Sign in to use this feature.

Years

Between: -

Subjects

remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline
remove_circle_outline

Journals

Article Types

Countries / Regions

Search Results (21)

Search Parameters:
Keywords = Special Drawing Right

Order results
Result details
Results per page
Select all
Export citation of selected articles as:
15 pages, 4449 KiB  
Article
Educational Accountability in Inclusive Schools: Exploring Perspectives and Proposing a Model for Accountability in Policy and Practice
by Ahmed Bawa Kuyini
Educ. Sci. 2025, 15(6), 783; https://doi.org/10.3390/educsci15060783 - 19 Jun 2025
Viewed by 435
Abstract
Accountability in education is an important legal, professional and ethical consideration for all teachers in their practice, as it leads to deep reflections about educational outcomes for their students. However, in respect of inclusive education, a constellation of implementation barriers has led to [...] Read more.
Accountability in education is an important legal, professional and ethical consideration for all teachers in their practice, as it leads to deep reflections about educational outcomes for their students. However, in respect of inclusive education, a constellation of implementation barriers has led to difficulties with understanding and ensuring accountability of outcomes for students with special educational needs (SENs). Additionally, there is very little discussion or research about accountability in special and inclusive education (SIE) in many educational systems around the world. Drawing on extant literature, this paper explores the diverse disciplinary (e.g., policy making, organisational management) understandings of accountability to illuminate the field of educational accountability. It then proposes a model for inclusive education accountability—informed by human rights—that outlines the roles, obligations of policy makers, principals, teachers, and allied professionals to enable accountable practices and outcomes for students with SENs. The proposed model suggests accountability types and obligations at different levels that can be implemented in diverse practice contexts. Full article
(This article belongs to the Special Issue Teachers and Teaching in Inclusive Education)
Show Figures

Figure 1

8 pages, 4556 KiB  
Case Report
Osteonecrosis of the Jaw Associated with Obinutuzumab in a Patient with Preceding Follicular Non-Hodgkin’s Lymphoma
by Katharina Theresa Obermeier, Thomas Frank, Tim Hildebrandt, Sven Otto, Philipp Poxleitner and Ina Dewenter
J. Pers. Med. 2025, 15(4), 138; https://doi.org/10.3390/jpm15040138 - 1 Apr 2025
Cited by 1 | Viewed by 513
Abstract
Background: Obinutuzumab is a glycoengineered type II anti-CD-20 monoclonal antibody, which can be applied as immunotherapy in patients with follicular lymphoma. To our knowledge, this is the first reported case in the literature describing osteonecrosis of the jaw associated with CD20 monoclonal antibody [...] Read more.
Background: Obinutuzumab is a glycoengineered type II anti-CD-20 monoclonal antibody, which can be applied as immunotherapy in patients with follicular lymphoma. To our knowledge, this is the first reported case in the literature describing osteonecrosis of the jaw associated with CD20 monoclonal antibody therapy. Methods: The following case report describes a 39-year-old female patient under maintaining therapy with Obinutuzumab developing osteonecrosis of the jaw after tooth extraction. The necrotic area was located in the right mandible and was rated as a stage II osteonecrosis. Results: This case report should draw attention to the importance of dental follow-ups during aftercare of patients with Non-Hodgkin’s Lymphoma as well as to the relevant precautions for performing tooth extractions in such patients. Conclusions: As Obinutuzumab seems to be a contributing factor in the development of MRONJ, special attention has to be drawn to tooth extractions in such patients, which should only be performed with perioperative antibiosis, the least amount of trauma possible, always including the smoothening of sharp residual bone segments and a saliva-proof wound closure, as well as constant dental follow-ups. Full article
(This article belongs to the Section Personalized Therapy and Drug Delivery)
Show Figures

