The Overseas Chinese and Late Ch'ing Economic Modernization

1982 ◽  
Vol 16 (2) ◽  
pp. 217-232 ◽  
Author(s):  
Yen Ching-Hwang

China's early economic modernization in the Late Ch'ing period has attracted a great deal of attention from economic historians who have been trying to find out causes for the failure of this attempt, and to measure the impact of Western imperialism. What they have generally ignored is the fact that China at that time was trying to break free from the growing foreign economic control, and to find an alternative to the foreign capital. The alternative was the overseas Chinese capital which, in the belief of the Ch'ing government, was capable of taking over the role of foreign capital in the economic modernization of China. This paper seeks to examine the measures taken by the Ch'ing government to attract overseas Chinese capital, and to analyse why the policy of using overseas Chinese capital failed.

2003 ◽  
Vol 8 (1) ◽  
pp. 65-89
Author(s):  
Muhammad Aslam Chaudhary ◽  
Amjad Naveed

During the last two decades the role of international trade and flow of foreign capital have received considerable attention in the literature. Various studies have examined the impact of export instability and capital instability on economic growth in less developed countries.1 Empirical evidence supports the hypothesis of a deleterious impact of export instability on economic growth. However, some studies also indicated that the relationship was unstable but positive with economic growth.2 Yet there are no systematic empirical investigations into the implied links between export diversification and long-term economic growth, particularly in the case of South Asian countries. The major concern regarding export instability is that it retards economic growth.


2020 ◽  
Vol 12 (9) ◽  
pp. 95
Author(s):  
Andrea Incerpi ◽  
Barbara Pistoresi ◽  
Alberto Rinaldi

This paper analyses the impact of different sources of financing (foreign capital, migrants’ remittances, and domestic banks intermediation) on Italy’s economic development between 1861 and the World War I. Existing literature has analysed the role of these channels of financial intermediation separately, while this paper for the first time considers them in conjunction. Using IRF from a Cholesky identification structure of a VAR model and relying on an original dataset that combines the most recent series of several financial and economic aggregates, this paper shows that investment in Italy was fuelled by a plurality of sources of funding. A crucial role was played by national saving mobilized by domestic banks and also remittances had a significant impact. Our evidence is instead weaker for foreign capital.


2019 ◽  
Vol 25 (2) ◽  
pp. 57-62 ◽  
Author(s):  
Vladislav Krastev ◽  
Blagovesta Koyundzhiyska-Davidkova ◽  
Irina Atanasova

Abstract Nowadays, the topic of corruption is extremely relevant, not only in terms of clarifying its nature and appearance, but also in terms of its impact on business development. Corruption as a phenomenon goes through constant changes from the past to the present. Its growing significance from a resource redistribution tool to a regulator of social mechanisms, plays the role of a risk factor for the economic development of each country. In this context, the role of corruption is crucial for the business. Its importance in the economic and business climate, on one hand limits the input of foreign capital investment and on other hand slows the development of the companies, leading to an incorrect redistribution of their assets. As a result, there are significant losses for the business, as well as there is a disturbance of the economic cycle of the country. At the same time, business is an area predisposed to corruption. There are numerous possibilities for committing crimes and unethical behavior in this area. It is therefore necessary to analyze the impact of corruption on business development. In this regard, the aim of this report is to make a comparative analysis of the impact of corruption on the business in Bulgaria and Romania.


2019 ◽  
Vol 8 (2S3) ◽  
pp. 1447-1454

The objective of this paper is to the study the impact of the amendment of India Mauritius DTAA on foreign investment in India. It provides adetailed analysis of how Mauritius, a small island country became the most favourite route for foreign investor in India during the period 2000 to 2017. The paper identifies the reasons for emergence of Mauritius as the foremost exporter of foreign capital to India and in this context examines the role of the Agreement on Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes of Income and Capital Gains between India and Mauritius (DTAC). In 2016, DTAC was amended and with the implementation of General Anti Avoidance Rule (GARR) from 2017 by India and changes in international taxation zeitgeist due to OECD project on Base Erosion Profit Shifting (BEPS) the Mauritius route faced new challenges. The paper studies the influence of these changes on FPI and FDI investments flow from Mauritius to India.It finds that advantage of Mauritius in FDI and FPI flow has come down in 2018-19 and its share in foreign investment is likely to come down further with the amendment of the DTAC taking full effect from April 2019. However,amendment has given Mauritius a competitive advantage in channelizing debt investment to India as compared to its competitors like Singapore and the Netherlands and in future we may see higher debt investment from Mauritius.


