Suchergebnisse

Implications of the modern Marxist theory create the opportunity to show the inevitability, the reasons and the main features of the first world crisis of the XXI century. It has been generated by deregulation of economy, which caused the 'classical' crisis of overproduction, and by the new contradictions of late capitalism, in particular, by persistent over-accumulation of capital and by the excessive development of the transactional sector, of the fictitious financial capital and its isolation from the real sector. Marxist analysis of social interests and contradictions shows that anti-crisis measures require not only increasing of state regulation, but also determining on behalf of whom and in the interests of what social groups this regulation will be realized. The authors propose to do this on behalf of the financial capital and in the interests of citizens, but also formulate the neoconservative scenario of post-crisis development.

The article deals with the development of perspectives of crisis and crisis management in sociology. The author describes the characteristics and the classifications of crisis events and their interconnection with the related terms. Recommendations of constructing a complex crisis management system are proposed.

A large and influential body of work has been published on the recent transformation of Mexican agriculture, focusing on how the growth of linkages to the international economy has reallocated Mexico's land and labor resources in a way that threatens the survival of peasant forms of food production. Curiously, the working assumptions of this corpus have remained largely unchallenged in the academic literature. The thrust of this approach is well captured in an article published in LARR by David Barkin and Billie DeWalt a few years ago. These authors were seeking to explain the origins of Mexico's "food crisis" and made a series of recommendations for tackling the problem. Although many of Barkin and DeWalt's observations are irrefutable, the framework of their analysis begs a number of questions, and elements within it are mutually inconsistent. Their work merits close attention nonetheless because, unlike much of the literature on the "food crisis," it goes beyond analysis of the problem to make fairly explicit policy recommendations. Because their recommendations are so out of line with the present thrust of Mexican policy, it is instructive to return to their article. Their contribution exemplifies a paradigm that, in rejecting trade liberalization, fails to lend itself to constructive criticism of the policies now being vigorously pursued in Mexico. In challenging Barkin and DeWalt's analytical framework and policy recommendations (from a standpoint that is sympathetic toward trade liberalization), this research note is intended to provoke a lively debate about new ways to conceptualize Mexican food issues.

The study aims to discern how social networking sites have become an important tool in enabling immediate crisis communication. Juxtaposing theories on crisis and strategies of image restoration the paper aims to analyze the recent Maggi Crisis. The case study takes Twitter and Facebook as points of analysis. The paper observes that although social networking site facilitates immediate communication, it can cause a lot of damage to the reputation of the organization if utmost care is not taken in the message that goes out. The paper will further analyze the possibilities and limitations provided by social networking sites to the companies at the time of crisis. The paper concludes that damage control to a great extent could be exercised through adoption of apt strategies right away.

The post 9/11 scenario in Pakistan's economy can readily be
identified with a host of positive developments. Real GDP growth rates
have averaged around 6 percent since 2002, stock market surges have
broken all the previous records, there is much more dynamism in the
banking industry, capital flows are pouring into the economy, foreign
exchange reserves have swelled to record high levels, and poverty has
witnessed a declining trend. However, what mars these celebrations since
last year is the scepticism of some market commentators on the growing
vulnerability of Pakistan's economy to crisis.1 The main weakness, as
widely pointed out, remains the sustainability of current account
deficit along with rising fiscal imbalances. A review of empirical
literature on the determinants of currency crisis introduces a host of
macroeconomic fundamentals broadly based on the predictions of the
seminal first- and second-generation models. Although the list of these
determinants varies from study to study, the consensus appears to be on
the sustainability of external and fiscal positions as the main
predictors of a crisis. An overview of the Pakistani fundamentals since
2000 reveals that broadly key Pakistani economic indicators do not give
an immediate cause for concern. However, the emergence of primary budget
balance as a deficit and the growing trade and current account deficits
in the last two years does seem to be a cause for concern.

The main purpose of this paper is to investigate macroeconomic variables that are predictive of banking crisis. We focus on selecting variables that have high predictive power to discriminate between two groups of countries: the sound and the distressed. We consider a sample of 50 emerging market and developing countries during 1990–2005 time period, and apply generalized estimating equations as well as univariate, bivariate and trivariate transvariation analysis to choose the variables that have high predictive and discriminative powers to separate the distressed countries from the sound countries. In order to compare the predictive performance of these selected variables, we calculate the leave one out predictive error rate for the top ranking variables with low transvariation probability using discrimination procedures. Not surprisingly the results show that countries with better macroeconomic and monetary environments and healthier banking institutions are less likely to suffer systemic banking crisis.