CCJ.V1.2016

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May 2016 – Vol. 1

ISSN 2573-5691 (online)

Role of Institutions in Sustainable and Socially Equitable Development

by Nader H. Asgary

The objective of this brief communication is to start a conversation about the critical role that institutions play in sustainable development and how each of us as can assist with the development and nurturing of institutions.  Our goal is to nurture equitable and sustainable economic and social development.  There is so much to be done, especially when change triggers violence and tension among those who feel threatened by progress.  Cyrus Institute of Knowledge (CIK) offers positive and constructive alternatives to such horrific and counterproductive responses.  CIK is an educational and scientific secular and nonpartisan institute, dedicated to peace, cooperation, harmony, and nonviolence.  CIK’s mission and values are shown in the banners put up in this conference.  While here I touch upon a few issues, there are interesting papers in the conference which will analyze many issues in-depth.


Ethnicity in the Middle East and Neighboring Regions: Developing Appropriate Economic Strategies and Policies

by Alf. H. Walle

Indigenous people and ethnic minorities face economic and social pressures that potentially disturb the social order, undercut cooperation, and spawn distrust.  Such pressures can threaten prosperity, peace, and security for all.  Strategies are needed that help distinctive groups gain parity, self-determinism, and sustainability.  Supplementing neoclassical economic models with more socially relevant paradigms (such as substantive economic anthropology and the triple bottom line) are means of doing so.  Regions ethnic groups are showcased to demonstrate the value of such an approach.


The Rial-Dollar Exchange Rate and Purchasing Power Parity Theory

by Mohsen Bahmani-Oskooee and Sahar Bahmani

Since the 1979 Islamic Revolution in Iran, Iranian currency has depreciated from 70 rials per dollar to as low as some 36000 rials per dollar. Has this movement followed the path predicted by the well-known Purchasing Power Parity (PPP) theory? In this paper, we show that the answer is in the affirmative and the dominating factor causing the decline is domestic inflation. Following the theory, we predict a rate of almost 47000 rials to the dollar.


Globalization and Economic Growth Revisited: A Bootstrap Panel Causality Test

by Hsiao-Ping Chu, Tsangyao Chang and Tagi Sagafi-nejad

This paper revisits the nature and direction of causation between globalization and economic growth in nine OECD countries and China by applying the bootstrap panel Granger causality test to the data over the period of 1981-2008. Empirical results support evidence on causality from globalization to economic growth for Netherlands and the UK; causality from economic growth to globalization in the US, neutrality for Australia, Belgium, Canada, France, Italy, and Japan. Based on the empirical results from this paper, we provide important policy implications for the OECD countries and China.

Keywords: Globalization; Economic Growth; OECD Countries; China; Bootstrap Panel Causality Test


Natural Resources and Economic Development: The Case of Afghanistan

by Hamidullah Farooqi and Nader H. Asgary

This paper examines the role of natural resources in the sustainable economic development of Afghanistan.  We analyze Dutch disease theory and its implication for the case of Afghanistan.  Additionally, we appCommunity-Based Based Natural Resource Management (CBNRM) strategy for effective resource management and avoidance of Dutch disease.   CBNRM will benefit all stakeholders by engaging them in the decision-making and implementation process.  We describe historical lessons learned are by other countries with abundant natural resources to support sustainable development.  We describe various ways in which natural resources can be used to serve the best interest of Afghanistan in general as well as distinct Afghan communities.

Keywords: Natural resources, Extractive industries, Dutch Disease, Community Based Resource Management; Development, Afghanistan


Information Technology in the Global Strategy of a Multinational Bank from an Emerging Economy

by Satya Prakash Saraswat

Based on a survey and extended interviews with 78 domestic and international managers of a leading bank in India, this paper identifies some problems encountered with the utilization of Information and Communications Technology (ICT) by this enterprise in its global marketing strategy.  A comparative analysis of the survey responses reveals recognizable differences among managers within and outside India concerning the problems and prospects of ICT as an instrument of global business strategy.  Twenty problems that can diminish the influence of ICT in this strategy are identified and classified into four categories: Infrastructure, Regulation and Restrictions, Training and Culture, and Financial Constraints.  The study finds that ICT has assisted the bank in maintaining its global competitiveness but the international managers of the bank do not agree that it has generated any competitive advantage. Using a qualitative methodological approach, this paper systematically explores the problems and prospects of ICT as an important supporting factor in the global strategy of a multinational bank from India.

Keywords: Global Information Technology, Information Technology Strategy, Multinational banking


BOOK REVIEW

Business Ethics: A Stakeholder & Issues Management Approach, 6th edition, 2014

Book Review by Ellen McIntire, Office of Ethics and Compliance, Raytheon Company

Author: Joseph W. Weiss, Professor of Management, Bentley University

Publisher: Berrett-Koehler Publishers; 6 edition (July 14, 2014)
ISBN-10: 1626561400
ISBN-13: 978-1626561403

 

 

The Globalization of Inequality

Book Review by Jasmine Morin, Bentley University

Author: Francois Bourguignon

Publisher: Princeton University Press (April 20, 2015)
Language: English
ISBN-10: 069116052X
ISBN-13: 978-0691160528

 

Reintegrating Iran with the West: Challenges and Opportunities

Book Review by Saeb Al. Ganideh, Associate Professor, and Chair, Dept. of Marketing Al-Zaytoonah University of Jordan, Amman

Author: Mohammad N. Elahee, Farid Sadrieh and Mike Wilman

Publisher: Emerald Group Publishing Limited (June 12, 2015)
ISBN-10: 1784417424
ISBN-13: 978-1784417420

 

ISSN 2573-5691 (online)

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