scholarly journals Global Economic Crisis: Impact on Higher Education in Malaysia

2010 ◽  
Author(s):  
Ramli Hassan ◽  
Mohammad Haji Alias
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
The United States ◽  
Food Prices ◽  
Economic Research ◽  
Success Factor ◽  
National Bureau ◽  
Global Economic Crisis ◽  
The Government ◽  
The Impact

The global economy is reeling from the effects of financial crisis which led to an economic crisis triggered by the United States sub-prime mortgage crisis which started in late 2007. The sharp inflation in petroleum and food prices in the first half of 2008 also compounded the problem. The National Bureau of Economic Research (NBER) had declared that the US economy had been in recession since December 2007. Contraction in the growth rates of major developed economies thereby causing global trade in goods and services to plummet has affected open economies including Malaysia. Last year Malaysian GDP grew by about 4.6% over 2007. An ominous sign that economic growth in 2009 would be low or even negative was the 0.1% growth in GDP in the fourth quarter of 2008 compared to the same quarter in 2007. This was due mainly to a 40% drop in net exports. The slow down in growth has affected all sectors of the economy. Education in general and higher education in particular are not spared. Higher education has to compete for scarce public funds. The main objective of this paper is to understand the impact of the global economic crisis on higher education in Malaysia. A better understanding is imperative in order to prepare for the challenges ahead. The challenges ahead are within the framework of the new economic model being formulated by the government in order to lift Malaysia into a high income country within a decade. A major critical success factor is the implementation of an effective human capital development strategy.   Keywords: Economic crisis; higher education; recession.

scholarly journals Anti-crisis state regulation of business under pandemic conditions: results and challenges

2021 ◽  
Vol 187 (1-2) ◽  
pp. 90-98
Author(s):  
Nadezhda Shchukina ◽  
◽  
Victoria Varfalovskaya ◽  
Anna Bekaeva ◽  
Luis Salinas ◽  
...  
Keyword(s):  
Economic Crisis ◽  
State Regulation ◽  
Critical Situation ◽  
Global Economic Crisis ◽  
The Government ◽  
Medium Businesses ◽  
The Impact

The purpose of the research is to identify the main trends and also a model for businesses during COVID-19 pandemic. We focuse on the study of the results of state regulation of business under pandemic conditions and the related global economic crisis. The impact of a number of anti-crisis measures implemented by the Government to support small and medium businesses is studied. The problems of development and survival of enterprises in a down economy are identified and the solutions are suggested. The measures taken by the government to prevent wave of bankruptcies during the pandemic are analyzed. The scenario problems facing the business in the context of COVID-19 crisis are identified. In addition to examining the effect of COVID-19 on small and medium-sized businesses, this article also suggests operational steps to overcome this critical situation.

ANTI-CRISIS STATE REGULATION OF BUSINESS IN THE CONTEXT OF A PANDEMIC: RESULTS AND PROBLEMS

2021 ◽  
Vol 1 (4) ◽  
pp. 73-79
Author(s):  
E. V. KHOMUTOVA ◽  
◽  
N. F. SHCHUKINА ◽  
Keyword(s):  
Economic Crisis ◽  
State Regulation ◽  
The State ◽  
Global Economic Crisis ◽  
The Government ◽  
The Impact

The article is devoted to the study of the results of state regulation of business in the context of a pandemic and the associated global economic crisis. The impact of the system of anti-crisis measures, implemented by the Government of Russia, to support small and medium-sized businesses has been studied. The problems of development and survival of enterprises in a crisis economy are identified and the ways of their solution are proposed. The measures taken by the state to prevent massive bankruptcies during the pandemic are considered.

scholarly journals The Landscape of the Invisibles in Lynn Nottage’s Sweat

2020 ◽  
Author(s):  
Marwa Ghazi Mohammed
Keyword(s):  
Working Class ◽  
Ethnic Groups ◽  
Economic Crisis ◽  
The United States ◽  
Human Beings ◽  
Industrial Landscape ◽  
The Government ◽  
Trade Deals ◽  
The Impact ◽  
Class Community

The rapid growth in technological industries and international trade deals has affected the working-class community in the United States. They have to face unemployment and poverty because machines replaced workers in their work, causing the downsize of the numbers of the workers. The current paper examines how Lunn Nottage explores the de-industrial landscape of Reading town in Pennsylvania to display the impact of the economic crisis on the working-class community. Sweat unveils the dire conditions of work in the factory where those workers used to work and their suffering after losing their jobs. The employers and the government marginalized those workers as being invisible. The playwright set the play between 2000-2008 to present the economic and financial transformations, which consequently have motivated racial hostilities among the different ethnic groups of workers. The paper’s aim is to reveal the impact of poverty and unemployment on raising the evil inside human nature. The significance of the study lies in showing who is to be blamed for racial and hostile actions among various ethnic groups and the reasons for them. The playwright sheds light on the moral decline caused by the economic crisis when human beings feel they are invisible.

