GDP Dynamics, Industrialization and Market Reforms in China
“GDP Dynamics, Industrialization and Market Reforms in China” // “The China Journal”, October, 2012
There are a lot of changes in all spheres of life in China, including art, in the end of 1970. This leads to appearance of new directions in art, also brings the fundamental changes in principles of art of China. Wang Guangyi is considered to be the founder of the Political Pop art. Political Pop art is one of the leading directions in contemporary Chinese art in the beginning of the 90th. This article is devoted to the oeuvre of Wang Guangyi and the process of appearance of Political Pop art, its prerequisites, conceptions and stylistic characteristics.
In the coming decades in the process of globalization the position of the USA and Europe will weaken, while the role of developing countries will increase. The role of the two largest emerging economies – China and India – will be of special significance. What future will these fast-growing giants face? The demographers agree that pretty soon India will lead the world in population and thus surpass China, while China will encounter serious ageing population problems. But economic and political scenarios of the future are quite different: from resounding success and world leadership to collapse caused by demographic and socio-political troubles. Which of them is more feasible? In the present article I analyze the Chinese and Indian development models separately and comparatively and make a forecast of their perspectives in the twenty-first century. Such an analysis could be helpful for understanding Russia's ways of development.
Teacher quality is an important factor in improving student achievement. As such, policymakers have constructed a number of different credentials to identify high quality teachers. Unfortunately, few of the credentials used in developing countries have been validated (in terms of whether teachers holding such credentials actually improve student achievement). In this study, we employ a student-fixed effects model to estimate the impact of teacher credentials on student achievement in the context of the biggest education system in the world: China. We find that having a teacher with the highest rank (a credential based on annual assessments by local administrators) has positive impacts on student achievement relative to having a teacher who has not achieved the highest rank. We further find that teacher rank has heterogeneous impacts, benefiting economically poor students more than non-poor students. However, whether a teacher attends college or holds teaching awards does not appear to provide additional information on teacher quality (in terms of improving student achievement). © 2015 Elsevier Inc.
The article deals with the concept of intercultural communication as the transfer of information, cooperation and management of business projects, taking into account partners' national peculiarities and mentality. indicators created by G. Hofstede and F. Trompenaars, who made a great contribution to the study of cross-cultural communication, are considered based on the example of the basic principles of intercultural communication in cooperation with Chinese representatives. The conclusion based on the results of the work is that one needs to follow a number of basic principles set out in the article, targeting the fruitful cooperation with Chinese partners.
China's economic success is largely determined by very low population dependency ratio. This situation was a result of the demographic policy in the PRC. However, another consequence of the same policy becomes imminent rapid aging of China's population. It is very likely that by the early 2030s the country after half a century of unprecedented success will enter a period of coping.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.