scholarly journals Digital Syria: Myth or Reality

2022 ◽  
Vol 16 (4) ◽  
pp. 46-53
Author(s):  
K. I. Kozhevnikov

The article presents the rationale for the author’s vision of activating one of the intensive tools of economic recovery in the Syrian Arab Republic  – digitalization. It is shown that the restoration with the help of “traditional” methods – strengthening of foreign economic activity - for Syrian Arab Republic is very limited by Western sanctions. Therefore, it is important to search for non-traditional ways, which is technically possible in modern conditions. The author believes that this is also possible in practice.

2021 ◽  
Author(s):  
Bence Kiss-Dobronyi ◽  
Dora Fazekas ◽  
Hector Pollitt

AbstractThe article discusses how and why Green Recovery could be beneficial for the Visegrad countries based on a modelling exercise using the E3ME macroeconometric model. Green Recovery is defined as including policies in recovery plans that not only target economic recovery, but also contribute to environmental targets. The paper proposes that a Green Recovery could be valuable and suitable for the region contributing to both restoring employment and boosting economic activity as well as reaching climate goals. This is tested through a macroeconomic simulation, using the E3ME model. E3ME is built on Post-Keynesian economic theory and on econometric estimations of macroeconomic relationships. The results of the analysis focus on three dimensions: (1) social – employment, (2) environmental – level of CO2 emissions and (3) economic activity – gross domestic product (GDP). Outcomes indicate that a green recovery can shorten the time needed for employment and economic recovery as well as contributes to CO2 emission reductions. In Hungary, Czechia and Poland, the impact persists into the long-term; however, the paper also concludes that countries with high reliance on coal (e.g. Poland) could return to coal in the long term if no further policies are introduced.


Author(s):  
Inna Chuvychkina ◽  

The pandemic has had a negative impact on the socio-economic situation of many German citizens. Measures taken by government bodies to contain the spread of coronavirus infection significantly limit economic activity. The coronavirus crisis sets new challenges for the German federal government in terms of maintaining employment, stabilizing social security and strengthening the manufacturing sector. The paper examines the consequences of the coronavirus pandemic for the German economy and the prospects for its development. Pays special attention to the relationship between the rates of economic recovery and the quality of human capital.


2020 ◽  
Vol 20 (314) ◽  
Author(s):  

Barbados has made good progress in implementing its Economic Recovery and Transformation (BERT) plan to restore fiscal and debt sustainability, rebuild reserves, and increase growth—but faces major challenges owing to the global coronavirus pandemic. Since May 2018, international reserves have increased from a low of US$220 million (5-6 weeks of import coverage) to more than US$1 billion at end-October 2020. This, and a successful 2018-19 public debt restructuring, have helped rebuild confidence in the country’s macroeconomic framework. While the local spread of COVID-19 has been successfully contained, allowing for a cautious reopening of the tourism sector in July, economic activity remains severely depressed owing to the global pandemic. Risks to the outlook remain elevated.


Author(s):  
Ewa Wasilewska

The paper presents an analysis of changes in the structure of economic activity of the population in the older working age (50–64 years) in Poland, divided into three age groups. The study period covered the years 1993 to 2013. In addition to classical measures of structure, the synthetic measures of the intensity in structure transformation were used. They were described with the use of base value or year-over-year comparisons, an important complement to the traditional methods in this field. The study revealed little change in the structure of economic activity covered by the study in a dynamic, whereby the lowest stability was observed in the age group 55–59 years. In addition, during the period 2006–2013 an increase in the involvement of mature and older people in the labor market was observed.


Author(s):  
Shanti Darmastuti ◽  
Mansur Juned ◽  
Fauzan Anggoro Susanto ◽  
Rachmasari Nur Al-Husin

The purpose of this study is to provide an overview of the economic conditions in Indonesia, Philippines and Singapore after COVID-19. Through a literature study, this article looks at economic conditions and the forms of policies taken by Indonesia, Philippines, and Singapore in response to the threat of economic recession. These three countries were taken as the focus of the study considering that the most COVID-19 cases in the Southeast Asia are in these three countries. The result of this research shows that COVID-19 case has had a significant impact on every country. Many sectors are affected by this case. The policies made to prevent the spread of pandemic such as lockdowns and restrictions on the mobility of people have had a significant impact on the economic sector. The decline in economic activity has had an impact on reducing the distribution of income, decreasing domestic consumption and increasing unemployment. If these problems occur in the long term, chances are economic recession will come to these countries. In an economic recession, countries will usually take the form of fiscal and monetary policies to recover the economy or prevent a deeper recession. The conclusion of this research is the threat of an economic recession during the COVID-19 pandemic has become very complex because one country must face a health crisis that has a domino effect on other sectors. Therefore, economic recovery during the COVID-19 needs to pay attention toward the spread of the virus reduction so that the ongoing crisis, both in the economic and health sectors, does not become more severe. Tujuan penelitian ini adalah untuk memberikan gambaran terhadap kondisi ekonomi yang dialami oleh beberapa negara seperti Indonesia, Filipina, dan Singapura akibat dari COVID-19. Melalui metode studi literatur, artikel ini melihat kondisi ekonomi serta bentuk kebijakan yang diambil oleh Indonesia, Filipina, dan Singapura dalam menyikapi ancaman resesi ekonomi. Tiga negara ini diambil sebagi fokus studi mengingat kasus COVID-19 terbanyak di kawasan Asia Tenggara terdapat di tiga negara ini. Hasil penelitian menunjukkan bahwa kasus COVID-19 memberikan dampak yang cukup signifikan bagi setiap negara. Banyak sektor yang terdampak dari adanya kasus ini. Kebijakan untuk memotong rantai perluasan dari Pandemi ini melalui karantina wilayah maupun pembatasan mobilitas orang memberikan dampak yang cukup besar di sektor ekonomi. Penurunan aktivitas ekonomi telah memberikan dampak bagi penurunan distribusi pendapatan, penurunan konsumsi domestik sampai dengan peningkatan pengangguran. Masalah-masalah ini apabila terjadi dalam jangka panjang dikhawatirkan akan menimbulkan ancaman resesi ekonomi bagi satu negara. Pada resesi ekonomi, negara biasanya akan mengambil bentuk kebijakan fiskal maupun moneter untuk melakukan pemulihan ekonomi ataupun mencegah terjadinya resesi yang lebih dalam. Simpulan dari penelitian ini adalah bahwa ancaman resesi ekonomi pada masa COVID-19 menjadi sangat kompleks dikarenakan satu negara dihadapkan pada masalah krisis kesehatan yang memberikan efek domino bagi sektor lainnya.Oleh karena itu, pemulihan ekonomi pada masa COVID-19 perlu memperhatikan upaya pengurangan perluasan virus sehingga krisis berkelanjutan baik dalam bidang ekonomi maupun kesehatan tidak terjadi lebih luas.   Kata Kunci :COVID-19, Resesi, Ekonomi, Kebijakan, Indonesia, Filipina, Singapura  


