Tunisia's risk of default will rise

2021 ◽  
Keyword(s):  
Informal Economy ◽  
Health Crisis ◽  
Social Unrest ◽  
Content Type ◽  
The Social

Significance The social unrest is partly the result of rising unemployment and poverty, worsened by the COVID-19 crisis. Political gridlock has also prevented the country from undertaking difficult reforms. Impacts Unemployment is likely to stay high, and until the informal economy can resume it will remain a cause of unrest. The release of multiple vaccines should lift some pressure from the health crisis before the end of 2021. The presidency and parliament need to solve the current gridlock in order to implement reforms in due course.

Chile retail will struggle as COVID-19 hastens change

2020 ◽  
Keyword(s):  
Real Estate ◽  
Business Model ◽  
Domestic Demand ◽  
Retail Sector ◽  
Shopping Malls ◽  
Social Unrest ◽  
Content Type ◽  
The Social ◽  
Consumer Habits ◽  
Real Estate Assets

Significance Chile’s retail sector is reeling from the successive impacts of the social unrest that erupted in late 2019 and, since March, the COVID-19 pandemic, which has also affected the operations of its larger players in other countries. Even before these two events, the industry was struggling to adapt its business model to changing consumer habits. Impacts Even if domestic demand increases by 7.7% in 2021, as the Central Bank anticipates, it will remain well below its level in mid-2019. Retail is among the sectors where most jobs have been lost during the pandemic, affecting women in particular. Shopping malls may emerge as especially vulnerable to a likely reduction in the return on retail real estate assets.

India's tryst with Modi-fare 2014–19: towards a universalistic welfare regime

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Keerty Nakray
Keyword(s):  
Informal Economy ◽  
Welfare States ◽  
Welfare Regime ◽  
Welfare Regimes ◽  
Content Type ◽  
Ideal Types ◽  
Critical Junctures ◽  
Advanced Economies ◽  
The Social ◽  
Political Weapon

PurposeThis paper examines India’s tryst with welfare/dis-fare with a specific focus on Modi Sarkar's (2014–2019) dirigiste style reforms. In the welfare regime research, Esping-Andersen (1990) classified advanced economies into three ideal-types of liberal, conservative-corporatist and social-democratic welfare states by government-led welfare provisions and levels of decommodification. The classical typology discussions include countries such as India which is classified as informal-insecurity regime due to a large informal economy with no social security for workers. Based on theoretical standpoints of the political economy of welfare states, comparative historical institutionalism and critical junctures this article examines Modifare has expanded formal welfare to its citizens.Design/methodology/approachThe article uses crisp-set analysis to examine the social policy developments under Modi's regime in India.FindingsThis paper examines if the centre-right Modi government did bring about a radical departure from UPA I and II lacklustre welfare approach to the more strategic use of welfare reforms as a political weapon on a national scale. It concludes that Modi-fare falls short in being transformatory.Originality/valueThe article is an original contribution to the field of comparative welfare regimes.

scholarly journals Open social innovation for surplus food recovery and aid during COVID-19 crisis: the case of Fondazione Banco Alimentare Onlus

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lara Penco ◽  
Andrea Ciacci ◽  
Clara Benevolo ◽  
Teresina Torre
Keyword(s):  
Business Models ◽  
Social Innovation ◽  
Single Case ◽  
Single Case Study ◽  
Food Bank ◽  
Health Crisis ◽  
Content Type ◽  
Social Mission ◽  
The Social

PurposeThe study analyses the role that open social innovation (OSI) perspective played for Fondazione Banco Alimentare Onlus (FBAO), a food bank in Italy, in responding to the COVID-19 crisis. It answers the following research question: how does a crisis, such as the COVID-19 pandemic, stimulate the adoption of OSI practices to revamp the activities of FBAO and facilitate appropriate solutions to carry out its social mission?Design/methodology/approachThis study employs a qualitative approach. It is based on a single case study.FindingsThe study shows how COVID-19 has stimulated the adoption of OSI practices to continue to meet the social mission, creating innovative projects or finding new ways to do the same things.Research limitations/implicationsThe study is based on a single case study.Practical implicationsThe paper contributes insights into the literature on OSI, examining how inbound and outbound OSI mechanisms can modify business models and increase the adaptation capacity of food banks and their effectiveness. In addition, it provides a rich context in which the social value drivers provided by OSI are studied.Originality/valueThis paper applies the OSI to a food bank to evaluate what this action mode produces for the food bank during a health crisis. Specifically, this is the first paper that studies the COVID-19 crisis response of a food bank from the OSI perspective, focusing on the inbound and outbound OSI processes that characterized the entire network of relationships.

