scholarly journals Drivers of Philanthropic Foundations in Emerging Markets: Family, Values and Spirituality

2021 ◽  
Author(s):  
Valeria Giacomin ◽  
Geoffrey Jones
Keyword(s):  
Emerging Markets ◽  
Charitable Giving ◽  
Developed Countries ◽  
The United States ◽  
Business Leaders ◽  
Philanthropic Foundations ◽  
Family Control ◽  
Family Names ◽  
Founding Family ◽  
Oral History Interviews

AbstractThis article discusses the ethics and drivers of philanthropic foundations in emerging markets. A foundation organizes assets to invest in philanthropic initiatives. Previous scholarship has largely focused on developed countries, especially the United States, and has questioned the ethics behind the activities of foundations, particularly for strategic motives that served wider corporate purposes. We argue that philanthropic foundations in emerging markets have distinctive characteristics that merit separate examination. We scrutinize the ethics behind the longitudinal activity of such foundations using 70 oral history interviews with business leaders in 18 countries in Africa, Asia, Latin America, and the Middle East. We find that 55 out of 70 foundations associated with these leaders have been used as vehicles for a specific type of philanthropic ethics defined as “spiritual philanthropy”. These foundations often embodied personal or family traditions, culture, and religious values, which emphasized charitable giving and social responsibility. As in the case of many of the industrial foundations in Europe, these foundations also carried founding family names and provided a structure to maintain family control and enhance corporate reputation. We argue that, as business leaders in emerging markets are more directly exposed to dire social, educational and health deprivation than their counterparts in developed countries, they are less inclined toward grandiose world-making, and their foundations are more focused on delivering immediate benefits to communities in their home countries, motivated by implicit or explicit spirituality.

What encourages charitable giving and philanthropy?

2009 ◽  
Vol 29 (8) ◽  
pp. 1185-1205 ◽  
Author(s):  
FRANK ADLOFF
Keyword(s):  
Civic Engagement ◽  
Older People ◽  
United States Of America ◽  
Educational Level ◽  
Charitable Giving ◽  
The United States ◽  
Fund Raising ◽  
Voluntary Action ◽  
Public Attention ◽  
Philanthropic Foundations

ABSTRACTIn recent years, increasing public attention has been paid to voluntary action, civic engagement and philanthropy. It is in this framework that the growing numbers of childless older people are regarded as a valuable source of charitable giving. In fact, by giving to philanthropic foundations – instead of consuming their wealth or leaving inheritances – childless donors may develop into pioneers in the field of post-familial civic engagement. The article explores the circumstances under which childless older people adopt this behaviour in both Germany and the United States of America. It is found that making large donations or setting up philanthropic foundations is still an elite phenomenon, but on the other hand that establishing a foundation is attractive for childless people, both as a means of ensuring that one's name lives on, and as a way of organising bequests. Educational level, ill-health, social capital and religiosity all positively reinforce the inclination of childless people to transfer resources to charities. It is also shown that the institutional framework or organised fundraising has a large role in fostering charitable giving among the childless. The framework of charity organisations and fund raising in the country of residence plays an important role in determining the expansion and democratisation of charitable giving.

scholarly journals Differences In Millennials In Emerging Markets and Developed Countries: The Case of Turkey and The United States

1970 ◽  
Vol 38 (1) ◽  
pp. 38-61
Author(s):  
Timothy Reisenwitz
Keyword(s):  
United States ◽  
Emerging Markets ◽  
Generation Y ◽  
Developed Countries ◽  
The United States ◽  
Emerging Countries ◽  
Risk Averse ◽  
Online Purchases

This study assesses the differences between Millennials (Generation Y) inadvanced and emerging countries, using the United States and Turkey. The purposeis to give marketers more direction in better addressing the needs of Millennialconsumers in advanced and emerging countries. Results showed that Millennialsin the United States are more satisfied with online purchases, have higher brandloyalty, and were more risk-averse compared to the Millennials from Turkey. Thereare no significant differences between the two countries in terms of social mediausage. This study enriches the existing literature and provides directions for furtherresearch.

scholarly journals THE IMPACT OF EXTERNAL SHOCKS ON THE RUSSIAN ECONOMY

2018 ◽  
Vol 22 (4) ◽  
pp. 146-170 ◽  
Author(s):  
M. G. Tiunova
Keyword(s):  
Emerging Markets ◽  
World Economy ◽  
External Environment ◽  
Financial System ◽  
Developed Countries ◽  
The United States ◽  
External Shocks ◽  
Foreign Markets ◽  
Russian Economy ◽  
The World

