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Discusses principles of equality and justice in order to justify affirmative action and clarify its need. Posits that in both the USA and South Africa, issues of segregation and discrimination are not new and both countries have had the opportunity to address their past policies by way of affirmative action programmes. Looks at what determined the denouncement of the affirmative action in the USA and why the answer to this question may have a great impact on South Africa’s attempt to improve its own affirmative action programmes. Concludes that, although 30 years of affirmative action was deemed unconstitutional, how can South Africa derive and make use of the knowledge gained to help in stopping reverse discrimination.

The purpose of this study is to explore whether the present measures being taken by the New Zealand (NZ) government are strengthening its non-banking sector effectively to address the recent financial crisis and ensure better financial stability to the economy.

The basic methodology used in this paper is the “documentary research method”. For this study, data has been collected from various published sources; e.g. The Bulletin, the Financial Stability Report and other publications of the Reserve Bank of NZ, publications by Statistics NZ and a number of NZ government Ministries, and some newspapers and magazines, etc.

We find that the NZ government is revamping the non-banking sector by introducing a prudential regime. However, we also find some gaps in the existing regulatory systems that need to be addressed to ensure soundness in the total system.

The basic limitation of documentary research will be applicable to this study. Further research may be carried out to investigate the policy responses of government from banking, corporate governance and other regulatory perspectives.

Our study identifies some gaps in current policy responses along with some suggestions for the future that may be taken into consideration by the respective policy-makers to further strengthen the support provided by policy responses to financial crises.

Our study provides a unique insight into the evaluation of post-GFC policy response and its effectiveness with regard to non-banking sector and, to our knowledge, the first of its kind in NZ in the post-global financial crisis period.

Under the background of the overall increase of China's economic policy uncertainty and the urgent need for the transformation and upgrading of the substantial economy, this paper studies the time-varying causality between China's economic policy uncertainty and the growth of the substantial economy through bootstrap rolling window causality test, further refines economic policies and studies the causal differences between different types of economic policies and substantial economic growth, refining the conclusions of previous studies.

This paper first studies the causal relationship between China's economic policy uncertainty and substantial economic growth in the full sample period through bootstrap Granger causality test. Then, the paper tests the short-term and long-term stability of the parameters of the VAR model, and it is found that the model parameters are unstable in both the short and long term, so the results of the Granger causality test of the full sample are not credible. Finally, we conduct a dynamic test of the causal relationship between China's economic policy uncertainty and substantial economic growth by means of rolling window, so as to comprehensively analyze the dynamic characteristics and sudden changes of the relationship between them.

The research shows that economic policy uncertainty in China has a significant inhibiting effect on the growth of substantial economy. Growth in the substantial economy will drive up economic policy uncertainty before 2016 and restrain it after that. In addition, this paper further subdivides economic policy uncertainty to explore the causal differences between different types of economic policy uncertainty and substantial economic growth. The test results show that the relationship between them has obvious policy heterogeneity. The fiscal policy uncertainty and the monetary policy uncertainty, as the main policy means in China, has a significant impact on the growth rate of substantial economy in multiple ranges, but the effect time is short. Although trade policy uncertainty has a significant impact on the growth rate of substantial economy only during the financial crisis, the effect lasts for a long time. The impact of exchange rate and capital account policy uncertainty on the growth rate of substantial economy is mainly reflected after 2020.

The values of this paper are as follows: First, the economic policy uncertainty is combined with the growth of substantial economy, which makes up the gap of previous studies. Second, the economic policy uncertainty is further subdivided. The paper explores the causal differences between different types of economic policy uncertainties and the growth of substantial economy, so as to make the research more detailed. Finally, different from the previous static analysis, this paper uses dynamic model to examine the relationship between China's economic policy uncertainty and the growth of substantial economy from a dynamic perspective, with richer research conclusions.

The greatest asset of US capitalism until recently has been a blend of pragmatism with a passion to create the best socio‐economic system in the world. Today the USA is besieged by unprecedented budget deficit, public debt, financial crises, unemployment and rising anti‐governmentalism. The author believes the root cause lies in the elimination of the principles of pragmatism from governance, together with an assumption that the system which triumphed over communism is infallible. The purpose of this paper is not to find proof that an interventionist government would always be better or that higher taxes benefit the economy. Instead, using the examples of various policy mishaps, the paper seeks to prove the superiority of pragmatism over any ideology as a guiding principle of good governance.

The author uses pragmatism as criteria for impartial, non‐partisan, non‐ideological evaluation of the state of the American economy and the causes for the rise of populist movements in the country.

Neoconservatives were right to believe that markets do work. They will be needed to find solutions for skyrocketing costs of medicare, medicaid and job displacement caused by globalization. Neoliberals were correct to allow the development of profitable financial sector and give Americans access to cheap credit. However, what has been dramatically missing is a countervailing government economic policy to address increased riskiness of the financial markets, falling labor income, wealth distribution, education, energy dependence and an aging infrastructure. Liberal democrats did not propose comprehensive plan for government economic interventionism also they well understood its importance.

The paper is believed to be the first interdisciplinary (political economy, history, social economics, social psychology) attempt to identify the causes of the declining economic power of the USA.

The paper can improve understanding of complex socio‐economic phenomena by the students of US economy and those who would like to sort out true facts from unproven beliefs and do not understand complex econometric models.

