BA School of Business and Finance
Riga International School of Economics and Business Education
Ventspils University College
International Scientific Conference
Changes in Global economic landscape – in search for new business Philosophy
28 – 29th April, 2011
Conference Venue: Riga International School of Economics and Business Administration, Meža street 3, Riga, Latvia
Submission of abstracts: 10.03.2011.
Notification of acceptance: 16.03.2011.
Full paper Submission: 20.06.2011.
Background and purpose
The economic downturn of 2008 led to dramatic economic changes especially affecting rapidly developing sectors, for example, entertainment, automobile production. It emerged that the demand was artificially maintained. This in turn had an impact on all interconnected branches. Eastern Europe (including Latvia) was severely affected by the crisis much more than other parts of the world. The situation in the Baltic region was bad.
We can talk about an (unstable) economic recovery only in 2010. Taking into account the fact that states with traditional economy based on primary sectors recovered from crisis faster than other countries, the question about the economic structure in Baltic States (especially, in Latvia) arises.
Looking at world economy on the whole, an increase in trade deficit can be observed between the West and the East – China, India. Such a situation cannot last indefinitely and there are limits to transferring production facilities, e.g. to China. A possible decrease in China’s pace of development should also be taken into account.
A lot of authors (I.Adizes, J.H.Braien) justly regard that we have experienced not an ordinary (cyclic) crisis, but a systemic crisis (especially taking into account growth in resource consumption and its possible shortfall).
All the abovementioned should be considered while planning a concrete business. We can talk about the necessity for a new business philosophy. To some extent we can say that a stable business is one that is oriented towards the satisfaction of an individual’s primary needs. The so called new sectors (connected with IT etc.) of the economy and enterprises, which were able to offer new products and services in the market that are in demand despite the economic downturn successfully managed to overcome the crisis.
The task of conference is to discuss the new philosophy of business based on analysis of changes in the world economy.
Conference scientific committee
Karoly Balaton, Prof., Dr., Corvinus University of Budapest, Hungary
Shima Barakat, Dr., University of Cambridge, United Kingdom
Ole Gjolberg, Prof., Dr., Norwegian University of Life Sciences, Norway
Madis Habakuk, Prof. Dr., Estonian Business School, Estonia
Vulfs Kozlinskis, Prof. Dr.habil., Riga International School of Economic and Business Administration, Latvia
Dorota Dobija, Prof. Dr. habil., Kozminski University, Poland
Virginijus Kundrotas, Prof. Dr., Baltic Management Development Association, Lithuania
Drahomira Pavelkova, Prof. Dr., Tomas Bata University in Zlin, Czech Republic
Patrick Sassmannshausen, Prof. Dr., Schumpeter School of Business and Economics, Germany
Irina Senņikova, Asoc.prof. Dr., Riga International School of Economic and Business Administration, Latvia
Irina Strelets, Prof. Dr., Moscow State Institute of International Relations, Russia
Vesa Tatilaa, Prof. Dr., Laurea University of Applied Sciences, Finland
El Thalassinos, Prof. Dr., University of Piraeus, Greece
Tatjana Volkova, Prof. Dr., BA School of Business and Finance, Latvia
Jānis Vucāns, Prof. Dr., Ventspils University College, Latvia
Key note speakers:
One of the Key note speakers – Minister of Finance of The Republic Latvia Andris Vilks
Participants from 14 countries: Austria, Slovakia, Hungary, Portugal, Czech Republic, China, Russia, Italy, Cyprus, Greece, United Kingdom, Finland, Ireland, Germany (already on 07.02.2011.)
Journal of Business Management, ISSN 1691-5348
Proceedings of Conference
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