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Global Financial Crisis and the Clamor for a New World Financial Order – An African Perspective  [cached]
S. Gozie Ogbodo
Journal of Politics and Law , 2009, DOI: 10.5539/jpl.v2n3p76
Abstract: The Bretton Woods institutions (BWIs) form the core of the world’s international financial institutions (IFIs). In the light of the current financial and economic meltdown, the failure of the BWIs to forecast and cushion the impact for member countries, particularly; its graver consequences for developing countries have exposed the inherent weaknesses in the system. Consequently, there has arisen the call for a new world financial order that will be more representative of the world.
Global Financial Tsunami Impacts Russian Economy  [cached]
Chunyang Shi
International Journal of Economics and Finance , 2010, DOI: 10.5539/ijef.v2n1p198
Abstract: Russian economy depends on energy resources highly. Due to impacts of the financial crisis and the sharp decrease of oil price, Russian economy driven by “Petro-dollar” tends to develop slowly. The overwhelming financial tsunami not only impacts Russian financial system but also influences Russian substantial economy. Russian government adopts relevant financial policies in time, keeping the stability of domestic currency, depressing the inflation, and enhancing the support for SMEs and substantial economy. In 2009, Russian economy recovers its vitality, stepping forward steadily.
D. Palermo,I. Nistor
Science of Tsunami Hazards , 2008,
Abstract: The potential catastrophic effects of tsunami-induced loading on built infrastructure in the vicinity of shorelines have been brought to the fore by recent global events. However, state- of-the-art building codes remain silent or provide conflicting guidance on designing near- shoreline structures in tsunami-prone areas. This paper focuses on tsunami-induced loading and its effect on structures within the Canadian context. The mechanics of tsunami-induced loading is described based on knowledge gained during reconnaissance visits after the 2004 south-east Asia Tsunami, as well as post-construction visits to countries significantly affected by the destructive forces of the tsunami. To gain an appreciation of the magnitude of tsunami-induced bores for a given seismic event along the western coastal region of Canada, structural analysis of a simple near-shoreline structure was performed considering a proposed loading protocol for tsunami-induced hydraulic bores. These loads were further compared to seismic loading in order to provide an estimation of the tsunami risk and its impact. The work was complemented by experimental results from a large-scale testing program conducted with the purpose of estimating the forces experienced on structural components. Square-, rectangular-, and diamond-shaped columns were used to study the influence of shape. Furthermore, results from debris impact testing are also discussed.
Spontaneous Economic Order  [PDF]
Yong Tao
Quantitative Finance , 2012,
Abstract: This paper provides an attempt to formalize Hayek's notion of spontaneous order within the framework of the Arrow-Debreu economy. Our study shows that if a competitive economy is enough fair and free, then a spontaneous economic order shall emerge in long-run competitive equilibria so that social members together occupy an optimal distribution of income. Despite this, the spontaneous order might degenerate in the form of economic crises whenever an equilibrium economy approaches the extreme competition. Remarkably, such a theoretical framework of spontaneous order provides a bridge linking Austrian economics and Neoclassical economics, where we shall comprehend a truth: "Freedom promotes technological progress".
Order in Spontaneous Behavior  [PDF]
Alexander Maye, Chih-hao Hsieh, George Sugihara, Bj?rn Brembs
PLOS ONE , 2007, DOI: 10.1371/journal.pone.0000443
Abstract: Brains are usually described as input/output systems: they transform sensory input into motor output. However, the motor output of brains (behavior) is notoriously variable, even under identical sensory conditions. The question of whether this behavioral variability merely reflects residual deviations due to extrinsic random noise in such otherwise deterministic systems or an intrinsic, adaptive indeterminacy trait is central for the basic understanding of brain function. Instead of random noise, we find a fractal order (resembling Lévy flights) in the temporal structure of spontaneous flight maneuvers in tethered Drosophila fruit flies. Lévy-like probabilistic behavior patterns are evolutionarily conserved, suggesting a general neural mechanism underlying spontaneous behavior. Drosophila can produce these patterns endogenously, without any external cues. The fly's behavior is controlled by brain circuits which operate as a nonlinear system with unstable dynamics far from equilibrium. These findings suggest that both general models of brain function and autonomous agents ought to include biologically relevant nonlinear, endogenous behavior-initiating mechanisms if they strive to realistically simulate biological brains or out-compete other agents.
Building Damage and Business Continuity Management in the Event of Natural Hazards: Case Study of the 2004 Tsunami in Sri Lanka  [PDF]
Chandana Dinesh Parape,Chinthaka Premachandra,Masayuki Tamura,Abdul Bari,Ranjith Disanayake,Duminda Welikanna,Shengye Jin,Masami Sugiura
Sustainability , 2013, DOI: 10.3390/su5020456
Abstract: The Sumatra Earthquake and Indian Ocean Tsunami event on the 26 December 2004 has provided a unique and valuable opportunity to evaluate the performance of various structures, facilities and lifeline systems during the tsunami wave attacks. There are especial ly meaningful observations concerning the structural changes due to the tsunami forces, which open up a wide area of research to develop the mitigation procedure. The business restoration process of business companies in terms of buildings, facilities and lifelines have shown greater research interest. In this study, we investigate d the restoration process of business sectors in East and S outh coastal region in Sri Lanka after the 2004 Indian Ocean Tsunami . A field survey was conducted in East and S outh coast of Sri Lanka, in order to study the affecting parameters to damage assessment in the restoration process of the business companies. T he results of the questionnaire-based field survey are then compared with the statistical analysis results . Finally, the factors affecting the restoration process after the tsunami are identified. As a main conclusion, financial support could be the most important reason for delay s in restoration. Moreover, i t has been observed that the tsunami inundation level of higher than one meter may have had more effect concerning the damage to the structures and requires additional time for restoration than other areas .
