The fascination of Vietnamese with drums and drumming reaches back into the pre-historic when bronze drums （Dong Son）, from the Red River Delta region of Vietnam＇s north, were prized trading commodities throughout ...The fascination of Vietnamese with drums and drumming reaches back into the pre-historic when bronze drums （Dong Son）, from the Red River Delta region of Vietnam＇s north, were prized trading commodities throughout the Asian world of that time. Now in the 21st century the Dong Son and other historically renowned drum types have become symbols for Vietnam＇s emergence into an international cultural and economic arena. This paper charts three Vietnamese international events that illustrate the emblematic use of traditional drumming as a nationalistic symbol of modern Vietnam： The Third Asian Indoor Games held in Hanoi in 2009 opened with a drumming spectacle using battle drums; the Jubilee celebrations of the Vietnamese Catholic Church in 2010, opened in the north in the Ha Nam province with an immense traditional drumming performance within its religious setting; the 2012 Hue International Arts Festival incorporated ＂Resounding the Vietnamese Spirit＂, a specific drums and percussion festival, with performances using Binh Dinh war drums, royal drums from Hue, Dong Son drums, and Tay Son battle drums. These displays of traditional drumming it is argued have popularised particular nationalistic styles of drumming amongst Vietnamese youth, extending from the use of drumming in lion dance performances to the emergence of small, youth drumming groups who perform in the streets of Hanoi and Ho Chi Minh City展开更多
It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating...It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People＇s Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises＇production is temporarily slowing down.展开更多
The perceived usefulness of Fair Trade influences both its effectiveness and farmers＇ long-term participation. The aim of this paper is to measure the perceived economic, social and environmental impact of Fair Trade...The perceived usefulness of Fair Trade influences both its effectiveness and farmers＇ long-term participation. The aim of this paper is to measure the perceived economic, social and environmental impact of Fair Trade by farmers in Costa Rica. One hundred farmers were interviewed, and their perceived change in living and working conditions due to Fair Trade participation was measured through a t-test analysis. The sample characters＇ influence on the perceived change was also measured, adopting a regression model and a t-test. The results showed a positive perception of the impact of Fair Trade, with a particularly strong perceived improvement in the farmers＇ technical, economic and managerial skills. There was relatively less perceived change in the environmental, educational and sanitary conditions. The results showed the need for Fair Trade to better adjust its strategy to the expectations of the farmers＇ communities.展开更多
The old-aged confrontation between “East” and “West”, between “civilization” and “barbarism”, between “Christianity” and “Islam” came to new heights in the early modern times and found its arena in Central...The old-aged confrontation between “East” and “West”, between “civilization” and “barbarism”, between “Christianity” and “Islam” came to new heights in the early modern times and found its arena in Central Europe. Since the late 15th century, the Ottoman Turks had been feared as menace, as the most dreadful enemies not only of the inhabitants of the Habsburg ruled countries but of the whole world of Christianity, and the Ottoman Turks did pose a permanent threat to their neighbours in Central Europe. The situation changed around 1700 when the Habsburgs succeeded in integrating the entire Hungarian Kingdom into their empire. From the early 18th century onwards the Ottoman Turks were no longer regarded as fierce fighters but increasingly as neighbours living in an unknown and totally different world and gained more and more curious attention. This change was not only the consequence of the new balance in power politics but mainly a sequel of gaining much more information. Up to the late 17th century the knowledge about the Ottoman Turks was based primarily on what had been reported by ambassadors travelling to Constantinople while in the 18th century people of several strands of life reported about their experiences. After the Peace of Passarowitz in 1718 trade agreements between the two states enabled activities of merchants and tradesmen who learned to know things about their eastern neighbours which were totally new to the Middle European contemporaries. Additionally, some elements of this ＂oriental＂ culture were taken over and were to become typical for Central Europe later on. The Turks were curiously observed as strange and fascinating neighbours. In the course of the movement of enlightenment from the middle of the 18th century onwards one aspect of this culture lost much of its dreadfulness： the fact that the Ottoman Turks were infidels. So it did not take very long until Ottomans were seen as being capable of true humanity regardless their religion. In the 19th century the multiethnic state organizations of the Ottoman Empire and the Habsburg Monarchy became outmoded in this age of nationalism. They realized their common interests and started a cooperation which eventually ended up as alliance in theWorld War I. From the point of view of power politics however, the Ottoman Empire was regarded as “sick man at the Bosporus”. In the following the changes of the image are shown as an overview by observing the criteria against the background of the most important historical events. The details of how this process worked are still pretty murky. Further investigations are already on the way and will bring more light into the reasons and the mechanism of this development.展开更多
