scholarly journals The Economy of Self-Declared Kosovo

2021 ◽  
Vol 65 (4) ◽  
pp. 58-70
Author(s):  
E. Arlyapova ◽  
E. Ponomareva

Received 30.10.2020. Intensification of the final resolving processes over the Kosovo issue made it necessary to pay closer attention to social and economic features of the self-declared polity, which are often underestimated losing scores in favor of political, not economical, agenda. With emphasis on the most recent data (2015–2020), Kosovo official statistics, international and local organizations, mass media materials, with high involvement of interviews and surveys conducted during working trips to the Balkan region, and long-term observations, this paper is urged to remove this gap and to answer the question of economic independence and viability, directly concerned with the fundamental matter of sovereignty. Despite the thesis on favorable starting conditions in a form of abundance of various natural resources and ready-made industrial base, widely used in public rhetoric during separatist movement, the words have mostly remained just words – no significant structural changes have taken place in Kosovo’s economy since its self-declared independence in 2008. Reports reflect some increase of economic activity since 2015, but in almost all key directions – administrative reform, fundamental rights, fight against corruption and organized crime, regional cooperation development, etc. – there has been a very little progress up to date. Huge informal sector, desperate situation with youth’s unemployment, gender disproportion in the labor and legal fields – these are among the strongest economic challenges and the highest barriers for Kosovo on its way to European integration. In recent years, local economy drivers were state investments into infrastructure and private consumption, which is still mostly based on large transactions from abroad, together with increasing salary rates and lending. Economic diversification goes slowly. Base metals and mineral products dominate – same as during previous years – in regional export of goods, providing slightly less than a half of its entire volume. Excessive reliance on import is another feature of economic development in contemporary Kosovo. List of services and goods providers remains stable for the past decade, led by Germany and Italy, with growing influence of China and Turkey. Some improvement of business climate co-exists with essential economic problems. Kosovo’s economy still highly depends on external incomes and internal trade sector. Local educational system does not match local labor market needs. Financial discipline, efficient distribution of resources, optimization of sectoral interaction, fight against corruption and crime – these tasks remain the ones of high priority and are still in the current economic agenda today, like they were five and 10 years ago. Kosovo’s real investment attractiveness is in question; however, much work has been done in the legal field to speed up and secure the fundraising process. Unresolved problems of property rights and lack of political will to handle these issues hurt investment perspectives and slow down economic development. COVID‑2019 brings additional damage to Kosovo’s economy, but its overall results are to be yet evaluated.

2019 ◽  
Vol 17 (2) ◽  
pp. 180-186
Author(s):  
Iv. Stoycheva

Structural changes in employment, that are a result from the specific influence of structure determining factors are viewed as changes with time in the proportions of the economic system. The opportunities for the development of one or another sector or region are the result of favourable changes in the structures. At the same time, the formation of objective conditions for favourable economic structural changes is an effective tool for the economic development of a certain sector, which provides more appropriate adjustment of economic structures to the requirements of time. This study aims at exploring structural changes in employment by sector (according to the Classification of the Economic Activities of Bulgaria-2008) through integrated and aggregated measures. The registering of these changes makes tracking the trends in economic development, the intensity of the changes and the unevenness in the distribution of resources between sectors possible. On this basis, there can be drawn guidelines to improve the distribution in the sectoral employment, by setting out priority actions for increasing the efficiency of the use of labour resources.


2017 ◽  
Vol 50 (1) ◽  
pp. 269-287
Author(s):  
Robert Ciborowski

Abstract ‘Creative destruction’ is one of the most important analytical tools, taking into consideration both the economic and sociological characteristics of capitalist society. According to Schumpeter, in the long term, evolution gives rise to economic development resulting from batches of innovative solutions, leading to improvements in the standard of living. The innovation activity of firms is based on supply-side factors, hence it is large enterprises that excel in innovation since they strive to achieve a monopoly market position and above-average profits. Schumpeter attempts to combine two elements: the spread of monopolies and the continuation of economic development, both occurring through innovation, which is far more important than price competition. The Schumpeterian ‘creative destruction’ permeates the main aspects of macroeconomic activity, not only in the long term, but also in the area of economic fluctuations, structural changes, or the functioning of markets. As a result, it becomes a factor determining changes in the economic order. The purpose of this paper is to analyse the role of territories in the process of creating and using knowledge and its impact on the economic efficiency of the companies which function within their boundaries. Regional cooperation increases the involvement of business entities in innovation activities, which translates into higher competitiveness of firms. Moreover, the awareness of the necessity of cooperation and use of innovation capital tends to grow.


