Belarus unrest puts IT sector at risk

2020 ◽  
Keyword(s):  
At Risk ◽  
Service Sector ◽  
Foreign Currency ◽  
It Outsourcing ◽  
Civic Action ◽  
Baltic States ◽  
Content Type ◽  
Operational Risks ◽  
The Government ◽  
The Baltic

Significance The IT sector has been an unmitigated success in recent years and formerly coexisted with the government, but internet shutdowns raised operational risks, and the industry's staff have become progressively involved in civic action. Impacts IT outsourcing is an important source of foreign currency revenues, which may now decline. Neighbouring Ukraine, Poland and the Baltic states are set to benefit if IT companies move out of Belarus. The Belarusian service sector would suffer from a mass exodus of skilled and well-paid IT workers.

Alpine Trekkers and Tours: economic condition and its impacts on tourism industry of Pakistan

2019 ◽  
Vol 9 (2) ◽  
pp. 1-14
Author(s):  
Syed Shaan Abbas ◽  
Muhammad Akhtar
Keyword(s):  
Learning Outcomes ◽  
Service Sector ◽  
Foreign Currency ◽  
Tourism Industry ◽  
Marketing Strategies ◽  
Content Type ◽  
Academic Level ◽  
The Government ◽  
The Masses ◽  
Trained Manpower

Learning outcomes The paper has the following learning outcomes: to understand the historical and geographical aspect of Pakistan vis-à-vis other countries of South East Asia and the world; to be able to understand the different marketing strategies of the tourism company; to gather the knowledge of many unknown facts which remain out of sight and hardly surface; to boost economy if its facts and figures are given due weight age and followed with true letter and spirit; and to give a big boost to an industry which remains mostly dormant for many decades. The ratio analysis of service sector is explained. How finances can be arranged in shortest time and generates profitability for the company is also discussed. Case overview/synopsis The study provides an overview on the following topics: lack of interest by the Government in promotion; training of tour operators and guide; and managing the expected income from this industry. This study makes the masses aware that how much potential exist in the field of tourism in Pakistan. How the tour operators find huge potential in all segments of tourism and how the big force of trained manpower can be formed and creates employment. Service sector mostly run on equity finances because of lack of collateral, how efficiently they manage the finance for the business year. It gives details of extensive marketing strategy, the huge profit margin in foreign currency and cost volume profit systems of tourism companies. Complexity academic level BBA, MBA and MS. Supplementary materials Teaching Notes are available for educators only. Please contact your library to gain login details or email [email protected] to request teaching notes. Subject code CSS 1: Accounting and Finance.

scholarly journals Economic crisis in the Baltic states : Focusing on Latvia

2010 ◽  
Vol 55 (186) ◽  
pp. 89-114 ◽  
Author(s):  
Yoji Koyama
Keyword(s):  
Economic Crisis ◽  
Foreign Currency ◽  
Baltic States ◽  
Eu Member States ◽  
Market Shares ◽  
The Government ◽  
Set Up ◽  
Maastricht Criteria ◽  
The Baltic ◽  
The Uk

This paper examines the causes of the economic crisis in new EU member states in Central and Eastern Europe, focusing on the Baltic States, especially Latvia. Thanks to the Single Market of the EU, workers in this country became able to migrate to advanced EU countries, especially the UK, decreasing the unemployment rate and at the same time causing a sharp increase in wages due to a tightened labour market. Banks from Nordic countries came to operate in Latvia and competed for market shares, stirring a consumption boom. In a situation in which people can easily get loans denominated in a foreign currency the monetary policies of the central bank are weakened. The Latvian economy already showed signs of overheating in 2005. However in the spring of 2007 the government turned to restrictive policies, causing a depression at the end of 2007. The Lehman shock dealt the Latvian economy its final blow. Latvia set up the introduction of the Euro in 2013 as an exit strategy. Latvia is in a dilemma: if the country does not devalue its national currency and tries to satisfy the Maastricht criteria soon, it will be obliged to adopt pro-cyclical policies, causing economic stagnation.

