparing them with three Western countries. We employed the 8th-grade data from the Trends in International Mathematics and Science Study (TIMSS) 1995 and 2007. The findings point to the universal associations between parental education and student outcomes, whereas gender comparisons present interesting East-West differences. The theoretical and policy implications of these findings are discussed. PMID:25346564
Bodovski, Katerina; Kotok, Stephen; Henck, Adrienne
Although communist ideology claimed to destroy former class stratification based on labor market capitalist relationships, de facto during socialism one social class hierarchy was substituted for another that was equally unequal. The economic transition during the 1990s increased stratification by wealth, which affected educational inequality. This study examines the relationships among parental education, gender, educational expectations, and mathematics achievement of youths in five post-socialist Eastern European countries, comparing them with three Western countries. We employed the 8(th)-grade data from the Trends in International Mathematics and Science Study (TIMSS) 1995 and 2007. The findings point to the universal associations between parental education and student outcomes, whereas gender comparisons present interesting East-West differences. The theoretical and policy implications of these findings are discussed.
Meged, Jane Widtfeldt; Christensen, Mathilde Dissing
This chapter explores from a critical perspective how workers in the collaborative tourism economy craft meaning and identity in work and discusses transformations on the established labor market induced by the collaborative economy. It does so through the perspectives of guides working...... with Copenhagen Free Walking Tours, a platform offering guided tours and hosts offering short-term rentals on the platform Airbnb. Both guides and hosts practice job crafting. However, guides and hosts approach and navigate the collaborative economy in different ways. Both markets require hosting qualities...
Full Text Available This paper starts from the findings of the latest study of social structure in Serbia (2012, which show a significant reduction of vertical social mobility, especially for further inter-stratum distance. In light of these data, the author considers that we have to re-examine earlier, very biting evaluation of some Serbian sociologists concerning 'closeness' for mobility of the society in socialist Serbia. The author analyzes and re-evaluated findings of earlier research (Janićijević, 1970; Flere and Đurđev, 1982/3; Bogdanovic, 1986; 1988; Vukovic, 1989. He concludes that very brisk evaluation of mobility in the Serbian society during socialism is a consequence of schematic interpretation of these findings with Yasuda 's index.
The reason I choose to analyze this issue is the fact that the proper functioning of the market economy is based on a solid and profitable banking financial system. The experience of the last 20 years in corroboration with the global financial crisis shows that banks in our country must face the challenges coming from both the international market and especially the national market. In this context, it becomes increasingly clear that to obtain a good market positioning (which will automatical...
Ebru Tümer Kabadayı
Full Text Available Although the concept of experience entered in the field of marketing in 1982, this concept has now become a key constituent of understanding consumer behaviour. In recent years, a great deal of research has examined this concept is a foundation of economy and future of marketing. From this point of view the purpose of this study is to discuss concept of experience, experiential marketing and related concepts in a holistic perspective and moreover some marketing implications have been given.
Full Text Available In the fall of 2008, the U.S. subprime mortgage loans defaults have turned into Wall Street’s biggest crisis since the Great Depression. As hundreds of billions in mortgage-related investments went bad, banks became suspicious of one another’s potential undisclosed credit losses and preferred to reduce their exposure in the interbank markets, thus causing interbank interest rates and credit default swaps increases, a liquidity shortage problem and a worsened credit crunch condition to consumers and businesses. Massive cash injections into money markets and interest rates reductions have been assured by central banks in an attempt to shore up banks and to restore confidence within the financial system. Even Governments have promoted bail-out deal agreements, protections from bankruptcies, recapitalizations and bank nationalizations in order to rescue banks from disastrous bankruptcies. The credit crisis originated in the previous years when the Federal Reserve sharply lowered interest rates (Fed Funds at 1% to limit the economic damage of the stock market decline due to the 2000 dot.com companies’ crisis. Lower interest rates made mortgage payments cheaper, and the demand for homes began to rise, sending prices up. In addition, millions of homeowners took advantage of the rate drop to refinance their existing mortgages. As the industry ramped up, the quality of the mortgages went down due to poor credit origination and credit risk assessment. Delinquency and default rates began to rise in 2006 as interest rates rose (Fed Funds at 5,25% and poor households across the US struggled to pay off their mortgages. Many of them went bankrupt and lost their homes but the pace of lending did not slow. Banks have transformed much of the high-risk mortgage debt (securitizations into mortgage-backed securities (MBS and collateralised debt obligations (CDO, and have sold these assets on the financial markets to investment firms and insurance companies
Clark, W.W. II [Clark Communications, Beverly Hills, CA (United States). Green Hydrogen Scientific Advisory Committee; Rifkin, J. [The Foundation on Economic Trends (United States)
This paper is the result of over a dozen scholars and practitioners who strongly felt that a hydrogen economy and hence the future is closer than some American politicians and bureaucrats state. Moreover, when seen internationally, there is strong evidence, the most recent and obvious ones are the proliferation of hybrid vehicles, that for any nation-state to be energy independent it must seek a renewable or green hydrogen future in the near term. The State of California has once again taken the lead in this effort for both an energy-independent future and one linked strongly to the hydrogen economy. Then why a hydrogen economy in the first instance? The fact is that hydrogen most likely will not be used for refueling of vehicles in the near term. The number of vehicles to make hydrogen commercially viable will not be in the mass market by almost all estimates until 2010. However, it is less than a decade away. The time frame is NOT 30-40 years as some argue. The hydrogen economy needs trained people, new ventures and public-private partnerships now. The paper points out how the concerns of today, including higher costs and technologies under development, can be turned into opportunities for both the public and private sectors. It was not too long ago that the size of a mobile phone was that of a briefcase, and then almost 10 years ago, the size of a shoe box. Today, they are not only the size of a man's wallet but also often given away free to consumers who subscribe or contract for wireless services. While hydrogen may not follow this technological commercialization exactly, it certainly will be on a parallel path. International events and local or regional security dictate that the time for a hydrogen must be close at hand. (author)
Kovács, Borbála; Morris, Jeremy Bryan; Polese, Abel
that originated in socialist-era societies and continue to the present day in modified forms, we critique the notion that sharing economies are significantly novel in form or logic, other than technologically. We draw attention to the variety of informal economy practices to discuss how they may be socially......How do the ‘sharing economies’ relate to the long history of informal economic practices as understood in the social sciences? This article examines conceptions of the sharing economy in terms of its relation to scholarship on informality. By using two case studies of informal economic practices...... embedded or disembedded. The main focus on global technological leveraging of productivity and connectivity in sharing economy practices would suggest that many aspects are akin to disembedded forms of informality. Scholarship needs to address the ongoing disciplinary parallelism on prefixed ‘economies...
Kovács, Borbála; Morris, Jeremy Bryan; Polese, Abel
How do the ‘sharing economies’ relate to the long history of informal economic practices as understood in the social sciences? This article examines conceptions of the sharing economy in terms of its relation to scholarship on informality. By using two case studies of informal economic practices...... that originated in socialist-era societies and continue to the present day in modified forms, we critique the notion that sharing economies are significantly novel in form or logic, other than technologically. We draw attention to the variety of informal economy practices to discuss how they may be socially...... embedded or disembedded. The main focus on global technological leveraging of productivity and connectivity in sharing economy practices would suggest that many aspects are akin to disembedded forms of informality. Scholarship needs to address the ongoing disciplinary parallelism on prefixed ‘economies...
Anmar Pretorius and Alain Kabundi
This paper investigates empirically the integration of bond markets of emerging market economies into the global bond markets from 2003 to 2012. The paper employs factor analysis based on the Arbitrage Pricing Theory to extract global factors from a panel of 38 bond yields of advanced and emerging market economies.The results reveal that bond yields in advanced economies, which constitute the driving forces behind the global bond market, do not dominate in explaining the variation of emerging...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension... AGENCY: Import Administration, International Trade Administration, Department of Commerce. SUMMARY: The... administrative review, and aligned new shipper reviews, of certain frozen fish fillets (``fish fillets'') from...
... From the Federal Register Online via the Government Publishing Office DEPARTMENT OF COMMERCE International Trade Administration Welded Stainless Pressure Pipe From Malaysia, Thailand, and the Socialist...: Import Administration, International Trade Administration, Department of Commerce. DATES: October 22...
