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Result 41-60 of 2034
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Институционалне мере унапређења инвестиционог окружења Републике Србије на путу евроинтеграција

Институционалне мере унапређења инвестиционог окружења Републике Србије на путу евроинтеграција

Author(s): Mirjana B. Knežević,Srđan Šapić / Language(s): Serbian Issue: 1/2017

The analysis of economic and legal environment in Serbia shows that there has been a significant improvement, which has in turn enhanced the quality of the investment environment. Despite that, according to most influential international reports on the quality of business and investment climate, Serbia deserves a relatively poor grade. The most problematic areas for business comprise inefficient state bureaucracy, corruption, collecting taxes, as well as application of law and regulations. Bearing that in mind, Serbian government officials should continuously improve overall quality of business environment, paying special attention to the most problematic areas in order to improve investment climate, and facilitate free movement of capital and development of the capital market.

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Antropološka kritika teze o "braku kupovinom žena" kao prilog promišljanju interdisciplinarnosti

Antropološka kritika teze o "braku kupovinom žena" kao prilog promišljanju interdisciplinarnosti

Author(s): Zorica Ivanović / Language(s): Serbian Issue: 2/2007

Anthropological research demonstrates that exchanges and transactions related to marriage alliances, regardless of their central organizing principle and form, are not governed by the logic of the market but by the logic of gift exchange. Thus, the exchange of women for worthy material goods and valuables (bride wealth), which is (or has been) a dominant form of marriage transactions in Africa and some parts of Asia and Oceania, cannot be understood as commodity exchange and "wife purchase". The "marriage by wife purchase" thesis, developed within a Victorian evolutionist paradigm, has been rejected in anthropology a long time ago. At the same time, some more recent research showed that the exchange of persons for goods as a principle of marriage exchanges and transactions does not entail only the practice of exchanging women for material goods. In some societies, marriage transactions are based on the principle of exchanging men for goods (groom wealth). This research called into question, once again, not only the "wife purchase" theory but also Levi-Strauss' fundamental assumption about the "exchange of women between groups of men". In response to the fact that the "marriage by wife purchase" thesis is still regarded as an adequate explanation not only in the popular discourse but also in the Serbian scientific literature, this article seeks to offer an anthropological critique of the thesis and to draw attention to some key interdisciplinary disagreements that emerge in the interpretation of this particular form of marriage transactions. The article also discusses theoretical and epistemological assumptions which underpin the "marriage by purchase" thesis, as well as the process of critical examination that led anthropology to discard the thesis. From a contemporary anthropological perspective, the article suggests a possibility to explore a cultural and political economy of the gift, since the logic of gift is different from but not diametrically opposed to the logic of commodity exchange.

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Креативното мислене в светлината на поведенската и креативната икономика

Креативното мислене в светлината на поведенската и креативната икономика

Author(s): Rumen Andreev / Language(s): English Issue: 3/2017

The objective of this paper was to prove that in the core of modern economics stayed creative behavior that was not only the result of intellect but also of right lateral thinking, studied by neuroscience. The study of creative behavior required analysis of human thinking, which was the basis for achieving creativity in the economy. The investigation was devoted to the issues of creative thinking, and addressed the main conditions for a creative solution to the economic problems. The necessary elements of creative behavior, methods, and techniques of individual and group creative thinking had been identified. A comparative analysis of different concepts from behavioral economics was performed for the purpose of the study as they were compared with the creative economy paradigms so that creative behavior synthesis could be made. An interdisciplinary approach was used as investigations of intelligence, psychology, and neuroeconomics had been combined and analyzed. However, the already existing publications on behavioral economics in Bulgaria, it had been relatively inadequately known, while the creative economy had been analyzed in terms of the intellectual property. In the economically developed countries creativity became a major economic resource providing crucial competitive advantage. The behavioral and creative economy development enabled the study of creative behavior and the creative thinking in its core, with its results such as innovation, creative products, marketing, entrepreneurship, etc.

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Gelir Dağılımı Adaletsizliğine Çözüm Arayışları: Yirmi Birinci Yüzyılda Kapital

Gelir Dağılımı Adaletsizliğine Çözüm Arayışları: Yirmi Birinci Yüzyılda Kapital

Author(s): Ebru Bilgin / Language(s): Turkish Issue: 2/2014

Review of: Ebru BİLGİN - Thomas Piketty, Çev. Hande Koçak, Yirmi Birinci Yüzyılda Kapital, Türkiye İş Bankası Kültür Yayınları, İstanbul, 2014, 742 s. (ISBN: 978-605-332-277-1)

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Значимост на етиката за политическата икономия днес

Значимост на етиката за политическата икономия днес

Author(s): Valentina Dramalieva / Language(s): Bulgarian Issue: 3/2018

The article shows how political economy and economics are related as interpretative models of economy and as academic disciplines, and why political economy today includes ethics by necessity in its analyses. Arguments are searched in: the deficiency of economics as the only science analysing the economy; the traditional integration of societal science; the weaknesses in theory and practice stemming from the excessive specialization of social sciences; some examples showing the search for theoretical alternatives in interdisciplinary social research beyond the "pure" economy.