This paper presents an empirical analysis of the effect that participation in an agricultural cooperative has on the transaction costs and net income of apple- growing farmers in Shandong province. Compared with indep...This paper presents an empirical analysis of the effect that participation in an agricultural cooperative has on the transaction costs and net income of apple- growing farmers in Shandong province. Compared with independent farming, agricultural cooperatives reduce transaction costs by 48 yuan/mu and increase farmers＇ net income by 321 yuan/mu. Other factors found to influence transaction costs and farmers＇net income were farmer＇s gender, educational attainment, farm size, the availability of market information, distance to market, and level of government support. Independent farmers＂ most common explanations for not participating in agricultural cooperatives were that doing so would not reduce transaction costs significantly and that the cooperatives would impede the autonomy of their decision-making.展开更多
CCPIT is a professional promo- tion in international business exchange.We draw this con- clusion not only because of its vast geography coverage by 16 overseas representative offices,50
This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heck...This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heckman selection model to estimate general effects and structural effects of RMB appreciation on export based on the sample data of China Industrial Enterprises from 2005 to 2009. Findings reveal that RMB appreciation has exerted a significant negative impact to corporate export through extensive margins and intensive margins. Meanwhile, due to different corporate strategies of heterogeneous enterprises, RMB appreciation cannot achieve the expected effect of ＂survival of the fittest＂ and is instead unfavorable to the optimization of export structure. RMB appreciatiou drives industry structure of export to evolve towards advanced levels to a certain extent. However, such a positive effect mainly derives from the contribution of foreign-funded enterprises while restricting development space of indigenous firms in the sector of advanced manufacturing.展开更多
Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent tas...Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent task to enterprises. This paper introduces the method of foreign exchange forecast which is the base of foreign exchange risk management, and then deeply discusses different measures of managing the risk.展开更多
Based on the single-factor market model, this paper examines the confirmation basis and measurement of the losses arising from systematic risk in the civil damages of false statements. The paper argues that the system...Based on the single-factor market model, this paper examines the confirmation basis and measurement of the losses arising from systematic risk in the civil damages of false statements. The paper argues that the systematic risk not only affects the investment in securities during times of financial crisis, but also causes losses in daily securities trading. The paper carries out an empirical analysis on the existence of fl coefficient for China＇s listed companies within a period of one year, and examines the impact of systematic risk on the losses of investors. The civil damages of false statements should take full account of the losses arising from systematic risk. After analysis, the paper uses the correlation coefficient to represent the ratio of losses arising from systematic risk of all the transactions of a particular stock during a certain period of time, and tries to develop two methods to measure the damages after adjusting the losses caused by the systematic risk. The paper has a theoretical foundation for the estimation of losses caused by systematic risk, and matches the risks and returns. The result of the paper has provided an effective method of calculation in the determination of reasonable damages in the case of China Langfang Development Co., Ltd.展开更多
The Sino-U.S. trade imbalance and the related debate on RMB appreciation have attracted much attention in recent years. Judging objectively, however, the trade imbalance does not necessarily result in an imbalance in ...The Sino-U.S. trade imbalance and the related debate on RMB appreciation have attracted much attention in recent years. Judging objectively, however, the trade imbalance does not necessarily result in an imbalance in the distribution of trade benefits. By analyzing the distribution of benefits in Sino-U.S. trade from 1978 to 2007, this paper finds that bilateral trade has brought positive benefits to both sides, differentially in terms of production and consumption. Simply put, China has gained benefits for production yet suffered in terms of consumption, whereas the opposite is true for the U.S.. Moreover, even during periods in which the U.S. experienced a trade deficit, its citizens gained larger total individual benefits than those in a period of trade surplus. We argue, therefore, that appreciation of the RMB would reduce the trade benefits for both sides by almost the same margin, bringing little benefit to the United States.展开更多
