st International Conference on Challenges & Opportunities...

1st International Conference on Challenges &Opportunities in Economics, Management andMultidisciplinary Social Sciences Perspective

Dubai, UAEMarch 16-17, 2018ISBN:978-969-670-887-2

CONFERENCE PROCEEDINGSBOOK OF PROGRAM & ABSTRACTS

First International Conference on Challenges & Opportunities inEconomics, Management and Multidisciplinary Social Sciences Perspective

March 16-17, 2018Best Western Premier, Deira Hotel

OMMSP-2018

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TABLE OF CONTENTSDisclaimer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4Preface . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5HOST COMMITTEE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6Chair’s Welcome . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7Program at a Glance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8THEME: BUSINESS MANAGEMENT & SOCIAL SCIENCES . . . . . . . . . . . 11

Review the Causes of Mental Disorders, Testing Theory of Michel Foucault(Cross-Country Fuzzy Study) . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

New Solutions in the Education of Managers . . . . . . . . . . . . . . . . . . . 13Challenges of Trade Services by Banks: Bangladesh Perspective . . . . . . . . . 14International Conference on Advance Research Methods Techniques in Eco-

nomics, Business and Social Science (RTEBS) . . . . . . . . . . . . . . . . . . 15Income Redistribution from a Proposed UAE-South Korea Free Trade Agreement 16Measuring the Impact of Non-Farm Activities on Rural Household Welfare . . . 17Practices and Challenges in Managing Curriculum Implementation by Female

School Heads in South Africa and Zimbabwe . . . . . . . . . . . . . . . . . . 18DETAILS ABOUT OUR FUTURE EVENTS . . . . . . . . . . . . . . . . . . . . . . 19

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Disclaimer

These abstracts are provided to all the honourable participants who have submit-ted their papers and are registered in our conference. Committee has made all thepossible efforts to ensure precise/accurate replication of abstracts however if anyinaccuracies found in the studies, event organisers will not be liable. Thank You.

Copyright c⃝ 2018 Vertex Research Society.

All rights are reserved. Permission is granted for personal and educational use only.Commercial copying, hiring and lending is prohibited. The whole or part of thispublication material cannot be reproduced, reprinted, translated, stored or trans-mitted, in any form or means, without the written permission of the publisher. Thepublisher and authors have taken care that the information and recommendationscontained herein are accurate and compatible with the generally accepted standardsat the time of publication. The individual essays remain the intellectual propertiesof the contributors.

Head Office Address:

Address: Flat 405. Al Razouki Exch. Building Mowaihat 2, Ajman, UAEEmail: [email protected]

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Preface

Vertex Research Society is a forum for dedicated to development of society throughresearch. A major goal and feature of the conference is to bring scholars, profes-sionals, and government agencies together to exchange and share their experiencesand research results about the challenges and proposal on the development of soci-ety. More importantly this conference will serve as a platform to disseminate researchfindings and a catalyst to promote innovation. VRS would be proved as a key factor inthe transformation of the e-learning field. Through our well established conferences,opportunities of quality learning, and strategies for individual and institutional suc-cess we have proven to be a part of this rapid growth.

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HOST COMMITTEE

Dr. Balachandar S. Sayapathi (PHD)Conference ChairEmail: [email protected]

Mr. Muhammad Zahid Khan Muham-mad YounisConference ExecutiveEmail: [email protected]

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Chair’s Welcome

We are delighted to welcome you to the International Conference on ”Challenges & Opportunities inEconomics, Management and Multidisciplinary Social Sciences Perspective”, taking place in ”Dubai,UAE”, from ”16-17 March”.Education, in our contemporary world, is a right since we are born. Every experience has a for-mative effect on the constitution of the human being, in the way one thinks, feels and acts. Oneof the most important contributions resides in what and how we learn through the improvement ofeducational processes, both in formal and informal settings. Our International Conference seeksto provide some answers and explore the processes, actions, challenges and outcomes of learning,teaching and human development. Our goal is to offer a worldwide connection between teachers,students, researchers and lecturers, from a wide range of academic fields, interested in exploringand giving their contribution in the field of research. We take pride in having been able to connectand bring together academics, scholars, practitioners and others interested in a field that is fertilein new perspectives, ideas and knowledge. We counted on an extensive variety of contributors andpresenters, which can supplement our view of the human essence and behavior, showing the impactof their different personal, academic and cultural experiences. This is, certainly, one of the reasonswe have many nationalities and cultures represented, inspiring multi-disciplinary collaborative links,fomenting intellectual encounter and development.

We would like to express thanks to all the authors and participants, the members of the academicscientific committee, our media partners and, of course, to our organizing and administration teamfor making and putting this conference together.Hoping to continue the collaboration in the future.

