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The primary purpose of this paper is to review and evaluate the causes of educational poverty in less developed countries. The basic intent in carrying out such a study is to define and derive the role of governing agencies in deliberately creating educational poverty in the country, so that the private interest of the rich and powerful ruling class can be fully safeguarded. This study is of crucial interest to the common man because majority of the people living in less developed countries are poor in spite of the fact, that almost all these countries own ample human and material resources. However, the common man in these countries is continuously suffering, generation after generation, and has been denied access to basic amenities of life. The rich and powerful ruling class, in majority of the less developed countries, has intentionally denied basic education facilities to its people for keeping them ignorant and unaware of their fundamental rights to share national resources and to gain competence for comfortable living in the society. The paper advocates a complete reversal in economic growth policies of the less developed countries so that top priority is given to those projects and programs that directly benefit the common man in the society. In this respect, the author calls for awareness among the people to exercise their economic and social rights so that people of all the strata can share equally the fruits of growth and prosperity.

This cross-cultural study examined college students' environmental risk perception and their preference in terms of risk communication and educational strategies in China and the United States. The results indicated that the Chinese respondents were more concerned about environmental risk, and they perceived the environmental issues to be more harmful to health, to the environment, and to social economic development of the nation than did the American respondents. Both groups desired transparent communications in decision processes and would support educational strategies that foster behavior change for reduction of environmental risks. On the basis of the findings, the paper discusses the changes that would potentially improve non-formal and formal environmental education in China from the perspectives of program foci and approaches.

Practicing ESG concept is a necessary way for sustainable development of enterprises and an important hand in realizing high-quality economic growth. This paper introduces the hypothesis of "distance attenuation effect" of geo-economics into the research field of corporate ESG performance, and systematically examines the impact of neighboring the Environmental Protection Agency (EPA) on corporate ESG performance by using the data of China's listed companies in the manufacturing industry from 2011 to 2021. It is found that being a neighbor to the EPA has a significant inhibitory effect on corporate ESG performance, which was reduced by 0.196% when the distance between the two was reduced by every 1 km. And the inhibitory effect has a stepwise decreasing characteristic, i.e., it is the strongest at the level of county EPA, followed by municipal EPA, and the smallest at the level of provincial EPA. The mechanism analysis shows that the rent-seeking behavior caused by neighboring with EPA is an important reason for the decline of ESG performance, which verifies the "distance attenuation effect" of rent-seeking difficulty. Although neighboring the EPA improves firms' financial performance, it greatly harms firms' environmental, social and governance performance, which confirms the profit-seeking motive of firms' rent-seeking. In addition, the deterrent effect generated by third-party supervision and digital supervision can inhibit corporate rent-seeking to a certain extent, which helps weaken the negative impact of neighboring the EPA on corporate ESG performance., Competing Interests: Declaration of competing interest None of the authors have a conflict of interest., (Copyright © 2023 Elsevier Ltd. All rights reserved.)

China's export benefits from the significant fiscal stimulus in the United States. This paper analyzes the global spillover effect of the American economy on China's macro-economy using the Markov Chain Monte Carlo (MCMC)-Gibbs sampling approach, with the goal of improving the ability of China's financial system to protect against foreign threats. This paper examines the theories of the consequences of uncertainty on macroeconomics first. Then, using medium-sized economic and financial data, the uncertainty index of the American and Chinese economies is built. In order to complete the test and analysis of the dynamic relationship between American economic uncertainty and China's macro-economy, a Time Varying Parameter-Stochastic Volatility-Vector Autoregression (TVP- VAR) model with random volatility is constructed. The model is estimated using the Gibbs sampling method based on MCMC. For the empirical analysis, samples of China's and the United States' economic data from January 2001 to January 2022 were taken from the WIND database and the FRED database, respectively. The data reveal that there are typically fewer than 5 erroneous components in the most estimated parameters of the MCMC model, which suggests that the model's sampling results are good. China's pricing level reacted to the consequences of the unpredictability of the American economy by steadily declining, reaching its lowest point during the financial crisis in 2009, and then gradually diminishing. After 2012, the greatest probability density range of 68% is extremely wide and contains 0, indicating that the impact of economic uncertainty in the United States on China's pricing level is no longer significant. China should therefore focus on creating a community of destiny by working with nations that have economic cooperation to lower systemic financial risks and guarantee the stability of the capital market., Competing Interests: The authors have declared that no competing interests exist., (Copyright: © 2023 Jiamu Hu. This is an open access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.)

