Competition on the Nasdaq and the Impact of Recent Market Reforms

CFA Digest ◽  
2001 ◽  
Vol 31 (3) ◽  
pp. 69-70
Author(s):  
Joseph D.V. Vu
Keyword(s):  
Author(s):  
Zaad Mahmood

The chapter discusses the party system in the macro context of politics. It highlights the limitations of political party and interest group analysis without reference to the political competition that shapes behaviour in politics. The chapter discusses theoretically the impact of party system on labour market flexibility and proceeds to show the interrelation between party competition and the behaviour of political parties, composition of socio-economic support bases, and the behaviour of interest groups that influence reform. In the context of labour market flexibility, the party-system operates as an intermediate variable facilitating reforms. The chapter contradicts the conventional notion that party system fragmentation impedes reform by showing how increasing party competition corresponds to greater labour market reforms. It shows that increases in the number of parties, facilitates labour market reforms through marginalization of the issue of labour, realignment of class interests within broader society and fragmentation of trade union movement.


Author(s):  
Henry-Louis Taylor

This chapter on “The Odd Couple: ‘Incomplete Socialism’ and Social Enterprises in Cuba,” uses an incomplete socialism and social enterprise framework to examine the impact of the 2011 Guidelines of the Economic and Social Policy of the VI Congress of the Communist Party of Cuba on Cuban society. It posits that market elements will exist in socialist societies throughout the age of capitalism, but that these market forces can be harnessed and used to produce desirable social outcomes. The 2011 Guidelines produced market forces and social policies that weakened egalitarianism in Cuba, triggered increments in racism, and increased hardship among Afro-Cubans, but they did not spark capitalist restoration. Cuba kept its eyes on the prize of social and human development and made improvements in these areas despite economic challenges. The conclusion is that market reforms will not necessarily generate capitalist restoration because they can be used to complement socialist construction by generating positive social outcomes.


2012 ◽  
Vol 02 (02) ◽  
pp. 20-30
Author(s):  
OKE MICHAEL OJO ◽  
ADEUSI S.O.

This study examines the impact of capital market reforms on the Nigerian economic growth between 1981 and 2010. The prevailing challenges in the World financial markets; especially the capital market justifies the various forms of reforms going on around the World. The ordinary least square method of regression and the Johansen co-integration analysis were employed to analyse the secondary data sourced from the Central Bank of Nigeria statistical bulletin, the Nigeria Stock Exchange Fact book and the Nigeria Security and Exchange Commission Reports. The results show that capital reforms positively impact the economic growth. The study recommends among others that government should objectively evaluate enacted laws and reforms agenda in a manner that will enhance economic growth rather than considering political issues before embarking on reforms.


2005 ◽  
Vol 4 (1) ◽  
pp. 5-21 ◽  
Author(s):  
Madeleine Reeves

This article explores the impact of market metaphors and mechanisms on higher education in Kyrgyzstan. Drawing upon recent anthropological literature on the local meanings of market reforms in post-socialist contexts, as well as work in the field of educational policy that has focused attention on the ‘local spaces' in which curricular and administrative reforms are encountered, this study will explore the ways in which languages of market have been received and appropriated by the students, teachers and administrators who have to negotiate what Kyrgyzstani higher education reform means in practice. Specifically, the article examines how practices and valuations of higher education have been affected by the opening of commercial ( kontraktnyie) departments in nominally state universities, by the transformation of curricular content and teaching practice in the social sciences, and by the severing of the Soviet-era link between higher education and guaranteed professional employment. Drawing upon interviews and participant observation, it will suggest that we need to move beyond the overdrawn dichotomies in which contestations over the post-Soviet educational space are generally cast (‘East’ vs. ‘West’; ‘Tradition’ vs. ‘Innovation’) to focus on the complex ways in which educational ‘reform’ is practised and interpreted in specific institutional settings.


2008 ◽  
Vol 16 (4) ◽  
pp. 453-475 ◽  
Author(s):  
Bernardo da Veiga ◽  
Felix Chan ◽  
Michael McAleer

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