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Financial Globalization and the Anglo-Saxon Model of Capitalism: an Agency-Centered Approach to Study Financial Change

Author(s): Pasquale De Girolamo / Language(s): English Issue: 4/2018

This paper examines the main theoretical perspectives on the process of financial change in modern capitalism. It discusses institutionalist political economy approaches claiming that their conception of states, markets and financial innovation is problematic when analysing financial globalisation. In order to consider how the internationalisation of financial practices can be studied, this article suggests that a necessary step is that of firstly deconstructing the model of Anglo-Saxon capitalism as present in the literature. Whereas scholars have emphasised deregulation in the explanation of the development of financial practices, this essay emphasizes that in key respects their development in the Anglo-American core has been profoundly shaped by the actions and interests of state actors and at the end, it rests on a set of highly formalised set of institutions. This allows this paper to locate historically the peculiar American institutional roots of modern financial practices, focusing on the singularity of the social contexts in which practices emerge rather than studying finance solely in relation to the liberal nature of the state. After this, it proposes a theoretical framework to conceive the relationship between states and markets in international contexts from a historical agency-centred perspective.

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Beyond Marketization? The Genesis of Quality Assessment Criteria in the British niversity Sector between 1985 and 1992

Author(s): Laura Giovinazzi / Language(s): English Issue: 4/2018

This brief article is a consideration on the theme of Quality Assessment (QA) criteria in the British university sector. It will attempt to shed light on a variety of conceptualisations on this instrument which is commonly considered a means to achieve a more efficient university sector which can prosper by working on the quality of education that is delivered to students whilst at the same time responding to reforms, which have pushed for a greater “value-for-money” of public resources used by universities. Whereas the majority of recent literature give an overview of the current state of the university system, this article instead sheds a focus of quality assessment criteria on an aspect which is treated as a marginal detail, namely, the historical origins of these criteria. By bringing some historical evidence to the forefront, this article will show how an attentive reflection on the birth of quality assessment criteria can show some problematic aspects of literatures which tend to explain and study QA as instruments that contain a logic of some sort. When literatures of different approaches prioritise a logic at work for explaining the functioning of QA criteria, this article argues, they tend to ignore that the conception of QA was vested with a variety of interests of different agents.

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The Quest for a Prime Mover. A Critique of Deirdre McCloskey’s Theory of Change

Author(s): Alessandra Antonella Rita Maglie / Language(s): English Issue: 4/2018

Within a framework of history of political thought, this essay examines the original, albeit questionable, account furthered by Chicago economist Deirdre McCloskey. First, I will present an intellectual profile of the author in order to provide a broader perspective on her thoughts about ethics, politics and economics, and to show how her position in these areas intertwines with the main thesis expressed in the Bourgeois trilogy. Secondly, I will propose, on the basis of an alternative reading of historical materialism, that Marx’s theory of change is more complex than she admits. Finally, I will show the problematic aspects of McCloskey’s theory of historical change. My main point is that McCloskey’s account is motivated by her polemic intent against Marxism –as her intellectual background shows –and because of that she ignores alternative readings of historical materialism. As a consequence, her theory of historical change presents a few flaws. In fact, the “revolution of ideas” which McCloskey indicates as a direct cause of the Industrial Revolution, may appear as an attempt to replace the accumulation theory of the Marxist tradition with another all-purpose label. It is risky to rely on a theory that seeks a single cause for historical change, because it entails a linear conception of history rather than a more complex and comprehensive one. In short, I maintain that strict causal monism cannot explain the evolution of society.

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Meritocracy: the Third Way and the Effervescence of Capital

Author(s): Massimo Del Forno,Marco Di Gregorio / Language(s): English Issue: 4/2018

Since the social-democrats dismissed the communist utopia and privileged instead the idea of a well-being founded on the production-consumption cycle, the Western electoral competition has been increasingly focused on the capitalist economy. Accordingly, the political dynamics shifted from the class conflict to the regulation of markets. On the social side, the removal of the previous conflict has freed the “spirit of capitalism” that has been able to settle even more pervasively in the symbolic relations between people. This new philosophy of money triggers a social game played on competition and the reward mechanism derived from it. In this sense, meritocracy is the criterion for governing this new order of capitalism. Within this context, this article discusses the contribution of the left movements and parties, in their historical-social evolution, to the construction of a meritocratic principle in Europe. It also investigates the political process that led the left to a strategic choice, among the other possible options for renewal: namely, to give up to the struggle against capitalism and privilege a progressive accommodative logic with regard to the market. We argue that this choice was based both on values and interests shared by political actors and was supported at a theoretical level by a group of intellectuals who recognize themselves in the Third Way. Based on the above, the article shall identify the main stages in this political change, by using an appropriate selection of discourses and texts that refer to Third Way, analyzing them through a sociological perspective.

