A Michigan Lumbering Family

1960 ◽  
Vol 34 (1) ◽  
pp. 64-76
Author(s):  
Ruth B. Bordin
Keyword(s):  
Economic Growth ◽  
Raw Materials ◽  
The Other ◽  
Simple Processing ◽  
The One

The bonanza lure of lumbering proved irresistible to many established small businessmen, who were dazzled by the prospects of cheap raw materials and simple processing, on the one hand, and by growing markets on the other. Disillusionment was frequent, but amidst crushing difficulties created by inexperience and inadequate capital the small operator proved remarkably ingenious and persistent. His often ill-rewarded and seemingly unjustified ventures contributed much to the economic growth of the nation.

DIFFERENCES AND SIMILARITIES OF ENTREPRENEURIAL CHARACTERISTICS IN A DIVERSE SOCIAL SETTING-EVIDENCE FROM AUSTRALIAN AND SINGAPOREAN MANAGERS

2001 ◽  
Vol 09 (03) ◽  
pp. 273-289 ◽  
Author(s):  
CECIL A. L. PEARSON ◽  
SAMIR R. CHATTERJEE
Keyword(s):  
Economic Growth ◽  
International Entrepreneurship ◽  
Personality Characteristics ◽  
The Other ◽  
Personal Attributes ◽  
Work Setting ◽  
Social Setting ◽  
Geographic Boundaries ◽  
National Economic ◽  
The One

Despite the growing acceptance that entrepreneurship facilitates national economic growth there has been a lack of research in diverse international contexts. This paper assesses relationships between contextual work setting properties and three personality characteristics that have been identified in the Western literature as being associated with entrepreneurial motivation. Responses from 410 Australian and Singaporean entrepreneurs and non-entrepreneurs demonstrate on the one hand there was systematic entrepreneurial variation between the two countries, but on the other hand, the influence of personal attributes on entrepreneurship were not hampered by geographic boundaries. The findings are discussed in terms of challenges for international entrepreneurship.

scholarly journals The Theory of Democratic Antinomies and the Identification of Value Trade-Offs in Political Practice

2019 ◽  
Vol 7 (4) ◽  
pp. 264-274 ◽  
Author(s):  
Oliver Hidalgo
Keyword(s):  
Economic Growth ◽  
Political Theory ◽  
The Other ◽  
Democratic Institutions ◽  
Political Practice ◽  
Relevant Issue ◽  
General Argument ◽  
Trade Offs ◽  
The One ◽  
Existence Of Value

In theory, the idea of democracy consists of several insoluble contradictions, aporias, and conflicts. In practice, democracy demands an effective balancing of its essentially opposing principles and values in order to preserve an authentic character as well as to avoid its inherent self-destructive tendencies. In this regard, the concept of value trade-offs promises a heuristic tool to grasp both the analytical and normative impact of a political theory which takes the complexity of democracy seriously. Proceeding from this, the contribution will demonstrate to what extent the conceptualisation of democratic antinomies and the notion of value trade-offs can be seen as a kind of communicating vessel. The article’s general argument is that democracy is defined by several antinomies that are irreducible in theory and therefore require trade-offs in political practice. Moreover, it will discuss three relevant issue areas to suggest the approach’s empirical relevance and to prove the existence of value trade-offs as an operating benchmark for the legitimacy and consolidation of democratic processes on the one hand but also for their shortcomings and risks on the other. Correspondingly, the article concerns the antinomic relationships between freedom and security, economic growth and sustainability, and finally, democracy and populism to underpin the general perception that the success of democratic institutions first and foremost depends on the balance of the necessarily conflicting principles of democracy.

South African Economy: No Easy Life Ahead

2015 ◽  
pp. 104-116
Author(s):  
P. Mozias
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Interest Rates ◽  
South African ◽  
Trade Unions ◽  
Current Account Deficit ◽  
National Development ◽  
Capital Inflows ◽  
The Other ◽  
The One