Figure 1

25 pages, 285 KiB  
Article
Revisiting the Conceptual Terrains of the Right to Accessibility in India: The Role of Judicial Enforcement
by Sanjay Jain and Malika Jain
Laws 2024, 13(4), 54; https://doi.org/10.3390/laws13040054 - 16 Aug 2024
Cited by 1 | Viewed by 2879
Abstract
The main objective of this paper is to critically reflect on the right to accessibility of persons with disabilities in India, with special focus on the context of public streets and environments. The paper draws on work carried out during the India-related part [...] Read more.
The main objective of this paper is to critically reflect on the right to accessibility of persons with disabilities in India, with special focus on the context of public streets and environments. The paper draws on work carried out during the India-related part of the Inclusive Public Space Project, as well as judicial pronouncements, and the norms evolved by India as a party to the United Nations Convention on the Rights of Persons with Disabilities. In this paper, we briefly set out competing conceptions of accessibility and evaluate its constitutional and statutory manifestations. Further, the measures undertaken by the government in the form of policies, guidelines and campaigns to ensure accessibility in the Indian socio-political infrastructure are also assessed. The same is followed by the analysis of significant judicial precedents of the Supreme Court and High Courts on different aspects of the right to accessibility, to demonstrate how the courts have spearheaded various structural enhancements in the accessibility regime in India. The paper is concluded by drawing attention to the need for greater synchronicity in the adjudication and implementation of the principle of accessibility. Full article
16 pages, 263 KiB  
Article
Ensuring Fair Compensation: Analyzing and Adjusting Freight Forwarder Liability Limits
by Miloš Poliak and Ekaterina Salamakhina
Logistics 2024, 8(2), 42; https://doi.org/10.3390/logistics8020042 - 12 Apr 2024
Viewed by 2403
Abstract
Background: Due to the absence of unified global regulations, defining the service and legal role of freight forwarders is challenging. This, as well as the lack of a standardized limit to the freight forwarder’s liability for loss or damage to the cargo, [...] Read more.
Background: Due to the absence of unified global regulations, defining the service and legal role of freight forwarders is challenging. This, as well as the lack of a standardized limit to the freight forwarder’s liability for loss or damage to the cargo, introduces misunderstandings into his relationship with the client. The purpose of this study is to analyze the most widely used limit for freight forwarder’s liability, set in Special Drawing Rights (SDR) units, and to adjust it, which will allow for maintaining the purchasing power of the compensation amount over different periods of time. Methods: In this study, two methods of adjusting the liability limit were proposed. In accordance with the first one, the limit was adjusted considering the impact of dollar inflation on the SDR unit. The second method involves changes in the limit of liability, taking into account changes in world prices for goods. Results: The result of this study showed that the second method is more functional, helping to preserve the purchasing power of the liability limit most effectively over time. Conclusions: This study revealed the fluctuating purchasing power of the forwarder’s liability limit over time and suggests utilizing a methodology tied to changes in global goods’ prices for adjustment. Full article
27 pages, 10547 KiB  
Article
My Human Rights Smart City: Improving Human Rights Transparency Identification System
by Roberto M. Souza, Bruno S. Cezario, Estefany O. T. Affonso, Andreia D. B. Machado, Danielle P. Vieira, Christine K. Chinelli, Assed N. Haddad, Patricia M. Dusek, Maria G. de Miranda, Carlos A. P. Soares and André L. A. Guedes
Sustainability 2024, 16(3), 1274; https://doi.org/10.3390/su16031274 - 2 Feb 2024
Viewed by 3062
Abstract
This article focuses on fundamental human rights based on a historical literature review. Methodologically, a literature review and application of the design thinking (DT) method were used in three sessions using storytelling techniques and canvas drawings with managers specializing in “smart and sustainable [...] Read more.
This article focuses on fundamental human rights based on a historical literature review. Methodologically, a literature review and application of the design thinking (DT) method were used in three sessions using storytelling techniques and canvas drawings with managers specializing in “smart and sustainable city” projects in Brazil. The scientific work demonstrates that, in the view of the participating experts selected according to the research criteria, there are many gaps regarding fundamental human rights in cities. The digitalization of cities, with its layers of digital governance, alone is insufficient to cover gaps in basic information for populations. With the participants’ insights, it was possible to design and develop a software application (app) under strict requirements with anonymization and geolocations of human rights violations. The tests also highlighted limitations and future improvements. It is believed that the article brings an innovative approach from a scientific point of view, with a high degree of originality due to the outcomes generated from the experiences of the authors and managers specializing in managing new “smart cities”. This governance tool has the potential to be installed and improved in more than 30 countries and thus serve almost 70 million citizens around the world. A software technology transfer has already been made to the project’s partner company. Full article
Show Figures

