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State-Owned Enterprise's Ownership Reform: A Chinese Modernization Approach (China Perspectives)
by Zhigang ZhengIn reviewing the new round of state-owned enterprise (SOE) reforms characterized by mixed ownership since 2013 in China, this book systematically investigates the theoretical underpinnings, model options and approaches to implementation of SOE mixed-ownership reforms. SOE reforms have functioned as an integral part of China’s transformation to a market-oriented economy. Responding to the changing economic context and negative repercussions of earlier SOE reforms launched in the late 1990s, SOE mixed-ownership reforms encourage the participation of different types of capital and sounder management mechanisms. The author first reviews the impetus behind SOE mixed-ownership reforms and discusses how modern property rights theory and decentralized control theory perform as the theoretical underpinnings of the reforms. Based on cases of many completed SOE mixed-ownership reforms, the book summarizes and assesses the feasible models and implementation details of the reforms. It also examines how the reforms have impacted state-owned assets as well as executives’ compensation and incentives, both of which run parallel to the core reforms surrounding ownership. The book will appeal to professional readers studying entrepreneurial theory, corporate governance, China’s SOE reforms and Chinese business and the economy, as well as investors and policy makers interested in the Chinese market and Chinese enterprise reform.
State-Owned Multinationals: Governments in Global Business (JIBS Special Collections)
by Alvaro Cuervo-CazurraThis book provides a deep understanding of state-owned multinationals (SOMNCs) and their role in global business. SOMNCs have emerged as a force to contend with in global competition, and their study connects several fields such as economics, political economy, international business and global strategy. This prestigious collection of articles presents insights into the interaction between government ownership and internationalization, and aims to provoke new research approaches and insights on the topic. The book includes some of the key contributions to our understanding of these firms and new commentaries explaining how to analyze them. This book is essential reading for academics and consultants looking to gain a clearer understanding of SOMNCs and how to research them.
State Policies and Internal Migration: Studies in Market and Planned Economies (Routledge Revivals)
by A. S. OberaiFirst published in 1983, State Policies and Internal Migration presents a comprehensive overview of migration influencing policies and programmes in the developing countries. Population movements and the spatial distribution of population have become matters of vital concern in most developing countries. This ILO initiated research presents case studies from Malaysia, India, Sri Lanka, Indonesia, Nepal, and Poland to discuss themes like population distribution and development strategies; migration related policies and trends; transmigration and accumulation; population distribution policies and planned resettlement; and socio-economic development and rural-urban migration to understand state intervention in the promotion of capitalist or socialist development. This book is a must read for scholars and researchers of migration studies, economics, and labour economics.
State Policies and Migration: Studiesin Latin America and the Caribbean (Routledge Revivals)
by Peter Peek Guy StandingFirst published in 1982, State Policies and Migration is a study on migration-related government action. This book consists of analyses of various rural reforms and industrial strategies in eight Latin American and Caribbean countries. The emphasis of the studies has been determined by the particular context of the country or region concerned, but in general the studies fall into three categories. The first four chapters are primarily concerned with land reforms, however partial. The next two chapters focus on general industrialisation strategies, considering their impact on urbanisation and the attempts made to achieve population redistribution within the context of the longstanding process of industrialisation. Finally, the third section consists of two very different cases of attempts to alter population distribution in the context of transforming the socio-economic structure. This book will be of interest to students of economics, agriculture, history, public policy and migration studies.
State Policies and Techno-Industrial Innovation
by Ulrich HilpertBehind the rhetoric of `intervention' and `deregulation' which has accompanied state attempts to stimulate technological innovation in the last decade is secreted a story of failed ambitions, confusion, muddle and incoherence.Techno-industrial innovation does make demands on the state, not only in terms of new industries, but also in regard to the inter-relation of industrial and R&D policy and the creation of markets.This book provides a comparative analysis of techno-industrial innovation in Europe, Japan and the USA. Drawing on case studies ranging from the semi-conductor to the biotechnology industries, the book presents a comprehensive and detailed survey of national strategies for the internal and world markets and sets them in their political context, where `the costs may be high and the pay-offs uncertain'.
