Knowledge Sharing in Emerging Economies

One of the new factors in Eastern European countries (and there is an acknowledgement that this aspect is inherent in other countries too) is this concept of freely sharing information i.e. the concept of what is known in KM literature of “Knowledge Sharing”. Sharing only takes place where there is trust and where there is a shared feeling of ownership of goals. The reasons behind the tendency to share are based on the kind of interpersonal relations between co- workers inherent within the organization and the effects of social relationships within organizational teams. Strengthening the social relationships between individuals in the team is crucial in motivating team members to share knowledge. New research is currently investigating the concept of “sharing social relationships” and one of the aims of the project is to investigate the barriers to sharing information in a particular type of business - that of the small to medium sized enterprises (the SME) in order to form a comparative study. The results of the study will be used to from a model of “information sharing best practice” for SME who are setting up or using KM systems. The work will examine the barriers to sharing in two newly emerging economies (Poland and Hungary) and one relatively established economy (the UK). At the time of writing the work with Poland and Hungary has been completed and this paper gives the initial results from the Hungarian study

The Use of Catastrophe Bonds as a Means of Economic Development in Emerging Economies

Catastrophe bonds offer a way for entities located in natural disaster prone regions to safely and efficiently transfer the risk of insuring property to the financial markets and subsequently, create a financially attractive environment for insurers and investors. The opportunity for investors to utilize modeled loss analytical platforms such as those created by AIR, Risk Management Solutions, and EQECAT, could be used to bridge the growing gap in emerging economies between economic losses created by natural disasters and insured losses. Bridging this insurance gap in emerging economies could have positive global implications for the insurance industry, global trade, foreign direct investment, and the average humanitarian aid spent on natural disaster recovery and resistance. Apart from the additional profits that could be generated from increased underwriting in emerging economies, introducing catastrophe and property insurance to emerging economies could create a road map for other emerging economies who are struggling to balance economic development with disaster financing. Experience from sovereigns which have experimented with this method of risk transfer, such as Haiti and Mexico offer a basis for understanding the advantages and difficulties associated with developing a country specific modeled loss analytical platform for measuring natural hazard risks

Domestic Debt Structures in Emerging Markets : New Empirical Evidence

This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a new large dataset compiled from national sources for 33 emerging economies over 1994-2006. The paper finds that economic size, the breadth of the domestic investor base, inflation and fiscal soundness are all associated with risky public domestic debt compositions, yet to an extent that varies considerably in terms of magnitude and significance across sources of risk. Only inflation impacts all types of risky debt, underscoring the overarching importance of monetary credibility to make domestic debt compositions in emerging economies safer. Given local bond markets' rapid development, monitoring risky public domestic debt compositions in emerging economies becomes increasingly relevant to global financial stability.Public domestic debt, composition, risk, emerging economies.

Wealth effects in emerging economies

In this paper I estimate the impact of changes in real and financial wealth – proxied by house and stock market prices – on private consumption for a panel of sixteen emerging economies in Asia and Central and Eastern Europe. Using recent econometric techniques for heterogeneous panels, i.e. the pooled mean group estimator, inference is drawn about the long- and short-run relationship between the variables of interest. Both real and financial wealth are found to affect household consumption positively in the long-run, with the elasticity of housing wealth being greater than that of stock market wealth. When the model is run separately for the two groups of countries, the long-run impact of an increase (decrease) in house prices is generally greater in Central and Eastern European economies than in Asian ones, which make the former more vulnerable to further adverse developments in the housing market.house prices, wealth effects, emerging markets, panel co-integration, pooled mean group estimator

ARE EMERGING ECONOMIES FDI INFLOWS COINTEGRATED WITH FDI INFLOWS OF CHINA? – AN EMPIRICAL INVESTIGATION

Emerging economies viz., Brazil, China, India, Mexico and South Africa have seen a tremendous increase in the FDI inflows in the last one decade. Amongst all, the FDI inflows of China witnessed sharp rise from 1992. As on 2006, China stood as the world’s second largest recipient of FDI inflows (AT Kearney Report, 2006), leaving behind many emerging economies in the race of attracting FDI inflows.FDI inflows, Emerging economies, China & Cointegration.

IS/IT in developing and emerging economies

Copyright @ AMCIS 2007In spite of the rapid growth many developing and emerging economies are experiencing, with much of this growth supported by information technology (IT), published research dealing with IT in developing economies is still very limited. The objective of this paper is to direct attention to this apparent gap and provide an overview of the issues related to information systems (IS) and IT specifically in developing and emerging economies. Business and social conditions specific to developing and emerging economies and their potential effects on IS/IT implementations are discussed. After a brief review of papers presented at previous AMCIS conferences, some research areas that seem particularly in need of more attention are identified

Special Topic Forum on Supply Chain Management in Emerging Markets: Critical Research Issues

Spurred by the rapid development of international markets, w enhanced ease of communications and rapidly developing infrastructure, supply chains that transcend national boundaries have become standard in today's dynamic global environment, causing a number of critical research issues to emerge. The importance of such issues is intensified when considered in the unique environment faced by supply chains in emerging economies, such as Brazil, Russia, India and China. Traditional supply chain management practices may be ineffective, due to the unique characteristics of supply chains in emerging economies or that span developed and emerging economies. In this special topic forum, we seek high quality conceptual and empirical research that addresses critical research issues related to managing supply chains in emerging economies. Conceptual papers should draw upon and extend existing theoretical foundations, developing models and propositions for future research. Empirical research studies that employ survey methodology, structured case research, secondary data analysis, controlled experiments and other empirical approaches are welcomed. In line with JSCM's mission statement, authors must clearly identify how their work extends or contributes to theory relating to global supply chain management, as well as providing implications for practice