Crawley, Gerard M.; O'Sullivan, Eoin
Over the last two decades, Ireland has proactively marketed its educated workforce, its favourable corporate tax rates, membership of the European common market, and other advantages, to multinational technology corporations. The resulting foreign direct investment in high-tech manufacturing operations has driven a booming Irish economy that has…
People often fear for their futures when free-market policies are introduced. Tanzania, however, has shown that promoting fair play through competition policy improves the performance of manufacturing firms. This translates into gains for the overall economy. 4. Case study. THE POWER OF COMPETITIVE MARKETS.
Economic theory depicts markets and organizations as opposite allocation mechanisms. Market allocation is based on mobility and organization on instruction. The paper argues that markets and organizations are complements in economies that grow through innovation. Diversity of organizations lies at
Rasmussen, Stine; Madsen, Per Kongshøj
This paper takes a labour market perspective on the emerging concept of the 'sharing economy' or 'platform economy', which we use as a more appropriate term for the phenomenon. Platform economy is in the article understood as those business models that have emerged since the millennium, where...... digital platforms serve as the link between persons wanting to make use of certain activities, services etc. and those owning them and we only have an interest in the work-related platforms. That means platforms, where paid work is offered and demanded. International examples of this new phenomenon...... of this paper is to examine the work-related activities in the Danish platform economy and discuss whether and to what extent these activities are to be considered precarious forms of employment. The paper begins with a discussion of the terms sharing economy and platform economy in order to reach...
Full Text Available The paper deals with the relationship between cultural events and financial possession through which a complex web of communication can be discerned, in positions of social responsibility and consumerism. In the first part of the paper, sponsorship is described in its historical context in order to point out its key features and transformations over time, especially in the socialist and post-socialist period. By contextualizing sponsorship strategies and messages, one can accurately track the representations and values attached to the positioning of cultural products in the zone of national and global policies. Musical spectacles (concerts, festivals, assemblies etc. are attractive and useful products in the sponsorship market. The EXIT festival, Jelen beer, Guča, Telenor, Alpha Bank, Bogoljub Karić, Zepter, Beer Fest, Tuborg, Kustendorf are just some examples - patents of sponsorship of cultural manifestations in the transitional period. This paper constructs three forms of sponsorship strategies in the domain of cultural festival scenes: ownership, leadership and partnership. In the domain of partnership between collective and private property, sponsorship strategies are based on an ethical mimicry of old/new rules and their enforcers within a gift economy, thus creating arbitrary spaces for action adjusted for crises (the grey economy, money laundering, unstable economic policies etc.. Leadership is a sponsorship strategy which entails complete domination in the sphere of decision making, utilization and spending, without the possibility of outside control. In leadership there is no opposition between owners and sponsors, and everything is subject to the authority of the individual as the one and only, inviolable self-sponsor. Partnership is based on the power of choice in the domain of competition and opposition as bipolar ownership. The tandems of spectacle - sponsor and enjoyment - monopoly, are viable projectors of various strategies
the approach that different configurations of supply, demand and market institutional factorsexplain the type of investment flows into developing economies. The argument is illustrated througha comparative study of China and India.Key Words: Developing Economies; Foreign Direct Investment; China, and India......Qualitative information and data show significant differences in the magnitude and type of foreigndirect investment inflows among developing economies. Explanation of the differences requiresanalysis of market institutional factors as well as the supply and demand side conditions. This paperadopts...
Foreign direct investment inflows in European transition economies, although limited in volume, plays a strategic role in restructuring and developing new businesses, in integrating these economies to the world economy, in bringing in technology, know-how and management skill. Entry on these new markets either through acquisition and merger, either through greenfields depends of different barriers, asset specificities, market regulations. In spite of important entry and transaction costs, for...
Full Text Available The defining with profound implications on the economy and society is represented the globalization. In this context, we have noticed the increasing influence of the financial markets on the economy, the tendency to remove the finances from the real economy requirements, the growing role of external financing using more volatile capital goods, increased competition regarding the access to financing, the significant increase of power of the international capital markets whose characteristic is represented by the increased instability, the implications of the investors’ obsession with an excessive profitableness of their own funds and the expansion of using sophisticated financial products. Realities of today’s financial markets, which are the subject of numerous studies and analysis, have contributed to the association of the arguments that are contesting the thesis on the virtues of self-regulation markets and promoting a new paradigm, within which finances should subordinate the requirements of a balanced and sustained economic growth.
Iustin-Emanuel, ALEXANDRU; Alexandru, TASNADI
.... Starting from the principles of Ecolonomy, which is based on the whole living paradigm, this paper argues for the development within each economy of entrepreneurial policies related to the Blue economy...
Full Text Available This paper defines the concept of "green economy", presents the main international organizations that deal the green economy. Are provided details of the most significant principles, objectives and actions of the concept of green economy. At the European level there is "The 2020 strategy ", which shows that Europe's economy should be an economy that knows how to manage resources efficiently and reduce carbon emissions. There are currently a number of basic laws for the green economy. Forest ecosystems are part of the green economy and the forest products industry are very important because they are renewable, recyclable and biodegradable. Thus forests are a fundament of the green economy, the goods and services are important components.
B. Krug (Barbara); H. Hendrischke (Hans)
textabstractThe Market Design (MD) approach to institutional analysis provides the analytical tools to evaluate endogenous institution building in local market places irrespective of the institutional setting of the national economy. Implicit in this analysis of endogenous institution building at
The aim of this paper is to emphasize the importance of knowledge based economy, in this time characterized by fast changes and sometimes radical changes, it is impossible to resist without adapting, both people and the organizations too. The matter of the paper develops knowledge based economy concept: elements, definitions of the knowledge based economy, stages and the main knowledge codification. In the end of the paper, the author presents the importance of economy knowledge, in Romanian ...
José Roberto Concha Velásquez
Full Text Available This work enters into the topic of one of the world's most increasing economy, the economy of China. It will treat the question, how a country, hence a political system which was such closed and had a quite small economical standard and growth rate was able to improve in a tremendous way. This present fact discovers various questions, such like: How is it possible that a closed socialist state can improve its economical increase and international trade in a tremendous way? How is an increase in trade and production combined with energy consumption? How can China secure its energy sources in order to secure its production and energy household? The document starts with the theory of free trade to step into that topic.
Schnellenbach, Jan; Schubert, Christian
Explaining individual behavior in politics should rely on the same motivational assumptions as explaining behavior in the market: Thatâ€™s what Political Economy, understood as the application of economics to the study of political processes, is all about. In its standard variant, those who played the game of politics should also be considered rational and self-interested, unlike the benevolent despot of earlier models. History repeats itself with the rise of behavioral economics: Assuming co...
Full Text Available Economic growth has become a fetish, as it is believed to yield many benefits to society. It has its origins in the Enlightenment ideal of progress through science, technology and a free market economy. J.W. Goethe anticipated the problems of such progress in his poem Faust, especially its second part. Binswanger interprets Goethe’s view on the modern economy as a form of alchemy, an attempt to master time through the invention of monetary capital. Keynes’s views on progress and liquidity are compatible with this analysis. The problems, evoked by the uncritical application of scientific technology so as to increase material welfare, have given rise to a dialectic between business seeking growth and those concerned about its effects, especially on ecology. Sustainable development is an outcome of this dialectic, without abandoning it. Others, particularly those advocating décroissance [de-growth], reject the concepts underlying growth. The ideology underlying this is a combination of technicism and economism. A spiritual revolution is called for to break the hold of this ideology on society, with a change from the metaphor of the world as a machine to that of a garden-city. It is suggested that working groups should analyse the various proposals for change from the perspective of the garden-city metaphor.
