Conceptualisation of Economic Crisis in Discourse:  From the Great Depression to the Great Recession

Oliynyk, Natalya; Shevchenko, Iryna

doi:10.20535/2410-8286.78867

Cited by 3 publications

(2 citation statements)

References 8 publications

(1 reference statement)

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“…They are mostly referred to as shocks or crises, which are caused by some sort of a triggering event. Such disasters are sometimes also labelled as economic depressions when they are more long-term (Eslake, 2009), economic collapses, breakdowns, crashes or meltdowns (Oliynyk & Shevchenko, 2016). According to Cerra et al (2021), these are caused by various triggering events, including exogenous shocks to the economic system, such as financial, political or health-related triggers like COVID-19.…”

Section: Introductionmentioning

confidence: 99%

Is there any ‘new normal’? Economics of the turmoil

2024

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With the outbreak of the COVID-19 pandemic, the world came to a standstill. Scholars and policymakers dealing with the economic consequences of the pandemic quickly realised that returning to the pre-pandemic state was impossible—the global community had been heading toward a “new normal”. Unfortunately, before we could recognise and tame the “new normal” for good, it was disrupted by the Russian invasion of Ukraine and subsequent energy crises. Therefore, in the monograph’s title, we question whether any “new normal” exists. However, disruptions and shocks are unimaginable to get used to; as researchers, we believe knowledge becomes particularly valuable in such circumstances. Defining, studying and describing turmoils allow, if only to some extent, to control the damages they cause. Hence, the research presented in this book aims to identify and explore challenges at the supranational and national levels. Focusing on those challenges, we got to investigate the multidimensional impact of the pandemic shock on business reality. In doing that, we hoped to collect a valuable foundation for formulating a resilience policy, which, to be effective, must respect the peculiarity of national economies, industries, firms, and individual consumers.

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Section: Introductionmentioning

confidence: 99%

Is there any ‘new normal’? Economics of the turmoil

2024

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Section: Introductionmentioning

confidence: 99%

The COVID-19 pandemic in the disaster and economic discourses

Palzur

2024

Is There Any ‘New Normal’? Economics of the Turmoil

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Purpose: The chapter aims to compare how the disciplines of economics and disaster research use terminology related to the long-term impacts of disasters and crises and particularly to discuss the overlaps in the use of the concepts “economic scarring” and hysteresis from the economics literature with the concepts of resilience, “bouncing back” or “bouncing forward” from the disaster discourse. Design/methodology/approach: By using a comparative literature review, the chapter compares the terms used in the economic literature with those used in the disaster literature and applies these concepts to the context of the COVID-19 pandemic, considering it a global disaster with significant economic implications. Findings: While earlier literature showed similarities in the use of the terms hysteresis, scarring, resilience, and bouncing back, a comparison of COVID-19 studies reveals divergences in operational definitions. The economic discourse still uses single indicators like GDP, output or unemployment to measure economic scarring and hysteresis, while the disaster discourse utilises more often multi-indicator operational definitions or indices, which demonstrate the multi-dimensional characteristics of the concept of resilience. Originality and value: This chapter seeks to identify potential differences in how two disciplines approach the study of disasters, crises, or shocks and aims to foster interdisciplinary dialogue and understanding. The chapter provides a resource for scholars in disaster and crisis research, helping to frame the concepts and relevant literature into groupings and assists a better selection of concepts for research in the field.

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Semantic Relations in Topical Sequences of English Business Discourse

Yushkevych

2017

Adv Educ

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The article presents the analysis of the content organisation of English business discourse, which can be hierarchical and linear. The overview of scientific papers demonstrates that only hierarchical organisation of discourse has been thoroughly studied, while the linear one is still the subject of investigation. The focus of this paper is the analysis of the linear-hierarchical organisation of the realised themes and topics in it and existing semantic relations between them. The linear-hierarchical organisation of the content in English business discourse is considered as a set of models: a monotopical one, which displays the realisation of the same theme and/ or topic within the exchange, and a polytopical one, i.e. a content model that presents the unfolding of various themes and / or topics within the same exchange. The types of a polytopical model are identified as follows: first type demonstrates topical sequence, in which various topics belonging to one theme are combined; second type shows topical sequence, in which various topics belonging to different themes are combined. The types of semantic relations between the elements of the model are examined. The author has identified that in the monotopical model relations of generalisation, specification, modification, support and closing are realised, and in polytopical model -relations of digression and change. Topic change in its turn can be sharp/ incohesive or gradual / coherent.

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Conceptualisation of Economic Crisis in Discourse: From the Great Depression to the Great Recession

Cited by 3 publications

References 8 publications

Is there any ‘new normal’? Economics of the turmoil

Is there any ‘new normal’? Economics of the turmoil

The COVID-19 pandemic in the disaster and economic discourses

Semantic Relations in Topical Sequences of English Business Discourse

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