Academic literature on the topic 'New Order Government policies'
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Journal articles on the topic "New Order Government policies"
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Madril, Oce. "The President’s Power and Anti-Corruption Policy: What Can Be Learned from New Order Experience." Hasanuddin Law Review 3, no. 3 (January 10, 2018): 307. http://dx.doi.org/10.20956/halrev.v3i3.1318.
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The New Order government led by President Soeharto was supposed to be a regime that would ameliorate the abuse of power conducted by the previous government. One of the important agendas for the New Order government was overcoming the issues regarding the abuse of authority and corruption in the government sector. Several legislations, Presidential legal policies and institutions were formed to carry out such mission. However, the New Order government eventually failed and became a corrupt regime. This study concludes that notwithstanding Indonesia theoretically had an institutional framework to combat corruption under the New Order government, it failed to eradicate corruption. The failure of anti-corruption policies under the New Order era was caused by 3 forms of failure. Firstly, the failure to build a democratic and anti-corruption presidential power. Secondly, the failure to build a comprehensive anti-corruption policy. Thirdly, the failure to build an effective anti-corruption agency. The method employed in this study is a combination of several approaches between the statutory approach, historical approach and conceptual approach. The main data used in this study is the literature which are consists of previous research, legislation and Presidential policies.
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Namaki, M. S. S. El. "Neo-globalization Revisited: The Contours of a New Global Economic Order." Scholedge International Journal of Business Policy & Governance ISSN 2394-3351 7, no. 5 (January 18, 2021): 70. http://dx.doi.org/10.19085/sijbpg070501.
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<p>Disruption induces disequilibrium. Today’s global economy is the case in point. Powerful sources of disruption are undermining classic premises of global economic equilibrium and, in the process, changing the contours of the world economy. Long cherished globalization premises of free market, open economy, small government, private initiative, and deregulation are being challenged. Sources of this challenge are numerous. There are government and corporate debt, extreme individualism, high industry concentration, slanted income and wealth distribution, self-serving industry practices, and above all self-centered trade policies.</p><p>What has gone wrong and is there a way out of this dark environment is the focus of this article. The article addresses the need and premises of a Neo-globalization. It addressed, as a point of start, the failures of the existing paradigm and moves on to address premises for a Neo-globalization.</p>
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Brunner, Jose Joaquin. "New Dynamics in Latin America." International Higher Education, no. 71 (March 17, 2015): 20–22. http://dx.doi.org/10.6017/ihe.2013.71.6092.
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The dramatic massification of Latin America's higher education is leading to a social revolution with new demands on government for greater and more effective regulation. However the sector's market development, based on private as much as public institutions and funding, cannot be easily organized. Facing increasing political demands, governments and stakeholders will have to ensure-through innovative instruments and policies-greater quality, employability while adapting funding and curricula to massification, in order to meet the aspirations of Latin America's present and future youth.
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Adrian, Hanief, Rohmad Supriyadi, and Diah Lenggogeni. "Asymmetric Policy Concept for Border Areas Development: Issues and Challenges." Indonesian Journal of Planning and Development 2, no. 2 (October 31, 2017): 51. http://dx.doi.org/10.14710/ijpd.2.2.51-61.
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Since the enactment of Law No. 23 Year 2014 about Local Government, there is a mechanism shift in service delivery from the local government to central government, especially related to infrastructure management in border areas. This shift has reversed the policy of decentralized service delivery mechanism to centralized one. This policy has confused the local governments in adjusting their policies to the central government policies. Thus, an asymmetric policy needs to be implemented in order to accelerate border areas development. This paper intends to propose the alternative options in dealing with the new policy and to design a better way how the central government may intervene asymmetrically the sub-national governments in accelerating development and service delivery mechanism in border areas. The descriptive analysis is used as the main method for this paper.
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Kosim, Mohammad. "Religious Education Policy in Public Schools During the New Order." KARSA: Journal of Social and Islamic Culture 28, no. 2 (December 30, 2021): 390–409. http://dx.doi.org/10.19105/karsa.v28i2.3936.
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The new order government policy about religious education in state schools gradually led to an accommodative policy. If the old order government made religious education a facultative subject, then at the beginning of the new order the government strengthened the position of religious education by removing facultative provisions, even though they were not obligatory. Until finally, through Law number 2 (1989), the government required religious education to be taught in all channels, types, and levels of education. And the right of every student to get religious lessons by their religion and is taught by religious educators. This research includes historical research and policy studies, because it relies on past data, whose steps consist of four main activities, namely heuristics, verification, interpretation, and historiography. This accommodative policy is influenced by several factors, including; the government’s determination to implement Pancasila purely and consistently after it was diverted in the old order era; the weakening of the government’s power at that time so that it required the political support of muslims as the majority population; There is an intellectual transformation of muslim thinkers and political activists towards harmonious and complementary political relations between Islam and the state so that Islamic ideas are more easily accepted; and muslims experience a process of rapid social, educational, economic and political mobilization and so that more and more people are involved in government and can influence policies in a pro-muslim direction.
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Zakia, Zakia, and Irfan Ridwan Maksum. "KAPASITAS PEMERINTAHAN DESA DALAM MENGHADAPI IMPLEMENTASI UNDANG-UNDANG NO. 6 TAHUN 2014 TENTANG DESA (di Pemerintahan Desa Tutul, Desa Balung Kulon, dan Desa Balung Lor Kecamatan Balung Kabupaten Jember)." Reformasi Administrasi 4, no. 2 (September 30, 2017): 206–27. http://dx.doi.org/10.31334/.v4i2.9.
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This research is analyzing about the capacity of rural government and the capacity building strategy in facing the implementation of Act No. 6 of 2014 about village. The research held in three rural governments they are Tutul, Balung Kulon and Balung Lor Sub-district Balung District Jember. This research is using qualitative method with descriptive design. The result of the study suggest that the authority of the village should be reinforced to solve governance related problems, it also needs to review the coaching program because the schemes tend to be elitist along this time, so it does not really fit to the rural government official’s necessary; furthermore, the stakeholders of rural government (local governments) should be involved to help strengthen the capacity of rural government both in terms of policies, resources or technical assistance. In addition, it also needs to involve the universities and non-governmental organizations in order to open and expand the new discourse about the renewal of the village
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Perez Marzullo, Fabio, and Jano Moreira de Souza. "New Directions for IT Governance in the Brazilian Government." International Journal of Electronic Government Research 5, no. 4 (October 2009): 57–69. http://dx.doi.org/10.4018/jegr.2009070205.
