Devaluation, competitiveness and new business formation in emerging countries

In September 2010, Brazil’s Finance Minister, Guido Mantega, used the term “currency war” with reference to monetary policies implemented by different countries to generate an artificial devaluation of their currency and achieve a cheaper, more competitive domestic economy that may be attractive to foreign investors. Similar cases have been documented since the 1930s Great Depression, when several countries abandoned the gold standard as backing for their currencies. More recently, a large-scale asset purchase by Japan’s Central Bank in 2013 was singled out as a strategy aimed at generating devaluation of the yen. This research uses statistics of new business formation density reported by Doing Business for 30 emerging countries in the period 2004-2011 to evaluate the impact of devaluation measured by the behavior of the real effective exchange rate (REER) on the rate of new business formation (NBF). It is determined how variables associated with competitiveness affect the relationship between devaluation and business formation. Results show that devaluation has a positive effect on NBF in the short term, which gets diluted in the long term. Countries with greater competitiveness have less dependence on devaluation to increase the number of businesses.

Intolerance of uncertainty modulates the insensitivity to reinforcer devaluation found in an avoidance task

The reinforcer devaluation paradigm has been regarded as a canonical paradigm to detect habit-like behavior in animal and human instrumental learning. Though less studied, avoidance situations set a scenario where habit-like behavior may be of great experimental and clinical interest. On the other hand, proactive intolerance of uncertainty has been shown as a factor facilitating responses in uncertain situations. Thus, avoidance situations in which uncertainty is favoured, may be taken as a relevant paradigm to examine the role of intolerance of uncertainty as a facilitatory factor for habit-like behavior to occur. In our experiment we used a free-operant discriminative avoidance procedure to implement a devaluation paradigm. Participants learned to avoid an aversive noise presented either to the right or to the left ear by pressing two different keys. After a devaluation phase where the volume of one of the noises was reduced, they went through a test phase identical to the avoidance phase except for the fact that the noise was never administered. Sensitivity to reinforcer devaluation was examined by comparing the response rate to the cue associated to the devalued reinforcer with that to the cue associated to the still aversive reinforcer. The results showed that intolerance of uncertainty was positively associated to insensitivity to reinforcer devaluation. Finally, we discuss the theoretical and clinical implications of the habit-like behavior obtained in our avoidance procedure.

Corpo : a busca de si, esse estranho... no encontro com o outro

Universidade Estadual de Campinas. Faculdade de Educação Física

Universo moral de jovens internos da Febem

Neste estudo, apresentamos elementos do universo moral de jovens internos da Fundação do Bem-Estar do Menor do Estado de São Paulo. Entrevistamos 14 sujeitos sobre o tema do 'Seguro', uma forma de organização criada pelos próprios jovens internos, que está baseada em regras precisas cuja desobediência implica a exclusão do transgressor. Procuramos verificar as formas de legitimação da referida organização, e os valores morais que a sustentam. As categorias de análise dos dados foram: autonomia/heteronomia, virtudes e personalidade moral. Os dados apontam para o predomínio de formas heteronômicas de legitimação das regras, para a valorização de certos traços de caráter (virtudes) como a 'firmeza', a 'virilidade', a 'coragem' e para a franca desvalorização de seus contrários (fraqueza, homossexualidade, medo). Os dados também apontam para a construção de uma identidade que inclui valores do chamado 'mundo do crime' e que se opõe claramente ao 'mundão', que inclui as pessoas que não são os 'malandros'.

Rewarded associative and instrumental conditioning after neonatal ventral hippocampus lesions in rats

Sprague Dawley rats were submitted to bilateral ventral hippocampus lesions 7 days after birth. This corresponds to the Lipska and Weinberger`s procedure for modeling schizophrenia. The aim of the present work was to test the learning capacity of such rats with an associative Pavlovian and an instrumental learning paradigm, both methods using reward outcome (food, sucrose or polycose). The associative paradigm comprised also a second learning test with reversed learning contingencies. The instrumental conditioning comprised an extinction test under outcome devaluation conditions. Neonatally lesioned rats, once adults (over 60 days of age), showed a conditioning deficit in the associative paradigm but not in the instrumental one. Lesioned rats remained able to adapt as readily as controls to the reversed learning contingency and were as sensitive as controls to the devaluation of outcome. Such observations indicate that the active access (instrumental learning) to a reward could have compensated for the deficit observed under the ""passive"" stimulus-reward associative learning condition. This feature is compared to the memory management impairments observed in clinical patients. (c) 2008 Elsevier B.V. All rights reserved.

