The new developments across the Taiwan Strait have illuminated the dilemma of the "One China" policy, which could mislead to inconsistent or even contradictory policies, and result in devastating military confrontation between China and the U.S. and possible Japan.

This 30th volume of the International Symposia in Economic Theory and Econometrics explores the latest social and financial developments across Asian markets. Chapters cover a range of topics such as the impact of COVID-19 related events in Southeast Asia along the determinants of capital structure before and during the pandemic; the influence of new distribution concepts on macro and micro economic levels; as well as the effects of long-term cross-currency basis swaps on government bonds. These peer-reviewed papers touch on a variety of timely, interdisciplinary subjects such as real earnings impact and the effects of public policy. Together, Quantitative Analysis of Social and Financial Market Development is a crucial resource of current, cutting-edge research for any scholar of international finance and economics.

"Sudden negative events are part of life, but some are more disastrous than others. This book analyzes the consequences of sudden negative shocks in the short and long term well being of people and how the policies implemented before, during and in the immediate aftermath of the event could help prevent these long lasting effects"--Provided by publisher.

The book analyzes the relationship between globalization and sustainable development. It presents analysis of the relationship between social and environmental conditions of sustainability. It explores the interaction between history of facts (globalization since the industrial revolution) and history of ideas (liberalism since Adam Smith). It focuses on generally neglected aspects such as health and social corporate responsibility.This book examines how consistent the post-war process of globalization has been with the basic requisites of sustainable development. It argues that the polarization of public opinion into support of either globalization or sustainable development has not helped an understanding of the issues, and that the confrontation should be abandoned.

Kristian Coates Ulrichsen documents the startling rise of the Arab Gulf States as regional powers with international reach and provides a definitive account of how they have become embedded in the global system of power, politics, and policy-making.

Ray presents a comprehensive review of U.S. trade policy since World War II, with particular emphasis on how that policy has affected developing countries. Special attention is given to trade policy shifts in the last twenty years in an attempt to determine whether or not U.S. trade concessions to developing countries contribute positively to their efforts to meet their considerable debt obligations. The author combines theoretical discussion with empirical data drawn from the seven leading debtor nations--Argentina, Brazil, Indonesia, Korea, Mexico, the Philippines, and Venezuela--in a provocative examination of the economic and sociopolitical causes and implications of changes in protectionism and the pattern of tariff and nontariff trade barriers in the last few decades.

Following an introductory analysis of the history of protectionism in the United States, Ray explores the role of the General Agreement on Tariffs and Trade (GATT) after World War II in eliminating protection and the impact on developing countries of the changes in tariffs and in the use of nontariff trade barriers under the auspices of GATT. Subsequent chapters deal with such issues as the reasons for the adoption of the Generalized System of Preferences (GSP) adopted in 1975, the relationship between U.S. trade policies since 1975 and the world debt crisis, the reasons behind the adoption of the Caribbean Basin Initiative in 1983, and the 1985 revision of the GSP. A separate empirical chapter assesses the effects of the new GSP legislation on exports to the United States from developing countries in general and from the severely indebted seven in particular. The final chapter is organized around three major themes: the future course of U.S. trade policy, the likely impact of the U.S.-Canada Free Trade Agreement on the United States and Canada, and the Uruguay Round negotiations and the implications of the Omnibus Trade and Competitiveness Act of 1988 on trade between the United States and the debtor nations. Students of international business, international politics, and economic development will find Ray's analysis of the relationship between trade protectionism and world debt an important contribution to current debates on the causes, effects, and solutions to the Third World debt crisis.

International acquisitions are failing at a rate of three out of four and international location decisions two times out of three. Where does corporate management locate a new facility or find one to acquire that will best satisfy the business objectives of survival and growth? A variety of decision making methodologies have emerged from the literature, but which are most workable? Schniederjans surveys these and other methods, analyzes and explains them carefully, and provides a new approach to help optimize the location selection decision. Included are cutting-edge applications and quantitative examples that can be easily grasped and quickly applied. With detailed appendices covering sources of international information available in print and electronically, the book will be essential for upper management and others who are engaged in planning the corporation's expansion and growth.

