Human capital,instability and foreign investment in transition economies

I argue that the West should lend money to the former Soviet Union and Eastern Europe (FSUEE) to prevent excessive deterioration of its human capital stock. Such loans can improve the recipient countries' welfare by allowing them to enjoy the long-run benefits of a large human capital stock without incurring the costs of maintaining these stocks through lean economic times. The West can receive a fully competitive rate of return on these loans, and future foreign investors will be able to earn high rates of return by supplying physical capital to a newly stabilized FSUEE with abundant human capital.     

Bilateral investment treaties: an empirical analysis of the practices of Brazil and China

Bilateral investment treaties (BITs) have proliferated, particularly in the last two decades. Among the large emerging markets, Brazil and China are the largest emerging countries in South America and Asia, respectively. Foreign investors have mostly perceived these two countries as the sought-after places with great potentialities and attractiveness. However, Brazil and China have adopted completely different strategies regarding BITs. The objective of this paper is to make an empirical and comparative study of the experiences of Brazil and China by answering the following questions: Why did the two large emerging economies adopt such different positions concerning BITs? Does the hostile approach or the proactive approach depend exclusively on economic and political factors? What are the advantages and disadvantages of the BITs? Do the practices of Brazil and China reflect the problems or the positive impacts of the existing BITs?     

船舶民间融资方式、法律保障及相关对策

结合中国民间资金投入船舶业的现状,分析民间融资中相关问题,为政府鼓励、支持民间资金对中国船舶业的支持作用提出若干建议。     

State crises and the crackdown on crime under Reagan

This article explores the United States' crackdown on crime in light of other state agency policy shifts under the Reagan administration, such as those affecting the poor, the unemployed, the rich, and the corporate world. Actions across these realms manifest continuity, as identified through the investigation of the state's duel roles of accumulation and legitimation. The fiscal and legitimation crises that develop corollary to state functioning in advanced capitalistic societies are drawn upon to interpret the creation of a new crime problem and get tough response across the United States over the 1980s. Different state policy directions are discussed as they have operated for the accumulation of the few at the expense of exacerbated inequality and injustice for all. Conclusions suggest that such developments hold the potential to call forth new callenges and change.     

Administrative and policy issues in reimbursement for nursing home capital investment.

The way in which states reimburse for nursing home capital costs can create incentives for nursing home owners to use the home primarily as a vehicle for real estate speculation, with potentially adverse consequences for patient care. In order to help promote and control the stability, adequacy, and quality of capital investment in long-term care, an increasing number of states are using a fair-rental approach for calculating capital reimbursement. In this article we compare the fair-rental approach with traditional cost-based capital reimbursement in terms of administration and policy. We discuss issues of concern to the state (cost and reimbursement design options) and the investor (after-tax cash flows, rate of return, etc.). Our analysis suggests that fair-rental systems may be superior to traditional cost-based reimbursement in promoting and controlling industry stability, while at the same time providing an adequate return to investors, without incurring long-term increases in the costs of administering programs.     

Foreign direct investment and human capital in developing countries: a panel data approach

Theoretical studies have shown that there is a direct relationship between human capital and foreign direct investment (FDI). However, only a few available empirical studies have attempted to investigate this relationship simultaneously. Using country level panel data from 55 developing countries over the 1980–2011 period, this paper examines the interrelationship between FDI and human capital. Statistical analysis, based on simultaneous equations fixed effect estimation, reveals significant bi-directional causality between human capital and FDI, which suggests that FDI and human capital development policies need to be coordinated. FDI-led economic growth models may not be entirely suitable for all developing countries aiming to replicate the economic success of countries such as Brazil and China unless attention is also paid to human capital development through increased spending on education and training.     

Investigating the legal protection of data,information and knowledge under the EU data protection regime

Information science distinguishes between the semantic forms/intangibles of data, information and knowledge. Data (e.g. an attribute of a data record in a relational database) does not have any meaning by itself. Information is data brought into context (e.g. data related to its primary key), and knowledge is the collection of information for useful intent (e.g. a database). This paper investigates the mapping of semantic forms in information science (i.e. data, information, knowledge) to correlative concepts in information law (primarily data protection legislation) with a view to investigating how such semantic forms are legally protected. The paper first proposes a data, information, knowledge, rules (DIKR) hierarchy in the context of relational database theory, and interprets this hierarchy with respect to data protection concepts. The paper then gives an in-depth discussion of the elements of the DIKR hierarchy (data, information, knowledge, deduced knowledge, induced knowledge) and how they relate to the EU Data Protection Directive 95/46/EC. These relationships are summarized in the form of a two dimensional correlation matrix. Finally the paper discusses how the semantic forms identified are protected under the EU Data Protection Directive, and gives insightful observations about the connection between information law and information science.     