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Politics and Economics in the Context of Globalisation

Politics and Economics in the Context of Globalisation

Author(s): Aurel PIŢURCĂ / Language(s): English Issue: 06+07/2005

Globalisation est l'un des problèmes les plus controversés avec lesquelles le monde se confronte aujourd'hui. L'avenir de l'humanité dépend dans une large mesure de l'évolution du procès de globalisation et le commerce et les relations internationales en sont les facteurs décisifs.

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Капиталистическа държава ли е България?

Капиталистическа държава ли е България?

Author(s): Ventseslav Kulov / Language(s): Bulgarian Issue: 5/2018

The main problem discussed in the article is the integral characteristics of the Bulgarian society. The author’s thesis is that contrary to the generally accepted opinion this society is not a capitalist one. To substantiate this viewpoint the author has explicated the meaning of the common name of capitalism. Based on Karl Popper’s views the author maintains that the efficient normative regulation is a requisite condition for the existence of capitalism while in present day Bulgaria this condition has not been fulfilled.

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Sanctions as an Ambiguous Tool of Economic Statecraft: The Case of Russia Post-20142

Sanctions as an Ambiguous Tool of Economic Statecraft: The Case of Russia Post-20142

Author(s): Mladen Lišanin / Language(s): English Issue: 2/2018

Trade and financial sanctions are regularly considered one of the most widely employed tools of economic statecraft, although their efficiency is occasionally disputed. In academic literature and political practice alike, it is often claimed that they can effectively be used to influence a particular state’s behavior and shape international political outcomes. Even the potential for sanctions to be imposed is sometimes enough to produce the wanted consequences. Some conditions are previously required, though, in order for sanctions to work. They pertain to the level of balance between the actors’ capabilities and vested interests. In the case of sanctions imposed to Russian Federation by a large number of Western countries, the conditions have clearly not been met. Given that the purpose of sanctions imposed is not to affect the targeted state’s economy, but to influence its behavior, it may well be stated that the tool has not been successfully used. Also, within the current, ever-larger global interdependence, the consequences produced by international sanctions have backfired and hampered the economies of many of the European Union member states, thus creating blocks of opposition within the Western club and demonstrating the ambiguity of the tool itself. It all goes to show that the way of handling the Ukraine crisis, regarding its reliance on international sanctions, was flawed. As such, it is not only significant as a roadmap of how not to handle international conflicts, but as a potentially valuable case study in the future economic statecraft textbooks.

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Uticaj energetske revolucije na politiku administracija predsednika Baraka Obame prema Bliskom istoku

Author(s): Olga Pavković / Language(s): Serbian Issue: 20/2018

Foreign policy of the United States of america has been altered by the energy revolution which began in 2008. as a result of increased tight oil and sha le gas production, US Middle Eastern energy dependence has been reduced. The balance of power in the Middle East is not as crucial for the US as it used to be, which results in fewer needs for military and political presence in the region. during Barack obama’s time in office, the US started retreating from iraq, and official stance on the arab Spring was neutrality. greater freedom of choice in foreign policy of the United States of america is the main outco me of the energy revolution.

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Government subsidy, strategic profitability and its impact on financial performance: empirical evidence from Indonesia

Government subsidy, strategic profitability and its impact on financial performance: empirical evidence from Indonesia

Author(s): Aminullah Assagaf,Yusliza Mohd Yusoff,Rohail Hassan / Language(s): English Issue: 3/2017

This paper examines the moderating impact of capital structure on the relationship between government subsidy, strategic profitability and financial strength of state-owned enterprises in Indonesia. A purposive sampling is used and data were collected from seven state-owned enterprises over the period of 2005 to 2016. The empirical evidence provided by this paper indicates that government subsidy has a significant negative impact on the financial strength, which means that the state-owned enterprises are difficult to manage the company independently if the government continues to provide subsidies or additional capital. This study also found that strategic profitability has a significant positive impact on the financial strength, which means there are opportunities for management to perform profitability practice of earnings management as strategic to enhance the level of financial strength of the company. However, capital structure is strengthening the relations of ‘government subsidy’ and ‘real earnings management’ with the financial strength. So far, it is still little known how ‘capital structure’ affects the relationship between government subsidy and financial strength, specifically in the case of state-owned enterprises.

