Importance of integration to China's economy Shanghai,Jiangsu and Zhejiang.the three provinces and cities around Yangtze Delta area,are not only related in geography,but also enjoy similar type of cuhure and econo...Importance of integration to China's economy Shanghai,Jiangsu and Zhejiang.the three provinces and cities around Yangtze Delta area,are not only related in geography,but also enjoy similar type of cuhure and economy.With 2.2% of the national land area,10.4% of national population,the Yangtze Delta has created 22.1% of the national GDP,24.5% of the national fiscal revenues and 28.5% of the total imports and exports in the country, which has already made it become one of the most advanced areas in science,technology and culture in China.展开更多
This paper constructs the index system by means of quantitative analysis. We choose the coordination degree of Yunnan province from 2012 to 2015. The regional cultural and economic development in Yunnan's frontier...This paper constructs the index system by means of quantitative analysis. We choose the coordination degree of Yunnan province from 2012 to 2015. The regional cultural and economic development in Yunnan's frontier are analyzed so that we can provide the reference for the sustainable development of Yunnan's frontier and realize the coordinated development of culture in Yunnan's frontier and economic system in order. The results show that the culture and economy in Yunnan's frontier are coupled with formation of the coordinated development of culture and economy; economic development is the main reason to promote the coordinated development of culture and economy in Yunnan's frontier, and it contributes to the main force of improving the coordinated development of evolution types; the coordinated development degree of the overall level is low and still in the China's backward level.展开更多
Asia has a special significance in China’s neighborhood strategy.Geographically,the Belt and Road Initiative faces the countries of Asia or China’s neighbors in the first place.Asia is clearly marked by an imbalance...Asia has a special significance in China’s neighborhood strategy.Geographically,the Belt and Road Initiative faces the countries of Asia or China’s neighbors in the first place.Asia is clearly marked by an imbalance in and“absence”of regional economic integration.This“absence”is two-fold:it is expressed on the one hand as a lack of unified institutional arrangements for regional economic integration,and on the other as the inability of underdeveloped countries in the region to truly participate in regional economic integration and thereby gain opportunities for development.Compared with the rule-oriented nature of existing regional economic integration mechanisms,the Belt and Road Initiative,as a new type of regional cooperation mechanism,displays an orientation towards development.All existing regional economic integration arrangements,regardless of their form,establish specific rules on access thresholds,the rights and duties of member countries,schedules and roadmaps,dispute resolution mechanisms and so forth.This is not the case for the Belt and Road,which is not predicated on specific rules,but establishes its overall framework by orienting itself towards development.Overall,the development orientation of the Belt and Road is helpful not only in overcoming the inherent defects of Asian regional economic integration,but in responding to the new challenge of anti-globalization.This is an institutional public good that China offers to Asia and to the world.展开更多
Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalizatio...Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.展开更多
After the collapse of the Soviet Union, the post-Soviet area moved fi＇om the periphery of the world economy into a new centre of political and economic influence. Today, the concept of pragmatic （economic） Eurasian...After the collapse of the Soviet Union, the post-Soviet area moved fi＇om the periphery of the world economy into a new centre of political and economic influence. Today, the concept of pragmatic （economic） Eurasianism by N. Nazarbayev plays a paramount role in the development of integration processes in Eurasia. One of the newest initiatives of Eurasian integration is the Eurasian Economic Union （EAEU）, which functions today in a five-side format, comprising Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. However, conflict of interests, differential economic development among member states, and institutional problems often complicate the various processes of integration. On the other hand, with measures like harmonizing of national legislations, improved communication between countries at all levels, unification of trade policies, and enhanced control over domestic market in place, the EAEU countries also represent the newest competitive players in the world arena.展开更多
