International pressure to revalue China's currency stems in part from the expectation that rapid economic growth should be associated with an underlying real *** rate *** hinges on the Balassa-Samuelson hypothesis...
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International pressure to revalue China's currency stems in part from the expectation that rapid economic growth should be associated with an underlying real *** rate *** hinges on the Balassa-Samuelson hypothesis,which sees growth as stemming from improvements in traded sector productivity and associated rises in wages and non-traded prices. Yet,despite extraordinary growth after the mid-1990s China's real exchange rate showed no tendency to appreciate until after *** use a dynamic general equilibrium model to simulate the economy and show that,during this period,trade reforms and a rising national saving rate were offsetting forces in the presence of elastic labour *** then examine the possible determinants of the striking transition to real appreciation thereafter,noting mounting evidence that an improved rural terms of trade has tightened China's labour *** show that,should the Chinese government bow to international pressure by appreciating the renminbi either via an extraordinary monetary contraction or via export disincentives the consequences would be harmful for both Chinese and global interests.
Following capital account liberalization and financial market deregulation in the early 1990s, many East Asian economies experienced a surge in international capital *** addition,these East Asian economies have taken ...
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Following capital account liberalization and financial market deregulation in the early 1990s, many East Asian economies experienced a surge in international capital *** addition,these East Asian economies have taken various steps to improve regional financial cooperation and integration since the 1997/98 Asian financial ***,freely mobile international capital flows can benefit countries by efficiently matching worldwide savings and investment *** paper investigates the extent to which the domestic investment of East Asian economies is financed by domestic and foreign savings,based on the framework extended from Feldstein and Horioka(1980).In particular,this paper focuses on the role of(East Asian) regional versus global saving in financing domestic investment in order to infer the relative importance of regional versus global capital markets in East *** results show that Japanese saving has played an important role in financing domestic investment of emerging East Asian economies,while savings from G6 economies(G7 excluding Japan) have not been a significant factor.
Within the next decade,China's labour force will begin to contract,while that of India will expand faster than its *** labour abundance will bring higher capital returns and an increasing share of global FDI to **...
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Within the next decade,China's labour force will begin to contract,while that of India will expand faster than its *** labour abundance will bring higher capital returns and an increasing share of global FDI to *** China may relax its One Child Policy further and India's fertility could follow the pattern elsewhere in Asia and decline faster than expected. These linkages are explored using a global demographic sub-model that is integrated with an adaptation of the GTAP-Dynamic global economic model in which regional households are disaggregated by age and *** with a ***'s growth is projected to slow in future with India becoming the fastest growing economy in the world on the strength of its continued population *** GDP depends positively on fertility in both countries, the price of more GDP growth in terms of lost per capita income is higher in India than in China, a result that depends critically on India's initially higher *** higher youth dependency and the age-gender pattern of its participation *** therefore has considerably more to *** least in per capita *** further reducing its fertility.
In their reflections on the Great War,missionary groups and Christian leaders attributed the war to some wrong dominant ideas in prewar *** was the Machiavellian principle of jungle in dealing with the inter-national ...
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In their reflections on the Great War,missionary groups and Christian leaders attributed the war to some wrong dominant ideas in prewar *** was the Machiavellian principle of jungle in dealing with the inter-national *** other was the notion of white supremacy and western superiority in dealing with inter-cultural or inter-civilizational *** the basis of their understanding of war roots,they put forward their program to prevent war and keep peace. In their program,the first cure for war is to reformulate the inter-national order according to the spirit of Christ,namely,to "Christianize the international relations".In this regard,many missionary groups changed the traditional and evangelistic approach narrowly focusing on conversion and salvation of individual souls and broadened their agenda to the solution of intentional issues and the establishment of a just world order on the base of Christian love and universal *** second cure is to reformulate the inter-cultural relations(especialIy between the West and the East),including appreciating and respecting Oriental cultures as equals and even using the heritages of other cultures to supplement Western Christianity and to enrich the Christian *** this notion,they revised the missionary goal,which was no longer "the transplantation of Western Christianity" into Oriental lands but filling "all nations with the spirit of Christ" and representing Christ in all *** these reflections,missionaries advanced a moralistic and Christian approach to international affairs and brought about the rise of Christian internationalism,which is of great value to the cultural dialogue and international understanding in the age of globalization.
Malaysia is responding to the demands and pressures arising from the fast changing global higher education *** this regard,a process of transformation to knowledge-based economy and society has been *** this transform...
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Malaysia is responding to the demands and pressures arising from the fast changing global higher education *** this regard,a process of transformation to knowledge-based economy and society has been *** this transformation the role of higher education is considered vital. Subsequently,it is argued that transformation can be effective if it is to be undertaken at a much smaller spatial entity dubbed the 'learning regions'.While 'learning regions' are already evident in matured higher education systems,in countries where the higher education systems are going through a transformational stage,the learning process has only just *** is typical of many developing countries,societal transformations in Malaysia are being spearheaded by key 'transformers' such as policy-makers,corporate leaders and ***,learning regions are important vehicles for Malaysia to achieve high-income country status by 2020. With the development in higher education in Malaysia since 1970 as a background,and adopting the learning region conceptual framework as an analytical construct,this paper will examine and deliberate upon Malaysia's attempt at societal transformation through systematic development in higher education system and institutions based on 'learning region' *** examples from the Kuala Lumpur city-region and the Iskandar Malaysia region(to the south bordering Singapore) this paper will provide an assessment of lessons learned to date.
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