scholarly journals Financial well-being, COVID-19, and the financial better-than-average-effect

2020 ◽  
Author(s):  
Kinga Barrafrem ◽  
Daniel Västfjäll ◽  
Gustav Tinghög
Keyword(s):  
Information Processing ◽  
Financial Literacy ◽  
Psychological Factors ◽  
Global Economy ◽  
Well Being ◽  
Average Effect ◽  
The World ◽  
Near Future ◽  
Economic Outlook ◽  
Better Than

At the onset of the COVID-19 outbreak we conducted a survey (n=1000) regarding how people assess the near future economic situation within their household, nation, and the world. Together with psychological factors related to information processing we link these prospects to financial well-being. We find that, although generally very pessimistic, a substantial proportion of individuals believes that national and global economy will be doing worse than their household, what we call a financial ”better-than-average effect”. Furthermore, we find that private economic outlook and financial ignorance are linked to financial well-being while financial literacy and the (inter)national situation are not.

Institutions and the Global Political Economy

2017 ◽  
Author(s):  
Lisa L. Martin
Keyword(s):  
International Economic ◽  
Nineteenth Century ◽  
Political Economy ◽  
Global Economy ◽  
International Institutions ◽  
Well Being ◽  
Economic Institutions ◽  
Global Political Economy ◽  
The World ◽  
The Impact

In a comparison of today’s global political economy with that of the last great era of globalization, the late nineteenth century, the most prominent distinction is be the high degree of institutionalization in today’s system. While the nineteenth-century system did have some important international institutions—in particular the gold standard and an emerging network of trade agreements—it had nothing like the scope and depth of today’s powerful international economic institutions. We cannot understand the functioning of today’s global political economy without understanding the sources and consequences of these institutions. Why were international organizations (IOs) such as the World Trade Organization (WTO) or International Monetary Fund (IMF) created? How have they gained so much influence? What difference do they make for the functioning of the global economy and the well-being of individuals around the world? In large part, understanding IOs requires a focus on the tension between the use of power, and rules that are intended to constrain the use of power. IOs are rules-based creatures. They create and embody rules for gaining membership, for how members should behave, for monitoring, for punishment if members renege on their commitments, etc. However, these rules-based bodies exist in the anarchical international system, in which there is no authority above states, and states continue to exercise power when it is in their self-interest to do so. While states create and join IOs in order to make behavior more rule-bound and predictable, the rules themselves reflect the global distribution of power at the time of their creation; and they only constrain to the extent that states find that the benefits of constraint exceed the costs of the loss of autonomy. The tension between rules and power shapes the ways in which international institutions function, and therefore the impact that they have on the global economy. For all their faults, international economic institutions have proven themselves to be an indispensable part of the modern global political economy, and their study represents an especially vibrant research agenda.

The Quality of Life

2018 ◽  
Author(s):  
Richard Kraut
Keyword(s):  
Quality Of Life ◽  
No Value ◽  
Thought Experiment ◽  
Human Life ◽  
Well Being ◽  
Robert Nozick ◽  
Experience Machine ◽  
The World ◽  
Better Than

The Quality of Life: Aristotle Revised presents a philosophical theory about the constituents of human well-being. It begins with Aristotle’s thoughts about this topic, but often modifies and sometimes rejects them. The principal idea is that what Aristotle calls “external goods” (wealth, reputation, power) have at most an indirect bearing on the quality of our lives. A good internal life—the way in which we experience the world—is what well-being consists in. Pleasure is one aspect of this experience, but only a small part of it. Far more valuable is the quality of our emotional, intellectual, social, and perceptual experiences. These aspects of our existence make it potentially richer and deeper than the quality of life available to many other animals. A good human life is immeasurably better than that of a simple creature that feels only the pleasures of nourishment. Even if it felt pleasure for millions of years, human life would be superior. Contemporary discussions of well-being often appeal to a thought experiment devised by Robert Nozick, which holds that we should not attach ourselves to an “experience machine”—a device that manipulates our brains and gives us any illusory experiences of our choosing. This is thought to show that one’s interior life has little or no value on its own; that we must live in “the real world” to live well. In fact, however, this thought experiment supports the opposite conclusion: the quality of our lives consists in the quality of our experiences.