The article is devoted to the study of the degree of sensitivity of the Russian economy to exogenous shocks from the external environment. Indicators of the dynamics of foreign markets are changes in the global market of raw materials, financial markets of developed countries, and the propensity of foreign investors to risk. The topic of our study is relevant against the background of the current key risks for the world economy and financial system: uncertainty of the global energy market prospects due to the growth of oil production in the united States; normalization of monetary policy by developed countries, which in the future can provoke capital outflow from emerging markets; the threat of global protectionism. The article describes the potential consequences of these events for the world economy and financial system. The study uses statistical data on the real and financial sectors of the Russian economy, as well as foreign markets for the period 2002–2018. The parameters of external market conditions are world trade conditions, the volatility of the global stock and currency markets, the level of business activity in the Eurozone region, and the degree of risk and uncertainty in emerging markets. The research methodology is based on Bayesian structural vector autoregressions. The graphs of the impulse response function allow us to determine the direction of the key parameters of the Russian economy (industry, inflation, exchange rate, and sovereign risk premium) in response to changes in external environment. The contribution of external shocks to the dynamics of macroeconomic indicators is determined on the basis of the decomposition of the error variance of the model endogenous variables forecast. Our analysis confirmed the significant dependence between the dynamics of the key indicators of the Russian economy and the external markets. The author concludes that the inflation targeting regime and the policy of budget rules have a positive impact on the protection of the Russian economy from global risks.

Globalization, Evolution and Emergence of Direct-to-Consumer Advertising: Are Emerging Markets the Next Pharmaceutical Marketing Frontier?

2012 ◽  
Vol 18 (4) ◽  
Author(s):  
Timothy Ken Mackey
Keyword(s):  
Global Health ◽  
Emerging Markets ◽  
Developed Countries ◽  
The United States ◽  
Market Potential ◽  
Pharmaceutical Marketing ◽  
Past Century ◽  
Direct To Consumer ◽  
Global Health Issue ◽  
Direct To Consumer Advertising

Pharmaceutical marketing has rapidly evolved over the past century and has now entered the digital revolution.  This is exemplified by the rise of direct-to-consumer-advertising (“DTCA”), which has traditionally been only allowed in the United States and New Zealand in developed countries, but is now expanding in reach to other jurisdictions.  Enabling the “globalization” of pharmaceutical DTCA is Internet-related technologies that are not limited to geographical borders and are highly unregulated.  This DTCA digital “spillover” into markets that prohibit it can have adverse impact on health outcomes and health-related spending.  Emerging markets may represent the next logically step for digital DTCA proliferation, given their untapped market potential and explosive growth.  Further research and global health policy reform is necessary to address this “emerging” global health issue.

The Washington Consensus, liberal ideas and terms of the military-technological policy

2020 ◽  
Vol 16 (11) ◽  
pp. 2103-2123
Author(s):  
V.L. Gladyshevskii ◽  
E.V. Gorgola ◽  
D.V. Khudyakov
Keyword(s):  
United States ◽  
Production Management ◽  
Developed Countries ◽  
The United States ◽  
Internal Quality ◽  
Industrial Complex ◽  
Active Involvement ◽  
Military Industrial Complex ◽  
Industrial Complexes ◽  
The Military

Subject. In the twentieth century, the most developed countries formed a permanent military economy represented by military-industrial complexes, which began to perform almost a system-forming role in national economies, acting as the basis for ensuring national security, and being an independent military and political force. The United States is pursuing a pronounced militaristic policy, has almost begun to unleash a new "cold war" against Russia and to unwind the arms race, on the one hand, trying to exhaust the enemy's economy, on the other hand, to reindustrialize its own economy, relying on the military-industrial complex. Objectives. We examine the evolution, main features and operational distinctions of the military-industrial complex of the United States and that of the Russian Federation, revealing sources of their military-technological and military-economic advancement in comparison with other countries. Methods. The study uses military-economic analysis, scientific and methodological apparatus of modern institutionalism. Results. Regulating the national economy and constant monitoring of budget financing contribute to the rise of military production, especially in the context of austerity and crisis phenomena, which, in particular, justifies the irrelevance of institutionalists' conclusions about increasing transaction costs and intensifying centralization in the industrial production management with respect to to the military-industrial complex. Conclusions. Proving to be much more efficient, the domestic military-industrial complex, without having such access to finance as the U.S. military monopolies, should certainly evolve and progress, strengthening the coordination, manageability, planning, maximum cost reduction, increasing labor productivity, and implementing an internal quality system with the active involvement of the State and its resources.

