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This report shares the findings and lessons learned from an investigation into the economics of disaggregated models for assessing and accrediting informal learners undertaking post secondary education. It presents some key economic and governance challenges for universities to consider in implementing OER assessment and accreditation policies. It also includes discussion of findings from a small-scale survey conducted by two of the authors on perceptions, practices and policies relating to openness in assessment and accreditation in post secondary institutions, with a particular focus on the "OER universitas" (OERu) concept. [This paper was presented at the OpenCourseWare Consortium Global Conference (Ljubljana, Slovenia, April 23-25, 2014).]

This position paper sets out to examine value creation in the engineering enterprise, a process that has mostly been associated with innovation and entrepreneurs. An analysis of the literature on engineering value creation in business studies, engineering and engineering education publications shows that there has been surprisingly little empirical study and thus the means by which most engineers contribute value is unclear in the literature. Analysis of published data and data from studies by the authors in engineering workplaces in Australia, South East Asia and Portugal suggests that the work performed by most engineers has little to do with innovation. Based on these data the authors identify 14 ways in which engineers create value. An important finding is that routine engineering performances by a majority of engineers, not associated with innovation or entrepreneurial activities, not only can be shown to create value, but also to protect accumulated value from inadvertent destruction. The paper outlines the educational implications of these findings and proposes measures that engineering educators can adopt to improve the understanding of engineering graduates about engineering value creation.

How much is hegemony and how much is self-determination in the higher education systems in Southeast Asia? This paper argues that while the question of centre and periphery is still relevant to the analysis of international university systems, the analytical frameworks from which it has arisen may lose viability in the long term. Southeast Asian states are making use of higher education to act in ways that will contribute to the altering of their peripheral position in the global economic and political system. While changes in Southeast Asian higher education are closely tied to global markets and follow what sometimes appears to be a dependent pattern of adaptations driven by Western developed economies, the paper argues that there is also a significant amount of resistance. As Southeast Asian countries adapt in ways that help embed economic globalisation within their national landscape, the manner in which the adaptation occurs is more selective, open, and democratic than before. Moreover, while global communication with core (centre) university systems has been more open and transparent, the system is closed to direct intervention from the outside, making hegemony a less plausible explanation for the manner in which the system is reacting within the new global environment of financial interdependency.

Abstract: Population aging (an increase in the share of the elderly in total population) is occurring in many, if not most, countries in the world, including those in Asia. Both economists and policymakers warn that population aging can have many deleterious effects on a country's economy including a decline in its saving rate, the emergence of a labor shortage, a deterioration in government finances owing to increased spending on old‐age related programs, and reduced innovation and productivity growth. It is therefore imperative for countries to prepare themselves for the advent of an aged society. The emerging and developing countries in Asia are no exception, with the region generally lacking adequate systems in such areas as long‐term care, public pensions, and health insurance. Against this background, an international workshop on “Aging in Asia” was held in Kitakyushu City, Japan, on November 15 to 16, 2016. The workshop was jointly sponsored by the Asian Development Bank Institute and the Asian Growth Research Institute and was organized by Charles Yuji Horioka, Peter J. Morgan, Yoko Niimi, and Guanghua Wan. This special issue of the Review includes nine papers presented at this workshop plus one paper that was not presented there but was written by one of the workshop participants. All of these papers underwent the usual rigorous refereeing process of this Review. [ABSTRACT FROM AUTHOR]

The structure of fiscal expenditure in China has been suffering from over-reliance on a single type, while synchronisation and coordination with economic growth are lacking. This paper studies and analyses fiscal expenditure and green from a theoretical perspective. There is a close link between the structure of fiscal expenditure and green economic growth, and a reasonable and appropriate selection and allocation is conducive to promoting the overall development level of China, while financial resources input is a key consideration in optimising the structure of fiscal expenditure. This paper proposes hypotheses and establishes a regression model after an in-depth study of fiscal expenditure in a provincial economy in Asia in the light of domestic and international literature. Through empirical analysis, a green GDP reflecting economic growth and environmental pollution is synthesised using the principle of output per unit of pollution, and the impact of fiscal expenditure structure on green economic growth in China is empirically tested. [ABSTRACT FROM AUTHOR]

National contributions to science are influenced by a number of factors, including economic capacity, national scientific priorities, science policy, and institutional settings and cultures. Nations do not have equal opportunities to access the global scientific market, and therefore, often seek out international partners with complementary resources and expertise. This study aims at investigating national collaboration strategies, with a focus on research leadership—measured through corresponding authorship—and its relationship with scientific impact. Results show that countries with higher R&D investments are more scientifically independent, and confirm that international collaboration is positively related to citation impact. However, leadership in international collaboration is inversely related with a countries’ share of international collaboration and there is a very little relationship between citation impact and international leadership. For instance, most countries—and particularly those that have fewer resources—have higher scientific impact when they are not leading. This suggests that, despite increasing global participation in science, most international collaborations are asymmetrical, and that the research system remains structured around a few dominate nations. [ABSTRACT FROM AUTHOR]