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This article presents an IT Governance Framework and a Competency Model that are being developed to identify the intellectual capital and the strategic actions needed to implement an efficient IT Governance program in the Brazilian Government. This work in progress is driven by the premise that the human assets of an organization should adhere to a set of core competencies in order to correctly prioritize and achieve business results that, regarding government issues, relate to public resources administration. It is now widely accepted that IT Governance may help the organization to succeed in its business domain; consequently, through effective investment policies and correct IT decisions the organization can align business needs with IT resources, achieving highly integrated business services.
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Jailani, M. Syahran, and Muhammad Muhammad. "Kilas Balik Kebijakan Pendidikan Islam Indonesia pada Masa Orde Baru (1967-1997)." INNOVATIO: Journal for Religious Innovation Studies 19, no. 1 (June 30, 2019): 15–26. http://dx.doi.org/10.30631/innovatio.v19i1.75.
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Islamic education during the New Order experienced a growth both quantitatively and in terms of the quality of the organization. The New Order policy in Islamic Education, for example: the government implemented Islamic religious education taught in elementary schools to higher education, madrasa institutions and pesantren began to be recognized, the provision of facilities and others. Government policies during the New Order era, although providing fresh air for the development of Islamic education, the stakeholders must fight and work hard to convince the government so that the existence of Islamic education remains recognized and has the same position with other education nationally.
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Sandoval Hamón, Leyla Angélica, and Fernando Casani. "The International Cooperation of Businesses in order to Improve Local Public Services." Lex localis - Journal of Local Self-Government 15, no. 4 (October 25, 2017): 869–87. http://dx.doi.org/10.4335/15.4.869-887(2017).
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Changes in local government policies about the management of public services has been the focus of many investigations all around the world. However, what has not been studies is how some of the new models have relied upon international business alliances in order to improve the public services provided. A qualitative analysis, based on case studies of alliances between Colombian and Spanish companies, have been performed to help address this question. The results indicate that the changes in local policies have not only improved the public services but, with the agreements signed, a strong and agile partnership has been achieved.
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Zhang, Jing, Ming Yue Hu, and Ying Peng. "The Change of Real Estate Enterprises' Strategic Plan under New Situation." Applied Mechanics and Materials 174-177 (May 2012): 3393–96. http://dx.doi.org/10.4028/www.scientific.net/amm.174-177.3393.
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Government strictly regulates real estate industry by a series of policy recently. Because of the great change of polices, the real estate industry was taken a big knock. In order to find out the solution of real estate enterprises keep developing under new situation. By analyzing the external environment factors of real estate enterprises, the study deduces that the change of real estate enterprises’ strategy plane is inevitable. Elaborate the current situation of real estate enterprises from five aspects of strategy plane, and make a conclusion that how to change it. Therefore, ensure that real estate enterprises could avoid policies risk, and keep developing.
Dissertations / Theses on the topic "New Order Government policies"
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Kodhi, Silvester, and n/a. "New order government policies concerning the Indonesian Chinese : policy communication and the role of Bakom PKB." University of Canberra. Communication, Media & Tourism, 1997. http://erl.canberra.edu.au./public/adt-AUC20060815.123849.
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The present study deals with the nature of the New Order Government policies toward
the Indonesian Chinese ethnic group and the role of Bakom PKB in assisting the New
Order Government to formulate and implement the pembauran policy. This study will
consider the policy communication framework toward the Indonesian Chinese ethnic
group in Indonesia, and discuss the New Order Government policies, and the role of the
Bakom PKB within this framework.
Two case studies are used to iluminate the role of Bakom PKB in channeling the
pembauran policy from the government to the society vice versa. In the case of settling
the citizenship status of Chinese descent, the role of Bakom PKB in assisting the New
Order Government in formulating and implementing the pembauran policy is obvious
right from its establishment. While in the case of the development and implementation
of kemitraan (partnership) policy, the Bakom PKB only has a public relation function.
The development and implementation of kemitraan policy is carried out by the
organisation/association/institutions which are included in the pembauran policy
communication networks.
There are also discussions on the New Order Government policies concerning the
Indonesian Chinese in the period 1966 - 1996, and the communication networks that
existed amongst the Bakom PKB, Pokja Inlerdep and private institutions in
disseminating the idea of pembauran in the frame of national integration.
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Rohlin, Shawn M. "The impact of government policies on the location decisions of new business." Related electronic resource: Current Research at SU : database of SU dissertations, recent titles available full text, 2009. http://wwwlib.umi.com/cr/syr/main.
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Truna, Dody S. "Islam and politics under the 'new order' government in Indonesia, 1966-1990." Thesis, McGill University, 1992. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=56901.
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The 'New Order' government, under President Suharto's leadership, has undertaken different initiatives in the face of both 'political' Islam and 'religious' Islam in Indonesia. Since coming into power in 1966, it has exercised strict control over 'political' Islam; on the other hand, its attitude towards 'religious' Islam has generally been tolerant and even supportive. The result has been a considerable weakening of Islamic political forces but a rapidly developing 'religious' Islam. This reality has forced the present-day generation of Indonesian Muslim thinkers to take an approach which is different from that of the previous generation in responding to the government's policies towards Islam. Unlike their predecessors, some of whom had too ideological and formalistic a conception of an Islamic state, the present Muslim thinkers take an approach which is for the most part politically non-partisan. There has been a growing tendency among them to denounce the efficacy of Islamic political parties. They see that the realization of an Islamic community and the well-being of the ummah will come about not through exclusive and uncompromising political actions but through socioeconomic and cultural means and the ability to be less exclusive and willing to work with those who share different ideas. As a result of efforts along these lines, the relationship between the Muslim community and the government has improved substantially. Nevertheless, it remains to be seen whether or not this developing 'religious' Islam will, at some future date, be transformed into a powerful 'political' Islam.
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Holden, Stephen H. "Managing information technology in the federal government new policies for an information age /." Diss., Virginia Polytechnic Institute and State University, 1994. http://catalog.hathitrust.org/api/volumes/oclc/33134804.html.
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Suharko. "NGOs, Government and Promotion of Democratic Governance in the Post-New Order Indonesia." Graduate School of International Development. Nagoya University, 2003. http://hdl.handle.net/2237/6277.
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Wibisono, Makarim. "The political economy of the Indonesian textile industry under the New Order government." The Ohio State University, 1987. http://catalog.hathitrust.org/api/volumes/oclc/20920285.html.
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Das, Cyrus Vimalakumar. "Emergency powers and parliamentary government in Malaysia : constitutionalism in a new democracy." Thesis, Brunel University, 1994. http://bura.brunel.ac.uk/handle/2438/5240.
