Moroccan Five-Year Plan's main effect may be economic

Significance The budget was subsequently presented to parliament for discussion on October 18. The 2022 budget was increased to USD27bn, up from USD25.4bn in 2021. Akhannouch’s Five Year Plan is expansive and comes against a backdrop of renewed projected economic growth for 2022. Impacts COVID-19 will complicate the revival of Morocco’s tourism industry, a large and quick source of hard currency. The government has publicised the social welfare components of the plan, but it is unlikely to have the capacity to implement them. Disparity between the human capital of urban centres such as Rabat and Casablanca and the hinterland will impede wide reforms.

Lebanon’s energy hopes depend on Mideast integration

Significance Import-dependent Lebanon has faced acute energy shortages in recent months, reflecting poor infrastructure, unsustainable policies and a lack of hard currency. Leaders are exploring rival regional options for the supply of gas and oil products: primarily Iraq, Iran and Egypt gas via Jordan and Syria. Impacts Since Lebanon has no functional refinery, it would be unable to use direct crude oil imports. Reliable provision of petrol and diesel will ultimately require a painful complete end to subsidies. Installation of solar power is already happening rapidly through private initiatives, but its contribution will remain minor.

Monetary Surprises and Global Financial Flows: A Case Study of Latin America

This article examines the effect of Federal Reserve announcements on global financial flows to Latin America since the Global Financial Crisis. The Federal Reserve announcements are classified using daily measures of expectations from a shadow rate term structure model as easing (unexpected), tightening (unexpected), easing (expected), and tightening (expected). This classification is then used for an event study on daily global financial flows classified by asset class (debt, equity), currency (all currencies, hard currency, local currency), and region (Latin America, Brazil, and Mexico). The results suggest easing (unexpected) and tightening (unexpected) announcements cause debt outflows but have no effect on equity flows to Latin America. Local currency debt flows to Latin America are more sensitive than the hard currency debt flows and Brazil is the country in Latin America that responds most to these announcements. JEL Classification: F32, G14, G15, N26

“Shaming the Devil!”

This paper considers the performativity of shaming in investigative TV-journalism. It argues that the construction of shame is not only a constituent element in investigative TV-journalism but also an important factor in pursuing some of its main objectives: establishing morals, exercising social control, reinforcing journalistic identity and ideology, and competing for attention in a diversified media theatre where drama, entertainment and emotional thrills are the hard currency. An empirical study of the Swedish TV programme Uppdrag granskning, is used to inductively propose three categories of shaming and to give some examples of the ways in which shaming is performed. The core of the paper is a theory driven analysis in which the performativity of shaming in investigative TV-journalism is analysed in the light of some converging media and societal trends.

DESIGN OF THE CABIN CONDITIONING SYSTEM OF AGRICULTURAL MACHINE

The article is devoted to the issue of designing an air conditioning system (SСA) of the cabin of an agricultural machine to create comfortable conditions and ensure good health of the driver. The methodology for determining heat inflows and moisture inflows into the cabin is shown. The required cooling capacity of hard currency is calculated using the i-d diagram.

A Passport to Peace? Modern Tourism and Internationalist Idealism

Catchy slogans about tourism’s peace-promoting qualities abound – ‘passport to peace’, ‘a vital force for peace’ and ‘the peace industry’, to name but a few. Yet, despite the critical scrutiny of the peace–tourism nexus in recent decades, its historical roots remain unexplored. This article traces the origins of the idea that tourism can help advance peace and international understanding. It examines the aspirations of the various international tourist organisations founded during the interwar and early post-war period. While these organisations sought to foster peaceful relations across national and cultural borders, their discourse of tourism as a force for peace also gave legitimacy to a transnational tourist industry and government attempts to secure hard currency in the Cold War.

Iran’s gas sector faces new US sanctions risks

Significance US sanctions have already impeded payment in hard currency, and Washington’s waivers allowing continuation of the trade may end in February. Exports to Turkey and Iraq have helped Iran’s gas sector cope with sanctions better than the oil industry. Production has boomed with the completion of long-delayed projects, replacing oil in the power sector, reducing winter shortages and boosting supplies to industry. Impacts Competition with increased output from Qatar will force Iran to keep up expansion in the shared North Field/South Pars. Resolution of the Saudi-Kuwaiti Neutral Zone spat may push Iran to prioritise development in the disputed offshore Dorra/Arash field. In the still-unlikely case of wider military confrontation with Washington, gas facilities in Iran and nearby countries would be targets. US negotiations are unlikely until after November, and any sanctions relaxation following a deal would likely target oil by priority.