Pub Date : 1900-01-01DOI: 10.56902/irbe.2020.4.2.26
Puja Vyas, D. Kanzaria, A. Butani
India is the second largest producer of fruits in the world. With the increasing population, the cultivable land resource is shrinking day to day. Green Revolution in the post-independence era has shown path to developing countries for self-sufficiency in food but sustaining agricultural production against the finite natural resource base demands has shifted from the “resource degrading” chemical agriculture to a “resource protective” biological or organic farming. The major component of organic farming is: manures, green manures, intercropping, mulching, vermiculture biotechnology, bio fertilizers, biodynamic farming, bio control etc. Application of bio-fertilizer was more effective than organic manures in enhancing fruit growth parameters. When bio-fertilizer was grouped together in Red Fleshed guava and banana cv. grand nine, P-solubilizers were found to have more beneficial influence on fruit physico-chemical characteristics than that of N-fixers.
{"title":"Organic Farming In Banana And Guava","authors":"Puja Vyas, D. Kanzaria, A. Butani","doi":"10.56902/irbe.2020.4.2.26","DOIUrl":"https://doi.org/10.56902/irbe.2020.4.2.26","url":null,"abstract":"India is the second largest producer of fruits in the world. With the increasing population, the cultivable land resource is shrinking day to day. Green Revolution in the post-independence era has shown path to developing countries for self-sufficiency in food but sustaining agricultural production against the finite natural resource base demands has shifted from the “resource degrading” chemical agriculture to a “resource protective” biological or organic farming. The major component of organic farming is: manures, green manures, intercropping, mulching, vermiculture biotechnology, bio fertilizers, biodynamic farming, bio control etc. Application of bio-fertilizer was more effective than organic manures in enhancing fruit growth parameters. When bio-fertilizer was grouped together in Red Fleshed guava and banana cv. grand nine, P-solubilizers were found to have more beneficial influence on fruit physico-chemical characteristics than that of N-fixers.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"117109859","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2021.5.1.8
Aaditya Trivedi, T. Singh, K. Kishore
This study analyzes the impact of the COVID-19 pandemic on stock markets in different regions of the world. Impact of COVID-19 on the stock market is like a black swan event. To analyze the impact of COVID-19 on the stock market, study includes different indices, ratios, strategies and past events to compare. Study is focused on the stock market of countries such as the United States and India to see effects on developed and developing countries. The trends were found similar worldwide. The United States, which has been a bull market for a long time, is also experiencing a plummeting stock market. In the Dow Jones Index’s first quarter history, this year’s first quarter has marked the worst performance ever. In the year 2020, Indian stock market from 1st January to 23rd March SENSEX has plunged 37.1% and from 1st January to 18th May SENSEX has plunged 27.2%. The study tries to touch upon the past crises and its impact on various stock markets. Sentiments of an investor play a major role in the stock market. A good strategy if used in this type of stock market can help generate profits and remain stable in the volatile situation as well.
{"title":"Impact of COVID-19 on Stock Markets: An Investigation and Way Forward","authors":"Aaditya Trivedi, T. Singh, K. Kishore","doi":"10.56902/irbe.2021.5.1.8","DOIUrl":"https://doi.org/10.56902/irbe.2021.5.1.8","url":null,"abstract":"This study analyzes the impact of the COVID-19 pandemic on stock markets in different regions of the world. Impact of COVID-19 on the stock market is like a black swan event. To analyze the impact of COVID-19 on the stock market, study includes different indices, ratios, strategies and past events to compare. Study is focused on the stock market of countries such as the United States and India to see effects on developed and developing countries. The trends were found similar worldwide. The United States, which has been a bull market for a long time, is also experiencing a plummeting stock market. In the Dow Jones Index’s first quarter history, this year’s first quarter has marked the worst performance ever. In the year 2020, Indian stock market from 1st January to 23rd March SENSEX has plunged 37.1% and from 1st January to 18th May SENSEX has plunged 27.2%. The study tries to touch upon the past crises and its impact on various stock markets. Sentiments of an investor play a major role in the stock market. A good strategy if used in this type of stock market can help generate profits and remain stable in the volatile situation as well.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115249792","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2018.1.2.4
Yaya Sissoko, Niloufer Sohrabji
Ghana has been the recipient of large levels of aid since the 1980s. This coincides with significant improvements in the country including increased growth and poverty reduction. We analyze the role of foreign aid in Ghana’s success. Using annual data from 1961 to 2012, we employ an error correction model to estimate the long-run relationship between aid and conditional aid in Ghana’s economic growth. We find that conditional aid has a positive and statistically significant impact on growth. Through an examination of Ghana over three phases with varying aid and conditionality, we conclude that Ghana’s success with conditional aid is related to the country’s ownership of reforms.
