• Title/Summary/Keyword: Management Regime

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Impact of Exchange Rate Volatility on Trade Balance in Malaysia

  • AZAM, Abdul Hafizh Mohd;ZAINUDDIN, Muhamad Rias K.V.;ABEDIN, Nur Fadhlina Zainal;RUSLI, Nurhanani Aflizan Mohamad
    • The Journal of Asian Finance, Economics and Business
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    • v.9 no.10
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    • pp.49-59
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    • 2022
  • This paper examined the impact of real exchange rate volatility on trade balance in Malaysia by using quarterly data from year 2000 until 2019. Generalized Autoregressive Heteroscedasticity (GARCH) model was used to extract the volatility component of real exchange rate before examining its impact on trade balance. Furthermore, Autoregressive Distributed Lag (ARDL) model was used to investigate the long-run relationship and short-run dynamic between trade balance, money supply, national income and volatility of exchange rate. Empirical results show the existence of co-movement between variables under study in the long-run. However, the results also suggest that volatility of real exchange rate does not significantly affect trade balance neither in the long-run nor short-run. The risk which is associated in the movement of exchange rate do not influence trader's behaviour toward Malaysia exports and imports. Thus, it should be note that any depreciation or appreciation in Malaysian Ringgit do not have an impact towards trade balance either it is being further improved or deteriorates. Hence, exchange rate volatility may not be too concern for policymakers. This may be partially due to manage floating exchange rate regime that has been adopted by Malaysia eventually eliminated the element of risk in the currency market.

A Study on North Korea's Residential Environment in the Kim Jong-un

  • Sun-Ju KIM
    • The Journal of Economics, Marketing and Management
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    • v.11 no.4
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    • pp.11-18
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    • 2023
  • Purpose: The purpose of this study is to present policy implications by analyzing the residential environment in North Korea under the Kim Jong-un regime. Research design, data, and methodology: Residential environment analysis was reviewed by dividing it into physical, socio-cultural, economic, environmental, and policy aspects. Results: Pyongyang are considerably superior due to it being the residence of the country's leadership and middle class. Secondly, there is a concerning problem with the provision of substandard housing. Construction materials are in short supply, and unreasonable timelines often lead to uninhabitable houses, signaling a need for assistance in housing construction. Thirdly, there is a severe lack of essential residential infrastructure, such as reliable electricity and clean water supply, which significantly impacts the quality of life. Lastly, due to the country's economic hardships, basic housing rights are not guaranteed, leading to deplorable living conditions for many North Koreans. The report suggests that these issues should be addressed through international aid to guarantee the basic human rights of North Koreans. Conclusions: In North Korea, the poor living environment deteriorates the health and quality of life of citizens and adversely affects social and economic development. Therefore, international support and cooperation to improve the living environment of North Koreans is important.

A Legal Study on the Fisheries Management System in Japan (일본(日本)의 어업관리제도(漁業管理制度)에 관한 법적 고찰)

  • Cha, Cheol-Pyo
    • Journal of Fisheries and Marine Sciences Education
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    • v.9 no.2
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    • pp.121-148
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    • 1997
  • The Japanese fishery management system has been established on the basis of various experience accumulated over many years. The fishery management system in Japan, one of the oldest fishery management systems in the world, is aimed at ensuring comprehensive utilization of the water surface and developing fishery productivity, by giving protection of the breeding environment of aquatic animals and plants, enabling the appropriate use of fishery grounds, preventing and solving disputes over fishery grounds and making other fishery adjustments. Japanese Fishery Law has been changed largely into (1) The Feudal Era(to 1900), (2) The Oldest Fishey Law(1901~48), (3) Current Fishery Law(1949 to present). Japanese fishery legislation is designed as a single package combining coastal, offshore and distant-water fisheries. During the period of the old fishery law, numerous conflicts arose over the joint use of fishing grounds and fish stocks. Such conflicts occurred among users of the same gear as well as between users of different gears or of different sizes of fishing craft. Large scale conflict sometime occurred between neighbouring fishing communities due to a lack of fairness in principle and coordination in practice. Therefore, the new fishery law enacted in 1949. This law was designed primarily to realize the most effective and rational use of fishing grounds and fishery resources, the basic philosophy being that, through democratic organization by fishermen themselves, productivity would be stimulated and incomes and living standards eventually improved. Nowadays, Community Based Fisheries Management through democratic organization by fishermen themselves have to enforce at coastal fisheries. This Community Based Fisheries Management manage to fishery resources by fishermen themselves and harvest in collaboration with that resources. Therefore, this paper is intended to briefly to describe the entire system and the historical development of Japanese fishery legislation in order to assist in reform of our country fisheries management regime.

