scholarly journals The Impact of Globalization on Eurasian Economies: Prospects for Development in the 21st Century

2010 ◽  
Author(s):  
Berch Berberoglu
Keyword(s):  
Growth And Development ◽  
Global Economy ◽  
Negative Impact ◽  
State Intervention ◽  
Positive Outcome ◽  
Economic Policies ◽  
The Past ◽  
Financial Base ◽  
The Impact ◽  
Heavy State

The post-Soviet transformation of Eurasian economies over the past two decades has taken place within the context of the globalization process that has affected many countries around the world. Globalization of capital and transformation of these countries in a market-oriented direction through privatization and joint-ventures with foreign capital has had varied effects in growth and development of Eurasian economies. These developments have taken place at various rates and at varying speeds, depending on the country, especially when one contrasts those in Central Asia with other countries in more developed regions of Eurasia, such as Turkey. In Turkey, a hybrid model of development has evolved over several decades -- one that is built on a strong economic base inherited from the past, where heavy state intervention in the economy has led to the development of a viable industrial infrastructure upon which private capital has expanded and benefited immensely. Thus, the Turkish economy can serve as a model for other Eurasian economies that lack the necessary industrial and financial base, but are able to address the region’s economic problems through a partnership with Turkey. Although a common characteristic of Eurasian economies is the adoption of neoliberal economic policies and integration into the global economy, which often has a negative impact on national economies, a careful approach in engaging with the global economy with heavy state support to guide through the process (as in China) could result in a positive outcome that fosters growth and development of the Eurasian region in the twenty-first century.

Latin America and the Cultural Consequences and Contradictions of Globalization

2003 ◽  
Vol 2 (1) ◽  
pp. 54-76 ◽  
Author(s):  
Lois Hecht Oppenheim
Keyword(s):  
Latin America ◽  
Cultural Values ◽  
Global Economy ◽  
Economic Policies ◽  
Traditional Values ◽  
The Past ◽  
Market Culture ◽  
Political Apathy ◽  
The Impact

AbstractThis paper examines the impact of the twin forces of neoliberalism and globalization on culture in Latin America. It argues that the application of a neo-liberal economic strategy over the past 25 years and the increased integration of the region's economy into the global economy have led to changes in cultural values and lifestyles. There is much evidence to support the idea that the changes denote the diffusion of a US-style market culture, which values individualism, competition, and consumerism. Chile was taken as a case study, as it has the longest and most successful experience with the neo-liberal model and globalization in the region. In Chile, and elsewhere, there are notable changes in political culture, including a less partisan and ideological electorate, increased political apathy, especially among the youth, and campaign formats that emphasize style over substance. At the same time, more complex cultural mixtures are also emerging, in which, for example, new campaign techniques are used to reinforce traditional values. There is also increasing resistance to the application of neo-liberal economic policies and to globalization in the region, although it is unclear to what extent this opposition can stem the international tide.

COVID -19 and Indian Financial Markets: A Review

2020 ◽  
Vol 16 (02) ◽  
pp. 1-8
Author(s):  
Kamaldeep Kaur Sarna
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Financial Services ◽  
Stock Markets ◽  
Global Economy ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Management Strategies ◽  
The Impact

COVID-19 is aptly stated as a Black Swan event that has stifled the global economy. As coronavirus wreaked havoc, Gross Domestic Product (GDP) contracted globally, unemployment rate soared high, and economic recovery still seems a far-fetched dream. Most importantly, the pandemic has set up turbulence in the global financial markets and resulted in heightened risk elements (market risk, credit risk, bank runs etc.) across the globe. Such uncertainty and volatility has not been witnessed since the Global Financial Crisis of 2008. The spread of COVID-19 has largely eroded investors’ confidence as the stock markets neared lifetimes lows, bad loans spiked and investment values degraded. Due to this, many turned their backs on the risk-reward trade off and carted their money towards traditionally safer investments like gold. While the banking sector remains particularly vulnerable, central banks have provided extensive loan moratoriums and interest waivers. Overall, COVID-19 resulted in a short term negative impact on the financial markets in India, though it is making a way towards V-shaped recovery. In this context, the present paper attempts to identify and evaluate the impact of the pandemic on the financial markets in India. Relying on rich literature and live illustrations, the influence of COVID-19 is studied on the stock markets, banking and financial institutions, private equities, and debt funds. The paper covers several recommendations so as to bring stability in the financial markets. The suggestions include, but are not limited to, methods to regularly monitor results, establishing a robust mechanism for risk management, strategies to reduce Non-Performing Assets, continuous assessment of stress and crisis readiness of the financial institutions etc. The paper also emphasizes on enhancing the role of technology (Artificial Intelligence and Virtual/Augmented Reality) in the financial services sector to optimize the outcomes and set the path towards recovery.

