Begins with the Staff Report to the National Commission on Terrorist Attack on the United States, which indicates the methods used to trace, seize and freeze terrorist assets, and…
Abstract
Begins with the Staff Report to the National Commission on Terrorist Attack on the United States, which indicates the methods used to trace, seize and freeze terrorist assets, and the informal methods used by al‐Qaeda to transfer money. Questions the amount of progress made since September 11 to freeze funds. Focuses on encryption technology and how it allows illegal use of the Internet in the form of cyber laundering and e‐cash, and on the move by terrorists into narcotics production and trafficking ‐ which is defined as nacre‐terrorism. Describes efforts to proscribe cyber crime, including cyber laundering and cyber terrorism, including controls on privacy and encryption. Shows how business corporations can become involved with terrorism, including a case study on tanzanite.
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Argues in this wideranging paper that the legitimacy of international law depends on the principle that pacts should be respected, reviewing the issues of self‐preservation…
Abstract
Argues in this wideranging paper that the legitimacy of international law depends on the principle that pacts should be respected, reviewing the issues of self‐preservation, proportionality and human rights in relation to this. Focuses on the economic war against terrorism by the USA preeminently, as expressed in the PATRIOT Act and the International Emergency Economic Powers Act and the Anti‐Terrorism and Effective Death Penalty Act. Concludes that the Patriot Act and the Homeland Security Act give the Executive branch of government extraordinary and warlike powers: but wars have an end whereas terrorism does not. Looks at the role of the US Federal courts in the context of national security, proportionality and human rights concerns, and finds them deficient; reports specific cases concerning Iranian resistance movements and their status as regards terrorism, and the Bajkajian, Austin and Alexander cases as regards proportionality.
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Latifah Falah Alharbi, Umair Khan, Aurang Zaib, S.H.A.M. Shah, Anuar Ishak and Taseer Muhammad
Thermophoresis deposition of particles is a crucial stage in the spread of microparticles over temperature gradients and is significant for aerosol and electrical technologies. To…
Abstract
Purpose
Thermophoresis deposition of particles is a crucial stage in the spread of microparticles over temperature gradients and is significant for aerosol and electrical technologies. To track changes in mass deposition, the effect of particle thermophoresis is therefore seen in a mixed convective flow of Williamson hybrid nanofluids upon a stretching/shrinking sheet.
Design/methodology/approach
The PDEs are transformed into ordinary differential equations (ODEs) using the similarity technique and then the bvp4c solver is employed for the altered transformed equations. The main factors influencing the heat, mass and flow profiles are displayed graphically.
Findings
The findings imply that the larger effects of the thermophoretic parameter cause the mass transfer rate to drop for both solutions. In addition, the suggested hybrid nanoparticles significantly increase the heat transfer rate in both outcomes. Hybrid nanoparticles work well for producing the most energy possible. They are essential in causing the flow to accelerate at a high pace.
Practical implications
The consistent results of this analysis have the potential to boost the competence of thermal energy systems.
Originality/value
It has not yet been attempted to incorporate hybrid nanofluids and thermophoretic particle deposition impact across a vertical stretching/shrinking sheet subject to double-diffusive mixed convection flow in a Williamson model. The numerical method has been validated by comparing the generated numerical results with the published work.
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The purpose of this study is to examine the welfare effects of product standards (which fall under Non-Tariff Barriers (NTBs)) on an exporting country when the country by its own…
Abstract
The purpose of this study is to examine the welfare effects of product standards (which fall under Non-Tariff Barriers (NTBs)) on an exporting country when the country by its own choice prefers to follow the null standard for the domestic market, which is not possible due to high set up cost at two different standards. The model has used a theoretical framework to analyze the effects and has derived some important results. If the standard is not linked with a true negative externality, the exporting country, given the assumptions of the model will always prefer to be discriminated by “tariff” and the importing country will prefer to protect its market by “tariff” rather than going for NTB. The typical assumptions taken here resemble the trade between developed and developing countries when the developed country imposes some minimum standard on a product but becomes relatively “costly” for the developing country to comply with. As the importing country is not free to set tariffs, it will use NTB as a minimum standard (as it is welfare-improving than free trade). However, the minimum standard also affects the exporting country's local producers and consumers. So NTB leads to a worse situation for both countries and definitely worst for the exporting country. Using a game theoretic framework, the study shows that the imposition of standards which does not address any real externality can be an optimum response for an importing country leading to a loss in the global welfare compared to a free trade situation.
