Algerian finance minister may clash with central bank

2015 ◽  
Keyword(s):  
Foreign Policy ◽  
Political Parties ◽  
Central Bank ◽  
Social Issues ◽  
Content Type ◽  
High Profile ◽  
Finance Minister ◽  
The Government ◽  
The Impact

Significance The announcement was part of a cabinet reshuffle on May 14, which saw changes to several important portfolios, including energy, finance and interior. Bouteflika's intervention reflects concern about the impact of cheap oil on the economy. It also comes amid mounting popular discontent about economic and social issues, several high-profile corruption trials and intense infighting within the main political parties. Impacts The reshuffle will not change the perception that the government lacks direction due to Bouteflika's illness. Confusion over the stewardship of foreign policy reinforces the impression that the ruling system is riven with factionalism. Sellal is secure for a few months, but this could change amid upheavals in the main political parties.

Why HR and IT departments should talk talk

2016 ◽  
Vol 15 (3) ◽  
pp. 118-122 ◽  
Author(s):  
Chris Pace
Keyword(s):  
Design Methodology ◽  
Content Type ◽  
High Profile ◽  
Current Thinking ◽  
Security Practices ◽  
It Department ◽  
Working Together ◽  
The Government ◽  
It Departments ◽  
The Impact

Purpose The purpose of this paper is to examine the impact that cyberattacks are having on organizations and the growing need these create for H.R. departments to collaborate more closely with IT departments. Design/methodology/approach Current thinking regarding managing cybersecurity suggests that it should be managed holistically, i.e. by the human resources (HR) department and information technology (IT) department working together more closely. This sees the IT department providing the IT security tools and the HR department providing the appropriate processes and procedures that need to be followed, as well as creating a necessarily more “vigilant” culture. Findings Several practical steps are outlined that will help HR departments protect themselves against a data breach. Originality/value Cyberthreats are amongst the top threats to UK business, according to the government. Managing cybersecurity has long been left almost solely to the technology experts. The continuing number of high-profile data breaches suggests that cybersecurity tools alone will not stop information leaking from companies. There is an important role for HR teams in encouraging and enforcing a more proactive, vigilant culture amongst the workforce and working more closely with IT to improve security practices.

Chile coalition crisis hints at new Pinera presidency

2016 ◽  
Keyword(s):  
Political Parties ◽  
Presidential Election ◽  
Pole Position ◽  
Content Type ◽  
Fertile Ground ◽  
Election Results ◽  
The Government ◽  
The Impact ◽  
Consistent Support ◽  
Actual Size

Significance Albeit expected, that defeat has widened divisions within its centre-left coalition and between the administration and its political parties. The election results put the centre-right opposition in the pole position to win the next presidential election in November 2017. Impacts The impact of the election outcome on the mood in government parties far exceeds the actual size of their defeat. High abstention is a criticism of both main coalitions and suggests potentially fertile ground for populism. Without consistent support from its own parties, it will be difficult for the government to pass promised reforms.

China slowdown opens avenues for India's economy

2015 ◽  
Keyword(s):  
Commodity Prices ◽  
Skills Gap ◽  
Content Type ◽  
Strategic Competition ◽  
Finance Minister ◽  
The Government ◽  
The Moment ◽  
The Impact ◽  
Trade And Investment ◽  
China’S Economy

Subject The impact of China's slowdown on India. Significance Finance minister Arun Jaitley has seen the slowing of China's economy as the 'moment' for India to assert its own claims to growth. Already benefiting from the decline in global commodity prices, India's 'Make in India' campaign aims to seize a larger share of global manufacturing and investment from China. Yet there is a downside: China is itself a major trade and investment partner for India. Impacts Land acquisition hurdles will be overcome most easily at the regional level. India's skills gap is large but the government has yet to prioritise educational reform and to finance vocational training sufficiently. Increased China-India strategic competition could undercut bilateral economic cooperation.

Mexico's police reform will be weakly implemented

2016 ◽  
Keyword(s):  
Political Parties ◽  
Police Reform ◽  
Gubernatorial Elections ◽  
Internal Security ◽  
Content Type ◽  
High Profile ◽  
Local Police ◽  
The Government

Subject Police reform. Significance On May 6, the 2016 World Internal Security and Police Reform Index was published, ranking Mexico's security apparatus 118th out of 126 countries. The government has long been aware of the problem and in November 2014, after the high-profile disappearance of 43 students, allegedly at the hands of local police in Guerrero, President Enrique Pena Nieto submitted to the Senate a programme for security reform. Having faced delays and many difficulties, it has regained salience this year. Impacts Disagreements among political parties will hinder reform, undermining the government's security record. Government reliance on voluntary unified police command agreements will undermine security improvements. Local security fears will increase, potentially influencing June's gubernatorial elections.

