Journal articles on the topic 'Investments, German Australia'

Higher demand from the top management in measuring business process performance causes the incremental implementation of BPM and BI in the enterprise. The problem faced by top managements is how to integrate their data from all system used to support the business and process the data become information that able to support the decision-making processes. Our literature review elaborates several implementations of BPI on companies in Australia and Germany, challenges faced by organizations in developing BPI solution in their organizations and some cost model to calculate the investment of BPI solutions. This paper shows the success in BPI application of banks and assurance companies in German and electricity work in Australia aims to give a vision about the importance of BPI application. Many challenges in BPI application of companies in German and Australia, BPI solution, and data warehouse design development have been discussed to add insight in future BPI development. And the last is an explanation about how to analyze cost associated with BPI solution investment.

Abstract In this paper we analyse labour productivity growth in the United States, four European countries (France, Germany, the Netherlands and United Kingdom), Australia and Canada between 1987 and 2003 from an industry perspective. Rather than analysing broad industry groups, we compare the pattern of growth in all industries through Harberger diagrams. We introduce new summary measures, which indicate the pervasiveness of growth patterns. These indicators show that investment in both information and communication technology (ICT) and non-ICT capital is fairly balanced or ‘yeasty’, driven by overall macro-economic conditions. However, growth of total factor productivity (TFP) is much more localized or ‘mushroom-like’. In particular we find a clear distinction between countries in continental Europe, in which TFP is decelerating after 1995 and becoming more localized, and Anglo-Saxon countries in which TFP growth is accelerating and becoming more broad-based, especially after 2000. The increased breadth of Anglo-Saxon TFP growth is consistent with delayed effects of intangible investments that are complementary to ICT investments.

The formation of the concept of responsible investment involves a change in the basic understanding of the investment process, which requires consideration of the possible consequences of such actions for the planet, society and economy. In this regard, it is important to provide a thorough methodological basis that will be the groundwork for the dissemination of this concept and its scientific foundation. The purpose of this work is to conduct a quantitative bibliometric analysis of research on responsible investing. The scientometric international databases Web of Science from Clarivate Analytics and Scopus from Elsevier and their built-in tools were used for this purpose. The time period of the study was 1990 – March 2021, the main search query – «responsible investment». Quantitative analysis of scientific publications in selected databases was conducted by time, geographical and subject search, analysis of organizations that fund research on this topic and the most cited works. The results show a growing trend of research on responsible investment in the world, with an increase in recent years, and a predominance of research by scientists from English-speaking countries (UK, United States, Australia, Canada) and European countries (Spain, France, Germany, etc.). Research is mainly funded by the European Commission and other Japanese and European organizations. The analysis of subject areas in the study of responsible investing revealed the presence of both managerial and economic, as well as social and environmental issues. The analysis of the most cited works in the scientometric databases Scopus and WoS revealed the popularity of socially responsible investments in the context of institutional, behavioral and functional aspects, as well as their connection with corporate social responsibility.

The main purpose of this paper is to investigate and analyse foreign direct investment (FDI) regimes and their screening processes, institutional frameworks, and business environments in world trade. China's FDI regime is specifically compared with that of the United States, Australia, Canada, and the United Kingdom. Other countries (France, Germany, Japan, Hong Kong, and Switzerland) were also included in the discussion to evaluate their regulatory and investment issues. By using interdisciplinary literature, secondary data, and research surveys and reports from multilateral institutions, the study investigates the changing profile of FDI regimes in world trade. The paper reveals that China's FDI regime has embraced significant changes to attract foreign investment. Currently, the Chinese market is open yet restricted in its own regulatory environment and institutional hurdles. Investment regimes in the United States, Australia, Canada, and the United Kingdom continue to change to attract foreign investment that is critical to their economies. We believe that more country- and industry-specific studies are needed to investigate FDI regimes and their institutional frameworks. In today's world trade, China is particularly an interesting case study since the country aggressively attracts foreign investment while keeping its hybrid economy. Policymakers, multinational corporations (MNCs), governments, and researchers need to pay attention to today's changing FDI regimes because of growth opportunities and MNC expansion. The study provides useful discussion and meaningful implications that can be used by policy analysts and practitioners worldwide.

Optimising the energy consumption and energy generation of wastewater treatment plants (WWTPs) is a topic with increasing importance for water utilities in times of rising energy costs and pressures to reduce greenhouse gas (GHG) emissions. Assessing the energy efficiency and energy optimisation of a WWTP are difficult tasks as most plants vary greatly in size, process layout and other influencing factors. To overcome these limits it is necessary to compare energy efficiency with a statistically relevant base to identify shortfalls and optimisation potential. Such energy benchmarks have been successfully developed and used in central Europe over the last two decades. This paper demonstrates how the latest available energy benchmarks from Germany have been applied to 24 WWTPs in South Australia. It shows how energy benchmarking can be used to identify shortfalls in current performance, prioritise detailed energy assessments and help inform decisions on capital investment.

This study investigates how business cycles regimes can explain financial portfolio decisions across investors and countries, given a number of idiosyncratic characteristics. In particular, the empirical strategy studies the relationship between risky asset shares and linear and nonlinear business cycles. The empirical part employs data from household surveys in the U.K., France, Germany, Japan, the Netherlands, Sweden, Norway, Denmark, Italy, Switzerland, Canada, Australia and New Zealand for the period of 1998 to 2012. The analysis provides evidence that while a linear framework does not provide a statistically significant association between business cycles and decisions in risky investments, a nonlinear business cycles context leads investors to decrease their risky investments stronger during recessions than they increase them during booms, lending support to the hypothesis of interaction between financial risks and other determinants. The results are expected to signal interesting flashing points not only to market participants and portfolio managers, but mainly to policy makers and the way their economic policy decisions affect the working of financial markets.

This study explores a foreign bias model to examine if the degree of foreign bias of sovereign wealth fund depends on the spatial spillover effects of cultural distances. Using the spatial panel data of foreign investment by sovereign wealth fund in 2008–2014, we empirically test (1) whether the relationships between return, risk and foreign bias of sovereign wealth fund are statistically significant and (2) whether this relationship depends on the spatial spillover effects of cultural distances. The evidence strongly supports our hypotheses across six target countries (Australia, Canada, China, Germany, the United Kingdom and the United States).

In the course of the negotiations between the European Union and the United States about the “Transatlantic Trade and Investment Partnership” (TTIP) the aspects of investment protection and investment arbitration have attracted much press attention. They have become key targets of criticism and massive attacks. Investment arbitration has been depicted as some obscure and undemocratic mechanism that helps rich companies to exploit poor countries. The discussion has become so agitated that oftentimes the underlying facts got out of sight. The goal of the present article therefore is to shed some light on these facts and thereby trace the heated discussion back to an objective, sober-minded level. The authors explain in a step-by-step approach how investment protection in bilateral/multilateral investment treaties works and what standard principles of protection these treaties typically grant to foreign investors (e.g. no direct/indirect expropriation without compensation; no discrimination against foreign investors; the duty to accord fair and equitable treatment to foreign investors). These legal basics are then filled with life by the illustration of four publicly known investment arbitration case studies: Adem Dogan v. Turkmenistan, Philip Morris v. Australia, Vattenfall v. Germany and Walter Bau v. Thailand. The authors conclude that much of the current criticism is unfounded as it ignores factual realities and new developments in international investment arbitration.

