ABSTRACT
In this paper has been proposed a methodology for ensuring the financial security of enterprises in the context of recession caused by the COVID-19 pandemic. Based on pre-crisis data related to the new coronavirus infection pandemic and multi-component modeling of the dynamics of industrial production in the Republic of Uzbekistan during the "corona crisis,"this study seeks to identify the dynamics of growth by economic activity type and recovery rate in order to identify areas of state support for industrial production. In this paper has been investigated issues of financial security management of textile enterprises. On the basis of secondary statistics, the growth of textile production in the regions of the Republic of Uzbekistan in 2008-2020 was analyzed and the factors influencing it were identified. By the author have been presented the main tasks and conditions for the financial security of enterprises, as well as developed scientific and practical recommendations for eliminating factors affecting the financial security of textile enterprises. © 2022 Owner/Author.
ABSTRACT
The financial industry is a high-risk industry. Once the financial industry risk happen, it will affect the economic development. Ensuring the safe, efficient and steady operation of finance and preventing systemic financial risks are the urgent needs of China's opening up to the outside world and building a well-off society in an all-round way. Stable and efficient economic development is the basis of financial risk prevention and control, which is the inherent requirement of high-quality economic development. Strengthening macro-prudential management has become the core content of financial regulatory reform in major international organizations and economies after the international coronavirus outbreak and preventing systemic financial risks is the fundamental goal of macro-prudential management. This paper takes the assessment and monitoring of China's systemic financial risks as the research object, and proposes an assessment algorithm of systemic financial risks based on risk data fuzzy clustering analysis. The established financial systemic risk measurement method can identify risks to a certain extent, deeply understand the nature, root and key areas of systemic financial risks, and build a long-term mechanism to prevent and resolve systemic financial risks. © 2022 IEEE.
ABSTRACT
Humans have been exploiting the environmental resources as much as the environment today stands in crisis. There has become an urgent need of aligning profits with peace and prosperity of people and planet. In the race of economic growth and development, the disparity between social, economic and environment has aroused. The impact of Covid-19 pandemic further has highlighted the sustainable growth to be considered for a better future. Also, viewing the United Nations Sustainable Development Goals, there needs to be responsible consumption and production. Sustainability is the greatest challenge faced by the apparel industry. The industry, running on the adrenaline of glamor, pricing and pace, has recently realized that the old systems and processes cannot sustain, but there are not enough new systems and processes to replace. We are facing redundancies in an empty-handed way. Green manufacturing is an inevitable future. The paper explores key aspects of green manufacturing from apparel industries perspective, noting down the innovation and entrepreneurial solutions to the problems, identifying gaps and future scope. © 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
ABSTRACT
The impact of anthropogenic greenhouse gas emissions on the increase in the average temperature on the planet and the risk of initiating irreversible processes are recognized by most of the scientific community as real threats to humanity. Many countries have a legal and institutional framework for a consistent industrial policy taking into account the climate and environmental components, including carbon accounting. Russia is a country with high intensity of production-based CO2 emissions. In is well-known that the industry generates necessary hence it induce demand for products from other sectors of the economy. Environmental and social parameters in the formation of industrial policy should not be considered as any limitations for the development of industry. Despite a serious change in the agenda for the industrial policy in recent years, caused by COVID-19 and by current geopolitical situation in the world, it is highly undesirable to lag behind in this area, since it is necessary for international cooperation and human technological development. Low-carbon areas correspond to the modern ideology of industrial policy for many countries. The novelty of the study is the evaluation of the total GHG (greenhouse gases) intensity of Russias industry by means of intersectoral model. The paper analyses some of industrial policy measures and their implementation that affect low-carbon economic development. The proposed study could be of interest for other economies aiming to reduce their carbon footprint. © 2022 International Multidisciplinary Scientific Geoconference. All rights reserved.