Democracy, rule of law and human rights protection under gradually developed constitutionalism

With the shifting of the economic pattern and the developing of administrative law, the modern constitutionalism of China has adopted a progressive development process. Over 20 years, the development of democracy, the rule of law and the human rights protection clearly illustrate this point. For the gradually developing constitutionalism, the theory of limited rational is a theoretical basis, the stability of society is a social basis, the changing economic system is a economic basis, and Confucianism is a cultural basis. Constitutionalism of China should continue to go in such an active, steady and gradual way. Wang Zhuojun, Professor and Director of Administrative Affairs of Soochow University (till now) and as a visiting scholar in the Department of Government & Politics, University of Maryland, USA (1996.1–1997.1), whose research focuses on culture, politics and science of law. So far, his publications are “The Political System in the Perspective of Culture”, “A History of Epistemology”, “A Study of the External Economy of China’s Universities”, and his translations include “Introduction to Culture and Anthropology”, “Challenge to Culture from Science and Technology”, etc. Moreover, He has presided several research projects sponsored by The Ministry of Science and Technology of China and the Education Department of Jiangsu Province, China.     

Technology investment, bargaining, and international environmental agreements

If countries are to engage in international environmental cooperation, they must bargain over the distribution of gains. When future bargaining over pollution abatement is expected, how should a country decide on public technology investments to reduce the domestic cost of pollution abatement? I find that while countries tend to underinvest because they fail to internalize the global benefits of new technology, the magnitude of the problem depends on a country’s bargaining power. Powerful countries underinvest less frequently, because they expect to reap most of the global benefits from new technology in the international negotiations. I also investigate the effectiveness of a simple reciprocal technology agreement. I find that it can help solve the underinvestment problem, and this beneficial effect is particularly pronounced in the case of powerful countries. These findings imply that changing the bargaining protocol on climate change to the benefit of powerful countries may help secure the necessary technology investments.     

Cross border data transfer: Complexity of adequate protection and its exceptions

The majority of the fear that exists about the cloud arises due to the lack of transparency in the cloud. Fears have persisted in relation to how the data are frequently transferred in a cloud for various purposes which includes storing and processing. This is because the level of protection differs between countries and cloud users who belong to countries which provide a high level of protection will be less in favour of transfers that reduce the protection that was originally accorded to their data. Hence, to avoid client dissatisfaction, the Data Protection Directive has stated that such transfers are generally prohibited unless the country that data is being transferred to is able to provide ‘appropriate safeguards’. This article will discuss the position of the Data Protection Directive and how the new General Data Protection Regulation differs from this Directive. This involves the discussion of the similarity as well as the differences of the Directive and Regulation. In summary, it appears that the major principles of the cross border transfer are retained in the new regulation. Furthermore, the article discusses the exceptions that are provided in the standard contractual clause and the reason behind the transition from Safe Harbor to the new US-EU Privacy Shield. This article subsequently embarks on the concept of Binding Corporate Rule which was introduced by the working party and how the new regulation has viewed this internal rule in terms of assisting cross border data transfer. All the issues that will be discussed in this article are relevant in the understanding of cross border data transfer.     

Start-ups among university employees: the influence of legitimacy,human capital and social capital

Using a sample of 7,260 university employees, we investigate how legitimacy, social and human capital influence the employees’ start-up propensity. We find that scientific legitimacy, as measured by the number of recently published peer reviewed scientific articles, and conference papers accepted had no significant effect. Scientific legitimacy measured as publications in non-peer review journals even had a negative effect. Popular legitimacy showed mixed results. Measured as number of articles in popular science publications showed positive correlations and other public media appearances had a non significant effect on start-up propensity. Individuals who are older and have higher level of human capital, measured as level of education are less likely to start firms. We also found that, people with more social capital, such as contact with external product development teams are more likely to start new firms. Taken together, the findings suggest that activities spanning the university-business divide increase the start-up propensity, while within university activities had no, or negative effects on the propensity. Consequently, universities interested in encouraging their employees to start firms should focus their attention on creating spanning activities rather than improving conditions for within university tenure.