Alkaloids derived from solanaceous plants were the subject of intense investigations by European chemists, pharmacologists and clinicians in the second half of the nineteenth century. Some surprise was expressed when it was discovered in the 1870s that an Australian bush, Duboisia myoporoides, contained an atropine-like alkaloid, 'duboisine'. A complicated and colourful history followed. Duboisine was adopted in Australia, Europe and the United States as an alternative to atropine as an ophthalmologic agent; shortly afterwards, it was also esteemed as a potent sedative in the management of psychiatric patients, and as an alternative to other solanaceous alkaloids in the treatment of parkinsonism. The Second World War led to renewed interest in Duboisia species as sources of scopolamine, required for surgical anaesthesia and to manage sea-sickness, a major problem in the naval part of the war. As a consequence of the efforts of the CSIR and of Wilfrid Russell Grimwade (1879-1955), this led to the establishment of plantations in Queensland that today still supply the bulk of the world's raw scopolamine. Following the War, however, government support for commercial alkaloid extraction waned, and it was the interest of the German firm Boehringer Ingelheim and its investment in the industry that rescued the Duboisia industry in the mid-1950s, and that continues to maintain it at a relatively low but stable level today. 'It is to be regretted that scientific men in this colony have paid so little attention to the subject of Medicinal Botany. Surrounded, as we are, by shrubs and plants possessing medicinal properties, there is a wide field for investigation; and, no doubt, it will be found in time to come, that we have been sending to distant countries for expensive medicines, whilst remedies equally efficacious might be provided close at hand in all their native freshness.' William Woolls, A Contribution to the Flora of Australia (1867), p. 94.

With the application of hydrogen energy in the world, photovoltaic hydrogen producton industry has been ignited rapidly. Many Chinese governments and companies are producing hydrogen, often called "green hydrogen", from renewable sources. Japan, Germany. The Netherlands, Australia, Canada and other countries have carried out research or investment in large-scale photovoltaic hydrogen production projects. This article takes the hydrogen energy planning of Chengdu, Sichuan Province as the lead, and combines the actual conditions of the Ganzi region to discuss the feasibility of using photovoltaic power generation to produce hydrogen to support the development of the hydrogen energy industry in Chengdu under the conditions of abundant photovoltaic resources and no transmission.

Globally in healthcare, the focus is on designing and implementing national e-health solutions in an attempt to address key challenges that are plaguing healthcare delivery. However, despite the initial euphoria and notwithstanding the significant investments made, to date, many of these e-health solutions have yet to prove their success or have been complete failures. This paper presents the findings from an exploratory study that examined e-health initiatives in five countries Australia, China, Germany, UK and US to understand why these e-health solutions have not as yet delivered the promised results. The paper proffers Actor-Network Theory (ANT) as an appropriately rich theoretical lens that can be used to assist in the understanding of key issues for successful e-health solutions.

At the twentieth anniversary of the World Trade Organization (WTO), the WTO’s dispute settlement system is celebrated as one of the organization’s biggest achievements. Although powerful members such as China, the European Union (EU), and the United States are regularly on the losing side of WTO trade disputes, overall support for the system remains high. If anything, it has increased over time, with early criticism by civil society waning. Compare this situation to investor-state dispute settlement (ISDS), centered around the World Bank’s International Centre for Settlement of Investment Disputes (ICSID). ISDS, which started in earnest around the same time that the WTO was created, is under fire not only in capital-importing countries ranging from Ecuador, Indonesia, and South Africa but also in capital-exporting nations such as Australia, Germany, and the United States. Indeed, in the ongoing EU-U.S. negotiations over a Transatlantic Trade and Investment Partnership (TTIP), ISDS emerged as one of the biggest bones of contention.

In this paper, we apply the method for removing the upward bias in returns in equally-weighted return indexes developed by Fisher, Weaver, and Webb (2010) to real estate investment trust (REIT) stocks in the US. While we find significant bias in this index, two trends are evident: first, there is less overall bias than in non-REIT stocks, and second, the bias of REIT stocks has declined over time. These trends are consistent with growing listings of REIT stocks on the New York Stock Exchange (NYSE), as well as with increasingly higher stock prices. They also support the hypothesis that there have been significant improvements in the market micro-structure environment of REIT stocks since the early 1970s. We further apply our methodology to REIT stocks listed in the two countries with the largest number of REITs outside the US: Germany and Australia. The results support the hypothesized relationship between index bias and market micro-structure environment.

This research is focused on achieving green growth through an environmental technology approach. Developing environmental technology we examined four elements considering the enforcement of intellectual property rights (IPRs), research and development (R&D) expenditures, the size of the market capture by GDP and most importantly the environmental taxations. This study includes the 11 developed countries which are Austria, Australia, Canada, France, Japan, Finland, Germany, Sweden, U.K and U.S. Technology change can be better handled by panel data than by pure cross-section or pure time series. It can minimise the bias if we used the aggregate individuals or firms. Estimation techniques depend on short panel or long panel. This study used the Pooled Least Square estimation techniques like Fixed Effect Model (FEM) and random effect model (REM) for both balance period of 2000-2005 and unbalanced period from 1995-2005. The study concluded the policy formulation in making developed‘s climate resilient economies. JEL classification: O34, F19, L24 Keywords: Intellectual Property Rights, Foreign Direct Investment, Technology Licensing

CEPI is an innovative partnership between public, private, philanthropic and civil organisations founded in Davos in 2017 to develop vaccines to stop future epidemics. To date, CEPI has received multi-year funding from Norway, Germany, Japan, the Bill & Melinda Gates Foundation, and the Wellcome Trust. CEPI has also received single-year investments from the governments of Australia, Belgium, and Canada. It has reached $630 million of its $1 billion funding target. The European Commission has announced a contribution in kind of €250 million that will support relevant projects through EC mechanisms. Since its launch in January 2017, CEPI has announced two Calls for Proposals. The first was for candidate vaccines against MERS-CoV, Nipah and Lassa viruses. The second was for the development of platforms that can be used for rapid vaccine development against unknown pathogens. From the first call, CEPI has, so far, announced six partnership agreements and this means 4 lassa vaccine candidates, 3 MERS-CoV vaccine candidates and 1 Nipah vaccine candidate have been selected for development. Learn more at CEPI.net. Follow us at @CEPIvaccines.

The problem of population decline, economic activity decrease and deterioration of investment attractiveness has become topical on the agenda of sustainable development of industrial or single-industry cities in most developed countries (uSA, Eu, Australia) during the last century. New urban trends are increasing of the economic efficiency of urban areas usage, encouraging restrain of the population, including youth and employable people, and attracting new ones through the creation of required jobs and the formation of comfortable living conditions. All of these demanded the mechanisms and tools development for the social and economic development of cities. world experience has accumulated various approaches to the transformation of shrinking cities — economic and financial instruments supporting the development and provision of partnership of key stakeholders of cities, integrated urban development programs, tools for optimizing the spatial and territorial structure of cities, etc. The paper analyzes the existing practices of application of administrative and organizational mechanisms for the spatial development of shrinking cities in the united States, Britain, Germany, Spain and Australia. Based on the analysis, key conclusions are drawn about the factors that divide the trajectories from decline to the cities restoration. The practical significance of the conclusions lies in the possibility of using them in the development of strategies and programs for the russian cities development that are experiencing a tendency towards a contraction of economic and territorial space.

