scholarly journals Politics and the financial crisis

2009 ◽  
Vol 15 (1) ◽  
pp. 186-218
Author(s):  
Bill Rosenberg

Two major events had been dominating effects in the New Zealand media in 2008. The general election was a demanding time in which the media played an active role beyond simply reporting events and came under scurtiny almost as much as the politicians. The international financial crisis became real for the world economy including New Zealand during the year. It cut advertising revenue, leading to financial stresses which had multiple effects on the media as for the rest of the economy. Covering the crisis in all its unpleasent innovation, historical parallels and complexity was also a test of journalists and media outlets in New Zealand as elsewhere. Meanwhile, digital media have continued to expand their coverage, influence, and financial impact, forcing the conventional media to change in the way they see the world. In New Zealand this was emphasised by a wide-ranging regulatory review. It is remarkable that ownership of the media has remained stable during the year. This is as much a result of the credit crunch as depite it: one major owners tried to sell and failed. The ownership continues to be highly concentrated with further acquisitions and centralisation by the major owners. This second annual survey of the media also looks at some developments between the law and the media and changes in the newspaper, internet, magazine, television and radio segements. 

Author(s):  
Deborah W. Gregory

The term “financial psychopath” was coined after the financial crisis of 2007−2008. Intended as a term of derision, the media used it to negatively label financial professionals, rather than to draw a clinical profile. The expression succinctly conveys the widespread post−2008 public anger and resentment toward those in the finance profession, particularly on Wall Street, who were responsible for damaging the world economy and destroying the personal wealth of many people. In the decades before the financial crisis, multiple factors had come together to change the operating structure of the financial landscape. This new environment was conducive to investment professionals’ engaging in transactions bearing the hallmarks of psychopathic behavior. What defines a financial psychopath? Is the answer in the individual’s personality traits, the behavioral edicts dictated by the environment within which he or she works, or a combination? This chapter attempts to answer these questions.


2021 ◽  
Vol 10 (1) ◽  
pp. e59052
Author(s):  
Gabriel Barbosa de Castilho

Há um consenso na academia em atribuir a causa da crise internacional de 2008 ao processo de financeirização da economia dos Estados Unidos. Esta pesquisa considera esse entendimento correto, porém insuficiente para entender com profundidade como a crise impactou a economia mundial e o sistema interestatal. O objetivo deste trabalho é fugir do “nacionalismo metodológico” que permeia essa visão e entender a crise de 2008 como uma crise da conjuntura da economia-mundo capitalista. Seguindo a análise dos Sistemas-Mundo, o artigo é iniciado com o estudo da atual conjuntura, de expansão financeira do ciclo sistêmico estadunidense, que deve ser entendida através dos processos complementares de financeirização econômica e reestruturação produtiva mundial. Em um segundo momento, a pesquisa se volta para entender como esses dois processos construíram um “eixo sino-americano de acumulação”. Finalmente, entende-se que, apesar da aparente simbiose dessa relação, ela apresenta um desequilíbrio estrutural que originou a crise de 2008.Palavras-chave: Crise Financeira Internacional de 2008; China; Estados Unidos.ABSTRACTThere is a consensus in academia to attribute the cause of the 2008 international crisis to the financialization process of the United States’ economy. This research considers this understanding correct, but insufficient for a deep understanding of the crisis’ impact in the world economy and in the interstate system. This research aims to escape the “methodological nacionalism” that permeates this vision, understanding the 2008 crisis as a crisis in the conjuncture of the capitalist world-economy. Following the World-Systems Analysis, this research starts with the study of the current conjuncture, the financial expansion of the American systemic cycle of accumulation, which must be understood through the complementary processes of economic financialization and world productive restructure. In a second step, the research turns to understand how these two processes built a “Sino-American axis of accumulation”. Finally, it is understood that, despite the apparent symbiosis of this relationship, it presents a structural imbalance that originated the 2008 crisis.Keywords: 2008 International Financial Crisis; China; United States. Recebido em: 10/04/2021 | Aceito em: 17/07/2021. 


2018 ◽  
Vol 3 (2) ◽  
pp. 85-94
Author(s):  
Heni Agustina ◽  
Djoko Soelistya

Abstract: The presence of food and beverage companies currently have an active role in the world economy, where the existence of such companies did not escape from the large number of funding. The funds obtained from some shareholders. Shareholding itself consists of managerial ownership, institutional ownership, and public ownership. This research is quantitative research using observa- tion because it describes the relationships between variables through testing hypothesis. Samples taken from a population with specific criteria. The population in this study i.e. finance report food and beverage companies as much as 70 financial report of the food and beverage companies that are registered in BEI. The results in this study indicates that the managerial ownership variables have no effect on profitability, but institutional ownership and public ownership has an influence on profitability.


