scholarly journals Privatization of National Assets: Solution to Fiscal Deficits

2020 ◽  
Vol 6 (3) ◽  
pp. 897-904
Author(s):  
Najma Sadiq ◽  
Ume Laila ◽  
Tahir Mehmood ◽  
Tooba Rehan Haqqi
Keyword(s):  
Policy Making ◽  
Economic Structure ◽  
Large Share ◽  
Fiscal Deficits ◽  
Foreign Investors ◽  
The Public ◽  
Economic Problems ◽  
Goods And Services ◽  
The Impact

This paper is exploratory in nature and shall investigate the nature of privatization law keeping in focus the impact this law has created on the fiscal deficits. State Owned Enterprises are the surfeit of a nation which provides those goods and services which the market sometimes is unable to provide. These enterprises have a large share in the macro-economic structure of a county that aims in providing goods and services at a rate that is affordable for everyone. Through this paper the attention of the concerned authorities shall be drawn towards the fact that privatization is not the ultimate solution to all economic problems and that there are numerous other options and choices which will to cater the declining nature of our economy and increase in the heavy debts. This paper also has some factual reasoning regarding the enterprise which have been privatized but are not working up to the mark. Hence the gap in the nature of the policy making must be addressed looking for policies that will revive the working of SOE’s. the recommendation proposed in this paper allows foreign investors to invest in the public assets as it would increase the trading between the countries.

scholarly journals Does really no one care? Analyzing the public engagement of communication scientists on Twitter

2019 ◽  
Vol 22 (3) ◽  
pp. 387-408 ◽  
Author(s):  
Jakob Jünger ◽  
Birte Fähnrich
Keyword(s):  
Social Networking ◽  
Public Engagement ◽  
Public Discourse ◽  
Science And Society ◽  
Large Share ◽  
Scholarly Community ◽  
The Public ◽  
Starting Point ◽  
Twitter Activity ◽  
The Impact

Recent publications question the public visibility of communication science as a discipline and its relevance for the broader society. To address this issue, we analyze the public engagement of communication scientists by using the example of their Twitter activity. We theoretically distinguish eight types of engagement and explore their empirical prevalence. The results show that a large share of communication is between peers, fulfilling social networking functions. Nevertheless, more than a quarter of the tweets are on political and social topics. In this way, communication scientists bring society into their scholarly community and thus act as bridge builders. They also reach diverse publics outside of science, such as followers from the field of economics. Our study thus highlights the diversity of connections between science and society and can offer a starting point to further research other fields of public engagement and the impact of the discipline on the public discourse.

Weaknesses in the System of Promoting and Marketing Drugs

1974 ◽  
Vol 4 (3) ◽  
pp. 260-263
Author(s):  
James Turner
Keyword(s):  
Public Sector ◽  
Pharmaceutical Industry ◽  
Drug Development ◽  
Economic Structure ◽  
Drug Industry ◽  
Specific Drug ◽  
The Public ◽  
Current Drug ◽  
Consumer Organizations ◽  
The Impact

Although critical of several specific drug industry practices as being major contributions to the current over-medicated society controversy, Mr. Turner believes that the pharmaceutical industry can work together with consumer organizations and the public sector in resolving these issues. Of particular interest is his observation that the economic structure of current drug development and research prevents the manufacturer from assessing the impact of a drug in terms of necessary health benefits.

scholarly journals Botswana

2019 ◽  
Vol 19 (149) ◽  
pp. 1
Author(s):  
Keyword(s):  
Decision Making ◽  
Economic Policy ◽  
Southern Africa ◽  
Policy Making ◽  
Technical Assistance ◽  
National Accounts ◽  
Foreign Investors ◽  
Rating Agencies ◽  
The Public

A technical assistance (TA) mission was conducted by IMF’s Regional Technical Assistance Center for Southern Africa (AFS)1 during February 25–March 8, 2019 to assist Statistics Botswana (SB) improve the quality of the national accounts statistics. This was the first mission on national accounts conducted by AFS to SB since January 2015. Reliable national accounts are essential for informed economic policy-making by the authorities. They also provide the private sector, foreign investors, rating agencies, donors and the public in general with important inputs in their decision-making, while informing economic analysis and IMF surveillance. Rebasing the national accounts is recommended every five years. They require comprehensive surveys and ideally, Supply and Use tables (SUTs) to support coherence checking of data.

