Negotiating with the Future: The Culture of Modern Risk in Global Financial Markets

10.1068/d205t ◽  
2000 ◽  
Vol 18 (1) ◽  
pp. 77-89 ◽  
Author(s):  
Stephen Green
Keyword(s):  
Risk Management ◽  
Financial Markets ◽  
Social Group ◽  
Technological Development ◽  
Material Resources ◽  
Institutional Infrastructure ◽  
The Future ◽  
Group Construction ◽  
Risk Culture ◽  
Economic Developments

In contemporary global financial markets, the production and investment of capital is dependent upon complex systems of risk management. In this paper I explore the ‘modern’ notion of risk within these markets. I argue that these systems are not only dependent upon institutional infrastructure and material resources but are also maintained by a specific ‘risk’ culture, an entrenched set of practices of market configuration, technological development, social-group construction, and notions of authority, expertise and creativity which combines modernity's ambition to know with the market's ambition to commodify. This form of ‘modern’ risk can be seen as deeply entrenched within and produced by broader social and economic developments, and runs counter to the critical version of risk developed by Beck. I show how risk itself is a contested concept, and how it defines different practices of dealing with the future.

scholarly journals Organized crime as a threat to national security

2021 ◽  
pp. 9-20
Author(s):  
Lana Dalinczuk
Keyword(s):  
Soviet Union ◽  
Financial Markets ◽  
Organized Crime ◽  
Former Soviet Union ◽  
Technological Development ◽  
East Central Europe ◽  
The Czech Republic ◽  
East Central ◽  
Economic Developments ◽  
Criminal Groups

All kinds of illegal trafficking, prostitution, pornography, gambling, fraud and counterfeiting, computer crime, corruption, piracy, illegal immigration and many other criminal activities can pose a threat to national and even international security if conducted by larger criminal groups or organizations. The phenomenon of organized crime has acquired a transnational character due to the increasing globalization of financial markets and communications as well as technological development. The three countries of East Central Europe – The Czech Republic, Hungary and Poland – can be of interest in terms of organized crime as recent political and economic developments in these countries have made them attractive to such criminal activities. Another problematic region in terms of organized criminal activities is the region of Central Asia which includes several countries of the former Soviet Union – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan.

Keniscayaan Politik Identitas Dari Suatu Bangsa dan Agama

ADALAH ◽  
2020 ◽  
Vol 4 (2) ◽  
Author(s):  
Zahrotunnimah Zahrotunnimah
Keyword(s):  
Identity Politics ◽  
Social Group ◽  
Political Identity ◽  
Politics Of Identity ◽  
The Future

Abstract:The discussion of this simple article was inspired by a book entitled The Politics of Identity and the Future of Our Pluralism. The problem in this book is whether the identity politics in Indonesia will jeopardize the nationalist position and pluralism in Indonesia in the future? If dangerous in what form? How to handle it? The source of this book relies on the opinion of L. A Kauffman who first explained the nature of identity politics, and who first introduced the term political identity which is still unknown. However, in this book explained substantively, identity politics is associated with the interests of members of a social group who feel blackmailed and feel alienated by large currents in a nation or state.Keywords: Identity Politics, Nation, ReligionAbstrak:Pembahasan artikel sederhana ini terinspirasi dari buku berjudul Politik Identitas dan Masa Depan Pluralisme Kita. Permasalahan dalam buku ini adalah apakah poitik identitas di Indonesia ini akan membahayakan posisi nasionalis dan pluralisme di Indonesia di masa yang akan datang? Jika berbahaya dalam bentuk apa? Bagaimana cara mengatasinya? Sumber buku ini bersandarkan pada pendapat L. A Kauffman yang pertama kali menjelaskan tentang hakekat politik identitas, dan siapa yang pertama kali memperkenalkan istilah politik identitas yang masih belum diketahui sampai saat ini. Tetapi, didalam buku ini dijelaskan secara substansif, politik identitas dikaitkan dengan kepentingan anggota-anggota sebuah kelompok sosial yang merasa diperas dan merasa tersingkir oleh arus besar dalam sebuah bangsa atau negara. Kata Kunci: Politik Identitas, Bangsa, Agama   

CONCEPTUALISING RISK CULTURE ON ERM IMPLEMENTATION IN CONSTRUCTION COMPANIES

2020 ◽  
Vol 17 (1) ◽  
pp. 59
Author(s):  
Ching Ching Wong
Keyword(s):  
Risk Management ◽  
Risk Identification ◽  
The Body ◽  
Risk Indicators ◽  
Construction Companies ◽  
Risk Appetite ◽  
Risk Culture ◽  
Risk Treatment ◽  
Managing Risk ◽  
The Relationship

Enterprise Risk Management (ERM) is an effective technique in managing risk within an organization strategically and holistically. Risk culture relates to the general awareness, attitudes and behaviours towards risk management in an organisation. This paper presents a conceptual model that shows the relationship between risk culture and ERM implementation. The dependent variable is ERM implementation, which is measured by the four processes namely risk identification and risk assessment; risk treatment; monitor and consult; communicate and consult. The independent variables under risk culture are risk policy and risk appetite; key risk indicators; accountability; incentives; risk language and internal relationships. This study aims to empirically test the relationship between risk culture and ERM implementation among Malaysian construction public listed companies. Risk culture is expected to have direct effects and significantly influence ERM. This study contributes to enhance the body of knowledge in ERM especially in understanding significant of risk culture that influence its’ implementation from Malaysian perspective.

