Liberal Policy Research Articles

THE FINANCIAL LIBERALIZATION POLICY AND ITS IMPACT ON THE GROWTH OF SMALL AND MEDIUM ENTERPRISES

The country's development is mainly concerned with the foundation of a stable economy. An efficient financial system is mandatory for the development of solid economy. Small and Medium Enterprises (SMEs) are essential in stabilizing the economy. This is remarkably accurate in emerging economies like Pakistan. The objective of financial liberalization is to facilitate financing access and stimulate investment. However, the impact of this policy on SMEs can vary based on factors such as the regulatory framework, market structure, and institutional support. Therefore, it is crucial to assess the impact of financial liberalization on SMEs to foster inclusive economic growth and shape policy development. The study intends to find whether or not the growth of small and medium enterprises depends upon the government's financial liberalization policies. Using the ARDL econometric method, we find that Shareholder’s Equity is positively associated with SME growth rate, holding other variables constant. Moreover, total assets positively affect the SMEs' growth rate. Financial Development does not have a statistically significant effect on SME growth in the short run. Economic Growth rate positively influences SME growth. External financing changes may not immediately affect SME growth in the short run. The results show that changes in the number of bank branches do not significantly affect SME growth in the short run.

DEVELOPMENT-ECONOMIC FREEDOMS INTERACTION: A COMPARATIVE ANALYSIS OF D8 AND G8 COUNTRY GROUPS

One viewpoint, which has been gaining traction recently, posits that augmenting economic freedom within liberal markets while minimizing public intervention spurs development. Conversely, another standpoint suggests that as development progresses, there emerges a heightened demand for greater economic freedom, resulting in the implementation of liberal policies. In this context the primary objective of this study is to scrutinize the presence of causality between economic freedom and development. Additionally, the study delves into whether this causal relationship, if extant, is consistent across countries at varying stages of development. Consequently, an examination is conducted on two distinct country groups, namely D8 and G8, employing the Dumitrescu-Hurlin panel causality test. This method dissects the directional link between economic freedom and development for these country clusters spanning the period 2000-2019. The analysis reveals that within D8 nations, a reciprocal causality exists between economic freedom and development. In contrast, among G8 countries, no causal link emerges from economic freedom to development, while a unilateral causal relationship emerges from development to economic freedom.

The Impact of Trade Liberalization on Economic Growth in South Africa

The failure of the South African economy to achieve the desired economic expansion raised a serious concern to investigate the potency of trade liberalization policy adopted in the country. This is evidence in macroeconomic indices such as high level of unemployment, poverty and most importantly sluggish economic growth. It is against this back drop that this study was spurred to conduct an analysis of the impact of trade liberalization on economic growth in South Africa covering the period of 1986-2022. The mixed order of integration revealed by the unit root test informed the decision to adopt the ARDL method of estimation. The main findings of interest in this study is the existence of a strong positive relationship between trade liberalization and economic growth in South Africa. Thus, the study concludes that economic integration is healthy for the national economy and hence more liberalization policies should be strategically embrace. The study recommends that the African governments especially South Africa should further open it economic border to allow for free trade with other economies of the world.

Welfare regimes and socioeconomic inequalities in edentulism: A multilevel analysis of 40 countries

Abstract Aim To evaluate the association between welfare regimes with edentulism and to investigate if it modifies the magnitude of socioeconomic inequalities in edentulism. Methods We analysed data from 40 high-, middle- and low-income countries collected between 2007 and 2018, encompassing 117397 individuals 20 years or older. The main outcome was edentulism and welfare regimes were the main exposure and effect modifier. Individual level variables were sex, age and quintiles of the wealth score. Multilevel logistic regression was used to estimate the odds of being edentulous and cross-level interaction terms between individual wealth and country factors were tested. Findings Individuals at the lowest wealth quintile had a consistently higher prevalence of edentulism. The highest age-sex standardised prevalence of edentulism was found in Eastern European countries (9.9%) followed by Informal Security (9.4%), while the lowest was among the Insecurity regime (1.4%) followed by the Social Democratic regime (4.7%). Liberal countries presented the highest magnitude of absolute and relative inequalities, where the lowest quintile had OR = 16.7 (95%CI: 10.5-26.5) times more chances of being edentulous and 14.4 percentage points higher prevalence. Low-income countries in the Insecurity Regime in social and labour market presented the lowest level of inequalities. Among HIC and upper-middle income countries, Social Democratic regime had the lowest absolute inequalities (4.0 percentage points difference between highest and lowest quintiles) and the Informal Security regime had the lowest relative differences between the highest and lowest quintiles (OR = 3.21, 95%CI: 2.83-3.63). Interpretation Our findings suggest that policies in some welfare regimes might improve oral health while reducing inequalities. High and upper-middle-income countries presented a high level of edentulism and inequalities. Key messages • Larger socioeconomic inequalities in edentulism were found in high-income countries with liberal policies. • A possible benefit of welfare policies on prevalence and inequalities in edentulism may be only evident among industrialised countries.