State, Politics, and Social Classes: Theory and History (Marx, Engels, and Marxisms)
by Armando BoitoThis book offers a reassessment politics against the predominating economicist approach to historical materialism within contemporary Marxism. Boito draws on the structural interpretation of Marxism inspired by Althusser’s works of the mid-1960s and, especially, by Poulantzas’ Political Power and Social Classes. The volume aims to demonstrate the role of the political dimension (together with the economy) and, to a further extent, to contribute to renew contemporary Marxist political theory. The chapters cover topics such as: the nature of political power; the structure and functions of the state; the role of politics in historical change; political crises; and the political formation of the working class. The book highlights the role of political structures and practices in the reproduction of economic and social relations and also in the process of historical change. The aim of the book is to contribute to the renewal of Marxist thought, breaking with the economicist conception that dominated it throughout the last century, and finally meeting the demands of the socialist struggle in the 21st century.
State Power and World Markets: The International Political Economy
by G. John Ikenberry Joseph M. GriecoProfessors Grieco and Ikenberry focus on the dynamic, reciprocal relationships between states and world markets, articulating the ways in which their interactions shape the world economy today.
State Reform and Development in the Middle East: Turkey and Egypt in the Post-Liberalization Era (Routledge Studies in Middle Eastern Economies)
by Amr AdlyThe economies of Turkey and Egypt, remarkably similar until the early 1980s, have since taken divergent paths. Turkey has successfully implemented a policy of export led industrialisation whilst Egypt’s manufacturing industry and exports have stagnated. In this book, Amr Adly uses extensive primary research to present detailed comparisons of Turkey’s and Egypt’s state administrative and private sector capacities and links between the two. The conclusion the author draws is that the external contexts for both were so alike that this cannot account for their diverging paths. Instead, the author suggests a counterintuitive yet compelling explanation; that a democratic polity is far more likely than an authoritarian one to engender a successful developmental state. Emerging in the wake of the January revolution in Egypt, when hopes for democratisation were raised, this book provides a fresh perspective on the topical subject of state reform and development in the Middle East and will be of interest to students and scholar alike.
State-Space Approaches for Modelling and Control in Financial Engineering
by Gerasimos G. RigatosThe book conclusively solves problems associated with the control and estimation of nonlinear and chaotic dynamics in financial systems when these are described in the form of nonlinear ordinary differential equations. It then addresses problems associated with the control and estimation of financial systems governed by partial differential equations (e. g. the Black-Scholes partial differential equation (PDE) and its variants). Lastly it an offers optimal solution to the problem of statistical validation of computational models and tools used to support financial engineers in decision making. The application of state-space models in financial engineering means that the heuristics and empirical methods currently in use in decision-making procedures for finance can be eliminated. It also allows methods of fault-free performance and optimality in the management of assets and capitals and methods assuring stability in the functioning of financial systems to be established. Covering the following key areas of financial engineering: (i) control and stabilization of financial systems dynamics, (ii) state estimation and forecasting, and (iii) statistical validation of decision-making tools, the book can be used for teaching undergraduate or postgraduate courses in financial engineering. It is also a useful resource for the engineering and computer science community
State Space Grids
by Tom HollensteinHuman development from birth through adulthood is a complex interplay of many interacting forces. Children's internal processes are manifest in behaviors that are sculpted by their experiences, most notably with primary caregivers. Because the discipline of psychology explores human behavior and cognition, the techniques employed for developmental analysis must be able to describe, depict, and quantify these complex processes. State Space Grids provides the framework, basic method, rationale, and advanced techniques for translating the behavior of children, adolescents, and parents into visible, traceable data. This seminar-between-covers takes readers step by step from conceptualization through implementation of projects, with examples from a range of current research within and outside child development. Links are included for the GridWare software program and related user resources. And although state space grids need not be used only to analyze dynamic systems, they serve as an excellent tool for honing systemic thinking. Key coverage in this volume includes: Dynamic systems and the origins of state space grids. The state of research using state space grids. Introducing GridWare and how it works. How to use state space grids, from idea through finished project. Within-grid and between-grid analysis. Conducting advanced analysis. State Space Grids is an essential reference for researchers across such disciplines as psychology, neuroscience, economics, computer science, and agricultural science.
