Employee Ownership or How to Anticipate Financial Crises Within a Company

2022 ◽  
pp. 18-33
Author(s):  
Chibani Siham ◽  
Mohammed Elkhamlichi
Keyword(s):  
Economic Crisis ◽  
Financial Crises ◽  
Global Economy ◽  
Working Hours ◽  
Well Being ◽  
Employee Ownership ◽  
Virus Spread ◽  
Dramatic Effect ◽  
The World ◽  
A Company

The COVID-19 pandemic has turned the world of work upside down. It is having a dramatic effect on the employment, livelihoods, and well-being of workers and their families, as well as on businesses around the world, especially small and medium-sized enterprises. It started in China at the end of 2019, with that country's economy mainly the first to be affected. The global economy was then impacted as the virus spread. It is a bit early to estimate precisely the extent of the economic crisis on a company, but it is already certain that it is more brutal than before. Companies that have opened their capital to their employees are more likely to keep their employees than other companies that offer a significantly higher level of security to their employees (maintenance of working hours and compensation). What practical economic logic will be found in the company once employee ownership is applied? Would it be an effective way to overcome the various situations of discontent and anxiety among employees, where these feelings are already very strong?

Cyclic Economic Dynamics and Deflationary Phenomena: Analysis and Forecasts

2018 ◽  
pp. 48-62
Author(s):  
Руслан Гринберг ◽  
Ruslan Grinberg ◽  
Леонид Гринин ◽  
Leonid Grinin ◽  
Андрей Коротаев ◽  
...  
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
World Economy ◽  
Control Mechanisms ◽  
Economic Dynamics ◽  
Western Economy ◽  
The World

The modern deflationary phenomena in the western and global economy are attributed to the fact that currently it is at the downward phase of the fifth long K-wave. Deflation has always been typical for the depressive periods in economy; presently it also manifests itself as the world economy has turned global, yet it lacks any control mechanisms. The authors suppose that a new economic crisis will break out in the western economy in the second half of 2018–2019 and that the depressive and deflationary trends will continue for another number of years.

scholarly journals Insourcing as a New Trend in Global Business

2013 ◽  
Vol 5 (2) ◽  
pp. 7-24
Author(s):  
Jadwiga Chudzicka
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Business ◽  
Traditional Management ◽  
The World ◽  
Current Economic Situation ◽  
The Face ◽  
World Economic ◽  
Job Category ◽  
World Economic Crisis

AbstractIn the face of world economic crisis, it is worth considering ‘what changes in thinking are needed to revive the global economy?’ Traditional management methods have already lost much of their potential. Keeping the compliance of job category with human nature is an important factor supported by insourcing. The purpose of this study was to answer the question whether the current economic situation in the world is more profitable to firms sending domestic jobs overseas, or perhaps - in the end - it is better to use insourcing services, providing employment to workers in their home countries

scholarly journals The consequences of China's impending economic crisis on global economy

2016 ◽  
Vol 5 (6) ◽  
pp. 24-41
Author(s):  
Mavhungu Abel Mafukata
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Economic Recession ◽  
Chinese Economy ◽  
Sub Saharan Africa ◽  
Economic Practice ◽  
Specific Objective ◽  
The World ◽  
Negative Effect ◽  
Sub Saharan

The main objective of this paper is to predict the consequences of China's impending economic crisis on global economy – with reference to Sub-Saharan Africa (SSA) in particular. The specific objective of this paper is to investigate and explore the increasing dominance of economic practice of China in SSA. China is a critical principal player in the economy of SSA. China's influence and dominance of the SSA economy might have negative effect on SSA in case of any implosion of the Chinese economy. Data were collected from print and electronic sources extracted from the vast body of empirical scholarship of different disciplines on China in SSA.  The results of this paper revealed that China is indeed dominating the economy in SSA. Pointers are that China's economic implosion would have consequences for SSA in the same way as the 2008-2009 global economic recession had around the world. This  paper positively predicts that China's economic and financial implosion remains a possibility, and would impact on SSA.

