Era Of Liberalization Research Articles

Rate of Return (RoR) and Return on Investment (RoI) of Indonesia and India

In the era of globalization and economic liberalization, cross-border investment has become the main strategy for developing countries to increase their economic growth and global competitiveness. This research aims to explore and compare RoR and RoI in Indonesia and India and identify key factors that influence the differences in RoR and RoI between the two countries. This research method uses literature study and conceptual analysis to collect and analyze data from various sources. The research results show that the comparison of RoR and RoI between Indonesia and India involves various factors such as macroeconomic conditions, infrastructure, political stability, investment regulations, labor market, market, and industry, as well as innovation and technology. The two countries show significant differences and similarities in these factors, which influence investment returns. Indonesia has relatively good political stability and a developed capital market, while India stands out in the technology sector and economic reform. However, challenges such as complex regulations, inadequate infrastructure, and fluctuations in currency exchange rates remain obstacles to achieving optimal ROI for investors.

Identity and Nation in Coca-Cola's Thanda Narratives in India: A Semiotic Study

When Coca-Cola re-entered the Indian market in the era of government-initiated liberalization, privatization, and globalization in the 1990s, one of the major challenges it faced was to again penetrate the Indian soft drinks market and acquire a considerable market share over a period of time in view of the fact that it was a foreign brand which had pulled out of Indian market owing to unfavorable legislations in 1977. Given this scenario, Coca-Cola, despite being a global brand with a high recall value, faced tough competition from popular Indian brands like Thums Up, Limca, and Gold Spot, which enjoyed a larger market share during the early 1990s. To meet this challenge, Coca-Cola launched a series of television commercials in Hindi, the national language of the country, featuring its brand ambassador, Aamir Khan, a popular Indian actor. Considered to be one of the most creative and popular advertisement campaigns of its times, the commercials specifically aimed to create a favorable narrative for Coca-Cola in the minds of Indian consumers. All the different versions of the commercial had a common but powerful punch line, which played a major role in positioning the brand at par with the long-standing Indian brands in the market. This research article undertakes a semiotic analysis of the commercials, particularly with the aim of establishing the narrative(s) they offered and how that narrative was instrumental in giving Coca-Cola the makeover it needed to compete with the Indian brands.

The Reddit cannabis subjective highness rating scale: Applying computational social science to explore psychological and environmental correlates of naturalistic cannabis use.

Social media data provide unprecedented access to discussions of active, naturalistic, and often real-time cannabis use in an era of cannabis policy liberalization. The aim of this study was to explore psychological and environmental correlates of cannabis effects by applying computational social science approaches to a large dataset of unprompted reports of naturalistic cannabis use with corresponding self-reported numerical ratings of subjective highness. Post title text was extracted via the Pushshift dataset from N = 328,865 posts to the r/trees Reddit community, where posters self-assess and disclose how high they feel on a scale from 1 to 10 (M = 6.9, SD = 1.8). Structural topic modelling and Linguistic Inquiry and Word Count (LIWC) dictionary-based approaches were applied to identify (1) frequently discussed topics and (2) text indicative of 5 psychological processes (affective, social, cognitive, perceptual, biological), respectively, as well as to examine relationships between subjective highness and (1) topic prevalence and (2) psychological process word counts. A 40-topic model was selected for interpretation based on semantic coherence and exclusivity. The most discussed topics in a 40-topic model were characterized by references to smoking places, social contexts, positive affect, cognitive states, as well as food and media consumed. In LIWC dictionary analyses, words mentioning affective, social, and cognitive processes were referenced more often than perceptual or body processes. Posters reported greater subjective highness when using language that referred to in-person social environments and lower subjective highness when using language that referred to online social environments and positive affect psychological states. This examination of unprompted online reports of naturalistic cannabis use identified textual content referring to affect and to other people as being associated with perceived effects of cannabis. These affective and social aspects of the cannabis use experience were salient to active posters in this online community and should be integrated into experience sampling methods and behavioral pharmacology research, as well as public health messaging.