This paper aims to demonstrate the impact of coal enterprises’ vertical integration on the performance of innovation corporate social responsibility (ICSR) and to elaborate its specific transmission path through financing structure and market power. This paper takes the data of A-share listed coal company from 2008 to 2017 as samples, uses input-output table method to measure the degree of vertical integration, and explores the relationship between the four factors through multiple linear regression and Bootstrap method. We found that: (1) the vertical integration of coal enterprises has positive incentives for the promotion of ICSR. (2) Financing structure and market power play a chain intermediary role in this process of incentive. (3) In areas with high marketization process, vertical integration has more significant incentive effect on ICSR. The paper extends the research on the relationship between vertical integration and innovation, which provides a reference for the improvement of China’s supply-side reform and corporate social responsibility (CSR) fulfillment policy. It is helpful to promote the sustainable development of the coal industry, stimulate the innovation vitality of enterprises, and improve the fulfillment of CSR. [ABSTRACT FROM AUTHOR]

This paper examines the importance of trade openness for attracting Foreign Direct Investment (FDI) inflows, using a sample of 36 developing economies for the period 1990-2008. It provides a direct test of causality between FDI inflows, trade openness and other key variables in developing regions of the world: Latin America, Asia, Africa, CIS (Commonwealth of Independent States) and Eastern Europe. Trade openness is measured by using eight different indicators. The main empirical findings of the panel regression analysis reveal that in the long run, trade openness contributes positively to the inflow of FDI in developing economies.

This study examines generalized trust and trust in institutions in Confucian Asia, covering six countries namely, China, Japan, Singapore, South Korea, Taiwan and Vietnam, and one dependent region, Hong Kong. Using data from the 2006 AsiaBarometer Survey, our study affirms the reliability and validity of using a two-item scale to measure generalized trust. Our analysis suggests that due to demographic differences, there are variations in the level of generalized trust of countries in Confucian Asia, despite the fact that these societies share a similar background in Confucian philosophy. The relationships between generalized trust and political trust, and between generalized trust and trust in public institutions, are weak but positive. The positive relationship between generalized trust and trust in economic institutions is only significant for some of the economies, while trust in international institutions has the weakest relationship with generalized trust for all societies. We conclude the paper with research implications.

Considering accountability, affordability, and access through the experiences in Chile, East Asia, Australia, Croatia, and the United States offers a clear reminder that trends and issues in higher education are often more similar across national contexts than they are distinct. Across higher education, institutions and systems are responding to massification, with concerns related to an often dramatic increase in participation prompting efforts toward quality assurance. That these accountability initiatives require enhanced capacity in institutional research is an essential lesson from the accounts of the five national experiences. In this article, the author provides a few reflections on accountability, affordability, and access worldwide.

Although capitalism is now widely seen to be the world's only remaining form of political economy, most discussion of capitalism is vague regarding what it is and gives it little analytical importance. In this paper, I attempt to determine whether two more explicit conceptions of capitalism– those of Ellen Meiksins Wood and Hernando de Soto– can shed any light on the literature on rural smallholder commodity production in the Asia Pacific, and vice versa. I use the papers collected in this volume to analyse the relevance of‘market dependence’ (Wood) and the various‘mysteries of capital’ (de Soto) for agrarian relations in the Asia Pacific. The paper tries to point towards a definition of capitalism that distinguishes it from such related terms as commercialisation, markets, and globalisation. [ABSTRACT FROM AUTHOR]

In this paper, we aim to establish a mathematical model to design a maximizing social welfare intervention mechanism of healthcare service goods in China. The intervention mechanism is helpful to facilitate the adoption of the healthcare service goods. We consider a research problem that regulates the supply chain system for healthcare service goods by an intervention mechanism, and two intervention strategies composed of demand-growth strategy and subsidy strategy are used to the combination of intervention mechanism. Then this paper presents a new method based on fuzzy set and bilevel programming to design the intervention mechanism. To demonstrate the effectiveness of the proposed model, we conduct a case study for Wudang personalized health package and verify our model by the specific result analysis, the result indicates that our joint intervention mechanism is helpful to achieve the target and increase social welfare. [ABSTRACT FROM AUTHOR]

This paper is about transnational cancer care in Asia. People with terminal diseases such as cancer increasingly escape devastating prognosis of their local regimes of clinical diagnostic truth by traveling to destinations where medicine is more advanced, yet affordable for them, and hence offers a broader scope for hope. The paper suggests that transnational cancer care provides an instructive case of the enormous geographical disparities in the availability of therapies and how this, combined with economies of hope and the marketization of health care, affects patients and their family caregivers. The primary contribution of the paper is the introduction of the concept of relational subjectivities to the health mobilities literature. The findings presented proof that the concept provides a fruitful analytical lens, yielding not only fresh empirical insights but prompting re-conceptualizations of medical travel itself as hopeful, yet risky transnational acts of family care. [ABSTRACT FROM AUTHOR]

