The economics and philosophy of globalization

The economics and philosophy of Globalization are generally not discussed together. This paper assesses the claims of economic prosperity through economic integration in the backdrop of cultural, political and social value system implications of Globalization. This debate becomes important when we see a major part of developing world still struggling with impoverishment while cheerleaders of Globalization already claim a success story out of increased integration of developed and developing economies post 1980s.Globalization, Macroeconomic Policy, Economic Integration, Postmodernism

The Role of Sustainability Practices in Improving Corporate and Sustainability Innovation Performance of the Petroleum Companies of Pakistan

The purpose of this research is to investigate and analyze the vital role of sustainability practices encompassing eco efficiency linked, employee or ethics centered and integrative procedures for enlightening corporate performance and guaranteeing greater sustainable innovation performance. This is achieved by upholding and maintaining EEA trait resilience that comprises engineering, ecological and adaptive facets of resilience. On the basis of tentative assumptions derived through a Triple Bottom Line (3BL) of oil and gas companies, Structural Equation Modeling (SEM) with SMART PLS has been used to perform path analysis for testing these hypotheses. The sample in the envisioned study with cross-sectional study design contains primary or empirical data obtained from the managers of petroleum companies in Lahore, Pakistan. With respect to the current study’s context, it can be established that sustainability or socially responsible practices are the ultimate supporting and ancillary beings of petroleum based organizations needed to gratify ecological, engineering and adaptability (EEA) resilience and assist these companies to achieve long term goals pertaining to corporate value, effectiveness and efficacy with augmented heights of sustainable innovation performance. This study features and emphasizes the true value of sustainability based on the premise of Institutional Theory and resilience or bounciness of oil and gas companies momentous of Systems Theory based texts. The findings reveal that higher sustainable innovation enactment and enhancement in corporate level performance of these petroleum companies can be sustained and endured in continuity by fetching resilience in adaptiveness, ecosystem protection and engineering processes through installing distinguished ethics, employee and integration centered sustainability and actions in operations.&nbsp

Quantum Organizations with Islamic Way Forward

Firstly, this paper describes a phenomenon of transnational organization and general condition of world and ‘man in the world’. For developing a comprehensive framework, it presents authentic literature review beginning from modernity to post modernity using the hermeneutic-interpretivism research tradition to show the similarities between modernism and post modernism. By revealing the missing link in the quantum paradigm of ralph Kilmann (scholar of quantum organization) on one hand, it develops the possibility of reviving revealed knowledge back into the main frame knowledge of organization theory, on the other hand. By raising and addressing the question of how can the revealed knowledge addresses the current economic dilemma, the paper describes the three lenses available used to understand natural world, socio economic world and behavioral world in Newtonian verses quantum assumptions on organization theory   along with their implications. For cross fertilization of ideas and better understanding of God, cosmos and human it presents an alternative of Islamic way forward suggested by scholarly views from East and West. To further substantiate, it presents the stunning insights from the renowned wisdom traditions (pragmatic civilizations) to highlight why religions matter to show (the levels of reality and levels of selfhood as well as relationship between Necessity being and contingent being), responding the situation of power and domination prevalent in organizing world by suggesting historical/civilizational ethical mode and adopting psycho, spiritual-pragmatic approach with holistic world view (Big picture)

The economics and philosophy of globalization

The economics and philosophy of Globalization are generally not discussed together. This paper assesses the claims of economic prosperity through economic integration in the backdrop of cultural, political and social value system implications of Globalization. This debate becomes important when we see a major part of developing world still struggling with impoverishment while cheerleaders of Globalization already claim a success story out of increased integration of developed and developing economies post 1980s

Economics, education and religion: Can Western theories be generalized across religions?

Abstract. Some of the recent empirical studies relate economic growth and prosperity with religion. This paper raises the question that if economic systems are based on individualism and selfishness, can they be related with religion? The paper also finds that the Secularization hypothesis of Western Modernity is still valid for Western cultures, Judaism and Christianity but its application is highly unlikely in case of the third monotheist religion Islam. The paper expounds the causes of this proposition keeping in view the historical, religious and economic perspectives of Islam. Keywords. Religion, Economics, Education, Monotheist religions, Secularization hypothesis.JEL. A10

Economics, education and religion: can western theories be generalized across religions?