In oral history interviews, Guyanese healthcare workers emphasize continuity in public health governance throughout the late twentieth century, despite major shifts in broader systems of governance during this period. I argue that these healthcare workers' recollections reflect long-term scarcities and the discourses through which both socialist politicians and neoliberal reformers have narrated them. I highlight the striking similarities in discourses of responsibility and efficiency advanced by socialist politicians in 1970s Guyana and by World Bank representatives designing the country's market transition in the late 1980s, and the ways these discourses have played out in Guyana's health system. Across diverging ideologies, politicians and administrators have promoted severe cost-control as the means to a more prosperous future, presenting short-term pains as necessary to creating new, better, leaner ways of life. In the health sector this has been enacted through a focus on self-help, and on nutrition as a tool available without funds dedicated for pharmaceuticals, advanced medical technologies, or a fully staffed public health system. I argue that across these periods Guyanese citizens have been offered a very similar recipe of ongoing sacrifice. I base my analysis on oral histories with forty-six healthcare workers conducted between 2013 and 2015 in Guyana in Regions 3, 4, 5, 9, and 10, as well as written records from World Bank and Guyanese national archives; I analyze official discourses as well as recollections and experiences of public health governance by those working in Guyana's health system. Copyright © 2017 Elsevier Ltd. All rights reserved.
Full Text Available Every phenomenon exists in several dimensions. It has several ontological attributes, so to speak, which provide opportunities for a variety of interpretations. The Bolshevik Revolution and the Soviet regime could be an example. At the beginning of Soviet history the revolution was seen as the beginning of a worldwide revolution opening an era of liberation for workers all over the world. As the Soviet regime solidified its position, the hope for worldwide revolution faded. In the new context, observers, especially outside Russia, looked at the regime from a different perspective. For them it represented the country's national interests, and its socialist slogans should not be taken at face value. Some believed post-revolutionary Russia was similar to post-revolutionary France and was experiencing its “Thermidor.” Others assumed the revolution showed Russia as a “Eurasian” state where all ethnic/religious groups lived in “symbiosis.” Finally, some assumed the Soviet regime would lead to the transformation of the human species and the human conquest of cosmos. This transition from one image to another does not mean that one illusion, one “wrong” image, follows another. It also does not mean the very notion of true meaning is meaningless simply because no reality exists as a fixed entity, and one could therefore “construct” any type of reality. It simply means that there are many attributes of the revolution, which are revealed in the course of time.
Full Text Available Reciprocity is an integrating principle of supportive economy activities. In non-capitalist societies, it has been realized through the participation of certain institutional arrangements that favored the stability of exchange relations. Progress towards capitalist societies and deepening them, dissolved many of these institutional supports, while economy relations separated from other social relations in which it was first inserted. In addition, the selfish individual was become an active participant in the economy life of society. With the construction of market economies and state regulation, reciprocal relationships were being reduced to a lower field activities. Under these circumstances, they should investigate how reciprocity is manifested today, the institutional arrangements that are suitable to give stability and unity to cooperative behavior and the dynamics of their relationship to the context of the market and the state.
Bardoscia, Marco; Livan, Giacomo; Marsili, Matteo
In the pursuit of ever increasing efficiency and growth, our economies have evolved to remarkable degrees of complexity, with nested production processes feeding each other in order to create products of greater sophistication from less sophisticated ones, down to raw materials. The engine of such an expansion have been competitive markets that, according to general equilibrium theory (GET), achieve efficient allocations under specific conditions. We study large random economies within the GET framework, as templates of complex economies, and we find that a non-trivial phase transition occurs: the economy freezes in a state where all production processes collapse when either the number of primary goods or the number of available technologies fall below a critical threshold. As in other examples of phase transitions in large random systems, this is an unintended consequence of the growth in complexity. Our findings suggest that the Industrial Revolution can be regarded as a sharp transition between different phases, but also imply that well developed economies can collapse if too many intermediate goods are introduced.
Full Text Available This paper connects current studies of post-socialist nostalgia to the issue of feminist genealogies in the contemporary European context. Studies of post-socialist nostalgia can prove significant not only for the former socialist East - to which they have traditionally been limited - but also for the “former West”, that is post-Cold War Western Europe. In the first part of my paper I draw a connection between feminist genealogies and post-socialist nostalgia in the former East, looking in particular at the phenomenon of Yugonostalgia from a gendered and feminist perspective, and taking my research on the 1978 Belgrade feminist conference Drugarica Zena/Comrade Woman as a point of departure. The narrative about Yugoslavia being closer to Western Europe and to Western European feminist movements in the 1970s, in comparison to today’s marginalization of post-Yugoslav successor states, indicates that changes in gender regimes are deeply connected to shifts in ideological and geopolitical relations, including the shifting boundaries of Europe after 1989. In the second part of this essay I transpose the study of post-socialist nostalgia to the former West. When looking more closely at Western European countries, particularly at those who had significant communist parties such as Italy and France, it is clear that even in the West certain articulations of post-socialist nostalgia for radical pasts have emerged, helping us to unravel women’s and feminist movements’ genealogies that have been made invisible. I take the case of the recent Italian movie Cosmonauta as a symptom of post-socialist nostalgia in the former West.
Review: Rainer Diaz-Bone & Gertraude Krell (Eds. (2009. Diskurs und Ökonomie. Diskursanalytische Perspektiven auf Märkte und Organisationen [Discourse and Economy. Discourse Analytical Perspectives on Markets and Organizations
Full Text Available Rainer DIAZ-BONE and Gertraude KRELL's anthology "Discourse and Economy" offers a comprehensive insight into the wide array of discourse analytical perspectives on markets and organizations that have cropped up in recent years in the fields of sociology, economics, business administration, management, and organization studies. All contributions share the presupposition that economic phenomena are genuinely discursive. Hence, investigating the discursive dimension of economic phenomena becomes a core task of economic research. The foundations for such a "strong" research program are laid out in the introduction and first part of the anthology, devoted to theoretical discussion. In the second part, DIAZ-BONE and KRELL assemble empirical research that convincingly demonstrates the economic insights that discourse analysis can produce and the reflexive benefits that such an approach can contribute to economic research. All contributing authors, in addition to presenting their own research findings, also devote considerable effort to describing the logic and praxis of the research process. The anthology is thus not only informative, but may also prove effective in stimulating one's own research. DIAZ-BONE and KRELL's work helps to sketch the trans-disciplinary position from which economic speech and thought can be studied, introduces various research methods, and opens up the discussion on the methodological consequences of employing these in the research process. URN: http://nbn-resolving.de/urn:nbn:de:0114-fqs1101265
In this era, efficient market hypothesis has become a very important theory for all the investors who wish to hold or plan to have an international diversified portfolio. As today, all the world economies and markets are globally getting connected, and investors have all the opportunities to invest internationally, so the understanding of market efficiency concept is gaining greater importance for all kinds of investors. In this research I have test the weak form hypothesis and random walk hy...
Market-opening rules and potentialities of destabilization of hierarchical power industries in an open economy: institutional scenarios on the French power industry; Cahier de recherche no.17. Regles d'ouverture de marche et potentialites de destabilisation d'une industrie electrique integree en economie ouverte. Scenarios institutionnels d'evolution de l'industrie electrique francaise
The purpose of the paper is to analyse the reform of the French power industry, the extreme integration of the industrial organisation of which is deeply rooted in the French institutional particularisms. After the presentation of the main features of the 1999 reform, different elements of instability of the new structure are pointed out: the over-dominant position of the incumbent company which dissuades entries, institutional isomorphism between economies integrated to a regional space (heterogeneity of structures between European Community countries generates problems of reciprocity and fairness), and the end of the traditional capture of the regulator by the incumbent company because of the autonomy of the function of regulation. Two institutional scenarios are defined, which give a different weight to two competition paradigms in conflicts: the traditional ''industrial economics'' which inclines to preserve hierarchy in the national area to gain competitive advantages in the European field, and the neo-classical paradigm. In the first one, in the name of strategic efficiency, the integration of the industrial organisation could be preserved in spite of the asymmetry of structures between countries, and the playing field is the continental Europe on which national champions compete. In the second one the French industrial organisation has to conform to the competitive model, with vertical and horizontal disintegration and creation of a power exchange market. This scenario necessitates to test the force of the institutional determinism of the nuclear legacy. (author)
Full Text Available The article deals with the study of feminist analysis in the field of political economy of communication. We discuss feminisms that flirt with Marxism, socialist and radical feminism, in the light of the importance of studies in the field of communication. We highlight the relevance of the feminist critique of Marxism, drawing attention to the engendered class and addressing the inequalities of capitalist society, not only in the sphere of production but also with relation to the reproductive labor. We introduce notions of “capitalist patriarchy” and “sex class” in order to emphasize the dialectical relationship between the class stratification and hierarchical structuring of capitalist society. We problematize the decline of the materialist perspectives in feminist critique as a turn to discourse and ideology while marginalizing class as an analytical category. In this article, we introduce an intersectional understanding of gender that contributes to gender de-essencialization and de-homogenization. Attention is also paid to prospects for the feminist political economy of communication today, to how it is constituted and what types of analyses it brings and why it is important for the understanding of contemporary society and the processes of communication.
