Happiness in BRICS

2020 ◽  
pp. 803-823
Author(s):  
Tadashi Hirai
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Emerging Economies ◽  
Well Being ◽  
The Past ◽  
Subjective Assessments ◽  
Good Living ◽  
Developed Nations ◽  
Similar Stage ◽  
Over Time

Happiness has gained prominence worldwide in assessing well-being. In this context, the investigation of happiness seems particularly relevant to BRICS not only because economic growth tends to be underscored at the risk of other important aspects of our living as with developed nations, but also because its impact on happiness would be represented more revealingly in its transition. As much as economic growth does not move together with happiness, it is essential to examine how happiness has been affected in the emerging economies. This chapter will as a result review the past publications on happiness in BRICS comprehensively and elicit some lessons. Although each country has unique features and determinants of happiness, some commonality will be found in the similar stage of economic development. More broadly, some convergence will be also found between the determinants of happiness over time (subjective assessments) and the requirements typically set for a good living (objective assessments).

Growth and Social Capital: Empirical Analysis of the Relationship

2019 ◽  
pp. 128-134
Author(s):  
Ksenia V. Bagmet
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Economic Development ◽  
Social Development ◽  
Empirical Analysis ◽  
Panel Data Analysis ◽  
Well Being ◽  
Developed Countries ◽  
International Institute ◽  
Level Of Economic Development

The article provides an empirical test of the hypothesis of the influence of the level of economic development of the country on the level of development of its social capital based on panel data analysis. In this study, the Indices of Social Development elaborated by the International Institute of Social Studies under World Bank support are used as an indicators of social capital development as they best meet the requirements for complexity (include six integrated indicators of Civic Activism, Clubs and Associations, Intergroup Cohesion, Interpersonal Safety and Trust, Gender Equality, Inclusion of Minorities), comprehensiveness of measurement, sustainability. In order to provide an empirical analysis, we built a panel that includes data for 20 countries divided into four groups according to the level of economic development. The first G7 countries (France, Germany, Italy, United Kingdom); the second group is the economically developed countries, EU members and Turkey, the third group is the new EU member states (Estonia, Latvia, Lithuania, Romania); to the fourth group – post-Soviet republics (Armenia, Georgia, Russian Federation, Ukraine). The analysis shows that the parameters of economic development of countries cannot be completely excluded from the determinants of social capital. Indicators show that the slowdown in economic growth leads to greater cohesion among people in communities, social control over the efficiency of distribution and use of funds, and enforcement of property rights. The level of tolerance to racial diversity and the likelihood of negative externalities will depend on the change in the rate of economic growth. Also, increasing the well-being of people will have a positive impact on the level of citizens’ personal safety, reducing the level of crime, increasing trust. Key words: social capital, economic growth, determinant, indice of social development.

scholarly journals Psychocapital and Shangri-Las: How happiness became both a means and end to governmentality

2013 ◽  
Vol 5 (1) ◽  
pp. 36-50 ◽  
Author(s):  
F. Mckay
Keyword(s):  
Economic Growth ◽  
Well Being ◽  
Subjective Well Being ◽  
The Past ◽  
Means And Ends ◽  
History Of ◽  
The Uk ◽  
Mental Well Being ◽  
Politics Of Happiness

In this paper a paradox is revealed in the politics of well-being over the means and ends of happiness. That paradox, in brief, is that although happiness is argued to be the ultimate end of all governmentality, in order to serve as that end, it first needs to be translated into a means for bolstering the economy, for only that way can a teleology of happiness gain a foothold in a world which prioritizes economic growth as an end in itself. To show this the paper gives a history of subjective well-being (SWB) research, and contrasts it with the politics of happiness in the UK, where SWB has in the past decade been translated into a discourse around the psychological wealth of the nation via the concepts of mental capital (MC) and mental well-being (MWB).

scholarly journals Study on the Prevention and Controlling of Dissimilation of Social Functions of Commercial Banks Based on the Fulfillment of Social Responsibility of Chinese Commercial Banks

2020 ◽  
Vol 1 (2) ◽  
Author(s):  
Zhuobi Luo
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Commercial Banks ◽  
Well Being ◽  
Great Contribution ◽  
Social Functions ◽  
The People ◽  
The Social ◽  
The World ◽  
Socio Economic Development

The dissimilation of the social functions of commercial banks is a phenomenon that the function of commercial banks deviates from the economic development and the people's livelihood. Such phenomenon, which can be seen all over the world, impedes the socio-economic development and affects the well-being of the people to some degree. After investigating and analyzing the dissimilation of the social functions of Chinese commercial banks, it was found that their social functions play a significant role, and the booming development of these banks has made great contribution to the economic growth and improved people's livelihood in China. China should also have special experience in preventing and handling this dissimilation.