Figure 1

17 pages, 1940 KiB  
Article
Measuring the Recovery Performance of a Portfolio of NPLs
by Alessandra Carleo, Roberto Rocci and Maria Sole Staffa
Computation 2023, 11(2), 29; https://doi.org/10.3390/computation11020029 - 7 Feb 2023
Cited by 4 | Viewed by 3815
Abstract
The objective of the present paper is to propose a new method to measure the recovery performance of a portfolio of non-performing loans (NPLs) in terms of recovery rate and time to liquidate. The fundamental idea is to draw a curve representing the [...] Read more.
The objective of the present paper is to propose a new method to measure the recovery performance of a portfolio of non-performing loans (NPLs) in terms of recovery rate and time to liquidate. The fundamental idea is to draw a curve representing the recovery rates over time, here assumed discretized, for example, in years. In this way, the user can get simultaneously information about recovery rate and time to liquidate of the portfolio. In particular, it is discussed how to estimate such a curve in the presence of right-censored data, e.g., when the NPLs composing the portfolio have been observed in different time periods, with a method based on an algorithm that is usually used in the construction of survival curves. The curves obtained are smoothed with nonparametric statistical learning techniques. The effectiveness of the proposal is shown by applying the method to simulated and real financial data. The latter are about some portfolios of Italian unsecured NPLs taken over by a specialized operator. Full article
(This article belongs to the Special Issue Computational Issues in Insurance and Finance)
Show Figures

