...Unveil the Mystery of Nordic Welfare Model: Features, Development and Its Implications for China 15 International Trade 王穗 Abstract The Nordic Welfare Model is proven to be a benchmark. Many authoritative institutes have conducted comparative cross-country welfare system studies, in which Nordic countries ranked high in terms of employment, unemployment benefits, economic efficiency, the growth rate of economy, price stability and so forth. The unremarkable economic performance of Nordic countries arouses attractions from all around the world. Meanwhile, the challenges it’s confronted with nowadays are paid close attention. The sustainability of Nordic Model is put under a severe test given the increasingly complicated international economic...
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...The Economic System in Denmark The Economic System in Denmark The current controversies that have developed in the welfare state of Denmark have been a concern throughout the world. As political systems shift, there have been questions as to the rise of unemployment, the sustainability of the country due to strict immigration laws, and the increase of discrimination cases. Having the responsibility to sustain the cost of its growing population through high taxes, while entering into a recession, the country had to “enhance adaptability” (Daemmrich & Kramarz 2010) and change the traditional method of assistances. Through the demographic shift of immigrants and refugees the political issue remained prominent, while this climate was based on immigrants not adopting the Danish value system and identity while integrating into Denmark. The economic changes across the globe have had an effect on the control of industrialization and the workforce in the country, as the business world becomes smarter by reducing costs through crossing borders. It has a negative impact on the policies for the welfare state and has raised the unemployment rates. “With the decrease of regulatory barriers in foreign nations, the economies have transformed increasing competition and welcoming foreign investment” (Hill 2005). Due to the current structure and lack of political momentum for reform, the spending on social protection grew exponentially. Recognizing the increased competition due to...
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...Russian Academy of National Economy and Civil Service under the President of the Russian Federation Faculty of Economic and Social Sciences Scandinavian model: advantages and contradictions of a welfare state Anna Olkova 3rd year student 2011 Table of contents Introduction 3 Chapter 1. The role of Scandinavian model in economic theory and practice. 5 1.1. Scandinavian model in civilizational context: incarnation of integralism. 5 1.2. Scandinavia in European economy: comparative analysis 10 1.3. Cultural preconditions for the Scandinavian model formation. 13 Chapter 2. Model performance and competitiveness: distinctive features 16 2.1. The role of public sector in Scandinavian economies 16 2.2. Peculiarities of labour market in Scandinavia 21 2.3. Human capital and innovations: learning economy 26 Chapter 3. Scandinavian model: challenges and threats 33 3.1. Demographic challenge: ageing of population versus public finance 33 3.2. Paradoxes of economic growth in welfare states 36 3.3. The problem of labour disincentives and decommodification. 38 Conclusion 41 Bibliography 43 Introduction In the light of a current trend of moving towards socialization in economy, Scandinavian experience stands out, being probably a unique example of building a highly-socialized and at the same time viable economy. The image of Scandinavian countries appears...
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...Module 8 part 1 Abdulwali saleh 10/31/2014 In the promise of Europe, Steven Hill has raised many points in many areas that he believes EU has been achieved. He compares those areas to the United States, and clearly in his book prefers the EU policy than that in the United States. After he mentions the three models, actually the forth models; THE USA, china, Japan, and the EU model, He believes that EU developed model is the best one for the world in the 21 century. In order to present the model as the suitable one, Steve stresses many points that EU pass out the USA and show how USA continues to miss lead the public and presents its model as the bet one. Among those issues that he has stressed, USA media and what has associated with it in term of European economy and American view , welfare and social system and what associate with it. Steven Hill stresses that because of American media and political leaders taken a model adaptation, in term of who is right or who is wrong, and which model beats the other. Instead take it, from the point that we just need to learn from together, and we have to teach together in order to save ourselves and the world as the whole. Taken for consideration that there are countries round the world who needs to get to where we are now, to have the same chance that we had have, but how they going to achieve it without burning the world, without global warming environment chaos, if our media until today doesn’t has a transparency...
