Contingencies for Intercultural Dialogue in Virtual Space: An Empirical Research on the Role of Internet in Fostering Intercultural Competences from the Perspective of Migrant Youth

Against the background of the emerging multicultural migration society, acquisition of intercultural competences is getting vitally important for youngsters to actively and effectively engage with intercultural dialogue in a co-existent life context. Contingencies for such intercultural dialogue and to foster intercultural competences of youngsters are opened in virtual space when youth with different ethnic, social and cultural background go online. However, differences in Internet use and competences acquisition as “digital inequality” also exist among youth with different socio-cultural background. This article reports on a quantitative survey of 300 Turkish migrant youth in Germany as empirical sample about how Internet use generally fosters their intercultural competences, what differences exist among them and which indicators can explain the differences. Preliminary findings show that the contingencies of Internet in fostering intercultural competences are still not much employed and realised by Turkish migrant youth. Four online groups connected with bonding, bridging, both (bonding and bridging) and none socio-cultural networks are found out based on the cluster analysis with SPSS. These different networks, from the perspective of social cultural capital, can explain the differences concerning development of intercultural competences among them. It is indicated in this research that many Turkish migrant youth still lack recognition and capabilities to construct their intercultural social networks or relations through using Internet and further to employ the relations as intercultural social capital or social support in their life context. This therefore poses a critical implication for youth work to help migrant youth construct and reconstruct their socio-cultural networks through using Internet so as to extend social support for competences acquisition.

The Risk Management of Minimum Return Guarantees

Contracts paying a guaranteed minimum rate of return and a fraction of a positive excess rate, which is specified relative to a benchmark portfolio, are closely related to unit-linked life-insurance products and can be considered as alternatives to direct investment in the underlying benchmark. They contain an embedded power option, and the key issue is the tractable and realistic hedging of this option, in order to rigorously justify valuation by arbitrage arguments and prevent the guarantees from becoming uncontrollable liabilities to the issuer. We show how to determine the contract parameters conservatively and implement robust risk-management strategies.

Approaching Migrant Youth Marginalization through the Capabilities Approach: Methodological Proposals

Adopting the capabilities approach and the terminology that has been respectively developed, we could assume that Amartya Sen’s “capabilities” consist in the actual living that people manage to achieve (“functionings”) as a result of actual free will. Sen’s freedom does not “only [depend on the] mere degree of the presence or absence of coercion or interference (from others)” (Otto and Ziegler 2006) but also on “the range of options a person has in deciding what kind of life to lead” (Dreze and Sen 1995, 10). In his book, Identity and Violence, Sen, without explicitly connecting the capabilities approach with his views on “genuine multiculturalis” (Sen 2007), in fact, introduces this extended conception of freedom in the way we examine identity matters. Since freedom becomes perceptible as the range of options a person has, concerning the kind of life he wishes to live, cultural freedom can be defined through the concept of the multiplicity of belonging. In other words, cultural freedom constitutes itself a capability, which is realized when nothing and no one, not even myself, can tie me down to a kind of cultural rigidity that tends to exclude and marginalize me. This latent connection of “capabilities” with “multiple identities” (Sen 2007) challenges us to search for the contribution Sen’s approach could have in the understanding and confrontation of issues concerning migrants, away from theoretical patterns that overemphasize the cultural otherness as an impediment to inclusion. Besides, Sen himself, without of course focusing exclusively on migrants, has already approached the matter of social exclusion with terms of his capabilities approach (Sen 2000).