Abstract Stormwater management (SWM) includes a wide range of services aimed at environmental protection, enhancement of water resources and flood control. Local governments are responsible for managing all these aspects within their jurisdiction, but they often present limitations in generating revenues. Thus, many municipalities have been seeking a dedicated funding source for these programs and practices. This publication provides a brief overview of current legal issues associated with stormwater funding focusing on the most used method: fees. It is a successful mechanism to fund legal obligations of municipalities; however, it must have a significant value to motivate the reduction of runoff. Through literature, we found stormwater fees in Australia, Brazil, Canada, Ecuador, France, Germany, Poland, South Africa and the United States (USA). France had the highest average monthly fee, but this financing experience was suspended in 2014. Brazil has the lowest fee by m², comparable to the US fee. While in Brazil overall SWM represents low priority investments, the USA represents one of the most evolved countries in stormwater funding practices. It was noticed by reviewing the international experience that charging stormwater fees is a successful mechanism to fund the legal obligations and environmental protection.

The national experience of institutional support for the study and use of subsoil are defined. The subjects of interaction in the sphere of geological mining use are defined, the mechanism of interaction is shown. The institutional provision of the study and use of subsoil is divided into three blocks of influence: institutions of general competence, inter-sectoral institutions of special competence and sectoral institutions of special competence. The role of the State Service of Geology and Mineral Resources of Ukraine in the system of institutional support of geological study and use of subsoil is determined. The structure of the State Service of Geology and Mineral Resources of Ukraine was systematized and the basic functions and directions of activity are defined. It is revealed that state financing of development of mineral base of Ukraine takes place through the system of enterprises and organizations belonging to the State Service of Geology and Mineral Resources of Ukraine. The structure and features of geological services in Germany, Poland and Australia were investigated. In the course of this analysis, a number of typical and a number of distinctive functions were identified for the geological services of the above mentioned countries. The State Service of Geology and Mineral Resources of Ukraine does not provide a number of key and progressive functions in the field of geological study and use of subsoil, such as: monitoring the state of the market of mineral resources, popularization of the mineral raw materials complex and enhancement of the investment attractiveness of the mineral base of Ukraine. It is concluded that for the introduction of foreign experience, changes should be made to the structure of the State Service of Geology and Mineral Resources of Ukraine. The study of the functional experience and the role of geological services in Australia and Germany testify to the effectiveness of regional geological services in the development of mineral base of these countries. Since the decentralization process in Ukraine has not been completed, experience in providing broad powers to local government bodies, a mineral base cannot be easy implemented.

Many mentorship programmes pair more experienced elders with trainees, enabling experienced practitioners to pass knowledge down to younger generations. Professor Kayoko Watanabe, Aichi-Shukutoku University, Japan, believes in the importance of mentoring programmes and has been investigating mentoring programmes. The idea of mentoring programmes has yet to gain traction in Japan and Watanabe helped implement and continues to play a role in improving the Hiroshima City Youth Support Mentor System, which was launched in 2004 by the Board of Education in Hiroshima City and connects school-aged children with volunteers who act as mentors. Watanabe believes the theory and practice of mentoring programmes are interconnected, working together in a feedback loop to improve mentoring programmes. She has been studying the current status and core issues surrounding the mentoring movement in the US, UK, Germany, Canada, Australia and New Zealand and uses a number of theories in her work, including lifelong development, social capital and social investment. Watanabe has evaluated the mentoring programmes, considering the viewpoints of mentors, mentees and parents of mentees and found a clear recognition of the benefits of the programme for all stakeholders.

Government spending are the basic of the health economics of any developed countries. We are overwhelmingly confident that an increase in the financing of the health care system makes it possible to improve the population’s access to medical care, which, accordingly, it is reflected on an increasing quality of life and its duration. Undoubtedly, investments in the healthcare industry should lead to the creation of new jobs, the development and introduction of advanced medical technologies and innovative drugs into clinical practice. In recent years, in the Russian Federation, there has been a positive trend in the volume of funds allocated by the state to protect public health. The article is devoted to the study of possible factors causing this growth. The authors made an attempt to answer the questions whether the increase in health care costs is due only to the political will of decision makers at the federal level, whether unhealthy lifestyles of the country’s citizens affect health care costs, which primarily depend on the costs of health care resources and others. To answer these questions, the authors analyzed the behavior of individual indicators reflecting health care expenditures and population health indicators for the Russian Federation in comparison with the countries of the Organization for Economic Development and Cooperation (OECD) – Australia, Canada, Denmark, France, Germany, Japan, Netherlands, New Zealand, Norway, Sweden, Switzerland, the UK and the USA.

Research about lactation and breastfeeding has exploded since the Journal of Human Lactation ( JHL) began publishing in 1985. To discuss the 3-decade-long role of the Journal in promoting, supporting, and disseminating lactation research, editors convened a multidisciplinary group of lactation researchers and providers which comprised three senior researchers and one clinical practitioner, all of whom have a long history of lactation advocacy. Their discussion took place on July 1, 2019. Dr Aimee Eden is a medical anthropologist who leads the qualitative research efforts in a small research department. Her dissertation research focused on the maternal and child healthcare workforce, and the professionalization of breastfeeding support. She served on the Board of Directors of the International Board of Lactation Examiners (2010–2016) and currently serves on the board of the Monetary Investment for Lactation Consultant Certification. Dr Karleen Gribble has been conducting research for 15 years about infant and young child feeding in emergencies, long-term breastfeeding, milk sharing, early childhood trauma, adoption, and fostering. She is an Australian Breastfeeding Association community educator and breastfeeding counselor and a member of the Infant and Young Child Feeding in Emergencies Core Group. Elien Rouw is a practicing physician in Germany specialized in healthy infant care, with a long-standing specialization in breastfeeding medicine. She serves on the Board of Directors of the Academy of Breastfeeding Medicine, is a member of the German National Breastfeeding Committee and their delegate to the World Alliance for Breastfeeding Action. Dr Jackie Wolf is an historian of medicine, whose research focuses on the history of childbirth and breastfeeding practices in the United States and how those practices have shaped women’s and children’s health, as well as public health, over time. Her latest book, published by Johns Hopkins University Press and funded by a 3 year grant from the National Institutes of Health, is Cesarean Section: An American History of Risk, Technology, and Consequence. Dr Sara Gill moderated the discussion. She was a member of the Board of Directors of the International Lactation Consultant Association for 5 years, and has been an Associate Editor of the Journal of Human Lactation for the past 4 years. Her research has focused on breastfeeding among vulnerable populations. (Participants’ comments are noted as AE = Aimee Eden; SG = Sara Gill; KG = Karleen Gribble; ER = Elien Rouw; JW = Jacqueline Wolf).

Following the literature of corporate law and finance, our study emphasizes on differences of legal origins and their laws influencing the capital structures of the private firms following suboptimal conservative policies. The countries considered in each legal origin represents common law countries (UK, Australia, India, Pakistan and Thailand) and Roman backed civil law countries (Japan, South Korea, Germany) respectively. The time series considered for the study is 2000-2017. The findings provide that the conservative private firms are smaller in size with less investments but are positively related with profitability in both legal origins. However, the dividend payouts and non-debt tax shields have significant positive relation with conservative policies in civil law countries. It shows that the presence of minority shareholders’ protection law in civil law countries directs the firms to pay more dividends which may also help them in reducing agency costs. We further exhibit that, before financial crises of 2008, the conservative firms in both legal origins are less directed towards dividends, especially in common law countries. Nevertheless, private conservative firms of civil law countries are more inclined towards dividend payouts after financial crises. The study implicates that the difference of laws in legal origins affect the capital structures of the conservative private firms. It further provides that because of the less effective credit markets, private firms may also be forced to adopt conservative policies in civil law countries but may also have less agency problems due to high probability of having dividend payouts.

