Gold rush: the political economy of the Yugoslavian gold exchange standard

2021 ◽  
pp. 1-20
Author(s):  
Aleksandar Radan Jevtic
Keyword(s):  
Economic Benefits ◽  
Gold Rush ◽  
Political Agenda ◽  
Economic Knowledge ◽  
The Great Depression ◽  
Gold Core ◽  
Monetary System ◽  
The Government ◽  
Governmental Institutions ◽  
Policy Elites

This article analyses the economic, political and cultural factors that influenced the decision of policy-makers in Yugoslavia to join the gold exchange standard in the midst of the Great Depression in June 1931. The analysis proceeds in three stages. First, the economic reasons why policy elites and interest groups endeavoured to adopt the gold exchange standard are examined by looking at debates in Yugoslavia's central bank, correspondence between governmental institutions and the views of policy elites as depicted in various economic newspapers. Subsequently, the article analyses how the beliefs in economic benefits analysed in the previous part were formed, considering the state of economic knowledge in the country, as well as pressures exerted by foreign lenders such as the Bank of England, the Banque de France and the Bank for International Settlements. The third part analyses reasons for legal stabilisation that go beyond economic rationales, considering how the government employed the prestige involved in legal stabilisation for its political agenda, and how cultural attachments to ‘gold core countries’ made sharing their monetary system a matter of cultural integration.

scholarly journals An Investigation of the Socio-Economic Benefits of Small-Scale Gold Mining in Malawi

Mining ◽  
2021 ◽  
Vol 1 (1) ◽  
pp. 19-34
Author(s):  
Tiyamike Haundi ◽  
Gift Tsokonombwe ◽  
Steven Ghambi ◽  
Theresa Mkandawire ◽  
Ansley Kasambara
Keyword(s):  
Gold Mining ◽  
Indigenous Communities ◽  
Economic Benefits ◽  
Gold Rush ◽  
Basic Knowledge ◽  
Small Scale ◽  
Low Literacy ◽  
Policy Makers ◽  
Key Stakeholders ◽  
The Government

In the recent years, there has been a surge in artisanal and small-scale gold mining (ASGM) in various districts of Malawi. Reports of a gold rush have emerged in various districts, including Mangochi, Lilongwe, Balaka, and lately in Kasungu. There has been persistence by many indigenous communities participating in ASGM activities, yet little is being done by the government to formalize and support the sub-sector. The purpose of this study was to investigate the benefits of artisanal small-scale gold mining in Malawi and expose the shortfalls so that key stakeholders and policy makers are well informed. A quantitative approach which used semi-structured questionnaires was used and the data was analyzed using Microsoft excel and Statistical Packages for the Social Sciences (SPSS). The study shows that ASGM is characterized by people with low literacy levels, who use traditional tools (low-tech) and use methods fueled by lack of capital, and deficiency of basic knowledge of mining and geology. The study found that the government could achieve substantial socio-economic development from the sector by: (1) revising the current artisanal and small-scale mining (ASM) legislation so that it embraces the customary practices whilst safeguarding the environment and improving the tax collection base; (2) providing support in form of mining related training and education to these communities; (3) leading in transfer of modern technologies for improved extraction; (4) supporting ASM cooperatives in securing credit facilities from financial institutions; and (5) closing the existing knowledge gap for ASM related issues through introduction of mining desk officers in district councils.

The Fabi and the End of the Global Silver Era, 1933–1937

2020 ◽  
pp. 147-179
Author(s):  
Austin Dean
Keyword(s):  
Exchange Rates ◽  
The United States ◽  
Central Question ◽  
Chinese Consumers ◽  
The Great Depression ◽  
Major Market ◽  
Monetary System ◽  
Silver Standard ◽  
The Government ◽  
The U.S

This chapter recounts the Nationalist government's announcement that it was going off the silver standard and onto a managed currency called the fabi in November 1935. It mentions how the government nationalized silver stocks, limited the note issued to several banks, and promised to buy and sell fabi without limit at certain exchange rates against the U.S. dollar and British pound. It also talks about members of the Silver Bloc in the United States who believed the falling price of silver in the late 1920s and early 1930s caused the Great Depression by taking away the purchasing power of Chinese consumers and contracting U.S. exports. The chapter analyses the Silver Purchase Act, which according to economist Milton Friedman harmed the U.S. silver producers as it destroyed what had been a major market for their output. It tackles the central question in China on how to change the monetary system and how to defend fabi as a new currency.

