Ecology and economy

International Nuclear Information System (INIS)

Menard, M.; Bischoff, J.

1980-01-01

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. (orig.) [de

On Population Mobility in Market Economy

Institute of Scientific and Technical Information of China (English)

Yu Xianzhong

2005-01-01

Regular and extensive social population mobility in natural economy is neither necessary nor possible while in a planned economic system, social population distribution is necessary but social population mobility is unlikely. Modern market economy as a highly mobile economy has a free-mobile population characteristic of market economy, which is fundamental to optimize human resource distribution. The rule for the modern market-based population movement is as follows: If the mobile population is the rational behavior choosers, under the permissive developmental environment as arranged by the social system, they tend to move from low profit-making fields to high income fields when there exists comparable difference of income in different regions and different industries, and various potential and practical profit-making chances. The degree of difference in comparable income is positively co-relative to the velocity and flux of mobile population.

The Second Sex in Hungary. Simone de Beauvoir and the (Post-Socialist Condition

Directory of Open Access Journals (Sweden)

Mária Joó

2011-01-01

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.

Radiation processing and market economy

International Nuclear Information System (INIS)

Zagorski, Z.P.

1998-01-01

In the system of totalitarian economy, regulated by bureaucracy, the real value of equipment, materials and services is almost completely unknown, what makes impossible the comparison of different technologies, eliminates competition, disturbs research and development. With introduction of market economy in Central and Eastern Europe, the radiation processing has lost doubtful support, becoming an independent business, subject to laws of free market economy. Only the most valuable objects of processing have survived that test. At the top of the list are: radiation sterilization of medical equipment and radiation induced crosslinking of polymers, polyethylene in particular. New elements of competition has entered the scene, as well as questions of international regulations and standards have appeared

Role of Creative Industries in the Post-Socialist Urban Transformation

Directory of Open Access Journals (Sweden)

Stryjakiewicz Tadeusz

2014-06-01

Full Text Available Over the past two decades the cities in Central and Eastern Europe have witnessed a wide-ranging transformation in many aspects. The introduction of a market-oriented economy after half a century of socialism has brought about deep social, economic, cultural and political changes. The first stage of the changes, the 1990s, involved the patching up of structural holes left by the previous system. The post-socialist city had to face challenges of the future while carrying the ballast of the past. Rapid progress in catching up with the West transformed the city a great deal. Later on, the advent of the 21st century brought a new wave of development processes based, among other things, on creativity and innovation. Hence our contribution aims to explore the role of creativity and creative industries in the post-socialist urban transformation. The article consists of three basic parts. In the first we present the concept of a ‘creative post-socialist city’ and define the position of creative industries in it. We also indicate some similarities to and differences from the West European approaches to this issue. In the second part, examples from Central and Eastern Europe are used in an attempt to elucidate the concept of a ‘creative post-socialist city’ by identifying some basic features of creative actions /processes as well as a creative environment, both exogenous and endogenous. The former is embedded in different local networks, both formal (institutionalised and informal, whereas the structure of the latter is strongly path-dependent. In the third part we critically discuss the role of local policies on the development of creative industries, pointing out some of their shortcomings and drawing up recommendations for future policy measures.

Self-management socialism compared to social market economy in transition: Are there convergent paths?

OpenAIRE

Mulaj, Isa

2009-01-01

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...

The Institutional Framing of the Market Economy

DEFF Research Database (Denmark)

Howells, John

2003-01-01

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...

Incidents in Czechoslovakian "Socialist Management" between 1956 and 1989. Conflict and Reconciliation

Czech Academy of Sciences Publication Activity Database

Vilímek, Tomáš; Tůma, Oldřich

42/43, Spring-Summer (2016), s. 187-240 ISSN 1310-9456 Institutional support: RVO:68378114 Keywords : socialist management * centrally planned economy * Czechoslovakia 1956-1989 Subject RIV: AB - History

A report on the development of China¡¯s market economy 2005

OpenAIRE

LI Xiaoxi

2006-01-01

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:...

Influence of peculiarities of transition economy on real estate market

OpenAIRE

Venclauskienė, Deimantė; Snieška, Vytautas

2010-01-01

Global integration processes highlight relevance and weight of real estate market in determining economic cycle processes in different countries. Real estate market processes in countries with transition economy differ from real estate market processes in countries with developed economy in their peculiarities, possible reactions of market participators to economic shocks and consequences to country‘s economy. Common problems with property privatization, formation of legal and financial syste...

Democratic socialism and the choices in the building of a political economy

Directory of Open Access Journals (Sweden)

Claus Offe

2014-01-01

Full Text Available The holders of political power may choose among the myriad of institutional possibilities that exist between capitalism and socialism. After explaining why any system of production is mixed, this essay explores both why markets are frequently considered preferable to other arrangements and which are the “simple” wrongs associated with capitalist market economies. Among these “simple” wrongs, we find markets’ tendency to self-subversion, to permeate the whole of social life, and to inflict damage when it is permitted to markets to encompass the factors of production, like labor, natural resources, and money. Despite these “simple” wrongs, democratic socialists and social democrats believe that the political power mobilized within liberal democracies can cope with these side-effects by resorting to instruments like anti-trust legislation, market-constraining policies, and to the protection of the factors of production. Finally, the essay explains why social democrats and democratic socialists believe that liberal democracy, with its emphasis on liberty and equality, on the one hand, and on representation, contestation, and accountability, on the other, is the institutional arrangement that can best cope with the inherent pathologies of capitalist market societies

NEO-AMERICAN MARKET ECONOMY MODEL

Directory of Open Access Journals (Sweden)

Chiriţescu Dorel-Dumitru

2011-09-01

Full Text Available The American market economy system is the convergence point of two theoretical models: the neoclassic model (which excludes the state intervention and keynesist model (in which the state intervenes as decisional economic agent. the relaunch of American economy set off at the end of the last century in the same time with Ronald Reagan presidency and relies on a important financial and technological patrimony.

On the Market Failures during the Development of Low-Carbon Economy

Institute of Scientific and Technical Information of China (English)

LU Xian-xiang; KE Zan-xian; ZHANG Yi

2014-01-01

Greenhouse gas emissions and the development of low-carbon economy are the biggest market failures,which are mainly manifested in such problems as the low-carbon economy being the world's largest externality,the low-carbon economy being the global public goods,and the free-rider along the development of low-carbon economy.The major reason for the market failures during the development of low-carbon economy is lacking of secured property ownership as well as the greenhouse effect.Thus,in order to establish secured property rights through institutional innovation,it is necessary not only to reduce the exploitation of fossil fuels from the source,but also to allocate the emission rights fairly.To develop the low-carbon economy is faced with market failures,but we can not therefore deny the basic roles of the market mechanism in the development of low-carbon economy,rather to correct and adjust the market through institutional innovations,so as to facilitate the establishment and operation of the low-carbon economy.For the sake of the sustainable development of human society,we have to adjust or change the rules of the resource allocation in the market economy,embedding such factors as emission reduction,low-carbon,environmental protection,etc.into the institutional framework of the market via rules,systems and policies.

Energy implications of the move from a command to a market -based economy in Eastern Europe

International Nuclear Information System (INIS)

Bashmakov, I.

1991-01-01

Three scenarios of East Europe energy development till 2010 are considered. Calculation results show that in the short and long-term future Eastern Europe will encounter two types of difficulties. Firstly, the USSR can no longer cover strong demand for cheap oil from East European clients for the foreseeable future. Hence, Eastern Europe will need to find another source of oil supply and create corresponding infrastructure. Secondly, introduction of new rules in mutual trade of socialist countries and growth of the unit energy import value will force East European countries to pay substantially larger energy import bills (to 20-30 bln.$ in 1991-2000). Taking into account the difficulties to earn such volumes of hard currency the main conclusion is that the problem of energy supply will be one of the most difficult in Eastern Europe transition from a command to a market economy. (author)

Political Capital in a Market Economy

Science.gov (United States)

Nee, Victor; Opper, Sonja

2010-01-01

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.…

CHARACTERISTICS OF THE EMERGING MARKET ECONOMIES - BRICS, FROM THE PERSPECTIVE OF STOCK EXCHANGE MARKETS

Directory of Open Access Journals (Sweden)

Sechel Ioana-Cristina

2014-07-01

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

SOME ASPECTS REGARDING THE POSITION OF ROMANIAN FEMALE INTO THE LABOUR MARKET

Directory of Open Access Journals (Sweden)

HORDAU ANNE-MARIE ANDREEA

2009-05-01

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

76 FR 34046 - Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties

Science.gov (United States)

2011-06-10

... DEPARTMENT OF COMMERCE International Trade Administration Non-Market Economy Antidumping...'') administrative reviews involving non-market economy countries (``NME''), the Department of Commerce (``the...-deposit rate for each company subject to the investigation or review. In market economy (``ME...

76 FR 65694 - Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties

Science.gov (United States)

2011-10-24

... DEPARTMENT OF COMMERCE International Trade Administration Non-Market Economy Antidumping... refining its practice to instruct CBP to liquidate such entries at the non-market economy (``NME'')-wide... Non-Market Economy Antidumping Proceedings: Assessment of Antidumping Duties, 76 FR 34046 (June 10...

Evaluation of the socialist health policy in Greece.

Science.gov (United States)

Tsalikis, G

1988-01-01

Following seven years of military rule and seven years of "democratic restoration" under the Right, Greece is now sailing under the flag of the Panhellenic Socialist Movement (PASOK). The Movement was inspired by the ideals of participatory democracy and socialization of the economy and of social services. A central part of socialist planning brought about the National Health System Act (1983) and related legislation intended to universalize health care, remove disparities, and restrict the private sector. It is argued here that the implementation of PASOK's statutory reforms in this field, as in others, will be subject to its ability to transform traditional patterns of production and consumption. As is now increasingly understood, it is hard to plan for socialism on the basis of wants provisions and patterns of consumption established under capitalism.

Relationship marketing in digital economy

Directory of Open Access Journals (Sweden)

Đorđević Bojan

2007-01-01

Full Text Available Relationship marketing in digital economy represents a new phase of marketing development in the XXI century. Key features lie in the development of closer relationship and cooperation between companies and their Internet consumers and partners. It was the problem of nonestablished e-relationships that was the main reason for failure of those companies that first started their new, digital environment business. Challenge for companies in the future will be introducing the CRM concept, with the main goal of bringing the high satisfaction and loyalty to their consumers in the e-market. .

MARKETING IMPLICATION IN WINE ECONOMY

Directory of Open Access Journals (Sweden)

Ştefan MATEI

2014-11-01

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.

Corruption: Threat to democracy and market economy in Nigeria ...

African Journals Online (AJOL)

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 ...

Do 'liberal market economies' really innovate more radically than 'coordinated market economies'? Hall & Soskice reconsidered

NARCIS (Netherlands)

Akkermans, D.H.M.; Castaldi, C.; Los, B.

2009-01-01

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)

Smallholder dairy sheep production and market channel development: An institutional perspective of rural Former Yugoslav Republic of Macedonia

NARCIS (Netherlands)

Voors, M.J.; Haese, D' M.F.C.

2010-01-01

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

ECONOMY AND SOCIAL ENVIRONMENT

Directory of Open Access Journals (Sweden)

Oleg BOGOMOLOV

2008-12-01

Full Text Available Market reforms in the post-socialist countries have brought into sharp focus the problem of interconnection and interaction between the economy and the social environment. The economy is inseparable from politics and the operation of the political system, from the state of the social consciousness, the moral and cultural level of the population and from many other aspects of human life and behavior, in short, from everything that can be described by the concept of social environment. Society in every country is a single organism with closely interconnected and interacting parts and systems. Their conjugation and mutual influence are not always apparent and are often overlooked. It is quite easy to see how changes in policy affect the economy and then trace the feedback effect of the economy on policy. It is more difficult to discern the direct and feedback relationship of the economy with administrative relations, with the state of culture, science, morals and public opinion. Meanwhile, an underestimation of these mutual influences is a frequent cause of failures in socio-economic transformation. It is to be regretted that the reforms in Russia were accompanied by a dangerous disruption not only of the economy, but also of the entire system of social relations. What was primary here and what was secondary? In order to answer this question the paper takes a theoretical look at the problem of interaction between the economy and the social environment.

Marketing and its position in modern economy

OpenAIRE

Krupička, Roman

2009-01-01

English Title & Summary Marketing And Its Role In Current Economy In initial part of this diploma work, its author tries to define marketing in its actual meaning, to desribe marketing trends from the historical and contemporary view and to analyze marketing activities in relation to marketing mix. He emphasises the boundary of these activities to their economical consequences, revealing these consequences and their analysis on theree levels - single bussines, regionaly and in scale of intern...

探析和谐视阈下的社会主义价值观%From the Perspective of Harmonious Socialist Values

Institute of Scientific and Technical Information of China (English)

江忠; 王道文

2013-01-01

随着社会主义市场经济不断发展，社会各领域都发生了深刻变化，从世界观、人生观和价值观到人们日常生活方式、人际交往方式、消费理念等都产生了巨大变化。因此，我国社会主义核心价值体系建设必须加快步伐，这样才能有效缓解社会主义价值观矛盾。本文主要探讨和谐视阈下的社会主义价值观构建途径。%With the continuous development of the socialist market economy,all sectors of the society has un-dergone profound changes,from the world outlook,outlook on life and values to have a great change in people daily life style,style,interpersonal consumption concept.Therefore,we must speed up the pace of the construction of the socialist core value system in our country,so as to effectively ease the contradiction of the socialist values.This paper mainly discusses the harmonious socialist value under the construction way.

Can the social market economy be a viable solution for a future sustainable development of the Romanian economy?

Directory of Open Access Journals (Sweden)

Strat Vasile Alecsandru

2017-07-01

Full Text Available Social market economy (SME is a socio-economic model which attempts to unite the freedom of a competitive market economy with social equilibrium and progress. It is seen as a “third path” besides a purely liberal market economy and an economy which is heavily regulated by the state – in the SME there is an intermediate degree of regulation. Historically, the model corresponds to the real economic policy of the German Federal Republic after the 1950s, thus it is sometimes called Rhine capitalism. According to the Treaty of Lisbon from 2007, the European Union pursues a competitive social market economy with full employment and social progress. On one hand, this model wishes to exploit the advantages of a free market economy, especially its high efficiency in the production of goods, while on the other hand it uses state intervention to correct for potential negative outcomes from market processes. Further characteristics of this model are: ensuring competition, free price formation, private property, motivating performance through profit aspirations as well as guarding personal freedoms. Last but not least, this model encompasses a strong structural policy by encouraging weaker geographical regions or industries. Therefore, it is highly probable that such a socio-economic model might be the appropriate alternative to fuel a sustainable growth of the Romanian economy. Using county level data, from the National Institute of Statistics and from the National Office of the Trade Register, for the year 2015 we show that the Romanian economy is highly polarized with a few growth poles (islands and a large number of underdeveloped units. Thus, it becomes obvious that these important disparities will hinder a future sustainable development and by consequence a clear “road-map” represented by this economic model might prove to be a viable solution for the Romanian economy.

Service Marketing Competitiveness In The New Economy

OpenAIRE

Aleksandar Grubor

2008-01-01

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...

The Migration of Railway Freight Transport from Command Economy to Market Economy: The Case of China.

OpenAIRE

Xie, R.; Chen, H.; Nash, C.

2000-01-01

In recent years, the Chinese railways freight transport has been facing great challenges from the transport market and economic expansion. The total freight volume has been increasing. But the market share of railway freight has decreased greatly, especially since the beginning of migration from command economy to market economy. In this paper, we make some insight into five aspects. Firstly, the historical and current situation of freight transport in China and the relationship between econo...

Free Market Institutions and FDI Performance in Emerging Asian Economies

Directory of Open Access Journals (Sweden)

Vogiatzoglou Klimis

2016-12-01

Full Text Available This paper examines long-term developments in the quality and efficiency of free market institutional systems across thirteen emerging economies from South, South-east, and East Asia over the 1995–2014 period. The paper also empirically assesses the impact of free market institutions on a country’s inward foreign direct investment (FDI performance. We find that the free market institutional framework in most economies is still relatively inefficient, restrictive, and underdeveloped but has, nevertheless, substantially improved during the last twenty-year period. Our empirical results also indicate that a free market institutional system in a host-country is a factor that attracts inward FDI to emerging Asian economies by multinational companies. Consequently, policy makers should focus on further improving the quality of free market institutions.

Do 'liberal market economies' really innovate more radically than 'coordinated market economies'? Hall and Soskice reconsidered

NARCIS (Netherlands)

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)

Measuring economies of scale at the city market level.

Science.gov (United States)

Valdmanis, Vivian G

2010-01-01

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.

Problems of Transition from a Planned to a Market Economy

OpenAIRE

Krelle, Wilhelm

2000-01-01

The paper shows that a transition from a planned to a market economy implies an important change of the structure of production, i. e. a reallocation of resources which takes time and induces sufferings for some people. These sufferings may be reduced by subsidization of some sectors, with some negative effects on GDP and growth if subsidization exceeds a certain size. The time tillthe economy in transition reaches an ``old" market economy (asymptotically or totally) is estimated by different...

Mentality of nuclear energy and industry experts from post-socialist and post-capitalist countries and a problem of cooperation

International Nuclear Information System (INIS)

Gavrilov, S.D.; Kremnev, V.A.

1996-01-01

The disintegration of the Socialist Community and thereafter Yugoslavia, the Soviet Union and Czechoslovakia has led to the establishment of more than 20 post-socialist states. Their economies differ widely, and yet a mentality of the overwhelming majority of various strata of the population, including scientists and engineers, is almost invariable so far. The processes have had an effect on the mentality of nuclear experts, especially those who deal with nuclear weapon. The superposition of general crises of post-socialist countries and an availability of nuclear facilities and installations and nuclear technologies have already had an adverse effect on the specialists' mentality. On the other hand, experts from the post-capitalist countries have other mentalities and their socioeconomic position is cardinally distinguished. Thus, at most they may barely perceive the post-socialist specialists' envelope of mentality. It doesn't only prevent individuals' collaboration and organizations' cooperation by the lack of socio-culture-psychological misunderstanding,. In some instances it has already resulted in the interruption or cancellation of joint projects at the early stages of their implementation. The report is devoted to the problem of mutually beneficial interaction between experts and organizations from recently antagonistic systems, promoting better understanding, and a different rank specialists mentality convergence. The mentality and economic situation for experts from both the post-socialist countries and the Western industrial economies are discussed

Top management turnover and firm default risk: Evidence from the Chinese securities market

Directory of Open Access Journals (Sweden)

Wei Ting

2011-06-01

Full Text Available China has moved rapidly from a socialist planned economy to a market economy. As a result, many enterprises in China are seeking talented top management to increase their performance and decrease their default risk. Studies abound regarding top management turnover and its relationship with firm performance, however, few studies have connected top management turnover with firm default risk. In China, a market with extensive financial fraud, firm default risk is an important factor and thus we explore this relationship in the Chinese securities market. Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period. In addition, following changes in top management, such firms default less than other companies.

Top management turnover and firm default risk:Evidence from the Chinese securities market

Institute of Scientific and Technical Information of China (English)

Wei; Ting

2011-01-01

China has moved rapidly from a socialist planned economy to a market economy.As a result,many enterprises in China are seeking talented top management to increase their performance and decrease their default risk.Studies abound regarding top management turnover and its relationship with firm performance,however,few studies have connected top management turnover with firm default risk.In China,a market with extensive financial fraud,firm default risk is an important factor and thus we explore this relationship in the Chinese securities market.Our results indicate that firms with higher default risk are more likely to change their top management in the next financial reporting period.In addition,following changes in top management,such firms default less than other companies.

An overview of uranium industries in countries of completed market economy

International Nuclear Information System (INIS)

Tan Chenglong

2007-01-01

Uranium is an important energy mineral and strategic resources, in countries of completed market economy, energy mineral exploration belongs to commercial mineral exploration. Because uranium exploration is higher in investment risk and rebound, the countries of completed market economy regulate uranium exploration by using laws, paying taxes and protecting environment. China will put the exploration of coal, oil and gas, uranium, oil shale, gas in coalbed in the first place in commercial mineral exploration. Therefore, it is quite necessary to understand uranium exploration industries in countries of completed market economy. (authors)

Financial development and poverty reduction in emerging market economies

Directory of Open Access Journals (Sweden)

Bayar Yılmaz

2017-01-01

Full Text Available Poverty reduction is one of the key challenges in the globalized world. This study investigates the relationship between financial development and poverty reduction in emerging market economies during the period 1993- 2012. The Carrión-i-Silvestre, del Barrio-Castro, and López-Bazo (2005 panel unit root test and the Basher and Westerlund (2009 cointegration test was applied considering the cross-sectional dependence and multiple structural breaks in the study period. The findings indicated that financial development, including banking sector development and stock market development, had a significant positive impact on poverty reduction in emerging market economies.

Market Economy under Rapid Globalization and Rising Productivity

OpenAIRE

Konov, Joshua Ioji

2012-01-01

Market economy of enhancing business laws in contracting, bonding, insuring, legal corporate structures , e.g. will marginalize the economic agents and tools that make market competition unfair, empower small and medium businesses and investors, and boost business activities, fiscal strength, employment, and capital transmission. Keynesian capital infusion will extend its market effect in such higher security marketplace.

The Socialist Car

DEFF Research Database (Denmark)

Christensen, Lars K.

2013-01-01

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....

Features of competition and development of markets in an age of globalized economy

Directory of Open Access Journals (Sweden)

Dr.Sc. Skender Kërçuku

2011-12-01

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.

International Education, the Formation of Capital and Graduate Employment: Chinese Accounting Graduates' Experiences of the Australian Labour Market

Science.gov (United States)

Blackmore, Jill; Gribble, Cate; Rahimi, Mark

2017-01-01

Since the late 1970s, international education has steadily gained in popularity in China. An emerging middle class seeks to strengthen its position in China's rapidly stratifying society under its socialist market economy with the shift from wealth creation for all to wealth concentration for a few. Previously, a foreign qualification was…

Enhancing rural economies: women in groundnut marketing in the ...

African Journals Online (AJOL)

Enhancing rural economies: women in groundnut marketing in the Bolgatanga area. ... The findings were that lack of credit support, transport limitations, inefficient groundnut marketing channels and systems, ... AJOL African Journals Online.

77 FR 38553 - Proposed Modification to Regulation Concerning the Use of Market Economy Input Prices in...

Science.gov (United States)

2012-06-28

... Regulation Concerning the Use of Market Economy Input Prices in Nonmarket Economy Proceedings AGENCY: Import... states that the Department normally will use the price that a nonmarket economy (``NME'') producer pays to a market economy supplier when a factor of production is purchased from a market economy supplier...

Interface between marketing, policy and development in emerging economies. An exploratory study and evaluation

Directory of Open Access Journals (Sweden)

Rodney Oudan

2017-11-01

Full Text Available This paper explores the role of marketing, policy, and development for emerging economies moving toward a market-driven economic environment. A historical review provides a foundation, then deductive analyses from theoretical reviews and transcripts reveal that such marketing is still in the developmental stages and has become necessary for the future direction of these economies. Following the findings, the paper provides managerial marketing implications and highlights how a market orientation and market-driven approach is necessary for the greater social good in a global economy.

Defining the relevant market in the sharing economy

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Francesco Russo

2016-06-01

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

Financial Development and Unemployment in Emerging Market Economies

OpenAIRE

Bayar Yilmaz

2016-01-01

Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative im...

Impact of Knowledge Economy on the Participation of Women in Labor Market

OpenAIRE

Abeer Mohamed Ali Abd Elkhalek

2017-01-01

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 for...

Jobs, careers, and becoming a parent under state socialist and market conditions: Evidence from Estonia 1971-2006

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Sunnee Billingsley

2014-06-01

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.

Effect of business regulation on investment in emerging market economies

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Birungi Korutaro

2013-01-01

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.

Interactions between the Real Economy and the Stock Market: A Simple Agent-Based Approach

Directory of Open Access Journals (Sweden)

Frank Westerhoff

2012-01-01

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.

Antidumping, countervailing duties and non-market economy status of Vietnam in the WTO

OpenAIRE

Claudio Dordi

2008-01-01

The non-market economy status has a negative influence on the international trade relations of Vietnam. The article analyses the legal consequences for Vietnam of the NME status and identify the roadmap to obtain the "market economy status" from other WTO members

The cost of fuel economy in the Indian passenger vehicle market

International Nuclear Information System (INIS)

Chugh, Randy; Cropper, Maureen; Narain, Urvashi

2011-01-01

To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of purchasing a more fuel-efficient vehicle and compare it to the benefit of lower fuel costs over the life of the vehicle. We estimate hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to compute 95% confidence intervals for the marginal cost to the consumer for an increase in fuel economy. We find that the associated present value of fuel savings falls within the 95% confidence interval for most specifications, in all market segments, for the years 2002 through 2006. Thus, we fail to consistently reject the hypothesis that consumers appropriately value fuel economy. - Highlights: → We examine the tradeoffs faced by new vehicle consumers in India. → We use hedonic price functions and instrumental variables. → We find no support for the hypothesis that consumers undervalue fuel economy. → Some consumers are willing to forgo substantial potential savings to own their preferred vehicle.

Private Forests: Management and Policy in a Market Economy

Science.gov (United States)

Frederick W. Cubbage; Anthony G. Snider; Karen Lee Abt; Robert L. Moulton

2003-01-01

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...

Deregulation and competitive power markets -- Its impact on developing economies

International Nuclear Information System (INIS)

Saran, K.

1998-01-01

The aim of privatization in developed countries is to encourage competition in generation and supply of power whereas the focus of developing economies is to bridge the demand supply gap by addition of capacity. However, there needs to be a reconciliation between these two apparently having conflicting objectives even in case of developing economies. In competitive power markets it is necessary that rules of the game are identified in advance and followed uniformly by all players. Existence of a ''referee'' would be necessary to regulate the game so as to ensure fair play. The regulatory institution would serve this purpose and work as a stimulator to development of privatization and competitive power markets in developing economies. Consumer interests should be of upper-most priority in the mind while establishing power markets and regulatory institutions, particularly as market forces are unfavorable to consumer interests in power shortage conditions. As competition fosters, gradually market forces take over and the ''harsh'' regulator would convert itself to a ''silent vigil referee'' so as to ensure genuine competition. The debate of deregulation vs. regulation will continue but the show must go on for building of an increasingly sound, competitive and vibrant power sector in the interest of end use consumers. The planned and phased restructuring though a delayed process is a preferred process and India is fully determined to achieve this

Information technology deployment in a transition economy: Results from Slovenia

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Hovelja Tomaž

2009-01-01

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.

Provision of Effectiveness of University Education on the Market Economy

Science.gov (United States)

Kuznetsov, Nikolai; Usenko, Lyudmila; Ivanova, Olga; Kostoglodova, Elena

2017-01-01

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…

Internal migration, regional labor markets and the role of agglomeration economies

DEFF Research Database (Denmark)

Mitze, Timo Friedel; Schmidt, Torben Dall

2015-01-01

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......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...... for the role of space–time dynamic adjustment processes and simultaneity among migration and labor market variables and finally test for heterogeneity in the migration response to regional labor market disparities among low- and high-skilled migrants. Our results support the view that agglomeration economies...