Schniederjans organizes his book into two parts. He defines his terminology and establishes a foundation to understand the use of acquisition and location methodologies in the first part, and covers the use of one or more methodologies in facility acquisition and location analysis internationally, supported by current research findings, in the second part. Included in his four appendices of source material is one that lists currently available computer software that supports the methodologies covered in the book. The book will also help save consulting fees and help redirect the study of its topic to make the facilities acquisition and location task yield more reliable results in coming years.

This book brings fresh perspectives into the debate on aid effectiveness and aid relationships. Asia provides a varied picture with its combination of rapidly developing countries where aid plays a less central role such as China, Vietnam, and Thailand as well as more aid dependent countries such as Nepal, Sri Lanka and Mongolia.

The global centre of gravity continues to shift to the Asia-Pacific, the most dynamic region in the world. These economies have generally grown faster for longer periods of time than any other major region in world history. Their embrace of globalization has been a central feature, and driver, of their dynamism. The management of Asia-Pacific economic integration and globalization is crucial not only for the countries themselves but also for the state of the global economy, including importantly latecomer developing economies who look to the region for analytical and development policy lessons. Twenty-seven leading international authorities in the field, drawn from nine countries, provide a comprehensive examination of the causes, consequences and challenges of globalization, in a volume that celebrates the distinguished career of Professor Prema-Chandra Athukorala. Among the major issues examined are the region's distinctive approach to trade liberalization, the effects of economic growth on poverty reduction and the labour market, the special challenges of by-passed regions, the role of ideas in influencing policy making, the modalities of connecting to global production networks, and the importance of remittances in economic development. Several country case studies provide in-depth analyses of development processes and outcomes. These include episodes in economic development, the challenges faced by transition economies, the macroeconomics of adjusting to slower growth and rising debt in advanced economies, and the so-called middle-income trap phenomenon.

Advances in Pacific Basin Business, Economics, and Finance is an annual publication designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries. All articles published are reviewed and recommended by at least two members of editorial board. Topics of interest include, but are not limited to, the following:1. Policy and management on financial markets and financial institutions 2. Options, futures and other derivatives markets 3. Corporate finance and investment decisions 4. Insurance and risk management 5. Accounting, auditing and taxation 6. Marketing, management, and business policies of the Pacific Rim countries 7. Interdisciplinary issues on supply chain, finance, and marketing 8. Monetary and foreign exchange policy 9. Income, employment and other economic policies among the Pacific Rim countries

Providing a coherent and current account of how the U.S. manages to 'pivot to Asia' amid a rising China, this book provides an insightful glimpse into China-US relations, and the complexities of the two nations' economic and defense issues as China asserts is financial and military might in Asia and beyond.

The history of Italian colonial affairs has recently attracted renewed interest from historians and economists. It is a complex and involved question. Over the last few years, though perhaps slightly later than the more mature historiography of other European countries, the work of some important scholars has opened up new fields of investigation and research. Recent studies have tried to analyse in greater depth the working mechanisms of the colonial system, broadening the field of investigation also to the perspective of African countries and the political-economic equilibriums of the second half of the 20th century. This study fits into this area of research and analyses crucial aspects of the decolonisation of Somalia, the history of the presence of Italian banking in Somaliland; relations between Italian and Somali institutions; Italian political-monetary policies during the reconstruction and the first economic boom.

Over the last three decades, Europe's generous social benefits have encouraged a massive surge of 'welfare migration,' especially of low skilled laborers. At the same time, the US has attracted many highly skilled migrants, which in turn promotes internal innovation. Restrictions on the international mobility of labor are arguably the largest policy obstructions for the international economy today. A variety of studies suggest that even a small reduction in barriers to migration will result in the growth of significant global welfare benefits. Migration States and Welfare States focuses on a central tension faced by policy makers in countries that receive migrants from lower wage countries. Such countries are typically highly productive and rich in capital. These attributes, coupled with the host country's welfare system, attract low-skilled migrants, who find a generous welfare state particularly attractive, while deterring skilled migrants, who recognize that welfare states likely have higher redistributive taxes.