Chinese hedonic values and the Chinese classical virtues: managing the tension

2011 ◽  
Vol 30 (7/8) ◽  
pp. 709-723 ◽  
Author(s):  
Mike Thompson
Keyword(s):  
Design Methodology ◽  
Management Education ◽  
Urban Society ◽  
Cultural Norms ◽  
Social Unrest ◽  
Content Type ◽  
The Social ◽  
Profit Maximisation ◽  
Practical Implications ◽  
Market Economics

PurposeThe purpose of this paper is to explore the extent to which Chinese classical virtues act as a restraint on consumerist hedonic values and the associated priority on profit maximisation by managers.Design/methodology/approachThe paper is based on a literature review and adopts a reflective approach to the topic.FindingsThe paper considers how Chinese classical virtues are related to contemporary relational or indigenous values and how a social tension is created between these values and the hedonic values now present in Chinese urban society. Implications for management and management education are reviewed in the light of this tension.Practical implicationsThe social unrest created by the privatisation of SOEs can be mitigated by the promotion of management education sensitised to the cultural norms and expectations of the Chinese people in relation to the role and responsibilities of managers. The Junzi (gentleman‐leader) archetype and the virtues of ren‐yi‐li are offered as exemplary features of a management seeking to balance social responsibility with profitability.Originality/valueThe paper highlights the social turbulence created by the advent of market economics in China and the concomitant rise of consumerism and the privatisation of state‐owned enterprises.

Some risks of informal business in Russia – a case study from Saint Petersburg

2018 ◽  
Vol 38 (9/10) ◽  
pp. 823-836 ◽  
Author(s):  
Simo Mannila ◽  
Galina Eremicheva
Keyword(s):  
Informal Economy ◽  
Social Research ◽  
Economic Transformation ◽  
Content Type ◽  
Social Facts ◽  
The Social ◽  
Level Information ◽  
Risk Takers ◽  
And Coping ◽  
Sensitive Issues

Purpose The purpose of this paper is to describe some risks and risk-taking when launching and running business in Russia during the socio-economic transformation. The risks are related to informal economy. Design/methodology/approach The research material consists of 11 thematic interviews of families, who launched and ran a business during the turn of the millennium and follow-up interviews. The interviews were extracted from a larger material of 100 interviews and 40 follow-ups focusing on household coping in Russian socio-economic transformation. Findings The paper focusses on risky shuttle trade as well as crime-related risks of business, as poignant illustrations of problems of entrepreneurship linked with informal economy. The risks are seen as social facts, objective or constructed, in some cases pointing out also how people speak about them. The testimonial stories of business show an individual or family focus on the risks, without major concern for legitimacy of action, albeit a need for distinction toward other corresponding risk-takers. Research limitations/implications The findings illustrate important aspects of informal economy in Russia, but they cannot be generalized. It would be most useful to carry out qualitative studies of small business to assess perception and construction of risks and coping with them, capturing the views of entrepreneurs themselves. Originality/value There is rather little micro-level information concerning the risks or uncertainty when launching and running business in the Russian Federation. Qualitative data enable deeper understanding of sensitive issues. The paper wants to introduce the concept of risk into the social research of informal economy.

scholarly journals Internal crisis communication and the social construction of emotion: university leaders' sensegiving discourse during the COVID-19 pandemic

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Liz Yeomans ◽  
Sarah Bowman
Keyword(s):  
Social Construction ◽  
Crisis Communication ◽  
Meaning Making ◽  
Internal Communication ◽  
Social Constructionist ◽  
Health Crisis ◽  
Content Type ◽  
The Social ◽  
Temporal Dimensions ◽  
University Leaders

PurposeThe paper explores university leaders' employee-focused sensegiving discourse during the COVID-19 health crisis. The aim is to reveal how leadership sensegiving narratives construct emotion in the rhetor-audience relationship.Design/methodology/approachA social constructionist, sensemaking approach centres on the meaning-making discourse of university leaders. Using rhetorical discourse analysis (RDA), the study analysed 67 emails sent to staff during a three-month period at the start of the global pandemic. RDA helps to reveal how university leaders help employees make sense of changing realities.FindingsThree core narratives: organisational competence and resilience; empathy, reassurance and recognition; and community and location reveal a multi-layered understanding of leadership sensegiving discourse in which emotion intersects with material and temporal sensemaking dimensions. In supporting a process of organisational identification and belonging, these core narratives help to mitigate audience dissonance driven by the antenarrative of uncertainty.Research limitations/implicationsAn interpretivist approach was used to analyse qualitative data from two UK universities. While focused on internal communication, the employee perspective was not examined. Nevertheless, this paper extends the human dimension of internal crisis communication, building on constructionist approaches that are concerned with emotion and sensegiving.Originality/valueThis paper expands the domain of internal crisis communication. It integrates the social construction of emotion and sensemaking with the underexplored material and temporal dimensions in internal crisis communication and applies RDA.

