INTERNATIONAL AND REGIONAL CAPITAL MOBILITY IN LATIN AMERICAN COUNTRIES

This study examines the role of global, regional and domestic saving for domestic investment financing in the panel of Latin American and Caribbean countries along with its three regional integration blocks, namely SICA, Andean Community and MERCOSUR. Panel regression and rolling-window estimation results reveal that global saving is the main source of domestic investment financing in the region of Latin America and the Caribbean, SICA, Andean Community and MERCOSUR. The role of domestic and regional savings is rather limited, implying that there are weak regional and domestic channels that can funnel domestic and regional savings into investment in the analysed samples. The importance of regional agreement saving is insignificant and decreases over the analysed period except for the Andean Community. The results indicate low financial integration of the member-countries within the three regional trade agreements.

Implementation Model of Equity Participation in Regional Development Banks in Indonesia

The purpose of this study is to analyze the implementation of competitive advantage in equity participation in PT Bank Pembangunan Daerah for the period of October 2020 which is still in the category of Commercial Banks Based on Business Activities 1. Specifically, this research also tries to build the best implementation model for regional capital participation to PT Bank Pembangunan Daerah which is integrated with the planning and budgeting system and integrated with regional development priorities. We operate qualitative method which aims to get the real picture by developing a process analysis using direct data sources from informants totaling 27 people with very competent status in the field of regional capital participation at PT Bank Pembangunan Daerah Bengkulu Province and Central Sulawesi Province. Creswell (2009) states that the research process involves questions and procedures that arise, data that is usually collected in a participant setting, data analysis that is constructed inductively from specific to general themes. The results of the study explain that competitive advantage is seen from the substance of the low cost strategy of 25 (twenty five) Regional General Treasurers as Regional Financial Management Officers, there are 20 (twenty) Regional General Treasurers as Regional Financial Management Officers stating that the implementation of competitive advantage is seen from the substance the low-cost strategy is still not optimal (80% of informants), and 5 (five) Regional General Treasurers as Regional Financial Management Officers explain that currently there is no implementation of the low-cost strategy in the series of processes for capital participation in the work area carried out by PT Bank Pembangunan Daerah Bengkulu and in the work area of PT Bank Pembangunan Daerah Sulawesi Tengah (20% Informants). The best implementation model to build the integration of the provincial/district/city government capital participation system into PT Bank Pembangunan Daerah in an optimal and regulatory manner with operations is: Phase 1, capital participation management is integrated with regional regulations on RPJMD, Restra SKPD documents, and RKPD documents. Stage 2, the management of equity participation is implemented in regional regulations concerning APBD, then realized and evaluated in the general meeting of shareholders and/or other coordination meetings.

Study of proposed activities in development of BUMD for regional development

There are still very few regulations governing the development of BUMD, even though the role of BUMD in regional development is very central. The role of BUMD is very strategic in the regional economy and development. One of these studies focuses on describing the function of BUMD in regional development. While the analytical methods used are APKL, USG, and Mc. Namara methods. In this study, the strategic issue in fostering the selected BUMDs is the lack of comprehensive governance of Regional Equity Participation (PMD) in BUMDs. Of the selected strategic issues, the solution is the preparation of Regional Regulations related to PMD governance. On this basis, five activities are proposed to support the realization of governance of regional capital participation, including the preparation of an academic draft study of regional regulations on the governance of regional equity participation in BUMD. From the results of the analysis, it is suggested that considering that BUMD belongs to the regional government and contains a high dose of politics, the PMD process requires a political approach in addition to a systematic technocratic approach.

Terror Capitalism

In Terror Capitalism anthropologist Darren Byler theorizes the contemporary Chinese colonization of the Uyghur Muslim minority group in the northwest autonomous region of Xinjiang. He shows that the mass detention of over one million Uyghurs in “reeducation camps” is part of processes of resource extraction in Uyghur lands that have led to what he calls terror capitalism—a configuration of ethnoracialization, surveillance, and mass detention that in this case promotes settler colonialism. Drawing on ethnographic fieldwork in the regional capital Ürümchi, Byler shows how media infrastructures, the state’s enforcement of “Chinese” cultural values, and the influx of Han Chinese settlers contribute to Uyghur dispossession and their expulsion from the city. He particularly attends to the experiences of young Uyghur men—who are the primary target of state violence—and how they develop masculinities and homosocial friendships to protect themselves against gendered, ethnoracial, and economic violence. By tracing the political and economic stakes of Uyghur colonization, Byler demonstrates that state-directed capitalist dispossession is coconstructed with a colonial relation of domination.