Author(s):  
Thandekile Phulu

In South Africa employees are protected by various pieces of legislation. Section 23 of the Constitution of the Republic of South Africa 1996 provides for a right to fair labour practice. In its preamble the Labour Relations Act 66 of 1995 (hereafter referred to as the LRA) states that the purpose of the Act is to advance economic development, social justice, labour peace and democratisation of the workplace. The LRA also states that one of its objectives is to give effect to and regulate the fundamental rights conferred by section 27 of the Constitution. The Occupational Health and Safety Act as amended by the Occupational Health and Safety Amendment Act 181 of 1993 provides for the health and safety of persons at work and for the health and safety of persons in connection with the use of plant and machinery. The LRA provides for dismissal for incapacity and dismissals for misconduct. It also differentiates between the two. The LRA provides for both substantive and procedural fairness when dismissing an employee for incapacity and misconduct. This paper will examine the rationale behind differentiating between dismissal for drunkenness and dismissal for alcoholism.


2020 ◽  
pp. 71-80
Author(s):  
Olesya Tomchuk

The article highlights the problems and prospects of human development, which is the basis for the long-term strategies of social and economic growth of different countries and regions at the present stage. Submitting strategies of this type provides an opportunity to focus on individual empowerment and to build a favorable environment for effective management decisions in the field of forming, maintaining, and restoring human potential. The analysis of the Vinnytsia region human potential dynamics in the regional system of social and economic development factors was carried out. Application of generalized assessment of the regional human development index components allowed the identification of the main trends that characterize the formation of human potential of the territory, including the reproduction of the population, social environment, comfort and quality of life, well-being, decent work, and education. The article emphasizes that despite some positive changes in the social and economic situation of the region and in assessing the parameters of its human development level relative to other regions of Ukraine, Vinnytsia region is now losing its human potential due to negative demographic situation and migration to other regions and countries. The main reason for such dynamics is proven to be related to the outdated structure of the region's economy, the predominance of the agricultural sector, the lack of progressive transformations in the development of high-tech fields of the economy. An important factor is the low level of urbanization of the region, which leads to the spread of less attractive working conditions and less comfortable living conditions. The key factors that cause the growth of urbanization in the region have been identified, including the significant positive impact of the transport and social infrastructure expansion, the lack of which in rural areas leads to a decrease in the level and comfort of life. Without progressive structural changes in the economy and the resettlement system, the loss of human potential will continue.


2020 ◽  
pp. 102-111
Author(s):  
Svitlana Shults ◽  
Olena Lutskiv

Technological development of society is of unequal cyclic nature and is characterized by changing periods of economic growth, stagnation phases, and technological crises. The new wave of technological changes and new technological basis corresponding to the technological paradigm boost the role of innovations and displace the traditional factors of economic growth. Currently, intellectual and scientific-technical capacity are the main economic development resources. The use of innovation and new knowledge change the technological structure of the economy, increase the elements of the innovative economy, knowledge economy, and digital economy, i.e. the new technological paradigm is formed. The paper aims to research the basic determinants of technological paradigms’ forming and development, and determining their key features, as well as to analyze social transformations of the EU Member States and Ukraine. The paper focuses attention on the research of the features of social transformations. The structural transformations are analyzed based on the Bertelsmann Transformation Index that estimates the quality of democracy, market economy, and political governance. The transformation processes are assessed on the example of the EU Member States and Ukraine. The authors argue that social transformations and structural changes in the economy are related to the change of technological paradigms that boost the economic modernization and gradual progressive development of humanity in general. The nature and main determinants of 5 industrial and 2 post-industrial technological paradigms are outlined. Their general features and main areas of basic technologies implementation emerging in the realization of a certain technological paradigm are explained. The conclusions regarding the fact that innovative technologies and available scientific-technological resources define the main vector of economic development are made. The new emerging technological paradigm is of strategic importance for society development.


Author(s):  
Oderinu Hassana ◽  
◽  
Kadir Mumini ◽  
Tijani Adebayo ◽  

Nigeria has one of the countries whose experience of poverty and unemployment is on the high side makes this study to look into the effect of the economic lockdown during the global pandemic in the country, with the aim of making effort on how this effect can be translated into economic development. Survey research design method was adopted with self-administered questionnaire used to collect data. Findings revealed that in Nigeria COVID -19 outbreak effects was felt in almost all sectors and the aftermath greatly affected the country’s GDP and this adversely affect rural development in the country, which translated to a worrisome rate of poverty and unemployment. Hence, both individual and government have now seen that campaigning for economic diversification is not sufficient for economic development but rather a prompt swing into action by all is needed for sustainable development of rural areas to respond to the worrisome rate of unemployment and in turn high level of poverty caused by the COVID-19 lockdown in the country. It was recommended that government at all level as well as individuals and stakeholders should put in place actions that would gear up rural development and set policies at their various helms of affairs that would encourage economic participation of all citizens in all sector of the economy.