Figure 1

21 pages, 344 KiB  
Article
GCM Objective 13: In Search of Synergies with the UN Human Rights Regime to Foster the Rule of Law in the Area of Immigration Detention
by Izabella Majcher
Laws 2022, 11(4), 52; https://doi.org/10.3390/laws11040052 - 23 Jun 2022
Cited by 5 | Viewed by 3480
Abstract
Reflecting the focus of this Special Issue on “Rule of Law and Human Mobility in the Age of the Global Compacts,” this article contributes to the discussion on the threats to the rule of law posed by immigration detention through the lens of [...] Read more.
Reflecting the focus of this Special Issue on “Rule of Law and Human Mobility in the Age of the Global Compacts,” this article contributes to the discussion on the threats to the rule of law posed by immigration detention through the lens of the Global Compact for Safe, Orderly and Regular Migration (GCM). In GCM’s Objective 13, states committed to use immigration detention only as a measure of last resort, work towards alternatives and draw from eight sets of actions to realise this commitment. Given the attention the GCM attracts, its nonbinding character and the voluntary nature of its review can be used by states as justification for their inadequate implementation of binding human rights obligations and insufficient reporting on implementation to the supervising bodies. While acknowledging these challenges to the rule of law, this article explores the ways the GCM can actually foster the rule of law in the area of immigration detention. To strengthen the rule of law principles of legality, legal certainty, prohibition of arbitrariness, access to justice and the right to an effective remedy, Objective 13 needs to support a binding human rights regime by preventing arbitrary detention and its implementation at the domestic level. The article discusses the interplay between Objective 13 on the one hand, and, on the other, the International Covenant on Civil and Political Rights, International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families and Convention on the Rights of the Child at three levels—the detention provisions, the support provided to states for the implementation of these provisions and the monitoring of states’ implementation—and it proposes means to strengthen the synergies between the two frameworks. Full article
(This article belongs to the Special Issue Rule of Law and Human Mobility in the Age of the Global Compacts)
17 pages, 281 KiB  
Article
The Decentered Construction of Global Rights: Lessons from the Human Rights to Water and Sanitation
by Daniel M. Brinks, Arkaja Singh and Bruce M. Wilson
Water 2022, 14(11), 1795; https://doi.org/10.3390/w14111795 - 2 Jun 2022
Cited by 3 | Viewed by 2897
Abstract
Families in Flint, Michigan, protesting lead in their water, indigenous groups in the Amazon asserting control over their rivers, slum dwellers in India worried about disconnection or demanding cities bring potable water to their neighborhoods, an entire city in South Africa worried about [...] Read more.
Families in Flint, Michigan, protesting lead in their water, indigenous groups in the Amazon asserting control over their rivers, slum dwellers in India worried about disconnection or demanding cities bring potable water to their neighborhoods, an entire city in South Africa worried about the day when they will run out of water altogether—all these and many more have claimed the human right to water as the vehicle to express their demands. Where does this right come from, and how is its meaning constructed? In this article, we show that, in sociolegal terms, the global right to water, as are many others, is constructed out of the myriad struggles and claims of people who feel the lack of something that is essential to a dignified existence, and who cannot obtain an adequate response from their immediate political and legal environment. They do so in loose conversation with, but relatively unconstrained by, the meanings that are being constructed by the international and domestic legal experts who work on formal legal texts. We draw on research carried out around the world by a team of scholars whose articles are included in this Special Issue of the journal to illustrate the decentered construction of the right to water. Full article
16 pages, 378 KiB  
Article
Navigating Stigma and Discrimination: Experiences of Migrant Children with Special Needs and Their Families in Accessing Education and Healthcare in Hong Kong
by Kim Kwok and Sylvia Kwok Lai Yuk Ching
Int. J. Environ. Res. Public Health 2022, 19(10), 5929; https://doi.org/10.3390/ijerph19105929 - 13 May 2022
Cited by 9 | Viewed by 4936
Abstract
This paper explores the barriers to supporting South Asian (Pakistani, Nepalese and Indian) migrant children with special needs and their families encountered navigating Hong Kong’s special needs system and accessing education and healthcare services. It adopts concepts of stigma and disability rights. It [...] Read more.
This paper explores the barriers to supporting South Asian (Pakistani, Nepalese and Indian) migrant children with special needs and their families encountered navigating Hong Kong’s special needs system and accessing education and healthcare services. It adopts concepts of stigma and disability rights. It draws on semi-structured interviews with fifteen South Asian children and young people with special needs (age 5–21; M = 10; F = 5) and their families, and seven professional practitioners based on the qualitative descriptive method. Informants experienced intersecting stigmatization that included (1) institutional exclusion, (2) daily life microaggressions, and (3) misunderstandings and a lack of awareness education. Simultaneously, some were empowered through (4) support and accommodation, and (5) spiritual support from religion. This paper reveals a paradox embodied by Hong Kong; it is an Asian multicultural city committed to embracing the vision of disability inclusion while failing to ensure necessary support to reduce the stigma experienced by culturally diverse children with a disability. It makes recommendations based on a socioecological framework and concludes that concerted efforts by relevant authorities and organizations should be made to reduce stigma by taking into consideration the intersecting stigmas, specific resources unique to migrant communities, disability rights and cultural sensitivity. Full article
(This article belongs to the Special Issue Health of Migrant Children)
13 pages, 18114 KiB  
Article
Physical Similarity Simulation of Deformation and Failure Characteristics of Coal-Rock Rise under the Influence of Repeated Mining in Close Distance Coal Seams
by Pengze Liu, Lin Gao, Pandong Zhang, Guiyi Wu, Yongyin Wang, Ping Liu, Xiangtao Kang, Zhenqian Ma, Dezhong Kong and Sen Han
Energies 2022, 15(10), 3503; https://doi.org/10.3390/en15103503 - 11 May 2022
Cited by 17 | Viewed by 2151
Abstract
Aiming at the problem that it is difficult to achieve accurate laying of model and precise excavation of roadways in special surrounding rock structure roadway according to conventional physical similarity simulation, which reduces the reliability of experimental results. An accurate laying of model [...] Read more.
Aiming at the problem that it is difficult to achieve accurate laying of model and precise excavation of roadways in special surrounding rock structure roadway according to conventional physical similarity simulation, which reduces the reliability of experimental results. An accurate laying of model and precise excavation of roadway method, named “labeling positioning and drawing line, presetting roadway model” (LPDLPRM), was proposed. The physical similarity simulation of deformation and failure characteristics of surrounding rock of coal-rock rise, under the influence of repeated mining in close distance coal seams, was carried out based on the method and infrared detection. The results show that the coal-rock rise in close distance coal seams was affected by repeated mining disturbances, and the surrounding rock of coal-rock rise was characterized by obvious asymmetric deformation, specific for the stress and strain near the coal pillar were higher than that of other parts, and cracks near the coal pillar were denser than other parts; when the coal seam is mined in which the coal-rock rise is located, the stress concentration of the surrounding rock near the rise was weakened by mining pressure relief in the upper coal seam; the stress concentration of the surrounding rock near the rise increases when the coal and the lower coal seam are mined, and the stress on the right side (coal pillar side) near the coal-rock rise was the most concentrated. Therefore, it is important to take measures to strengthen support near the coal pillar and to control asymmetric deformation when the coal-rock rise is influenced by repeated mining. Full article
Show Figures