Microfinance institutions play a great role for small businesses activities, deposits, and loans to improve households and constrained people who are not reached by formal financial institutions. This study aimed to i...Microfinance institutions play a great role for small businesses activities, deposits, and loans to improve households and constrained people who are not reached by formal financial institutions. This study aimed to investigate on the microfinance services and economic growth of households in Lubumbashi. The study applied descriptive and correlation design. Questionnaire was administered to 125 respondents and simple random sampling technique was used to select them. With the use of statistical techniques applied for data analysis, it was concluded that there is a significant relationship between microfinance services and economic growth of households. From the results, it was recommended that microfinance services should not only be considered as credit and lending activities, but also include insurance, savings, and transactional services for money transfer.展开更多
A remarkable change of the global system is occurring with the rise of civil society and China. The rise of civil society in the international arena and the role of civil society in global politics have received much ...A remarkable change of the global system is occurring with the rise of civil society and China. The rise of civil society in the international arena and the role of civil society in global politics have received much scholarly attention in recent years. Civil society is playing a role in international development, which has an impact on China in global governance. The vigorous rise of China as a worldwide economic and political player is also a principal theme of present intellectual and political discussions. This paper discusses the rise of civil society in the world and its major contributions, both positive and negative, to world politics, and investigates the implications of the rise of civil society to China in global governance. This study will show that China is engaged actively in international affairs and is promoting good global governance and that China not only plays a constructive role in the international organizations of the United Nations and the World Trade Organization but also plays a part in dealing with some major international challenges. The study argues that the rise of civil society and the rise of China are two important movements in global governance and that these two trends not only serve to increase progressively the effectiveness of the global system, but also will play more important roles in global governance in the future.展开更多
文摘The fascination of Vietnamese with drums and drumming reaches back into the pre-historic when bronze drums （Dong Son）, from the Red River Delta region of Vietnam＇s north, were prized trading commodities throughout the Asian world of that time. Now in the 21st century the Dong Son and other historically renowned drum types have become symbols for Vietnam＇s emergence into an international cultural and economic arena. This paper charts three Vietnamese international events that illustrate the emblematic use of traditional drumming as a nationalistic symbol of modern Vietnam： The Third Asian Indoor Games held in Hanoi in 2009 opened with a drumming spectacle using battle drums; the Jubilee celebrations of the Vietnamese Catholic Church in 2010, opened in the north in the Ha Nam province with an immense traditional drumming performance within its religious setting; the 2012 Hue International Arts Festival incorporated ＂Resounding the Vietnamese Spirit＂, a specific drums and percussion festival, with performances using Binh Dinh war drums, royal drums from Hue, Dong Son drums, and Tay Son battle drums. These displays of traditional drumming it is argued have popularised particular nationalistic styles of drumming amongst Vietnamese youth, extending from the use of drumming in lion dance performances to the emergence of small, youth drumming groups who perform in the streets of Hanoi and Ho Chi Minh City
文摘It has been demonstrated by both domestic and international theories and empirical studies that inventory fluctuations are cyclical in nature, which makes it useful in monitoring how the economy is currently operating. Based on a survey o foyer 5,000 enterprises conducted by the People＇s Bank of China, we have attempted to compile a finished goods inventory index of the 5,000 enterprises. Through our analysis, we are able to determine that the 5,000 enterprises inventory index displays the basic features of pro-cyclicality and fits the business cycle with a lag of one quarter. Currently, the inventory index shows signs of declining after five consecutive months of increases, indicating that the expansion of enterprises＇production is temporarily slowing down.
