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Business cycles of Baltic countries and their main trading partners
2005
Freimane, R.(Latvia Univ. of Agriculture, Jelgava (Latvia))E-mail:Ilona.Ozolina@hansabanka.lv
The aim of the paper is to analyze relationship between international trade and the correlation of the business cycles between Baltic countries and their main trading partners. Two univariate methods are used to extract cyclical components in the time series: exponential smoothing procedure the Hodrick-Prescott filter and unobserved components method. A simple regression model proves the hypothesis that trade intensity has led to business cycle synchronization. The main conclusion is that there exists a strong correlation between the business cycles of the Baltic countries. However, the economic cycle of Baltic countries is different from that of their main trading partners in EU. According to Optimum Currency Area theory, these results cast doubts on the usefulness of adopting the euro in the Baltic countries in the near future. On the other hand, recently the deepening of economic integration has led to make intense trade between the Baltic countries and the EU, which may eventually imply more synchronised cycles in the future.
Mostrar más [+] Menos [-]From waste to relief: unlocking the potential for food rescue in low- and middle-income countries
2023
Bodach, Susanne | Athukorala, Aruni Narmada | Wickramaarachchi, Hasintha
Food rescue has emerged as a promising approach to address the interrelated issues of food insecurity and food waste. According to the food waste hierarchy, the next best strategy after food waste prevention is to donate surplus food for human consumption. However, while some countries have well-established networks of charities and government support to promote surplus food donation and food rescue in most developing countries is often less structured and smaller in scale. To gain insights into the current landscape of food rescue, this study thoroughly examined existing food rescue operations and systems, mainly from the UK, Singapore, Malaysia, India, and the Philippines. The study also analysed several countries' food rescue policy environments to understand how an enabling environment can be created. A particular focus was set on food safety being a critical consideration when rescuing and donating surplus food. Simplified food safety guidelines, staff training, and adequate storage and transportation facilities are crucial to food safety. Effective partnerships between food rescue organizations, food businesses, government agencies, and other stakeholders are also critical to the success of food rescue efforts. The study found a need to develop such partnerships in developing countries, where they may be less established than in the Global North. To facilitate the development of an enabling environment for food rescue in low- and middle-income countries (LMICs), the study developed a set of templates, including relevant food safety guidelines, partnership contracts, and policy templates. These resources can serve as valuable tools for stakeholders in LMICs to promote and enhance food rescue efforts that can help address food insecurity and reduce food waste.
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