Objectives:The aim of this study was to explore whether wealth effects of health interventions, including productivity gains and savings in other sectors, are considered in resource allocations by health technology assessment (HTA) agencies and government departments. To analyze reasons for including, or not including, wealth effects.Methods:Semi-structured interviews with decision makers and academic experts in eight countries (Australia, France, Germany, Italy, Poland, South Korea, Sweden, and the United Kingdom).Results:There is evidence suggesting that health interventions can produce economic gains for patients and national economies. However, we found that the link between health and wealth does not influence decision making in any country with the exception of Sweden. This is due to a combination of factors, including system fragmentation, methodological issues, and the economic recession forcing national governments to focus on short-term measures.Conclusions:In countries with established HTA processes and methods allowing, in principle, the inclusion of wider effects in exceptional cases or secondary analyses, it might be possible to overcome the methodological and practical barriers and see a more systematic consideration of wealth effect in decision making. This would be consistent with principles of efficient priority setting. Barriers for the consideration of wealth effects in government decision making are more fundamental, due to an enduring separation of budgets within the public sector and current financial pressures. However, governments should consider all relevant effects from public investments, including healthcare, even when benefits can only be captured in the medium- and long-term. This will ensure that resources are allocated where they bring the best returns.

Cumulative plastic production worldwide skyrocketed from about 2 million tonnes in 1950 to 8.3 billion tonnes in 2015, with 6.3 billion tonnes (76%) ending up as waste. Of that waste, 79% is either in landfills or the environment. The purpose of the review is to establish the current global status quo in the plastics industry and assess the sustainability of some bio-based biodegradable plastics. This integrative and consolidated review thus builds on previous studies that have focused either on one or a few of the aspects considered in this paper. Three broad items to strongly consider are: Biodegradable plastics and other alternatives are not always environmentally superior to fossil-based plastics; less investment has been made in plastic waste management than in plastics production; and there is no single solution to plastic waste management. Some strategies to push for include: increasing recycling rates, reclaiming plastic waste from the environment, and bans or using alternatives, which can lessen the negative impacts of fossil-based plastics. However, each one has its own challenges, and country-specific scientific evidence is necessary to justify any suggested solutions. In conclusion, governments from all countries and stakeholders should work to strengthen waste management infrastructure in low- and middle-income countries while extended producer responsibility (EPR) and deposit refund schemes (DPRs) are important add-ons to consider in plastic waste management, as they have been found to be effective in Australia, France, Germany, and Ecuador.

Velvet worms, also known as peripatus or onychophorans, are a phylum of evolutionary importance that has survived all mass extinctions since the Cambrian period. They capture prey with an adhesive net that is formed in a fraction of a second. The first naturalist to formally describe them was Lansdown Guilding (1797-1831), a British priest from the Caribbean island of Saint Vincent. His life is as little known as the history of the field he initiated, Onychophorology. This is the first general history of Onychophorology, which has been divided into half-century periods. The beginning, 1826-1879, was characterized by studies from former students of famous naturalists like Cuvier and von Baer. This generation included Milne-Edwards and Blanchard, and studies were done mostly in France, Britain, and Germany. In the 1880-1929 period, research was concentrated on anatomy, behavior, biogeography, and ecology; and it is in this period when Bouvier published his mammoth monograph. The next half-century, 1930-1979, was important for the discovery of Cambrian species; Vachon’s explanation of how ancient distribution defined the existence of two families; DNA and electron microscopy from Brazil; and primitive attempts at systematics using embryology or isolated anatomical characteristics. Finally, the 1980-2020 period, with research centered in Australia, Brazil, Costa Rica, and Germany, is marked by an evolutionary approach: from body and behavior to geographic distribution; the discovery of how they form their adhesive net; the reconstruction of Cambrian onychophoran communities, the first experimental taphonomy; the first country-wide map of conservation status (in Costa Rica); the first model of why they survive in cities; the discovery of new phenomena like food hiding, parental feeding investment, and ontogenetic diet shift; and the birth of a new research branch, onychophoran ethnobiology. While a few names often appear in the literature, most knowledge was produced by a mass of researchers who entered the field only briefly.

Trade and investment have positive effects on economic growth and development, especially for developing countries, where trade openness could play a crucial role to eliminate poverty. But in the same way trade and investment can also harm the environment by producing GHG, pollutions and other environmental negative externalities. Since economic development, trade and environment are elaborately interconnected, it is indispensable to amalgamate environmentally affiliated issues on the development agenda. With expansion of economic activities and trade on the one hand and consequent threats to the environment on the other, the question of environment-friendly trade has emerged as a serious policy agenda in recent years. In that context, trade in climate smart goods (CSGs) is assumed to play a significant role in promoting sustainable development pathway. Given that China’s global trade is expanding at an unprecedented scale, the present paper is designed to analyze the trends and trading patterns of China’s trade in CSGs with the rest of the world. Based on the collected data covering the period of 1992 to 2016 from UN Comtrade, the analyses indicate that total trade in CSGs by China has been increasing, but its share in total trade volume is still very low. It is understood that China’s exports and imports of CSGs are dominated by a few products, namely photosensitive semiconductor devices (854,140), static converters (850,440), articles of plastic and arts of other material (392,690), photovoltaic system controller (853,710), discharge lamps, fluorescent (853,931), parts of electric motors, generators, generating sets and rotary converters (850,300), machine and mechanical appliance (847,989), other lead-acid accumulators (850,720), prism, mirrors and other optical elements unmounted (900,190), cooking appliances and plate warmers (732,111), gears and gearing, other than toothed wheels (848,340), other machinery, plant and equipment (841,989), filtering or purifying machinery and apparatus for gases (842,139), etc. While the major trading partners of China for CSGs are the USA, Japan, India, Malaysia, Germany, Korea Republic, Singapore, Thailand, Vietnam, the Netherlands, Hong Kong, Russia, Brazil, Australia, Pakistan, Israel, among others.

Purpose: A fundamental assumption of the apprenticeship model is that there are benefits to both employers and individual learners. This paper offers a broad conceptual interrogation of an inherent assumption in the apprenticeship model, in that it provides incentives for participation to both individual learners and employers. Approach: This study combines the analysis of literature and available data and draws upon apprenticeship models in ten nations: Australia, Brazil, Denmark, Egypt, England, Finland, Germany, India, Malaysia and South Africa. Findings: For individuals, incentives to undertake apprenticeship may be linked to the process and outcomes of that learning, such as the appeal of learning through doing; the opportunities for occupational socialization; the possibility of progression to employment or to additional education; and learning while earning. The analysis of incentives for employers shows a range of reasons related to their short-term interests and the needs of the production processes, technologies, and associated skills; longer-term benefits for the company’s staffing strategy; and the opportunity to make a contribution to the wider education and economic systems. Despite all the potential incentives, many firms consider apprenticeships too costly, risky, and complex to justify the investment. However, when firms are making decisions under the umbrella of chambers or associations, they are more likely to coordinate their skills investment strategies around collectively beneficial outcomes. Conclusion: The links to the labour market and specifically to employers are a key challenge for sustaining apprenticeship systems, as well as for the task of researching them. As such, policy maker (and researcher) engagement with apprenticeship should account for the capacity and commitment of employers. Another key challenge for apprenticeship is related to the relative attractiveness of this pathway within E&T and labour market system for individuals. What is clear from this study is that the development of a strong apprenticeship system requires the buy-in of both employers and individual learners, and as such the necessity to identify and effectively implement incentives cannot be underestimated. Governments can play a key role in realizing the potential incentives for both employers and learners, thereby yielding benefits of all parties engaged in apprenticeships.