Sonko protests will embolden Senegal’s opposition

2021 ◽  
Keyword(s):  
At Risk ◽  
Content Type ◽  
Targeted Attacks ◽  
The Government ◽  
Public Disorder ◽  
Unemployed Youth ◽  
Roll Out

Significance He had been arrested for disrupting public disorder and attending an illegal demonstration after protests erupted as he responded to a court summons concerning rape allegations. His arrest and detention has triggered wider unrest and a public backlash against President Macky Sall and his government. Impacts Sall will increase budgetary spending to try to appease the growing numbers of unemployed youth. Deep public mistrust of the government could hamper COVID-19 vaccine roll-out. With anti-French sentiment increasing, French businesses will be at risk of further targeted attacks during protests.

scholarly journals Operational risks and coping strategies of micro-enterprise in peer-to-peer accommodation service sector: evidences from China

2020 ◽  
Vol 120 (9) ◽  
pp. 1759-1775
Author(s):  
Wanfei Wang ◽  
Chengcheng Su ◽  
Jin Hooi Chan ◽  
Xiaoguang Qi
Keyword(s):  
Coping Strategies ◽  
Service Sector ◽  
Sharing Economy ◽  
Peer To Peer ◽  
Structured Interviews ◽  
Chinese Market ◽  
Content Type ◽  
Operational Risks ◽  
Accommodation Sector ◽  
And Coping

PurposeFocusing on the supply side of peer-to-peer (P2P) accommodation service sector, this study identifies the emerging types of micro-enterprise operators in the growing Chinese market, and investigate their respective operational risks and coping strategies.Design/methodology/approachA qualitative study was adopted to explore the micro-enterprise in peer-to-peer accommodation in China. Twenty semi-structured interviews were conducted to explore the operators' behaviors in the service sector.FindingsBased on the types of property ownership and forms of interaction, four groups of operators were identified, i.e. hospitable sharers, remote sharers, roommates and butlers. This study uncovers their operational risk factors (safety, cost, legal and social, psychological) and respective coping strategies.Originality/valueMost prior studies on P2P accommodation sector are conducted from the demand side about customer behaviors. This study not only enhances the understanding of the hosts in the sharing economy by developing a novel typology of operators, but also provides insights into the operational behaviors on an individual operator perspective.

Russia will increase covert Baltic interference

2015 ◽  
Keyword(s):  
Natural Gas ◽  
Liquefied Natural Gas ◽  
Lightning Strike ◽  
Baltic States ◽  
Content Type ◽  
The Past ◽  
The Baltic ◽  
Military Exercise

Significance In line with such concerns, Estonia held a large military exercise, Hedgehog, on May 4-15, involving 13,000 troops. On May 6, Lithuania launched Lightning Strike, a military exercise involving 3,000 troops in a simulated defence of the country's new liquefied natural gas (LNG) terminal at Klaipeda. In December, Latvia said Russian submarines had approached its maritime borders more than 50 times in the past year. However, Russia's more overt activities also pose a major risk to the Baltics. Impacts Russian intelligence will continue to target not just Baltic secrets but, through them, NATO and EU ones. Russian operations will aim to create division by playing on discontent within sizeable ethnic Russian minorities who feel marginalised. NATO will increase the rate and size of Baltic drills to reassure the Baltic states.

NATO Baltic exercises will prompt risky behaviour

2016 ◽  
Keyword(s):  
Baltic Sea ◽  
Baltic States ◽  
Medium Term ◽  
The Baltic Sea ◽  
Risky Behaviour ◽  
Content Type ◽  
Us Military ◽  
Military Presence ◽  
Security Challenges ◽  
The Baltic

Significance BALTOPS 16 will be the largest NATO maritime exercise in the Baltic Sea in recent years. The exercise is also held mere weeks before NATO's July 8-9 summit in Warsaw, and therefore serves as a tangible prelude to the alliance's intent to address renewed Russian security challenges in the region. Impacts Improvements in Western missile defence systems will make it more difficult politically to undergo arms control cooperation with Moscow. Poland's military modernisation programme will boost its ability to be a security partner of the Baltic states. Washington is unlikely to approve a permanent US military presence in the Baltic states in the near-to-medium term.

Service sector creates jobs and problems for China

2018 ◽  
Keyword(s):  
Rural Women ◽  
Rural Areas ◽  
Service Sector ◽  
The Elderly ◽  
Chinese Government ◽  
Content Type ◽  
Gig Economy ◽  
Unemployment Data ◽  
The Government ◽  
To Come

Subject New unemployment data methodology. Significance China’s urban unemployment rate averaged just under 5% during the first half of 2018, according to new official statistics. The government claims that a new methodology adopted to produce them gauges the level of joblessness better than the previous, largely useless, figures. However, the new data still do not reveal the whole picture: they exclude workers in rural areas (nearly half the workforce) and mask instability in the urban job market. Impacts The growing number of workers in the gig economy will stage strikes and protests in order to improve their pay and working conditions. Rural women, the elderly, disabled and poorly educated workers in particular will struggle to find secure employment. Imbalances in the employment market will remain a serious challenge for the Chinese government for many years to come.