Van der Westhuizen examines the remarkable similarity between the South African and Malaysian political economies, analyzes how Malay, Afrikaner, and African Nationalists have sought to make domestic demands for state intervention compatible with international pressures for economic liberalization, and shows what happens when they fail.

Globalization poses daunting challenges to state elites in the developing world. Caught between domestic expectations for state intervention to reduce inequalities on the one hand and global neo-liberal pressures for a liberalized economy on the other, the developing world bears the brunt of globalization's socially disruptive effects. For state elites in deeply divided societies like Malaysia and South Africa, the heightened potential for ethnic polarization makes the challenge twice as large. In both, state elites have sought to mitigate such polarization by embarking upon a program of ethnic redistribution with growth, that is, advancing subjugated ethnic majorities into the middle class through state intervention without fundamentally alienating the privileged ethnic minority upon whose economic dominance the process of social advance depends.

However, what happens if globalization prevents state elites from employing ethnic redistribution with growth? How do these state elites attempt to retain their legitimacy and what happens if they do not succeed? Van der Westhuizen examines these issues by showing how state elites in Malaysia and apartheid South Africa successfully pursued ethnic redistribuiton with growth during the heydays of Keynesianism and Fordism and the complexity of such a strategy in the post-Cold War, post-Fordist world of the competition state. He examines the ways in which Malaysia and South Africa have adapted to globalization by becoming competition states and the implication this process has for democratic consolidation. He provides a provocative analysis of particular interest to scholars, students, and researchers involved with development studies, international political economy, and comparative politics.

The Financing of Foreign Direct Investment examines the communication gap between business leaders and international economists when it comes to financing the overseas operations of domestic firms. Gilman argues that economists and business people have been speaking 'two different languages' when it comes to these issues, and he explores the different positions adopted by economists and business people to provide a plausible explanation of the determinants of capital flows financing foreign direct investment that incorporates the main elements of both approaches.

'Submerging Markets' examines the analytical history of capital flows among the developed nations and the emerging markets from the 1990s to the current day. In terms of emerging markets, the arguments focus primarily on Brazil, Russia, India, China and South Africa. Within that spectrum, it uses any number of analytical tools to measure capital flows and capital formation within the context of globalized markets.

This book analyzes the current Islamic marketing environment. Since the Muslim world is extremely diverse in terms of economic development, customs and traditions and political and legal systems, it is vital for companies and marketers to analyze the environment before attempting to address these markets. The author emphasizes that it is ineffectual to elaborate the distribution and promotion strategies if the market does not exist in terms of purchasing power or demographics, if potential consumers do not believe that products and services answer their needs and demands or if there are political and legal barriers to companies wanting to enter these markets. The book offers detailed insights into the economic, socio-cultural, and politico-legal environment in the Muslim world, which are essential for marketers to understand and form the foundations of effective marketing strategies.

The world is changing rapidly. The global economic crisis has called into question the political decisions that have been made by all countries for decades and has led to a re-formulation of tools and aims. Adjustments to the new situation are necessary and entail considerable economic and social costs. The Balkan and Black Sea area is an important reference point for the European and global economy. Accordingly, the study of the economic development in the area is of great interest, engaging politicians and scientists alike. Under this framework, the matter of the relation between the area's countries and the E.U., the role of the banking system and the importance of the primary sector of the economy as an important developmental factor for the countries' economies are of great importance. "