Energy policy and the market economy

International Nuclear Information System (INIS)

Ruehle, H.; Miegel, M.

1980-01-01

The consistent supply of the people with cheap energy is one of the biggest challenges of our time. There is hardly any other sphere where the opinions on the correct means and ways are as different as in energy policy. While some people see only the market as a suitable instrument to solve the energy problems, others are of the opinion that the problems can only be solved by planning by the government, quantitative restrictions, and other directive measures. The answer to this question involves long-term results, not only for our future energy policy. Planned economy in the energy section and marketing in all other sections cannot be continued for ever. The clarification of this question is the goal of these lectures and discussions held on the experts' meeting 'energy policy in marketing'. (orig.) [de

Reforming economic institutions in transition economies: what determines the speed of reform?

NARCIS (Netherlands)

Oomes, N.; in 't Veld, D.

2015-01-01

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

MARKETING PLANNING: STATE OF THE ARTIN A TRANSITIONAL ECONOMY

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Tamara Jovanov Marjanova

2014-07-01

Full Text Available This paper is provoked by the distorted marketing practices of companies that operate in a transitional economy, specifically Republic of Macedonia.The analysis has two main purposes: 1. to identify the weaknesses in the marketing planning process, 2. to prove the connection of continuous formal marketing planning with business performance, i.e.profitability and market share. Datawasobtainedfromprimary and secondaryresearch. Primary research was conducted in the food, i.e. confectionery industry, with two techniques – survey and interview with the managers of 38% of the registered companies in the industry. Secondary research was based onbooks, journals, web-cites.The analysiswasexecutedwith IBM SPSS 19. Conclusionsare provided through descriptive and deductive statistical analysis. The findings show that the companies have multiple weaknesses in the marketing planning process (continuous formal marketing planning occurs rarely, there is lack of knowledge regarding the systematic planning process and a tendency of misuse of analytical tools. Additionally, a connection and dependence of business performance on continuous formal marketing planning was found. Limitations arise from the sample size and the (one chosen industry sector. However, there are evident practical and social implicationswhich can contribute to better competitiveness:possibilities for correction of current practices and development of a systematic marketing planning process. This research is of a great value on a national level because it is one of few that analyzes this subject through primary data. Also, the results can be consulted by researchers and practitioners from other transitional economies.

Ecology and economy. Decentralisation, autonomy, small networks. Oekologie und Oekonomie. Dezentralisierung, Selbstverwaltung, kleine Netze

Energy Technology Data Exchange (ETDEWEB)

Menard, M.; Bischoff, J.

1980-01-01

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.

Towards a Confucian virtue bioethics: reframing Chinese medical ethics in a market economy.

Science.gov (United States)

Fan, Ruiping

2006-01-01

This essay addresses a moral and cultural challenge facing health care in the People's Republic of China: the need to create an understanding of medical professionalism that recognizes the new economic realities of China and that can maintain the integrity of the medical profession. It examines the rich Confucian resources for bioethics and health care policy by focusing on the Confucian tradition's account of how virtue and human flourishing are compatible with the pursuit of profit. It offers the Confucian account of the division of labor and the financial inequalities this produces with special attention to China's socialist project of creating the profession of barefoot doctors as egalitarian peasant physicians and why this project failed. It then further develops the Confucian acknowledgement of the unequal value of different services and products and how this conflicts with the current system of payment to physicians which has led to the corruption of medical professionalism through illegal supplementary payments. It further gives an account the oblique intentionality of Confucian moral psychology that shows how virtuous persons can pursue benevolent actions while both foreseeing profit and avoiding defining their character by greed. This account of Confucian virtue offers the basis for a medical professionalism that can function morally within a robustly profit-oriented market economy. The paper concludes with a summary of the characteristics of Confucian medical professionalism and of how it places the profit motive within its account of virtue ethics.

Financial Development and Unemployment in Emerging Market Economies

Directory of Open Access Journals (Sweden)

Bayar Yilmaz

2016-06-01

Full Text Available Financial sector has experienced significant expansion together with accelerating financial globalization in recent years and had important positive and negative economic implications for all the economies. This study investigates the interaction among unemployment, financial development and domestic investment in 16 emerging market economies during 2001-2014 period using panel data analysis. We found that there was long relationship among the variables and domestic investment had negative impact on the unemployment, while financial development had no significant impact on the unemployment. Furthermore, there was unidirectional causality from development of financial sector to unemployment.

Integrated marketing communications and their role in economy and education

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Melnikova Nadezhda

2016-01-01

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.

Integrated marketing communications and their role in economy and education

OpenAIRE

Melnikova Nadezhda; Naumenko Tamara; Smakotina Natalia

2016-01-01

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.

Crisis in Eastern Europe : The Downside of a Market Economy Revealed?

NARCIS (Netherlands)

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

Labor reallocation and firm growth: Benchmarking transition countries against mature market economies

OpenAIRE

Mitra, Pradeep; Muravyev, Alexander; Schaffer, Mark E.

2014-01-01

This paper uses firm-level survey data to study labor reallocation and firm growth in the transition countries over 1996 - 2005, including benchmarking against developed market economies. The data shows rapid growth of the new private sector and of the micro- and small-firm sectors, with the size distribution of firms moving towards the pattern observed in comparable surveys of developed market economies. Throughout, the regional patterns suggest greater convergence in the transition countrie...

Marketing Recommender Systems: A New Approach in Digital Economy

Directory of Open Access Journals (Sweden)

Loredana MOCEAN

2012-01-01

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.

A Simple Model to Teach Business Cycle Macroeconomics for Emerging Market and Developing Economies

Science.gov (United States)

Duncan, Roberto

2015-01-01

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…

The economy of palm oil production and marketing in Igala land ...

African Journals Online (AJOL)

The economy of palm oil production and marketing in Igala land. ... Palm oil processing and marketing constituted one of the major occupations of the people as men, women and even the young ones ... EMAIL FULL TEXT EMAIL FULL TEXT

Determinants of Stock Market Co-Movements between Pakistan and Asian Emerging Economies

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Muhammad Aamir

2018-06-01

Full Text Available This study analyzes the determinants of stock market co-movement between Pakistan and Asian emerging economies for the period 2001 to 2015. Augmented Dickey and Fuller (ADF and Philips-Perron (PP tests are applied to check co-integration between their stock markets. Results of this study reveal that there is long-term integration between the stock market of Pakistan and the stock markets of China, India, Indonesia, Korea, Malaysia and Thailand. This study reports the driving forces of the co-movement between the Pakistan and Asian emerging markets where co-integration is found. Results of the panel data reveal that there are significant underlying forces of integration between Pakistan and each Asian emerging stock market. The findings of this study have significant implications for policy makers in Pakistan who are designing strategies for macroeconomic harmonization and stability of the country’s economy against financial shocks.

76 FR 11196 - Antidumping Methodologies in Proceedings Involving Non-Market Economies: Valuing the Factor of...

Science.gov (United States)

2011-03-01

... DEPARTMENT OF COMMERCE International Trade Administration Antidumping Methodologies in Proceedings Involving Non-Market Economies: Valuing the Factor of Production: Labor; Correction to Request for Comment...-Market Economies: Valuing the Factor of Production: Labor; Request for Comment, 76 FR 9544 (February 18...

The Impact of Granting Market Economy Status to China on Antidumping Duties and Imports: The Case of Korea

Directory of Open Access Journals (Sweden)

Soonchan Park

2006-12-01

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%.

The Capital Market and Performance of the Nigerian Economy: A ...

African Journals Online (AJOL)

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 ...

Trends and prospects of tax reforms in China

Directory of Open Access Journals (Sweden)

Yoo Ho Lim

2015-04-01

Full Text Available This study aims to identify the reform trends in Chinese tax systems with emphasis on the structural tax reduction policy that has been enforced in China’s socialist market economy system for the past 10 years. This study also intends to draw the implications of such tax reforms by identifying the relationship between China’s socialist and capitalist market economy systems along with other related tax systems and describing the tax policy trends for the last 10 years. A comparison and analysis of the differences in viewpoints on taxation between these market economy systems is also conducted. The core and specific contents of this study on structural tax reduction policy that has been enforced in China over the past decade are arranged.

The Returns to Education in China: Evidence from the 1986 Compulsory Education Law. NBER Working Paper No. 18189

Science.gov (United States)

Fang, Hai; Eggleston, Karen N.; Rizzo, John A.; Rozelle, Scott; Zeckhauser, Richard J.

2012-01-01

As China transforms from a socialist planned economy to a market-oriented economy, its returns to education are expected to rise to meet those found in middle-income established market economies. This study employs a plausible instrument for education: the China Compulsory Education Law of 1986. We use differences among provinces in the dates of…

The Role of a Corporate Bond Market in an Economy -- and in Avoiding Crises

OpenAIRE

Hakansson, Nils H.

1999-01-01

While much attention has been focused on the optimal ratio of a firm's debt to equity, the "optimal" or best balance between bond financing and (longer-term) bank financing has scarcely been addressed. This essay examines the principal differences between an economy with a well-developed corporate bond market free from government interference and an economy in which bank financing plays a central role (as in East Asia). When a full-fledged corporate bond market is present, market forces hav...

Reallocation of resources between generations and genders in the market and non-market economy. The case of Italy

Science.gov (United States)

Zannella, Marina

2015-01-01

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

Regional strategy and its features in the conditions of market economy

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N.V. Myroshnyk

2012-12-01

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

THE STABILITY OF INTERNATIONAL FINANCIAL MARKETS VERSUS EMERGING ECONOMIES VULNERABILITY

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Luiza Loredana Nastase

2016-12-01

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

Market and state in the vision of constitutional economy

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Cristian-Ion Popa

2011-09-01

Full Text Available This study addresses the general problem of the relationship between Market and State from Constitutional Political Economy perspective, a research program that has developed in recent decades within Public Choice Theory as a paradigmatic alternative to Welfare Economics of Keynesian extraction.

Business management practices in the power industry: Decision making in a market economy

Energy Technology Data Exchange (ETDEWEB)

Brown, J.H. [Fieldstone Private Capital Group, New York, NY (United States); Rosel, V. [Fieldstone Private Capital Group, Prague (Czechoslovakia)

1995-12-01

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.

FX and derivatives markets in emerging economies and the internationalisation of their currencies

OpenAIRE

Torsten Ehlers; Frank Packer

2013-01-01

Derivatives markets in emerging economies have continued to grow since 2010, driven mostly by very strong growth in the OTC market. Emerging market currencies have become more international as offshore markets are a major contributor to FX turnover. The Chinese renminbi is actively traded within emerging Asia. Trading of emerging market currencies is positively related to the size of cross-border financial flows.

The hidden cost of consensus: How coordinated market economies insulate politics

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Lawrence Ezrow

2015-11-01

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.

The consequences of product markets globalization for Ukraine’s national economy

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Ivashchenko Maryna

2016-04-01

Full Text Available The features of global commodity markets have been considered in the article. The purpose of the article is to identify the sources and consequences of commodity markets globalization observable in the world economy and to develop the recommendations as for the state and corporate governance in the context of global competition. The author’s attention is paid to transnational corporations that make up the most significant competition in the global commodity markets. The influence of transnational business on product markets has been investigated. The last is defined as a product of globalization on the one hand, and becomes a catalyst of globalization processes on the other hand. Also the place of Ukraine in global ratings has been traced. It has been proved that the most effective way of behavior of Ukrainian enterprises on the global commodity markets among all the possible variants is the way of innovation development. Despite the reduction of the government regulatory role in the global economy it has been recommended the adoption of effective management decisions to support of the domestic producers but not at the expense of a healthy global competition.

Privatization, political risk and stock market development in emerging economies

OpenAIRE

Perotti, E.C.; van Oijen, P.H.

1999-01-01

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 political commitment to a market-oriented policy as well as to regulatory and private property rights. We present evidence suggesting that progress in privatization is indeed correlated with impro...

Impact of Knowledge Economy on the Participation of Women in Labor Market

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Abeer Mohamed Ali Abd Elkhalek

2017-07-01

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.

Low-fertility rate, market economy, and population control in China.

Science.gov (United States)

Wu, C; Mu, G

1996-01-01

This article discusses the increasingly market-oriented economy in China and the implications for family planning and population control. Modern China has experienced in a few decades a dramatic decline in fertility. Some new issues include whether faster population increase is harmless with a rapidly growing economy, and about whether a large population size offers greater opportunity to attract investment. China adopted its population policies against a specific historical context, and future policies will pertain to new issues. The baby boom of the mid-1970s led to population increase and the impossibility of limiting total population by 2000 to under 1.6 billion. China's huge population size has a significant adverse effect on the survival and development of the nation. Land and natural resources limit the nation's ability to accommodate greater numbers of people. 22% of land is hilly and habitable, but 78.9% is largely uninhabitable basins, mountains, and plateaus. 53% of lands are arid or semi-arid. 20.3% of China's population live under harsh natural conditions, and many are impoverished. 95% of China's population live in the eastern part of the country. Population pressure depletes resources and creates environmental problems. There is pressure on consumption of grain, and labor surpluses threaten modernization and create conflicts between egalitarianism and efficiency. Unemployment insurance and social security are not yet in place to cushion a shift to a competitive market system. Success in rural economic reform is tied to absorbing surplus rural labor. Family planning is critical to improving individual lives, a planned economy, and world responsibility. A market economy in China is likely to modernize attitudes toward reproduction and smooth the transition to a low, stable fertility, but government population control will still be needed. The unanswered question is through what means population will be controlled.

Labor Market Efficiency as One of the Pillars of the Global Competitiveness of an Economy - Conclusions for the Labor Market Regimes of the EU Countries

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Izabela Ostoj

2015-04-01

Full Text Available Labor market activity may have an effect on global economy competitiveness. This issue has been described as "labor market efficiency" (LME, which is a constituent of The Global Competitiveness Index published by The World Economic Forum (WEF. The article's purpose is to clarify the phenomenon of LME and explain the mechanisms which help the constituents affect economy competitiveness. The structure of LME points at the meaning of labor market regime, especially after considering the fact that European Union countries operate within various models of regime. The analysis of the LME diversity may help determine what type of labor market regimes are most efficient in enhancing economy competitiveness

An important way to build a new socialistic countryside: developing circular economy

Institute of Scientific and Technical Information of China (English)

Ji Kunsen

2006-01-01

@@ It was put forward in the Fifth Session of Sixteenth Central Committee of the Party that "it is a great historic mission on the path for China to modernization to construct new socialistic countries",and that "according to the requirements of developing production, ample life, civilized countryside climate, clean countryside, democratic management,urban and rural social and economic development should be unifiedly planned, modern agricultural construction should be promoted, rural reform should be deepened all round, rural public service should be advanced, and peasants' income should be increased by all means." Some time ago Premier Wen Jiabao pointed out that problems about the carrying capacity of resources and environment, for example the decrease of arable land, the lack of freshwater and eco-environmental deterioration, will be tough challenges to agricultural development in China.

Cash social transfers, direct taxes, and income distribution in late socialism

OpenAIRE

Milanovic, Branko

1993-01-01

The author analyzes the impact of direct taxes and cash social transfers on income distribution in Bulgaria, Czechoslovakia, Hungary, Poland and Yugoslavia in the years before the collapse of communism. He contrasts the results for socialist and market economies. Cash social transfers accounted for about a fifth of gross income, a proportion comparable with that in developed welfare economies. Generally, cash transfers were unrelated to income in socialist countries, in marked contrast with m...

TIME SERIES ANALYSIS ON STOCK MARKET FOR TEXT MINING CORRELATION OF ECONOMY NEWS

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Sadi Evren SEKER

2014-01-01

Full Text Available This paper proposes an information retrieval methodfor the economy news. Theeffect of economy news, are researched in the wordlevel and stock market valuesare considered as the ground proof.The correlation between stock market prices and economy news is an already ad-dressed problem for most of the countries. The mostwell-known approach is ap-plying the text mining approaches to the news and some time series analysis tech-niques over stock market closing values in order toapply classification or cluster-ing algorithms over the features extracted. This study goes further and tries to askthe question what are the available time series analysis techniques for the stockmarket closing values and which one is the most suitable? In this study, the newsand their dates are collected into a database and text mining is applied over thenews, the text mining part has been kept simple with only term frequency – in-verse document frequency method. For the time series analysis part, we havestudied 10 different methods such as random walk, moving average, acceleration,Bollinger band, price rate of change, periodic average, difference, momentum orrelative strength index and their variation. In this study we have also explainedthese techniques in a comparative way and we have applied the methods overTurkish Stock Market closing values for more than a2 year period. On the otherhand, we have applied the term frequency – inversedocument frequency methodon the economy news of one of the high-circulatingnewspapers in Turkey.

Application of Marketing in Interest as a Factor of Development of Enterprises in Digital Economy

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Nerimane BAJRAKTARI

2018-04-01

Full Text Available Online transactions have been characterized by steady growth in recent years. This trend has not left aside developments in organizations in Kosovo. People who buy online are faced with technological equipment that often does not perform the right way as the customer requests or expects. The intranet connects the computer systems of an enterprise or organization based on the Internet technique especially in the TCP / IP protocol. Digital Marketing is a term for the marketing of targeted, measurable and interactive products and services using digital technology to reach and convert "leads" to customers. The main objective is to promote brands, build preference, and increase sales through various digital techniques. It is embodied by a wide selection of service, product and brand marketing tactics, which, as a core promotion medium, largely use the Internet. Digital marketing activities are: search engine optimization (SEO, search engine marketing (SEM, content marketing, influencing marketing and e-commerce, social media marketing, e-mail marketing, display advertising, books electronics, video games and any other form of digital media. According to the Digital Marketing Institute, the Digital Marketing Institute, digital marketing is the use of digital channels to promote or sell products or services to consumers or businesses. The Digital Economy is the highest level of use of computers in a national economy. The higher the rate of use of computers in a more digitized economy and closer to the overall economic progress is that country.

Regional and international market integration of a small open economy

OpenAIRE

Sebastian Fossati; Fernando Lorenzo; Cesar M. Rodríguez

2007-01-01

This paper studies the relationship between a set of commodity prices in a small open economy like Uruguay and the corresponding international and regional prices. The empirical methodology used is the multivariate cointegration procedure based on maximum likelihood methods introduced by Johansen (1988) as well as estimations of half-life persistence indicators. In the case of cereals, the evidence suggests strong market integration between domestic and regional markets and, to some extent, a...

Privatization, political risk and stock market development in emerging economies

NARCIS (Netherlands)

Perotti, E.C.; van Oijen, P. H.

2001-01-01

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

Privatization, political risk and stock market development in emerging economies

NARCIS (Netherlands)

Perotti, E.C.; van Oijen, P.H.

1999-01-01

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

Privatization, political risk and stock market development in emerging economies

NARCIS (Netherlands)

Perotti, E.C.; van Oijen, P.H.

1999-01-01

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

Economy or chrematistics: Serbian case

Directory of Open Access Journals (Sweden)

Anđelković Petar M.

2015-01-01

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

The National Socialist Sisterhood: an instrument of National Socialist health policy.

Science.gov (United States)

Schweikardt, Christoph

2009-06-01

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.

Problems Encountered during the Transition to Market Economy in Azerbaijan and Solution Attempts

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Elchin SULEYMANOV

2014-07-01

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.

Implications of economic transition and demographics for financing pensions in the former socialist economies.

Science.gov (United States)

Jenkins, G P

1993-01-01

"This paper is concerned primarily with the financing of pensions, or the old-age income maintenance portion of the social security system. While the discussion here will be limited to Hungary and Poland, most of the post-socialist countries of East and Central Europe and of the former Soviet Union face similar problems." The author suggests "a set of alternative pension financing strategies....A novel approach is to replace the payroll tax with part of a value-added tax, which may be a good short run solution to current financial crises of the pension systems in these countries." excerpt

Financialization at the international level: evidence from emerging market economies

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Raquel A. Ramos

Full Text Available Abstract The paper focuses on the manifestations of financialization in the international sphere, which it defines as the increasing magnitude of finance and its decoupling from earlier functions and logic as the speculative motive is strengthened. With financialization the motive of finance is no longer to finance trade and production but to accumulate wealth, which in emerging market economies (EMEs takes place through innovative products and practices that have in common the focus on exchange rate returns, resulting in a strengthened speculative motive. The article reviews the financialization literature highlighting how the different closed-economy aspects impact the international sphere. It conducts empirical analyses based on the financial integration of a country and on the characteristics of its currencies’ FX markets to assess the presence of financialization and its characteristics among EMEs, indicating certain countries where this process is more intense.

Does SDDS Subscription Reduce Borrowing Costs for Emerging Market Economies?

OpenAIRE

John Cady

2005-01-01

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 effects of foreign banks entry in emerging market economies

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MSc. Florida Veljanoska

2011-12-01

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.

Gli investimenti di portafoglio nelle economie di mercato emergenti:tendenze, dimensioni e problemi (Portfolio Investment in Emerging Market Economies: Trends, Dimensions and Issues

Directory of Open Access Journals (Sweden)

Dilip K. Das

2000-09-01

Full Text Available Securitised financial flows to emerging market economies have become an important feature of the global capital flows. The principal focus of this paper is on an in-depth analysis of current trends in securitised financial flows. It lays special emphasis on private portfolio equity investment into the emerging market economies. The paper begins with the analysis of the process of stimulation of these flows, and identifies the institutional, structural and non-cyclical factors behind them. One of the points it emphasises is the progressively important role of institutional investors, which is the causal factor behind a significant increase in the quantum of portfolio investment into the emerging market economies. These flows were adversely affected by the financial crises of the 1990s. The subject matter of this paper also includes two of the most important policy issues, namely, the "hot money and cold money" issue and the volatility issue.

Asset Stripping in a Mature Market Economy

DEFF Research Database (Denmark)

Klarskov Jeppesen, Kim; Møller, Ulrik Gorm

2011-01-01

Purpose – The purpose of this paper is to document a Danish fraud scheme, in which a large number of limited companies were stripped of their assets leaving them with nothing but tax debt, eventually causing the Danish Tax and Customs Administration to lose large sums. Furthermore, the purpose...... 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...

Tatarstan market of food in the concept of Islamic economy (marketing and economic-anthropologic aspects

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Sergey Yu. Rychkov

2016-12-01

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

Central Bank Reform, Liberalization and Inflation in Transition Economies : An International Perspective

NARCIS (Netherlands)

Cukierman, A.; Miller, G.P.; Neyapti, B.

2000-01-01

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

Does a foreign subsidiary’s network status affect its innovation activity? Evidence from postsocialist economies

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Matija Rojec

2010-06-01

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.

Gli investimenti di portafoglio nelle economie di mercato emergenti:tendenze, dimensioni e problemi (Portfolio Investment in Emerging Market Economies: Trends, Dimensions and Issues

Directory of Open Access Journals (Sweden)

Dilip K. Das

2012-04-01

Full Text Available Securitised financial flows to emerging market economies have become an important feature of the global capital flows. The principal focus of this paper is on an in-depth analysis of current trends in securitised financial flows. It lays special emphasis on private portfolio equity investment into the emerging market economies. The paper begins with the analysis of the process of stimulation of these flows, and identifies the institutional, structural and non-cyclical factors behind them. One of the points it emphasises is the progressively important role of institutional investors, which is the causal factor behind a significant increase in the quantum of portfolio investment into the emerging market economies. These flows were adversely affected by the financial crises of the 1990s. The subject matter of this paper also includes two of the most important policy issues, namely, the "hot money and cold money" issue and the volatility issue.       JEL Codes: G11, O16, F32, P33Keywords: Capital Flows, Financial Flows, Portfolio

How does labour market structure affect the response of economies to shocks?

OpenAIRE

Aurelijus Dabusinskas; István Kónya; Stephen Millard

2015-01-01

The recent crisis in the Eurozone has led to much discussion about the structure of labour markets in different Eurozone economies. In particular, there has been much talk of the need for structural labour market reform in the Eurozone periphery. But, there are many aspects of labour market structure – eg, wage flexibility, flexibility in hiring and firing, benefits, etc – and it is not clear a priori which aspects really matter. In this paper, we analyse how cross-country differences in labo...

ANALYSIS OF THE ROMANIAN ADVERTISING MARKET

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CHIRILA SOFIA

2010-12-01

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.

Inclusive Growth and Market Economies are the Future in MENA ...

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

Inclusive Growth and Market Economies are the Future in MENA ... and economic growth, jobs for youth and the development of the private sector. ... fundamental re-assessment of the role of the state in economic development ," an IDRC official ... Along with continuing to provide support to local partners, IDRC will carry out ...

The Impact of Real Estate Market in the Albanian Economy

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Dorina Kripa

2015-05-01

Full Text Available The real estate market has an important impact on social and economic development of a country, and it involves many aspects which increase the complexity of the impact analysis and often have opposite directions. This can be supported by the fact that real estate is one of the most important items in public spending3, but also in investment expenses in general (this is especially typical for Albania. These expenses are mainly related to infrastructure and accommodation of homeless people by the National Housing Entity. Researchers have studied the relation between the price of real estates with the GDP of a country, concluding that real estate prices and the government policies related to them, do impact the GDP growth, and movements in residential prices can be used to forecast GDP growth. On the other hand, when purchasing a home, individuals use all their savings, or take loans, which constantly cause the reduction of consumption and saving possibilities in order to afford the installments and other loan expenses. So, from this point of view, this investment may have an adverse effect, even on GDP. But, the question we raise in this study is: what impact has the real estate market in Albanian economy? We begin the study by emphasizing the importance of the real estate market, and then we identify key developments related to this market’s financing, price developments and the construction activity, as an important part of the market itself. The study is concluded with a regression analysis on the role the real estate market plays in the Albanian economy.

Study of a Russian University's Organisational Culture in Transition from Planned to Market Economy

Science.gov (United States)

Pushnykh, Victor; Chemeris, Valeriy

2006-01-01

The transition from a planned centralist economy to a market economy over the last decade of the 20th century has presented Russian universities with many profound challenges. These challenges require universities to review and consider their organisational culture and deserve careful study. This paper describes the changes that have taken place…

European Transition into a Socio-ecological Market Economy

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Erich Hoedl

2014-10-01

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.

The Consequences of the Progress and Market Economy: Karl Polanyi's Reflections Applicable to Neoliberalism

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Juliana Mongon Petroni

2015-12-01

Full Text Available As a consequence of the progress after the Industrial Revolution, the values of society, economy  and  politics  have  changed.  The  market economy  was  allowed,  generating  a catastrophic dislocation in people's lives. Polanyis "Satanic Mill" is the process that crunched men and turned then into mass. Social relations were inserted into the economic system and human society became an accessory of it. With the expansion and organization of global markets, the society had to protected itself against the risks of self-regulated market system. Although there are economic advantages in a free labor market, these do not justify the potential social destruction.  However, nowadays  the  idea  of  deregulation  to  allow competition and international competitiveness of goods. Our contemporary society has changed its values and the money was prioritized instead of human life. Today, men have become just a commodity. In fact, a fictitious commodity.

