scholarly journals Konkurencyjność przedsiębiorstw w dobie globalnego kryzysu finansowego

2010 ◽  
Vol 6 ◽  
pp. 78-91 ◽  
Author(s):  
Radosław Repetowski
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Market Economy ◽  
Economic Activity ◽  
Global Economy ◽  
Global Financial Crisis ◽  
Stock Index ◽  
Limited Volume ◽  
The Global Financial Crisis ◽  
A Company

Competition is a process that occurs in every aspect of human activity especially when it comes to economic activity within the market economy, which is one of the fundamental forms of social organization of economic activity. Traders are forced to make decisions concerning both the production and resource allocation, which is an inherent factor in competition. One of the preconditions for the process of competition is the scarcity of a resource in relation to the demand for the goods. In the case of a market economy we are dealing with a limited volume of demand for the asset. So competition is one of the features of a market economy. The continuous competition of traders in order to achieve the same goal (profit maximizing), is a necessary factor in the success or failure of a company, industry, region or national economy. The situation becomes even more complicated when companies are forced to act in times of crisis. The crisis should be understood as a worldwide collapse of the economy manifested primarily by a fall of the stock index, decrease of production, rising unemployment, declining economic growth, declining revenues or by the failure of the financial system. The global economy is currently in a deep financial crisis, which is why, in order to survive, companies operating in that environment must have the ability to quickly adapt to the rapidly changing environment. The author of this text presents the essence of competition as an economic phenomenon, the causes of the global financial crisis and possible actions and strategies that may enable companies to compete effectively in the present crisis.

International Financial Centres after the Global Financial Crisis and Brexit

2018 ◽  
Keyword(s):  
New York ◽  
Financial Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
New Technology ◽  
Interdisciplinary Approach ◽  
Important Change ◽  
Social Scientists ◽  
The Global Financial Crisis ◽  
Financial Technology

This book gathers leading economic historians, geographers, and social scientists to focus on the developments in key international financial centres following the 2008 Global Financial Crisis and to consider the likely effects of Brexit on these centres. Eleven centres in eight countries are taken into consideration: New York, London, Frankfurt, Paris, Zurich/Geneva, Hong Kong/Shanghai/Beijing, Tokyo, and Singapore. The book addresses three main issues. The first is the hierarchy of international financial centres, in particular whether Asian financial centres have taken advantage of the crisis in the West. The second is the medium-term effects of the crisis, with respect to the volume of business activity (including employment), and the level of regulation, with concerns regarding the risks of regulatory overkill. And the third is the rise of new technology, known as fintech, possibly the most important change in the decade following the crisis, with questions as to whether it will render financial centres, as we know them, unnecessary for the functioning of the global economy, and which cities are likely to emerge as hubs of new financial technology. Finally, the book discusses the likely effects of Brexit on international financial centres, in particular London, Paris, and Frankfurt. The book takes a decidedly interdisciplinary approach, with a general introduction providing a global overview from a historical perspective, and a general conclusion providing a global overview from a geographical perspective. Its focus on the implications for global financial centres is unique among books about the aftermath of the Global Financial Crisis.

scholarly journals Do Bubble Behaviors Exist in Chinese Film Stocks?

SAGE Open ◽  
2020 ◽  
Vol 10 (4) ◽  
pp. 215824402098330
Author(s):  
Chi-Wei Su ◽  
Lu Liu ◽  
Kai-Hua Wang
Keyword(s):  
Economic Growth ◽  
Global Financial Crisis ◽  
Film Industry ◽  
Stock Index ◽  
Industrial Policies ◽  
Chinese Film ◽  
Augmented Dickey Fuller ◽  
Boom And Bust ◽  
Negative Impacts ◽  
The Global Financial Crisis

This article investigates bubbles in the Chinese film industry to reveal the industry’s boom and bust process that influences employment, citizen’s livelihoods, and even economic growth. We adopt the film stock index to reflect the industry’s trajectory and employ the generalized and backward sup augmented Dickey–Fuller tests to detect bubble periods. Empirical results indicate that there are three positive bubbles in 2007, 2013, and 2015, indicating that the film market continues to expand after temporary frustrations. Meanwhile, one negative bubble is found in 2019, which demonstrates that the bubble’s negative impacts persist and the film industry is still having problems such as declining industrial output. Economic growth, film quality, and industrial policies are common factors for all bubbles. The global financial crisis, capital in- and outflows, internet giants’ entry and sky-high remuneration are reasons for certain bubble behaviors. Hence, market practitioners should actively recognize bubbles and observe their evolution, which will favor industrial stabilization. A perfect legal system, moderate industrial policies, a competitive market environment, and other measures are needed to confront the opportunities and challenges.

scholarly journals Universal corporate governance standards: recommendations following the global financial crisis

2014 ◽  
Vol 11 (3) ◽  
pp. 438-446
Author(s):  
Ronald Henry Mynhardt
Keyword(s):  
Corporate Governance ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
The Global Financial Crisis ◽  
A Company ◽  
The Way

Corporate governance can be defined as: the set of processes, customs, policies, laws and institutions affecting the way a company is directed, administered or controlled. Suggestions were investigated that the global financial crisis revealed severe shortcomings in corporate governance. Research was conducted to establish whether these suggestions are accurate. The study found that it appeared that corporate governance has failed and action needs to be taken. The study recommends that a world supervisory body on corporate governance be established. It also proposes that a summit be called to discuss and create such an authority. In addition, the formulation of a set of universal corporate governance standards for implementation by the members was suggested

scholarly journals Production Networks and Trade Patterns in East Asia: Regionalization or Globalization?

