Exploring East Asian Sustainable Governance Via Municipal International Cooperation

2001 ◽  
Vol 16 (1) ◽  
pp. 75-90
Author(s):  
Seung-Ho Ahn
Keyword(s):  
Sustainable Development ◽  
Public Goods ◽  
International Cooperation ◽  
East Asian ◽  
Global Public Goods ◽  
Long Run ◽  
Globalizing World ◽  
The World ◽  
Short Run ◽  
Conceptual Evolution

This paper begins with a look into the emergence of global public goods in a globalizing world and argues for the potential of Municipal International Cooperation (MIC) as an effective vehicle for rectifying the under-provision of global public goods. It continues with a review of the evolution, tools and issues of MIC. Next is an investigation of the conceptual evolution of ‘sustainable development’ as a powerful catchword in current MIC programs and some exemplary cases of MIC in pursuit of sustainable development. Finally, the paper ends with a discussion about the need for an MIC approach to East Asian Sustainable Governance in the years ahead. Our motto, therefore, perhaps should be “Cities of the world unite, you have nothing to lose but your slums, your poverty and your military expendability.” On this note of modest long-run optimism, I had better conclude for fear that the pessimism of short-run catches up with us first.

ECONOMIC GROWTH OF SELECTED EAST ASIAN COUNTRIES: A MACROECONOMIC VIEW OF THEIR DEPENDENCE ON THE US AND EUROPE

2016 ◽  
Vol 61 (05) ◽  
pp. 1550066
Author(s):  
EU CHYE TAN ◽  
CHOR FOON TANG
Keyword(s):  
East Asian ◽  
The United States ◽  
The Other ◽  
Asian Countries ◽  
Modeling Framework ◽  
Long Run ◽  
The Us ◽  
The World ◽  
Short Run ◽  
The One

This paper aims to ascertain whether direct macroeconomic linkages exist between some East Asian (EA) countries on the one hand and the United States (US) and Europe on the other, based upon quarterly real gross domestic product (GDP) series spanning from the early 1990s. Long-run and short-run lead-lag relations are explored within a trivariate modeling framework. Contrary to popular belief, the empirical evidence suggests generally either very nominal or no direct links at all between these EA countries and the US in terms of GDP. Direct links with Europe are completely ruled out. All these would allude to a very limited susceptibility of these EA economies to shocks in the US and Europe, barring a global economic crisis of catastrophic proportions. The growing belief that if China sneezes, the world catches the flu is also not borne out by the empirical results.

An Econometric Analysis on the Relationship between Globalisation and Inequality in South Africa

2020 ◽  
Vol 11 (1) ◽  
pp. 89-89
Author(s):  
Jacques de Jongh
Keyword(s):  
South Africa ◽  
Well Being ◽  
Causality Analysis ◽  
Global Integration ◽  
Development Indicators ◽  
Long Run ◽  
The World ◽  
Distribution Of Resources ◽  
Short Run ◽  
The Impact

Globalisation has had an unprecedented impact on the development and well-being of societies across the globe. Whilst the process has been lauded for bringing about greater trade specialisation and factor mobility many have also come to raise concerns on its impact in the distribution of resources. For South Africa in particular this has been somewhat of a contentious issue given the country's controversial past and idiosyncratic socio-economic structure. Since 1994 though, considerable progress towards its global integration has been made, however this has largely coincided with the establishment of, arguably, the highest levels of income inequality the world has ever seen. This all has raised several questions as to whether a more financially open and technologically integrated economy has induced greater within-country inequality (WCI). This study therefore has the objective to analyse the impact of the various dimensions of globalisation (economic, social and political) on inequality in South Africa. Secondary annual time series from 1990 to 2018 were used sourced from the World Bank Development indicators database, KOF Swiss Economic Institute and the World Inequality database. By using different measures of inequality (Palma ratios and distribution figures), the study employed two ARDL models to test the long-run relationships with the purpose to ensure the robustness of the results. Likewise, two error correction models (ECM) were used to analyse the short-run dynamics between the variables. As a means of identifying the casual effects between the variables, a Toda-Yamamoto granger causality analysis was utilised. Keywords: ARDL, Inequality, Economic Globalisation; Social Globalisation; South Africa