...-market economy (``NME'') country are subject to government control, and because only the companies listed..., 2000) and accompanying Issues and Decision Memorandum at Comment 1; Circular Welded Austenitic Stainless Pressure Pipe, 74 FR at 4915; Certain Circular Welded Carbon Quality Steel Line Pipe from the...
..., inventory carrying costs, credit expenses, and indirect selling expenses. We reviewed the movement expenses..., to the extent possible, the prices or costs of FOPs in one or more market economy countries that are... price comparisons and the calculation of production costs invalid under the Department's normal...
During the Sixties, the New Left created a new form of radical politics: anarcho-communism. Above all, the Situationists and similar groups believed that the tribal gift economy proved that individuals could successfully live together without needing either the state or the market. From May 1968 to the late Nineties, this utopian vision of anarcho-communism has inspired community media and DIY culture activists. Within the universities, the gift economy already was the primary method of socia...
In a socialist system a new problem being encountered is whether or not to implement planned management in human reproduction, and whether or not it is possible. Marx and Engels foresaw that human reproduction would undergo basic changes. In following Marx, Socialist China has brought about for the first time in history planned management in human reproduction. According to the author, the objective necessity of the population plan stems from public ownership of the means of production, is compatible with planned development of material production and conforms to Socialist economic laws. 3 main general points are made: 1) the public ownership of the means of production supplies the objective conditions for population planning; population reproduction in a system of private ownership is the basis for class opposites, but the public ownership of the means of production erases this type of opposites; 2) population planning is an important integral part of national economic planning; man, the unification of production and consumption, is the primary element in economic activity; 3) population planning embodies the demands of basic socialist economic laws. Basic socialist economic laws determine the character of social production and hence determines the character of population production.
Full Text Available The social economy plays an important role at every country and globally. It provides an economic development alternative based on ethical principles - solidarity, democracy, professional and personal development, functioning according to the market economy and independent of the state. The European Parliament attaches great importance to the social economy; through the adoption of a resolution on the social economy, the parliamentarians had in mind both the recognition of organizations in this sector and the promotion of a new economic model centered on social needs. In the context of the social economy, social enterprises are considered to promote innovative behavior in creating new forms of organization and new services, relying on a diverse mix of resources. Social enterprises receive income mainly from commercial activities and less as a result of public funding.
Full Text Available Together with the Internet, e-business and the new economy era, in general, fundamental transformation of the social and economic structure take place. In parallel, the assaults on the standard economic science amplify, in the sense of some conceptual reformulations and of some reinterpretations of the economic phenomena and laws. Besides the classical factors of production, work and capital, information is added, either as a distinct factor or as a detached one of the two mentioned. Also, the empiric findings regarding the so-called tertiarisation of the economy or the increase of the share of the services sector in the total of the national economy, as well as the so-called intangible investments in the total of the investment funds, have lead to numerous attempts of redefining what we call today a "modern economy". Other factors with major influence, regarding the adjustment of the economic science to the new trends from the real economy, refer to the following: the liberalisation of the international exchanges and the globalisation; the growth of the importance of the so-called free time (including here the household activities and the ones unfolded in the interest of the community, entertainment, but also the time destined to the development of the degree of culture and education on one's own and the fluidisation of the limits of differentiation between this and the work activity in the formal sector as well as the informal one; the more rapid dynamic of the financial and banking markets than the so-called classic productive sector of the economy; the extension of the use of computers and of the means and techniques of communication, in the activity of the companies as well as in the households, and the impact on the structure of the time and the financial budget of the population etc. All these have an impact on the tourism unfolding.
Generation and exploitation of knowledge became one of the most significant components in the new economy. This paper first investigates influence of information and communications technology on economy, with specific emphasis on Internet economy and electronic commerce. The paper then describes characteristics of the knowledge economy, discusses knowledge, presents main issues relevant for building of knowledge economy and gives an overview of the situation and perspectives of knowledge econ...
Meyer, Klaus E.; Tran, Yen Thi Thu
to adapt their strategies, most notably their marketing and acquisition strategies, to the local context. In this paper, we outline why globalisation drives MNEs into emerging economies, and we provide conceptual frameworks that may aid investors to adapt their strategies to emerging economy contexts. MNEs...... requires the acquisition of complementary local resources controlled by local firms. However, acquisitions in emerging economies are inhibited by institutional obstacles and weak local firms. Thus, foreign investors may pursue staged, multiple, indirect, or Brownfield acquisitions to build their projected...
Full Text Available En 1976, Marcel Lozinski choisit d’aller filmer un camp de vacances organisé par le mouvement de la jeunesse socialiste dans la région des lacs de Mazurie en Pologne. Le cinéaste décide de filmer le quotidien de ces jeunes familles en vacances, entre quiz politiques, leçons de savoir vivre et concours de la famille modèle. Pour cela, il élabore un protocole de travail singulier : aux vacanciers s’ajoutent des personnes complices du cinéaste dont le rôle sera pour certains de participer activement à la vie collective, pour d’autres de s’y opposer.Tourné en 1976, le documentaire Comment vivre attendra cinq années avant d’être diffusé en salle, en tant que fiction. Pourquoi cette diffusion retardée et surtout, que penser de cette requalification a posteriori ? Outre l’analyse du film lui-même, un entretien mené avec Marcel Lozinski ainsi que des archives consultées à la filmothèque de Varsovie apporteront des éléments d’analyse sur la réception de l’œuvre par les autorités cinématographiques de l’époque, mais également sur le sens produit par les dispositifs mis en place par le cinéaste au cours de ce tournage.
Griffiths, Tom G.; Williams, Jo
In contemporary contexts of Education for All and emphases on national educational performance, mass education globally continues to be strongly informed by human capital thinking, and by notions of developing future world citizens and workers for the international economy. In this paper, our central focus is on the ongoing educational project of…
Kiss, A.N.; Danis, W.D.; Cavusgil, S.T.
This article systematically reviews and critically examines international entrepreneurship research in emerging economies (IEEE research), and articulates its importance, timeliness and relevance in consideration of the growing influence of emerging markets in the global economy. A systematic
Trumka, Richard L
The crash has happened and we face dual market failures: climate change and the greatest economic crisis of our lifetimes. American labor believes that we must have a strategic approach to greening the economy centered on domestic investment in new technologies, the creation of good jobs, and leading a shared international response to both these issues. The nay-sayers are the same financial and industrial interests that advised the world economy into chaos. Their advice to us is more of the same: no rules, no regulations, free markets, and free trade. But now is the time for real change.
Madsen, Erik Strøjer; Wu, Yanqing
The globalization of the brewing industry after the turn of the century through a large wave of mergers and acquisitions has changed the structure of the world beer markets. The paper tracks the development in industry concentrations from 2002 to 2012 and points to high transportation costs...... for beers and economies of scale in advertising and sales efforts as the main factors behind the wave of cross-country mergers and acquisitions. Using firm-level data from the largest breweries, the estimations verify significant economies of scale in marketing and distribution costs. Based on information...
Full Text Available The article deals with the relationship between the East German Socialist Unity Party (SED and the Icelandic Socialist Party (SEI during the Cold War. It details the structural limitations of ideological cooperation between the two parties – Iceland’s NATO membership and the U.S. military presence – as well as its possibilities, especially in the 1950s, through the governmental participation of the SEI. Special attention is devoted to the role played by Einar Olgeirsson, the chairman of the SEI 1939–1968, who was instrumental in forging and developing political, economic, and cultural ties with the SED and the German Democratic Republic. The article argues that this experiment in transnational solidarity between socialist parties from two radically different political systems failed in the end due to several factors, including ideological differences and the political and economic development in Iceland.
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Final Results of the Fifth New Shipper Review AGENCY: Import Administration, International Trade Administration... review of the antidumping duty order on certain frozen fish fillets from the Socialist Republic of...