{"title":"Foreign Aid Effectiveness in Ghana","authors":"Yaya Sissoko, Niloufer Sohrabji","doi":"10.56902/irbe.2018.1.2.4","DOIUrl":"https://doi.org/10.56902/irbe.2018.1.2.4","url":null,"abstract":"Ghana has been the recipient of large levels of aid since the 1980s. This coincides with significant improvements in the country including increased growth and poverty reduction. We analyze the role of foreign aid in Ghana’s success. Using annual data from 1961 to 2012, we employ an error correction model to estimate the long-run relationship between aid and conditional aid in Ghana’s economic growth. We find that conditional aid has a positive and statistically significant impact on growth. Through an examination of Ghana over three phases with varying aid and conditionality, we conclude that Ghana’s success with conditional aid is related to the country’s ownership of reforms.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"44 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114175063","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2020.4.2.32
B. R. Nandhini, B. Vimala
Human Resource Management is the strategic approach to the effective management of people in a company or Organization such that they help their business gain a competitive advantage. The overall purpose of Human Resource is to ensure that the organizational is able to achieve success through people. It practices on organizational performance. The job of HRM is the job of all such departments to ensure that the business gets the most out of its employees. The Human Resources Management needs to provide a high return on the business investment in its people and deals with not just management issues but also human as well. It has widely spread over different channels receiving an application, selection, placement, Training and development, promotional activities, performance appraisal, job definition, compensation, reward and employee participation. In this paper we discuss the reasons for organizations to have a HRM strategy as well as the business drivers that make the strategy imperative for Organizational achievement. HRM becomes a valuable tool for management to ensure the organizational success. In today’s world the human resource management plays a very vital role in the daily life. On the one hand the soft and hard human resource management influence on the business and let them develop rapidly for organizational growth and success.
{"title":"Imperative Role Of Human Resource Management In Organizational Activities","authors":"B. R. Nandhini, B. Vimala","doi":"10.56902/irbe.2020.4.2.32","DOIUrl":"https://doi.org/10.56902/irbe.2020.4.2.32","url":null,"abstract":"Human Resource Management is the strategic approach to the effective management of people in a company or Organization such that they help their business gain a competitive advantage. The overall purpose of Human Resource is to ensure that the organizational is able to achieve success through people. It practices on organizational performance. The job of HRM is the job of all such departments to ensure that the business gets the most out of its employees. The Human Resources Management needs to provide a high return on the business investment in its people and deals with not just management issues but also human as well. It has widely spread over different channels receiving an application, selection, placement, Training and development, promotional activities, performance appraisal, job definition, compensation, reward and employee participation. In this paper we discuss the reasons for organizations to have a HRM strategy as well as the business drivers that make the strategy imperative for Organizational achievement. HRM becomes a valuable tool for management to ensure the organizational success. In today’s world the human resource management plays a very vital role in the daily life. On the one hand the soft and hard human resource management influence on the business and let them develop rapidly for organizational growth and success.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"9 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130898179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2022.6.1.3
Charles Segun Ilelaboye, M. Alade
This study examines the effect of environmental accounting on the performance of family-owned companies in Nigeria using restoration cost, community development costs and health & security costs as surrogates. The study used ex-post facto research design. The population of the study consisted of all 12 family-owned companies across industrial and oil & gas sectors that were quoted on the Nigerian Stock Exchange (NSE). Purposive sampling technique was used to select six (6) family-owned companies that disclosed environmental information. Data were gleaned from the annual reports of the sampled companies covering 2012-2020. The study used descriptive statistics, correlation and Ordinary Least Squared techniques for data analysis. The findings showed that restoration cost has a negative and insignificant effect on the financial performance, and community development cost has a negative and significant effect, while health safety cost has a positive and insignificant effect on financial performance. The study concludes that only health safety costs have the potential to increase the performance of family-owned companies in Nigeria. The study recommends that payment of health and safety costs should be sustained. Furthermore, stakeholders in the companies should constitute a “Trust Fund Trustees” that will handle community development costs for fairness and accountability.