Efeitos subjetivos do processo de trabalho vivenciados por profissionais em um Centro de Atenção Psicossocial Álcool e Drogas

Esta tese apresenta os resultados da pesquisa que teve como objetivo analisar como os trabalhadores vivenciam os efeitos subjetivos produzidos pelo processo de trabalho de um Centro de Atenção Psicossocial Álcool e Drogas (CAPSad). A pesquisa foi realizada sob uma abordagem qualitativa, em um CAPSad do município de Vila Velha, Espírito Santo. A coleta de dados se deu por meio de cinco etapas: 1. Análise documental das políticas vigentes sobre uso de drogas; 2. Análise de prontuários; 3. Entrevista coletiva com dez trabalhadores; 4. Oitenta horas de observação do cotidiano de trabalho; 5. Entrevista em profundidade com treze trabalhadores. Para análise de dados foi utilizada a técnica da Análise Temática. Constatamos que no plano das políticas sobre o assunto,há prevalência de ideias relacionadas à repressão dos usuários, apesar da tentativa do Ministério da Saúde (MS) em abordar a redução de danos como uma estratégia que valoriza o sujeito e sua singularidade. A análise ainda apontou as dificuldades que os profissionais enfrentam neste município para atuar segundo as diretrizes do MS, uma vez que as ações municipais dão ênfase à repressão, à religiosidade e ao amedrontamento como estratégia de prevenção, com apoio da justiça e da polícia. Enfatizamos que tais ambiguidades repercutem no trabalho e para o trabalhador. Apontamos ainda outros aspectos que geram efeitos para os trabalhadores: condições de trabalho precárias (devido à estrutura do serviço, baixos salários e rede de atenção inexistente), falta de reconhecimento (devido à omissão da gerência e à ausência de normas) e sobrecarga (devido à falta de profissionais e aos conflitos nas divisões de tarefas). Essas situações levam a efeitos subjetivos como: desgaste, adoecimento, medo, incapacidade de agir, apatia, desvalorização, desmotivação e no aprisionamento do trabalhador. Notamos que estes efeitos são todos negativos e que os profissionais os vivenciam por meio do distanciamento afetivo no processo de trabalho, o que repercute negativamente na possibilidade de produção de um cuidado efetivo. Sugerimos que haja investimentos na formação de todos os trabalhadores que atuam nesse local, com foco na educação permanente, uma vez que por meio desta há o incentivo da aprendizagem e o enfrentamento criativo dos efeitos vivenciados no cotidiano.É preciso que haja diálogo, seja entre os trabalhadores e a gestão, entre os próprios trabalhadores e entre trabalhadores e usuários.

Residents’ perceptions of tourism impacts in Guimarães (Portugal): a cluster analysis

In this investigation, a cluster analysis was used to separate Guimara˜es (Portugal) residents into clusters according to their perceptions of the impacts of tourism development. This approach is uncommonly applied to Portugal data and is even rarer for world heritage sites. The world heritage designation is believed to make an area more attractive to tourists. The clustering procedure analysed 400 data observations from a Guimara˜es resident survey and revealed the existence of three clusters: the Sceptics, the Moderately Optimistic and the Enthusiasts. The results were consistent with the empirical literature’s results, with the emergent nature of the destination found to be relevant. The fact that tourism is relatively recent in this destination has its major reflex in the devaluation by most of the residents of the negative impacts of tourism development.

Depreciações de activos fixos tangíveis: o impacto da alteração dos métodos de depreciação nos resultados das entidades

Dissertação para obtenção do Grau de Mestre em Contabilidade e Finanças Orientadora: Mestre Helena Maria Santos de Oliveira

Para a defesa de uma Ética Ambiental Antropocentrada

Os debates produzidos pelas éticas ambientais contemporâneas tendem a recusar, na sua maioria, qualquer abordagem de fundo antropocêntrico, identificando esta postura com uma desvalorização da natureza em detrimento dos interesses humanos. Para além disso, é comum entenderem-se os interesses da espécie humana como uma instrumentalização abusiva do ambiente, sobretudo com a finalidade de produzir bem-estar social e económico. A presente reflexão pretende contestar estas posições, promovendo uma distinção entre a legítima percepção e valorização da natureza a partir do ponto de vista humano e uma ilegítima atitude de desvalorização e instrumentalização do meio ambiente. Procuraremos defender uma atitude que tem sido caracterizada entre os especialistas como um antropocentrismo fraco ou moderado, cujo alcance e potencialidades éticas não nos parecem ter recebido ainda a devida atenção.