The Liberal Case for Community Land Trusts

Abstract This paper argues that community land trusts (CLTs) can be part of a liberal housing policy from both an economic and a legal point of view. In this, I depart from the defense of community land trusts based on the so-called ‘decommodification’ of housing. First, from an economic point of view, CLTs are a comparatively better option than other traditional policies, such as rent control, once the political complexity of housing policies is considered. Second, fostering autonomy and the capacity for self-authorship requires that individuals be able to choose from a diverse set of valuable institutional designs; CLTs correspond to that ideal and bring a unique nuance to the existing options within common-interest communities. Additionally, I look at the somewhat recent legal innovations that brought CLTs to Canada and continental Europe to show that the institutional flexibility of CLTs allows them to support different visions of self-realization through ownership.

Sovereign ESG and Foreign Direct Investment in the GCC: The Amplifying Role of Trade Openness in Economic Diversification

This study examines the relationship between Sovereign Environmental, Social, and Governance (SESG) initiatives and foreign direct investment (FDI) within the context of the Gulf Cooperation Council (GCC) countries from 2000 to 2022. The research explores how national ESG performance influences the attractiveness of these countries to foreign investors, with a particular focus on the moderating role of trade openness. Using a comprehensive panel data analysis, the study finds that strong SESG frameworks are positively correlated with higher FDI inflows, with trade openness amplifying the positive impact of SESG. Additionally, the use of Instrumental Variables (IV) estimation addresses endogeneity concerns, further confirming the robustness of the results. Moreover, the analysis reveals that trade openness amplifies the positive impact of SESG on FDI, suggesting that GCC countries with liberal trade policies and robust ESG practices are more successful in attracting sustainable and responsible investments. These findings contribute to the growing body of literature on ESG and FDI, offering valuable insights for policymakers seeking to enhance economic growth through strategic investments in sustainability and governance. The findings offer valuable insights for policymakers in aligning SESG frameworks with global ESG standards and leveraging global liquidity conditions to enhance FDI inflows, particularly in light of ongoing economic diversification efforts in the GCC.

What is new about Japan’s new migration policy? From recruitment of “nonlabor” workers to selection by neoliberal meritocracy

Abstract Japan experienced major reforms in its migration policy in 2018. This study aims to examine the novelty of the new migration policy by tracing the shift in the legal status of two “nonlabor” migrant workers: fourth-generation Japanese descendants (Nikkeijin) and technical interns. While fourth-generation young adults have been allowed to work in Japan since 2018, their rights are more restricted than those of third-generation Nikkeijin. Simultaneously, the government prepared a path for technical interns to upgrade their visas to specified skilled workers. The new migration policy is characterized by the convergence of the status of the two groups. Superficially, the reformed immigration program appears to signify a shift toward a more liberal immigration policy that allows previously excluded groups to settle in the country. A more important feature is the rise of the neoliberal meritocracy as a new principle of admission. Both groups have the potential to improve their legal status; however, long-term settlement is unattainable until they undergo rigorous selection. They are expected to overcome hurdles independently because the government is reluctant to provide commensurate support with higher demands for changes in legal status.

Evidence on the accreditation of health professionals' education in the WHO Africa region: a scoping review protocol.