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The purpose of this paper is to explore the value added of exports of services, which increasingly involve intermediate inputs to manufacturing and are indirectly embodied in…
Abstract
Purpose
The purpose of this paper is to explore the value added of exports of services, which increasingly involve intermediate inputs to manufacturing and are indirectly embodied in intermediate and finished good exports to the global market earned by Taiwan and South Korea.
Design/methodology/approach
This paper uses the World Input-Output Database to examine and compare the competitiveness of service industry between Taiwan and South Korea in China from 1995 to 2011. The author measures the value added of export in two ways: value added in trade (VAiT) and trade in value added (TiVA).
Findings
The proportion of domestic (intermediate and final demand) VAiT was created by Taiwanese and South Korean exports to China. The services amount share of value added embodied in Taiwanese electrical and optical equipment (ELE) exports to China increased gradually (38.0–45.7 percent) from 1996 to 2011, that was more than that of South Korea (26.7–23.3 percent). Taiwanese financial and business (F&B) service contributed to Taiwanese ELE production exported to China. In service sectors, the proportion of VAiT of Taiwanese F&B service embodied in ELE exports to China increased annually (9.8–11.5 percent), that was similar to that of South Korea (12.2–11.3 percent). Thus, F&B sector played an increasingly important role in service sectors. Taiwanese F&B promotes the ELE export to China with higher efficiency than South Korea does.
Originality/value
Over the past two decades, the development of information technology and the growth of international specialization and fragmentation of production processes have brought about a global value chains (GVCs) phenomenon in services, which has already been taking place in manufacturing for a long time. Intangible value added of services increasingly involved intermediate inputs from manufacturing and were indirectly embodied in intermediate and finished goods exported to the global market. The focus of this paper is to analyze how the service industry participates in the development of the GVC, with emphasis on the export of ELE production to China in the bilateral trade of Taiwan and Korea with China. In addition to the value-added components, the exports of F&B intermediate products to China have been increasing year by year, and Taiwanese is higher than South Korean. In the bilateral trade between Taiwan or Korea and China, for ELE production exported to China, double counted part of intermediate products is increasing year by year. In terms of the value added of the double counting of F&B exports to China, Taiwan is higher (PDC, 31.23–17.26 percent) than South Korea. (PDC, 8.7–15.12 percent). South Korea and China are not as closely related as Taiwan and China.
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The 1997-98 financial crisis has had a profound effect on how East Asian economies the role of the IMF and its strategic interests relative to those of the United States in the…
Abstract
The 1997-98 financial crisis has had a profound effect on how East Asian economies the role of the IMF and its strategic interests relative to those of the United States in the international financial regime. It has prompted them to create a regional mechanism for financial and monetary cooperation, ranging from deeper policy dialogue and surveillance, to a system of financial cooperation, and common exchange rate arrangements. This paper analyses the economic and strategic motivations behind this and outlines recent developments in financial cooperation in East Asia to provide possible directions for the future.
A network of bilateral swap arrangements under the Chiang Mai Initiative(CMI) needs stronger policy dialogue and surveillance to develop into a regional financing facility, a sort of East Asian IMF. The facility plays a role as an regional lender of last resort, providing short-term funds to a member country facing a temporary liquidity shortage and for market intervention to stabilize foreign exchange rate. East Asian countries need to achieve regional exchange rate stability. In the long run, the region may develop a common currency arrangement, but it cannot be expected in the very near future because there is no convergence of macroeconomic conditions, economic structure and systems. A realistic approach would be for East Asian developing countries to adopt a currency basket system to minimize the impact of dollar/yen exchange rate volatility on their economies. Strong political will and a vision for regional integration will be required to introduce it.
Ibrahim M. Hezam, Arunodaya Raj Mishra, R. Krishankumar, K.S. Ravichandran, Samarjit Kar and Dragan Stevan Pamucar
The study aims at evaluating the most appropriate transport project which is one of the critical concerns of transport infrastructure scheduling. This process will be applied…
Abstract
Purpose
The study aims at evaluating the most appropriate transport project which is one of the critical concerns of transport infrastructure scheduling. This process will be applied considering a set of criteria and discussed alternatives with sustainable perspectives.
Design/methodology/approach
In this paper, a complex proportional assessment (COPRAS) framework is discussed to handle the sustainable transport investment project (STIP) assessment problem within a single-valued neutrosophic set (SVNSs). To form the procedure more useful in handling with uncertain features, a SVNS is applied as a valuable procedure to handle uncertainty. First, a new discrimination measure for SVNSs is introduced and discussed some elegant properties to determine the significance degree or weight values of criteria with the sustainabality perspectives. Second, an integrated approach is introduced based on the discrimination measure and the COPRAS method on SVNSs and named as SVN-COPRAS.