Figure 1

17 pages, 1235 KiB  
Article
Strengthening Accountability for Responsible Land Governance: Linking Governance of Tenure to Human Rights
by Anna Katharina Kramer, Frederike Klümper, Alexander Müller and Francesca Thornberry
Sustainability 2021, 13(19), 11113; https://doi.org/10.3390/su131911113 - 8 Oct 2021
Cited by 1 | Viewed by 2961
Abstract
While there is no universal right to land enshrined in existing human rights treaties, access to land is intrinsically linked to the achievement of human rights. For example, the right to food, adequate housing, property and equality and non-discrimination are of special concern [...] Read more.
While there is no universal right to land enshrined in existing human rights treaties, access to land is intrinsically linked to the achievement of human rights. For example, the right to food, adequate housing, property and equality and non-discrimination are of special concern for smallholder farmers, pastoralists, women, and other marginalized groups. In this regard, the Voluntary Guidelines on the Responsible Governance of Tenure of Land, Fisheries, and Forests in the context of national food security (VGGT) is considered a milestone document. They link binding human rights frameworks with universally agreed principles of responsible land governance. However, the implementation of the Guidelines is impeded by their voluntary nature and the absence of clear monitoring and accountability structures. The objective of this paper is to make a case for adopting human rights-based monitoring approaches that strengthen the implementation of the VGGT and, ultimately, responsible land governance. This policy analytical paper draws from a literature review, an analysis of secondary data gathered from National Human Rights Institutions working on land rights, as well as findings from two pilot case studies. The cases illustrate the need for a human rights-based land governance monitoring approach, relevant for policy-makers as well as land rights practitioners. Furthermore, this paper shows that there is currently no systemic approach that monitors the implementation of the VGGT from a human rights perspective. Therefore, the paper suggests that a human rights-based monitoring approach centered around established human rights monitoring and reporting mechanisms can provide a new, and urgently needed, impetus for implementing the VGGT. Linking VGGT implementation to human rights obligations by states can strengthen efforts towards responsible land governance reforms and contributes to holding governments accountable to their commitments. Full article
(This article belongs to the Special Issue Improving Governance of Tenure: Progress in Policy and Practice)
Show Figures