Coronavirus: Towards controlling of the pandemic - Indian scenario

2020 ◽  
Vol 11 (SPL1) ◽  
pp. 462-468
Author(s):  
Latika kothari ◽  
Sanskruti Wadatkar ◽  
Roshni Taori ◽  
Pavan Bajaj ◽  
Diksha Agrawal
Keyword(s):  
Control Measures ◽  
The Novel ◽  
Medical Treatments ◽  
Health Crisis ◽  
The Public ◽  
Infection Control Measures ◽  
The Social ◽  
Asking Questions ◽  
The Government ◽  
Novel Coronavirus

Coronavirus disease 2019 (COVID-19) is a communicable infection caused by the novel coronavirus resulting in severe acute respiratory syndrome coronavirus 2 (SARS-CoV). It was recognized to be a health crisis for the general population of international concern on 30th January 2020 and conceded as a pandemic on 11th March 2020. India is taking various measures to fight this invisible enemy by adopting different strategies and policies. To stop the COVID-19 from spreading, the Home Affairs Ministry and the health ministry, of India, has issued the nCoV 19 guidelines on travel. Screening for COVID-19 by asking questions about any symptoms, recent travel history, and exposure. India has been trying to get testing kits available. The government of India has enforced various laws like the social distancing, Janata curfew, strict lockdowns, screening door to door to control the spread of novel coronavirus. In this pandemic, innovative medical treatments are being explored, and a proper vaccine is being hunted to deal with the situation. Infection control measures are necessary to prevent the virus from further spreading and to help control the current situation. Thus, this review illustrates and explains the criteria provided by the government of India to the awareness of the public to prevent the spread of COVID-19.

scholarly journals Explaining the informal economy in Western Europe: beyond a rational economic actor perspective

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Colin Williams ◽  
Gamze Oz-Yalaman
Keyword(s):  
Informal Economy ◽  
Western Europe ◽  
Alternative Theory ◽  
Probit Regression ◽  
Content Type ◽  
Social Actors ◽  
The United Kingdom ◽  
Economic Actor ◽  
Expected Benefits ◽  
Practical Implications

PurposeThe dominant theorisation of the informal economy views participants as rational economic actors operating in the informal economy when the expected benefits exceed the perceived costs of being caught and punished. Recently, an alternative theory has emerged which views participants as social actors operating in the informal economy due to their lack of vertical trust (in governments) and horizontal trust (in others). The aim of this paper is to evaluate these competing theorisations.Design/methodology/approachTo do so, data are reported from special Eurobarometer surveys conducted in 2007, 2013 and 2019 in eight West European countries (Austria, Belgium, France, Germany, Ireland, Luxembourg, the Netherlands and the United Kingdom).FindingsUsing probit regression analysis, the finding is that increasing the expected likelihood of being caught and level of punishment had a weak significant impact on the likelihood of participating in the informal economy in 2007, and there was no significant impact in 2013 and 2019. However, greater vertical and horizontal trust is significantly associated with a lower level of participation in the informal economy in all three time periods.Practical implicationsThe outcome is a call for a policy to shift away from increasing the expected level of punishment and likelihood of being caught, and towards improving vertical and horizontal trust. How this can be achieved is explored.Originality/valueEvidence is provided in a Western European context to support a shift away from a rational economic actor to a social actor approach when explaining and tackling the informal economy.

The path of support-to-sales: mediating role of seller collaborative information exchange in social commerce

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Li Chen ◽  
Fengxia Zhu ◽  
Murali Mantrala
Keyword(s):  
Information Exchange ◽  
Instrumental Support ◽  
Trade Volume ◽  
Social Commerce ◽  
Content Type ◽  
Mediating Role ◽  
The Social ◽  
Source Data ◽  
Negative Effect

Purpose This paper aims to systematically investigate the direct and indirect effects of four types of support – peer instrumental support, peer emotional support, platform business support and platform communication support – on seller trade volume in social commerce. It also aims to uncover the path of support-to-sales of the seller from a platform perspective and provides a more complete picture of the social commerce phenomenon. Design/methodology/approach This paper uses multi-source data including primary survey data and secondary data on trade volume to test the hypotheses. PROCESS mediation model is used to analyze the multi-source data set. Findings This study finds that the positive effects of peer instrumental support, platform business support and platform communication support on seller trade volume are fully mediated by seller collaborative information exchange. Also, peer emotional support has a significant negative effect on seller trade volume and collaborative information exchange can serve as a buffer to mitigate the negative effect. Research limitations/implications The authors provide new insights into what types of support are or are not conducive to improving transaction volume of individual sellers and highlight the mediating role of seller information exchange in this value generation process in social commerce. These findings advance current knowledge of how seller interactions increase value in social commerce. The chosen research setting may limit the generalizability of the findings of this study. Practical implications This paper offers valuable implications for social commerce platforms on how to better serve their sellers to achieve high growth. Specifically, the findings suggest that platforms should encourage instrumental support and information exchange among peer sellers. In addition, platforms should expand seller support from a single-focus on sellers’ business to a dual-focus on both sellers’ business and socialization in social commerce. Originality/value This paper fulfills an identified need to study how sellers can better derive value from the social interactions and how social commerce platforms can effectively influence transactions, support sales and serve as a selling platform.

scholarly journals The Social Unrest of the Soldier

1921 ◽  
Vol 31 (3) ◽  
pp. 279-288
Author(s):  
Ralph M. Eaton
Keyword(s):  
Social Unrest ◽  
The Social
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