The term “knowledge economy” was first coined in the 1960s by Peter Drucker. The management consultant used the term to describe a shift from traditional economies, where there was a reliance on unskilled labor and primary production, to economies reli
Epstein (2005) refers to financialisation as the ‘increasing role of financial motives, financial markets, financial actors and financial institutions’ in the economy [29]. Others have described financialisation as the methods and practices through which value is increasingly extracted from the ‘...
The dominant view of privatisation is that it is largely as a government economic or fiscal technique, concerned with transferring activities and / or assets from the public to the private sector. Although correct, this is arguably a narrow and one-dimensional view, as it focuses exclusively on ...
2022). Currently, there is significant attention on the research of user behavior in mobile payments. First, at the regional level, research (Boden et al.,2020) shows that the adoption of mobile payments varies among countries around the world....
So, similarly to the “paradox of debt”, this implies an anti-cyclical aggregate leverage ratio. The paper develops the detailed criteria to classify firms according to Minsky’s typology below. This notion is based on the accelerator effects of investment, starting from the firm-level, well ...
U.S. policy toward Iran has for years faced a paradox that has been poorly understood: The coercive policies needed to counter the Islamic Republic’s nuclear and regional ambitions — i.e., sanctions — may inadvertently serve to strengthen, not weaken, the regime’s grip on power. ...
Paradox of Thrift The paradox of thrift was popularised by British economist John Maynard Keynes and is a central component of Keynesian economics. Proponents of Keynesian economics believe the proper response to a recession is more spending, more risk-taking, and less saving. They also believe ...
1、Because he is tired of listening to his father and he is not interested in grammar rules. 2、The civilization of Greece and the glory of Roman architecture are so marvelous and remarkable that they should be described at least in a brief account; however, what the student could do was...
The massive expansion of US higher education after World War II is a sociological puzzle: a spectacular feat of state capacity-building in a highly federat
Creative destruction is sometimes called the paradox of progress because, for industries to grow, there must necessarily be losers. Creative destruction is arguably most associated with advances in personal transportation, but it has also been seen in photography, music, travel, and entertainment. ...