Time and Uncertainty in Elizabeth Bishop's Poems

KronoScope ◽  
2003 ◽  
Vol 3 (2) ◽  
pp. 199-215
Author(s):  
Ann Marie Bush
Keyword(s):  
Linear Time ◽  
Well Being ◽  
Forward Movement ◽  
Positive Feeling ◽  
The Past ◽  
Sense Of Security ◽  
Sense Of Time ◽  
Over Time

AbstractBishop's poems often link the sense of time to specific emotional tones and levels of awareness of varying degrees. In particular, the poems demonstrate not only the forward movement of linear time, but also the merger of present and past to brighten feelings of loss and to provide a sense of security that counters feelings of uncertainty common in a world where change occurs over time. Feelings of anxiety over loss and uncertainty reside in the poems, but at the same time, a positive feeling of well-being (outright joy or peace and solace) surfaces as the speaker intertwines comforting pleasant past moments with her anxious present, making the past and present indistinguishable and creating an unclear sense of time.

Conclusion

2019 ◽  
pp. 213-216
Author(s):  
Paul Robinson
Keyword(s):  
Economic Development ◽  
National Identity ◽  
Social Life ◽  
Social Stability ◽  
Abstract Theory ◽  
The Past ◽  
Over Time

This concluding chapter argues that Russian conservatism is a response to the pressures of modernization and Westernization and, more recently, globalization. For the past two centuries, conservatives have sought to adapt to these pressures while preserving national identity and political and social stability. Although the specific policies being proposed have changed over time, conservatism's approach to change has remained consistent. In this way, Russian conservatism today evinces a clear continuity with Russian conservatism of the past. In particular, Russian conservatives have continually proposed forms of cultural, political, and economic development that are seen as building on existing traditions, identity, and forms of government and economic and social life, rather than being imposed on the basis of abstract theory and foreign models.

scholarly journals Can Reducing Income Inequality Decouple Economic Growth from CO2 Emissions?

2018 ◽  
Vol 4 ◽  
pp. 237802311877271 ◽  
Author(s):  
Julius Alexander McGee ◽  
Patrick Trent Greiner
Keyword(s):  
Economic Growth ◽  
Income Inequality ◽  
National Income ◽  
Recent Period ◽  
The Past ◽  
Socioeconomic Drivers ◽  
Advance Research ◽  
Developed Nations ◽  
The Relationship ◽  
Distribution Of Income

In the past two decades, income inequality has steadily increased in most developed nations. During this same period, the growth rate of CO2 emissions has declined in many developed nations, cumulating to a recent period of decoupling between economic growth and CO2 emissions. The aim of the present study is to advance research on socioeconomic drivers of CO2 emissions by assessing how the distribution of income affects the relationship between economic growth and CO2 emissions. The authors find that from 1985 to 2011, rising income inequality leads to a tighter coupling between economic growth and CO2 emissions in developed nations. Additionally, the authors find that increases in the top 20 percent of income earners’ share of national income have resulted in a larger association between economic growth and CO2 emissions, while increases in the bottom 20 percent of income earners’ share of national income reduced the association between economic growth and CO2 emissions.

scholarly journals Financial strategy in the conditions of economic transformations

2021 ◽  
pp. 190-196
Author(s):  
Iryna Adamenko
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Financial System ◽  
Well Being ◽  
Economic Transformation ◽  
Financial Strategy ◽  
Economic Transformations ◽  
Social And Economic Development ◽  
The Impact

