• Title/Summary/Keyword: Market economy

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Research on the Environmental Issues in China's Sustainable Economic Development

  • Zhao, Yue
    • The Journal of Industrial Distribution & Business
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    • v.7 no.1
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    • pp.15-17
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    • 2016
  • Purpose - During the past twenty years, China has developed rapidly in economy. Meanwhile China's economic development has brought great many problems. Sustainable development is to achieve coordination in the ecological, economic and social aspects. Among them, the environment and resource issues are the most critical issues which affecting sustainable development in China. With China's rapid economic development, China's ecological environment is facing the most serious threat in water pollution, air pollution, solid waste pollution and the destruction of forests and biodiversity, resulting in a significant loss of the national economy. This research aims to examine whether the tragedy of the commons has hindered the sustainable development of China's economy or not. On the other hand, we try to analyze a solution to improve this situation. Research design, data, and methodology - Theoretical background study, finding optimization models, and data analysis. Results - In the case of a clear definition of property rights, the air will have a market price. The market price will coordinate pollutant emissions. Conclusions - The tragedy of commons has hindered the sustainable development. The model of China's Economic development should be changed.

Estimation of the Demand Function of the Information and Communication Construction Business

  • Kwak, Jeong Ho;Lee, Jemin Justin;Lee, Han-Joo;Lee, Bong Gyou
    • KSII Transactions on Internet and Information Systems (TIIS)
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    • v.9 no.8
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    • pp.3249-3257
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    • 2015
  • The smart convergence environment, in which all industries are converged around ICT infrastructure -- with the eventual inclusion of both industry and culture -- looms. With the emergence of new convergence industries such as smart medicine, smart cities, and smart automobiles, the ICT infrastructure is recognized as the foundation of the overall economy. As such, the importance of the next generation of information and communication construction businesses, which constructs the ICT infrastructure, is highlighted under the smart convergence paradigm environment; various multilateral policies to foster the information and communication construction business -- led by the Ministry of Science, ICT, and Future Planning -- are being implemented. Like other infrastructure industries, however, the estimation of the demand function of the information and communication construction business overall is essential for effectively establishing promotional policies for information and communication construction businesses. However, there has been no study which theoretically estimates the market demand function in the information and communication construction business thus far. The pursuit of a creative economy is a national agenda, as the significance of accelerating the ICT infrastructure is emphasized. Therefore, this paper seeks to estimate quantitatively the demand function in the information and communication construction business using empirical data and a statistical model and then to present policy implications which will aid the development of the information and communication construction business.

Fair Competition: The Concept of Regulation in the Sharing Economy

  • FAJAR, Mukti
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.11
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    • pp.637-645
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    • 2020
  • A free-market economic system supported by the progress of the Industrial Revolution 4.0 has given birth to a sharing economy with a disruptive business model. In many ways, this business model is more effective, efficient, and makes it easy for businesses and consumers. However, because disruptive innovation is not asymmetrical with the conventional business that sustains innovation, several regulatory issues arise because it is fundamentally very different and cannot be regulated by standard law. Disruptive innovation may create chaos if it is regulated by norms that are used to regulate conventional business. This research was conducted with a normative method, which examines various theories, principles, laws and regulations to get justification for how the law should govern. The findings of this study are: competition law must be designed pragmatically so that it can keep pace with changes in business models that are rapidly changing. For this reason, it is necessary to shift regulatory authority from the Government to business people to make self-regulation, as a rule, that was born from the agreement of the business actors themselves. Self-regulation is considered more effective in maintaining fair competition, so that the market will be more dynamic, and consumers will be more prosperous.

Efficiency of Sterilization Policies by the State Bank of Vietnam

  • HOANG, Hang Thi Thanh;NGUYEN, Phung Thi Kim;NGUYEN, Phuc Tran
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.10
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    • pp.87-94
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    • 2020
  • This study aims to evaluate the effectiveness of sterilization in Vietnam. We estimate a simultaneous equation by using Two-Stage least squares (2SLS) regression analysis. The time-series data was collected for the first quarter of 2004 to the fourth quarter of 2018. In particular, the effectiveness of sterilization is considered in terms of dollarized economy, since making the transition from a centrally planned to a market economy system, the Vietnamese economy has remained in a state of dollarization. In addition, we also assess whether the global financial crisis had an impact on the sterilization effectiveness of the State Bank of Vietnam (SBV). On the basis of the estimated sterilization and offset coefficients, our results suggest that the State Bank of Vietnam (SBV) has not been able to fully neutralize the impact on the domestic money supply when intervening in the foreign exchange market, and the capital inflows respond strongly to changes in domestic monetary conditions. The results also show that the global financial crisis has changed the effectiveness of these sterilization policies. An analysis of this study's empirical findings provides the opportunity to derive some recommendations that may assist in increasing the effectiveness of the State Bank of Vietnam's sterilization policies in the process of accumulating international reserves.

A Study on Suggestions for Progress of SW Industry in company with Regional Economy (SW산업의 지역동반 성장을 위한 제안에 관한 연구)

  • Kim, Dong-Min;Jang, Jung-Hwan;Lee, Doo-Yong;Zhang, Jing-Lun;Jho, Yong-Chul;Kim, Jeong-Hwan;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.14 no.4
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    • pp.303-311
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    • 2012
  • Recently SW is the key industry which leads the HW industry and service industry, but market size of SW is only 0.9% of GDP. It is necessary systematic and strategic support to create new SW market through SW convergence and to secure the global competitiveness. This paper deals with some strategic suggestions for progress of SW industry in company with regional economy. We survey and analyze the many SW support projects by government and take professional advice from some specialists of regional information industry promotion agency. We draw 10 strategic suggestions for support of SW industry. Also we analyze the relative importance of 10 strategic suggestions by AHP analysis.

