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COMMERCIAL EXPLOITATION (2) answer(s).
 
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ID:   128424


Enter Asia: the arctic heats up / Blank, Stephen   Journal Article
Blank, Stephen Journal Article
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Publication 2014.
Summary/Abstract The Arctic, always before on the frigid edges of the international imagination, is becoming a hot topic in world affairs, particularly in Asia, because of its virtually untapped resources and increasing strategic importance. In 2012, the amount of cargo transported through the region more than doubled, and in May 2013 the Arctic Council, traditionally membered by Europe's Nordic countries, along with Russia, Canada, and the US, granted observer status to China, Japan, India, South Korea, Singapore, and Italy, a reminder that climate change is opening the Arctic to wider use and commercial exploitation, especially by Asian interests. Indeed, a Chinese shipping company sent that country's first commercial voyage through the Arctic in September 2013. And Russia is negotiating with Korean shippers about using the Northern Sea Route (NSR) for energy shipments. These developments are already bringing the Arctic and Asian security agendas together, and in the process changing Asia's strategic boundaries and planning.
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2
ID:   085886


Islamic endowments and the land economy in Singapore: genesis of an ethical capitalism, 1830-2007 / Ampalavanar Brown, Rajeswary   Journal Article
Ampalavanar Brown, Rajeswary Journal Article
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Publication 2008.
Summary/Abstract This paper emphasizes the deeply embedded economic interests of Islamic charities: the accumulation of land and property, commercial and financial activities, rather than their role in providing social welfare, educational opportunities, and facilities for individuals to perform the Hajj. These entrepreneurial priorities are global, since the waqf (Islamic endowment) is linked to the homeland of the founders in the Hadhramaut and to Saudi Arabia. The paper appraises the application and success of Islamic finance in the commercial exploitation of these assets. The focus then shifts to the role of shari'a law in determining and shaping the issuance of bonds and derivatives. Throughout the paper, attention is given to the nature of an 'ethical capitalism' that emerges, and a brief comparison is drawn with the Chinese or Confucianist Tong (lineage).
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