Global Economic Crisis of 2008-2009: Sources and Roots

2009 ◽  
pp. 18-31
Author(s):  
G. Rapoport ◽  
A. Guerts

In the article the global crisis of 2008-2009 is considered as superposition of a few regional crises that occurred simultaneously but for different reasons. However, they have something in common: developed countries tend to maintain a strong level of social security without increasing the real production output. On the one hand, this policy has resulted in trade deficit and partial destruction of market mechanisms. On the other hand, it has clashed with the desire of several oil and gas exporting countries to receive an exclusive price for their energy resources.

Author(s):  
Olga Zakrzewska

The paper is dealing with the role of energy security questions within EU–Russia relations, particularly in the context of their import–export interdepedence. The article is concentrating on the oil and gas sectors as this two branches play crucial role in EU–Russia energy relations. The paper is also analyzing the importance of Russian oil and gas sectors for the Russian economic security in general. By describing the problems of those two sectors, author is showing on the one hand threats for further Russian economic development and on the other hand risk for EU energetic security. Since EU is the biggest consumer of Russian energy resources and Russia is the biggest supplier of EU energy resources, problems of Russian energy sector strongly influence EU energy security. The article is analyzing this interdependencies.


1857 ◽  
Vol 3 ◽  
pp. 294-295
Author(s):  
Robert Harkness

The author remarks that the existence of Annelida during the Palæozoic formations is manifested in two conditions. In the one, we have the shelly envelope which invests the order Tubicola, in the form of Seapolites; and in the other, the tracks of the orders Abranchia and Dorsi-branchiata are found impressed on deposits which were, at one time, in a sufficiently soft state to receive the impressions of the wanderings of these animals.Among the strata which have hitherto afforded annelid tracks, those which, in the county of Clare, represent a portion of the equivalents of the Millstone Grit, contain such tracks, in their most perfect state of preservation in great abundance; and these strata also furnish evidence concerning the circumstances which prevailed during their deposition.


2019 ◽  
Vol 2 (1) ◽  
pp. 167-171
Author(s):  
Mohammad Sabiq ◽  
Akhmad Jayadi ◽  
Imam Nawawi ◽  
Mohammad Wasil

Materialism and sich are the driving spirit of the community in achieving economic and financial security that saves a holistic and socially just welfare. This can be seen from the lives of people in materialistic developed countries, where the level of social stress is higher, economic inequality widens, horizontal conflict is rife. This research uses Pierre Felix Bourdieu's social theory in seeing people trust the expenditure of material with other values, such as spiritual and cultural values ​​that are no less urgent as elements of social welfare development. This study found that materialism on the one hand has a positive effect, where people are encouraged to use material standards in measuring the level of welfare they expect. On the other hand, materialism closes the presence of values ​​such as spirituality, local wisdom and agriculture in completing more holistic welfare standards.


Finisterra ◽  
2012 ◽  
Vol 39 (78) ◽  
Author(s):  
Cayetano Espejo Marín

From the early 1960s onwards, Spain and Portugal have maintained far-reaching programs for the exchange of electric power. These contacts have afforded, on the one hand, an increase in the security of electricity supply for both countries and, on the other, a better exploitation of their particular energy resources. The likely launching of the Iberian Electricity Market in April 2004 will lead to a new phase in the relations between Portugal and Spain. The new Market is based on three essential elements: i) the expansion of electric links along their shared national borders, ii) the setting up of a lone Operator for the single Iberian Market and iii) the coordination of the two Operators that exist nowadays, RED ELÉCTRICA DE ESPAÑA and REDE ELÉCTRICA NACIONAL. The Iberian Electricity Market will be the first to comprise countries of the European Community only and it will generate one-tenth of the electric power consumed in Europe, being the fourth largest producer.


Author(s):  
Jaideep Prabhu

The global economy will face significant challenges over the next few decades. On the one hand, it must meet the needs of 7 billion consumers (growing to 9 billion by 2050), including the currently unmet basic needs of large numbers in developing countries in areas such as food, energy, housing and health. On the other hand, it must achieve this growth without exceeding the resources available on the planet or causing environmental devastation. This paper argues that such change is possible through a systemic shift to a frugal economy that involves radical, frugal innovation across sectors. Such a transformation will involve the participation of large and small firms, consumers and governments alike. The paper introduces the notion of frugal innovation—the creation of faster, better and cheaper solutions for more people that employ minimal resources—and discusses strategies and examples of such change already taking place in core sectors like manufacturing, food, automotive and energy in developing and developed economies. It also outlines the role of the interaction between large and small firms as well as between firms and consumers in making change possible, as well as the role of governments in driving change where market mechanisms alone will not suffice. This article is part of the themed issue ‘Material demand reduction’.


2015 ◽  
Vol 81 (3) ◽  
pp. 261-299 ◽  
Author(s):  
Michele Boldrin ◽  
Mariacristina De Nardi ◽  
Larry E. Jones

Abstract:The data show that an increase in government provided old-age pensions is strongly correlated with a reduction in fertility. What type of model is consistent with this finding? We explore this question using two models of fertility, the one by Barro and Becker (1989), and the one inspired by Caldwell and developed by Boldrin and Jones (2002). In the Barro and Becker model parents have children because they perceive their children’s lives as a continuation of their own. In the Boldrin and Jones’ framework parents procreate because the children care about their old parents’ utility, and thus provide them with old age transfers. The effect of increases in government provided pensions on fertility in the Barro and Becker model is very small, and inconsistent with the empirical findings. The effect on fertility in the Boldrin and Jones model is sizeable and accounts for between 55 and 65% of the observed Europe–US fertility differences both across countries and across time and over 80% of the observed variation seen in a broad cross section of countries. Another key factor affecting fertility the Boldrin and Jones model is the access to capital markets, which can account for the other half of the observed change in fertility in developed countries over the last 70 years.


