A Study On Current Financial Crisis In Developing Countries

2019 ◽  
Vol 118 (11) ◽  
pp. 15-29
Author(s):  
Ramyar Rzgar Ahmed ◽  
Sahar Jalal ◽  
S. Rabiyathul Basariya
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
Financial Development ◽  
General Condition ◽  
Social Effect ◽  
The Past ◽  
The World ◽  
Main Driver ◽  
Current Financial Crisis

A worldwide monetary and money related emergency has influenced the world by the expanding swelling and joblessness rate. It influences the billions of individuals living in creating countries, these emergencies have reinforced the general condition of emergency contained by spread neediness and outrageous destitution. The emergency had its inception in the most extravagant countries, however it had made more prominent effect on rising creating countries. The compromising emergency makes part of social effect and unmistakable impacts, for example, easing back worldwide monetary development, contracting world exchange, work misfortunes. It is significant and required to break down the worldwide monetary and budgetary emergency to discover the main driver of the rising monetary and money related emergency and give conceivable and reasonable arrangements dependent on the past accessible authentic financial and monetary emergency information. This monetary and money related emergency contains key components, for example, macroeconomic arrangements, budgetary area supervision and guideline, money related building, and the worldwide exercises of enormous private monetary establishments. A key exercise from the worldwide monetary and financial emergency is all that we have to reexamine the arrangements for financial development which have been existed in the course of recent decades. This paper depicts about the budgetary emergency and the reasons of the destruction of the money during 10 years and how we can conquer the circumstance.

scholarly journals The Impact of the Financial Crisis on Financial Integration, Growth and Investment

2012 ◽  
Vol 220 ◽  
pp. R29-R35 ◽  
Author(s):  
Robert Inklaar ◽  
Juan Fernández de Guevara ◽  
Joaquín Maudos
Keyword(s):  
Financial Crisis ◽  
Financial Development ◽  
Financial Crises ◽  
Financial Integration ◽  
Economic Cost ◽  
Uncertainty Aversion ◽  
The Past ◽  
Regulatory Changes ◽  
The Impact ◽  
European Financial Integration

Financial crises, and in particular those of the past few years, have severe consequences for the affected economies. In this paper we analyse the impact of financial development and European financial integration on growth and we find no reversal of the growth benefits of financial development and integration in recent years. This highlights the economic cost of regulatory changes that would reverse European financial integration. We also find that, following a financial crisis, investment declines more in countries with a greater degree of uncertainty aversion, which can be informative for evaluating post-crisis economic performance.

Sovereignty and Developing Countries: Current Status and Future Prospects at the WTO

2009 ◽  
Vol 22 (2) ◽  
pp. 395-409
Author(s):  
HANS MAHNCKE
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
World Trade Organization ◽  
World Trade ◽  
World Economy ◽  
Current Status ◽  
Future Prospects ◽  
The Past ◽  
The World ◽  
Global Powers

Globalization, as evidenced in increased trade, economic development, and the emergence of new global powers, has meant that the world economy has undergone significant changes over the past two decades. The World Trade Organization (WTO) is more than a potent representation of these developments, it is often seen, along with its predecessor, the General Agreement on Tariffs and Trade (GATT), as having enabled the process of globalization. However, there are profound concerns about what lies ahead in an increasingly complex economic and regulatory setting, in particular for developing countries (DCs).

scholarly journals Explaining corruption: How do firms respond to non-gravity trade in developing countries?

2021 ◽  
Author(s):  
Lin Hu ◽  
Wenshou Yan
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
Gravity Model ◽  
Conditional Heteroskedasticity ◽  
Crisis Period ◽  
The World ◽  
Instrument Variable ◽  
Unit Increase ◽  
Alternative Measures

Abstract There has been limited effort to explore whether non-gravity trade, as not driven by standard variables entering an augmented gravity model, matters for firms’ corruption. To fill this gap, this paper explores the effect of non-gravity trade on firms’ corruption in 141 developing countries during the period 2006–2017. Our results show that non-gravity trade does matter for the firms’ corruption behavior. Specifically, we find that firms’ corruption decreases by 0.09–0.23% following a unit increase in non-gravity trade (e.g. 19.7 million dollars’ increase in real trade), and the effect is much larger during the world financial crisis period. The result is robust to exploiting conditional heteroskedasticity for identification, constructing a Bartik-type instrument variable, applying different econometric technics, and using alternative measures of firm corruption.

scholarly journals A comparison of rural crimes in Australia (NSW) and South Africa