This paper presents two competing views on China's growth experience over the past three decades. For the sake of illustrative ease and brevity I label these two opposing views as the Beijing Consensus and the Washington Consensus. The Beijing Consensus interprets China's economic growth as a function of innovations in the state sector, including close financial controls, state ownership of firms, and political controls in favor of economic growth. The Washington Consensus views China's experience much the same as growth experiences elsewhere•that is, as a result of financial liberalization, private entrepreneurship, and political opening. Contrary to the established views among China scholars, this paper argues that the Washington Consensus view fits with the Chinese growth experience better. [ABSTRACT FROM PUBLISHER]

This paper examines the linkages in financial markets during coronavirus disease 2019 (COVID-19) pandemic outbreak. For this purpose, daily stock market returns were used over the period of December 31, 2019-April 20, 2020 for the following economies: USA, Spain, Italy, France, Germany, UK, China, and Romania. The study applied the autoregressive distributed lag (ARDL) model to explore whether the Romanian stock market is impacted by the crisis generated by novel coronavirus. Granger causality was employed to investigate the causalities among COVID-19 and stock market returns, as well as between pandemic measures and several commodities. The outcomes of the ARDL approach failed to find evidence towards the impact of Chinese COVID-19 records on the Romanian financial market, neither in the short-term, nor in the long-term. On the other hand, our quantitative approach reveals a negative effect of the new deaths' cases from Italy on the 10-year Romanian bond yield both in the short-run and long-run. The econometric research provide evidence that Romanian 10-year government bond is more sensitive to the news related to COVID-19 than the index of the Bucharest Stock Exchange. Granger causality analysis reveals causal associations between selected stock market returns and Philadelphia Gold/Silver Index.

The performance of a country's economic development not only increases the gross national product, but is also bound to change with the development of the industrial structure. Using the industrial structure in the United States as a frame of reference in this paper, we compared China's industrial structure system to US's through specific gravity value, the proportion of employment, industrial deviation comparing labor productivity and other indicators. According to the comparison of two in the industry structure and development, it could be summed up that China's first industry proportion continued to decline, but the proportion and structure of the deviation is still high; proportion of secondary industry output value rise slowly, and manufacturing is at the bottom end of the value chain; third industry proportion is too small, and the internal structure of development is imperfect. The traditional service such as catering, wholesale and retail, is still the main issue. Then the paper proposes suggestions to continue to consolidate the status of agriculture as the foundation to improve the educational level of the rural population, restructure secondary industrial to accelerate the development of labor-intensive industries, increase investment in science and technology research; then persist in promoting the production of services, improving the internal structure of the tertiary industry. This article attempts to provide the basis and reference for the Chinese government's industrial restructuring policy. [ABSTRACT FROM AUTHOR]

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In this paper we explore how satellite images of global night lights from year 1992 to 2003 can be used to estimate economic activity at the sub-regional level in the US and China. The night lights based estimates of economic activity are then spatially analysed and compared with subregional economic indicators where available for selected years. We also briefly discuss two theoretical models that shed light on the geospatial patterns reflected by the night light data. The results are presented with a series of maps, charts and tables. Resumen. En este artículo exploramos el uso potencial de imágenes de satélite de la iluminación nocturna global desde 1992 a 2003 para estimar la actividad económica a escala subregional en los EE.UU. y en China. A continuación se analizan espacialmente las estimaciones de la actividad económica basadas en la iluminación nocturna y se comparan con los indicadores económicos subregionales disponibles para los años del estudio. Discutimos también brevemente dos modelos teoréticos que podrían ilustrar los patrones geoespaciales que reflejan los datos de iluminación nocturna. Los resultados se presentan junto con una serie de mapas, gráficos y cuadros. [ABSTRACT FROM AUTHOR]

Several charts and tables are presented including gross domestic product (GDP) growth rates, dynamic conditional correlations of China and the U.S. and quantile process estimates.

