Chinese Outward Foreign Direct Investment

Author(s):  
Fernanda Ilhéu

In past years, China recorded a fast sustainable economic growth with an estimated average GDP growth rate of 9.7% in the period of 1980-2008, turning China into the world’s second largest economy. With an export oriented economic model, China is the most attractive developing country for FDI flows, both short and long term. In this regard, China has been able to achieve a foreign exchange reserve of US$ 2.2 trillion, the world´s largest reserve currency. Around 50% of this huge reserve is being applied in American bonds, while the remaining supports Chinese health and social security systems, bank solvability, internationalization of their economy, investment in geostrategic positioning, and making foreign aid available to other developing countries. During the 2008 global crisis, China was able to resist better than other major world economies, benefitting from this downturn to implement policies to reduce its economic imbalances. One of these imbalances is the gap between Chinese FDI and OFDI, which is now progressively narrowing. In the near future, OFDI is expected to be larger than FDI, and in this paper, the authors research whether Chinese OFDI can be explained by existing theories or if a new theory is required.

Author(s):  
Fernanda Ilhéu

In past years, China recorded a fast sustainable economic growth with an estimated average GDP growth rate of 9.7% in the period of 1980-2008, turning China into the world’s second largest economy. With an export oriented economic model, China is the most attractive developing country for FDI flows, both short and long term. In this regard, China has been able to achieve a foreign exchange reserve of US$ 2.2 trillion, the world´s largest reserve currency. Around 50% of this huge reserve is being applied in American bonds, while the remaining supports Chinese health and social security systems, bank solvability, internationalization of their economy, investment in geostrategic positioning, and making foreign aid available to other developing countries. During the 2008 global crisis, China was able to resist better than other major world economies, benefitting from this downturn to implement policies to reduce its economic imbalances. One of these imbalances is the gap between Chinese FDI and OFDI, which is now progressively narrowing. In the near future, OFDI is expected to be larger than FDI, and in this paper, the authors research whether Chinese OFDI can be explained by existing theories or if a new theory is required.


Worldview ◽  
1975 ◽  
Vol 18 (7-8) ◽  
pp. 36-39
Author(s):  
Saburo Okita

The economy of Southeast Asia has been in relatively good shape in spite of the instability of the world monetary system, trade deficits, and the worldwide oil crisis. There are promising factors for economic growth, opportunities for employment, and possibilities of rising income. But Asian development presents short-and long-term problems of a very complicated nature. One of the most serious problems is inflation and its impact on the social and political programs of individual countries. At the same time, there are severe shortages of basic commodities, such as oil and food. My own country, Japan, is among those affected.


Significance Last week, its partners in the ‘Quad’ grouping -- the United States, Japan and Australia -- agreed to help increase its vaccine manufacturing and exporting capacity. Each of the Quad members is wary of China, which like India is gifting and selling coronavirus jabs around the world. Impacts India’s manufacturing sector will attract more foreign direct investment. Greater cooperation over supply chains will help strengthen India-Australia ties. Indian pharma will in the long term aim to ease dependence on imports of active pharmaceutical ingredients from China.


2017 ◽  
Author(s):  
Homayoun Fathollahzadeh ◽  
Fabio Kaczala ◽  
Amit Bhatnagar ◽  
William Hogland

The main dilemma of contaminated sediments has been the proper management with reduced environmental footprints. Furthermore, by considering the fact that global warming and climate change may complicate the choice of management options, finding appropriate solutions become extremely critical. In the present work, mining of contaminated sediments to recover valuable constituents such as metals and nutrients is proposed as sustainable strategy, both through enhancing resilience of ecosystem and remediation. Contaminated sediments in the Oskarshamn harbor, southeast of Sweden were collected and analyzed through a modified sequential extraction in order to evaluate the feasibility of metals recovery. The results have shown that among different metals present in the sediments, Cu and Pb can be initially considered as economically feasible to recover. The shifting in the concept of dredging and further remediation of contaminated sediments towards sediment mining and recover of valuable metals can be considered in the near future as a sustainable strategy to tackle contaminated harbor/ports areas. However, it must be highlighted that short and long-term environmental impacts related to such activities should be addressed.


Vaccines ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 582 ◽  
Author(s):  
Kendall Pogue ◽  
Jamie L. Jensen ◽  
Carter K. Stancil ◽  
Daniel G. Ferguson ◽  
Savannah J. Hughes ◽  
...  

The COVID-19 pandemic continues to ravage the world, with the United States being highly affected. A vaccine provides the best hope for a permanent solution to controlling the pandemic. However, to be effective, a vaccine must be accepted and used by a large majority of the population. The aim of this study was to understand the attitudes towards and obstacles facing vaccination with a potential COVID-19 vaccine. To measure these attitudes a survey was administered to 316 respondents across the United States by a survey corporation. Structural equation modeling was used to analyze the relationships of several factors with attitudes toward potential COVID-19 vaccination. Prior vaccine usage and attitudes predicted attitudes towards COVID-19 vaccination. Assessment of the severity of COVID-19 for the United States was also predictive. Approximately 68% of all respondents were supportive of being vaccinated for COVID-19, but side effects, efficacy and length of testing remained concerns. Longer testing, increased efficacy and development in the United States were significantly associated with increased vaccine acceptance. Messages promoting COVID-19 vaccination should seek to alleviate the concerns of those who are already vaccine-hesitant. Messaging directed at the benefits of vaccination for the United States as a country would address the second predictive factor. Enough time should be taken to allay concerns about both short- and long-term side effects before a vaccine is released.


