Five Areas for Sustained High Economic Growth in China

Afierhavingexperiencedtwodecadesofsustainedhigh.economicqrnwthwillithppossibleforChinatoseecontinuedsustainedhigheconomicgrowthinanother10to20years?Followingtheeconomicslowdowninthepastfewyears,manyholdpessimisticviewsonthis.Inaninterviewwithacorresp...

Assessment of Municipal Solid Waste Management in the Farmgate Area of Dhaka North City Corporation

This investigation is focused on conducting a thorough analysis of Municipal Solid Waste Management (MSWM). MSWM encompasses a range of interdisciplinary measures that govern the various stages involved in managing unwanted or non-utilizable solid materials, commonly known as rubbish, trash, junk, refuse, and garbage. These stages include generation, storage, collection, recycling, transportation, handling, disposal, and monitoring. The waste materials mentioned in this context exhibit a wide range of items, such as organic waste from food and vegetables, paper, plastic, polyethylene, iron, tin cans, deceased animals, byproducts from demolition activities, manure, and various other discarded materials. This study aims to provide insights into the possibilities of enhancing solid waste management in the Farmgate area of Dhaka North City Corporation (DNCC). To accomplish this objective, the research examines the conventional waste management methods employed in this area. It conducts extensive field surveys, collecting valuable data through interviews with local residents and key individuals involved in waste management, such as waste collectors, dealers, intermediate dealers, recyclers, and shopkeepers. The results indicate that significant amounts of distinct waste categories are produced daily. These include food and vegetable waste, which amount to 52.1 tons/day;polythene and plastic, which total 4.5 tons/day;metal and tin-can waste, which amounts to 1.4 tons/day;and paper waste, which totals 5.9 tons/day. This study highlights the significance of promoting environmental consciousness to effectively shape the attitudes of urban residents toward waste disposal and management. It emphasizes the need for collaboration between authorities and researchers to improve the current waste management system.

Impact of CEO attributes on corporate reputation,financial performance,and corporate sustainable growth:evidence from India

This article investigates the impact of CEO attributes on corporate reputation,financial performance,and corporate sustainable growth in India.Using static panel data methodology for a sample of NSE listed leading 138 non-financial companies over the time-frame 2011 to 2018,we find that CEO remuneration and tenure maintains significant positive associations with corporate reputation,while duality and CEO busyness are found to be associated with corporate reputation negatively.The results also show that female CEOs and CEO remuneration are associated with corporate financial performance positively,whereas CEO busyness,as expected,holds a significant negative relationship with corporate financial performance.Moreover,the results demonstrate that CEO age is associated with corporate sustainable growth negatively,while tenure appears to have a significant and positive association with corporate sustainable growth.The results are robust to various tests and suggest that in the Indian context,demographic and job-specific attributes of CEOs exert significant influence on corpo-rate reputation,financial performance,and corporate sustainable growth.The empirical findings would provide a basis for the shareholders and companies to identify areas of consideration when appointing CEOs and determining their roles and responsibilities.

How to Sustain the Rapid Growth of China's Economy

Can the rapid growth of China’s economy be sustained? How is it to be sustained? This has become a hot topic in recent years arousing worldwide attention. To understand the reason for this much talked about topic, we have to look at the past 30 years of China’s development, and how it has become an important force in the world economy. Whether

On the Mechanism of Evolution for Enterprise＇s Sustainable Growth Based on the Theory of Self-organization

The capabilities of industry, technology, institution and market power form the model of four-capability structure for enterprise＇s sustainable growth. The firm＇s system has the characteristics of dissipative structure. The process of the formation for the sustainable growth capability is one of self-organization operations. The evolution and development of sustainable growth capability is the result of inter-functions and inter-operations among all the sub-systems. On the whole, the current level of sustainable growth capability, the four-capability structure and the random rise-and-fall elements of the external environment determine the direction, speed and level of transition of sustainable growth capability. The self-organization mechanism of the enterprise＇s sustainable growth can be illustrated by the instability of system evolution, the sequence parameter, the potential function and the nonequilibrium phase transition. Chinese firms must pay attention to industry selecting and positioning, technology innovation, institution reform and cultivation of market power, and accelerate the formation of self-organization and effective operation through the dynamic integration and inter-operation of industry, technology, institution and market power. Only in this way can firms cultivate and develop their sustainable growth capability and realize enterprises＇ sustainable growth finally.

Sustainable Growth for Chemical Industry of Thailand

Map Ta Phut Industrial Estate is an important manufacturing base in Thailand, particularly for the production of steel and for the refining and production of petrochemical products. As Thailand is the leader for petrochemical and refining businesses within the Association of Southeast Asian Nations （ASEAN）, from upstream to intermediate and downstream manufacturing units, Map Ta Phut also plays a major role in chemical and energy development in the region. Not only has Map Ta Phut become a unique and modem industrial complex, which continues to expand rapidly, but it also exemplifies Thailand＇s effort to develop a comprehensive heavy industrial zone. Although industrial expansion has helped to create employment, income, and prosperity for some local communities in the coastal Rayong province, it has also created concern about inequity between areas with fast developing industries and surrounding communities. These concerns eventually led to widespread protests by locals and non-governmental organizations. Despite the adherence by companies to all environmental regulations, especially the environmental impact assessment, and their proactive participation in many activities to improve the province＇s standard of living and quality of life, public concerns have not decreased, Hence, companies must rethink and reposition their pursuit of technological development. They also need to achieve harmony so that industry can coexist with communities and be friendly to the environment as a whole. Astute large companies recognize that achieving a fine balance among the three aspects of life： economy, social, and ecology can be part of a new industrial development strategy.

