Socio-economic development of countries based on the Composite Country Development Index(CCDI)

World experience indicates the existence of significant imbalances in the development of countries.The problem of assessing the rational development of the regional and national economy is becoming urgent,since such assessments can prevent development imbalances across countries.The aim of this study is to elaborate a methodology to assess the countries’socio-economic development by integraring 12 modern indices of socio-economic development into the Composite Country Development Index(CCDI).The methodology of this research was based on a set of key indices that described socio-economic development level in four fields(social development,digital development,economic development,and environmental security)and then these indices were integrated into the CCDI.The study further applied factor analysis and R-Studio software to define the gaps of social and economic development in 59 selected countries using the trigonometric function of the angle sine.The correlation analysis confirmed the existence of a close interrelation among the studied countries.This paper noted that due to the emergence of new priorities,it is necessary to revise the assessment methodology of socio-economic development level and expand them to cover the decisive factors.This was confirmed by the results obtained,demonstrating various combinations of the development level in the four fields and their impact on the CCDI.The scientific contribution of this research is to form a methodology(e.g.,the CCDI)for evaluating the socio-economic development level of countries in the world.

Impact of taxes on the 2030 Agenda for Sustainable Development:Evidence from Organization for Economic Cooperation and Development(OECD)countries

Multiple ecological and socioeconomic problems have occurred worldwide,raising the awareness of sustainability.This study aims to examine the impact of taxes on Sustainable Development Goals(SDGs)in the context of Organization for Economic Co-operation and Development(OECD)countries.This research used effective average tax(EAT),tax on personal income(TPI),tax on corporate profits(TCP),and tax on goods and services(TGS)as the variables of taxes,and employed secondary data from 38 OECD countries covering 2000–2021.The study also used Breusch-Pagan Lagrange Multiplier(LM),Pesaran Scaled LM,Bias-Corrected Scaled LM,and Pesaran Cross-sectional dependence(CSD)tests to analyze the existence of crosssectional dependency.Then,we established the stationarity of variables through second-generation panel unit root tests(Cross-sectional Augmented Dickey-Fuller(CADF)and Cross-sectional Im,Pesaran,and Shin(CIPS)),and confirmed the long-run cointegration of the variables by using secondgeneration panel cointegration test(Westerlund cointegration test).The results showed that EAT,TPI,TCP,and TGS are positively associated with SDGs.However,the change in TPI has a smaller effect on SDGs than the change in EAT or TCP or TGS.The result of panel causality indicated that EAT,TPI,and TGS have a unidirectional causal relationship with SDGs.The study also found that TCP has a bi-directional causal relationship with SDGs.Moreover,the finding indicated that the OECD countries need to focus on tax policies to achieve the 2030 Agenda for Sustainable Development.This study is based on the theory of optimal taxation(TOT),which suggests that tax systems should be designed to maximize social welfare.Finally,we suggests the importance of taking a comprehensive approach for the managers and policy-makers when analyzing the impact of taxes on SDGs.

CHINA: A COUNTRY OF THE THIRD WORLD OR THE THIRD GREAT POWER?

In 1990, World Bank and IMF calculated China's GDP with Purchasing Power Parity (PPP). World Bank estimated it at 1,950 U.S dollars and IMF did it at 1,300. According to this figure, China ranked next to U.S. and Japan in the world. This result has created a dispute whether China is a country of the Third World or the third great power. For explaining this question, measuring system of the PPP and traditional exchange rate must be exanined first.

Investigation on the Regional Branding Mode of Modern Agriculture in Guanzhong-Tianshui Economic Zone——From the Perspective of Country-of-origin Image

The theory of the country-of-origin image is discussed and the natural relations between county-of-origin image and the regional brand are explored.The paper points out that the dispersion of agriculture has intensified the natural relations to a large extent.The paper probes into the branding status of agriculture in Guanzhong-Tianshui economic zone and points out the problems of it.In the first place,the agricultural industrial system is complete but there is no unified agricultural regional brand;in the second place,the weak awareness on protecting brand leads to the irrational behaviors on damaging brand.From the perspective of the image of the country of origin,the branding mode of agriculture is established and the countermeasures on improving the competitiveness of agricultural products are put forward.Firstly,the leading role of the government should be fully displayed;secondly,the image protection of original production place and regional brand promotion of the agricultural region should be intensified;thirdly,the functions of local pillar industries in protecting image and regional branding should be fully made use of.