scholarly journals The State regulation of Public Procurement in Ukraine in the Context of Reforms and Integration Processes

2021 ◽  
Vol 2 (517) ◽  
pp. 35-40
Author(s):  
O. I. Laiko ◽  
Keyword(s):  
National Economy ◽  
Public Procurement ◽  
State Regulation ◽  
The State ◽  
Added Value ◽  
The Public ◽  
Goods And Services ◽  
International Distribution ◽  
Procurement System ◽  
The Impact

The article is concerned with topical issues of the State regulation of public procurement in Ukraine in the context of reforms and integration processes. The conceptual principles of regulation of the public procurement system have been formulated, taking into account the requirements and challenges of modern processes of reforms of the national economy and the implementation of the European integration vector. The public procurement system is considered as a new institutional unit in the national economy – the market for goods and services to the State-owned institutions and organizations with the involvement of budgetary funds. The significance of the public procurement system for the country’s economy as an environment for financing and implementing entrepreneurial initiatives aimed at creating high-quality goods and services, which is characterized by volumes equal to 15% of GDP, is substantiated. The article is aimed at defining the theoretical-conceptual and applied principles of the State regulation of the public procurement system in Ukraine in the context of efficient implementation of reform goals and taking into account the impact and challenges from the active participation of the national economy in the international distribution of labor in the course of integration processes with the EU countries. The article defines the key directions of the State policy on the regulation of the public procurement system, which include: stimulating the economic development of the entrepreneurial sector and overall economic growth on the basis of sustainability and balance; support for the production of domestic goods and services with high added value; stimulation of production of goods and services using local resources; stimulating the creation by domestic producers of both goods and services of cooperation associations in order to use the opportunities for the distribution of labor to create more competitive products; supporting the formation of an economic basis for the development of territorial and economic entities in the regions of Ukraine. As for the above defined directions of the State regulation of the public procurement system in Ukraine, appropriate measures have been proposed, the implementation of which is expected to contribute to the strengthening of the national economy and does not contradict the provisions of ratified international agreements.

scholarly journals Tax Reform: Is it Welfare-Enhancing or Welfare-Reducing?

2021 ◽  
Vol 21 (3) ◽  
pp. 1101-1112
Author(s):  
Roshaiza Taha ◽  
Norsiah Ahmad ◽  
Wan Anisah Endut ◽  
Saeed Rabea Ali Baatwah
Keyword(s):  
Tax Reform ◽  
Consumer Welfare ◽  
Price Effect ◽  
Policy Changes ◽  
The Public ◽  
Goods And Services ◽  
Negative Effect ◽  
The Government ◽  
The Impact ◽  
Shed Light

The ongoing tax reform in Malaysia has triggered our motivation to understand the effect of such reform on the public since the government has continuously emphasised that the changes would not burden the consumer. Whether this is a myth or reality is deemed interesting to ponder upon. Thus, this study aims to provide evidence concerning Malaysian tax reform on consumer welfare by looking at the price effect, consumer burden, and inflation. Price observations of the pre-, during and post-reformation period were conducted to provide meaningful evidence. Interestingly, the outcome of the observation rules out the public accusation that the tax reform would boost the price of goods and services and further result in a welfarereducing event. Also, a review of the recent statistics on poverty incidence does not show a negative effect of tax policy changes on society’s welfare. It is hoped that the discussion provided in this paper will shed light on the impact of tax reformation in Malaysia, albeit a further thorough examination might be required. 

scholarly journals Pemanfaatan Waqf Uang di Masa Pandemic Covid-19 Dalam Perspektif Maqasid Syariah

2021 ◽  
Vol 4 (2) ◽  
pp. 244-259
Author(s):  
Nurlaili Nurlaili
Keyword(s):  
Social Networks ◽  
Descriptive Analysis ◽  
Point Of View ◽  
The Public ◽  
Opportunity To Respond ◽  
Economic Problems ◽  
Library Research ◽  
The Government ◽  
The Many ◽  
The Impact