Estimating The Financial Repression Index for The Economy of Bangladesh: A Principal Component Analysis

Financial repression was a common practice in the past, but it became less common during the liberalization era of the 1980s and 1990s. With the rise in financial sector vulnerability following the Asian financial crisis, the Global Financial Crisis, and the COVID-19 pandemic, repressive policies have once again become popular. Bangladesh, for instance, has imposed administrative interest rate ceilings. This study aims to assess the extent of financial repression on the economy of Bangladesh, using annual time series data spanning from 1973 to 2022. An aggregate financial repression index was calculated using the principal component analytical method, including the major policy variables such as real deposit rates, interest rate restrictions, capital account restrictions, the share of state-owned commercial banks in total loans, and statutory liquidity ratio. The reliability and validity of the results were tested by comparing them with the index calculated using different policy variables. The index of financial repression indicates that Bangladesh’s financial sector has undergone considerable liberalization, yet it remains subject to some degree of repression. In recent times, financial repression has intensified, particularly following the imposition of lending rate ceilings in the wake of the outbreak of the COVID-19 pandemic. Policymakers are in a position to take proper measures to liberalize the financial sector and ensure financial stability.

У войны – женское лицо. Образ женщины в советском военно-патриотическом кино периода Оттепели (1954–1964)

The aim of the article is to identify the main features that make up the image of women in the military-patriotic cinema about the Great Patriotic War on the big screens of the USSR in 1954–1964. In recent years, the interest of scientists (sociologists, historians, art historians and culturologists) in the study of the problems of the reflec-tion of the historical past in cinema art has grown tremendously. The study briefly analyzes feature films made by Soviet directors during the Thaw. Based on the methods of visual anthropology and imagological tools, the image of a Soviet woman in the war is defined, as well as the features of its representation that correspond to the historical realities of the era of liberalization of public relations. It was during the Thaw in Soviet cinema that the approach to the military genre was changed: now in the foreground are not monumental ideological values, not the relief heroism of war films of 1941–1945, but the victims and hard-ships of war, trials and hardships, the destroyed destinies of millions of Soviet people.

From toxic industries to green extractivism: rural environmental struggles, multinational corporations and Ireland’s postcolonial ecological regime

ABSTRACT This article articulates the historical entanglement of Ireland’s big tech ecosystem with earlier forms of economic development and state-sanctioned polluting practices, particularly focusing on strategies for attracting multinational companies since the 1960s. The outsourcing of polluting multinational industries to Ireland’s rural regions has a long history, one tied into fault-lines of the country’s postcolonial condition and developmental economy in the 1970s and 1980s. During this era of economic liberalisation, Ireland’s environmental politics were frequently organised against the outsourcing of toxic chemical, pharmaceutical, and technological industries to rural Ireland. Ireland’s position as a western European nation-state undoubtedly means that wealth accumulated via these industries merits complicity in the global supply chains sustaining “green” extractivism in the Global South. But rural Ireland also bears an uneven share of responsibility for these industries, whose destructive externalities are often imposed on these places through large-scale infrastructures. Historical struggles for environmental justice in these rural sites foreground access to land, livelihoods, health, and cultures of place. Contributing to recent debates on the colonial endurances of contemporary “green” development, we argue that these rural movements should be a starting point for a “just” transition attuned to anti-imperialist goals in Ireland.

Proposal of a Strategic Decision-Making Methodology of a Rail Passenger Carrier in the Liberalization Era

Strategic managerial decisions have a fundamental impact on the company's existence. Intense competition requires managers to act quickly and take qualified strategic decisions. The liberalization of transport services in the public interest represents a big challenge for managers of railway undertakings in which they will have to make important strategic decisions. The aim of the article is to introduce the methodology for strategic decision-making and it is based on the ideas of the Art of War, on the management theory and on the results derived from a questionnaire survey and from structured interviews with managers of railway undertakings from Slovakia, the Czech Republic and Croatia. The methodology is a welcome guide for managers when making strategic decisions.

Digital Revolution and Democracy in Africa: Freedom of Expression Revitalized

The advent of Information and Communication Technologies (ICTs) has revolutionized the daily lives of Africans, particularly in the areas of governance and politics. The main objective is to show that ICTs have fostered freedom of expression in Africa. Explanatory and demonstrative methods have been used to show firstly that ICTs are socio-political transformers, secondly that ICTs have created the possibility of free expression in Africa, and thirdly that ICTs make democracy and good governance effective in Africa. In politics, ICTs have ushered in a new era of information liberalization, which in turn has led to effective freedom of expression on the African continent. However, it is important to control the use of these technologies if they are to be a lever for democracy and good governance. The political participation of Africans in the digital public sphere requires us to adopt a dynamic approach that accepts a concept that varies in time and space, depending on the means available to individuals at a given moment. The advent of the Internet has profoundly changed the way Africans act and, in a space of a few years, has become an important vector for communication and political action. The revolution brought about by the new electronic means of communication has made relations between members of the community much more fluid.