It's all in the past: how do colonial legacies between host and home countries affect the expatriate experience?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Christopher Richardson
Keyword(s):  
Cultural Values ◽  
Negative Impact ◽  
Research Field ◽  
Content Type ◽  
Colonial Legacy ◽  
The Past ◽  
Host Country Nationals ◽  
Practical Experiences ◽  
The Individual ◽  
The Impact

PurposeWithin the expatriation subset of the wider IB literature, the focus of research has been on contemporary contextual factors. The purpose of this paper is to link the present to the past by investigating how the individual expatriate experience may be affected by a colonial legacy between host and home countries.Design/methodology/approachGiven the exploratory nature of this study, a qualitative interview-based approach eliciting thick, detailed descriptions of the practical experiences of seven Japanese expatriate managers working in Malaysia was adopted. These were supplemented by additional interviews with three host-country nationals who work alongside some of the expatriates. The data were analysed through a two-stage coding process.FindingsThe expatriate respondents were largely unanimous in their view that the colonial past between the two countries had no negative impact on their experiences in Malaysia, and the Malaysian interviewees corroborated this. On the contrary, the majority of the expatriates actually spoke positively about their experiences. This was especially true for expatriates in both the tourism and education/research field whose work was linked in some way to the period of Japanese occupation.Research limitations/implicationsThe small, single-context nature of the investigation limits generalisation. There are also many particularities in this study (the nature of Japanese-Malaysian postcolonial relations, cultural values of the Malaysians and Japanese, and so on) that are perhaps not easily relatable to other contexts. Having said this, qualitative research is not always geared towards generalisability but rather towards contextual intricacies and nuances.Originality/valueWhile most of the extant literature on expatriation has examined largely contemporary factors, this paper explores the impact of more historical events on the expatriate experience. Although such events may seem distant from an expatriate's current activities, this study suggests that in certain circumstances, they may have a lingering effect.

scholarly journals Predicting Inpatient Detoxification Outcome of Alcohol and Drug Dependent Patients: The Influence of Sociodemographic Environment, Motivation, Impulsivity, and Medical Comorbidities

2017 ◽  
Vol 2017 ◽  
pp. 1-11 ◽  
Author(s):  
Yvonne Sofin ◽  
Heidi Danker-Hopfe ◽  
Tina Gooren ◽  
Peter Neu
Keyword(s):  
Treatment Outcome ◽  
Social Environment ◽  
Negative Impact ◽  
Emergency Admission ◽  
Positive Outcome ◽  
Current Treatment ◽  
The Impact ◽  
Drug And Alcohol ◽  
Drop Outs ◽  
Alcohol Dependent

Aims. This prospective study aims to identify patient characteristics as predictors for treatment outcome during inpatient detoxification treatment for drug and alcohol dependent patients.Methods. A mixed gender sample of 832 consecutively admitted drug and alcohol dependent patients were interviewed by an experienced physician. The impact of a variety of factors concerning social environment, therapy motivation, impulsivity related variables, medical history, and addiction severity on treatment outcome was examined.Results. 525 (63.1%) of the patients completed detoxification treatment whereas 307 (36.9%) dropped out prematurely. Being female, living in a partnership, having children, being employed, and having good education were predictive for a positive outcome. Family, health, the fear of losing the job, prosecution, and emergency admission were significant motivational predictors for treatment outcome. Being younger, history of imprisonment, and the number of previous drop-outs were predictive for a negative outcome.Conclusions. Variables concerning social environment and the number of previous drop-outs have been identified as best predictors for treatment outcome. Socially stable patients benefit from the current treatment setting and treatment shall be adapted for patients with negative predictors. Treatment may consequently be tailored with respect to intervention type, duration, and intensity to improve the outcome for those patients that fulfil criteria with negative impact on treatment retention.

