Economic Crisis — Innovation Crisis — Management Crisis?

Author(s):  
Dietrich Legat
2021 ◽  
Vol 27 (10) ◽  
pp. 2282-2313
Author(s):  
Dmitrii V. MANUSHIN

Subject. The article addresses approaches to understanding the economic and macroeconomic crisis. Objectives. The aim is to study and update the concepts of macroeconomic crisis and economic crisis, taking into account modern crisis phenomena and processes, for easier identification and timely anti-crisis measures. Methods. The study draws on the abstract-logical method. Results. The paper clarifies the terms "macroeconomic crisis" and "economic crisis", adds two approaches to the traditional general economic approach to understanding macroeconomic and economic crises, i.e. priority-economic (new approach) and institutional- economic (updated approach). I offer a new systemic grouping of signs of macroeconomic crises and examples that reveal the impact of new signs of these crises on macroeconomics. I formulated a new idea of the unity of intermittent and persistent crisis. Conclusions. The priority-economic approach indicates the priority areas of effort mobilization in the process of crisis management of macroeconomics. The institutional-economic approach broadens the perception of the crises and confirms the need to apply an updated institutional approach to all phenomena and processes studied in macroeconomics.


2004 ◽  
Vol 15 (1) ◽  
pp. 201-203
Author(s):  
Stephen E Reynolds

2021 ◽  
Vol 24 (2) ◽  
pp. 431-448
Author(s):  
Konstantinos Spinthiropoulos ◽  
Efthymia Tsiatsiou ◽  
Alexandros Garefalakis ◽  
Georgios Chaitidis ◽  
E. Stavropoulou

2021 ◽  
Vol 2 (6) ◽  
pp. 110-117
Author(s):  
A. S. SUYARKOV ◽  
◽  
S. L. OZEROV ◽  
E. V. GENKIN ◽  
◽  
...  

The scientific article is devoted to a research review of tools, methods, directions and practical recom-mendations aimed at the application of management decisions of anti-crisis management while ensuring the economic security and financial stability of the functioning of enterprises of the economy of the Russian Fed-eration in the context of the spread of the COVID-19 coronavirus pandemic. The relevance of the study is due to a sharp deterioration in the external environment, due to which the domestic business is faced with the actual onset of the economic crisis, which, in turn, forces the use of anti-crisis management mechanisms. The article analyzes the main factors leading to the formation of the crisis period of the Russian economy in the context of the coronavirus. The characteristics of anti-crisis management are described. The main anti-crisis management decisions of Russian enterprises during a pandemic, which can provide a way for a business from a crisis, are listed.


Author(s):  
Anna Matysek-Jędrych

The chapter focuses on the relation between the economic crisis and competitiveness on a national and regional dimension. The Baltic countries (Estonia, Latvia, and Lithuania) have experienced one of the biggest GDP contractions during the Global Crisis so far. Hence, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked many interests. The international competitiveness and economic crisis intermingle with one another. The international cases selected for the purpose of this research (Estonia, Latvia, and Lithuania) were to demonstrate clear and unquestionable evidence that crisis affects the international competitiveness of countries. One may believe that such a deep and painful financial and economic crisis as the current one—in the case of the Baltics—has to leave some permanent and explicit traces on a country's competitiveness. Thus, the results of this research may surprise a little. It may be generally concluded that a short-term crisis, even if severe, does not have a negative long-term influence on the international competitiveness as long as a proper anti-crisis policy is implemented. Sharing a number of structural, institutional, and performance features caused the crisis to undermine the competitiveness of the Baltic States in a similar manner (through macroeconomic stability channel). This in turn caused the applying of an analogue crisis management policy with the fundamental tool of fiscal policy tightening by an increased downward flexibility of wages and prices.


2011 ◽  
Vol 55 (1-2) ◽  
Author(s):  
Thomas Sablowski

Crisis and continuity of the finance-led regime of accumulation. Does the current global economic crisis lead to a change in the mode of development of capitalism? To examine this question the global, finance-led regime of accumulation is examined. The changing balance of class forces with the decline of the share of wages in GDP reinforces the tendency towards overproduction and leads to a rising indebtedness of wage-earners. International current account imbalances and the growing indebtedness of states are further triggers of the expansion of financial markets as well as moments of the current crisis. Crisis management so far rather points to the continuity of the finance- led regime of accumulation - with the prospect of further crises in the near future.


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