Dr. Balachandar S. Sayapathi (PhD)Conference Chair Person

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Program at a Glance

DAY 1st Friday (March 16, 2018)

Welcome Reception & Registration

09:00 - 09:10 am

09:10 am - 09:20 am Opening Ceremony

09:20 am - 09: 40 am

Introduction of Participants

Dr. Balachandar S. Sayapathi

Welcome Remarks

09:40 am - 09:50 am Group Photo Session

Grand Networking & Tea Break (09:50 10:00 am)

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DAY 01 Friday (March 16, 2018) - Track 001: Business Management & Social Sciences

Session 1 (10:00 am - 11:30 am)

Venue: Best Western Premier, Deira Hotel

BASP-MARCH-103 Financial Development and Economic Growth: Is it a Uni-versal or a Case Specific Relationship?

Fernando Zanella

OMMSP-104 Review the Causes of Mental Disorders, Testing Theory ofMichel Foucault (Cross-Country Fuzzy Study)

Maryam Safara

OMMSP-106 New Solutions in the Education of Managers Prof. Dr. FraneMitrovic

OMMSP-110 Challenges of Trade Services by Banks: Bangladesh Per-spective

Shah Md AhsanHabib

OMMSP-119 Practices and Challenges in Managing Curriculum Imple-mentation by Female School Heads in South Africa andZimbabwe

Alfred H. Makura

OMMSP-116 Income Redistribution from a Proposed UAE-South KoreaFree Trade Agreement

Hugo Toledo

OMMSP-121 Measuring the Impact of Non-Farm Activities on RuralHousehold Welfare

Kien T. Le

Lunch Break (11:30am - 12:00pm)

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DAY 02 Saturday (March 17, 2018)

Whether visiting from overseas or interstate, delegates and guests are free todiscover Dubai, UAE and its surrounds by their own (Optional).

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International conference on Challenges & Opportunities in Economics, Management andMultidisciplinary Social Sciences Perspective

THEME: BUSINESS MANAGEMENT & SOCIAL SCIENCES

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Review the Causes of Mental Disorders, Testing Theory of Michel Foucault(Cross-Country Fuzzy Study)

Assist. Prof. Maryam Safara1*, Samaneh Sadat Sadidpour2

Background: According to Michel Foucault, insane acts in the civilized world happens because ofhaving no problem. The purpose of this study is to investigate the cause of suicide worldwide andfirst Foucault’s theory will be tested using a fuzzy method. Methods: In this study, quantitative ap-proach - quality was considered and a comparative analysis has been done on the attributes macrocommunities. Fuzzy technique was applied in this study, a general approach to study fundamen-tal - the application of secondary data analysis technique has been used. The population included186 countries, 64 countries declined due to defects credible statistics. Results and conclusions: anychange is always accompanied by stress, but the point here should not be assumed that these thingsonly happen to people on the lower floors. Also, the phase of Foucault’s hypothesis that the threecomponents of freedom of belief and culture, freedom minimal impact that has had the most influenceon suicide attempts. Therefore the reduction in quality of life indicators of mental illness and suiciderates are necessary.

Keywords: Mental disorders, Theory, Cross-Country Study

1Women Research Center, Psychology Department, Alzahra University, Iran, 2Sociology Department,Alzahra University, IranEmail: [email protected], safara [email protected]

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New Solutions in the Education of Managers

Prof. Frane Mitrovi1*, Prof. Ratko Boi2, Sandro Boi3

Due to constant technological changes in the world of business, corporative training, which assumespermanent improvement and learning, is becoming one of the main prerequisites for job security andfor obtaining qualifications for new employment. Many companies substitute the concept of perma-nent employment for investments in lifelong learning of their employees. Permanent knowledge andskill training are becoming the essence of employment. In the training system, the most important iseducation of top-employees, i.e. education of top-managers because of the level of their responsibility.

Keywords: Distance Education, Courseware Tools, Electronic Education.

1Faculty of Maritime Studies Split , University of Split, Croatia, 2, 3Split Ship Management, CroatiaEmail: [email protected]

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Challenges of Trade Services by Banks: Bangladesh Perspective

Shah Md Ahsan Habib*

The paper attempts to examine the challenges of trade services by banks with special reference toBangladesh. Trade facilitation by banks in Bangladesh is particularly crucial when involvement ofbanks is significant in the countrys trade facilitation. The paper concludes that trade based moneylaundering and compliance risks are required to be addressed for effective trade services in the coun-try.

Keywords: Documentary Credit, Open Account, Trade Based Money Laundering.

*Bangladesh Institute of Bank Management, BangladeshEmail: [email protected]

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International Conference on Advance Research Methods Techniques inEconomics, Business and Social Science (RTEBS)

Prof. Fernando Zanella*

The literature visibly recognizes a relationship between financial development and economic growth,but the nature and importance of this connection is far from clear. The research objective is to testthe relationship by splitting the countries in sub-groups that holds a particular common specificitysuch as Income level, legal system roots, competitiveness level, and new business entry rate. Theempirical test employed, granger causality test, indicates that financial development tends to causeeconomic growth for countries with higher levels of income and competitiveness. Reverse causality,i.e., from economic growth to financial development, bi-causality or no causality had shown mixedresults when countries were split by legal system and new business entry rate.