State-Space Models: Applications in Economics and Finance
by Yong Zeng Shu WuState-space models as an important mathematical tool has been widely used in many different fields. This edited collection explores recent theoretical developments of the models and their applications in economics and finance. The book includes nonlinear and non-Gaussian time series models, regime-switching and hidden Markov models, continuous- or discrete-time state processes, and models of equally-spaced or irregularly-spaced (discrete or continuous) observations. The contributed chapters are divided into four parts. The first part is on Particle Filtering and Parameter Learning in Nonlinear State-Space Models. The second part focuses on the application of Linear State-Space Models in Macroeconomics and Finance. The third part deals with Hidden Markov Models, Regime Switching and Mathematical Finance and the fourth part is on Nonlinear State-Space Models for High Frequency Financial Data. The book will appeal to graduate students and researchers studying state-space modeling in economics, statistics, and mathematics, as well as to finance professionals.
State-Sponsored Inequality: The Banner System and Social Stratification in Northeast China
by Shuang ChenThis book explores the social economic processes of inequality in nineteenth- and early-twentieth-century rural China. Drawing on uniquely rich source materials, Shuang Chen provides a comprehensive view of the creation of a social hierarchy wherein the state classified immigrants to the Chinese county of Shuangcheng into distinct categories, each associated with different land entitlements. The resulting patterns of wealth stratification and social hierarchy were then simultaneously challenged and reinforced by local people. The tensions built into the unequal land entitlements shaped the identities of immigrant groups, and this social hierarchy persisted even after the institution of unequal state entitlements was removed. State-Sponsored Inequality offers an in-depth understanding of the key factors that contribute to social stratification in agrarian societies. Moreover, it sheds light on the many parallels between the stratification system in nineteenth-century Shuangcheng and structural inequality in contemporary China.
State Street: The Development and Growth of SHE
by Vikram Gandhi"When Sonya Park, Senior Relationship Manager at State Street Global Advisors (SSGA), thought about the last six months, she felt a sense of pride. On March 8, 2016 (Women’s Day), SSGA had launched the SSGA Gender Diversity Index ETF (Ticker: SHE), one of the first of its kind. SHE was based on a proprietary Gender Diversity Index created by SSGA that was designed to track the performance of U.S. large capitalization companies that were leading their industry in placing women on boards of directors and in senior leadership positions. As of August 17, 2016, the ETF had $280 million in assets and held 186 companies."
State Street Corporation
by William E. FruhanState Street Corp. reports a 13% gain in EPS in 2008 amidst a global financial crisis. The stock price declines 59% on the day of the earnings report. This one day decline was exceeded in the prior 12 month period by only one non-bankrupt S&P 500 company. That company was AIG, Inc. which declined 61 % on the day Lehman Brothers declared bankruptcy. While State Street reported $5.0 billion in profits over the 4-year period 2005-2008, the company also sustained $10.0 billion in after tax mark-to-market losses on its "available for sale" investment portfolio and the investment portfolios of its conduits. The question is, how has the firm performed over the past four years? Has it earned $5.0 billion or lost $5.0 billion? Fair value accounting plays a key role in the dilemma. How should a financial services firm measure and report income in the face of disorderly and illiquid markets for its principal assets? The case also examines how management at State Street responded to the deterioration in its capital ratios generated by "fair value" accounting.
State Street—The Development and Growth of SHE
by Vikram GandhiState Street—The Development and Growth of SHE by Vikram Gandhi
The State Strikes Back: The End of Economic Reform in China?
by Nicholas LardyChina’s extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, the renowned China scholar Nicholas R. Lardy argues that China’s future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China’s economy.Lardy’s book is a timely sequel to his path-breaking Markets Over Mao: The Rise of Private Business in China (Peterson Institute for International Economics, 2014). This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China’s potential. As with his previous book, Lardy’s perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.
