Wang Kangmao and Hu Chun
This paper identifies the new economic force regenerating the East Asian economies in the post‐crisis era. Based on the convergence of five main economic indexes, it reclassifies…
Abstract
This paper identifies the new economic force regenerating the East Asian economies in the post‐crisis era. Based on the convergence of five main economic indexes, it reclassifies the ten East Asian entities into four tiers, and highlights the language similarities among the tiers. It also discusses the inter‐ and intra‐regional economic dynamics, and the implications on further regional trade/investment, financial cooperation and monetary integration, such as a possible unifying Asian currency.
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Dong Han, Hong Nie, Jinbao Chen, Meng Chen, Zhen Deng and Jianwei Zhang
This paper aims to improve the diversity and richness of haptic perception by recognizing multi-modal haptic images.
Abstract
Purpose
This paper aims to improve the diversity and richness of haptic perception by recognizing multi-modal haptic images.
Design/methodology/approach
First, the multi-modal haptic data collected by BioTac sensors from different objects are pre-processed, and then combined into haptic images. Second, a multi-class and multi-label deep learning model is designed, which can simultaneously learn four haptic features (hardness, thermal conductivity, roughness and texture) from the haptic images, and recognize objects based on these features. The haptic images with different dimensions and modalities are provided for testing the recognition performance of this model.
Findings
The results imply that multi-modal data fusion has a better performance than single-modal data on tactile understanding, and the haptic images with larger dimension are conducive to more accurate haptic measurement.
Practical implications
The proposed method has important potential application in unknown environment perception, dexterous grasping manipulation and other intelligent robotics domains.
Originality/value
This paper proposes a new deep learning model for extracting multiple haptic features and recognizing objects from multi-modal haptic images.
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Outlines Hong Kong’s financial system during the pre‐unification era. Looks at recent issues, regulatory changes and its development as an international financial centre…
Abstract
Outlines Hong Kong’s financial system during the pre‐unification era. Looks at recent issues, regulatory changes and its development as an international financial centre. Considers banking, the stock market, the bond & futures market, the gold market, regulatory bodies and monetary and currency policies. Contrasts these with the pre‐unification system in China. Outlines the way that these two systems propose to exist together, looking at the potential benefits and problems this may bring.
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The textiles and clothing sector is one of India's most important economic sectors, next to the agriculture sector in terms of industrial output and employment, providing…
Abstract
Purpose
The textiles and clothing sector is one of India's most important economic sectors, next to the agriculture sector in terms of industrial output and employment, providing employment to more than 30 million people. Many studies predict that India will get a significant share of the world textiles and clothing trade due to the advantage of cheap labor and other factor resources but India's slower growth rate, as compared to other low‐cost competitors, indicates otherwise. The purpose of this paper is to analyze the comparative advantage of India and Bangladesh for the clothing sector in the world export trade with the help of Balassa's index of Revealed Comparative Advantage (RCA). The study highlights the shift in comparative advantage for India and Bangladesh between two periods. The study also points out constraints restricting the growth of export share of India in world market and offers suggestions to policy makers for enhancing India's export share in the world clothing trade.
Design/methodology/approach
RCA indices have been calculated for various clothing product categories (under Harmonized System) up to four digit classification with the help of Balassa's relative measure for India and Bangladesh. Tables have been prepared for India and Bangladesh, highlighting products having comparatively higher revealed comparative advantage. For calculation of RCA indices, the export data have been taken from “UN Comtrade”, an electronic database of the United Nations and from the database of the World Trade Organization (WTO). Further, Spearman rank correlation coefficient has been calculated for analyzing the changes over the period 1995‐2003 for India and Bangladesh.
Findings
Findings reveal that the number of products for which India enjoyed the comparative advantage increased from 23 products to 25 products between 1995 and 2003 and for Bangladesh, this number increased from 21 products to 29 products between 1995 and 2003. Clothing exports of India and Bangladesh are classified on the basis of comparative advantage at the HS 4‐digit level for the years 1995 and 2003 and the comparative position is given on the basis of a measure of structural change in exports of India and Bangladesh. The products in which India and Bangladesh have comparative advantage in garment exports are highlighted.
Originality/value
This paper has calculated and compared revealed comparative advantage indices over a period of time up to four digits classification of HS product categories. Also, this paper highlights constraints, and offer suggestions which would be helpful to exporters and policy makers.
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Sowmya Dhanaraj, Arun Kumar Gopalaswamy and Suresh Babu M
The purpose of this paper is to examine the short‐term stock market interactions between US and six major Asian markets – China, India, Hong Kong, Singapore, South Korea and…
Abstract
Purpose
The purpose of this paper is to examine the short‐term stock market interactions between US and six major Asian markets – China, India, Hong Kong, Singapore, South Korea and Taiwan. These six economies along with Japan and Australia have the largest stock exchanges in the Asia‐Pacific region. The importance of the US market to the Asian economies is the prime motivation for a quantitative assessment of its role in this region. The objective of this study is to measure the dynamic stock market interdependence of US and Asian newly industrialized economies (NIEs) (Hong Kong, Singapore, South Korea and Taiwan) and emerging market economies (EMEs) (China and India) post Asian crisis of 1997 and also to capture the market interactions during the sub‐prime crisis.