This scoping review aims to map and examine the extent and type of available evidence on health professionals' education accreditation within Africa. The demand for health professionals is unprecedentedly high globally. One response to this challenge has been expanding training through more liberal education policies, facilitating private sector participation in education service provision. Some evidence suggests that this is a double-edged sword, increasing quantity but compromising the quality of health professionals produced. Regulation can provide a framework to assure and continuously improve quality, with such regulation in place in 79% of World Health Organization African countries. However, it is unclear how much and what evidence has been generated on how accreditation happens, where it is concentrated, and the prevailing evidence gaps within this region; therefore, we propose to conduct a scoping review. This review will include articles and dissertations focusing on the accreditation of health professionals' education in Africa. All methodological approaches and designs will be included. Conference abstracts and protocols will be excluded. This review will be carried out according to the JBI scoping review methodology. We conducted an initial search of CINAHL and MEDLINE to identify relevant articles. This informed our selection of keywords, along with index terms, to create a comprehensive search strategy for CINAHL (EBSCOhost), MEDLINE (Ovid), Global Health (Ovid), ERIC (EBSCOhost), Web of Science Core Collection, Embase, and Scopus. Sources included will be limited to those published starting from 2000 onwards. Data will be presented using tables and charts, accompanied by a narrative summary. https://doi.org/10.17605/OSF.IO/W5G7T.

The Privatization and Deregulation of Healthcare in India with an Emphasis on Oversight, COVID-19, and Liberal Policy

The quasi-notion of the centralized and privatized nature of healthcare anent the familiar juxtaposition of the latter in India upon the post-liberal and welfare-esque socio-economic context of the aforementioned institution in the West provides an inherently conclusive but convoluting interpretation and dissertation into the documented and instituted proto-struggles of those latterly employed. The menial and oppositionary treatment and subjugation of doctors and other healthcare staff is a reference id est apropos in the positional setting of the perspective of the neo-polity situated in the post-industrial Indian context. The government, both locally and federally, has an implicitly embedded responsibility toward the political essence of its representation in the view of its constituents and also the latterly employed. This paper creates an extraversion scale and similarly an extraversion test entitled, the ‘L/R Extraversion Scale’. The L/R Extraversion Scale judges the perspectives of its respondents in a defined pair of grading/scoring scales, id es namely, the ‘Left Extraversion Scale’ (LES), and the ‘Right Extraversion Scale’ (RES); scored out of 8 and represented on the X-Y axes alongside the accompanying intensity and frequency of the received variable responses on the test. When represented as the latter, and upon the presentation of the median at four, the delineation of the results in the second and fourth quadrants allows for an analysis of the scores on the LE and RE Scales.

The Impact of Trade Openness on the Industry Reality in Iraq for the Period (2004-2022)

Iraq is one of the prominent countries that used to have important industries and enjoyed consumer acceptance, competitiveness, and presence in regional and global markets. However, after 2003 and due to trade liberalization, there needed to be more in the structure of the Iraqi economy. This directly affected the reality of the Iraqi industrial sector, leading to the entry of goods and products from all over the world. With the increase in population and government expenditures, which relied on commodity imports to meet local needs, all aspects of industry in the country were eliminated. The importance of research lies in shedding light on the role of international trade (import and export) in global economies, highlighting the shortcomings in trade policy management, demonstrating the impact of trade openness on the industrial sector's contribution to economic development, and the need for realistic measures to rescue this vital sector from deterioration in Iraq. Moreover, the research problem is based on the direct negative impact of trade liberalization policy on the reality of the industrial sector in the country. Increased reliance on foreign sources to meet local economic needs is attributed to the production apparatus's deficiencies, backwardness, and stagnation, rendering it unable to meet total domestic demand. The research aims to shed light on the role of foreign trade in global economies and to clarify the shortcomings in trade policy management, as well as the extent of the impact of trade liberalization on the reality of the industrial sector in achieving economic development. The research found that the industrial sector in Iraq was negatively affected throughout the period (2004-2022) due to the compulsory trade liberalization policy, which led to the shutdown of factories and plants because of the low prices of imported goods. Paper type Research paper.

