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Topic Review
Pink Tide
The pink tide (Spanish: marea rosa, Portuguese: onda rosa, French: marée rose), or the turn to the left (Spanish: giro a la izquierda, Portuguese: volta à esquerda, French: tournant à gauche), was a political wave and perception of a turn towards left-wing governments in Latin American democracies moving away from the neoliberal economic model at the start of the 21st century. As a term, both phrases are used in contemporary 21st-century political analysis in the news media and elsewhere to refer to a move toward more economic progressive or social progressive policies in Latin America. Such governments have been referred to as "left-of-centre", "left-leaning", and "radical social-democratic". The Latin American countries viewed as part of this ideological trend have been referred to as pink tide nations, with the term post-neoliberalism or socialism of the 21st century being used to describe the movement as well. Some pink tide governments, such as those of Argentina , Brazil , and Venezuela, have been varyingly characterized as being "anti-American", as well as populist, for their rejection of the Washington Consensus, and as authoritarian, particularly in the case of Nicaragua and Venezuela by the 2010s. The pink tide was followed by the conservative wave, a political phenomenon that emerged in the early 2010s as a direct reaction to the pink tide. Some authors have proposed that there are multiple distinct pink tides rather than a single one, with the first pink tide happening during the late 1990s and early 2000s, and a second pink tide encompassing the elections of the late 2010s to early 2020s. A resurgence of the pink tide was kicked off by Mexico in 2018 and Argentina in 2019, and further established by Bolivia in 2020, along with Peru, Honduras, and Chile in 2021, and Colombia in 2022, with the first left-wing president-elect in Colombia's history, according to analysts.
  • 2.4K
  • 14 Nov 2022
Topic Review
Sustainable Employability
Sustainable employability (SE) generally refers to employees’ capacities to function in work and on the labor market throughout their working lives. However, several definitions have been forwarded in the scientific literature that differ in nuanced ways. A recent overview of existing definitions is provided by Fleuren, de Grip, Jansen, Kant, and Zijlstra (2020).[1]
  • 2.4K
  • 29 Oct 2020
Topic Review
Division of Labour
The division of labour is the separation of tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with or acquire specialised capabilities and either form combinations or trade to take advantage of the capabilities of others in addition to their own. Specialised capabilities may include equipment or natural resources as well as skills and training and combinations of such assets acting together are often important. For example, an individual may specialise by acquiring tools and the skills to use them effectively just as an organization may specialize by acquiring specialised equipment and hiring or training skilled operators. The division of labour is the motive for trade and the source of economic interdependence. Historically, an increasing division of labour is associated with the growth of total output and trade, the rise of capitalism, and the increasing complexity of industrialised processes. The concept and implementation of division of labour has been observed in ancient Sumerian (Mesopotamian) culture, where assignment of jobs in some cities coincided with an increase in trade and economic interdependence. Division of labour generally also increases both producer and individual worker productivity. After the Neolithic Revolution, pastoralism and agriculture led to more reliable and abundant food supplies, which increased the population and led to specialisation of labour, including new classes of artisans, warriors, and the development of elites. This specialistion was furthered by the process of industrialisation, and Industrial Revolution-era factories. Accordingly, many classical economists as well as some mechanical engineers such as Charles Babbage were proponents of division of labour. Also, having workers perform single or limited tasks eliminated the long training period required to train craftsmen, who were replaced with lesser paid but more productive unskilled workers.
  • 2.4K
  • 17 Oct 2022
Topic Review
Catalytic Actions of Transformation Catalysts
Transformation catalysts (TCs) are ways of organizing that take catalytic actions to connect, cohere, and amplify the efforts of numerous initiatives oriented towards resolving complex socio-ecological problems like the ones embedded in the UN's Sustainable Development Goals. TCs target systems-level solutions by working with narrative to bring about cognitive or paradigm shifts and orient towards systemic change. They take catalytic actions by connecting, cohering, and amplifying the actions of numerous otherwise unconnected actors. TCs use sensemaking processes to problematize and create urgency around key issues, through adopting a systems orientation. 
  • 2.2K
  • 28 Sep 2021
Topic Review
Capital Structure
Capital structure is a firm’s mix of debt and equity financing. It is one of the most controversial areas of finance. Many of the results obtained in capital structure theory over the last 50-60 years have been very influential and led their authors to great international recognition. Among the researchers who contributed significantly to capital structure theory, note Nobel Prize Award winners Franco Modigliani, Merton Miller, Joseph Stiglitz, and most recently Jean Tirole. More research and more results are expected in this area in near future.
  • 2.2K
  • 09 Jun 2022
Topic Review Peer Reviewed
Working Capital
The simplest net working capital can be defined as the difference between the value of current assets and short-term liabilities together with other short-term accruals. It is equivalent to the part of the current assets financed with equity, provisions for liabilities, long-term liabilities, and the remaining part of accruals. Therefore, it is the capital that finances only that part of the current assets that are not financed with short-term liabilities. This amount is financed with fixed capital. Summing up, net working capital is the fixed capital that finances the company’s current assets. 
  • 2.2K
  • 13 Apr 2022
Topic Review
Theoretical Foundations of Smart Village
The smart village is defined as a village in which the efforts of inhabitants and institutions are supported and integrated with information technology systems and innovation to benefit local communities. The idea of the smart village is most often associated with objectives such as improvements in welfare, energy savings, a low-emission economy, a reduction in inequalities between urban and rural areas, and an improvement in economic conditions.
  • 2.2K
  • 25 Jul 2022
Topic Review
Globalization and the COVID-19 Pandemic
The rapidly spreading COVID-19 pandemic in 2020 not only brought many countries in the world to a state of health crisis, but also increasingly drove economic and social crisis. The roots of these crises, however, run far deeper and can be traced to decades of neoliberal political and economic actions and driving forces of globalization. Increasing globalization and liberalization of markets led to the increasing privatization of many public goods while collectivizing risks such as environmental disasters, pandemics and economic crises. 
  • 2.1K
  • 23 Jul 2021
Topic Review
Sweatshop
A sweatshop or sweat factory is a crowded workplace with very poor, socially unacceptable or illegal working conditions. The work may be difficult, dangerous, climatically challenging or underpaid. Workers in sweatshops may work long hours with low pay, regardless of laws mandating overtime pay or a minimum wage; child labor laws may also be violated. The Fair Labor Association's "2006 Annual Public Report" inspected factories for FLA compliance in 18 countries including Bangladesh, El Salvador, Colombia, Guatemala, Malaysia, Thailand, Tunisia, Turkey, China, India, Vietnam, Honduras, Indonesia, Brazil, Mexico, and the US. The U.S. Department of Labor's "2015 Findings on the Worst Forms of Child Labor" found that "18 countries did not meet the International Labour Organization's recommendation for an adequate number of inspectors."
  • 2.0K
  • 31 Oct 2022
Topic Review
Consumer and Food Product Innovations
New lifestyles, higher incomes and better consumer awareness are increasing the demand for a year-round supply of innovative food products. In past decades, important developments have been achieved in areas related to food and the food industry. This entry shows that factors influencing performance in new product development (NPD) are dynamic and continuously guiding project development. The data obtained by direct involvement of consumers can impact positively successful product development and enhance the company’s financial performance. The study of consumer behaviour and attitudes towards new foods encompasses multiple aspects, such as preference, choice, desire to eat certain foods, buying intentions and frequency of consumption. Additionally, both the consumers’ willingness to purchase and the willingness to pay a premium are important in NPD, launching and success.
  • 2.0K
  • 27 Sep 2020
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