Analysis of Current Interregional Industry Transfer and Its Features in China Based on Three Dimensions

2016 ◽  
Vol 04 (03) ◽  
pp. 1650021 ◽  
Author(s):  
Deyou XU
Keyword(s):  
Global Financial Crisis ◽  
Relevant Literature ◽  
Three Dimensions ◽  
Market Forces ◽  
Dynamic Changes ◽  
Factor Endowments ◽  
External Demand ◽  
The Status ◽  
The Global Financial Crisis ◽  
China’S Economy

Imbalanced spatial development of China's economy leads to the transfer of industries between different regions. Such interregional transfer of industries not only reflects the dynamic changes of factor endowments between regions, but also is an important way to promote the development of underdeveloped regions. After the global financial crisis in 2008, along with the deterioration in external demand and expansion of domestic market, as well as driven by market forces and regional policies, China's interregional industry transfer presents new features and trends. Based on the reflections on relevant literature and cases, the author discusses China's industry transfer from three perspectives: why, where, and how to transfer industries, referring to three aspects: the impetus and resistance, scope and direction, as well as patterns and policies of industry transfer, so as to make a comprehensive and in-depth elaboration of the status quo, features and causes of interregional industry transfer in China.

‘Cambiando el chip’: The gendered constellation of subjectivities of the financialisation of remittances in Mexico

2021 ◽  
pp. 0308518X2110061
Author(s):  
Rahel Kunz ◽  
Brenda Ramírez
Keyword(s):  
Development Strategy ◽  
Social Dynamics ◽  
Global Financial Crisis ◽  
Development Aid ◽  
Three Dimensions ◽  
Transnational Families ◽  
Development Models ◽  
Transnational Family ◽  
Global North ◽  
The Global Financial Crisis

In the wake of the global financial crisis and a context of stagnating development aid, the international community now promotes linking remittances to finance as a development strategy, in what has been termed the ‘financialisation of remittances’ (FOR). This article analyses the ways in which the financialisation of remittance manifests in Mexico in gendered ways, and what this tells us about financialisation and financial subjectivation processes beyond the global North. We find that the financialisation of remittance represents a shift from earlier remittance-based development models whereby remittances become linked to financial inclusion and social welfare agendas and the focus is broadened beyond migrant income to diaspora wealth. Focusing on the governing arrangements of the financialisation of remittance, we propose the concept of ‘constellation of subjectivities’ in order to analyse the interrelated and interacting programmatic subjectivities through which the financialisation of remittance manifests in Mexico. Combining this conceptualisation with interdisciplinary feminist insights on financialisation, we analyse the various intersecting social dynamics that weave through such constellations. The analysis – based on document, interview and observation material – finds that the financialisation of remittance in Mexico creates and governs a gendered constellation of financial subjectivities with three dimensions: migrant men, remittance-receiving women and the constitutive outside of the non-transnational family. While most studies tend to focus on transnational families, we demonstrate that non-transnational families are an integral part of the financialisation of remittance. Our analysis destabilises the notion of the universal financial subject and highlights the importance of broadening our analysis of financialisation to constitutive outsides that often fall off the radar.

Twin Peaks Regulation After the Global Financial Crisis: A Reform Model for China?

2017 ◽  
Vol 8 (3) ◽  
Author(s):  
Miao Han
Keyword(s):  
Financial Crisis ◽  
Central Bank ◽  
Financial Services ◽  
Banking Sector ◽  
Global Financial Crisis ◽  
Relevant Literature ◽  
Twin Peaks ◽  
The Global Financial Crisis ◽  
Peak Model ◽  
Twin Peak