scholarly journals COVID-19 and Spillover Effect of Global Economic Crisis on the United States’ Financial Stability

2021 ◽  
Vol 12 ◽  
Author(s):  
Khurram Shehzad ◽  
Liu Xiaoxing ◽  
Faik Bilgili ◽  
Emrah Koçak
Keyword(s):  
United States ◽  
Economic Crisis ◽  
Financial Stability ◽  
Global Economy ◽  
The United States ◽  
Financial Instability ◽  
Future Expectations ◽  
Health Crisis ◽  
The Government ◽  
The Impact

Due to the novel coronavirus pandemic (COVID-19), the lockdown engendered has had a vicious impact on the global economy. This analysis’ prime intention is to evaluate the impact of the United States’ economic and health crisis as a result of COVID-19 on its financial stability. Additionally, the investigation analyzed the spillover impact of the worldwide economic slowdown experienced by COVID-19 on the United States’ financial volatility. The study applied an autoregressive distributed lag (ARDL) model and discovered that the economic and health crises that occurred in the United States portentously upset the future expectations of its investors. Conspicuously, the health crisis in Spain and Italy were ominous spillovers of the United States’ financial instability in the short-run. Likewise, an economic crisis ensued in the United Kingdom because of COVID-19 causing spillover for the United States markets’ financial instability. The examination evaluated that Asian and African nations’ economic crises perilously affects the United States’ financial stability. The study determined that financial instability occurred in the United States due to its own economic and health crises persisted for a longer period than financial disequilibrium that occurred in other nations. The analysis suggested some strategies of smart lockdown that the government of the United States and other nations should follow to restart the economic cycle through tighter controls to minimize losses by following the steps of (a) preparing a lockdown checklist, (b) monitoring completion of lockdown tasks, and (c) complete a close-down stock take or count.

scholarly journals Economic Crisis and Higher Education in Greece

2016 ◽  
pp. 120-148 ◽  
Author(s):  
Charalampos Giousmpasoglou ◽  
Evangelia Marinakou ◽  
Vasileios Paliktzoglou
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Rural Areas ◽  
Policy Makers ◽  
The Public ◽  
Trade Unionism ◽  
Technological Institutes ◽  
The Government ◽  
Industry Needs ◽  
The Impact

It can be argued that higher education (HE) in Greece has always been problematic and dysfunctional in the post-dictatorship era (1974-2008). This is evident from the fact that Greek governments have failed to reform HE according to the EU standards despite the public demand and industry needs. Additionally the existence of a large number of state universities and technological institutes (TEIs) in combination with the phenomena of: nepotism, favouritism, trade unionism, political involvement, and the creation of unnecessary departments in rural areas in order to satisfy the local voters support this argument. This chapter describes the current situation of HE in Greece. It discusses the challenges that staff, students and the government face from the impact of the economic crisis. In addition, it provides an overview of the effects of the changes in HE on the society. Finally, it explores the prospects and opportunities that exist for HE policy makers, staff and students; especially in terms of their future employability.

Fairness in drug prices: do economists think differently from the public?

2018 ◽  
Vol 15 (1) ◽  
pp. 18-29
Author(s):  
Antonio J. Trujillo ◽  
Taruja Karmarkar ◽  
Caleb Alexander ◽  
William Padula ◽  
Jeremy Greene ◽  
...  
Keyword(s):  
Low Income ◽  
Supply And Demand ◽  
Pharmaceutical Research ◽  
The United States ◽  
Economic Research ◽  
National Bureau ◽  
The Public ◽  
Drug Prices ◽  
Entitlement Theory ◽  
The Government

AbstractUsing dual-entitlement theory as the guide, we conducted a survey of economists from the National Bureau of Economic Research asking them a series of questions about the fairness of drug prices in the United States. Public opinion surveys have repeatedly shown that the public perceives drug prices to be unfair, but economists trained in laws of supply and demand may have different perceptions. Three hundred and ten senior economists responded to our survey. Forty-five percent agreed that drug prices were unfair when people, specifically low-income individuals, could not afford their prescription medications. Sixty-five percent oppose a dollar threshold, or upper limit, on drug prices. The economists recommend the most promising policy change would be to provide the government additional negotiating power and price controls would moderately impact investment in pharmaceutical research and development.