Brian Herbert Kay 1944–2017

2018 ◽  
Vol 29 (1) ◽  
pp. 36
Author(s):  
Michael F. Good ◽  
Scott A. Ritchie ◽  
Darryl McGinn ◽  
Richard C. Russell
Keyword(s):  
Public Health ◽  
Well Being ◽  
Asia Pacific ◽  
Pacific Region ◽  
Asia Pacific Region ◽  
The World ◽  
History Of ◽  
Young Researchers ◽  
Better Than ◽  
Scientific Achievements

Brian Kaywas a renowned entomologist and arbovirologistwhoworked in academia and with local and international governments to make major and lasting improvements in public health. Particular highlights were the first ever elimination of a saltmarsh mosquito in the world and elimination of dengue from many hamlets and villages in Vietnam. He is also remembered for the development of the careers of many young researchers in Australia and overseas. When thinking of Brian Kay, three things come to mind immediately. First, Brian was a great character–a man of fun and passion and always good to be around. He had a great cheeky smile. Second, Brian was deeply committed to the careers and well-being of those around him–exemplified no better than how he acted so caringly for the Queensland Institute of Medical Research (QIMR) staff when he served for several years as Chairman of the QIMR Staff Association; and third, Brian was an outstanding entomologist, biologist, scientist. Here, we give a little history of his background and attempt to distil a few of Brian's many scientific achievements and paint a picture of a man who was greatly admired and loved by those who worked alongside him in various parts of the world, but predominantly in Australia and the Asia Pacific Region.

نموذج التنمية المستدامة في الصين ومدى استفادة العرب منها / China’s Sustainable Development Model and How Arabs Benefit From it

2021 ◽  
Vol 1 (1) ◽  
pp. 68-80
Author(s):  
Massoud Daher
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Well Being ◽  
Arab Countries ◽  
Common Interest ◽  
Development Model ◽  
Inclusive Development ◽  
High Quality ◽  
Chinese Characteristics ◽  
The World

Abstract Based on the development of positive relations between China and the Arab countries in the context of a new globalization on the path to a multipolar world, this study addresses the following methodological issues: China’s development achievements in the reform and the opening-up movement, China’s success in the face of the Covid-19 epidemic, and the analysis of the notion of “Sustainable Development” and the Chinese characteristics of the concept of socialism. Accurate scientific conclusions confirmed that sustainable development with Chinese characteristics constitutes a distinct model of rational and balanced development that achieved the well-being of the Chinese population. The Belt and Road Initiative has been widely welcomed in all Arab countries. Arab institutions, both official and private, have begun to study the Chinese development model to build a new style of development based on social stability, economic prosperity and mutual benefit. China is a leading model for promoting the common interest of people. China contributes positively to the well-being of its people and the rest of the world through cooperation. It is moving forward with high-quality development plans that provide new opportunities to revive the global economy, which is suffering from the drawbacks of the Covid-19 pandemic. Having presented China as a leading human model of inclusive development to realize the Chinese Dream, the enlightened Arab elites have shown increasing interest in this high-quality experiment that has succeeded in eradicating poverty, combating Covid-19, helping the recovery of the global economy, and promoting opportunities for advancement, innovation and creativity on a global level. Since China’s development was built on moral and humanitarian rules, it is warmly welcomed in the Arab countries because it affirms that humans are the greatest capital and the goal of sustainable development. It offers rich and useful lessons for everyone around the world.