The Belt and Road Initiative (BRI), ostensibly a connectivity and developmental program, was launched by the Chinese President Xi Jinping with the primary objective of connecting the common people in Asia through trade, infrastructure and culture. The initiative is designed to enhance connectivity in areas such as trade, infrastructure, investment, capital and people. That said, since its inception, the project seems to confront certain hurdles such as regional geopolitical complexities and launching of other alternative proposals that tend to hamper its progress. As part of the BRI, the BCIM--EC proposes to connect eastern China with South Asia that will also ultimately connect Southeast Asia through different modes for better economic and cultural connectivity. This paper attempts to evaluate the challenges and opportunities of the BCIM--EC project in the context of South and Southeast Asian nations. The paper concludes that the challenges are rather overriding. [ABSTRACT FROM AUTHOR]

Purpose The purpose of this paper is to determine whether the evolution of industry structure in the World Bank’s eight high performing Asian economies (HPAEs) displays the U-shaped relationship between manufacturing concentration and per capita income widely held to foster economic development. Increasingly prosperous HPAEs have long been hailed as models for success by other emerging economies. Focusing on a regional group of high performing economies enables us to relate policies used by successful HPAEs directly to observed patterns of manufacturing diversification and provide policy guidance to emerging economies.Design/methodology/approach A robust locally weighted scatterplot smoothing procedure is employed to generate the U-shaped relationship between manufacturing concentration and level of economic development. Policies used by the most successful HPAEs are discussed.Findings The relationship between manufacturing concentration and level of economic development is found to be U-shaped. Diversification of manufacturing is a prerequisite for successful economic development. Countries further along the economic development path such as Japan, South Korea, and Taiwan made extensive use of active and selective interventionist policies to diversify manufacturing before eventually specializing in a narrower range of export activities.Practical implications Emerging economies should follow examples set by the most successful HPAEs that demonstrated significant government assistance is required to foster economic development.Originality/value The paper is the first to investigate the evolution of manufacturing concentration over the economic development path HPAEs. Success enjoyed by HPAEs holds important lessons for developing and emerging economies. [ABSTRACT FROM AUTHOR]

Largest continent of the world 'Asia' is challenged by the China slowdown after getting in the spotlight due to Prudent Monetary policy, devaluation of Yuan, plunging real estate prices and doubts on the reliablityof published data. The current paper seeks to climb on the hardships which are faced by various Asian countries especially India by virtue of main competitor due to anamoly in the Chinese economy. Also, the paper discusses about the measures adopted by the Government of China and People's Bank Of China to provide stability to the vibrant situation of the country. We find out that the countries having strong macroeconomic fundamentals are able to handle the turmoil else have a big reason to worry. [ABSTRACT FROM AUTHOR]

This paper addresses the effect of English proficiency on economic growth empirically with Barro-type cross-sectional growth regression. The empirical results provide evidence of positive correlation between initial English proficiency and economic growth only for the countries in the Asia and Europe. Therefore, countries with higher levels of English proficiency among the fraction of its population are likely to grow faster. This paper suggests that the ability to absorb knowledge is positively related to the level of English proficiency. It implies that the level of English proficiency can be viewed as a component of human capital. [ABSTRACT FROM AUTHOR]

In recent years, with the rapid development of China's air transport industry and the change in market consumption structure, service quality has become one of the important factors affecting airline revenue. How to formulate a reasonable pricing strategy and maintain competitiveness in the fierce market competition has become an urgent problem for airlines. First, the impact factor of service quality level in the traditional pricing model is introduced and a static price competition model for multi-oligopoly airlines based on service quality is established in this paper. And then, a dynamic pricing model based on service quality of the multi-oligopoly airlines is established. The model incorporates the weight factor of service quality impact, which is used to indicate the weight of the service quality level in the process of airline dynamic pricing. The research results show that the service quality level of airlines has an indispensable influence on its development. Airlines should improve service quality as soon as possible to enhance market competitiveness and achieve sustainable development. [ABSTRACT FROM AUTHOR]

Based on the calculation of the inclusive financial development level of 22 provinces and 4 municipalities in China from 2004 to 2017, this paper uses the Kernel density estimation method to further analyze the evolution of the inclusive financial index. Based on the above analysis, we make empirical analysis of the impact of China's inclusive financial inclusion development index on farmers' entrepreneurship using static panel and dynamic panel estimation method. The empirical conclusions show that there are certain differences in inclusive financial inclusion development level in various provinces in China. Improving the inclusion development level of inclusive finance can better promote farmers' entrepreneurship. Urbanization level, economic openness and regional economic development level have a significant positive effect on farmers' entrepreneurship, while farmers' income and education level have a significant negative effect on farmers' entrepreneurship. It is possible to promote farmers' entrepreneurship by improving the inclusive development level of inclusive finance, combining urbanization, increasing government investment in productive fixed assets, increasing economic openness and improving regional economic development. [ABSTRACT FROM AUTHOR]