South African rand depreciated in 2013–2014 under the influence of a number of factors. Internationally, its weakness was associated with the capital outflow from all emerging markets as a result of QE’s tapering in the US. Domestically, rand plummeted because of the deterioration of the macroeconomic stance of South Africa itself: economic growth stalled and current account deficit widened again. Consumer spending was restrained with the high household indebtedness, investment climate worsened with the wave of bloody strikes, and net export was still prone to J-curve effect despite the degree of the devaluation happened. But, in its turn, those problems are a mere reflection of the deep institutional misbalances inherent to the very model of the national economy. Saving rate is too low in South Africa. This leads not only to an insufficient investment, but also to trade deficits and overdependence on speculative capital inflows. Extremely high unemployment means that the country’s economic potential is substantially underutilized. Joblessness is generated, first and foremost, by the dualistic structure of the national entrepreneurship. Basic wages are being formed by way of a bargaining between big public and semi state companies, on the one hand, and trade unions associated with the ruling party, on the other. Such a system is biased towards protection of vested interests of those who earn money in capital-intensive industries. At the same time, these rates of wages are prohibitively high for a small business; so far private companies tend to avoid job creation. A new impulse to economic development is likely to emerge only through the government’s efforts to mitigate disproportions and to pursue an active industrial policy. National Development Plan adopted in 2012 is a practical step in that direction. But the growth of public investment is constrained by a necessity of fiscal austerity; as a result, the budget deficit remained too large in recent years. South African Reserve Bank will have to choose between a stimulation of economic growth with low interest rates, on the one hand, and a support of rand by tightening of monetary policy, on the other. This dilemma will greatly influence prices of securities and yields at South African financial markets.

A Critical Analysis of the Limitations and Effects of the Brazilian National Broadband Plan

2013 ◽  
pp. 255-274
Author(s):  
André Lemos ◽  
Francisco Paulo Jamil Almeida Marques
Keyword(s):  
Economic Growth ◽  
Twentieth Century ◽  
Critical Analysis ◽  
The Other ◽  
Regulatory Agencies ◽  
Net Neutrality ◽  
Political Effects ◽  
State Monopoly ◽  
Telecommunications Services ◽  
The One

This chapter examines the limitations and the socio-political effects of the Brazilian National Broadband Plan (PNBL: is its Portuguese acronym). The discussion considers the main transformations witnessed in the telecommunications landscape in Brazil during the second half of the twentieth century. On the one hand, the end of state monopoly of telecommunications services and the provision of such services by the private sector called for greater investments in infrastructure. On the other hand, the Brazilian regulatory agencies have failed to lower prices, promote competition, and spread broadband access to remote and underserved areas. The PNBL was launched in order to deal with these difficulties. The plan, however, has at least three important problems: (1) the low-speed connection offered to users, (2) the unattractive prices, and (3) the lack of reflection on issues such as net neutrality. The text argues that only by taking such issues into consideration will the plan ensure innovation, economic growth, diversity, and freedom of access to information.

The Pattern of Economic Growth

2020 ◽  
pp. 66-98
Author(s):  
Tirthankar Roy
Keyword(s):  
Economic Growth ◽  
Statistical Data ◽  
Average Rate ◽  
Economic Change ◽  
National Income ◽  
The Other ◽  
Colonial India ◽  
Definite Pattern ◽  
Per Capita ◽  
The One

Economic change in colonial India followed a definite pattern. Chapter 3 describes the pattern with statistical data. The chapter shows that the average rate of growth of national income per capita was low, but that the average picture is misleading since the experiences of agriculture on the one hand and industry and services on the other differed greatly. The presence of dissimilar trajectories complicates the task of explaining the pattern of change. The chapter suggests that instead of asking if colonialism and globalization made India rich or poor, we should be asking why colonialism and globalization made some livelihoods rich and left some others poor. Chapter 3 surveys the statistical data that enables asking question like this one.

Economic Growth and Structural Change in Turkey 1960–88

1994 ◽  
Vol 26 (1) ◽  
pp. 37-56 ◽  
Author(s):  
A. Aydin Çeçen ◽  
A. Suut Doğruel ◽  
Fatma Doğruel
Keyword(s):  
Economic Growth ◽  
Economic History ◽  
Structural Adjustment ◽  
Military Intervention ◽  
State Intervention ◽  
Economic Liberalization ◽  
The Other ◽  
New Era ◽  
Domestic Capital ◽  
The One

After almost five decades of industrialization—characterized, on the one hand, by considerable state intervention and, on the other, by protectionist import-substituting policies in domestic capital formation—in the early 1980s Turkey ostensibly entered a new era of export-led economic growth. Since 1960, the Turkish democracy has experienced a series of crises with astonishingly regular ten-year cycles of recurrence. The 1980 military intervention, however, brought about a radical attempt to restructure the economy, hardly comparable with the rather gradual changes in its recent economic history. Its ten years of experimentation with economic liberalization and structural adjustment provide us today with an adequate record to identify and discuss at least the salient features of this period by comparing the performance of the economy in different years.