State Taxation Policy and Economic Growth
by Michael BarkerThis volume discusses the problems of state governments in coping with contemporary issues of redesigning taxation policies to encourage economic growth.
The State Theory of Money
by Georg Friedrich KnappGeorg Friedrich Knapp (1842-1926) was a German economist who in 1895 published "The State Theory of Money," which founded the chartalist school of monetary theory, which takes the statist stance that money must have no intrinsic value and strictly be used as governmentally-issued token, i.e., fiat money. Published originally in 1905, it created a stir among academics and policy makers, with proponents and critics both arguing forcefully about it. It was written at a time when monetary matters were in a great flux. Throughout the world, countries debated the optimal metallic standard for their monetary systems. Should it be silver, gold, both in a fixed relation (bimetallism), a combination of the two (symmetalism), or should the selection of the standard be left to the market? Knapp put the debate on new ground by suggesting that there need not be a metallic standard at all. Ideas about the desirability of paper money not backed by gold or other metals had been presented before but were never able to command academic respectability.-Print ed.
State-to-state Arbitration based on International Investment Agreements: Scope, Utility and Potential (European Yearbook of International Economic Law #10)
by Angshuman HazarikaThis book discusses the use of the compromissory clause in international investment agreements (IIAs) for interstate dispute resolution. It puts forward the possibility of using state-to-state arbitration based on the compromissory clause in IIAs as an alternative means of resolving investment disputes in light of the global debate on the shortcomings of investor-state arbitration. The book’s main conclusion is that state-to-state arbitration may be used as an alternative to currently popular investor-state arbitration by resolving procedural hurdles which impede its acceptance. It becomes more important with the removal of investor-state arbitration as an option in certain recent IIAs, which then elevates state-to-state arbitration as the sole option for binding third party dispute resolution in the treaty. Even then, it is unlikely to replace investor-state arbitration completely due to its inherent shortcomings, such as the risk of re-politicising disputes and a lack of direct control over the process for the affected investors. Nevertheless, the availability of an alternative forum will benefit all parties involved, as they will no longer be wholly dependent on investor-state arbitration, which can be affected by events such as denunciation from the ICSID Convention or the refusal of a host state to enforce an arbitration award.
State Trading in the Twenty-First Century
by Thomas Cottier Petros C. MavroidisThe University of Michigan Press is pleased to announce the first volume in an annual series, The World Trade Forum. The Forum's members include scholars, lawyers, and government and business practitioners working in the area of international trade, law, and policy. They meet annually and discuss integration issues in international economic relations, focusing on a new theme each year. The central topic of the first World Trade Forum is state trading. To what extent has trade liberalization, as we have experienced it over the last fifty years, affected property ownership? Contributors to the 1998 World Trade Forum explore this question, examining both state practice and the regulatory framework. Their discussions are divided into three parts: Part 1 looks at the World Trade Organization's legal framework for state trading enterprises, taking on such issues as monopolies and state enterprises, the WTO Antidumping Agreement and the economies in transition, and relationship of state trading and the Government Purchasing Act. Part 2 deals with regional experiences in state trading (for the EC, United States, Canada, Japan, China, and Russia). Part 3 examines conceptual issues such as auctions as a trade policy instrument and rule-making alternatives for entities with exclusive rights. The conclusion synthesizes the foregoing chapters in discussing the reach of modern international trade law. Contributors are Frederick Abbott, Ichiro Araki, Christian Bach, Jacques H. J. Bourgeois, Thomas Cottier, William J. Davey, Vladimir Dbrentsov, Toni Haniotis, Bernard M. Hoekman, Gary Horlick, Henrik Horn, Robert Howse, Patrick Low, Will Martin, Mitsuo Matsushita, Petros Mavroidis, Aaditya Mattoo, Patrick Messerlin, Constantine Michalopoulos, Kristin Heim Mowry, Stilpon Nestor, Damien Neven, N. David Palmeter, Ernst-Ulrich Petersmann, André Sapir, Diane P. Wood, and Werner Zdouc. Petros Mavroidis is Professor of Law, University of Neuchatel. Thomas Cottier is Professor of Law, Institute of European and International Economic Law, University of Bern Law School.
