Some Economic and Cultural Aspects of Economic Liberalization in Egypt

Why have many transition economies succeeded by pursuing policies which are so different from the radical economic liberalization (shock therapy) that is normally credited for the economic success of countries of Central Europe? First, optimal policies are context dependent, they are specific for each stage of development and what worked in Slovenia cannot be expected to work in Mongolia. Second, even for the countries with the same level of development reforms that are necessary to stimulate growth are different; they depend on the previous history and on the path chosen. The reduction of government expenditure as a share of GDP did not undermine significantly the institutional capacity of the state in China, but in Russia and other CIS countries it turned out to be ruinous. The art of the policymaker is to create markets without causing government failure, as happened in many CIS countries.

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Organizational Culture in the Focus of Improving Risk Management in the Enterprise

Issues of Risk Analysis ◽

10.32686/1812-5220-2020-17-4-86-95 ◽

2020 ◽

Vol 17 (4) ◽

pp. 86-95

Author(s):

R. M. Kachalov ◽

Yu. A. Sleptsova

Keyword(s):

Risk Management ◽

Organizational Culture ◽

Point Of View ◽

Economic Risk ◽

Management Activity ◽

Economic Agents ◽

Cultural Aspects ◽

Industrial Enterprises ◽

Operational Theory ◽

Stable Forms

The article considers the manifestations of the phenomenon of economic risk in the socioeconomic ecosystems of industrial enterprises, examines and differentiates the pragmatic and cultural aspects of the concept of "economic risk management". In terms of methodology, the study is based on the operational theory of risk management, and also uses tools to describe the organizational culture of risk management. Pragmatic and cultural differences in the characteristics of economic risk are identified at the level of stable forms of management activity with the involvement of the main provisions of the operational theory of risk management. The phenomenon of risk is considered in the ontological space as an artificial category of activity of industrial enterprises and other economic agents that form a socio-economic ecosystem. This phenomenon is studied as a specific form of social communication associated with the desire to assess the uncertain future in the present time, mainly from the point of view of analysis and management of the level of economic risk in the enterprise.

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