Mikhail M. Speransky and his Constitutional Project

Mikhail M. Speransky was a versatile person, who knew law, politics, philosophy, mathematics, physics, eloquence. Even Napoleon was impressed by the sharpness of the mind of the Russian political figure. The statesman clearly understood the needs of the society of the 19th century, realized what and how it was necessary to bring the Russian Empire into the state system in order to improve it. Indeed, a detailed analysis of the constitutional project of the great reformer is of great importance for the history of Russia. Thus, research on this topic remains relevant now. Mikhail M. Speransky is a key figure who found himself at the junction of two eternally opposing movements of socio-political thought, namely: conservatism and liberalism. The reformer was a supporter of liberal transformations, but for their successful implementation it was necessary to have a society, albeit conservative, but internally ready for new trends in politics, state and law. Why did a statesman with radical views fail to fully implement his ambitious plans? Is his large-scale plan only a ghostly illusion? The paper examines the main directions of the liberal policy of Mikhail M. Speransky in the process of creating and trying to implement a constitutional project, analyzes objective and subjective socio-historical factors that influenced the possibility of the actual implementation of the ideas of an astute and wise state and legal figure. Special attention is also paid to the significance of the personality of Mikhail Mikhailovich — a reformer with radical views — in the history of our country. Undoubtedly, Mikhail M. Speransky formulated a large number of liberal postulates governing the creation of a rule of law. Echoes of some of his ideas can be seen in modern concepts and principles implemented in Russia.

Sustainable development in African countries: evidence from the impacts of education and poverty ratio

This paper uses the autoregressive-distributed lag model to investigate the effects of education, poverty, trade volume, ICT development, and GDP per capita on sustainability in the 15 largest African economies from 1999 to 2019. The results show a positive correlation between higher tertiary education rates and sustainability, emphasizing the importance of investing in education for sustainable development. In contrast, higher poverty rates are linked to lower sustainability, highlighting the need for poverty reduction efforts. Increased trade volumes are associated with reduced sustainability, indicating the challenges of trade liberalization policies in achieving sustainability goals. However, ICT development has a significant positive impact on sustainability. Interestingly, higher GDP per capita is linked to lower sustainability, potentially due to unsustainable consumption patterns and social inequalities. Policy recommendations for promoting sustainable development in African countries include targeted measures focusing on education and poverty reduction. Gender-friendly policies and initiatives to eliminate educational disparities, especially among marginalized groups, can enhance human capital development. Additionally, promoting e-businesses and sustainable entrepreneurship, along with attracting foreign investment for sustainable education and employment initiatives, can drive economic growth while minimizing environmental impact and fostering inclusive development.

The Impact of Trade Openness on the Reality Industry in Iraq for the Period (2004-2022)

Iraq is one of the prominent countries that used to have important industries and enjoyed consumer acceptance, as well as competitiveness and presence in regional and global markets. However, after 2003 and due to trade liberalization, there was a general weakness in the structure of the Iraqi economy. This directly affected the reality of the Iraqi industrial sector, leading to the entry of goods and products from all over the world. With the increase in population and government expenditures, which relied on commodity imports to meet local needs, all aspects of industry in the country were eliminated. The importance of research lies in shedding light on the role of international trade (import and export) in global economies, highlighting the shortcomings in trade policy management, demonstrating the impact of trade openness on the industrial sector's contribution to economic development, and the need for realistic measures to rescue this vital sector from deterioration in Iraq. And the problem of the research is based on the direct negative impact of trade liberalization policy on the reality of the industrial sector in the country. Increased reliance on foreign sources to meet local economic needs is attributed to the deficiencies, backwardness, and stagnation of the production apparatus, rendering it unable to meet total domestic demand. The aim of the research is to shed light on the role of foreign trade in global economies and to clarify the shortcomings in trade policy management, as well as the extent of the impact of trade liberalization on the reality of the industrial sector in achieving economic development. The research found that the industrial sector in Iraq was negatively affected throughout the period (2004-2022) due to the compulsory trade liberalization policy, which led to the shutdown of factories and plants as a result of the low prices of imported goods. Paper type Research paper.

Struggle of legalists to equalize the rights of Jews with other subjects of the Russian Empire at the end of the XIX – beginning of the XX century

