Financial Integration

Author(s):  
Sandra Jednak ◽  
Dejan Jednak

Financial integration is an inseparable part of economic integration. It affects capital movement and economic development. Certain studies have shown that financial integration is beneficial to the economy. However, integration may be slowed down by occurrence of a crisis. Over the past 10 years, several crises have been underway. They have affected both economic development and financial integration. The aim of the chapter is to present theoretically the relation between financial integration, crisis, and economic development. An overview of EU and SEE financial integration and economic development is given. Development and integration of both regions have been slowed down due to the global and EU crisis, but there has been an improvement over the past few years. The fact is that SEE countries do not have a very developed financial integration but they meet certain prerequisites to reach a higher level of integration.

1968 ◽  
Vol 6 (4) ◽  
pp. 485-493 ◽  
Author(s):  
A. M. O'Connor

Economic integration in East Africa has been discussed throughout the past 50 years or more, although—until recently—only in terms of Kenya, Tanzania, and Uganda. Almost as soon as Kenya and Uganda became established as political entities, close economic links were established between them, and when British administration was extended to Tanganyika after 1918 that country was brought into close relationship with its two northern neighbours. Thus a customs union between Kenya and Uganda was established in 1917, and Tanganyika was gradually incorporated within it between 1922 and 1927. The links were strengthened as economic development advanced, and were formalised under the East Africa High Commission from 1948 onwards: so they became an important part of the inheritance of the three states as they gained political independence in the years 1961–1963.1


GeoTextos ◽  
2017 ◽  
Vol 13 (1) ◽  
Author(s):  
Nelson Fernandes Felipe Junior

O transporte marítimo contribui com o escoamento de mercadorias no espaço e permite articular diferentes regiões e países, sendo importante para o desenvolvimento econômico. Sergipe apresentou maior inserção econômica em âmbito regional e nacional na última década, todavia, possui um setor portuário pouco dinâmico que prejudica os fluxos, as redes e o efeito multiplicador interno. Diante desse contexto, busca-se realizar uma análise setorial e, em especial, das estratégias competitivas do Terminal Marítimo Inácio Barbosa (TMIB), localizado no município de Barra dos Coqueiros/SE. Abstract THE COMPETITIVE STRATEGIES OF MARITIME TERMINAL INÁCIO BARBOSA (TMIB) IN SERGIPE: CAPITAL CIRCULATION AND GOODS FLOWS Shipping contributes to the flow of goods in space and allows articulate different regions and countries, is important for economic development. Sergipe presented greater economic integration at the regional and national levels over the past decade, however, has a little dynamic port sector that affect the flows, the networks and the internal multiplier effect. In this context, we seek to carry out a sectoral analysis and in particular the competitive strategies the Maritime Terminal Inácio Barbosa (TMIB), located in county Barra dos Coqueiros/SE.


2000 ◽  
Vol 8 (4) ◽  
pp. 553-567
Author(s):  
Jochen Legewie ◽  
Hendrik Meyer-Ohle

Multinational corporations from Japan and Western countries have played an active role in the economic development of Southeast Asia and have, during this time, undergone several developments. The recent economic crisis and efforts by the countries of the region to promote economic integration have again forced corporations to reconsider their strategies. Based on an historical overview, this article examines current strategies and, in particular, addresses the driving forces that are underlying the corporate behaviour of companies from different home countries. It argues that while corporate nationality has, to some extent, been important in the past, it will lose significance as multinational corporations are increasingly developing organizational cultures of their own.


2017 ◽  
pp. 148-158 ◽  
Author(s):  
A. Bulatov

The paper deals with the past, current and future situation in Russian capital outflow and inflow. The specific features of the past situation (2001-2013) were as follows: big scale of Russian participation in international capital movement; turnover of national capital between Russia and offshores; stable surplus of capital outflow over inflow; inadequacy of industrial structure of capital inflow to Russian needs. The current situation is characterized by such new features as radical cut in volumes of capital outflow and inflow, some decrease in its level of offshorization. In the mid-term the probability of continuation of current trends is high. In the long-term the mode of Russian participation in international capital movement will prima facie depend on prospects of realization of systematic reforms in the Russian economy.


2004 ◽  
Vol 2 (2) ◽  
pp. 198-221 ◽  
Author(s):  
Ala Al-Hamarneh

At least 50 per cent of the population of Jordan is of Palestinian origin. Some 20 per cent of the registered refugees live in ten internationally organized camps, and another 20 per cent in four locally organized camps and numerous informal camps. The camps organized by the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) play a major role in keeping Palestinian identity alive. That identity reflects the refugees' rich cultural traditions, political activities, as well as their collective memory, and the distinct character of each camp. Over the past two decades integration of the refugees within Jordanian society has increased. This paper analyses the transformation of the identity of the camp dwellers, as well as their spatial integration in Jordan, and other historical and contemporary factors contributing to this transformation.