2019 ◽  
Vol 9 (2) ◽  
Author(s):  
Willie Johannes Clack
Keyword(s):  
South Africa ◽  
Developing Countries ◽  
Comparative Analysis ◽  
United Nations ◽  
Human Development ◽  
Human Development Index ◽  
Developed Countries ◽  
The Past ◽  
The World ◽  
Different Levels

Rural criminology as a topic of scholarly study, neglected over the past two to three decades, has bounced into the spotlight, with claims now being made that rural criminology is receiving justified attention among the academic fraternity. This paper presents a comparative analysis of the major challenge facing two countries with different levels of development as identified by the United Nations Human Development Index. A predicament for rural criminology is that the world is not equal: rural crimes is researched in developed countries but not in developing countries. This paper compares the types and prevalence of agricultural crimes in Australia (NSW) and South Africa to determine whether significant differences or similarities exist.

IMPACT OF RURAL DEVELOPMENT PROGRAMS ON THE STATUS OF RURAL WOMEN

2018 ◽  
Vol 6 (26) ◽  
Author(s):  
Arun Kumar
Keyword(s):  
Developing Countries ◽  
Rural Development ◽  
Rural Women ◽  
Total Population ◽  
World Population ◽  
Development Programs ◽  
The Past ◽  
The World ◽  
The Status

Mother is a radiant nurse, an angel of mercy, a patient teacher, a watchful guardian and compassionate attorney and a fountainhead of courage. Post independence sociologists paid attention towards the women who are traditionally backward, exploited and taken as second-rate citizens. This is obstruction and hindrance in the progress and prosperity of family, community and country. The complete social structure is affected. For the rural development and reconstruction, it is necessary to understand the changing social status and role of rural women who are 48.3% of the Total population of the country. For the study of past enables us to grasp the fundamental psychology behind the present problems and attitudes that uphold or reject them due to which it has come to be what it is. We may thus be enabling to make out the cause and circumstances embedded in the past, which led to the existence and conditions and causes are sure to prove themselves of great help to us in the making up and planning of a figure. Women constitute about fifty per cent of the world population. It is estimated that by A.D. 2000, the total number of women in the world will be more than 3 billion and they will outnumber men by nearly 175 million. At the United Nations Conference in Nairobi in 1985, it was noted that they comprise 35 per cent of the world’s labor force in the sphere of employment and occupied lower positions. Further it is observed that over 60 per cent of world’s illiterates are women, mostly in the developing countries. More than 60% respondents have accepted all the factors mentioned as variables are responsible for the uplift of the status of rural women. But; it is note-worthy that more than three-fourth of the respondents have emphasized especially on urbanization, women welfare organizations and rural development programs; as the tools of uplift for the status of rural women.

Creating Market Inclusion

2018 ◽  
pp. 288-304
Author(s):  
Jose Godinez
Keyword(s):  
United States ◽  
Developing Countries ◽  
Financial Development ◽  
Vulnerable Populations ◽  
Social Entrepreneurship ◽  
Banking Industry ◽  
The United States ◽  
Institutional Voids ◽  
Social Entrepreneurs ◽  
The World

Understanding how social entrepreneurship as a tool of financial development has been in the center of the entrepreneurship and management disciplines for the last couple of decades. These studies have furthered our understanding of how social entrepreneurship helps the most vulnerable populations around the world. However, much of the literature on this subject has been devoted to analyze how social entrepreneurship aids such populations in developing locations. While this chapter does not try to diminish the admirable work carried by social entrepreneurs in developing countries, it points out that an analysis of this discipline in a developed location is overdue. To initiate a conversation, this chapter analyzes how institutional voids can arise in a developed location and the role that social entrepreneurship has in closing such gaps and to include vulnerable populations in the formal banking industry in the United States.

Export Promotion Policies, Export Composition and Economic Development of Korea

2011 ◽  
Vol 4 (2) ◽  
Author(s):  
Jai S. Mah
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Development Process ◽  
Summit Meeting ◽  
Korean Government ◽  
The Past ◽  
Promotion Policies ◽  
The World ◽  
Policy Measures ◽  
Export Composition

Korea has achieved rapid economic development for the past few decades, raising its economic stature from one of the most impoverished countries in the world to an advanced industrial nation. Korea will host the G20 summit meeting in November 2010. What is the reason for the rapid economic development of Korea? This paper discusses the policy measures taken by the Korean government to promote exports, analyse their contribution and problems, and provide developing countries with the implications for their economic development process under the WTO system drawn from the experience of export-led economic development of Korea.