Are Political and Charitable Giving Substitutes? Evidence from the United States

2019 ◽  
Author(s):  
Maria Petrova ◽  
Ricardo Perez-Truglia ◽  
Andrei Simonov ◽  
Pinar Yildirim
Keyword(s):  
United States ◽  
Charitable Giving ◽  
The United States

On the prospects of application of nanostructured heterophase polyfunctional composite materials inengine building industry

2019 ◽  
pp. 50-57
Author(s):  
O. B. Silchenko ◽  
M. V. Siluyanova ◽  
V. Е. Nizovtsev ◽  
D. A. Klimov ◽  
A. A. Kornilov
Keyword(s):  
Composite Materials ◽  
Gas Turbine ◽  
Developed Countries ◽  
The United States ◽  
Turbine Engines ◽  
Gas Turbine Engines ◽  
Nanostructured Composite ◽  
Polymer Metal ◽  
Long Operation ◽  
Prospects Of Application

The paper gives a brief review of properties and applications of developed extra-hard nanostructured composite materials and coatings based on them. The presentresearch suggestsaerospace applications of nanostructured composite materials based on carbides, carbonitrides and diboridesof transition and refractory metals. To improve the technical and economic performance of gas turbine engines, it is advisable to use new composite structural materials whose basic physicomechanical properties are several times superior to traditional ones. The greatest progress in developing new composites should be expected in the area of materials created on the basis of polymer, metal, intermetallic and ceramic matrices. Currently components and assemblies of gas turbine engines and multiple lighting power units with long operation life and durability will vigorously develop. Next-generation composites are studied in all developed countries, primarily in the United States and Japan.

Operation of a hyperbaric oxygen therapy center in Korea: Report of our experience from a setting in its nascent stages

2019 ◽  
pp. 135-143
Author(s):  
Yoon Seop Kim ◽  
Yoonsuk Lee ◽  
Sun Ju Kim ◽  
Sung Oh Hwang ◽  
Yong Sung Cha ◽  
...  
Keyword(s):  
Critically Ill ◽  
Hyperbaric Oxygen ◽  
Critically Ill Patients ◽  
Demographic Data ◽  
Developed Countries ◽  
The United States ◽  
Medical Society ◽  
Hyperbaric Medicine ◽  
Therapy Center ◽  
Hbo2 Therapy

Purpose: Hyperbaric medicine is nascent in Korea when compared to other developed countries, such as the United States and Japan. Our facility has been managed by physicians with certifications from the Undersea and Hyperbaric Medical Society (UHMS) and National Oceanic and Atmospheric Administration in diving and clinical diseases since October 2016. This study was conducted to share similar issues that are encountered during the establishment of a program in a new area through our experiences in the operation of a hyperbaric oxygen (HBO2) therapy center. Methods: In this retrospective observational study we collected data on HBO2 patients treated at our center between October 2016 and June 2018 after HBO2 was conducted by HBO2-certified physicians. We then compared demographic data of patients with data from January 2011 to September 2015 – before HBO2 operations were conducted by HBO2-certified physicians. Result: A total of 692 patients received 5,130 treatments. Twelve indicated diseases were treated using HBO2 therapy. Fifty-six critically ill patients with intubation received HBO2. Although two patients experienced seizure due to oxygen toxicity during the study period, certified physicians and inside attendant took immediate corrective action. Conclusion: After the establishment of the HBO2 center operated by physicians with certification, more patients, including critically ill patients, received HBO2 safely for various diseases. In order to improve the practice of hyperbaric medicine in Korea, the Korean Academy of Undersea and Hyperbaric Medicine (KAUHM), an advanced and well-organized academic society, should communicate often with HBO2 centers, with the aim to set Korean education programs at UHMS course levels and increase reimbursement for HBO2 therapy.

Accidental Sustainability

2017 ◽  
Author(s):  
Geoffrey Jones
Keyword(s):  
Large Scale ◽  
Negative Impact ◽  
Positive Impact ◽  
Organic Food ◽  
The United States ◽  
Air Travel ◽  
Business Leaders ◽  
Natural Beauty ◽  
And Diffusion ◽  
Whole Foods

This chapter examines the scaling and diffusion of green entrepreneurship between 1980 and the present. It explores how entrepreneurs and business leaders promoted the idea that business and sustainability were compatible. It then examines the rapid growth of organic foods, natural beauty, ecological architecture, and eco-tourism. Green firms sometimes grew to a large scale, such as the retailer Whole Foods Market in the United States. The chapter explores how greater mainstreaming of these businesses resulted in a new set of challenges arising from scaling. Organic food was now transported across large distances causing a negative impact on carbon emissions. More eco-tourism resulted in more air travel and bigger airports. In other industries scaling had a more positive impact. Towns were major polluters, so more ecological buildings had a positive impact.

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