2017 ◽  
Vol 41 (1) ◽  
pp. 31-47
Author(s):  
Clinton D. Young

This article examines the development of Wagnerism in late-nineteenth-century Spain, focusing on how it became an integral part of Catalan nationalism. The reception of Wagner's music and ideas in Spain was determined by the country's uneven economic development and the weakness of its musical and political institutions—the same weaknesses that were responsible for the rise of Catalan nationalism. Lack of a symphonic culture in Spain meant that audiences were not prepared to comprehend Wagner's complexity, but that same complexity made Wagner's ideas acceptable to Spanish reformers who saw in the composer an exemplar of the European ideas needed to fix Spanish problems. Thus, when Wagner's operas were first staged in Spain, the Teatro Real de Madrid stressed Wagner's continuity with operas of the past; however, critics and audiences engaged with the works as difficult forms of modern music. The rejection of Wagner in the Spanish capital cleared the way for his ideas to be adopted in Catalonia. A similar dynamic occurred as Spanish composers tried to meld Wagner into their attempts to build a nationalist school of opera composition. The failure of Tomás Bréton's Los amantes de Teruel and Garín cleared the way for Felip Pedrell's more successful theoretical fusion of Wagnerism and nationalism. While Pedrell's opera Els Pirineus was a failure, his explanation of how Wagner's ideals and nationalism could be fused in the treatise Por nuestra música cemented the link between Catalan culture and Wagnerism.


2020 ◽  
Vol 64 (4) ◽  
pp. 40407-1-40407-13 ◽  
Author(s):  
Ran Pang ◽  
He Huang ◽  
Tri Dev Acharya

Abstract Yongding River is one of the five major river systems in Beijing. It is located to the west of Beijing. It has influenced culture along its basin. The river supports both rural and urban areas. Furthermore, it influences economic development, water conservation, and the natural environment. However, during the past few decades, due to the combined effect of increasing population and economic activities, a series of changes have led to problems such as the reduction in water volume and the exposure of the riverbed. In this study, remote sensing images were used to derive land cover maps and compare spatiotemporal changes during the past 40 years. As a result, the following data were found: forest changed least; cropland area increased to a large extent; bareland area was reduced by a maximum of 63%; surface water area in the study area was lower from 1989 to 1999 because of the excessive use of water in human activities, but it increased by 92% from 2010 to 2018 as awareness about protecting the environment arose; there was a small increase in the built-up area, but this was more planned. These results reveal that water conservancy construction, agroforestry activities, and increasing urbanization have a great impact on the surrounding environment of the Yongding River (Beijing section). This study discusses in detail how the current situation can be attributed to of human activities, policies, economic development, and ecological conservation Furthermore, it suggests improvement by strengthening the governance of the riverbed and the riverside. These results and discussion can be a reference and provide decision support for the management of southwest Beijing or similar river basins in peri-urban areas.


1965 ◽  
Vol 5 (3) ◽  
pp. 331-370 ◽  
Author(s):  
Robert Dorfam

It takes more than ordinary population for a group of strangers to recommends changes in the efforts of a great nation to contend with a problem that goes that goes to the very roofs of its social structure and its livelihood. Yet we did just that in our Report on Land and Water Development in the Indus Plain[l]. We hoped our recommendations would be considered sympathetically and debated fully, that our sound suggestions would be adopted and our unsound ones forgiven. All this has been granted us, and more. The months since the Panel's report was prepared have been eventful for the economic development of West Pakistan. It is hard to cast our minds back to the gloom that filled the atmosphere when the Panel was convened. Food production had been stagnant for the past several years, sem and thur were spreading through the most productive portions of the Plain, expensive efforts to control these twin menaces had been baffled. WAPDA knew, of course, that in principle tubswells could do the job, but there were more failures to report than successes


Author(s):  
Marcin Piatkowski

In this chapter I explain why Poland and most countries in Eastern Europe have always lagged behind Western Europe in economic development. I discuss why in the past the European continent split into two parts and how Western and Eastern Europe followed starkly different developmental paths. I then demonstrate how Polish oligarchic elites built extractive institutions and how they adopted ideologies, cultures, and values, which undermined development from the late sixteenth century to 1939. I also describe how the elites created a libertarian country without taxes, state capacity, and rule of law, and how this ‘golden freedom’ led to Poland’s collapse and disappearance from the map of Europe in 1795. I argue that Polish extractive society was so well established that it could not reform itself from the inside. It was like a black hole, where the force of gravity is so strong that the light could not come out.


Sign in / Sign up

Export Citation Format

Share Document