... International Trade Administration Certain Steel Wire Garment Hangers From the Socialist Republic of Vietnam... order on certain steel wire garment hangers from the Socialist Republic of Vietnam (Vietnam). DATES... duty investigation of certain steel wire garment hangers from Vietnam.\\1\\ On January 28, 2013, the ITC...
The paper explores the dual role of school re-entry upon education inequality in four former socialist countries and shows that re-entry both served as an instrument to promote socially future working class cadres and as a second chance for upper class kids that did not succeed in educational transitions at the first opportunity. The paper explores the dual role of school re-entry upon education inequality in four former socialist countries and shows that re-entry both served as an instrum...
Full Text Available The aim of the article is to assess how much rebalancing of the six eurozone troubled economies (Ireland, Portugal, Spain, Italy, Greece, Cyprus was achieved since the outbreak of the financial crisis in 2007/2008, to what extent migrations were a mitigating factor on their labor markets and how much the troubled countries were assisted in their adjustment by other countries. The first part of the article shows an overall macroeconomic picture of the troubled economies' rebalancing together with a presentation of the etiology of the problem (i.e. accumulation of imbalances. The second part presents the role of migrations and the third part the role of the Eurosystem and international financial assistance in the rebalancing process. The research is based on comparing developments in selected indicators across countries. The conclusions are that the rebalancing in the troubled countries was either at most limited or actually their economies continued to fall out of balance (various indicators showing various developments make the situation ambiguous, migrations were either not much supportive for rebalancing of the troubled economies or they did not provide any dent to unemployment at all and that the troubled countries were provided with significant international assistance mainly in the form of the ECB policies causing the rise in the Target balances.
regional trade. The last part of the paper argues that more policy attention should be paid to border markets which, despite being at the margin of states, are a vital component of their economy. Fifty years after most West African states became independent and just as NAFTA turns 20, it is high time...... to challenge the conventional wisdom and put border markets at the center of trade policies....... their unequal economic development: the presence of a trade community, the combination of trading and productive activities, and the relative porosity of borders. In a second part, I examine how border markets on the U.S.-Mexico border must simultaneously guarantee the security of the state while favoring...
Full Text Available The purpose of research is to improve the understanding of nature underground economy by rational justification of the right to be enshrined a reality that, at least statistically, can no longer be neglected. So, we propose to find the answer to the question: has underground economy to stand-alone?
Full Text Available En este artículo se critican los puntos de vista de Ernest Mendel y de Alec Nove. Su autora sostiene que existen alternativas al mercado y a la planificación burocrática. Según ella, el mecanismo de precios es un instrumento indispensable para coordinar una economía socialista, pero este debe socializarse para que opere a favor y no en contra del socialismo. El mercado no puede rechazarse a priori y de lo que se trata es de establecer las condiciones para que funcione como una forma de libre asociación. Su trabajo estudia las formas de coordinación económica, pero no parte del mercado ni del plan, sino de la producción y reproducción de la fuerza de trabajo, puesto que en una economía capitalista, el hilo conductor es la producción y la reproducción del capital. La capacidad creadora de los seres humanos y la expresión y desarrollo de sus necesidades se subordina a la búsqueda de beneficios. El hilo conductor de la economía socialista debe ser la producción y reproducción de la fuerza de trabajo. Para que estas lleguen a ser prioritarias, se necesitan transformaciones en las relaciones con los medios de producción y los medios de consumo, en los lugares de trabajo y en el hogar, en las relaciones entre productores y consumidores.This article criticizes the approaches of Ernest Mandel and Alec Nove. The author holds that there are alternatives to the market and bureaucratic planning. She says that the price mechanism is an essential instrument for the coordination of a socialist economy; but that the mechanism should itself be socialized so that it will work in favor of socialism and not against it. The market cannot be rejected a priori, and the intention is to set the conditions for it to operate as a kind of free association. The article considers forms of economic coordination, but does not start from the market or a plan but from the production and the reproduction of labour power. The guiding thread of a capitalist
Apr 19, 2011 ... Banking is fundamentally characterized by systemic dynamism and industrial volatility. Forward moving ... Nigerian Banking sector; so that stakeholders would better come to terms with the degree and .... integration and contextual channeling into the statistical systems software. The correlation statistics ...
Svendsen, Gert Tinggaard
Because the transition to democracy in 1989 was a non-violent "velvet revolution", the old state monopolies were not removed. State monopolies have small-group advantages in contrast to the large group of private firms which are numerous and not yet organized. In the case of Russia, the numerous...... trade with the West and potential competition may mobilize popular support in favor of privatization and put pressure on the old state monopolies. However, lobbies in the European Union (EU) may oppose free trade to maintain their monopoly and to avoid competion for the Structural Funds in the EU....
... fractional cointegration relationships between the domestic direct property markets, the securitized property markets and the stock markets price indices in the case of the economies of Poland, of Austria...
Hansen, Michael W.
as the enclave economy par excellence, moving in with fully integrated value chains, extracting resources and exporting them as commodities having virtually no linkages to the local economy. However, new opportunities for promoting linkages are offered by changing business strategies of local African enterprises...... as well as foreign multinational corporations (MNCs). MNCs in extractives are increasingly seeking local linkages as part of their efficiency, risk, and asset-seeking strategies, and linkage programmes are becoming integral elements in many MNCs’ corporate social responsibility (CSR) activities....... At the same time, local African enterprises are eager to, and increasingly capable of, linking up to the foreign investors in order to expand their activities and acquire technology, skills and market access. The changing strategies of MNCs and the improving capabilities of African enterprises offer new...
Eikeland, Sveinung; Eythorsson, Einar; Ivanova, Lyudmila
The local branches of the Russian Forestry Service, the leskhozy, were known for their efficiency and management skills in the Soviet era and were one of the very few community-based "Soviet-type" institutions to survive the transition. This article examines the role of the leskhozy in the new market economy. Our analysis is based on data from interviews with informants attached to the forestry sector in the Murmansk area. In some cases their knowledge of the leskhozy stretches back to the emergence of the system in 1947. Our principal finding is that the struggle to survive as a federal body in the current legal and economic climate is forcing the leskhozy to relegate sustainable forestry management, presumably their primary raison d'être, to the lower portions of their list of priorities. Several consequences result. There is a heightened incidence of illegal logging, and corruption informs the allocation of forest areas to private interests. Stumpage prices have plummeted as timber from subsidized commercial cutting (ostensibly sanitary cutting or thinning) has flooded the markets. The root cause of these tribulations lies with the market-based harvesting permit system. Its introduction in the 1990s did little to eliminate the self-seeking practices of the old Soviet forestry management hierarchies. In the free market, local forestry managers can turn their dual responsibilities to their own advantage inasmuch as they control the allocation of harvesting permits while at the same time controlling logging practices.
N. Ya. Kazhuro
Full Text Available The essence of a competition as an objective law for development of the commodities production based on private ownership of the means of production and commodity exchange has been revealed in the paper. The paper presents an economic basis of market economy (private ownership which generates a corresponding production objective. Such purpose is a maximization of profit and a minimization of market subject expenses. Therefore, a struggle for the most favourable conditions on commodity production and sales is inevitable in such situation. The struggle is considered in the community with developed market economy as a competition.The competition is regarded not as an exogenic factor exerting its influence on market economic system from the outside, but as an objective phenomenon which is inherent to management market system in itself. Such treatment is substantiated by economic disintegration of individual commodity producers. Being an important engine of market economy, the competition does not establish its laws, and its role is to be an executive of data which are internally inherent in commodity production laws and firstly it concerns a profit maximization law which defines a purpose and guiding motif of economic entities in the given economy.The competition plays a contradictory role under conditions of market economy. On the one hand, it makes manufacturers constantly to aspire to expense reduction for the sake of profit increase. This has resulted in labour productivity increase, production cost decrease and a company receives an opportunity to reduce retail price for its products. Consequently, the competition acts as a potential factor for lowering of prices while increasing production efficiency. On the other hand, sellers have more freedom in price fixing under conditions of imperfect competition as they sell their products under the conditions of a monopolistic competition or an oligopoly. This is the main weakest point of the market
Collaborative business models are often equated with disruptive commercial endeavors, epitomised by a handful large global sharing platforms. They represent a certain archetype of business model, extracting profit from market-mediated peer exchanges. A narrow focus on for-profit models obstructs...... coming to terms with the full scope of the collaborative economy phenomena, driven by purposes and actors beyond commercial market domains. This chapter attempts to broaden this perspective by reviewing alternative value creation mechanisms and presents emerging business model archetypes....