AbstractThe global financial crisis (GFC) has been defined as the worst financial crisis after the Great Depression of the 1930s. Reforms underway, as well as debates in discussion, revolve around both regulatory philosophy and approaches towards better supervisory outcomes. One of the most radical institutional reforms took place in the United Kingdom (UK), where the Twin-Peak model replaced the previous fully integrated regulator – the Financial Services Authority (FSA) under the Financial Services Act 2012. This paper argues that China should also introduce twin peaks regulation, but it is rather based on the resources of risk in its financial sector than the direct GFC challenge. In theory, the core arguments focus on the structure of agencies responsible for prudential regulation and the role played by the central bank as well. The Twin-Peak model has been further examined in terms of regulatory objectives and instruments. By method, this paper is a country-specific comparative study; Australia, the Netherlands and the UK are selected to represent different Twin-Peak models. This paper contributes to the relevant literature in two main aspects. First, it has displayed the principal pattern of the Twin-Peak model after detailing the case studies, including the relationship involving in two regulators, central bank and finance minister in particular. Based on this, second, it becomes possible to design a very specific model to reform China’s current sector-based financial monitoring regime. As far as the author knows, until end-2015, this is the first paper which has proposed such a particular model to China. It is argued that the appropriate institutional structure of market regulation should fit well in with a country’s financial market. Accordingly, the Twin-Peak model will be able to balance the regulatory tasks for the over-concentrated risk in China’s large banking sector but the underdeveloped securities market. Even though, regulatory independence will continue to be challenged.

Belén Gopegui’s literature in crisis: Anticipating the literatura de la crisis?

2020 ◽  
Vol 33 (1) ◽  
pp. 9-25
Author(s):  
Maite Usoz de la Fuente
Keyword(s):  
Short Stories ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Job Insecurity ◽  
Status Quo ◽  
The Status ◽  
Key Features ◽  
Financial Crisis Of 2008 ◽  
The Global Financial Crisis

In recent years, and in response to the global financial crisis of 2008, Spain has seen the surge of a new literary sub-genre, that of literatura de la crisis: novels, essays and short stories attempting to reflect and make sense of the crisis and its effects in the country. In this article, I propose that there is an alternative literature in crisis that, while at times overlapping with the aforementioned literatura de la crisis, also antedates it. Such literature shows a concern with socio-economic phenomena such as unemployment and job insecurity, precarity, the effects of globalization or the rise in inequality long before these issues became fashionable. In this article, I analyse four novels by Belén Gopegui that predate the crisis in order to trace the key features of her literature in crisis ‐ chief among them is her meta-literary exploration of her own assimilation of (or possible complicity with) the hegemonic discourses she seeks to critique. Finally, I contend that the vindication of this literature in crisis is timely and relevant not only because of its connection to the booming sub-genre of literatura de la crisis but also because it is only through the radical interrogation of the status quo carried out by this author that the full emancipatory potential of literature and culture may be realized.

Institutional work amidst the financial crisis: emerging positions of elite actors

Organization ◽  
2011 ◽  
Vol 18 (2) ◽  
pp. 187-214 ◽  
Author(s):  
Suhaib Riaz ◽  
Sean Buchanan ◽  
Hari Bapuji
Keyword(s):  
Financial Crisis ◽  
Research Agenda ◽  
Global Financial Crisis ◽  
Critical Discussion ◽  
Status Quo ◽  
Institutional Work ◽  
Mainstream Media ◽  
The Us ◽  
The Status ◽  
The Global Financial Crisis

We draw on the institutional work literature to analyse the rhetoric in mainstream media spawned by the global financial crisis. We identify the emerging positions (status quo, neutral and change) of actors on major themes (policy, practices, recovery and regulation) related to the crisis and the rhetorical processes used (appeals to expert authority, finding someone to blame, use of scenarios, and avoidance of critical discussion) to communicate these positions. We find that academics lead the charge for change in policy, relying mostly on rhetorical processes that involve the use of past scenarios and blame, but also often avoid critical discussion through over-generalization. In contrast, banks focus on changes in practices, mostly using future scenarios, finding specific others to blame, and also appealing to expert authority. The US Federal Reserve takes the lead on maintaining the status quo on regulation-related issues, largely through using various scenarios and appeals to expert authority. We also find a large number of neutral positions and interpret this as tacit support for existing institutions. We conclude by charting out a broader research agenda for further investigation of the actors-institutions interplay, particularly within the context of the financial crisis.