In the Russian Empire, the problem of the «Jewish question» existed for a long time. The prevailing theory was about the «badness» of the Jewish people, their deceit, maliciousness and other negative qualities. Since 1880, anti-Semitism has gradually increased. At first it was fueled by the bureaucracy, then it was joined by the local bourgeoisie, and then by its minions, the marginal strata of the cities. Accordingly, after the liberal policies of Alexander II, an attack on the rights of Jews began. Updated anti-Semitic legislation was adopted, and old ones were updated. Hundreds of petty restrictions bound the Jews and hindered their development. Jews began to have a keen sense of their national identity, emigrated, joined socialist parties, corrupted officials, etc. The liberal public was dissatisfied with this government policy. In the public press, in meetings of government bodies, and in correspondence, conservative liberals energetically argued the absurdity of anti-Semitism, the injustice of claims against Jews, and demanded the liberation of the Jews. Accordingly, the subject of our research is the activities of liberal jurists (legalists) of the Russian Empire for the emancipation of Jews. We chose a problem-chronological approach as the main method. By highlighting the «Jewish problem», we trace the chronology of fluctuations in state policy on the Jewish issue and highlight the forms of struggle of legalists for the rights of Jews. This is the first time such a reconstruction has been carried out regarding the legalist movement and contributes to historical knowledge. A number of conclusions can be tentatively formulated. Through the press, liberals created a negative image of anti-Semitic policies. Sitting in meetings and commissions, they prevented the expansion of negative legislation. In the Senate, legalists defended the rights of Jews.

Strategic easing of height restrictions: Unveiling the intersection of free market principles and colonial mentality in Hong Kong’s urban densification

ABSTRACT High-density housing development is considered a pragmatic response to the conflicts between land scarcity and population growth. Under the rhetoric of (neo)liberalism, the flourishing private housing market narrative was anchored throughout the last century, along with significant contributions from government regulations. The 1955 Buildings Ordinance, which eased height limits, laid the groundwork for Hong Kong’s high-density foundations. The existing historiographical literature examines this from a technical perspective. However, it overlooks the decision-making processes behind these regulations and their alignment with or deviation from free market principles. This study examines colonial archives to scrutinize the colonial government’s approach to building regulations, revealing that easing height restrictions was not merely a technical adjustment but a calculated response to broader economic and demographic challenges. It was a strategy to stimulate private housing development and manage population growth without significantly increasing government spending. This raises concerns regarding prevailing assumptions that the colonial government supported a free-market approach to housing rather than exploring the debates and deliberations that shaped these policies. By comparing colonial experiences in Hong Kong and London, historical analysis challenges the conventional understanding of Hong Kong’s urban development, thereby highlighting the contentious relationship between liberal economic policies and the colonial administrative framework.

Informing the cannabis policy debate: a cross-sectional study of current and former cannabis users in Ireland

ABSTRACT Background Cannabis is the most widely used illicit drug with considerable international discourse regarding its legal status. This study sought to examine the wellbeing, experiences, and attitudes of adults who have used cannabis to inform policy debates. Methods A national, cross-sectional survey was completed. Data related to demographics and attitudes was collected along with validated questionnaires to measure level of dependence and wellbeing. Results Respondents (n = 732) were primarily males (61%) with a median age of 21. Three-quarters (75%) consumed cannabis more than 100 days with few regretting their cannabis use. Additionally, 60% reported previous use of both cocaine and MDMA and three-quarters currently use tobacco. While strongly in favor of more liberal cannabis policies they were ambivalent about decriminalizing all drugs. Depending on the cutoff used, 14.6% to 32.2% of respondents potentially meet the criteria for cannabis dependence. Wellbeing was overall good; however, women were at significantly higher odds of poor wellbeing (OR = 2.59; 95% CI = 1.78, 3.76). Conclusion Findings suggest unanimity among cannabis users toward more liberal legal policies but have discord regarding other drugs. Harm reduction, particularly in relation to tobacco, other substances, and women is indicated.

Assessing the synergistic effect of “pollution and carbon reduction” and “economic growth”: a perspective from bilateral trade between China and RCEP countries