CONSTANTLY IMPROVE AND DEVELOP INTERNATIONAL PATENT SYSTEM,PROMOTE SCIENTIFIC AND TECHNOLOGICAL AND ECONOMIC DEVELOPMENT OF COUNTRIES AROUND THE WORLD

When the human society steps into a new epoch, we, in cooperation with the World Intellectual Property Organization (WIPO), hold the Sino-African Intellectual Property Forum, on which we may exchange experiences in developing intellectual property systems and discuss issues of common concern. The themes listed in the agenda not only mirror the emerging issues of the development of the international intellectual property system, but also carry significant weight to

The Economic Contribution and World Influence of China's Reform and Development Governance

This article summarizes a series of valuable accomplishments of China's government in promoting economic development, reducing poverty, maintaining social stability, and increasing people's prosperity since 1949. It summarizes the economic analysis framework of development governance in mainstream economics, and further analyzes the connotations and extensions of the conceptual framework. This paper also summarizes some of the core economic characteristics embodied in China's Reform and Development Governance since the reform, and further explores the necessity and direction of its future modernization and its impacts on different countries and regions in the world.

China Needs the World,and the World Needs China——Mr.Li Lanqing on China's economic opening to the outside world

Mr. Li Lanqing, Vice Premier of the State Council, expounded on China’s economy heading towards the 21st century,at the 32nd ICC World Congress. He said: China is greeting the 19th year of its reform and opening to the outside world. In the past 18 years, especially in the 1990s,China’s economy, as an integral part of the world economy, has assumed three interrelated new features, under the circumstances of speeding up the development, deepening the reform, and expanding the opening. 1. Lasting trend for sustained and rapid economic growth. China has 1.2 billion people with everrising income and consumption levels and huge market demand, and the Chinese people have the habit of saving. So there are large amounts of bank deposits to

The Changes in World Oil Prices, Monetary Factors, and Foreign Index Toward Composite Index Movement： Indonesian Case for the Period of 2005-2011

Capital market is one of the drivers of the economy through the formation of capital investor excess as well as an indicator of a country＇s economy. Movement of stock price index is often influenced by many factors, derived from the company＇s performance, monetary factor, and changes in world oil prices. This study highlights the problem in world oil prices due to political turmoil in the Middle East. The samples are taken from the Jakarta Composite Stock Price Index （JCI）, oil prices, Indonesian inflation rate, Certificate of Bank Indonesia＇s （CBI） rate, and the reserve assets, during the period from January 2005 to December 2011 （84 months）. Using the data published by the Bank of Indonesia, reports of the Central Bureau of Statistics （Biro Pusat Statistik, BPS）, and other relevant sources, the data analyzed through the Eviews 7.1. The main objective of this study is to examine the effect of oil prices, foreign stock price index, and monetary variables （inflation rate, CBI rate, country＇s foreign reserves, and others） toward the JCI analyzed through the error correction model （ECM）. Hypothesis testing with the F-test for the 95% confidence level indicates that the oil price, exchange rate （Indonesian Rupiah （IDR）/United States Dollar （USD））, CBI rate, foreign exchange reserves, the Dow Jones Index, and the Taiwan stock index, both simultaneously as well as partially have a significant influence on the JCI.

Political Parties' Wisdom and Strength for Global Economic Governance Keynote Speech at "The CPC in Dialogue with the World 2016"

Distinguished Guests Ladies and Gentlemen,Friends,It’s a great pleasure to meet all of you in the autumn of the beautiful city of Chongqing to open a window of dialogue and to have an exchange of ideas.First,on behalf of the Communist Party of China(CPC)and the Chinese government,I would like to extend my warm welcome to you and my congratulations on the opening of'The CPC in Dialogue with the World 2016'.Not long ago,the G20

Beliefs and Economic Growth： Cross National Evidence Based on the World Values Survey (WVS)

This paper is concerned with the relationship between beliefs and economic performance and explains the differences of country performance in global economic growth over the past two decades based on the composite belief index comprising the beliefs on trust,social justice,competition and work-leisure.By influencing personal motivations,beliefs shape society and the institutions and policies of a country in the form of collective ideology.Beliefs demonstrate great differences across countries and change with time,which helps explain the country and intertemporal differences of growth.This paper also found that China s composite belief index is very high,which helps explain China's economic growth miracle.

