scholarly journals Did economic inequality cause the economic crisis

2014 ◽  
Vol 61 (3) ◽  
pp. 369-387
Author(s):  
Danilo Sukovic
Keyword(s):  
Economic Crisis ◽  
Social Stratification ◽  
Economic Inequality ◽  
Central Question ◽  
Negative Effects ◽  
Political Decision ◽  
Distribution Of Wealth ◽  
The World ◽  
The Impact ◽  
Economic Inequalities

The sudden and large increase of interest in questions of distribution of wealth and economic inequality, arising in recent years, resulted primarily from the enormous increase in inequality that occurred during the last three decades. The global economic crisis that emerged in 2008 gave a new impetus to this research because numerous scientific studies appeared in which inequalities were given as one of the key causes of the crisis from which the world is slowly recovering. This is especially true in Europe, whose recovery is barely discernible. This paper analyzes the trends of economic inequality and points to the impact of inequality on economic growth. The central question in this paper, however, is whether the economic inequalities caused the economic crisis. Although opinions differ as to inequality?s impact on the occurrence of the crisis, the fact is that enormous economic inequalities, and especially their permanent growth, could have many negative effects, such as increasing poverty, increasing social stratification and causing global economic crises. As many authors have pointed out, escalating inequality is not an inevitable price of progress. On the contrary, it is a political decision that often has expensive ramifications.

A Report on COVID-19 Variants, COVID-19 Vaccines and the Impact of the Variants on the Efficacy of the Vaccines

2021 ◽  
Author(s):  
Michael Halim
Keyword(s):  
South Africa ◽  
Immune Response ◽  
Clinical Characteristics ◽  
Systemic Review ◽  
Review Of Literature ◽  
Negative Effects ◽  
Mortality And Morbidity ◽  
The World ◽  
Different Strains ◽  
The Impact

The Coronavirus pandemic has caused negative effects across the globe; mortality and morbidity being the main impact. After WHO, termed the disease a pandemic in March 2020, they gave in health guidelines to follow to control the spread of the disease. The health industry, academia, and different governments are united to develop and test various vaccines at an unprecedented speed to combat the pandemic fully and bring the world back to its feet. Some of the vaccines developed include Pfizer, Moderna, and AstraZeneca. However, just like other viruses, the SAR-CoV-2 virus keeps changing through mutation, as various variants, different from the first one are emerging. Evidence shows that the three new variants; UK, Brazil, and South Africa are more severe in terms of transmissibility, disease severity, evading of the immune response, and reducing the ability to neutralized antibodies, compared to the original coronavirus. With such knowledge of the existence of different strains, the arises concerns on whether the already available vaccines are effective enough in preventing the new COVID-19 strains. Studies are still underdeveloped to learn more on the virologic, epidemiologic, and clinical characteristics of the ever-emerging variants. This research, through a systemic review of literature, seeks to find out whether the variants of SAR-CoV-2 have an impact on the efficacy of various vaccines developed in fighting the disease and the entire body’s immune response.

scholarly journals The Impact of Domestic and Foreign Environment on China’s EconomicDevelopment

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Mengya Cao
Keyword(s):  
Financial Crisis ◽  
Economic Crisis ◽  
World Economy ◽  
Industrial Structure ◽  
Negative Impact ◽  
Economic Losses ◽  
The World ◽  
World Economic ◽  
Short Time ◽  
The Impact

In recent years, the financial crisis has affected the economies of all countries in the world. At that time, it seriously restricted the development of the world economy. From a modern perspective, the difficult period of the world economic crisis caused by the financial crisis has passed, but the negative impact of the economic crisis can not be eliminated in a short time. Dispersed, the crisis has brought both opportunities and challenges to the country as well as heavy economic losses. Under the background of economic globalization, only by making a scientific and effective analysis of the world economic situation and keeping up with the trend of the world economy, can we effectively promote the domestic economic development and industrial structure, and enable our economy to develop healthily and substantially.

The Impact of Social Media on Children

2019 ◽  
pp. 1-10
Author(s):  
Tuncay Dilci ◽  
Anıl Kadir Eranıl
Keyword(s):  
Social Media ◽  
Cognitive Skills ◽  
Thinking Skills ◽  
Great Power ◽  
Negative Effects ◽  
Advantages And Disadvantages ◽  
The Social ◽  
The World ◽  
The Impact ◽  
And Training

This chapter examines the impacts of social media on children. Advantages and disadvantages of social media are always available. Positive aspects of social media include allowing children to be brought up as multicultural individuals, enabling education and training environments to design for purposes, using as the main or supplementary source of education, a great power in creating and sharing information. Its negative aspects include leading to a reduction of their academic, social, and cognitive skills in the early periods when children were exposed to the social media, causing the children to develop obesity, mostly bringing up as consumption-centered individuals, perceive the world as a screenshot, and have low critical, creative, and reflective thinking skills. Therefore, one of the most important tasks undertaken to reduce or eliminate the negative effects is to raise and educate media-literate individuals.

