VOLUME 7 ISSUE 1 APRIL 2022
COVER
FRONT PAGES
A study on the balanced scorecard implementation of the SDIF
Nizamulmulk Gunes & Erdinc Percemli
Pages: 1-13
Published Online: 20 March 2022
Abstract
There are several management methods and tools transferred from private sector to public sector in order to attain efficiency and effectiveness with the movement of New Public Management. One of those methods is the Balanced Scorecard (BSC). While the BSC is highly recommended to both private and public organizations, it must be acknowledged that public organizations have a completely different structure and nature in some respects. Furthermore, developed countries’ organizations could not have the same traits as developing countries’ organizations do.
This is an empirical case study which aims to investigate and analyze the experience of the BSC implementation in Savings Deposit Insurance Fund (SDIF) -a kind of Financial Regulatory Organization (FRO)- from Turkey within focal points of applicability, success criteria, challenges, and benefits. In order to achieve this objective, qualitative research method was applied by analyzing organization’s data and conducting interviews. This research concludes that the BSC concept has some unclear points both theoretically and practically. Also, it is not an easy and straightforward system to implement. On the other hand, it can be assessed as a beneficial tool for public organizations, particularly in developing countries, to get the habit of setting objectives, making plans to reach those objectives, measuring performance against those plans and reviewing.

The Lebanon crisis from international political economy perspective
Harun Abubakar Siddique
Pages: 15-22
Published Online: 20 March 2022
Abstract
For the past four decades now, Lebanon has experienced several upheavals in its political and economic dispensation which has had significant adverse effects on the lives of people. Currently, the World Bank mentions that it is facing a much worst situation since the end of its Civil war. The issue of the Lebanon crisis has caught the eyes of international political actors because of its dire consequences and momentum. This crisis is a consequence of the years of mismanagement of the state's economy, political differences, sectarian challenges etc. The life of the people living in Lebanon is a testament to the impact of this crisis. Due to its historic precedence, Lebanon has been entangled with diverse state actors as well as non-state actors such as Iran, Saudi Arabia, Hezbollah. The paper, through an international political economy—IPE being the interaction between politics and economy in the international space—looks at how the crisis is affecting and being affected. This kind of inquiry is significant because the crisis is mostly looked at from domestic and internal causes. The paper makes plain the bidirectional relationship between IPE and the crisis, that is, the effect of the crisis on IPE and the effect of IPE on the crisis.

The skills acquired through online education and their utility
Eva Szabo
Pages: 23-29
Published Online: 20 March 2022
Abstract
Since the beginning of the covid-19 pandemic, interest in online courses for vocational training centres has increased. The involvement of employers through e-learning is growing because more and more people understand that for an involved workforce there is a need for continuing education. People who choose to develop their knowledge through an online course are confident in the medium and long term benefits they will have. In a time of controversy and opposition to any initiative, the only thing under our control is our development. The rapid advancement of technology made possible qualitative online learning, and the development of a growing online learning community. Courses such as public procurement expert, project manager, internal auditor, expert accessing European Structural and Cohesion Funds in 2020 and 2021 were among the top choices. A centre such as Extreme Training, Euro Best Team and Alma Vision has been able to take advantage of this favourable period to attract many students by successfully aligning their educational offer with the needs of students. In the opinion of the students, the skills acquired must be useful in the medium and long term.

