Terrorism in Emerging Economies: A Double-Edged Sword

Terrorism is the unlawful use of violence against civilians to intimidate a government or its citizens to further certain social and political objectives. Usually terrorist attacks on government officials and property to create panic and dictate or enforce their illegal terms and conditions on sitting government. The chapter discussed the definitions of terrorism, types of definitions and consequences on terrorism in developing countries. Finally, the chapter draws a picture of terrorism and economic growth with the support of literature reviews

Consequences of COVID-19 for Markets and Productive Systems

In December 2019, the first case of COVID-19 was diagnosed in Wuhan city of China. The virus spread in several countries quickly and created pressure on the global supply chain and production systems. Undeniably, due to COVID-19, the world economy has been badly disrupted, which required a couple of years to restore. This special issue mainly uncovers the difficulties and challenges faced by firms during the COVID-19 outbreak. Also, the special issue covered the innovative approaches and applications of digital technologies to control the spread of COVID-19 and mitigating the harmful effects on economic activities through promoting teleworking and virtual business activities

DOES WORKING CAPITAL MANAGEMENT AFFECT CORPORATE PROFITABILITY?

Managing working capital efficiently and effectively is critical for modern organizations as it directly affects firm’s profitability, liquidity and riskiness. A vast majority of empirical studies have focused on developed countries whereas in case of developing countries like Pakistan it is somewhat under researched. The economy of Pakistan is passing through challenging times with rising inflation, energy crisis, poor law and order etc. Therefore, the purpose of the study was to investigate whether working capital policies adopted by listed organizations within the sugar industry of Pakistan (PSX) are efficient or not in these challenging conditions and what kind of effect (positive or negative) they have on the profitability of the firm. Data from 2006 to 2015 was collected for this study and Ordinary Least Squares (OLS) technique was used to analyse the effect of working capital management on firm profitability. Empirical results of the study show that all four components of working capital used in this study have statistically significant and negative relationship with firm’s profitability.Â

Poor Air Quality: A Dark Cloud of Filth Poisons

Our home, the Earth, is the rarest planet in-universe the to sustain life. The thing which makes it unique amongst heavenly bodies is balance in the environment. This balance is the key to sustain life for millions of years. Air is one of the most critical components of mother nature; it provides oxygen for all species, both plant and animal, to live. Air not only provides oxygen but is also essential for keeping the human body cool. The advantages of air are countless, from the cloud, weather, humidity, dust, and pollen migration to burning fire; without it, life will not continue. Air is made up of chemical components, and if pollutants added, it would become harmful for all living beings. The chapter put forward is to highlight the importance of the quality of ambient air, standards to measure, and sources of pollution. Further in the chapter, the impacts of polluted air on human health and the countries’ financial obstacles are discussed. The chapter concludes with a summary and recommendations for policymakers, NGOs, and affected people to better their lives and repair the damage caused to nature’s precious gift, the air

COVID-19: A Learning Opportunity to Improve Environmental Sustainability

In just a few months, COVID-19 transformed from a dangerous regional health threat into a widespread global pandemic and economic disaster. Thus the world is expecting a great recession once again. The rapid spread of COVID-19 has had far-reaching consequences for people’s daily lives in almost all parts of the world. Climate change and biodiversity depletion have now reached global boundaries; thus, human activity has surpassed Earth’s capacities. Earth capacities can be explained in terms of extreme climate change. This chapter is intended to investigate the link between the outbreak of Covid-19 and its effect on environmental and society. The discussion reveals that environmental pollution is minimized as a result of global lockdown. Furthermore, our review also shows that in terms of environment, Covid-19 provide an opportunity to transform our polluted economy toward the green economy through adoption of renewable energy sources and green practices in our businesses

Opportunities and Obstacles in the Global Tourism Industry: A Story of Post-Covid-19

The rapid spread of Covid-19 has had far-reaching consequences for people’s daily lives in almost all parts of the world. Furthermore, it creates a negative impact on trade and economic activities, which further has spillover social problems, including unemployment and poverty. Moreover, in the tourism sector, millions of people lost their jobs, and hundreds of airlines are nearly bankrupt. This chapter is intended to investigate the link between the outbreak of Covid-19 and its effect on the tourism sector. The discussion reveals that due to the Covid-19, tourism sector declined sharply, but it provides an opportunity to transform our polluted world into a green one, which will have a significant and positive impact on global tourism in upcoming years. Finally, the chapter provides practical implications and recommendations, which will help policymakers to formulate an eco-friendly mechanism in the tourism sector