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ID:
124864
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| Publication |
2013.
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| Summary/Abstract |
An objective assessment reveals that India, simply because it is a democracy, will be no less likely than China as a rising power to pose significant challenges to U.S. interests. While Washington has basically gotten its China policy right, a new approach to India is needed.
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| 2 |
ID:
130915
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| Publication |
2014.
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| Summary/Abstract |
The article empirically evaluates the role of financial intermediation in India's economic development. An assessment of various indicators of financial development reveals that both the bank-based and market-based intermediation processes have undergone remarkable improvements in the last six decades. While credit disbursement by Indian banks has increased sharply in the past decades, it is still below the world average level and even below the level of its emerging market and developing economies (EDEs) peers. However, in recent years, the market capitalisation of the Indian stock market has increased indicating greater reliance on market-based sources of funding. One-way Granger causality from private sector credit to real GDP confirms the supply-leading process of bank intermediation, while no causality was found between stock market capitalisation and real GDP. The ARDL co-integration test suggests that both the bank-based and market-based financial deepening have positive roles in driving India's economic development, while the former has a stronger role in driving India's economic growth. The findings indicate that in a relatively bank-centric financial sector, Indian banks have the potential of further channelisation of credit to productive sectors of the economy.
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| 3 |
ID:
124893
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| Publication |
2013.
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| Summary/Abstract |
This paper explains the extraordinary rise of the Beijing Hyundai Motor Company (BHMC), a joint venture between a state-owned enterprise run by the Beijing municipal government and Hyundai Motor Company. Within the span of three years, the BHMC soared to become China's second-ranked automotive manufacturer in terms of units sold. I highlight the role of the Beijing municipal government in creating favourable market conditions for the BHMC during its initial operation phase (2002-2005). The Beijing municipal government selectively adopted protectionist measures and liberalizing measures to promote its locally based company. I characterize this practice as fragmented liberalization, a system through which sub-national governments discriminately apply WTO or central government regulations to promote their local joint venture partner. In so doing, I also challenge the existing assumption that multinational companies are the drivers of economic liberalization, by showing Hyundai's support for local protectionism and industrial policy at the sub-national level.
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| 4 |
ID:
124942
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| Publication |
2013.
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| Summary/Abstract |
What role does China play in the recent rush for land acquisition in Africa? Conventional wisdom suggests a large role for the Chinese government and its firms. Our research suggests the opposite. Land acquisitions by Chinese companies have so far been quite limited, and focused on production for African consumption. We trace the evolution of strategy and incentives for Chinese agricultural engagement in Africa, and examine more closely several of the more well known cases, sorting out the myths and the realities.
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| 5 |
ID:
172440
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| Summary/Abstract |
In the last half a decade or so, both China and the Gulf region have achieved phenomenal growth experiences in their own rights. While this success is applauded, marginal progress, going forward, proves to be more challenging. Seizing the opportunity, however, both sides can cooperate to complement each other to further open new horizons to their respective societies. While China’s product markets need diversity, and factories require oil, and its grand projects look for financing sources, the Gulf is in search of diversifying their markets, profitably investing their accumulated financial wealth, and employing the youth. Both sides have more than sufficient reasons to join forces for a “win-win” proposition.
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| 6 |
ID:
122680
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| Publication |
2012.
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| Summary/Abstract |
Heavy airlifters are arguably one of the most important and key aspect of managing an active war zone. The need to transport large numbers of troops, material equipment, and vehicles is easily accomplished with these. The average airlifter can ferry up to 20,000 troops while heavy lifting helicopters can hold about 60 peoples.
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