scholarly journals Institutional risks of financial inclusion

2020 ◽  
Vol 2020 (4) ◽  
pp. 45-64
Author(s):  
Valeria Kornivska ◽  
◽  
Keyword(s):  
Social Life ◽  
Global Economy ◽  
Financial Inclusion ◽  
Economic Agents ◽  
Market Participants ◽  
Institutional Risk ◽  
Poverty And Inequality ◽  
The Face ◽  
National Economies ◽  
The Impact

The article presents the results of a research on the current processes of financial inclusion, substantiates the concept of financial inclusion and its world level, and systematizes the existing theoretical-methodological and empirical approaches to determining its role for sustainable development. Based on the analysis of fundamental conditions and current factors of intensification of financial inclusion, the author substantiates the real purpose and consequences of the introduction of digital financial inclusion in national economies and in the global economy and shows the role of global financial institutions in these processes. Particular attention is paid to the impact of financial inclusion on solving the problems of poverty and inequality in society. It is shown that modern financial inclusion does not serve the interests of the majority, but rather the interests of a clearly limited circle of representatives of the global economic and financial elite by creating conditions for the invariance of financial inclusion for ordinary economic agents. The author argues that the main long-term institutional risk of global financial inclusion and non-cash circulation is the consent to the loss of financial freedom by market participants in the face of growing uncertainty in economic and social life and poverty.

scholarly journals STRATEGIC PRIORITIES OF SOCIO-ECONOMIC DEVELOPMENT UKRAINE IN THE CONTEXT OF GLOBAL CHALLENGES

2020 ◽  
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Current Model ◽  
Theoretical Approaches ◽  
The World ◽  
International Economic Cooperation ◽  
The Face ◽  
Economic Stabilization ◽  
National Economies ◽  
The Impact

Globalized challenges of the world economy have created an objective need for Ukraine to develop in the face of the country’s lack of preparedness for global competition and integration. The development of the economy of Ukraine in the context of globalization is taking place in a context of incomplete systemic socioeconomic and political transformation and poses problems related to the optimal integration of the economy of the country into the global economy. At the same time, the impact of globalization processes calls for new theoretical approaches to justify the structural transformation of a country’s economic development model. The directions of globalization for national economies are quite complex and contradictory. Globalization is deepening specialization and cooperation globally and the international division of labor. International competition stimulates the development of innovative processes and state-of-the-art technologies through technology transfer among countries of the world. The current model of development in Ukraine is characterized by significant deformations of the economy: fragmentation of technological space, excessive social differentiation, increased poverty, unemployment and a reduction in the population, The Russian Federation is a country with many countries, which have been affected by human-made environmental degradation and overload, the shrinking of the domestic market and the national economy, the rise of the shadow economy, the rise of corruption, etc. All this points to a structural imbalance in the Ukrainian economy. The further intensification of globalization processes will exacerbate the problem of national identity, The solution of which many countries see the strengthening of State influence on international economic cooperation through the introduction of protectionist measures in the areas of trade, migration and investment, that in turn will contribute to the strengthening of geo-economic and geopolitical tensions in the world. In this context, there is a need to establish new principles for world economic stabilization and development.

scholarly journals Beyond the Pandemic: COVID-19 Pandemic Changed the Face of Life

2021 ◽  
Vol 18 (11) ◽  
pp. 5645
Author(s):  
Shaden A. M. Khalifa ◽  
Mahmoud M. Swilam ◽  
Aida A. Abd El-Wahed ◽  
Ming Du ◽  
Haged H. R. El-Seedi ◽  
...  
Keyword(s):  
Human Activities ◽  
Social Life ◽  
Positive Impact ◽  
Mental Wellbeing ◽  
Negative Effects ◽  
Population Movements ◽  
Social Distancing ◽  
The Face ◽  
The Impact ◽  
Positive Impacts

The COVID-19 pandemic is a serious challenge for societies around the globe as entire populations have fallen victim to the infectious spread and have taken up social distancing. In many countries, people have had to self-isolate and to be confined to their homes for several weeks to months to prevent the spread of the virus. Social distancing measures have had both negative and positive impacts on various aspects of economies, lifestyles, education, transportation, food supply, health, social life, and mental wellbeing. On other hands, due to reduced population movements and the decline in human activities, gas emissions decreased and the ozone layer improved; this had a positive impact on Earth’s weather and environment. Overall, the COVID-19 pandemic has negative effects on human activities and positive impacts on nature. This study discusses the impact of the COVID-19 pandemic on different life aspects including the economy, social life, health, education, and the environment.