Differences in Measuring Market Risk in Four Subsectors of the Digital Economy

OpenAIRE

Sonia Benito; Rebeca de Juan; Ricardo Gómez; Francisco Mochón

2015-01-01

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/Inter...

The political economy of international green certificate markets

International Nuclear Information System (INIS)

Soederholm, Patrik

2008-01-01

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

DEVELOPMENT OF E-COMMERCE IN WORLD AND TURKEY AND THE IMPACTS OF MARKETING STRATEGIES IN E-COMMERCE ON TURKEY’S ECONOMY

OpenAIRE

Terzi, Nuray; Gokce, Cemre

2017-01-01

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...

Labor Market Institutions and Their Impact on Shadow Economies in Europe

Czech Academy of Sciences Publication Activity Database

Fialová, Kamila; Schneider, O.

2014-01-01

Roč. 5, č. 1 (2014), s. 1-40 ISSN 2038-1379 R&D Projects: GA ČR(CZ) GA14-15008S Institutional support: RVO:68378025 Keywords : labour market institutions * shadow economy * shadow employment Subject RIV: AH - Economics http://www.rei.unipg.it/rei/article/view/146/137

Testing Weak Form Market Efficiency for Emerging Economies: A Nonlinear Approach

OpenAIRE

Omay, Nazli C.; Karadagli, Ece C.

2010-01-01

In this paper, we address weak form stock market efficiency of Emerging Economies, by testing whether the price series of these markets contain unit root. Nonlinear behavior of stock prices is well documented in the literature, and thus linear unit root tests may not be appropriate in this case. For this purpose, we employ the nonlinear unit root test procedure recently developed by Kapetanios et al. (2003) and nonlinear panel unit root test Ucar and Omay (2009) that has a better power than s...

Optimum Organization of the Labor Market in a Small Open Economy

DEFF Research Database (Denmark)

Blomgren-Hansen, Niels

2012-01-01

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....

Differences in Measuring Market Risk in Four Subsectors of the Digital Economy

Directory of Open Access Journals (Sweden)

Sonia Benito

2015-03-01

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.

The economy of a mining company in market conditions

International Nuclear Information System (INIS)

Karpisek, J.; Sitensky, I.; Dolezal, L.; Woller, F.

1992-01-01

The proceedings contain 21 contributions, out of which 3 have been inputted in INIS. Two deal with coal and its market prices and with problems associated with the present damping of coal mining in the Czech Republic, the third is concerned with chemical extraction of uranium and the possible ways of its termination and remedial actions to rehabilitate the landscape. All three contributions deal with the respective topics in economy terms. (M.D.). 1 tab., 12 refs

Nuclear power development in Russia. Russia's energy industry preparing for the free market economy

International Nuclear Information System (INIS)

Anon.

1993-01-01

The energy industry in Eastern Europe is preparing for the free market economy. The ambitions goal is to get fit and prepared for joining the free market economy as a competitor, and within the shortest possible time at that, struggling against the sharp wind of change that will blow, and trying to make the best of actually very unfavourable economic and political conditions. Priority has been given to privatisation of power plants and electricity networks, and to a speedy connection to the Western grids. However, all parties concerned are well aware that this task cannot be accomplished out of Russia's own resources alone. Whether the economy in Russia can be put on a stable footing and develop stable structures will depend on the development and efficient use of nuclear power, as the most important resources of Russia's energy industry are concentrated in the eastern part of the country, while 70% of electricity generation and demand is concentrated in the European part. (orig.) [de

The Basis of The 'Social – Market' Economy | Opafola | Annals of ...

African Journals Online (AJOL)

Taking cognizance of some of their merits, the paper maintains that the set-backs facing capitalism and Marxian socialism warrant the evolution of cooperativism and social democracy as a nucleus of “social – market “ economy. The third approach adopted by the paper involves the exploration of the value of cooperative ...

Labour Market Reform and Incidence of Child Labour in a Developing Economy

OpenAIRE

Chaudhuri, Sarbajit

2009-01-01

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...

FINANCIAL SYSTEM STRUCTURE AND STABILITY DURING TRANSITION

Directory of Open Access Journals (Sweden)

Firtescu Bogdan

2012-07-01

Full Text Available The process of transition from socialist economy to market economy was not considered an end in itself, but a necessity, and standing proof to achieve high levels of sustainable development. All former socialist countries are characterized by an early transition recession transformation result of the restructuring, loss of markets, tough competition from foreign products, best quality, or in other cases cheaper. To express the financial system structure in transition we take into discussion data that reflects representatives mutations and restructuring in Central and Eastern European countries, such Bulgaria, Czech Republic, Hungary, Poland and Romania. For all countries we show some important changes of financial system during transition and construct an image matrix that illustrates important indicators of financial system structure and their adjustment.

PRINCIPLES OF MARKET ECONOMY AND STRUCTURAL CHANGES IN THE RUSSIAN INSTRUMENT

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V. N. Voronina

2012-01-01

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.

Professional Formation in Hong Kong: Yin & Yang in a Free-Market Economy?

Science.gov (United States)

Forrester, Victor

2007-01-01

The relationship between the professional formation of beginning teachers, education reforms and Hong Kong's free-market economy is explored. An overview of educational change and then beginning teachers' professional formation within the context of economic cycles provides a contextual background against which two research projects are…

From iron rice bowl to the world's biggest sweatshop: globalization, institutional constraints, and the rights of Chinese workers

OpenAIRE

Chan, CK; Peng, Z

2011-01-01

This article discusses how China's institutional constraints combine with its integration into the global economy to suppress its workers' rights. The rapid expansion of China's market economy is the consequence of the government's active embrace of global capitalism and global capitalists' ongoing search for new markets and lower production costs. China's traditional socialist labor relationships collapsed as a result of state-owned enterprise (SOE) reform and the emergence of private enterp...

Ning Wang, Making a Market Economy; Yan Sun, Corruption and Market in Contemporary China

OpenAIRE

Guiheux, Gilles

2008-01-01

These two works shed light on the conditions under which, in the course of the last 25 years, the command economy has been dismantled and gradually replaced by a market system in China . Yan Sun, a professor of political science, is interested in corruption from a double perspective, both at the macro and the micro level. Ning Wang, a neo-institutionalist economist, asks how, thanks to the reforms, a region (Jingzhou, south of Hubei ) has been converted to pisciculture. Corruption is a crucia...

The Impact of Military Conflicts on National Economies of the Post-Socialist Space Countries

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Ievdokymov Viktor V.

2017-04-01

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.

Power, ideology and children: Socialist childhoods in Czechoslovakia

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Marek Tesar

2018-04-01

Full Text Available There was not one, singular childhood in socialist Czechoslovakia, but many and diverse, plural, childhoods. Spanning over 40 years (1948–1989, the Czechoslovak communist governance produced diverse conceptualisations of childhoods that remain often invisible, unexplored, and the current analyses are at best sketchy and refer mostly to pedagogical nuances of strong ideological pedagogical struggles. One way to explore such an abundance of historical data in a short journal article is to utilise a somewhat personal narrative of a child. This dialogic approach allows the strong presence of the voice of a child, re-told from an adult’s perspective, and it methodologically justifies an approach to thinking and theorising of socialist childhoods through Vaclav Havel’s (1985; 1989; 1990 theoretical thinking that has been utilised in philosophy of education previously (see Tesar, 2015e. There are also other examples of complex and thorough analyses of socialist childhoods in other countries (see for example Aydarova et al, 2016, and theoretical thinking about the socialist child as a foreigner to its own land, can be done through Kristeva’s lens (Arndt, 2015.

What does a G-3 target zone mean for emerging-market economies?

OpenAIRE

Reinhart, Carmen; Reinhart, Vincent

2000-01-01

This paper examines the argument for a G-3 exchange rate target zone strictly from an emerging market perspective. A commitment to damping G-3 exchange rate fluctuations, however, requires a willingness on the part of G-3 authorities to use domestic monetary policy to that end. Under a system of target zones, then, relative prices for emerging market economies may become more stable, but debt-servicing costs may become less predictable. We use a simple trade model to show that the resulting c...

Transforming Economies. The Case of the Norwegian Electricity Market Reform

International Nuclear Information System (INIS)

Olsen, Per Ingvar

2000-01-01

The topic of this thesis is the shaping of modern economies, represented by a case-study of the Norwegian electricity market reform process. The essential questions raised are: Why are industries and economies organized the way they are? and Why and how do they occasionally experience fairly radical transformations during which we come to see their organizational structures and associated behaviors in entirely different ways? To answer these questions, the author has followed a radical market-making economic reform process through its many projects, processes and rivalries, from its roots in specific historical controversies through its major breakthrough and into a stabilized new economic system. A major argument through out the analysis is that economics as a scientific activity and -community plays a particularly important role in the re-shaping of economic systems. Large scale economic reforms are found to be dependent upon scientific and political powers and legitimacy which results from broad consensus within the relevant scientific communities. In order to make his point, the author presents and discusses various historical economic reform initiatives both within the Norwegian electricity sector, within other sectors of the economy and in other countries. He also presents elements of a broad process of reorientation within economics during the 1970s and follows these new conceptions up to the electricity market reform process in the late 1980s. The analysis tries to explain why Norway became a hotbed for market reform of the technically integrated and institutionally complex and locked-in electricity system, but also fries to extract medium range insights about economic reform processes and to discuss more general implications for other large scale economic reform projects as well as for economic theories about economic change - through a rethinking of some of the basics in economic thought. The thesis is separated into four parts. The first part discusses

Transforming Economies. The Case of the Norwegian Electricity Market Reform

Energy Technology Data Exchange (ETDEWEB)

Olsen, Per Ingvar

2000-07-01

The topic of this thesis is the shaping of modern economies, represented by a case-study of the Norwegian electricity market reform process. The essential questions raised are: Why are industries and economies organized the way they are? and Why and how do they occasionally experience fairly radical transformations during which we come to see their organizational structures and associated behaviors in entirely different ways? To answer these questions, the author has followed a radical market-making economic reform process through its many projects, processes and rivalries, from its roots in specific historical controversies through its major breakthrough and into a stabilized new economic system. A major argument through out the analysis is that economics as a scientific activity and -community plays a particularly important role in the re-shaping of economic systems. Large scale economic reforms are found to be dependent upon scientific and political powers and legitimacy which results from broad consensus within the relevant scientific communities. In order to make his point, the author presents and discusses various historical economic reform initiatives both within the Norwegian electricity sector, within other sectors of the economy and in other countries. He also presents elements of a broad process of reorientation within economics during the 1970s and follows these new conceptions up to the electricity market reform process in the late 1980s. The analysis tries to explain why Norway became a hotbed for market reform of the technically integrated and institutionally complex and locked-in electricity system, but also fries to extract medium range insights about economic reform processes and to discuss more general implications for other large scale economic reform projects as well as for economic theories about economic change - through a rethinking of some of the basics in economic thought. The thesis is separated into four parts. The first part discusses

NOVEMBER 1948: A WRITTEN TEST ON SOCIALIST REALISM

Directory of Open Access Journals (Sweden)

Irina CĂRĂBAŞ

2015-05-01

Full Text Available Drawing heavily on archival research, the paper analyses the formation of the discourse of socialist realism in Romanian post-war art. A questionnaire on socialist realism to which a number of artists responded in 1948 provides an intermediate phase that brought together more types of language and conceptions of art and reveals how the Soviet model was grafted onto local interwar theories.

Obesity : a growing problem

NARCIS (Netherlands)

Seidell, J C

Obesity, defined as a body mass index (BMI) of 30 kg/m2 or more, is common in many parts of the world, especially in the established market economies, the former socialist economies of Europe, Latin America, the Caribbean and the Middle Eastern Crescent. As many as 250 million people worldwide may

Comparing Socialist and Post-Socialist Television Culture. Fifty Years of Television in Croatia

Directory of Open Access Journals (Sweden)

Zrinjka Peruško

2014-06-01

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.

Looking at the ‘sharing’ economies concept through the prism of informality

DEFF Research Database (Denmark)

Kovács, Borbála; Morris, Jeremy Bryan; Polese, Abel

2017-01-01

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...

Clinical bioethics in china: the challenge of entering a market economy.

Science.gov (United States)

Chen, Xiao-Yang

2006-02-01

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.

Regularities of Formation of the Labour Reimbursement Institute in the Market Economy

Directory of Open Access Journals (Sweden)

Povoroznyuk Inna M.

2013-11-01

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.

Institutional Change and Gender Inequalities at Labour Market Entry: A Comparison of Estonia, Russia, and East and West Germany

Directory of Open Access Journals (Sweden)

Yuliya Kosyakova

2017-12-01

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.

Market study for direct utilization of geothermal resources by selected sectors of economy

Energy Technology Data Exchange (ETDEWEB)

1980-08-01

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)

Market structure and competition in the healthcare industry : Results from a transition economy.

Science.gov (United States)

Lábaj, Martin; Silanič, Peter; Weiss, Christoph; Yontcheva, Biliana

2018-02-14

The present paper provides first empirical evidence on the relationship between market size and the number of firms in the healthcare industry for a transition economy. We estimate market-size thresholds required to support different numbers of suppliers (firms) for three occupations in the healthcare industry in a large number of distinct geographic markets in Slovakia, taking into account the spatial interaction between local markets. The empirical analysis is carried out for three time periods (1995, 2001 and 2010) which characterise different stages of the transition process. Our results suggest that the relationship between market size and the number of firms differs both across industries and across periods. In particular, we find that pharmacies, as the only completely liberalised market in our dataset, experience the largest change in competitive behaviour during the transition process. Furthermore, we find evidence for correlation in entry decisions across administrative borders, suggesting that future market analysis should aim to capture these regional effects.

It is desirable allocative function of the food market in a global economy?

International Nuclear Information System (INIS)

Leon Rodriguez, Nohra

2008-01-01

This article brings forth the free market influence on product patterns, agricultural output quantities and prices in the global economy? casting doubt over the allocative efficiency of markets and intending to outline some risks brought on by excessive reliance on free markets regarding consumer welfare, food security and negative impact on the environment and sustainable economic growth. As the main analytic element it is presented the preeminence of agricultural food multinational producers, as well as the scale of their influence in terms of product supply and commercialization, responding exclusively to profit maximization incentives without taking into account their role in terms of food nutrition patterns and production

The Theoretical and Methodological Bases to Form the Parity of State Regulation of the National Economy and Market Self-Regulation

Directory of Open Access Journals (Sweden)

Yahno Tetiana P.

2017-09-01

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.

LABOR MARKET IN WORLDWIDE GREENING ECONOMY: RESTRUCTURING AND DEVELOPMENT PROBLEMS

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L. Gatska

2014-12-01

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.

Outsiderness and Participation in Liberal and Coordinated Market Economies

Directory of Open Access Journals (Sweden)

Emanuele Ferragina

2017-01-01

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

Aram Khachaturian and socialist realism: A reconsideration

Directory of Open Access Journals (Sweden)

Schultz Joseph

2016-01-01

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.

From institutional segmentation to market fragmentation: Institutional transformation and the shifting stratification order in urban China.

Science.gov (United States)

Zhao, Wei; Zhou, Xueguang

2017-03-01

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.

Integration of the market of the European community and the change of the industrial structure. EC shijo togo to sangyo kozo no henka

Energy Technology Data Exchange (ETDEWEB)

Tanimoto, T; Uno, K; Nakamura, T; Yamashita, S [Osaka Sangyo University, Osaka (Japan). Institute for Industrial Research

1992-11-20

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.

Perceived role of marketing activities in the context of transitional economy

Directory of Open Access Journals (Sweden)

Sigitas Urbonavičius

2009-12-01

Full Text Available The role and importance of various marketing activities within a company is a function of numerous internal and external factors, including those that are typical of transitional economies. These factors are integrated and shaped by managerial perceptions about their overall importance and suitability at a specific moment. Authors analyze opinions among managers of Lithuanian companies about the overall importance of the marketing function in their companies as well as about the importance of specific marketing activities. Special attention is paid to the specifics of managerial per ceptions and opinions during the period of economic uncertainty and recession. The research is based on a survey of 346 managers of primarily manufacturing and trading companies operating in Lithuania. The analysis showed a number of differences in the evaluation of the importance of marketing activities based on the characteristics of companies and their core strategic idea. The research revealed that the importance of pricing and communication activities is growing during a period of economic recession. It also confirmed the existence of a positive relationship between managerial evaluations of the importance of marketing activities and the growth of sales.

The political economy of energy use and pollution: the environmental effects of East-European transition to market economy

Energy Technology Data Exchange (ETDEWEB)

Midttun, A.; Chander, I. [Norwegian School of Management, Sandvicka (Norway)

1998-11-01

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.

TOOLS OF MARKETING COMMUNICATIONS IN POLITICS AND THE ECONOMY, DEPENDING ON THE LIFE CYCLE

Directory of Open Access Journals (Sweden)

Tatyana L. Shklyar

2014-01-01

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.

Public gaming: eSport and event marketing in the experience economy

OpenAIRE

Borowy, Michael

2012-01-01

This thesis situates organized competitive digital gaming (eSport) in the context of historical sport, the rise of the computer and video games industry, event marketing, and the experience economy. It argues that the oftentimes misattributed origins of eSport in truth first took place during the early 1980s in arcades, when the various criteria for sport, including public contest, a structured framework for victory and defeat, mediatization and promotion, professionalization, record-keeping,...

Class and Gender in Prime-Time Television Entertainment: Observations from a Socialist Feminist Perspective.

Science.gov (United States)

Steeves, H. Leslie; Smith, Marilyn Crafton

1987-01-01

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…

Comparison between response dynamics in transition economies and developed economies

Science.gov (United States)

Tenenbaum, Joel; Horvatić, Davor; Bajić, Slavica Cosović; Pehlivanović, Bećo; Podobnik, Boris; Stanley, H. Eugene

2010-10-01

In developed economies, the sign of the price increment influences the volatility in an asymmetric fashion—negative increments tend to result in larger volatility (increments with larger magnitudes), while positive increments result in smaller volatility. We explore whether this asymmetry extends from developed economies to European transition economies and, if so, how such asymmetry changes over time as these transition economies develop and mature. We analyze eleven European transition economies and compare the results with those obtained by analyzing U.S. market indices. Specifically, we calculate parameters that quantify both the volatility asymmetry and the strength of its dependence on prior increments. We find that, like their developed economy counterparts, almost all transition economy indices exhibit a significant volatility asymmetry, and the parameter γ characterizing asymmetry fluctuates more over time for transition economies. We also investigate how the association between volatility and volatility asymmetry varies by type of market. We test the hypothesis of a negative correlation between volatility and volatility asymmetry. We find that, for developed economies, γ experiences local minima during (i) “Black Monday” on October 19, 1987, (ii) the dot-com bubble crash in 2002, and (iii) the 2007-2009 global crisis while for transition economies, γ experiences local maxima during times of economic crisis.

Economic calculation in socialist countries

NARCIS (Netherlands)

Ellman, M.; Durlauf, S.N.; Blume, L.E.

2008-01-01

In the 1930s, when the classical socialist system emerged, economic decisions were based not on detailed and precise economic methods of calculation but on rough and ready political methods. An important method of economic calculation - particularly in the post-Stalin period - was that of

Temptations of a socialist paradise: Reflections of a consumerist society in Yugoslavian films of the 1960s

Directory of Open Access Journals (Sweden)

Malešević Miroslava

2012-01-01

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

The Tax Base in Transition: The Case of Bulgaria, World Bank Policy Research Working Paper Series No. 1267 (March 1994), The World Bank.

OpenAIRE

Zeljko Bogetic; Arye Hillman

2005-01-01

Meeting government revenue needs without inhibiting private sector development is a key challenge of tax policy during the transition from the socialist system. The paper explores issues in the design of tax bases and tax structures in the transition and argues that transition economies would need to adopt a lower and simpler tax structure than the ones prevailing in developed Western market economies.

Economic efficiency of brown coal mine ''Konin'' in market economy conditions

International Nuclear Information System (INIS)

Jeruzel, M.

1995-01-01

The economic situation of ''Konin'' brown coal mine located in Central Poland is analysed. The main problem of the mine is the coal price which is still regulated despite market economy. It causes many difficulties and therefore a change of energy policy is postulated. The basic economic results for 1993 as well as prognosis of investment costs up to 2020 are given. The changes of management system and the strategy planning training are also described. 2 ills, 1 tab

Foreign direct investment in the financial sector of emerging market economies

OpenAIRE

Bank for International Settlements

2004-01-01

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...

E-Commerce as an instrument of governing SMEs’ marketing strategy in an emerging economy

OpenAIRE

Lawrence Mpele Lekhanya

2016-01-01

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 techniq...

Pension fund regulation: Unintended consequences of foreign investment restrictions in an emerging market economy

Directory of Open Access Journals (Sweden)

Coert Frederik Erasmus

2016-12-01

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

Introducing Environmentally Related Taxes: A Window of Opportunity for China

DEFF Research Database (Denmark)

Barde, Jean-Philippe; Andersen, Mikael Skou; Schlegelmilch, Kai

2009-01-01

The transition from a strictly planned economy to a socialist market economy which China has undertaken has enabled impressive economic growth rates over more than two decades and has been significant for reducing poverty and increasing standards of living. Environmental challenges such as air...... as a basis for China’s economy is necessary. Sustainable use of energy and raw materials will be required to avoid future bottlenecks for harmonious development and economic growth....

Are transition economy workers underpaid?

OpenAIRE

Adamchik, Vera A.; Brada, Josef C.; King, Arthur E.

2009-01-01

We examine the extent to which workers in transition and developed market economies are able to obtain wages that fully reflect their skills and labor force characteristics. We find that workers in two transition economies, the Czech Republic and Poland, are able to better attain the maximum wage available than are workers in a sample of developed market economies. This greater wage-setting efficiency in the transition economies ap-pears to be more the result of social and demographic charact...

The Collaborative Economy

DEFF Research Database (Denmark)

Avital, Michel; Andersson, Magnus; Nickerson, Jeffrey

2014-01-01

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...... 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...

The Effect of Intellectual Property Standards on the Catch-Up Process Of Emerging Market Economies

DEFF Research Database (Denmark)

Darendeli, Izzet; Brandl, Kristin Martina; Hamilton, III, Robert D.

2014-01-01

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...

Collaborative Economy

DEFF Research Database (Denmark)

collaborative economy and tourism Dianne Dredge and Szilvia Gyimóthy PART I - Theoretical explorations 2.Definitions and mapping the landscape in the collaborative economy Szilvia Gyimóthy and Dianne Dredge 3.Business models of the collaborative economy Szilvia Gyimóthy 4.Responsibility and care...... in the collaborative economy Dianne Dredge 5.Networked cultures in the collaborative economy Szilvia Gyimóthy 6.Policy and regulatory perspectives in the collaborative economy Dianne Dredge PART II - Disruptions, innovations and transformations 7.Regulating innovation in the collaborative economy: An examination...... localities of tourism Greg Richards 11.Collaborative economy and destination marketing organizations: A systems approach Jonathan Day 12.Working within the Collaborative Tourist Economy: The complex crafting of work and meaning Jane Widtfeldt Meged and Mathilde Dissing Christensen PART - III Encounters...

About the ways of republican electrical engineering science development at the market economy conditions

International Nuclear Information System (INIS)

Kuliyev, A.M.

2001-01-01

Full text : The article is dedlcated to the ways of development of republican electro-technical science in the period of integration of Azerbaijan into world market economy. The most actual problems of this period were explained. The main problem directions of development of electro-technical science in present stage were formulated

Liberalization and enlargement: effects of the industrial organisation of natural gas markets in Eastern Europe

International Nuclear Information System (INIS)

Pirovska, M.

2005-01-01

After half a century of political division within the European continent, and of State control over national energy industries, a new industrial and political organisation model aiming at creating a single natural gas market tends to emerge currently within the enlarged European Union. Yet new member countries are former centrally planned, socialist economies, with very different industrial structures for natural gas. However, those countries should adjust to the institutional framework applicable in the European Union, including bringing their gas industries into compliance with the liberalization process that old member countries initiated years ago. In that unprecedented context, one basic issue is whether the gas industry liberalization, in the framework of the enlargement, will have expected results in terms of competition, efficiency and profits for Eastern countries, whether new members or candidates for membership. The objective of the research work behind this article was to analyse the effects of that complex trend on the industrial organisation of gas markets in eastern Europe. (author)

RECIPROCITY IN THE ECONOMY OF THE AGE OF SILICON ECONOMY SYSTEMS TO EARLY EXPERIENCES CURRENT SOLIDARITY ECONOMY

Directory of Open Access Journals (Sweden)

Horacio, Simes

2012-01-01

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.

Monetary Policy, Incomplete Asset Markets, and Welfare in a Small Open Economy

OpenAIRE

Shigeto Kitano; Kenya Takaku

2014-01-01

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.

The Czech labour market after the crisis of a real economy: negative development or return to steady-state?

Directory of Open Access Journals (Sweden)

Pavel Tuleja

2011-01-01

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.

Socially Marginalized Environments, Unemployment and Media

Directory of Open Access Journals (Sweden)

Moravčík Oto

2014-07-01

Full Text Available In any society, regardless of its homogeneity and heterogeneity, there are minority groups, or those that require special attention and treatment because of their social and cultural characteristics, physical appearance, or because they have a lifestyle which differs from the dominant group and this causes them to be allocated the social status of minorities. The ongoing transformation of the economy since 1989 is now a major effect which continues to affect economic development. The planned economy and socialist market economy was replaced with the principles of free enterprise and the market mechanism. The market economy is closely tied to the labor market, which we view as the meeting point of labor supply with labor demand, resulting in labor costs - or wages. Position in the labor market is one of the most important factors through which an individual integrates into the social fabric.

Young Socialist Men in Mid-Sixties Britain

DEFF Research Database (Denmark)

Hughes, Celia Penelope

2012-01-01

This article examines the political, social and psychological experiences of a group of young working-class men who in the early-to-mid 1960s became active members in branches of the Labour Party Young Socialists. Concentrated in London's East End, these branches had become increasingly open...... to the politics of International Socialism, a tiny libertarian Trotskyist group that provided these young men with a political education and a social circle, and propelled them into a bourgeoning activist network. Activism in their groups occurred at a crucial moment of personal and political transition – social...... at subjectivity and gender to understand how their sub-culture provided for childhood structures of feeling and early class identity and to consider what meaning they derived from active socialist involvement....

The Revelation of Entrepreneurial Spirits on the Cultivation of College Students' Enterprise Qualities: A Case Study in Wenzhou

Science.gov (United States)

Ma, Delong

2011-01-01

In Socialist market economy, the characteristics of economic development tend to vary in different regions. Accordingly, enterprise education on college students has to be combined with regional economic features, particularly with a profound knowledge about the characteristics of local entrepreneurs. Insufficient resources and inconvenient…

Observing the economy

Science.gov (United States)

Rosenbaum, Stan

2009-07-01

In "The (unfortunate) complexity of the economy" (April pp28-32) Jean-Philippe Bouchaud presents clear evidence that traditional assumptions of rational markets have to be abandoned. The old investor slogan "buy on promise, sell on rumour" quickly magnifies a downturn into a crisis, which triggers two questions. If physics-based models are applied (beyond understanding and prediction) to actual market decisions, does this make the economy more or less stable? And, is this cause for stronger regulation?