Figure 1

14 pages, 254 KiB  
Article
Learners’ Voices in Inclusive Education Policy Debates
by Antonella Mangiaracina, Anthoula Kefallinou, Mary Kyriazopoulou and Amanda Watkins
Educ. Sci. 2021, 11(10), 599; https://doi.org/10.3390/educsci11100599 - 30 Sep 2021
Cited by 9 | Viewed by 6552
Abstract
Although the idea of including learners in policy-making is gaining ground, their voices still seem to be marginalised. This article focuses on the issue of learners’ voices in inclusive education policy debates. It begins by discussing main policy developments, arguments and key issues [...] Read more.
Although the idea of including learners in policy-making is gaining ground, their voices still seem to be marginalised. This article focuses on the issue of learners’ voices in inclusive education policy debates. It begins by discussing main policy developments, arguments and key issues around learner voice and participation. It then draws on different aspects of work by the European Agency for Special Needs and Inclusive Education (the Agency) that has directly involved young people in exchanges with policy-makers and decision-makers responsible for developing and implementing policy for inclusive education. This includes four European “Hearings” (in 2003, 2007, 2011 and 2015), involving over 300 young people. It also includes workshops with learners in Cyprus and Poland as part of the European Commission’s Directorate-General for Structural Reform Support Programme activities. In the Agency’s work, learners with a range of learning needs from across Europe shared their views on their right to education (access), their rights in education (learning and participation) and their rights in wider society (achievement). Key messages from learners included the importance of barrier-free schools, raising awareness, changing attitudes and combating stereotypes to support their longer-term social inclusion and ensure they are able to become full citizens in their local communities. Building on these messages, the article concludes with some important considerations for future work and recommends positioning learners as key agents in policy debates for inclusive education. Full article
26 pages, 5026 KiB  
Article
Roadmapping as a Driver for Knowledge Creation: A Proposal for Improving Sustainable Practices in the Coffee Supply Chain from Chiapas, Mexico, Using Emerging Technologies
by David Israel Contreras-Medina, Luis Miguel Contreras-Medina, Joaliné Pardo-Nuñez, Luis Alberto Olvera-Vargas and Carlos Mario Rodriguez-Peralta
Sustainability 2020, 12(14), 5817; https://doi.org/10.3390/su12145817 - 20 Jul 2020
Cited by 21 | Viewed by 6253
Abstract
Technologies are essential for productive sectors to increase competitiveness and improve sustainable development. However, the technology benefits present a great delay in adoption in agricultural sectors, due to discrepancies between scientific research and local needs. This article presents a study for improving sustainability [...] Read more.
Technologies are essential for productive sectors to increase competitiveness and improve sustainable development. However, the technology benefits present a great delay in adoption in agricultural sectors, due to discrepancies between scientific research and local needs. This article presents a study for improving sustainability practices in the coffee supply chain, using emerging technologies, of two localities in the Frailesca region from Chiapas, Mexico, based on the current situation, expectations and actions expressed by 165 coffee producers and 12 representatives of two coffee producers’ organizations. Based on Mentzer theoretical support, the technology roadmaps, knowledge management and digital compass were used to draw coffee supply chain processes to identify concrete actions and explore technologies. The results show that the technological route must be focused on renewing and improving coffee quality, getting quality certifications and access to specialized markets. Digital quality management and advanced statistical process control seem to be the appropriate emerging technologies for enhancing the acquisition of resistant varieties, proper pest management, improvement in the collection of coffee beans, the right time and way to plant a coffee plant, soil analysis and for the management of weeds and water conservation and harvesting as sustainable practices in this region. In addition, statistical correlation showed that digital technologies can be better adopted, on average, by producers with 4–6 family members, aged between 40–44 years and without additional crops. The findings propose sustainable practices linked with emerging technologies, based on a technology roadmap and knowledge management methodologies for this region. Full article
(This article belongs to the Collection Sustainable Development of Rural Areas and Agriculture)
Show Figures

