Suchergebnisse

The Global Financial Crisis of 2007 was one of the worst crises that hit the world economy since the Depression era. For the next two years, the crisis created waves of economic contraction that affected developed and developing economies. The Philippines was not spared from this crisis. As an export-oriented economy, the global financial crisis created serious strains in the domestic economy when its top export destination for both goods and services suffered a downturn. Inflow of foreign direct investment also slowed down, further creating a slack in economic growth, and consequently leading to less employment opportunities in the country. Several studies analyzed how the global economic crisis was transmitted to the domestic economy. This paper culled the results of these studies with the end goal of understanding the impact of the global financial crisis on the Philippines' human resources. It also tackled the government's response to mitigate the impact of the crisis in the labor market and the lessons learned from these interventions. This paper is part of the APEC project on Human Resource Impacts of the Global Economic Crisis, which aims to assess the human resource impacts of the global economic crisis.

The paper deals with the problems of tax coordination and perspectives during and after financial crisis. As we see the 2008 financial crisis is the worst economic crisis. Great Depression of 1929 was financial crisis which know all world financers and we can compare these days financial crisis with 1929 financial crisis. Thr 2008 financial crisis has been characterised by a rapid credit expansion, high risk-taking and exacerbated financial leverage and credit crunch when the bubble burst. In particular, it reviews the existing evidence on the links between taxes and many characteristics of the crisis. Finally, it examines some possible future tax options to prevent such crises.This financial and economic crisis presents major challenges for tax administration. With the economic downturn, tax agencies are encountering growing compliance risks and greater demands for taxpayer support in the face of prospective budget cuts. This paper examines these challenges and sets out a strategy and measures for responding to them. Theoretical and empirical studies suggest that an economic downturn tends to worsen taxpayer compliance in important aspects. While a drop in compliance may have some countercyclical effects on the economy, tolerating noncompliance is not an appropriate response to the crisis because it is distortionary, inequitable, and, perhaps most importantly, hampers the rebuilding of tax bases over the medium-term.The crisis therefore presents the financial authorities – central banks, regulators and finance ministries – with two challenges:The first and most urgent is to design short-term policies so as to at least limit the adverse impact of deleveraging and deflation on the real economy. We cannot make that impact nil, but we do know how to avoid the policy mistakes which turned the initial problems of 1929-30 into the Great Depression. Fiscal and monetary policies need to be carefully designed, and – as we approach a zero interest rate and consider quantitative easing options – need to be increasingly coordinated. And ...

This article discusses how Korea and China responded to the 2008–2009 global economic crisis, with emphasis on a) public discourse and state policy, b) developments in media, especially new media, and c) conditions of labor and youth, the two overlapping groups that occupy marginalized social positions where seeds for change and progression are also to be found. Although each country has its distinct social and institutional legacy, the contemporary East Asian experiences converge in the prominence of the media, electronics, and information sector as an engine of economic growth that inevitably produces new labor and youth politics. This mode of production and its concurrent political dynamics have been severely affected by the financial meltdown. Because of a shared history of labor-intensive capital accumulation, collective memories of the Asian financial crisis a decade ago, and ongoing debates on the East Asian model of development, however, Korea and China are both in positions to transform the recession into an opportunities for social progression — as demanded by labor forces, old and new — for a viable alternative to the neoliberal doctrine.

The socio-political implications of the current economic crisis in Central America are analysed in the following paper. The temporal range of the analysis includes the first effects of the crisis, at the end of 2008, to the most severe moments, at the end of 2009. One of the most relevant theses in this paper is that the crisis has weakened even more the governmental capability to respond to the needs and demands of the majority in the society. I.e., the crisis has become in an additional obstacle for the governments in order to face the problems that are the roots of its ungovernabilityRealidad: Revista de Ciencias Sociales y Humanidades No. 123, 2010: 5-47 ; En este ensayo se abordan, en una perspectiva de conjunto, las implicaciones socio-políticas de la actual crisis económica en la realidad centroamericana. El arco de tiempo en que se centra el análisis va desde los primeros efectos de la crisis, a finales de 2008 hasta sus momentos más agudos, a finales del año 2009. Una de las tesis más relevantes del autor es que la crisis ha debilitado aun más la capacidad gubernamental-estatal para responder a las necesidades y demandas de la mayor parte de la sociedad. Es decir, la crisis se ha convertido en un obstáculo adicional para que los gobiernos del área puedan hacer frente a los problemas que una y otra vez han estado en la raíz de su ingobernabilidad.Realidad: Revista de Ciencias Sociales y Humanidades No. 123, 2010: 5-47

"The Financial Crash that convulsed the world in 2008 had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators, taken in by the hubris of economics, declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this compelling and explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and offers a realistic, monetary approach to economics that can warn of crises before they happen. He shows how ever-rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become "The Walking Dead of Debt", and those that are next in line to join them - including China, Canada and Australia. A major intervention by a fearlessly iconoclastic figure in modern political economy, this book is essential reading for anyone who wants to understand the true nature of the global economic system and the challenges facing it."

The recent banking crisis has brought into question the business model used by most large banks. This collection of essays explores the success of 'alternative banks' - savings banks, cooperative banks and development banks, using case studies from around the world and discussion of both the historical and theoretical context of banking practices