EVALUATION OF COMPETITIVE STRATEGIES OF COFFEE RETAILING IN ASPECT OF MARKET ECONOMY

Directory of Open Access Journals (Sweden)

Aslı ÖZTOPÇU

2017-09-01

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.

College Students' Attitudes & Responses toward the Current Economy and Its Implications for Marketing Managers

Science.gov (United States)

Gray, Lauren; Lamanette, Michelle; Silva, Alberto; Budden, Michael C.

2009-01-01

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…

Structural problems of the heating oil economy pose a challenge to natural gas marketing

International Nuclear Information System (INIS)

Zeller, U.

1995-01-01

The Swiss heating market is characterised by hard crowding-out competition. New energy carriers are entering the market while at the same time the demand declines. Natural gas is conquering one field of application after another and since years has steadily been increasing its share of the market. The corresponding loss of territory on the part of heating oil dealers has until now not been so tangible because it was compensated by a phase of growing demand during the past few years. If the current trend continues, then overcapacities in heat distribution and energy supply are to be expected for the future. The market will become especially difficult for heating oil dealers, as their decreasing overall share in the market will no longer be compensated by a growth in market volume, their former crutch for keeping up scales. The fight for market shares is therefore expected to become a great deal harder and have a direct impact on the natural gas economy. Commissioned by the Swiss gas industry, the Research Institute for Trade and Sales of St. Gallen University has made a study of the Swiss heating oil market. (orig.) [de

Economy, market and chain

NARCIS (Netherlands)

Sukkel, W.; Hommes, M.

2009-01-01

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

Labour Market Trends in Transition Economies with Emphasis on Gender Inequalities

Directory of Open Access Journals (Sweden)

Theranda Beqiri

2016-08-01

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.

Update of China economy and coal market

International Nuclear Information System (INIS)

Suen, H.

2010-01-01

This presentation discussed the surge in China's coal imports. The depressed demand for coal worldwide made huge tonnages available for the Chinese to buy at the same time that there was a willingness to sell coal more cheaply to compete with the Chinese domestic supply price and a coal shortage in China resulting from mine closures and consolidations. The Chinese Government is seeking to slow economic growth to control inflation and prevent an overheated economy. The government emphasis is on energy saving and emission reduction, production cuts at high energy consuming plants, the closure of outdated steel mills, and a restriction on power production. Steel production is expected to fall in the second half of the year as a result of surpluses. China's coal imports will increase in 2010; however, the consolidation process is now completed, and the new capacity will begin to be released in the second half of the year, ending the domestic coal shortage. The increase in the domestic market is constraining price increases. Premium hard coking coal (HCC) remains tight, but normal grade coals are in surplus and facing pressure to reduce prices. China's domestic coal prices form the bottom for the world coal market. Chinese import demand will continue, but demand is expected to gradually decline and be lower in 2011 as the domestic supply becomes sufficient. Nevertheless, China will always have a tremendous demand for coal and needs to import premium HCC. China adopted a quarterly price for the first time this year. 5 tabs., 4 figs.

Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies.

Science.gov (United States)

Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok

2016-01-01

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.

BOP theory in an emerging market economy: India under the microscope

Directory of Open Access Journals (Sweden)

Gouher Ahmed

2015-07-01

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?

Agreement between the Governments of the Union of Soviet Socialist Republics, the Byelorussian Soviet Socialist Republic, the Ukrainian Soviet Socialist Republic and the International Atomic Energy Agency regarding international research on the consequences of the accident at the Chernobyl nuclear power plant to be carried out at the ''Pripyat'' scientific centre

International Nuclear Information System (INIS)

1990-10-01

The document reproduces the text of the Agreement between the Governments of the Union of Soviet Socialist Republics, the Byelorussian Soviet Socialist Republic, the Ukrainian Soviet Socialist Republic and the International Atomic Energy Agency regarding International Research on the Consequences of the Accident at the Chernobyl Nuclear Power Plant to be carried out at the ''Pripyat'' Scientific Centre which was approved by the IAEA's Board of Governors on 12 September 1990. It was signed on 21 September 1990 and entered into force on the same date

Scale and Scope Economies in the Global Advertising and Marketing Services Business

OpenAIRE

Alvin J. Silk; Ernst R. Berndt

2003-01-01

We assess size and scope-related economies in the global advertising and marketing services business. A translog cost function is employed wherein a firm's costs vary according to its scale and two dimensions of the scope of its operations. Parameters of the model are estimated via three stage least squares using annual data for 1989-2001 for an unbalanced panel consisting of the eight largest firms in this industry. A firm's total variable costs are affected by its scale, scope (mix of servi...

Positioning of sponsorships on the cultural events market

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Lukić-Krstanović Miroslava

2013-01-01

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

Price Discrimination, Economies of Scale, and Profits.

Science.gov (United States)

Park, Donghyun

2000-01-01

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)

Evidence of fueling of the 2000 new economy bubble by foreign capital inflow: implications for the future of the US economy and its stock market

Science.gov (United States)

Sornette, Didier; Zhou, Wei-Xing

2004-02-01

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

Professional Elites in "Classes" Societies

NARCIS (Netherlands)

S.J. Magala (Slawomir)

2003-01-01

textabstractModern European identity has been forged in class struggles between the French revolution and fall of the Berlin Wall, which fell twice. Once, with the rest of the city in May 1945, when a national socialist alternative to a modernizing mix of parliamentary democracy and market economy

Students' Intercultural Development through Language Learning in Vietnamese Tertiary Education: A Case Study on the Use of Film as an Innovative Approach

Science.gov (United States)

Truong, Le Bach; Tran, Ly Thi

2014-01-01

Vietnam's open-door policy, its socialist-oriented market economy, recent growth in cross-border education and skills mobility, regionalisation and globalisation have created an increasing demand for Vietnamese graduates to develop not only their English language but also their intercultural competence. This paper discusses the issue of student…

Experiences of Emerging Economy Firms

DEFF Research Database (Denmark)

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...

Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies

Science.gov (United States)

Khan, Habib Hussain; Ahmad, Rubi Binit; Gee, Chan Sok

2016-01-01

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

Market Structure, Financial Dependence and Industrial Growth: Evidence from the Banking Industry in Emerging Asian Economies.

Directory of Open Access Journals (Sweden)

Habib Hussain Khan

Full Text Available 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 new mechanism for energy conservation technology services

Energy Technology Data Exchange (ETDEWEB)

Yan, Feng

1996-12-31

In the ninth-five year plan of China, the socialist market economy model will be developed. In the stage of transferring from planning economy to market economy, the energy conservation technology services industry in China has met new challenges. Over the past ten to fifteen years, there has developed a new mechanism for financing energy efficiency investments in market economies. The process is simple. After inspecting an enterprise or an entity for energy saving opportunities, an Energy Service Company (ESCO) which business aimed at making money will review the recommended energy conservation opportunities with the enterprise or the entity (user) and implement those measures acceptable to the user at no front end cost to the user. The ESCO then guarantees that the energy savings will cover the cost of the capital renovations using the Performance Contracting.

The Wolf and the Caribou: Coexistence of Decentralized Economies and Competitive Markets

Directory of Open Access Journals (Sweden)

Andreas Freund

2018-05-01

Full Text Available Starting with BitTorrent and then Bitcoin, decentralized technologies have been on the rise over the last 15+ years, gaining significant momentum in the last 2+ years with the advent of platform ecosystems such as the Blockchain platform Ethereum. New projects have evolved from decentralized games to marketplaces to open funding models to decentralized autonomous organizations. The hype around cryptocurrency and the valuation of innovative projects drove the market cap of cryptocurrencies to over a trillion dollars at one point in 2017. These high valued technologies are now enabling something new: globally scaled and decentralized business models. Despite their valuation and the hype, these new business ecosystems are frail. This is not only because the underlying technology is rapidly evolving, but also because competitive markets see a profit opportunity in exponential cryptocurrency returns. This extracts value from these ecosystems, which could lead to their collapse, if unchecked. In this paper, we explore novel ways for decentralized economies to protect themselves from, and coexist with, competitive markets at a global scale utilizing decentralized technologies such as Blockchain.

Investing in gas industry in economies in transition

International Nuclear Information System (INIS)

Prins, J.

1996-01-01

Financing of energy projects in Central and Eastern Europe is meant for markets in transition which induces the financing concepts of the projects and preconditions international funding. The basic conditions to be fulfilled in transition from command economy to market economy are liberalisation and privatisation of energy markets. Preconditions include: prices and tariff at market; regulatory environment supporting independent projects and local capital markets

Economy, market and chain

OpenAIRE

Sukkel, W.; Hommes, M.

2009-01-01

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 focus specifically at consumer purchasing behaviour, product development, supply chain formation and minimising cost price. As a rule, this research takes place in close cooperation with chain actors

SOCIALISM FROM THE VIEWPOINT OF ECONOMICS

Directory of Open Access Journals (Sweden)

Klistorin V. I.

2015-09-01

Full Text Available The purpose of the present article is to discuss the role the socialist ideas played in the development of economic thoughts. The paper considers a brief history of socialist thought, fundamental ideas of the scientists and publicists who made the greatest contribution to development of socialist concepts; common principles at a huge variety of such concepts; and criticism of socialist ideas made by representatives of alternative schools. A special focus of the paper is the discussion held in the period between the world wars on whether socialism could take place. In the critics’ opinion, socialization of the economy resulted in corrupted economic information which made economic calculations impossible in socialism and abolition of private ownership - in both eliminated freedom of choice and lower economic growth. In response, economists-socialists insisted on positive impacts through lower transactional costs and they proposed different types of market socialism. The author also makes an attempt to formulate what the socialist theories contributed to modern economics from the viewpoint of its research subject and definitions.

Corruption and the economy

OpenAIRE

Tanzi Vito

2013-01-01

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 o...

Preferences for Inequality: East vs. West. Innocenti Working Papers.

Science.gov (United States)

Suhrcke, Marc

Do preferences for income inequality differ systematically between the post-socialist countries of central and eastern Europe and the western established market economies? Analyzing 1999 data from a large international survey to address this question, the paper examines whether attitudes to inequality differ between east and west even after the…

Students' Experiences with Popular Music: The Case of Beijing, China

Science.gov (United States)

Ho, Wai-Chung

2016-01-01

Since the 1980s, the establishment of a socialist market economy has quickened the pace of China's economic development; at the same time, increased modernization and globalization have influenced, to varying degrees, the development of music and music education. With reference to 12 secondary schools in Beijing, this empirical study examines…

Hock, Beáta. 2013. Gendered Artistic Positions and Social Voices - Politics, Cinema and the Visual Arts in State-Socialist and Post-Socialist Hungary. Stuttgart: Franz Steiner Verlag. 284 pp. illus.

Directory of Open Access Journals (Sweden)

Lilla Tőke

2016-01-01

Full Text Available Hock, Beáta. 2013. Gendered Artistic Positions and Social Voices - Politics, Cinema and the Visual Arts in State-Socialist and Post-Socialist Hungary. Stuttgart: Franz Steiner Verlag. 284 pp. illus. Reviewed by Lilla Tőke, Assistant Professor, City University of New York, LaGuardia Community College

Macro economy, stock market and oil prices. Do meaningful relationships exist among their cyclical fluctuations?

International Nuclear Information System (INIS)

Filis, George

2010-01-01

This paper examines the relationship among consumer price index, industrial production, stock market and oil prices in Greece. Initially we use a unified statistical framework (cointegration and VECM) to study the data in levels. We then employ a multivariate VAR model to examine the relationship among the cyclical components of our series. The period of the study is from 1996:1 to 2008:6. Findings suggest that oil prices and the stock market exercise a positive effect on the Greek CPI, in the long run. Cyclical components analysis suggests that oil prices exercise significant negative influence to the stock market. In addition, oil prices are negatively influencing CPI, at a significant level. However, we find no effect of oil prices on industrial production and CPI. Finally, no relationship can be documented between the industrial production and stock market for the Greek market. The findings of this study are of particular interest and importance to policy makers, financial managers, financial analysts and investors dealing with the Greek economy and the Greek stock market. (author)

Product and labor market imperfections and scale economies: Micro-evidence on France, Japan and the Netherlands

NARCIS (Netherlands)

Dobbelaere, S.; Kiyota, K.; Mairesse, M.

2012-01-01

Allowing for three labor market settings, this paper relies on an extension of Hall's econometric framework for simultaneously estimating price-cost mark-ups and scale economies. Using an unbalanced panel of 17,653 firms over the period 1986-2001 in France, 8,725 firms over the period 1994-2006 in

THE PLACE OF THE EMERGING ECONOMY OF ROMANIA INSIDE THE EUROPEAN UNION ECONOMIES IN TERMS OF FTSE CRITERIA

Directory of Open Access Journals (Sweden)

Mardiros Daniela-Neonila

2011-12-01

Full Text Available The importance of this research lies from the need to know the economies developed, emerging and frontier of the European Union and the mode of their manifestation according to the market indicators. Consequently, we had in mind a presentation of the economies in the categories mentioned above framed in terms of market criteria used by FTSE Group, a provider of stock market indices and associated data services. Using data from a series of reports published by FTSE we made an analysis of how each of the considered economies and in particular Romania, acts according of these. Was taken into consideration criteria as: market and regulatory environment (formal stock market regulatory authorities actively monitor market; fair and non-prejudicial treatment of minority shareholders; non or selective incidence of foreign ownership restrictions; free and well-developed equity market; no objections or significant restrictions or penalties applied on the repatriation of capital; free and well-developed foreign exchange market; non or simple registration process for foreign investors; custody and settlement (settlement-rare incidence of failed trades; custody-sufficient competition to ensure high quality custodian services; clearing and settlement; stock lending permitted; settlement-free delivery available; custody-omnibus account facilities available to international investors; dealing landscape (brokerage-sufficient competition to ensure high quality broker services; liquidity-sufficient broad market liquidity to support sizeable global investment; transaction costs-implicit and explicit costs to be reasonable and competitive; short sales permitted; off-exchange transactions permitted; efficient trading mechanism; transparency; derivates (developed derivatives market. The final part of the paper is reserved to the understanding of the mode in which each of the considered economies of the European Union, including Romania and regardless of what category

Rate-making in economies in transition

International Nuclear Information System (INIS)

Horvath, R.S.

1996-01-01

Eastern European economies in transition have unique needs which may be best served by considering how other economies around the world are making the transition to market-based economies. In particular, the recent Mexican experience may provide some lessons learned. Mexico has recently established for the first time a regulatory body with the power to regulate natural gas in certain ways. This paper outlines how the Mexican experience may be an appropriate jumping-off point for Eastern European economies in transition as they develop their own regulatory structure and rate-making. The paper concludes with an update on the recent experience in the U.S. to push the development of a market economy for natural gas further than it ever has before

Contagion of us subprime mortgage crisis to Colombian economy: measured by financial market data

Directory of Open Access Journals (Sweden)

Chu V. Nguyen

2011-06-01

Full Text Available The long-horizon event study methodology is used to document the severe impact of the US subprime mortgage crisis on the Colombian economy. The estimated parameter of a constantmean return model is used to derive the “abnormal return” on the market portfolios of Colombia over its selected event window. Analyses of the results reveal that the US subprime mortgage crisis negatively affected both the Colombian and the US equity markets almost identically in terms of cumulative percentage reductions and timing. Statistic testing results seem to support the qualitative observation. This phenomenon can be attributable to the recent multilateral and regional trade agreements that increase the flow of trade and foreign direct investment to Colombia.

Accelerate China’s Social Security Legislation

Institute of Scientific and Technical Information of China (English)

王延中

2008-01-01

Since the financial crisis in Asia in 1997, China’s social security system has undergone continual reform and readjustment, and has proved to be an integral part of government efforts to perfect the socialist market economy as well as in building a socialist harmonious society. Although social security construction has achieved certain results, it has also left a lot of problems. With the rapid growth of China’s economy and revenue, people from all walks of life are putting ever-increasing demands on the social security system; therefore, the construction of a sound social security system suited to China’s current situation still remains an arduous task. In this article, the author have reviewed the 10 years development of China’s social security system, analyzed problems and challenges and proposed its suggestions.

Working Within the Collaborative Tourist Economy

DEFF Research Database (Denmark)

Meged, Jane Widtfeldt; Christensen, Mathilde Dissing

2017-01-01

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...

Sport and Social Change. Socialist Feminist Theory.

Science.gov (United States)

Bray, Catherine

1988-01-01

Though the number of women in sport and the productive labor force have increased, the lower levels of support and pay indicate devaluing by a capitalist patriarchal society. A socialist feminist theory of sport participation by women foresees the possibility of a nonpatriarchal capitalist society. (JD)

Understanding Money Demand in the Transition from a Centrally Planned to a Market Economy

OpenAIRE

Delatte, Anne-Laure; Fouquau, Julien; Holz, Carsten

2013-01-01

Fundamental changes in institutions during the transition from a centrally planned to a market economy present a formidable challenge to monetary policy decision makers. For the case of China, we examine the institutional changes in the monetary system during the process of transition and develop money demand functions that reflect these institutional changes. We consider seasonal unit roots and estimate long run, equilibrium money demand functions, explicitly taking into consideration the ch...

A hydrogen economy: opportunities and challenges

International Nuclear Information System (INIS)

Tseng, P.; Lee, J.; Friley, P.

2005-01-01

A hydrogen economy, the long-term goal of many nations, can potentially confer energy security, along with environmental and economic benefits. However, the transition from a conventional petroleum-based energy system to a hydrogen economy involves many uncertainties, such as the development of efficient fuel-cell technologies, problems in hydrogen production and its distribution infrastructure, and the response of petroleum markets. This study uses the US MARKAL model to simulate the impacts of hydrogen technologies on the US energy system and to identify potential impediments to a successful transition. Preliminary findings highlight possible market barriers facing the hydrogen economy, as well as opportunities in new R and D and product markets for bioproducts. Quantitative analysis also offers insights on policy options for promoting hydrogen technologies. (author)

From subsistence to market economy: Responses of Tibetan pastoralists to new economic realities

Directory of Open Access Journals (Sweden)

Angela Manderscheid

2004-04-01

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.

On the Fairness of the Higher Education in China

Science.gov (United States)

Li, Min

2012-01-01

With the establishment of the socialist market economic system in China, the issue of social fairness has been paid more and more attentions. The fairness issue of higher education, which is responsible for training high-quality talents for the national economy construction, has become the focus of attention. We discuss and research on the…

Disruption in Banking in Emerging Market Economy: An Empirical Study of India

Directory of Open Access Journals (Sweden)

Reena Agrawal

2017-12-01

Full Text Available The present study was taken up to capture the ongoing disruptions in banking in the Indian economy. The objective of this research was to: (1 study the initiatives taken by Reserve Bank of India to stimulate the payment market, (2 explore the disruptions in the Indian payment space, (3 examine the digitization at banks in India and (4 identify the challenges faced by traditional Indian banks and (5 propose measures to cope with threats posed by non-bank players. The study found that as technology companies and other non-bank players have successfully penetrated into large customer segments by offering basic banking services, to the customers at their doorsteps and at their convenience; it is obligatory for the traditional banks to expand market outreach and enrich service quality via digital podia, strategic alliances and disruptive innovations, in case they wish to avoid the risk of being relegated to back-office utilities.

Carbon markets and low-carbon investment in emerging economies: A synthesis of parallel workshops in Brazil and India

International Nuclear Information System (INIS)

Hultman, Nathan E.; Pulver, Simone; Pacca, Sergio; Saran, Samir; Powell, Lydia; Romeiro, Viviane; Benney, Tabitha

2011-01-01

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.

The effect of education and economic growth in the labour market in transition economies - Case study for SEE countries

Directory of Open Access Journals (Sweden)

Majlinda Mazalliu

2015-07-01

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.

Corporate Communication in the Network Economy

DEFF Research Database (Denmark)

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...

Optimizing the structure of financial resources of industrial enterprises in the market economy mechanism

Directory of Open Access Journals (Sweden)

A. Vlasov

2015-01-01

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.

MODERN MARKETING TOOLS IN THE NEW ECONOMY: EXPERIENTIAL MARKETING

OpenAIRE

Chesnokova, M.; Kirillovskaya A.

2013-01-01

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.

Markets, religion, regulation

DEFF Research Database (Denmark)

Fischer, Johan

2016-01-01

Most recent scholarship on moral economies or religious markets argues for the compatibility of economies/markets and religious practices in particular national or regional contexts. However, over the last couple of decades or so religious markets have entered a new phase characterized by new forms...... of regulation, certification and standardization on a global scale. Building on research on global kosher (a Hebrew term meaning “fit” or “proper”), halal (an Arabic word that literally means “permissible” or “lawful”) and Hindu vegetarianism this paper argues that these economies or markets to a large extent...... are conditioned by and themselves condition forms of transnational governmentality, that is, new and often overlapping practices of government and grassroots politics. I explore religious economies and markets at three interrelated levels of the social scale: state and non-state regulation, the marketplace...

The Sharing Economy

DEFF Research Database (Denmark)

Avital, Michel; Carroll, John M.; Hjalmarsson, Anders

2015-01-01

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...... 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...

Geçiş Ekonomileri ve Yeni Kurumsal İktisat’ın Yeniden Yükselişi = Transition Economies and the Re-Emergence of the New Institutional Economics

Directory of Open Access Journals (Sweden)

Esra GÜLER

2012-03-01

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.

Do Monetary, Fiscal and Financial Institutions Really Matter for Inflation Targeting in Emerging Market Economies?

OpenAIRE

Seedwell Hove; Albert Touna Mama; Fulbert Tchana Tchana

2011-01-01

Most emerging market economies (EMEs) which have implemented inflation targeting (IT) have continued to experience large, frequent and sometimes persistent inflation target misses. At the same time these countries had reformed their institutional structures when implementing IT. In this paper we empirically study the importance of central bank independence, fiscal discipline and financial sector development for the achievement of inflation targets in EMEs using the panel ordered logit model. ...

A Comparative Analysis of Social Media Marketing by Transportation Network Companies in the Sharing Economy

OpenAIRE

Heymans, Alice

2017-01-01

The sharing economy is a new business model rapidly expanding. In transportation, many people use innovative services proposed by ride-hailing mobile applications. These technological platforms, operated by networking companies, rely extensively on social media to promote their services, and reach new customers (riders) and providers (drivers). This dissertation focuses on e-marketing communication. It makes a comparative analysis of the information published on several social media (Facebook...

CONCEPTUALIZATION OF THE CONCEPT INSTITUTE OF THE MARKET OF INSURANCE SERVICES BASED ON THE NEO-CLASSIC ECONOMY

Directory of Open Access Journals (Sweden)

Yurii Klapkiv

2017-08-01

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.

Institutional Premises of Social Partnership Between Managers and Employees Under the Conditions of Socially-oriented Market Economy of the Federal Republic of Germany

Directory of Open Access Journals (Sweden)

M A Marinova

2008-12-01

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.

IPR Strategy, from Contest to Chess Game Interview with Ma Xiushan, Deputy Secretary General, China Intellectual Property Society

Institute of Scientific and Technical Information of China (English)

Sun Yongjian

2007-01-01

@@ China's Intellectual Property Rights(IPR) system was established in 1985. In its 21 years of existence, it has undergone unusual changes.IPR, as a new idea to be considered in constructing socialist market economy, helps promote internationalization and implement the strategy of "walking out", is so important that the Central Government has paid special attention to it.

The exchange rate managements in crisis-experienced emerging market economies after the 1990s

OpenAIRE

Taguchi, Hiroyuki

2005-01-01

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 ...

Buildings from the Socialist Past as part of a City’s Brand Identity: The case of Warsaw

OpenAIRE

Ochkovskaya Marina; Gerasimenko Valentina

2018-01-01

The aim of this paper is to investigate those buildings left over from Warsaw’s socialist past as a part of the city’s brand visual identity including their perception by foreign tourists and local citizens. Although Lisiak (2009) examined the destruction, removal and presence of these remnants from the socialist past in Central European cities, a comparative study of the perception of these architectural sites erected in Warsaw during socialist times has not been carried out specifically so ...

Driving forces of main landscape change processes from past 200 years in Central Europe - differences between old democratic and post-socialist countries

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Skokanová Hana

2016-03-01

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

Inefficient equilibria in transition economy

Directory of Open Access Journals (Sweden)

Sergei Guriev

1999-01-01

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.

City tourism and the sharing economy – potential effects of online peer-to-peer marketplaces on urban property markets

Directory of Open Access Journals (Sweden)

Stefan Brauckmann

2017-09-01

Full Text Available Purpose – The purpose of this paper is to investigate the potential effects of the so-called sharing economy on growing city tourism as well as on urban property markets. Design/methodology/approach – Official statistical data and a geo-information system (GIS are used on a small scale in order to identify concentration processes among overnight visitors and the potential concomitant conflicts with other interest groups. Findings – Currently, the effects of the sharing economy on housing markets and city tourism are barely measurable and are limited to a few central locations. However, a growing demand can be discerned in housing-like accommodation concepts which can be operated via booking platforms. As there is likely to be strong future growth in this area, continuous market observation (monitoring is urgently advised. Research limitations/implications – Official statistics only allow an analysis of overnight guests staying with larger accommodation providers. Booking platforms for holiday homes and other temporary accommodation options have such little interest in data transparency that the overall phenomenon of city tourism can be addressed only in part. Practical implications – Associating various data within the GIS enables municipal administrators and urban planners to identify potential sources of conflict within the property markets in good time and effectively counteract these where possible. Social implications – Increases in property prices directly attributable to growing city tourism may lead to the displacement of less financially secure members of the established population as well as businesses. Originality/value – The sharing economy is a relatively new research topic which will become increasingly important in future. The identification of potential sources of conflict due to tourist accommodation has therefore not yet been comprehensively carried out on a small scale.

[Discussion on releasing price of Chinese patent medicine to market economy to achieve sustainable development].

Science.gov (United States)

Long, Xingchao; Huang, Luqi; Jiang, Erguo; Zhou, Yonghong; Xu, Yanfeng; Zheng, Shuhua; Ning, Xiaoling; Liu, Hongwei; Chen, Lin

2012-02-01

To analyze costs of the traditional Chinese medicine industry focusing on production costs. Data of 50 planted Chinese herbal medicines and 50 wild Chinese herbal medicines were summarized and analyzed to see the changes of price of Chinese herbal medicines. The derivative problems of limited price were analyzed by crude drug, quality of Chinese medicine and sustainable utilization of resource. The price of Chinese medicine shall be adapted to sustainable development of market economy.

Small Open Economies with Frictions in Credit Markets: Target inflation or money growth when floating?