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This thesis is a situational study of the use and exercise of emergency powers in Malaysia, undertaken from the perspective of the principles underlying the Malaysian Constitution. The primary focus and perspective are Malaysian, and I use comparative materials where I consider they may help to Illuminate that perspective and the way in which emergency powers have been used. A unique situation has been created whereby the Malaysian Government has the option of taking measures under one or other of two legal regimes. The thesis, therefore, examines the development of this parallel government system. it includes discussion of the considerations that animated writing reserve powers into the Malaysian Constitution and the near Institutionalisation of the state of emergency In Malaysia, using this historical background to focus on the role of the judiciary In crisis situations, the incorporation of certain traditional elements of Malay society into the Constitution, and the existence of racial 'bargaining' in developing the Constitution. The thesis then examines the distinct legal order created by a state of emergency, within the context of the reality of the Malaysian polity. Hence, there is an examination of the four actual instances when an emergency was proclaimed in the country. An examination is also undertaken of the various amendments made to Article 150 over the years which has reduced much of the safeguards originally built into the provision. This examination suggests that Article 150 in Its present form, is debilitative of parliamentary government largely because of the dual system of law-making created by a state of emergency. The thesis therefore provides an insight into the working of a major constitutional democracy seeking to reconcile the need to maintain emergency powers and realise the objective of a parliamentary system envisaged by its Federal Constitution.
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Wood, Michael John. "The historical past as a tool for nation-building in new order Indonesia /." Thesis, McGill University, 2004. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=84684.
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This study describes how the New Order regime created and used a particular version of the Indonesian past. This official past drew on the work of "the history industry" (archaeological and historical research) and is reflected in approved works of history writing. The New Order past can also be seen in textbooks and in what monuments the regime erected. The New Order chose to emphasize fourteenth century Majapahit empire; this hierarchical, Java-centred, Hindu empire was identified as the true ancestor of the present nation. Although Indonesia is overwhelmingly Muslim in population, subsequent Muslim advances were not stressed, except as part of the "palace culture" of Central Java, which was seen as an extension of Majapahit. Islam also provided its share of "national heroes" who fought against the Dutch colonialists. Dutch control, was looked upon with some ambiguity; the colonial regime was oppressive but it also provided stability. The Dutch were driven out during the 1945--1949 Revolution. The New Order gave credit for the Indonesian victory in this struggle to the military rather than to civilians such as Sukarno. The Revolution later took on a more radical character that culminated in an attempt on the part of the Indonesian Communist Party to seize power. The suppression of the September 30 Movement in 1965 was seen as a righting of the nation's proper path of development, a course that could in fact be traced back to Gajah Mada's Majapahit. Not all were impressed with this official history. A more Islamic "history in waiting," which differed significantly from that of the regime, was created by historians and archaeologists working within the New Order. This "ummat-oriented" past stressed long connections between Indonesia and the rest of the Muslim world. The New Order's past was used to foster national integration and the legitimacy of the regime itself. The fate of the Suharto Presidency might indicate that the past was utiliz
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Levie, Jonathan Daniel. "The effect of government nurturing policies on early corporate growth in Denmark, Ireland and Scotland, 1973 to 1987." Thesis, London Business School (University of London), 1995. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.308966.
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Azarafshar, Roshanak. "Three Essays on the Effects of Government Taxation and Incentive Policies on Consumers' New Vehicle Purchase Decisions." Thesis, Université d'Ottawa / University of Ottawa, 2018. http://hdl.handle.net/10393/38478.
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Chapter 1. This chapter aims to find the effects of financial point of sales incentives on the sales of electric vehicles across the Canadian provinces from September 2012 to December 2016. The findings of my study indicate that purchase incentives cause the sales of new electric vehicles to increase by 8 percent on average due to a $1000 increase in incentives. I find that 47% of electric vehicle sales across the rebating provinces (Ontario, Quebec, and British Columbia) are attributed to the purchase incentives. Results of my counter-factual simulations imply that the cost of eliminating one tonne of carbon emissions across the provinces that offer incentives over the years of my study is, on average, $216/tonne CO2.
Chapter 2. In light of the rapid increase in Canadian gasoline prices from 2000 to 2010, this chapter focuses on the relationship between gasoline price and demand for vehicle fuel efficiency across the Canadian forward sortation areas (FSA) over this period. I find that consumers respond to variations in gasoline price when deciding the fuel efficiency of their new vehicle; increases in gasoline price result in shifts in demand for more fuel-efficient vehicles and therefore improve the average fuel efficiency of the new vehicle fleet. I find that the elasticity of fuel economy with respect to gasoline price for new vehicles sold across the Canadian forward sortation areas (FSA) from 2000 to 2010 is -0.06 to -0.16. Results of further analyses imply that consumer are more responsive to rising and constant gasoline prices than falling prices and that urban residents are slightly more responsive to variations in gasoline price compared to residents of suburb regions.
Chapter 3. This chapter investigates the effect of the carbon tax policy implemented by the Canadian Province of British Columbia on households’ new vehicle purchase decisions. I dis-aggregate the effects of gasoline price into two effects: the carbon tax and carbon tax-exclusive gasoline price. These effects are both measured along the extensive margin of replacing a fuel inefficient vehicle with a fuel-efficient vehicle. The results indicate that there is a significant negative relationship between both effects and fuel efficiency substitutions. However, vehicle fuel economy is more sensitive to changes in the carbon tax than to equivalent changes in the carbon tax-exclusive gasoline price. I find that the elasticity of fleet fuel economy with respect to the carbon tax ranges from -0.22 to -0.26 whereas this elasticity changes between -0.1 and -0.15 with respect to gasoline price (net of the carbon tax). I obtain consistent results when estimating the effect of both factors on fleet fuel economy conditional on fleet composition, indicating that almost all vehicle segments respond more strongly to changes in the carbon tax component of gasoline price than other components. Results also imply that, among all segments, the fuel consumption of compact sport utility vehicles (SUVs), minivans, and luxury high-end cars respond the most to the carbon tax.
Books on the topic "New Order Government policies"
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Iberia and Latin America: New democracies, new policies, new models. Lanham, Md: Rowman & Littlefield Publishers, 1996.
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Gurudas. Treason: The new world order. San Rafael, CA: Cassandra Press, 1996.
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Ifemesia, Bartholomew. A new world order: The world government. Enugu, Nigeria: Bethel Heritage Ltd., 1993.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1990.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1990.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1990.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division [and Commodity Economics Division, 1990.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1990.
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McDowell, Howard. U.S. milk markets under alternative federal order pricing policies. Washington, DC (1301 New York Ave., NW, Washington 20005-4788): U.S. Dept. of Agriculture, Economic Research Service, Agriculture and Trade Analysis Division, 1990.
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Roger, Douglas. The economic policies of New Zealand's Labour government. Vancouver, B.C: Fraser Institute, 1988.