While many believe that Asian regionalism lacks institutions, Asia, in fact, is home to a wide range of regional institutions and frameworks. The rise and fall of regional institutions in Asia is an extremely dynamic process. This paper argues that the dynamic nature of Asian regionalism can be explained by a 'regionalism cycle' with regard to membership. The institutional outcomes of regionalism in Asia have been cyclical because the interplay between Japan and the USA has not had a stable equilibrium. This paper tests the hypothesized regionalism cycle using actual cases of regional institutions in the areas of financial cooperation and summit meetings. [ABSTRACT FROM AUTHOR]

This paper offers an assessment of the mainstreaming of fisheries in national development plans and Poverty Reduction Strategy Papers within the Asia-Pacific region. Fisheries and aquaculture in the region make a significant contribution to world fisheries production. Importantly, those directly involved in the sector are predominantly small-scale artisanal producers, a group traditionally regarded as extremely vulnerable in poverty terms. Therefore, mainstreaming - integrating a sector into every stage of the national policy process - may have important welfare implications for those drawing livelihoods from the industry. This paper examines the significance of fisheries and aquaculture to developing Asia-Pacific economies, and evaluates the extent to which the sector has been mainstreamed in national development and poverty reduction strategies using a content analysis framework. We conclude that the representation of fisheries issues, the recognition of sectoral poverty, policy responses, and stakeholder representation, is typically greater than in other fish producing regions, and there are many examples of best practice. [ABSTRACT FROM AUTHOR]

The present paper reexamines the relationship between technological capabilities and FDI decisions at the firm level. The data cover 118 300 Japanese firms in all manufacturing industries. The R&D of Japanese firms has a noticeably weaker relationship with FDI in Asia than with FDI in industrial countries. This finding is confirmed to be robust even when alternative estimation techniques are used and when R&D expenditure data are replaced by patent data. The estimation results also reveal non-negligible fixed entry costs for FDI, a finding consistent with the observation that only approximately 2 percent of the firms invest abroad. [ABSTRACT FROM AUTHOR]

This paper focuses on the growing U.S. current account deficit and the potentially sharp exchange rate movements any future adjustment toward current account balance might imply. The authors argue that the speed at which the U.S. current account ultimately returns toward balance, the triggers that drive that adjustment, and the way in which the burden of adjustment is allocated across Europe and Asia all have enormous implications for global exchange rates. This paper begins by trying to put the recent U.S. experience with current account imbalances in historical perspective. The authors then provide a nontechnical summary of the authors' core three-region model. The paper's final section highlights the main conclusions that the authors draw from the technical analysis.

This paper argues that the relentless logic of commodification has served to undermine a key element of the social cement of contemporary capitalism: home ownership. In addressing this issue, the paper explores the development of the post war ‘social project’ of home ownership with particular reference to mature home ownership societies such as the USA, Japan, Britain and Australia. The paper then outlines the new fault lines and fractures which have emerged in post-crisis home ownership systems and the way in which a more vigorous, financialised private landlordism has emerged from the debris of the subprime meltdown. A key argument is that in a new and more intensified process of housing commodification, the social project promise of home ownership for a previous generation has shifted to a promise of private landlordism for current generations. In summary, the social project of Keynesian-embedded liberalism has been undermined by the economic project of neoliberalism. [ABSTRACT FROM PUBLISHER]

The rise of mega-regionalism in the Asia-Pacific has become a significant development for the region itself as well as the global trading system. Europe, in particular, has a great deal at stake in this process. This paper considers the economic costs of EU exclusion from Asia-Pacific economic cooperation initiatives. [ABSTRACT FROM AUTHOR]

This paper argues that while the main drivers of economic development in the Asia-Pacific region will be a sound development policy and good governance, migration can play a facilitating role at a national, especially at a regional level within countries. It discusses the role of the demographic dividend and Asia-Pacific youth bulges in assisting development in the region and the potential role of migration in that context. It examines the evidence that migration has delivered developmental advantages to sending countries and regions through an analysis of the effects of remittances, diaspora, interactions and return movements. There also is, however, an evidence of brain drain effects having negative impacts. Nevertheless, it concludes that the potential positive effects of emigration on sending countries are being diluted because of poor quality governance of migration systems in the region. These include excessive rent taking at all stages of the migration process, corruption, lack of capacity in migration management and exploitation. The final part of the paper addresses the important issue of what needs to be done if the full potential of international migration to deliver development dividends to sending countries to the region is to be taken advantage of. This includes a change in the attitude towards migration which recognises its potential benefits, a more development-friendly migration policies at origins especially at destinations, capacity building and a parametric improvement in migration management, greater bilateral and multilateral cooperation and more evidence-based decision-making in policy and programme development. A role for Australia in this is also discussed. Migration is not a substitute for good governance and sound socio-economic policy in the development of Asia-Pacific nations, but it can have positive outcomes in poverty reduction and improving the lives and prospects of many people. [ABSTRACT FROM PUBLISHER]

The article discusses a 12-country study regarding estimates of lost revenue resulting from the illicit trade of cigarettes. It is said that such illicit trade has compromised health protective measures as well as government revenue. Results show that the estimated annual revenue loss to illicit cigarette trade is over three times the budget of the World Health Organization (WHO). Findings also suggest that lost revenue is greater than the investments made by the government to control tobacco.