Economic Slowdown and the Indian Corporate Sector

2009 ◽  
Vol 34 (3) ◽  
pp. 53-58
Author(s):  
Avinash Paranjape
Keyword(s):  
Global Economy ◽  
Foreign Currency ◽  
Contagion Effect ◽  
Corporate Sector ◽  
Related Services ◽  
Global Recession ◽  
The Face ◽  
Indian Banks ◽  
The Impact ◽  
Financial Issues

In the face of the complexities created by the turbulence, volatility, and uncertainty in the global economy, the Indian corporate sector finds itself in a state of flux. Avinash Paranjape sees the impact of the global crisis on the Indian industry as a contagion effect, being in the form of a slowdown. From the study emerge four distinct patterns of the effect of the slowdown on Indian firms. While the firms exposed to foreign currency have become victims of volatility, those in the IT-related services faced export blues. The firms in the financial and real estate sectors experienced the burst bubble syndrome, whereas the acquirers faced multiple financial issues. Despite the prevalence of pockets of weakness, in general, the author finds the Indian banks, financial institutions, and the corporate sector as strong and less exposed to the vagaries of the global recession

scholarly journals THE IMPACT OF BUSINESS TRANSFORMATION ON THE PROVISION OF PRODUCTS AND SERVICES IN OPERATIONAL-LEVEL RETAIL BUSINESSES: CASE STUDY

2017 ◽  
Vol 5 ◽  
pp. 521-525
Author(s):  
Xolani Protus Simamane ◽  
Robert Walter Dumisani Zondo
Keyword(s):  
Financial Performance ◽  
Global Economy ◽  
Chi Square ◽  
Organizational Goals ◽  
Business Transformation ◽  
Operational Level ◽  
Kwazulu Natal ◽  
National Economies ◽  
The Impact

The retail industry is arguably one of the most prosperous sectors in the global economy. It serves as an intermediary between producers and consumers. Given its significance in the everyday lives of people in communities, and its role in national economies, the industry operates under extensive competition driven by growth in Information Technology which has dramatically changed the consumption patterns and buying behavior of consumers today. This study investigates the impact of transformation on the provision of products and services in operational-level retail businesses of KwaZulu-Natal (KZN). This is a case study and the South African Post Office (SAPO) in KwaZulu-Natal (KZN) participated in the study. Of the 101 branch managers of SAPO, 72 participated in the study, representing a 71 percent response rate. The sample frame was obtained from both the Human Capital and the Infrastructure Management departments of SAPO in KZN. Descriptive statistics and chi-square tests were used to analyze the two objectives. That is, to establish if the change brought about by business transformation activities improves the provision of products and services in retail businesses and thereby improves the financial performance. It also determines if retail businesses undergoing transformation inspire confidence amongst employees, and thereby achieving their financial goals. The findings revealed that business transformation has the ability to improve the provision of products and services of retail businesses. Continuous communication with regards to transformation inspires confidence among employees, thereby leading to productivity improvements and the achievement of the organizational goals. Productive employees contribute positively to the financial performance of the business. The original value of this study is its approach in uncovering strengths and weaknesses of business transformation in the operational-level retail businesses.

scholarly journals The Global Economic Impact of Terrorism

2021 ◽  
Vol 7 (2) ◽  
pp. 19
Author(s):  
Dumitru-Mihai Luca
Keyword(s):  
Civil Wars ◽  
Global Economy ◽  
World Economy ◽  
Economic Cost ◽  
Poverty And Inequality ◽  
Interstate Conflicts ◽  
The Moment ◽  
Terrorist Acts ◽  
Effects Of Violence ◽  
The Impact

In general, when analyzing the costs of armed conflict, the literature most often relates to civil wars or interstate conflicts. The moment of September 11, 2001 marked the beginning of a new concern in the economy, namely the economic cost of terrorism. Terrorism is a form of conflict in which acts of violence are directed at non-combatants or civilians who are usually unrelated to the political target of the group that committed it. This article analyzes existing data on the costs of terrorist acts that are committed by non-state parties or subnational groups. In this article, we will also look at the impact that terrorism has on the world economy (including both developed and underdeveloped states). We will find that although it has a significant impact on the global economy, the most devastating effects of violence are felt by underdeveloped economies whose poverty and inequality do not allow for a rapid and sustained response to terrorism.

scholarly journals Analisis Persepsi Bisnis Terhadap Persepsi Konsumen Melalui Indeks Tendensi Bisnis (ITB) dan Indeks Tendensi Konsumen (ITK) di Indonesia.