Highlights • The internal relationship between decoupling theory and EKC hypothesis was studied. • A two-dimensional decoupling theory was established. • China and US were taken as a case to study. Abstract The current decoupling theory cannot distinguish the decoupling state of a region with different economic development level. To overcome this problem, this paper first studies the internal relationship between decoupling theory and EKC hypothesis. Furthermore, we establish a two-dimensional decoupling theory of economic development and CO 2 emissions. Finally, taking China and US as a case, this theory is used to explore the decoupling relationship between economic development and CO 2 emissions over the period 1965–2016. If the EKC curve satisfies the inverted U type characteristic, the critical point between strong decoupling and weak decoupling can be approximately obtained at the extreme point of EKC curve. Based on the Tapio decoupling theory and extreme point of EKC curve, the two-dimensional decoupling model with 16 kinds of decoupling sates is established. For China and the United States, the EKC curve of carbon emissions and per capita GDP satisfies the inverted U type characteristic. The threshold value of per capita GDP for China and the United States are $7999.5 and $50980.52, respectively. At present, China's economy is experiencing a low level of economic development. The development of the United States in 2014–2015 and 2015–2016 presented strong decoupling with high level of economic development. [ABSTRACT FROM AUTHOR]

The rise of China is seen by some observers as a precursor of inevitable hegemonic competition in East Asia. At the very least, it seems likely that China's influence in East Asia will grow at the expense of the United States. Whether this will eventually amount to a form of hegemonic transition is far less clear. It is, therefore, an opportune moment to consider the relative strengths and weaknesses of China and the US in East Asia. This paper suggests that the nature of hegemonic competition and transition is more uncertain and complex than some of the most influential theoretical understandings of hegemony would have us believe. [ABSTRACT FROM AUTHOR]

The article focuses on the rivalry between Great Britain and the U.S. in colonizing China in early and midnineteenth century. According to historians, the inception of U.S. China policy occurred in the nineteenth century during the proclamation of the Open Door policy and the possession of the Philippines as means to access the China market. The federal government colonized China to improve its economy and to increase its international influence in East Asia.

Modern growth theory suggests that more than three-quarters of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, US economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow another few decades of rapid growth in world researchers. Finally, and more speculatively, the shape of the idea production function introduces a fundamental uncertainty into the future of growth. For example, the possibility that artificial intelligence will allow machines to replace workers to some extent could lead to higher growth in the future. [ABSTRACT FROM AUTHOR]

In 2008, the top CO2 emitters were China, United States, and European Union. The rapid growing economy and the heavy reliance on coal in China give rise to the continued growth of CO2 emission, deterioration of anthropogenic climate change, and urgent need of new technologies. Carbon Capture and sequestration is one of the effective ways to provide reduction of CO2 emission and mitigation of pollution. Coal-fired power plants are the focus of CO2 source supply due to their excessive emission and the energy structure in China. And over 80% of the large CO2 sources are located nearby storage reservoirs. In China, the CO2 storage potential capacity is of about 3.6 × 109 t for all onshore oilfields; 30.483 × 109 t formajor gas fields between 900m and 3500m of depth; 143.505 × 109 t for saline aquifers; and 142.67 × 109 t for coal beds. On the other hand, planation, soil carbon sequestration, and CH4-CO2 reforming also contribute a lot to carbon sequestration. This paper illustrates some main situations about CO2 sequestration applications in China with the demonstration of several projects regarding different ways of storage. It is concluded that China possesses immense potential and promising future of CO2 sequestration. [ABSTRACT FROM AUTHOR]