Centre-right government takes power in Slovakia

2020 ◽  
Keyword(s):  
Foreign Policy ◽  
Social Issues ◽  
Social Democracy ◽  
Foreign Minister ◽  
Content Type ◽  
Parliamentary Elections ◽  
Central European ◽  
Eu Membership ◽  
The Government ◽  
The Eu

Significance The February 29 parliamentary elections resulted in the defeat of ruling left-nationalist Direction-Social Democracy (Smer-SD), which has led Slovakia’s government for 12 (3 4-year terms) of the 16 years that Slovakia has been a member of the EU. The incoming four-party centre-right government of Igor Matovic, while generally conservative on social issues, will be reformist and pro-EU on economic and foreign policy. Impacts While populist, the new Slovak government will diverge from its Central European neighbours in not promoting ‘illiberalism’. There should be continuity in Slovakia’s foreign policy, with a professional diplomat as foreign minister. The government supports EU membership, despite some parties demonstrating soft Euroscepticism.

Judiciary will play rising political role in Brazil

2015 ◽  
Keyword(s):  
Social Issues ◽  
Public Life ◽  
Policy Decisions ◽  
Content Type ◽  
Political Role ◽  
High Profile ◽  
The Future ◽  
The Government

Subject The increasing political role of the judiciary. Significance With the courts examining cases that could define the future of President Dilma Rousseff's government, the judiciary has recently been in the spotlight -- although increasing judicial participation in politics has become a feature of Brazilian public life in recent years. This has been driven not only by high-profile corruption investigations but also by the courts' growing willingness to make far-reaching policy decisions. Many have welcomed these developments, but critics argue that judges have often ignored the limits of their functions and taken an undue role in politics. Impacts Rules for controversial social issues will increasingly depend on court rulings. The unpopularity of the government and Congress opens space for an 'activist' judiciary. However, a Rousseff removal decided by the courts would be highly divisive.

Assessing sustainability marketing from macromarketing perspective: a multistakeholder approach

2020 ◽  
Vol 16 (4) ◽  
pp. 287-305 ◽  
Author(s):  
Soha Abutaleb ◽  
Noha El-Bassiouny
Keyword(s):  
Theory Of Planned Behavior ◽  
Planned Behavior ◽  
Purchase Intentions ◽  
Marketing Strategies ◽  
Content Type ◽  
Quantitative Research Methods ◽  
Sustainable Products ◽  
Government Role ◽  
The Government ◽  
The Impact

PurposeThe paper examines three main stakeholders in the market and their roles toward achieving sustainability marketing. Those stakeholders are consumers, companies and policymakers. The current study is examining consumers’ attitudes toward sustainability marketing and their purchase intentions of sustainable products through the use of theory of planned behavior. The paper is also examining the role of companies and policymakers in encouraging consumers to consider sustainability in their purchasing decisions.Design/methodology/approachConcurrent research study is applied, where qualitative and quantitative research methods are conducted at the same time for different purposes with equal weights. Qualitative interviews were applied with fast-moving consumer goods companies and policymakers, while quantitative surveys were applied with Egyptian consumers.FindingsThe results showed that companies are taking serious and effective steps in transforming their marketing strategies into sustainable marketing ones. The government role is still limited as there are no strict laws and regulations that force companies and factories in Egypt to develop sustainability marketing strategies. Consumers’ attitudes were highly affected by firms' sustainable practices as well as subjective norms that led to influencing their intentions toward purchasing sustainable products.Originality/valueAlthough the topic of sustainability marketing is considered by a plenty of researchers in the academic discipline, there are no studies that have combined the main three stakeholders' roles in achieving sustainability marketing in one study. The study highlights the impact of government role and firms' role on consumers' attitudes and purchase intentions toward sustainable products, especially convenient products. This was done through the adoption of the theory of planned behavior.

The performance of the Broad Based Black Economic Empowerment compliant listed property firms in South Africa

2016 ◽  
Vol 34 (1) ◽  
pp. 3-26 ◽  
Author(s):  
Omokolade Akinsomi ◽  
Katlego Kola ◽  
Thembelihle Ndlovu ◽  
Millicent Motloung
Keyword(s):  
Stock Returns ◽  
Factor Model ◽  
Stock Exchange ◽  
Sharpe Ratio ◽  
Economic Empowerment ◽  
Content Type ◽  
Black Economic ◽  
Black Economic Empowerment ◽  
The Government ◽  
The Impact