文摘The perceived usefulness of Fair Trade influences both its effectiveness and farmers＇ long-term participation. The aim of this paper is to measure the perceived economic, social and environmental impact of Fair Trade by farmers in Costa Rica. One hundred farmers were interviewed, and their perceived change in living and working conditions due to Fair Trade participation was measured through a t-test analysis. The sample characters＇ influence on the perceived change was also measured, adopting a regression model and a t-test. The results showed a positive perception of the impact of Fair Trade, with a particularly strong perceived improvement in the farmers＇ technical, economic and managerial skills. There was relatively less perceived change in the environmental, educational and sanitary conditions. The results showed the need for Fair Trade to better adjust its strategy to the expectations of the farmers＇ communities.
文摘The old-aged confrontation between “East” and “West”, between “civilization” and “barbarism”, between “Christianity” and “Islam” came to new heights in the early modern times and found its arena in Central Europe. Since the late 15th century, the Ottoman Turks had been feared as menace, as the most dreadful enemies not only of the inhabitants of the Habsburg ruled countries but of the whole world of Christianity, and the Ottoman Turks did pose a permanent threat to their neighbours in Central Europe. The situation changed around 1700 when the Habsburgs succeeded in integrating the entire Hungarian Kingdom into their empire. From the early 18th century onwards the Ottoman Turks were no longer regarded as fierce fighters but increasingly as neighbours living in an unknown and totally different world and gained more and more curious attention. This change was not only the consequence of the new balance in power politics but mainly a sequel of gaining much more information. Up to the late 17th century the knowledge about the Ottoman Turks was based primarily on what had been reported by ambassadors travelling to Constantinople while in the 18th century people of several strands of life reported about their experiences. After the Peace of Passarowitz in 1718 trade agreements between the two states enabled activities of merchants and tradesmen who learned to know things about their eastern neighbours which were totally new to the Middle European contemporaries. Additionally, some elements of this ＂oriental＂ culture were taken over and were to become typical for Central Europe later on. The Turks were curiously observed as strange and fascinating neighbours. In the course of the movement of enlightenment from the middle of the 18th century onwards one aspect of this culture lost much of its dreadfulness： the fact that the Ottoman Turks were infidels. So it did not take very long until Ottomans were seen as being capable of true humanity regardless their religion. In the 19th century the multiethnic state organizations of the Ottoman Empire and the Habsburg Monarchy became outmoded in this age of nationalism. They realized their common interests and started a cooperation which eventually ended up as alliance in theWorld War I. From the point of view of power politics however, the Ottoman Empire was regarded as “sick man at the Bosporus”. In the following the changes of the image are shown as an overview by observing the criteria against the background of the most important historical events. The details of how this process worked are still pretty murky. Further investigations are already on the way and will bring more light into the reasons and the mechanism of this development.
文摘This paper presents an empirical analysis of the effect that participation in an agricultural cooperative has on the transaction costs and net income of apple- growing farmers in Shandong province. Compared with independent farming, agricultural cooperatives reduce transaction costs by 48 yuan/mu and increase farmers＇ net income by 321 yuan/mu. Other factors found to influence transaction costs and farmers＇net income were farmer＇s gender, educational attainment, farm size, the availability of market information, distance to market, and level of government support. Independent farmers＂ most common explanations for not participating in agricultural cooperatives were that doing so would not reduce transaction costs significantly and that the cooperatives would impede the autonomy of their decision-making.
