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Several developing economies witnessed a large number of systemic financial and currency crises since the 1980s that resulted in severe economic, social, and political problems. The devastating impact of the 1982 and 1994–1995 Mexican crises, the 1997–1998 Asian financial crisis, the 1998 Russian crisis, and the ongoing financial crisis of 2008–2009 suggests that maintaining financial sector stability through reduction in vulnerability is highly crucial. The world is now witnessing an unprecedented systemic financial crisis originated from the USA in September 2008 together with a deep worldwide economic recession, particularly in developed countries of Europe and North America. This calls for devising and using on a regular basis an appropriate and effective monitoring and policy formulation system for detecting and addressing vulnerabilities leading to crisis. This chapter proposes a macroprudential/financial soundness monitoring, analysis, and remedial policy formulation system that can be used by most developing countries with or without crisis experience as well as with limited data. It also discusses a process for identifying and compiling a set of leading macroprudential/financial soundness indicators. An empirical illustration using Philippines data is presented. There is an urgent need for increased coordination, collaboration, and partnership among central banks, banking and financial market supervision agencies, and ministries of finance, economic, and planning for proper macroprudential monitoring. A high-level national financial stability committee under the auspices of the head of the state as well as a ‘‘regional financial stability board’’ needs to be established to complement and support the activities of an “international stability board.”

The purpose of this study is to forecast the development performance of important economies in a smart city using mixed-frequency data.

This study introduces reverse unrestricted mixed-data sampling (RUMIDAS) to support vector regression (SVR) to develop a novel RUMIDAS-SVR model. The RUMIDAS-SVR model was estimated using a quadratic programming problem. The authors then use the novel RUMIDAS-SVR model to forecast the development performance of all high-tech listed companies, an important sector of the economy reflecting the potential and dynamism of urban economic development in Shanghai using the mixed-frequency consumer price index (CPI) producer price index (PPI), and consumer confidence index (CCI) as predictors.

The empirical results show that the established RUMIDAS-SVR is superior to the competing models with regard to mean absolute error (MAE) and root-mean-squared error (RMSE) and multi-source macroeconomic predictors contribute to the development performance forecast of important economies.

Smart city policy makers should create a favourable macroeconomic environment, such as controlling inflation or stabilising prices for companies within the city, and companies within the important city economic sectors should take initiative to shoulder their responsibility to support the construction of the smart city.

This study contributes to smart city monitoring by proposing and developing a new model, RUMIDAS-SVR, to help the construction of smart cities. It also empirically provides strategic insights for smart city stakeholders.

The purpose of this paper is to contribute significantly to the empirical investigations related to the impact of sustainable supply chain management (SSCM) practices on performance in Chinese firms. The paper also aims to theorize and empirically assess a comprehensive SSCM practices and performance model. The model incorporates two aspects of SSCM practices: internal and external management, and analyses the impact on corporate sustainability performance from all dimensions.

This paper develops a conceptual model to investigate the impact of SSCM practices on the firm performance. Based on the data of 172 Chinese firms, this paper analyzes the impact of SSCM practices on firm economic performance, environmental performance, and social performance for each dimension by using PLS structural equation methods.

The results show that firm’s internal SSCM practices have a positive impact on firm’s environmental performance and social performance. Moreover, environmental performance and social performance are positively related to economic performance.

A comprehensive SSCM practices performance model is proposed and empirically assessed for Chinese firms. The results of this investigation support the hypotheses that SSCM practices are environmentally and socially necessary and are favorable for business. A series of approach and implications of SSCM practices is recommended.

Seismometers continuously record a wide range of ground movements not caused by earthquake activity, but rather generated by human activities such as traffic, industrial machinery functioning and industrial processes. In this Chapter we exploit seismic data to predict variations in Gross Domestic Product (GDP) for a set of States in the USA over the period from 2016 to 2021. We measure the noise generated at specific frequencies that are linked to human activity and use it as an indicator of economic activity. We show a remarkable reduction in seismic noise due to a slowdown in traffic and economic activities during the Corona economic crisis. Our results point at seismic data as a valuable source of information that can be used for monitoring regional and national economies.