Schwab, Amy [National Renewable Energy Lab. (NREL), Golden, CO (United States); Moriarty, Kristi [National Renewable Energy Lab. (NREL), Golden, CO (United States); Milbrandt, Anelia [National Renewable Energy Lab. (NREL), Golden, CO (United States); Geiger, Jesse [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lewis, John [National Renewable Energy Lab. (NREL), Golden, CO (United States)
This report provides a status of the markets and technology development involved in growing a domestic bioenergy economy as it existed at the end of 2013. It compiles and integrates information to provide a snapshot of the current state and historical trends influencing the development of bioenergy markets. This information is intended for policy-makers as well as technology developers and investors tracking bioenergy developments. It also highlights some of the key energy and regulatory drivers of bioenergy markets.
The Automotive Fuel Economy Program Annual Update summarizes the fuel economy performance of the vehicle fleet and the activities of the National Highway Traffic Safety Administration (NHTSA) during 2001. Included in this report is a section summariz...
Morrell, Louis R.
Asserts that while the Nasdaq bubble did burst, the new economy is real and that failure to understand the rules of the digital economy can lead to substandard investment portfolio performance. Offers guidelines for higher education institutional investors. (EV)
The Lisbon European Council conclusion was that in 2010 Europe will become 'the most competitive and dynamic knowledge-based economy in the world, capable of sustained economic growth with more and better jobs and greater social cohesion'. The knowledge economy concept is a part of modern society. This paper examines the knowledge economy concept and indicators for measuring the performance of the knowledge economy
Full Text Available Addressing the subject of this essay is based on the background ideas generated by a new branch of science - Biomimicry. According to European Commissioner for the Environment, "Nature is the perfect model of circular economy". Therefore, by imitating nature, we are witnessing a process of cycle redesign: production-consumption-recycling. The authors present some reflections on the European Commission's decision to adopt after July 1, 2014 new measures concerning the development of more circular economies. Starting from the principles of Ecolonomy, which is based on the whole living paradigm, this paper argues for the development within each economy of entrepreneurial policies related to the Blue economy. In its turn, Blue economy is based on scientific analyses that identify the best solutions in a business. Thus, formation of social capital will lead to healthier and cheaper products, which will stimulate entrepreneurship. Blue economy is another way of thinking economic practice and is a new model of business design. It is a healthy, sustainable business, designed for people. In fact, it is the core of the whole living paradigm through which, towards 2020, circular economy will grow more and more.
Full Text Available As two important constituents of China’s macro economy, there are varieties relationships among the stock market, the estate market and China’s macro economy. In order to investigate these relationships, in this paper, especially with the Macroeconomic Boom Index reflecting China’s macro economy, we use cointegration theory and Granger analysis to demonstrate that there are long-term equilibrium relationship and bidirectional causality between the macro economy and the securities business, also between the macro economy and the real estate market, however, this kind of extended Equilibrium relationship and bidirectional causality appears very weak.
Full Text Available The article presents five concepts of the creative economy based on creative economy theories and interpretations developed by five authors. John Howkins interpretation is based on the theory that the creative economy consists of fifteen creative industries (classified by the author. The creativity and economics is nothing new, but new is the relationship between them in its nature and extent. Broad interpretation of creativity led to the theory of creative class developed by Richard Florida. The creative class is a group of professionals, scientists and artists, whose existence creates economic, social and cultural dynamism, especially in urban areas. Richard Caves characterizes creative industries by seven economic properties and states that creative industries themselves are not unique, but sectors of the creative industries which are driven by creativity generate new approaches to business processes, new product supply and demand both in terms of economic and socio-economic development indicators of countries. Charles Landry has developed a concept of the creative city. The author argues that cities have the single most important resource - its people. Creativity substitutes the location, natural resources and access to the market, becoming a key engine in the dynamic growth of the city. This term is used to define a city where varied cultural activities are an integral part of economic and social functioning of the city. A theory developed by John Hartley is based on the concept of creative identities. The main factors behind the rapid growth of the creative industries worldwide are connected both to the technology and the economy. Digital revolution and economic environments in which this revolution took place has caused technological and communicational changes which have merged creating the conditions for the development of the creative economy.
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Partial Rescission of Antidumping Duty Administrative Review AGENCY: Import Administration, International Trade... administrative review of the antidumping duty order on certain frozen fish fillets (``fish fillets'') from the...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of Antidumping Duty New Shipper Review; 2012-2013 AGENCY: Import Administration, International...'') of the antidumping duty (``AD'') order on certain frozen fish fillets (``fish fillets'') from the...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of Antidumping Duty New Shipper Review; 2012-2013 AGENCY: Import Administration, International...'') of the antidumping duty (``AD'') order on certain frozen fish fillets (``fish fillets'') from the...
Sieben, I.J.P.; Halman, L.C.J.M.
n this study, we investigate morality in relation to the public good in post-socialist Europe. Public good morality is defined as the (non)acceptance of behaviour that contravenes the law and harms society and the greater good of the collective, such as cheating on taxes if one has the chance,
Rutten, E.; Fedor, J.; Zvereva, V.
This book examines the online memory wars in post-Soviet states - where political conflicts take the shape of heated debates about the recent past, and especially World War II and Soviet socialism. To this day, former socialist states face the challenge of constructing national identities, producing
Stepan, Matthias; Han, Enze; Reeskens, Tim
Ever since the introduction of the national political programme of “Building a new socialist countryside” (BNSC) in the early 2000s, renewed focus has been cast on how the Chinese government manages the gap between its rural and urban areas in the new millennium. Previous research has mostly studied
This project offers a close look into the meaning-making practices of the Bulgarian socialist state with regard to the conception and enactment of childhood. Held for the first time in 1979, on occasion of the UN declared "International Year of the Child", the International Children's Assembly "Banner of Peace" emerges as a…
Socialist egalitarianism and empowerment represent two different routes for realising equality of group differentiation. The former is pursued through top-down enactment by state apparatuses, while the latter closely relates to autonomous social movements, such as those occurring in liberal democratic societies. Using the experience of minority…
Pogrebnyakov, Nicolai; Kristensen, Jonas D.
Innovation subsidiaries increasingly follow manufacturing subsidiaries into emerging markets. Compared to well-established Western economies, emerging markets present unique challenges for the development of innovation management capabilities at subsidiaries. This paper distinguishes between...
growth.1 This is motivated by questions whether the literature on economic empowerment, labour market ... There is a fair amount of literature on the care economy across the globe, but our list indicates that ..... including structural and legal context, could help explain the over-representation of women in public sector jobs ...
The main kernel of this paper is on revamping Nigerian economy through .... products, such as starch, etc. are exported to advanced countries e.g. China, Germany, etc. ... allied industries shall engage in the actions of social responsibilities towards its host ... Also, the farmers will be assured of readily market for cassava.
In this article, the author offers his reflections on the American economy and its "slow, gradual, and tedious" recovery. What the American people are experiencing now is not one of the ordinary recessions that have been experienced since World War II. What they have seen is a bursting of a bubble in the credit markets and in financial…
Hein Roelfsema; Martijn A. Boermans
Chapter 2 in Impacts of Emerging Economies and Firms on International Business. One of the most remarkable phenomena of recent times is that a large number of firms from emerging economies have come to define and dominate new markets and enter the class of global innovation leaders. Firms that once
Therefore, the opportunities and potentials in Nigeria should be exploited, substantial investment planned and strategic marketing of Nigeria as a desirable tourist destination must be in place. Keywords: Economy diversification, Tourism Development, Tourism contribution, Gross Domestic Product, Mono-economy ...