Author(s):  
Yi Xiao ◽  
Jian Peng ◽  
Yuan Chen ◽  
Zheming Yuan

The COVID-19 pandemic caused by SARS-CoV-2 poses a devastating threat to human society in terms of health, economy and lifestyle. Establishing accurate and real-time models to predict and assess the impact of the epidemic on the economy is instructive. We have designed a new model to quantitatively assess the impact of the COVID-19 on the economy of China’s mainland. The nominal GDP in the Q1 of 2020 that we predicted for China’s mainland with the Baidu Mi-gration Data is RMB 20,785.7 billion, which is less by 3.59% than that in 2019. The estimated val-ue is confirmed roughly by the official report released in April 17, 2020 (RMB 20,650 billion, 6.8% year-on-year declined). Strict control measures during the epidemic have greatly reduced Chi-na's economic activity and had a serious impact on the country's economy. Orderly promotion of population mobility plays a decisive role in economic recovery.


Author(s):  
Yutaka Kurihara ◽  
Akio Fukushima

The use of local currency has been spreading gradually since the 1990s. It has been introduced by nonprofit organizations (NPOs) and similar groups in some countries around the world. Welfare, nursing and nonpaying work, such as childrearing, are among the most popular reasons for introducing local currency. Recently, one local currency has appeared related to preventing environmental problems and protective and nursing industries. In some countries, local currencies have supported expectations for economic recovery. Promoting the spread of local currency is thought to be important. Information technology (IT) has contributed to the spread of local currency and may create new areas of usage and value. Various problems accompany the spreading use of local currencies. Local currency will not create major obstacles to economic activity as long as the sizes of transactions do not increase greatly, so governments and financial authorities have little reason to prohibit its use unless the currency issue authority in the country is seriously threatened. The exchange of digital value through IT (e.g., IC cards and the diffusion of the local currency) has significant value but also increases risks. To promote efficiency and convenience in local currency by introducing IT, governments, public administrations and municipalities should cooperate with a strategy for the information and communication technology (ICT) development. Alliances among many institutions should be considered.


2011 ◽  
Vol 29 (4) ◽  
pp. 1-20
Author(s):  
Jakob Norberg

Hannah Arendt and Alexander and Margarete Mitscherlich produced influential accounts of the postwar West-German population's silence or inarticuleteness. The Mitscherlichs claimed that this silence was symptomatic of a blocked process of mourning; Arendt saw it as a legacy of brutal totalitarian rule. However, both viewed the rapid economic recovery as evidence of the German inability to engage in discursively mediated therapeutic and political processes. Frantic busyness was a form of silence. This paper presents a critical reassessment of these approaches. By drawing on Albert Hirschman's theory of exit and voice, it argues that economic activity possesses a communicative dimension. The alleged retreat from politics is not a symptom of muteness but rather indicates people's preference for an alternative mode of communication. Arendt and the Mitscherlich may be right in assuming a correlation between the postwar economic recovery and ostensible political apathy, but lack the conceptual means to clarify the relationship.


2021 ◽  
Author(s):  
Marco A. Hernández Vega

Economic uncertainty is considered not only one of the main causes of recessions, but also a major obstacle to economic recovery. Recent studies find that significantly high levels of uncertainty could have a non-linear impact that amplifies the response of macroeconomic variables. The objective of this document is to analyze the presence of this impact on portfolio flows to Mexico. The results show that episodes of high uncertainty have a greater negative impact on bond and stock flows than those found under a linear VAR. Furthermore, it is observed that the effect is more persistent for bond flows. Finally, high uncertainty leads to a marked depreciation of the nominal exchange rate, a contraction in economic activity and a fall in the stock index.


2020 ◽  
Vol 208 ◽  
pp. 03008
Author(s):  
Ilya Naumov

The paper presents a methodological approach to the formation of a scenario model of reproduction of the financial potential of the main institutional sectors of the economy, which include financial corporations (banks, insurance organizations, non-state pension funds and other investment companies), non-financial corporations (enterprises of various types of economic activity), government sector, households and foreign institutions. This model characterizes the multifaceted processes of transferring investment resources between sectors. It allows to establish the patterns of their reproduction during periods of recession and economic recovery, as well as to form predictive scenarios for the reproduction of the investment potential of the sectors and assess their impact on the dynamics of the economic stability of the territory.


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