{"title":"Environmental Accounting and Financial Performance of Listed Family-Owned Companies in Nigeria","authors":"Charles Segun Ilelaboye, M. Alade","doi":"10.56902/irbe.2022.6.1.3","DOIUrl":"https://doi.org/10.56902/irbe.2022.6.1.3","url":null,"abstract":"This study examines the effect of environmental accounting on the performance of family-owned companies in Nigeria using restoration cost, community development costs and health & security costs as surrogates. The study used ex-post facto research design. The population of the study consisted of all 12 family-owned companies across industrial and oil & gas sectors that were quoted on the Nigerian Stock Exchange (NSE). Purposive sampling technique was used to select six (6) family-owned companies that disclosed environmental information. Data were gleaned from the annual reports of the sampled companies covering 2012-2020. The study used descriptive statistics, correlation and Ordinary Least Squared techniques for data analysis. The findings showed that restoration cost has a negative and insignificant effect on the financial performance, and community development cost has a negative and significant effect, while health safety cost has a positive and insignificant effect on financial performance. The study concludes that only health safety costs have the potential to increase the performance of family-owned companies in Nigeria. The study recommends that payment of health and safety costs should be sustained. Furthermore, stakeholders in the companies should constitute a “Trust Fund Trustees” that will handle community development costs for fairness and accountability.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"140 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127020693","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2018.2.2.4
Zachary Gann
This paper intends to apply the Hubbert curve to the production of rare earth elements by the United States, China, and total global production. The goal of this research is to see if the production of rare earth elements follows the predicted production forecasted by the Hubbert curve and to observe if the curve can create usable predictions of future production. Global demand for rare earth elements has drastically increased in the modern era due to their unique properties. Global production has increased as well to meet this increased demand. Rare earth elements are a collection of seventeen chemical elements that are used in the production of advanced technologies. The demand for rare earth elements has increased in the modern era with new applications for them being discovered and the increasing demand for green energy which requires rare earth elements in its production. The United States was chosen to be examined due to its long history of producing rare earth elements. The United States was also the largest supplier of rare earth elements before China overtook them in rare earth element production. Ever since China became the top producer of rare earth elements, the United States’ production of rare earth has declined. Production reached zero in 2016 due to the lone company that mines rare earth elements in the country filing for bankruptcy. This caused their only mine to be put on care and maintenance. This meant that the United States had to import all of the rare earth metals it requires until the mine reopens or until new mines are created. China was chosen as the other country to analyze because it has the largest known reserves of rare earth metals and is the largest supplier of rare earth elements in the world market today. China’s supply of rare earth metals for the market is also affected by its own increasing demand for rare earth due to its rising industrial sector and their government trying to preserve their reserves of rare earth metals. It was concluded that observed REE production does follow the trend predicted by the Hubbert curve, but the Hubbert curve does not create accurate predictions of future REE productions due to its simplicity. The first section of this paper is a literature review that scrutinizes previous research done about rare earth elements and the Hubbert curve. The reasoning behind this analysis is to get a better understanding of the state of the rare earth elements market and to create a basis for the research of this paper to be conducted on. Correspondingly in this section, the equation of the Hubbert curve and the theoretical implications of its results will also be discussed. The data and regressions will be described that look at the application of the Hubbert curve to the United States’ rare earth element production, China’s rare earth element production and global rare earth production in the next section. The results of this research will be thoroughly described in the conclusion alongside wha
