Journal of Economic and Social Thought
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Addressing Bad Management Practices in a Family Owned Oil Field Environmental Organization: A Longitudinal Case Study of a Management Turn Around
Get PDFAbstract. Bad management practices can plague any organization and can be an on-going challenge for organizations of all sizes. In the case of Extra Environmental, Inc. (EEI), bad managementhas had a more significant impact as it permeated throughout every major department in the company. A culture of bad management has entrenched itself at EEI, while the ownership partners operated as if bad management practices were a byproduct of the oil and gas industry. A case study, used to undertake this report was based on the uniqueness of the parameters and specific measures taken to address the challenges. The case study identified five (5) key problems, as detailed below, that was studied, diagnosed, and addressed, to meet this case study’s objectives. This case assessed the steps employed to address the specific bad managementpractices, and to gain an understanding of what good management looks like so corrective actions can be employed to aid an organization. The strategies and activitiesundertaken in this study focused on not only fixingbad management practices, but also to create strong management functions inan organization and stabilize their workforce and grow the organization. Cultural and change aspects were also key factors in this study in that they are foundational components that must be addressed to gain any level of success in turning around bad management practices at an organization. Thus, a compilation of diagnosis, corrective actions, change, and culture were identified as the key success factors in this study as well as the support given by many of the literature resources used in this study. It was the financial impact, as well as other major problems identified in the due diligence process, that created the rationale for this case study.Keywords. Management practices, Environmental Organization, Management.JEL. E01, Q00, Q50
Steve Cohen, William Eimicke, and Alison Miller, Sustainability Policy: Hastening the Transition to a Cleaner Economy
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Immigration in Empirical Facts and Statistics
Get PDFAbstract. In the modern world of globalization, we speak of a “global village”, but there always remain some regional fix points. Therefore we do not know exactly what role we have in the future as a society in a globalized world. The globalized world is like a small village: On the one hand, everyone knows what happens in the village, but in other hand, other social differences remain in the same sizes. Therefore in the future some components will always remain in the same form, such as poorness, richness, good, evil, war and peace. Today, prosperity of population in Western societies shows an increasing drift. But no one can guarantee that they will remain so forever in the future. The statistics and existing conflicts show that many problems in the world will always remain. Humanity will be able to realize their dreams of space only in part. And yet, many things will remain as in the Stone Age. The focus of this paper is to consider this matter from a realistic and humanistic point of view.Keywords. Immigration, Cultural Clashes,Human Rights, Integration, Globalization, Poverty, Slaver
Some Geographical Aspects of Rural Development with view of Montenegro: A Review
Get PDFThe paper discusses some geographical aspects of rural development with view of Montenegro. According to development of a heterogeneous, rural areas lag behind the urban and industrial, so the problem must be given more attention. In this regard, the European Union provides a powerful impetus to social and territorial cohesion of rural areas and attempt to provide a more efficient valorization of local development potential, in accordance with the principles of sustainable development. Privacy and promote rural development in Montenegro is in the interest of the whole society, and investing in the range of industries in rural areas increases their attractiveness, encourages sustainable growth and employment opportunities, especially for young employees willing and able to accept the new philosophy of development
Norman Schofield & Gonzalo Caballero (Eds.), The Political Economy of Governance: Institutions, Political Performance and Elections
Get PDFAbstract. This edited conference volume is another from Springer on the Studies in Political Economy under the editorship of Prof. Norman Schofield, the Dr. William Taussig Professor of Political Economy Professor, Department of Political Science at Washington University. Political Economy is a fast growing field that uses the logic of economics to study issues pertaining to politics and governance and of which Prof. Schofield has been one the most prolific contributors over the last four decades. This volume brings together the papers presented at the Political Economy of Governance, Institutions and Elections workshop that took place in Baiona, Spain in April 2014. Political Economy is a vast and growing field as such this volume is only representative of the many issues and the modelling techniques—both theoretical and empirical—used to address them. The topics and issues addressed in this volume span a great variety of subjects covering—as the title indicates—issues dealing with governance, institutions and elections. The chapters in this volume are not only innovative, but they challenge and engage the reader into thinking more deeply about the issues addressed. One of the major characteristic of this volume is that most papers directly or indirectly contest the existing body of knowledge by either providing alternatives ways of thinking about a problem not addressed in the main stream literature or by studying issues that have up to know been ignored in the literature. This review is organized as follows. Section 1 gives an overview of how institutions work or change over time within a country; Section 2, those dealing with different aspects of democracy and Section 3 those dealing with the workings of elections. Concluding comments are given in Section 4.Keywords. Political economy, Institutions, Democracy, Elections.JEL. F50, D72
