scholarly journals Power Resources and Income Inequality in Switzerland and Singapore

2021 ◽  
Author(s):  
Mehmet Kerem Coban
Keyword(s):  
Political Institutions ◽  
World Economy ◽  
Explanatory Variable ◽  
Full Employment ◽  
Recent Decade ◽  
Resource Theory ◽  
Labour Unions ◽  
Power Resources ◽  
Power Resource Theory

This chapter endeavours to explain rising inequality in Singapore and Switzerland from a power-resource theory perspective which will be accompanied with the idea of trilemma between earnings equality, full employment, and budgetary restraint. Recent decade has observed rising inequality in two countries, and this chapter mainly argues that the limited role of labour in policymaking process seems to be one but critical explanatory variable in highly decentralised and centralised political context in Switzerland and Singapore, respectively. Besides the role of political institutions, distinct experiences with labour unions, historical evolution of social policies, the need for more integration with world economy, and ageing are also taken into account for a comprehensive understanding of forces behind rising inequality which is instrumented as the gap between top and lower income deciles. This chapter concludes that all forces interdependently play their respective roles; meaning it is difficult to separate one from another. Finally, it calls for being responsive to incessant changes in domestic arena with a focus on shifts in demography, labour demand, aspiration of the youth while maintaining soundness of fiscal capacity.

scholarly journals THE ROLE OF DERIVATIVE INSTRUMENTS IN FINANCIAL STABILITY

2019 ◽  
Vol 4 (8) ◽  
pp. 130-135
Author(s):  
Lela Scholer-Iordanashvili
Keyword(s):  
Interest Rates ◽  
Financial Stability ◽  
World Economy ◽  
Foreign Currency ◽  
Financial System ◽  
Recent Decade ◽  
Negative Influence ◽  
The World ◽  
Correlation Rate

Globalization offers new challenges to the world economy, which becomes more depended on unprecedented in- crease of financial activity worldwide. Availability of information and development of technologies significantly increased capital flow in the world and role of capital and monetary markets in economy. Second half of 2007 and first half of 2008 faced import- ant events in the world economy. Among them especially no- table are US real estate crisis and global limitation of credits, devaluation of USD and strengthening of inflation processes. These global events have significant influence over financial stability. In the recent decade variability of stocks and interest rates, together with globalization of capital markets, in- creased demand on financial instruments with the purpose of distribution of risks. From this perspective, interest rate derivatives are most frequently marketed among OCT derivatives. Therefore, estimation of the role of financial derivatives instruments is very important in stability of international financial system. Purpose of research is to analyze influence of derivatives over financial crisis. Within frameworks of re- search 5 countries are studied for 1997-2010 quarterly. OLS regressive equation is used in research for empirical tests. Model includes following variables: crisis index (dependent variable), independent variables are: correlation rate of cur- rent account and GDP, correlation rate of domestic credit on private sector with GDP, correlation rate between foreign currency reserves and conditional amounts of market derivatives on the stock exchange. Empirical analysis shows us that influence of derivatives over financial stability is not unilateral and depends on characteristics of financial system of the country. Particularly, in Singapore and USA, where financial system is strong, influence of derivatives is positively reflected on financial stability, and empirical study conduct- ed on example of emerging markets, particularly, Argentina, Russia and Brazil revealed negative influence of derivatives on financial system.

Power resource theory revisited: The perils and promises for understanding contemporary labour politics

2021 ◽  
pp. 0143831X2110533
Author(s):  
Bjarke Refslund ◽  
Jens Arnholtz
Keyword(s):  
Labour Market ◽  
Labour Markets ◽  
Resource Theory ◽  
Historical Understanding ◽  
Power Resource ◽  
Original Theory ◽  
Power Resources ◽  
Common Criticism ◽  
Different Types ◽  
Power Resource Theory

While their power is declining, unions and workers remain prominent actors in society. Therefore, there is a need to bring power resource theory back to the analytical forefront in the study of contemporary labour politics and labour market sociology. It provides the analytical perspectives necessary for a comprehensive and historical understanding of labour markets and labour politics. However, this article argues that the original theory developed by Korpi needs to be reassessed and further developed. Revisiting the original theory and reviewing common criticism, the authors argue that power resource theory should pay closer attention to how different types of power resources are mobilised and used and how actors’ interests are shaped during that process. The article seeks to address these issues and thus move power resource theory forward and pave the way for future theorisation.

