An economic crisis?

According to estimates made by several German economic research institutes, economic growth will slow down also in the coming year. For the first half of 1967 an increase in terms of money by 5% and in real value by 2% is expected. As compared with growth rates in former years this growth is considered a very moderate one. After almost twenty years of uninterrupted prosperity this easing of the cyclical conditions is stirring up in many quarters the deep-rooted fear of an “economic crisis”. Is the Federal Republic of Germany really headed for an economic collapse? To clear up this problem INTERECONOMICS has asked Professor Dr Andreas Predohl, the German Overseas Institute, Hamburg, and Dr Hans-Jurgen Schmahl, the Hamburg Institute for International Economics, Hamburg, for their opinion.     

经济危机对我国经济的影响

本文就经济危机对我国经济的影响进行了论述.     

The causes of the economic crisis

The authors are attempting an objective elucidation of the economic crisis in Portugal. They are dealing with the influence of excess investment, with external economic factors such as the energy crisis and the recession in the industrial countries, and with the consequences of the revolutionary process.     

对华贸易政策审议会议主席博兹科特·阿朗:全球经济危机加强了中国的决心

世贸组织对中国的第三次贸易政策审议提供了一个从多边角度审视中国贸易政策和措施及其对贸易体制影响的绝好机会.我对易小准副部长及其率领的代表团、讨论引导人瑞典大使Sward-Capra女士以及贸易政策审议机构的所有成员表示感谢,感谢他们为大家交流看法所做出的贡献.     

Facing global economic crisis: Foreign sales,ownership groups,and corporate value

This study extends the research on internationalization to a new organizational context – emerging market firms (EMF), and a new time context – global economic crisis. We propose a U-shaped relationship between foreign sales intensity and firm value for EMFs during global economic crisis. Further, we distinguish between EMFs’ relational owners (i.e., business groups) and transactional owners (i.e., institutional investors) to investigate their different moderating effects. We find empirical support for our hypotheses using a sample of Chinese firms during the global economic crisis in 2008. Moreover, we provide research and practice implications.     

The economic and currency crisis in South-East Asia

When a series of Asian countries got into a serious economic crisis in the middle of last year, it took most observers by surprise. Current models for the explanation of currency crises are indeed inadequate in this instance. Do we need a new theory, or can existing models be expanded to enable us to explain and predict events such as those in Asia?     

浅谈经济危机下会计集中核算制度的优与劣

几年前发生的经济危机,会计集中核算制度充分发挥了社会主义的优势.会计集中核算在杜绝腐败、资金合法使用、有效管理资金方面起到了重要作用.但是,本文对会计核算集中制度存在着一些缺陷,提出了自己的建议以供参考.     

An economic analysis of the East Asia crisis

Since the summer of 1997, the East Asian “tiger” nations have suffered an unprecedented bout of weakness, plunging what had been vigorously expanding economies into a deep crisis. A number of domestic economic problems joined forces with turbulence on the foreign exchanges to generate a crisis of confidence on a grand scale. The crisis was triggered off by fundamental imbalances, with a key role being played by the “moral hazard” effect: domestic enterprises had been backed by implicit state guarantees, and it was always assumed that the IMF would assist if necessary. Then a destabilizing wave of speculation ran through the financial markets, pushing even countries with sound economic structures into difficulties. This article highlights the sequence of developments in the East Asian crisis, providing an economic explanation of the phenomenon.     

The Covid-19 economic crisis: dangerously unique

Business Economics - The Covid-19 crisis is unique in several respects. This devastating recession does not have an economic origin, will dance largely to the tune of non-economic factors, and is...     

Something unforeseeable happened? Natural rate theory and economic crisis

“Natural rate theory” — the application of the efficient market hypothesis to labour markets — has guided economic policy since the 1970s and laid the foundations for the design of major European institutions in the 1990s. Unfettered markets were declared to be stable, and consequently public policies and regulations were regarded as distortions. This led to a division of labour in which central banks were responsible only for price stability, governments for labour market reforms and unions for low wages. The European discussion focused almost exclusively on labour market reforms to reduce unemployment. Against the background of the recent dramatic drop in economic activity, this paper confronts natural rate theory with actual economic trends and argues that the predictions of the theory hardly fit the facts.     