Author(s):  
Wojciech Morawski

The article begins with the genesis of oil extraction and usage in Galicia, and concentrates on the interwar period. It shows the evolution of the usage of oil, from lighting towards combustion engines, and follows the structural problems this posed for the sector. It maps out extraction between particular oil fields, and explores how the profile of production changed over time. Finally, it deals with the role of foreign capital, the processes of monopolisation, and the impact of the sector on the local society.


2020 ◽  
Vol 11 (4) ◽  
pp. 779-798
Author(s):  
Jiří Dokulil ◽  
Boris Popesko ◽  
Ján Dvorský

Research background: The study investigates the initial phase of budgeting process conducted in corporations. The basic concept correlates with findings in scientific literature that describe budgeting as an inefficient tool, burdened by considerable regulation in the preparation and compilation stages. As a consequence, the majority of academics and practitioners have concluded that producing a budget is merely a formality that minimizes wrinkles on the faces of their initiators, while reaping debatable benefits for managerial control. Purpose of the article: This paper compares data from the literature with the actual budgetary practices of companies operating in the Czech Republic. The attention was paid to the detailed aspects of the budgeting process, factors affecting the time it takes to prepare a budget, and the impact of ownership structure, especially the role of foreign ownership and foreign capital, on the level of decentralization in the budgeting process. Methods: The authors examined these topics through a questionnaire completed by 136 respondents, primarily industrial companies based in the country. The subsequent hypotheses were assessed via application of the Z-test. Findings & Value added: The results presented show that the budgeting practices of the Czech firms are not only influenced by traditional factors (e.g. the size of the company and its given economic sector), but also certain other aspects. Essential facets comprise the ownership structure and the share of foreign capital involved, the latter affecting the extent of autonomy of the business as to the budgetary process. This submitted paper can extend the current theory with new findings on the specific nature of budgeting in post-socialist countries with an open economy and the significant influx of foreign capital.


Auditor ◽  
2018 ◽  
Vol 4 (6) ◽  
pp. 56-60
Author(s):  
М. Мусаева ◽  
M. Musaeva

Th e article is devoted to the role of foreign capital in the national banking system. Th e author describes the main positive and negative aspects of its infl uence.


2018 ◽  
Vol 1 (1) ◽  
pp. 37-63
Author(s):  
Friha Linda ◽  
Touamria Rym ◽  
Kherouf Mounir

Through this research paper, we have considered the necessity to shed the light on role of the finance market efficiency in attracting foreign investments. That is through providing different concepts related to the investment and its types, as well as the financial market efficiency, the effect of the governance on disclosure, and its role in attracting foreign investment, all that will be represented through the Qatar market. The results found that the governance level plays an important role in attracting foreign capital through activating the level of disclosure, which is the cornerstone of success for the financial market as well as support success of any investor. The results showed that Qatar market in spite of it is being recently established, it achieved interesting results in attracting investments despite the existence of many obstacles, which block its expansion in the way it is required.    


2018 ◽  
Vol 3 (1-2) ◽  
pp. 3-33
Author(s):  
Michael Facius

Abstract The article explores the role of transcultural encounters for the development of the thought and philology of Shigeno Yasutsugu, an eminent Japanese scholar of history and Chinese learning in 19th-century Japan. It argues that a close look at the impact of Shigeno’s encounters with Western diplomats, Chinese scholar-officials and a German historian illuminates the richness in the biography of a scholar whom the literature has valued predominantly for his role in the introduction of “modern” Western historiography. Through an analysis of the multilayered foundations of his scholarly practice, the article aims to demonstrate the use of a transcultural paradigm in engaging the complexity of the history of knowledge in a period of Western imperialism.


2013 ◽  
Vol 44 (5) ◽  
pp. 311-319 ◽  
Author(s):  
Marco Brambilla ◽  
David A. Butz

Two studies examined the impact of macrolevel symbolic threat on intergroup attitudes. In Study 1 (N = 71), participants exposed to a macrosymbolic threat (vs. nonsymbolic threat and neutral topic) reported less support toward social policies concerning gay men, an outgroup whose stereotypes implies a threat to values, but not toward welfare recipients, a social group whose stereotypes do not imply a threat to values. Study 2 (N = 78) showed that, whereas macrolevel symbolic threat led to less favorable attitudes toward gay men, macroeconomic threat led to less favorable attitudes toward Asians, an outgroup whose stereotypes imply an economic threat. These findings are discussed in terms of their implications for understanding the role of a general climate of threat in shaping intergroup attitudes.


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