ANALISIS VARIASI HARGA BERAS DI PROVINSI RIAU DAN DAERAH PEMASOK

2017 ◽  
Vol 33 (2) ◽  
pp. 19
Author(s):  
Desmiyanti Jusar ◽  
Djaimi Bakce ◽  
Eliza Eliza
Keyword(s):  
Economic Crisis ◽  
Food Prices ◽  
Price Variation ◽  
Price Development ◽  
Price Fluctuations ◽  
Rice Price ◽  
Increasing Trend ◽  
Global Economic Crisis ◽  
The Government

Riau is one of the provinces that is highly dependent on the supplier area, not the producer area, but the rice consumer net. This causes the price of rice to fluctuate, so the observation of rice price development is very important for the Government of Riau Province. Price fluctuations with large variations are a problem whereas price fluctuations with low variations are relatively controllable, so research on the analysis of price variations, important to do. The results show that overall rice price variation in Riau Province and supplier areas in 2006 - 2015 were is relatively stable with an increasing trend but there was a rice price jump in 2008 as a result of the global economic crisis, where food prices are rising while revenues decrease.

The Impact of Food and Global Economic Crises (2008) on Food Security in Egypt

2014 ◽  
Vol 13 (1-2) ◽  
pp. 205-236 ◽  
Author(s):  
Samah Sayed Ahmed
Keyword(s):  
Food Security ◽  
Economic Crisis ◽  
Food Prices ◽  
Economic Crises ◽  
Global Economic Crisis ◽  
Before And After ◽  
The Status ◽  
Global Shocks ◽  
Vulnerable Households ◽  
The Impact

Abstract This paper aims to study how food security in Egypt influenced by the global rising of food prices occurs during the period 2006-2008 and the global economic crisis beginning in 2008. In order to achieve the aim of the study, the paper was divided into three main sections in addition to introduction, the second one analyze the features of food crisis and its reasons and its effects on the poor and households. The third section represents the global economic crisis and its impacts on the most vulnerable households. The fourth section, analyze the status of food security in Egypt before and after the two crises, government response to food and global economic crises, role of international organizations in Egypt as a result of the two crises, the Arab awakening and its impact on food security, finally, the paper introduces some policy options to address food insecurity in Egypt. The main conclusion of the study is that the Egyptian economy is highly vulnerable to food and economic global shocks, and the status of food security after the two crises is classified as a serious case.

scholarly journals ANALISIS VARIASI HARGA BERAS DI PROVINSI RIAU DAN DAERAH PEMASOK

2019 ◽  
Vol 33 (2) ◽  
pp. 137-144
Author(s):  
Desmayanti Jusar ◽  
Djaimi Bakce ◽  
Eliza Eliza
Keyword(s):  
Economic Crisis ◽  
Food Prices ◽  
Price Variation ◽  
Price Development ◽  
Price Fluctuations ◽  
Rice Price ◽  
Increasing Trend ◽  
Global Economic Crisis ◽  
The Government

Riau is one of the provinces that is highly dependent on the supplier area, not the producer area, but the rice consumer net. This causes the price of rice to fluctuate, so the observation of rice price development is very important for the Government of Riau Province. Price fluctuations with large variations are a problem whereas price fluctuations with low variations are relatively controllable, so research on the analysis of price variations, important to do. The results show that overall rice price variation in Riau Province and supplier areas in 2006 - 2015 were is relatively stable with an increasing trend but there was a rice price jump in 2008 as a result of the global economic crisis, where food prices are rising while revenues decrease.

scholarly journals The Landscape of the Invisibles in Lynn Nottage’s Sweat

2020 ◽  
Vol 4 (4) ◽  
pp. 35-42
Author(s):  
Marwa Ghazi Mohammed
Keyword(s):  
Working Class ◽  
Ethnic Groups ◽  
Economic Crisis ◽  
The United States ◽  
Human Beings ◽  
Industrial Landscape ◽  
The Government ◽  
Trade Deals ◽  
The Impact ◽  
Class Community

The rapid growth in technological industries and international trade deals has affected the working-class community in the United States. They have to face unemployment and poverty because machines replaced workers in their work, causing the downsize of the numbers of the workers. The current paper examines how Lunn Nottage explores the de-industrial landscape of Reading town in Pennsylvania to display the impact of the economic crisis on the working-class community. Sweat unveils the dire conditions of work in the factory where those workers used to work and their suffering after losing their jobs. The employers and the government marginalized those workers as being invisible. The playwright set the play between 2000-2008 to present the economic and financial transformations, which consequently have motivated racial hostilities among the different ethnic groups of workers. The paper’s aim is to reveal the impact of poverty and unemployment on raising the evil inside human nature. The significance of the study lies in showing who is to be blamed for racial and hostile actions among various ethnic groups and the reasons for them. The playwright sheds light on the moral decline caused by the economic crisis when human beings feel they are invisible.

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