Assessing The Impact Of The Global Financial Crisis On GCC Countries

2010 ◽  
Vol 8 (2) ◽  
Author(s):  
Hisham H. Abdelbaki
Keyword(s):  
Financial Crisis ◽  
Interest Rates ◽  
Global Financial Crisis ◽  
The United States ◽  
Font Size ◽  
Negative Effects ◽  
Gcc Countries ◽  
The World ◽  
The Global Financial Crisis ◽  
The Impact

<p class="MsoNormal" style="text-align: justify; margin: 0in 27pt 0pt;"><span style="font-family: Times New Roman;"><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">No doubt, the </span><span style="color: #0d0d0d; font-size: 10pt;">international financial crisis that started in the United States of America will cast its effects on all countries of the world, developed and developing. Yet these effects vary from one country to another for several reasons. The GCC countries would not escape these negative effects of this severe crisis. The negative effects of the crisis on gulf countries come from many aspects: first, decrease in price of oil on whose revenues the development programs in these countries depend; second, decrease in the value of US$ and the subsequent decrease in the assets owned by these countries in US$; third, a case of economic stagnation will prevail in the world with effects starting to appear. </span><span style="color: #0d0d0d; font-size: 10pt; mso-bidi-language: AR-EG;">It is obvious that this would be reflected on the real sector in the economies causing a series of negative effects through decrease of the world demand for exports of GCC countries of oil, petrochemicals and aluminum.<span style="mso-spacerun: yes;">&nbsp; </span>Lastly, increased inflation rates with decreased interest rates will result in a decrease in real interest with an accompanying decrease in incentives for saving and consequently investment and economic development. The main aim of the research is to assess the economic effects of the global financial crisis on GCC countries. The paper results are that the big reserves of foreign currencies achieved by the GCC countries in the past few years have helped increase their ability to bear the effects of the financial effects on one hand and their ability to adopt expansionary policies through pumping liquidity to absorb the regressive effects of the crisis on the other. The paper recommends the necessity of taking precautionary procedures for the effects which will result from the expansionary policies effective in GCC countries. <strong></strong></span></span></p>

scholarly journals APPLICATION OF TOPSIS METHOD FOR THE EVALUATION OF ECONOMIC INEQUALITY IN OECD COUNTRIES

2017 ◽  
Vol 50 (1) ◽  
pp. 165-179
Author(s):  
Łukasz Kiszkiel
Keyword(s):  
Social Stratification ◽  
Social Order ◽  
Economic Inequality ◽  
Oecd Countries ◽  
World Economic Forum ◽  
Economic Liberalism ◽  
Economic Stratification ◽  
The World ◽  
World Economic ◽  
World Economic Crisis

Abstract Growing economic stratification each year in many countries is such a pressing issue that even the World Economic Forum, organized in 2014 in the luxury resort of Davos, recognized it as one of the most dangerous threats to social order. The problem of economic inequality, pushed by the apologists of economic liberalism to the margins of media discourse, once again became a “hot” topic with the World Economic Crisis in 2008, the effects of which are still felt in various countries today, and which contribute to the expansion of global social stratification. The aim of the article is to describe the sample indicators typically used by organizations, i.e. OECD, theWorld Bank to measure economic inequality in the world, and then, on the basis of these indicators, create a synthetic instrument based on TOPSIS methodology, which will allow for preparing a multi-criteria ranking of OECD countries in terms of economic inequality.

scholarly journals The Impact of COVID-19 on Tourism: A Case Study of Lumbini, Nepal

2021 ◽  
Vol 12 (1) ◽  
pp. 23-43
Author(s):  
Bhim Bahadur Kunwar
Keyword(s):  
Tourism Industry ◽  
World Health ◽  
Negative Effects ◽  
Daily Lives ◽  
Tourism Sector ◽  
The World ◽  
Global Tourism ◽  
Health Organization ◽  
The Impact

This research aims to discover and present the impacts of COVID-19 in tourism in the context of Lumbini and its premises. As COVID-19 spread globally, it has created many challenges in health and security, daily lives, the national economy, and the global tourism industry. The COVID-19 outbreak has been considered as the most challenging tragedy that occurred in the world after the 2nd world war. The World Health Organization (WHO) had listed Nepal also as a country with a high-risk zone of COVID-19.The travel restriction and nationwide lock-down implemented by many countries including Nepal have resulted in a stranded traveler’s movement. As the consequences ticket reservation, flight services, transportation, hotel, and restaurants were closed and several job losses were registered in the tourism sector. The negative effects like fear, threat, frustration, and losing the confidence of tourism entrepreneurs appeared. This has brought changes in the tourists’ behavior and their motivation to travel for the next few years. In Lumbini businesses like lodges, hotels, restaurants, and travel offices were also severely affected by the pandemic. Thus, the tourism sector has been facing serious threats due to the prolonged lockdown and closing of tourism activities than the terror of COVID-19 itself.