Research in the field of economic development is increasingly engaged with questions of political economy, of how political choices, institutional structures, and forms of governance influence the economic choices made by governments and citizens. We summarize recent developments in the field and introduce a set of papers that illustrate key themes and methodological innovations associated with the ‘new’ political economy of development. [ABSTRACT FROM PUBLISHER]

This paper ranks Asian universities in two related economics fields: international economics and development economics. A key finding is that new latecomers rank atop the two specialty areas of economics. The results of the university ranking also establish that Zipf's law applies to research-based school ranks. [ABSTRACT FROM AUTHOR]

In this paper, price drivers for the Arabian Gulf oil tanker rates were derived from the Bayesian logistic regression to form a leading indicator. A universe of price drivers was filtered based on statistical criteria and speculative backtest results. Results showed that refining margins in Asia, crude production in the Arabian Gulf, the vessel utilisation rate and Brent–Dubai spreads were the most significant price drivers of TD3. A time series of these drivers indicates that Arabian Gulf production has a declining importance relative to the Brent–Dubai spreads since 2004. A vector error correction mechanism analysis of the TD1 and TD3 benchmarks indicates that TD1 returns lag behind TD3 rates. [ABSTRACT FROM AUTHOR]

There is growing acceptance in financial economics that the beta of the Sharpe (1964), Lintner (1965) and Black (1972) Capital Asset Pricing Model (CAPM) is lacking in cross-sectional explanatory power. This paper examines the two most commonly used additional explanatory factors, size and book to market equity in three Asia-Pacific markets where little evidence exists as to their applicability in explaining the cross-sectional of stock returns. This paper tests for evidence of multifactor risk premia from markets outside the US. We find that the overall market factor is highly significant in all the markets and the magnitude of significance of the other two factors (size and book to market equity) varies across countries. We also reject the claim that the multifactor model findings can be explained by the turn of the year effect. At a minimum, these factors do a reasonable job in explaining the variation in security returns. [ABSTRACT FROM AUTHOR]

The major paradigms of the development discourse have recently incorporated the language of rights. To move from the rhetoric of human rights to concretely elaborate the content of rights for informal workers, particularly women, in Asia is the purpose of this paper. Using a rights-based approach to development, the paper takes up the issue of gender-enabling worker rights in the context of developing economies that are increasingly open to external influences. A matrix of rights consisting of the right to work, broadly defined, safe work, minimum income and social security are identified as core issues for informal workers. Further, we focus attention on four specific groups of informal workers: self-employed independent producers and service workers, self-employed street vendors, dependent producers such as homeworkers and outworkers, and dependent wageworkers. Gender-sensitive micro-economic and macro-economic and social polices are identified for each of these segments of the informal workers. The access to economic, market and social reproduction needs are to be addressed simultaneously to ensure the basic matrix of rights for women informal workers in developing countries. Each of the needs of the workers have to be viewed as a right and a system of institutions or mechanisms that will help to bring these rights to the center of policy have to be worked out. The claim of women and informal workers for a voice in the macro policy decisions through representation at the local, national and international levels is at the heart of the rights-based approach. [ABSTRACT FROM AUTHOR]

Background: Out of pocket payments are the predominant method of financing healthcare in many developing countries, which can result in impoverishment and financial catastrophe for those affected. In 2010, WHO estimated that approximately 100 million people are pushed below the poverty line each year by payments for healthcare. Micro health insurance (MHI) has been used in some countries as means of risk pooling and reducing out of pocket health expenditure. A systematic review was conducted to assess the extent to which MHI has contributed to providing financial risk protection to low-income households in developing countries, and suggest how the findings can be applied in the Pakistani setting.Methods: We conducted a systematic search for published literature using the search terms "Community based health insurance AND developing countries", "Micro health insurance AND developing countries", "Mutual health insurance AND developing countries", "mutual OR micro OR community based health insurance" "Health insurance AND impact AND poor" "Health insurance AND financial protection" and "mutual health organizations" on three databases, Pubmed, Google Scholar and Science Direct (Elsevier). Only those records that were published in the last ten years, in English language with their full texts available free of cost, were considered for inclusion in this review. Hand searching was carried out on the reference lists of the retrieved articles and webpages of international organizations like World Bank, World Health Organization and International Labour Organization.Results: Twenty-three articles were eligible for inclusion in this systematic review (14 from Asia and 9 from Africa). Our analysis shows that MHI, in the majority of cases, has been found to contribute to the financial protection of its beneficiaries, by reducing out of pocket health expenditure, catastrophic health expenditure, total health expenditure, household borrowings and poverty. MHI also had a positive safeguarding effect on household savings, assets and consumption patterns.Conclusion: Our review suggests that MHI, targeted at the low-income households and tailored to suit the cultural and geographical structures in the various areas of Pakistan, may contribute towards providing protection to the households from catastrophe and impoverishment resulting from health expenditures. This paper emphasizes the need for further research to fill the knowledge gap that exists about the impact of MHI, using robust study designs and impact indicators. [ABSTRACT FROM AUTHOR]

