Topic Review
Urban–Rural Integration Empowers High-Quality Development of Tourism Economy
Urban–rural integration has become an effective way to promote the high-quality development of the tourism economy in China’s policy evolution. Urban–rural integration has a positive empowering effect on the high-quality development of the tourism economy as a whole, with the integration of urban and rural areas in the central and eastern regions playing a considerable role.
  • 222
  • 04 Dec 2023
Topic Review
Urban Fragility
Urban fragility is one of the big challenges for the late-modern city coping with the growing external pressures (from the environment) and internal tensions (within the social system), typically referable to the socio-cultural and political-economic climate, definitely characterising the current "Age of Changes". A broad institutional context is involved in that undertaking, and many studies and reports show how fragility is linked above all to the growing complexity of the cities. The ever-increasing population, extension, density and cultural mixite, as well as the fast “filtering up and down” processes, are some symptoms of the combination of two fundamental drivers. Firstly, the exponential technological progress—mostly concerning the geographical and digital accessibility—has been encouraging far more people to claim a better socio-economic status, which urban location, by definition, is symbol of. Secondly, the progressive human/environmental unfairness of economy over the planet and the related increase in insecurity, push the transfer of large masses of the population towards the richer countries of the developed geo-economic areas, and in particular towards the larger, more heterogeneous, complex and vibrant cities. This new climate involves the accountability of the neoliberal model allowing a limited number of subjects to concentrate the largest part of the liquidity created as a result of the progressive “financial abstraction” of the real wealth over the era of post-globalization, that is the age of the contemporary archipelago-economies. The development of the city has always gone together with the spread and reinforcement of the financial institutions more able to give a monetary shape to the flows of wealth, thus indirectly increasing the part of the surplus of social product intended to the social overhead capital; the latter is at the same time cause and effect of the concentration of wealth and people, activities and tensions, conflicts and hopes (in one word, of value) in urban shapes. On the urban-scale, in turn, such processes have been occurring creating and populating denser and denser built areas at the expenses of other ones (decaying historic centers or peripheral neighborhoods) progressively neglected and jeopardized. The coexistence of such different value density degrees increases the fragility of the city as a whole; the most visible and permanent tracks of these inequalities reflect in the urban shape and namely in its economic form that is the urban capital value shape, displayed by the real estate market price map. Some remarks about the concept of fragility in the field of territorial studies can help to better understand how the urban eco-social system deals with it. The perspective of the “real estate-scape”, in fact, assumes the social and urban fragility issue, since one of the main focuses of the urban renovation planning process in its broad lines. The colloquial meaning of “fragility” closely relates to its physical definition concerning the tendency of a solid material to break abruptly, without any yielding deformation, which has previously occurred. In the urban studies some insights need to be done to understand a conceptual significance of fragility, considering its original causes and those effects typically concerning the current drift of the urban phenomenon. Since the above early definition does not take into account the driving forces of the urban fragility and their most perceptible effects, a further and more extensive meaning of it can be derived from material sciences, thus highlighting the deep and constitutive causes of it. Fragility is “the property that characterizes how rapidly the dynamics of a material slow down as it is cooled toward the glass transition: materials with a higher fragility have a relatively narrow glass transition temperature range, while those with low fragility have a relatively broad glass transition temperature range”. By metaphorizing such definition, and referring to the relationship between the socio-economic situation of a city and the real estate capital asset value, an urban system can be considered more fragile when the “socio-economic cooling” (i.e., a decrease in rights and incomes) gives rise to sudden, pathological and irreversible fall of the real estate market prices; on the contrary, an urban system seems to be more resilient when such effects are slower and easily metabolized, and can also be reversed when an opposite cause occurs. Furthermore, “physically, fragility may be related to the presence of dynamical heterogeneity in glasses, as well as to the breakdown of the usual Stokes–Einstein relationship between viscosity and diffusion”.
  • 1.5K
  • 14 Jul 2020
Topic Review
Unlocking the Green Economy in African Countries
The Fourth Industrial Revolution, marked by transformative technological advancements, has ushered in a promising avenue for green economic growth. This transition towards a low-carbon, environmentally sustainable economy has gained momentum across both developed and developing nations, driven by the urgent need to address impending climate change and its far-reaching consequences. Amid this context, the synergy between financial technology (FinTech) and the green economy emerges as a potential solution to the ecological challenge.