The impact of institutionalization on child development

2003 ◽  
Vol 15 (4) ◽  
pp. 853-884 ◽  
Author(s):  
KIM MACLEAN
Keyword(s):  
Child Development ◽  
Recent Literature ◽  
Negative Impact ◽  
Canadian Study ◽  
Social Emotional ◽  
Early Deprivation ◽  
Future Directions ◽  
The Past ◽  
The Impact ◽  
Conceptual Difficulties

During the past 10 years researchers studying children adopted from Romanian orphanages have had the opportunity to revisit developmental questions regarding the impact of early deprivation on child development. In the present paper the effects of deprivation are examined by reviewing both the early and more recent literature on studies of children who spent the first few years of life in institutions. Special attention is given to the Canadian study of Romanian adoptees in which the author has been involved. Findings across time and studies are consistent in showing the negative impact of institutionalization on all aspects of children's development (intellectual, physical, behavioral, and social–emotional). Results of studies show, however, that institutionalization, although a risk factor for less optimal development, does not doom a child to psychopathology. However, the impact of institutionalization is greater when coupled with risk factors in the postinstitutional environment. Methodological and conceptual difficulties in research with institutionalized samples of children are discussed and future directions for research are considered.

Assessment of the Impact of State Regulation of Retail Trade Networks Development on the Wholesale Sector

2020 ◽  
Vol 9 (3) ◽  
pp. 775
Author(s):  
V.P. CHEGLOV ◽  
S.V. MKHITARYAN ◽  
L.A. DANCHENOK ◽  
O.V. RYKALINA ◽  
T.A. TULTAEV
Keyword(s):  
Distribution System ◽  
Global Economy ◽  
Transition Economy ◽  
State Intervention ◽  
State Regulation ◽  
Retail Trade ◽  
Negative Consequences ◽  
Trading Systems ◽  
Retail Chains ◽  
The Impact

The article is dealing with the issues of state regulation of the consumer market, where the interests of producers, wholesale intermediaries, and retail trade are traditionally encountered. The authors consider the features of state regulation of the formation and development processes of multi-object and omnichannel trading systems in Russia in the context of the country's entry into the global economy, the opening of the domestic market for foreign business structures, and commodity imports in a situation with a small business that is not fully established. The results of the conducted study complement the experience of the international community in regulating system formation in trade. The article analyzes significant differences in the state intervention mechanisms in the economic relations of retail chains and their suppliers, as well as the impact of stricter legislation on wholesale trade, and its place and role in the commodity distribution system. The authors prove that excessive regulation of the retail market causes negative consequences in its adjacent segments, justify the upcoming redistribution of the market between large retail chains and specialized wholesale companies in favor of the former ones, show the development prospects of the distribution, and the impact of this process on small retail businesses, as well as formulate proposals for optimizing approaches to regulating the transformation of the trade sector in the transition economy.

scholarly journals DAMPAK PERCERAIAN TERHADAP PERILAKU ANAK DAN HASIL BELAJAR

2019 ◽  
Vol 5 (1) ◽  
pp. 1-18
Author(s):  
Fatkhu Yasik ◽  
Dewi Anggraeni ◽  
Aulia Sahnaz
Keyword(s):  
Learning Outcomes ◽  
Growth And Development ◽  
Negative Impact ◽  
Research Data ◽  
Emotional Expressions ◽  
Negative Effects ◽  
Children's Behavior ◽  
The Subject ◽  
The Impact ◽  
Collection Methods

This study aims to examine the impact of divorce: (1) knowing the existence of a divorce factor. (2) how the impact of divorce on children's behavior. (3) what is the impact of divorce on children's learning outcomes. This study uses qualitative research. The subject of this study was MI Al Khairiyah students in Duri Kosambi Cengkareng, West Jakarta who were victims of their parents' divorce. Data collection methods used in this study are interviews, data analysis includes data reduction and coding. Validation of research data uses tringgulation where researchers conduct interviews with some of the subjects to analyze their validity with other supporters. The results of this study indicate that the impact of parental divorce on children's behavior and learning outcomes can have a negative impact. Many negative effects are expressed by emotional expressions that make the child, easily sad, irritable, naughty and sometimes become quiet and inferior to his friends whose parents are not divorced. So that there is no motivation for active learning and achievement in the class because there is no support and attention of both parents for children excited in the process of learning and growth and development

scholarly journals Global World Markets in the First Half of 2020: Uncertainties, Trade Slowdown and Forced Protectionism under the Influence of National Isolation Measures

2021 ◽  
Vol 9 (SPE3) ◽  
Author(s):  
Rustam Anzorovich Shortanov
Keyword(s):  
Global Economy ◽  
Negative Impact ◽  
Stock Exchange ◽  
Commodity Prices ◽  
Economic Assistance ◽  
Sea Transport ◽  
Macroeconomic Factors ◽  
World Markets ◽  
Global World ◽  
The Impact

