Go West initiative may increase China’s self-reliance

2020 ◽  
Keyword(s):  
Economic Growth ◽  
Western China ◽  
Foreign Firms ◽  
High Tech ◽  
Foreign Investors ◽  
Content Type ◽  
The Core ◽  
Self Reliance ◽  
Ethnic Tensions ◽  
Self Sufficiency

Significance It is also designed to enable greater reliance on domestic resources and markets in an increasingly hostile international geopolitical environment. Infrastructure is the core of the strategy. Impacts The most visible impact will be the construction of infrastructure, especially in transport, energy and the high-tech sector. Foreign investors are likely to play little if any role in Go West. Some foreign firms may benefit if costs fall and incomes rise in Western China; others will lose out if China’s self-sufficiency increases. Economic growth will not reduce ethnic tensions in Xinjiang and Tibet if ethnic Han benefit disproportionately.

The effect of infrastructure and taxation on economic growth: new empirical assessment

2019 ◽  
Vol 46 (5) ◽  
pp. 1065-1082 ◽  
Author(s):  
José Laurindo de Almeida ◽  
Helder Ferreira de Mendonça
Keyword(s):  
Economic Growth ◽  
Design Methodology ◽  
Panel Data Analysis ◽  
Empirical Literature ◽  
Mobile Telephony ◽  
Indirect Taxation ◽  
Content Type ◽  
The Core ◽  
Long Period ◽  
New Infrastructure

Purpose The purpose of this paper is to contribute to the empirical literature that analyzes the effect of the core infrastructure (telecommunication, electricity and transportation) and indirect taxation on economic growth. Design/methodology/approach The authors present empirical evidence through panel data analysis based on a comprehensive sample of countries (96) over a long period of time (1976 to 2014). Findings The findings confirm the assumption that the core of infrastructure is essential to promote economic growth. Furthermore, indirect taxation is not a tool capable of stimulating growth. In particular, new sectors of the core of infrastructure, such as the internet and mobile telephony, are capable of expanding the effect of infrastructure on growth. Originality/value Based on a sample of 74 countries, we include new infrastructure sectors into the analysis (transportation, fixed telephony, mobile telephony and internet), and verify changes from the 1990s.

Tensions to shape, but not derail, Ivory Coast poll

2015 ◽  
Keyword(s):  
Economic Growth ◽  
Civil War ◽  
Ivory Coast ◽  
Large Scale ◽  
User Fees ◽  
Medium Term ◽  
Foreign Investors ◽  
Content Type ◽  
High User ◽  
Infrastructure Investments

Significance The most serious challenger to President Alassane Ouattara's re-election, N'Guessan's candidacy probably marks the end of election boycotts by FPI, but rifts linger from the 2010-11 civil war. Impacts Large-scale infrastructure investments will facilitate medium-term economic growth, despite possible volatility around the election. Foreign investors are likely to refrain from making major decisions before the poll but inflows will pick up in 2016. High user fees for the new Henri Konan Bedie toll bridge in Abidjan will probably reduce congestion by commuters. High global cocoa prices and robust output (Ivory Coast is the world's largest producer) will buoy government revenues.

China's boom in entrepreneurship comes at a heavy cost

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Rural Areas ◽  
Small Businesses ◽  
High Tech ◽  
Rural Migrants ◽  
Content Type ◽  
Economic Growth Model ◽  
Promotion Policies ◽  
The Government ◽  
Start Ups

Subject Entrepreneurship in China. Significance The government is pinning its hopes on entrepreneurship to foster a new economic growth model and develop the poorer, rural areas of the country. Recent policies take a two-pronged approach, targeting urban graduates and rural migrants separately. Impacts Policies targeting high-tech innovative start-ups have high potential to boost the quality and quantity of economic growth. Entrepreneurship-promotion policies aimed at start-ups and small businesses will mostly benefit already established enterprises. The supply of credit available to entrepreneurs will fail to meet their huge and growing demand for financing.

Modi faces race against time to make reforms work

2020 ◽  
Keyword(s):  
Economic Growth ◽  
Trade Unions ◽  
Foreign Investors ◽  
Content Type ◽  
Downward Spiral

Significance Modi came to power promising liberalising reforms and has staked his reputation on creating a USD5tn economy by 2024. The economy has taken a severe hit from the fallout of the COVID-19 crisis and appears to be in a downward spiral. Impacts Anti-government protests involving farmers’ groups and trade unions will proliferate, but they will not threaten Modi’s hold on power. Modi will step up appeals to foreign investors as he tries to restore economic growth. The alliance led by Modi’s party may have a majority in parliament’s upper house by 2022.

Malaysia will struggle to foster economic growth

2018 ◽  
Keyword(s):  
Economic Growth ◽  
Budget Deficit ◽  
Prime Minister ◽  
Credit Ratings ◽  
Political Support ◽  
Short Term ◽  
Foreign Investors ◽  
Content Type ◽  
Fiscal Management ◽  
Finance Minister

Subject Malaysia's 2019 budget. Significance Finance Minister Lim Guan Eng’s 314.5-billion-ringgit (75-billion-dollar) budget for 2019, tabled earlier this month, will likely be approved in parliament before year-end. The first budget under Prime Minister Mahathir Mohamad anticipates a budget deficit of 3.4% of GDP. Shortly after coming to power this May, Mahathir said he would give way to Pakatan Harapan (PH) coalition partner Anwar Ibrahim within two years. Impacts The PH’s fiscal management will bolster confidence among foreign investors and credit ratings agencies. The lack of budget handouts to rural Malay constituencies could weaken political support for the PH in the short term. Government borrowing will likely become more expensive through 2019. The digital economy tax introduced in the budget will come into effect in 2020. Corruption investigations into missing revenues could result in further legal charges against members of the former government.

