scholarly journals Policy responses to the European debt crisis treating the “symptoms” or the “disease”?

2012 ◽  
Vol 59 (5) ◽  
pp. 529-552 ◽  
Author(s):  
Angelos Antzoulatos
Keyword(s):  
Debt Crisis ◽  
Economic Environment ◽  
Market Economies ◽  
Policy Responses ◽  
The Future ◽  
Perverse Incentives ◽  
European Debt Crisis

The conventional narrative for the European debt crisis stresses three factors, namely, bad policies and profligacy in the afflicted countries - mostly southern ones, flaws in the EMU design, and wise policies in the northern frugal countries. This paper argues that the root causes of the crisis lie in the failure of many ?safety valves? of market economies, at many levels of the society, both in the crisis countries and in the more ?prudent? EMU countries, in an economic environment where unfettered finance can overwhelm even the biggest and best managed economies. Hence, the policy responses based on the conventional narrative are akin to treating the ?symptoms?, not the ?disease?. As such, they may be setting the foundations for a bigger crisis in the future by strengthening the always-present perverse incentives of many economic players and by proposing complex and unworkable regulatory and supervisory structures. This, together with the unequal sharing of the burden of adjustment - both across and within countries, bodes ill for the long-term prospects of EMU, despite that the aforementioned failures are not intrinsically related to the euro.

scholarly journals A Hidden Theory in Financial Crisis Journalism?

2015 ◽  
Vol 36 (2) ◽  
pp. 113-127 ◽  
Author(s):  
Paul Bjerke ◽  
Birgitte Kjos Fonn
Keyword(s):  
Financial Crisis ◽  
Present Article ◽  
Debt Crisis ◽  
Framing Theory ◽  
Political Economics ◽  
Press Coverage ◽  
Short Term ◽  
Content Analyses ◽  
European Debt Crisis

Abstract The present article analyses press coverage of the dramatic finance crisis and the ensuing European debt crisis in Europe, in three decisive periods. The authors conduct quantitative and qualitative content analyses of two major mainstream Norwegian newspapers, Aftenposten and Dagbladet, employing concepts and methods from framing theory, to analyse coverage in the framework of two contesting schools in economics. The study finds traces of discussions of finance brokers’ ethics and some discussions of governmental regulations that made the 2008 crisis possible, but few indications of a basic discussion of the system as such. The authors conclude that the crisis was framed more as a superficial, short-term problem (as per a mainstream, neoliberal theory of economics) than as a deeper and long-term system problem (as a more critical ‘political economics’ theory would have held).

scholarly journals Market failure and government failure in European debt crisis

2021 ◽  
Vol 275 ◽  
pp. 03025
Author(s):  
Jingwen Yan ◽  
Zhishan Cai ◽  
Rui Zhou
Keyword(s):  
Market Failure ◽  
Debt Crisis ◽  
International Competitiveness ◽  
Government Failure ◽  
Debt Problem ◽  
Euro Zone ◽  
The Common ◽  
European Debt Crisis

This paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failure. Both sides should make great efforts to solve this problem. There is a long-term process to solve the European debt problem. Only by developing competitive industries and regaining international competitiveness is the effective way for euro zone countries to get rid of the predicament fundamentally.

scholarly journals Lean and Kaizen: The Past and the Future of the Methodologies

2021 ◽  
Author(s):  
Vasileios Ismyrlis
Keyword(s):  
Case Studies ◽  
Business Process ◽  
Economic Environment ◽  
Long Term Results ◽  
Success Stories ◽  
The Future ◽  
Long Time ◽  
The Difference ◽  
Improvement Methodologies

Lean and Kaizen improvement methodologies have been in the entrepreneurship spotlight for a long time. They can be adopted by any kind of enterprise, and they succeed in producing better long-term results, improving their performance, but most important, influencing the philosophy of the organizations implemented. In this research, many case studies and success stories of companies implementing Kaizen or/and Lean methodologies, or even the new Lean Kaizen methodology, will be introduced. We attempt to evaluate the performance of Lean and Kaizen implemented companies and distinguish the elements that made the difference. Maybe, it is some specific tool, or an aspect in the culture that was enhanced, since the implementation of these business process improvement methodologies. Finally, thoughts and estimations will be presented, regarding the future of these methodologies, in the unstable and rapidly changing economic environment.

DIGITALIZATION OF LABOR MIGRATION PROCESSES IN UZBEKISTAN. WORLD EXPERIENCE

2020 ◽  
Vol 4 (3) ◽  
pp. 29-39
Author(s):  
Sulkhiya Gazieva ◽  
Keyword(s):  
Labor Market ◽  
Technological Change ◽  
Labor Migration ◽  
Smart Phone ◽  
Logic Circuits ◽  
Digital Logic ◽  
The Internet ◽  
The Future

The future of labor market depends upon several factors, long-term innovation and the demographic developments. However, one of the main drivers of technological change in the future is digitalization and central to this development is the production and use of digital logic circuits and its derived technologies, including the computer,the smart phone and the Internet. Especially, smart automation will perhaps not cause e.g.regarding industries, occupations, skills, tasks and duties

Der Wald-Wild-Konflikt – was kann die Forstökonomie zur Lösung beitragen? (Essay)

2017 ◽  
Vol 168 (4) ◽  
pp. 181-185
Author(s):  
Marc Hanewinkel
Keyword(s):  
Forest Economics ◽  
Production Risk ◽  
Damage Compensation ◽  
Land Expectation Value ◽  
Compensation Methods ◽  
The Future ◽  
Single Tree Selection ◽  
Simplifying Assumptions ◽  
Forest Enterprises

The forest-game conflict – how can forest economics contribute to solve it? (Essay) Core parameters of forest economics such as land expectation value or highest revenue show that damage caused by wild ungulates can critically influence the economic success of forest enterprises. When assessing and evaluating the damage in order to calculate damage compensation, methods are applied in Germany that look either into the past (“cost value methods”) or into the future (“expected value methods”). The manifold uncertainties related to this evaluation over long-term production periods are taken into account within a framework of conventions through strongly simplifying assumptions. Only lately, the increased production risk due to game-induced loss of species diversity is also considered. Additional aspects that should be taken into account in the future are the loss of climate-adapted species, the change of the insurance values of forest ecosystems and the impossibility of specific management systems such as single-tree selection forestry due to the influence of game. Because of high transaction costs when assessing the damage, financial compensation should only be the “ultimate measure” and a meditation between stakeholder groups with the goal to find a cooperative solution before the damage occurs should be preferred.

The Future of Muslim Education in the United States: An Agenda for Research

2003 ◽  
Vol 20 (3-4) ◽  
pp. 46-82
Author(s):  
Fathi Malkawi
Keyword(s):  
United States ◽  
The United States ◽  
American Education ◽  
Future Trends ◽  
Muslim Community ◽  
Short Term ◽  
The Future ◽  
Muslim Education ◽  
Future Plans

This paper addresses some of the Muslim community’s concerns regarding its children’s education and reflects upon how education has shaped the position of other communities in American history. It argues that the future of Muslim education will be influenced directly by the present realities and future trends within American education in general, and, more importantly, by the well-calculated and informed short-term and long-term decisions and future plans taken by the Muslim community. The paper identifies some areas in which a wellestablished knowledge base is critical to making decisions, and calls for serious research to be undertaken to furnish this base.

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