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Раціональність поведінки людини в економічній науці: концепція обмеженої раціональності

Раціональність поведінки людини в економічній науці: концепція обмеженої раціональності

Author(s): Ostap Vatamanyuk / Language(s): Ukrainian Issue: 34/2018

The preconditions of nascence and evolution features of bounded rationality notion in modern economics are traced. It is shown that this concept is widely used today when constructing essentially different models. The specifics of bounded rationality interpretation in models of optimization under constraints, behavioral economics, and ecological rationality theory are considered.

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Від гіпотези ефективних ринків до теорії поведінкових фінансів

Від гіпотези ефективних ринків до теорії поведінкових фінансів

Author(s): O. O. Nabatova / Language(s): Ukrainian Issue: 34/2018

In the article the essence of behavioral finance is considered, the special attention is paid to the comparative analysis of the theoretical foundations of traditional and behavioral finance. The main principles of the behavioral approach concerning the process of financial decisions making are highlighted. The structure of the behavioral finance theory is described and its tools are systematized.

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Strategic Priorities and Effectiveness of the Implementation of the State Policy for Sustainable Agricultural Development in Ukraine

Strategic Priorities and Effectiveness of the Implementation of the State Policy for Sustainable Agricultural Development in Ukraine

Author(s): Marianna Stehnei,Inna Irtysheva,Yevheniia Boiko,Ksenya Khaustova / Language(s): English Issue: 2/2019

Solving the current economic, social and environmental problems in the domestic agricultural sector requires a comprehensive strategic approach mutually coordinated at the national and regional levels that will promote balanced development of the agricultural industry through the principles of social justice, environmental safety and resource-saving economics. In this regard, monitoring and forecasting implementation of the strategic priorities defined at the state level becomes relevant. Effective monitoring requires improvements in methodological support and the analytical framework, which is why writing an article on this topic is apt.This article investigates the current state of the Ukrainian agricultural sector’s transition to a model of sustainable development, as well as the problems associated therewith. The analysis and forecasting of the implementation of the integrated strategy for the development of agriculture in the context of sustainable development goals are substantiated using gap analysis. The current and strategic tasks for the socio-ecological and economic development of the Ukrainian agricultural sector are presented.

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Türkiye’de Bireysel Emeklilik Sistemi: Modelleme ile Gelişiminin Değerlendirilmesi

Türkiye’de Bireysel Emeklilik Sistemi: Modelleme ile Gelişiminin Değerlendirilmesi

Author(s): Özgül Yalçın,Beyhan Marşap / Language(s): Turkish Issue: 2/2019

Purpose – This study, which examined the general lines of the private pension system is being implemented in Turkey, the change in the number of participants and was conducted in order to reveal the development of the private pension system accordingly. The change in the number of participants has been examined as three periods. Regarding these periods, evaluations were made about the development of the Private Pension System. Design/methodology/approach – In this study, the development model of the Private Pension System is tried to be estimated. In this analysis, the number of participants from the data shared publicly by the Pension Monitoring Center was used. Findings – As a result of the regression analysis conducted for the periods covered in the study, it was determined that the number of participants, in general, showed a positive development in the first two periods. However, according to the previous period, the number of participants showed a negative performance towards the last months of the third period. Discussion – The positive number of participants in general and the development of the Individual Pension System are partly similar to the results of other studies in the literature.

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Ekonomi Politiğin Eleştirisi Üzerinden Karşılaştırmalar: Meta, Zenginlik, Kalkınma

Ekonomi Politiğin Eleştirisi Üzerinden Karşılaştırmalar: Meta, Zenginlik, Kalkınma

Author(s): Recep Koray Yılmaz / Language(s): Turkish Issue: spec. 1/2019

In this special issue which is releasing for the anniversary of Karl Marx, we aim to discuss the concepts of commodity, wealth and development in the context of his magnum opus “Das Kapital”. We do not drive a comprehensive discussion which focuses on how these concepts have been addressed in Das Kapital. This paper’s aim is more limited: to indicate the crucial differences between the Marxian and the mainstream analysis of these concepts

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Правовий господарський порядок як основа здійснення грошово-кредитної політики

Правовий господарський порядок як основа здійснення грошово-кредитної політики

Author(s): R. A. Dzhabrailov,Tetyana Hudima / Language(s): Ukrainian Issue: 38/2019

The article analyzes the relationship and mutual coordination of monetary policy with the legal economic order. It has been established that the implementation of monetary policy at the present stage of state development is ineffective due to the imperfection of the normative category “legal economic order” as the basis for the formation of economic policy directions. The German model of the economic (economic) order is examined and the principles on which it is based are analyzed. A hypothesis is expressed about the possibility of recognizing such principles as the doctrinal basis for the formation of the content of the domestic category of “legal economic order”, which will contribute to the sustainable development of the state economy.

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