This paper argues that, apart from exchange-rate aspects, the East Asian economic crisis has looked very similar to a domestic banking crisis arising from boom and bust cycles in bank lending and capital investment. One of the key determinants of the boom-bust cycle in East Asia was the sharp appreciation of the yen against the dollar between the mid-1980s and the mid-1990s, and its subsequent depreciation. Real investment and speculative financial capital within and into East Asia responded too much to the yen movements. The paper also discusses factors behind large medium-term movements in the yen-dollar rate. [ABSTRACT FROM AUTHOR]

This paper discusses recent migration to North America with reference to the 1962 and 1967 Canadian immigration regulations and the 1965 United States Immigration and Nationality Act. Despite the similar emphasis on manpower and kinship criteria as the basis for the admission of immigrants, differences between Canada and the United States exist with respect to the importance of immigration for the respective economies, the organization of immigration, the formal regulations, and the size and composition of migrant streams. After an examination of the volume, origin, and occupational composition of immigration to Canada and the United States, flows between the two countries are studied. The paper concludes with a scrutiny of changes in immigration regulations which are pending in both countries. [ABSTRACT FROM AUTHOR]

This paper presents some of the existing theoretical and empirical findings as to the determinants and measurement of the value of languages and examines if the existing evidence on socio-linguistic choices in the Asian Pacific can be better understood in the light of these findings. The paper presents an economic explanation of the value of a language and shows how changes call occur in it, examines how to measure the value of a language and presents evidence on results obtained using Canadian data. It also assesses the socio- linguistic choices in Asian Pacific countries in the light of the economic approach. We find that English is now the most important language in the Asian Pacific from an economic perspective and that the importance of English, gearing aside countries where it is the mother tongue of the majority of the population, tends to decrease as the size of the country, measured by its population, increases. The evidence also shows that English is more commonly used in 1990 than before and is therefore more often learned by individuals. The increase in the use of English appears to be linked to economic factors as predicted by the analytical framework while the increase in the desire to know English can he linked to its increase in value. [ABSTRACT FROM AUTHOR]

This paper provides a political-economy analysis of the Asian financial crisis, with a focus on the economies of Indonesia, Korea, Malaysia and Thailand. It explains why the crisis affected each of these countries differently and why the responses to the crisis differ between governments. The paper argues that banking crises need not necessarily lead to currency crises. In particular, it provides an argument that, despite its banking crisis. Korea should have avoided a currency crisis because its economic fundamentals were fundamentally sound. That it failed to do so was due to the inertia of the previous government and IMF policies, which have the support of the current government because they are consistent with its political imperative. This paper also examines the roles played by the United States, Japan and China, which are the key regional players in the region, in the crisis. It argues that the behaviour of the key regional players was very much dictated by their domestic and international agendas. [ABSTRACT FROM AUTHOR]

This paper aims to describe the prevalent forms of intimate partner violence (IPV), and the factors associated with IPV among women and men living in the two migrant communities of Baglung district, Nepal. 357 adult women and men were enrolled following a family model, interviewing young married women with daughter-in-law status in the home, their husbands, and mothers-in-law and fathers-in-laws using an electronic questionnaire. Random effects regression modelling compared men and women, as well as young married women with daughter-in-law status and older women with mothers-in-law with status. 28.6% of women had ever experienced physical and/or sexual violence by an intimate partner compared to 18.2% of men ever perpetrated these forms of violence against their wives. Being older, male controlling behaviour and poor relations with husband increased women’s IPV in their lifetime while perceptions that the mother-in-law is kind were protective. Being ashamed of being unemployed and childhood trauma were associated with men perpetrating IPV in their lifetime. Borrowing money or food increased young married women’s lifetime IPV risk while mother-in-law cruelty and male control increased older married women’s lifetime IPV exposure. Factors associated with IPV in the past year among men were being younger, job seeking, experiences of childhood trauma and depression exposure among men while difficulty accessing money for emergencies, holding inequitable gender attitudes, and depression was associated with women’s increased IPV exposure. Unemployment stress, holding inequitable gender attitudes and mother-in-law kindness were associated with young women’s increased IPV risk and hunger, mother-in-law cruelty and depression with older women’s IPV risk. There is a need to critically challenge harmful social and gender norms by using approaches that are sensitive to young married women’s position and unequal gender relations in the family. IPV prevention interventions need to employ a holistic approach that combines changing social and gender norms and improving socioeconomic conditions of women living in migrant communities. [ABSTRACT FROM AUTHOR]