Women's Empowerment and Participation in Islamic Financial Planning Diversity, Equity and Inclusion: Evidence from Maqasid al-Shari`ah

The study places a strong emphasis on women’s empowerment, given the quick changes in society that are occurring right now. Many women are pursuing various sorts of employment, including self-employment, in this era of economic liberalization and women's empowerment. However, this study aims to investigate the connection between Islam and women's empowerment by examining Maqasid al-Shari'ah perspectives on this matter. To have a thorough understanding of Islam and women's empowerment, it is imperative to consider the role played by women in the financial sector and their contribution to economic progress. Using an experiment, this study examined the relationship between confidence, gender, and race in dealing with a financial planner among various groups and races with colour and creed. The study's implications are significant for comprehending the obstacles and chances that under-represented groups encounter in pursuing financial planning success. The alignment of industry measures to raise the proportion of women and persons from varied backgrounds in the financial services sector led to the focus of this study on women and diversity. This essay examines the primary factors influencing diversity and the place of women in various financial management, CSR, and external corporate governance roles. This research also focuses on women's leadership and social diversity, focusing on female managers committed to fostering and maintaining equity and diversity inside their organizations. This study demonstrates how women plan financially for retirement based on psychological concepts and sociodemographic variables, highlighting the importance of financial management and planning for women. It showed a strong correlation between the investor's choice of investments and the strong relationship between the women's decision-making processes on the mental and financial levels. To assess the core idea of Maqasid al-Shari’ah from primary and secondary Islamic knowledge sources, which serves as a model for women's empowerment, and to pinpoint the obstacles to women's empowerment and participation in Islamic financial planning in terms of diversity, equity, and inclusion, this study employs the qualitative method.

Sustainability of Farmer Producer Organisation’s – Major constraints in functioning of FPO in Tamil Nadu, India

The concept of group formation and collectivization by organizing at the regional level is very important in the era of globalization and free trade liberalization. FPOs organize small farmers for forward linkages such as collective, marketing, processing, and market-driven agriculture production, as well as backward linkages for inputs like seeds, fertilizers, credit, insurance, knowledge, and extension services. Even though FPOs are doing well, still they face lot of challenges and struggle for their sustainability. Keeping these factors in view, the current study was done to determine the constraints, that Farmers' Producers Organization (FPO) faced for sustainable functioning. The study was conducted in Pennagaram block of Dharmapuri district in Tamil Nadu. 100 members of FPO were selected for the study. The interview schedule is used to collect the data. Rank Based Quotient (RBQ) was used to analyse the data collected. The results showed that lack of initiatives among the FPO members with the RBQ score of 83.83 under personal constraints, lack of well-developed processing facilities with the RBQ score of 90.00 under infrastructural constraints, lack of crop insurance facilities with the RBQ score of 93.00 under economic constraints, high transportation cost with the RBQ score of 95.17 under marketing constraints, weak economic status to run the organisation with the RBQ score of 86.38 under organisational constraints and lack of timely, cheap and good quality inputs with the RBQ score of 94.00 under technical constraints were the major constraints faced by the FPO members. Initiation among the FPO members, well developed processing and marketing facilities in their villages, provision of crop insurance for affected farmers, tax exemption, inclusion of their millets production in ration shops for supply are the suggestions expressed by the FPOs for their sustainability.

Economic Analysis of the Determinants of Citrus Exports in South Africa Post the Era of Trade Liberalisation

The purpose of the study was to analyse the determinants of South African citrus exports post era of trade liberalisations using secondary data from 1996 to 2018. The Johansen Cointegration model was used to test the long-run relationship between the citrus export and the determinants in the post era of trade liberalisation and Ordinary Least Squares regression was used to determine the relationship between citrus export in South Africa and the selected determinants post the era of trade liberalisation. The results of the Johansen Cointegration model show the existence of a long-run equilibrium relationship between citrus exports and the determinants of South African citrus exports. The Ordinary Least Squares regression results provided evidence that citrus production and citrus world market prices are the major influencers of citrus export in South Africa. The Department of Agriculture and the Citrus Associations should make initiatives to ensure an increase in citrus production by promoting development programmes for the citrus producers.