YOUTH POLICY IN MODERN RUSSIA. ABSENTEEISM AND POLITICAL PROTEST

2019 ◽  
Author(s):  
G.I. AVTSINOVA ◽  
М.А. BURDA
Keyword(s):  
Young People ◽  
Political Stability ◽  
Political Agenda ◽  
The Political ◽  
Political Protest ◽  
Youth Organizations ◽  
Youth Policy ◽  
The Government ◽  
Russian Politics ◽  
High Level

The article analyzes the features of the current youth policy of the Russian Federation aimed at raising the political culture. Despite the current activities of the government institutions in the field under study, absenteeism, as well as the protest potential of the young people, remains at a fairly high level. In this regard, the government acknowledged the importance of forming a positive image of the state power in the eyes of young people and strengthen its influence in the sphere of forming loyal associations, which is not always positively perceived among the youth. The work focuses on the fact that raising the loyalty of youth organizations is one of the factors of political stability, both in case of internal turbulence and external influence. The authors also focus on the beneficiaries of youth protests. The authors paid special attention to the issue of forming political leadership among the youth and the absence of leaders expressing the opinions of young people in modern Russian politics. At the same time, youth protest as a social phenomenon lack class and in some cases ideological differences. The authors come to the conclusion that despite the steps taken by the government and political parties to involve Russian youth in the political agenda, the young people reject leaders of youth opinion imposed by the authorities, either cultivating nonparticipation in the electoral campagines or demonstrating latent protest voting.

scholarly journals Bioclimatic and Regenerative Design Guidelines for a Circular University Campus in India

2021 ◽  
Vol 13 (15) ◽  
pp. 8238
Author(s):  
Noemi Bakos ◽  
Rosa Schiano-Phan
Keyword(s):  
Construction Industry ◽  
Assessment Tool ◽  
Economic Benefits ◽  
Design Guidelines ◽  
University Campus ◽  
Design Strategies ◽  
Regenerative Design ◽  
Governmental Institutions ◽  
Social Environmental

To transform the negative impacts of buildings on the environment into a positive footprint, a radical shift from the current, linear ‘make-use-dispose’ practice to a closed-loop ‘make-use-return’ system, associated with a circular economy, is necessary. This research aims to demonstrate the possible shift to a circular construction industry by developing the first practical framework with tangible benchmarks for a ‘Circular University Campus’ based on an exemplary case study project, which is a real project development in India. As a first step, a thorough literature review was undertaken to demonstrate the social, environmental and economic benefits of a circular construction industry. As next step, the guideline for a ‘Circular University Campus’ was developed, and its applicability tested on the case study. As final step, the evolved principles were used to establish ‘Project Specific Circular Building Indicators’ for a student residential block and enhance the proposed design through bioclimatic and regenerative design strategies. The building’s performance was evaluated through computational simulations, whole-life carbon analysis and a circular building assessment tool. The results demonstrated the benefits and feasibility of bioclimatic, regenerative building and neighbourhood design and provided practical prototypical case study and guidelines which can be adapted by architects, planners and governmental institutions to other projects, thereby enabling the shift to a restorative, circular construction industry.

Currency Internationalization and Reforms in the Architecture of the Monetary System: the case of Digital Yuan

2021 ◽  
Vol 40 (1) ◽  
Author(s):  
Zhi Ji ◽  
George Abuselidze ◽  
Valeriia Lymar
Keyword(s):  
Financial System ◽  
The State ◽  
Chinese Government ◽  
Security Technology ◽  
Digital Currency ◽  
Negative Results ◽  
Monetary System ◽  
The Government ◽  
Financial Transactions ◽  
Global Financial System

In the paper, the authors prove that the application of the Chinese currency in the less developed regions reveals that the Chinese Yuan, despite its limited turnover, can replace the national currency. The following positive and negative results on the global financial system are highlighted promoting the internationalization of the digital Yuan: ensuring and unlimited transparency of the government and visibility of internal financial transactions; transparency of all offshore financial transactions within a country as well as of non-resident users; providing a framework for the global financial system and controlling the monetary policies of regional economies that have actively adopted the Yuan. The paper analyses that the strategy of the Yuan internationalization was implemented through the mechanism of the currency swap agreements with central banks of different countries, respectively, the growing international application of the Yuan gradually stimulated the creation of the „Yuan zone". It is proved that the Yuan internationalization has become a part of the state strategy of the Chinese government in transition to a new type of economic growth, so the digital Yuan should eventually replace cash and will become the main innovation in the global financial system since the appearance of digital currency. According to the conducted research, it is shown that the main technology of the state digital currency of China accommodates security technology, transaction technology, and reliable guarantee technology. The system of Digital Currency, Electronic Payment - DCEP includes a digital currency tracking method system and a digital currency management system based on certain conditions. Launch conditions include terms of economic conditions, interest rate terms of the loan, the terms of the subject flow, and time conditions.