IntroductionWith the accelerating process of globalization, trade activities have had profound impacts on both the environment and economic development.MethodsThis paper comprehensively evaluates the synergistic effect of bilateral trade on “pollution reduction” and “carbon mitigation,” as well as “economic growth,” utilizing panel data from China and RCEP countries spanning the period from 1997 to 2020.ResultsThe empirical results reveal that bilateral trade significantly propels economic growth in RCEP countries and exhibits a positive “pollution reduction” effect, whereas its “carbon reduction” effect remains uncertain. To delve into the underlying reasons for bilateral trade’s failure to effectively mitigate carbon emissions, this paper undertakes a mechanism test along two opposing paths. Notably, the influence of bilateral trade on economic growth and “pollution reduction” in RCEP countries varies regionally. Specifically, bilateral trade is more efficacious in fostering economic growth in ASEAN countries. Additionally, bilateral trade enhances environmental quality in ASEAN countries, yet it deteriorates in non-ASEAN countries. Furthermore, this paper examines the intricate relationship between bilateral trade, economic growth, and “pollution reduction” through the application of the PVAR model. It concludes that optimizing environmental quality in RCEP countries is conducive to both local economic growth and bilateral trade.ConclusionThis study not only bears significant implications for understanding the complex interplay between economic growth, environmental quality, trade liberalization, and environmental policies, but also provides invaluable guidance for policy formulation and implementation aimed at achieving green transformation and fostering sustainable economic development.

International financial integration and financial stress of emerging market economies: The role of institutional quality

In the wake of unprecedented financial liberalization policies adopted by Emerging Market Economies (EMEs) since the late 20th century, their integration into global financial markets has brought forth both opportunities and challenges. This paper endeavors to assess the intricate relationship between international financial integration (IFI) and financial stress in EMEs, focusing on the potential moderating effect of institutional quality. Addressing key questions, it examines how various IFI indicators impact financial stress and evaluates the role of different dimensions of institutional quality in influencing this relationship. Using a Financial Stress Index (FSI) and employing the panel threshold regression technique, the study unveils significant threshold effects of institutional quality on the IFI-FSI nexus, with variations across different institutional factors. This study underscores the vital need for policymakers to identify threshold levels in institutional quality indicators to strike a balance between attracting investments and preventing unwarranted financial distress.

Feminist Movement in Turkey in the 1990s

According to a feminism worldview, women should have economic, social, civil, political, and cultural rights. For this, women need to go a long, controversial and interesting path. On the one hand, they are aware of their place in society, in the state, and on the other hand, they are trying to change the cultural norms that cause oppression. Turkey is the only country in which the majority of the population is Muslim, and at the same time, it is a candidate for EU membership. Turkey has managed to create a progress-oriented state. This is a well-planned and calculated path with predetermined steps, paved with the reforms of the founder of the republic, Mustafa Kemal Atatürk (1881–1938). The problem of feminism is one of the most lively topics in republican Turkey. The processes taking place in the Ottoman Empire at the end of the 19th century and at the beginning of the 20th century prepared a solid ground for further development of the feminist movement. On October 29, 1923, after Turkey was declared a republic, the feminist movement took a new direction. The feminist movement in Turkey went through three periods. The first period includes the processes of the collapse of the Ottoman Empire and “Europeanization”, which led to the advancement of the women’s problems to the fore and the active struggle for the rights and place of educated Ottoman women in society. The second period was determined by the civil law on the participation of women in elections, adopted in republican Turkey in 1926. And the third one was the period of the 1990s, when the feminist movement became more widespread and active. Feminist policies have been founded and carried out, the role of women in government structures has increased; feminist organizations were created in Istanbul, Ankara and Antalya, etc. In the 1990s, the movement of Muslim feminists, Islamist women, known as “Islamic feminism”, became active in Turkey. After the creation of the republic in Turkey, religious associations came under the direct subordination and control of the state. There have been prepared various projects to solve women’s problems. Centers for the study of women’s issues have been opened at universities. For the first time, women spoke openly about sexual freedom, etc.

Justice “to Come”? Decolonial Deconstruction, from Postmodern Policymaking to the Black Horizon

Abstract This article explores the importance of what we call “decolonial deconstruction” for contemporary global politics and policy discourses and develops a critique of this approach. “Decolonial deconstruction” seeks to keep open policy processes, deconstructing liberal policy goals of peace, democracy, or justice as always “to come”. It emerged through a nexus of postmodern and decolonial framings, well represented in the critical Black studies tradition, where theorists have focused upon identity construction, rejecting static conceptions. These approaches have increasingly been taken up in international policymaking approaches and International relations theory, particularly in the field of peacebuilding and the broad policy approach of resilience. After highlighting the ways that processual understandings of deconstruction have transformed these policy areas, we suggest an alternative deconstructive approach. In doing so, we draw upon the critical Black studies tradition but emphasize the need to critique underlying ontological assumptions about the world. We heuristically set out this approach as the “Black Horizon.”