Regional Disparities in Agriculture Development in Haryana during Post Liberalisation Era

The main objective of the present study was to examine the district-level regional disparities in the agriculture development of Haryana. The study computed an agricultural development index using the Wroclaw taxonomic method, selecting 23 key agricultural indicators. The finding confirmed that the agricultural disparities had widened over the period in Haryana, where Yamuna Nagar and Kurukshetra districts had a high level of agricultural development. In contrast, Mahendragarh, Nuh, Rewari, and Bhiwani lagged in agricultural development. In addition, northern Haryana was prosperous in agricultural development, except for Panchkula and Panipat districts and the southern state had fallen behind in agricultural development, except for Palwal and Faridabad. The government should focus on lagging indicators in low and low-middle-developed districts to achieve balanced regional development

THE EFFECT OF INDONESIAN SPICE EXPORT TRADE LIBERALIZATION ON COMPETITIVENESS AND COMPETITIVENESS IN INTERNATIONAL MARKETS

Since long time ago, Indonesia has had a comparative advantage because of its geographical advantage in spice commodities. In the era of liberalization, in order to be competitive in the same industry, Indonesian spice commodities must increase their export share by having a distinct advantage compared to competitors from other countries. Therefore, the purpose of this study is to determine the effect of Indonesia's trade liberalization based on competitiveness with competing countries and the level of competition for Indonesian spice commodities in the international market. The analytical methods used are Revealed Comparative Advantage (RCA), Export Similarity Index (ESI), and Export Overlapping Index (IEO) which are discussed descriptively using secondary data from UNComtrade for 1989-2021. Trade liberalization is indicated by Indonesia's entry into the WTO, AFTA and ACFTA. The results of the analysis show that even though Indonesia has very strong competitiveness, the existence of trade liberalization is not enough to increase Indonesia's competitiveness because the international market is increasingly open. The level of competition for Indonesian spice exports with its competitor countries tends to decrease. The existence of trade liberalization makes each country increase its trade specialization in order to expand its market share. Indonesia needs to improve quality as well as standardize and increase differentiation for spice products in order to maintain and expand its market share so that it can be competitive in the international market.

Industrial policy matters: the co-evolution of economic structure, trade, and FDI in Brazil and Mexico, 2000–2015

The early work by Kuznets and Chenery originally developed the theme that economic development was not simply a synonym for aggregate GDP growth, but entailed qualitative changes in the structures of production, employment, and consumption. Later work in international business and economics explored the co-evolution between FDI and economic structure. We investigate the co-evolution between FDI, economic structure and export structures in the two largest Latin American economies, Brazil and Mexico, over the period 2000–2015. Both initially followed similar development strategies during the import-substitution era. During the liberalization era they followed somewhat different strategies towards maintaining the competitiveness of domestic actors. In addition to the analysis of key indicators, we discuss the role played by industrial policies—or their absence—within Brazil’s and Mexico’s development strategies. Industrial policy instruments, such as infant industry protection, subsidies, tax and financial incentives, as well as performance requirements may be crucial to shift the economic structure in the direction of the desired industries. Tracing the co-evolution between FDI and economic structures, even in the absence of statistical rigour to support causal claims, provides interesting insights for industrial policy in the twenty-first century.

ANALISIS TAX HOLIDAY DAN FUNDAMENTAL PEREKONOMIAN NEGARA TERHADAP FOREIGN DIRECT INVESTMENT (FDI) DI ASEAN-9

In the current era of liberalization, openness to foreign capital is an important factor affecting the economic performance of a country. Foreign Direct Investment (FDI) is an important source of capital for developing countries including ASEAN member countries. This study aims to determine the effect of taxation factors, namely tax holidays and corporate income tax rates, as well as non-tax factors, namely political stability and security, regulatory quality, domestic market size, macroeconomic stability, and labor availability on FDI flows in ASEAN. This study uses panel data regression. Research data is secondary data in the form of 2010-2019 period from 9 ASEAN member countries. The results of this study indicate that taxation factors, namely tax holidays and corporate income tax rates, have no effect on FDI flows. Meanwhile, for non-taxation factors, the quality of regulations and regulations, the size of the domestic market, and macroeconomic stability have an influence on FDI flows. Other non-tax factors, namely political stability and labor availability, have no influence on FDI flows in these countries.