2020 ◽  
Vol 4 (2) ◽  
pp. 70-84
Author(s):  
Agung Gatra Diarga
Keyword(s):  
Global Economy ◽  
Secondary Data ◽  
Positive Influence ◽  
Consumer Perception ◽  
Global Crisis ◽  
Economic Agents ◽  
Business To Consumer ◽  
The Moment ◽  
The Impact

The condition of the global economy is greatly affected by the movements of economic agents itself. After the global crisis that happened years ago, 2018 the state of the global economy not fully recovered. In the moment the role of economic agents so influenced by the information received and how that information is processed, so that will affect the perception on an object of that information. And in the end will have an impact on decision making right or not. In this research will analyze perception on the impact of business to consumer perception shown through indicators of the business tendency index on consumer tendency index. The research was conducted using secondary data from the central bureau of statistics by focusing on a span of years the global crisis that is 2017-2019 or pre until post crisis. The method used is descriptive statistics analysis. The result of which is known that the perception business have a positive influence on consumer perception in the view through the business tendency index on consumer tendency index  

scholarly journals Audit in the context of coronavirus

2021 ◽  
Vol 7 (3A) ◽  
pp. 696-700
Author(s):  
Elena Ilyinichna Efremova ◽  
Natalia Alekseevna Prodanova ◽  
Kseniya Alexandrovna Kovaleva ◽  
Olga Vladimirovna Saradzheva ◽  
Galina Vladimirovna Glazkova ◽  
...  
Keyword(s):  
Global Economy ◽  
World Economy ◽  
Commodity Markets ◽  
Present Stage ◽  
The World ◽  
Additional Costs ◽  
New Type ◽  
National Economies ◽  
Economic Ties ◽  
The Impact

At the present stage the world economy is characterized by the process of increasing the interdependence of national economies, which is due to the stagnation of commodity markets, economic crises around the world and the presence of negative financial trends. The process of increasing the interdependence of national economies is based, among other things, on national selfishness, which is manifested more and more often. The COVID-19 pandemic has caused a temporary break in financial and economic ties and relations, which in turn leads to significant changes in both the Russian and global economy as a whole. At present, the question of the possible duration of the pandemic and the quarantine measures imposed because of it remains open, but it is obvious that the impact is not just an interruption of the activities of the national economy or an increase in the burden on budgets due to the increase in additional costs. We are talking about the formation of a new type of economy.

scholarly journals Globalization and Conflict: Welfare, Distribution,and Political Unrest

1999 ◽  
pp. 325-365 ◽  
Author(s):  
Ranveig Gissinger ◽  
Nels Petter Gleditsch
Keyword(s):  
Open Economy ◽  
Global Economy ◽  
Relative Deprivation ◽  
Political Instability ◽  
Direct Foreign Investment ◽  
Agricultural Products ◽  
Poverty And Inequality ◽  
High Level ◽  
The Impact ◽  
Trade And Investment

The consequences of globalization for the development of a more peaceful world remain highly controversial. This article seeks to clarify the impact that the globalization of the economy may have on civil war and political instability. Liberals argue that countries heavily dependent on the global economy (whether measured by trade or investment) are likely to experience higher economic growth, greater affluence, more democracy, and increasingly peaceful conditions at home and abroad. In stark contrast, most dependency theorists argue that high levels of trade and investment tend to generate greater economic inequality. Relative deprivation theory suggests that such inequality will increase the risk of political instability. From these two broad perspectives, a set of hypotheses is developed and tested on a global dataset for the period 1965-93. The consequences of an open economy prove to be quite complex. A high level of trade does generate more domestic peace; at the same time, direct foreign investment also creates conditions conducive to political instability. However, the consequences of trade are dependent on what is being exported. Exports of manufactured goods create high levels of welfare and equality, while exports of agricultural products promote poverty and inequality. Inequality emerges as but one of many factors which lead to political instability.

scholarly journals Leadership performance of financial firms on climate change action

2016 ◽  
Vol 11 (2) ◽  
pp. 103-109 ◽  
Author(s):  
Amy Burnett ◽  
Carolin Schellhorn
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
Low Carbon ◽  
Global Awareness ◽  
Leadership Performance ◽  
Low Carbon Economy ◽  
Market Participants ◽  
Financial Firms ◽  
Multiple Dimensions ◽  
The Face