2021 ◽  
Vol 2021 ◽  
pp. 1-7
Author(s):  
Wusheng Zhou

With the rapid development of tourism, tourism revenue, as one of the important indicators to measure the development of the tourism economy, has high research value. The quasi-prediction of tourism revenue can drive the development of a series of related industries and accelerate the development of the domestic economy. When forecasting tourism income, it is necessary to examine the causal relationship between tourism income and local economic development. The traditional cointegration analysis method is to extract the promotion characteristics of tourism income to the local economy and construct a tourism income prediction model, but it cannot accurately describe the causal relationship between tourism income and local economic development and cannot accurately predict tourism income. We propose an optimized forecasting method of tourism revenue based on time series. This method first conducts a cointegration test on the time series data of the relationship between tourism income and local economic development, constructs a two-variable autoregressive model of tourism income and local economy, and uses the swarm intelligence method to test the causal relationship and the relationship between tourism income and local economic development, calculate the proportion of tourism industry, define the calculation result as the direct influence factor of tourism industry on the local economy, calculate the relevant effect of local tourism development and economic income, and construct tourism income optimization forecast model. The simulation results show that the model used can accurately predict tourism revenue.


2021 ◽  
Author(s):  
ali ahmed mohammed

الملخص تعد التنمية الاقتصادية ذات أهمية كبيرة حيث حظيت بالإهتمام من قبل الدارسين والباحثين والاقتصاديين داخل الدولة منذ عقود، وخصوصاً بعد انتهاء الحرب العالمية الثانية، عندما بدأت الدول التي عانت من هذه الحرب بعمليات إعادة الاعمار، ومن ثم بعد ذلك بدأت تظهر الانواع الاخرى من التنمية، كالتنمية المستدامة والتنمية البشرية، وبدأ الحديث عن التنمية الاجتماعية والسياسية كذلك، وعلى الرغم من ذلك الا ان هناك تحديات كثيرة تقف في طريق التنمية الاقتصادية كالفقر والتخلف، ولا بد من اتباع إستراتيجيات معينة لتحقيق التنمية الاقتصادية وبالتالي تحقيق السلام، حيث ان التنمية والسلام هما ذات علاقة وثيقة ببعضهما، نظرا لان معظم الحروب والنزاعات تنشب لأسباب اقتصادية اما للسيطرة على الموارد او بسبب التوزيع غير العادل لها، ويتناول هذا البحث إستراتيجيات التنمية الاقتصادية المحققة للسلام، مع بيان العلاقة بين السلام والتنمية، والمفاهيم المرتبطة بهما.Summary Economic development has a great importance, it has the First attention by scholars, researchers and economists within the state, especially after the end of the WWII, when the countries that suffered from this war began the reconstruction process, then the other types of Development began to appear, such as sustainable development and human development, and also they began to talk about social and political development. However, many challenges stand in the way of economic development such as poverty and underdevelopment, and certain strategies must be followed to achieve economic development and thus achieve Peace, peace and development are closely interrelated, since most wars and conflicts arise for economic reasons or either for the control of resources or because of unfair distribution of resources. This research deals with the economic development strategies for peace, with explanation of the relationship between peace and development.


2020 ◽  
Vol 27 (4) ◽  
pp. 217-229
Author(s):  
Andrzej Marian Świątkowski

In all EU Member States the status of people employed on job platforms is not fully legally regulated. It is necessary to consider the sources of the contemporary phenomenon of electronic employment, which is not amenable to legal regulation in the Union constituting an “area of freedom, security and justice with respect for fundamental rights” (Art. 67 (1) of the Treaty on the Functioning of the European Union). The right to work in decent conditions, with adequate remuneration, belongs to this category of rights. In the discussion on employment platforms state authorities are more inclined to consider issues related to new technologies, processes and changes caused by the development and application of modern digital technologies (digitization) in almost all areas. The headquarters of trade unions mainly discuss the legal position of employees and the role of employment platforms in employment relations in the post-industrial era. Entrepreneurs and their organizations, including private institutions and employment platforms, are interested in equal treatment by national legislators in local labour markets. They are afraid of the breach of the balance favorable to their own economic interests, caused by the public interest in the possibility of using employment in atypical forms of employment. Services consisting in employment provided under employment platforms are incomparably cheaper than identical work performed by employees employed under employment contracts.


2021 ◽  
Vol 307 ◽  
pp. 02003
Author(s):  
Stanislav Kotenko ◽  
Hanna Shvindina ◽  
Iryna Heiets

The impact of migration on Ukraine is multifaceted. It increases the threat of depopulation, leads to losing a part of the labour and intellectual potential, and thus, may become a factor inhibiting economic development. Today, there is a shortage of workers in almost all activities, especially in industry and construction. At the same time, according to scientists, in the absence of migration, unemployment in Ukraine would be 36.7% higher. Due to foreign earnings, the quality of life in migrant households is improving. Increasing consumer demand can contribute to the economic development of both individual regions and the country as a whole. This article aims to analyse the impact of migration processes on the regional competitiveness. Social, economic, and demographic factors should be taken into account when forming a comprehensive indicator of regional competitiveness. There is a need to evaluate the weight of individual factors and the mechanism of their impact on a comprehensive indicator of the regional competitiveness. Considering the findings of previous studies, the important role of industrial enterprises in assessing the level of regions' competitiveness is emphasized; it is necessary to study in more detail the relationship of migration processes and industrial potential of the region/country.


Sign in / Sign up

Export Citation Format

Share Document