The European Union （EU） this year has entered into the next phase of its existence, not only in terms of new economic conditions of the unwinding of the financial and economic crisis, but also on the basis of the re...The European Union （EU） this year has entered into the next phase of its existence, not only in terms of new economic conditions of the unwinding of the financial and economic crisis, but also on the basis of the results of European Parliament elections and the adoption of the EU financial fi＇amework for the period from 2014 to 2020. These indisputable facts does not change our view of the situation in which the EU is, or at major tasks whose managing can be considered as condition of its continued existence as an important part of the global economy. As the fundamental problem of the EU, persisting differences in economic level of the member states is considered. The aim of this paper is not to formulate and even to propose how the EU should look like in the future, but to assess criteria of decision making about concept of its future direction. In this context, the verification of argument will be performed, that only the integration of the countries that have common interests and objectives respectively are able to make the same efforts to meet them, is in certain stages of integration possible and functional. Conversely, a broader territorial structured integration of countries with significantly different economic parameters is feasible and functional only at lower stages of integration. This paper starts from that the process of economic convergence among member states as a condition for integration can be realized at the lower stage of the integration process, in terms of economic and monetary union, then only the expense of reducing the dynamics of economic development of integration group as a whole. Some degree of equilibrium of economic levels represents an important condition for the success of the integration project. To meet this goal, current differences in economic level of individual EU member states （comparative analysis using indicators of growth rate and development of GDP/capita） will be analyzed, including the assessment of the cost of the EU for the implementation of cohesion policy, both in terms of the economic crisis and the phase of requirement to the revival of the European economy. In this context, also the effectiveness of institutional arrangements of decision-making procedures will be assessed.展开更多
New Silk Road Economic Belt has an important strategic significance for European and Asian economic integration, which is a concept that formed on the ancient Silk Road and is about of contemporary economic and trade ...New Silk Road Economic Belt has an important strategic significance for European and Asian economic integration, which is a concept that formed on the ancient Silk Road and is about of contemporary economic and trade cooperation. The focus of New Silk Road Economic Belt integration strategy implementation is the energy integration. The key areas in energy development are electricity, oil and gas. This article analyzes the opportunities and challenges for the power equipment manufacturing enterprises, power generation enterprises and electric grid enterprises on the New Silk Road Economic Belt. This article also emphasizes the importance of seizing the development opportunities and strengthening the international power cooperation.展开更多
This paper revises the crucial outcome of adopting a single legal currency,within the environment of a classic based competing central bank infrastructure,in an uncertain monetary category definition class,from a gene...This paper revises the crucial outcome of adopting a single legal currency,within the environment of a classic based competing central bank infrastructure,in an uncertain monetary category definition class,from a generally closed economy,to a competing quasi-global market,for an unbiased monetary unit alone.The fallout effects of such a system include the transfer of capitals,the unavoidable reallocation of resources,and the non-homogenous economic development in different regional areas.The recent USA Interstate Banking Act experience,after the Riegle Community Development and Regulatory Improvement Act of 1994,constitutes a valid example of some necessary frameworks when opening a new financial operating infrastructure.This new paper focuses on the special conditions in the EU community States and the necessity-pending their financial integration-of a consideration of some likely negative fallout effects,in order to implement and consolidate some effective balancing measures.Nevertheless,the role that the globalization of the economic activity plays,especially in the financial community,is endorsing a rapid integration of the technology and operating techniques,that require critical volumes of trading and rapidly adjusting enterprise dimensions and operating techniques.The latter call for some form of institutional frameworks,considering the correct definition of the monetary function and its essence,requires a clear and unique common monetary framework.展开更多
This paper reconsiders the outcome of the adoption of a single legal currency in the 1999 Euro Act. Installing a central bank, several different solutions surfaced among the EU members and in the global economy, since...This paper reconsiders the outcome of the adoption of a single legal currency in the 1999 Euro Act. Installing a central bank, several different solutions surfaced among the EU members and in the global economy, since the 1922 Genoa summit. The last Euro solution came after the severe, unexpected stock market crash on October 19, 1987. Furthermore, the sub-prime bubble 2007, the financial collapse 2008 and the final 2012 the banking melt down, induce to reconsider the overlapping monetary and financial fallouts. The 89 Interstate Banking Act and the Riegle Community Development and Regulatory Improvement Act of 1994, induce a monetary and financial evolving infrastructure. This paper focuses on the conflicts at the enlarging EU community seen the unavoidable monetary and financial integration, considering that the unique definition of the monetary functions as its essence is misinterpreted, in a clear common asymmetry affecting the whole evolving situation.展开更多
