Browsing by Subject "Economic crisis"

Now showing 1 - 2 of 2

Open Access
Between stumbling and fall towards insolvency : the endeavors of the Ottoman Empire in the 19th century
(2007) Karademir, Ekrem
This thesis, at first, intended to analyze one aspect of the 19th century Ottoman economic history, particularly the possible impact of the 1873 Panic in Vienna, which is addressed as the first global financial crisis, on Ottoman insolvency in 1875. However, research on the reasons of the insolvency revealed more complex relations and deep-rooted problems. In this thesis, firstly the reasons of financial disorder in the Ottoman Empire and road to foreign loans are explained. Later on, efforts of the Ottomans in order to overcome financial problems and their attempts for establishing banks and industrialization are analyzed. Afterwards, the reasons for the Ottomans’ tardiness to establish banks and to construct railways despite the encouraging environment in the post-Crimean War period and the impacts of this delay are discussed. Besides, emergence of Vienna as a financial center beginning from the 1860s and its repercussions on the Ottoman economy are analyzed. Moreover, reasons for extensive foreign borrowings and attempts for railway constructions which were realized by the Ottomans beginning from the second half of the 1860s are explicated. Lastly, the impacts of 1873 Panic on stunning railway investments and the Ottoman insolvency are discussed. In the whole study, the interactions among actors and the changes in their roles throughout the period are taken into account.
Open Access
How the poor in a developing country view business' contribution to quality-of-life 5 years after a national economic crisis
(Elsevier, 2010) Peterson M.; Ekici, A.; Hunt, D. M.
This study proposes and tests a three-step model of business' contribution to quality of life 5 years after a devastating national economic crisis in a developing country. The model incorporates both a beneficent dimension of the marketplace (represented by consumer attitude toward marketing - CATM) and a non-maleficent dimension (represented by consumer trust for market-related institutions - CTMRI). This study compares how the poor and the non-poor draw differently on these two dimensions in forming their perceptions about how business contributes to their quality of life. Beginning with the exogenous construct attitude toward changes in marketing practices since the last economic crisis (5 years ago), this study 1) proposes a causal model that introduces a first-order construct - Business' Contribution to My Quality of Life (BCM-QOL), and 2) explains how BCM-QOL serves as a mediator between marketplace perceptions of both beneficence and non-maleficence and quality of life. Results reveal differences between how the poor and the non-poor in a developing country think about the effects of market changes after an economic crisis. Consumers living below the Turkish poverty line, although not within the UN-defined ranks of the global poor (e.g., 2 per-day earnings) tend to see their place in the market in a manner similar to subsistence consumers. © 2009 Elsevier Inc.