On Energy Status indicators and the role of renewableEnergy under Economic Crisis

2014 ◽  
pp. 92-105
Author(s):  
P. Bezrukikh ◽  
P. Bezrukikh (Jr.)
Keyword(s):  
Renewable Energy ◽  
World Economy ◽  
Electrical Energy ◽  
Primary Energy ◽  
Primary Energy Consumption ◽  
Energy Status ◽  
Economy Growth ◽  
The World ◽  
Production Regime

The article analyzes the dynamics of consumption of primary energy and production of electrical energy in the world for 1973-2012 and the volume of renewable energy. It is shown that in the crisis year of 20 0 9 there was a significant reduction in primary energy consumption and production of electrical energy. At the same time, renewable energy has developed rapidly, well above the rate of the world economy growth. The development of renewable energy is one of the most effective ways out of the crisis, taking into account its production regime, energy, environmental, social and economic efficiency. The forecast for the development of renewable energy for the period up to 2020, compiled by the IEA, is analyzed. It is shown that its assessment rates are conservative; the authors justify higher rates of development of renewable energy.

The Role of Technological Change in the Long-run Global Economy Forecasting

2013 ◽  
pp. 97-116 ◽  
Author(s):  
A. Apokin
Keyword(s):  
Technological Change ◽  
Data Quality ◽  
Long Range ◽  
Global Economy ◽  
World Economy ◽  
Qualitative Approaches ◽  
Long Run ◽  
The World ◽  
National Economies

The author compares several quantitative and qualitative approaches to forecasting to find appropriate methods to incorporate technological change in long-range forecasts of the world economy. A?number of long-run forecasts (with horizons over 10 years) for the world economy and national economies is reviewed to outline advantages and drawbacks for different ways to account for technological change. Various approaches based on their sensitivity to data quality and robustness to model misspecifications are compared and recommendations are offered on the choice of appropriate technique in long-run forecasts of the world economy in the presence of technological change.

Public and Private Net Savings in Developing Countries: Some Empirical Tests for the Period 1972-88 (Distinguishedl Lecture)

1992 ◽  
Vol 31 (4I) ◽  
pp. 431-447
Author(s):  
Peter A. Cornelisse ◽  
Elma Van De Mortel
Keyword(s):  
Public Debt ◽  
World Economy ◽  
Socioeconomic Development ◽  
Critical Size ◽  
Public And Private ◽  
Critical Dimensions ◽  
The Public ◽  
Empirical Tests ◽  
Financial Issues

The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much attention. Thus, in the field of macroeconomics financial issues have gained more prominence over the last two decades. Studies relating to the fiscal deficit have been particularly numerous. The critical size of national public debts, the contribution of the public debt to external debt, the reduced confidence in the state as the guide in socioeconomic development and the role of fiscal policy in adjustment processes are among the main reasons for this increased interest.

Comparative Political Economy

2017 ◽  
Author(s):  
Georg Menz
Keyword(s):  
Political Economy ◽  
Political Institutions ◽  
International Political Economy ◽  
Adam Smith ◽  
Industrial Relations ◽  
Welfare States ◽  
Comparative Political Economy ◽  
Technological Parameters ◽  
Private Debt

This new and comprehensive volume invites the reader on a tour of the exciting subfield of comparative political economy. The book provides an in-depth account of the theoretical debates surrounding different models of capitalism. Tracing the origins of the field back to Adam Smith and the French Physiocrats, the development of the study of models of political-economic governance is laid out and reviewed. Comparative Political Economy (CPE) sets itself apart from International Political Economy (IPE), focusing on domestic economic and political institutions that compose in combination diverse models of political economy. Drawing on evidence from the US, the UK, France, Germany, Sweden, and Japan, the volume affords detailed coverage of the systems of industrial relations, finance, welfare states, and the economic role of the state. There is also a chapter that charts the politics of public and private debt. Much of the focus in CPE has rested on ideas, interests, and institutions, but the subfield ought to take the role of culture more seriously. This book offers suggestions for doing so. It is intended as an introduction to the field for postgraduate students, yet it also offers new insights and fresh inspiration for established scholars. The Varieties of Capitalism approach seems to have reached an impasse, but it could be rejuvenated by exploring the composite elements of different models and what makes them hang together. Rapidly changing technological parameters, new and more recent environmental challenges, demographic change, and immigration will all affect the governance of the various political economy models throughout the OECD. The final section of the book analyses how these impending challenges will reconfigure and threaten to destabilize established national systems of capitalism.

scholarly journals Political Institutions and Coups in Dictatorships

2021 ◽  
pp. 001041402199716
Author(s):  
Nam Kyu Kim ◽  
Jun Koga Sudduth
Keyword(s):  
Empirical Analysis ◽  
Political Institutions ◽  
Empirical Support ◽  
Democratic Institutions ◽  
The Creation

Does the creation of nominally democratic institutions help dictators stay in power by diminishing the risk of coups? We posit that the effectiveness of political institutions in deterring coups crucially depends on the types of plotters and their political goals. By providing a means to address the ruling coalition’s primary concerns about a dictator’s opportunism or incompetence, institutions reduce the necessity of reshuffling coups, in which the ruling coalition replaces an incumbent leader but keeps the regime intact. However, such institutions do not diminish the risk of regime-changing coups, because the plotters’ goals of overthrowing the entire regime and changing the group of ruling coalition are not achievable via activities within the institutions. Our empirical analysis provides strong empirical support for our expectations. Our findings highlight that the role of “democratic” institutions in deterring coups is rather limited as it only applies to less than 38% of coup attempts.