Perspetivas dos professores do ensino básico e secundário face ao desempenho da profissão: perplexidades e desafios

Dissertação apresentada à Escola Superior de Educação de Lisboa para obtenção de grau de mestre em Ciências da Educação, especialidade Supervisão em Educação

Os enfermeiros e as representações sociais sobre o envelhecimento : implicações nos cuidados promotores da autonomia da pessoa idosa hospitalizada

RESUMO: O envelhecimento da população tende a aumentar em todo o mundo, trazendo consequências a níveis sociais, económicos, e de saúde. As hospitalizações e a necessidade de cuidados de enfermagem à população idosa tendencialmente aumentam pela maior fragilidade, derivada do aumento das situações de doença crónica e dependência. Os cuidados de enfermagem podem ser influenciados pelas representações sociais acerca do envelhecimento, estando associados mitos e estereótipos, e levar à desvalorização da individualidade e autonomia da pessoa idosa. Neste sentido, preconiza-se a realização de cuidados em parceria com a pessoa idosa, que promovam a sua autonomia e empowerment. Este estudo tem como objectivo compreender o modo como as representações sociais dos enfermeiros acerca do envelhecimento influenciam os cuidados de enfermagem na promoção da autonomia do idoso hospitalizado. Realizámos um estudo qualitativo, com recurso à entrevista e a técnica por associação livre de ideias, sendo entrevistados 17 enfermeiros de um serviço de internamento de medicina. Da análise dos resultados, constatámos que para os enfermeiros do estudo a representação social negativa acerca do envelhecimento foi a mais evidenciada, associada a situações como: dependência, doença, solidão, isolamento, necessidades, tristeza, peso na sociedade/problemas/dificuldades; levando à desvalorização das capacidades físicas, mentais, psicológicas, e da autonomia da pessoa idosa. Como factores dificultadores da promoção do respeito e autonomia da pessoa idosa referiram a motivação, características do enfermeiro e da pessoa idosa e os constrangimentos institucionais. Contudo alguns enfermeiros utilizam estratégias facilitadoras da promoção da autonomia como a: apresentação, proximidade, disponibilidade, promoção da esperança, avaliação da situação, e capacitação física e mental. Concluímos que as representações sociais negativas acerca do envelhecimento condicionam os cuidados de enfermagem na promoção da participação da pessoa idosa nos cuidados e nas decisões relativas a si. Os cuidados realizados em parceria, influenciados por uma visão positiva da pessoa idosa, valorizam a sua individualidade e toda a sua história de vida fomentando a sua autonomia.---------- ABSTRACT: Population aging is a global phenomenon, felt particularly in developed countries, with consequences at the social, economic and health-related levels. Hospitalization rates and nursing care needs among the elderly are on the rise in part due to the increased fragility of this population which experience greater levels of dependency and chronic disease. The quality of nursing care may be influenced by social representations of aging, associated with myths and stereotypes, that may lead to the devaluation of the individuality and autonomy of elderly persons. To this end, advocates for care in partnership with the elderly person, that promote their empowerment and autonomy. The present study aims to understand the manner in which social representations held by nurses with regards to the phenomenon of aging influence nursing care, with particular emphasis on the promotion of autonomy among hospitalized elderly patients. This study is a qualitative study, utilizing interviews and the free association of ideas technique, with a total of 17 interviews conducted on nurses working in a hospital ward. According to our results, nurses harbour negative social representations concerning the aging process, associating the latter with dependency, disease, loneliness, needs, sadness, burden on society/problems/difficulties, all of which may lead to the devaluation of the physical, mental, and psychological capacities of the elderly, negatively impacting upon their autonomy. Among those factors found to hinder the promotion of respect and autonomy of the elderly in this study, are personal motivation, characteristics of the nurse and the elderly person and institutional barriers. However, some nurses made use of a number of strategies that promoted patient autonomy, namely: presentation, proximity, availability, the promotion of hope, situation evaluation and physical and mental capacitation. In conclusion, negative social representations concerning aging condition the quality of nursing care, particularly, in what concerns the promotion of patient participation in care and self determination. Nursing interventions carried out in collaboration with the patient, influenced by a positive view of the elderly, value the individuality and life history of these individuals, thereby fomenting their autonomy

The influence of burden of care and perceived stigma on expressed emotions of relatives of stable persons with schizophrenia in Nigerian semi-urban/urban settings