Analysis for the Global Demand of Energy in the next 20 Years

2013 ◽  
Vol 734-737 ◽  
pp. 1719-1723
Author(s):  
Qun Yi Liu ◽  
An Jian Wang ◽  
Qi Shen Chen
Keyword(s):  
Rapid Growth ◽  
Resource Consumption ◽  
Rapid Rise ◽  
Demand Growth ◽  
The Past ◽  
Global Demand ◽  
The World ◽  
Resource Requirements ◽  
Main Driver

Over the next 20 years a rapid rise will be happen in global demand for steel, copper and aluminum, China will be the first biggest resource requirements country. This paper analyzes the global demand of steel, copper and aluminum, showing that global resource consumption center transfer according to the industrial centers, at present, China is the world's resources consumption center, steel, copper and aluminium consumption accounted for more than 40% of the world. Global demand for steel, copper and aluminum over the next 20 years will be rapid growth, accumulative total demand is 2 times of the past 20 years, but there may be a temporary slowdown in 3 - 5 years period. Over the next 20 years the first big country, China is one of the resource requirements of asean and India will become the main driver of demand growth.

scholarly journals A Proposed Sketch of a Distance Education Model for the Enrichment of Adult Literacy in Pakistan

2011 ◽  
Vol 7 (1) ◽  
pp. 21
Author(s):  
Khalid Saleem ◽  
Mumtaz Ahmad
Keyword(s):  
Distance Education ◽  
Developing Countries ◽  
Adult Literacy ◽  
Low Literacy ◽  
Political Factors ◽  
Broadcast Media ◽  
The Past ◽  
The Poor ◽  
The World ◽  
Education Model

Various efforts have been made to overcome the problem of illiteracy throughout the world, particularly in the developing countries. But, none of these had valuable results. Therefore, in most of the developing countries like Pakistan, governments are concerned about handling the literacy problem effectively. The present paper was conducted in view of the poor literacy condition in Pakistan.it focused upon the analysis of existing literacy situation in Pakistan as well as finding out workable suggestions for overcoming the literacy problem. The study revealed that there was no use of broadcast media or the motivational techniques to attract the illiterate people to the literacy centers. Above all there was no consistency in the literacy programmes due to political factors. The main objectives of the study included to analyze the past literacy programmes in Pakistan and to create a distance education literacy model for Pakistan. The modern way for imparting literacy should be used rather than following the conventional methods. For this purpose a distance education model for enhancing literacy is proposed to be used in Pakistan. This is a theoretical model workable in the low literacy areas with suitable physical provisions.

scholarly journals الأزمة المالية العالمية , اسبابها وأثارها في اقتصاديات الدول النامية

2020 ◽  
Vol 1 (1) ◽  
pp. 83-95
Author(s):  
هند الطائي
Keyword(s):  
Developing Countries ◽  
Financial Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
International Monetary System ◽  
Political Stability ◽  
Arab Countries ◽  
Political Freedom ◽  
The World ◽  
The Global Financial Crisis

The issue of the global financial crisis that hit the world economy since August 2007 was one of the worst economic crises after the Great Depression of 1929. This crisis was not the result of the moment, but the most important of which is the negative impact of the Asian financial crisis in 1997 and the crisis of the information technology sector in 2000, This crisis has caused the rest of the world due to interdependence. The recurrence of financial crises in developing countries is a worrying phenomenon that has threatened the economic and political stability of the countries concerned. The global economy is currently facing a real financial crisis that has hit the economies of developed and developing countries alike, starting in 2008 and emerging in 2008. The American financial crisis reflected on most of the economies of the world so that it became implicated in the global financial crisis. As the Arab countries are part of the global economic system, they will be negatively affected by this crisis. It is certain that the degree of their influencevaries among the Arab countries according to their degree of integration and integration into the global economy. Therefore, stepping out of them requires the intensification of the international efforts to review the international monetary system, giving all countries the full economic and political freedom to choose to link their currencies to an internationally agreed basket of currencies . The researcher tried here to explain how the global financial crisis has an impact on the economies of developing countries. The research section is divided into three sections. The first topic dealt with the global financial crisis in terms of concept, definition, characteristics and what types. The second topic dealt with the causes of the financial crisis and what are the positive and negative effects And the third topic dealt with the effects of the global financial crisis in the economies of developing countries, and concluded the research with a set of conclusions and recommendations

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