Impact of the World’s New Technological Revolution on Economic Development and Educational Reform in the Information Age

The fourth industrial revolution of human society is also known as the“world’s new technological revolution,”which has brought human society into the information age and has had an extremely important impact on economic development and educational reform.In the information age,economic development and wealth creation are dominated by the acquisition,mastery,distribution,and utilization of information instead of capital.Therefore,the cultivation of talents is very important,and educational reform is imperative with the rise of the world’s new technological revolution.

Levels of economic developement and the spread of coronavirus disease 2019(COVID-19)in 50 U.S.states and territories and 28 European countries:an association analysis of aggregated data

Background:The coronavirus disease 2019(COVID-19)became a global pandemic within several months after it was first reported at the end of December,2019.Countries in the Northern Hemisphere have been affected the most,including the United States and European countries.Contrary to the common knowledge that infectious diseases are more prevalent in low-and middle-income countries,COVID-19 appears to affect wealthy countries more.This paper attempts to quantify the relationship between COVID-19 infections and levels of economic development with data from the U.S.and Europe.Methods:Public domain data on the confirmed COVID-19 cases during January 1 and May 31,2020 by states and territories in the U.S.and by countries in Europe were included.Incidence rate was estimated using the 2019 total population.COVID-19 cases were associated with 2019 gross domestic product(GDP)using regression models after a logarithmic transformation of the data.The U.S.data and European data were analyzed separately,considering significant heterogeneity between the two.Results:A total of 2451691 COVID-19 cases during a 5-month period were analyzed,including 1787414 from 50 U.S.states and territories and 664277 from 28 European countries.The overall incidence rate was 5.393/1000 for the U.S.and 1.411/1000 for European countries with large variations.Lg(total cases)was significantly associated with lg(GDP)for U.S.states(=1.2579,P<0.001)and European countries(=0.7156,P<0.001),respectively.Conclusion:This study demonstrated a positive correlation between COVID-19 case incidence and GDP in the United States and 28 European countries.Study findings suggest a potential role of high-level development in facilitating infectious disease spread,such as more advanced transportation system,large metropolitan cities with high population density,better domestic and international travel for businesses,leisure,and more group activities.These factors must be considered in controlling the COVID-19 epidemic.This study focuses on the impact of economic development,many other factors might also have contributed to the rapid spread of COVID-19 in these countries and states,such as differences in national and statewide anti-epidemic strategies,people's behavior,and healthcare systems.Besides,low-and middle-income countries may have an artificially low COVID-19 case count just due to lack of diagnostic capabilities.Findings of this study also encourage future research with individual-level data to detect risk factors at the personal level to understand the risk of COVID-19.

BASIC FEATURES AND TRENDS OF THE ECONOMIC BASE OF BEIJING

In China, systematic studies on economic base of a single city are very weak. Based on the 1990 census andrelevant statistics during 1990 - 1994, a comparative study is conducted on Beijing, Shanghai and Tianjin. The majorconclusions are as follows: (1) Beijing is not only the national political and cultural center, but also the national economiccenter, viz the commercial service center and the low water-consuming, light polluting, external economy-typed andknowledge-intensive manufacturing industrial center, which is appropriate for Beijing’s comparative advantage. (2) Thehigh water-consuming, heavy polluting and regional market-oriented industry is overdeveloped as far as Beijing’s scarcewater and other natural resources are concerned. (3) Beijing’s industrial base is smaller, more regional market-based, andthe service base is more diverse, larger and more national market-based than Shanghai’s and Tianjin’ s. (4) With the development of socialist market economy and implemenl of sustainable development strategy, the external economy-typedand knowledge-intensive manufacturing industry with lower input of water and less environmental pollution, and information-intensive service industries will centralize further, and the industry with higher input of water and/or severe environmental pollution will decentralize.