Abstract: Economic contribution rate of education (ECRE) is the key factor of education economics. This article selected China, South Korea, United States and other countries for a total of 15 samples, and put the data of the same period under the framework of soft computing, to simulate the production chain of “education–potential human capital–actual human capital–economic growth”. The basic idea is: Firstly, 15 countries are softly categorized according to the level of science and technology (S&T) progress. Secondly, potential human capital and actual human capital establish the internal correlation (fuzzy mapping) in the same classification, and we conceptualize actual human capital as one production factor, joined with the other two production factors, fixed asset and land, to set up the fuzzy mapping to economic growth., and then calculate economic contribution rate of education of China and foreign by two fuzzy mapping of them. Thirdly, this paper analyzes the present state and differences in the development of education between China and foreign according to different ECRE, and offers proposals for promoting the education in China. [Copyright &y& Elsevier]

Abstract: This article investigates agricultural productivity growth over several decades, emphasizing to a great extent the agricultural economic development condition for the nine agricultural divisions of the United States, and China''s 27 provinces in terms of Malmquist productivity growth index. The paper sets up a technique to make use of two-stage linear programming method, based on sequential production technology, to estimate the most fitted and reliable distance functions in relevant agricultural sectors, and thus to compute the Malmquist productivity indexes. Especially, it proposes to decompose the productivity growth index into two major components, technical progress and efficiency improvement, and their sub-components, to study the sources of growth in productivity. [Copyright &y& Elsevier]

Abstract: The rapid growth of energy consumption in conjunction with economic development during past decades in East Asia, especially China, caused severe air pollution problems at local and regional scales. Understanding of the meteorological conditions for air pollution is essential to the understanding of the formation mechanism of air pollutants and the development of effective emission control strategies to reduce air pollution. In this paper, the Fifth Generation National Center for Atmospheric Research (NCAR)/Pennsylvania State University (PSU) Mesoscale Model (MM5) modeling system is applied to simulate meteorological fields during selected six 1-month periods in 2007/2008 over a triple-nested modeling domain covering East Asia, the eastern China, and Shandong Province at horizontal grid resolutions of 36-, 12-, and 4-km, respectively. MM5 generally reproduces well the observations in the eastern China but performs worse in the western China and northeastern China. Largest biases occur in 2-m temperatures (T2) and wind speed and wind direction at 10-m in haze months (i.e., winter) and daily mean precipitation (Precip) in non-haze months (i.e., summer), due to limitations of the model in simulating snow cover and convective precipitation. Meteorological predictions agree more closely with observations at urban sites than those at the coastal and mountain sites where the model performance deteriorates because of complex terrains, influences of urban heat island effect and land/sea breezes, and higher elevations. Model results at 12-km in Shandong Province show an overall better performance than those at 4- or 36-km while the results at 4-km show worst performance due to inaccurate land use and the model’s incapability in simulating meteorological processes at a fine scale. [Copyright &y& Elsevier]

Overview: Dollar surge brings mixed consequences The strengthening dollar is now becoming a significant factor for global growth and our forecasts. The tradeweighted dollar is up 2.5% over the last month and over 12% on a year ago., Driving the latest rise are growing expectations of US rate hikes while monetary policy in many other major economies is headed in the opposite direction., The beginning of ECB QE has prompted a further slide in bond yields and the euro - which at 1.06/US$ is on course to fulfill our forecast of near-parity by year-end. Weak data in Japan also raises the chance of a further expansion of QE there later this year., We remain relatively positive about the advanced economies: we forecast G7 GDP growth at 2.2% for 2015 and 2.3% next. This month we have revised up German growth for 2015 to 2.4% - a four-year high., Robust US growth and a strong dollar are good news for the advanced economies. US import volume growth firmed to over 5% on the year in January, while the dollar surge potentially boosts the share of other advanced countries in this growing market., But for the emerging economies the picture is mixed. A stronger US may boost exports, but rising US rates are pulling capital away: there has been a slump in portfolio inflows into emergers in recent months. Emerging growth may also suffer from higher costs of dollar funding and a rising burden of dollar debt as currencies soften - the more so if US rates rise faster than markets expect., Moreover, emergers are also under pressure from a slowing China. Chinese import growth has been weak of late and commodity prices remain under downward pressure. A notable casualty has been Brazil, which we have downgraded again this month - GDP is expected to slump 1.1% this year., Emerging GDP growth overall is expected to slip to 3.7% this year, the lowest since 2009. And excluding China, emerging growth will be only 2.2% - the same as the G7 and the worst performance relative to the advanced economies since 1999. [ABSTRACT FROM AUTHOR]