Institutions and the Global Political Economy

2017 ◽  
Author(s):  
Lisa L. Martin
Keyword(s):  
International Economic ◽  
Nineteenth Century ◽  
Political Economy ◽  
Global Economy ◽  
International Institutions ◽  
Well Being ◽  
Economic Institutions ◽  
Global Political Economy ◽  
The World ◽  
The Impact

In a comparison of today’s global political economy with that of the last great era of globalization, the late nineteenth century, the most prominent distinction is be the high degree of institutionalization in today’s system. While the nineteenth-century system did have some important international institutions—in particular the gold standard and an emerging network of trade agreements—it had nothing like the scope and depth of today’s powerful international economic institutions. We cannot understand the functioning of today’s global political economy without understanding the sources and consequences of these institutions. Why were international organizations (IOs) such as the World Trade Organization (WTO) or International Monetary Fund (IMF) created? How have they gained so much influence? What difference do they make for the functioning of the global economy and the well-being of individuals around the world? In large part, understanding IOs requires a focus on the tension between the use of power, and rules that are intended to constrain the use of power. IOs are rules-based creatures. They create and embody rules for gaining membership, for how members should behave, for monitoring, for punishment if members renege on their commitments, etc. However, these rules-based bodies exist in the anarchical international system, in which there is no authority above states, and states continue to exercise power when it is in their self-interest to do so. While states create and join IOs in order to make behavior more rule-bound and predictable, the rules themselves reflect the global distribution of power at the time of their creation; and they only constrain to the extent that states find that the benefits of constraint exceed the costs of the loss of autonomy. The tension between rules and power shapes the ways in which international institutions function, and therefore the impact that they have on the global economy. For all their faults, international economic institutions have proven themselves to be an indispensable part of the modern global political economy, and their study represents an especially vibrant research agenda.

scholarly journals Assumptions of the Global Economic Crisis and Its Inception in the Spring of 2020 Due to the COVID-19 Pandemic

2020 ◽  
Vol 15 (2) ◽  
pp. 191-212
Author(s):  
Alexey Portanskiy ◽  
◽  
Yulia Sudakova ◽  
Alexander Larionov ◽  
◽  
...  
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
International Organizations ◽  
Global Economy ◽  
World Economy ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
International System ◽  
The World ◽  
Global Economic Crisis

Analytical agencies, as well as international organizations, have identified significant threats to the development of the world economy, increasing the likelihood of a new global financial crisis in late 2020–early 2021. The main challenges to the system come from trade wars that could lead to a crisis in the international system of trade regulation, a decrease in the effectiveness of public policy instruments, and a deterioration in the dynamics of global economic growth. An important factor leading to a slowdown in the global economy in 2020 will also be the coronavirus pandemic, although it is difficult, in the first half of 2020, to assess its final impact. The combination of these negative factors, coupled with the unresolved problems of the 2008 global financial crisis, significantly increases the likelihood of a new global economic crisis which could surpass the Great Depression of the 1930s. This study systematizes the main forecasts by international organizations and analytical agencies for the growth of the world economy and considers various theoretical concepts to identify the symptoms of the impending crisis. Ultimately, this article offers options for reducing the negative impact of the crisis on Russia. In connection with the coronavirus pandemic, preliminary estimates have been made of the likely damage to the world economy and the prospects for its recovery.

scholarly journals Globalization in the World System and Its Influence on the Concepts of Accounting and Statistics

2019 ◽  
Vol 8 (3) ◽  
pp. 3943-3945
Keyword(s):  
Global Economy ◽  
World System ◽  
Digital Technologies ◽  
The World ◽  
A Company

This article examines the factors, which contributed to integration of the global economy technologies in the accounting and statistics processes. In era of advanced digital technologies, all companies are connected with each other and communicate promptly. Besides, the methods of implementing major integration measures that influence the overall financial standing of a company are also important.

scholarly journals Municipal budgets under conditions of economic crises in Russia

2018 ◽  
Vol 50 ◽  
pp. 01219
Author(s):  
Timergaziz Gabidullovich Sadykov ◽  
Razifa Raisovna Stepanova
Keyword(s):  
Economic Crisis ◽  
Global Economy ◽  
Global Community ◽  
Economic Crises ◽  
The World ◽  
World Economic ◽  
Municipal Level ◽  
Budget System

The modern stage of Russia’s integration into global community has led to its great dependence on global economy. Russia has become a part of global economy. As all the countries are involved in the world economic functions the size and the consequences of global financial and economic crisis is becoming more and more meaningful for Russian economics as well. The objective of the present paper is to study the general impact of the crisis on Russian budget system and the special impact on the municipal level. The authors consider important to analyse the papers of various economists.