ABSTRACT
The study found that the demand for technological transformation in Ukraine on the basis of Industry 4.0 is due to a number of factors associated with low economic and social performance of production models and the external sector that do not meet the conditions of the XXI century. Testing the results of Ukraine's international activities over the past five years according to the criteria of foreign economic security has indicated a permanent state of achieving critical levels of threats. The analysis showed that the investment resource of non-resident companies does not serve as a driver of technological innovation in Ukraine due to the low level of investment attractiveness of the country. The identification of changes that correspond to the principles of neo-industrial development has confirmed that they are not systemic in nature, but rather targeted. Modernization covers individual companies in different segments of the Ukrainian market, which belong to both traditional and new industries. Transformations related to Industry 4.0 in Ukraine are accompanied not only by economic problems, but also by the political dimension. The expected positive effects of modernization of production and its optimization on the other hand have a loss of workers in traditional industries of their jobs and income. This, in the conditions of weak financial capabilities of Ukraine as a state, leads to the deepening of the processes of precarization and impoverishment. © 2023, The Author(s), under exclusive license to Springer Nature Switzerland AG.
ABSTRACT
The construction industry in many developing countries is considered the main engine for economic growth. Quantification of the resilience of the construction industry in developing economies is essential for stakeholders and decision makers. Many researchers have attempted to quantify the construction industry's resilience in the context of developed economies;however, there is lack of established measures of such quantification in developing countries. This paper proposes a framework for the composition of an index that quantifies the resilience of the construction industry in developing countries. The proposed framework is demonstrated in the context of three developing countries: Rwanda, Egypt, and Turkey. The index is composed of measures such as the construction value added to a country's gross domestic product (GDP) and employment in construction. Principal Component Analysis (PCA) is utilized for weighting and aggregation of the individual variables. Studying the causal relationship between construction growth and economic development from 1971 to 2022, results show that construction growth leads to economic development in each of the three countries. Results of the proposed index values indicate that the construction industry in each of the three countries demonstrated increased resilience by sustaining both its outputs and its employment generation aspect in the two years following the coronavirus pandemic in 2019. Quantification of the construction industry's resilience in countries where the construction growth leads to the economic growth would provide a crucial insight for stakeholders and decision makers. © 2023 American Society of Civil Engineers.
ABSTRACT
The outbreak of Covid-19 in specific areas characterized with global industrial chain reconstruction, grasps the epidemic prevention and control, while the growth of economics is the key point of government management in the post-epidemic time scale. In the last two years, various industries were affected by the outbreak of the new champions league experience "determination to keep factories and workers idle - to return to work and production - not to return to work and production”, which significantly changes the industrial performances. Both industry change and the development of the pattern of economic evaluation are equally important. This study used media platform composite index and edge parallel coordinates visualization method of combining the bundle, selected in 2020 and 2021, 11 industry information volume in 7 platform, through the medium of agenda building industry change from comparative analysis of two developing and development situation. This paper indicated that the major factors influencing the change of media attention in the course of the epidemic were the degree of social risk and the basic needs of the public. The epidemic had a great impact on the development of all industries, and the continuous improvement of the industry's ability to deal with major risks became the main trend of future development. © 2022 SPIE.
ABSTRACT
International organizations notes that the main weakness for innovation in Latin American countries is that their national research organizations only evaluate and stimulate pure academic personnel by publications and citations, forgetting those who work in industry, losing a vast potential in each country. Higher education institutions must increase the development and innovation if they want to contribute to the third mission, which means the economic development of a country, in addition to the traditional advanced education and research, to adapt to new realities for the knowledge-based economies. Commercial war, SARS COV-2, and energy crisis drive policymakers and university managers to rethink and redesign institutions. This work offers an approach to measure the research, development, and innovation capabilities of three telecommunications engineering careers in three Latin American universities in Mexico and Ecuador looking for to increasing capabilities when doing collaboration. Results confirm that the knowledge contribution in engineering is proportional to the number of supported engineering careers, even mapped to national and international rankings. Also is confirmed that research is related to the academic production, but development and innovation are more related to an effective relation to industry. © 2022 IEEE.