2021 ◽  
Vol 4 (1) ◽  
pp. 59-64
Author(s):  
Rahmatul Husna Arsyah ◽  
Astri Indah Juwita

Abstract: Nagari Pariangan as the most beautiful tourist village in the world has a place to help the community's economy, increase local revenue (PAD). Local industrial products that have been owned by the community can become souvenirs for visiting tourists. However, in fact Nagari Pariangan does not have the media to promote it. This study aims to analyze the convergence of media in marketing the local industrial handicraft products of the community. This research approach is descriptive qualitative, with data collection methods, namely by means of observation and interviews and literature review. The results of this study reveal that Nagari Pariangan is an area with tourism potential that has become the spotlight of the world, there is a need for a media that helps the community in introducing local Nagari products in order to increase local community income. The main key to convergence is digitization, Nagari Pariangan does not yet have digital media as a forum for supporting community industrial output. Based on the 3C technology dimension (Communication, Compute and Contents), which consists of the IT Industry, Telcom Infrastructure Provides, and the Content Industry. Nagari Pariangan is considered capable of building a digitalized medium, in order to be able to make the economy of the people in areas that have tourism potential much better.     Keywords: convergence; craft produk; media  Abstrak: Nagari Pariangan sebagai desa wisata terindah dunia memiliki wadah untuk membantu perekonomian masyarakat, menambah pendapatan asli daerah (PAD). Hasil Industri lokal yang selama ini dimiliki oleh masyarakat bisa menjadi oleh-oleh bagi wisatawan yang berkunjung. Namun, pada kenyataanya Nagari pariangan belum memiliki media dalam mempromosikannya. Penelitian ini bertujuan untuk melakukan analisis konvergensi media dalam memasarkan produk kerajinan industri lokal masyarakat. Metode penelitian ini adalah kualitatif deskriptif, dengan metode pengumpulan data yaitu dengan cara observasi dan wawancara serta kajian literatur. Hasil dari penelitian ini mengungkapkan bahwa Nagari Pariangan merupakan daerah dengan potensi wisata yang sudah menjadi sorotan dunia, dan perlu adanya sebuah media yang membantu masyarakat dalam memperkenal produk lokal nagari agar bisa menambah pendapatan masyarakat setempat. Kunci utama konvergensi adalah digitalisasi, Nagari Pariangan belum memiliki media digital sebagai wadah dalam mendukung hasil industri masyarakat. Berdasarkan dimensi teknologi 3C (Communication, Compute and Contents), yang terdiri dari IT Industry, Telcom Infrastructure Provides, serta Content Industry. Nagari Pariangan dirasa mampu untuk membangun sebuah media yang digitalisasi, agar mampu menjadikan ekonomi masyarakat di daerah yang memiliki potensi wisata jauh lebih baik.Kata kunci: konvergensi; media; produk kerajinan


2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.


2020 ◽  
Vol 5 (2) ◽  
pp. 1-9
Author(s):  
Gabriela Christmann ◽  
Ajit Singh ◽  
Jörg Stollmann ◽  
Christoph Bernhardt

<p>This editorial introduces the subject matter of the thematic issue, which includes a diverse collection of contributions from authors in various disciplines including, history, architecture, planning, sociology and geography. Within the context of mediatisation processes—and the increased use of ever-expanding I&amp;C technologies—communication has undergone profound changes. As such, this thematic issue will discuss how far (digital) media tools and their social uses in urban design and planning have impacted the visualisation of urban imaginations and how urban futures are thereby communicatively produced. Referring to an approach originating from the media and communication sciences, the authors begin with an outline of the core concepts of mediatisation and digitalisation. They suggest how the term ‘visualisation’ can be conceived and, against this background, based upon the sociological approach of communicative constructivism, a proposal is offered, which diverges from traditional methods of conceptualising visualisations: Instead, it highlights the need for a greater consideration towards the active role of creators (e.g., planners) and recipients (e.g., stakeholders) as well as the distinctive techniques of communication involved (e.g., a specific digital planning tools). The authors in this issue illustrate how communicative construction, particularly the visual construction of urban futures, can be understood, depending upon the kind of social actors as well as the means of communication involved. The editorial concludes with a summary of the main arguments and core results presented.</p>


2009 ◽  
Vol 8 (3) ◽  
pp. 178-220 ◽  
Author(s):  
Finn Østrup ◽  
Lars Oxelheim ◽  
Clas Wihlborg

Since July 2007, the world economy has experienced a severe financial crisis that originated in the U.S. housing market. Subsequently, the crisis has spread to financial sectors in European and Asian economies and led to a severe worldwide recession. The existing literature on financial crises rarely distinguishes between factors that create the original strain on the financial sector and factors that explain why these strains lead to system-wide contagion and a possible credit crunch. Most of the literature on financial crises refers to factors that cause an original disruption in the financial system. We argue that a financial crisis with its contagion within the system is caused by failures of legal, regulatory, and political institutions.


Author(s):  
Dariusz Wójcik

The chapter outlines the concept of the global financial networks, defined as networks of the financial and business services firms, and their activities linking financial centres, offshore jurisdictions, and the rest of the world. It is a concept that helps to map finance, place it on the map of the world economy, and analyse the latter in a dynamic framework accounting for the forces of globalization and financialization. At the core of the global financial networks lies the global network of securities centres, focused on the creation, distribution, and circulation of securities, which contributed to the recent global financial crisis. Major trends reshaping the global financial networks include the rise of regulation and public finance, technologies connecting investors, borrowers and lenders with each other, and a potential geo-financial shift towards Asia.


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