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.
World Economics and Global Financial Crisis: Current Issues Research
Norwich University, Vermont, USA
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.
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
Behavior; Transaction Costs; Property Rights
- Production; Cost;
Capital and Total Factor Productivity; Capacity
- Personal Income,
Wealth, and Their Distributions
- Factor Income
- Market Structure and
Pricing: Perfect Competition, Oligopoly, Monopoly.
Manufacturing and Service Industries; Choice of Technology
Linkages to Development
- Role of International
- Government and
- Role of World Bank,
United Nations, and World trade Organization.
will be evaluated for
originality, significance, clarity, and contribution. It is IBIMA
policy to send complete papers to two reviewers for full blind peer
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"
the session name on your manuscript.
All Submissions should be sent to only one e-mail: either Cairo2009@ibima.org
chair at email@example.com
2008 International Business Information Management Association.
All rights reserved.