Purpose The purpose of this paper is to contribute to the growing public diplomacy literature as it focuses on the crucial, but so far largely unnoticed negative dimension of public diplomacy by analyzing information campaigns targeting unwanted people as one instrument of public diplomacy. Design/methodology/approach Using the cases of Australia and Germany this paper analyses the public diplomacy narratives of these two countries and contrasts those with the messages both countries communicate to potential migrants/refuges through a number of information campaigns. Based on this assessment the paper highlights the negative dimension of public diplomacy and discusses how this negative dimension influences the conduct of public diplomacy. Findings Both cases clearly exemplify that public diplomacy is no altruistic affair and that public diplomacy is facing new challenges due to this concurrence of opposing images it aims to communicate. It further illustrates that this negative dimension not only challenges the understanding of public diplomacy, but at the same time exemplifies a communicative predicament which, it is argued, cannot be solved satisfactory and requires a trade-off between deterrence and attraction. The predicament arises from the dichotomy of presenting a positive image of a country to produce endorsement and sympathy as well as to attract tourists and investment, while at the same time communicating a negative image to deter uninvited people from entering the country. Practical implications Referring to this communicative predicament, the paper suggests that those campaigns are unrewarding for two reasons: first, they apparently do not achieve their objectives and at the same time undermine other public diplomacy initiatives. Originality/value The paper highlights the normally neglected fact that public diplomacy is not only concerned with presenting a positive image of a country and winning hearts and minds, but that public diplomacy also has a negative dimension which needs more academic analysis and practitioner’s attention.

Contextualization: From a very early age, assuming more prominence over the last decades, issues related to sustainability have been taking on a particular interest in the field of research. Although initially the basic concern was at the level of environmental sustainability, the truth is that, progressively, education for sustainability, deeply linked to the science of sustainability, constitutes, together with the latter, the scientific basis for education for the sustainability in higher education, thus emerging a research niche capable of providing greater openness and interaction between higher education institutions and their surroundings. Main aims of the study: Due to the importance that this issue assumes, this article seeks to address the issue of sustainability in higher education, giving particular focus to the analysis at the level of studies that have been developed, which are the main countries and institutions where this has been most researched, as well as which main researchers have been working on this issue. Methodology: For this purpose, and using information taken from the Scopus Database, a bibliometric analysis was carried out, which based on the items “higher education” and “sustainability” allowed to identify a set of 4410 publications. Main results: The results obtained allow to conclude that the number of publications in this area has been observing a significant increase over the last 30 years, with the United States, UK, Spain, Australia and Germany emerging as the countries which publish the most, and within these the Leuphana Universitat Luneburg, RMIT, Hochschule fur Angewandte Wissenschaften Hamburg, Manchester Metropolitan and the Arizona State universities that most publish in this field of research. The five main researchers in the field of higher education for sustainability, were also highlighted. Main contributions: Theoretical and practical contributions were highlighgted, namely, the contribution for government entities and the respective HEIs to reflect on the possible synergies to be developed, as well as to establish strategies and policies promoters of a more efficient and effective investment in research in higher education for sustainability.

Executive SummaryEconomic policymaking in the UK has historically focussed more on the demand side than on the supply side of the economy. Yet it is on the supply side – the way in which an economy adapts to change while growing productive capacity on a sustainable basis – that medium- to long-term economic performance largely depends. There is an urgent need now to rebalance policy by focussing, in particular, on measures to enhance labour-force productivity, including radically enhanced support for training and skills development.This does not involve wholesale structural reform of the economic framework. The UK benefits from having one of the most flexible economies in the OECD, with competitive product markets, relatively low labour costs and historically high employment levels, accompanied by a so-far-successful adoption of an escalating minimum wage. We suggest that in the post-Brexit era politicians would do well to avoid changes in the regulatory regime that would create undue misalignments with EU standards. Nevertheless, the concomitants of the UK's form of flexibility are a dismal performance on productivity and stagnating living standards. Productivity is now actually falling quarter on quarter ten years after the last economic downturn – a position unprecedented in the past 250 years. This problem must be addressed if the UK is to progress towards fulfilling its economic potential.Central to this are both so-called Active Labour Market Policies (ALMPs) to provide people who have become unemployed with new skills that help them remain in the workforce, and investments in effective upskilling of mid-career and older workers. ALMPs can help raise average per capita income over time, yet UK spending on this area is well under half the OECD average and a fraction of the sums spent in the more successful Nordic economies, Germany, Austria, Switzerland, and Australia. The UK's many attempts to develop new training and apprenticeship schemes in recent decades have been dogged by poor quality and a lack of support from employers and labour unions. This needs to change: we propose a concerted effort to raise UK spending on ALMPs to the OECD average, especially for 16–24 year-olds. Improving labour-force mobility – for example by radically improving availability of affordable housing – is also critical. Structural reforms of this kind will require sustained political effort and support.

Introduction. Given the deepening disparities in the economic and social system of the state, political confrontations, resulting in imbalances in public finances and increased debt risks, the tax component should be the basis for the formation of budgetary resources of the state. State revenues determine the social and economic level of development of regions and countries, as well as financial support of the population. Looking at this, the main task of the state is to balance its revenues with expenditures. Since a significant excess of expenditures over revenues lead to an economic crisis, rising public debt, the budget deficit of others. The tax component is the basis for the formation of state budget resources in an unstable fiscal space. This is an important link that contributes to the development of social and economic relations and requires constant monitoring. Methods. The study uses the fundamental provisions of economic theory, tax theory, as well as studies of domestic and foreign scholars. General scientific principles of conducting complex scientific researches were used to solve the set tasks. In the process of research a number of general scientific methods were used, in particular: analogies, logical generalization and system analysis. Results. Based on the selected problems, the foreign experience of such countries as the USA, Germany, Canada, France, Japan, Australia, Great Britain and Italy was studied, on the basis of which the prospects of improving the collection of taxes and fees in Ukraine were singled out. Discussion. In order to solve the problems of collecting taxes and fees, it is necessary to: gradually shift the fiscal burden towards direct taxes, which will be a direct result of increasing the dependence of public authorities on the economic development of the territory; the preservation of the current rather high role of intergovernmental transfers is a consequence of the strong differentiation of regions according to the level of social and economic development and the objective necessity in modern conditions; competition between regions should, first of all, be carried out at the expense of formation of a favourable business environment: improvement of investment climate, development of infrastructure, reduction of administrative barriers, instead of establishment of preferential tax regimes. Prospects for further research on the collection of taxes and fees may be to strengthen the study not only of the level of tax burden, but also the optimal combination of direct and indirect taxes. Keywords: taxes, tax system, budget, budget revenues.

