Harmonious Economic Development During the Global Financial Crisis

2010 ◽  
Vol 43 (3) ◽  
pp. 3-5
Author(s):  
Jinjian Shen
Keyword(s):  
Economic Development ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
The Global Financial Crisis

Ten years after the global crisis: Risks and prospects

2019 ◽  
pp. 37-53 ◽  
Author(s):  
M. V. Ershov
Keyword(s):  
Economic Development ◽  
Financial Crisis ◽  
World Economy ◽  
Global Financial Crisis ◽  
Global Crisis ◽  
The World ◽  
The Global Financial Crisis

The article analyzes the situation in the world and in Russia 10 years after the global financial crisis. It is shown that with the observed growth of the world economy, global risks, on the contrary, have not diminished, but increased, which creates the threat of new failures. The measures that can be taken by Russian regulators to neutralize external risks and stimulate the economic development of the country are considered.

scholarly journals Assessing the resilience of Brazil, Russia, India, China and South Africa economies following the global financial crisis

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Aurelio Hess ◽  
Celso Campos ◽  
Tankiso Moloi
Keyword(s):  
South Africa ◽  
Economic Development ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Well Being ◽  
Decision Makers ◽  
Average Growth ◽  
Brics Countries ◽  
Before And After ◽  
The Global Financial Crisis

Orientation: Productivity is known as a good predictor of living standards, able to indicate well-being of the population and efficiency of the economy.Research purpose: To examine how the global financial crisis affected the total factor productivity (TFP) of Brazil, Russia, India, China, and South Africa (BRICS) economies.Motivation for the study: Productivity of BRICS is far below the G-7 and EU-28 countries, even though the economies of Brazil, Russia, India, China, and South Africa together are very representative of both the world gross domestic product (GDP) and population.Research design, approach and method: Observational study of a cross country panel data of five countries throughout 14 years, including the period of the 2008 crisis. Based on the Penn World Table (PWT) 9.0 database, we compared BRICS countries, from 2001 to 2014, before and after the financial crisis. Descriptive statistics, tests with Fisher–Snedecor (F) distribution, and a one-way analysis of variance (ANOVA), may bring robust evidence to construct conclusions.Main findings: Findings suggest that the TFP average growth was negatively affected. The special situation of ‘B’ and ‘S’ (Brazil and South Africa) deserves attention, with negative average growth before and after the financial crisis for Brazil, and a dramatic loss of average growth for South Africa. The global crisis seems to have separated BRICS into RIC-BS in the aftermath. Not all the TFP average growths were equal, either before or after the financial crisis.Practical/managerial implications: The TFP average growth, which is essential to economic development of the nation, is the result of managerial behaviour of companies and governments on a day to day basis. Decision makers and policymakers need to know how productivity was affected by the financial crisis.Contribution/value-add: There is a gap in economic literature about the productivity of BRICS compared, restraining the assessment of the homogeneity of the BRICS economic development, especially as an aftermath of the crisis. The main contribution to the field of business and economics is giving evidence-based information to policymakers and decision makers of the BRICS about the extension of the 2008 financial crisis’ impact, offering a new perception of the block’s resilience both individually and combined.

On the formation of a New Paradigm of fiscal Policy

2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov
Keyword(s):  
Public Finance ◽  
Fiscal Policy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Domestic Demand ◽  
Real Economy ◽  
New Paradigm ◽  
Monetary Aggregate ◽  
The Past ◽  
The Global Financial Crisis

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.

ASPEK ETIK DAN SISTEMIK DALAM EKONOMI DAN BISNIS ISLAM

ALQALAM ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 187
Author(s):  
Budi Harsanto
Keyword(s):  
Financial Crisis ◽  
Business Ethics ◽  
Moral Hazard ◽  
Global Financial Crisis ◽  
Financial Institution ◽  
Research Question ◽  
Academic Journals ◽  
Lehman Brothers ◽  
The World ◽  
The Global Financial Crisis

The fall of Enron, Lehman Brothers and other major financial institution in the world make researchers conduct various studies about crisis. The research question in this study is, from Islamic economics and business standpoint, why the global financial crisis can happen repeatedly. The purpose is to contribute ideas regarding Islamic viewpoint linked with the global financial crisis. The methodology used is a theoretical-reflective to various article published in academic journals and other intellectual resources with relevant themes. There are lots of analyses on the causes of the crisis. For discussion purposes, the causes divide into two big parts namely ethics and systemic. Ethics contributed to the crisis by greed and moral hazard as a theme that almost always arises in the study of the global financial crisis. Systemic means that the crisis can only be overcome with a major restructuring of the system. Islamic perspective on these two aspect is diametrically different. At ethics side, there is exist direction to obtain blessing in economics and business activities. At systemic side, there is rule of halal and haram and a set of mechanism of economics system such as the concept of ownership that will early prevent the seeds of crisis. Keywords: Islamic economics and business, business ethics, financial crisis 

Mobilising resiliency in times of economic hardship: Emerging themes in migrant worker remittance payments

2014 ◽  
Vol 7 (2) ◽  
pp. 159-167
Author(s):  
Kevin Garlan
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Migrant Worker ◽  
Economic Hardship ◽  
Priority Areas ◽  
Mobile Payments ◽  
Payment Methods ◽  
The Future ◽  
Emerging Themes ◽  
The Global Financial Crisis

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.

The Pandemic Exposes an Ailing US Governance Model

2020 ◽  
Vol 119 (820) ◽  
pp. 310-316
Author(s):  
Alasdair Roberts
Keyword(s):  
Financial Crisis ◽  
Developing World ◽  
Global Financial Crisis ◽  
Political Polarization ◽  
Washington Consensus ◽  
The Past ◽  
Governance Model ◽  
Governance Challenges ◽  
The Global Financial Crisis ◽  
Current Governance

Since the 1990s and Bill Clinton’s embrace of key parts of Ronald Reagan’s legacy, mainstream US governance has been guided by a bipartisan consensus around a formula of shrinking the federal government’s responsibilities and deregulating the economy. Hailed as the ultimate solution to the age-old problem of governing well, the formula was exported to the developing world as the Washington Consensus. Yet growing political polarization weakened the consensus, and in a series of three major crises over the past two decades—9/11, the global financial crisis, and the COVID-19 pandemic—US policymakers opted for pragmatism rather than adherence to the old formula, which appears increasingly inadequate to cope with current governance challenges.

Sign in / Sign up

Export Citation Format

Share Document