{"title":"The Hubbert Curve and Rare Earth Elements Production","authors":"Zachary Gann","doi":"10.56902/irbe.2018.2.2.4","DOIUrl":"https://doi.org/10.56902/irbe.2018.2.2.4","url":null,"abstract":"This paper intends to apply the Hubbert curve to the production of rare earth elements by the United States, China, and total global production. The goal of this research is to see if the production of rare earth elements follows the predicted production forecasted by the Hubbert curve and to observe if the curve can create usable predictions of future production. Global demand for rare earth elements has drastically increased in the modern era due to their unique properties. Global production has increased as well to meet this increased demand. Rare earth elements are a collection of seventeen chemical elements that are used in the production of advanced technologies. The demand for rare earth elements has increased in the modern era with new applications for them being discovered and the increasing demand for green energy which requires rare earth elements in its production. The United States was chosen to be examined due to its long history of producing rare earth elements. The United States was also the largest supplier of rare earth elements before China overtook them in rare earth element production. Ever since China became the top producer of rare earth elements, the United States’ production of rare earth has declined. Production reached zero in 2016 due to the lone company that mines rare earth elements in the country filing for bankruptcy. This caused their only mine to be put on care and maintenance. This meant that the United States had to import all of the rare earth metals it requires until the mine reopens or until new mines are created. China was chosen as the other country to analyze because it has the largest known reserves of rare earth metals and is the largest supplier of rare earth elements in the world market today. China’s supply of rare earth metals for the market is also affected by its own increasing demand for rare earth due to its rising industrial sector and their government trying to preserve their reserves of rare earth metals. It was concluded that observed REE production does follow the trend predicted by the Hubbert curve, but the Hubbert curve does not create accurate predictions of future REE productions due to its simplicity. The first section of this paper is a literature review that scrutinizes previous research done about rare earth elements and the Hubbert curve. The reasoning behind this analysis is to get a better understanding of the state of the rare earth elements market and to create a basis for the research of this paper to be conducted on. Correspondingly in this section, the equation of the Hubbert curve and the theoretical implications of its results will also be discussed. The data and regressions will be described that look at the application of the Hubbert curve to the United States’ rare earth element production, China’s rare earth element production and global rare earth production in the next section. The results of this research will be thoroughly described in the conclusion alongside wha","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"531 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124264582","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2020.4.2.50
C. Rani
Outcome-based education, a performance- based approach at the cutting edge of curriculum development, offers a powerful and appealing way of reforming and managing medical education. The emphasis is on the product-what sort of doctor will be produced-rather than on the educational process In study and unambiguously specified. These determine the curriculum content and its organization, the teaching methods and strategies, the courses offered, the assessment process, the educational environment and the curriculum time table. They also provide a framework for curriculum evaluation. A doctor is a unique combination of different kinds of abilities. A three-circle model can be used to present the learning outcomes in medical education, with the tasks to be performed by the doctor in the inner core, the approaches to the performance of the tasks in the middle area, and the growth of the individual and his or her role in the practice of medicine in the outer area. Medical schools need to prepare young doctors to practice in an increasingly complex healthcare scene with changing patient and public expectations, and increasing demands from employing authorities. Outcome-based education offers many advantages as a way of achieving this. It emphasizes relevance in the curriculum and accountability, and can provide a clear and unambiguous framework for curriculum planning which has an intuitive appeal. It encourages the teacher and the student to share responsibility for learning and it can guide student assessment and course evaluation. What sort of outcomes should be covered in a curriculum, how should they be assessed and how should outcome-based education be implemented are issues that need to be addressed. In the era of globalization, traditional education system is losing its relevance. In today’s world, everything changes very rapidly and continuously. More skills are required to work with very fast developing technology. The educational institutions should produce graduates to cope with technological development. Thus to overcome the requirement, it is mandatory to shift from traditional education system to Outcome Based Education (OBE), which includes Program Outcomes (PO), Program Specific Outcomes (PSO), and Course Outcomes.