Figure 1

14 pages, 2800 KiB  
Article
“Fragile Possibilities”: The Role of the Artist’s Book in Public Art
by Elaine Speight and Charles Quick
Arts 2020, 9(1), 32; https://doi.org/10.3390/arts9010032 - 27 Feb 2020
Cited by 2 | Viewed by 6709
Abstract
Writing during the millennium, not long after the installation of Antony Gormley’s The Angel of the North, artist and publisher Simon Cutts criticised the dominance of monumentalism within the field of public art. Decrying the lack of critical engagement offered by public [...] Read more.
Writing during the millennium, not long after the installation of Antony Gormley’s The Angel of the North, artist and publisher Simon Cutts criticised the dominance of monumentalism within the field of public art. Decrying the lack of critical engagement offered by public sculpture, he called for an alternative approach, focussed upon process rather than product. Almost two decades later, it could be argued that mainstream understandings of public art have expanded to incorporate more ephemeral approaches, such as performance, sound art and social interventions. Within this context, the artist’s book has come to occupy a significant role within the production, dissemination and interpretation of such work. This has been accompanied by a growing interest in the artist’s book as a public artwork in its own right. These two distinct yet interrelated approaches form the subject of our essay. Drawing on examples of artists’ books held in the Special Collections at Manchester Metropolitan University and the library collections at Henry Moore Institute as well as from our own curatorial practice, we argue that, far from ancillary artefacts, artists’ books play a pivotal role within the production of public art and provide an important space in which to critically engage with the complexities of place. Full article
(This article belongs to the Special Issue Artists’ Books: Concept, Place, and a Quiet Revolution)
Show Figures

Figure 1

17 pages, 284 KiB  
Article
Global Economy: New Risks and Leadership Problems
by Viacheslav M. Shavshukov and Natalia A. Zhuravleva
Int. J. Financial Stud. 2020, 8(1), 7; https://doi.org/10.3390/ijfs8010007 - 4 Feb 2020
Cited by 11 | Viewed by 6161
Abstract
After the global crisis of 2008–2009, the world economy entered the era of restructuring. This article focuses on the risks that a new leader will face in the process of shaping the world economy. The methods employed in the research include big data [...] Read more.
After the global crisis of 2008–2009, the world economy entered the era of restructuring. This article focuses on the risks that a new leader will face in the process of shaping the world economy. The methods employed in the research include big data processing of continuous change and the results of the symmetric macroeconomic analysis based on the statistics collected by the International Monetary Fund (IMF), The Word Bank (WB), Bank for International Settlements (BIS), Central banks and Treasuries. The study results proved that the recessionary processes, their depth and global nature, are caused by a combination of world financial system crises and general civilization problems. These new systemic risks for the world economy might result in new global crises that will limit the resources of international financial institutions for sustainable development. Besides, for most banks these crises will mean shifting a big share of derivatives to the off-balance liabilities, using Special Purpose Vehicle (SPV) in deals, followed by an increase in state and corporate debts, trade wars, a slowdown of economic development in China, and widening contradictions between global and national finances. Regular research and systematization have developed certain guidelines for the global economic restructuring process. First of all, it is recommended on the base of interstate compromises to focus on international agreements to ensure a solid foundation for global finance. On the basis of the comparative analysis carried out for the USA, China and other counties, it was made clear that no one leader in world economy in 21st century views the world reserve as based on the currency of one country only. Instead, there will be a slow transition to using Special Drawing Rights (SDR) with a basket from 15–20 currencies G20. Full article
(This article belongs to the Special Issue Advances in Behavioural Finance and Economics)
Back to TopTop