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A Study on the Korean Fishery Management System and TAC System Implementation on Issues of the New Ocean Regime (신해양질서의 어업관리체계와 TAC 제도 도입에 관한 연구)

  • 이상고
    • The Journal of Fisheries Business Administration
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    • v.30 no.1
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    • pp.1-29
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    • 1999
  • When the international fisheries order changes following the UN Law of the Sea, the new regional fisheries order is forming among East North Asian states and era of Economic Zones is really coming. In those changes of foreign and domestic fisheries environment, to maintain sustainable growth of the industry in 21st century the North East Asian states plot adjustments to fisheries management, such as introduction of the TAC system and others. The TAC seems to be an appropriate systematic response especially because traditional functions of fisheries management have already demonstrated their limits in regards to fisheries sustainable development. Introduction of the TAC to the North East Asian fisheries not only resolves the inability of traditional fisheries management to develop the industry consequently, but also strengthens the EEZ and existing marine management systems. However, the TAC was born by thewestern industrial mentality, still contains persistent mistakes and is difficult to change. Therefore, its introduction to and implication in North East Asian region might cause numerous problems. From this point of view, introduction of the TAC system will disregard peculiarities of North East Asian fisheries, so main efforts should be concentrated on improving the functions of existing system via consecutive step-by-step approach. In addition, the TAC should be grafted into the existing fisheries system through cooperative management system, creating stable systematic ground and considering scientific and fisheries motives. Especially, TAC system, unlike the traditional fisheries' management system, is scientific, being systematically developed one, and needs to be gradually installed, considering its systematic character. Therefore, the TAC should better be introduced by systematic and scientific approaches, paying more attention to strengthening the existing fisheries system, but not immediately and in the form it is right now. Concluding, introduction of the TAC can not be made considering the outward factors deriving from the UN Law of the Sea without corrections.'h overcome limitations and ineffectiveness of traditional fisheries, most efforts should be concentrated on basic revision of 21st centuries' fisheries and strengthening the functions of traditional fisheries aimed to develop the leading business of marine industries.

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The Implementation of the Socialist Enterprise Responsibility Management System in North Korea and Its Limits (북한의 사회주의기업책임관리제 시행의 특성과 제도적 한계)

  • Jong-Woon Lee
    • Journal of the Economic Geographical Society of Korea
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    • v.27 no.3
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    • pp.240-256
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    • 2024
  • Through investigating the Socialist Enterprise Responsibility Management System, which forms the core of economic management improvement measures during the Kim Jong Un era, this article examines the changes of North Korea's state-owned enterprises management method and the tasks of corporate governance reform. The implementation of the Socialist Enterprise Responsibility Management System implies the regime's intention to institutionalize the market tendencies and at the same time increase its control of the economic sector. This paper analyzes the characteristics of the new enterprise management system and demonstrates the problems of the reform measures. This article could help in the further understanding of North Korea's recent economic situations and limitations of the state-owned enterprise reform in the Kim Jong Un era.

A Study on the Management of the Branch and the Publish of Socialist News Magazines (일제하 사회주의 잡지의 발행과 지국운영에 관한 연구)

  • Kim, Moon-Jong
    • Korean journal of communication and information
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    • v.40
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    • pp.7-44
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    • 2007
  • This study aims to review the socialist news magazines between 1925 and 1936 under the Japanese regime, then to analyze how they published and how they managed the branch. The socialist magazines appeared legally and officially right after the 3 1 movement when the ownership and publishing of newspapers and news magazines was partially allowed. However, there were many obstacles because the permission by the Japanese regime was a result of deceptive cultural policy. The Japanese government more sensitively responded to the socialists' related news stories rather than other types of publications. Due to over-censorship and financial difficulty, the life time of most socialists' news magazines was very short. However, these news magazines did play an important role to disseminate socialism. In doing so, because the news magazines were a part of social movements, the delivery network was also maintained based on social movements.

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Analysis of Key Factors in Operational Control Transition Resolution using Analytic Hierarchy Process (AHP) (계층적 분석방법(AHP)을 적용한 전시작전통제권 전환의 주요 결정요인 분석)

  • Park, Sang-Jung;Koh, Chan
    • Journal of Digital Convergence
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    • v.9 no.6
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    • pp.153-163
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    • 2011
  • This study analyzes the military and political factors that influenced the Participatory Government's resolution in Wartime Operational Control (OPCON) Transition. The research on key factors in OPCON transition firstly implemented literature research and then increased feasibility through additional use of AHP. The analysis results showed that there was a negative effect for Korean Peninsular Defense in the 'ROK-US Alliance Asymmetry' area, a positive effect to increase ROK-led Capability of Theater Operation in the 'ROK and U.S. Alliance Interdependence' area and a positive effect for Invocation of ROK Self-Defense Power in the 'Interests of Participatory Government's Liberal Regime' area respectively. After applying AHP, "ROK exercise of Self-defense" in the 'Interests of Participatory Government's Liberal Regime' area received the highest assessment, while the "Increasement of North Korea's Threat" in the 'ROK-US Alliance Asymmetry' area received the lowest assessment. This study is meaningful in that it analyzed the key military and political factors in the Participatory Government's resolution of Wartime OPCON Transition using AHP.