Keywords: Financial Development; Entry Rate; Legal Systems.

Dept. of Economics and Finance, CBE United Arab Emirates UniversityEmail: [email protected]

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Income Redistribution from a Proposed UAE-South Korea Free TradeAgreement

Hugo Toledo*

Background and Problem Statement The growing commercial relationship between the UAE andSouth Korea is evident. Non-oil trade between the UAE and South Korea has grown significantlyover the last decade reaching USD 22 billion in 2011, up by almost 16% relative to USD 19 billionin 2010. UAE exports to South Korea toped USD 14.8 billion in 2011 representing a 21.3 percentincreased relative to the previous year. The problem, however, is that while free trade benefits societybroadly, losses are concentrated. The link between international trade, output prices and incomeredistribution has been based on the well-known Hecksher-Ohlin (H-O) model of trade. The relation-ship between trade and wages is embodied in the Stolper-Samuelson (1941) Theorem and its gener-alizations that trade-induced output price changes have a magnification effect of factor prices andwages. Abundant factors gain while scarce factors lose from more free trade. Research Objectives andMethodology,The objective of this paper is to estimate the potential impact of a proposed UAE-SouthKorea FTA on income redistribution across labor groups in the UAE using the Specific Factors modelof production and trade. The factor payment matrix from which factor shares and industry sharesare derived is built using 2012-2014 data. Preliminary Results and Conclusion Preliminary findingssuggest that an FTA between the UAE and South Korea could have a significant negative impact onwages in the UAE labor market as a result of limited labor mobility. An inflexible labor immigrationsystem known as the khafala limits labor mobility and commits foreign workers to work only for theirresidence visa sponsor (usually a business). To change jobs, the current visa sponsor must agree to arequest from the worker to release him/her from the sponsorship, a request which if it is not denied,it is often a lengthy process. In addition, a new employer must agree on becoming the new residentvisa sponsor. In extreme cases, workers must leave the UAE for a minimum of 6 months before theyare allowed to return. This kind of policy imposes high transaction costs on foreign workers and as aresult limits their mobility in the UAE labor market. This preliminary finding has important implica-tions for domestic labor policy given than 90% of workers in the private sector are non- UAE nationals.

Keywords: UAE, South Korea, Free Trade, Income Redistribution

*American University of Sharjah, UAEEmail:[email protected]

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Measuring the Impact of Non-Farm Activities on Rural Household Welfare

Kien T. Le*

The rural non-farm sector has grown rapidly and became an important source of income for ruralhouseholds in developing countries. Various studies have attempted to measure the impact of thissector on household welfare (e.g., household income, poverty and inequality). Unlike previous studieswhich estimate the household income function to measure the impact, we start by estimating theprojection function for farm income and then use this function in a simulation to measure the im-pact. When applied to a sample of Vietnamese farmers, we find that households anywhere along theincome distribution benefit from non-farm activities but lower income households benefit more thanupper income households, suggesting a pro-poor and pro-equality feature of non-farm activities inVietnam.

Keywords: Agricultural Households, Non-farm Income, Farmers, Rural Vietnam

*SESRI, Qatar University, QatarEmail:[email protected]

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Practices and Challenges in Managing Curriculum Implementation by FemaleSchool Heads in South Africa and Zimbabwe

Prof Alfred H. Makur*

This comparative study investigated curriculum management and implementation practices and thechallenges being faced by some female primary school heads in South Africa and Zimbabwe. Thestudy attempted to establish the extent to which subordinate teachers and the female heads them-selves perceived issues and challenges in managing curriculum implementation in school heads questto improve learning. The research adopted a quantitative research design, where descriptive surveywas employed. A randomly selected sample of ten female school heads and forty teachers from bothcountries was used. Two self constructed questionnaires were used to collect data. The research re-sults showed that, though female primary school heads perceive themselves as effective and confidentin managing curriculum implementation, teachers perceive them as weak in managing curriculumimplementation. Good management practices were as perceived as impacting positively on learning.Their major challenges women school leaders face are cross-national and emanate from lack of re-sources, cooperation, support from teachers and the community. Despite these challenges, femaleleaders were found to be resourceful in improving learning and their schools. Very few workshops inservice programmes have not be initiated to enrich female heads on the areas they are perceived to beweak, especially curriculum evaluation. The paper calls for more interactive meetings between andamong teachers, the department of education and female school leaders to improve decision makingand curriculum management and implementation in respective schools.

Keywords: Female School Heads, Curriculum, Challenges, Management, South Africa, Zimbabwe

*Central University of Technology, South AfricaEmail: [email protected]

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DETAILS ABOUT OUR FUTURE EVENTS

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