The aim of the article is to study the problems of reforming the system of financing higher education in conditions of compliance with world quality standards of education. Besides, another aim of the article is also to substantiate of the perspectives of their use in Ukraine, on the basis of analysis of the main foreign models of higher education institutions financing. The subject of the study is the financing model of institutions of higher education in foreign countries. Methodology. The research is based on a comparative analysis of funding systems for higher education institutions in Ukraine and in foreign countries. The advantages and disadvantages of different systems of the financial provision of higher education are determined based on the analysis of the peculiarities of financing higher education institutions in Germany, USA, UK, Sweden, Norway, and Australia and in some other countries. On the basis of a comparative legal research of certain provisions of Ukrainian legislation, the possibilities and limits of the application of positive foreign experience in this field are defined. The results of the study showed that the financing of higher education at the expense of state funds should be directed only to the needs of the state. And the state, in its turn, should provide graduates with jobs that will help reduce unemployment among them. Currently, there is a partial improvement of diversification of funding sources in Ukraine. We mean that the provision of the status of a non-profit organization will give the first impetus to the formation of contract relations between higher education institutions and private organizations and will improve their financial position. The implementation of the foreign experience will make financing more transparent and will give an opportunity to distribute it according to the quality criteria of providing educational services. Practical impact. Experience of the developed economies and the analysis of the existing condition of financing of educational institutions of Ukraine allow defining the priority directions of improvement of a system of financing of the higher education. As the budget of Ukraine is not able to compensate all needs for financial resources of higher educational institutions, it is necessary to encourage private investments into education, training, and high technologies more actively. Besides, conducting researches, the international consultations, modelling and discussion of the schematic diagram and funding mechanism for the higher education in Ukraine is also expedient. Correlation/originality. Conducting a comparative analysis of financing models of higher education institutions in Ukraine and foreign countries is the basis for developing the most promising directions for the development of domestic legislation in this field.

In the 21st century, sustainability and indicators of world-class universities have come within the scope of an academic cottage industry. The complex problem of university sustainability implies a big challenge for countries and educators to implement important strategies in an integrated and comprehensive way. This paper highlights and analyzes the sustainability indicators of universities included as newly formed world-class universities (NFWCUs) in the top 100 from 2010 and 2018. The integration of three global ranking scales—the Academic Ranking of World Universities (ARWU), the Quacquarelli–Symonds World University Ranking (QS) and the Times Higher Education World University Rankings (THEs)—allows us to minimize the impact of the methodology used. This study integrates regression analysis by using statistical grouping, case studies and normative analysis. Our principal findings are as follows: among the commonly ranked top 100 universities in 2018, the ARWU, QS and THE counted 57, compared with 47 in 2010. Thus, comparing 2010 and 2018 shows that 44 of the universities appeared simultaneously in ARWU, QS and THE rankings and maintained a sustainable position in any ranking system in the family of top 100 groups. Three lower-ranked NFWCUs in the hybrid list for 2010 lost their ranking and did not appear in the group of top 100 universities in 2018, which are covered by some catch-up and young universities. The NFWCUs were from US, Australia, China, Singapore, Germany and Belgium. By systematic comparison, the US and UK continued to dominate the stability of NFWCUs in 2010 and 2018. The key sustainability indicators include a high concentration of talent, abundant resources to offer a rich learning environment and conduct advanced research. Generally, the factors were negatively associated with ranking suggesting that a higher score result in top ranking and vice versa. Teaching, research, citation and international outlook were negatively correlated with THE ranking in 2018. Similarly, Alumni and PUB were negatively associated with ARWU ranking in 2018. All factors except international student ratio were significantly correlated in QS ranking either in 2010 or 2018, where negative association was observed. The significant contribution of our study is to highlight that for the sustainability of universities, it is necessary to have an increasing emphasis on the effectiveness and efficiency of government-supported research, stability of investments and more approaches to employ international initiatives. The results also confirm the appropriate governance, developing global students and place emphasis on science and technology as additional factors in the approaches of pathways to NFWCUs, with delivery of outstanding educational programs and comprehensive internationalization as a key indicator for performance improvement and global university ranking systems.

Comparing international or regional hospital bed numbers is not an easy matter, and a pragmatic method has been proposed that plots the number of beds per 1000 deaths versus the log of deaths per 1000 population. This method relies on the fact that 55% of a person’s lifetime hospital bed utilization occurs in the last year of life—irrespective of the age at death. This is called the nearness to death effect. The slope and intercept of the logarithmic relationship between the two are highly correlated. This study demonstrates how lines of equivalent bed provision can be constructed based on the value of the intercept. Sweden looks to be the most bed-efficient country due to long-term investment in integrated care. The potential limitations of the method are illustrated using data from English Clinical Commissioning Groups. The main limitation is that maternity, paediatric, and mental health care do not conform to the nearness to death effect, and hence, the method mainly applies to adult acute care, especially medical and critical care bed numbers. It is also suggested that sensible comparison can only be made by comparing levels of occupied beds rather than available beds. Occupied beds measure the expressed bed demand (although often constrained by access to care issues), while available beds measure supply. The issue of bed supply is made complex by the role of hospital size on the average occupancy margin. Smaller hospitals are forced to operate at a lower average occupancy; hence, countries with many smaller hospitals such as Germany and the USA appear to have very high numbers of available beds. The so-called 85% occupancy rule is an “urban myth” and has no fundamental basis whatsoever. The very high number of “hospital” beds in Japan is simply an artefact arising from “nursing home” beds being counted as a “hospital” bed in this country. Finally, the new method is applied to the expressed demand for occupied acute beds in Australian states. Using data specific to acute care, i.e., excluding mental health and maternity, a long-standing deficit of beds was identified in Tasmania, while an unusually high level of occupied beds in the Northern Territory (NT) was revealed. The high level of demand for beds in the NT appears due to an exceptionally large population of indigenous people in this state, who are recognized to have elevated health care needs relative to non-indigenous Australians. In this respect, indigenous Australians use 3.5 times more occupied bed days per 1000 deaths (1509 versus 429 beds per 1000 deaths) and 6 times more occupied bed days per 1000 population (90 versus 15 beds per 1000 population) than their non-indigenous counterparts. The figure of 1509 beds per 1000 deaths (or 4.13 occupied beds per 1000 deaths) for indigenous Australians is indicative of a high level of “acute” nursing care in the last months of life, probably because nursing home care is not readily available due to remoteness. A lack of acute beds in the NT then results in an extremely high average bed occupancy rate with contingent efficiency and delayed access implications.

