scholarly journals Relationship Between Globalization, International Capital Inflows and Financial Crisis in Emerging Countries and Alternative Fiscal Policies

2010 ◽  
Author(s):  
Ayfer Gedikli

Globalization which started to improve since 1980’s, has caused many beneficial and harmful effects and unexpected changes both in the world economy and in economical structures of countries. Globalization affected not only economical structures but also social life, politics, and even cultures. On the other hand, while globalization was presenting “opportunities” to emerging countries, it also brought heavy risks and severe problems to them. Parallel to those improvements, globalization gave rise to international capital inflows. Emerging countries which have poor economical conditions, found international capital as “life ring” since the capital was their greatest problem for the development of their economies. Unfortunately, in a short time, the dream turned into a “nightmare” and finally financial crises came true back to back and they spread all over the world with the domino effect. In this article, relationship between the globalization, international capital inflows and the financial crises which increased a lot parallel to improvement of globalization will be discussed. Beside the destructive effects of financial crises on economies, some financial policies to protect from the crises will be suggested.

Author(s):  
Ayhan Guney

The Global Financial Crises occurred at the end of 2008, and in very short time, spread to all sectors of economy.All countries were badly hit by the crises and the World economies shrank almost $50 trillion, the equivalent of one year of world GDP.During the process, especially the banking sectors of the world economies was smashed, and many banks and financial institutions bankrupted and some others liquidated such as Lehman Brothers. All countries took the drastic fiscal and monetary measures to overcome the global crises. So, this paper focuses on the functions of central banks asking that what the role of central banks to cope with the global crises was, and thus omits the side of fiscal policies implemented by different countries.It especially discusses the role of Turkish Central Bank and its monetary policies during and after the 2008-Global Financial Crises. What was the achievement of the measures taken and the monetary policies implemented by Turkish Central Bank during and after the financial crises?


Author(s):  
Neiva Vieira Da Cunha

In the past three decades, we have witnessed the worldwide development of new economic dynamics that have intensified the most perverse and harmful effects of globalization processes. The global economy has increasingly produced intense social vulnerability and has driven a large number of people out of the center of the economic and social order (Sassen, 2016). This economic model responds to a logic of financialization of all domains of social life, imposed by different political choices and decisions that result in the degradation of working conditions and the increase of precariousness and insecurity throughout the world (Harvey, 1985). These consequences are not new and have already been described and analyzed by authors such as Serge Paugam (1991), Robert Castel (1995), and Didier Fassin (1996), among others. However, as Saskia Sassen (2016) points out, in a broader sense, this logic of financialization and production of new inequalities underway in the contemporary world can be seen as a more profound systemic underlying tendency that articulates realities that unite us. They often seem disconnected, and their modes of action, which can be characterized by their complexity, may include different dynamics and even coexist with economic growth.


Author(s):  
Vu Kha Thap

Entering the XXI century and especially in the period of the industrial revolution has entered the era of IT with the knowledge economy in the trend of globalization. The 4.0 mankind development of ICT, especially the Internet has had a strong impact and make changes to all activities profound social life of every country in the world. Through surveys in six high School, interviewed 85 managers and teachers on the status of the management of information technology application in teaching, author of the article used the SWOT method to distribute surface strength, weaknesses, opportunities and challenges from which to export 7 management measures consistent with reality. 7 measures have been conducting trials and the results showed that 07 measures of necessary and feasible.


2020 ◽  
Vol 6 (3) ◽  
pp. 40-50
Author(s):  
Mukhammadjon Holbekov ◽  

The great Uzbek poet Alisher Navoi(1441-1501), during his lifetime, was widely known not only in his homeland, but also far beyond its borders. A contemporary and biographer of Navoi, the famous historian Hondemir, of course, not without some hyperbole, wrote: "He (Navoi -M.Kh.) in a short time took the cane of primacy from his peers; the fame of his talents spread to all ends of the world, and the stories of the firmness of his noble mind from mouth to mouth were innumerable.The pearls of his poetry adorned the leaves of the Book of Fates, the precious stones of his poetry filled the shells of the universe with pearls of beauty


2020 ◽  
Vol 3 (3) ◽  
Author(s):  
Jiawen Fu

Since the birth of 5G, it has attracted much attention from all countries in the world. The development of 5G industry is particularly important for domestic economic development. 4G changes life, 5G changes society. 5G will not only accelerate the speed of people surfing the Internet, but also bring revolutionary changes to all aspects of social life, making people's lives, work and entertainment more convenient and diverse. The economic impact of the development of the 5G industry on China cannot be underestimated. Nowadays, information and communication technology has increasingly become a new driving force for economic development. 5G technology has already become a key technology pursuit for countries to compete for the status of world power, and it has also become an indispensable part of contemporary economic and social development. We should give full play to the government's guiding role, and work with network giants to build a new platform for cooperation, promote coordinated industrial development, achieve win-win results, and promote economic and social prosperity and development.


Author(s):  
Yilmaz Akyüz

The crisis demolished the myth that EDEs were decoupled from advanced economies and BRICS were becoming new engines of global growth. From 2011 onwards, with the end of the twin booms in commodity prices and capital inflows, growth in EDEs has converged downward towards the depressed levels of advanced economies from the very high levels achieved in the run-up to the global crisis and the immediate aftermath. Loss of momentum is particularly visible in economies that failed to manage the earlier booms prudently. In examining the spillovers from policies in major advanced economies and China to EDEs, the chapter introduces the notion of commodity-finance nexus wherein these markets reinforce each other during both expansions and contractions. The chapter concludes with a brief discussion of policies needed to put the world economy into decent shape and to avoid liquidity and debt crises in EDEs.


Author(s):  
Barbara J. Risman

This is the first data chapter. In this chapter, respondents who are described as true believers in the gender structure, and essentialist gender differences are introduced and their interviews analyzed. They are true believers because, at the macro level, they believe in a gender ideology where women and men should be different and accept rules and requirements that enforce gender differentiation and even sex segregation in social life. In addition, at the interactional level, these Millennials report having been shaped by their parent’s traditional expectations and they similarly feel justified to impose gendered expectations on those in their own social networks. At the individual level, they have internalized masculinity or femininity, and embody it in how they present themselves to the world. They try hard to “do gender” traditionally.


Author(s):  
Leo Tolstoy

Resurrection (1899) is the last of Tolstoy's major novels. It tells the story of a nobleman's attempt to redeem the suffering his youthful philandering inflicted on a peasant girl who ends up a prisoner in Siberia. Tolstoy's vision of redemption achieved through loving forgiveness, and his condemnation of violence, dominate the novel. An intimate, psychological tale of guilt, anger, and forgiveness, Resurrection is at the same time a panoramic description of social life in Russia at the end of the nineteenth century, reflecting its author's outrage at the social injustices of the world in which he lived. This edition, which updates a classic translation, has explanatory notes and a substantial introduction based on the most recent scholarship in the field.


Sign in / Sign up

Export Citation Format

Share Document