RESUMO: Schizophrenia’s burden defines experience of family members and is associated with high level of distress. Courtesy stigma, a distress concept, worsens caregivers’ burden of care and impacts on schizophrenia. Expressed emotion (EE), another family variable, impacts on schizophrenia. However, relationship between EE, burden of care and stigma has been little explored in western literature but not in sub-Saharan Africa particularly Nigeria. This study explored the impact of burden of care and courtesy stigma on EE among caregivers of persons with schizophrenia in urban and semi-urban settings in Nigeria. Fifty caregivers each from semi-urban and urban areas completed a socio-demographic schedule, family questionnaire, burden interview schedule and perceived devaluation and discrimination scale. The caregivers had a mean age of 42 (± 15.6) years. Majority were females (57%), married (49%), from Yoruba ethnic group (68%), monogamous family (73%) and Christians (82%). A higher proportion of the whole sample (53%) had tertiary education. Three out of ten were sole caregivers. Seventy three (73%) lived with the person they cared for. The average number of hours spent per week by a caregiver with a person with schizophrenia was 35 hours. The urban sample had significantly higher proportion of carers with high global expressed emotion (72.7%) than the semi-urban sample (27.3%). The odds of a caregiver in an urban setting exhibiting high expressed emotion are 4.202 times higher than the odds of caregiver in a semi-urban setting. Additionally, there was significance difference between the urban and semi-urban caregivers in discrimination dimension. High levels of subjective and objective burden were associated with high levels of critical comments. In conclusion, this study is the first demonstration of urban-semi-urban difference in expressed emotion in an African country and its findings provide further support to hypothesized relationship between components of EE and burden of care.

Adjusting to external imbalances within the EMU, the case of Portugal

From 1995 to 2010 Portugal has accumulated a negative international asset position of 110 percent of GDP. In a developed and aging economy the number is astonishing and any argument to consider it sustainable must rely on extremely favorable forecasts on growth. Portuguese policy options are reduced in number: no autonomous monetary policy, no currency to devaluate, and limited discretion in changing fiscal deficits and government debt. To start the necessary deleveraging a remaining possible policy is a budget-neutral change of the tax structure that increases private saving and net exports. An increase in the VAT and a decrease in the employer’s social security contribution tax can achieve the desired outcome in the short run if they are complemented with wage moderation. To obtain a substantial improvement in competitiveness and a large decrease in consumption, the changes in the tax rates have to be large. While a precise quantitative assessment is difficult, the initial increase in the effective VAT rate needed to allow the social security tax to decrease by 16 percentage points (pp) is approximately 10 pp. Such a large increase in the effective VAT rate could be obtained by raising most of the reduced VAT rates to the new general VAT rate of 23 percent. The empirical analysis shows that over time the suggested tax swap could generate surpluses and improve the trade balance. A temporary version of the suggested tax-swap has the attractiveness to achieve a sharper increase in the private saving rate maintaining the short run gains in competitiveness. Finally, the temporary version of the fiscal devaluation could be the basis for an automatic stabilizer to external imbalances within a monetary union.Portugal has been running large current account deficits every year since 1995. These deficits have accumulated to an astonishing 110 percent of GDP negative external asset position. The sustainability of such a large external position is questionable and must rely on fantastic productivity growth expectations. The recent global financial crisis appears to have anticipated the international investors reality check on those future expectations with the result of a large increase in the cost of external financing. Today the rebalancing of the current account through an increase in national savings and an improvement in competitiveness must be at the top of the Portuguese authorities “to do” list as the cost of a pull out from international investors is of the order of 10% of GDP. The external rebalancing is difficult as the degrees of freedom of the Portuguese authorities are limited in number: they have no autonomous monetary policy, no currency to devaluate, and little discretion in fiscal policy as deficit limits and debt targets are set by the Stability Growth Pact and the postcrisis consensus on medium-term fiscal consolidation. One possibility that remains is to change the fiscal policy mix for a given budget deficit. The purpose of this paper is to explore the effects of a “fiscal devaluation”1 obtained through a tax swap between employers’ social security contributions and taxes on consumption2. The paper begins by illustrating Portugal’s current account evolution during the euro period. The second section section lays out a model to offer a qualitative assessment of the dynamic outcomes of the the tax swap. I show that the suggested tax swap can in theory achieve the desired outcomes in terms of competitiveness and consumption if complemented with moderation (stickiness) in wages. I also study the effects of a temporary version of the tax swap and show that it achieves a sharper improvement in the current account that accelerate the rebalancing. The third section moves to the empirical analysis and estimates the likely effects of the tax swap for the Portuguese economy. The fourth section concludes.

The alarm distress baby scale in a longitudinal Portuguese study reanalyzed with attachment data

Article first published online: 13 NOV 2013