Energy consumption and emissions in the CUIRJG countries and role of PAT in India
Hena Oak
Pages: 31-41
Published Online: 20 March 2022
Abstract
Global warming and a rise in carbon dioxide emissions has caused countries to revisit their dependence on fossil fuels. In the last two decades, carbon dioxide emissions have been rising, most of which comes from the consumption of fossil fuels. In order to ensure that countries take steps to reverse the alarming trend, the Paris Agreement came into effect in 2016. Out of all the countries that ratified the Agreement, the share of China, USA, India, Russian Federation, Japan and Germany or the CUIRJG countries has been the highest in total fossil fuel consumption and emissions. The paper evaluates the trends energy consumption, energy intensity, carbon dioxide emissions and rate of growth of carbon dioxide emissions in these six countries. Empirical results show that growth of carbon dioxide emissions has been declining, and a rise in energy intensity has led to a fall in growth of carbon dioxide emissions at an increasing rate. Specifically for the Indian case, the focus is on the Perform-Achieve-Trade policy whose objective is to promote energy efficiency in high energy consuming industries and sectors through market based industries.
There are several management methods and tools transferred from private sector to public sector in order to attain efficiency and effectiveness with the movement of New Public Management. One of those methods is the Balanced Scorecard (BSC). While the BSC is highly recommended to both private and public organizations, it must be acknowledged that public organizations have a completely different structure and nature in some respects. Furthermore, developed countries’ organizations could not have the same traits as developing countries’ organizations do.
This is an empirical case study which aims to investigate and analyze the experience of the BSC implementation in Savings Deposit Insurance Fund (SDIF) -a kind of Financial Regulatory Organization (FRO)- from Turkey within focal points of applicability, success criteria, challenges, and benefits. In order to achieve this objective, qualitative research method was applied by analyzing organization’s data and conducting interviews. This research concludes that the BSC concept has some unclear points both theoretically and practically. Also, it is not an easy and straightforward system to implement. On the other hand, it can be assessed as a beneficial tool for public organizations, particularly in developing countries, to get the habit of setting objectives, making plans to reach those objectives, measuring performance against those plans and reviewing.

Published Online: 20 March 2022
For the past four decades now, Lebanon has experienced several upheavals in its political and economic dispensation which has had significant adverse effects on the lives of people. Currently, the World Bank mentions that it is facing a much worst situation since the end of its Civil war. The issue of the Lebanon crisis has caught the eyes of international political actors because of its dire consequences and momentum. This crisis is a consequence of the years of mismanagement of the state's economy, political differences, sectarian challenges etc. The life of the people living in Lebanon is a testament to the impact of this crisis. Due to its historic precedence, Lebanon has been entangled with diverse state actors as well as non-state actors such as Iran, Saudi Arabia, Hezbollah. The paper, through an international political economy—IPE being the interaction between politics and economy in the international space—looks at how the crisis is affecting and being affected. This kind of inquiry is significant because the crisis is mostly looked at from domestic and internal causes. The paper makes plain the bidirectional relationship between IPE and the crisis, that is, the effect of the crisis on IPE and the effect of IPE on the crisis.

Published Online: 20 March 2022
Since the beginning of the covid-19 pandemic, interest in online courses for vocational training centres has increased. The involvement of employers through e-learning is growing because more and more people understand that for an involved workforce there is a need for continuing education. People who choose to develop their knowledge through an online course are confident in the medium and long term benefits they will have. In a time of controversy and opposition to any initiative, the only thing under our control is our development. The rapid advancement of technology made possible qualitative online learning, and the development of a growing online learning community. Courses such as public procurement expert, project manager, internal auditor, expert accessing European Structural and Cohesion Funds in 2020 and 2021 were among the top choices. A centre such as Extreme Training, Euro Best Team and Alma Vision has been able to take advantage of this favourable period to attract many students by successfully aligning their educational offer with the needs of students. In the opinion of the students, the skills acquired must be useful in the medium and long term.

Published Online: 20 March 2022
Global warming and a rise in carbon dioxide emissions has caused countries to revisit their dependence on fossil fuels. In the last two decades, carbon dioxide emissions have been rising, most of which comes from the consumption of fossil fuels. In order to ensure that countries take steps to reverse the alarming trend, the Paris Agreement came into effect in 2016. Out of all the countries that ratified the Agreement, the share of China, USA, India, Russian Federation, Japan and Germany or the CUIRJG countries has been the highest in total fossil fuel consumption and emissions. The paper evaluates the trends energy consumption, energy intensity, carbon dioxide emissions and rate of growth of carbon dioxide emissions in these six countries. Empirical results show that growth of carbon dioxide emissions has been declining, and a rise in energy intensity has led to a fall in growth of carbon dioxide emissions at an increasing rate. Specifically for the Indian case, the focus is on the Perform-Achieve-Trade policy whose objective is to promote energy efficiency in high energy consuming industries and sectors through market based industries.