Taylor, J. Edward
Rural Mexico's economy currently relies heavily on illegal migrants to the United States. Severing the link between rural Mexican households and U.S. labor markets would require restructuring not only affecting U.S. industries, which are the focus of federal immigration reform, but also migrant-sending economies in Mexico. If effectively enforced,…
Evers, Kasper Grønlund
, the aim is to investigate how best to comprehend the economic system attested at Vindolanda and to consider the wider implications for studies of the ancient economy in general. This is accomplished by a three-step approach: first, the nature of the Vindolandan evidence is assessed, and the state...... of research on both studies of the ancient economy and the economy of early Roman Britain is accounted for, so as to highlight the value of the Vindolanda Tablets and lay the ground for the interpretations which follow. Secondly, the economic activities attested by the tablets are analysed in terms of market......, a model is outlined which takes into account the different economic behaviours revealed by the tablets and attempts to fit them together into one coherent, economic system, whilst also relating the activities to questions of scale in the ancient economy; moreover, the conclusions drawn in the study...
Full Text Available Economy of the Ural federal district is characterized by appreciable institutional transformations. First of all, it concerns arrival on the market new and leaving from the market of the old enterprises and the organizations, that, alongside with other factors, defines growth of competitiveness of regions. The processes of development of small business, strengthening of market positions of the organizations with participation of the foreign capital, activisation of the market of merges and absorption of the companies operate also in the same direction. Noted tendencies are characteristic for economy of all Russia. However regional features, as between federal districts, and subjects of Federation are kept also.
Sergey B. Kuznetsov
Full Text Available Objective to obtain dimensionless criteria ndash economic indices characterizing the national economy and not depending on its size. Methods mathematical modeling theory of dimensions processing statistical data. Results basing on differential equations describing the national economy with the account of economical environment resistance two dimensionless criteria are obtained which allow to compare economies regardless of their sizes. With the theory of dimensions we show that the obtained indices are not accidental. We demonstrate the implementation of the obtained dimensionless criteria for the analysis of behavior of certain countriesrsquo economies. Scientific novelty the dimensionless criteria are obtained ndash economic indices which allow to compare economies regardless of their sizes and to analyze the dynamic changes in the economies with time. nbsp Practical significance the obtained results can be used for dynamic and comparative analysis of different countriesrsquo economies regardless of their sizes.
Alexander D. Begzi
Full Text Available In the Soviet period (1944-1991, the economy of Tuva was rapidly developing. Massive state investment helped create enterprises and whole branches of industry, which in turn outlined the areas of economy Tuva could specialize in. Indicators of regional economic development were higher than the national average. The industrial infrastructure created over the period, including transport, power engineering and technologies, has been since used for several decades without major renovations. However, the smooth function of the regional economy could be guaranteed only under directive planning and stringent control over prices, flows of resources, goods and other assets of planned Socialist economy. Together with other specific features of its economy, this made the economy of the region highly volatile. A breakdown of both economic achievements of the Soviet Tuva and the problems it faced will help us learn the lessons to be accounted for while developing new long-term development programs. Although the programmatic documents adopted in early 2000s (such as the Strategy of social and economic development of the Republic of Tuva to the year 2020, passed in 2007 have not yet expired, the economic situation and the configuration of the main economic actors have seriously changed, which calls for a radical overhaul of the long-term strategy of social and economic development. Some problems which have been around since the Soviet times have grown more acute, while others were replaced by their opposites. The revenue section of the region’s consolidated budget, just as it was in the Soviet period, cannot fully provide the required social expenditures. At the same time, the majority of Soviet mechanisms of economic development are now totally dysfunctional, which calls for the use of new organizational and financial instruments. The article was based on the data from official statistical collections of the Republic of Tuva, and the information found in
Jung Mo Sung
Full Text Available The theory of the religious market begins with the observation of religious pluralism and comes to the conclusion that, in this situation, religion becomes a matter of personal or family choice and it is established a situation of competition among religions subordinated to the logic of the market economy. Thus, religions reduced to the sphere of private life can no longer perform the traditional role of religions in legitimizing the whole social order. This article analyzes the thesis of the subordination of religion to the logic of the market economy and puts forward the hypothesis that the traditional function of the religion of "absolutizing the relative and legitimizing the arbitrary" is exercised today by the capitalist market system itself; and, because of that, the logic of the market economy has become the "natural” way of thinking today, even to think about religion. To this purpose, it dialogues mainly with the thought of P. Berger, P. Bourdieu, M. Weber, W. Benjamin, K. Marx, F. Hinkelammert and H. Assmann, showing how the theme of faith in and sacralization of market appears in discourses of economists.
When measured in the purchasing power parity (PPP), China and India are largest economies in the world. They also registered high growth rates these years, combination of the two facts creates significant implications for the future economic relations: The Chinese economy will surpass the U.S. in around ten years from now; The Indian will overtake the Japanese in about five years time, and etc. A simple theoretical reflection on the combinational deduction negates such casual observations. Th...
The stock market is a common feature of a modern economy as it promotes the growth and development of the economy. This paper examines the likely influence of recent stock market fluctuations on consumer behavior and the economy, focusing on wealth effects and consumption. After reviewing the relevant theoretical ...
Tom Johannes Kauko
Full Text Available Territorial competition in the New Economy comprises a variety of strategies, both direct and indirect ones. In this paper, first the most common direct strategies (traditional, ICT, cultural are discussed from an interdisciplinary perspective (urban geography, economic geography and urban economics, at least. Then, some indirect real estate and housing strategies (value creation, affordability are discussed. After that, the post-socialist context (where Richard Florida’s ideas have a high uptake is examined as a specific case of dynamic territorial competition process. Finally, a summary and conclusions are given.
Full Text Available Twenty-five years have passed since the fall of the Berlin Wall and the beginning of transition in the former socialist countries. The aim of this research is to find out how women in East Germany and Poland, which followed completely different transformation patterns, have been affected by the introduction of market reforms.
Full Text Available Some economic conditions in Iran such as presence of stagflation, inappropriateness of business environment, foreign investment decrease, and technological and technical knowledge disconnection of domestic product prepare a ground for activities in resistance economy field. Resistance economy prepares the grounds for the comprehensive growth and development even in the economic pressures and sanctions. Relying on the resistance economy, dependency on foreign countries should be reduced and increasing the self-reliance and the use of domestic products should be emphasized. Undoubtedly, stock market positively affects on manufacturing domestic products and reduces the market liquidity, since growth in manufacturing domestic products will reduce the country’s dependence on some foreign goods and play pivot role in forming the proper consumption pattern in the resistance economy. Therefore, more companies will be established, product and national income will be increased and unemployment will be reduced. Currently, these effects are not obvious in the economy of the country, because the structure of Iran’s financial system is seemingly bank-based not market-based. This descriptive-correlational study aims to investigate the impact of increase in stock market turnover on the disappearance of Iran’s market-oriented economy which results in the formation of resistance economy. To this end, the statistics obtained of the World Bank and the International Monetary Fund (IMF in 2006 and 2009 were used as statistical sample. The results revealed that the increase in Iran’s stock market turnover emphasized on the vital role of private sector in expanding country’s economy opportunities and prepared the grounds for achievement of resistance economy through increasing domestic product.
Full Text Available Securing refugees’ access to work opportunities would help to ameliorate the problems associated with a primarily humanitarian response. Market analyses can match gaps in the economy with refugees’ skills.
