Italian economy faces tougher challenges in 2022

Significance This fast growth will more than offset the impact of the pandemic, which pulled down real output by 8.9% in 2020. Nevertheless, there are significant downside risks associated with inflation, monetary policy and political uncertainty. Impacts Italy faces higher borrowing costs in the new year as the ECB gradually tightens its ultra-loose monetary policy. If the winter is cold and Russian energy supplies run short, Italy will have to tap its strategic reserves to slow the growth of prices. Skilled labour shortages, weak productivity and inefficient public bureaucracy will weigh on medium-to-long-term growth.

Intra-Labour Strategic Commitment

<p>This thesis explores a strategic investment motive for the choice of skilled labour (management). Using the case study of department store competition, we argue that management is an observable and irreversible input. This allows firms to use it to obtain a first-mover advantage in oligopolistic interactions. We find that, given complementarities of labour inputs, firms will hire excess management relative to the cost-minimising input bundle. This idea is first illustrated with a simple two-stage example. We then show that over-management also holds in a more realistic setting with infinitely-lived firms facing finite adjustment costs.</p>

Intra-Labour Strategic Commitment

<p>This thesis explores a strategic investment motive for the choice of skilled labour (management). Using the case study of department store competition, we argue that management is an observable and irreversible input. This allows firms to use it to obtain a first-mover advantage in oligopolistic interactions. We find that, given complementarities of labour inputs, firms will hire excess management relative to the cost-minimising input bundle. This idea is first illustrated with a simple two-stage example. We then show that over-management also holds in a more realistic setting with infinitely-lived firms facing finite adjustment costs.</p>

Tourism as a Career in Malaysia: Stakeholders' Perceptions

<p>This thesis examines the perceptions of tourism as a graduate career from the view of key stakeholders of tourism - the government, industry, educators and students. It aims to understand what key tourism stakeholders in Malaysia do in promoting tourism as a graduate career, and how students perceive tourism as a career option. The literature suggests that the issue of perceptions of tourism as a career be investigated from the perspective of key stakeholders. Hence, a stakeholder-inclusive approach in tourism human resource development is suggested as a measure to address the skilled labour shortage in tourism and the needs of various stakeholders. An analytical framework has been developed in this thesis to illustrate the relationships and gaps amongst stakeholders and how they view tourism as a graduate career in Malaysia. A total of 11 semi-structured interviews were conducted with senior officials from relevant Ministries, industry bodies, a major employer, and directors of tourism management programs at two public universities and two polytechnics in Malaysia. In addition to that, a questionnaire survey was conducted with 193 final year students of tourism management programs at the same tertiary institutions. The qualitative data was coded into prominent themes while the quantitative data was analyzed using SPSS. This thesis found that the shortage of skilled labour is one of the issues faced by the stakeholders, due to the industry offering low level positions. The government believes that current policies in promoting tourism careers to students were adequate but the industry and educators feel that government does not provide adequate information about career paths in tourism for students. This thesis also discovered that students have generally positive perceptions of tourism as a career. Variables like level of education, willingness to choose a tourism program and overseas travel experience are significant, while the size of the employer, work experience in tourism, and the roles of family and friends working in tourism do not have an influence on students' career-related decisions. All stakeholders play a role in promoting tourism as a career to students but some measures have also been suggested to promote it more effectively.</p>

Tourism as a Career in Malaysia: Stakeholders' Perceptions

<p>This thesis examines the perceptions of tourism as a graduate career from the view of key stakeholders of tourism - the government, industry, educators and students. It aims to understand what key tourism stakeholders in Malaysia do in promoting tourism as a graduate career, and how students perceive tourism as a career option. The literature suggests that the issue of perceptions of tourism as a career be investigated from the perspective of key stakeholders. Hence, a stakeholder-inclusive approach in tourism human resource development is suggested as a measure to address the skilled labour shortage in tourism and the needs of various stakeholders. An analytical framework has been developed in this thesis to illustrate the relationships and gaps amongst stakeholders and how they view tourism as a graduate career in Malaysia. A total of 11 semi-structured interviews were conducted with senior officials from relevant Ministries, industry bodies, a major employer, and directors of tourism management programs at two public universities and two polytechnics in Malaysia. In addition to that, a questionnaire survey was conducted with 193 final year students of tourism management programs at the same tertiary institutions. The qualitative data was coded into prominent themes while the quantitative data was analyzed using SPSS. This thesis found that the shortage of skilled labour is one of the issues faced by the stakeholders, due to the industry offering low level positions. The government believes that current policies in promoting tourism careers to students were adequate but the industry and educators feel that government does not provide adequate information about career paths in tourism for students. This thesis also discovered that students have generally positive perceptions of tourism as a career. Variables like level of education, willingness to choose a tourism program and overseas travel experience are significant, while the size of the employer, work experience in tourism, and the roles of family and friends working in tourism do not have an influence on students' career-related decisions. All stakeholders play a role in promoting tourism as a career to students but some measures have also been suggested to promote it more effectively.</p>

REVIEW OF INDONESIA'S EMPLOYMENT ARRANGEMENTS IN FACING ASEAN ECONOMIC COMMUNITY

The AEC is the founder of the ASEAN Community and the formation of regional economic integration, which was implemented in 2015. The implementation of ASEAN is made up of the flow of services/goods on a single product and market basis, skilled labour, investment, and free capital flows between countries in the ASEAN region. As an opportunity at the time of employment and as a substitute for unemployment, the Indonesian state must be utilized free of skilled labour. The issues that have arisen are how the employment arrangements in Indonesia are? How to optimize Indonesia’s employment arrangements in the AEC era? The method of approaching this research is the normative juridical method. The research shows that there are arrangements in the field of manpower that help realize quality human resources and skilled labour. It also states that Law No. 13 of 2003 on Manpower and other policies that provide job training and certification of work competencies that optimize employment to be more qualified, skilled, and competitive and recognized by other ASEAN countries in facing the AEC.

COVID-19 Pandemic and Problems of Micro-enterprises in Dibrugarh District of Assam: An Empirical Study

Small-scale industries play a crucial role in industrialisation of India. These industries face numerous problems, some of which are peculiar to them, while others are common to both small-scale and large-scale industries. The COVID-19 pandemic has unleashed unprecedented threats as well as opportunities on this sector. This article tries to analyse the problems affecting the entrepreneurs associated with 141 micro-manufacturing enterprises in the Dibrugarh district of Assam and puts forward some policy suggestions. In order to identify the most pressing problem faced by the entrepreneurs, the Garrett ranking method is employed in the study. It is found that dearth of skilled labour is the most acute problem encountered by the sector. Lack of proper marketing arrangements, shortage of quality and cheap raw materials, obsolete technology and lack of timely finance are other important hindrances. The significance of skilled labour points to the intense need for continuous skill development of the local workforce by establishing more technical institutes, training programmes, etc. Furthermore, the government should provide special assistance for technological upgradation, develop institutional marketing facilities, and supply cheap and quality raw materials. Further, simplification of procedures in banks’ lending policies, relaxation of requirements like collateral security and margin money may go a long way in enhancing both confidence and performance of small entrepreneurs.