  • 235
  • 14 Aug 2023
Topic Review
Universities Entrepreneurial Ecosystem in Russian Regions Innovative Activity
The entrepreneurial ecosystem of universities is frequently recognized to have a key influence on the innovative activity of the related regions. It is extremely important to strengthen the impact of university entrepreneurial activity on the innovative activity of regions by building the interactions between education, science, and business.
  • 267
  • 21 Jul 2023
Topic Review
Unemployment Benefits
Unemployment benefits (depending on the jurisdiction also called unemployment insurance or unemployment compensation) are payments made by back authorized bodies to unemployed people. In the United States, benefits are funded by a compulsory governmental insurance system, not taxes on individual citizens. Depending on the jurisdiction and the status of the person, those sums may be small, covering only basic needs, or may compensate the lost time proportionally to the previous earned salary. Unemployment benefits are generally given only to those registering as unemployed, and often on conditions ensuring that they seek work and do not currently have a job, and are validated as being laid off and not fired for cause in most states.
  • 424
  • 11 Nov 2022
Topic Review
Trickle-Down Economics
Trickle-down economics, also called trickle-down theory, refers to the economic proposition that taxes on businesses and the wealthy in society should be reduced as a means to stimulate business investment in the short term and benefit society at large in the long term. In recent history, the term has been used by critics of supply-side economic policies, such as "Reaganomics". Whereas general supply-side theory favors lowering taxes overall, trickle-down theory more specifically targets taxes on the upper end of the economic spectrum. The term "trickle-down" originated as a joke by humorist Will Rogers and today is often used to criticize economic policies that favor the wealthy or privileged while being framed as good for the average citizen. David Stockman, who as Ronald Reagan's budget director championed Reagan's tax cuts at first, later became critical of them and told journalist William Greider that "supply-side economics" is the trickle-down idea: Political opponents of the Reagan administration soon seized on this language in an effort to brand the administration as caring only about the wealthy. Some studies suggest a link between trickle-down economics and reduced growth. Trickle-down economics has been widely criticized, particularly by left-wing, centre-left and moderate politicians and economists, but also some right-wing politicians. A 2019 study in the Journal of Political Economy found, contrary to trickle-down theory, that "the positive relationship between tax cuts and employment growth is largely driven by tax cuts for lower-income groups and that the effect of tax cuts for the top 10 percent on employment growth is small."
  • 5.0K
  • 02 Dec 2022
Topic Review
Transaction Network Structural Shift under Crisis
In 2008, the Lehman Brothers’ bankruptcy, accumulated from the global financial crisis, proved a unique role of the highly interconnected financial entities. Shocks in a bank might trigger loss, induce spillovers, provoke a contagion shock spreading to other entities, trigger the whole banking system to collapse, and ultimately unsettle the worldwide economy. The global financial market was stressed as worldwide investors tried to sell simultaneously, while banks were having trouble finding other financing sources. Banks’ liquidity problems, spread over the whole system, triggered the world financial market panic. The continuous failures spread in a short time, proving that the entities incorporated in the financial system are highly interdependent to each other. 
  • 302
  • 15 Apr 2022
Topic Review
Traffic Congestion
Traffic congestion is ubiquitous in large cities around the world; where it leads to increased air pollution, vehicle noise, and travel time for private and public transportation. These challenges reduce the well-being of both road users and urban populations. 
  • 935
  • 07 Jul 2021
Topic Review
Trade competition
We discuss the concept of trade competition and review the fundamental measures recently introduced in the literature to capture this concept in empirical terms. To that end, a modified version of the Krugman index is taken as starting point.  
  • 998
  • 29 Oct 2020
Topic Review
Tourism Industry during Pandemic COVID-19
The tourism industry has always been affected by natural disasters or health crises, but the effects were local and could be combated. The global nature of the COVID-19 crisis has caused a domino effect that has profoundly affected the entire industry at the systemic level. Combating these effects can no longer be done through individual, local measures; a systemic approach is needed to manage the crisis better. There are also positive implications of the COVID-19 crisis on tourism in developed countries that have better addressed the health crisis. Given the traffic restrictions across borders, tourists will choose local facilities that will positively affect national tourism. Less developed countries, which are severely affected by the health crisis and have relied heavily on international tourism, are experiencing a sharp decline in the tourism industry.
  • 613
  • 09 Jul 2021
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