The adoption of the shared prosperity goal by the World Bank in 2013 and Sustainable Development Goal 10, on inequality, by the United Nations in 2015 should strengthen the focus of development interventions and cooperation on the income growth of the bottom 40 percent of the income distribution. This paper contributes to the incipient literature on within-country allocations of development institutions and assesses the geographic targeting of World Bank projects to the bottom 40 percent. Bivariate correlations between the allocation of project funding approved over 2005–14 and the geographical distribution of the bottom 40 as measured by survey income or consumption data are complemented by regressions with population and other potential factors affecting the within-country allocations as controls. The correlation analysis shows that, of the 58 countries in the sample, 41 exhibit a positive correlation between the shares of the bottom 40 and World Bank funding, and, in almost half of these, the correlation is above 0.5. Slightly more than a quarter of the countries, mostly in Sub-Saharan Africa, exhibit a negative correlation. The regression analysis shows that, once one controls for population, the correlation between the bottom 40 and World Bank funding switches sign and becomes significant and negative on average. This is entirely driven by Sub-Saharan Africa and not observed in the other regions. Hence, the significant and positive correlation in the estimations without controlling for population suggests that World Bank project funding is concentrated in administrative areas in which more people live (including the bottom 40) rather than in poorer administrative areas. Furthermore, capital cities receive disproportionally high shares of World Bank funding on average. [ABSTRACT FROM AUTHOR]

This paper develops two-stage inverse data envelopment analysis models with undesirable outputs to formulate resource plans for 16 Chinese listed commercial banks whose outputs are increased and overall efficiency is kept unchanged in the short term. We use these models to meet three different output targets, namely, increasing both the desirable and undesirable outputs by the same percentage, increasing these outputs by different percentages, and increasing only the desirable outputs while keeping the undesirable outputs unchanged. We find that operation cost and interest expense are more flexible than labor in the adjustment process and that deposits have no obvious law of change. The findings of this work provide some suggestions for bank managers. [ABSTRACT FROM AUTHOR]

The deterioration of water quality has become a primary environmental concern worldwide. Understanding the status of water quality and identifying the influencing factors are important for water resources management. However, reported analyses have mostly been conducted in small and focused areas. It is still unclear if factors driving spatial variation in water quality would be different in extended spatial scales. In this paper, we analyzed spatial pattern of inland surface water quality in China using a dataset with four water quality parameters (i.e., pH, DO, NH4+-N and CODMn) and the water quality level. We tested the effects of anthropogenic (i.e., land use and socio-economic) and natural (i.e., climatic and topographic) factors on spatial variation in water quality. The study concluded that the overall inland surface water quality in China was at level III (fair). Water quality level was strongly correlated with CODMn and NH4+-N concentration. In contrast to reported studies that suggested land use patterns were the determinants of inland surface water quality, this study revealed that both anthropogenic and natural factors played important roles in explaining spatial variation of inland surface water quality in China. Among the tested explanatory variables, mean elevation within watershed appeared as the best predictor for pH, while annual precipitation and mean air temperature were the most important explanatory variables for CODMn and DO, respectively. NH4+-N concentration and water quality level were most strongly correlated with the percent of forest cover in watershed. Compared to studies at smaller spatial scales, this study found different influencing factors of surface water quality, suggesting that factors may play different roles at different spatial scales of consideration. Therefore management policies and measures in water quality control must be established and implemented accordingly. Since currently adopted parameters for monitoring of inland surface water quality in China are largely influenced by natural variables, additional physicochemical and biological indicators are needed for a robust assessment of human impacts on water quality. [ABSTRACT FROM AUTHOR]

This paper combines a Granger causality test and a VAR model to investigate the relationships among oil price shocks, global economic policy uncertainty (GEPU), and China’s industrial economic growth. Based on monthly data from 2000 to 2017, we reveal that GEPU and world oil prices jointly Granger cause China's industrial economic growth; world oil prices have a positive effect on China's industrial economic growth, while GEPU has a negative effect. Further analyses investigate the asymmetry effect of oil prices and find that the negative component shows a more significant impact on China's industrial economic growth. The results are robust to different oil price and EPU proxies. [ABSTRACT FROM AUTHOR]