Relevance of the research topic. In the conditions of economic transformations the financial strategy acts as the important economic lever of influence of public administration bodies on social and economic development of the country. The assessment of the mechanism of financial regulation in Ukraine indicates the need to develop the components of the financial system in conjunction with the transformational economic processes and the development of a sound financial strategy in accordance with the goals and objectives of social development. Formulation of the problem. The importance of developing a financial strategy in the context of economic transformation is due to the need to take into account the impact of internal and external challenges in the financial and economic environment, economic fluctuations due to the spread of the coronavirus pandemic. At the same time, the choice of financial strategy tools should be made taking into account the level of economic development of the country. Analysis of recent research and publications. The issue of developing a financial strategy is quite common in research. These are the works of famous domestic and foreign scientists: J. Keynes, P. Samuelson, J. Stiglitz, W. Tanzi, S. Kucherenko, L. Lysyak, L. Levaeva, I. Lukyanenko, V. Makohon, M. Pasichny, I. Chugunov and others. Selection of unexplored parts of the general problem. The above issues are relevant in connection with the deepening of economic transformation, the adverse impact of the Crown virus pandemic on the financial sector, which requires a number of specific tasks related to the development of financial strategy. Problem statement, research goals. The objectives of the study are: to reveal the role of financial strategy in the regulation of socio-economic processes, to substantiate the peculiarities of the development of the components of the financial system. The purpose of the study is to reveal the directions of financial strategy in the context of economic transformation. Method or methodology of the study. The article uses a set of research methods: a systematic approach, statistical analysis, structuring, analysis, synthesis, etc. Presentation of the main material (results of work). The role of financial strategy in the regulation of socio-economic processes is revealed, the peculiarities of formation and implementation of financial strategy are substantiated. The directions of financial strategy in the conditions of economic transformations are substantiated. Field of application of results. The results of the study can be used in the process of formation and implementation of financial policy of Ukraine, reforming the domestic financial system and its components. Conclusions in accordance with the article. The qualitative level of formation and implementation of financial strategy is determined by the system of financial institutions, the state of their development in a particular country aimed at ensuring economic growth and welfare of citizens. The functional purpose of financial strategy is the result of the evolution of the role and importance of state functions in socio-economic development. Depending on the dynamics of socio-economic processes, the tasks of the financial strategy and the tools for its implementation should be adjusted. The financial strategy in the conditions of economic transformations should be directed on formation of long-term potential of economic growth and increase of well-being of the population taking into account demographic tendencies and indicators of the macroeconomic forecast of social and economic development of the country.

scholarly journals Perspectives Measuring more than just economic growth to improve well-being

2020 ◽  
Author(s):  
Shaun Danielli ◽  
Patrice Donnelly ◽  
Tom Coffey ◽  
Schellion Horn ◽  
Hutan Ashrafian ◽  
...  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Gross Domestic Product ◽  
Well Being ◽  
Good Health ◽  
Domestic Product ◽  
Economic Prosperity ◽  
Sustainable Economic Development ◽  
The Uk ◽  
Health And Well Being

Abstract It’s official: The UK is in a recession. The economy has suffered its biggest slump on record with a drop in gross domestic product (GDP) of 20.4%. 1 This is going to have a significant impact on our health and well-being. It risks creating a spiralling decay as we know good health is not only a consequence, but also a condition for sustained and sustainable economic development. 2 In this way, the health of a nation creates a virtuous circle of improved health and improved economic prosperity. How we measure prosperity is therefore important and needs to be considered.

scholarly journals Social capital, economic growth and well-being

2012 ◽  
Author(s):  
Francesco Sarracino
Keyword(s):  
Economic Growth ◽  
Social Capital ◽  
Social Comparisons ◽  
Well Being ◽  
Subjective Well Being ◽  
Long Run ◽  
The Social ◽  
The Relationship ◽  
Over Time

In the long run economic growth does not improve people's well-being. Traditional theories – adaptation and social comparisons – explain this evidence, but they don't explain what shapes the trend of subjective well-being and its differences across countries. Recent research identified in social capital a plausible candidate to explain the trends of well-being. This dissertation adopts various econometric techniques to explore the relationship over time among social capital, economic growth and subjective well-being. The main conclusion is that social capital is a good predictor of the trend of subjective well-being, both within and across countries. Hence, policies for well-being should aim at preserving and enhancing social capital for the quality of the social environment matters.

scholarly journals Sustainable Development and the United Nations Dialogues

2020 ◽  
Vol 9 (1) ◽  
Author(s):  
Sophie Riley
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Economic Development ◽  
Value Systems ◽  
New Era ◽  
The Past ◽  
Law And Policy ◽  
The Earth ◽  
Commodification Of Nature

The Earth Summit (1992) heralded what was anticipated to be a new era in environmental regulation with the advent of sustainable development. The concept was based on integrating environmental protection with economic development, supported by specific objectives, such as protection of biodiversity and achievement of intergenerational equity. By the early part of the 21st-century it was apparent that sustainable development had become equated with continuous economic growth, human domination and commodification of nature. This article argues that shortcomings in sustainable development, apparent over the past 25 years, are partly due to the concept’s initial formulation and also attributable to the way the concept has been interpreted and implemented. This validates calls for reconfiguring society’s value systems by better integrating law and policy with Earth-centric principles. The discussion argues that this involves more than tinkering with the key tenets of sustainable development, instead of necessitating their reconceptualisation in accordance with philosophies of Earth jurisprudence.

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