Without intending to do so, China has in recent years played a major role in East Asia＇s economic integration. It has done so mainly through the production and supply chain networks it has spun across the region. Thi...Without intending to do so, China has in recent years played a major role in East Asia＇s economic integration. It has done so mainly through the production and supply chain networks it has spun across the region. This paper argues that given the developmental trends in the Chinese economy, the Chinese government should pursue a more active strategy towards a broader and more balanced economic integration with the region. The emergence of a multi-track production structure, increased importance of domestic consumption and the services sector, together with faster integration of the domestic economy, will fundamentally change China＇s trade and investment relationships with the rest of East Asia and necessitate a review of China＇s economic integration strategy. The paper also argues that ASEAN can play a useful role in facilitating the region-wide integration process.展开更多
The term “globalization” designates the rapidly advancing international economic integration through substantial growth in trade of goods and services as well as surging cross-border factor mobility from the early 1...The term “globalization” designates the rapidly advancing international economic integration through substantial growth in trade of goods and services as well as surging cross-border factor mobility from the early 1990s onwards. This acceleration in the liberalization of world trade and capital movements is largely attributable to technological progress which significantly curtailed the expenses for transport as well as communication. In conjunction with the progressing opening of major newly industrializing economies endowed with abundant and cheap labor forces, it has reinforced a geographical fragmentation of production processes according to cost considerations. This phenomenon termed as “vertical specialization”, “outsourcing” or also “slicing the value chain” in turn has translated into a hike in FDI and international trade of intermediate products. The main objective of this paper is to identify adequate trade models for assessing the corresponding effects of those developments. In this context, textbook trade theories spanning from comparative advantage à la Ricardo to the new-new trade theory are examined. Subsequently, we expand on globalization-induced new forms of trade （intra-firm trade, trade within the value chain） and finally conclude with our findings to properly account for those trends.展开更多
countries, and emphasizes that the application of the rules in force represents the weak point of systems in which the competition policy awareness is much needed but still anchored at a rudimentary stage. This is esp...countries, and emphasizes that the application of the rules in force represents the weak point of systems in which the competition policy awareness is much needed but still anchored at a rudimentary stage. This is especially evident when considering that, although such laws have been built up following the European Union model as regards to the forbidden practices, and the US system-with its combination of monetary fines and criminal approach-for the sanctions, the establishment of a legal environment “friendly competition” is far from effective enforcement. After providing an overview of the competition laws passed by the six GCC members, the paper highlights that, notwithstanding the wide arsenal of legal tools to curb possible anticompetitive practices made available under the national regimes, in all countries role and powers of the competition authorities are somewhat underrated. Due to such generalized lack of implementation, the article underlines the need for effective enforcement standards accompanied by a joint harmonized action against illegal competition to be undertaken at regional level in order to facilitate the flow of commerce, and strengthen the economy in the GCC marketplace.展开更多
This paper was made using a descriptive analysis of some indicators from the data basis of Economic Commission for Latin America （CEPAL）, CEPAL and answers the question： Have there been enough foreign trade dynamic...This paper was made using a descriptive analysis of some indicators from the data basis of Economic Commission for Latin America （CEPAL）, CEPAL and answers the question： Have there been enough foreign trade dynamics during the last years （1999-2006） in order to reduce social inequality gaps？ The results here shown correspond to the first stage of a research that relates poverty to countries＇ economic productivity. The article presents foreign trade, economic growth, and social inequality overview in the countries of the Andean Community of Nations during the years 1999-2006. In considering this period, the last international crisis is overlooked, but it takes in account the importance of the Millennium Development Goals set by the UNDP. The analysis of the basic indicators reflects that the dynamics of economic integration and foreign trade do not translate into better social equality and poverty reduction. This paper shows an economic and social contrast obtained from the results by countries of the Andean Community of Nations （CAN） during the years 1999-2006, comprised by Colombia, Peru, Ecuador, Bolivia, and Venezuela, though the last country is not currently part of CAN. These indicators are exports, imports, relative commercial balance, gross domestic product, gross domestic product per capita, unemployment, GINI index, population, urban development index, and poverty. The paper presents a succinct conceptual framework where the relationship between foreign trade and social inequality is established, from which the description and analysis of the proposed indicators is formulated, permitting the establishing of an apparent practical connection between economic behavior and social results from the CAN countries.展开更多
