Fast Moving Consumer Goods: Competitive Conditions and Policies

Fast moving consumer goods (FMCGs) constitute a large part of consumers' budget in all countries. The retail sector for FMCGs in Turkey is in the process of a drastic transformation. New, "modern" retail formats, like chain stores and hyper/supermarkets, have rapidly diffused in almost all major urban areas, and increased their market share at the expense of traditional formats (grocery shops, green groceries, etc.) in the last couple of decades. This rapid transformation has raised concerns about competitive conditions in the sector. This study is aimed at to shed light on competitive conditions prevailing in the FMCGs retail trade sector in Turkey. We analyze how the structure of the market is being transformed in recent years by new retail formats. The study is focused on the analysis of competitive dynamics (inter-firm rivalry, pricing and non-price policies, barriers to entry, regulatory conditions, etc.) within the sector, and draws lessons for competition policy.FMCG, competition policy, Turkey

Assessing medicinal plants as the linkage between healthcare, livelihood and biodiversity: a case study from native villages surrounding a second-tier city in the central Peruvian Amazon

Medicinal plants are still used for healthcare and as medicaments especially in developing countries and some rural areas. The potential and high expectation of medicinal plants for local healthcare and livelihood and as biodiversity management is prevalent globally. This study assesses the extent to which medicinal plants bring benefits in biodiversity management and improve livelihood and healthcare in indigenous villages near a small city, a second tier city in the central Peruvian Amazon, taking into consideration the course of urbanization. A total of 81 people living in two villages were interviewed. The results show that unlike areas surrounding large cities in the Amazon, areas around the second tier city do not have the conditions to commercialize medicinal plants to support livelihood. Therefore, the local utilization of medicinal plants does not deteriorate the forest resources, thus medicinal plants would not be expected to be a driver for biodiversity management. Although medicinal plants still support healthcare of the locals, the reliance on modern medicine is aparent. The distance to the urbanized city and modern facilities influences the use of medicinal plants. While close proximity facilitates the use of modern medicine, it is found that mal-accessibility to modern medicine does not increase the variety of medicinal plant use

Annoyancetech Vigilante Torts and Policy

The twenty-first century has ushered in demand by some Americans for annoyancetech devices—novel electronic gadgets that secretly fend off, punish, or comment upon perceived antisocial and annoying behaviors of others. Manufacturers, marketers, and users of certain annoyancetech devices, however, face potential tort liability for personal and property damages suffered by the targets of this “revenge by gadget.” Federal, state, and local policymakers should start the process of coming to pragmatic terms with the troubling rise in the popularity of annoyancetech devices. This is an area of social policy that cries out for thoughtful and creative legislative solutions

Inward FDI in Germany and its policy context

With a stable economic and political system, open capital markets, the largest domestic market in Europe, and European Union (EU) membership, Germany has attracted competitive and export-oriented multinational enterprises (MNEs) since the 1960s. In the 1990s—after German unification and the opening up of Eastern Europe—inward foreign direct investment (IFDI) grew more slowly than expected despite the increased market potential. In recent years, the German economy strengthened and the wage and cost gaps against its main competitors narrowed, contributing to higher IFDI. With the financial and economic crises, German IFDI declined considerably in 2008 but started to rise again in 2009. At the end of 2008, Germany ranked among the top four developed countries as host for IFDI. Germany's open investment regime was tightened in 2009, in reaction to the emergence of sovereign wealth funds (SWFs)

Inward FDI in Germany and its policy context: Update 2011

During the 2009 worldwide financial and economic crisis, Germany kept its position as the fourth largest host economy for inward foreign direct investment (IFDI) among developed countries, although its IFDI stock measured in Euros decreased slightly due to valuation effects. IFDI flows strongly rose that year and further increased in 2010, reflecting the improved financial position of multinational enterprises (MNEs) operating in Germany and the strong economic upswing of the German economy at that time. In the first half of 2011, IFDI flows were low, as foreign parent companies sharply cut intra-company lending to their German affiliates. Economic reforms in recent years have further improved the attractiveness of Germany as a business location, reflected in excellent international competitiveness rankings. But, the ongoing European debt crisis and the economic slowdown of the European economy could dampen IFDI in the second half of 2011 and in 2012

When Linder meets Hirschman: inter-industry linkages and global value chains in business services

This article looks at the determinants of a country’s participation in business services (BS) global value chains (GVCs). BS GVCs are comparatively less explored than traditional manufacturing ones, and there is a gap in the literature on the relative positions of countries in BS GVCs and the opportunities they might open for development. This article puts forward and finds empirical support to the conjecture that the domestic structure of backward and forward linkages à la Hirschman, alongside the domestic representative demand for BS à la Linder, are of high importance. The results, based on the World Input-Output Database, suggest that the presence of strong domestic backward-linked industries to BS makes an emerging country more likely to create domestic value within BS GVC. Our findings contribute to the debate on a “premature de-industrialization” in emerging countries and on the relationship between levels of development and engagement in BS GVCs