Employee Ownership or How to Anticipate Financial Crises Within a Company

2022 ◽  
pp. 18-33
Author(s):  
Chibani Siham ◽  
Mohammed Elkhamlichi
Keyword(s):  
Economic Crisis ◽  
Financial Crises ◽  
Global Economy ◽  
Working Hours ◽  
Well Being ◽  
Employee Ownership ◽  
Virus Spread ◽  
Dramatic Effect ◽  
The World ◽  
A Company

The COVID-19 pandemic has turned the world of work upside down. It is having a dramatic effect on the employment, livelihoods, and well-being of workers and their families, as well as on businesses around the world, especially small and medium-sized enterprises. It started in China at the end of 2019, with that country's economy mainly the first to be affected. The global economy was then impacted as the virus spread. It is a bit early to estimate precisely the extent of the economic crisis on a company, but it is already certain that it is more brutal than before. Companies that have opened their capital to their employees are more likely to keep their employees than other companies that offer a significantly higher level of security to their employees (maintenance of working hours and compensation). What practical economic logic will be found in the company once employee ownership is applied? Would it be an effective way to overcome the various situations of discontent and anxiety among employees, where these feelings are already very strong?

scholarly journals The World Economy

2018 ◽  
Vol 246 ◽  
pp. F3-F3
Keyword(s):  
Global Economy ◽  
World Economy ◽  
List Type ◽  
Medium Term ◽  
Advanced Economies ◽  
The World ◽  
Full Capacity ◽  
Near Term ◽  
Global Growth ◽  
Economic Outlook

The global economy is set to continue to grow at a pace of slightly below 4 per cent a year in the near term.Oil prices have risen further and with some advanced economies appearing to be operating at close to full capacity, there is a risk that inflation will increase. Our expectation is that any rise will be limited.US tariff increases and confrontational trade rhetoric are adding uncertainty to the global economic outlook, with a bias towards slower growth as a consequence.Without a recovery in productivity growth, the pace of economic expansion in the medium term will be slower than at present. Our medium term outlook is for global growth of around 3.5 per cent a year.

scholarly journals The Outbreak of Coronavirus (COVID-19) Plagues the World

2021 ◽  
Vol 8 (3) ◽  
pp. 191-200
Author(s):  
Guy Bäckman
Keyword(s):  
Social Policy ◽  
Global Economy ◽  
Well Being ◽  
Goal Orientations ◽  
Advanced Technology ◽  
World Health ◽  
Smart Devices ◽  
Social Suffering ◽  
Social Distancing ◽  
The World

The focus is on the outbreak of covid-19 and the patterns inherent in it as they appear in valid statistics and current research. The approach relies on overall goals and strategies in combating the spread of the virus. The examination is placed within an interdisciplinary frame of reference, particularly social policy and economics. A primary and crucial goal of social policy is to ensure, within prevailing economic frames, equity and social justice in the pursuit of sustainable development. The new coronavirus (COVID-19), which was first detected in December 2019 in Wuhan, China, has been declared a global emergency by the World Health Organization, as the outbreak continues to spread outside China. As of the beginning of October 2020, the number of reported covid-19 cases around the world is about 34 million, and the number of deaths amounts to 860 thousand. The worldwide spread of coronavirus is severely affecting the global economy; millions of the global population are under some form of lockdown. The coronavirus pandemic, experienced as a severe shock, has caused not only economic difficulties but also social suffering and concerns for the infected individuals and their families, relatives and closest acquaintances. Increased concern, in connection with the economic slowdown, have given rise to new policies to combat the spread of the new coronavirus never before seen in humans. The policy actions range from social distancing that allow people to work online at home to the closing of borders. In the new emergency conditions, the values and goal orientations emphasize life and health as fundamental human rights. In addition to increased care provisions, other policy actions, such as relief package designed to ensure economic activities and the welfare and well-being of individuals and families, telemedicine, remote work and smart devices are used to enable visiting other people in order to return to normal. Although science guided by humanistic principles, has provided the knowledge to portray the state of the world and human conditions, the preparedness for combating the coronavirus pandemic and the treatment of people infected with the virus, have been found to vary among nations. Significant access barriers remain, especially in remote areas, including the cost of data as well as lack of understanding of foreign languages to manipulate devices and understand internet content. International responsibility and solidarity appear as primary guiding principles in connecting all policy actions to combat coronavirus. Keywords: Advanced technology, global economy, relief package, social distancing, access to data, social suffering, solidarity.