Design/methodology/approach
The study has employed Granger causality tests and generalized forecast error variance decomposition (FEVD) analysis to analyze the fluctuations in and the extent of short‐term interdependence between the US and Asian economies. VAR model was estimated to run the simulations for FEVD analysis.
Findings
The empirical results from FEVD analysis revealed the dominance of US stock market on Asian markets; the USA being a large economy of the world, an important trading partner and major supplier of capital to Asian region. Stock markets of Asia are not immune to the shocks originating in the USA although the effects of shocks vary considerably across markets. Further, an important implication is that major crisis events can influence the relationship among stock markets.
Originality/value
This is one of the first papers in the Asian context examining the interdependence with the US markets. Hence, even though most of the Asian economies went through liberalization, the macroeconomic and financial circumstances were very different before, after and during the process. This motivated the examination of the interactions between US and other Asian markets.
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Jesus Felipe and Gemma Estrada
The purpose of this paper is to document the transformation of developing Asia's manufacturing sector during the last three decades.
Abstract
Purpose
The purpose of this paper is to document the transformation of developing Asia's manufacturing sector during the last three decades.
Design/methodology/approach
The paper briefly discusses the transformation during the last 30 years and benchmarks the sector by estimating a regression based on the logistic pattern of growth. It then summarizes the main findings.
Findings
It is found that: the share of developing Asia in world manufacturing output has increased significantly since the 1970s; the increase is concentrated in a number a countries, mostly the NIES, China, Indonesia, Malaysia, and Thailand; and there has been an important technological upgrading as the share of more technologically advanced manufacturers has increased. However, the increase is also concentrated in a reduced group of countries.
Originality/value
The findings in the paper should be of value to both other researchers and policy makers trying to understand industrialization.
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Considers TQM from a cultural perspective using the influence of Confucian work dynamism and Chinese cultural beliefs on Hong Kong companies. Asks if these cultural beliefs…
Abstract
Considers TQM from a cultural perspective using the influence of Confucian work dynamism and Chinese cultural beliefs on Hong Kong companies. Asks if these cultural beliefs conflict with modern quality management philosophy and presents the findings of research covering Chinese literature, experts in Chinese philosophy and Hong Kong TQM experts. Outlines research methods and concludes that there are relevant principles which can be used when implementing TQM.
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Filip De Beule, Danny Van Den Bulcke and Haiyan Zhang
To analyze the industrial development of South, East, and Southeast Asian nations in terms of investment and trade and how the institutional environment – in particular, the…
Abstract
Purpose
To analyze the industrial development of South, East, and Southeast Asian nations in terms of investment and trade and how the institutional environment – in particular, the government policy with regard to outward foreign direct investment (OFDI) – has played a role in this respect.
Methodology/approach
The chapter puts OFDI policy and industrial upgrading in newly industrialized, emerging, and developing Asian economies (NIEDAEs) in historical perspective to attempt to draw inference from their past behavior.
Findings
The chapter provides information about each NIEDAE’s experience with OFDI policy through a comparative analysis of OFDI promotional policy.
Practical implications
A useful source of information about each NIEDAE’s OFDI policy approach, the chapter attempts to draw recommendations for OFDI policy.
Originality/value
This chapter fulfills an information need and offers practical help to government policy makers.
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Jan Selmer, Eric S.H. Ling, Lewis S.C. Shiu and Corinna T. de Leon
The adjustment of business managers from Beijing and Shanghai assigned to Hong Kong and of Hong Kong expatriates working in Beijing and Shanghai were compared in an exploratory…
Abstract
The adjustment of business managers from Beijing and Shanghai assigned to Hong Kong and of Hong Kong expatriates working in Beijing and Shanghai were compared in an exploratory study. The personal in‐depth interviews showed differences between the managers from the Chinese mainland and those from the Special Administrative Region of Hong Kong. The mainland respondents perceived substantial adjustment needs inside and outside the workplace in Hong Kong, but made earnest efforts and experienced few obstacles. On the other hand, the predicament experienced by many Hong Kong managers on the mainland closely resembles the worst experiences of expatriate managers reported in the literature on international adjustment. The implications of these non‐reciprocal results are discussed, and possible reasons for such findings are speculated upon.
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Chung‐Ming Lau, Gary C. McMahan and Richard W. Woodman
Compares the results of surveys of organizational development (OD) practices among major firms in the United States and Hong Kong. Despite obvious cultural differences between the…
Abstract
Compares the results of surveys of organizational development (OD) practices among major firms in the United States and Hong Kong. Despite obvious cultural differences between the two countries, OD practices were more similar than different. Discusses implications for OD research in international settings and global OD practices.