Money waqf can be used to overcome socio-economic problems that occur in Indonesia, this should be an opportunity to respond to the impact of the Covid-19 pandemic. As stated in the maqasid sharia concept, responding to a pandemic requires strategic and clear goals. This research paper aims to analyze whether the use of cash waqf has been optimally utilized or not at the time of covid 19, as well as cash waqf in terms of maqasid shariah. This study uses qualitative methods, using descriptive analysis in library research. The results of this study indicate that the use of cash waqf in Indonesia is still not optimal in overcoming the impact of this pandemic, there are several regions that still do not feel the distribution of the use of cash waqf. From the maqasid shari'ah point of view, the use of cash waqf is in accordance with As-Syatibi's description of the three mandatory concepts, namely "dharuriyah, hajiyah and tahsiniyah". This study provides advice to stakeholders such as scholars, universities, or schools and the government together provide understanding to the public regarding money waqf, with the many understandings of money waqf in Indonesia, of course adding nominal cash waqf funds to be utilized according to socio-economic needs in Indonesia and can make social networks to help micro-communities in need Keywords: Waqf money, covid-19 pandemic in Indonesia, Maqasid Shari'ah   ABSTRAK. Waqf uang dapat diperuntukan mengatasi masalah sosial-ekonomi yang terjadi di Indonesia, hal ini harusnya dapat menjadi sebuah peluang untuk merespons dampak dari pandemic Covid-19. Sebagaimana tertuang dalam konsep maqashid syariah, merespons pandemi membutuhkan tujuan yang strategis dan jelas. Makalah penelitian ini bertujuan untuk menganalisis penggunaan waqf uang telah dimanfaatkan secara optimal atau belum pada saat covid 19, serta waqf uang ditinjau dari maqasid shariah. Pada penelitian ini menggunakan metode kualitatif, dengan menggunakan analisis-deskriptif pada penelitian library research (kepustakaan). Hasil dari penelitian ini menunjukkan bahwa penggunaan waqf uang di Indonesia masih belum optimal dalam mengatasi dampak dari pandemi ini, terdapat beberapa daerah yang masih belum merasakan pemerataan dari pemanfaatan waqf uang. Dari sudut maqasid shari’ah, penggunaan waqf uang telah sesuai dengan uraian As-Syatibi tentang tiga konsep wajib, yaitu “dharuriyah, hajiyah dan tahsiniyah”. Penelitian ini memberikan saran kepada stakeholder seperti para ulama, universitas atau sekolah dan pemerintah bersama-sama memberikan pemahaman kepada masyarakat terkait wafqf uang, dengan banyaknya pemahaman waqf uang di Indonesia tentu menambahkan nominal dana waqf uang untuk dapat dimanfaatkan sesuai dengan kebutuhan sosial-ekonomi di Indonesia dan dapat menjadikan jaringan sosial untuk membantu masyarakat mikro yang membutuhkan. Kata kunci: Waqf uang, pandemi covid-19 di Indonesia, Maqasid Shari’ah

scholarly journals The impact of economic sanctions on the country's economy

2021 ◽  
pp. 93-100
Author(s):  
S. Alikhani ◽  
I. P. Khominich
Keyword(s):  
Financial Markets ◽  
Negative Impact ◽  
Economic Structure ◽  
Economic Sanctions ◽  
International Policy ◽  
Economic Problems ◽  
Collective Response ◽  
Macroeconomic Indicators ◽  
The Impact ◽  
Target Country

Currently, sanctions are considered an important tool of international policy for maintaining security and collective response to violations of international order. At the same time, they are a factor of negative impact on the economic situation of the country, growth and production in the target country. Russia and Iran have been under sanctions from Western countries and their allies for many years and are experiencing economic problems in this regard. The article provides a characteristics and comparative analysis of economic sanctions against Russia and Iran, reveals their differences, assesses the impact of sanctions on their economic structure and financial sector. The paper shows that sanctions directly or indirectly affect the country's macroeconomic indicators and cause their decline. The authors give the substantiations for the negative impact of sanctions on the financial markets of Iran and Russia, including the banking and stock markets.

