＂Decoupling＂ refers to the divergence of business cycles among different countries, while ＂re-coupling＂ corresponds to the convergence or the synchronization of business cycles among different countries. The decou...＂Decoupling＂ refers to the divergence of business cycles among different countries, while ＂re-coupling＂ corresponds to the convergence or the synchronization of business cycles among different countries. The decoupling debate is popular in the field of economics, especially after global financial crisis. As trade integration increased among Asian countries, business cycle synchronization among these countries was expected to increase through trade transmission. The aim of this study is to discover whether there has been decoupling or convergence of business cycles through various trade channels. However, theoretically, increased trade can lead to business cycle synchronization either rising or falling. Inter-industry trade resulting in higher specification will induce less synchronized business cycles, while intra-industry trade could lead to increased business cycle synchronization. Thus, it is important to distinguish between intra- and inter-industry trade flows. Both correlation and dynamic factor models are utilized to study the evolution of global business cycle linkages. Results indicate that the world factor has become less important in explaining macroeconomic fluctuations from sub-period 1961-1984 to sub-period 1985-2007, while regional factors do not play an important role in explaining aggregate volatility, with the expectation of consumption. Overall, the explanatory power of country factors increases. Domestic consumption and domestic investment variances are more driven by country and idiosyncratic factors than by the world factor, contrary to the output growth fluctuations. Regional factors and country factors also play a more prominent role in explaining gross import fluctuations than in explaining gross exports. Results cast doubt on the strong forms of both the decoupling and the re-coupling hypothesis.展开更多
CCPIT Sub-Council of Petrochemical Industry,established in August 1988, is a non-governmental foreign trade organization with 73 members including SINOPEC and other Chinese petroleum and petrochemical enterprises and ...CCPIT Sub-Council of Petrochemical Industry,established in August 1988, is a non-governmental foreign trade organization with 73 members including SINOPEC and other Chinese petroleum and petrochemical enterprises and organizations.展开更多
As a country with the strongest economic strength and the largest land area in Central Asia, Kazakhstan is also the advocacy and ＂core nation＂ of the SCO with China. Taking full advantage of the existing SCO economi...As a country with the strongest economic strength and the largest land area in Central Asia, Kazakhstan is also the advocacy and ＂core nation＂ of the SCO with China. Taking full advantage of the existing SCO economic cooperation mechanism and using Kazakhstan as the starting point to speed up the coordinated development of the Silk Road Economic Belt and regional trade is an important measure to speed up the implementation of the strategy of China＇s free trade agreement and to co-ordinate the overall new pattern of opening up. The strategic concept of ＂One Belt and One Road＂ is of great significance for promoting the development of trade liberalization in China and Central Asia and for enhancing China＇s strategic position in the global trade pattern.展开更多
China （Shanghai） pilot free trade zone （FTZ）formally approved by the state council on August 22, 2013, was officially opened on September 29. It is the important measures to comprehensiw＇,ly deepen reforms and op...China （Shanghai） pilot free trade zone （FTZ）formally approved by the state council on August 22, 2013, was officially opened on September 29. It is the important measures to comprehensiw＇,ly deepen reforms and open still wider to the outside world in China. Exploring ＂pre-establistnnent national treatment＂ and ＂negative list＂ management mode is a feature of the free trade zone of Shanghai, which is adapt to economic globalization, to win the international competition o fthe initiative a qualitative leap.展开更多
The purpose of this study was to consider the relevance of CARICOM＇s existence to the Virgin Islands （BVI）. Its relevance becomes more significant to the BVI and the Caribbean, by extension, when the globalization ...The purpose of this study was to consider the relevance of CARICOM＇s existence to the Virgin Islands （BVI）. Its relevance becomes more significant to the BVI and the Caribbean, by extension, when the globalization phenomenon is applied; a phenomenon that has been in existence for centuries. Overall, the study concluded that even though the BVI remains only an associate member of CARICOM and not of CSME, it still has an interest in the progress of the regional grouping and its trade initiatives. Over the years, CARICOM has been struggling with its identity as a unified grouping. Nonetheless, it was found that in an effort to combat the trade liberalization process, the grouping must find that inner connection to advance its agenda on the global stage. Accordingly, it has been suggested that CARICOM begin to focus on its strengths and opportunities in order for economic development across the region to occur. It has also been recommended that more serious considerations be taken towards the development of a comprehensive regional market for the trading of goods and services, that is, the Caribbean Single Market and Economy （CSME）. To substantiate its findings, the paper used the qualitative research approach, combined with a situation （SWOT） analysis.展开更多
Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by Engl...Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by English teachers in vocational college. In this paper, the issues currently facing vocational English education was of, and the corresponding countermeasures. With the development of economic and trade globalization, increasingly strengthened international exchanges. Society is not only high-level personnel to graduate raised higher and higher English proficiency requirements, the ability to develop applications based English Education in Higher Colleges also put forward higher requirements. Vocalional Training Colleges for professional and technical personnel is an important part of our personnel training requirements for rapid economic development of professional and technical personnel in addition to high technical expertise, but also need to understand the professional literature information inquiry, learning and further education. Therefore, we must from the height of the times and the needs of international competition to recognize new opportunities and challenges of English teaching in higher vocational colleges are facing a variety of approaches and strive to improve our English teaching level.展开更多