OpenAIRE

Paula Hernandez-Verme

2009-01-01

I compare the relative merits of a policy of inflation targeting for small open economies with frictions in financial markets with an alternative floating regime that has a constant rate of domestic money growth. The differences between these two policies appear only in the dynamic properties of equilibria with credit rationing. When the probability of loan repayment is low, inflation targeting eliminates endogenous volatility when compared with a constant money growth, but equilibria remain ...

77 FR 60675 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of Antidumping...

Science.gov (United States)

2012-10-04

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... fillets (``fish'') from the Socialist Republic of Vietnam (``Vietnam''). The Department has determined... Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of Vietnam, 68...

77 FR 73424 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Partial Rescission of...

Science.gov (United States)

2012-12-10

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... order on certain frozen fish fillets (``fish fillets'') from the Socialist Republic of Vietnam..., 2011. \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets from the Socialist Republic...

78 FR 40100 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Rescission of Antidumping...

Science.gov (United States)

2013-07-03

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam'') covering the period August 1... Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Initiation of Antidumping Duty New...

Smallholder dairy sheep production and market channel development: an institutional perspective of rural Former Yugoslav Republic of Macedonia.

Science.gov (United States)

Voors, M J; D'Haese, M

2010-08-01

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 access to new market outlets. The aim of this paper is to investigate the potential of dairy sheep farmers to enter into new contracts with buyers and to analyze why some farmers continue selling to traditional market outlets. Using survey data of dairy sheep farmers we studied the choice they make between 3 market outlets: (1) selling milk to a recently established large dairy processor, (2) selling milk to traditional small local processors, or (3) transforming milk on-farm into cheese and selling it at the farm gate or at local markets. The significance of determinants of choice for these markets were tested in a multinomial logit model, which showed that distance to the collection point of the large dairy processor was the most important determinant of whether farmers sold milk or made cheese, with those at a greater distance selling cheese. Furthermore, we analyzed the main sources of transaction costs in developing new market channels. Overcoming transport and transaction costs may contribute to higher income for the farmers and hence to improving their livelihoods. Copyright (c) 2010 American Dairy Science Association. Published by Elsevier Inc. All rights reserved.

Feminism and Critical Political Economy of Communication

Directory of Open Access Journals (Sweden)

Mojca Pajnik

2015-03-01

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.

Applying a Virtual Economy Model in Mexico's Oil Sector

International Nuclear Information System (INIS)

Baker, G.

1994-01-01

The state of Mexico's oil industry, including the accomplishments of Pemex, Mexico's national oil company, was discussed, with particular reference to the progress made in the period of 1988-1994, and the outlook for innovations in the post-Salinas era. The concept of an evolutionary trend from a command economy (State as sole producer), towards market (State as regulator) or mixed economies (State as business partner) in developing countries, was introduced, placing Pemex within this evolutionary model as moving away from centralized control of oil production and distribution, while achieving international competitiveness. The concept of ''virtual market economy'' was also discussed. This model contains the legal basis of a command economy, while instituting modernization programs in order to stimulate market-economic conditions. This type of economy was considered particularly useful in this instance, sine it would allow Pemex units to operate within international performance and price benchmarks while maintaining state monopoly. Specific details of how Pemex could transform itself to a virtual market economy were outlined. It was recommended that Pemex experiment with the virtual mixed economy model; in essence, making the state a co-producer, co-transporter, and co-distributor of hydrocarbons. The effects of such a move would be to bring non-debt funding to oil and gas production, transmission, and associated industrial activities

Ideological Cooperation versus Cold War Realpolitik - The SED and the Icelandic Socialist Party

Directory of Open Access Journals (Sweden)

Valur Ingimundarson

2007-01-01

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.

Pattern of Foreign Direct Investment in Developing Economies

DEFF Research Database (Denmark)

Patibandla, Murali

2004-01-01

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...... 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...

The Press and Democracy Building: Journalism Education and Training in Eastern and South-Eastern Europe during Transition

OpenAIRE

Foley, Michael

2010-01-01

Media assistance to the former communist countries of Eastern Europe from 1989 became an important part of the transformation of that part of Europe from a socialist command economy to a democratic, liberal market economy. The media was seen as an important ideological weapon of the previous regimes and so was to be transformed in order to change society. The exact amount of media aid is unknown, so much of it was hidden under such headings as aid to civil society and democracy building, but ...

Globalization and the financialization of the economy

Directory of Open Access Journals (Sweden)

Ion Bucur

2013-12-01

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.

The Economic Crisis and Several Effects on Global Economy

Directory of Open Access Journals (Sweden)

Florina BRAN

2011-01-01

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

The role of compensation in money market and new money market instruments Open

OpenAIRE

Duduiala-Popescu, Lorena

2009-01-01

Creation and proper functioning of the money market in Romania is subject to a preponderant constancy of private property, to support competition as a factor increasing the efficiency of the economy. Appearance money market in Romania is related to the transformations that have manifested in our country since 1989. As a mechanism of market economy, can not talk about them in existence before 1989. In a centralized economy, instruments, financial categories have ceased to reflect the actual si...

75 FR 29726 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of Partial Rescission...

Science.gov (United States)

2010-05-27

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam''). See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of...

76 FR 47149 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of Partial Rescission...

Science.gov (United States)

2011-08-04

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam''). See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist Republic of...

78 FR 55676 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results of the...

Science.gov (United States)

2013-09-11

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... order on certain frozen fish fillets (``fish fillets'') from the Socialist Republic of Vietnam... preliminary results. \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets From the Socialist...

Housing restitution policies among post-socialist countries: explaining divergence.

Czech Academy of Sciences Publication Activity Database

Lux, Martin; Cirman, A.; Sunega, Petr

2017-01-01

Roč. 17, č. 1 (2017), s. 145-156 ISSN 1461-6718 R&D Projects: GA ČR GA16-06335S Institutional support: RVO:68378025 Keywords : housing privatisation * property restitution * post-socialist countries Subject RIV: AO - Sociology, Demography OBOR OECD: Sociology

76 FR 61088 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Initiation of New Shipper...

Science.gov (United States)

2011-10-03

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam, received between... on certain frozen fish fillets from the Socialist Republic of Vietnam was published in the Federal...

The causal dynamics between coal consumption and growth: Evidence from emerging market economies

International Nuclear Information System (INIS)

Apergis, Nicholas; Payne, James E.

2010-01-01

This study examines the relationship between coal consumption and economic growth for 15 emerging market economies within a multivariate panel framework over the period 1980-2006. The heterogeneous panel cointegration results indicate there is a long-run equilibrium relationship between real GDP, coal consumption, real gross fixed capital formation, and the labor force. While in the long-run both real gross fixed capital formation and the labor force have a significant positive impact on real GDP, coal consumption has a significant negative impact. The panel causality tests show bidirectional causality between coal consumption and economic growth in both the short- and long-run. (author)

Pension risk management in a developing economy:lessons from the nigerian capital market

Directory of Open Access Journals (Sweden)

Onafalujo Akin k.

2010-12-01

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.

Corruption and the economy

Directory of Open Access Journals (Sweden)

Tanzi Vito

2013-01-01

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.

Knowledge, Skills, and Abilities for the Market Economy: An Investigation of Student Perceptions before and after China's WTO Entry

Science.gov (United States)

Stivers, Bonnie P.; Veliyath, Raj; Joyce, Teresa; Adams, Janet S.

2010-01-01

This exploratory study conducted in the People's Republic of China sought to determine the managerial knowledge, skills, and abilities (KSAs) that are perceived as important for the Chinese market economy. Questionnaire responses were collected from 145 business students in 2001 (before China's WTO entry) and 141 business students in 2006 (after…

78 FR 48415 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Amended Final Results of...

Science.gov (United States)

2013-08-08

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... review of the antidumping duty order on certain frozen fish fillets (``fish fillets'') from the Socialist... August 1, 2011, through January 31, 2012. \\1\\ See Certain Frozen Fish Fillets from the Socialist Republic...

76 FR 70111 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension of Deadline for...

Science.gov (United States)

2011-11-10

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam (``Vietnam'').\\1... 4, 2011.\\3\\ \\1\\ See Notice of Antidumping Duty Order: Certain Frozen Fish Fillets from the Socialist...

Statistical Physics of Economic Systems: a Survey for Open Economies

Science.gov (United States)

Tao, Yong; Chen, Xun

2012-05-01

We extend the theoretical framework of an independent economy developed by Tao [Phys. Rev. E 82 (2010) 036118] so as to include multiple economies. Since the starting point of our framework is on the basis of the theory of the competitive markets of traditional economics, this framework shall be suitable for any free market. Our study shows that integration of world economies can decrease trade friction among economic systems, but may also cause a global economic crisis whenever economy disequilibrium occurs in any one of these economic systems.

Designing energy supply for the future. Gestaltung einer kuenftigen Energieversorgung

Energy Technology Data Exchange (ETDEWEB)

Roessle, G [Roessle Unternehmensberatung, Ludwigsburg (Germany)

1991-12-01

The government can design the energy future in two ways: Either by a defining energy plants and their organisation in a concrete manner and dictating the measures and regulations accordingly, or, by setting an abstract aim such as reduction of emissions without spelling out the necessary measures. The first model I should like to call the 'regulation model' the second as 'deregulation model'. The difference in method and performance of both models is comparable to the difference between a socialist planned economy and a social market economy. (orig.).

78 FR 11150 - Utility Scale Wind Towers From the Socialist Republic of Vietnam: Amended Final Determination of...

Science.gov (United States)

2013-02-15

... From the Socialist Republic of Vietnam: Amended Final Determination of Sales at Less Than Fair Value... Department published the final determination of sales at less than fair value in the antidumping duty... the Socialist Republic of Vietnam: Final Determination of Sales at Less Than Fair Value, 77 FR 75984...

The EU anti-dumping policy against non-market economies - The choice of an analogue country and the quality of products

DEFF Research Database (Denmark)

Nielsen, Jørgen Ulff-Møller; Rutkowski, Aleksander Jerzy

2003-01-01

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 and ...

Working in the informal economy.

Science.gov (United States)

Kidder, T

2000-07-01

Informal ways of working are widespread and central to the economy and markets. This paper explores what informal economy is and how it could be more valuable for men and women. The informal economy is a mix of the following activities: 1) subsistence work which includes agriculture, marginal economic projects, and unpaid work in the home; 2) informal work which includes unregistered businesses, and illegal or criminal activities; 3) casual production, a sub-contracted or ¿off-the-books¿ work which deprives workers of the benefits tied to recognized employment; and 4) community work and barter. It is shown that more women, when compared to men, work and live on the border between the household and the market economy. Usually men do more technical or mechanized production while women tend to do activities within traditional women's roles. Men and women often have different understanding of what work is. Men consistently underestimate the women's contribution to the household income. To improve this critical issue of gender differences, rules, norms, and laws that cause problems must be identified, and then work can begin with both men and women to change laws and policies, as well as ideas and beliefs about women's contribution to the economy.

75 FR 26199 - Certain Frozen Fish Fillets from the Socialist Republic of Vietnam: Extension of Time Limit for...

Science.gov (United States)

2010-05-11

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... 31, 2009. See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results... Barrientos, Senior Case Analyst, Certain Frozen Fish Fillets from the Socialist Republic of Vietnam, dated...

Social-geographic approaches to application of economic-mathematical modeling in predicting the place of Ukrainian farming economies in food market commoditization

Directory of Open Access Journals (Sweden)

Valeriy Rudenko

2017-11-01

Full Text Available Social-geographic analysis of farmery with application of economic-mathematical modeling allowed for prediction of farming economies’ role in food market commoditization. The equation of potential demand was suggested. Actual consumption and its recommended rates with respect to meat and meat products, milk and milk products, eggs, fish and fish products, bread and cereal products, potatoes, vegetables, fruits and berries, etc, were compared. Cartographic model of Ukrainian domestic food market’s potential capacity (within good-money relations was developed. The low level of purchasing power, especially in rural population, makes a high percentage of foodstuffs be beyond the goods-money relations. In rural areas, they (inclusive of farmers produce and consume a significant portion of foodstuffs that escaped the goods-money relations, or such foodstuffs were given to them by the relatives. We regard that in the process of assessment of the capacity of domestic food market, this share of products should also be taken into account. The assessment also necessitates consideration of the number of urban and rural population in Ukrainian regions; manufacturing of certain types of agricultural production; needs in this or that type of product as prescribed by minimal and rational consumption rates. When predicting, with the use of economic-mathematical modeling, the places of farming economies in commoditization of food market, it is reasonable to apply the parameters of time series of the number of farming economies and the areas of lands used by them with consideration of the dynamics of population number and the level of its (population self-provision with agricultural production. Application of predictive linear models shows that the share of production manufactured by farming economies will be most essential before 2020 on the market of potatoes and vegetables (reaching 15 %. Despite the predicted double increase in animal production, its share

GAS AND COAL EXTRACTIVE INDUSTRY DURING THE SOCIALIST INDUSTRIALIZATION PERIOD (1948-1989

Directory of Open Access Journals (Sweden)

MARIUS BULEARCA

2015-12-01

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.

Glurbanization of the Chinese megacity Guangzhou – image-building and city development through entrepreneurial governance

OpenAIRE

A. L. Bercht

2013-01-01

The continuing integration of the Chinese economy into the globalizing world and increasing intercity competition have had significant and comparatively recent implications for post-socialist urbanization in China. Driven by market-oriented development and globalization, decentralization of economic decision-making and downscaling of governance from the central state to local governments and authorities characterize the changing role of the state from urban managerialism to ...

COMPETITION AS MARKET MECHANISM

Directory of Open Access Journals (Sweden)

N. Ya. Kazhuro

2015-01-01

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

Food security, wheat production and policy in South Africa: Reflections on food sustainability and challenges for a market economy

Directory of Open Access Journals (Sweden)

Francois de Wet

2018-01-01

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

The Making and Development of Economic Forms of the Industry of Turkestan Krai in the late 19th – Early 20th Centuries

OpenAIRE

Tulebaev Turganzhan; Gulzhaukhar K. Kokebayeva

2015-01-01

The period of the late 20th and the early 21st centuries is characterized for many post-socialist countries by profound social/economic transformations. They are going through a tough transition from the implementation of market reform to the formation of a market economy oriented towards innovation development. The historical past of these countries attests that, in a sense, they have already been going through a similar process – back in the late 19th-early 20th centuries. The history of th...

The Modeling of Competitive Positions of Enterprises of Real Sector of Economy in the Domestic Market

Directory of Open Access Journals (Sweden)

Kutsyk Valentuna A.

2017-12-01

Full Text Available Topicality of rational choice of methodical instrumentaqrium in assessing competitive positions of enterprises is substantiated. A wide list of methodical approaches to assessment of competitive positions of enterprises in market environment is presented, and the spheres of their practical application, general disadvantages and advantages, are characterized. The characteristics of matrix models (GE/McKinsey, SHELL/DPM, PIMS, BCG are presented on a selective basis, so that, proceeding from a wide range of models, supported by the proper information provision, they can be assigned as the exact ones. Given the lack of information provision, disadvantages, and advantages of existing models and considering it as a means of system management, the authors have proposed to use the map of the «portfolio of competitive advantages» in the form of a nine-celled model matrix (3x3 with two-dimensional system of coordinates. The proposed model of «competitiveness / share of the national market» is an expression of competitive position of enterprises of the real sector of economy taking into consideration dynamic influence of factors of competitive environment and, at the same time, a methodical means for substantiation of competitive strategy. However, an important step in choosing the basic variant of competitive strategy for an enterprise in the real sector of economy is to determine the functional objectives to its efficient implementation.

76 FR 81913 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

Science.gov (United States)

2011-12-29

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... antidumping duty order on certain frozen fish fillets from the Socialist Republic of Vietnam.\\1\\ Subsequent to..., 2012. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Preliminary Results...

76 FR 20626 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

Science.gov (United States)

2011-04-13

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... and requests for revocation in part for certain frozen fish fillets from the Socialist Republic of... administrative reviews and requests for revocation in part for certain frozen fish fillets from the Socialist...

75 FR 44938 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

Science.gov (United States)

2010-07-30

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... the period August 1, 2008, through July 31, 2009. See Certain Frozen Fish Fillets from the Socialist...: Antidumping Duty Administrative Review of Certain Frozen Fish Fillets from the Socialist Republic of Vietnam...

75 FR 57261 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Correction of Date for the...

Science.gov (United States)

2010-09-20

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... reviews for certain frozen fish fillets from the Socialist Republic of Vietnam covering the period August 1, 2009, through February 15, 2010. See Certain Frozen Fish Fillets From the Socialist Republic of...

The Destructuring and Restructuring of Global Labor Markets

DEFF Research Database (Denmark)

Schmidt, Johannes Dragsbæk

in global labor markets and industrial relations. The third part situates more squarely the impact of globalization on the catching-up strategies of Russia and China, while the next section digs into the transformation of the industrial relations regimes in Russia and China in comparative perspective....... Finally, the paper rounds up by pointing to the main similarities and differences between industrial relations, work and labor market regulation in Russia and China, but also with implications for a broader context. In order to come to terms with the crisis of former socialist type societ...

Service Recovery in Transition Economies: Russia and China

OpenAIRE

Wendy K. T. Gubler; Matthew W. McCarter; Kristie K. W. Seawright; Yuli Zhang

2008-01-01

While processes for transition from planned to market economy vary, there is one common outcome from the transition process – more discriminating customers. Growing customer expectations increase the possibility of failing to meet those expectations. In competitive market economies service failures are accompanied by new consequences of lost customer loyalty. These potential losses to service providers that can result from service failures necessitate the implementation of service recov...

Social economy and social enterprise

DEFF Research Database (Denmark)

Hulgård, Lars

2011-01-01

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...... 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...

Foundations for the post 2030 space economy: Cislunar and lunar infrastructure, Moon Village, Mars and planetary missions as markets.

Science.gov (United States)

Beldavs, Vid; Dunlop, David; Crisafulli, Jim; Bernard, Foing

2016-04-01

Introduction: The International Lunar Decade (ILD)[1] 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: [1] Beldavs

Working Within the Collaborative Tourist Economy

DEFF Research Database (Denmark)

Meged, Jane Widtfeldt; Christensen, Mathilde Dissing

2017-01-01

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...... pseudo-sharing manoeuvring in micro-competitive platform capitalism....

75 FR 80795 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time Limit for...

Science.gov (United States)

2010-12-23

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... of the sixth administrative and new shipper reviews of certain frozen fish fillets from the Socialist... January 13, 2011. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Notice of...

SOCIAL ECONOMY AS THE MAINSTREAM OF THE EUROPEAN UNION DEVELOPMENT

Directory of Open Access Journals (Sweden)

Diana GAFAROVA

2017-12-01

Full Text Available The global community is striving nowadays to find ways to stabilize social processes, as well as to solve the problem of involving socially vulnerable groups in the social and economic life and work out a strategy for reducing long-term unemployment. The development of the social economy has been chosen as the mainstream of the European Union development. A great deal of attention of European Commission is paid to studying and development of recommendations on the introduction of principles of social economy, both in the basic EU countries and in the countries that are becoming the new members of the EU. However the national approach to the legalization and support of social companies is used in each country. So, for example, in Slovakia it is supposed to create social enterprises for inclusion of disadvantaged people to the labour market first of all. Along with support of the traditional actors of the social economy, the EU is also actively developing new forms of social economy actors, social enterprises are primarily among which. The development of the principles of social economy and the activation of social enterprises is relevant for many post-Soviet countries, including Russia. However, so far in Eastern European scientific practice, many researchers do not see the difference between the concepts of social economy, social market economy, solidarity economy. The key characteristics of the social economy are considered in the article, the interrelation of social, social market and solidarity economies is observed, modern trends in the construction of the social economy of the EU are highlighted.

Management in ekonomija: ali je to dvoje ali eno? (Elementi in razumevanje postocializma in managerske revolucije = Management and Economy: Are They the Same Or Not?

Directory of Open Access Journals (Sweden)

Tonci Kuzmanic

2007-03-01

Full Text Available Author starts from important but suppressed equalisation of economy and management in post socialist and post capitalist circumstances which represents the very essence of post-modern global dominance (globalisation. An attempt to distinguish economy from management is connected with the appearance of neo-liberalism as the central argumentative machinery of management being connected with postmodern type of subjectivity. In comparison with the so-called »objective law« around which economy used to revolve (ideally, of course, management explicitly leaves this terrain and opens itself up to the subjective, even subversive activity at the level of global society. In that sense economy and management are operating on two radically different levels and we could even speak of two different entities which should be analytically distinguished. The very supposition for modern defence with regard to post-modern forms of dominance is exactly a possibility of differentiating between economy and management.

Women and labor market changes in the global economy : growth helps, inequalities hurt, and public policy matters

OpenAIRE

Tzannatos, Zafiris

1998-01-01

This report examines the level and changes in female and male participation rates, employment segregation, and female wages relative to male wages across the world economy. It funds sufficient evidence to support the view that labor markets in developing countries are transformed relatively quickly in the sense that gender differentials in employment and pay are narrowing much faster than they did in industrialized countries. However, the report evaluates the inefficiencies arising from persi...

77 FR 1470 - Certain Frozen Fish Fillets From the Socialist Republic of Vietnam: Extension of Time for Final...

Science.gov (United States)

2012-01-10

... DEPARTMENT OF COMMERCE International Trade Administration [A-552-801] Certain Frozen Fish Fillets... preliminary results of the new shipper review of certain frozen fish fillets from the Socialist Republic of... due no later than March 4, 2012. \\1\\ See Certain Frozen Fish Fillets From the Socialist Republic of...

Regional Approach to Luxury Market Segmentation: The Case Of Western Balkans

OpenAIRE

Melika Husic-Mehmedovic; Emir Agic

2015-01-01

Nature of the luxury brand requires limited market in order to maintain exclusivity. Individual countries in the Western Balkans are not lucrative per se, therefore, regional segmentation is needed in the case of luxury brands. Countries of Western Balkan, i.e. Bosnia and Herzegovina, Croatia, Serbia and Slovenia are all post-socialist, post-war countries currently going through major transitions. Â Rather small markets are yet to be established in its final form politically, economically, so...

Global Market, Colonial Economies and Trade Corporations: The consulates at Guadalajara and Buenos Aires

Directory of Open Access Journals (Sweden)

Antonio Ibarra

2013-04-01

Full Text Available This paper seeks to examine the global organization of two Spanish American colonial spaces during the era of free trade: the Hispanic North and Rio de la Plata. By studying the consular records on foreign trade, included in the derecho de avería records, I analyse how their economies were integrated into the circulation of silver, slaves, and imports. Moreover, I explain the institutional development of their trade communities, favored by the body of consulates in the cities of Guadalajara and Buenos Aires, viewed as institutional instruments of corporate negotiation, market administration, and interest organization against a backdrop of trade globalization.

Universal patterns or the tale of two systems? Mathematics achievement and educational expectations in post-socialist Europe.

Science.gov (United States)

Bodovski, Katerina; Kotok, Stephen; Henck, Adrienne

2014-09-01

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.

Dynamics of market orientation in Croatian economy

Directory of Open Access Journals (Sweden)

Ivana First

2011-12-01

Full Text Available It was the goal of this research to examine the dynamics of Croatian transformation to market orientation and test whether the market orientation model changes with time as the business environment changes. Based on the literature analysis, we proposed a hypothetical model which relies on behavioural approach in understanding market orientation. To empirically test the hypothetical model, we used data previously collected for 2001, and by replicating the same questionnaire now collected data for 2011. Data was analyzed by hierarchical regression analysis on the two sets of data. Our findings reveal that Croatian organizations reached the level of moderate market orientation leaving space for improvement. Findings also reveal that higher level of market orientation correlates with higher business performance. Furthermore, with development of ICT, the model of market orientation modified in time in a way that in predicting successful market oriented reaction, specific information on consumer satisfaction gains importance, while general information from competitor and consumer databases lose importance. Despite the changes in the relationships among the elements of market orientation, the model itself similarly predicts performance today as it did ten years ago. Managers are advised to increase implementation of market orientation especially focusing on market responsiveness as such behaviour will lead to better performance.

INSTITUTIONAL TRANSFORMATIONS TO ECONOMY OF THE URAL FEDERAL DISTRICT

Directory of Open Access Journals (Sweden)

S.I. Mayer

2007-06-01

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.

Bureaucratic Behavior: A Review of the Theory and its Application to Serbian Public Administration

OpenAIRE

Jelena Žarković-Rakić

2007-01-01

A professional and competent public administration is necessary for successful transition from a socialist, centrally planned economy to a functioning market democracy. The difficulty lies in building an organized and effective civil service sector. This paper gives a brief overview of formal bureaucratic reasoning, beginning with Niskanen’s theory, followed by the principal-agent model. The "Weberian state hypothesis", which provides an alternative view of bureaucracies in less developed cou...

Zachowania konsumenckie - teoria preferencji - reklama

OpenAIRE

Kowalik, Stanisław

1994-01-01

Ane article analyses the changes in consumer behaviour during the period of transition from socialist -planned to market economy. Three types of consumer behaviour are distinguished: acquisition, use, and disposal of goods. The theoretical basis of the analysis was Coombs' preference theory. His conception was also used to indicate the dangers of inappropriate uses of advertising regard to people with limited financial resources. Digitalizacja i deponowanie archiwalnych zeszytó...

For a Socialist Theoretical System for Human Rights with Chinese Characteristics

Institute of Scientific and Technical Information of China (English)

GU CHUNDE

2011-01-01

@@ Ⅰ.The Necessity and Feasibility for Developing a Socialist Theoretical System for Human Rights with Chinese Characteristics Development of such a system is needed to ensure success of the social transformation and transition ongoing up in China.

Constitution and religiosity of/in the constitutional order of the National Socialist Empire

Directory of Open Access Journals (Sweden)

Velez, Pedro

2017-05-01

Full Text Available In this article, we will analyse the National Socialist regime as a politico-constitutional reality. We will do it from a new way of looking at politico-constitutional phenomena, interpreting them as registered in a religious grounding. It seeks to show that the National Socialist regime was characterised by having identified the political community – a racially interpreted and raised community to the Absolute – with an empirical historic personality regarded as eminently communitarian. It suggests that the regime constitutes a sui generis case, either in a context of regimes conventionally classified as "right-wing authoritarian and/or totalitarian" or in a larger context of contemporary politics.

A complex systems approach to constructing better models for managing financial markets and the economy

Science.gov (United States)

Farmer, J. Doyne; Gallegati, M.; Hommes, C.; Kirman, A.; Ormerod, P.; Cincotti, S.; Sanchez, A.; Helbing, D.

2012-11-01

We outline a vision for an ambitious program to understand the economy and financial markets as a complex evolving system of coupled networks of interacting agents. This is a completely different vision from that currently used in most economic models. This view implies new challenges and opportunities for policy and managing economic crises. The dynamics of such models inherently involve sudden and sometimes dramatic changes of state. Further, the tools and approaches we use emphasize the analysis of crises rather than of calm periods. In this they respond directly to the calls of Governors Bernanke and Trichet for new approaches to macroeconomic modelling.