Find full textBook chapters on the topic "New Order Government policies"
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Ohya, Yuichi. "The Negative Effect Factors of the Land Acquisition System for Profit-Oriented Enterprises in Order to Promote Economic Growth." In New Frontiers in Regional Science: Asian Perspectives, 73–89. Singapore: Springer Singapore, 2021. http://dx.doi.org/10.1007/978-981-15-8848-8_6.
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AbstractThe Land Acquisition (Amendment) Act of 1991 in Malaysia for economic growth has institutionally enabled arbitrary land acquisition. This paper reveals what is the fundamental determinant of the negative effects on the legal system concerning land acquisition for economic growth. As a result of this study consideration, the article of property rights within the limits of the law enables governments to have a broad discretionary power and liberalizes policies governments can implement. However, this study concludes policies that make light of personal assets will obstruct economic growth in the long run.
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Smith, Etienne. "Diaspora Policies, Consular Services and Social Protection for Senegalese Citizens Abroad." In IMISCOE Research Series, 289–304. Cham: Springer International Publishing, 2020. http://dx.doi.org/10.1007/978-3-030-51237-8_17.
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AbstractThis chapter presents the main areas of engagement of the state of Senegal with its diaspora. In the first part, it looks at the main institutions and policies geared towards the diaspora. In the second part, the chapter focuses specifically on diaspora policies in the area of social protection (unemployment, health care, family benefits, pensions, guaranteed minimum resources). If Senegal falls in the category of pioneer countries for some aspects of emigration policies (ministerial institutions, external voting, political representation), its policy for the diaspora in the field of social protection is rather scanty. As a developing country facing many structural economic issues, scaling up social protection in the homeland remains the top priority for the Government, relegating social protection for the diaspora as a secondary policy concern for now. Recent governmental policies towards the diaspora have focused primarily on tapping the resources of the diaspora in order to increase its contribution to economic development and facilitate productive investment by Senegalese abroad in their home country.
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Phillipson, Robert. "English in the New World Order." In Ideology, Politics and Language Policies, 87–106. Amsterdam: John Benjamins Publishing Company, 2000. http://dx.doi.org/10.1075/impact.6.08phi.
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Timpers, Anton. "Industrial Competitiveness and Government Policies in Uruguay." In Latin America’s New Insertion in the World Economy, 163–73. London: Palgrave Macmillan UK, 1996. http://dx.doi.org/10.1007/978-1-349-24720-2_12.
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Canterbury, Dennis C. "China–US policies and the CARICOM." In Caribbean Development in the New Multipolar World Order, 167–84. London: Routledge, 2021. http://dx.doi.org/10.4324/9781003092414-11.
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Ohno, Koichi. "Development Strategy and the Role of Government Policies: Reconsidering the East Asian Experience." In New Development Strategies, 134–52. London: Palgrave Macmillan UK, 2004. http://dx.doi.org/10.1057/9780230523609_7.
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Nester, William R. "The Shifting Balance of Political Power: Hearts, Minds and Policies." In American Power, the New World Order and the Japanese Challenge, 154–94. London: Palgrave Macmillan UK, 1993. http://dx.doi.org/10.1057/9780230374287_6.
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Dobrić, Dana. "Urban Dimension of the European Policies and the New EU Urban Agenda in Croatia." In Local Government and Urban Governance in Europe, 113–32. Cham: Springer International Publishing, 2016. http://dx.doi.org/10.1007/978-3-319-43979-2_6.
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Lee, Changkeun, and Euijune Kim. "Impact of Local Government Monetary and Fiscal Policies on Output Growth of Firms." In New Frontiers in Regional Science: Asian Perspectives, 105–20. Singapore: Springer Singapore, 2016. http://dx.doi.org/10.1007/978-981-10-0300-4_6.
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Panagariya, Arvind. "From Command and Control to a More Liberal Order: 1950–2018." In New India, 12–30. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780197531556.003.0002.
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The chapter provides an overview of India’s economic policies and growth experience from 1951 to 2018. The period is divided into four phases: 1951–81, 1981–88, 1988–2003, and 2003–18. A command-and-control and autarkic regime led to abysmal growth during the first phase. The second phase saw a mild transition toward a liberal regime and a slight uptick in growth. Reforms began in earnest in 1991, after which growth jumped as well. The economy grew especially rapidly during 2003–12, when extreme poverty saw a sharp decline. This growth made the government complacent, however, and it returned to several socialist-era policies during 2009–14. That led to a sudden slowdown in growth between 2012 and 2014. A new government came into office in 2014 and resumed reforms, and the economy grew 7.5 percent annually during 2014–19. The chapter concludes by making a case for accelerated economic reforms.
Conference papers on the topic "New Order Government policies"
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Adachi, Junji, Shunichi Adegawa, and Keiichi Aoyagi. "Toward the Next Generation Micro-Nanosystems: Technology and Industry Development in Japan." In 2007 First International Conference on Integration and Commercialization of Micro and Nanosystems. ASMEDC, 2007. http://dx.doi.org/10.1115/mnc2007-21641.
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MEMS industry in Japan has successfully taken off and been expected its rapid expansion, and is classified as a priority technology in the 3rd Science and Technology Basic Plan. Further involvement from the government in support technology development and commercialization is essential to achieve competitive advantage of the industry. In relation with the large anticipation of MEMS industry, Micromachine Center recently launched MEMS Industry Forum (MIF) in order to support MEMS industry development in collaboration with the government, the academia and the industry. Primary activities of MIF are policies proposal to the government, supporting the national project implementation, education, MEMS foundry service network and so on. The new national project, conducted by New Energy and Industrial Technology development Organization (NEDO), launched in July, 2006. The project focuses upon technology development on highly integrated MEMS, such as MEMS/MEMS, CMOS/MEMS and Nano/MEMS integrations, and its final goal is to commercialize the next generation MEMS devices and systems in five to ten years.
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Ivan, Lucian. "Management of Covid-19 Crisis at the Level of Defence Industry." In International Conference Innovative Business Management & Global Entrepreneurship. LUMEN Publishing, 2020. http://dx.doi.org/10.18662/lumproc/ibmage2020/21.
