Turkey's economic policy shift is not worth the risks

2021 ◽  
Keyword(s):  
Economic Policy ◽  
Interest Rate ◽  
United Arab Emirates ◽  
Government Policy ◽  
New Economic Policy ◽  
Content Type ◽  
Doing Business ◽  
High Inflation ◽  
Policy Shift

Significance The lira’s collapse has only fortified President Recep Tayyip Erdogan’s adherence to unorthodox low-interest-rate policies. Rather than changing course, Erdogan has publicly declared a “new economic policy”, stating more than once, “We know what we’re doing”. Impacts Not everyone will be compensated for inflation, and discontent will persist, along with the need for other ploys to win elections in 2023. High inflation and unpredictable government policy will add to the challenges of doing business. Ankara may continue to develop relations with countries able to provide funds and investment, such as Qatar and the United Arab Emirates.

Securities markets and protection of small investors in public shareholding companies of United Arab Emirates

2019 ◽  
Vol 11 (1) ◽  
pp. 73-80
Author(s):  
Nashat Jaradt
Keyword(s):  
United Arab Emirates ◽  
Best Practice ◽  
Stock Exchange ◽  
Securities Markets ◽  
Legal Cases ◽  
Content Type ◽  
Roles And Responsibilities ◽  
Doing Business ◽  
Small Investors ◽  
The Subject

Purpose The purpose of this paper is to review the laws in relation to the role of the securities markets in protecting small investors and examine legal cases that have recently been observed in this area. Design/methodology/approach A research-based qualitative analysis was undertaken to determine the governing authorities on the subject of international trade contracts globally. Various internet searches were conducted and information was collected to represent the subject at large and to the best and most current understanding. The information was assessed in its joined context to prepare recommendations for best practice. Findings In the United Arab Emirates (UAE), the rights of small investors in public shareholding companies are protected through many different legal stipulations that all must adhere to in order to offer stock. Through an examination of the laws of the UAE in relation to securities markets’ roles and responsibilities, a clear picture of protection is created that ensures small investors’ risks are minimized. In this regard, the UAE has implemented additional regulations in comparison to any other country as evident through the Doing Business Report (2014). Research limitations/implications The review of available documents is limited to UAE and hence cannot be generalized into a broader context. Originality/value This paper work contributes the research about the existing conditions of securities markets of protected small investor in UAE stock exchange market as serious as that of protecting the national economy.

Nigeria’s 2020 budget plans could prove impossible

2019 ◽  
Keyword(s):  
Interest Rate ◽  
World Bank ◽  
Growth Potential ◽  
High Interest Rate ◽  
Content Type ◽  
National Assembly ◽  
Doing Business ◽  
Deficit Financing ◽  
Rate Environment ◽  
Ease Of Doing Business

Subject Nigeria's 2020 budget. Significance President Muhammadu Buhari on October 8 proposed a 10.3-trillion-naira (28.4-billion-dollar) budget for 2020. The budget plans to increase spending on much-needed infrastructure, while deficit financing trends also look set to continue with a proposed 2.18-trillion-naira deficit. However, the proposed budget is plagued by the same challenges that have crippled previous Buhari plans, namely overly optimistic revenue expectations. Impacts A curtailing of infrastructure spending, combined with the high interest rate environment, will likely limit the economy's growth potential. Increased compliance costs could hurt an already diminished investment reputation and future World Bank ‘ease of doing business’ rankings. An easier relationship between the presidency and the national assembly should see the budget passed without the major delays of past years.

China data doubts may muddle decision-making

2015 ◽  
Keyword(s):  
International Economic ◽  
Decision Making ◽  
Interest Rate ◽  
Government Policy ◽  
External Pressure ◽  
Risk Profile ◽  
Reserve Requirement ◽  
Content Type ◽  
Apparent Stability

Significance This was slowest pace since the first quarter of 2009, but still exceeded most forecasts. The apparent stability of official GDP data even when many other indicators are weak has revived the long-running debate about the reliability of Chinese data. Impacts Further monetary stimulus is likely if growth disappoints, both as reserve requirement ratio cuts and interest rate cuts. Uncertainties about the economy and government policy will multiply, raising the country's risk profile. External pressure may build for Beijing to be more transparent and informative given China's international economic relevance.