Findings
A case study of an STIP evaluation problem is used to confirm the practicality and effectiveness of the SVN-COPRAS framework. Lastly, comparative discussion and sensitivity investigation are illustrated to prove the strength and solidity of the proposed framework.
Originality/value
The SVNSs enrich the essence of linguistic information when a decision expert (DE) vacillates among different linguistic values (LVs) to measure a sustainable transport project alternative problem. The utilization of SVNSs provides a more stable procedure to describe DEs' evaluations. So, an elegant methodology is developed to incorporate the DEs' awareness and experience for electing the desired STIPs. The introduced methodology has higher operability than the single-valued neutrosophic set technique for order preference by similarity to an ideal solution (SVN-TOPSIS) procedure during the larger numbers of attribute(s) or option(s). For the SVN-COPRAS methodology, there is no need to estimate the single-valued neutrosophic ideal solution (SVN-IS) and single-valued neutrosophic anti-ideal solution (SVNA-IS). The outcomes are calculated with handling the realistic data, which elucidates that the introduced model can tackle more intricate and realistic multi-criteria decision-making issues.
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This study aims to construct a mathematical model to study the dispersion analysis of magneto-electro elastic plate of arbitrary cross sections immersed in fluid by using the…
Abstract
Purpose
This study aims to construct a mathematical model to study the dispersion analysis of magneto-electro elastic plate of arbitrary cross sections immersed in fluid by using the Fourier expansion collocation method (FECM).
Design/methodology/approach
The analytical formulation of the problem is designed and developed using three-dimensional linear elasticity theories. As the inner and outer boundaries of the arbitrary cross-sectional plate are irregular, the frequency equations are obtained from the arbitrary cross-sectional boundary conditions by using FECM. The roots of the frequency equation are obtained using the secant method, which is applicable for complex solutions.
Findings
The computed physical quantities such as radial stress, hoop strain, non-dimensional frequency, magnetic potential and electric potential are plotted in the form of dispersion curves, and their characteristics are discussed. To study the convergence, the non-dimensional wave numbers of longitudinal modes of arbitrary (elliptic and cardioid) cross-sectional plates are obtained using FECM and finite element method and are presented in a tabular form. This result can be applied for optimum design of composite plates with arbitrary cross sections.
Originality/value
This paper contributes the analytical model for the role of arbitrary cross-sectional boundary conditions and impact of fluid loading on the dispersion analysis of magneto-electro elastic plate. From the graphical patterns of the structure, the effects of stress, strain, magnetic, electric potential and the surrounding fluid on the various considered wave characteristics are more significant and dominant in the cardioid cross sections. Also, the aspect ratio (a/b) and the geometry parameters of elliptic and cardioids cross sections are significant to the industry or other fields that require more flexibility in design of materials with arbitrary cross sections.
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The purpose of this article is to determine the optimal use of collateral in order to maximize the borrower's wealth by reducing the interest rate payments. This analysis is to…
Abstract
Purpose
The purpose of this article is to determine the optimal use of collateral in order to maximize the borrower's wealth by reducing the interest rate payments. This analysis is to shed light on the fundamental question whether good or bad borrowers pledge more collateral.
Design/methodology/approach
The analysis bases on a simple firm value model similar to Merton's but with the additional feature that the borrower can bring in collateral. This article not only presents the case with perfect information between borrowers and lenders but also regards the consequences arising from asymmetric information.
Findings
A bad borrower, who is characterized by higher bankruptcy costs, riskier projects, and a lower contribution to the project value, typically pledges more collateral than a good borrower. These relationships base on the existence of perfect information between borrowers and lenders. If asymmetric information in terms of the project's riskiness or the contribution of the borrower to the project is present, these relationships invert and good borrowers tend to pledge more collateral. As a result, the allocation of information between a borrower and a lender is crucial for the optimal choice of collateral.
Research limitations/implications
This research underlines the potential for firms to add firm value by pledging collateral because collateral reduces interest rates and therefore results in more attractive terms of the loan. On the other hand, further empirical research can be done to verify our theoretical finding that under perfect information bad borrowers pledge more collateral, while under asymmetric information primarily good borrowers use collateral.
Originality/value
This paper introduces a new motive for the use of collateral and explains – in contrast to many other theoretical models – why bad borrowers tend to pledge more collateral.