scholarly journals Robots as intelligent assistants to face COVID-19 pandemic

2020 ◽  
Author(s):  
Valeria Seidita ◽  
Francesco Lanza ◽  
Arianna Pipitone ◽  
Antonio Chella
Keyword(s):  
Technological Progress ◽  
World Economy ◽  
The State ◽  
Research Groups ◽  
Negative Effects ◽  
The World ◽  
Intelligent Assistants

Abstract Motivation The epidemic at the beginning of this year, due to a new virus in the coronavirus family, is causing many deaths and is bringing the world economy to its knees. Moreover, situations of this kind are historically cyclical. The symptoms and treatment of infected patients are, for better or worse even for new viruses, always the same: more or less severe flu symptoms, isolation and full hygiene. By now man has learned how to manage epidemic situations, but deaths and negative effects continue to occur. What about technology? What effect has the actual technological progress we have achieved? In this review, we wonder about the role of robotics in the fight against COVID. It presents the analysis of scientific articles, industrial initiatives and project calls for applications from March to now highlighting how much robotics was ready to face this situation, what is expected from robots and what remains to do. Results The analysis was made by focusing on what research groups offer as a means of support for therapies and prevention actions. We then reported some remarks on what we think is the state of maturity of robotics in dealing with situations like COVID-19.

Poverty and Prosperity: Political Economics in Eighteenth-Century Ireland

2020 ◽  
Vol 88 ◽  
pp. 73-96
Author(s):  
Marc A. Hight
Keyword(s):  
Political Economy ◽  
Eighteenth Century ◽  
Political Institutions ◽  
Full Employment ◽  
Well Being ◽  
Common Interest ◽  
Early Step ◽  
Political Situation ◽  
Irish People ◽  
Economic Thinking

AbstractI draw attention to a group of thinkers in Ireland in the first half of the eighteenth century that made significant contributions to the philosophy of political economy. Loosely organized around the Dublin Philosophical Society founded in 1731, these individuals employed a similar set of assumptions and shared a common interest in the well-being of the Irish people. I focus on Samuel Madden (1686-1765), Arthur Dobbs (1689-1765), and Thomas Prior (1680–1751) and argue for two main theses. First, these Irish thinkers shared a number of commonalities with the English mercantilist thinkers of the eighteenth century, and to the degree that they did, their proposals to aid Ireland and reduce poverty were largely doomed to failure. Second, these Irish thinkers also importantly diverged from typical eighteenth-century mercantilist thinking in several ways. These modifications to mercantilism resulted in large part from the unusual political situation of Ireland (as a nation politically dependent on England) and helped orient their economic thinking along more institutional lines. In particular, the emphasis of the Irish on full employment and on the modification of social as well as political institutions is an early step forward in making political economy more sophisticated.

An inter-dependence of flood and drought: disentangling amphibian beta diversity in seasonal floodplains

2017 ◽  
Vol 68 (11) ◽  
pp. 2115 ◽  
Author(s):  
Leonardo F. B. Moreira ◽  
Tainá F. Dorado-Rodrigues ◽  
Vanda L. Ferreira ◽  
Christine Strüssmann
Keyword(s):  
Community Structure ◽  
Environmental Factors ◽  
Quantitative Data ◽  
Explanatory Variable ◽  
Biotic Interactions ◽  
Ecological Role ◽  
Β Diversity ◽  
Amphibian Community ◽  
Dry Seasons

Species composition in floodplains is often affected by different structuring factors. Although floods play a key ecological role, habitat selection in the dry periods may blur patterns of biodiversity distribution. Here, we employed a partitioning framework to investigate the contribution of turnover and nestedness to β-diversity patterns in non-arboreal amphibians from southern Pantanal ecoregion. We investigated whether components of β-diversity change by spatial and environmental factors. We sampled grasslands and dense arboreal savannas distributed in 12 sampling sites across rainy and dry seasons, and analysed species dissimilarities using quantitative data. In the savannas, both turnover and nestedness contributed similarly to β diversity. However, we found that β diversity is driven essentially by turnover, in the grasslands. In the rainy season, balanced variation in abundance was more related to altitude and factors that induce spatial patterns, whereas dissimilarities were not related to any explanatory variable during dry season. In the Pantanal ecoregion, amphibian assemblages are influenced by a variety of seasonal constraints on terrestrial movements and biotic interactions. Our findings highlighted the role of guild-specific patterns and indicated that mass effects are important mechanisms creating amphibian community structure in the Pantanal.

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