Determinants of Total Factor Productivity in Mexico, Indonesia, Nigeria, and Turkey (1980–2014)

2018 ◽  
Vol 4 (2) ◽  
pp. 192-217 ◽  
Author(s):  
Phillip Akanni Olomola ◽  
Tolulope Temilola Osinubi
Keyword(s):  
Human Capital ◽  
Total Factor Productivity ◽  
Negative Relationship ◽  
Annual Data ◽  
Factor Productivity ◽  
Distributed Lag ◽  
Long Run ◽  
The World ◽  
Government Stability ◽  
Short Run

This study analyzed the macroeconomic and institutional determinants of total factor productivity (TFP) in the MINT (Mexico, Indonesia, Nigeria, and Turkey) countries during the period 1980–2014. Annual data covering the period between 1980 and 2014 were used. Data on real gross domestic product (real GDP), labor force, gross fixed capital formation, foreign direct investment (FDI), human capital, and inflation were sourced from the World Development Indicators published by the World Bank. Also, data on corruption, government stability, and law and order were obtained from the database of International Country Risk Guide. Panel autoregressive distributed lag (PARDL) regression technique was used to estimate the model. Results showed that TFP growth rate declined on average by 1.4 per cent and 1.8 per cent in Mexico and Turkey, respectively, while Indonesia and Nigeria did not experience productivity growth on the average. Results also showed that in the long run, human capital and government stability had positive and significant effects on TFP, while FDI and corruption had negative but significant effects on TFP. In the short run, there existed a significant negative relationship between TFP and inflation. However, the effects of human capital and corruption on TFP were positive and significant. The study concluded that human capital and corruption were key drivers of TFP in the MINT countries both in the long run and short run.

scholarly journals International cooperation during the COVID-19 pandemic

2020 ◽  
Vol 36 (Supplement_1) ◽  
pp. S64-S76 ◽  
Author(s):  
Gordon Brown ◽  
Daniel Susskind
Keyword(s):  
Public Health ◽  
Infectious Disease ◽  
Public Goods ◽  
International Cooperation ◽  
Global Public Goods ◽  
Cooperative Response

Abstract This paper explores the concept of ‘global public goods’ (GPGs) in the context of the ongoing COVID-19 pandemic. It argues that many of the tasks involved in public health, and in particular those involved in the control of an infectious disease like COVID-19, ought to be treated as GPGs that can only be effectively delivered through international cooperation. It sets out what a cooperative response to the COVID-19 pandemic should look like and introduces ideas for further discussion about how it might be financed.

scholarly journals China integrates Asia with the world: an empirical study

2014 ◽  
Vol 7 (2) ◽  
pp. 70-89 ◽  
Author(s):  
Soumyananda Dinda
Keyword(s):  
Economic Integration ◽  
Data Availability ◽  
Trade Integration ◽  
Policy Makers ◽  
Content Type ◽  
Promotion Policies ◽  
Long Run ◽  
The World ◽  
The Usa ◽  
Short Run

Purpose – The aim of this paper was to focus on China’s economic integration with Asia region and the world. It also attempts to find the long-run relation with short-run dynamics of China’s trade in Asia and the world. Design/methodology/approach – The augmented Dickey–Fuller and Phillips–Perron methods are applied to test the time-series properties of the variables. Co-integration technique is used to detect the economic integration of China’s export to the USA and its import from Asian nations using monthly aggregate data from December 2005 to July 2010. Findings – This study observed that empirically China’s export to the USA depends on exchange rate and China’s import from Asia depends on China’s export to the USA. China has double role in international trade – China acts as an attractor of all inputs from Asia, and China exports the final products in international market. This study also reveals that the speed of China’s import from Asia is faster than that of China’s export to the USA. Research limitations/implications – This study has some limitation in terms of data availability, and choice of methodology like the Gravity model Practical implications – The results imply that China’s trade should be treated as an engine of growth in the Asian developing countries and the trade promotion policies should be encouraged. The emerging China will create other opportunities through trade integration with Asia and the world. Social implications – These empirical findings will help policy-makers formulate their policy and design the mechanism for application as per their targets. Originality/value – China is economically integrated with the region and the world. The paper contributes to measure the speed of China’s export and import in short run within Asia and the world. These empirical findings will help policy-makers to formulate their policy and design the mechanism for application as per their targets.

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