State Transformations in OECD Countries
by Heinz Rothgang Steffen SchneiderThe democratic nation state of the post-war era has undergone major transformations since the 1970s, and political authority has been both internationalized and privatized. The thirteen chapters of this edited collection deal with major transformations of governance arrangements and state responsibilities in the countries of the OECD world. A unified conceptual and explanatory framework is used to describe trajectories of state change, to explain the internationalization or privatization of responsibilities in the resource, law, legitimacy and welfare dimensions of the democratic nation state, and to probe the state's role in the today's post-national constellation of political authority. As the contributions show, an unravelling of state authority has indeed occurred, but the state nevertheless continues to play a key role in emerging governance arrangements. Hence it is not merely a 'victim' of globalization and other driving forces of change.
State Voter Registration Databases: Immediate Actions And Future Improvements
by National Research Council of the National AcademiesThe Help America Vote Act of 2002 requires the states to develop a single, computerized voter registration data base (VRD) that is defined, maintained, and administered at the state level. To help the states with this task, the U.S. Election Assistance Commission asked the NRC to organize a series of workshops and prepare an interim report addressing the challenges in implementing and maintaining state VRDs. The EAC also asked the NRC to advise the states on how to evolve and maintain the databases so that they can share information with each other. This report provides an examination of various challenges to the deployment of state VRDs and describes potential solutions to these challenges. This interim report’s primary focus is on shorter-term recommendations although a number of long-range recommendations are presented. The final report will elaborate on the long-range questions and address considerations about interstate interoperability of the VRDs.
State Work: Public Administration and Mass Intellectuality
by Stefano HarneyAn innovative contribution to political theory, State Work examines the labor of government workers in North America. Arguing that this work needs to be theorized precisely because it is vital to the creation and persistence of the state, Stefano Harney draws on thinking from public administration and organizational sociology, as well as poststructuralist theory and performance studies, to launch a cultural studies of the state. Countering conceptions of the government and its employees as remote and inflexible, Harney uses the theory of mass intellectuality developed by Italian worker-theorists to illuminate the potential for genuine political progress inherent within state work. State Work begins with an ethnographic account of Harney's work as a midlevel manager within an Ontario government initiative charged with leading the province's efforts to combat racism. Through readings of material such as The X-Files and Law & Order, Harney then reviews how popular images of the state and government labor are formed within American culture and how these ideas shape everyday life. He highlights the mutually dependent roles played in state work by the citizenry and civil servants. Using as case studies Al Gore's National Partnership for Reinventing Government and a community-policing project in New York City, Harney also critiques public management literature and performance measurement theories. He concludes his study with a look at the motivations of state workers.
Statebuilding and State Formation in the Western Pacific: Solomon Islands in Transition?
by Matthew G. Allen Sinclair DinnenThis book provides a rigorous and cross-disciplinary analysis of this Melanesian nation at a critical juncture in its post-colonial and post-conflict history, with contributions from leading scholars of Solomon Islands. The notion of ‘transition’ as used to describe the recent drawdown of the decade-long Regional Assistance Mission to Solomon Islands (RAMSI) provides a departure point for considering other transformations – social, political and economic –under way in the archipelagic nation. Organised around a central tension between change and continuity, two of the book’s key themes are the contested narratives of changing state–society relations and the changing social relations around land and natural resources engendered by ongoing processes of globalisation and urbanisation. Drawing heuristically on RAMSI’s genesis in the ‘state- building moment’ that dominated international relations during the first decade of this century, the book also examines the critical distinction between ‘state-building’ and ‘state formation’ in the Solomon Islands context. It engages with global scholarly and policy debates on issues such as peacebuilding, state-building, legal pluralism, hybrid governance, globalisation, urbanisation and the governance of natural resources. These themes resonate well beyond Solomon Islands and Melanesia, and the book will be of interest to a wide range of students, scholars and development practitioners. This book was previously published as a special issue of The Journal of Pacific History.