Azerbaijan policies may lack agility needed for crises

2020 ◽  
Keyword(s):  
Banking Sector ◽  
Foreign Currency ◽  
Shadow Economy ◽  
Oil Price ◽  
National Currency ◽  
Content Type ◽  
Welfare Spending ◽  
Political Responses ◽  
The Government ◽  
The Cost

Subject Oil and COVID-19 shocks in Azerbaijan. Significance The COVID-19 pandemic and oil price collapse present a dual challenge to the government, whose economic or political responses are likely to mirror its behaviour in past crises. Despite reasonable fiscal strength, there are policy risks in areas such as defending the national currency at the cost of depleting foreign currency reserves. Impacts Demands for healthcare and welfare spending will rise, as will unemployment. The banking sector looks vulnerable: four major banks are already in temporary administration. The size of the shadow economy makes it difficult to assess numbers of lay-offs and the resulting demand for welfare assistance.

Zimbabwe economic crisis may escalate further

2019 ◽  
Keyword(s):  
At Risk ◽  
Public Relations ◽  
Economic Crisis ◽  
Foreign Currency ◽  
Fiscal Deficit ◽  
Content Type ◽  
International Public Relations ◽  
The Us ◽  
Funding Programme ◽  
Us Dollar

Significance Since the abandonment of the multi-currency regime in June, the new Zimbabwe dollar has lost almost 60% of its value relative to the US dollar. The parallel market for foreign currency has re-emerged, forcing the authorities to adopt increasingly draconian measures to enforce the use of the new currency. Meanwhile, more than half of Zimbabweans are at risk of being food insecure. Impacts Despite hiring several international public relations firms, Harare will continue to suffer reputationally amid a renewed crackdown. As the authorities attempt to support the Zimbabwe dollar and re-balance the fiscal deficit, further austerity measures are likely. While Harare hopes austerity measures will help regain IMF confidence, a new funding programme in early 2020 is now unlikely.

International joint venture strategies and performance in the Baltic States

2015 ◽  
Vol 10 (1) ◽  
pp. 52-72 ◽  
Author(s):  
Jorma Antero Larimo ◽  
Huu Le Nguyen
Keyword(s):  
Joint Venture ◽  
Foreign Direct Investments ◽  
Baltic States ◽  
Content Type ◽  
Cost Leadership ◽  
International Joint ◽  
And Performance ◽  
The Baltic ◽  
Ijv Performance ◽  
Finnish Firms

Purpose – The purpose of this paper is to analyse investment strategies and performance of Finnish firms in their international joint ventures (IJVs) established in Baltic States. Design/methodology/approach – The paper analyse performance of IJVs in Baltic States based on the IJV theory, international business literature, and foreign direct investments in Central and Eastern Europe (CEE) literature. The analysed factors include firm, investment, and inter-partner relationship-specific factors. To examine the propositions the paper used ten IJVs established by Finnish firms in various Baltic States between the period 1991 and 2005. Findings – The results show that the level of uncertainties in the countries and the differences between partners are not related to firms’ commitments and the entry mode choice. Several Finnish firms preferred cost leadership to compete with other firms in the local markets. In most cases there was a positive relationship between the level of partners’ equity share, commitment to the IJV, and the level of trust between partners. The results indicated differences in the IJV performance depending on parent firms’ objectives, their competitive strategies, mode of entry, age of IJVs, control strategies, level of trust, and commitment between partners, as well as depending on the performance measures used. Practical implications – This study suggests four observations that managers may need to take into consideration to improve IJV performance in the Baltic States. First, cost leadership strategy help to increase IJV performance in terms of sales. Second, social control mechanisms and narrow control leaded to better performance than formal and wide control. Third, minority ownership by Finnish firms in IJVs leaded to better performance based on sales, productivity and total performance whereas majority ownership had leaded to better performance in terms of total costs. Finally, the results confirmed that commitment to the IJV operation and trust on the other partner are very essential factors to IJV performance. Originality/value – The study is the first one to analyse in more detail based on several cases the IJV strategies and performance of Finnish firms in the Baltic States. The analysed factors include several such factors which have not been analysed related to IJV operations in Baltic States (some also limitedly in the CEE context).

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