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According to estimates and analyses by the international community of economic analysts, the medical crisis generated by the Covid-19 pandemic will induce a major economic and financial crisis worldwide which, in conjunction with the current geopolitical situation, characterized by a high degree of uncertainty (e.g. strategic economic confrontation between the US and China, the position of force adopted by the Russian Federation), will affect production and supply chains, amplify the phenomenon of the adoption of trade policies of a protectionist nature, and, indirectly, will significantly affect national defense budgets. In this fluid geopolitical context, characterized by insecurity and systemic instability, a strategic rethink and recalibration of defence policies can be predicted in a new context, defined by the multipolar competition and the asymmetry of geopolitical geometry, the conflict between civilizational models (competition between democracy vs. autocratic/totalitarian political regimes), to the detriment of regional and international collective security arrangements. Changing government priorities generated by the pandemic crisis generated by Covid-19 may lead to a reduction in budgets for military endowment programs. Most governments allocate about 2% of GDP annually to the defence sector. Given the pandemic generated by Covid-19, there is a risk that some states will significantly reduce the budget allocated to the defence industry in order to increase the budgets for health systems, given the need to expand hospitals, as well as the purchase of medical equipment and services. In Romania, the topic of tools and opportunities that may be able to ensure the improvement of the effects and overcoming the economic crisis is currently being discussed through active economic measures, including in the field of the defence industry. In Romania, however, the path from debate to public policy and strategy assumed and applied is traditionally long and hard, requiring more pragmatism in addressing strategic economic issues.
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YEŞİLBURSA, Behçet Kemal. "THE FORMATION AND DEVELOPMENT OF POLITICAL PARTIES IN TURKEY (1908-1980)." In 9. Uluslararası Atatürk Kongresi. Ankara: Atatürk Araştırma Merkezi Yayınları, 2021. http://dx.doi.org/10.51824/978-975-17-4794-5.08.
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Political parties started to be established in Turkey in the second half of the 19th century with the formation of societies aiming at the reform of the Ottoman Empire. They reaped the fruits of their labour in 1908 when the Young Turk Revolution replaced the Sultan with the Committee of Union and Progress, which disbanded itself on the defeat of the Empire in 1918. Following the proclamation of the Republic in 1923, new parties started to be formed, but experiments with a multi-party system were soon abandoned in favour of a one-party system. From 1930 until the end of the Second World War, the People’s Republican Party (PRP) was the only political party. It was not until after the Second World War that Turkey reverted to a multiparty system. The most significant new parties were the Democrat Party (DP), formed on 7 January 1946, and the Nation Party (NP) formed on 20 July 1948, after a spilt in the DP. However, as a result of the coup of 27 May 1960, the military Government, the Committee of National Union (CNU), declared its intentions of seizing power, restoring rights and privileges infringed by the Democrats, and drawing up a new Constitution, to be brought into being by a free election. In January 1961, the CNU relaxed its initial ban on all political activities, and within a month eleven new parties were formed, in addition to the already established parties. The most important of the new parties were the Justice Party (JP) and New Turkey Party (NTP), which competed with each other for the DP’s electoral support. In the general election of October 1961, the PRP’s failure to win an absolute majority resulted in four coalition Governments, until the elections in October 1965. The General Election of October 1965 returned the JP to power with a clear, overall majority. The poor performance of almost all the minor parties led to the virtual establishment of a two-party system. Neither the JP nor the PRP were, however, completely united. With the General Election of October 1969, the JP was returned to office, although with a reduced share of the vote. The position of the minor parties declined still further. Demirel resigned on 12 March 1971 after receiving a memorandum from the Armed Forces Commanders threatening to take direct control of the country. Thus, an “above-party” Government was formed to restore law and order and carry out reforms in keeping with the policies and ideals of Atatürk. In March 1973, the “above-party” Melen Government resigned, partly because Parliament rejected the military candidate, General Gürler, whom it had supported in the Presidential Elections of March-April 1973. This rejection represented the determination of Parliament not to accept the dictates of the Armed Forces. On 15 April, a new “above party” government was formed by Naim Talu. The fundamental dilemma of Turkish politics was that democracy impeded reform. The democratic process tended to return conservative parties (such as the Democrat and Justice Parties) to power, with the support of the traditional Islamic sectors of Turkish society, which in turn resulted in the frustration of the demands for reform of a powerful minority, including the intellectuals, the Armed Forces and the newly purged PRP. In the last half of the 20th century, this conflict resulted in two periods of military intervention, two direct and one indirect, to secure reform and to quell the disorder resulting from the lack of it. This paper examines the historical development of the Turkish party system, and the factors which have contributed to breakdowns in multiparty democracy.
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Parekh, Harsukh, and Vipin Chandra Sati. "Pipelines Industry in India: Recent Developments and Future Requirements." In 2002 4th International Pipeline Conference. ASMEDC, 2002. http://dx.doi.org/10.1115/ipc2002-27019.
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The consumption of petroleum products in India has been growing at a high rate. In order to meet the growing demand for petroleum, additional refining capacity is planned to be created involving augmentation of some of the existing refineries and construction of new refineries. While the refineries will be in a position to meet the demand of petroleum products, the critical and vital issue will be to supply crude oil to the refineries and to reach the products to various consumption centers in an efficient, reliable and cost effective manner. In addition to the liquid petroleum, Natural Gas is emerging as the major source of energy/feedstock. Infrastructure for storage and transportation of Natural Gas are also required to be set up in a big way to meet the projected demand. This can best be done by constructing new pipelines which are recognized worldwide as the most reliable and cost effective mode of transportation of oil and gas. In addition to the requirement for new pipelines, there is a need for upgradation of technology in the existing cross-country pipelines, many of which are more than 20 years old. Moreover, Indian Government has, as part of the process of liberalisation of the economy through a series of measures focused on the infrastructural developments, technology upgradation, trade policies and financial reforms, has opened the core sector of Petroleum to private investment. Thus, considerable scope exists not only for consultants, equipment and material manufacturers/suppliers and contractors for providing their services but also for making investments in the Indian pipeline industry. This paper describes the prospects/opportunities in the Indian pipeline industry.
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Umasih, Umasih, and Nadiroh Nadiroh. "Pancasila Education : Jargon for its Improvement New Order Government." In Proceedings of the Annual Civic Education Conference (ACEC 2018). Paris, France: Atlantis Press, 2018. http://dx.doi.org/10.2991/acec-18.2018.94.
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Gershman, Harvey W. "The Latest and Greatest on the Resurgence of Waste-to-Energy and Conversion Technologies." In 18th Annual North American Waste-to-Energy Conference. ASMEDC, 2010. http://dx.doi.org/10.1115/nawtec18-3503.