CCS projects “accelerated” in 2022 with the CO2 capture capacity of all CCS facilities under development growing 44% over the past 12 months, bringing the total capacity of those projects to 244 mtpa of CO2. In a report released in mid-October, the Global CCS Institute said 61 new facilities were added to the project pipeline in 2022 for a current tally of 30 projects in operation, 11 under construction, and 153 in development. The Americas, especially North America, lead the world in CCS deployment. Recent US and Canadian governmental incentives were cited by the Institute in a regional overview. The US Inflation Reduction Act of 2022 includes enhancements to Internal Revenue Service Section 45Q and $369 billion in funding for climate and energy. The legislation extends the start of construction timing to the end of 2032; lowers capture thresholds, including direct pay; and expands transferability. The US Infrastructure Investment and Jobs Act includes more than $12 billion to be spent on CCS over the next 5 years. Canada’s 2022 federal budget includes an investment tax credit: the credit rate is 60% for direct air capture projects, 50% for all other carbon capture projects, and 37.5% for transportation, storage, and use from 2022 to 2030. From 2031 to 2040, the tax rates drop to 30%, 25%, and 18.75%.The boost in activity is reflected in recent CCS‑related updates reported in JPT: - ExxonMobil joined CF Industries and EnLink in a blue ammonia project in Louisiana that could capture and store 2 million metric tons of CO2 starting in 2025. - Technip Energies signed a letter of intent to design and build a large-scale floating storage and injection hub offshore Australia. It would be the world’s first, since to date, offshore carbon capture and storage projects use pipelines to transport CO2 to injection sites. - Equinor and Wintershall Dea have agreed to develop a comprehensive CCS supply chain system connecting Germany with CSS storage on the Norwegian Continental Shelf. - Texas and Louisiana are stepping up efforts to assume regulatory authority for an emerging wave of CCS projects.- In October, Canada released draft guidelines on how new oil and gas projects should demonstrate “best-in-class” greenhouse gas emissions performance. SPE’s CO2 Storage Resources Committee, under the SPE Carbon Dioxide Capture, Utilization, and Storage Technical Section, published Storage Resources Management System (SRMS) Guidelines to support the commercialization of CO2 storage. Released in September, the guidelines include suggestions for the application of the SRMS with the intent of including details of the processes of quantification, categorization, and classification of storable quantities so that the subjective nature of subsurface assessments can be consistent between storage resource assessors. The role of petroleum engineers in achieving technically sound results in energy transition projects of all kinds was highlighted during a presentation at the SPE Annual Technical Conference and Exhibition by Josh Etkind, global upstream deepwater digital transformation manager for Shell, and Rita Esuru Okoroafor, assistant professor, Texas A&M University, Harold Vance Department of Petroleum Engineering. In their presentation in the SPE Pavilion, “Transferable Skills: Petroleum Engineering and Geoscience Skills Are Shaping the Low-Emission Energy Transition,” they shared a chart showing the core oil and gas-related technical skill sets required for low-emission energy technologies. Etkind and Okoroafor emphasized the opportunities offered by the technologies shown in the chart below for upstream petroleum engineers and young engineers entering the industry. Looking only at CCS, the Global CCS Institute’s call for the growth of global CO2 storage to “billions of tons per year to meet climate targets” from the current 40 mtpa also points to a growing need for the relevant skills and technical knowledge.

Climate change induced sea-level rise (SLR) is on its increase globally. Regionally the lowlands of China, Vietnam, Bangladesh, and islands of the Malaysian, Indonesian and Philippine archipelagos are among the world’s most threatened regions. Sea-level rise has major impacts on the ecosystems and society. It threatens coastal populations, economic activities, and fragile ecosystems as mangroves, coastal salt-marches and wetlands. This paper provides a summary of the current state of knowledge of sea level-rise and its effects on both human and natural ecosystems. The focus is on coastal urban areas and low lying deltas in South-East Asia and Vietnam, as one of the most threatened areas in the world. About 3 mm per year reflects the growing consensus on the average SLR worldwide. The trend speeds up during recent decades. The figures are subject to local, temporal and methodological variation. In Vietnam the average values of 3.3 mm per year during the 1993-2014 period are above the worldwide average. Although a basic conceptual understanding exists that the increasing global frequency of the strongest tropical cyclones is related with the increasing temperature and SLR, this relationship is insufficiently understood. Moreover the precise, complex environmental, economic, social, and health impacts are currently unclear. SLR, storms and changing precipitation patterns increase flood risks, in particular in urban areas. Part of the current scientific debate is on how urban agglomeration can be made more resilient to flood risks. Where originally mainly technical interventions dominated this discussion, it becomes increasingly clear that proactive special planning, flood defense, flood risk mitigation, flood preparation, and flood recovery are important, but costly instruments. 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Western Australia Leads to Crack Diabetes Code. China Intends to Push for GM Crop Studies. Taiwan Government to Fund Biotech Industry Development. Australian Scientists Collaborate with US Researchers on Lupus Research. Japan to Increase its Expenditure on Sciences. Bird Flu Moves Closer to Italy, Britain, France, Germany and Nigeria. Dr Reddy's Acquires Betapharm. Singapore EDB Aims to Attract $10 Billion Research Investments. Singapore at the Forefront of Lipid Research. Bristol-Myers Squibb Licenses AIDS Drug Free to Third World Drug Manufacturers.

AbstractThis study focuses on the relationships between host family success, social integration, length of stay and acquisition of adolescent language by students on extended international homestay programmes. Degree of adolescent language acquisition and integration is measured by use of two hallmarks of adolescent language: markers of approximation (e.g. “and stuff”) and intensification (e.g. “like”). Participants are 26 German teenagers on either a 5- or a 10-month exchange to Australia. Their use of approximation and intensification markers is measured quantitatively before arriving in Australia and then after 5 months of living in the host country. Host family relations and levels of social integration are measured qualitatively by analysis of interview content and responses to a Language Contact Profile. Results indicate that there is a direct link between host family relations, social integration and acquisition of markers of adolescent language. Additionally, exchange students on a 5-month exchange use fewer of those approximation and intensification markers most associated with Australian adolescent language than students on a 10-month programme. This can be explained by lower investment and integration in the Australian adolescent community.

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Abstract The economic imbalances that characterize the world economy have unequally distributed costs and benefits. That raises the question of how countries could run long-term external surpluses and deficits without significant opposition against the policies that generate them. We show that political discourse helps to secure public support for these policies and the resulting economic outcomes. First, a content analysis of 32 000 newspaper articles finds that the dominant interpretations of current account balances in Australia and Germany concur with very distinct perspectives: external surpluses are seen as evidence of competitiveness in Germany, while external deficits are interpreted as evidence of attractiveness for investments in Australia. Second, survey experiments in both countries suggest that exposure to these diverging interpretations has a causal effect on citizens’ support for their country’s economic strategy. Political discourse, thus, is crucial to provide the societal foundation of national growth strategies.

As world financial markets are integrated, national stock markets tend to move together. Empirical evidence on correlations among equity markets worldwide suggests an increasing interdependence between most national markets in recent years. This is disconcerting, to say the least, to investors and portfolio managers seeking risk diversification via global equity investing. The objective of this study is to investigate whether there is still room for global portfolio diversification from the U.S. perspective. Specifically, this research examines the statistical significance and magnitude of diversification benefits arising from equity investments in Asia-Pacific (Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Singapore, South Korea and Taiwan) and Europe (Austria, Belgium, Denmark, France, Germany, Italy, the Netherlands, Sweden, Switzerland and the United Kingdom) over the period of November 1998 through October 2006. The study provides insights about the extent to which the U.S. investors need to allocate their equity investments in Asia/Pacific and European stock markets so as to benefit from global diversification

Fuller data confirm the impression which we formed in May that OECD countries' total output did not change much in the first quarter. It probably increased by about ¼ per cent, with even this small rise attributable wholly to stock movements in the US. Final demand in the US fell and there were declines in total output in a number of countries, including Japan, Germany, Australia, the Netherlands, Switzerland and possibly Italy (for which there are conflicting estimates), white France achieved only marginal growth. The fall was notably severe in Germany, where construction suffered badly in the cold winter. This probably had a wider impact also, and, in North America at least, the initial effect of the slump in oil prices seems to have been depressive, with drilling activity sharply reduced, especially in the US. There may also have been a tendency for expenditure, perhaps on investment in particular, to be deferred in the expectation of falling prices and interest rates.