The regulated energy economy versus the free energy market - The West German experience

International Nuclear Information System (INIS)

Liesen, K.; Schwarz, H.O.

1989-09-01

The overall good performance of the West German energy industry in terms of energy policy objectives such as security of supplies, competitiveness, efficient use of energy and environmental protection, is attributable to an energy policy based on the principles of the market economy and steady application of these same principles. Today, though, a debate, at times controversial, on whether more market influence or more government intervention is required is underway in West Germany; in view of the successes of energy policy and the balance struck between free enterprise and the government in the past, this debate has met with little understanding in some quarters. It is generally agreed, though, that the quality of the challenges energy policy and the energy industry in West Germany will confront in the future will remain essentially unchanged. West German energy policy will have to deal with: reestablishing a consensus on coal and nuclear power policy; achieving a high standard of environmental protection in the European Communities, and strengthening the position of the energy industry as efforts are made to get moves underway to create a single European market for energy underway. No fundamental change in the course of energy policy in the Federal Republic of Germany is needed to solve current energy policy issues or to preserve the underlying goals of this policy. An energy policy which continues to give priority where possible to market mechanisms as a means of adjustment and provides energy suppliers and users with a stable and reliable framework in which to operate, offers the best promise for meeting the challenges of the future. (author). 2 figs

Globalization of Brewing and Economies of Scale

DEFF Research Database (Denmark)

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...

INFORMATION – A VALUABLE ELEMENT IN THE MANAGEMENT SYSTEM OF THE MARKET ECONOMY

Directory of Open Access Journals (Sweden)

Ion SARBU

2015-12-01

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.

Bridging the European Wind Energy Market and a Future Renewable Hydrogen-Inclusive Economy. A Dynamic Techno-economic Assessment

International Nuclear Information System (INIS)

Shaw, S.; Peteves, S.D.

2006-01-01

The study establishes the link between the growing wind market and the emerging hydrogen market of the European Union, in a so-called 'wind-hydrogen strategy'. It considers specifically the diversion of wind electricity, as a wind power control mechanism in high wind penetration situations, for the production of renewable electrolytic hydrogen - a potentially important component of a renewable hydrogen-inclusive economy. The analysis examines the long-term competitiveness of a wind-hydrogen strategy via cost-benefit assessment. It indicates the duration and extent to which (financial) support, if any, would need to be provided in support of such a strategy, and the influence over time of certain key factors on the outcome

Economy and energy politic

International Nuclear Information System (INIS)

Martin, J.M.

1992-01-01

This book, divided into four parts, describes, first, energy consumption and national economy growth. In a second part, the irresistible ascent of coal, natural gas and petroleum international markets is studied. In the third part, energy politic is investigated: exchanges releasing, prices deregulation, contestation of power industry monopoly, energy national market and common energetic politic, single market concept. In the last part, global risks and world-wide regulations are given: demand, energy resources, technical changes, comparative evaluations between fossil, nuclear and renewable energies, environment, investments financing and international cooperation. 23 refs., 14 figs., 16 tabs

How do Institutions Affect Corruption and the Shadow Economy?

OpenAIRE

Axel Dreher; Christos Kotsogiannis; Steve McCorriston

2005-01-01

This paper analyzes a simple model that captures the relationship between institutional quality, the shadow economy and corruption. It shows that an improvement in institutional quality reduces the shadow economy and affects the corruption market. The exact relationship between corruption and institutional quality is, however, ambiguous and depends on the relative effectiveness of the institutional quality in the shadow and corruption markets. The predictions of the model are empirically test...

“Building a New Socialist Countryside” – Only a Political Slogan?

Directory of Open Access Journals (Sweden)

Gunter Schubert

2009-01-01

Full Text Available In March 2006, China’s National People’s Congress officially promulgated the central government’s intention to “build a new socialist countryside”, a new policy initiative and approach to rural development. Drawing on fieldwork conducted in two Chinese counties in 2008 and 2009, this article investigates how the new policy is being substantiated and implemented at the local level. It argues that by combining China’s new fiscal system of transfer payments to poor local governments with administrative reforms, intensified internal project evaluation, and efforts to increase the rural income through a mixture of infrastructural investment, agricultural specialization, the expansion of social welfare, and accelerated urbanization, “building a new socialist countryside” constitutes more than a political slogan and has the potential to successfully overcome rural poverty and the rural-urban divide.

The Clean Air Act and the Economy

Science.gov (United States)

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.

Exploring the Sharing Economy

DEFF Research Database (Denmark)

Netter, Sarah

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...

CSR perception as a signpost for circular economy

NARCIS (Netherlands)

Esken, Björn; Franco-Garcia, Laura; Fisscher, Olaf A.M.

2018-01-01

Purpose: This paper aims to identify managerial implications for multinational corporations (MNCs) with regard to circular economy (CE) by using data on corporate social responsibility (CSR) perception in different types of market economies owing to diverse institutional contexts. These managerial

Approximate Cores of a General Class of Economies. Part II. Set-Up Costs and Firm Formation in Coalition Production Economies,

Science.gov (United States)

1982-02-01

r AAI1Z 608 YALE UNIV NEW HAVEN CT C OWLES FOUNDATION FOR RESEARC --ETC F/G 513 APPROXIMATE CORES 6F A GENERAL CLASS OF ECONOMIES. PART It. SET--ETC(U...theoretic models of the economy in strategic form are institutional. Markets and firms and even money are assumed to exist. Cooperative game theory can be...groups. Alternatively we can define firms and firms- in-being, specify the manner of trade in the markets , define what is meant by entry and exit and

Corporate Relationship Marketing in Developing Economies ...

African Journals Online (AJOL)

relationship marketing (CRM) as multi-auspicious and efficacious new sensation to drive Nigerian banks to topmost heights with utmost sustainability. This competition – friendly vantage pathway is conceptually projected in this work as the relationship marketing – performance causality (REMPEC) diagnostic connect.

Iraq's Economy: Past, Present, Future

National Research Council Canada - National Science Library

Sanford, Jonathan E

2003-01-01

.... This pattern was most pronounced during the recent regime of Saddam Hussein, which was at root a centrally-directed command economy with some trappings of market economics and crony capitalism...

Handbook on the Experience Economy

DEFF Research Database (Denmark)

This illuminating Handbook presents the state-of-the-art in the scientific field of experience economy studies. It offers a rich and varied collection of contributions that discuss different issues of crucial importance for our understanding of the experience economy. Each chapter reflects diverse...... an insight into how receivers react to experiential elements of experience economy studies. An innovative presentation of experience economics, this is a remarkable collection of new theory and analyses. This book will prove an invaluable resource to researchers and students in management, marketing...... scientific viewpoints from disciplines including management, mainstream economics and sociology to provide a comprehensive overview. The Handbook is divided into three subsections to explore progression in the scientific field of experience economy studies. The first section focuses on fundamental debates...

Research document no. 19. The transposition conditions of the market institutions in transition economies (Russia). The energy case

International Nuclear Information System (INIS)

Locatelli, C.

2000-07-01

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.)

The National Socialist State in the View of Norbert Frei
O estado nacional-socialista na ótica de Norbert Frei

OpenAIRE

Marco Pais Neves dos Santos

2012-01-01

This article has as context World War II, the largest and bloodiest conflict in human history, and is the conception of the National Socialist State produced by Norbert Frei, one of the most influential historians of our time, in his work: The State of Hitler: The national Socialist power from 1933 to 1945. It has as object how Norbert Frei conceives German history between the years of 1933-1945, and his critical eye on the National Socialist State, analysing not only from the standpoint of i...

Hospital reforms in France under a Socialist government.

Science.gov (United States)

De Pouvourville, G

1986-01-01

French health care faced the dual crises of rising costs and excess physicians. No government, whether left or right, could avoid focusing reform on the extensive public hospital system. Many differences introduced by the Socialists after 1981 were rhetorical and relational--matters of "democratization" of governance and "control" of physicians. Paradoxically, the two major structural reforms, "departmentalization" and "global budgeting," were extensions of actions begun under preceding governments. Neither has come to fruition yet.

Power systems control complex optimization in the new market conditions

International Nuclear Information System (INIS)

Krumm, L.; Kurrel, U.; Tauts, A.; Terno, O.; Zeidmanis, I.; Krisans, Z.

2000-01-01

A generalization and development of the theory and methods for complex optimisation of the performance and development control of an interconnected system (IPS) under new market conditions (mainly multicriterial and game approaches) is given considering the specifics of IPS at the international level in post-socialist countries and in particular in the Baltic states. Thereby the kernel of the mathematical apparatus of this theory the Generalized Reduced Gradient Method (GRGM) is further generalised and developed with the application of multicriterial and game methods to meet various market conditions. (author)

The Impact of Syrian Refugees on the Turkish Economy: Regional Labour Market Effects

Directory of Open Access Journals (Sweden)

Oğuz Esen

2017-10-01

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.

Social Welfare and the Market Economy.

Science.gov (United States)

Nelson, Joel I.

1992-01-01

Reports on a study that questions whether private enterprise can maintain quality while reducing costs of providing social welfare services. Reviews three aspects of privatization: (1) competitive markets; (2) rationality; and (3) cost reduction. Concludes by questioning a central claim of economic theory: that free markets and private firms are…

A strategic approach to a green economy.

Science.gov (United States)

Trumka, Richard L

2009-01-01

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.

THE ROLE OF BUSINESS INSURANCE IN NATIONAL ECONOMY IN POLAND

Directory of Open Access Journals (Sweden)

Aldona Mrówczyńska-Kamińska

2016-09-01

Full Text Available The main aim of the study is to show the role of business insurance in the Polish national economy. The fi rst part presents an overview of the insurance market. In the second part the importance of insurance in the national economy is discussed, based on calculated penetration rates, insurance density, activity monitoring, coverage ratio and solvency ratio. Finally the density and penetration rates in Poland were compared with those in other EU countries. The primary research method was descriptive method and the basic indicators of the importance of insurance in the national economy. The main source materials were data from the Central Statistical Offi ce, the Polish Financial Supervision Authority and the Polish Insurance Association. This study covers the period 2006–2014. The study confi rmed a good standing of the Polish insurance market and the fact that it systematically reduces the distance that separates the Polish insurance market from the largest European markets.

Platform economy in Denmark – precarious employment?

DEFF Research Database (Denmark)

Rasmussen, Stine; Madsen, Per Kongshøj

limited. Nevertheless the labour offered through the platforms has a precarious character for instance in terms of lower wages and poorer rights and protection compared to the labour at the traditional, offline labour market. One important issue here is also the confusion as to whether the worker......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...

The Scientific and Technical Revolution in the Socialist Republic of Viet Nam.

Science.gov (United States)

Vien, Nguyen Khac

1979-01-01

Discussed are the reasons for the Socialist Republic of Viet Nam's scientific backwardness. A development project which will enable this country to become a modern, economically self-sufficient country by the year 2000 is outlined. (BT)

Displacement in new economy labor markets: Post-displacement wage loss in high tech versus low tech cities.

Science.gov (United States)

Davis, Daniel J; Rubin, Beth A

2016-11-01

While scholars and politicians tout education as the salve to employment disruptions, we argue that the geography of the new economy, and the social closure mechanisms that geography creates, may be just as important as individuals' characteristics for predicting post-displacement wage loss (or gain). We use data from the 2012 Displaced Workers ement of the Current Population Survey and from the 2010 United States Census to test hypotheses linking local labor markets in different industrial contexts to post-displacement wage loss. Our results point to age as a closure mechanism, and to the partially protective effect of education in high-tech versus low-tech economic sectors. This study is the first to use national level data to examine how employment in high-tech cities influences post-displacement wages. These findings are relevant both for theorizing about the new economy and for public policy. Copyright © 2016 Elsevier Inc. All rights reserved.

The Social Economy Enterprises in Romania

Directory of Open Access Journals (Sweden)

Chelariu Gabriel

2017-01-01

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.

The constraints to the economic development in the former socialist EU countries from the Central and Eastern Europe

Directory of Open Access Journals (Sweden)

Vasile Dinu

2016-08-01

Full Text Available In the last 25 years, most Central and Eastern European states have become detached from the centralized economy system thus demonstrating the reliability of the market economy. The unequivocal effect of the free market, with ups and downs, forces researchers to undertake increasingly complex economic analysis and further the profile of the new economy. With the accession of a number of countries from this region to the European Union there were some constraints and limitations in adopting the European acquis, whose knowledge and solution involves the use of specific policies and tools. We consider the problems related to the resolution of economic, social and technological discrepancies and gaps, of mitigating the negative impact of unfavourable demographic trends, of elucidating the role of the state amid the erosion of its duties due to the process of integration and globalization, of increasing pressure interdependencies interstate and others.

Impact of Foreign Direct Investments on Unemployment in Emerging Market Economies: A Co-integration Analysis

Directory of Open Access Journals (Sweden)

Yilmaz Bayar

2017-09-01

Full Text Available Purpose: The goal of the paper is to investigate the long run effect of both foreign direct investments and domestic investments on the unemployment in 21 emerging economies over the period 1994-2014. Design/methodology/approach: The effect of domestic and foreign direct investments on unemployment was investigated via panel data analysis. First tests of cross-section dependence and homogeneity were conducted, and then the stationarity of the series was analyzed with Pesaran's (2007 CIPS unit root test. The long run relationship among the series was examined with Westerlund-Durbin-Hausman's (2008 co -integration test. Finally, we estimated the long run coefficients with the Augmented Mean Group (AMG estimator. Findings: The empirical findings revealed a co-integrating relationship among domestic investments, foreign direct investments, and unemployment. Furthermore, foreign direct investment inflows affected the unemployment positively in the long term, but domestic investments affected the unemployment negatively. Originality/value: This study can be considered as one of the early studies researching the long run interaction between domestic investments, foreign direct investments and unemployment for the sample of emerging market economies. Furthermore, the findings are very meaningful for policymakers in the design the economic policies for decreasing unemployment.

Animal spirits, competitive markets, and endogenous growth

Science.gov (United States)

Miyazaki, Kenji

2013-10-01

This paper uses a simple model with an endogenous discount rate and linear technology to investigate whether a competitive equilibrium has a higher balanced growth path (BGP) than the social planning solution and whether the BGP is determinate or indeterminate. The implications are as follows. To start with, people with an instinct to compare themselves with others possess an endogenous discount rate. In turn, this instinct affects the economic growth rate in a competitive market economy. The competitive market economy also sometimes achieves higher economic growth than a social planning economy. However, the outcomes of market economy occasionally fluctuate because of the presence of the self-fulfilling prophecy or animal spirits.

Capacity building in economics : education and research in transition economies

OpenAIRE

Pleskovic, Boris*Aslund, Anders*Bader, William*C

2002-01-01

The development of the institutional capacity to create and evaluate economic policies remains a critical need-and constraint-in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding in market-based economics. This requires strengthening economics education and providing support for quali...

STEM employment in the new economy: A labor market segmentation approach

Science.gov (United States)

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.

International Good Market Segmentation and Financial Market Structure

OpenAIRE

Basak, Suleyman; Croitoru, Benjamin

2003-01-01

While financial markets have recently become more complete and international capital flows well liberalized, markets for goods remain segmented. To investigate how more complete security markets may relieve the effects of this segmentation, we examine a series of two-country economies with internationally segmented good markets, distinguished by the available financial securities. We show that, under heterogeneity within countries, the financial structure matters: even with internationally co...

Spatial Planning in Estonia – From A Socialist to Inclusive Perspective

Directory of Open Access Journals (Sweden)

Mart HIOB

2016-02-01

Full Text Available Spatial planning in Eastern Europe has gone through major changes during the years after the Soviet occupation ended around 1990. New planning standards were eagerly accepted but the practice was often carried out in a socialist manner. This article gives an overview of planning law and practice in Estonia during the transition period. The example presented is a district in Tartu, the second largest city of 100,000 inhabitants. The article analyses different master planning documents covering the whole district and compares both their process of compilation and their content to former Soviet era plans. The conclusion is that the transition from socialist to inclusive planning in Estonia has taken at least two decades, and the process is still not fi nished. This shows that the legal framework alone is not suffi cient to transform planning practice – a new ideology has to be accepted by the specialist as well as the politicians and the general public.

Experiential Marketing: Growing Importance in Marketing

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Ebru Tümer Kabadayı

2014-03-01

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.

E-Commerce as an instrument of governing SMEs’ marketing strategy in an emerging economy

Directory of Open Access Journals (Sweden)

Lawrence Mpele Lekhanya

2016-11-01

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

Perestroika and Its Impact on the Soviet Labor Market.

Science.gov (United States)

Brand, Horst

1991-01-01

Discusses two books, "Restructuring the Soviet Economy: In Search of the Market" and "In Search of Flexibility: The New Soviet Labour Market," that assess the success of perestroika and the transition to a market-based economy. (JOW)

The "Celtic Tiger" and a Knowledge Economy

Science.gov (United States)

Crawley, Gerard M.; O'Sullivan, Eoin

2006-01-01

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…

Retail payments and the real economy

OpenAIRE

Hasan, Iftekhar; De Renzis, Tania; Schmiedel, Heiko

2013-01-01

This paper examines the fundamental relationship between retail payments and the real economy. Using data from across 27 European markets over the period 1995-2009, the results confirm that migration to efficient electronic retail payments stimulates the overall economy, consumption and trade. Among different payment instruments, this relationship is strongest for card payments, followed by credit transfers. Cheque payments are found to have a relatively low macroeconomic impact. Retail payme...

The economy of the soviet Tuva: achievements, challenges and lessons

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Alexander D. Begzi

2017-12-01

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

Nigeria’s Mono-Cultural Economy: Impact Assessment and Prospects

Directory of Open Access Journals (Sweden)

Victor Nwaoba ITUMO

2016-12-01

Full Text Available The article takes an insight into the nature of the oil based mono-cultural economy of Nigeria, providing an in-depth analysis of the situation. It clearly assesses the oil resource based economy, highlights the impacts- positive and negative on Nigeria’s economic development and why Nigeria urgently needs to diversify its economy away from oil resource dependence. If Nigeria will not change the oil dependency economy, there will be grave implications for its economic growth and development as it already negatively affects annual budgetary provisions and other fiscal responsibilities. As it is well known, Nigeria is one of the foremost countries in the global oil export, with disruptions in its supply affecting the international oil market in some ways, huge reliance on oil as a resource has seen one of the foremost economies in Africa challenged in her economic growth and development with oil price volatility and decline on the global market. The research made use of secondary data to assess the situation and also drew the conclusion that Nigeria needs to diversify her economy as reliance on a basic resource discourages growth.

Gold-Stock Market Relationship: Emerging Markets versus Developed Markets

Directory of Open Access Journals (Sweden)

Jalal Seifoddini

2017-09-01

Full Text Available We perform a comparative study on the gold-stock market relationship in U.S. stock market as a developed market and in Iran stock market as an emerging market. By considering appropriate variables for emerging markets and by providing a more proper methodology, we improve earlier studies. According to our findings, the relationship between stock market returns and gold price returns does not follow any specific regimes and that this relationship changes in short and long term returns. It is necessary to mention that in the present research, we did not consider this relationship in major structural changes in the economies and instead considered usual economic circumstances that investors are regularly faced with in their investment decisions.

Emerging new services for the gas and electricity economy

International Nuclear Information System (INIS)

Matas, Ch.

2002-01-01

This article reports on a postgraduate study at the Swiss Institute of Technology (EPFL) in Lausanne, Switzerland, addressing the prospects for new energy technologies and their development, according to bankers, industry managers and international organisations. The study merges macro-economic, financial and technological views and focusses especially on electricity and natural gas including cogeneration and decentralised, small and middle-size energy production units. The world energy market is changing pace, moving from various monopolies to a dynamic system, with growing decentralisation and networking. The study reveals that constraints are changing due to the economy globalization as well as to the growing internet-based economy, and that new prospects for the development of promising energy technologies are emerging. The demand for more specific energy products like for example uninterruptible power supplies will stimulate new sectors in the energy economy. Growing environmental concern will also be an important factor for the energy market remodelling. For the gas and electricity markets, a considerable rise in sales is expected

The new architecture of economies' typology within the globalization context

OpenAIRE

Popa, Catalin C.

2009-01-01

Over viewing the most recently evolutions throughout global economy, we can easily conceive that the collateral effects of economical globalization and market integration, represents the main issues debated in specialized professional or political circles. The first step toward regain the global markets functionality is to review as a sine-qua-non condition, the institutional and functional structure of financial system and global economy system as well. In such context, this paperwork is mea...

Dilemmas and challenges: Development of new private sector in tranisitonal economies: Example Republic of Serbia

OpenAIRE

Anđelić, Goran

2012-01-01

One of the main questions in modern market ambient is development of new private sector in transitional economies. Private sector represents initial starter for development of every economy in one hand, and in other hand with its development are created real conditions for significant increase in economy of the whole region. Subject of this paper is analyzing conditions and opportunities of market ambient in transitional economies with special focus on Republic of Serbia, through focus of rec...

"No place like home": Aging in post-reform Beijing.

Science.gov (United States)

Yu, Jie; Rosenberg, Mark W

2017-07-01

This study shows the Western theorization and interpretation of aging, place and health are not well suited to a non-western case. The current generation of older Chinese has experienced the transition from a planned economy to a socialist market economy. Urban changes have taken place in various ways. This study explains the spatio-temporal processes of older people with their changing places by conducting in-depth interviews with 47 older people living at home in Beijing. Their generational consciousness and old place identities are deeply rooted in pre-reform Collectivism and shaped by socialist ideologies of the past. The representation of the old identity among older people is circumscribed by their living situations and selectively manifested. In most cases, there are limited mechanisms formed to recreate positive place meanings and reintegrate older people and place. The processes reflect the growing social inequality and changing cultural values in a society in transition. Growing social inequality and changing cultural values have a great impact on older people's health and well-being. Copyright © 2017 Elsevier Ltd. All rights reserved.

War Remembered, Revolution Forgotten: Recasting the Sino-North Korean Alliance in China’s Post-Socialist Media State

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Zhao Ma

2017-03-01

Full Text Available From October 1950 to July 1953, the nascent Chinese state entered into a strategic alliance with North Korea; hundreds of thousands of Chinese soldiers shed blood on the Korean peninsula in defense of the socialist homeland and advancing Communist internationalism. But since the end of the Korean War, China has moved from revolutionary idealism and political radicalism in Mao’s era to the current post-socialist pragmatism and materialism. As the ideological winds shift, China’s contemporary propaganda apparatus must redefine the Korean War in order to reconcile the complexity of the war and wartime alliance with contemporary political concerns and popular views. By focusing on a documentary film, The Unforgettable Victory, produced by China’s leading state-run film studio in 2013, this article explores the ways in which the official media of the post-socialist era presents the past revolutionary war. The new film celebrates the splendid valor of Chinese soldiers, civilians’ heroic sacrifices, and the war’s nationalist legacy; however, it purposefully forgets the revolutionary fervor and internationalist sentiments that once forged the Sino–North Korean alliance and empowered wartime mobilization. This article examines the process of remembering and forgetting, and reveals government propaganda’s latest efforts to demobilize contemporary viewers while infusing the past revolutionary war with ideological clarity and political certainty in post-socialist China.

Social Media Marketing vs. Prevalent Marketing Practices Master Thesis : A Study of Marketing Approaches for Micro firms in Sweden

OpenAIRE

Tariq, Muhammad; ghaffar, Abdul

2010-01-01

Background In Sweden almost 90% of businesses are micro in nature which plays a pivotal role in the economy by generating employment opportunities as well as serving a source of instilling entrepreneurial spirit and innovation. Due to their invaluable contributions to the economy, their survival through revenue generating marketing practices has become an area of much more interest than ever realized before. A common misconception prevalent is that marketing in micro businesses is just a mini...

THE IMPORTANCE OF CAPITAL MARKET IN ECONOMY

Directory of Open Access Journals (Sweden)

Alin Marius Andrieş

2009-12-01

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.

Bulgarian wedding music between folk and chalg: Politics, markets and current directions

Directory of Open Access Journals (Sweden)

Silverman Kerol

2007-01-01

Full Text Available This article investigates the performative relationship among folklore, the market, and the state through an analysis of the politics of Bulgarian wedding music. In the socialist period wedding music was condemned by the state and excluded from the category folk but was adored by thousands of fans as a counter-cultural manifestation. In the post-socialist period wedding music achieved recognition in the West but declined in popularity in Bulgarian as fusion music's, such as chalga (folk/pop, arose and as musicians faced challenges vis-à-vis capitalism. As the state withdrew and became weaker private companies with profit-making agendas arose. Although it inspired chalga, wedding music began to be seen in contrast to it, as folk music. Recently, fatigue with chalga and nationalistic ideologies are revitalizing wedding music.

The challenge of market power under globalization

OpenAIRE

David Arie Mayer-Foulkes

2014-01-01

The legacy of Adam Smith leads to a false confidence on the optimality of laissez faire policies for the global market economy. Instead, the polarized character of current globalization deeply affects both developed and underdeveloped economies. Current globalization is characterized by factor exchange between economies of persistently unequal development. This implies the existence of persistent extraordinary market power in transnational corporations, reflected in their disproportionate par...

Half-Forgotten Personalities of Economic Thought – O. R. Lange

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Pavel Sirůček

2017-03-01

Full Text Available O. R. Lange, a Polish economist, statistician, econometrician, sociologist, politician and diplomat was classified as a reformist Marxist. He became famous for studies on planning and socialist economies. Lange demonstrates and proves the possibility of the existence of an effective socialist system. He also analyzed capitalist economy, e.g., the issue of cyclical fluctuations and unemployment.

Evolutionary pattern, operation mechanism and policy orientation of low carbon economy development

Directory of Open Access Journals (Sweden)

X. Dou

2016-10-01

Full Text Available The essence of low carbon economy development is a continuous evolution and innovation process of socio-economic system from traditional high carbon economy to new sustainable green low carbon economy to achieve a sustainable dynamic balance and benign interactive development of various elements between society, economy and natural ecosystem. At the current stage, China’s socio-economy is showing the feature of "three high" (high energy consumption, high emissions and high pollution. In this case, quickly to promote the development of green low carbon economy is necessary and urgent. This research indicates that, low carbon economy development is achieved by micro-economic agents such as households, businesses and social intermediary organizations through Government’s guidance and the role of market mechanism. In low carbon economy development, the state (government is a leader and markets are core, while economic agents (e.g., households, businesses and social intermediary organizations are basis. For this reason, it is necessary to build an effective cleaner development and incentive-compatible policy system oriented to end-users.