Global world markets are often influenced by various macroeconomic factors that have both a positive and negative impact on their development. Recently, the whole world is experiencing, without exaggeration, a global economic catastrophe associated with the almost lightning-fast spread of a dangerous virus, the country of origin of which was China. The COVID-19 pandemic has caused unprecedented global upheavals that have had a major impact on societies in cities, countries, and regions. Most countries declared a nationwide lockdown in the first weeks of the pandemic, closing their borders to other countries. Moreover, at a time of global acute need for personal protective equipment, ALV and other medical devices and equipment, both air and sea transport were stopped, which separated the producing countries from the consumer countries. With soaring demand and the impact on supply chains, countries that had previously welcomed joint calls to fight the pandemic have entered a trade war in medical equipment. In the commodity market, the price of oil fell, leading to uncertainty about the future of oil-producing countries, as the end point of the pandemic was still unclear. Overall, the pandemic has been a severe test for the global economy. Due to the development of the pandemic, economists expect an unprecedented decline in industrial production and the percentage share of the stock exchange, rising commodity prices, as well as the possibility of reducing the GDP of a number of countries. While national Governments are trying to offset this drop in commodity prices, as well as for households, firms and financial markets, by providing economic assistance to affected groups, it is clear that such measures are not always viable. It is absolutely necessary to study the impact of COVID-19 on the global financial ecosystem in order to develop an effective trade policy. The danger of a pandemic is also exacerbated by the fact that a crisis in economic relations between countries can lead to political consequences that will cause an aggravation of the political situation in the world. The purpose of the work is to consider the development of world markets under the influence of various factors of uncertainty, the decline in production and trade under the influence of measures of national isolation.

scholarly journals Examining The Social Impact of Microfinance on Poverty Reduction

2021 ◽  
Vol 5 (1) ◽  
pp. 11-23
Author(s):  
DR. SAIF UL MUJAHID SHAH ◽  
DR. ANWAR UL MUJAHID SHAH ◽  
SYED ARSHAD ALI SHAH
Keyword(s):  
Rural Areas ◽  
Structural Equation ◽  
Poverty Reduction ◽  
Social Impact ◽  
Negative Impact ◽  
Social Indicators ◽  
Economic Indicators ◽  
The Past ◽  
The Social ◽  
The Impact

As Poverty has become a global challenge for all the nations around the world, from the past many years, different strategies have been used to reduce it. However, since 1980s Microfinance has become a powerful tool to alleviate poverty and it's not adopted even in the developing countries but also developed nations have been practicing it. Many of the past studies used the economic indicators to measure the impact of microfinance on poverty reduction, and few have concentrated on the social indicators. The purpose of this research is to examine the effect of microfinance as a poverty reduction in terms of social indicators in the rural areas of northern Khyber Pakhtunkhwa, Pakistan. The objective of this research is to check whether the established NGOs in the concern areas have been successful in bringing social change in the life of the beneficiaries. For the purpose of analysis, the structural equation model is applied to a sample of 440 collected through a structured questionnaire. Results show that microfinance had a negative impact on the health and education of the beneficiaries. This research indicates that more funds and priority should be given to the education and health sector because they have equal importance as compared to the other economic indicators.

The Impact of Video Gaming Terminals on Casinos and State and Local Tax Revenue

2020 ◽  
Vol 48 (5) ◽  
pp. 650-675
Author(s):  
Erin Hazel Phipps ◽  
Mark W. Nichols ◽  
Federico Guerrero
Keyword(s):  
Negative Impact ◽  
Ordinary Least Squares ◽  
Casino Gambling ◽  
Video Gaming ◽  
Tax Revenue ◽  
Causality Test ◽  
Vector Autoregressive ◽  
The Past ◽  
State And Local ◽  
The Impact

In 2012, Illinois passed legislation allowing video gaming terminals (VGTs) outside of casinos. This legislation was passed to increase tax revenues from gambling in a market that had seen decreases in revenues and admissions over the past 8 years. VGTs may substitute for casino gambling and have a negative impact on casino and tax revenue. Using ordinary least squares and vector autoregressive models, we find that casino slot revenues decrease by about 0.05 percent for each 1 percent increase in VGT revenues. Admissions decrease by about eleven people per VGT. A Granger causality test suggests causation is running from VGTs to admissions. Thus, there is substitution between VGTs and casino gambling but not so large as to reduce tax revenue. Overall tax revenue from gambling, both casino and VGT, has increased for Illinois. However, local communities where casinos are located have experienced declines in casino tax revenue that have exceeded the gains from VGT revenue.

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