In many developing countries, remittance payments from migrant workers are observed as an increasing magnitude and becoming a significant source of foreign reserve earnings. Remittances inflow is noted to be very useful in promoting household welfare, health, and education particularly in developing countries. Inflows of remittances to India have experienced a sharp rise in last three dictates. Remittances have also emerged as a more important and stable source of foreign exchange inflow compared to official development assistance, foreign direct investment or other types of capital flows in particular in developing countries.Among countries today, the top recipient countries are India with $79 billion, followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion) (World Bank 2019).Available evidences indicate that migrant labour flows from India since 1990s have not only registered impressive growth, in respect of the traditional destinations like United States of America (USA), United Kingdom (UK), Canada and the Gulf countries but also have diversified and expanded to newly emerging migrant destinations in continental Europe (Germany, France, Belgium), Australasia (Australia, New Zealand), East Asia (Japan) and South-East Asia (Singapore, Malaysia).In this study we have concentrated on the long-run relationship between remittances inflow and the economic growth of India considering annual data over the period 1975-2016,In this purpose we have used VAR (The vector auto regression) model for estimating the significance relationship and the direction of the relationship.

provide a powerful lift to growth—both in the short and the long term—if they are well aligned with individual country conditions . These include an economy’s level of development, its position in the economic cycle, and its available macroeconomic policy space to support reforms. The larger a country’s output gap, the more it should prioritize structural reforms that will support growth in the short term and the long term—such as product market deregulation and infrastructure investment. Macroeconomic support can help make reforms more effective, by bringing forward long-term gains or alleviating their short-term costs . Where monetary policy is becoming over-burdened, domestic policy coordination can help make macroeconomic support more effective. Fiscal space, where it exists, should be used to offset short-term costs of reforms. And where fiscal constraints are binding, budget-neutral reform packages with positive demand effects should take priority. Some structural reforms can themselves help generate fiscal space. For example, IMF research finds that by boosting output, product market deregulation can help lower the debt-to-GDP ratio over time. Formulating a medium-term plan that clarifies the long-term objectives of fiscal policy can also help increase near-term fiscal space. With nearly all G-20 economies operating at below-potential output, the IMF is recommending measures that both boost near-term growth and raise long-term potential growth. For example: ? In advanced economies, these measures include shifting public spending toward infrastructure investment (Australia, Canada, Germany, United States (US)); promoting product market reforms (Australia, Canada, Germany, Japan, Korea, Italy) and labor market reforms (Canada, Germany, Japan, Korea, United Kingdom (UK), US); and fiscal structural reforms (France, UK, US). Where there is fiscal space, lowering employment protection is also recommended (Korea). ? Recommendations for emerging markets (EMs) focus on raising public investment efficiency ( India, Saudi Arabia, South Africa), labor market reforms (Indonesia, Russia, Saudi Arabia, South Africa, Turkey), and product market reforms (China, Saudi Arabia, South Africa), which would boost investment and productivity within tighter budgetary constraints particularly if barriers to trade and FDI were eased (Brazil, India, Indonesia). Governance (China, South Africa) and other institutional reforms are also crucial. Where policy space is limited, adjusting the composition of fiscal policy can create space to support reforms ( Argentina, India, Mexico, Russia). ? Some commodity-exporting EMs (Brazil, Russia, Saudi Arabia, South Africa) are facing acute challenges, with output significantly below potential and an urgent need to rebuild fiscal buffers. To bolster growth, Fund staff recommends product market and legal reforms to improve the business climate and investment; trade and FDI liberalization to facilitate diversification; and financial deepening to boost credit flows. IMF advice also aims to promote inclusiveness and macroeconomic resilience. The Fund recommends a targeted expansion of social spending toward vulnerable groups (Mexico), social spending for the elderly poor ( Korea), and upgrading social programs for the nonworking poor (US). Recommendations to bolster macrofinancial resilience include expanding the housing supply (UK), resolving the corporate debt overhang (China, Korea), coordinating a national approach to regulating and supervising life insurers (US), and reforming monetary frameworks (Argentina, China).

Purpose Motivated by recent evidence that securitized real estate returns exhibit higher levels of predictability than stock market returns and that feedback trading (FT) can induce returns autocorrelation and market volatility, the purpose of this study is to examine the impact of FT strategies on long-term market volatility of eight international real estate markets (UK, Germany, France, Italy, Sweden, Australia, Japan and Hong Kong). Design/methodology/approach Assuming that the return autocorrelation may vary over time and the impact of positive feedback trading (PFT) or negative feedback trading (NFT) could be a function of return volatility, the authors use a combination of a FT model and a fractionally integrated Generalized AutoRegressive Conditional Heteroskedasticity (GARCH) model. Findings The results are mixed, revealing that both PFT and NFT strategies persist. Specifically, the authors detect PFT in the real estate markets of France, Hong Kong and Italy as opposed to the real estate markets of Australia, Germany, Japan and Sweden where NFT was present. A noteworthy exception is the UK real estate market, with important and rational FT strategies to sustain. With respect to the long-term volatility persistence, this seems to capture the mean reversion of real estate returns in the UK and Hong Kong markets. In general, the results are not consistent with those reported in previous studies because NFT dominates PFT in the majority of real estate markets under consideration. Originality/value The main contribution of this study is the investigation of the link between short-term PFT or NFT and long-term volatility in eight international real estate markets, symmetrically. Particular attention has been given to the link between short-term FT and long-term volatility, by means of a fractionally integrated GARCH approach, a symmetric one. Moreover, investigating the relationship between returns’ volatility and investors’ strategies based on FT entails significant implications because real estate assets offer a good alternative investment for many investors and speculators.

The study attempts to identify the presence of randomness in the socially responsible indices (SRI) of the stock markets of developed and emerging economies. 9 developed and 5 emerging economies were considered for the test of randomness on daily, weekly, monthly, quarterly and semiannual return of socially responsible and their benchmark indices. The Shapiro-Wilk test is used to test the data's normality, whereas the runs test and Augmented Dickey-Fuller test are used to find the randomness of the data. It has been observed that the market could be more efficient and random for all time durations. Most of the non-randomness is seen in daily and weekly returns. However, inefficiency disappears as the time frame increases. The combination of runs and ADF tests show that South Africa, Singapore, and South Korea show randomness for all time durations, whereas the same randomness pattern for Brazil, Australia, Japan, Singapore, and South Korea. Arab, Austria, Germany, Nordic, and USA are not present in daily return and randomness for all other durations for both the test combinations. India and Egypt show non-randomness in daily and weekly returns and randomness for all other durations under the first test combination. It is also observed that most socially responsible investment indices resonate with the randomness patterns of benchmark indices. Socially responsible investors such as pension funds may find the article resourceful in identifying socially responsible investment destinations and diversifying their portfolios.

Antimony is a type of critical metal for the energy transition. The antimony industry chain is distributed among the major developed and developing countries around the world. With the development of clean energy technology, the demand for antimony in photovoltaic and energy storage fields will increase significantly. Considering the significant changes in the global demand for antimony products and the serious supply shortage, people should pay more attention to the supply risk of related products of the antimony industry chain. In this paper, we propose a new integrated index to evaluate the supply risk of antimony industry chain related products, including Herfindahl Hirschman index, global governance index, human development index, global innovation index, and betweenness centrality in complex networks. Meanwhile, seven commodities in the antimony industry chain are selected for empirical analysis from 2011 to 2019. The results show that countries with high supply risks of the industry chain upstream include Canada, France, Germany, India, Japan, Thailand, and the United Kingdom. And, Australia, India, Japan, Thailand, and Vietnam are with high supply risks in the midstream of the industry chain. Meanwhile, Canada, India, Japan, and Thailand are with high downstream supply risks. Some countries, like China, the United States, and Germany, play a core role in different sectors of the industry chain. International competitive relations of countries have caused a high supply risk of products related to the antimony industry chain. The supply risk of the antimony industry chain shows that countries must strengthen industrial division and cooperation to maximize their interests. It is suggested to take the country-specific measures to mitigate supply risks, including establishing national inventories of critical materials, overseas investment, strengthening the guidance of industrial policies, and accelerating infrastructure construction.

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