ABSTRACT
The Fourth Industrial Revolution - Industry 4.0 (I-4.0) provides innovators new commercial promise and challenges. For the first time, service-based disruptive technologies are included as harbingers of the Schumpeterian economic industrial waves. The strategic, tactical, and operational importance of disruptive technologies and their resultant discontinuous innovations that underpin a new industrial wave are game-changing for state, regional, national, and global economies. However, there are always barriers, both technical and social, to new technology product adoption. The COVID-19-induced industry forcing function has created a ‘low-touch economy', changing business action and creating a new normal. We focus on the challenges to the realisation of I-4.0. We use the internet of things (IoT) as our exemplar. IoT is the first service-based technology to support an industrial revolution. It challenges the traditional view of how firms compete. It is creating wealth and jobs and is an agent of societal transformation. Copyright © 2022 Inderscience Enterprises Ltd.
ABSTRACT
After experiencing problems such as shutdown and limited offline activities caused by the COVID-19 pandemic, various industries have taken the initiative to take self-help measures such as Internetization, which makes the industry economy change significantly in the post-pandemic era and makes it necessary to re-evaluate the industry economic pattern. However, online public opinion is diverse and platform content is complex. Therefore, it is essential to observe economic activities from the network information platform and complete the screening and purification of information. In order to improve the degree of quantification, and deepen the understanding of data, this paper solves the above problems through parallel coordinate visualization. At the same time, the lines in the parallel axis are used to indicate the amount and specific trend of industry information, which not only reflects the role of parallel coordinate visualization methods in industry dynamic analysis and real-time display but also makes industry development forecasts more feasible. © 2022 The authors and IOS Press.
ABSTRACT
The tourism is a trending industry in the current era of the economic growth of the country. Tourism can be explained as travelling to a place which is different from your home city or country for numerous reasons. But the tourism industry has been facing problems like Identity theft, Intermediaries, Payment failures, fake reviews, transparency, settlement, overbooking, policy and most importantly safety concerns due to COVID-19 pandemic. To overcome the above drawbacks after referring to some of the research work come up with a solution called Blockchain. Blockchain is a chain of Blocks where each block contains a set of transactions and the blocks are connected using cryptography. Mainly Blockchain and tourism have the potential to show into a really advantageous combination as this technology will offer additional security, Safety, eradication of middleman, data integrity, decentralized business models, immutability, transparency and accurate contact tracing app for Tourism Industry in Future Smart Society. This research gives the clear idea of how blockchain technology helps to overcome difficulties/Challenges in tourism industries. Our future proposed architecture BLOBIM (Blockchain Based Integrated Model) removes the third party intervention, security, safety, trust, transparency etc. © 2022 IEEE.
ABSTRACT
The transportation industry is closely related to the macroeconomic development. The transportation services index (TSI) can be used to measure the relationship between them. The freight services index in Henan Province (HNFSI) is proposed based on the TSI. The HNFSI index is used to analyze the correlation, the periodicity, and the impact of COVID-19 between the development of economic and transportation in Henan Province. The results show that the correlation coefficient between the HNFSI index and the Growth Rate of Industrial Added Value which represents trends in economic development, is 0.745. The freight transportation demand increases with a certain periodicity and regularity. Due to the influence of COVID-19, the HNFSI in January 2020 decreased by 37.7% compared to the same period of 2019, and decreased by 56.3% in February. However, after March 2020, the freight service is greatly improved. © ASCE.
ABSTRACT
The whole world is presently battling against the Coronavirus pandemic, which has tested every aspect of life. The virus spread has severe implications on the global economy. In the face of a deteriorating economic environment brought on by globalisation, Indian industries must bear the significant economic brunt and suffer severe consequences. One among the seriously affected industry is the well-reputed Indian IT industry. During COVID 19 era, employees from the IT sector have faced various troublesome situations. In the present study, a web-based survey consisting of questions concerning WFH during pandemic has been conducted to visualise the repercussions caused due to COVID 19 pandemic. This paper studies the benefits, challenges, and implications for IT firms moving forward while also analysing employees’ perceptions of the current work situation to improve the current systems. © 2023, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
ABSTRACT
The COVID-19 pandemic has severely impacted our lives, and many industries are experiencing instability. We are curious to see whether retailing businesses, one of the most robust industries in US, have been affected, and if affected, how have the industry been affected. In order to gain the required insight, we first acquire stock prices of six representative retailing companies in US, then we apply ARIMA model on the data to forecast their trends in the near future, which will imply the general robustness of the industry. This procedure includes testing the stationary of time series data of stocks, and finding the suitable ARIMA parameters for each stock, using various methods. Accuracy metrics are brought into discussion to determine how accurate our forecast is. Finally, we draw the conclusion that ARIMA model, being a suitable method for our case of study, has given us desirable result: the stocks of 6 selected retailing companies will perform steadily with slight increase at the end of the year. There are several practical values or our research: By applying ARIMA models on stocks of retailing companies, we discovered that application of such models on retailing industry is not only pragmatic, but effective;and the results of our analysis provide future researchers with insight of economy of this era of pandemic. © 2022 SPIE.
