scholarly journals Independence of Central Banks in Commodity Economies

Author(s):  
Viktor Koziuk

This article introduces the hypothesis that resource-rich countries display a low degree of central bank independence (CBI). This hypothesis is proven based on multivariable regression, but the influence of resource factors is not considered strong enough compared with previous inflationary experience and the characteristics of the political regime. It stresses that the impact of the commodity wealth factor on CBI choice is direct (through the share of commodity exports in total export) and indirect through the lower level of democracy in commodities countries that feature more dependent central banks. Also, this hypothesis is proven based on the grouping of countries. Such grouping shows that despite a general tendency of CBI increase in the world, a group of commodity exporting countries experiencing a substantially lower level of mean GMT-index, ECWN-index, and transparency-index resulted in lower CBI compared with groups of emerging markets and developing countries. Explaining these phenomena is rooted in features of institutional distortions in commodity economies, the specific structure of interventionist policy to overcome a "resource curse", and the specific role of the exchange rate and FX reserves in intertemporal macroeconomic policy.

2019 ◽  
Vol 92 (2) ◽  
pp. 124-149 ◽  
Author(s):  
Yuliya Kosyakova ◽  
Theodore P. Gerber

Adult education influences how labor market opportunities are structured in the later life course. We propose a theoretical framework for understanding the stratifying role of adult education resting on the distinction between two forms of adult education—upgrading and sidestepping: Resources, incentives, and selection processes systematically structure rates of participation. Using educational history data from Russia, we test hypotheses derived from our framework and examine the impact of the Soviet collapse and the ensuing economic recovery. Upgrading exacerbates patterns of socioeconomic stratification by delivering better credentials to individuals with higher levels of initial resources. Sidestepping is less common than upgrading and less related to socioeconomic origins and previous attainment. The Soviet collapse produced short-term declines in the rates of both upgrading and sidestepping. However, once growth resumed, market institutions proved durable, and the political regime stabilized, rates of upgrading soared to levels exceeding those of the Soviet era.


Author(s):  
Timur Gimadeev

The article deals with the history of celebrating the Liberation Day in Czechoslovakia organised by the state. Various aspects of the history of the holiday have been considered with the extensive use of audiovisual documents (materials from Czechoslovak newsreels and TV archives), which allowed for a detailed analysis of the propaganda representation of the holiday. As a result, it has been possible to identify the main stages of the historical evolution of the celebrations of Liberation Day, to discover the close interdependence between these stages and the country’s political development. The establishment of the holiday itself — its concept and the military parade as the main ritual — took place in the first post-war years, simultaneously with the consolidation of the Communist regime in Czechoslovakia. Later, until the end of the 1960s, the celebrations gradually evolved along the political regime, acquiring new ritual forms (ceremonial meetings, and “guards of memory”). In 1968, at the same time as there was an attempt to rethink the entire socialist regime and the historical experience connected with it, an attempt was made to reconstruct Liberation Day. However, political “normalisation” led to the normalisation of the celebration itself, which played an important role in legitimising the Soviet presence in the country. At this stage, the role of ceremonial meetings and “guards of memory” increased, while inventions released in time for 9 May appeared and “May TV” was specially produced. The fall of the Communist regime in 1989 led to the fall of the concept of Liberation Day on 9 May, resulting in changes of the title, date and paradigm of the holiday, which became Victory Day and has been since celebrated on 8 May.


2020 ◽  
Vol 22 (1-4) ◽  
pp. 17-39
Author(s):  
Ambassador Colin Keating

This article discusses the role of the UN Security Council during the crisis in Rwanda in 1993/94. It focuses on the peacekeeping dimensions of the Council’s involvement. It is a perspective from a practitioner, rather than an academic. It also makes some observations about whether the Rwanda crisis has had an enduring influence on Security Council practice. It does not address the impact on practical aspects of peacekeeping or on the UN Department of Peacekeeping Operations.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Grazia Ietto-Gillies

Purpose The purpose of this paper is to analyse the impact of major structural changes on the conceptualization of the transnational corporation (TNC) based on foreign direct investment (FDI) and on indicators of transnationality. Design/methodology/approach Analysis of three major structural changes which impact the current conception of transnationality. They are: the rise of digital companies; the increased role of finance in the economy; externalization of activities via non-equity modalities (NEMs) with an impact on FDI and on the labour market. Findings The paper finds that the current concept of transnationality needs widening to take account of companies with a low degree of fixed assets abroad such as the digital and the financial companies and those internationalizing via NEMs, as well as to take account of the evolving relationship between TNCs and labour. Research limitations/implications Future research along the lines proposed should consider: working explicitly with the new, inclusive concept of transnationality and arrive at an empirical estimate of the proposed indices of transnationality which modify and amplify the current United Nations Conference on Trade and Development indices. Social implications Useful for understanding the nature of transnationality in the twenty-first century and for developing policies. Originality/value The paper proposes a new concept of transnationality and of the TNC, one that allows for new ways of organizing direct business activities abroad. It also proposes broadening the list of indicators of transnationality.