文摘CCPIT is a professional promo- tion in international business exchange.We draw this con- clusion not only because of its vast geography coverage by 16 overseas representative offices,50
文摘This paper sets up a simplified dynamic discrete selection model to analyze two-stage decision of corporate export behavior and influence of exchange rate under the framework of profit maximization. Then we adopt Heckman selection model to estimate general effects and structural effects of RMB appreciation on export based on the sample data of China Industrial Enterprises from 2005 to 2009. Findings reveal that RMB appreciation has exerted a significant negative impact to corporate export through extensive margins and intensive margins. Meanwhile, due to different corporate strategies of heterogeneous enterprises, RMB appreciation cannot achieve the expected effect of ＂survival of the fittest＂ and is instead unfavorable to the optimization of export structure. RMB appreciatiou drives industry structure of export to evolve towards advanced levels to a certain extent. However, such a positive effect mainly derives from the contribution of foreign-funded enterprises while restricting development space of indigenous firms in the sector of advanced manufacturing.
文摘Since the foreign exchange reform on July 21^st 2005, the flexibility of RMB exchange rate has becoming big, so has the foreign exchange risk. How to effectively manage foreign exchange risk has become an emergent task to enterprises. This paper introduces the method of foreign exchange forecast which is the base of foreign exchange risk management, and then deeply discusses different measures of managing the risk.
文摘Based on the single-factor market model, this paper examines the confirmation basis and measurement of the losses arising from systematic risk in the civil damages of false statements. The paper argues that the systematic risk not only affects the investment in securities during times of financial crisis, but also causes losses in daily securities trading. The paper carries out an empirical analysis on the existence of fl coefficient for China＇s listed companies within a period of one year, and examines the impact of systematic risk on the losses of investors. The civil damages of false statements should take full account of the losses arising from systematic risk. After analysis, the paper uses the correlation coefficient to represent the ratio of losses arising from systematic risk of all the transactions of a particular stock during a certain period of time, and tries to develop two methods to measure the damages after adjusting the losses caused by the systematic risk. The paper has a theoretical foundation for the estimation of losses caused by systematic risk, and matches the risks and returns. The result of the paper has provided an effective method of calculation in the determination of reasonable damages in the case of China Langfang Development Co., Ltd.
文摘The Sino-U.S. trade imbalance and the related debate on RMB appreciation have attracted much attention in recent years. Judging objectively, however, the trade imbalance does not necessarily result in an imbalance in the distribution of trade benefits. By analyzing the distribution of benefits in Sino-U.S. trade from 1978 to 2007, this paper finds that bilateral trade has brought positive benefits to both sides, differentially in terms of production and consumption. Simply put, China has gained benefits for production yet suffered in terms of consumption, whereas the opposite is true for the U.S.. Moreover, even during periods in which the U.S. experienced a trade deficit, its citizens gained larger total individual benefits than those in a period of trade surplus. We argue, therefore, that appreciation of the RMB would reduce the trade benefits for both sides by almost the same margin, bringing little benefit to the United States.
文摘Microfinance institutions play a great role for small businesses activities, deposits, and loans to improve households and constrained people who are not reached by formal financial institutions. This study aimed to investigate on the microfinance services and economic growth of households in Lubumbashi. The study applied descriptive and correlation design. Questionnaire was administered to 125 respondents and simple random sampling technique was used to select them. With the use of statistical techniques applied for data analysis, it was concluded that there is a significant relationship between microfinance services and economic growth of households. From the results, it was recommended that microfinance services should not only be considered as credit and lending activities, but also include insurance, savings, and transactional services for money transfer.
文摘A remarkable change of the global system is occurring with the rise of civil society and China. The rise of civil society in the international arena and the role of civil society in global politics have received much scholarly attention in recent years. Civil society is playing a role in international development, which has an impact on China in global governance. The vigorous rise of China as a worldwide economic and political player is also a principal theme of present intellectual and political discussions. This paper discusses the rise of civil society in the world and its major contributions, both positive and negative, to world politics, and investigates the implications of the rise of civil society to China in global governance. This study will show that China is engaged actively in international affairs and is promoting good global governance and that China not only plays a constructive role in the international organizations of the United Nations and the World Trade Organization but also plays a part in dealing with some major international challenges. The study argues that the rise of civil society and the rise of China are two important movements in global governance and that these two trends not only serve to increase progressively the effectiveness of the global system, but also will play more important roles in global governance in the future.
