International Academy of Estate and Trust Law papers: trust arbitration; a call for specialization and an end to the costs and delays of ‘case management’; codification of trustees’ fiduciary and non-fiduciary duties and their powers; comparison of the US Uniform Trust Code and the Chinese Trust Law; differing views of ‘fiduciary duty in the UK and the USA; where the Supreme Court has left Hastings-Bass and Gibbon v Mitchell; China trusts; creative trust litigation; the craft of estate planning; Asia pacific and other regional developments; and a quartet of essential new trust related books from OUP

2014 ◽  
Vol 20 (1-2) ◽  
pp. 1-16
Author(s):  
Tony Molloy ◽  
Toby Graham
2019 ◽  
Vol 5 (2) ◽  
pp. 214-240
Author(s):  
Rob J Gruijters ◽  
Tak Wing Chan ◽  
John Ermisch

Despite an impressive rise in school enrolment rates over the past few decades, there are concerns about growing inequality of educational opportunity in China. In this article, we examine the level and trend of educational mobility in China, and compare them to the situation in Germany, the Netherlands, the UK and the USA. Educational mobility is defined as the association between parents’ and children’s educational attainment. We show that China’s economic boom has been accompanied by a large decline in relative educational mobility chances, as measured by odds ratios. To elaborate, relative rates of educational mobility in China were, by international standards, quite high for those who grew up under state socialism. For the most recent cohorts, however, educational mobility rates have dropped to levels that are comparable to those of European countries, although they are still higher than the US level.


Author(s):  
Alex Stewart

AbstractSome scholars assert that entrepreneurship has attained “considerable” legitimacy. Others assert that it “is still fighting” for complete acceptance. This study explores the question, extrapolating from studies of an “elite effect” in which the publications of the highest ranked schools differ from other research-intensive schools. The most elite business schools in the USA, but not the UK, are found to allocate significantly more publications to mathematically sophisticated “analytical” fields such as economics and finance, rather than entrepreneurship and other “managerial” fields. The US elites do not look down upon entrepreneurship as such. They look down upon journals that lack high mathematics content. Leading entrepreneurship journals, except Small Business Economics Journal (SBEJ), are particularly lacking. The conclusion argues that SBEJ can help the field’s legitimacy, but that other journals should not imitate analytical paradigms.Plain English Summary Academic snobs shun entrepreneurship journals. A goal for snobs is to exhibit superiority over others. For business professors, one way to do this is with mathematically sophisticated, analytical publications. Entrepreneurship journals, Small Business Economics excepted, do this relatively infrequently. These journals focus on the lives, activities, and challenges of diverse entrepreneurs. In the USA, the most elite business schools, compared with not-quite elite business schools, allocate significantly more of their articles to the journals of analytical fields such as economics, and fewer to entrepreneurship journals. This pattern is not found in the UK, where elites may have other ways to signal superiority. These elites, who accommodate entrepreneurship researchers, could pioneer with outputs of both relevance and scholarly quality, through collaboration between their practice-based and research-based professors.


Author(s):  
D.V. Shram ◽  

The article is devoted to the antimonopoly regulation of IT giants` activities. The author presents an overview of the main trends in foreign and Russian legislation in this area. The problems the antimonopoly regulation of digital markets faces are the following: the complexity of determining the criteria for the dominant position of economic entities in the digital economy and the criteria for assessing the economic concentration in the commodity digital markets; the identification and suppression of cartels; the relationship between competition law and intellectual property rights in the digital age. Some aspects of these problems are considered through the prism of the main trends in the antimonopoly policy in the United States, the European Union, the United Kingdom and Russia. The investigation findings of the USA House of Representatives Antitrust Subcommittee against Apple, Google, Amazon and Facebook are presented. The author justifies the need to separate them, which requires the adoption of appropriate amendments to the antimonopoly legislation. The article analyzes the draft law of the European Commission on the regulation of digital markets – Digital Markets Act, reveals the criteria for classifying IT companies as «gatekeepers», and notes the specific approaches to antimonopoly regulation in the UK and the US. The article describes the concepts «digital platform» and «network effects», presented in the «fifth antimonopoly package of amendments», developed in 2018 by the Federal Antimonopoly Service of the Russian Federation, and gives an overview of the comments of the Ministry of Economic Development regarding these concepts wording in the text of the draft law, which formed the basis for the negative conclusion of the regulator. It is concluded that in the context of the digital markets’ globalization, there is a need for the international legal nature antitrust norms formation, since regional legislation obviously cannot cope with the monopolistic activities of IT giants.


Author(s):  
Anatoliy Khudoliy

The article deals with the policy of the United States of America, Peoples’ Republic of China (PRC) and the Russian Federation in the Asia-Pacific Region. Leadership ambitions of the countries became evident in political, economic, military, technological and space spheres especially over the last few years. The purpose of the article is to analyze American-Chinese and Russian-Chinese relationships in the Asia-Pacific and identify reasons for their foreign policy course. Both countries, China and the USA are eager to play leader’s part in the regional politics. The relationships between the PRC and the United States significantly deteriorated, especially during D. Trump presidency. The author draws attention to the US policy and its attempts to strengthen its own positions in the region as well as to China’s economic activity reflected in transport projects, for instance – One Belt, One Road initiative, perceived by Washington as a challenge to its leader’s position. Tensions between two countries increased due to aggressive regional policy of China which claimed sovereignty over few small islands in the South China Sea. Beijing and Washington compete for leadership in the sphere of technology where China is ahead of the USA.