ABSTRACT
Currently on a global scale tourism development has gained significant attention for increasingly becoming an important tool for promoting economic growth. In developing countries, it is seen as a means of alleviating poverty within communities. While tourism is a multi-sector industry, there is limited empirical research on creative industries in Botswana;these include fashion, media, film, art, live events and advertising. Today the emergence and the uniqueness of local culture as a means of diversifying the tourism product in the country is gaining popularity and attention alongside tourism remaining one of Botswana’s most important services industries responsible for export. The industry is vital for employment and income generation. Currently tourism is highly based around the country’s natural resources although it has the potential to grow beyond this by diversification facilitated through unique Tourism product development interventions. This paper identifies prospects for the growth of sustainable and tourism product diversification by addressing strategic interventions using the creative industries in Botswana through means of driving innovation and technology. The paper brings forward recommendations that have the potential to underpin economic development within the country. Using a qualitative approach the paper appraises the current state of the tourism industry in Botswana not only for the revival and recovery of tourism in Botswana post Covid-19 but attempts to develop a plan for streamlining the creative industry within the realms of cultural heritage tourism and sustainability of tourism. © 2022, The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
ABSTRACT
Pharmaceutical systems are framed in a healthy spirit, with the strategic objective at both, national and international level. With the aim of building long-term sustainable economic and social development, the very function of the pharmaceutical systems has emerged to be of a crucial strategic value for nations, in the sense of capacity to rapidly produce needed medication to treat and prevent disease. This study analyzes how the pharmaceutical industry, has been rearranged to give a priority to prevention and treatment of health care, then to other lines of activity. Analyses further examines how the financing of this industry involves more than financial funds and how artificial intelligence can help humanity to fight Covid-19 and future pandemics. This research was conducted through successive interviews with representatives of public institutions, in charge of developing financial and budgetary policy, representatives of the chemical industry, pharmaceutical, and medical industries, as well as representatives of higher education institutions specializing in medicine and pharmaceuticals. This research concludes that development of the pharmaceutical sector is still largely affected by various economic policy objectives, and subject to sufficient, stable, and dedicated funding. One of the conclusions derived from this study is the necessity to help public health agencies perform key public health functions such as assessments, and policy, to ensure that communities have access to the minimum package of public health services on global bases. © 2021 ACM.
ABSTRACT
Circular economy and sustainability have become a burgeoning consciousness in the recent years. It will be better appreciated and embraced by every individual when it becomes a part of our education curriculum across the globe. This should drive inter-disciplinary innovations to foster sustainability. Rapid industrialization in the twentieth century provided a major impetus for global urbanization. This led to the development of cities around industrial areas contributing largely to the socio-economic progress around the world. Cities turned into centers of education and employment for a significant portion of the growing population. To date, people are continuously migrating from rural to urban areas in pursuit of opportunities and a better lifestyle. However, this economic growth came at a huge cost of undesirable effects on the environment as well as human health. The COVID-19 pandemic has accelerated the development of key technology trends, including digital payments, telemedicine, and robotics. These technologies can help reduce the spread of the coronavirus while helping businesses stay open. Technology can help make societies more resilient in the face of pandemics and other threats. During the COVID-19 pandemic, technology plays a crucial role in keeping our society functioning in isolation and quarantine. And these technologies may have a long-term impact beyond COVID-19. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.