文摘＂Decoupling＂ refers to the divergence of business cycles among different countries, while ＂re-coupling＂ corresponds to the convergence or the synchronization of business cycles among different countries. The decoupling debate is popular in the field of economics, especially after global financial crisis. As trade integration increased among Asian countries, business cycle synchronization among these countries was expected to increase through trade transmission. The aim of this study is to discover whether there has been decoupling or convergence of business cycles through various trade channels. However, theoretically, increased trade can lead to business cycle synchronization either rising or falling. Inter-industry trade resulting in higher specification will induce less synchronized business cycles, while intra-industry trade could lead to increased business cycle synchronization. Thus, it is important to distinguish between intra- and inter-industry trade flows. Both correlation and dynamic factor models are utilized to study the evolution of global business cycle linkages. Results indicate that the world factor has become less important in explaining macroeconomic fluctuations from sub-period 1961-1984 to sub-period 1985-2007, while regional factors do not play an important role in explaining aggregate volatility, with the expectation of consumption. Overall, the explanatory power of country factors increases. Domestic consumption and domestic investment variances are more driven by country and idiosyncratic factors than by the world factor, contrary to the output growth fluctuations. Regional factors and country factors also play a more prominent role in explaining gross import fluctuations than in explaining gross exports. Results cast doubt on the strong forms of both the decoupling and the re-coupling hypothesis.
文摘CCPIT Sub-Council of Petrochemical Industry,established in August 1988, is a non-governmental foreign trade organization with 73 members including SINOPEC and other Chinese petroleum and petrochemical enterprises and organizations.
文摘As a country with the strongest economic strength and the largest land area in Central Asia, Kazakhstan is also the advocacy and ＂core nation＂ of the SCO with China. Taking full advantage of the existing SCO economic cooperation mechanism and using Kazakhstan as the starting point to speed up the coordinated development of the Silk Road Economic Belt and regional trade is an important measure to speed up the implementation of the strategy of China＇s free trade agreement and to co-ordinate the overall new pattern of opening up. The strategic concept of ＂One Belt and One Road＂ is of great significance for promoting the development of trade liberalization in China and Central Asia and for enhancing China＇s strategic position in the global trade pattern.
文摘China （Shanghai） pilot free trade zone （FTZ）formally approved by the state council on August 22, 2013, was officially opened on September 29. It is the important measures to comprehensiw＇,ly deepen reforms and open still wider to the outside world in China. Exploring ＂pre-establistnnent national treatment＂ and ＂negative list＂ management mode is a feature of the free trade zone of Shanghai, which is adapt to economic globalization, to win the international competition o fthe initiative a qualitative leap.
文摘The purpose of this study was to consider the relevance of CARICOM＇s existence to the Virgin Islands （BVI）. Its relevance becomes more significant to the BVI and the Caribbean, by extension, when the globalization phenomenon is applied; a phenomenon that has been in existence for centuries. Overall, the study concluded that even though the BVI remains only an associate member of CARICOM and not of CSME, it still has an interest in the progress of the regional grouping and its trade initiatives. Over the years, CARICOM has been struggling with its identity as a unified grouping. Nonetheless, it was found that in an effort to combat the trade liberalization process, the grouping must find that inner connection to advance its agenda on the global stage. Accordingly, it has been suggested that CARICOM begin to focus on its strengths and opportunities in order for economic development across the region to occur. It has also been recommended that more serious considerations be taken towards the development of a comprehensive regional market for the trading of goods and services, that is, the Caribbean Single Market and Economy （CSME）. To substantiate its findings, the paper used the qualitative research approach, combined with a situation （SWOT） analysis.
文摘Vocational students generally English foundation is weak, not strong interest in learning how to guide students to learn to think independently, to stimulate students＇ curiosity, is a series of problems faced by English teachers in vocational college. In this paper, the issues currently facing vocational English education was of, and the corresponding countermeasures. With the development of economic and trade globalization, increasingly strengthened international exchanges. Society is not only high-level personnel to graduate raised higher and higher English proficiency requirements, the ability to develop applications based English Education in Higher Colleges also put forward higher requirements. Vocalional Training Colleges for professional and technical personnel is an important part of our personnel training requirements for rapid economic development of professional and technical personnel in addition to high technical expertise, but also need to understand the professional literature information inquiry, learning and further education. Therefore, we must from the height of the times and the needs of international competition to recognize new opportunities and challenges of English teaching in higher vocational colleges are facing a variety of approaches and strive to improve our English teaching level.
