Since the beginning of 2020, it has become clear that this year and possible in 2021 and 2022 a significant economic downturn is expected. According to various forecasts, the world GDP is going to fall significantly, and further growth of unemployment is expected.
Some industries faced greater slowdown than others – airlines, tourism, leisure industry in general; mining, car manufacturing, etc. Consequences of the pandemic overlapped with the general crisis of the socio-economic system expressed in the weakness of political sub-system, problems in the in the financial sub-system – bubble in stock markets, increasing governmental debts of many countries; and in societal tensions.
As a result of the economic crisis, major structural changes are expected that will open new opportunities for a range of industries concerned with platform economy and digitalization such as online trade. In the current conditions, the need for foreseeing new challenges and opportunities becomes increasingly important.
In this light, RISEBA University of Applied Sciences is announcing a call for submissions to the international scientific conference that seeks to gather and discuss the latest research findings and new insights in order to find actionable solutions to the current socio-economic situation. The conference will trigger a constructive debate among academia, business and government about ways of tackling the crisis. The conference takes place from 1 until 3 June 2021 in Riga (Latvia).
The ASBBMC provides an excellent opportunity for the academic and business communities to share cutting-edge research in all areas of management, business, finance, entrepreneurship, innovations, technology, multimedia, architecture and related fields.
Riga is the capital of Latvia, the largest city in the Baltic States, and home to more than one third of Latvia’s population. The city is an important seaport and a major industrial, commercial, cultural and financial centre of the Baltic region. Foreign commercial trade through Riga has been on the increase in recent years and received new impetus on May 1, 2004, when Latvia became a member of the European Union. Riga was founded in 1201 and is a former Hanseatic League member. The city lies on the Gulf of Riga, at the mouth of the river Daugava. Riga’s historical centre is a UNESCO World Heritage Site noted for its Art Nouveau architecture and 19th-century wooden architecture.
Latvia, a stunning pearl of the Baltic States, is located in northeast Europe on the shores of the Baltic Sea. Since the distant past Latvia has been at the crossroads of East and West, North and South. Latvia today is a multicultural society where the traditions of all these regions have merged, creating a unique environment that could hardly be found anywhere else in the world.
WE LOOK FORWARD TO SEEING YOU IN RIGA