Polarised Gulf media will obscure facts

2018 ◽  
Keyword(s):  
Foreign Policy ◽  
Saudi Arabia ◽  
United Arab Emirates ◽  
Government Policy ◽  
Negative Image ◽  
Content Type ◽  
Control Information ◽  
National Media ◽  
Echo Chamber ◽  
Government Involvement

Significance Because of heavy government involvement, Gulf-based media outlets have never had a reputation for independence or journalistic rigour. However, the boycott of Qatar by Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt in June 2017 has led to localised polarisation of media and its increased use as a tool of foreign policy. Impacts Western media and academics will come under increasing Gulf pressure and inducement to provide favourable coverage. Gulf citizens will become more reliant on national media outlets, rather than cross-referencing, creating an echo chamber. Heavy media spin will build up a strong popular negative image of the opposing states. Vaguely worded media laws will be used more frequently to control information and defend allies. Bots on Twitter, Facebook and Instagram will become a systematic tool of government policy.

Turkish economic policy will be inconsistent to 2019

2017 ◽  
Keyword(s):  
Economic Policy ◽  
Financial Markets ◽  
Interest Rates ◽  
Capital Inflows ◽  
Policy Uncertainty ◽  
Economic Policies ◽  
Short Term ◽  
Content Type ◽  
Doing Business ◽  
The Eu

Subject Economic policy to 2019. Significance In a climate of global monetary tightening, domestic and international political tensions, and brittle ties with the EU, investor-friendly economic policies would help secure continued capital inflows and investment in Turkey, thus keeping the lira stable and maintaining a tenuous economic recovery. However, economic policy has recently been geared towards achieving a short-term boost rather than longer-term stability and competitiveness. Impacts The AKP may not regain the confidence of international financial markets, which once saw it as a 'safe pair of hands' for the economy. Sharp variations in exchange rates, interest rates, prices and demand are likely given global conditions and unpredictable policy-making. Economic policy uncertainty will add to the complexity of the environment for doing business.

Russian Protectionism: Problems of Institutional Heritage

2012 ◽  
pp. 96-114
Author(s):  
L. Tsedilin
Keyword(s):  
Economic Policy ◽  
Soviet Union ◽  
Foreign Trade ◽  
Economic Integration ◽  
The State ◽  
New Economic Policy ◽  
The Soviet Union ◽  
State Monopoly ◽  
The Times ◽  
Soviet Experience

The article analyzes the pre-revolutionary and the Soviet experience of the protectionist policies. Special attention is paid to the external economic policy during the times of NEP (New Economic Policy), socialist industrialization and the years of 1970-1980s. The results of the state monopoly on foreign trade and currency transactions in the Soviet Union are summarized; the economic integration in the frames of Comecon is assessed.

The Experience of Industrialization under NEPand Its Application in the Current Conditions

2013 ◽  
pp. 109-135
Author(s):  
Y. Goland
Keyword(s):  
Economic Policy ◽  
Capital Formation ◽  
Optimal Size ◽  
Popular Belief ◽  
New Economic Policy ◽  
Relevant Today ◽  
Domestic Capital

The article refutes popular belief about the necessity to abolish the New Economic Policy (NEP) of the 1920s for the purpose of industrialization. It is shown that it started successfully under NEP although due to a number of reasons the efficiency of the investments was low. The abolishment of NEP was caused not by the necessity to accelerate the industrialization but by the wrong policy towards the agriculture that stopped the development of farms. The article analyzes the discussion about possible rates of the domestic capital formation. In the course of this discussion, the sensible approach to finding the optimal size of investments depending on their efficiency was offered. This approach is still relevant today.

The perspective planning under NEP

2019 ◽  
pp. 149-159
Author(s):  
Yury M. Goland
Keyword(s):  
Economic Policy ◽  
National Economy ◽  
Planning Process ◽  
New Economic Policy ◽  
Political Factors ◽  
Perspective Planning ◽  
Sharp Criticism

The article reviews the implementation of the perspective planning in the USSR during the period of the New Economic Policy — NEP, from methodological discussions to the development of five-year plans — sectoral and for the entire national economy. The article analyzes the discussion of the proposal of the first five-year plan submitted by S. Strumilin at the congress of planning bodies in March, 1927. It is shown that the sharp criticism of this plan for being imbalanced by the leading economists of the country, in particular, V. Bazarov and N. Kondratiev, is valid. The author points out the influence of political factors on the planning process. The popular cliche that the forced industrialization in the five-year plan was necessary to prepare for the war is refuted.

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