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This presentation will provide a historical perspective on the development of waste-to-energy (WTE) and conversion technologies in the 1970s and 1980s. During this time period, U.S. EPA provided grant assistance to a variety of projects and technologies including refuse derived fuel (RDF) production, RDF combustion, pyrolysis, gasification and anaerobic digestion. This presentation will also provide the latest, up-to-date information about WTE and alternative technologies, including data on costs, and current status of projects developing across North America as they exist in 2010. It will provide a review of WTE technologies as an element of integrated solid waste management systems and highlight some of the advances which have been moved into production units to make WTE environmentally friendly. It will also include a brief look at plants worldwide, followed with a focus on facilities, technologies and companies operating in the U.S. Specific examples of technologies and associated facilities will include: –Mass Burn; –Modular; –RDF - Processing & Combustion; –RDF - Processing Only; –RDF - Combustion Only. Municipal waste combustors are regulated under the federal Clean Air Act (CAA), originally passed by Congress in 1963 and amended in 1967, 1970, 1977, 1990 and 1995 and 1998. The U.S. EPA may implement and enforce the requirements or may delegate such authority to state or local regulatory agencies. The CAA places emissions limits on new municipal waste combustors. In addition, the 1995 amendments to the Clean Air Act (CAA) were developed to control the emissions of dioxins, mercury, hydrogen chloride and particulate matter. By modifications in the burning process and the use of activated carbon injection in the air pollution control system, dioxins and mercury, as well as hydrocarbons and other constituents, have effectively been removed from the gas stream. The presentation will also review the companies offering WTE in the form of alternative technologies being promoted and considered in the U.S., and several recent and current procurements will be reviewed. GBB tracks over 150 different companies offering technologies, facilities and services whose developmental stages range from engineering drawings and laboratory models to full-scale operating prototypes. The presentation will provide an overview of these systems and their status. Implementation of new WTE projects — whatever technology is selected — will involve local governments in the process because MSW management is a local responsibility. Implementation will involve risks for local government and any private entities involved. A comprehensive review of the risks and challenges associated with implementing various technologies will be provided. The presentation will conclude with key elements to keep in mind when implementing WTE and/or conversion technologies. The last new MSW-processing WTE facility constructed in the U.S. commenced operations in 1996. Since that time, no new greenfield commercial plant has been implemented. In the past few years, however, interest in WTE and waste conversion has begun to grow, again. This renewed interest in waste processing technologies is due to several factors: successful CAA retrofits, proven WTE track record, increasing cost of fossil fuels, growing interest in renewable energy, concern of greenhouse gases, reversal of the Carbone Supreme Court Case, and the change in U.S. EPA’s hierarchy, which now includes WTE. Since 2004, several municipalities commissioned reports in order to evaluate new and emerging waste management technologies and approaches. These will be summarized. With the passage of the American Recovery and Reinvestment Act of 2009, the U.S. DOE has been working to advance innovative green energy technologies, which can be applied to MSW as well as other bio-feedstocks. DOE has made a number of grant awards to projects where MSW is used as a feedstock. This presentation will summarize the status of these projects and discuss how they should be viewed when considering new projects. The presentation will also outline policies for governments to consider when considering recycling goals with WTE. This review will be done in the context of environmental and energy considerations as well as public policy considerations. Comments will be included regarding current legislation and regulations, specifically for greenhouse gas emissions, being considered by the U.S. or state governments. The presentation will provide participants with: –A historical reference for experiences with WTE/alternative technologies in the U.S. in the 1970s and 1980s; –Latest information on the state of WTE/alternative technologies in the U.S., including their environmental performance; –A global understanding of current technologies and trends; –Understanding of the risks and challenges associated with implementing various technologies; –Understanding the key elements to keep in mind when implementing WTE; –Suggested policy for recycling and WTE to co-exist as components of a local solid waste system; and –Comments about current legislation being considered by the U.S. and state governments.
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Aggarwal, Vaishali. "Smart Cities in India: branded or brain-dead?" In 55th ISOCARP World Planning Congress, Beyond Metropolis, Jakarta-Bogor, Indonesia. ISOCARP, 2019. http://dx.doi.org/10.47472/rian9466.
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The notion of ‘smart cities’ is increasingly visible in discourses on the future of cities but Change is coming to transportation, whether we are ready for it or not. But how sustainable and digital innovation can unlock better people health and well-being, enhance safety and security and provide seamless mobility experiences. It can be argued that smartening the mobility infrastructure enables the citizens to make informed decisions, and this is indeed true- if done well, but it has a big “if.” This research engages with the key drivers of change and provides affirmative aspirations for mobility in the not-so-distant future in order to facilitate conversations about change. However, the development of possibilities (scenarios) for the government policies and business innovation is dependent on the advanced technology and socio-economic values, which are embedded in the context and culture. The research paper aims to visualize through foresight by design, plausible alternatives of sustainable future for passenger transport in Delhi to stimulate sustainable innovation developments for transportation and analyse the present innovative influences for smart mobility in Delhi to accelerate the adoption. The first part of the paper analyses how do urban planners use the discourse of smart cities and how it has defined in India then later suggest future scenario for the future which will empower users, changing mobility models and transforming eco-system where intelligent connectivity would unite varied rage of emerging technologies to enable smarter, healthier and more resilient and economically vibrant urban life. This research considers smart mobility by outlining current challenges, suggesting technological, infrastructural and policy solutions and distilling explorations of the future into a series of ‘user journeys.’ It seeks to answer if ‘branding of technology’ can be used as a tool to create a new identity for mobility of Delhi or ‘upgrade’ the existing situation. How can the context of Delhi be decoded to describe the perceptions of the people?
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Viveiros, Victor Hugo, Rayanne Lima, Fernando Lucas Martins, Alessandra Coelho, and Matheus Baffa. "Fully-Connected Neural Network for COVID-19 Chest X-Ray Imaging Classification Using Hybrid Features." In Workshop de Visão Computacional. Sociedade Brasileira de Computação - SBC, 2020. http://dx.doi.org/10.5753/wvc.2020.13498.
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Discovered on 31st December of 2019, the new Coronavirus has a high transmission capacity and was considered pandemic by the World Health Organization. In only six months is was able to spread all over the world and cause more than 600 thousand deaths. Early diagnosis is essential for governments to take public policies, such as social isolation, commerce control, and contact tracking. In order to make these actions, massive tests are required. On the other hand, diagnosis kits are expensive and not accessible to everyone. Medical imaging, such as thoracic x-ray and Computational Tomography (CT) has been used to visualize the lung and to verify at the first moment the presence of viral pneumonia. However, some countries have few radiologists specializing in chest x-ray analysis. The findings in the image are generally not so easy to see and can easily be confused with traditional pneumonia findings. For this reason, studies in Computer Vision are necessary, both to detect anomalies in imaging and to differentiate the other types of pneumonia. This paper addresses the initial results of a research, which developed an image classification methodology to differentiate x-ray images from sick patients, infected with Coronavirus, and healthy patients. The proposed method, based on the extraction and detection of patterns in texture and color features through a Deep Neural Network, obtained an average accuracy of 95% following a k-fold cross-validation experiment.