Supranationalism in the New World Order argues that in the post-Cold War distribution of global power and configuration of global players, the European Union is just one among a growing number of regional regimes that are acquiring prominent roles in the process of global governance, to some extent through the operation of differentiated zones of geo-political management. The EU is currently the most advanced and influential example of a regional regime by virtue of having the novel European Community at its core - the EC being uniquely constructed around supranational institutions, decision-making and laws. But the EC's uniqueness is unlikely to last. The evident competitive advantages of supranational regional regimes, in conjunction with the realism generally adopted by the various global players, is conducive to the consolidation and proliferation of SRRs in a manner consistent with the neo-functionalist perspective on the progress of the EU. Other prospective SRRs include the Association of South-East Asian Nations, the East Asian Economic Caucus, the South Asian Society for Regional Cooperation, the North American Free Trade Area, and the Andean Community. It is argued that the emerging character of the global system will increasingly depend on SRRs, the relationships among such organisations, and accordingly the doctrine of supranationalism. The book offers a distinctive way of representing and interpreting the global system, global processes and global developments with the help of a set of freshly articulated concepts. The result is a novel, but highly contentious, treatise.

The post-Cold War period has seen the emergence of the Black Sea as a region of key strategic importance. As a conduit point for energy pipelines, the sea and its surrounding states are inextricably linked with the exploitation of energy resources in the Caspian Sea and beyond. The heightened risk of ethnic conflict, territorial disputes and instability has been matched by opportunities for regional co-operation on pressing economic and ecological matters. In 1992 the Black Sea Economic Co-operation Project (BSCP) was instigated by Turkey to further interregional agreements on issues such as environmental pollution, and the exploitation and transportation of oil and energy resources in the region. The BSCP consists of the member states of Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Turkey, and Ukraine. Simultaneously with this development, international companies have begun to move into the area, seeking access to the Caucasus, the Caspian Sea and the Central Asian republics. What are the prospects for the Black Sea? This text assesses the dynamics of interregional relations, and attempts to weigh up the risks and opportunities of the post-Cold War era.

The United States has long dominated economic as well as political affairs in the Caribbean. Recently, however, the relations between the US and the Caribbean nations have been changing. In the early 1980s, the United States unilaterally announced the Caribbean Basin Initiative, which was a set of tariff concessions to the region designed to improve the overall economic situation. More recently, the Association of Caribbean States was created to bring together the islands and countries on the Caribbean rim in an attempt to reposition the region in light of the development of powerful trading blocs in the western hemisphere and Europe. This volume brings together essays that explore the historical, political, and economic dimensions of US-Caribbean relations. As such, it will be of considerable use to scholars and researchers of the Caribbean, economic development, and international relations.

This volume brings together essays that explore the historical, political, and economic dimensions of US-Caribbean relations. As such, it will be of considerable use to scholars and researchers of the Caribbean, economic development, and international relations.

An unprecedented description of the critical energy situation throughout Asia, this book examines the energy resources, naval forces, and national strategies of the nations of that vast landmass, set against the priorities and resources of the United States. Energy security in Asia is crucial to the continued economic growth and hence the national security of the region's nations. Providing such security requires a combination of naval, political, and economic policies. Despite dramatic news coverage to the contrary, Cole's research reveals that the nations of the region-of which the United States must be counted-are in fact acting more together than apart in striving to ensure the security of scarce energy resources they all require. No issue in today's international environment is more important than energy security. Even the North Korean nuclear development program must be taken as a subset of this subject. As the United States, the United Kingdom, and other nations have done in past decades, the People's Republic of China is striving to establish proprietorship of energy resources throughout their lifecycle, from recovery from the ground to sale in the market place. This important book demonstrates the vacuity of that paradigm, illustrating the multilateral nature of energy security.

Competition between companies tends to be beneficial for the general public, but is this also true for competition between States in a world with global financial markets, low transport costs, and increasing migration? In this book, Sinn provides a solid economic analysis of the competitive forces at work and addresses how we should organize competition between systems so they will enhance the efficiency of these systems, as opposed to acting destructively on them.Provides a thorough economic analysis of the competitive forces at work between nations and governments.Analyzes a wide range of state activities, including taxation, public goods provision, income redistribution, environmental policy, safety standards, and competition policy.Addresses ways to organize competition so it will enhance the efficiency of these systems.

This volume addresses different issues related to green innovation procurement as well as exploring the challenges involved in public procurement. It offers a broad array of perspectives, addressing both general, abstract problems of optimal public procurement and concrete cases of national or even local public procurement systems.