ABSTRACT
The high-quality development of the express delivery industry (EDI) is an important guarantee for the efficient operation of the modern service industry and an important support for economic and social development. The outbreak of the COVID-19 at the end of 2019 has brought an unprecedented impact on economic and social development, and has also had a lot of impact on the EDI, but how and how big is the impact, prevention and control (P& C) policies, and what are the differences in the impact of different regions are questions that need to be answered. Based on the monthly scale, income and complaint data of EDI in 31 provinces and cities across China, the fixed effect model was used to analyze the direction and degree of the impact of COVID-19, its P& C measures, the stage of epidemic P& C, and the degree of epidemic damage on the development speed and quality of EDI. The results show that: 1) The COVID-19 did not affect the growth of EDI, but promoted the development of the EDI in the short term, and reduced complaints such as delay and delivery. 2) Strict P& C measures are detrimental to the development of scale & income and service quality of EDI. 3) The positive impact of the epidemic on the scale & income of EDI is mainly reflected in the first stage (January - February) after the outbreak of COVID-19, and the areas that are severely affected by the epidemic are most prominent. The conclusions of this study have important practical significance for the EDI to deal with public emergencies and improve emergency management abilities. © 2022, Editorial Board of Journal of Systems Engineering Society of China. All right reserved.
ABSTRACT
The New Space Economy has radically changed the role of the Space sector. In both Europe and Italy, the Space sector is playing a key role in accelerating economic growth, permeating the industrial ecosystem and fostering the development of innovation. The purpose of this paper is to give an overview of the activities carried out by the ESA Business Applications and InCubed+ Ambassador Platform for Italy (AP-IT) and to highlight the strategy followed in the 2020-2021 biennium, given the global and national economic difficulties of this timeframe. Indeed, AP-IT, part of the ESA Space Solutions network, aims to facilitate the development of innovation by assuming the role of enabler and promoter of the use of Integrated Applications, supporting start-ups and SMEs interested in accessing the ESA Business Applications programme and promoting the ESA InCubed+ one by organising training courses on the exploitation of hyperspectral data in conjunction with other emerging technologies such as Machine Learning, Artificial Intelligence, and Big Data. Although the 2020-2021 timeframe has been strongly influenced by the COVID-19 pandemic, this has created an opportunity to develop new innovative tools based on Space assets, favouring for example the creation of key solutions such as connectivity support for remote regions, digitisation of education, and innovative ideas aimed at counteracting the repercussions of the pandemic. Specifically, the first public call to support society against the epidemic Space in Response to COVID-19 outbreak in Italy of the ESA Business Applications programme proposed by ASI, in agreement with the Italian Minister for Technological Innovation and Digitisation, received more than 100 proposals. Italy has allocated EUR 10M and about 80% of the received proposals have been funded, exceeding expectations in terms of both quality and quantity. In this context, the vision of AP-IT is to continue to contribute to the creation of an entrepreneurial ecosystem in order to facilitate interactions between investors, stakeholders and new entrepreneurs, shaping the connective tissue between the Space sector and the rest of industrial sectors in Italy, supporting start-ups from seed stage to exit. Copyright © 2021 by the International Astronautical Federation (IAF). All rights reserved.
ABSTRACT
Every commercial activity has exaggerated due to the ruthless covid-19 pandemic. Construction sector is one among the hardest affected industry and facing multiple challenges to proceed. The entire civil engineering related activities across the country had halted due to restrictions put in the place by the Central and State Governments of India. Cumulatively, the multiple consequences of the lock down situations would cause the socio-economic condition of the industry. In these circumstances, an insight investigation was carried out by using Likert scale based questionnaire and this study is focused on the managerial condition assessment of the stakeholder of a brick manufacturing chamber, a construction industry driven unit, situated in Warangal, Telangana State, India. The problems with respect to retention of migratory labours, consequence in economic aspects of production process including health aspects of labour and its effect on the present scenario are evaluated and presented. © 2022, The Author(s), under exclusive license to Springer Nature Switzerland AG.