Politics ◽  
2019 ◽  
Vol 40 (3) ◽  
pp. 377-393
Author(s):  
Richard Öhrvall ◽  
Sven Oskarsson

Student mock elections are conducted in schools around the world in an effort to increase political interest and efficacy among students. There is, however, a lack of research on whether mock elections in schools enhance voter turnout in real elections. In this article, we examine whether the propensity to vote in Swedish elections is higher among young people who have previously experienced a student mock election. The analysis is based on unique administrative population-wide data on turnout in the Swedish 2010 parliamentary election and the 2009 European Parliament election. Our results show that having experienced a mock election as a student does not increase the likelihood of voting in subsequent real elections. This result holds when we study both short- and long-term effects, and when we divide our sample into different parts depending on their socio-economic status and study each part separately.


1991 ◽  
Vol 20 (4) ◽  
pp. 485-508 ◽  
Author(s):  
Eithne McLaughlin

ABSTRACTThis paper considers social security policy and structures in relation to the labour market of the late 1980s and 1990s. The paper begins by describing the labour market of the late 1980s and summarising projective descriptions of labour demand in the 1990s. The second section of the paper reports on recent research examining the labour supply behaviour of long term unemployed people, drawing out the role of social security policy and structures therein. The third section of the paper concludes that the role of social security policy is at present essentially reactive rather than proactive; that it does little to address the likely need for labour of certain kinds in the 1990s; and that efforts to address the problem of long term unemployment through social security policy have been largely misdirected. The final section of the paper briefly considers some of the ways in which social security systems can be more proactive and suggests a number of both short term and longer term policy changes which research indicates would be of benefit in the UK.


2017 ◽  
Vol 66 (1) ◽  
Author(s):  
Kristina van Deuverden

Abstract:Public budgets in Germany developed favorable during the last years. Currently there is a broad discussion on how to spend unexpected budget surpluses: tax reductions and a various number of spending purposes are on the agenda. Many of the proposals overlook that existing surpluses partly reflect special developments and are, thus, only temporary. This part of surpluses indicates no scope for tax reductions or lasting expenditure, but it can temporarily be used on investment spending and, thus, can enhance potential growth. In many cases proposals also overlook that the development of public finances in Germany is very heterogeneous. Regarding demographic developments social security systems will face heavy challenges and will have to raise social contribution rates in near future. A medium-term projection indicates an increase of nearly four percentage points till 2025. This dampens economic development and reduces potential growth. Thus, the permanent part of the budget surplus should be used to increase tax transfers to social insurances – especially because a huge volume of non-insurance benefits is still financed within the security system.


Author(s):  
Kendall Pogue ◽  
Jamie Jensen ◽  
Carter Stancil ◽  
Daniel Ferguson ◽  
Savannah Hughes ◽  
...  

The COVID-19 pandemic continues to ravage the world, with the United States being highly affected. A vaccine provides the best hope for a permanent solution to controlling the pandemic. However, to be effective, a vaccine must be accepted and used by a large majority of the population. Structural equation modelling was used to analyze the relationships of several factors with attitudes toward potential COVID-19 vaccination. The survey was administered to 316 respondents across the United States by a survey corporation. Prior vaccine usage and attitudes predicted attitudes towards COVID-19 vaccination. Assessment of the severity of COVID-19 for the United States was also predictive. Approximately 68% of all respondents were supportive of being vaccinated for COVID-19, but side effects, efficacy, and length of testing remained concerns. Longer testing, increased efficacy and development in the United States were significantly associated with increased vaccine acceptance. Messages promoting COVID-19 vaccination should seek to alleviate the concerns of those who are already vaccine-hesitant. Messaging directed at the benefits of vaccination for the United States as a country would address the second predictive factor. Enough time should be taken to allay concerns about both short and long-term side effects before a vaccine is released.


1998 ◽  
Vol 37 (4II) ◽  
pp. 1053-1070 ◽  
Author(s):  
Sohail Jehangir Malik ◽  
Hina Nazli

By highlighting the lack of rigorous evidence and calling for a greater understanding of the interaction of the two processes, a recent study [Nelson et al. (1997)] has called into question the strong perception that poverty is both a consequence as well as a cause of resource degradation.1 This perception which is widely held is strongly evident in the writings of the multilateral development agencies such as the World Bank (1990) and IFAD (1992) and exists despite extensive reviews which indicate that the short- and long-term implications of land degradation are not very clear [see Scherr and Yadav (1995)]. Similarly, while knowledge about poverty is expanding rapidly, thanks in large parts to the massive international focus and resources brought to bear on its understanding in the past ten.........................


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