THE GENERATING AND COMPLEMENTARY EFFECTS OF THE UNDERGROUND ECONOMY PHENOMENON

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Corneliu Sorin BAICU

2016-12-01

Full Text Available For a comprehensive understanding of the informal sector, an analysis addressing the relationships and links between the morphology and etiology of the underground economy, on the one hand, and its effects on the economic, social or legal, on the other hand is required. The double identity, that of cause phenomenon and effect phenomenon, that the underground economy has, gives it a special status in explaining certain phenomena which vitiates the economic and social life. The generating and complementary effects of the underground area covered in this study are analyzed in terms of the following vectors of analysis: tax evasion, illegal work and money laundering. Tax evasion represents the central core of the underground economy and faithfully expresses the fiscal monetary policies ,the fiscal mortality and the degree of compliance of the taxpayer. Undeclared work is an indicator of the labor market in the informal economy and is a good barometer for analyzing the demand and supply of labor in the visible economy. Money laundering defines the level of economic and financial crime and reflects the level of illegal use of capital on the black market. Tax evasion, money laundering and illegal work can only develop on a framework provided by illicit markets for goods, services and labor. Beyond the, unidirectional or bidirectional relationships between phenomena, the paper consists in a plea for an interdependent, multi-causal analysis of the phenomena and operating mechanisms of the relationships within and outside the underground economy.

Are women still holding up half of heaven in Vietnam? The gender wage gap

OpenAIRE

Amy Y.C. Liu

2001-01-01

The coexistence of the government sector, state-owned enterprises (SOEs), and private sector provides a natural setting to examine the impact of economic reform in Vietnam on gender earning differentials. The three sectors reflect different degrees of influence of the Socialist ideology, with the private sector most liberalised. Have women fared better during the transition into a market economy? One might expect, a priori, female workers in the private sector may be more likely to be discrim...

Introduction. Socialist Culture and Modernity

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Joes Segal

2014-11-01

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.

Informational economy: specific features and challenges of monopolization

OpenAIRE

Kotsofana, T.

2013-01-01

The article discusses the features of the informational economy, as well as some issues with which this economy is facing today. In particular, contemporary forms of monopoly, its causes and consequences, changing trends towards monopolization and monopolization of markets due to the high degree of automation and information of the socio-economic life were analyzed.

Research on market power and market structure: A direct measure of market power of internet platform enterprises

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Baowen Sun

2017-09-01

Full Text Available Purpose – This paper aims to clear whether the monopoly structure of the internet industry has produced market power and discussed the welfare change of the internet industry monopoly. Design/methodology/approach – By using new empirical industrial organization methods and taking the e-commerce market as an example, the authors measured market power and economies of scale of the internet platform companies. Findings – Internet platform enterprises have formed scale economy, but it has not had market power, and the industry still maintains high levels of competition; also, the emergence of large enterprises may increase the welfare of consumers. Originality/value – The conclusion of this paper clarified actual competition status of internet industry and provided a new foothold for regulation and ideas for the traditional industry to crack the Marshall Conflict.

Narrating health and scarcity: Guyanese healthcare workers, development reformers, and sacrifice as solution from socialist to neoliberal governance.

Science.gov (United States)

Walker, Alexis

2017-08-01

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.

The Stock Market Fluctuations and Consumer Behaviour in Nigeria ...

African Journals Online (AJOL)

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 ...

Collaborative Economy: Market Design and Basic Regulatory Principles

OpenAIRE

Petropoulos, Georgios

2017-01-01

The rise of the collaborative economy platforms reveals that policymakers need to start thinking about how to introduce flexibility in the provision of services in these formal relationships with adequate protection for all of the involved parties.

Development and growth of science-intensive production of lube oil additives in the transition to a market economy

International Nuclear Information System (INIS)

Zhurba, A.S.; Burlaka, G.G.; Pravikov, A.A.

1992-01-01

In the Soviet petroleum refining and petrochemical industry, preference with respect to science-intensive development should be given to lube oil additives as production objects which are characterized by high cost of scientific developments and which are major factors influencing scientific and technical progress in many branches of the economy. The role of additives is becoming much more significant because of dwindling resources of crude oils with high potential contents of lube fractions (18-20%); other factors are the phasing out of ecologically harmful technologies, unsatisfactory utilization of used oils, and so on. Under these conditions, the use of additives is essentially the only method for increasing the efficiency of lube oil production and improving the product quality, which, together with improved design and materials for the lubricating components and an improvement of the professional and cultural level of their operation, will logically bring forth a marked curtailment of lubricant consumption. Outside the USSR, additive production, thanks to its conversion into a rapidly progressing subbranch of the petroleum refining industry, has become the object of capital investment. Under conditions of a market economy, additive manufacture is characterized by a high level of specialization and concentration, various forms of cooperation, profitability, and competitiveness. Because of the existence of a branch network of retail and wholesale trade, production of lube oils and additives can be adjusted rapidly to meet the requirements of the domestic and world market

Entry and Growth Strategies for Emerging Economies

DEFF Research Database (Denmark)

Meyer, Klaus E.; Tran, Yen Thi Thu

2004-01-01

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...... operation. We illustrate our proposed strategies by analysing how one multination enterprise - Carlsberg Breweries - has developed its operations in three very different emerging economies: Poland, Lithuania and Vietnam....

Trading scheme 'key' to low-carbon economy

International Nuclear Information System (INIS)

2006-01-01

Federal Opposition Leader Kim Beazley has emphasised the importance of getting the economics of environmental policy right by introducing market-based mechanisms for pricing emissions. 'Market-based mechanisms such as emissions trading are central to moving to a low-carbon economy,' he said in his latest blueprint. 'A functioning carbon market will deliver a price signal, so there is a long-term incentive to cut emissions further, and a mechanism for trading, so that energy can be allocated efficiently in the economy. It will also encourage greater private investment in clean energy technology.' Mr Beazley said the new market would also reward the many companies who were already adapting to a carbon-constrained world. 'This includes those global companies in Australia that already operate in emissions trading markets overseas. An effective price signal for carbon in Australia will allow these companies to benefit directly from their good corporate citizenship and long-term vision.' Mr Beazley has committed a federal Labor government to work with state governments and business to establish the national trading scheme. He also criticised the Federal Government for refusing to ratify the Kyoto Protocol, which he argued excluded Australian businesses from participating in the emerging global carbon trade. This made it harder for businesses to break into the market for cleaner production technologies overseas. While again admitting Kyoto was not perfect, Mr Beazley said ratification would see Australia part of what would potentially be 'the biggest market in the world by 2020'. He said the recent Asia Pacific Climate Change Pact was a positive step but was not an alternative to Kyoto. 'Above all, it has no economic mechanisms to drive further change. 'Without ratifying Kyoto some of our businesses are missing out on effective participation in international schemes that offer substantial financial rewards for greenhouse gas reductions. 'By ratifying Kyoto and adopting

A Stay-Rich View of the New Global Economy

Science.gov (United States)

Trusteeship, 2011

2011-01-01

Major demographic changes around the world. Disproportionate sovereign debt. A shift from North America, Western Europe, and Japan to emerging economies as centers of growth. Unprecedented levels of market risk and volatility. The structure of the global economy is undergoing significant changes. Michael Oyster, managing principal of Fund…

E-COMMERCE DEVELOPMENT IN THE STRUCTURE OF THE INFORMATION ECONOMY OF UKRAINE

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O. Melnychuk

2014-09-01

Full Text Available The paper examines theoretical and practical aspects of emerging information economy in Ukraine. The study elucidates the essence of concepts of "information society", "information economy", "information and communication technologies", "e-commerce". Main trends are highlighted in establishment of the e-commerce market in Ukraine. A package of measures is suggested to improve the situation and processes in the market of electronic commerce.

“It was the least painful to go into Greenhouse Production”: The Moral Appreciation of Social Security in Post-Socialist Serbia

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Andre Thiemann

2014-11-01

Full Text Available This paper deals with the agricultural production of social security. By representing a rural case study from Central Serbia, it contributes to the economic history of post-socialist former Yugoslavia and explores the conditions of the possibility for social alternatives to neo-capitalism. In the case study, a male actor - embedded within family and wider social networks - successfully accommodates the adverse macroeconomic conditions through hard work, micromanagement of limited resources, and the production of social relations. He also combines new micro-spatial fixings - productive facilities - with revaluing morally depreciated older ones. In sum, this case study shows how networks of actors can invest their energy into reversing the moral depreciation of labor and capital under conditions of capitalist competition and growing inequality. These practices point to an emancipation from the inegalitarian moral economy of capitalism, a process I conceptualize as “moral appreciation”. As its goal emerges the production of a relatively egalitarian society within the lived space of the urban-village continuum.

A resource-based view of internationalization in emerging economies

NARCIS (Netherlands)

Hein Roelfsema; Martijn A. Boermans

2012-01-01

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

Phenomenon of becoming of Dnepropetrovsk as a «socialistic city» in 1920-1930: conceptual measuring and real practice

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V. V. Ivanenko

2017-07-01

Full Text Available This is a study of theory, method and concept of «socialist-type city» as a unique phenomenon of Stalin’s epoch history and culture, as well as the theory of city planning legislation in the works of 1920­1930s’ scholars alongside with the polemics about restoring existing cities or building the new ‘Soviet’ kind due to «socialist pattern» is also viewed. This practical research of ‘Socialist construction’ concept at the example of Dnepropetrovsk, where massive socio­economic, urban and cultural programs were being implemented on the background of force industrialization also deals with developing inner city layout, transforming it’s architecture and space, it’s qualities and numeric values as to population and infrastructure developments are grasped, the influence on Dnepropetrovsk public minds by ideology propaganda is observed.

Swiss economy and the future energy policy

International Nuclear Information System (INIS)

Leuenberger, A.F.

1997-01-01

Lecture of the president of the Swiss Trade and Industry Association at their premises on the occasion of the Annual General meeting of the SVA. The lecture dealt with the subject of economic growth and the difficulties faced by this growth in Switzerland. He formulated energy-political theories in respect of provision security, market economy, free choice between suppliers, economy-friendly energy laws, keeping the nuclear energy option open

Determinants of Marketing Performance: Innovation, Market Capabilities and Marketing Performance

OpenAIRE

Naili Farida

2016-01-01

This research aim to analyze causality influence between innovations, market capability, social modal, entrepreneurs oriented into marketing performance. Organizational innovations is a basic focus on Total  Quality Management. Innovation has a role to technological development and competitive economy environment. The sample technique used is Purpusive sampling amount 58 respondent owner of Batik Small Medium Enterprise known as UKM.  Small businesses have small medium or medium can grow and ...

Political pressures and exchange rate stability in emerging market economies

OpenAIRE

Ester Faia; Massimo Giuliodori; Michele Ruta

2008-01-01

This paper presents a political economy model of exchange rate policy. The theory is based on a common agency approach with rational expectations. Financial and exporter lobbies exert political pressures to influence the government’s choice of exchange rate policy, before shocks to the economy are realized. The model shows that political pressures affect exchange rate policy and create an over-commitment to exchange rate stability. This helps to rationalize the empirical evidence on fear of l...

Participatory measurements of sustainable urban development and quality of life in post-socialist Zadar, Croatia

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Cavrić Branko

2008-01-01

Full Text Available Over the last two decades, there has been an intensive discourse and research about measuring sustainable urban development. Many cities, regions and countries have decided to introduce indicators for monitoring and measuring the progress towards sustainability. Today there is a wide spread perception that information on the environment in general, and urban environment in particular, is the determinant of effective rational decisions and allocation of resources. Such information would enable planners and decision makers to formulate redistributive policies and programmes to address some of the disparities that exist in a post-socialist city. Cities of the post-socialist world characterized by sharp disparities, socio-economic contrasts and environmental degradation provide an excellent laboratory for tracing information on the quality of urban life. The current situation in the emerging Croatian coastal city of Zadar reflects the diversity of the post-socialist urban change in a very fragile Mediterranean landscape. This paper takes a critical look at sustainable development and its measurements. It describes the participatory approach through which different local communities in Zadar were evaluating quality of life based on basic pillars of sustainable development. The identification and collection of their opinions provide valuable data base and community input into urban governance and development planning decision making.

Academic Capitalism and the New Economy: Markets, State, and Higher Education

Science.gov (United States)

Slaughter, Sheila; Rhoades, Gary

2009-01-01

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…

State of the Art in Economics Education and Research in Transition Economies

OpenAIRE

Boris Pleskovic; Anders Åslund; William Bader; Robert Campbell

2000-01-01

The development of the institutional capacity to create and evaluate economic policies remains a critical need—and constraint—in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding in market-based economics. This requires strengthening economics education and providing support for quali...

THE NEW ECONOMY AND THE ECONOMY OF TOURISM

Directory of Open Access Journals (Sweden)

MIRELA MAZILU

2011-01-01

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.

Innovative economy: preconditions and factors of formation and development

Directory of Open Access Journals (Sweden)

Alexandru GRIBINCEA

2017-03-01

Full Text Available Dynamic economic growth can be considered an important factor in the country’s competitiveness in the market system. In the process of improvement of the market economy model, priority should be given to development of production on a new technical basis, innovation activity to translate scientific and technological research results into production, creation of new technological processes and restructuring in on the modern scientific and technological basis of all branches concerning material production and the service sector. The purpose of the study is to identify the assumptions and factors regarding the formation and development of innovative economy.

Trade regimes, investment promotion and export prospects in the Western Balkans

OpenAIRE

Mulaj, Isa

2009-01-01

Once regarded as a more prosperous part of socialist world, the region that was within the Yugoslav common market now excludes Slovenia and includes Albania to be renamed as the Western Balkans. After a decade of social unrest and civil wars of mainly ethnic character, it has yet to come up in terms of economic development that is behind some advanced transition economies, namely those in Visegrad countries. With the admission of Bulgaria and Romania in the European Union (EU) since 2007, the...

Comparative Political Economy and International Migration

NARCIS (Netherlands)

Afonso, A.; Devitt, C.

2016-01-01

This article provides an overview of the literature connecting comparative political economy and international migration in advanced industrialized countries with a focus on the relationship between labour migration, labour markets and welfare institutions. Immigration flows and policies are

Knowledge Creation in International Joint Ventures in Emerging Economies

DEFF Research Database (Denmark)

Nielsen, Ulrik B.

Entering and developing presence in emerging economies often require foreign firms to set up International Joint Ventures (IJVs) with local partners, especially when the prime motive of the operation is to capture opportunities in the local markets (Mohr & Puck, 2005). IJVs have therefore become...... an important way for firms to enter these markets and a significant force in shaping a firm’s global strategy in expanding international activities abroad. However, research has shown that IJVs in emerging economies are unstable, and firms have experienced that performance of their IJVs in these emerging...... economies often does not meet their expectations (Fang & Zou, 2010). Extant research has shown that, in general, management of IJVs appears to be a difficult issue. 60-70% of all partnerships are not successful (Lambe, Spekman, & Hunt, 2002). Inter-partner learning has been proposed in the literature...

Establishing a framework for studying the emerging cislunar economy

Science.gov (United States)

Entrena Utrilla, Carlos Manuel

2017-12-01

Recent developments from the New Space industry have seen the appearance of a number of new companies interested in the creation of a self-sustained economy in cislunar space. Industries such as asteroid mining, Moon mining, and on-orbit manufacturing require the existence of a developed economy in space for the business cases to close in the long term, without the need to have the government as a permanent anchor customer. However, most studies and business plans do not consider the global picture of the cislunar economy, and only work with Earth-based activities when evaluating possible customers and competition. This work aims to set the framework for the study of the cislunar economy as a whole by identifying the market verticals that will form the basis of the economic activities in cislunar space, focusing on activities that create value in space for space. The prospective cislunar market verticals are identified based on a comprehensive review of current space activities and of proposed future business cases. This framework can be expanded in the future with evaluations of market sizes and relationships between verticals to inform business plans and investment decisions. The study was performed during the first two months in the summer of 2016 as part of the author's internship at NASA's Space Portal Office to complete the International Space University Master of Space Studies.

The moral economy of ready-made food.

Science.gov (United States)

Wheeler, Kathryn

2017-11-22

The aim of this paper is to develop and apply a framework to explore how moralities of consumption are constituted in and through markets. Using the case of ready-made foods, this paper argues moral economies are comprised through interactions between micro-, meso- and macro-level processes in the form of instituted systems of provision, state regulation, collective food customs promoted though media, NGOs and lifestyle practitioners, and the everyday reflections of consumers. Building on a theoretical framework developed to understand the moral economy of work and employment (Bolton and Laaser 2013), this paper explores how markets for ready-made food are incessantly negotiated in the context of moral ideas about cooking, femininity and individual responsibility. It focuses on 'new' market innovations of fresh ready-to-cook meal solutions and explores how these products are both a response to moralizing discourses about cooking 'properly', as well as an intervention into the market that offers opportunities for new moral identities to be performed. Using data gathered from interviews with food manufacturers and consumers, I advocate for a multi-layered perspective that captures the dynamic interplay between consumers, markets and moralities of consumption. © London School of Economics and Political Science 2017.

Neoliberalism, Urbanism and the Education Economy: Producing Hyderabad as a "Global City"

Science.gov (United States)

Kamat, Sangeeta

2011-01-01

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…

Impact Assessment of Citizen Fairs in the Process of Transition from the Popular Economy to a Solidarity Economy

OpenAIRE

Ángel Enrique Zapata-Barros; Mikel Ugando-Peñate

2017-01-01

The law of popular and solidarity economy in Ecuador was created to promote the transition of organizational forms of popular solidarity economy towards forms of organization. This law made possible the development of projects aimed at strengthening solidarity economic practices. One of these projects are the citizens fairs, promoted since 2008 by the state (government ministry). The fairs are an associative marketing strategy is an alternative to price speculation and a viable path to the or...

Evaluating Energy Efficiency Policies with Energy-Economy Models

Energy Technology Data Exchange (ETDEWEB)

Mundaca, Luis; Neij, Lena; Worrell, Ernst; McNeil, Michael A.

2010-08-01

The growing complexities of energy systems, environmental problems and technology markets are driving and testing most energy-economy models to their limits. To further advance bottom-up models from a multidisciplinary energy efficiency policy evaluation perspective, we review and critically analyse bottom-up energy-economy models and corresponding evaluation studies on energy efficiency policies to induce technological change. We use the household sector as a case study. Our analysis focuses on decision frameworks for technology choice, type of evaluation being carried out, treatment of market and behavioural failures, evaluated policy instruments, and key determinants used to mimic policy instruments. Although the review confirms criticism related to energy-economy models (e.g. unrealistic representation of decision-making by consumers when choosing technologies), they provide valuable guidance for policy evaluation related to energy efficiency. Different areas to further advance models remain open, particularly related to modelling issues, techno-economic and environmental aspects, behavioural determinants, and policy considerations.

Integrated marketing communications at solar energy equipment market

OpenAIRE

I.L. Litovchenko; I.A. Shkurupskaya

2013-01-01

The aim of the article. The article is devoted to the development of the concept of «integrated marketing communications», as well as its adaptation to a specific market of solar energy equipment. The theoretical development of foreign and domestic scholars in the field of IMC is considered. The aim of the article is to define the concept of «integrated marketing communications» and use them in the market of solar еnergy equipment in an information economy. The author's definition of the c...

Post-Soviet Transitions of the Planned Socialist Towns: Visaginas, Lithuania

Directory of Open Access Journals (Sweden)

Rasa Baločkaitė

2010-11-01

Full Text Available Visaginas, formerly Sniečkus, (Lithuania was built as a planned socialist town and a satellite settlement to the Ignalina Nuclear Power Plant. Both the plant and the town were established in order to integrate Lithuania into the All-Union economic structures via the energy supply system,. The specific characteristics of the town were a particular mono industry, high living standards, ethnic composition (mostly Russian speaking migrants, Lithuanians as minority, absence of any history prior to 1973 and strong pro-Soviet attitudes. For years, it was a success story and the vanguard site of the socialism. After the declaration of Lithuanian Independency in 1990, the town became the site of tensions and uncertainties. The aim of this research study is to illuminate how post-Soviet transition has been experienced by this particular type of community shaped by socialism. Community experiences are retrospectively reconstructed via content analysis of the local media. The particular characteristics of the town (ethnic composition, employment structure, etc. made the process of transition extremely complicated. While other planned socialist towns established new identities and new trajectories of development, in the case of Visaginas, not the future, but the past played a crucial role in shaping the town’s identity.

Institutional Competitiveness in the Global Economy

DEFF Research Database (Denmark)

Campbell, John L.; Pedersen, Ove K.

that are very different institutionally. The analysis shows that there is no one best way to achieve success in today's global economy, except perhaps for reducing socioeconomic inequality; that the type of capitalism known as coordinated market economies are oversimplified in the literature; and that high...... national competitiveness under conditions of economic globalization. Following the varieties of capitalism literature, this paper argues that Denmark's success has been based in large part on its institutional competitiveness-its capacity to achieve socioeconomic success as a result of the competitive...

Wage-productivity gap in OECD economies

OpenAIRE

Elgin, Ceyhun; Kuzubas, Tolga Umut

2013-01-01

The Walrasian theory of labor market equilibrium predicts that in the absence of any market frictions, workers earn a wage rate equal to their marginal productivity. However, this observation is not supported empirically for various economies. Based on the neoclassical tradition, the ratio of the marginal product of labor to real wages is generally defined as the Pigouvian exploitation rate. In this paper, the authors calculate this specific wage-productivity gap for the manufacturing sector ...

How market environment may constrain global franchising in emerging markets

OpenAIRE

Baena Graciá, Verónica

2011-01-01

Although emerging markets are some of the fastest growing economies in the world and represent countries that are experiencing a substantial economic transformation, little is known about the factors influencing country selection for expansion in those markets. In an attempt to enhance the knowledge that managers and scholars have on franchising expansion, the present study examines how market conditions may constrain international diffusion of franchising in emerging markets. They are: i) ge...

Facilitating Innovations in Higher Education in Transition Economies

Science.gov (United States)

Saginova, Olga; Belyansky, Vladimir

2008-01-01

Purpose: The purpose of this paper is to analyse innovations in education from the point of view of product content and markets selected. Emerging market economies face a number of problems many of which are closely linked to and dependent upon the effectiveness of higher professional education. External environment changes, such as the formation…

Individual Consequences of Internal Marketing

Directory of Open Access Journals (Sweden)

Naghi Remus Ionut

2015-07-01

Full Text Available Since the emergence of the concept of internal marketing in the literature there have been almost 40 years. This period was marked by a constant increase of the concerns in the internal marketing area, these efforts being evidenced by the publication of a consistent number of articles (conceptual and empirical which analyze this subject. Considering the previous empirical studies, most of them have focused on studying the relationship between internal marketing and employee satisfaction and / or organizational commitment. However, the relationship between internal marketing and its consequences has been less analyzed in the context of emergent economies. In this paper we aimed to analyze the individual consequences of the internal marketing in the Romanian economy context, focusing our attention on three constructs: employee satisfaction, organizational commitment and organizational citizenship behavior. The research was conducted on a sample of 83 medium and large companies in various sectors of the Romanian economy. In order to proceed with the statistical data analyses we followed these steps: verifying the scales reliability, determining factor loadings and research hypotheses testing. Our research results are consistent with results of previous studies showing that the adoption of internal marketing practice has a positive effect on employee satisfaction, organizational commitment and organizational citizenship behavior

EVOLUTION OF ECONOMY AND ITS IMPACT ON INSURANCE MARKET – A STATISTICAL ANALYSIS

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Sandra TEODORESCU

2015-07-01

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.

Sustainable Economic Growth: a Perspective for Macedonia

Directory of Open Access Journals (Sweden)

Sevil Rexhepi

2013-09-01

Full Text Available Retrospective analysis shows that since 1990’s, ex-socialist economies were in transition. This process was multidimensional and had deep roots. In most transition economies, output (GDP is determined by the availability of labour, capital and their productivity (TFP. Hence, these indicators are not generating the business cycles, which is typical for market economies in the long-term. At this point, it is vital to understand the reasons of low-level of capital accumulation in transition economies in order to find opportunities to make better use of physical, human and social capital. Furthermore, it is observed that in these economies, institutions needed to be re-established or the rules of the game needed to be changed to regulate incentive structures that will lead to growth. The main objective of this research is to identify the peculiarity of economic growth in Macedonia and to examine if achieving smart growth in long-term is possible; which is supported by fundamental notions of sustainable development.

Win Market by Brand

Institute of Scientific and Technical Information of China (English)

FENG Zhende

2002-01-01

Brand is symbol of product quality and strength of enterprise. As a typical culture in market economy, it has great influences in everyday life. Famous brands attract purchasing, which prospers enterprise. After China' s entry to WTO, Chinese economy has turned into a new page.As the world manufacturing base, China is to win international market with its own brands. Chunsheng Refractory Ltd., which specialized in quality silica bricks, has grown in size and strength. And our experiences proved how important the brand is for an enterprise.

Relationship between the electric power supplier and customer during Romania's transition from an over-centralized to a market economy system

International Nuclear Information System (INIS)

Conecini, I.; Lung, I.

1996-01-01

A series of undertakings of RENEL is introduced which aim to improve the mutual relations between supplier and customer and to settle these relations on a partnership basis incurring responsibilities for both parties. Among these undertakings, one aims to improve the metering and billing system, with subsequent effects upon both electric power customer and supplier. The new relations, settled on a contract basis and made proper to the market economy make it necessary to control the electric power quality as well as the quality of the whole supply service to every customer. Within the electric power supply department, a privileged activity is the improvement of the systems for meter reading, billing and financial receipts. The document describes also the results obtained by RENEL following a market study. (author)

International entrepreneurship research in emerging economies : A critical review and research agenda

NARCIS (Netherlands)

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

The new capitalists: a structural change from the stock market economy to the free market economy

Science.gov (United States)

Khoshyaran, M.

2004-12-01

In this paper an alternative mechanism to the stock market is proposed. Two elements are taken away: (1) middlemen, and (2) shareholder lack of involvement. Structural elements are identified. Equilibrium-stability conditions are defined. A measures of effectiveness is suggested.

Empowerment in a Socialist Egalitarian Agenda: Minority Women in China's Higher Education System

Science.gov (United States)

Zhao, Zhenzhou

2011-01-01

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…

Industrial Foundations in the Danish Economy

DEFF Research Database (Denmark)

Thomsen, Steen

Industrial Foundations (foundations that own business companies) are found around the world e.g in Northern Europe, Germany, the US and India, but nowhere do they appear to be as economically important as in Denmark. In this paper we review their share of the Danish economy. We find that foundation......-owned companies account for 5-10% of the Danish economy depending on measurement. However, they constitute the bulk of Danish stock market capitalization and R&D expenditure, and they also contribute disproportionally to international business activity. Finally the industrial foundations make charitable donations...

Corporate Relationship Marketing in Developing Economies ...

African Journals Online (AJOL)

User

2011-04-19

Apr 19, 2011 ... relationship marketing (CRM) as multi-auspicious and efficacious new sensation to drive Nigerian .... Paradoxically, the traditional approach to satisfying customers widely regarded as ... experience was under investigation.

Database marketing practices and opportunities in a newly emerging African market

NARCIS (Netherlands)

Paas, L.J.

2009-01-01

In this paper, qualitative research is conducted to gain insight into the current application and potential of database marketing in a newly emerging African economy, Tanzania. It is found that database marketing applications in Tanzania are currently limited, but that there is potential. The most

Monetary circuit and economy financing: a theoretical analysis.