scholarly journals THE ROLE OF EXCHANGE PROPORTIONS IN THE INFLATION AND ECONOMIC CRISES

2014 ◽  
pp. 90-99
Author(s):  
P. V. Ushanov
Keyword(s):  
Life Cycle ◽  
Economic Crisis ◽  
World Market ◽  
Economic Systems ◽  
Economic Crises ◽  
The World ◽  
Modern Economic ◽  
The Impact

The article terminates the author's series of publications on the impact of system of stereotypes of behaviour – "success formula" - on the development of phases of the life cycle of the socio-economic systems [7-11]. The author argues in favor of the view that lifecycle of any object of management is a complex spiral consisting of 10 phases, each of which, in turn, can be regarded as a separate life cycle. Because of the stereotypes of behaviour, prevailing during previous lifecycle phases, a change of lifecycle phases often leads to a crisis and is accompanied by painful correction of exchange proportions. The author motivates his conclusion that the modern economic crisis is caused by the distortion of exchange proportions. The indexes of changes in exchange proportions are proposed to use as an indicator of stability of the world market. Proposals on overcoming the crisis are made.

scholarly journals Wpływ kryzysu na zmiany produkcji przemysłowej w Polsce

2011 ◽  
Vol 17 ◽  
pp. 99-113
Author(s):  
Tomasz Rachwał
Keyword(s):  
Economic Crisis ◽  
Industrial Production ◽  
Economic Downturn ◽  
Economic Factors ◽  
Negative Effects ◽  
Economic Climate ◽  
Production Growth ◽  
Growth Changes ◽  
The Impact ◽  
Socio Economic Factors

The aim of this paper is to analyze the impact of the global economic crisis on changes in industrial production in Poland compared to other European countries. The paper examines the changes in indicators such as industrial production growth, changes in production of major products, employment in industry, labor productivity and economic climate. This analysis shows that current negative effects f economic crisis on Polish industry are not as major as expected and are comparable with previous periods of economic downturn (eg. the late 90’s of the 20th century). It also implies, that very often the changes in industrial production are affected by number of other socio-economic factors, the economic crisis being only one of the external factors.

scholarly journals The Implications of the Recent Economic Crisis on Fertility in Greece

2015 ◽  
Vol 3 (1) ◽  
pp. 154 ◽  
Author(s):  
Byron Kotzamanis ◽  
Anastasia Kostaki
Keyword(s):  
Social Security ◽  
Economic Crisis ◽  
Economic Recession ◽  
Developed Countries ◽  
Economic Crises ◽  
Family Policies ◽  
Negative Effects ◽  
Social Security Systems ◽  
Close Relationship ◽  
The Impact

A systematic review of past economic recessions occurred in developed countries confirms that social and economic crises often have serious effects on fertility while, beyond national differentiations, these effects have certain characteristics, e. g. a weak effect on generational fertility;an postponement on the timing of first birth, closely related to a late marriage or union;a close relationship between unemployment and age-specific fertility. The sensitivity of fertility behavior to economic crises is less marked in countries with longstanding family policies and strong social security systems. The recent social and economic recession in Greece took place under different social conditions than many recessions in the past. More women than ever are participating in the labor market, most couples use reliable contraception that enables them to postpone childbearing, while social security and health costs are burdened from the rapidly expanding numbers of elderly. All these factors can affect reproductive decisions and potentially aggravate the negative effects of the recession on fertility. This work, using the latest available official data of Greece, provides an investigation of the impact of the current economic crisis on fertility levels, as well as the evolution of these levels through time.

scholarly journals Geoeconomics and entrepreneurship during the COVID-19 pandemic

2021 ◽  
Vol 55 (3) ◽  
pp. 930-952
Author(s):  
Marijana Maksimović ◽  
Neven Cvetićanin
Keyword(s):  
Labour Market ◽  
Economic Activity ◽  
Significant Contribution ◽  
Research Question ◽  
Scientific Research ◽  
Negative Effects ◽  
Social Dialogue ◽  
The World ◽  
The Impact

The aim of this research is to examine how the coronavirus, which has become a global process, has affected the labour market. The goal is to confirm or reject the hypothesis that there has been an increase in unemployment since the beginning of the pandemic. Also, the aim is to answer the research question whether social dialogue has managed to mitigate the negative effects of the coronavirus (COVID-19). Analytical and descriptive methods were used in this research. The scientific research presented in this paper makes a significant contribution to the study of the impact of the coronavirus on the regions, economic activity and unemployment. The paper presents data on the number of the (un)employed in the world before the beginning of the pandemic and after the end of the first and most critical year.

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