How ICT affects economic growth in the Euro area during the economic crisis

NETNOMICS: Economic Research and Electronic Networking - The financial and economic crisis in Europe highlighted issues related to the competitiveness of member states, as well as the importance of...     

Strategic choice during economic crisis: Domestic market position,organizational capabilities and export flexibility

This study examines how sudden shrinkage of domestic demand affects firm-level export performance. Using the Asian economic crisis as a natural experiment, we show that while the industrial organization (IO) economics and resource-based view (RBV) apply well in the pre-crisis period, the real options perspective does a better job in explaining firms’ efforts to increase exports in the post-crisis period. Specifically, using a real options perspective, we show how sudden change in domestic demand provides benefits to those firms that have invested in flexible capabilities while those firms that are locked in with inflexible resources fail to change. We find that the positive relationship between a firm's domestic market position and export intensity becomes stronger in the post-crisis than the pre-crisis period. Further, we find a positive relationship between non-location-bound flexible capabilities such as R&D and export intensity and a negative relationship between location-bound inflexible capabilities such as advertising and export intensity. These relationships become more pronounced in the post-crisis period.     

金融风暴中的经济类频率，该何去何从？

随着国内专业化广播频率的多年发展,经济类频率作为一种重要的专业化频率,已经成为国内广播市场的主力,其富有特色的经济类型节目更加有针对性地吸引着关注经济、关心股市的特定听众。从赛立信媒介研究公司2008年全国无主调查范围内的数据来看．在全国基本平均每个城市都有1套以上经济类频率或以经济类节目为卖点的频率。在经济发达的地区和省会城市中．更是经常会有两个或以上经济类频率。     

论马克思对西方经济危机理论的批判

随着西方资本主义国家相继进入工业化发展阶段,面对经济危机周期性爆发及其所派生的企业破产、工人失业的社会现实,西方资产阶级经济学家提出了各种各样的经济危机理论,企图掩盖资本主义生产方式时社会经济发展的严重桎梏.马克思在深入分析了资本主义经济社会关系的基础上,对当时具有代表性的危机理论进行了批判,揭示了经济危机爆发的根源.     

欧洲债务危机对中国经济的影响分析

随着希腊经济危机的加剧,成为全球关注的热点。由于,欧盟在处理希腊债务危机的问题上没有得到有效的解决,使得希腊债务危机进一步蔓延,导致银行危机与债务危机并发,逐渐扩散的整个欧元区,大致欧洲出现了严重的债务危机。本文通过对欧洲债务危机的分析,着重研究欧洲债务危机对中国经济的影响。     

Trust,terrorism, and technology

The development of civilization implies an evolution of complex trust mechanisms which integrate the social system and form bonds which allow individuals to interact, even if they are strangers. Key elements of trust are predictability of consequences and an evaluation of consequences in terms of self-interest or values. Values, ethics, and norms enhance predictability. The terrorist introduces an unpredictable event which has negative consequences, thus destroying trust. However, terrorist-like situations occur in day-to-day activities. Technology itself makes the world more interdependent and less predictable. Furthermore, technological accidents and disasters, which are also unpredictable and negative, may prompt individuals to perceive technology as if it were a terrorist. Louis H. Bluhm is Associate Professor of Sociology at the Mississippi State University. He has written several articles which have been published in Rural Sociology, and with P. M. Shingi he has written a chapter in a book.     

浅析经济危机下的企业财务管理变革

本文就金融危机背景下中小企业财务管理存在的问题进行了分析,从加强现金预算管理、严格控制成本费用、优化筹资渠道、加强财务控制、降低投资风险等方面提出了建议.