1794 ◽  
Vol 84 ◽  
pp. 107-118 ◽  

Dear Sir, Since my last letter, being employed in the prosecution of my experiments upon light, I was struck with a very beautiful, and what to me appeared to be a new appearance. Desirous of comparing the intensity of the light of a clear sky, by day, with that of a common wax candle, I darkened my room, and letting the daylight from the north, coming through a hole near the top of the window-shutter, fall at an angle of about 70° upon a sheet of very fine white paper, I placed a burning wax candle in such a position that its rays fell upon the same paper, and as near as I could guess, in the line of reflection of the rays of daylight from without; when interposing a cylinder of wood, about half an inch in diameter, before the centre of the paper, and at the distance of about two inches from its surface, I was much surprised to find that the two shadows projected by the cylinder upon the paper, instead of being merely shades without colour, as I expected, the one of them, that which, corresponding with the beam of daylight, was illuminated by the candle, was yellow ; while the other, corresponding to the light of the candle, and consequently illuminated by the light of the heavens, was of the most beautiful blue that it is possible to imagine. This appearance, which was not only unexpected, but was really in itself in the highest degree striking and beautiful, I found, upon repeated trials, and after varying the experiment in every way I could think of, to be so perfectly permanent, that it is absolutely impossible to produce two shadows at the same time from the same body, the one answering to a beam of daylight, and the other to the light of a candle or lamp, without these shadows being coloured, the one yellow and the other blue . The experiment may very easily be made at any time by day, and almost in any place, and even by a person not in the least degree versed in experimental researches. Nothing more is necessary for that purpose than to take a burning candle into a darkened room in the day time, and open one of the window-shutters a little, about half or three quarters of an inch for instance; when the candle being placed upon a table or stand, or given to an assistant to hold, in such a situation that the rays from the candle may meet those of daylight from without, at an angle of about 40°, at the surface of a sheet of white paper, held in a proper position to receive them, any solid opaque body, a cylinder, or even a finger, held before the paper, at the distance of two or three inches, will project two shadows upon the paper, the one blue, and the other yellow.


ALQALAM ◽  
2010 ◽  
Vol 27 (3) ◽  
pp. 398
Author(s):  
Anis Fauzi

If we want to be honest, as a matter of fact, there are many regions that are not ready to receive various authorities in the context of the religion autonomy yet, including in carrying aut the authority on education sector. The reasons for his are (a) insufficient human resourse, (b) unavailabel means and infrastructures, (c) the very low provincial budget, (d) the lack of mentality toward changes, (e) being nervous and afraid toward renewal or innovative efforts. To be bureaucratic elite is dilemmatic and confusing. On the one hand, one has to works hard to serve the complex and hard problen of the society; on the other hand, the regulations of the district head are financial monitoring which is becoming stricter and stricter as well as the multiinterpretation between the organizer and the law enforcer apparatus. Realization of decentralization in the school management needs the readiness from all supporting elemnts in the region. There are, at least, four elements that schould be prepared in order that the realization of decentralization succeed: (1) Law and regulation that regulate decentralization of education from distric or provincial level until the instituation level, (2) the devloment of the region capability, (3) creating the startegy of unit which is in charge of making education planning, (4) the readiness of society in receiving and helping to create the conducive milieu for realization of the decentralization. Keywords: school autonomy, autonomy of education bureaucracy, district / city


2013 ◽  
Vol 4 (4) ◽  
pp. 25-32
Author(s):  
V. S Zadionchenko ◽  
G. G Shehyan ◽  
A. A Yalymov

Despite the facts, revealing the mechanisms of pathogenesis and enhancing the effectiveness of the treatment of cardiovascular disease (CVD), the latter continues to be the leading cause of death and disability in the population. In this regard, the search for new treatments for CVD remains the most relevant in modern cardiology. In the treatment of CVD many classes of drugs are used, among which are calcium antagonists (AA). This class of drugs has been successfully used in the treatment of patients with arterial hypertension (AH) and coronary heart disease [1-3, 5].CA are a heterogeneous group of drugs that have the similar actionmechanism, but differ in a number of properties, including pharmacokinetics, tissue selectivity, effect on heart rate, etc. The main feature of all is the ability of CA to reversibly inhibit calcium current through the slow calcium channels. These funds are used in cardiology from the end of the 1960s and have since become so widely popular that in most developed countries they hold one of the first places on the prescription rate of drugs used for the treatment of cardiovascular disease. This is due, on the one hand, to the CA high clinical efficacy, and on the other to a relatively small number of contraindications to their purpose and the comparatively small number of side effects. [1, 2, 4, 5].


Author(s):  
Stanisław Sala

This article presents the role and the importance of Polish Transnational Corporations (TC) to global economy. Dynamic development of TC can be observed since the beginning of 70s of the 20thcentury. Nowadays TC have huge economic power which generates large profits. Many times incomes of TC are bigger than the value of GDP of less developed countries. Activity of TC is very controversial. On the one hand, present TC should be treated as an answer to qualitative changes which have taken place mainly in the sphere of telecommunication and means of transport, on the other hand, they are the motive power of these changes.Polish corporations are very small in comparison with the foreign ones. We have noticed a great disproportion of worth in comparison with corporations which are on the list of the global 1000 or 2000 biggest-worth corporations on the rising market. If Polish corporations want to catch up with the foreign ones, they must considerably increase the speed of their development.


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