REVERBERATION OF PANDEMIC MIGRANT FOOTPRINTS AND POLICY MANIFESTATION: A PROGRESSIVE STATE APPROACH OF NORTH-EAST INDIA

This is the defining moment of our generation. We are facing a global health crisis, one that is killing people, spreading human suffering, and upending people’s lives. The Covid-19 pandemic and sudden global lockdown across nations has brought migrant livelihoods to a halt. The headlines around Covid-19 are enough to scare us witless. The migrant crisis brought to the fore the unfulfilled obligations of the governments to restore work to its most vulnerable citizens in the era of economic liberalization. The migration debate has become central to political circle which largely involves rehearsing to false dichotomies whereas migrants are in continuous drift. Debate is just not restricted to utility of limited public funds. We have to create an ‘island of opportunities’ in this ‘ocean of distress’. The research poses the questions, namely: 1. How did immigration occur in North-east India? 2) How were the debates relating to migrants from North-east India? 3) How did the government of North-east India respond to the situation of migrants from North-east India during the Covid-19 pandemic? It was found and concluded that growing rural distress with agricultural failing leading to heavy debt burdens was the primary reason of immigration in North-east India. “The Assam Accord” signed between the “Government of India” and the “Leaders of the Assam Movement” in 1985 effectively legitimized all immigrants entering Assam before 24, December 1971. The SHG’s under National Rural Livelihoods Mission (NRLM) and Assam State Rural Livelihoods Mission (ASRLM) had adopted series of remedial measures during the Covid-19 pandemic for people, including migrants from North-east India.

Impact of Global Food Price Escalation on Poverty in South Asian Countries

The objective of this paper is to examine the impact of global food price escalation on poverty in South Asian countries since 1990 to 2011. Panel data procedure has been applied for empirical analysis. Panel unit root tests have been utilised before the application of panel co-integration. Poverty is measured through revealed behaviour approach which is considered better than other approaches, as it is based on the actual consumption made by the households. The present study uses actual average household consumption to measure poverty. Empirical results reveal that global food price escalation and per capita income positively and significantly affect average household consumption, which is the clear indication of poverty decline. International oil prices and interest rate significantly but negatively affect the average household consumption in South Asian countries. Findings of this study will be helpful for formulating effective public policies for poverty reduction in the era of trade liberalisation. JEL Classification: E31, F410, I32 Keywords: Food Price Escalation, Poverty, Oil Prices, Per Capita Income, South Asia

Urbanization in Maharashtra and West Bengal in the Post - Liberalization Era

Urbanization in Maharashtra and West Bengal in the Post - Liberalization Era

Analysis of Profitability of Maharatna Central Public Sector Enterprises in India during the Post- Liberalization Era through Technical Efficiency Scores (TES)

Maharatna companies act as life line of any developing nation like India. It acts as the key to achievement of sustainable development and inclusive growth. The Government of India first introduced Maharatna Scheme in February 2010 with the objective to make India self-reliant in several core sectors. The main objective behind introducing this scheme was to provide autonomy to the identified large sized Navaratna companies so that this company could expand their business activities in domestic as well as in foreign markets. The profitability or earning capability is the basic measure of operating efficiency of a business. In fact, profitability shows the ultimate results of various policies and decision which were taken by the companies during its normal course business operations. A PSE can discharge its social obligations better if it operates in a profitable manner. In this research study data envelopment analysis (DEA) technique was applied to evaluate the profit earning capability of the Maharatna CPSEs. The ratio of mean to standard deviation of technical efficiency score (TES) has been calculated to make inter firm comparison in respect of consistency of the profit earning capability of the companies. The nature of trend of TES of the selected companies have been analyzed through linear trend equation which have been fitted during the study and to examine the significance of the slope of the trend line |t| test has been applied. The study discloses a wide variation in TES score between the companies selected for the study. Based on calculated composite score, CIL captures the top-most position while HPCL finds place in last bench.

NPA status of Indian banks in pre and post liberalization era

NPA status of Indian banks in pre and post liberalization era