Fiscal Stability of the Local Government Units in the Republic of Srpska

2021 ◽  
Vol 59 (1) ◽  
pp. 109-132
Author(s):  
Biljana Gojković ◽  
Sanja Popović ◽  
Marijana Đukić
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Finances ◽  
The Public ◽  
Goods And Services ◽  
Efficient Management ◽  
The Republic ◽  
The Impact ◽  
Significant Attention

Abstract Fiscal stability of the local self-government units is the condition for stable public finances of the Republic of Srpska (hereinafter: RS) as a whole. Stable public finances of local self-government units have a positive impact on the economic growth of the RS. Therefore, it is necessary to pay a significant attention to the fiscal problems of local self-government units (hereinafter: LGUs). Although the public finances of the LGUs make up 15% of the total public finances of the Republic of Srpska, it is important to emphasize that the life of the RS citizens takes place in the local self-government. In this regard, LGUs have the important role in providing public goods and services, as well as creating the environment for the life of citizens on the basis of legally defined competencies. Having in mind the importance and role of local self-government units in the RS, it is necessary to ensure the efficient management and stability of their public finances. One of the preconditions for the successful exercise of the competencies of LGUs is the rational and efficient use of available resources. The aim of this paper is to examine the impact of the key fiscal factors of local self-government units on their fiscal stability. The results of this analysis will provide answers to the question of how rational and efficient local self-government units are in the execution of their competencies and how it is reflected on their revenues and expenditures, i.e. in total public finances of RS.

scholarly journals Data-Related Ecosystems in Policy Making: The PoliVisu Contexts

2021 ◽  
pp. 91-104
Author(s):  
Giovanni Lanza
Keyword(s):  
Decision Making ◽  
Policy Making ◽  
Public Policies ◽  
Decision Making Process ◽  
Policy Makers ◽  
The Public ◽  
Use Of Data ◽  
Data Ownership ◽  
The Impact

AbstractThe article explores the complexity of the ecosystems that develop around data supported policy making. This complexity, which can be traced back to the multiplicity of actors involved, the roles they assume in the different steps of the decision making process, and the nature of the relationships they establish, takes on new connotations following the rising use of data for public policies. In fact, issues related to data ownership and the ability to collect, manage, and translate data into useful information for policy makers require the involvement of several actors, generating ecosystems where co-creation strategies are confronted with the limits of action of the public administrations within broader social and decisional networks. Based on this background, the article aims to provide, through the analysis of the direct experiences conducted by the pilot cities involved in the PoliVisu project, an overview of the opportunities and challenges related to the impact of data in the evolution of decision making networks and ecosystems in the data shake era.

Economic Impact of Accommodation Structures on the Local Territorial System

2016 ◽  
Vol 16 (2) ◽  
pp. 102-107
Author(s):  
Constantin Ionuţ Barbu ◽  
Andreea Stănilă
Keyword(s):  
Food Processing ◽  
Economic Value ◽  
Economic Structure ◽  
Local Economy ◽  
Winter Sports ◽  
Goods And Services ◽  
Leisure Facilities ◽  
Water Sports ◽  
The Impact ◽  
New Jobs

AbstractThe tourists servicing structure or unit in a particular territory has an impact on it as a result of the links which it (accommodation) establishes with certain environments, in which it evolves and which are connected to one other, leading in the end to the organization of space and hence the impact of tourism on the territory where accommodation options were implemented. In the whole local economy, tourism acts as a stimulating element of the local economic system, assuming a specific request for goods and services, which also causes an increase in their production sphere. Also, the touristic demand determines a correlated supply, which is materialized in the development of touristic structures and indirectly participating in the stimulating of production branches: construction and development of new means of transport, leisure facilities for winter sports, water sports, etc. Tourism development thus leads to a significant increase of production. Tourism drives and stimulates production in other areas. Tourism is a way of diversifying the economic structure of a country, region, territory. Tourism is capable of ensuring the prosperity of disadvantaged areas, being a cure for unindustrialized regions. This can be achieved through the development of less resource-rich areas with high economic value, which have a great heritage of natural and anthropogenic tourist resources. As a result, tourism is considered a lever to mitigate inter-regional imbalances. Furthermore, tourism, because it is a major consumer of force, plays an important role in the economy. It creates new jobs, thus participating in attracting extra labor from other sectors, helping to alleviate unemployment. It is important to note the fact that a job exclusively in tourism can generate 3 other indirect or induced related jobs. This can be explained by the fact that tourism is a major consumer of goods and services positively influencing labor use in its branches (agriculture, food processing, construction, transport, etc.).

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