Sustainability of China＇s Tax Revenue Growth： Experience and Prospect

This paper summarizes the main characteristics of China＇s tax revenue growth during the period of 1994-2010, and probes the causes behind the sustained and rapid growth of China＇s taxation from its sources including the fiscal and taxation system, and tax collection mechanisms. Additionally, the author lists the major challenges confronting China＇s sustainable tax growth during the ＂12th Five-Year Plan ＂period （2011-2015）, for example, slowed growth in sources of taxation, a mismatched tax system, lagging reform in fiscal structure and the management system, and restrictions in tax collection and administration capacity. The author proposes the following suggestions： 1） a structural taxation reform should be carried out to promote sustainable economic growth and a change in development model, thereby consolidating the source base of taxation; 2） to consolidate the fiscal and taxation system through taxes and fees reform, standardizing the government budget, advancing reform in the tax-sharing system, and optimizing fiscal expenditure; and 3） to strengthen tax collection mechanisms by promoting taxation by law, implementing comprehensive taxation administration in the government, and improving the tax collection capacity.

Overcoming the “reverse transmission mechanism” for sustainable growth

"Reverse transmission mechanism" is a deep-seated problem in China's economy.Understanding it is the key to unraveling the interaction among China's growth mechanism,cycles and policy options.In the new millennium,great changes have occurred in the economic environment and the "reverse transmission mechanism" has shown that it works in different ways.From this approach,this paper concludes that "welfare and administrative spending rigidity" after 2000 has a stronger feature of "reverse transmission," which forces China's economy onto a path of unsustainable expansion.To seek sustainable growth,new reverse transmissions of welfare and administrative spending must be broken.In light of the present phase of development,only by adjusting administrative costs and welfare spending can we balance development,transform the growth pattern,and embark on a sustainable path.

The Sources of Economic Growth in Sub-Saharan African IDB Member Countries

The economic growth in Sub-Sahara African （SSA） IDB member countries has been encouraging over the last decade; however, it is still not high enough to enable these countries to overcome the persistent poverty. There is thus a need to raise substantially real GDP growth rates on a sustained basis, both through the productivity channel and factor accumulation such as labor and capital. This study focuses on ＂the source of economic growth in SSA IDB member countries＂ with the objective of identifying the main driving factors of economic growth in the region using the growth accounting framework and extending the existing analysis both by country and time coverage. The paper is expected to be useful for the policymakers in the region to have a clear picture on the main sources of growth, and thus help them in identifying strategic reform areas of intervention in line with the most binding factors of growth. The data used in this study cover 20 Sub-Sahara African countries covering the period 1990-2012. The data set includes real GDP, labor force, and capital stock. The source of data is the various version of the World Economic Outlook, IMF. Capital stock is estimated using perpetual inventory method and the base year is 1970. In estimating growth accounting model, a translog production function is applied using panel data and random effects model. Empirical results show that the capital accumulation is the most important individual factor in GDP growth （52%） followed by workforce accumulation （39%） while total factor productivity （TFP） accounts for meagre 8%. This suggests that, on average, real GDP growth in Sub-Sahara African countries was driven primarily by factor accumulation with a low level of TFP. In addition, the elasticity of labor was lower than that of capital indicating that the labor played very little role in GDP growth most likely due to unskilled labor force or mismatch of labor skills with the production process. Furthermore, this also adversely affects both the TFP growth and the share of capital growth to the GDP growth. The results indicate that the critical constraint to the economic growth appears to be poor labor skills that lead to both low labor productivity and under-utilization of capital stock.

Management of Public Finance and Sustainable Growth in a Developing Country： The Case of Cameroon

This paper studies the efficiency of the public financial management system in a developing country （Cameroon） by using time series data from 2000 to 2012. It shows the impact of characteristics variables of this sector in the process of sustainable growth. The contribution of these indicators in sustainable development, notably public expenditures, debt servicing or public debt and fiscal revenue is determined by using the Stoehastie Frontier Analysis approach （SFA）. A significant connection between public expenditures, debt servicing and sustainable growth ratio is established by the model studied. The research results show an encouraging but low level of efficiency in State financial management policy. Thus, in order to avoid a sovereign debt crisis that developed countries of Europe are facing these current days, some efforts must continue to be done not only to control the public debt, but also for a better allowance of public expenditures and a good collection of State revenue.