This paper analyzes the relationship between internationalization and the generation of new products and processes, using data from 2,285 Mexican manufacturing firms during the 2008-2009 period. The purpose is to unde...This paper analyzes the relationship between internationalization and the generation of new products and processes, using data from 2,285 Mexican manufacturing firms during the 2008-2009 period. The purpose is to understand how the insertion in international markets, either through exporting, importing, receiving foreign direct investment, or outsourcing affects the innovative outcomes of manufacturing finns. Using logistic regressions, this paper contributes to the literature analyzing the case of a single developing country and concludes that, after controlling for the size of the firm, its innovative effort, and the market concentration of the industry where the firm is situated, exporting does not promote product or process innovations but promotes the generation of innovation for the world; being an importer does not affect the innovative outcomes of the firm; Foreign Direct Investment （FDI） also promotes innovation for the world, while outsourcing inhibits the generation of both products and innovations for the world.展开更多
The essay proceeds from the assumptions that for a economic/political integration group to succeed, first, its participants＇ motives should ideally be as alike as possible and not oppose one another and, second, thei...The essay proceeds from the assumptions that for a economic/political integration group to succeed, first, its participants＇ motives should ideally be as alike as possible and not oppose one another and, second, their expectations from inte- gration should correspond to the organisation＇s capabilities. In light of these assumptions, the study endeavours to assess the Eurasian Economic Union＇s （EAEU） potential for stability and development. First, the author analyses the key motives that were driving its member states＇ decisions to enter the organisation, compares them with one another and discusses how the countries＇ motives influence their conduct in the union. Second, the author confronts those motives against the EAEU＇s activities and the general logic of interstate politics on the post-Soviet space to reckon up whether the bloc＇s capabilities fit with the expectations of its member countries. Finally, based on that discussion, the author speculates on how the divergence/convergence of EAEU member states＇ goals, as well as the （in-） feasibility of their expectations, affect the organisation＇s development.展开更多
The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN- China Free Trade Area （.4 C...The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN- China Free Trade Area （.4 CFTA）, which is set to come into effect around 2010..4CFTA aims to boost trade between two economies that are partners as well as competitors： ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether,4CFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding A CFTA ＇s prospects as a vehicle for strengthening the economic partnership between ASEAN and China.展开更多
文摘Importance of integration to China's economy Shanghai,Jiangsu and Zhejiang.the three provinces and cities around Yangtze Delta area,are not only related in geography,but also enjoy similar type of cuhure and economy.With 2.2% of the national land area,10.4% of national population,the Yangtze Delta has created 22.1% of the national GDP,24.5% of the national fiscal revenues and 28.5% of the total imports and exports in the country, which has already made it become one of the most advanced areas in science,technology and culture in China.
基金supported by General Project of China’s National Social Science Fund "The generation logic and governance paradigm of China’s frontier social problems" (Grant No. 16BZZ037)Planning Project of Philosophy and Social Science of Yunnan Province "Research on the refinement of Frontier’s social governance in the era of big data"
文摘This paper constructs the index system by means of quantitative analysis. We choose the coordination degree of Yunnan province from 2012 to 2015. The regional cultural and economic development in Yunnan's frontier are analyzed so that we can provide the reference for the sustainable development of Yunnan's frontier and realize the coordinated development of culture in Yunnan's frontier and economic system in order. The results show that the culture and economy in Yunnan's frontier are coupled with formation of the coordinated development of culture and economy; economic development is the main reason to promote the coordinated development of culture and economy in Yunnan's frontier, and it contributes to the main force of improving the coordinated development of evolution types; the coordinated development degree of the overall level is low and still in the China's backward level.