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...€48 billion (HK$480 billion) and the gross issue of public debt €207.2 billion (HK$2085 billion). These are large sums compared with Spain’s GDP of €1.05 trillion (HK$10.69 trillion) 1. Figure 1 Source: Banco de España, General government liabilities. Excessive Deficit Procedure (EDP) debt, 11.6. Debt according to the excessive deficit procedure (EDP) and financial assets held by general government; http://www.bde.es/webbde/es/estadis/infoest/a1106e.pdf ------------------------------------------------- 1. Pedro Schwartz (2013), The Welfare State as an Underlying Cause of Spain’s Debt Crisis, Cato Journal, Vol. 33, No. 2 Actually before financial crises, Spain had experienced a long period of high economics growth. At the end of 2007, the fiscal position of Spain performed excellent. According to Eurostat, it was better than in the other three largest euro area member states Spain had a consolidated total government budget surplus of 1.9 percent of GDP, the third highest after Finland (5.2 percent) and Luxembourg (3.7 percent). But in fact it produced internal and external imbalances, which is a bubble. First, real interest were close to zero or even negative and at the same time householders wage grows with inflation rate, which made them think it was a good time to buy the house, but it also made the banks think it was a good time to give the mortgages. As a result, according to Eurostat, nominal GDP was growing at 6.5 percent per...
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...Sustainability 2010, 2, 3436-3448; doi:10.3390/su2113436 OPEN ACCESS sustainability ISSN 2071-1050 www.mdpi.com/journal/sustainability Review What is Sustainability? Tom Kuhlman 1,* and John Farrington 2 1 2 Agricultural Economics Research Institute, Wageningen University, P.O. Box 29703, 2502LS The Hague, The Netherlands Institute for Rural Research, Geography and Environment, University of Aberdeen, Elphinstone Road, Aberdeen AB24 3UF, Scotland, UK; E-Mail: j.farrington@abdn.ac.uk * Author to whom correspondence should be addressed; E-Mail: tom.kuhlman@wur.nl; Tel.: +31-70-3358-232; Fax: +31-70-3615-624. Received: 17 September 2010; in revised form: 15 October 2010 / Accepted: 19 October 2010 / Published: 1 November 2010 Abstract: Sustainability as a policy concept has its origin in the Brundtland Report of 1987. That document was concerned with the tension between the aspirations of mankind towards a better life on the one hand and the limitations imposed by nature on the other hand. In the course of time, the concept has been re-interpreted as encompassing three dimensions, namely social, economic and environmental. The paper argues that this change in meaning (a) obscures the real contradiction between the aims of welfare for all and environmental conservation; (b) risks diminishing the importance of the environmental dimension; and (c) separates social from economic aspects, which in reality are one and the same. It is proposed instead...
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...VERONICA ANULIKA OGBOO SOCIAL DEVELOPMENT STUDIES KPT/CASS/10/2073 COURSE: SOCIAL POLICY ASSIGNMENT ON ORIGIN OF SOCIAL POLICY An Introduction to Social Policy Social Policy Social policy is the study of social services and the welfare state. In general terms, it looks at the idea of the social welfare. And its relationship to politics and society. More specifically, it also considers detailed issues in Modem government is based on a social contact between citizens and the state in which rights and duties are agreed to by all to further the common intrest . citizens lend their support to a government through taxes and efforts to a country’s good. In return, government acquire legitimacy by protecting the people’s rights and through public policies that benefit all. However, policy making is often captured by powerful groups and elites. Making government policies based and accountable to the majority and citizens. With half the world’s population living below the two dollar a day poverty line. Ineffective social policies can be the spark for state breakdown. Lack of opportunity, authoritarian rule, gross inequity, exclusion and deprivation-all increase the likelihood of a state’s de-legitimization and withdrawal of its citizens support. Leading to social disintegration. Conflict and violence Social policy is an instrument applied by governments to regulate and supplement market institutions and social structures. Social policy is often defined as social services such as...
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...evolutionary perspective within its multidisciplinary scope. The complexity of developments for sustainability has frequently proven difficult in its implementation, evaluation and effective communication.It was our intention to provide an outline of the diverse views on the subject, focusing on globalization as a change of attitude towards sustainability.It is a review of terminology associated with the SD and its multiple interpretations.It is referenced the apparent and irrelevant impact of initiatives to solve the economic, social and environmental problem. It emphasizes the influence and importance of strategies and the positioning of SMEs on the way to SD in the policy of act local think global. KEYWORDS Strategy Sustainable development Sustainability, SMEs JERÓNIMO, WINSTON CENSE, Center for Environmental and Sustainability Research, Departamento de Ciências e Engenharia do Ambiente, Faculdade de Ciências e Tecnologia, Universidade Nova de Lisboa, Portugal OLIVEIRA, NUNO GASPAR DE CIGEST, Assistente Instituto Superior de Gestão, Portugal 1. INTRODUCTION “(R)Evolution or Death”, adapted from the revolutionary slogan used and popularized by the Cuban regime, serves as motto for the urgent need to transform our production and consumption systems and our standing towards the environment around us. In essence, Sustainable Development (SD) is a concern for creating opportunity and welfare conditions, today and tomorrow, equally in the aspirations of man and his basic needs,...