South Korea's Role for the joint economic prosperity of South and North Korea

  • KANG, Jang-Oh
    • East Asian Journal of Business Economics (EAJBE)
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    • v.10 no.1
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    • pp.11-21
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    • 2022
  • Purpose - Beginning from the formation of the two governments, South and North Korea in 1948, North Korean collective economy as per trade in exchange strategies with right of way employed on heavy and chemical companies, against the external concerned with South Korean selling economy. This study aims to provide solutions for the joint economic prosperity of South and North Korea in the future. Research design, Data, and methodology - This study adopted a qualitative content analysis research method. This research method focuses on themes and concepts that are present in previous literature. This method seeks to derive relationships and meanings by analyzing themes and concepts within existing data. Result - According to qualitative textual analysis, the findings indicate that there are total seven solutions to lead the joint economic prosperity of South and North Korea (Technology Innovation, Energy and Construction, Construction companies and the Gulf market; Oppression via negotiation, Sports and Culture, Agenda-setting and Framing; Competition System). Conclusion - The Korean Government's association strategies outlines tackled in this study are uniform to each other because they are phased, peaceful, regular, and well-designed. But there were situations in which diminutive tenure North Korea approaches was enlisted beyond medium-to-lasting-period union strategies. North Korea should allow a free market whereby its citizens can freely trade among themselves and other people from South Korea.

A study on the domestic labor-with emphasis on the reproduction of labor power (가사노동의 성격에 대한 연구-노동력재생산을 중심으로)

  • 홍승아
    • Journal of Families and Better Life
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    • v.16 no.2
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    • pp.11-22
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    • 1998
  • The purpose of this study is to contribute to the theoretical understanding of the nature of domestic labor in relation to the capitalist economic system. In this study I adopted the reproduction of labor for the analytical term. Also I owed theoretical basis to the political economy to analyze the relation between domestic labor and capitalist economy. The family is a very important place which functions to maintain and change both the present and future labor what is called the reproduction of labor power. It also has a close relationship with the total society. The reproduction of labor power is divided by 'gender division of labor' which allocates the responsibility to one gender(women) and exempts it to another gender(men). In conclusion the domestic labor is the very basis of capitalist economy and it is also the preliminary condition to its system. SO we can fully understand the capitalist economy with the 'visible' labor part and the 'invisible' domestic labor part inc usively. And we can also understand the interrelationship between family and labor market which constitutes one economic system and fuctions in it.

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Research on the development of green chemistry technology assessment techniques: a material reutilization case

  • Hong, Seokpyo;Ahn, Kilsoo;Kim, Sungjune;Gong, Sungyong
    • Environmental Analysis Health and Toxicology
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    • v.30 no.sup
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    • pp.2.1-2.11
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    • 2015
  • Objectives This study presents a methodology that enables a quantitative assessment of green chemistry technologies. Methods The study carries out a quantitative evaluation of a particular case of material reutilization by calculating the level of "greenness" i.e., the level of compliance with the principles of green chemistry that was achieved by implementing a green chemistry technology. Results The results indicate that the greenness level was enhanced by 42% compared to the pre-improvement level, thus demonstrating the economic feasibility of green chemistry. Conclusions The assessment technique established in this study will serve as a useful reference for setting the direction of industry-level and government-level technological R&D and for evaluating newly developed technologies, which can greatly contribute toward gaining a competitive advantage in the global market.

Preliminary study on effectiveness of business improvement applying the method of process management for small construction company (지역중소건설업체의 프로세스관리를 통한 업무개선효과에 대한 기초연구)

  • Kim, Ki-Deok;Lim, Hyung-Cheol
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.315-316
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    • 2012
  • The construction industry in the local areas business as the archetypal local one is effectuating industrial production, create employment and so on to perform a significant part in keeping local economy also reviving sluggish economy. The construction stagnation in market may cause severe economic depression in local which leads to having a crippling impact on local constructive industry, in terms of the phenomenon is on the interrelation between the local construction industry and local economy, with regard to local economy which is not covered by firm based industries is wield strong influenced over by construction industry. The object of this study is to research possible improvement factors on the preferential basis by only companies' efforts, therefore the policy of government or local self-governing body in support may be unnecessarily involved after grasping faced practical problems at regional construction companies from analysing the present condition of local construction marketplace and companies.

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Innovative Transformation of Higher Engineering Education in Russia

  • Semenova, Valeriia Valerevna;Bank, Sergey Valeryevich;Skachkova, Mariya Anatolyevna;Trenev, Nikolay Nikolaevich;Goryainova, Anna Igorevna
    • International Journal of Computer Science & Network Security
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    • v.22 no.11
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    • pp.172-176
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    • 2022
  • Modern society unanimously recognizes the importance of education for the constructive socio-economic development of the global economy and adopts humanistic principles for building social interaction both at the state and interstate levels. The study aims at analyzing the main directions of transforming the system of higher engineering education with due regard to the actual needs of the labor market caused by the digitalization of the economy, as well as changes in the content and methodology of implementing the main socially significant processes that ensure the vital activities of modern society.