scholarly journals EMERGING ECONOMETRICS OF BOMB, WAR AND FREE DIRECT INVESTMENTS TO STABILIZE THE SOCIO-ECONOMIC CONDITIONS OF OWN COUNTRY IN GLOBALIZED WORLD

2017 ◽  
Vol 5 (6) ◽  
pp. 170-174
Author(s):  
Chiranjib Kumar
Keyword(s):  
Global Economy ◽  
Peace Building ◽  
Goods And Services ◽  
One Belt One Road ◽  
The World ◽  
Recent Developments ◽  
Globalized World ◽  
The Impact ◽  
Better Than ◽  
Key Questions

The global economy has been facing a lot of challenges and crisis due to Interlinkage for exchanging goods and services. A race is going on among different nations to become a super powerful country. As a result of which global warming and climate change has been seen throughout the world. A new econometrics has taken over the charge of international politics and that could be seen in the recent developments took place in Korean Peninsula and some part of the world where powerful politicians of the world have been threatening to each other for deep consequences. The Key Questions are, Q.1. What happened in the Middle East?  Q.2. What is happening in Syria and others countries?  Ans. The impact would be more transparent and visible in the coming days. Q.3. What is OBOR (One Belt One Road) of China? Ans. Imposing their excess burdens on other countries on the name of globalization and peace building and making realize the participating countries that you are under my kindness with liabilities(indirect loan). The present paper has tried to find out answers of some questions and also suggests solutions at last. Qualitative thinking is always better than quantitative thinking

scholarly journals The Growing Gap

2021 ◽  
pp. 1-22
Author(s):  
Jakkie Cilliers
Keyword(s):  
South Korea ◽  
Global Economy ◽  
Well Being ◽  
Extreme Poverty ◽  
Key Characteristics ◽  
The World

AbstractIn this chapter Cilliers introduces the growing divergence in income and other indices of well-being between Africa and the Rest of the World. He touches on various aspects such as extreme poverty and Africa’s marginal role in the global economy and illustrates the challenge by comparing the divergent experiences of South Korea and Ghana in demographics and income, before moving to introduce matters relating to productivity, digitisation, agriculture and manufacturing. The chapter presents key characteristics of Africa compared to other countries and regions to 2040, defines some of the terms, introduces the International Futures forecasting platform that is used for the forecasts, and the structure of the book.

A World Movement in Favour of Human Rights

1963 ◽  
Vol 33 (3-4) ◽  
pp. 112-120
Author(s):  
Admiral E. Biörklund
Keyword(s):  
Human Rights ◽  
Human Mind ◽  
The Political ◽  
Practical Application ◽  
General Development ◽  
Political Leaders ◽  
The World ◽  
Psychological Attitude ◽  
Near Future ◽  
Better Than

AbstractFor more than ten years I have been systematically studying all aspects of the borderline between policy and military high strategy, which is now called Grand Strategy. Many times I have been astonished to see that Western democratic leaders did not better utilize the advantages of Western psychological attitude in the silent struggle of the human mind all over the world. A clever and widespread Communist propaganda was allowed to gain ground in many countries, practically without being contradicted by the democratic Governments. Often I asked myself: But do not the political leaders in those countries understand that the dictatorial way of treating human rights is the Achilles-heel of Communism? In order to prove this statement, I have found it logical to begin with a short investigation of the actual world situation, of which principles should be the basis for an international, psychological policy and how to synchronize their practical application. Only after this can we understand better the general development of the problem of Human Rights, the democratic and dictatorial ideas on this subject, ideological current aspects for the near future and how the democracies should utlize their advantages better than they do now.

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