Assessing the Influence of Conservation Agriculture On Household Wellbeing and Maize Marketing in Tete and Manica Mozambique

In recent years there has been a movement on the part of farmers, governments, Non-Governmental Organizations (NGO), and the international community to promote the use of sustainable agricultural practices. In Sub-Saharan Africa, this has translated into programs with the expressed aim of increasing smallholder farmer adoption rates of conservation agriculture (CA). This thesis contributes to the analysis of the adoption of conservation agriculture by smallholder farmers in Sub-Saharan Africa by assessing the economic status of CA adopters in the providences of Manica and Tete, Mozambique. Chapter II of the thesis examines the ceteris paribus correlation between smallholder farm household economic wellbeing with the use of conservation agriculture. Household wellbeing indicators are regressed on household demographic attributes, farm management practices, and a variable indicating the CA adoption status of farms. Of particular interest is the association between the use of conservation agriculture practices and a set of composite wellbeing indices comprised of livestock and asset ownership, and housing material quality. The results suggest that, holding other factors constant, CA households have higher wellbeing index scores related to asset ownership and housing material quality, but lower index scores related to livestock ownership. Chapter III of the thesis analyzes smallholder marketing of maize and use of CA by farmers. The chapter examines the factors associated with the likelihood of a household participating in maize markets as a vendor or buyer, and the subsequent quantity of maize transacted. A censored regression model estimates the intensity of market participation because a large number of households do not buy or sell grain. Of particular interest is the correlation between the adoption of CA practices and the likelihood a household sold or purchased maize. Results suggest that households using CA were more likely to sell maize and less likely to purchase maize for household consumption. However, the overall quantities sold by CA adopters and non-adopters were not different. Households using CA also exhibited different maize marketing patterns with transactions more evenly distributed throughout the year, as compared to non-CA households whose transactions were concentrated during times when food was scarce

Platform Politics and Silicon Savannahs: Fintech and the platformed motorcycle: speculating on ordinary mobility economies in urban Africa

Despite the economic challenges caused by the COVID-19 pandemic, venture capital (VC) investments in African startups have remained resilient, surpassing $5 billion in 2021 and experiencing a staggering 264% growth compared to the previous year. Notably, more than 60% of these investments were directed towards fintech companies. The surge in fintech investments in Africa is driven by several factors that make the continent an attractive market. Africa still has a large unbanked population, presenting an opportunity for financial services that offer alternatives to traditional banking methods. The rise of mobile money and cryptocurrencies has brought accessible financial solutions to individuals and informal businesses without access to traditional banking systems. Furthermore, Africa has emerged as a significant market for cryptocurrency trading, providing alternative options in volatile monetary climates and facilitating cross-border transactions. The report draws on empirical research in three case-study cities – Cape Town (South Africa), Kigali (Rwanda), and Nairobi (Kenya) – to showcase some important trends at the interface of fintech and the platformisation of motorcycle economies in urban Africa. It builds on the insight that fintech is not ‘just’ facilitated by digital platforms, but it deploys the same business logics of intermediation and, in doing so, is often part of platformisation itself (Langley and Leyshon, 2021). More specifically, the report shows the importance of the financial-inclusion thrust in linking fintech to two-wheel paratransit, as well as the multiple ways in which digital platforms create new financial pathways in rapport to the physical commodity of the motorcycle; the crucial importance of payment gateways as infrastructures of additional data-driven financial innovation; the promises of risk-management through data and the pilot-based experimental practices through which these promises are given effect; and linkages to the decarbonisation of mobility systems in African cities. For each of these points, the report highlights key policy implications that will require careful attention by researchers, regulators, and private actors in the field

Recent U.S. Trade Policy and its Global Implications

The purpose of this paper is to describe United States trade policy since World War II, and to assess the possibility for ongoing U.S.trade-policy leadership. U.S. trade policy has shown remarkable consistency since World War II. It has never been as purely free-trade-focussed as some commentators suggest, but it has not recently shifted toward isolationism as dramatically as alarmists fear. It has almost always been best described as "open, but fair," with injury to import competitors being the measure of "fairness." The general consistency of U.S. trade policy over time is quite remarkable given the frequent change of political party in power, especially in the executive branch, but also in the Congress. U.S. trade-policy leadership seems still potentially strong despite a decline in U.S. hegemony. It is clearly strong in a protectionist direction.Any shift toward aggressive insularity justifies parallel trade-policy aggression in the eyes of trading partners. It is arguably strong ina liberalizing direction as well. The U.S. seems ideally poised for aggressive trade-policy peacemaking; perhaps multilaterally, but perhaps also bilaterally; perhaps with its traditional industrial trading partners, but perhaps also with Japan and newly industrializing Asian countries that play so importanta role in U.S. trade, and that, on many matters,may be closer in spirit to U.S. economic philosophy than Europe, Canada, or Latin America.