Global awareness of the urgent need to decarbonize the economy has been growing. Although legislative and regulatory actions have been lagging, some businesses have emerged as leaders in this process. In particular, financial institutions as information producers and resource allocators play an important role. In order to accelerate the global transition to a low-carbon economy, market participants need to develop the ability to identify and support firms that are leading on climate change action. Using CDP data on ten climate change action metrics for 2013, the authors apply the dichotomous Rasch model to rank the overall climate change action performance of U.S. financial firms across multiple dimensions of this effort. Simultaneously, the results identify the climate change action metrics for which success was most difficult to achieve. The authors show that investors, managers and regulators should consider ranking firms using this more comprehensive methodology rather than the CDP’s Performance Band or the CDP’s Disclosure Score alone when assessing firm leadership in this area. While this study focuses on financial firms, a similar analysis could be conducted for ranking firms in other industries as well. The authors’ results are important for investors, managers and regulators charged with firm performance evaluation and resource allocation in the face of growing pressures to decarbonize the global economy

scholarly journals Individo kompetencijų aprėptis žinių visuomenėje: problematikos apžvalga

2008 ◽  
Vol 42 (43) ◽  
pp. 233-241
Author(s):  
Saulė Gudauskaitė
Keyword(s):  
Social Life ◽  
Global Economy ◽  
Complex Activity ◽  
Life Long Learning ◽  
Social Actions ◽  
Key Competencies ◽  
The Individual ◽  
National Economies ◽  
The Relationship ◽  
Political Decisions

Žinių visuomenė šalia saugios visuomenės ir konkurencingos ekonomikos yra pirmas iš trijų Lietuvos valstybės prioritetų, įtvirtintų valstybės ilgalaikės perspektyvos tikslus apibrėžiančiame dokumente – Valstybės ilgalaikės raidos strategijoje. Žinių visuomenėje išskirtinę reikšmę įgyja žmonių žinios ir kompetencija. Kompetencijos reiškia kompleksinę veiksmų sistemą, kuri apima žinias ar žinojimo gebėjimus, strategijas ir žinomus šablonus, kuriems reikia pritaikyti žinias ir įgūdžius, taip pat emocijas ir nuostatas bei efektyvų šių kompetencijų valdymą. Globalizacija informacijos sklaidai suteikia erdvės skirtinguose kontekstuose ir bando iš dalies įveikti skaitmeninę atskirtį. Modernus socialinis gyvenimas remiasi nebe tradicijomis, o nuolat kuriamu ir atnaujinamu reflektyviu žinojimu; visi socialiniai veiksmai yra nuolat analizuojami ir prireikus modifikuojami atsižvelgiant į gaunamą informaciją ir žinias. Tad kurios žinios reikalingos organizacijoje, o kurios tiesiog žalingos ar nepastebimos? Kompetenciją sudaro iššūkis, užduotis ar veikla, kurie apibrėžia vidinę kompetencijos struktūrą, susidedančią iš susijusių požiūrių, vertybių, žinių ir įgūdžių, kartu sudarančių galimybę efektyviam veiksmui pasireikšti. Kompetencijos negali būti sulygintos su jų kognityviniais komponentais. Kompetencijų struktūrą, vystymąsi ir vertinimą veikia socialinis ir kultūrinis kontekstas, kuriame individai gyvena. Individo ir visuomenės ryšys yra dinamiškas ir nepastovus. Straipsnyje aptariamas žinių visuomenės ir globalizacijos kontekstas, siekiama išsiaiškinti, kaip individai (organizacijos atvejis) vertina savo kompetencijas technologijų, naujovių, atsakomybės, mokymosi visą gyvenimą ir motyvacijos aspektais.Global coverage of individual competencies in knowledge societySaulė Gudauskaitė SummaryGlobalization is a suggestive term, which is often used in various contexts to describe a phenomenon of a field in world wide view. The term discusses the process of national economies integrated into global economy. First of all, globalization is characterized as a measure of internationalization. Competence means a complex action system, which takes in knowledge, knowledge abilities, strategies, as well as emotions and attitudes in effective governance of the competencies. Modern social life appeals not by traditions, but by changeable, creatable and renewed reflective knowledge. All social actions are analyzed all the time and modified when its needed by information and knowledge we get. There’s a question, which knowledge is necessary in organization and which ones are even harmful? A competence is the ability to meet a complex demand successfully or carry out a complex activity or task. The problem is in defining and selecting key competencies, which draws into power relations, political decisions, national cultures or practical considerations. The relationship between the individual and society is dialectic and dynamic one as well as the content of a competence, which creates the most important value. The main questions in the article, which is part of doctoral thesis, are: what could I define as a competence, key competence for individual and how do employees evaluate their competencies in aspects of technology, novation, responsibility, life long learning and motivation?

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