Purpose – The purpose of this paper is to examine the impact of Broad-Based Black Economic Empowerment (BBBEE) on the risk and returns of listed and delisted property firms on the Johannesburg Stock Exchange (JSE). The study was investigated to understand the impact of Black Economic Empowerment (BEE) property sector charter and effect of government intervention on property listed markets. Design/methodology/approach – The study examines the performance trends of the listed and delisted property firms on the JSE from January 2006 to January 2012. The data were obtained from McGregor BFA database to compute the risk and return measures of the listed and delisted property firms. The study employs a capital asset pricing model (CAPM) to derive the alpha (outperformance) and beta (risk) to examine the trend amongst the BEE and non-BEE firms, Sharpe ratio was also employed as a measurement of performance. A comparative study is employed to analyse the risks and returns between listed property firms that are BEE compliant and BEE non-compliant. Findings – Results show that there exists differences in returns and risk between BEE-compliant firms and non-BEE-compliant firms. The study shows that BEE-compliant firms have higher returns than non-BEE firms and are less risky than non-BEE firms. By establishing this relationship, this possibly affects the investor’s decision to invest in BEE firms rather than non-BBBEE firms. This study can also assist the government in strategically adjusting the policy. Research limitations/implications – This study employs a CAPM which is a single-factor model. Further study could employ a multi-factor model. Practical implications – The results of this investigation, with the effects of BEE on returns, using annualized returns, the Sharpe ratio and alpha (outperformance), results show that BEE firms perform better than non-BEE firms. These results pose several implications for investors particularly when structuring their portfolios, further study would need to examine the role of BEE on stock returns in line with other factors that affect stock returns. The results in this study have several implications for government agencies, there may be the need to monitor the effect of the BEE policies on firm returns and re-calibrate policies accordingly. Originality/value – This study investigates the performance of listed property firms on the JSE which are BEE compliant. This is the first study to investigate listed property firms which are BEE compliant.

Mandatory corporate social responsibility in India: reporting reality, issues and way forward

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Pawan Taneja ◽  
Ameeta Jain ◽  
Mahesh Joshi ◽  
Monika Kansal
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Mandatory Reporting ◽  
Content Type ◽  
Csr Reporting ◽  
Reporting Requirements ◽  
Expectation Gap ◽  
The Government ◽  
Corporate Social ◽  
The Impact

Purpose Since 2013, the Indian Companies Act Section 135 has mandated corporate social responsibility (CSR) reporting by Indian central public sector enterprises (CPSEs). CSR reporting is regulated by multiple Government of India ministerial agencies, each requiring different formats and often different data. This study aims to understand the impact of these multiple regulatory bodies on CSR reporting by Indian CPSEs; evaluate the expectation gap between regulators and the regulated; and investigate the compliance burden on CPSEs. Design/methodology/approach An interview-based approach was adopted to evaluate the perspectives of both regulators and regulated CPSEs on the impact of the new regulations on CSR reporting quality. The authors use the lens of institutional theory to analyse the findings. Findings Driven by coercive institutional pressures, CPSEs are overburdened with myriad reporting requirements, which significantly negatively impact CPSEs’ financial and human resources and the quality of CSR activity and reports. It is difficult for CPSEs to assess the actual impact of their CSR activities due to overlapping with activities of the government/other institutions. The perceptions of regulators and the regulated are divergent: the regulators expect CPSEs to select more impactful CSR projects to comply with mandatory reporting requirements. Originality/value The findings of this study emphasise the need for meaningful dialogue between regulators and the regulated to reduce the expectation gap and establish a single regulatory authority that will ensure that the letter and spirit of the law are followed in practice and not just according to a tick-box approach.

The South African public service wage bill deadlock in 2021: living on the edge

2021 ◽  
Vol 11 (4) ◽  
pp. 1-15
Author(s):  
Marianne Matthee ◽  
Albert Wöcke
Keyword(s):  
Fiscal Policy ◽  
Learning Outcomes ◽  
South African ◽  
Public Service ◽  
Subject Area ◽  
The South ◽  
Content Type ◽  
Academic Level ◽  
Finance Minister ◽  
The Government

Subject area Macro-Economics. Study level/applicability Undergraduate and MBA. Case overview The COVID 19 pandemic-related restrictions devastated South Africa’s economy in 2020 and although the restrictions were generally less damaging than in 2020, the government had to budget for vaccinations and rebuild the economy. Public service unions had just announced that they were demanding an increase of 4% above inflation for their members and that they were preparing for a strike. They were bitter about the fact that the South African Government had withdrawn from the last year of a three-year wage agreement in February 2020 and their members had not received an increase for the two years. These demands and Finance Minister Mboweni’s response to them had to consider the structural and cyclical impact on the fiscus and economy. Expected learning outcomes The learning outcomes are as follows: understand the general objectives of fiscal policy and stakeholders’ interests; understand the tradeoffs in fiscal policy and the implications of taking a position; and make recommendations based on reasoned judgements about those recommendations. Complexity academic level Undergraduate and MBA level courses on Macro Economics. Supplementary materials Teaching notes are available for educators only. Subject code CSS 10: Public Sector Management.

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