scholarly journals Wpływ światowego kryzysu gospodarczego na brazylijski i meksykański przemysł samochodowy

2011 ◽  
Vol 17 ◽  
pp. 129-143
Author(s):  
Mirosław Wójtowicz
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Automobile Industry ◽  
Global Economic Crisis ◽  
The Usa ◽  
Small Production

The aim of the study is to analyze the process of economic growth and changes of Brazilian and Mexican automobile industry in years 2000–2010. Special attention was paid to the situation of those industries in the years of global economic crisis and to strategies of dealing with the production and sales slump at the turn of years 2008–2009.The analysis confirmed disparities between Brazilian and Mexican automobile industries’ response to global economic crisis. The Mexican automobile sector was strongly affected by the slump in demand for new cars on the USA market whereas the Brazilian automobile sector experienced only a small production slowdown as the national demand for new cars soared.

The Reflections of the Recent Global Economic Crisis on the Turkish Tourism Sector

2014 ◽  
pp. 934-944
Author(s):  
Ali Yılmaz ◽  
Semra Gunay Aktaş
Keyword(s):  
Economic Crisis ◽  
Research Area ◽  
European Countries ◽  
International Level ◽  
City Center ◽  
Global Crisis ◽  
Tourism Sector ◽  
The World ◽  
Global Economic Crisis ◽  
The Usa

In this chapter, the reflections of the recent global crisis on the tourism sector have been studied. In the first part of the chapter, the effects of the global crisis on the tourism sector in the world and Turkey are examined. The latter parts of the research constitute of the evaluations regarding the effects of the global crisis on the Fairy Chimneys Area in the Cappadocia Tourism Region, and the hotels, motels, and souvenir shops there. Cappadocia was chosen as the research area since it is an important tourism attraction at both national and international level. Therefore, a survey has been conducted at the work places in Avanos, Urgüp, Göreme, and Nevsehir City Center in Cappadocia Tourism Region. The data obtained through the survey has been analized by SPSS 17 programs. At the end of the research, it was determined that the effects causing concern in the tourism sector started to be seen on the tourism region as well, although the economic crisis started in the USA and the European Countries.

scholarly journals The Serbian economy ten years after the global economic crisis

2020 ◽  
Vol 65 (225) ◽  
pp. 33-71
Author(s):  
Milica Uvalic ◽  
Bozidar Cerovic ◽  
Jasna Atanasijevic
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Economic Crisis ◽  
Global Financial Crisis ◽  
Policy Responses ◽  
Development Level ◽  
Global Economic Crisis ◽  
The Global Financial Crisis ◽  
Delayed Transition

The global financial crisis hit the Serbian economy severely in late 2008. The subsequent decade has been characterized by negative or very modest economic growth and Serbia is now just slightly above the development level of ten years ago. This paper analyses the most important economic milestones during this decade and investigates why only modest progress has been made, despite various measures implemented by the Serbian government. It examines the background to Serbia?s delayed transition and analyses the effects of the global economic crisis on the Serbian economy. It outlines the policy responses and their results, focusing on public finance, foreign trade, reindustrialisation, FDI, the labour market, and sources of growth. The paper sets out the key challenges to accelerating Serbia?s economic growth and identifies the main elements of a new long-term development strategy.

scholarly journals Reforms of pension system and problem of aging population

Stanovnistvo ◽  
2013 ◽  
Vol 51 (1) ◽  
pp. 91-102
Author(s):  
Danilo Sukovic
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Pension System ◽  
Pension Reform ◽  
Aging Population ◽  
Private Pension ◽  
Gradual Transition ◽  
Working Population ◽  
Advantages And Disadvantages ◽  
Global Economic Crisis