Gregory A Petsko
Genome Biology , 2005, DOI: 10.1186/gb-2005-6-2-104
Abstract: The word 'tsunami' comes from the Japanese words for harbor (tsu) and wave (nami). It refers to a series of giant undersea waves that travel at high velocity for very long distances, and that crest when they hit a shoreline in the form of a devastating surge, sometimes as much as 30 meters high. Tsunamis are often called 'tidal waves' but that's a misnomer: the phenomenon has nothing to do with the tides. It has its origins, like everything else that involves the earth's surface, in plate tectonics.It is hard to imagine that the theory of plate tectonics, which is at the heart of all modern geological science, is only a hundred years old and was not widely accepted until the 1970s. Schoolchildren had noticed for hundreds of years that the facing shapes of South America and Africa could be fitted neatly together like pieces of a jigsaw puzzle to make a single entity (Francis Bacon had noticed it in 1620 but drew no conclusion), but it wasn't until 1908 that the amateur American geologist Frank Bursley Taylor proposed that the continents had once slid around and that this motion might have thrust up the world's mountain chains. His theory was taken up by the German planetary astronomer-turned-meteorologist Alfred Wegener, who in 1912 proposed that all the world's continents had once been part of a single giant landmass he called Pangaea, which had split apart in a process of lateral motion that was still continuing. Traditional geologists attacked both Wegener and his ideas viciously, and it wasn't until the decade after his death (he froze to death on a scientific expedition in Greenland in 1930) that the great English geologist Arthur Holmes provided an explanation for how Wegener's motion could occur. In a textbook published in 1944 he speculated that heat caused by the decay of radioactive elements in the earth's crust could produce powerful convection currents that could slide the continents around on the earth's surface. He has probably as good a claim as anyone
The Financial Arm Of The FARC: A Threat Finance Perspective  [PDF]
Thomas Cook
Journal of Strategic Security , 2011,
Abstract: The FARC (Fuerzas Armadas Revolucionarias de Colombia or Revolutionary Armed Forces of Colombia) transformed from a traditional guerrilla group into a full-fledged insurgency because of its ability to effectively convert the proceeds derived from illegal narcotic trafficking into operational funds. Those financial capabilities allowed the FARC to challenge government authority in large swathes of the Colombian state. The FARC moved into the drug trade, initially controlling production territory and subsequently engaging in trafficking, which allowed the organization to increase its war-fighting capabilities. This paper only scratches the surface of the mechanism by which the FARC utilized its coca revenue in order to fund its community reinvestment programs, engage in large scale military buildup, and buy political support throughout the region. The exploration of the financial side of the FARC adds to our understanding of how insurgencies become successful. Based on open source information, Threat Finance and financial investigative techniques are underutilized in foreign policy, law enforcement, and intelligence. The critical role played by financing in the rise of the FARC suggests that Threat Finance efforts can be most effective when used to track terrorist and criminal networks. American law enforcement and intelligence agencies should be given bigger budgets and tasked earlier to shut down or disrupt financial networks of foreign insurgencies, such as the FARC.
The COTEC Innovative SME Network from an economic and financial perspective
Bento,Paulo; Sousa,Helena Pindo De; Oliveira,Jo?o;
Economia Global e Gest?o , 2012,
Abstract: this article examines the cotec innovative sme network from an economic and financial perspective. the cotec network is a group of companies that strives to be a reference for value creation in portugal by adopting innovative attitudes and undertaking innovative activities. this analysis is made at the network and sector levels. portugal’s non-financial smes (at the national level) are the benchmark for the network, and the non-financial smes for each economic sector in the country are the benchmark for the cotec sectors. although the conclusions require confirmation in future research, they indicate that companies in the network have much higher levels of economic profitability and financial robustness than portugal’s smes in general, both as a whole and by sector.
Zygmunt Kowalik,Tatiana Proshutinsky,Andrey Proshutinsky
Science of Tsunami Hazards , 2006,
Abstract: In this paper we investigate important dynamics defining tsunami enhancement in the coastal regions and related to interaction with tides. Observations and computations of the Indian Ocean Tsunami usually show amplifications of the tsunami in the near-shore regions due to water shoaling. Additionally, numerous observations depicted quite long ringing of tsunami oscillations in the coastal regions, suggesting either local resonance or the local trapping of the tsunami energy. In the real ocean, the short-period tsunami wave rides on the longer-period tides. The question is whether these two waves can be superposed linearly for the purpose of determining the resulting sea surface height (SSH) or rather in the shallow water they interact nonlinearly, enhancing/reducing the total sea level and currents. Since the near–shore bathymetry is important for the run-up computation, Weisz and Winter (2005) demonstrated that the changes of depth caused by tides should not be neglected in tsunami run-up considerations. On the other hand, we hypothesize that much more significant effect of the tsunami-tide interaction should be observed through the tidal and tsunami currents. In order to test this hypothesis we apply a simple set of 1-D equations of motion and continuity to demonstrate the dynamics of tsunami and tide interaction in the vicinity of the shelf break for two coastal domains: shallow waters of an elongated inlet and narrow shelf typical for deep waters of the Gulf of Alaska.
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