Some of the recent empirical studies relate economic growth and prosperity with religion. This paper raises the question that if economic systems are based on individualism and selfishness, can they be related with religion? The paper also finds that the Secularization hypothesis of Western Modernity is still valid for Western cultures, Judaism and Christianity but its application is highly unlikely in case of the third monotheist religion Islam. The paper expounds the causes of this proposition keeping in view the historical, religious and economic perspectives of Islam

The economics and philosophy of globalization

Abstract. The economics and philosophy of Globalization are generally not discussed together. This paper assesses the claims of economic prosperity through economic integration in the backdrop of cultural, political and social value system implications of Globalization. This debate becomes important when we see a major part of developing world still struggling with impoverishment while cheerleaders of Globalization already claim a success story out of increased integration of developed and developing economies post 1980s.Keywords. Globalization, Macroeconomic policy, Economic integration, Postmodernism.JEL. F15, F36, F60

Investigating Resilience and Performance of Emergent Financial Technology Startups Endorsed by Knowledge Management

The paper seeks to examine the effect of knowledge management on resilience and performance of emergent financial technology startups (Fintechs) in Lahore, Pakistan through the development of dynamic capabilities when confronted with environmental dynamism. Based on the tentative deductions derived from Dynamic Capability View (DCV)  of emergent financial sector ventures, this paper employs Partial Least Square for Structured  Equation Modeling to investigate these hypotheses. Sample of current cross-sectional study involves empirical analysis performed on primary data assembled from knowledge workers employed in emergent financial technology startups. Knowledge management practices also have a positive impact on the developing dynamic capabilities of the organization. Implementation of effective knowledge management practices results in reconfiguring and advancing the companies’ dynamic competencies under the conditions of dynamism and unexpected changes occurring in the external business environment.  Consequently, fin-techs succeed in accomplishing their goals of spirit, adaptive capacity i.e. increased resilience and escalated performance

IMPACT OF HUMAN RESOURCE MANAGEMENT PRACTICES ON SUSTAINABLE COMPETITIVE ADVANTAGES FOR THE UNIVERSITIES OF PAKISTAN KEEPING KNOWLEDGE MANAGEMENT CAPACITY AS MEDIATOR: Huma Saeed, Prof. Dr. Naveed Yazdani

Effective and efficient management of human resource was always considered vital for attaining success and sustainable competitive advantages by any organization, but in today’s emerging economies of knowledge, the importance of knowledge management capacity has also emerged as an important ingredient. The institutions of higher education (HEIs) are considered to be the knowledge creating organizations, where the most vital resource for success and sustainability is human capital. Since knowledge management capacity is still an emerging concept in Pakistan, the aim of this paper was to conduct an empirical Study about the effect of knowledge management capacity (KMC) on the relationship of human resource management (HRM) practices and sustainable competitive advantages (SCA) acquired by institutions of higher education in Pakistan, with the help of knowledge-based view (KBV) and resource-based view (RBV). The results of this paper indicate that HRM practices can help HEIs to attain SCA directly as well as indirectly through KMC, which can ultimately help the policy makers of academia to concentrate and made substantial efforts to improve the knowledge management capacity of educational institutions. Future researchers and managers of academia can be benefited from this research as it added to the current knowledge about HRM practices and its effect on KMC of faculty along with attaining sustainable competitiveness

Semiotic Approach Towards Analyzing TV Advertisements: A Critical Discourse Analysis

AbstractPurpose - This research aims to uncover the ideologies and ethical perspectives behind electronic advertisements shown in Pakistan. The study examines the role of media adverts with an emphasis on stereotypic gender representation and spread of distorted information in shaping the minds of consumers through symbolic images and visual content. Design/methodology/approach - The current study is based on Peirce’s Semiotic Theory in 1860s, which analyzes the signs and visuals in mainstream television advertisements and unravel the social or cultural contexts underlying advertising discourse. Grounded in the theoretical framework of critical interpretation of electronic media, advertisements were interpreted using Semiotics and visuals features. The data for this study consists of three selected commercial broadcasts chosen randomly from all commercials aired on Pakistan’s most viewed TV channels (ARY, PTV, Geo, and Express). Lastly, Critical Discourse Analysis (CDA) has been used to critically examine TV advertisements to explore that how advertisers construct ideologies about gender stereotypes through signs, icons, and symbols. Findings – The findings revealed that electronic advertisements mostly represent gender roles stereotyping and promote unethical values against Islamic ideologies in Pakistan. Through the lens of Critical Discourse, it was found that advertisement’s content and symbols create meanings and convey the message with false narratives to consumers violating the ethical code of advertisements under the Pakistan Electronic Media Regulatory Authority (PEMRA) Pakistan. Originality/ value - The media revolution unfolds severe issues like women's objectification, ultra-modern culture, and misrepresentation of Islamic values. To date, many researchers have investigated the influence of advertisements on consumers in Western countries, but the Critical Semiotic Analysis of TV advertisements in complying with Islamic ideologies is never studied in Pakistan’s context. Practical Implications - The outcomes of this study will help advertising firms, Policymakers, and PEMRA by providing them with deep insights and knowledge about the perception of consumers and helping them to take strict measures to avoid anti-Islamic content that creates harm to Islamic values and civilization