This paper analyzes the far-reaching changes on social plane caused by aging population which endanger social security for old people, especially in times of global economic crisis and major changes in the labor market. A special emphasis is given to the economic unsustainability of the pension system in Serbia, where the ratio of the aging population and the working population is very unfavorable, and where high unemployment and weak economic growth threaten an aging population and increase the poverty. The analysis shows that pensions in Serbia in recent years have a real decline, and their relation to average earnings is still unfavorable despite large subsidies from the state budget which last years covers about 50 % of the expenditure for pensions. The second part of the paper discusses the advantages and disadvantages of PAYG (pay as you go) pension system and private pension insurance. The advantage of PAYG pension system is that it protects the retired persons' savings which would not be lost due to extraordinary market circumstances, such as wars, high inflation, etc. This system avoids the risk of a failed investment opportunities, which is the biggest weakness of private pension funds. In addition, the population trust this system believing that the government will not allow them to live in poverty when they get old. The key advantage of the private pension system is that this system realizes the economic function of pensions, because contributions paid are saving for their old age. Also, the placement of pension contributions to the capital market increase the return on investment and total government savings, which contribute to higher economic growth. Advantages of one pension system are actually weaknesses of another. Since the system "pay as you go" has proved ineffective to provide pension funding for the elderly population, which is increasing due to longer life expectancy, and its relationship to the working population is more unfavorable, it is necessary to introduce the pension reform, which has already more or less successfully implemented in many countries of the world. Globalization and especially the global economic crisis have made this issue particularly urgent. Finally, it is noted that the pension reform in Serbia should not just include leaving the system "pay as you go" and a gradual transition to a private pension plan. Also, it is necessary to implement the long overdue economic reforms to achieve significant long-term economic growth, because only higher economic growth can create the material conditions for desired changes in the pension system.

scholarly journals The Impact of Housing Loans on Economic Growth in Turkey: Times Series Analysis for 2010-2015 Period

2017 ◽  
Vol 7 (1) ◽  
pp. 25-30
Author(s):  
Gülay Selvi Hanişoğlu ◽  
Özlem Arzu Azer
Keyword(s):  
Economic Growth ◽  
Construction Industry ◽  
Economic Crisis ◽  
Foreign Currency ◽  
Times Series ◽  
Turkish Economy ◽  
Global Economic Crisis ◽  
Housing Industry ◽  
Times Series Analysis ◽  
The Impact

Turkish economy has a growing trend after the 2000-2001 economic crises, although ups and downs were experienced in some periods. Some of the important components of Turkish economy are the construction industry and the related housing industry. The construction industry in Turkey has a multiplier effect in the economy since it uses domestic inputs and creates jobs for the labor. Also, the construction sector actors operate overseas and enable inflow of foreign currency to Turkey, thus fostering economic growth. In the recent years, foreign funds and overseas firms have an increasing interest in Turkish construction industry. The Turkish housing industry as one of the leading components of construction industry has also experienced eye-catching developments in the recent years. Definitely, the Turkish housing industry is now much more competitive compared to former years. The global economic crisis of 2008 originated from the housing industry and had devastating effects all over the world. However, the 2008 global economic crisis had relatively lighter effects in Turkey. Parallel to the improvements in construction and housing industries, several financial alternatives exist today. Banks have diversified their credit products considering the needs of consumers. Moreover, the mortgage law going in effect and the mortgage practices becoming popular have contributed to the progress of housing industry. This study analyzed the effect of housing loans and their diversification on economic growth. The research concentrated on the 2010-2015 period, where the impact of 2008 global crisis has diminished.

A new wave of the global debt crisis: the risks increase

2017 ◽  
pp. 81-95
Author(s):  
B. Kheyfets
Keyword(s):  
Economic Growth ◽  
Economic Crisis ◽  
Acute Phase ◽  
Global Governance ◽  
Debt Crisis ◽  
New Wave ◽  
Debt Burden ◽  
The Usa ◽  
The Eu ◽  
Japan And China

Unlike the formally overcome global financial and economic crisis, which began in 2008, the global debt crisis, having passed an acute phase, continues. The article shows the features of the current global debt crisis and analyzes the main trends of its manifestation. The problems of the largest regions and countries with high debt burden - the EU, the USA, Japan, and China - are considered in detail. The main strategies worked out to overcome the current debt crisis have been singled out, and their positive and negative sides for stable economic growth have been assessed. The emerging prerequisites for aggravating the global debt crisis are shown. It is concluded that there is a need to attract more attention of the international community to debt problems, which should become one of the priority goals of global governance.