Tax competition and tax base equalization in the presence of multiple tax instruments

The literature on tax competition has argued that tax base equalization, which reduces regional disparities in tax bases, can serve as a means of internalizing horizontal and vertical fiscal externalities. This argument assumes that each government relies on a single tax base (a regional tax on mobile capital and a federal tax on savings). This paper considers the case in which a distortionary labor tax is also available. Internalizing fiscal externalities requires that while the regional capital tax base is fully equalized, a region’s equalization entitlement for the labor tax is positive when its tax base is “larger” than the average tax base of all regions. This efficient tax base equalization system is incompatible with the primary objective of fiscal equalization.

The impact of the regional capital on center-periphery interactions – the case of Lviv and its surrounding region

o analyse the impact of Lviv on centre-periphery interactions the authors calculated the Socio-Economic Development Index for different districts of the region and considered the distance of each district from the regional capital. The Socio-Economic Development Index (Іr) of each district was calculated as the arithmetic mean of indices of its economic (Іе) and social (Іs) development. A strong inverse relationship was found between districts’ indices and their distances from the regional capital (R = –0.69). The indices were used to classify districts into three categories: central, semi-peripheral, and peripheral. The central category includes districts located within a 50-km radius of Lviv and their indices range from 0.5 to 0.7. Semi-peripheral districts are located within the radius of 50-75 km and their Іr values range from 0.3 to 0.5. Peripheral districts are located at the furthest distance from the regional centre, and their Іr values are below 0.3. Because the correlation between the distance from the regional center and index value for some districts was not consistent with the general pattern, two subtypes of districts were also added – core and ancillary. The authors demonstrate that the impact of the regional capital on the socio-economic development of administrative districts decreases with their increasing distance from the regional center. The level of socio-economic development in districts depends, on the one hand, on the strength of impulses generated by the regional center, and on the other hand, is determined by the local economic capacity and ability to absorb the impacts of the regional center and other local growth poles.

Improved Livelihoods on Less Land

The chapter traces the changing economic history of two villages from their status as frontier settlements with abundant land in the 1950s, to poor farming areas ill-endowed with infrastructure, to more prosperous settlements benefitting from commercialized tomato cultivation and good road connections to the regional capital. The wealth is visible in the larger number of higher-quality houses which are being constructed. There are also changes in local perceptions of what wealth and poverty mean. Finally the chapter presents different sorts of strategies which capture the ways in which residents have responded to the opportunities and circumstances around them.

Jihadists in Burkina Faso threaten regional capital

Headline BURKINA FASO: Jihadists threaten regional capital

Migration in rural areas and its effect on labour resources

Introduction. When analysing the labour resources of the Lipetsk Region, we noticed that there have been no significant changes. However, a large number of researches stress that rural areas face a significant population outflow. The analysis of the statistics demonstrated that there is a two-way migration to and from rural areas: while some of the population migrates from rural areas to cities, there are also people who move from cities to rural areas. Therefore, we suggest that the migration processes occurring in rural areas are more complicated. Purpose. The purpose of our study was to determine the scale and direction of migration flows in rural areas, the causes of migration, and the effect of migration on the labour resources in rural areas. Methodology. The study was based on statistical data from Lipetskstat and information on labour resources from the Department of Labour and Employment of the Lipetsk Region. The study employed statistical methods, economic analysis, correlation-regression analysis, interpretation, and logical methods. Results. The study demonstrated that a large portion of the region’s population (up to 20%, including both those leaving and those arriving) is involved in the migration process. In 2012-2018, the migration gain in the rural areas of the Lipetsk Region was 5,867 people, with the overall migration rate being quite high. However, the migration rate varies greatly depending on the municipal body: half of them saw a loss, while others saw a gain. Over half of the migrants move within the region, and a third moved to or from other regions. The factors making a particular rural area attractive for migration are the following: proximity to the regional capital city, industrial areas, good ecology, and good infrastructure. Conclusions. The study demonstrated that migration has little influence on the number of workers in rural areas. The main cause of migration from rural areas is the lack of qualified jobs with competitive salaries.