Design of Interoperable DRM System in Home Domain (상호 호환성을 위한 홈 도메인 DRM 설계)

  • Moon, Ju-Young
    • Journal of the Korea Society of Computer and Information
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    • v.15 no.12
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    • pp.117-123
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    • 2010
  • In this paper, we proposed the interoperable DRM(Digital Rights Management) system that allows to redistribute contents safely based on home domain. We tried to solve the problem about contents redistribution between devices under different DRM regime so that we suggested a interoperable DRM system that allow end users to redistribute contents within home domain can solve the restriction and the inconvenience occuring in using contents and at the same time protect the right of contents producer and provider as well. In order that end users can use freely their contents using home digital device without additional payment, we must build a home domain for interoperable DRM system for contents redistribution among devices. If both of exporting device and importing device are authenticated in home domain by HADM(Home Authorized Domain Manager), then the exporting device can redistribute packaged contents under importing DRM regime to the importing device by DIM(DRM Interoperability Manager).

The Modified Eulerian-Lagrangian Formulation for Cauchy Boundary Condition Under Dispersion Dominated Flow Regimes: A Novel Numerical Approach and its Implication on Radioactive Nuclide Migration or Solute Transport in the Subsurface Environment

  • Sruthi, K.V.;Suk, Heejun;Lakshmanan, Elango;Chae, Byung-Gon;Kim, Hyun-su
    • Journal of Soil and Groundwater Environment
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    • v.20 no.2
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    • pp.10-21
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    • 2015
  • The present study introduces a novel numerical approach for solving dispersion dominated problems with Cauchy boundary condition in an Eulerian-Lagrangian scheme. The study reveals the incapability of traditional Neuman approach to address the dispersion dominated problems with Cauchy boundary condition, even though it can produce reliable solution in the advection dominated regime. Also, the proposed numerical approach is applied to a real field problem of radioactive contaminant migration from radioactive waste repository which is a major current waste management issue. The performance of the proposed numerical approach is evaluated by comparing the results with numerical solutions of traditional FDM (Finite Difference Method), Neuman approach, and the analytical solution. The results show that the proposed numerical approach yields better and reliable solution for dispersion dominated regime, specifically for Peclet Numbers of less than 0.1. The proposed numerical approach is validated by applying to a real field problem of radioactive contaminant migration from radioactive waste repository of varying Peclet Number from 0.003 to 34.5. The numerical results of Neuman approach overestimates the concentration value with an order of 100 than the proposed approach during the assessment of radioactive contaminant transport from nuclear waste repository. The overestimation of concentration value could be due to the assumption that dispersion is negligible. Also our application problem confirms the existence of real field situation with advection dominated condition and dispersion dominated condition simultaneously as well as the significance or advantage of the proposed approach in the real field problem.

Impact of the Mekong River Flow Alteration on the Tonle Sap Lake in Cambodia

  • Lee, Giha;Kim, Joocheol;Jung, Kwansue;Lee, Hyunseok
    • Proceedings of the Korea Water Resources Association Conference
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    • 2015.05a
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    • pp.231-231
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    • 2015
  • Rapid development in the upper reaches of the Mekong River, in the form of construction of large hydropower dams and reservoirs, large irrigation schemes, and rapid urban development, is putting water resources under stress. Many scientific reports have pointed out that cascade dams along the Mekong River lead to serious problems: not only hydrologically but also a decline of agricultural productivity due to a decrease of sediment supply in the Mekong Delta and a change of fish amount due to drastic change of the water environment. Cambodia and Vietnam, located in the lowest Mekong basin, are gravely affected by radical changes of hydrologic regime due to Mekong River developments. In particular, the Tonle Sap Lake in Cambodia is very sensitive to the flood cycle and flow variation of the Mekong River as well as inflow water quality from the Mekong River. More than 50% of Cambodian GDP depends on the primary industries such as agriculture, fishing, and forestry, and the Tonle Sap Lake plays an important role to support the national economy in Cambodia. In addition, Cambodian people usually take nourishment from the fish of Tonle Sap Lake. This research aims to assess the impacts of the Mekong river flow alternation on the hydrologic regime of the Mekong River - Tonle Sap Lake. We carried out rainfall-runoff-inundation simulation using CAESER-LISFLOOD for integrated water resource management in the Tonle Sap Basin and then analyze flood inundation variation of the Tonle Sap Lake due to the scenarios. Furthermore, the simulated inundation maps were compared to MODIS satellite images for model verification and hydrologic prediction.

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