scholarly journals How Do Institutions Determine Economic Growth? Evidеnce from Central and Eastern Europe before and during Global Economic Crisis

2014 ◽  
Author(s):  
Trajko Slaveski ◽  
Darko Lazarov
Keyword(s):  
Economic Growth ◽  
Regression Model ◽  
Economic Crisis ◽  
Fixed Effects ◽  
Regression Models ◽  
Transition Period ◽  
Negative Influence ◽  
Global Economic Crisis ◽  
Dynamic Panel Regression ◽  
The Eu

We investigate the influence of institutions on economic growth and the level of income per capita in CEE region, before and during the global economic crisis. We use principal factor component analysis in order to create a more reliable and representative variable that will measure the institutional quality in our regression models, and avoid the multi colinearity, a common statistical weakness for this type of regression models. The results from panel (random and fixed effects) regressions and GMM dynamic panel regression lead to two contrasting insights. The first regression model shows positive and statistically significant correlation between institutions and economic growth, which would imply that the CEE countries that have created a strong institutional capacity during transition and post-transition period have experienced higher economic growth. The second regression model, which refers to the global economic crisis period, shows a negative influence of institutions on economic growth for the same sample of countries. One explanation for this result might be the fact that countries with a higher degree of integration into the EU were also more vulnerable to the global economic crisis.

Does the Ongoing Global Economic Crisis Put Diversity Gains at Risk?

2016 ◽  
pp. 424-452 ◽  
Author(s):  
Joana Vassilopoulou ◽  
Kurt April ◽  
Jose Pascal Da Rocha ◽  
Olivia Kyriakidou ◽  
Mustafa Ozbilgin
Keyword(s):  
South Africa ◽  
Economic Crisis ◽  
Diversity Management ◽  
Business Case ◽  
The World ◽  
Global Economic Crisis ◽  
International Diversity ◽  
The Usa ◽  
Critical Account ◽  
Diversity Gains

This chapter builds on an earlier chapter titled “International Diversity Management: Examples from the USA, South Africa, and Norway.” In the first version of this chapter, we found one common subject emerging when looking closer at all three examples. In all three cases we found a call for the moral and justice case for diversity management, instead of the business-case alone. Based on this commonality and in light of the ongoing global economic crisis and its possible deteriorating effect for the international diversity agenda we decided to offer a more critical account on international diversity management with this chapter. This chapter offers examples from the USA, South Africa and Greece. We conclude the chapter arguing that while the three countries face all different challenges due to the global economic crisis, the way governments across the world respond to the crisis is often similar, which endangers past diversity gains and translates in a backlash for diversity.

The Reflections of the Recent Global Economic Crisis on the Turkish Tourism Sector

2013 ◽  
pp. 250-260
Author(s):  
Ali Yilmaz ◽  
Semra Gunay Aktas
Keyword(s):  
Economic Crisis ◽  
Research Area ◽  
European Countries ◽  
International Level ◽  
City Center ◽  
Global Crisis ◽  
Tourism Sector ◽  
The World ◽  
Global Economic Crisis ◽  
The Usa

In this chapter, the reflections of the recent global crisis on the tourism sector have been studied. In the first part of the chapter, the effects of the global crisis on the tourism sector in the world and Turkey are examined. The latter parts of the research constitute of the evaluations regarding the effects of the global crisis on the Fairy Chimneys Area in the Cappadocia Tourism Region, and the hotels, motels, and souvenir shops there. Cappadocia was chosen as the research area since it is an important tourism attraction at both national and international level. Therefore, a survey has been conducted at the work places in Avanos, Urgüp, Göreme, and Nevsehir City Center in Cappadocia Tourism Region. The data obtained through the survey has been analized by SPSS 17 programs. At the end of the research, it was determined that the effects causing concern in the tourism sector started to be seen on the tourism region as well, although the economic crisis started in the USA and the European Countries.

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