The “Surge Phenomenon” of Macro Economy in Developing Countries from the Perspective of Tobacco Economy

2021 ◽  
Vol 7 (4) ◽  
pp. 663-673
Author(s):  
Lulu Liu
Keyword(s):  
Developing Countries ◽  
Tobacco Industry ◽  
Investment Decision ◽  
Relevant Literature ◽  
Economic Benefits ◽  
Social Costs ◽  
Advantages And Disadvantages ◽  
The Social ◽  
The Government ◽  
The Impact

Objectives: Starting from the tobacco economy, this paper studies the “surge phenomenon” of macro-economy in developing countries. Methods: This paper studies the impact of tobacco industry on Anhui economy by using the relevant theories of industrial economics, econometrics and regulatory economics, combined with the actual situation of tobacco industry. Based on the analysis of the overall development of tobacco industry, this paper empirically analyzes the relationship between tobacco industry and Anhui economic growth. This paper combs the relevant literature of the existing research results of this theory. Combined with the special fact that government investment accounts for a large proportion in China’s current economic construction, this paper redefines the hypothesis of the investor in the theory of principles. On this basis, the expected equilibrium results of enterprise investment decision-making under government led and market led modes are compared and analyzed by using incomplete information static game model. Results: When the output value of tobacco industry increases by 1%, it will drive the GDP to increase by 0.373%. Secondly, by comparing the economic benefits of tobacco with the social costs of tobacco, it is found that with the economic development, the social costs caused by tobacco increase year by year, but the economic benefits are slightly greater than the social costs. The difference between the two is also increasing year by year. Conclusion: In the context of tobacco control, we should fully consider the advantages and disadvantages of developing the tobacco industry. Under the excessive intervention of the government, the manifestation of the surge phenomenon is more intense, and the final consequence of overcapacity is more serious than that under the market-oriented mode..

scholarly journals Socio-economic Factors Influencing Profitability of Rice Seed Production in Selected Areas of Bangladesh

2014 ◽  
Vol 12 (1) ◽  
pp. 33-40
Author(s):  
MZ Hoque ◽  
ME Haque
Keyword(s):  
Seed Production ◽  
Crop Production ◽  
Information Sources ◽  
Economic Benefits ◽  
Influential Factor ◽  
Farm Size ◽  
Economic Factors ◽  
Rice Seed ◽  
The Government ◽  
Socio Economic Factors

Seed is the foundation of agriculture for enhancing crop production. The economic benefits from the improved quality seed production help scaling up the livelihood standard as well as nutritional status of the common people. The study was carried out in three districts namely Jamalpur, Gazipur and Manikganj to identify the socio-economic dimensions of the government seed production project beneficiaries persuading profitability of rice seed production. Data were collected through intensive survey of randomly selected 211 sample respondents using pre-tested interview schedule. To examine the profitability of rice seed production, the gross margin and cost benefit analysis were carried out. Co-efficient of correlation and multiple stepwise regressions were employed to find out the determinants of profitability in rice seed production. Rice seed production was not found to be so profitable as investment in rice seed cultivation can produce average BCR of only up to 1.44, where highest BCR was found in Jamalpur (1.58) compared to Manikganj (1.48) and Gazipur (1.26). The results revealed that socio-economic factors have a profound influence on profitability of rice seed production as these factors combined explained 54.9 percent variation. Farm size, contact with information sources, knowledge on quality rice production and age of the respondents were identified as significant contributors in profitability of rice seed production, whereas contact with information sources was the single most influential factor (24.6%). Therefore, steps may be taken so that the seed-growers could directly be linked with more information sources dealing with seed production and marketing through the government initiatives to boost up the production as well as to ensure appropriate price of the farmers’ home grown seed. DOI: http://dx.doi.org/10.3329/agric.v12i1.19578 The Agriculturists 2014; 12(1) 33-40

Growth prospects, market challenges and policy measures: evolution of mobile broadband in Pakistan