نموذج التنمية المستدامة في الصين ومدى استفادة العرب منها / China’s Sustainable Development Model and How Arabs Benefit From it

2021 ◽  
Vol 1 (1) ◽  
pp. 68-80
Author(s):  
Massoud Daher
Keyword(s):  
Sustainable Development ◽  
Global Economy ◽  
Well Being ◽  
Arab Countries ◽  
Common Interest ◽  
Development Model ◽  
Inclusive Development ◽  
High Quality ◽  
Chinese Characteristics ◽  
The World

Abstract Based on the development of positive relations between China and the Arab countries in the context of a new globalization on the path to a multipolar world, this study addresses the following methodological issues: China’s development achievements in the reform and the opening-up movement, China’s success in the face of the Covid-19 epidemic, and the analysis of the notion of “Sustainable Development” and the Chinese characteristics of the concept of socialism. Accurate scientific conclusions confirmed that sustainable development with Chinese characteristics constitutes a distinct model of rational and balanced development that achieved the well-being of the Chinese population. The Belt and Road Initiative has been widely welcomed in all Arab countries. Arab institutions, both official and private, have begun to study the Chinese development model to build a new style of development based on social stability, economic prosperity and mutual benefit. China is a leading model for promoting the common interest of people. China contributes positively to the well-being of its people and the rest of the world through cooperation. It is moving forward with high-quality development plans that provide new opportunities to revive the global economy, which is suffering from the drawbacks of the Covid-19 pandemic. Having presented China as a leading human model of inclusive development to realize the Chinese Dream, the enlightened Arab elites have shown increasing interest in this high-quality experiment that has succeeded in eradicating poverty, combating Covid-19, helping the recovery of the global economy, and promoting opportunities for advancement, innovation and creativity on a global level. Since China’s development was built on moral and humanitarian rules, it is warmly welcomed in the Arab countries because it affirms that humans are the greatest capital and the goal of sustainable development. It offers rich and useful lessons for everyone around the world.

scholarly journals Impact of the economic crisis and contractions within the European long-term care systems

2021 ◽  
pp. 1-17
Author(s):  
Esther Albesa Jové
Keyword(s):  
Economic Crisis ◽  
Financial Crises ◽  
Long Term Care ◽  
Term Care ◽  
Development Level ◽  
Time Period ◽  
The World ◽  
Care Systems ◽  
The Impact

Abstract In 2008, the world underwent one of its worst economic and financial crises, whose consequences are still visible in some countries. This paper aims to analyse the impact of the crisis within the long-term care systems of Germany, England, Sweden and Spain from a comparative perspective. The time period analysed spans from the outset of the crisis in 2008, up to 2017. This article starts off from the thesis of the divergent impact of the economic crisis in these countries and the convergence between the impact of the crisis and long-term care contractions in the most afflicted countries. The outcome highlights the power of economic and financial pressures in order to explain the contractions within the care policies. Equally, it emphasizes the contradictions between the formal development level of the care systems and their practical institutional implementation in the field.

scholarly journals The economic crisis – its causes and results and the limiting ventures (selected aspects)

2017 ◽  
Vol 22 (6) ◽  
pp. 41-55
Author(s):  
Bogusław Ślusarczyk ◽  
Bożena Sowa
Keyword(s):  
United States ◽  
Financial Crisis ◽  
Business Cycle ◽  
Economic Crisis ◽  
Global Economy ◽  
The United States ◽  
Wide Range ◽  
The World ◽  
Monetary Authorities ◽  
Economic Collapse

Economic crisis, which took place in the years 2008–2009, was one of the biggest cri-ses, which affected the world’s economy. It began in the United States, and then it moved through most countries in the world, especially the highly developed, and the effects of this crisis have been very painful for the entire global economy. It should be stressed that the framework of the economic crisis include the period 2008–2010, although its roots go back to an earlier period than 2008, and its consequences – accord-ing to the authors – will be felt for many years. In the wide range, the financial crisis referred to the economic collapse, caused by making the wrong decisions by the monetary authorities of individual countries, unskilful ac-tions of speculators and recession on the course of business cycle. Undoubtedly it was globalisation which contributed to such state, which has led to a great openness of economies, which in turn resulted in the transfer between all economic phenomena, both the positive and the negative. Moreover, globalisation caused the fact that crisis phenomena are growing strong, more and more noticeable and faster and faster move between individual countries. Trade and financial relations, and (perhaps most importantly) the panic in the markets, are responsible for this process.

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