Volatility Spillovers of Sharia Index during the Covid-19 Pandemic in ASEAN

This study aims to the rise in global economic integration is due to an expansion in volatility spillovers. Therefore, it is extraordinarily necessary to analyze the volatility spillovers for growing and developed international locations through the use of portfolio funding and danger management. This lookup investigates the Volatility Spillovers of Sharia Index on 6 ASEAN international locations all through the Covid-19 Pandemic the usage of the EGARCH model. Data have been received from 5 international locations with enormous volatility spillovers, particularly Indonesia, Malaysia, Singapore, Thailand, and Vietnam, to decide the reciprocal relationship of the inventory index in ASEAN as properly as the route of volatility movements. The result confirmed that this lookup is necessary for ASEAN traders besides for the Philippines. Furthermore, this lookup has sturdy sensible significance due to the fact the correct prediction of the volatility spillovers in worldwide fairness markets is quintessential for decreasing portfolio risk.

Trade and Health

Prior reviews have discussed the potential relationship between global economic integration and smoking prevalence, but for the most part, these non-empirical studies have only offered speculative observations. This cross-national study employs two-way fixed effects regression models and a three-way interaction to test whether integration into the global economy, measured as imports (% of GDP), affects male and female smoking prevalence across country income groups (developed vs. less developed nations) and time from 2000 to 2015. We observe that the effect of global economic integration on female smoking prevalence increased in magnitude over time in both income groups, but we see no such effect on male smoking prevalence. The effect does not differ by income group. We conclude by discussing the theoretical implications of our findings, along with policy recommendations.

Diplomatic Protection upon Extradition within the System of International Law

Globalization scales up transnational threats, including crime, and raises the question about the principles and practice of interaction between states in the fight against crime. In this context, one of the most important issues is the extradition of foreign citizens and their diplomatic protection. Diplomatic protection emerged alongside sovereign states and their interests. However, the current development of the world community associated with globalization, a medley of peoples and global economic integration seriously changes the rules of diplomatic protection. In the past, these rules were quite simple: diplomatic bodies defended state interests, the interests of their citizens, economic and other entities within the framework of established legal norms. Today the concept of ‘friend-or-foe’ also changes due to the growing integration of states, peoples, companies and increasing migration. The authors of the article have analyzed multilateral, bilateral and regional agreements, as well as national laws on extradition, and have concluded that subjects of international law need to focus on the principle of reciprocity when deciding on extradition.

Globalization

The chapter focuses on contemporary globalization and emerging regional cooperation initiatives in the context of economic development. The authors analyze the trends of the current globalization (new protectionism) and conflicts/contradictions between various forces involved in global economic integration. The chapter also investigates the trends, status, issues, and impacts of the de-linking project of the South initiatives (which can be seen in the forms of various regional blocks). It also provides a comprehensive treatment of the subject and recommends new perspectives on the potential developmental effects of regional cooperation and the implications of regional integration for global economic development.

Malevolent Trespassers or Benevolent Guests

Migration, a phenomenon where different factors compel people to move from one location to a new location, has remained an intrinsic feature of the human world. Many studies have been conducted on media portrayal of migrants, little scholarly attention has been paid to the dominant image of African migrants in the news media. Therefore, this study, deploying agenda-setting and framing theories, attempted a meta-analysis of the existing studies on media portrayal of African migrants with a view to establishing the dominant image of the migrants as reported by the media. Twenty-five journal articles on portrayal of African migrants purposively selected through online search were analysed quantitatively and qualitatively. Findings reveal that the media portrayed African migrants via negative lens with the use of ubiquitous derogatory frames which include: aliens, foreigners, purveyors of social ills, vagrant, criminals, chaotic and hopeless. These dominant negative images of Africa and African migrants portend a great danger to globalisation and global economic integration. The realisation of comprehensive globalization and global economic integration will remain elusive as long as the media continue to give more prominence to the negatives of migration than the positives. Therefore, the media agenda, in all climes, should be used to positively influence public agenda and policies as regards migration.

Statecraft strategies and housing financialization at the periphery: Post-socialist trajectories in Russia and Poland

A new literature on housing and financialization has emerged in recent years, but scholars have yet to examine how political actors shape national trajectories of housing financialization. In this article, we address this shortcoming by examining the cases of Russia and Poland in the 1990-2018 period. We argue that in both contexts political elites implemented a radical market-oriented reshaping of housing finance. However, by pursuing distinct statecraft strategies and modes of integrating the domestic economy into global markets, Russian and Polish political elites created two divergent trajectories of housing financialization. Russian political elites pursued patrimonial statecraft strategies and a mode of global economic integration based on raw material exports. The Putin administration channeled revenues from raw material exports into the securitization-based housing finance system and used this infrastructure as an instrument of hegemonic power. In doing so, the Russian government shielded homeowners from exposure to financial risk. In contrast, Polish political elites pursued liberal statecraft strategies and a mode of global economic integration based on foreign capital inflows. Polish political parties therefore enabled foreign banks to dominate the housing finance system and sell foreign currency mortgages, which exposed homeowners to considerable financial risk. In light of these findings we call for further research into the political factors that shape the process of housing financialization, both in the post-socialist space and beyond.

Modinomics in India

An assessment of Modi’s economic policies (“Modinomics”) shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India’s economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This article argues that deepening economic reforms, including integration into the global economy, can help mitigate the structural impediments facing the Indian economy.