Analysis on the Research Trend of Crisis Management Policy - Focusing on the Crisisonomy -

2016 ◽  
Vol 12 (12) ◽  
pp. 1-11
Author(s):  
Ju Ho Lee ◽  
◽  
Sang Il Ryu ◽  
Author(s):  
Anna Matysek-Jędrych

The chapter focuses on the relation between the economic crisis and competitiveness on a national and regional dimension. The Baltic countries (Estonia, Latvia, and Lithuania) have experienced one of the biggest GDP contractions during the Global Crisis so far. Hence, identifying and assessing changes in the relative competitiveness as a consequence of the economic downturn has sparked many interests. The international competitiveness and economic crisis intermingle with one another. The international cases selected for the purpose of this research (Estonia, Latvia, and Lithuania) were to demonstrate clear and unquestionable evidence that crisis affects the international competitiveness of countries. One may believe that such a deep and painful financial and economic crisis as the current one—in the case of the Baltics—has to leave some permanent and explicit traces on a country's competitiveness. Thus, the results of this research may surprise a little. It may be generally concluded that a short-term crisis, even if severe, does not have a negative long-term influence on the international competitiveness as long as a proper anti-crisis policy is implemented. Sharing a number of structural, institutional, and performance features caused the crisis to undermine the competitiveness of the Baltic States in a similar manner (through macroeconomic stability channel). This in turn caused the applying of an analogue crisis management policy with the fundamental tool of fiscal policy tightening by an increased downward flexibility of wages and prices.


Author(s):  
Oksana Chumak

The purpose of the article is to substantiate the concept of building the policy of the crisis management of state-owned enterprises in modern development conditions according of reform vector. Research methodology. The theoretical and methodological basis of the study is a systematic approach to the study of the fundamental provisions of the formation of an anti-crisis management policy of an enterprise. To achieve this goal, a system of general scientific and special methods was used, namely: methods of logical generalization and comparison for the formation of the architectonics of the crisis management policy of a state enterprise with an emphasis on the preventive stage of its implementation; methods of analysis, synthesis and generalization - to study the content of policy components and scorecards; abstract method - for the formulation of research findings. The results of the study. Reasonably conceptual approach to building a crisis management policy at a state enterprise. Clarified the definition of the concept of crisis management. The prerequisites that cause crisis phenomena are systematized: a state of imbalance in economic activity, bifurcation points and information asymmetry. Recommended architectonics of crisis management policy of a state-owned enterprise with an emphasis on the preventive stage of its implementation. The main components of the proposed policy are characterized. Justified necessity of monitoring and controlling the calculation of indicators of economic activity in the following areas: finance, economic efficiency, non-financial indicators and immeasurable factors that contribute to unstable conditions of the enterprise. To overcome crisis, policy provides for second stage, which has a comprehensive approach to overcoming crisis (macroeconomic and microeconomic). The scientific novelty consists in substantiating concept of building policy of crisis management of state enterprise in crisis situation, which provides permanent monitoring of indicators of economic activity and timely identification of crisis conditions. The practical significance of results. The current policy of crisis management at a state-owned enterprise will allow analyzing the results of economic activities to prevent occurrence of crisis conditions and their management, if any. The effect will be the possibility of periodically calculating the overall efficiency of economic and financial activities in accordance with the strategic goal, business conditions and state economic policy.


2021 ◽  
Vol 18 (1) ◽  
pp. 41-52
Author(s):  
Dragana Zaklan ◽  
Rastislava Imrek ◽  
Nebojša Pavlović ◽  
Nemanja Todorović ◽  
Mladena Lalić-Popović ◽  
...  

According to the World Disasters Report from 2018, 3,751 natural disasters occurred in previous ten years, which affected 2 billion people, and according to the United Nations report, 134 million people required help. COVID-19 pandemic revealed the unpreparedness of humanity for the global catastrophe, and in the first six months of the pandemic, 50 million people faced the consequences of more than a hundred disasters classified as catastrophes. In this paper we aimed to determine which competencies of pharmacists are necessary, as well as to analyze existing and possible options of pharmacists' involvement in the healthcare team, as well as pharmacists' contribution to the healthcare system in crisis situations. In crisis situations, the pharmacist, in addition to traditional, performs a wide range of non-traditional activities. They include drug and medical device supply management, participation in providing emergency medical care, patient care, supervision of therapy, immunization, but also in establishing crisis management policy and implementing adopted principles. The involvement of pharmacists in humanitarian work is still insufficient, although progress has been made. The COVID-19 pandemic has certainly opened a new chapter in the development of pharmaceutical profession, which will certainly significantly change after the current crisis, along with other professions. Active involvement of pharmacists in healthcare teams is necessary in order to optimally use their expertise, and they themselves to gain experience. In future, this would enable the formation of good practice standards and improving the outcomes of humanitarian or public health missions.