Public holidays, tourism, and economic growth

2017 ◽  
Vol 24 (4) ◽  
pp. 473-485 ◽  
Author(s):  
Franco Barrera ◽  
Nicolás Garrido
Keyword(s):  
Economic Growth ◽  
Optimal Number ◽  
The Other ◽  
Nonlinear Relationship ◽  
Other Hand ◽  
The One ◽  
Public Holidays

In this article, a mechanism supporting the existence of an inverted u-shaped relation between the number of public holidays and the growth of an economy is presented. The nonlinear relationship is originated by two forces within a Schumpeterian economy: On the one hand, as the number of public holidays grows, the total number of workers searching for innovation increases; on the other hand, as the number of days of recreation increases, the number of working days producing innovations decreases. The combination of these two forces generates the inverted u-shaped relationship. The hypothesized mechanism suggests the existence of an optimal number of public holidays for an economy.

scholarly journals THE ESSENCE OF FINANCIAL AND ECONOMIC REGULATION OF THE AGRICULTURAL SECTOR OF THE ECONOMY

2021 ◽  
pp. 33-36
Author(s):  
Andrii Zelenskiy ◽  
Diana Krysinska
Keyword(s):  
Economic Growth ◽  
Agricultural Production ◽  
Agricultural Sector ◽  
The Other ◽  
Economic Regulation ◽  
Agricultural Producers ◽  
Agricultural Enterprises ◽  
Domestic Practice ◽  
The One ◽  
Theoretical Foundations

The article reveals the theoretical foundations of the system of financial and economic regulation of agricultural production, based on domestic practice and best foreign practices. Various author's approaches to the structuring of the components of financial and economic regulation of agricultural enterprises are considered. It is established that improving the efficiency of support for national agricultural producers depends on the rate of real economic growth, which, on the one hand, will increase the state's ability to subsidize agricultural enterprises, and on the other - increase domestic sources of investment in agricultural projects.

scholarly journals Megatrends and Disruptors and Their Postulated Impact on Organizations

2020 ◽  
Vol 12 (20) ◽  
pp. 8740
Author(s):  
Julie Linthorst ◽  
André de Waal
Keyword(s):  
Economic Growth ◽  
Decision Making ◽  
Sustainable Development ◽  
Literature Review ◽  
Sustainable Development Goals ◽  
The Other ◽  
Decent Work ◽  
Academic Literature ◽  
Development Goals ◽  
The One

The coming decades are expected to be extremely challenging for organizations. On the one hand, there are the United Nations Sustainable Development goals to end poverty, protect the planet and improve the lives and prospects of everyone. On the other hand, organizations are expected to have to deal with an increasing number of megatrends and disruptors, many of which are already having an impact. To help organizations in their priority setting and decision-making so they can contribute to the development goals (specifically Goal 8: decent work and economic growth), a descriptive literature review was undertaken to identify which megatrends and disruptors will impact the future of organizations and in what ways they are expected do this. From the literature, thirteen megatrends and one disruptor emerged, and for each of these their postulated impact and consequences for organizations as described in the literature were gathered. The study reveals that there is ample attention given to megatrends in the academic literature but that not much can be found about dealing with disruptors. As a consequence, academic literature currently falls short in suggesting ways in which organizations can deal with disruptors. Managerial literature offers more suggestions in this respect.

An Economist on History: Deirdre Mccloskey’s Perspective

2014 ◽  
pp. 129-146 ◽  
Author(s):  
A. Zaostrovtsev
Keyword(s):  
Economic Growth ◽  
Institutional Change ◽  
Radical Change ◽  
The Other ◽  
Western World ◽  
Fundamental Research ◽  
The One ◽  
Almost All ◽  
Deirdre Mccloskey

The article analyzes the conception of the history and progress of mankind, presented in recent fundamental research by Deirdre McCloskey. The author stresses the non-materialistic view of institutional change that is characteristic of them. The article examines the controversy with almost all current explanations of the breakthrough of the Western world to the economic growth and prosperity. The paper also presents McCloskey’s own theory that explains this breakthrough by the radical change of rhetoric recognizing the “bourgeois virtues” and the dignity of the bourgeoisie. Attention is drawn to the fact that McCloskey’s views repudiate the predetermined course of history, on the one hand, and its irreversibility, on the other.

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