文摘Asia has a special significance in China’s neighborhood strategy.Geographically,the Belt and Road Initiative faces the countries of Asia or China’s neighbors in the first place.Asia is clearly marked by an imbalance in and“absence”of regional economic integration.This“absence”is two-fold:it is expressed on the one hand as a lack of unified institutional arrangements for regional economic integration,and on the other as the inability of underdeveloped countries in the region to truly participate in regional economic integration and thereby gain opportunities for development.Compared with the rule-oriented nature of existing regional economic integration mechanisms,the Belt and Road Initiative,as a new type of regional cooperation mechanism,displays an orientation towards development.All existing regional economic integration arrangements,regardless of their form,establish specific rules on access thresholds,the rights and duties of member countries,schedules and roadmaps,dispute resolution mechanisms and so forth.This is not the case for the Belt and Road,which is not predicated on specific rules,but establishes its overall framework by orienting itself towards development.Overall,the development orientation of the Belt and Road is helpful not only in overcoming the inherent defects of Asian regional economic integration,but in responding to the new challenge of anti-globalization.This is an institutional public good that China offers to Asia and to the world.
文摘Thailand has currently enhanced and promoted intensive trade and investment liberalization and implemented long-term growth policy according with current regional economic integration, WTO obligations and globalization. Nevertheless, several recent internal and external factors e.g. the massive SARS and avian flu outbreaks, the Indian Ocean tsunami devastation, the Asia financial crisis and domestic policy reforms （ICSEAD, 2006） have also impeded this policy. While the issues are important for Thailand and developing countries in Asia, only limited research has been undertaken to investigate them. The paper conducts a substantive quantitative study to contribute to these trade and development policy issues. A new econometric modelling policy method, namely the generalized gravity theory （Tran Van Hoa, 2004） is used to develop a simple flexible simultaneous-equation econometric model of Thailand＇s openness model with its seven major trade partners （ASEAN-4, Australia, the USA, the EU, China, Japan and India）. Using data from the ICSEAD, the World Development Indicators and the Bank of Thailand databases, the paper reveals efficient and reliable empirical findings on trade-growth causality, trade determination including the impact of shocks and policy reform on trade and growth between Thailand and its major trade partners over the past two decades. The paper also provides evidence on the linkages between trade in goods, FDI and services and regional economic integration for more credible policy implications.
文摘After the collapse of the Soviet Union, the post-Soviet area moved fi＇om the periphery of the world economy into a new centre of political and economic influence. Today, the concept of pragmatic （economic） Eurasianism by N. Nazarbayev plays a paramount role in the development of integration processes in Eurasia. One of the newest initiatives of Eurasian integration is the Eurasian Economic Union （EAEU）, which functions today in a five-side format, comprising Russia, Belarus, Kazakhstan, Kyrgyzstan, and Armenia. However, conflict of interests, differential economic development among member states, and institutional problems often complicate the various processes of integration. On the other hand, with measures like harmonizing of national legislations, improved communication between countries at all levels, unification of trade policies, and enhanced control over domestic market in place, the EAEU countries also represent the newest competitive players in the world arena.
文摘The European Union （EU） this year has entered into the next phase of its existence, not only in terms of new economic conditions of the unwinding of the financial and economic crisis, but also on the basis of the results of European Parliament elections and the adoption of the EU financial fi＇amework for the period from 2014 to 2020. These indisputable facts does not change our view of the situation in which the EU is, or at major tasks whose managing can be considered as condition of its continued existence as an important part of the global economy. As the fundamental problem of the EU, persisting differences in economic level of the member states is considered. The aim of this paper is not to formulate and even to propose how the EU should look like in the future, but to assess criteria of decision making about concept of its future direction. In this context, the verification of argument will be performed, that only the integration of the countries that have common interests and objectives respectively are able to make the same efforts to meet them, is in certain stages of integration possible and functional. Conversely, a broader territorial structured integration of countries with significantly different economic parameters is feasible and functional only at lower stages of integration. This paper starts from that the process of economic convergence among member states as a condition for integration can be realized at the lower stage of the integration process, in terms of economic and monetary union, then only the expense of reducing the dynamics of economic development of integration group as a whole. Some degree of equilibrium of economic levels represents an important condition for the success of the integration project. To meet this goal, current differences in economic level of individual EU member states （comparative analysis using indicators of growth rate and development of GDP/capita） will be analyzed, including the assessment of the cost of the EU for the implementation of cohesion policy, both in terms of the economic crisis and the phase of requirement to the revival of the European economy. In this context, also the effectiveness of institutional arrangements of decision-making procedures will be assessed.