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...fierce foreign competitions. As an integral component of protectionism measures, placing tariff to goods produced abroad can exert drastic effects to the market by increasing the price for imported goods, and therefore lowering its supply. In addition to this consequence, the other stakeholders would also either benefit or lose from this type of regulation, since the tradeoff often occurs inevitably as a result of this change in government policies. In this case, as the article states, “The European Union imposed tariffs of as much as 42.1 percent on solar glass from China.” The imposed tariff would adds to price of each unit of the imported solar glass by the amount of tariff, which shifts the supply curve up from S(world) to S(world)+tariff, since the price for solar glass increases drastically from Pw to Pw+tariff The effect of this change is illustrated from the diagram below Because the Chinese solar glass producers do not receive the gains from the price increase due to tariff, and thus European domestic producers can raise their prices with increasing supply in order to compete with the foreign imports. The domestic producers benefits tremendously since they can sell a larger quantity of solar glass at a higher price. The revenue that domestic producer earn increase from 0 to Q2 at world supply price to 0 to Q3 at Pw+tariff. On the other hand, Chinese solar glass producers would receive less revenue from Q2 to Q5 at world price to only Q3 to Q4. This happens because of...
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...European Tourism Law (New policy) Table of contents Introduction I. Tourism in Europe a. Employment and growth i. Factors of growth b. Problems facing tourism ii. New destination iii. Environmental destruction II. Lisbon Treaty III. European Travel commison c. Members d. President e. Activities IV. Renewed European tourism policy. f. Mainstreaming measures affecting tourism iv. Financing g. Promotion of sustainable tourism h. Improving understanding and visibility of tourism V. Conclusion Webliography Appendix Introduction Tourism overview Tourism is a sector that is growing rapidly in European Union is as well a key sector in the European economy. The European Union recognizes the potential of tourism to generate employment and growth. The variety of attractions and quality of its tourism services made of Europe the world leading tourist destination. Tourism is therefore an activity which can play an important role in the economic sector in Europe. The EU tourism industry generates more than 5% of the EU GDP, with about 1,8 million enterprises employing around 5,2% of the total labour force (approximately 9,7 million jobs). When related sectors are taken into account, the estimated contribution of tourism to GDP creation is much higher: tourism indirectly generates more than 10% of the European Union's GDP and provides...
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...Unit 6 CASH BENEFITS 6.1. Efficiency and equity in retirement pensions 6.2. Efficiency and equity in unemployment benefits 6.3. Efficiency and equity in poverty relief INTRODUCTION New unit → 1st Economic fundamentals of the Welfare State 2nd Welfare State programs cash benefits in-kind benefits - There is a complex set of cash programs - Quantitative and qualitative differences Some of the most important goals of the WS are channeled through cash benefits - income and consumption smoothing - insurance - poverty reduction - redistribution - social solidarity Main questions - What justifies public pensions? - What are the main schemes? - Is capitalization (funded pensions) a viable alternative? 1. INSURANCE, EFFICIENCY AND EQUITY IN PUBLIC PENSIONS a) Efficiency - Any individual should achieve an efficient level of retirement income → rational insurance ⇒ a risk averse individual will buy future pensions if the net price of insurance is lower than the value given to certainty Public o private pensions? Private markets are efficient if there is perfect competition, perfect information and no other market failures. Conditions (a follow-up): 1.- independent probabilities 2.- known probabilities (less than one) 3.- no adverse selection 4.- no moral hazard Inflation → private markets cannot supply insurance against unanticipated inflation (to guarantee the real value of pensions) : 1.- the probability of future levels of inflation is unknown 2.- inflation is...