This study explores American college students' stereotypes about Chinese and the influences of mediated information sources and perceived realism of media messages on those stereotypes. Results showed that American college students had positive stereotypes about Chinese but also perceived China as a potential threat to the United States. Students' use of media sources alone did not predict these stereotypes, whereas perceived realism and the interaction between it and media use were important predictors. [ABSTRACT FROM AUTHOR]

This article examines the world's key actors - the US, the EU and China - and analyses their political, economic and security relations as well as their stances on geopolitical and global economic development. Asia-Pacific is investigated as the chief determinant of global development and also, thanks to US-China relations, as the new geopolitical centre of gravity. This research explores the contradictory nature of this relationship, which though mutually beneficial in terms of economic cooperation, shows signs of distrust in political, economic and security relations, generating potential conflict. These actors are promoting many approaches. The dilemma that the US currently faces in this relationship is whether to contain China as a threat or accommodate it as an equal power. The US's potential treatment of China not only influences how China performs in the Asia-Pacific region, but also has repercussions for the EU. The key question for the EU is to what extent it should take on security commitments in the Asia-Pacific region. This article concludes that despite the contradictions in the bilateral relations between the "West" and China, it is desirable to achieve what Kissinger called 'co-evolution of interest.' [ABSTRACT FROM AUTHOR]

The term 'currency manipulator' has been used by the United States to describe the monetary practices of nations such as China and Japan and by Germany to describe U.S. monetary policy. This charge transcends monetary regimes and includes both traditional monetary policy and that in the service of industrial or developmental strategies that center on export led growth. While the latter clearly has a negative effect on employment and economic growth in the rest of the world, the increased international mobility of capital, combined with the wide-spread use of flexible exchange rates, has led to the same external effects from the normal conduct of monetary policy. Acknowledging and dealing with these negative external effects will lead to improved and less tension-filled international economic relations than calling nations 'currency manipulators.'. [ABSTRACT FROM AUTHOR]

This inquiry explores connections between income distribution and economic growth in the United States and China, arguing that in the United States income concentration coupled with financial deregulation became a structural factor contributing to the 2007 financial crisis and to the low growth registered afterwards. In China, despite the recent income concentration, economic growth was supported by public investment decoupling Chinese economic performance from the low rates of economic growth exhibited by the United States. A comparative approach to selected Keynesian transmission mechanisms and their effects on income concentration, domestic demand, and economic growth are considered for the United States and China. [ABSTRACT FROM AUTHOR]

The article discusses the impact of the rise of China as an economic and military player on the U.S. and other countries with Beijing's multilateral goal in gaining leadership in East Asia. It notes that the move prompted the U.S. to not only pay greater attention to promoting regional cooperation, but also actively engage and contribute to building a cooperative mechanism in the region. The profound impact of China's multilateralism on neighboring states is also tackled.