Purpose -- The purpose of this paper is to explore the impact of corruption as an important element of weak governance, with control variables such as inflation rate, openness to trade and dependency ratio on gross domestic product (GDP) per capita income of nine selected countries in Asia and the Pacific. Design/methodology/approach -- This study is based on an annual panel data covering the period from 1985 to 2012, and a simple multiple regression for empirical investigation is used. Both fixed effects and random effects models were used as analytical techniques. Findings -- The study reveals that both corruption and inflation rate are negatively related to GDP per capita and are statistically significant. As to the impacts of the control variables i.e., dependency ratio is found to be negative and openness to trade to be statistically significant which shows a positive impact on GDP per capita. Practical implications -- The results resoundingly confirmed the importance of good governance, therefore, reducing endemic corruption and controlling inflation needs to be among the foremost factors for consideration for policymakers in adopting and implementing macroeconomic and public policies. In order to be most effective in tackling corruption, it is important to get to the root of the problem. In light of the study findings, it is suggested that corruption need to be put under control and economies be made more open to attain more benefits and accelerate economic growth and development. Originality/value -- Explicitly, this study provides some valuable evidence on the linkage between endemic corruption and economic growth in some Asia and the Pacific countries in particular and on developing world in general. Presumably, this is the first inclusive investigation on the subject under the study in the context of Asia and the Pacific countries and will emphatically contribute to the literature as well. [ABSTRACT FROM AUTHOR]

Due to both the environmental impacts and the economic opportunities brought about by climate change, interest in the Arctic is rising in Asia. While there is a growing scholarship analyzing Asian interest in the Arctic, Iceland's reception to this interest has been under-studied. This paper explores Iceland's rising interest in the Arctic and its linked response to growing Chinese overtures toward Iceland and the region. Data were gathered from peer-reviewed literature, policy documents, popular media articles, participant observation at the Arctic Circle conference, and semi-structured interviews from October to December 2013 with a cross-section of Iceland's political, economic, and scientific elite. Results indicate that Iceland is trying to capitalize on the increasing global visibility and economic opportunities in the Arctic while working to ensure regional geopolitical and environmental stability. While Iceland generally welcomes Chinese overtures into Arctic political and scientific spheres, the response to economic overtures is more nuanced. Specifically, Iceland is trying to balance a desire for economic gains, Chinese investment in Icelandic industries, and an associated ability to ‘scale up’ economically with a perceived vulnerability to being dominated by a country which dwarfs Iceland in both size, power, and influence. [ABSTRACT FROM PUBLISHER]

This paper analyses the role of news media in (re)producing geopolitical narratives of food insecurity in relation to the 2007–2008 global food price spike. News content and textual analysis suggests that the media’s representation of the food price spike is partly framed by Western geopolitical anxieties of the ‘threatening rise of Asia’, and features ‘fast growing’ Asian appetites among the main culprits of the crisis. Seeking to explain the widespread circulation of such representation, this paper analyses media-source relationship within the context of market-driven journalism, and suggests that the changing role of news media has in turn contributed to a rapid and uncritical circulation of elite-based interpretation of, and neoliberal geopolitical approach to, food security. The paper points at the importance of critical enquiries into geopolitical representations of food insecurity and of opening media space for a ‘counter-geopolitics of food security’. [ABSTRACT FROM PUBLISHER]

Why has East Asia had such a poor record of regional leadership? This is an important question given the fact that East Asia is synonymous with remarkable economic growth and development. At one level, the absence of indigenous leadership might not seem to matter. And yet, when America’s “long-distance” leadership is in apparent decline and China is actively seeking to assert itself, the question of leadership has assumed renewed importance. This paper considered the nature and importance of leadership and explores its impact in case studies of the Asian financial crisis of the late 1990s and the so-called “global financial crisis” of the late 2000s. At this stage, it is unlikely that China will be able to replace America’s leadership role. [ABSTRACT FROM AUTHOR]

'Hidden hunger' is a term used to describe human deficiencies of key vitamins and minerals, also known as micronutrients. While global in scale, the prevalence of micronutrient deficiencies is particularly high in South Asia despite recent successes in economic growth, agricultural output and health care. The present paper reviews the most recent evidence on patterns and trends of hidden hunger across the region, with a focus on the most significant deficiencies - iodine, Fe, vitamin A and Zn - and interprets these in terms of health and economic consequences. The challenge for South Asian policy makers is to invest in actions that can cost-effectively resolve chronic nutrient gaps facing millions of households. Appropriate solutions are available today, so governments should build on evidence-based successes that combine targeted health system delivery of quality services with carefully designed multisector actions that help promote healthier diets, reduce poverty and ensure social protection simultaneously. [ABSTRACT FROM AUTHOR]

This paper aggregates the state of India–China economic relations with a specific focus on trade at the borders. It explicates the potential for economic activity at the border regions to generate self-sustaining and/or externally linked local development for both countries. By an examination of the existing trade and investment policies and practices, it shows how geographical contiguity is yet to be transformed into opportunity along the India–China border, a practice consistent both with the history of these regions as well as with the blueprints being drawn up for the future of these regions. Informed by the Liberal school of IR theory, the paper studies border trade through the paradigmatic optic of being an important, yet underutilized, avenue of dyadic interaction, and makes a case for upgrading the status of border trade in the overall schema of bilateral trade relations between India and China. [ABSTRACT FROM PUBLISHER]