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...Sweden and new age of globalization In the last recent years, world trade had an outstanding growth in domestic product leading to spread more about the word ’’globalization’’. However, the new market’s demand is reason of this development, yet the trade practices reduction that prevent movement of services from one state to another thru World Trade Organization (WTO) had an important impact on this growth in world (Christopher, 2011). In the start, globalization recognized as a solution to insufficiency and assistance to overcome the inadequacy, however, this view has changed after the US Presidential election speech in 2008 and globalization became a concern for both the U.S and Europe stated (Mandelson, 2008). Therefore, challenging those who state that ‘’the boom is not sustainable’’ is what Mandelson attempted to deliver. So in this paper I’m going to evaluate the globalization’s effect on Sweden’s economy & industry and will compare the achievement with Mandelson’s view. Let’s start with he’s opinion on Europe’s social models which are considerably well managed and in favor of globalization compared to the models from the states. Over the last decades, Europe attempted to come up with new social and economic model in order to handle the challenges exposed by the globalization. And one of the countries which could cope successfully with globalization challenges was Sweden by proposing ‘’Swedish model’’. This model defines that ‘’ it is perfectly possible to uphold and...
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...compliance with the law. economic globalization brought high complexity of legal regulations increase the risk of laws being broken. potential damage to reputation Publicity spreads fast through communication channels. (Internet! Out of control) - by being corporate responsible a company can gain a high competitive advantage: - externally through company’s clean and good reputation - internally through employee engagement •Integration of sustainability throughout the entire value chain creating an added value for the company, the environment and society definition from the European Commission states CSR as a “concept whereby companies integrate social and environmental concerns in their business operations and in their interactions with their Stakeholders on a voluntary basis.” 6 multinational companies, by doing our research we saw that codes of conduct are really similar in all of them H&M •“CONSCIOUS” – principles Provide fashion for conscious customers - Offering conscious collections that combine fashion and sustainability Choose and reward responsible partners - Teaming up with NGOs - Promoting better working conditions: training of over 400.00 farmers in Bangladesh on their rights since 2008 Be ethical - Implementation of new global anti-harassment policy - Code of ethics - Protecting data Be climate smart - Reduction of green house gas emissions - Promoting energy efficiency in the supply chain Reduce, reuse, recycle - Collecting used garment in stores...
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...1. Introduction A paradigm shift currently indicates the global challenges that industries are facing and more companies are pressured to embrace sustainability as business conditions change. However, only recently corporations started integrating sustainability as the part of their business strategy as they came to recognize that it is an essential part in growing and establishing themselves as the leader in the competing environment. A well-executed sustainability strategy can enhance the company’s value and reinforce competitive advantage in the market while protecting the capital base. The balance of power has shifted between corporations and it is important to balance economic prosperity along with environmental and social dimensions. Sustainable business strategy represents a marked shift in traditional business practices and companies who do not adapt to the changes in these practices in order to achieve sustainable profitability will be more likely to face the brand value decline or even extinction in the future. For instance, the change represents the need to understand how all three dimensions affect each other and companies ought to consciously create new consumer preferences. However, a lot of companies still are missing guidelines to implementing a marketing strategy of sustainability as an essential part, which is at the core of ensuring organizational, social, economic and environment growth while managing overconsumption issues (White, 2011). Current researches...
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...This article was downloaded by: [University of Southampton Highfield] On: 15 March 2013, At: 09:07 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Post-Communist Economies Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/cpce20 Debt sustainability in the EU New Member States: empirical evidence from a panel of eight Central and East European countries Matthieu Llorca & Srdjan Redzepagic a b a b LEG/FARGO, University of Dijon, France CEMAFI, University of Nice-Sophia Antipolis, Nice, France Version of record first published: 16 May 2008. To cite this article: Matthieu Llorca & Srdjan Redzepagic (2008): Debt sustainability in the EU New Member States: empirical evidence from a panel of eight Central and East European countries, Post-Communist Economies, 20:2, 159-172 To link to this article: http://dx.doi.org/10.1080/14631370802018882 PLEASE SCROLL DOWN FOR ARTICLE Full terms and conditions of use: http://www.tandfonline.com/page/terms-and-conditions This article may be used for research, teaching, and private study purposes. Any substantial or systematic reproduction, redistribution, reselling, loan, sub-licensing, systematic supply, or distribution in any form to anyone is expressly forbidden. The publisher does not give any warranty express or implied or make any representation...
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