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2024 | France began a new austerity period |
2023 |
SWOT analysis
Richard W. Puyt and colleagues published a history of SWOT, criticizing Mintzberg's account and asserting that the Long Range Planning Service at Stanford was the true originator of the SWOT concept.
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2023 | Finland began a new austerity period |
July 2023 |
Benefit corporation
Oregon Governor signed House Bill 3572, enabling public contracting agencies to award contracts to benefit corporations if their goods and services are within 5% of other companies' pricing.
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June 2023 |
Organic certification
The State Register of Operators Producing Organic Products and the State Register of Certification Bodies in Organic Production were launched by the Ministry of Agrarian Policy and Food of Ukraine, providing a comprehensive tracking system for organic producers and certifiers.
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February 2023 |
Infrastructure fund
Bloomberg reported Preqin's prediction that approximately $1.87 trillion would be dedicated to infrastructure investments by 2026.
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2022 | Argentina started another period of austerity |
2021 |
Infrastructure fund
A study revealed challenges in infrastructure fund performance, highlighting that these funds tend to deliver returns worse than investors may assume and are subject to economic cycle fluctuations.
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2021 | A study revealed that European incumbent governments that implemented austerity measures during the Great Recession lost support in opinion polls. |
2020 | A comprehensive study examined the impact of austerity measures on default risk, finding that such policies increase default risk during severe fiscal stress but potentially reduce default risk in low fiscal stress scenarios. |
2020 | A study using survey experiments in the UK, Portugal, Spain, Italy, and Germany found that voters strongly disapprove of austerity measures, particularly spending cuts. |
2020 | Mexico adopted austerity measures |
2020 |
New public management
AM Omar challenged Digital Era Governance (DEG) by integrating the governance approach with social media technology, publishing research on Brunei's Information Department exploring the application of social media in governance processes.
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June 30 2020 |
Benefit corporation
British Columbia became the first Canadian province to officially allow incorporation of benefit companies, marking a significant milestone in social enterprise legislation.
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2019 |
Organic certification
The Ministry of Agrarian Policy and Food of Ukraine approved the Order on the Approval of the State Logo for Organic Products, registering the state logo for organic products as a trademark owned by the ministry.
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April 18 2019 |
Benefit corporation
Kansas passes HB 2039 for public benefit LLCs, with the legislation becoming effective on July 1, 2019
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2018 |
Organic certification
By this year, China had more than 19,000 valid organic certificates and 66 organic certification bodies in operation.
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2018 |
Benefit corporation
Colombia introduced legislation recognizing benefit corporations, becoming one of the first countries outside the United States to establish a legal framework for this type of corporate entity.
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2018 | Nicaragua adopted additional austerity policies |
2018 | Argentina entered a new austerity period that continued into 2019 |
2018 | Economists Alberto Alesina, Carlo A. Favero, and Francesco Giavazzi publish an analysis in Finance & Development arguing that spending cuts have minimal impact on output and can help reduce debt-to-GDP ratio. |
July 23 2018 |
Benefit corporation
Delaware passes SB 183 for public benefit LLCs during the 149th General Assembly, with the law taking effect on August 1, 2018
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May 2018 |
Benefit corporation
Leader of the British Columbia Green Party introduced a bill to amend the Business Corporations Act, proposing the legal framework for 'benefit companies' in British Columbia.
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March 19 2018 |
Benefit corporation
Utah passes HB 186 for public benefit LLCs, with the legislation becoming effective immediately on March 19, 2018
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January 1 2018 |
Unsecured debt
The Monetary Authority of Singapore (MAS) implemented new regulations capping unsecured credit for borrowers, limiting additional credit for those whose outstanding debts exceed six times their monthly income, with a total credit limit not exceeding 12 times their monthly income.
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2017 | Ecuador entered an ongoing austerity period |
November 2017 | A study published in The BMJ links the Conservative government's austerity programme to approximately 120,000 deaths since 2010. |
2016 | Venezuela adopted additional austerity policies |
November 21 2016 |
Benefit corporation
Pennsylvania passes HB 1398 for public benefit LLCs, with the law taking effect on February 19, 2017
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2015 | Brazil entered another austerity period lasting until 2018 |
2015 | Finland implemented additional austerity measures lasting until 2019 |
2015 | End of research period analyzing elections in 124 European regions from eight countries, revealing the political consequences of fiscal consolidations. |
February 3 2015 | Joseph Stiglitz criticized austerity measures, arguing that they had failed repeatedly throughout history, from Herbert Hoover's approach during the Great Depression to IMF programs in East Asia and Latin America. |
2014 | Australia implemented austerity measures |
2014 | Mark Blyth publishes a book critiquing austerity, arguing that it fails to stimulate growth and passes debt to the working classes. |
February 8 2014 |
Benefit corporation
Washington, D.C. passed benefit corporation legislation, with the law taking effect on May 1, 2013.
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2013 | The IMF publishes a detailed analysis concluding that austerity policies could potentially slow or reverse economic growth and inhibit full employment. |
2013 | China adopted austerity policies |
June 18 2013 |
Benefit corporation
Oregon passes HB 2296 for public benefit LLCs, with the legislation becoming effective on January 1, 2014
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2012 | Greece undergoes a debt restructuring, which helps mitigate some of the government's debt increase. |
2012 | European countries collectively experienced austerity |
2012 | Argentina implemented another round of austerity measures |
December 2012 |
Organic certification
Organic certification was officially implemented in Argentina through a Ministry of Agriculture resolution.
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October 2012 | The IMF announced that its forecasts for countries implementing austerity programs had been consistently overoptimistic, suggesting that tax hikes and spending cuts were causing more damage than expected. |
August 2 2012 |
Benefit corporation
Illinois passed benefit corporation legislation, implementing a law that would take effect on January 1, 2013.
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February 12 2012 | The Greek parliament approved the third round of austerity measures, which was met with strong opposition, particularly in Athens and Thessaloniki, where police clashed with demonstrators. |
2011 |
Organic certification
China issued the Organic Standard GB/T 19630.1-4—2011, which established the standard procedure for organic certification processes performed by the China Quality Certification Center (CQC).
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2011 | The IMF begins to issue guidance suggesting that austerity measures could be harmful when applied without considering an economy's underlying fundamentals. |
2011 | Netherlands entered an austerity period lasting until 2014 |
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This contents of the box above is based on material from the Wikipedia articles Benefit corporation, New public management, Austerity, Organic certification, SWOT analysis, Infrastructure fund, Leadership & Unsecured debt, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.