Res Publica ◽  
1979 ◽  
Vol 21 (2) ◽  
pp. 281-306
Author(s):  
Marc Platel

The article describes the political crises of June and October 1978 in Belgium.For reasons connected with time and space, this contribution ends with the formation of the Vanden Boeynants transition-government, although even with the formation of the Martens-cabinet in April 1979the problems are not yet solved.The formation of this cabinet has been a long-drawn effort, hampered by substantial obstacles, that have been present since June 1978: the difficulties to elaborate both a crisis-management-policy and a consensus concerning a new constitution. Moreover, all this remains overshadowed by fear and distrust from the other political parties towards de Flemish christian-democrats, who usually succeeded in keeping their internal quarrels a really inside affair. The crisis of 1978 has proved on the other side, that the Egmont-Stuyvenberg agreement on the federalisation of Belgium was neither well-balanced nor mature.


2015 ◽  
Vol 4 (3) ◽  
pp. 123-136 ◽  
Author(s):  
Nikola Fabris ◽  
Jelena Galić

Abstract Consumption and saving decisions are at the heart of both short- and long-term macroeconomic analyses. Since the global crisis outbreak, one of the main issues for indebted countries has been whether to pursue a policy which promotes saving or to try to induce economic growth by increasing consumption. Consensus has not been reached on this issue, which is based on an old debate of whether a country should pursue a policy of Keynesianism or monetarism. Ergo, this essay discusses arguments supporting both approaches, primarily through theoretical arguments of Keynesianism and monetarism. The authors concluded that in a crisis environment, consumption policy should be given priority; however, a precondition for this is that a country was not overburdened prior to the crisis outbreak, i.e. a successful crisis management policy should, in fact, be pursued over the periods of expansion.


2020 ◽  
Vol 6 (3) ◽  
pp. 171-182
Author(s):  
Svitlana Khalatur ◽  
Lesia Kriuchko ◽  
Anna Sirko

The purpose of the article is to systematize and generalize the experience of leading countries to form and implement an effective crisis management system; to clarify the role of the state in the formation and implementation of anti-crisis regulation strategy of the real sector of the economy, as well as to substantiate the main methodological provisions of its formation. The subject-matter of the study is the methodological and conceptual foundations of the process of the effective crisis management system of the USA, China, Japan, the EU and Ukraine. Methodology. The research is based on the set of well-known general scientific and special methods of research in economics. In particular, the dialectical method, the method of scientific abstraction, the method of systematic analysis, economic and mathematical modeling has been used in the article. Conclusion. The world experience of solving the problems of enterprise bankruptcy is generalized. The experience of the USA, Japan, China, the countries of the European Union is considered. The econometric model taking into account the heteroskedasticity of the residues shows that an increase of 1% Central government debt, bank capital to assets ratio, expense, exports of goods and services, foreign direct investment, net inflows will increase GDP by 2.41%, 1.53%, 1.23%, 2.03%, and 1.19% respectively in the studied countries. Examining the experience in the field of crisis management, it should be noted that in Europe there is a selective approach aimed at stimulating the activities of specific companies; public sector priorities are education, health care, pensions, and the labor market. In addition, in some countries in order to find innovative structures of enterprises, increase their competitiveness and efficiency, out of the crisis, the development of privatization programs is used, which in each country have their own characteristics. World experience shows that the models of anti-crisis management constructed in different countries of the world provide various potential opportunities for progressive socio-economic changes. However, none of them can be used in its pure form in the formation of anti-crisis management policy in Ukraine. This is due to the conditions of accumulation of this experience by countries, the formation of mechanisms and institutions in a balanced economy, differences in the construction of financial and credit mechanisms, and so on. The use of positive experience should be the first step towards reforming the crisis management system.


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