{"title":"A Study On Outcome-Based Education – Issues And Challenges","authors":"C. Rani","doi":"10.56902/irbe.2020.4.2.50","DOIUrl":"https://doi.org/10.56902/irbe.2020.4.2.50","url":null,"abstract":"Outcome-based education, a performance- based approach at the cutting edge of curriculum development, offers a powerful and appealing way of reforming and managing medical education. The emphasis is on the product-what sort of doctor will be produced-rather than on the educational process In study and unambiguously specified. These determine the curriculum content and its organization, the teaching methods and strategies, the courses offered, the assessment process, the educational environment and the curriculum time table. They also provide a framework for curriculum evaluation. A doctor is a unique combination of different kinds of abilities. A three-circle model can be used to present the learning outcomes in medical education, with the tasks to be performed by the doctor in the inner core, the approaches to the performance of the tasks in the middle area, and the growth of the individual and his or her role in the practice of medicine in the outer area. Medical schools need to prepare young doctors to practice in an increasingly complex healthcare scene with changing patient and public expectations, and increasing demands from employing authorities. Outcome-based education offers many advantages as a way of achieving this. It emphasizes relevance in the curriculum and accountability, and can provide a clear and unambiguous framework for curriculum planning which has an intuitive appeal. It encourages the teacher and the student to share responsibility for learning and it can guide student assessment and course evaluation. What sort of outcomes should be covered in a curriculum, how should they be assessed and how should outcome-based education be implemented are issues that need to be addressed. In the era of globalization, traditional education system is losing its relevance. In today’s world, everything changes very rapidly and continuously. More skills are required to work with very fast developing technology. The educational institutions should produce graduates to cope with technological development. Thus to overcome the requirement, it is mandatory to shift from traditional education system to Outcome Based Education (OBE), which includes Program Outcomes (PO), Program Specific Outcomes (PSO), and Course Outcomes.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116679748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2018.2.1.1
Narender Thakur, Vishnu Das Gupta
This paper econometrically tests the Feldstein-Horioka hypotheses. It uses the domestic savings and domestic investments variables in India and the US in the period 1960- 2014. The Feldstein-Horioka hypotheses states that the cointegration relationship between domestic savings and domestic investments weakens in a country with higher foreign capital mobility and vice-versa. We find that the co-integration relation between the two time-series variables is weakened in the case of the US economy as compared to the Indian economy. These results have policy implications for India as it is opening itself up more to inward foreign investment.
{"title":"Co-Integration Between Savings and Investment in India and the US: An Econometric Analysis of Feldstein-Horioka Hypothesis","authors":"Narender Thakur, Vishnu Das Gupta","doi":"10.56902/irbe.2018.2.1.1","DOIUrl":"https://doi.org/10.56902/irbe.2018.2.1.1","url":null,"abstract":"This paper econometrically tests the Feldstein-Horioka hypotheses. It uses the domestic savings and domestic investments variables in India and the US in the period 1960- 2014. The Feldstein-Horioka hypotheses states that the cointegration relationship between domestic savings and domestic investments weakens in a country with higher foreign capital mobility and vice-versa. We find that the co-integration relation between the two time-series variables is weakened in the case of the US economy as compared to the Indian economy. These results have policy implications for India as it is opening itself up more to inward foreign investment.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116849714","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2020.4.2.5
Satinderbir Kaur, Anterpreet Kaur
Due to Corona Virus Pandemic (Covid-19), several countries across the world resorted to lockdowns in order to protect their people from getting infected from the virus. But these lockdowns confined millions of citizens to their homes restricting their mobility. Restricted mobilization resulted in shutting down businesses and ceasing almost all economic activities. According to the International Monetary Fund (IMF), the global economy is expected to shrink by over 3 per cent in 2020, the steepest slowdown since the Great Depression of the 1930s. Another analysis by International Monetary Fund reveals that demand in the manufacturing sector has gone down in many countries of the world that further resulted in unemployment. During the lockdown, an estimated 14 crore (140 million) people lost employment while salaries were cut for many others. More than 45 per cent of households across the nation have reported an income drop as compared to the previous year. Thus, Covid-19/ Crona virus outbreak has presented new and significant downside risks to the global economic outlook. In the case of India too, some economists revealed that during lockdown there is ajoblossof40millionpeople(MRD report) in the country, that’s too in the unorganized sectors. Moreover, with the advent of the lockdown most of the sector shifted their functioning online or work from home in order to sustain their working. During shutdown it is also observed that the digital world got a push, sale of mobile phones and related gadgets increased. The small as well as big traders, businessmen started using apps like watsepp, Face book, Twitter, YouTube, and Instagram, PayTM etc more frequently. Undoubtedly, social media has helped in sustaining economy and business during the Corona Virus Pandemic. The present research work is an effort to look upon the role of social media in sustaining business during lockdown. Data were collected empirically again with the help of social media. Results revealed that impacts of lockdown were different on different types of businesses.