This paper aims to assess the role of the hisbah institution in ensuring ethical business practices in Nigeria. The aim is to correct the erroneous impression that the institution is meant only to serve spiritual and social purposes in the society devoid of economic contribution.

The paper uses a literature survey approach to describe the economic dimension of the institution and its specific role in ensuring that businesses are conducted in line with Islamic business ethics.

The paper confirms that absence of discussion on the economic role of the hisbah institution in complementing the effort of regulatory and monitoring authorities in the inspection of weights and measures, quality of food products, manipulation of prices, supplies and production, monopolistic collisions, cheating and fraud, has made many people in Nigeria mistake it for an institution whose primary occupation is to prevent and control moral decadence and social vices in such societies.

The paper concludes that the task ahead of shari'ah implementing states in Nigeria therefore is to maximally exploit hisbah's economic role in view of its relevance to the modern economy.

The paper attempts to fill the vacuum in the contemporary literature on the economic role of hisbah in Muslim societies.

Criticisms of corporate philanthropy (CP) are different across cultures. In essence, opponents of CP fear the lack of economic returns or the lack of social efficacy of corporate donations. The purpose of this paper is to propose a theoretical model that may overcome both set of criticisms, so that CP plans can be globally designed and implemented.

Two theories have been used to ground the model: corporate social responsibility theory and moral capital theory. The first one sets the constraints that will ensure the plan increases social welfare. Constraints stemming from moral capital theory set the conditions for CP to increase economic performance.

On the basis of these constraints, the model stresses the need for ongoing dialogue with internal and external stakeholders, and the continuous monitoring and reporting of the economic and social impact of implemented projects, as the means of overcoming opponents' criticisms of CP.

After analysing the main criticisms posed to CP in different cultural settings, a globally acceptable model is offered, which draws on and completes existing managerial and theoretical guidelines for strategic CP.

Evaluating primary care for children has not before been undertaken on a national level, and only infrequently on an international level, an adult-focused perspective is the norm. The Models of Child Health Appraised (MOCHA) project explored the evaluation of quality of primary care for children in a nationally comparable way, which recognises the influence of all components of child well-being and well-becoming. Using adult-focused metrics fails to account for children’s physical and psycho-social development at different ages, differences in health and non-health determinants, patterns of disease and risk factors and the stages of the life course. To do this, we attempted to identify comparable measures of child health in the European Union and European Economic Area countries, we aimed to perform a structural equation modelling technique to identify causal effects of certain policies or procedures in children’s primary care and we aimed to identify and interrogate large datasets for key tracer conditions. We found that the creation of comparative data for children and child health services remains a low priority in Europe, and the largely unmet need for indicators covering all the healthcare dimensions hampers development of evidence-based policy. In terms of the MOCHA project objective of appraising models of child primary health care, the results of this specific work show that the means of appraisal of system and service quality are not yet agreed or mature, as well as having inadequate data to fuel them.

The purpose of this paper is to explore linkages between Confucian‐based Asian cultural values and Michael Porter's model of national competitiveness. The cultural values of Indian students are compared with Asian American students’ cultural values, to explore alignment with economic growth and development factors.

Relationships between culture and economic development are conceptualized based on previous research and literature. Using an Asian Cultural Values Scale, Indian students enrolled in a Master’s of International Business program were surveyed. These data are compared with data collected from Asian American college students on the same items. The results are interpreted based on conceptualized relationships.

Indian students tend to exhibit greater conformity, emotional self‐control and collectivism values while Asian American students tend to place greater value on family recognition through achievement. The Indian student values appear to align more with the synthesis model of business development, while Asian American student values focus on success.

There is a small sample size of 69 in India.

This is the first study that assesses Indian student orientation toward Asian values compared with those of Asian Americans. The relationship of values and sustainable economic development is explored.

Irrespective of the type of cathodic protection system applied to an offshore platform or pipeline the longevity and effectiveness of that system, and therefore the safety and continued revenue earning capacity of the platform or pipeline, can be assured only if adequate monitoring and surveying of the performance is undertaken.