Full Text Available The initiative of this study derived from my concern of two critical urban issues in China today: housing and urban renewal. In the recent two decades, the Chinese urban housing stock underwent a significant, if not extreme, transformation. From 1949 to 1998, the urban housing stock in China largely depended on the public sector, and a large amount of public housing areas were developed under the socialistic public housing system in Beijing and other Chinese cities. Yet in 1998, a radical housing reform stopped this housing system. Thus, most of the public housing stock was privatized and the urban housing provision was conferred to the market. The radical housing privatization and marketization did not really resolve but intensified the housing problem. Along with the high-speed urbanization, the alienated, capitalized and speculative housing stock caused a series of social and spatial problems. The Chinese government therefore attempted to reestablish the social housing system in 2007. However, the unbalanced structure of the Chinese urban housing stock has not been considerably optimized and the housing problem is still one of the most critical challenges in China. Based on the background of privatization, the former socialistic public housing areas in Beijing confront the ambiguity of their housing stock and the confusion of housing management. While they still accommodate the majority of urban residents and are identified by their good places, (social and programmatic mixed communities, vibrant local life, and diversified housing types, they are facing the serious challenges of physical deterioration and social decline. Therefore, urban renewal was thought as an effective solution seeking to improve the living conditions in those neighborhoods. Nevertheless, urban renewal in itself is also a controversial issue. In order to solve the housing problem, the large-scale urban renewal in Beijing started at the beginning of the 1990s. The radical
Full Text Available The initiative of this study derived from my concern of two critical urban issues in China today: housing and urban renewal. In the recent two decades, the Chinese urban housing stock underwent a significant, if not extreme, transformation. From 1949 to 1998, the urban housing stock in China largely depended on the public sector, and a large amount of public housing areas were developed under the socialistic public housing system in Beijing and other Chinese cities. Yet in 1998, a radical housing reform stopped this housing system. Thus, most of the public housing stock was privatized and the urban housing provision was conferred to the market. The radical housing privatization and marketization did not really resolve but intensified the housing problem. Along with the high-speed urbanization, the alienated, capitalized and speculative housing stock caused a series of social and spatial problems. The Chinese government therefore attempted to reestablish the social housing system in 2007. However, the unbalanced structure of the Chinese urban housing stock has not been considerably optimized and the housing problem is still one of the most critical challenges in China.Based on the background of privatization, the former socialistic public housing areas in Beijing confront the ambiguity of their housing stock and the confusion of housing management. While they still accommodate the majority of urban residents and are identified by their good places, (social and programmatic mixed communities, vibrant local life, and diversified housing types, they are facing the serious challenges of physical deterioration and social decline. Therefore, urban renewal was thought as an effective solution seeking to improve the living conditions in those neighborhoods. Nevertheless, urban renewal in itself is also a controversial issue. In order to solve the housing problem, the large-scale urban renewal in Beijing started at the beginning of the 1990s. The radical
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension... Reviews AGENCY: Import Administration, International Trade Administration, Department of Commerce. DATES..., AD/CVD Operations, Office 9, Import Administration, International Trade Administration, U.S...
... Manager, Import Administration, RE: Administrative Review of Certain Frozen Fish Fillets from the... International Trade Administration Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension... Reviews AGENCY: Import Administration, International Trade Administration, Department of Commerce...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam... New Shipper Reviews AGENCY: Import Administration, International Trade Administration, Department of... Operations, Office 9, Import Administration, International Trade Administration, U.S. Department of Commerce...
... International Trade Administration Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension...: Import Administration, International Trade Administration, Department of Commerce. EFFECTIVE DATE: August 9, 2010. FOR FURTHER INFORMATION CONTACT: Alan Ray, AD/CVD Operations, Office 9, Import...
... International Trade Administration Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension...: Import Administration, International Trade Administration, Department of Commerce. DATES: Effective Date..., Office 9, Import Administration, International Trade Administration, U.S. Department of Commerce, 14th...
Brüggemann, Karsten, 1965-
Arvustus: Socialist escapes: Breaking away from ideology and everday routine in Eastern Europe 1945-1989, co-edited with Cathleen M. Giustino and Catherine J. Plum (New York and Oxford: Berghahn Books, 2013).
Sara Hidalgo García de Orellán
Full Text Available This article explores the roots of the 1909 Republican-Socialist Alliance with the theoretical and methodological tools provided by the emotional turn. This alliance has been considered in most of the historiography to be the product of a political context. In analyzing the Basque case in this article, I will examine how the central ingredient of that coalition was the change in the class emotional tone and emotional regime starting in 1903. The hegemonic “Red Socialist emotional regime” was challenged for the first time that year, and the definition of class, class emotional tone and class political goals were brought into question at that moment, which is where I situate the roots of the Republican-Socialist Alliance. The anticlerical events of that time, the approval of the Proposición Quejido (Quejido Proposal, and the founding of the Socialist Youth organization all provide evidence of the shift in the working-class movement.
Pawlak, J. J.
There exists a direct correlation between improvements in standard of living and the consumption of resources. To be able to maintain the standard of living of a modern developed country, society must adapt to an economy based on sustainable processes, energy, and raw materials. The sustainable economy presents itself as a disruptive technology to the traditional economy, which is based largely on non-renewable resources. The issue seems to be more about when will we switch to a sustainabl...
The chapter is an attempt to answer the question: how is the actual green economy implementation process underway to be measured? The answers were given firstly by the international organizations OECD, UNEP, Word Bank, Global Green Growth Institute, as well as the consulting company Dual Citizen. Also the author of this chapter proposed the Green Economy Index. There is a growing awareness concerning the need for international unification of the indicators used to measure a green economy. Exi...
Cochoy, Franck; Dubuisson-Quellier, Sophie
The attention paid by economic sociology to activities aimed at controlling the market reminds us that the social aspects of the economy include not only market organizations and institutions, but also some activities that are focused on economic exchanges more directly. We propose the notion of “market professionals” to account for the people (recruitment experts, consumer activists, distributors, etc.), the occupations (marketing, design, packaging, etc.) and devices (press, consumer guides...
Salvatore Dell'Erba; Emanuele Baldacci; Tigran Poghosyan
We use novel spatial econometrics techniques to explore spillovers in the sovereign bond market for 24 emerging economies during 1995-2010. The paper extends the previous literature focusing on spillover effects from advanced to emerging economies by analyzing transmission of shocks across emerging markets. After controlling for the impact of global factors, we find strong evidence of spillovers from both sovereign spreads and macroeconomic fundamentals in neighboring emerging economies. In a...
Warner, Ethan [National Renewable Energy Lab. (NREL), Golden, CO (United States); Moriarty, Kristi [National Renewable Energy Lab. (NREL), Golden, CO (United States); Lewis, John [National Renewable Energy Lab. (NREL), Golden, CO (United States); Milbrandt, Anelia [National Renewable Energy Lab. (NREL), Golden, CO (United States); Schwab, Amy [National Renewable Energy Lab. (NREL), Golden, CO (United States)
This report is an update to the 2013 report and provides a status of the markets and technology development involved in growing a domestic bioenergy economy as it existed at the end of 2015. It compiles and integrates information to provide a snapshot of the current state and historical trends influencing the development of bioenergy markets. This version features details on the two major bioenergy markets: biofuels and biopower and an overview of bioproducts that enable bioenergy production. The information is intended for policy-makers as well as technology developers and investors tracking bioenergy developments. It also highlights some of the key energy and regulatory drivers of bioenergy markets.
Monroe , Hunter K
Recent turmoil in financial and commodities markets has renewed questions regarding how well markets discover equilibrium prices, particularly when those markets are highly complex. A relatively new critique questions whether markets can realistically find equilibrium prices if computers cannot. For instance, in a simple exchange economy with Leontief preferences, the time required to compute equilibrium prices using the fastest known techniques is an exponential function of the number of goods. Furthermore, no efficient technique for this problem exists if a famous mathematical conjecture is
This book gives readers an understanding of the factors that shape the marketing decisions of managers who operate in African economies. It brings together fifteen African cases written by scholars and executives with rich knowledge of business practices in Africa. By combining theoretical insights...... with practical information from the cases, the reader is introduced to issues relating to marketing strategy formulation, managerial actions in designing and implementing marketing decisions, as well as the operational contexts within which these actions are taken. The book is essential reading for both...... undergraduate and graduate students in marketing, international strategy and international business who require an understanding of African business...
Pedersen, Else Marie Wiberg
Luther develops his idea the grace of God in tandem with his idea of economy, and a society characterized by ethical and social values such as love of neighbour and caring for the poor. Hence, the reformer's search for a gracious God is developed along with his criticism of the current indulgence...... doctrine and the emerging 'oeconomia moderna'. Thus, building on a simul gratia et oeconomia, grace and economy simultaneously, Luther's reformation theology can be perceived as te intersection of an economy of grace and a horizontal social economy (works of love) in quotidian life that together constitute...
Buren, N.W.M. van; Demmers, M.; Heijden, R.E.C.M. van der; Witlox, F.
While there is great potential in the chief values and prospects of a circular economy, this alone will not bring the circular economy to market or scale. In order for a circular economy to materialize, an integrated approach that focuses on a long-term system change or transition is required. To
This paper examines the emergence of Hyderabad as a hub of the global information technology economy, and in particular, the role of higher education in Hyderabad's transformation as the labor market for the new economy. The extensive network of professional education institutions that service the global economy illustrates the ways in which…