Economic system entanglement on intra-firm trade portfolios: the impact of counterparty credit ratings on business-to-business credit dynamics

Using Hauntology, this paper illustrates how the supposed demise of a socio-political and economic system – colonialism – still impacts on and has something to offer contemporary political analysis in Guyana’s gaols. Drawing on Fiddler’s spatio-hauntology alongside the work of Derrida and Gordon this paper shows how hauntology provides an alternative theoretical framework to look at the intergenerational transmission of trauma, which can be traced back to colonialism and slavery. It acknowledges the impact structural violence has on the collective imaginary and how this – consciously and unconsciously – shapes the psychosocial material underpinning contemporary Guyanese identities, desires, experiences, social action, and systems of punishment which includes prisons – its buildings, space, regimes, processes, sounds, laws and rationale. Guyana’s prisons contain phantoms of the past. Only by acknowledging Guyana’s ghosts and the phantasm of past trauma is it that we can begin to understand contemporary Guyana and Guyanese society, which includes their jails.

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Financial system and growth and economic development

VUZF Review ◽

10.38188/2534-9228.21.2.19 ◽

2021 ◽

Vol 6 (2) ◽

pp. 160-170

Author(s):

Małgorzata Hala

Keyword(s):

Economic Growth ◽

Economic System ◽

Financial Institutions ◽

Financial System ◽

Financial Sector ◽

Real Sector ◽

The Real ◽

State And Local ◽

The Impact

The aim of the article is to present the role of the financial system in economic growth and development. The first part presents the traditional understanding of the relationship between the economic system and economic growth. The second part presents the experience of financial crises and their impact on the conversation on the mutual relations between the financial sector and the real sector. The third part shows the role of the state in the financial system. The article describes the arrangement of interrelated financial institutions, financial markets and elements of the financial system infrastructure. It shows what part of the economic system the financial system is, and whether it enables the provision of services allowing the circulation of purchasing power throughout the economy. The article presents the important role of the financial system, the role related to the transfer of capital from entities with savings to entities that need capital for investments. It shows the financial system as a set of logically related organizational forms, legal acts, financial institutions and other elements enabling entities to establish financial relations in the real sector and the financial sector, and this system forms the basis of activity for entities using money, enabling the conclusion of various economic transactions, in which money performs various functions. The article also presents the concept of a financial crisis as a situation in which there are rapid changes in the financial market, usually associated with insufficient liquidity or insolvency of banks or financial institutions, and as a result, a decrease in production or its deepening. The article also includes issues related to the impact of public authorities (state and local authorities) on the financial system in the economy.

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Network model for researching the impact of the increasing of division of labor on innovations and economic growth

Ekonomicheskie i sotsial’no-gumanitarnye issledovaniya ◽

10.24151/2409-1073-2020-4-60-69 ◽

2020 ◽

pp. 60-69

Author(s):

I.P. Timofeev ◽

Keyword(s):

Economic Growth ◽

Economic Development ◽

Economic System ◽

Division Of Labor ◽

Network Model ◽

Economic Development And Growth ◽

Economic Interpretation ◽

The Impact ◽

Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

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