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Full-Text Articles in Sociology
The Power Of Uncertainty: The Neoliberal Quest For Profit In Spain, Ismael Vaccaro Ph.D.
The Power Of Uncertainty: The Neoliberal Quest For Profit In Spain, Ismael Vaccaro Ph.D.
Journal of International and Global Studies
Using as a case study the consequences of the recent generalized economic crisis in Spain and Europe (2008-14), I propose to analyze the role of uncertainty as a key and recurrent ingredient needed by market economies to generate high levels of profitability at the cost of extremely high levels of social inequality. The present article examines the relationships between crises and uncertainty as socially constructed realities that have been instrumental in the political reshaping of entire societies. The “crisis” narrative has succeeded in explaining extreme levels of profit generation as economic “failure” and, consequently, in legitimating further profit by dismantling …
Current Economic Situation In Bosnia And Herzegovina, Goran Mirascic Ph.D.
Current Economic Situation In Bosnia And Herzegovina, Goran Mirascic Ph.D.
Journal of International and Global Studies
This article provides an overview of the current economic situation in Bosnia and Herzegovina. Beginning in the second half of 2008, macroeconomic conditions in B&H began precipitating a decline in economic activity. While the global financial crisis was among the factors contributing to this decline, it was far from the only factor. Problematic macroeconomic conditions were also a result of B&H’s own structural and political problems, caused largely by the shortcomings of a political entity comprising two autonomous entities. Due to such problems, the governments of B&H turned to the International Monetary Fund for assistance. This article analyzes the effects …
Nepal’S Civil War And Its Economic Costs, Gyan Pradhan Ph.D.
Nepal’S Civil War And Its Economic Costs, Gyan Pradhan Ph.D.
Journal of International and Global Studies
This paper estimates the macroeconomic effects of increased spending on defense and internal security necessitated by the decade-long Maoist insurgency in Nepal. An investment equation is specified to examine the relationship between defense spending and investment. The estimation results indicate that there is a significant negative effect of defense spending on investment. A simple Harrod-Domar growth relationship is used to estimate the effect of the increase in defense spending on economic growth. This analysis suggests that between 1996 and 2006, the opportunity cost of the conflict in terms of lost output has been about 3 percent of Nepal’s current GDP.