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Huang, Jinsong, and Chongqing Yang. "The impact of government policies and market dynamics on new product performance in China." In 2014 11th International Conference on Service Systems and Service Management (ICSSSM). IEEE, 2014. http://dx.doi.org/10.1109/icsssm.2014.6943402.
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Angelova, Ivana. "Building moratorium as a future instrument for tackling unsustainable urban growth." In 55th ISOCARP World Planning Congress, Beyond Metropolis, Jakarta-Bogor, Indonesia. ISOCARP, 2019. http://dx.doi.org/10.47472/ftam9222.
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We live in times when our planet is overloaded with issues coming from human activities where additional mechanisms to preserve the quality of life are essential. Modern societies experience constant internal dynamics. The uncontrolled urban growth leading to dense and unmanageable environment is a main urban issue cities face today. This is a prevailing problem in the developing countries where the construction industry is booming. Overall, while there is a rush to development there are also some conflicting interests and policies that are leading to unsustainable urban growth. To regulate a property development a local government can try to impose a moratorium on the issuance of building permits and this can be agreed upon all the interest parties or it may be imposed by operation of law (Lehman and Phelps, 2005). Oftentimes local authorities will impose a building moratorium to tackle development in order to have time to make a satisfactory urban plan or to make some changes and update the regulations. The land use control objective is to promote good planning values supported by the whole community. This is done by regulating the urban growth and it is best implemented on a carefully contemplated comprehensive plan. During a time a new plan is being drafted and growth balance is achieved some construction demand may arise based on an existing outdated, inadequate urban plan. If this demands are met “the ultimate worth of the eventual plan could be undermined” and this where the moratorium comes in place (Coon, 2010). The resources of academic literature on the case are somewhat in short supply and mainly based on describing specific case scenarios without a critical thought on the tool itself. Based on the resources the paper will look at a few different cases in developed countries using the growth management systems and one southeast european case - the city of Skopje, Macedonia that adopted the building moratorium system in January 2018. The author of this paper was personally involved in the decision making process in that time and will try to elaborate on how the tool was being used. The validity should be determined by weighing its impact on the affected parties and more comprehensive research in the economic repercussions of the mechanism is needed. A building moratorium is oftentimes a political decision and it's downside is that political parties would use it merely for their own purposes.
Reports on the topic "New Order Government policies"
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Flagg, Melissa, and Zachary Arnold. A New Institutional Approach to Research Security in the United States: Defending a Diverse R&D Ecosystem. Center for Security and Emerging Technology, January 2021. http://dx.doi.org/10.51593/20200051.
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U.S. research security requires trust and collaboration between those conducting R&D and the federal government. Most R&D takes place in the private sector, outside of government authority and control, and researchers are wary of federal government or law enforcement involvement in their work. Despite these challenges, as adversaries work to extract science, technology, data and know-how from the United States, the U.S. government is pursuing an ambitious research security initiative. In order to secure the 78 percent of U.S. R&D funded outside the government, authors Melissa Flagg and Zachary Arnold propose a new, public-private research security clearinghouse, with leadership from academia, business, philanthropy, and government and a presence in the most active R&D hubs across the United States.
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Terzyan, Aram. Belarus in the Wake of a Revolution: Domestic and International Factors. Eurasia Institutes, December 2020. http://dx.doi.org/10.47669/eea-3-2020.
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This paper explores the political landscape of Belarus in the aftermath of the 2020 presidential elections, with a focus on both domestic and international factors behind the ongoing crisis. Lukashenko’s regime has a long record of sustaining its power by preserving elite unity, controlling elections, and/or using force against opponents. Therefore, massive fraud characterizing the 2020 presidential elections and brutal suppression of peaceful protests in its aftermath came as no surprise. Against this backdrop, the anti-government protests following the presidential elections raised a series of unanswered questions regarding both their domestic and foreign policy implications. The biggest question is whether the Belarusian civil society and opposition will prove powerful enough to overcome state repression and change the status quo in Europe’s “last dictatorship”. Worries remain about the Belarusian opposition’s emphasis on foreign policy continuity, meaning that Belarus is bound to remain in the orbit of the Russian authoritarian influence. The total fiasco of post-Velvet Revolution Armenian government both in terms of domestic and foreign policies, among others, further reveals the excruciating difficulties of a democratic state-building within the Russia-led socio-political order.
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Idris, Iffat. Increasing Birth Registration for Children of Marginalised Groups in Pakistan. Institute of Development Studies (IDS), July 2021. http://dx.doi.org/10.19088/k4d.2021.102.
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This review looks at approaches to promote birth registration among marginalised groups, in order to inform programming in Pakistan. It draws on a mixture of academic and grey literature, in particular reports by international development organizations. While there is extensive literature on rates of birth registration and the barriers to this, and consensus on approaches to promote registration, the review found less evidence of measures specifically aimed at marginalised groups. Gender issues are addressed to some extent, particularly in understanding barriers to registration, but the literature was largely disability-blind. The literature notes that birth registration is considered as a fundamental human right, allowing access to services such as healthcare and education; it is the basis for obtaining other identity documents, e.g. driving licenses and passports; it protects children, e.g. from child marriage; and it enables production of vital statistics to support government planning and resource allocation. Registration rates are generally lower than average for vulnerable children, e.g. from minority groups, migrants, refugees, children with disabilities. Discriminatory policies against minorities, restrictions on movement, lack of resources, and lack of trust in government are among the ‘additional’ barriers affecting the most marginalised. Women, especially unmarried women, also face greater challenges in getting births registered. General approaches to promoting birth registration include legal and policy reform, awareness-raising activities, capacity building of registration offices, integration of birth registration with health services/education/social safety nets, and the use of digital technology to increase efficiency and accessibility.
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Obado-Joel, Jennifer. The Challenge of State-Backed Internal Security in Nigeria: Considerations for Amotekun. RESOLVE Network, December 2020. http://dx.doi.org/10.37805/pn2020.9.ssa.
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Nigeria faces immense internal security challenges, including the Boko-Haram crisis in the northeast and violent farmer-herder conflicts in the southwest and north-central states. Across the Nigerian federation, pockets of violent clashes have sprung and escalated in new locales in the last decade. Community responses to these violent crises have been diverse and included the establishment of armed groups to supplement or act in parallel to the security efforts of the Nigerian state—in some cases with backing from federal or state governments. These local security assemblages, community-based armed groups (CBAGs), are on the one hand contributors to local order, and normative conceptions of peace and security. On the other hand, these groups are often a pernicious actor within the broader security landscape, undermining intercommunal peace and drivers of violence and human rights abuses. This Policy Note focuses on the characteristics, challenges, and opportunities of Amotekun, a recently formed CBAG in Southwest Nigeria. Drawing from the experiences of similar Nigerian groups, the Note details recommendations that may facilitate greater success and lessen poten al risk associated with Amotekun’s formation. These recommendations are aimed primarily at Nigerian government and civil society actors and describe areas where external support could potentially improve local capacity to conduct oversight of Amotekun and similar groups.
