Home mission be a reviewer Contact us

call for paper
conference themes
invited sessions
virtual presentations
important dates
Hotel Information


Special Session on
World Economics and Global Financial Crisis: Current Issues Research and Analysis


Najiba Benabess
Norwich University, Vermont, USA

Recent developments in financial markets around the world are expected to have a ripple effect around the world.  This has started in the US and was trigged by the slumping housing market and mortgage meltdown, failure of several giant investment banking institutions such as the abrupt sale bear sterns; Lehman Brothers bankruptcy; bailout of Fannie Mae and Freddie Mac by the Federal government; and the rescue of Washington Mutual by JP Morgan Chase, and the Dow Jones loss of nearly 800 points in one day due to unfavorable financial conditions in addition to bad news of weekly U.S. jobless claims that hit 7 year-high.  The impact of economic conditions and credit crunch in the US has affected financial institutions and economies around the world.  For example, the Belgium Government efforts to rescue the Dexia bank, The Icelandic Government taking over of Glitnir, the country's third largest bank, The €35billion the German government has to pay in the bailout of Hypo Real Estate, and the British government intervention to rescue Bradford & Bingley, a mortgage bank. 

The global financial crisis will have a short and long term impact on healthcare programs, education, development, and retirements around the world.  Moreover,
advances in communication and transportation technology, combined with free-market ideology, have given goods, services, and capital unprecedented mobility. Although, this may result in better flow of goods and services around the world, the traditional North vs. South, developed vs. developing, and wealthy nations vs. poor ones are magnified under the new conditions.  In many cases, one side open world markets to their goods and take advantage of abundant, cheap labor in the less advantageous side.  Moreover, the use of international financial institutions and regional trade agreements to compel poor countries to "integrate" by reducing tariffs, privatizing state enterprises, and relaxing environmental and labor standards may have negative results such as enlarging profits for investors while offering pittance to laborers and provoking a strong backlash from civil society.

With international trade, financial transfers, and foreign direct investment, the economy is increasingly internationally interconnected. The motivation for this session is to bring researchers and scholars together to discuss the world economic crisis, globalization and free market and their impact on economies around the world.  Further, to provide financial institutions and global investment communities with case studies and applied research that can guide them in their transition to free global markets. This session is focusing on microeconomic theory, industrial organization and the microeconomic aspects of international trade, political economy and finance. 

Topics may include but not limited to:

  • World financial crisis and its impact of global economies
  • Role of Economics and Economists in world economic crisis and global markets
  • Impact of information and telecommunication development on macro and micro economics
  • Firm Behavior
  • Organizational Behavior; Transaction Costs; Property Rights
  • Production; Cost; Capital and Total Factor Productivity; Capacity
  • Personal Income, Wealth, and Their Distributions
  • Factor Income Distribution
  • Market Structure and Pricing: Perfect Competition, Oligopoly, Monopoly.
  • Industrialization; Manufacturing and Service Industries; Choice of Technology
  • International Linkages to Development
  • Role of International Organizations
  • Government and Non-Government Organizations
  • Role of World Bank, United Nations, and World trade Organization.

Papers will be evaluated for originality, significance, clarity, and contribution.  It is IBIMA policy to send complete papers to two reviewers for full blind peer review and to send a summary of review back to the author(s) .   Short papers/abstracts will be reviewed by reviewer and/or the editor.  All review comments and suggestions should be addressed in the final submission.  Submitted Papers must not have been previously published or currently submitted for publication elsewhere.

Conference proceedings will be published as an e-book on a CD (ISBN
: 978-0-9821489-0-7) and will be published on the "Communications of the IBIMA" Journal

Indicate the session name on your manuscript.  All Submissions should be sent to only one e-mail: either  Cairo2009@ibima.org or the session chair at  nbenabes@norwich.edu


Copyright © 2008 International Business Information Management Association. All rights reserved.