scholarly journals Status and features of the Korean labor market (2008-2018)

2020 ◽  
Vol 2 ◽  
pp. e020002
Author(s):  
Kyungran Kim
Keyword(s):  
Labor Market ◽  
Global Financial Crisis ◽  
Wage Gap ◽  
Structural Characteristics ◽  
Youth Unemployment ◽  
Major Area ◽  
The Status ◽  
Size Of Firms ◽  
The Global Financial Crisis

This article examines the status and structural characteristics of the Korean labor market since the global financial crisis in 2008. Even though the Korean labor market was resilient in the wake of that crisis, there are issues that require attention, which is including high earnings inequality, an aging labor force, increasing non-regular jobs, and rising youth unemployment rates. The Korean workforce has clearly divided not only by type of employment, but also by size of firms (large corporations and SMEs). Therefore, the main problem of employment is basically originated from the deepening dual structure in the labor market. This paper presents a brief characterization of the Korean’s labor market, analyzing in detail the main employment indicators. It also analyzes wage gap, and working conditions by employment type and firm size, focusing on the dual labor market. Additionally, examines the current situation of platform work, which has emerged as a major area of the labor market, and the trend of minimum wage, which has fluctuated in the last two years

scholarly journals Effects of the Global Financial Crisis on the Agency Cost of Islamic Banks and Conventional Banks

2017 ◽  
Vol 4 (1) ◽  
pp. 44
Author(s):  
Talla M Aldeehani
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Gulf Cooperation Council ◽  
Agency Cost ◽  
Islamic Banks ◽  
Empirical Testing ◽  
Before And After ◽  
The Status ◽  
Conventional Banks ◽  
The Global Financial Crisis

In this paper, we investigate the effect of the 2008 global financial crisis on the agency cost (AC) of Islamic banks (IBs) and conventional banks (CBs). Many pioneering scholars (see, for example, Archer et al., 1998) have recognized fundamental differences in the capital structures and risks of IBs compared to CBs and called for more empirical testing of these issues. This effort is in response to those calls. Focusing on AC, we collected data for all Gulf Cooperation Council (GCC) banks satisfying the period from 2001-2014. The data was split into “before” and “after” the 2008 crisis. Although statistically insignificant, the analysis shows higher AC for IB compared to CBs before and after the crisis. However, we provide evidence of significant differences in AC causal models for the two types of banks. For conventional banks, only profitability factors explain variability in AC before and after the crisis. For Islamic banks, however, in addition to profitability, liquidity, deposits and financing facilities matter depending on the status of the economy. We provide further discussions, implications, and recommendations.

The revolutions postponed

2020 ◽  
Vol 3 (2) ◽  
pp. 59-74
Author(s):  
Alexander Ruser ◽  
Keyword(s):  
Scientific Revolution ◽  
Global Financial Crisis ◽  
Scientific Progress ◽  
Theoretical Concepts ◽  
Scientific Revolutions ◽  
New Information ◽  
The Status ◽  
The Global Financial Crisis ◽  
Scientific Facts ◽  
New Evidence

Philosophers of Science have developed sophisti-cated models for explaining how scientific revolu-tions are brought about and more generally how scientists deal with facts that contradict pre-existing assumptions and theoretical concepts. Likewise historians of science and sociologists of knowledge have produced comprehensive studies on how scientific breakthroughs have sparked social revolution and how social factors fostered or hampered scientific developments. However, scientific revolutions and scientific “progress” always seem to be at the center of at-tention. The equally important question of why sometimes new evidence and contradicting evi-dence fail to trigger a scientific revolution has been largely neglected though. Improving our understanding of “called off” or “postponed” rev-olutions not only contributes to analyses of suc-cessful scientific revolutions. Understanding how defenders of the status quo manage to suppress new information and ignore scientific facts is cru-cial to understanding scientific and political con-troversy. This contribution therefore seeks to out-line a conceptual model for probing into the “black box” of scientific revoltions. In addition it will outline a potential framework for analyzing the survival of neoclassic economic theory after the global financial crisis.