2021 ◽  
Author(s):  
Kurdistan Saeed

This study deals with the political parties’ pluralism in Iraq under the Parties Law No. 36 of 2015. The importance of the study lies in the fact that it looks at a topic that is at the heart of democracy and it is necessary for the success of any democratic processes. The study focuses on parties’ pluralism in Iraq since the establishment of the Iraqi state in 1921 until the end of the Baath Party regime in 2003, it also covers the period after 2003 and pays particular attention to the Parties Law No. 36 of 2015. It focuses on the legal framework of political parties after the adoption of the Political Parties Law and studies the impact of this law on parties’ pluralism in Iraq after its approval in 2015. The study concludes that Law No. 36 of 2015 is incapable of regulating parties’ pluralism for reasons including: the lack of commitment by the political parties to the provisions of the law, the inability of the Parties Affairs Department to take measures against parties that violate the law the absence of a strong political opposition that enhances the role of political parties, the association of most Iraqi parties with foreign agendas belonging to neighboring countries, and the fact that the majority of Iraqi parties express ethnic or sectarian orientations at the expense of national identity.


Educatia 21 ◽  
2021 ◽  
pp. 144-151
Author(s):  
Mirela Minică ◽  

The article highlights according to the concept of social capital, the changes generated by the COVID-19 pandemic in the educational system. This research identified the attributes of social capital at the level of the adults involved in the educational process (parents, students), the impact of the current period on them and the opinion of the respondents regarding the education reform. The conclusions of the study prove an activation of the intentions of involvement and participation in the management structures and in the educational projects at the level of the school organization, along with a low degree of confidence in the way the reform of the educational system is designed and implemented. Change management in recent years has highlighted the need for school involvement in the development of social capital and also the need to increase the role of social stakeholders in solving the challenges facing school organizations.


Author(s):  
Serhii O. Komnatnyi ◽  
Oleg S. Sheremet ◽  
Viacheslav E. Suslykov ◽  
Kateryna S. Lisova ◽  
Stepan D. Svorak

The article deals with the mechanism of impact of sociopsychological phenomena such as the national character and the political mentality in the construction and functioning of civil society. It aims to show the impact of climate, religion, and the perception of happiness on the state of civil society through details of a national nature. The main research method is to compare data from global research on the state of civil society with data from climatic conditions, dominant religions, and happiness indices. The article proves coincidently that these factors are reflected in such essential characteristics of civil society as "openness" and "closed-mindedness". The interaction between the national character and the construction of civil society has two stages. It is concluded that the results obtained are important to evaluate the prospects for the construction and development of civil society in different countries and regions of the world. Further research in this direction involves the study of other aspects of the impact of national character and political mindset on the functioning of civil society.


Author(s):  
Gillian Doyle

Based on key players’ testimony and an extensive documented record, this chapter initially discusses the political background to the fraught merger talks between the BFI and the UKFC in 2009-2010, along with the uncertain role of the DCMS. It then turns to consider the shock decision to close the UKFC taken by Conservative ministers in the DCMS serving in the Coalition government elected in May 2010. Various possible reasons for closure are evaluated in considerable detail and the impact on the UKFC is described. The account analyses each of the steps taken by the DCMS to devise a new landscape of film support post-UKFC, with the BFI assuming many functions after extensive negotiation with ministers and civil servants. Next, the BFI’s new turn in film policy is considered. A range of views on the closure decision, both pro and con, is discussed.


2021 ◽  
pp. 172-190
Author(s):  
Francis Teal

While all the evidence we have points to the rising living standards for most of the very poorest, the wages of unskilled labour in poor countries remain a fraction of those in rich countries. Those potential workers are seen as a threat to the living standards of the unskilled in rich countries and the political impetus to limit their access to those labour markets has been, and remains, one of the most potent issue in the politics of rich countries. This aversion to immigration as a threat to the wages of the unskilled often transmutes into a hostility to trade, as goods, which use a lot of unskilled labour, can be imported more cheaply. Both immigration and trade are seen as a threat to the unskilled. Two dimensions of this threat are examined in this chapter—the impact of Chinese exports on wages in the US and the impact of immigration on the UK economy.


Modern Italy ◽  
2015 ◽  
Vol 20 (1) ◽  
pp. 77-90 ◽  
Author(s):  
Paul Furlong

This article considers the changed role of the Italian presidency and the impact and legacy of Silvio Berlusconi on this. After consideration of some of the methodological difficulties raised by these issues, the article looks at the role of the presidency up to 1992, when the presidency was interpreted in narrow terms set by the framers of the 1948 constitution and by the predominance of the party leaders of the period over the political direction of the State. The article considers how presidents from Sandro Pertini (1978–85) on, sought in different ways to expand the political role of their office. The article analyses the different ways that Oscar Luigi Scalfaro, Carlo Azeglio Ciampi and Giorgio Napolitano used their formal and informal powers both to maintain the status of the office and to promote political goals, and concludes with an assessment of the likely long-term impact of these changes and of Berlusconi's role in them.


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