Search results for "Economic system"

How do organizational processes recover following a disaster? - A capital resiliency model for disaster preparedness -

2016

This paper explores how organizational processes are recreated following their destruction in unexpected disasters. It applies the notion of an organization as a capital conversion and capital creation system. It also focuses on systems resilience, the measure of a system's persistence and ability to absorb disturbances while reconstructing relationships between system entities. Based on the analysis of empirical evidence collected from the Great East Japan Earthquake disaster in 2011, we propose a resiliency model incorporating a broader interpretation of the notion of capital. The model consists of five dimensions of capital: economic, social, symbolic, human, and organizational. Once a g…

Transition and Constitution in School/Work Relations

2012

In every industrial society, there must exist some kind of a transitional mechanism between the demand for and supply of a labour force, that is, a mechanism that facilitates the transition from school to work and from job to job both inside and outside the labour force. There are at least two main ways of organising such a school-labour network. The first way follows the pattern of a marketplace, that is, the labour market process is an extension of the existing market of commodities. In this pattern, the fundamental question in the marketplace relates to buying and selling and to pricing. The second way in which a school-labour network can be organised is based on the idea of a social gua…

EUROPEAN UNION EMISSIONS TRADING SYSTEM’S IMPACT ON LATVIA’S COMPETITIVENESS

2012

The goal of this paper is to analyse the general impact of the European Union Emissions Trading System (EU ETS) on Latvia’s competitiveness. The hypothesis of this paper – the EU ETS in past did not had a significant impact on Latvia’s competitiveness. At the beginning of the paper the EU ETS mechanism is discussed in the context of M.E. Porter’s identified principal factors determining state’s competitiveness. Afterwards the EU ETS operation in Latvia is described and its impact on Latvia’s competitiveness is analysed. The analysis is based on statistical data about Latvia’s 79 companies and their operation in 2005-2010, inter alia, allocations and transactions of European Union Allowances…

2013

This paper focuses on the contribution of mega events onto the development of a green economy at the event host location and discusses how to measure it. The promises of organizers usually are very ambitious but the question remains as to how realistic these claims are. This question will be addressed in three sections by using methods that are primarily analytical and critical rather than an empirical collection of data. The environmental sustainability of mega sport events is discussed and then a framework is developed to capture the green legacy and the basis for building up a green economy in all its dimensions. The main contribution mega events can make to developing a green economy at…

The Globalization of Fear

2017

In this chapter, we combine the advances of other disciplines to expand our understanding of terrorism and the fields of emotions. In this respect, as L. Howie puts it, the media industry engendered a culture of witnessing which not only is conducive to terrorism, but enlarged fear to other continents. The globalization of fear operates in a new field which is based on what Baudrillard named ‘the spectacle of disaster’. Though this vicious circle between the spectatorship of disaster and terrorism not to be broken, the problem is far from being solved. Terrorism and 9/11 as founding event ignited a new stage of capitalism which Korstanje called ‘Thana-Capitalism’. Unlike modern sociologist …

The Role of Cohesion Policy in the Development of Romania

2019

Abstract Cohesion is a common European value. The E.U.’s cohesion policy is and will remain an essential financing instrument for various multiannual development programs, for both member states and regions. This policy contributes to the development of the European Union, by reducing disparities between regions, generating jobs and increasing GDP per capita. The current paper aims to highlight several accomplishments and failings of the current cohesion policy, with a particular focus on post-2007 Romania, as well as taking a look at the future policy, envisioned for 2021 - 2027. The cohesion fund is making investments in areas such as digital infrastructure, innovation, combating climate …

Education, Innovation and Economic Development

2016

Abstract Innovation is a concept that is more and more often used as a solution for increased competitiveness and economic development, either at organizational level or at a national one, but how is it created and what are the factors involved in the cycle education-innovation-economic and social development? This article intents to clarify the above mentioned cycle and provide an insight on what innovation means and what are its components, especially from a macroeconomic point of view. The results show how important innovation and other components like education are for the national and global economic development.

Political discretion and corruption: the impact of institutional quality on formal and informal entrepreneurship

2017

This paper analyses the impact of political discretion and corruption on firm creation rates, distinguishing between formal and informal entrepreneurship. The results show that political discretion discourages the creation of formal enterprises as fewer restrictions on the government's opportunistic behaviour increases uncertainty and risks for entrepreneurial activities. Corruption also has a negative influence on formal entrepreneurship, as it increases the costs of the procedures required to create and manage the company with no assurance that the other party will fulfil the agreement. Regarding informal entrepreneurship, our results show that the negative impact of corruption also appli…

Smartness, City Efficiency, and Entrepreneurship Milieu

2017

The definition of smart city and its measurement are not shared. Different characteristics define a city as smart, which is strictly linked to urban efficiency and to entrepreneurship spirit in a multifaceted way as well as to citizens' well-being. On the basis of the comparison between city and entrepreneur behaviour and on the definition of Giffinger et al. (2007) of smart city, this chapter verifies the efficiency of a sample of European cities using a stochastic frontier approach. Departing from this analysis, the chapter develops the relative smartness definition based on the efficient use of its own resources and related to the different context. Moreover, as a city becomes close to t…

Romania’s SMEs on the Way to EU’s Twin Transition to Digitalization and Sustainability

2021

Abstract European Commission’s six priorities for 2019-2024 are all in line with and leverage each other to support Europe’s twin transition to digitalization and sustainability; aiming to address the challenges posed by the COVID-19 pandemic, The Recovery Plan for Europe adds resilience as key dimension of EU’s progress, while reinforcing its commitment to the green and digital transformation. Counting for more than 99% of the enterprises, employing about two of three people, and generating more than a half of the value added - with similar weights as concerns Romania - EU’s SMEs are the engine of Europe's economy, therefore essential contributors to these transformative processes - as emp…