The Current Status of World Protection for Mangrove Forest

Mangrove forests occur extensively in the tropic areas rich in wildlife and other non forestry resources and provide a wide array of raw materials for livelihood and production processes and have been a major source of income generation and subsistence for the local people. Exploitation of timber, fuel wood, poles, industrial raw material, and many other non wood products from the mangrove forests give rise to large scale economic activity and income generation. At present, mangrove forests are facing great peril. Reckless exploitation and swampland reclamation result in their gradual degradation. This article deals with the worlds mangrove forest resources and their benefit to people; describes the current status, points out the main causes of the destruction of these forests, presents proposals for protecting mangrove forests, and discusses international cooperation in protecting the world’s mangrove forests.

A Legal and Economic Study of Cooperation among the BRICS Countries under BRI

With the advancement of economic globalization and regional economic integration, the BRICS countries – Brazil, Russia, India, China and South Africa – by means of the BRICS countries cooperation mechanism, demonstrate a new platform of cooperation, dialogue and the shared aspirations of emerging market countries. The BRICS have created a new model of international economic cooperation which has made significant contributions to the global economic recovery. This article discusses the reality of the BRICS countries' economic cooperation, analyzes their obstacles and deficiencies and puts forward relevant countermeasures and suggestions to further improve their international economic cooperation in perspertive of law and economy.

Insurance market density and economic growth in Eurozone countries:the granger causality approach

Background:This study examines the relationship between insurance market density(IMD)and economic growth.Methods:We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014.We use three different indicators of IMD,namely life insurance density,non-life insurance density,and total insurance density.We particularly emphasize on whether Granger causality runs between IMD and economic growth both ways,one way,or not at all.Results:Our empirical result recognizes the presence of both unidirectional and bidirectional causality between insurance market density and economic growth.However,these results are mostly non-uniform across Eurozone countries.Conclusions:This study holds important policy implications-economic policies should recognize the differences in the insurance market density and economic growth in order to maintain sustainable economic growth in the Eurozone.

Stock prices and economic activity nexus in OECD countries:new evidence from an asymmetric panel Granger causality test in the frequency domain

This study investigates the stock price–economic activity nexus in 12 member countries of the Organization for Economic Cooperation and Development(OECD)by employing monthly data over the period 1981:1–2018:3.For this purpose,the study uses Granger causality in the frequency domain in the panel setting by decomposing the symmetric and asymmetric fluctuations.This methodology determines whether the predictive power of interested variables is concentrated on quickly,moderately,or slowly fluctuating components.Our findings show that the stock prices have predictive power for future long-term economic activity in the panel setting.However,economic activity has more reliable information for stock prices for negative components.Additionally,empirical findings for asymmetric shocks are not fully consistent with those of symmetric ones.Besides,the country-specific results provide different causal linkages across members and frequencies.These findings may provide valuable information for policymakers to design proper and effective policies in OECD countries regarding the stock market and economic activity nexus.

Internationalization and the Creation of New Products and Processes in the Mexican Manufacturing Industry

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.

The Economics of Reorganizing Otolaryngology Out-Patient Services for COVID-19 Pandemic in Low- and Middle-Income Countries

The Coronavirus 2019 (COVID-19) pandemic has widespread implications for clinical practice of otolaryngologists in clinics and hospitals. With various reports of otolaryngology practitioners catching infection, a profound structural reorganization of ENT services in the clinic is mandatory for protecting both patients and healthcare workers. The present study focused on quantifying the cost involved in reorganizing the otolaryngology out-patient services in a third world country during the ongoing Covid-19 pandemic. Though the pandemic has increased the cost of running of an otolaryngology practice world over, the impact is huge in India as penetration of health insurance/social security is minimal. As out of pocket expenditure forms a significant proportion of healthcare spending by majority in India, any transfer of additional cost incurred because of Covid-19 pandemic to the patient will burn a bigger hole in their pocket.

China's Economy Approaching the World Economic Track

The year 1993 was the fifteenth of China’s reform and opening to the outside. Its economy sustained double digit growth for two years running. Last year, domestic GNP was RMB3,138 billion, a 13.4 percent increase compared with the previous year’s 13.2 percent.