2011 ◽  
Vol 8 (3) ◽  
pp. 233-241
Author(s):  
Yousef Shahwan

Accounting for goodwill is one of the most controversial issues in financial reporting. It has been on the agenda of the International Accounting Standards Board (IASB) as well as the Accounting Standards Board of Australia, the UK, and the US. IASB has also identified accounting for intangible assets (including goodwill) as a high priority. The objective of the present paper is to review the developments of accounting standards for goodwill made by the USA, UK, Canada, Australia, and the IASB. Reference to accounting and financial regulations is made to explore the effect of standard developments in promoting uniformity of practice in accounting for goodwill. Content analysis approach is adopted in this study. It concludes that the current regulations to account for goodwill provide little and further developments are still ahead.


2020 ◽  
Vol 65 (227) ◽  
pp. 67-94
Author(s):  
Oleg Salmanov ◽  
Natalia Babina ◽  
Marina Samoshkina ◽  
Irina Drachena ◽  
Irina Salmanova

The aim of this article is to identify patterns of profitability volatility and to establish the degree of dynamic conditional correlation between the stock markets of developed countries and those of Russia. This issue is important for investment strategies and the international diversification of investments. We use the BEKK-GARCH, CCC-GARCH, and DCCGARCH models and show that the correlation between the Russian stock market and the markets of the USA, UK, Germany, and France has decreased significantly in recent years. We find that while the correlation between the Russian market and the mature European markets is bidirectional, the relationship between the US market and the Russian market is unidirectional. An assessment of the transfer of volatility from all of the mature markets to the Russian market establishes its statistical significance and shows that feedback from the Russian market to the UK and German markets is insignificant. Diversification of international portfolios in the Russian market is recommended.


2019 ◽  
Vol 6 (3) ◽  
pp. 275-298
Author(s):  
Mason Richey

US-led security architectures in the Asia-Pacific and Europe are experiencing pressure due to ongoing geostrategic transformation in these regions, most notably the rapid expansion of China’s power, North Korea’s nuclear brinkmanship and Russia’s renewed aggressive adventurism. These readjustments have often been examined through the prism of changing balance of power between the US-led liberal international forces and revisionist powers aiming to alter the international order. Going beyond this analysis in the literature, this article sheds lights on the ways in which the USA has attempted and is attempting to reshape US-led alliances in the Asia-Pacific and Europe. The article finds that the US-led alliance systems and security partnerships will continue to evolve divergently due both to their different path-dependent identities and the different types of challenges they face regionally.


2020 ◽  
Vol 12 (18) ◽  
pp. 7537 ◽  
Author(s):  
Kirsi Laitala ◽  
Ingun Grimstad Klepp ◽  
Roy Kettlewell ◽  
Stephen Wiedemann

Clothing maintenance is necessary for keeping clothing and textiles functional and socially acceptable, but it has environmental consequences due to the use of energy, water and chemicals. This article discusses whether clothes made of different materials are cleaned in different ways and have different environmental impacts. It fills a knowledge gap needed in environmental assessments that evaluate the impacts based on the function of a garment by giving detailed information on the use phase. The article is based on a quantitative wardrobe survey and qualitative laundry diary data from China, Germany, Japan, the UK and the USA. The largest potential for environmental improvement exists in reducing laundering frequency and in the selection of washing and drying processes, and through a transition to fibres that are washed less frequently, such as wool. Adopting best practice garment care would give larger benefits in countries like the US where the consumption values were the highest, mainly due to extensive use of clothes dryers and less efficient washing machines combined with frequent cleaning. These variations should be considered in environmental assessments of clothing and when forming sustainability policies. The results indicate the benefits of focusing future environmental work on consumer habits and culture and not only technologies.


Author(s):  
Marcia Nathai-Balkissoon ◽  
Kit Fai Pun

As Trinidad and Tobago (T&T) embraces the digital age, one field in which the country must advance is Occupational Safety and Health (OSH). This paper seeks to identify how T&T's Occupational Safety and Health Agency (TTOSHA) addresses e-government (e-gov) through its website, how its approach compares to those used by leading OSH bodies in two first-world countries, the USA (US) and the UK, and how the T&T approach may be improved. The OSH e-gov practices of the US OSHA, UK HSE, and TTOSHA websites are presented. Through a content analysis and comparison exercise, e-gov shortcomings of the TTOSHA site are noted and recommendations for improvement are proposed. The paper's potential benefits include improved accessibility and utility of the TTOSHA site through improved matching of site content to international practice, broader ranges of resource topics and media types, improved responsiveness and connectivity with stakeholders, and better focus on OSH performance through the dissemination of searchable OSH statistics and performance reports.


Édith Piaf ◽  
2016 ◽  
pp. 153-170
Author(s):  
David Looseley
Keyword(s):  
The Us ◽  
The Usa ◽  

The chapter examines the ways in which Piaf has been remembered, commemorated and patrimonialised, from her death to the celebrations of her centenary in 2015. It notes the steady flow of films, songs, plays, documentaries and tribute acts that have been produced about her and at the growing tendency to mark significant anniversaries of her life and death. These phenomena have not been limited to France but have included the UK, the USA and Japan among others. The chapter identifies the ways in which her once transgressive persona has been normalised and legitimated by these processes of commemoration. It also compares the posthumous meanings Piaf has acquired in France, the UK and the US, concluding that the imagined Piaf of today is an intertext.


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