The paper can improve understanding of complex socio‐economic phenomena affecting lives of millions of people.

The paper states clearly that the problems of the US economy are not caused by globalization but they originate at home from self‐imposed ideological straitjackets by the decision‐making elites and their departure from traditional US pragmatism.

This paper aims to investigate whether educational leadership in Greece implements the values of total quality management and contributes to the improvement of the educational process, and to offer proposals for a framework of total quality management that would contribute to an improvement in the overall quality of the education process.

The paper is based on theoretical analysis and on the current legislative framework. Three different aspects of the Greek education system are critically reviewed and discussed.

This study recognises that, due mainly to the lack of a long‐term educational strategy, the absence of an educational leadership development programme and limited financial support, the Greek educational system needs to review its structure and procedures ‐ even those that are “taken for granted”.

Given the differences between education and industry, and the fact that only three different aspects of the Greek education system are investigated here, more research and analysis would be required in this field.

The paper is useful to educational planners and policy makers. From the perspective of total quality management, there may be a substantial impact on the improvement mechanisms and outputs in education, contributing to a country's social and economic well‐being.

The paper contributes to the better understanding of the value of total quality management in education, and offers recommendations that may be more widely adopted, and may contribute to an enhancement of overall educational quality.

Despite its potential as an emerging market for Islamic financial services, Uzbekistan has lagged in legislative support. This study aims to evaluate the feasibility of introducing an Islamic capital market (ICM) in Uzbekistan, preceding a broader industry establishment.

The authors begin by assessing Islamic finance literacy and the potential demand for ICMs in Uzbekistan. The authors then scrutinize Uzbekistan’s capital market legislation and its readiness. This analysis uses primary data, including surveys and interviews, and secondary data from literature and financial legislation.

This study highlights a significant demand for ICMs, despite low Islamic finance awareness in Uzbekistan. Presently, Uzbekistan’s capital market development is lacking, with regulations not yet suitable for ICMs. As a result, legal and operational enhancements are needed.

The authors provide essential policy recommendations for authorities and practitioners to facilitate the effective launch of ICMs and enhance Uzbekistan’s capital market stature.

To the best of the authors’ knowledge, this is the first study offering an in-depth analysis of the potential and feasibility of ICMs in Uzbekistan.

The monetarist model of inflation is tested with quarterly data over the period 1960‐1983 from six African countries: Egypt, Ghana, Morocco, Nigeria, Sudan and Tunisia. The role of foreign factors in the inflationary process is examined in the model, the lag length is determined, the issue of causality is addressed and structural stability is tested. The empirical results are, in general, consistent with the monetarist explanation of inflation.

The purpose of this paper is to uncover the national intellectual capital (NIC) of South Africa by making comparisons with Poland and Romania.

Based on a database of an NIC measurement model spanning 2001-2015, this study plotted the development trend of the NIC and its component capitals – human, market, process and renewal capitals. Their correlations with GDP per capita (ppp) (GDP hereinafter) were also presented.

The NIC of South Africa is lower than that of both Poland and Romania. Except for the increase of its human capital together with its GDP, the other capitals have lower relevance. Poland experienced highly correlated growth for its NIC and GDP, shedding light for South Africa. The qualitative findings are also reported.

The IMD database carries South African data only for the African continent. Therefore, this paper cannot cover other countries from the continent.

There are three implications from both the quantitative and qualitative analyses: initiate national transformation from the two core issues of education and health; invite and provide attractive incentives for South African returnees from abroad and members of local private sectors to take part in the national transformation efforts; and learn from the NIC development pattern of Poland and Romania by investing in market capital and process capital as soon as possible for faster results.

The research findings of this paper unveil the root of the social problems in South Africa, including education, health, high unemployment and so on. Suggestions are provided for mid-term and long-term potential solutions.

This paper demonstrates the value of an NIC in the economically successful Poland whose growth and GDP growth occurred at a similar pace.

By January 1, 2023, the German supply chain due diligence act (SCDDA) has become effective. This represents a strong governmental intervention into global operations and supply chain management (SCM). Hence, its frame conditions and implications are worth being studied.

Expert interviews with managers reveal factors of risks and opportunities as well as performance impacts and implementation issues.

A conceptual framework and research avenues are outlined.

Pathways for SCM research and interdisciplinary studies are suggested.

Practitioners may gain a deeper understanding of relevant factors for managing supply chains (SCs) that are exposed to the new act.

Understanding implications of the act may help improve social SC sustainability.

This study offers an initial empirical exploration and a first conceptualization of the expected consequences of the German SCDDA.

This paper aims to critically examine the applicability of disclosure‐based regulation in a pre‐emerging securities market.

The paper presents, by using archival data, an analysis of prerequisites for the usefulness of the disclosure philosophy making reference to some Asian securities markets with special reference to the contemporary experiences of the Bangladesh securities market.

The paper concludes that the disclosure philosophy itself is not a panacea, an effective disclosure regime requires a certain level of structural and infrastructural development of the market, and that a particular securities market should follow a paternalistic merit regulation until the attainment of that progress.

This paper contributes to the understanding of effectiveness of the disclosure philosophy for the regulation of securities markets from the perspective of investor protection.