Study on the Problem of Enterprise Sustainable Growth Based on the Creeds of Business Governance in Oriental Management

Academic and management circles have always been concerned about the problem of the enterprise sustainable growth. This paper attempts to discuss the issue from the perspective of creeds of business governance in oriental management. This paper first discusses the creeds of business governance＇s function in the enterprise＇s different growth stages. Then by analyzing the use of creeds in the development of Chinese traditional brand, Tong Ran Tang （TRT）, it is concluded that five enlightenments for Chinese enterprises sustainable development. That is, industriousness and thrift, the heart of benevolence and justice, paying attention to credibility, valuing laws and sustainable innovation.

Spatio-temporal characteristics of regional sustainable economic growth drivers of China

Intellectual capital(IC)has become a universal performance indicator for the socioeconomic development of countries and regions.Based on a review ofnational intellectualcapital(NIC)and regional intellectualcapital(RIC)evaluation literature,we used the regional intellectualcapitalindicator(RICI)as a model for China’s RIC evaluation to indirectly understand China’s potential economic growth drivers.Specifically,we collected statisticaldata of31 provinces(including municipalities and autonomous regions)in China from 2004 to 2016to measure RICI and analyze its dynamic characteristics from temporal and spatial perspectives.In this paper,Delphi analysis was used to construct RICI model,and cluster analysisand exploratory spatial data analysis were used to analyze the temporal and spatial characteristics of RICI in China.The results showedthat RICI,which represents China’s overall economic growth drivers,increases annuallyand is consistent with economic developmentlevelduring the study period.Regarding the geo-spatial space,RICI follows the trend of“high in the east and low in the west”,gradually decreasing from eastern to western China.ForRIC structure,the shape of the radar chart of IC structure located in the eastern coastal areas is usually biased towards strong external relational capital,while that in western China is generally biased towards structural capital.For spatial correlation,China’s RICI has dependence on geographical adjacent space and economic space.Our research can provide policy suggestions for the sustainable development of regional economy from an IC perspective.

SUSTAINABILITY OF ASIA-PACIFIC ECONOMIC GROWTH IN THE COMING CENTURY

Since the advent of the 1990s,there has appeared in the world an East Asia-centered“Asia-Pacific craze”.All people have been paying attention to and study-ing the“East Asian miracle”or the“East Asian phenomenon”.In the whole post-Cold War world,“the scene is uniquely beautiful”in East Asia as is compared withall other regions on earth.It can be said that the region is now in the best time ofits economic and political development in modern history.

Sustainability of Public Debt and Economic Growth in Cote d’Ivoire:is There a Threshold Effect?

The development of Ivorian public debt in recent years has raised concerns.Is its current level capable of boosting the economy or,on the contrary,being at the source of a recession?This paper analyzes the effect of the level of indebtedness on economic growth in Côte d’Ivoire using the Threshold Autoregressive(TAR)model over the period 1970-2018.The results obtained in the short run shed light on the no relationship between public debt and economic growth.In the long run,on the other hand,there is a bi-directional granger causality between public debt and the sustainability of economic growth.The non-linearity between the variables of interest has been studied and the results show the presence of a threshold effect:beyond 48.03 percent of GDP,any increase in public debt by 1%should reduce economic growth by 0.28%.Thus,the study questions the relevance of the criterion set by the WAEMU:public debt<70%of GDP.

Fostering Ecologically Sustainable Growth

IN July,2,400 guests from 35 countries and regions attended the Eco Forum Global Annual Conference Guiyang 2018 in Guiyang,a national forest city in southwest China.The theme of the conference was"Embracing a New Era of

The U.S. Post-crisis Era Sustainable and Balanced Growth Strategy： Policies and Assessment

The financial crisis in 2008 dragged the U.S. economy into the dilemma of imbalanced and sluggish growth. Thus, the federal government carried out the sustainable and balanced growth strategy. This paper draws the framework of U.S. new growth strategy and summarizes the main measures applied in last five years. Further, it assesses the comprehensive strategic effects on economy and finally discusses the future challenges for the U.S..

Resource constraint,sustainable economic growth pattern and transformation of economic system in China

Over the past 20 years, China has made spectacular achievements in economic growth as well as in thetransformation of economic growth pattern. Industrial structure is being updated, and technology is playing a more andmore important role in economic development. The energy and resource consumption in many industries and enterprisesare reducing. However, we should realize that there are still many problems in changing the economic growth pattern,such as high input, high consumption, high discharge, inharmony, recycling difficulty, and low efficiency, which havegreatly impaired and restrict Chinese economic development. Therefore, the fundamental change of the economic growthpattern is inevitable. Based on the analysis on the status quo and the exploit of resources, this paper suggests that thetransformation from unsustainable to sustainable growth is the only choice in changing the economic growth pattern. Inaddition, the transformation should not completely rely on the fundamental effects of market mechanism. We should makefull use of the power of governments to speed up the transformation of economic system.

Multi-Pronged Approach Set to Sustain Growth

The pace of China＇s eco nomic growth slowed for a lourth consecutive month in August. This has been largely attributed to the decline in demand from trading pmmers, most notably, the United States. In response, the government has boosted spending on Infrastruc ture and introduced tax cuts. Another tool enacted by the Chinese Government has been to boost loans to small and medi um sized enterprises （SMEs）.