文摘New Silk Road Economic Belt has an important strategic significance for European and Asian economic integration, which is a concept that formed on the ancient Silk Road and is about of contemporary economic and trade cooperation. The focus of New Silk Road Economic Belt integration strategy implementation is the energy integration. The key areas in energy development are electricity, oil and gas. This article analyzes the opportunities and challenges for the power equipment manufacturing enterprises, power generation enterprises and electric grid enterprises on the New Silk Road Economic Belt. This article also emphasizes the importance of seizing the development opportunities and strengthening the international power cooperation.
文摘This paper revises the crucial outcome of adopting a single legal currency,within the environment of a classic based competing central bank infrastructure,in an uncertain monetary category definition class,from a generally closed economy,to a competing quasi-global market,for an unbiased monetary unit alone.The fallout effects of such a system include the transfer of capitals,the unavoidable reallocation of resources,and the non-homogenous economic development in different regional areas.The recent USA Interstate Banking Act experience,after the Riegle Community Development and Regulatory Improvement Act of 1994,constitutes a valid example of some necessary frameworks when opening a new financial operating infrastructure.This new paper focuses on the special conditions in the EU community States and the necessity-pending their financial integration-of a consideration of some likely negative fallout effects,in order to implement and consolidate some effective balancing measures.Nevertheless,the role that the globalization of the economic activity plays,especially in the financial community,is endorsing a rapid integration of the technology and operating techniques,that require critical volumes of trading and rapidly adjusting enterprise dimensions and operating techniques.The latter call for some form of institutional frameworks,considering the correct definition of the monetary function and its essence,requires a clear and unique common monetary framework.
文摘This paper reconsiders the outcome of the adoption of a single legal currency in the 1999 Euro Act. Installing a central bank, several different solutions surfaced among the EU members and in the global economy, since the 1922 Genoa summit. The last Euro solution came after the severe, unexpected stock market crash on October 19, 1987. Furthermore, the sub-prime bubble 2007, the financial collapse 2008 and the final 2012 the banking melt down, induce to reconsider the overlapping monetary and financial fallouts. The 89 Interstate Banking Act and the Riegle Community Development and Regulatory Improvement Act of 1994, induce a monetary and financial evolving infrastructure. This paper focuses on the conflicts at the enlarging EU community seen the unavoidable monetary and financial integration, considering that the unique definition of the monetary functions as its essence is misinterpreted, in a clear common asymmetry affecting the whole evolving situation.
文摘Without intending to do so, China has in recent years played a major role in East Asia＇s economic integration. It has done so mainly through the production and supply chain networks it has spun across the region. This paper argues that given the developmental trends in the Chinese economy, the Chinese government should pursue a more active strategy towards a broader and more balanced economic integration with the region. The emergence of a multi-track production structure, increased importance of domestic consumption and the services sector, together with faster integration of the domestic economy, will fundamentally change China＇s trade and investment relationships with the rest of East Asia and necessitate a review of China＇s economic integration strategy. The paper also argues that ASEAN can play a useful role in facilitating the region-wide integration process.
文摘The term “globalization” designates the rapidly advancing international economic integration through substantial growth in trade of goods and services as well as surging cross-border factor mobility from the early 1990s onwards. This acceleration in the liberalization of world trade and capital movements is largely attributable to technological progress which significantly curtailed the expenses for transport as well as communication. In conjunction with the progressing opening of major newly industrializing economies endowed with abundant and cheap labor forces, it has reinforced a geographical fragmentation of production processes according to cost considerations. This phenomenon termed as “vertical specialization”, “outsourcing” or also “slicing the value chain” in turn has translated into a hike in FDI and international trade of intermediate products. The main objective of this paper is to identify adequate trade models for assessing the corresponding effects of those developments. In this context, textbook trade theories spanning from comparative advantage à la Ricardo to the new-new trade theory are examined. Subsequently, we expand on globalization-induced new forms of trade （intra-firm trade, trade within the value chain） and finally conclude with our findings to properly account for those trends.