{"title":"Role Of Social Media In Sustaining Business During Corona Virus Pandemic","authors":"Satinderbir Kaur, Anterpreet Kaur","doi":"10.56902/irbe.2020.4.2.5","DOIUrl":"https://doi.org/10.56902/irbe.2020.4.2.5","url":null,"abstract":"Due to Corona Virus Pandemic (Covid-19), several countries across the world resorted to lockdowns in order to protect their people from getting infected from the virus. But these lockdowns confined millions of citizens to their homes restricting their mobility. Restricted mobilization resulted in shutting down businesses and ceasing almost all economic activities. According to the International Monetary Fund (IMF), the global economy is expected to shrink by over 3 per cent in 2020, the steepest slowdown since the Great Depression of the 1930s. Another analysis by International Monetary Fund reveals that demand in the manufacturing sector has gone down in many countries of the world that further resulted in unemployment. During the lockdown, an estimated 14 crore (140 million) people lost employment while salaries were cut for many others. More than 45 per cent of households across the nation have reported an income drop as compared to the previous year. Thus, Covid-19/ Crona virus outbreak has presented new and significant downside risks to the global economic outlook. In the case of India too, some economists revealed that during lockdown there is ajoblossof40millionpeople(MRD report) in the country, that’s too in the unorganized sectors. Moreover, with the advent of the lockdown most of the sector shifted their functioning online or work from home in order to sustain their working. During shutdown it is also observed that the digital world got a push, sale of mobile phones and related gadgets increased. The small as well as big traders, businessmen started using apps like watsepp, Face book, Twitter, YouTube, and Instagram, PayTM etc more frequently. Undoubtedly, social media has helped in sustaining economy and business during the Corona Virus Pandemic. The present research work is an effort to look upon the role of social media in sustaining business during lockdown. Data were collected empirically again with the help of social media. Results revealed that impacts of lockdown were different on different types of businesses.","PeriodicalId":415549,"journal":{"name":"International Review of Business and Economics","volume":"14 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124901000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 1900-01-01DOI: 10.56902/irbe.2018.2.1.5
Abhith Pallegar
The traditional flow of cutting-edge technologies observed over the last 100 years was from government supported defense space to its broader application in the civilian domain. We have seen technology flow into consumer products years after its introduction in defense applications. Most common examples of this movement were the invention and incubation of the Internet and Global Positioning System in prestigious national labs, which later trickled down to benefit millions. But there seems to be a shift in the tide of innovation where consumer market has been influential in developing a range of technologies which have flown the other way around. This article focuses on the technologies incubated in the consumer space and its push upward to disrupt other areas. We explore how innovations in the consumer electronics industry have made it cost efficient and more accessible to build, launch rockets and satellites. We illustrate how new technologies can facilitate more significant involvement in the space sector by private companies and educational institutions. We explore how this shift in innovation can influence the Aerospace industry to open up unlimited possibilities for humanity.
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