OpenAIRE

Cavalieri, Duccio

1999-01-01

This is a theoretical analysis of the role of money and other less liquid financial assets in the financing of the private sector of a market economy. It is concerned, basically, with the functional relations between households, firms, banks and other financial institutions, and with those between certain financial instruments (money, deposits, credits and bonds). Attention is focused on the determinants of the money, credit and financial structure of the economy.

CONSUMPTION-BASED ECONOMY. THE CASE OF ROMANIA IN THE LAST TWO DECADES

Directory of Open Access Journals (Sweden)

Mihai COSTEA

2016-09-01

Full Text Available Romania has entered an era of consumption and its stimulation remains one of the solutions always initiated to support the national economy, especially given that exports are declining due to euro-market problems - the main market for Romanian products.In this context, this paper aims to make a foray in time, starting with the issue of de-industrialization of Romania and subsequently with the transformation of Romanian economy into a tertiary one, accompanied by the simultaneous development of the economy based on consumption. In other words, the role of this paper is to present (using statistical data, the causes of de-industrialization of Romania, elements on the evolution of the tertiary industry, and some features and pitfalls of consumer-based economy. Also, the content of this article does not hesitate to emphasize the author's personal views about the studied phenomenon.

Tax Planning for Enterprises

Institute of Scientific and Technical Information of China (English)

Fan Weiqing

2011-01-01

@@ Tax planning is legal planning activities for tax savings, meaning tax payers make operation plans within the national policy framework and choose operation programs favorable to tax savings.Along with a maturing socialist market economy system in China, tax planning is becoming an integral part of enterprise management and operation.For a better tax planning, enterprises have to fully understand the meaning, get proficient at relevant strategies, and apply these methods to save taxes and realize the maximization of enterprise value while considering the actual situation.

Interregional migration in socialist countries: the case of China.

Science.gov (United States)

Wei, Y

1997-03-01

"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

Health professionals' migration in emerging market economies: patterns, causes and possible solutions.

Science.gov (United States)

Nair, Manisha; Webster, Premila

2013-03-01

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.

Market Power in Laboratory Emission Permit Markets

International Nuclear Information System (INIS)

Godby, R.

2002-01-01

Many proposals suggesting the use of markets to control pollution assume markets will be competitive. When markets do not exhibit competitive characteristics, however, should they still be expected to result in efficiency improvement relative to traditional approaches? This paper employs experimental economic methods to examine the effect of market structure on the use of marketable emissions permits. Results indicate that in a market with one dominant firm and a number of fringe firms, strategic manipulation occurs repeatedly in the laboratory as predicted by market power models, undermining the allocative and dynamic efficiency benefits such markets offer. When firms compete in a downstream product market dominated by the same single firm, market efficiency can actually be reduced with the implementation of permit markets. Final market efficiencies reflect initial endowments and are influenced by competitive conditions elsewhere in the economy, indicating that policy-makers should carefully consider whether markets are appropriate in such circumstances

China’s Political Reforms in the Early 21 Century

Directory of Open Access Journals (Sweden)

Nguyen Xuan Сuong

2015-01-01

Full Text Available Analyzing process of political reforms in the People's Republic of China, the author notes that within the first 20 years of reforms and openness of China economic growth wasn't followed by development of society, political reforms didn't keep up for economic, imperfection of political system constrained economic reforms and development. Owing to this fact the XVI congress of a CPC lifted policy to the level of "political culture" by analogy with "material culture" and "spiritual culture". In the first 20 anniversary of the XXI century with the purpose to finish "comprehensive creation of society "of small prosperity" China has to create "perfect system of socialist market economy", construct "harmonious socialist society". For achievement of these purposes political reforms in China have to provide "improvement of socialist democracy" and "the socialist constitutional state". In the first years of the XXI century they brought a number of significant achievements: political stability, peaceful alternation of generations of the power, essential increase of level of political democracy. The first stage of formation of the constitutional socialist state is passed, ability and level of the management from ruling party increased; party construction amplified. But also at the beginning of the second decade of the XXI century implementation of the legislation, democracy faces many calls, especially intensification of nationalism at the beginning of the century. The Chinese dream will mobilize grandiose powers of unity that China deepened reforms and openness, solved all the political problems, helped a CPC to increase the leading and imperious power. Implementation process of "The Chinese dream" also means aspiration to tops of economy, policy, military science, technologies in the world, to a taking them, reflecting process of formation of the new great power which will succeed the USA. Political reforms with the purpose to achieve "The Chinese dream

China’s Political Reforms in the Early 21st Century

Directory of Open Access Journals (Sweden)

Nguyen Xuan Сuong

2015-01-01

Full Text Available Analyzing process of political reforms in the People's Republic of China, the author notes that within the first 20 years of reforms and openness of China economic growth wasn't followed by development of society, political reforms didn't keep up for economic, imperfection of political system constrained economic reforms and development. Owing to this fact the XVI congress of a CPC lifted policy to the level of "political culture" by analogy with "material culture" and "spiritual culture". In the first 20 anniversary of the XXI century with the purpose to finish "comprehensive creation of society "of small prosperity" China has to create "perfect system of socialist market economy", construct "harmonious socialist society". For achievement of these purposes political reforms in China have to provide "improvement of socialist democracy" and "the socialist constitutional state". In the first years of the XXI century they brought a number of significant achievements: political stability, peaceful alternation of generations of the power, essential increase of level of political democracy. The first stage of formation of the constitutional socialist state is passed, ability and level of the management from ruling party increased; party construction amplified. But also at the beginning of the second decade of the XXI century implementation of the legislation, democracy faces many calls, especially intensification of nationalism at the beginning of the century. The Chinese dream will mobilize grandiose powers of unity that China deepened reforms and openness, solved all the political problems, helped a CPC to increase the leading and imperious power. Implementation process of "The Chinese dream" also means aspiration to tops of economy, policy, military science, technologies in the world, to a taking them, reflecting process of formation of the new great power which will succeed the USA. Political reforms with the purpose to achieve "The Chinese dream

Emerging Varieties of Capitalism in Transition Countries: Literature Review

Directory of Open Access Journals (Sweden)

Leszczyński Dariusz

2015-12-01

Full Text Available The systemic transformation of post-socialist countries from central planning to a market economy was a very complex and unprecedented undertaking. In this study we critically examine three influential classifications proposed by Coates [2000, 2006], Hall and Soskice [2001], and Amable [2003], within the “comparative capitalisms” literature stream, and argue that they are unsuitable for evaluating the progress made by transition economies since 1990. The basis of the criticism stems from timing: these theoretical frameworks were developed primarily to evaluate the growth of advanced and mature capitalist countries. Thus, they fail to capture the unique features of transition economies and the complexity of the transformation process that led to the emergence of different market-based systems. From this vantage point, we discusses and also critique a recent classification developed by Myant and Drahokoupil [2011, 2015], who distinguish five ideal models (i.e. “varieties of capitalism” that have evolved within transition countries. In our conclusion we point to areas within the field that may be explored by future research.

Emerging Economies and Firms in the Global Crisis

DEFF Research Database (Denmark)

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

Youth Unemployment and Labour Market Transitions in Hungary

Science.gov (United States)

Audas, Rick; Berde, Eva; Dolton, Peter

2005-01-01

Unemployment and labour market adjustment have featured prominently in the problems of transitional economies. However, the position of young people and their transitions from school to work in these new market economies has been virtually ignored. This paper examines a new large longitudinal data set relating to young people in Hungary over the…

Marketing and Globalization of the Brewing Industry

DEFF Research Database (Denmark)

Madsen, Erik Strøjer; Wu, Yanqing

2016-01-01

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 chapter tracks the development in industry concentrations from 2002 to 2012 and points to high transportation costs...... for beers and economies of scale at the firm level 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 at the firm level in marketing...... significant economies of scale benefits at the firm level to be shared between the merging partners as marketing and distribution costs are very high in this industry....

Poland: biomedical ethics in a socialist state.

Science.gov (United States)

Szawarski, Zbigniew

1987-06-01

In one of a Hastings Center Report series of four country reports, a professor of ethics discusses the Polish approach to ethical issues in health care. Szawarski begins by outlining five factors that influence the practice of medicine in Poland: a socialist form of government, the influence of the Roman Catholic Church, an ongoing economic crisis, the legacy of the Nazi death camps, and a lack of formal instruction in biomedical ethics. He then discusses three current ethical concerns of physicians, patients, and the public: regulation of physician conduct, abortion, and in vitro fertilization. There is little formal public debate of the issues, however, and physicians seem committed to upholding traditional medical codes of ethics without analyzing underlying moral principles and justifications.

MARKETING AND LOGISTICS INFRASTRUCTURE DEVELOPMENT OF THE TRANSPORT SERVICES MARKET

OpenAIRE

Kopytko, V. I.

2009-01-01

Taking into account the modern trends of world economy development, the opportunities of increasing the competitiveness of the Ukrainian transport system on the base of marketing-logistical providing the development of infrastructure of transport services market are presented. The analysis of marketing-logistical approaches of estimation of the efficiency of operation of transport infrastructure objects is performed. The condition of theoretical and practical aspects of the transport services...

SPECULATIVE EFFICIENCY OF STOCK INDEX FUTURES MARKETS:AN ANALYSIS ON THE ASEAN MARKETS

Directory of Open Access Journals (Sweden)

Normas Awang

2012-07-01

Full Text Available The capital markets in emerging economies are undergoing rapid transformationdue to the advancement of technologicalinnovations and globalization of themarketplace. Thus, the risk managementmeasures are extremely importantthroughout the financial system. However,the scarcity of derivative instrumentssuch as futures and options in emergingmarkets, in addition to the failure togenerate liquidity, have made the emerging economies to be left behind in therecent development of the world capital markets. Whilethere are a great numberof earlier studies that analyse the efficiency of futures markets in differentcountries, there is a lack ofresearch that take intoaccount of the speculativeefficiency of futures markets which argues that futures prices are an unbiased forecast of the spot pricesas well as a crucial part offorecasting techniques. Thispaper aims to investigate the speculativeefficiency of stock index futures marketsin the ASEAN markets which comprises ofSingapore, Malaysia and Thailand byemploying an econometric time series dataanalysis ranging from January 2000 toDecember 2010.

Online marketing

OpenAIRE

Zrůst, Daniel

2013-01-01

The aim of this thesis is to evaluate pay per click marketing as suitable marketing tool for promotion and distribution of a given product. The paper describes basic vocabulary related to PPC advertising, common metrics, tools used by online marketers, and logic of running PPC campaigns. The paper also tries to quantify impact of Internet on economies. The second part applies the theory to analysis of consumers' conversion path while searching online in common search engines where PPC marketi...

International Isotopes Markets

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Stanislaw Z. Zhiznin

2016-01-01

Full Text Available The paper studies world markets of stable and radioactive isotopes. Isotopes have found various applications in science, industry, agriculture and other sectors of the economy, but especially - in medicine. Nuclear medicine is developing intensively all over the world thanks to the success in the treatment of various diseases with the help of radioactive pharmaceuticals (radiopharmaceuticals. The article uses empirical data from a forecast study of the global radiopharmaceuticals market made in 2015 by a research company «Markets and Markets» for the European, North American and global markets. The paper also analyzes the statistical data on the global export and import of natural uranium, enriched and depleted uranium, plutonium, thorium and some stable isotopes of non-medical purposes, presented by a company «Trend economy» in 2014. Despite a unique industrial base for the production of isotopes created in the Soviet Union Russia occupies a modest position on the world market of nuclear medicine except for certain areas. More than 80% of isotopes, produced in USSR were consumed domestically, the export of the stable and radioactive isotopes was in equal proportions. Now the country's domestic radiopharmaceuticals market is poorly developed. To radically change the situation, it is necessary to carry out reforms that stimulate the development of nuclear medicine.

Business models of the collaborative economy

DEFF Research Database (Denmark)

Gyimóthy, Szilvia

2017-01-01

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....

Review and Outlook of China's Oil Market

Institute of Scientific and Technical Information of China (English)

Gong Jinshuang

2006-01-01

@@ Major features of China's oil market in 2005 China's oil market is changing under the influence of domestic economy and the international oil market, witnessing different characteristics from time to time.

Capacity Building in Economics : Education and Research in Transition Economies

OpenAIRE

Pleskovic, Boris; Aslund, Anders; Bader, William; Campbell, Robert

2002-01-01

The development of the institutional capacity to create and evaluate economic policies remains a critical need-and constraint-in most transition economies if they are to complete the successful passage to fully functioning market economies. To take an active role in the transition process, economic policymakers, business leaders, government officials, and others need a thorough grounding i...

Energy market and investment - political economy of supply security in the market of energy

International Nuclear Information System (INIS)

Leban, R.

2005-01-01

A market structure that appears to be adapted to achieving a supply security purpose in the sectors of oil power and gas, is an organisation where upstream energy markets include industrial players of adequate sizes involved downstream and where futures exchanges prevail at prices translating anticipations on 'basics' since spot markets are more of adjustment markets. Policy weighs hugely on those markets. The extra competition lately instilled in the electrical and gas markets in developed countries results in no decrease, as complicated exchange rules need to be thought up and the market power needs to be monitored. Political intervention is also carried out in the name of environmental policies, in a strong interaction with the operation of the said markets and therefore with a not insignificant risk of disruption. The oil market is a highly political one, since the key to exchanges, i.e. access to primary resources, is played between producing countries and huge oil and gas companies close to consuming countries. There is a strong temptation in the electrical sector, to add security policies in order to prevail over the market. Gas, which is oil upstream and electrical downstream, requires, in consuming countries, a delicate balance of policies to support operators as buyers and to control the same operators as players of the gas- gas competition. The prognosis on the market's ability to provide safe supply efficiently to citizens if security policies are implemented is rather good in areas where demand is moderately growing and networks are developed. It is however not as good in areas where there are high needs for production and transport investments, i.e. in countries that are developing now, and will be...in Europe soon. (author)

Changing the paradigm of management of innovative activity in the conditions of transformation of economy

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O. O. Lukina

2016-01-01

Full Text Available The article describes the approaches to the development of innovation management as a management type from the traditional management, represented by Taylor's, A. Fayolle, G. Hemelom and others. There was a connection transformation of the economy and changes in the management of enterprises, aimed at the competitiveness of the market. Under the terms of the transformation of the economy the author has in mind the following factors: the knowledge economy and the new economy, forecastng and strategic planning at the enterprise and the economy in general, mass marketing and the development of global markets, non-stop process of development of knowledge, forming goal of a competitive economy. Under the innovative activity of the author understands the system of creation, dissemination and use of new types of products, actively or market, providing competitive state of the enterprise. Abstract Innovational management stages: the classic theory justifying the application of new knowledge in organizations, transforming them into new products, management by objectives, technology development and cost reduction, human capital theory, management personnel training school. Emphasizes the principles of school education, such as the complexity and unpredictability of the environment, the impossibility of planning control, since it must be continuously updated study is necessary to all the staff, including managers as a potential strategy, learning involves retrospektive thinking, allows us to analyze the previous steps organization. Abstract forms of knowledge are needed in innovation in the transformation of the economy: group, individual, and others, be implied in the innovation process. In addition, a group distinguished knowledge in the innovation of the type of trainin g, according to the method of scientific activities, as well as sources of information.

A Natural Experiment in Monetary Policy Covering Three Episodes of Growth and Decline in the Economy and the Stock Market

OpenAIRE

Milton Friedman

2005-01-01

The third of three episodes in a major natural experiment in monetary policy that started more than 80 years ago is just now coming to an end. The experiment consists in observing the effect on the economy and the stock market of the monetary policies followed during and after three very similar periods of rapid economic growth in response to rapid technological change: the booms of the 1920s in the United States, the 1980s in Japan and the 1990s in the United States. In this experiment, the ...

The Biobased Economy. Biofuels, Materials and Chemicals in the Post-oil Era

International Nuclear Information System (INIS)

Langeveld, H.; Sanders, J.; Meeusen, M.

2010-01-01

The impending threats of catastrophic climate change and peak oil are driving our society towards increased use of biomass for energy, chemical compounds and other materials - the beginnings of a biobased economy. As alternative development models for the biobased economy emerge, we need to determine potential applications, their perspectives and possible impacts as well as policies that can steer technological and market development in such a way that our objectives are met. Currently, it is still far from clear what will be the most sustainable routes to follow, which technologies should be included, and how their development will affect, and be affected by, research, public opinion and policy and market forces. This groundbreaking work, edited by a group of leading researchers originally from Wageningen Agricultural University in the Netherlands, sets out to unpick the complex systems in play. It provides an illuminating framework for how policy and market players could and should drive the development of a biobased economy that is effective, sustainable, fair and cost efficient. Starting with a state-of-the-art overview of major biobased technologies, including biorefinery and technologies for the production of biofuels, biogas, biomass feedstocks for chemistry and bioplastics, it discusses how different actor groups interact through policy and markets. Information from case studies is used to demonstrate how the potential of the biobased economy in different parts of the world, such as North America, Europe, and emerging economies like China and Brazil can be realised using research, debate, policy and commercial development. The result is an essential resource for all those working in or concerned with biobased industries, their policy or research.

Emerging market business cycles: the cycle is the trend

OpenAIRE

Mark Aguiar; Gita Gopinath

2004-01-01

Business cycles in emerging markets are characterized by strongly counter-cyclical current accounts, consumption volatility that exceeds income volatility, and dramatic “sudden stops” in capital inflows. These features contrast with those of developed, small open economies and highlight the uniqueness of emerging markets. Nevertheless, we show that both qualitatively and quantitatively a standard dynamic stochastic, small open economy model can account for the behavior of both types of market...

Alternative Financial Policy Rules in an Open Economy Under Rational and Adaptive Expectations

OpenAIRE

Blackburn, Keith; Currie, David; Whittaker, R; Wren-Lewis, Simon

1985-01-01

The potential instability of a fixed monetary rule combined with automatic fixed stabilisers is a well-established feature of closed economy IS/LM models with wealth effects and asset accumulation. This paper examines the stability issue in a general open economy macromodel with alternative expectations mechanisms (rational or adaptive) in both the labour market and the foreign exchange market. The fixed monetary rule is found to be stabilising only in special cases, notably when post-tax rea...

System-of-Systems Framework for the Future Hydrogen-Based Transportation Economy: Preprint

Energy Technology Data Exchange (ETDEWEB)

Duffy, M.; Sandor, D.

2008-06-01

From a supply chain view, this paper traces the flow of transportation fuels through required systems and addresses the current petroleum-based economy, DOE's vision for a future hydrogen-based transportation economy, and the challenges of a massive market and infrastructure transformation.

Financial Shortages Patterns - an Overview on Emerging Economies

Directory of Open Access Journals (Sweden)

Ioana-Veronica ALEXA

2010-12-01

Full Text Available The hereby paper tackles the onset and evolution of the global financial crisis, providing an overview of the partially foreseeable causes and extremely severe consequences. The aim of the paper is to analyze how the collapses of the US sub-prime mortgage market and the reversal of the housing boom in other industrialized economies led to a ripple effect on the world economy. In Europe, bankruptcy stroke and a number of major financial institutions collapsed, while others needed rescuing. The paper concludes that the global economy has proven to be extremely brittle and in need of coherent actions in order to insure recovery.

Subprime cities: the political economy of mortgage markets

NARCIS (Netherlands)

Aalbers, M.B.

2012-01-01

The study of mortgage markets has traditionally been the domain of economists. During historic times of turmoil and change, however, social scientists of various stripes are often called upon to shape our understanding of ways mortgage markets function. We are presently experiencing an episode of

RUSSIAN STOCK MARKET INSTITUTIONAL PARTICIPANTS: HABITUS AND PRACTICES

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Boris Borisovich Podgorny

2017-11-01

Full Text Available The global investment experience shows that economic growth is impossible without the creation of an effective national stock market. Also, along with the solution of the funds inflow into the economy, developed stock market contributes the creation of a mass economy owners community. Economic characteristics – economy demand for credit resources (especially in sanction terms, the availability of the savings among the Russian population, rates reduction on bank deposits, – saying that “investment boom” should take place in Russia today, in which a significant part of the population must be taken mass participation in the stock market, including the way through collective investment. However, the current situation does not allow us to talk about the successful development this direction of the Russian stock market. In this article, prepared in the framework of the author’s special sociological theory «The Russian Stock Market as a Social Space» [27], presented the results of Russian stock market institutional investors study including: the statistical indicators characterizing institutional investors on the stock market were analyzed; the practices caused by the existing habitus of Russian stock market institutional investors were classified and studied. It was found that the habitus of most institutional investors participating in the Russian stock market is marked a speculative nature.

FINANCIAL INTERMEDIARIES’ ACTIVITY ON ROMANIAN CAPITAL MARKET

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Dumitru-Cristian OANEA

2014-11-01

Full Text Available The financial shifts encountered in the last decade, increase the importance of capital markets in emerging countries, which is also Romania’s case. The banking system was for a long period of time the main source of liquidity for the economy. Meanwhile, the situation is changing due to the importance that capital market has in financing the economy. Through this paper we analyze the transactions’ evolution made by financial intermediaries on Romanian capital market, by highlighting the Societies for Financial Services and Investments (SSIF. Based on this evolution, we identified the main significant differences and similarities between the SSIFs existing on the market.

The Place of Digital Marketing on Turkish Small Businesses

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Serhat Karatum

2017-12-01

Full Text Available In the 21st century, technology develops rapidly and continuously and it affects every aspect of our lives. Marketing concept has been affected by these developments. What we want from marketing and reaching in an increasingly virtualized world is to be a lot faster than the past. Also, new marketing channels have emerged as well. Turkish small businesses, the building blocks of Turkish economy, have the chance of addressing the marketing problems and solving the problems with the digital marketing channels. Small businesses have time and cash money limitations and this restricts their development. It is aimed to inform Turkish small businesses about Turkish population’s digital channel usage and the benefits of using digital marketing channels. As a result, digital marketing is going to improve the speed of renewal process of the Turkish small businesses and competition between them will improve the economy of Turkey. In the 21st century, technology develops rapidly and continuously and it affects every aspect of our lives. Marketing concept has been affected by these developments. What we want from marketing and reaching in an increasingly virtualized world is to be a lot faster than the past. Also, new marketing channels have emerged as well. Turkish small businesses, the building blocks of Turkish economy, have the chance of addressing the marketing problems and solving the problems with the digital marketing channels. Small businesses have time and cash money limitations and this restricts their development. It is aimed to inform Turkish small businesses about Turkish population’s digital channel usage and the benefits of using digital marketing channels. As a result, digital marketing is going to improve the speed of renewal process of the Turkish small businesses and competition between them will improve the economy of Turkey.

78 FR 62583 - Welded Stainless Pressure Pipe From Malaysia, Thailand, and the Socialist Republic of Vietnam...

Science.gov (United States)

2013-10-22

... Pressure Pipe From Malaysia: Request for Extension of Preliminary Determination,'' ``Welded Stainless Steel... Stainless Pressure Pipe From Malaysia, Thailand, and the Socialist Republic of Vietnam: Postponement of...: Charles Riggle (Malaysia), Brandon [[Page 62584

INFLUENCE OF RELATIONS WITH INTERNATIONAL FINANCIAL INSTITUTIONS ON INSTITUTIONAL TRANSFORMATIONS OF ECONOMY

Directory of Open Access Journals (Sweden)

Galyna POCHENCHUK

2014-12-01

Full Text Available The article deals with the problem of the impact of transitional countries cooperation with international financial institutions on institutional changes which take place in emerging market economies, on the base of Ukraine. Research is carried out from the standpoint of institutional theory. The main reforms that took place in emerging market economy countries were based on the Washington Consensus strategy recommended by international financial institutions. The results of implementing this strategy are varied in different countries. In Ukraine strict adherence to requirements in the early stages of reforms without internal institutional conditions and characteristics led to a deep and protracted crisis of forming a "transformational stability." The general formal institutions of the market economy have been created according to the neoliberal concept which is provided by IFIs. However, experience of transitive economies including Ukraine, confirms the ineffectiveness of many established formal institutions borrowed from the developed countries. The author reviews the basic theory of institutional changes, argues that the terms of cooperation circulated by international financial institutions not only affect economic development strategy, but also determine the role of the national government in relations with markets. Under present conditions prevailing in Ukraine, it is impossible to manage without assistance of international financial institutions. But we need to pay more attention to technical and advisory cooperation in realization of institutional reforms, and credits – to take as a required time for receiving the results of reforms.

A pro-competitive order as an institute of the economy based on knowledge

Directory of Open Access Journals (Sweden)

Rozhdestvenskaya Elena

2016-01-01

Full Text Available The modern theory of constitutional economy returns to the ideas of the founders of ordoliberalism, marks the function of the state as an institutional mechanism to promote and protect competition. The role of the state is the system subject of a pro-competitive order. The article analyzes the patterns of spontaneous transformation of government involvement in the market economy in the procompetitive order Institute as a condition of sustainable development of the economy based on knowledge. The research results are useful in the development of the theory of regulation of market processes and the formation of a strategic state policy in the field of economic regulation, in particular for Russia.

Marketing: Events as marketing tools in Thai Hospitality Industry

OpenAIRE

Hu, Wenzhuo

2012-01-01

Abstract Thailand is a developing country in Southeast Asia. It is one of the top tourist destinations in the world. The tourism industry has a big impact on this country’s economy, largely from foreign tourism. Tourism Authority Thailand as a marketing tool promotes Tai tourism industry and as a new concept to develop policy and marketing plan in tourism market in Thailand. However, the most of previous studies just have focused on foreigner travel in Thailand but only a few studies ment...

MEASURING THE ECONOMIC PERFORMANCE OF TRANSITION ECONOMIES : SOME LESSONS FROM CHINESE EXPERIENCE

NARCIS (Netherlands)

Maddison, Angus

This article quantifies the comparative performance of China in several dimensions. Firstly, it shows that China's move from a command to a market economy was less abrupt and more successful than that of 29 other economies making a similar transition. Secondly, while official estimates show annual

Marx’s Centenary (1918 in the Light of the Media and Socialist Thought

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Christian Fuchs

2018-05-01

Full Text Available This article takes a historical view on Marx’s anniversary: It analyses how Marx’s centenary (5 May 1918 was reflected in the media and socialist thought. 1918 not just marked Marx’s 100th anniversary but was also the year in which the First World War ended. It was the year that saw the immediate aftermath of the Russian Revolution and the start of the Russian Civil War, the end of the Austro-Hungarian Empire; the formation of the Weimar Republic, Austria’s First Republic, the Czech Republic, the Hungarian Republic, the Second Polish Republic; the founding of the Communist Party of Germany (KPD, and the independence of Iceland from Denmark. The cultural forms, in which Marx’s centenary was reflected in 1918, included press articles, essays, speeches, rallies, demonstrations, music, and banners. The communists as well as left-wing socialists of the day saw themselves in the tradition of Marx, whereas revisionist social democrats based their politics on a criticism or revised reading of Marx. This difference resulted in different readings of Marx.

La peine de mort en Yugoslavie socialiste et le conflit des sources normatives