Risk Management for Cultural Organizations.The Example of Agricultural Museums in the Czech Republic

2019 ◽  
Vol 3 (2) ◽  
pp. 111-122
Author(s):  
Michal Plaček ◽  
Milan Půček ◽  
František Ochrana ◽  
Milan Křápek ◽  
Ondřej H. Matyáš
Keyword(s):  
Risk Management ◽  
Czech Republic ◽  
Risk Model ◽  
Technical Support ◽  
High Quality ◽  
The Czech Republic ◽  
Managerial Practice ◽  
The Future

This paper deals with the analysis of risks which threaten the future sustainability and operations of agricultural museums in the Czech Republic. In the section on methodology, an applicable risk model has been proposed regarding the condition of museums in the Czech Republic. Using this model, the directors of agricultural museums can assess the most significant risks which may jeopardize the sustainability of museum operations over a three-year period. The greatest risks, according to museum directors, are a lack money for investment, the inability to retain high-quality staff, and issues with technical support for exhibitions. Assessing the importance of risk is positively associated with previous experiences of a particular type of risk, whereas the association of the importance of risk with previous managerial practice is rather inconclusive.

The Future Ain’t What It Used to Be

2018 ◽  
Author(s):  
Ashoka Mody
Keyword(s):  
Financial Markets ◽  
Social Problems ◽  
Financial Integration ◽  
Fiscal Rules ◽  
Fiscal Discipline ◽  
European Project ◽  
The Future ◽  
The Right

This chapter describes two scenarios, the two possible ways in which the final act of the European project plays out. In the first scenario, European authorities remain confident that they have essentially been on the right track and they continue to make modest course corrections, which they believe will ensure a brighter European future. However, the elusive and frustrating pursuit of deeper economic and financial integration causes more economic and political damage. Setbacks and crises recur to test the euro and its accompanying political vision. In the second scenario, the pro-European vision, European authorities recognize the important truth that “more Europe” will not solve Europe's most pressing economic and social problems. They dismantle the economically counterproductive and politically corrosive system of fiscal rules and rely more on financial markets to enforce fiscal discipline. Paradoxically, the euro survives, not because it adds value but because it becomes largely irrelevant.

scholarly journals The future of financial markets and regulation: what strategy for Europe?

foresight ◽  
2014 ◽  
Vol 16 (2) ◽  
pp. 95-108 ◽  
Author(s):  
Jean-Baptiste Gossé ◽  
Dominique Plihon
Keyword(s):  
Financial Markets ◽  
Capital Market ◽  
Financial Stability ◽  
Design Methodology ◽  
Financial Integration ◽  
Content Type ◽  
Realistic Option ◽  
The Future ◽  
Unstable Environment ◽  
Insight Into

Purpose – This article aims to provide insight into the future of financial markets and regulation in order to define what would be the best strategy for Europe. Design/methodology/approach – First the authors define the potential changes in financial markets and then the tools available for the regulator to tame them. Finally, they build five scenarios according to the main evolutions observed on the financial markets and on the tools used by the regulator to modify these trends. Findings – Among the five scenarios defined, two present highly unstable features since the regulator refuses to choose between financial opening and independently determining how to regulate finance in order to preserve financial stability. Three of them achieve financial stability. However, they are more or less efficient or feasible. In terms of market efficiency, the multi-polar scenario is the best and the fragmentation scenario is the worst, since gains of integration depend on the size of the new capital market. Regarding sovereignty of regulation, fragmentation is the best scenario and the multi-polar scenario is the worst, because it necessitates coordination at the global level which implies moving further away from respective national preferences. However, the more realistic option seems to be the regionalisation scenario: this level of coordination seems much more realistic than the global one; the market should be of sufficient size to enjoy substantial benefits of integration. Nevertheless, the “European government” might gradually increase the degree of financial integration outside Europe in line with the degree of cooperation with the rest of the world. Originality/value – Foresight studies on financial markets and regulation are quite rare. This may be explained by the difficulty to forecast what will be their evolution in the coming decades, not least because finance is fundamentally unstable. This paper provides a framework to consider what could be the best strategy of regulators in such an unstable environment.

scholarly journals Methods in field chronobiology

2017 ◽  
Vol 372 (1734) ◽  
pp. 20160247 ◽  
Author(s):  
Davide M. Dominoni ◽  
Susanne Åkesson ◽  
Raymond Klaassen ◽  
Kamiel Spoelstra ◽  
Martin Bulla
Keyword(s):  
Technological Development ◽  
Monitoring Systems ◽  
Migratory Restlessness ◽  
Biological Organization ◽  
Rapid Improvement ◽  
Free Living ◽  
The Future ◽  
In The Wild ◽  
Temporal Aspect ◽  
Different Levels

Chronobiological research has seen a continuous development of novel approaches and techniques to measure rhythmicity at different levels of biological organization from locomotor activity (e.g. migratory restlessness) to physiology (e.g. temperature and hormone rhythms, and relatively recently also in genes, proteins and metabolites). However, the methodological advancements in this field have been mostly and sometimes exclusively used only in indoor laboratory settings. In parallel, there has been an unprecedented and rapid improvement in our ability to track animals and their behaviour in the wild. However, while the spatial analysis of tracking data is widespread, its temporal aspect is largely unexplored. Here, we review the tools that are available or have potential to record rhythms in the wild animals with emphasis on currently overlooked approaches and monitoring systems. We then demonstrate, in three question-driven case studies, how the integration of traditional and newer approaches can help answer novel chronobiological questions in free-living animals. Finally, we highlight unresolved issues in field chronobiology that may benefit from technological development in the future. As most of the studies in the field are descriptive, the future challenge lies in applying the diverse technologies to experimental set-ups in the wild. This article is part of the themed issue ‘Wild clocks: integrating chronobiology and ecology to understand timekeeping in free-living animals’.

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