2018 ◽  
Vol 20 (1) ◽  
pp. 42-61 ◽  
Author(s):  
Muhammad Shehzad Hanif ◽  
Shao Yunfei ◽  
Muhammad Imran Hanif
Keyword(s):  
Developing Country ◽  
Service Providers ◽  
Supply And Demand ◽  
Economic Benefits ◽  
Content Type ◽  
Mobile Broadband ◽  
Broadband Service ◽  
Policy Measures ◽  
The Government

Purpose The paper aims to explore the long-term prospects of mobile broadband adoption in a developing country. The supply-side and demand-side policy measures are recommended to counter the challenges to broadband adoption. Design/methodology/approach Methodologically, this study uses document analysis to explain secondary data including growth statistics, trade literature and previous scholarly research. Based on the growth statistics of broadband and the informed market insights, the research discusses the prevailing market threats and recommends counter measures to improve the long-term prospects of broadband propagation. Findings The growth of mobile broadband is settling down in Pakistan due to various barriers like cost, literacy, security and unavailability of local content. Collaborative efforts are required by the government, the service providers and the people to enhance the adoption of broadband service and secure economic benefits of the broadband. Practical implications The research offers useful implications for managers and policymakers in Asian and African developing countries; the policy measures discussed here may serve as guidelines for them in the design of their own policies regarding broadband supply and demand. Originality/value The study makes an effort to examine the broadband growth in a developing country on the basis of both quantitative and qualitative aspects. The research endeavors to fill the gap on the particular scholarship of research covering potential uptake of broadband services and the effects of constraining elements to broadband adoption in a developing country.

Rent-seeking and firm value: Chinese evidence

2017 ◽  
Vol 20 (2) ◽  
pp. 239-272 ◽  
Author(s):  
Sihai Li ◽  
Huiying Wu ◽  
Xinfeng Jiang
Keyword(s):  
Firm Value ◽  
Production Efficiency ◽  
Corporate Philanthropy ◽  
Stock Exchange ◽  
Analytical Framework ◽  
Rent Seeking ◽  
Economic Benefits ◽  
Weak Institutions ◽  
Use Of Resources ◽  
The Government

AbstractWe examine whether engagement in rent-seeking improves firm value in China. Rent-seeking is defined as a firm's use of resources to establish a relationship with the government to obtain government-controlled resources. We incorporate political rents and associated costs into an analytical framework to examine the relationship between rent-seeking and firm value. Using a sample of non-state-owned firms listed on the Shenzhen Stock Exchange and the Shanghai Stock Exchange from 2007 to 2013, we find evidence of the presence of political rents in the form of government subsidies and evidence of associated costs in the forms of corporate philanthropy and excess management remuneration, which largely explains the insignificant relationship found between rent-seeking and firm value. Our further analysis shows that rent-seeking behavior of firms reduces production efficiency, providing additional evidence to support our thesis that engagement in rent-seeking does not enhance firm value in the Chinese context. In an economy with weak institutions, in particular with weak protection for shareholders, managers and politicians can become rent-seekers and take a considerable share of the economic benefits derived from rent-seeking.

scholarly journals Economic Perspectives on the Impact of Covid Vaccines

2021 ◽  
Vol 9 (2) ◽  
pp. 52-54
Author(s):  
A Sangamithra ◽  
S Thilagavathy
Keyword(s):  
Health Benefits ◽  
Well Being ◽  
Economic Benefits ◽  
Health Conditions ◽  
Governmental Organizations ◽  
Non Governmental Organizations ◽  
Private And Public ◽  
The Government ◽  
Economic Analyses ◽  
The Impact

Vaccination and the impact on health on the world’s people is very difficult to exaggerate. The main aim is to treat people with mental health issues and substance use of disorder. Vaccination is crucial in terms of ensuring the overall health conditions and well–being. The development of vaccines is an expensive and lengthy process. Depreciation is high and takes multiple candidates and long years to produce a licensed vaccine. The access to vaccines that prevent life-threatening infectious diseases remains not equal to all the population. The benefits of vaccination derive from health and economic benefits and the health benefits have diminishing returns as a result of high-risk individuals been vaccinated first. Economic benefits depend both on the health benefits and on how reduced risk of infection and death translates into a leading general economic activity. Department of Government is required to perform a systematic economic analyses of vaccines and to justify their given pressure on both private and public finances on a global level; provoke in the year 2008 financial crash. Mostly, the government supports charities and non-governmental organizations, where people invest in these, with the hope of improving the health conditions.

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