2011 ◽  
Vol 10 (1) ◽  
pp. 65-95 ◽  
Author(s):  
Prema-chandra Athukorala
Keyword(s):  
Financial Crisis ◽  
East Asia ◽  
Global Economy ◽  
Global Financial Crisis ◽  
Trade Flows ◽  
Production Networks ◽  
Trade Patterns ◽  
Republic Of China ◽  
Final Assembly ◽  
The Global Financial Crisis

This paper examines the implications of global production sharing for economic integration in East Asia with emphasis on the behavior of trade flows in the wake of the 2008 global financial crisis. Although trade in parts and components and final assembly within production networks (“network trade”) has generally grown faster than total world trade in manufacturing, the degree of dependence of East Asia on this new form of international specialization is proportionately larger than elsewhere in the world. Network trade has certainly strengthened economic interdependence among countries in the region with the People's Republic of China playing a pivotal role as the premier center of final assembly. However, contrary to popular belief, this has not lessened the dependence of the export dynamism of these countries on the global economy. This inference is basically consistent with the behavior of trade flows following the onset of the global financial crisis.

Section III. Prospects for Europe

1998 ◽  
Vol 166 ◽  
pp. 44-56
Author(s):  
Nigel Pain ◽  
Florence Hubert ◽  
Dirk te Velde ◽  
Dawn Holland ◽  
Véronique Genre
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
European Commission ◽  
Global Financial Crisis ◽  
Future Prospects ◽  
The Global Financial Crisis ◽  
The Eu

Economic growth in the EU area rose markedly last year. Output expanded by more than 3 per cent in over half of the member countries, although growth was notably slower in the larger economies. The outlook continued to improve in the first half of this year. Growth in the first quarter was particularly buoyant. Eurostat figures indicate that output in the EU was some 3.3 per cent higher in the first quarter of 1998 than a year earlier. Although output rose by only 0.2 per cent in the second quarter, this was partly due to statistical distortions arising from the different number of working days in the quarter. Italy is the sole economy where growth has proved to be weaker than initially expected. The global financial crisis and slowdown in worldwide demand is expected to dampen EU growth somewhat next year, and we continue to be less optimistic than the European Commission about future prospects. Growth in the EU economies is projected to slow from 2¾ per cent this year to around 2¼ per cent in 1999.

China Logistics System Reconfiguration under the System Resource Constraint after the Financial Crisis

2010 ◽  
Vol 34-35 ◽  
pp. 770-773
Author(s):  
Jian Hua Zhao ◽  
Hong Bin Li ◽  
Qian Chen ◽  
Fang Luo
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
International Market ◽  
Logistics System ◽  
External Market ◽  
System Reconfiguration ◽  
Two Generations ◽  
System Resource ◽  
The Global Financial Crisis

After two generations’ development driven by investment and external market resource from 1949 to 2008, china formed an export-oriented economy with an Outward Logistics System (OLS). China faces serious constraints from international market under the global financial crisis, which caused Logistics Jam and need Economical transformations to launch a new round of economic growth with more efficient Logistic system in next 30 years to ease jam and to support regional manufactory based on the local special resources for co-development. It would be the power to stimulate further economic growth.

Introduction

Focaal ◽  
2017 ◽  
Vol 2017 (78) ◽  
pp. 1-8 ◽  
Author(s):  
Marguerite van den Berg ◽  
Bruce O’Neill
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
Free Time ◽  
Thematic Section ◽  
Advanced Capitalism ◽  
Financial Crisis Of 2008 ◽  
Postcolonial Africa ◽  
The Global Financial Crisis ◽  
Insight Into

Nearly a decade after the global financial crisis of 2008, this thematic section investigates one way in which marginalization and precarization appears: boredom. An increasingly competitive global economy has fundamentally changed the coordinates of work and class in ways that have led to a changing engagement with boredom. Long thought of as an affliction of prosperity, boredom has recently emerged as an ethnographically observed plight of the most economically vulnerable. Drawing on fieldwork from postsocialist Europe and postcolonial Africa, this thematic section explores the intersection of boredom and precarity in order to gain new insight into the workings of advanced capitalism. It experiments with ways of theorizing the changing relationship between status, production, consumption, and the experience of excess free time. These efforts are rooted in a desire to make sense of the precarious forms of living that proliferated in the aftermath of the global financial crisis and that continue to endure a decade later.

scholarly journals Nervous Giant: China and the Financial Crisis

2011 ◽  
Vol 8 (1) ◽  
pp. 8-11
Author(s):  
Patrick Farrell
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
The United States ◽  
Policy Decisions ◽  
Trade Relationship ◽  
Current Financial Crisis ◽  
The Stability ◽  
The Global Financial Crisis

While the current financial crisis is widely acknowledged to be global, surprisingly little attention has been paid to its effect on one of the largest players in the global economy. China has weathered the crisis extremely well, though its growth has slowed slightly. I will analyze this by looking at China’s purchases of debt, the Chinese holdings of debt in the United States and its growing holdings in Europe, and the policy decisions directing this. This shows an intriguing change in the policy decisions that led to China becoming such a large holder of American debt. China amassed its large holdings of debt from the United States by merit of the strong trade relationship between the two countries, as well as the stability of the U.S. dollar. However, China’s interest in buying up Italian debt and forming stronger bonds with other Eurozone and European countries seems to speak to a different motive. Rather than allowing its reserves of foreign capital to grow over time, as it did with its U.S. debt, China is making a more aggressive move in this case. Thanks to its relative stability during the crisis, I believe this shows us that China is seeking to both ensure the continued security of its economic growth and increase its economic influence, thus using the instability of the global financial crisis to kill two birds with one stone.

Sign in / Sign up

Export Citation Format

Share Document