Globalization stimulates local governments in China and the United States to step up their economic development efforts. What strategies are successful and why? Does industry cluster development lead to higher per capita income? What government infrastructure and incentives stimulate and nurture businesses? This article examines local economic development in China and the United States, comparing strategies and outlining challenging issues. Kuotsai Tom Liou of the University of Central Florida finds that local governments must play the leading role in sustainable development, as a partnership approach promotes collaboration among communities, industries, and other government entities. Policy implications and theoretical issues aimed to promote further comparative studies are presented. [ABSTRACT FROM AUTHOR]

The stability of the Chinese economy during the recent world economic crisis has attracted global attention. This essay examines the role of state-owned enterprises in China’s continued successful economic expansion. By comparing these enterprises’ performance with contemporary regulatory policies governing their American counterparts, the author, Yunhua Liu of Nanyang Technological University, finds that China’s strategy trumps that of the United States and concludes that in a transitional, developing economy, the existence of state-owned enterprises offers an adaptive, efficacious strategy. [ABSTRACT FROM AUTHOR]

The authors use a growth accounting framework to examine growth of the rapidly developing Chinese economy. Their findings support the view that, although feasible in the intermediate term, China's recent pattern of extensive growth is not sustainable in the long run. The authors believe that China will be able to sustain a growth rate of 8 to 9 percent for an extended period if it moves from extensive to intensive growth. They next compare potential growth in China with historical developments in the United States and the European Union. They discuss the differences in production structure and level of development across the three economies that may explain the countries' varied intermediate-term growth prospects. Finally, the authors provide an analysis of "green" gross domestic product and the role of natural resources in China's growth. [ABSTRACT FROM AUTHOR]

The article discusses the global economy, which the article asserts is suffering from serious imbalances characterised by a deterioration of the U.S. current account deficit, rapid increases in oil and raw material prices, and excessive international liquidity. The article compares these issues with the rapidly growing Chinese economy, which is suffering from serious imbalances of another kind, characterised by rapid increases in the so-called "twin surpluses" (current account and capital account surpluses), persistence of excessive investment, acute energy shortages, deterioration of the environment, and the rapid widening of income gaps. Programs adopted by the Chinese government aimed at achieving a more balanced and sustainable growth pattern are discussed.

China's 1.2 billion people, combined with a record-breaking twenty years of rapid growth, make it likely that the Middle Kingdom will become the second economic superpower sometime during the twenty-first century. A warning also sums up challenges that face Americans in dealing with that fascinating national array of strengths and weaknesses. When viewed separately, each of the many aspects off policy involving China is difficult — economic, political, military and environmental. However, when one considers the many interrelationships and then add the third part of the triangle — Taiwan — the policy challenges become increasingly complicated. Anyway that one looks at it, China is becoming an important economic power, once again. Using a form of comparing national economies known as purchasing power parity the Chinese economy is now more than half as large as that of the U.S. and larger than Japan's. More conventional measures show China in seventh place, but coming up rapidly. China is now the ninth largest trading nation in the world. It is a major trading partner of the U.S. More than $70 billion of commerce flows each year between two nations.

A composite Quality of Life (QOL) indicator model of five major components-Social, Economic, Energy and Environmental, Health and Education, and National Vitality and Security-was developed. Based on cross-national data of 1975, 32 developed countries and China (Taiwan) were ranked according to their component and overall QOL measures. The influence of income and other variables on QOL was analyzed; it was found that the income variable is not as significantly related to the composite QOL indexes as are other variables and China (Taiwan's) QOL rankings far exceed its per capita income ranking in the international comparison. The U.S. sur- passed all the countries studied in providing its citizens with basic human needs and the highest material standard of living. The national vitality and security component indicated, however, that the U.S. may have lost, militarily and strategically, some of its influence and perceived power to the U.S.S.R. [ABSTRACT FROM AUTHOR]

The article discusses problems of economic growth in the poorer nations that became a major foreign policy concern of the wealthy and powerful nations of the world. The relative progress in the development of the two countries, India and China, is of great significance. There were strong parallels in their preplan structure and strong contrasts between China's totalitarian and India's democratic programs. Their performance relative to one another may influence the programs adopted by other, now less advanced, countries. It will certainly bear upon the United States and Soviet foreign policies. Furthermore, the record of the course of development in these two lands provides a unique opportunity for examining the process of development as such. Structural unemployment, underutilized resources, overurbanization, nonmonetized savings and investment flows-these are illustrative of the types of problems that must be understood and treated if there are to be steady output gains in most of today's underdeveloped areas.