文摘countries, and emphasizes that the application of the rules in force represents the weak point of systems in which the competition policy awareness is much needed but still anchored at a rudimentary stage. This is especially evident when considering that, although such laws have been built up following the European Union model as regards to the forbidden practices, and the US system-with its combination of monetary fines and criminal approach-for the sanctions, the establishment of a legal environment “friendly competition” is far from effective enforcement. After providing an overview of the competition laws passed by the six GCC members, the paper highlights that, notwithstanding the wide arsenal of legal tools to curb possible anticompetitive practices made available under the national regimes, in all countries role and powers of the competition authorities are somewhat underrated. Due to such generalized lack of implementation, the article underlines the need for effective enforcement standards accompanied by a joint harmonized action against illegal competition to be undertaken at regional level in order to facilitate the flow of commerce, and strengthen the economy in the GCC marketplace.
文摘This paper was made using a descriptive analysis of some indicators from the data basis of Economic Commission for Latin America （CEPAL）, CEPAL and answers the question： Have there been enough foreign trade dynamics during the last years （1999-2006） in order to reduce social inequality gaps？ The results here shown correspond to the first stage of a research that relates poverty to countries＇ economic productivity. The article presents foreign trade, economic growth, and social inequality overview in the countries of the Andean Community of Nations during the years 1999-2006. In considering this period, the last international crisis is overlooked, but it takes in account the importance of the Millennium Development Goals set by the UNDP. The analysis of the basic indicators reflects that the dynamics of economic integration and foreign trade do not translate into better social equality and poverty reduction. This paper shows an economic and social contrast obtained from the results by countries of the Andean Community of Nations （CAN） during the years 1999-2006, comprised by Colombia, Peru, Ecuador, Bolivia, and Venezuela, though the last country is not currently part of CAN. These indicators are exports, imports, relative commercial balance, gross domestic product, gross domestic product per capita, unemployment, GINI index, population, urban development index, and poverty. The paper presents a succinct conceptual framework where the relationship between foreign trade and social inequality is established, from which the description and analysis of the proposed indicators is formulated, permitting the establishing of an apparent practical connection between economic behavior and social results from the CAN countries.
文摘This paper analyzes the relationship between internationalization and the generation of new products and processes, using data from 2,285 Mexican manufacturing firms during the 2008-2009 period. The purpose is to understand how the insertion in international markets, either through exporting, importing, receiving foreign direct investment, or outsourcing affects the innovative outcomes of manufacturing finns. Using logistic regressions, this paper contributes to the literature analyzing the case of a single developing country and concludes that, after controlling for the size of the firm, its innovative effort, and the market concentration of the industry where the firm is situated, exporting does not promote product or process innovations but promotes the generation of innovation for the world; being an importer does not affect the innovative outcomes of the firm; Foreign Direct Investment （FDI） also promotes innovation for the world, while outsourcing inhibits the generation of both products and innovations for the world.
文摘The essay proceeds from the assumptions that for a economic/political integration group to succeed, first, its participants＇ motives should ideally be as alike as possible and not oppose one another and, second, their expectations from inte- gration should correspond to the organisation＇s capabilities. In light of these assumptions, the study endeavours to assess the Eurasian Economic Union＇s （EAEU） potential for stability and development. First, the author analyses the key motives that were driving its member states＇ decisions to enter the organisation, compares them with one another and discusses how the countries＇ motives influence their conduct in the union. Second, the author confronts those motives against the EAEU＇s activities and the general logic of interstate politics on the post-Soviet space to reckon up whether the bloc＇s capabilities fit with the expectations of its member countries. Finally, based on that discussion, the author speculates on how the divergence/convergence of EAEU member states＇ goals, as well as the （in-） feasibility of their expectations, affect the organisation＇s development.
文摘The current global financial and economic crisis is giving new life to initiatives that promote closer economic integration among East Asian countries. A significant example is the ASEAN- China Free Trade Area （.4 CFTA）, which is set to come into effect around 2010..4CFTA aims to boost trade between two economies that are partners as well as competitors： ASEAN and China. In the present paper, we use insights from customs union theory in a qualitative analysis considering whether,4CFTA would benefit both sides. We also apply a computable general equilibrium model to perform a quantitative analysis of the same issue. Both our qualitative and quantitative analyses provide grounds for guarded optimism regarding A CFTA ＇s prospects as a vehicle for strengthening the economic partnership between ASEAN and China.