scholarly journals Post-Pandemic Recovery and Sustainable Growth in the EU: A Post-Keynesian Approach

2021 ◽  
Vol 2 (1) ◽  
pp. 198
Author(s):  
Alkinoos Emmanouil-Kalos
Keyword(s):  
Global Financial Crisis ◽  
Relevant Literature ◽  
Sustainable Growth ◽  
Paper Briefly ◽  
Turn On ◽  
Insufficient Response ◽  
The Global Financial Crisis ◽  
Sustainable Recovery ◽  
The Eu

Once again, the EMU faces an economic crisis, this time caused by the Covid-19 pandemic. To avoid the mistakes of the insufficient response to the global financial crisis, it is vital that this time the focus will turn on achieving fast, sustainable recovery, instead of contractionary measures that would hinder recovery and long-term growth. This paper briefly presents the basic elements of the Post-Keynesian / Post-Kaleckian framework of analysis for the economic regimes. The concept of the wage-led and profit-led regimes is addressed, based on which it can be assessed what kind of policies are needed in an economy to promote sustainable, long-term growth. As the relevant literature finds that the Euro Area as a whole and most of the Eurozone members are wage-led, it is concluded that the EU needs to design and implement policies that will strengthen the labor share and address the long-standing problem of unemployment. Given the need to counter climate change, the proposed policies should be coordinated and used as tool to achieve the goals set by the European Green Deal.

Bank of Russia and bank supervision: Together forever?

2019 ◽  
pp. 85-98 ◽  
Author(s):  
Oleg V. Buklemishev ◽  
Dmitriy O. Vatolin
Keyword(s):  
Financial Markets ◽  
Global Financial Crisis ◽  
Banking Regulation ◽  
Banking Supervision ◽  
Bank Supervision ◽  
Macroprudential Policies ◽  
The Status ◽  
The Global Financial Crisis ◽  
Phase Out ◽  
The Impact

The paper discusses the feasibility of institutional changes in the Russian banking regulation (supervision). The historical and modern practice of the organization of regulatory activity in financial markets is described. Traditional theoretical arguments in favor of and against combining the functions of monetary policy and banking supervision within the Bank of Russia are considered and analyzed under current conditions. The impact of the global financial crisis is taken into account in terms of the need to institutionalize macroprudential policies and to coordinate them with microprudential policies. Based on this analysis the conclusion is made about the absence of fundamental preconditions for preserving the status quo in relation to banking supervision by the Bank of Russia in the context of considerable costs of correcting its errors. There commendation to phase out seniorage financing of banking supervision is given.

Banks, Exchanges, and Regulators

2020 ◽  
Author(s):  
Ranald C. Michie
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Global Financial Crisis ◽  
Market Forces ◽  
Global Integration ◽  
Challenges And Opportunities ◽  
Financial Crisis Of 2008 ◽  
National Boundaries ◽  
The Global Financial Crisis

In the 1970s global financial markets were controlled by governments, compartmentalized along national boundaries and segregated according to the particular activities they engaged in. All that disintegrated in the decades that followed under the pressure of market forces, global integration, and a revolution in the technology of trading. However, none of the outcomes were inevitable despite the forces at work. Instead, they were the product of decisions taken at the time for a variety of reasons. Banks, exchanges, and regulators were faced with unprecedented challenges and opportunities, as a revolution swept away traditional ways of conducting banking, the methods used to trade in financial markets, and the rules and regulations employed to enforce discipline. One outcome of the scale and pace of the changes that took place was the Global Financial Crisis of 2008, which exposed the fragility of the new structures created. Since then new structures have been put in place and they were put to the test by the consequences of the coronavirus epidemic of 2020. Global financial markets are never at rest and this book captures that world through the perspective of banks, exchanges, and regulators. Nothing like it has been attempted before.

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