Baudrillard Goes to Kyiv: Institutional Simulacra in Transition
Get PDFThe transition process in Central and Eastern Europe and the former Soviet Union from 1989 onward has been focused on the reform of institutions in order to re-orient the economy. However, throughout the former Soviet space, “transition” has been merely a label for many countries, covering the reality of a fundamental lack of change in either political or economic institutions. Using the idea of simulacra and simulation, first posited by philosopher Jean Baudrillard in 1981, I show how institutional change in transition for some prominent “transition economies” has proceeded through stages in simulation. In particular, using examples from Central Asia and Ukraine, I examine how crucial institutions have changed from a perversion of reality into symbols that are divorced from any reality. Current events in Ukraine show that institutional simulacra can exposed when an exogenous reality forces its way through.Keywords. Institutions, simulacra, transition, Ukraine.JEL. B25, B52, Z13
Nationalist Movements in the Balkans and Ottoman Government
Get PDFThe 19th century was a century where the Balkans were reshaping by ideological and cultural polarisation. Until this century, the Ottoman Empire have maintained its multireligious, multilingual and multicultural structure without a problem. However in this century, the nationalist uprisings have caused a change in the Empire’s borders, leading to a Balkan region where Ottoman Empire has almost no presence. Notions that came with the French revolution such as freedom, motherland, nation and the policies of major European states have also affected the separation process. It would be possible to divide Ottoman foreign policy at the time into three eras. The first era is the time until 1865 was the time where the Empire was no longer unrivalled. The second era until 1878, was the era where the Empire guaranteed its territorial integrity and independence via Paris Peace Treaty in 1856. And finally the third era between 1878 and 1908 mainly focused on the balance policies to preserve its territorial integrity. In this era where the Empire was unsettled and vulnerable against interference the policies were based on integrity of the state. Ottoman state governors have tried to attune to the European system which was formed by 1815 Vienna Congress. They have seen internal and external administration as a whole and seeked for a new political culture and identity that can coexist with traditional and western values. They have tried activating the connective power of religion and use religion as a common bonding factor against attacks from Europe. As an external policy, a balance policy that works with the rising powers of the era and makes use of the adverse interests masterfully was being followed. After the 1877-1878 Ottoman Russian War, as a result of the immigration policies, the situation of the Muslim community was a determinant in the formation of new policies. Railways were used both as a tool of development and external policy. While keeping diplomacy in the foreground, blocks, polarisation and wars were avoided. These policies were not enough to save the state, however extended the life of it. This study primarily puts emphasis on notions related to nationalism. Furthermore it aims to explore the Balkan nationalism, which led to the end of the Ottoman Empire and characteristics of the Ottoman state policies at the time
Analysis of Poverty Trends in Ghana
Get PDFThe analysis of poverty incidence in Ghana suggested that Ghana has made huge progress in the area of poverty reduction as the country has achieved many of the Millennium Challenge Goals (MDGs). Poverty in Ghana has trended downwards for a decade now as evidenced from Ghana Living Standard Surveys conducted since 1987 to the latest GLSS6 conducted for the period 2012/2013.Poverty at all levels has gone down in the country according evidences from the analysis of the various living standard surveys conducted in Ghana. It is expected that if Government continues to pursue its current pro-poor economic policies aimed at achieving the MDGs, then poverty levels in Ghana will even trend down further in the coming years. Government policies towards poverty reduction should continuously target the vulnerable, socially and financially excluded in the past from growth and development in the country
Transcending the Trend of Financialization: The Heterodox vs. Islamic Economics View
Get PDFAbstract. The paper aims to link three prominent issues relevant to the financial world today – the mounting level of financialization, heterodox perspective on functionless investors, and compatibility of Islamic principles to heterodox thinking particularly in regards to interest and uncertainty. Examining the vast array of burgeoning literature the paper argues that the trend of financialization in the capitalist countries has created a new class of capitalist with huge accumulation of wealth ensued merely from financial transactions. Income gap between the rich and poor has widened which is at odd with heterodox perception of equality among social classes. In the Marxian and Keynesian traditions, there is little room for functionless investors to expropriate surplus earned by working and entrepreneurial classes particularly through financing means or rent. We find Islamic prohibition of interest and uncertainty compatible with this heterodox thesis. Islam does not allow rentier income from interest; rather it encourages profit and loss sharing financial contracts so that uncertainty involving with the future income is shared by contracting parties.Keywords. Financializaiton, Heterodox economics, Islamic finance, Interest, Uncertainty.JEL. B51, G15