Journal of Law and Economics

Study of the Role of Banking Clusters as Initiators of Innovation Processes in the Conditions of Regional Economic Development: The Case of Tajikistan

2022-06-07T08:34:06+00:00

The formation of a modern financial system that meets international standards and effectively affects all sectors of the economy, contributes to the increase in revenues to the budget, will transform the business infrastructure and living conditions of the population. Proceeding from the fact that the banking cluster is the localization of banking and nonbanking organizations created with the aim of achieving a positive effect, we will conclude that in practice the use of the cluster direction in the financial markets is the key to the high development of the economic system and the natural stage in the development of the modern economy. The formation of clusters becomes a reliable means for banks to maintain their competitive advantages in the market. But there are a number of problems that hamper the development and development of banking clustering, such as the distrust of potential members of the cluster, the low level of funding, the lack of a culture of information transparency and openness. Therefore, it is advisable to involve the state in this process, which should promote the development of financial associations and bring the national economy to a high level of development on the international market. It is financial clusters that allow state structures in the regions to specifically regulate the directions of social and economic development of the territories, to forecast and correct the trends of economic development through coordination and efforts of interested parties.

Practical Application of Life Cycle Theory in Startups

2022-06-07T08:36:35+00:00

Theory shows many different approaches to life cycle models existing in literature with differentia number of stages. There is therefore no one universal approach to the issue. Regardless of that, however, most of them agree, that knowing life cycle of the company provides an opportunity of effective management. Thanks to that entrepreneurs are able to predict the future and successfully use the tools of optimal management. Unfortunately, typical to life cycle model doesn’t work with startups, as that group of companies are not stable systems. Startup is a very fast process of setting an idea in motion with no guarantee of success. Entrepreneurial research must be fast and flexible on each stage of growth where be strategy, structure, decision-making, but also organizational, administrative, marketing issues arise through the stages strategy, structure, decision-making, organizational, administrative, marketing issues arise import ant, sometimes crucial. In the environment of risk, instability there is crucial to use dynamic management strategy and Lean Startup meet expectations.

Comparative Analysis of Factors Affecting to the National Tourism Program

2022-06-07T08:38:17+00:00

This study appraises factor affecting destination choice. It particularly addresses the questions of cognitive, affective and unique image dimension elements effect on tourist plan in case of Ethiopia. The finding shows there is a relationship between destination image and willingness to visit a given destination. It also portrays there is a gap in how tourists see Ethiopia before they come and actual experience. The responses positively rate the nation's tourist assets after visiting the destination. This shows experience matters for image building effort done by the government. The finding reveals that the quality of experience significantly affects tourist plan to visit a certain destination also, infrastructure, touristic attraction (human and natural model), the existence of varieties of entertainments and outdoor activities. Significantly affects the plan to visit a given destination which ultimately affects the national image of the destination. Also by summarizing all the items into the general dimension, the finding reveals that the nation, cognitive, affective and unique image affects tourist plan to visit or revisit a given destination. Study finds out that all respondents who come from the different corner of the world expressed a strong inclination to link nations natural and human-made with positive images of the destination Ethiopia and affect their perception to visit or experience after visiting the place. However, more research is needed to validate this analytical model and, particularly, to explain the effect of the nations natural and human-made on branding the image of the country by taking diverse nations experience.

Innovative Industrial Paper Process Technology and Economic Advantages

2022-06-07T08:40:28+00:00

The manipulation of variables of operating conditions, such as time, temperature and pressure, triggered an innovative process to obtain a cellulosic paste. The same presented in the studies carried out in laboratory and pilot plant a yield of 52.5% of cellulose paste, a value higher than the yield from a chemical process to soda or Kraft, both corresponding to 50%. It also produced a type of paper with properties highly valued by the paper industries. In addition, the mechanical properties obtained are satisfactory for use in the corrugating industries. The costs of the process and innovative product are highly advantageous compared to the costs of a current process for obtaining the final product.

An Exploration of Women’s Empowerment in Micro-Entrepreneurship

2022-06-07T08:42:27+00:00

Enabling women to participate in economic development is not only a daunting and challenging task, but it also paves the way for sustainable development in the future. Women’s entrepreneurship concerns both the status of women in society and the role of entrepreneurship in the same society. Since women entrepreneurs face several challenges directly on the market to conquer their product in order to allow them access to the same opportunities as men. Women can face obstacles in other developing countries when it comes to owning property and entering into contracts. Networks of women entrepreneurs are a major source of knowledge about women’s entrepreneurship and are increasingly recognized as a valuable tool for their development and promotion. This network helps to offer lectures, printed materials that convey technical knowledge of production, manufacturing, procurement, management and marketing among other rural women. It really helps to create jobs for a number of people within their own social system and is the best tool for rural women as it enables them to raise their family income while caring for their own home and domestic animals. Unless they are made powerful, alert and aware of their equal status in society, particularly in rural areas, empowerment would have no sense. Policies should be set up to bring them into society’s mainstream. Especially in rural areas, educating women is important. The need for the time is to improve the literacy of women as education holds the key to women in rural Bangladesh’s development.