Reform will improve foreign firms’ treatment in China

2020 ◽  
Keyword(s):  
Foreign Investment ◽  
Structural Changes ◽  
The United States ◽  
Foreign Firms ◽  
Foreign Investors ◽  
Content Type ◽  
Playing Field ◽  
Investment Law ◽  
The Law ◽  
Over Time

Subject Reform of China's foreign investment law. Significance The new Foreign Investment Law that took effect on January 1 is a response to a slowing economy and pressure from other governments, particularly the United States, to ‘level the playing field’ for foreign investors. Impacts There will not be a flood of new investment as a result of the law, but it will make a difference over time. Companies will have five years to prepare for structural changes as rules specific to foreign-invested companies disappear. The regulations contain few specifics on enforcement, indicating that Beijing is not yet ready to give teeth to the law.

Factors in driving sustained economic growth

2018 ◽  
Vol 34 (8) ◽  
pp. 18-20
Keyword(s):  
Economic Growth ◽  
Competitive Advantage ◽  
Design Methodology ◽  
Reading Time ◽  
High Quality ◽  
Content Type ◽  
Model Driven ◽  
The Core ◽  
Sustained Competitive Advantage ◽  
Pertinent Information

Purpose This paper aims to review the factors in Germany’s economic growth and attributes these to the Mittelstand model driven by Hidden Champions. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Germany’s economic growth can be attributed to the “Mittelstand” model combined with the core strategies of the “Hidden Champions” – manufacturing high quality premium products to dominate market niches, creating and sustaining a highly-skilled labor force and investing in science and technology to maintain a sustained competitive advantage. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

China's Five-Year Plan replaces growth with welfare

2016 ◽  
Keyword(s):  
Economic Growth ◽  
Health Insurance ◽  
Healthcare Sector ◽  
Foreign Firms ◽  
Infrastructure Investment ◽  
Content Type ◽  
Development Indicators ◽  
Insurance Reform ◽  
Health Insurance Reform ◽  
Sustainable Economy

Subject Welfare objectives in China's 13th Five-Year Plan. Significance At the heart of the 13th Five-Year Plan is the long-cherished ambition to make China a 'moderately well-off' society by 2020. In its emphasis on human development indicators rather than economic growth narrowly defined, the Plan demonstrates a determination to shift towards a more inclusive, balanced and sustainable economy. Impacts Opportunities for foreign firms may grow in the healthcare sector. Health insurance reform will emphasise expanding coverage for serious illnesses. Urbanisation policy will focus on slum development and registering existing migrants for welfare coverage. Major infrastructure investment will still be required to provide utilities, transport and housing.

Technology will be key to China’s food self-reliance

2020 ◽  
Keyword(s):  
Artificial Intelligence ◽  
Genetically Modified Crops ◽  
State Ownership ◽  
Market Forces ◽  
Xi Jinping ◽  
Content Type ◽  
Commercial Cultivation ◽  
Self Reliance ◽  
Self Sufficiency ◽  
Moderate Scale

Significance Their view reflects a renewed preoccupation with grain self-sufficiency. As President Xi Jinping put it in July, “the more risks and challenges we face, the more we should fill our bowls with Chinese grain”. Impacts More ‘moderate-scale’ farms, including some run by companies, will replace traditional household plots. State ownership of all farmland will continue, but market forces may be given a greater role. Commercial cultivation of genetically modified crops may finally be on the horizon. Application of artificial intelligence to agriculture will increase, albeit from a very low base.

How core, technical and social components of business relationship value drive customer satisfaction and loyalty in high tech B2B market

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Neeru Sharma
Keyword(s):  
Customer Satisfaction ◽  
High Technology ◽  
High Tech ◽  
Content Type ◽  
The Core ◽  
Relationship Value ◽  
Core Components ◽  
Social Components ◽  
Seller Relationship ◽  
Customer Satisfaction And Loyalty

Purpose This paper aims to investigate to what extent core, technical and social components of relationship value influence customer satisfaction and loyalty in the high technology business to business (B2B) markets. Design/methodology/approach Seven attributes of a high-technology buyer-seller relationship are identified representing the core, technical and social nature of relationship value. A conceptual model is proposed in which customer satisfaction mediates between the relationship value components and the two aspects of customer loyalty – attitudinal and behavioural. The empirical study is conducted in India employing 127 high technology customers. Structural equation modelling and path analysis is used to test the hypothesized linkages and examine the impact of different components. Findings Technical and social components of value influence customer satisfaction to a greater extent than the core components. Whilst behavioural loyalty is more driven by core components, attitudinal loyalty is more influenced by the social component. Satisfaction mediates the links between relationship value components and the two aspects of loyalty. Research limitations/implications Future research could test the modelled linkages in different countries and using larger samples and investigate the supplier perspective. Practical implications The paper provides useful implications for high tech product suppliers to improve their relationship with their customers. Suppliers must develop collaborative product/technology development projects and explore opportunities for personal relationships/rapport building with their customers, whilst delivering a quality product at a competitive price. Originality/value To the best of the authors’ knowledge, the paper is the first in B2B literature to provide an insight of how the different components of relationship value vary in influencing satisfaction and loyalty in a high technology B2B buyer-seller relationship.

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