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Innovative Infrastructure Financing through Value Capture in Indonesia. Asian Development Bank, May 2021. http://dx.doi.org/10.22617/spr200093-2.
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Indonesia needs significant additional infrastructure investment to sustain its economic growth. However, the COVID-19 pandemic has further limited the fiscal space of the government. This report proposes a new method to increase infrastructure investment based on the concept of value capture. The report studies how Indonesia’s existing policies and regulations can be used to build a value capture framework that ensures the maximization of the social, economic, and environmental value of infrastructure investments. The framework focuses on strategies to deliver infrastructure projects that create greater value and, at the same time, generate funding for up-front investment.
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The cassava seed system in Nigeria: Opportunities and challenges for policy and regulatory reform. International Potato Center, 2020. http://dx.doi.org/10.4160/23096586rtbwp20202.
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In many African countries south of the Sahara, farmers depend on the cultivation of vegetatively propagated crops (VPCs) for both consumption and commercial purposes. Yet yields for these crops remain at low levels due, in part, to the persistent use of low-quality planting material. Efforts to improve the quality of planting material exchanged in markets or through other channels are often hampered by the unique biological and economic characteristics of vegetative propagation—characteristics that distinguish VPCs from the major cereal crops that drive and shape the policy and investment choices made in many of these countries. This suggests that continued investment in new technologies and systems to produce, package, and distribute VPC planting materials will require customized policies and policy support if these systems are to supply farmers with quality planting material at any significant and sustained scale. This paper explores these issues in the context of the cassava seed system in Nigeria by drawing on (1) prior research, public policy documents, and government statistics; (2) key informant interviews and focus group discussions with seed system actors; and (3) a unique dataset from the 2015 Cassava Monitoring Survey of Nigeria (CMS). The paper examines the production and supply of cassava planting material, the influence of various quality assurance systems on production and supply, and the implications for smallholder farmers in Nigeria. We describe the market, non-market, and regulatory systems that shape the cassava seed market in Nigeria, focusing on effectiveness, influence, and reach. We then explore the ground realities—how farmers actually acquire and use cassava planting material—given the (weak) state of markets and regulation. This is followed by a discussion of alternative policy and regulatory approaches to managing and expanding the cassava seed system, emphasizing a more decentralized approach that prioritizes investment in innovative capacity at the community and enterprise levels.
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Financial Stability Report - Second Semester of 2020. Banco de la República de Colombia, March 2021. http://dx.doi.org/10.32468/rept-estab-fin.sem2.eng-2020.
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The Colombian financial system has not suffered major structural disruptions during these months of deep economic contraction and has continued to carry out its basic functions as usual, thus facilitating the economy's response to extreme conditions. This is the result of the soundness of financial institutions at the beginning of the crisis, which was reflected in high liquidity and capital adequacy indicators as well as in the timely response of various authorities. Banco de la República lowered its policy interest rates 250 points to 1.75%, the lowest level since the creation of the new independent bank in 1991, and provided ample temporary and permanent liquidity in both pesos and foreign currency. The Office of the Financial Superintendent of Colombia, in turn, adopted prudential measures to facilitate changes in the conditions for loans in effect and temporary rules for rating and loan-loss provisions. Finally, the national government expanded the transfers as well as the guaranteed credit programs for the economy. The supply of real credit (i.e. discounting inflation) in the economy is 4% higher today than it was 12 months ago with especially marked growth in the housing (5.6%) and commercial (4.7%) loan portfolios (2.3% in consumer and -0.1% in microloans), but there have been significant changes over time. During the first few months of the quarantine, firms increased their demands for liquidity sharply while consumers reduced theirs. Since then, the growth of credit to firms has tended to slow down, while consumer and housing credit has grown. The financial system has responded satisfactorily to the changes in the respective demands of each group or sector and loans may grow at high rates in 2021 if GDP grows at rates close to 4.6% as the technical staff at the Bank expects; but the forecasts are highly uncertain. After the strict quarantine implemented by authorities in Colombia, the turmoil seen in March and early April, which was evident in the sudden reddening of macroeconomic variables on the risk heatmap in Graph A,[1] and the drop in crude oil and coal prices (note the high volatility registered in market risk for the region on Graph A) the local financial markets stabilized relatively quickly. Banco de la República’s credible and sustained policy response played a decisive role in this stabilization in terms of liquidity provision through a sharp expansion of repo operations (and changes in amounts, terms, counterparties, and eligible instruments), the purchases of public and private debt, and the reduction in bank reserve requirements. In this respect, there is now abundant aggregate liquidity and significant improvements in the liquidity position of investment funds. In this context, the main vulnerability factor for financial stability in the short term is still the high degree of uncertainty surrounding loan quality. First, the future trajectory of the number of people infected and deceased by the virus and the possible need for additional health measures is uncertain. For that reason, there is also uncertainty about the path for economic recovery in the short and medium term. Second, the degree to which the current shock will be reflected in loan quality once the risk materializes in banks’ financial statements is uncertain. For the time being, the credit risk heatmap (Graph B) indicates that non-performing and risky loans have not shown major deterioration, but past experience indicates that periods of sharp economic slowdown eventually tend to coincide with rises in non-performing loans: the calculations included in this report suggest that the impact of the recession on credit quality could be significant in the short term. This is particularly worrying since the profitability of credit establishments has been declining in recent months, and this could affect their ability to provide credit to the real sector of the economy. In order to adopt a forward-looking approach to this vulnerability, this Report presents several stress tests that evaluate the resilience of the liquidity and capital adequacy of credit institutions and investment funds in the event of a hypothetical scenario that seeks to simulate an extreme version of current macroeconomic conditions. The results suggest that even though there could be strong impacts on the credit institutions’ volume of credit and profitability under such scenarios, aggregate indicators of total and core capital adequacy will probably remain at levels that are above the regulatory limits over the horizon of a year. At the same time, the exercises highlight the high capacity of the system's liquidity to face adverse scenarios. In compliance with its constitutional objectives and in coordination with the financial system's security network, Banco de la República will continue to closely monitor the outlook for financial stability at this juncture and will make the decisions that are necessary to ensure the proper functioning of the economy, facilitate the flow of sufficient credit and liquidity resources, and further the smooth operation of the payment systems. Juan José Echavarría Governor