DOCSLIB.ORG

The Dynamics of Asian Financial Integration

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
The Dynamics of Asian Financial Integration The Dynamics of Asian Financial Integration The book assesses financial integration in emerging East Asia at both regional and global levels. It studies the factors driving the progress of regional financial integration in relation to financial globalization and identifies the relevant policy challenges facing emerging market economies in the region. Chapters look into three broad aspects of regional and global financial market integration: (i) measurement of regional and global financial integration; (ii) understanding the dynamics of regional financial integration versus global financial integration; and (iii) welfare implications from regional financial market integration amid financial globalization. Against this context, academics, policy makers, and other readers will appreciate the rigorous research contribution provided by this book. Michael B. Devereux is Professor at the Department of Economics, University of British Columbia in Vancouver, Canada. Professor Devereux is the associate editor of several academic journals, including the International Journal of Central Banking, Journal of Macroeconomics, and International Tax and Public Finance. Philip R. Lane is Professor of International Macroeconomics at Trinity College Dublin. Presently, he is also a research fellow at the Centre for Economic Policy Research and the Kiel Institute of World Economics. Cyn-Young Park is Principal Economist in the Office of Regional Economic Integration (OREI) at the Asian Development Bank (ADB). In her current capacity, she is responsible for the overall macroeconomic and financial market research in OREI. Shang-Jin Wei is the N.T. Wang Professor of Chinese Business and Economy, Professor of Finance and Economics (Business School), and Professor of International and Public Affairs (School of International and Public Affairs) at Columbia University. He is also the director of The Jerome A. Chazen Institute of International Business and the Working Group on the Chinese Economy at the National Bureau of Economics Research. [11:53 17/12/2010 5601-Devereux-Frontmatter.tex] Job No: 5601Devereux: The Dynamics of Asian Financial IntegrationPage: i 1–xxvi Routledge studies in the modern world economy 1 Interest Rates and Budget 7 Competition Policy in the Global Deficits Economy A study of the advanced economies Modalities for co-operation Kanhaya L Gupta and Bakhtiar Edited by Leonard Waverman, Moazzami William S. Comanor and Akira Goto 2 World Trade after the Uruguay Round 8 Working in the Macro Economy Prospects and policy options for A study of the US labor market the twenty-first century Martin F. J. Prachowny Edited by Harald Sander and 9 How Does Privatization Work? András Inotai Edited by Anthony Bennett 3 The Flow Analysis of Labour 10 The Economics and Politics of Markets International Trade Edited by Ronald Schettkat Freedom and trade: volume II Edited by Gary Cook 4 Inflation and Unemployment Contributions to a new macro- 11 The Legal and Moral Aspects of economic approach International Trade Edited by Alvaro Cencini and Freedom and trade: volume III Mauro Baranzini Edited by Asif Qureshi, Hillel Steiner and Geraint Parry 5 Macroeconomic Dimensions of Public Finance 12 Capital Markets and Corporate Essays in honour of Vito Tanzi Governance in Japan, Germany Edited by Mario I. Blejer and and the United States Teresa M. Ter-Minassian Organizational response to market inefficiencies 6 Fiscal Policy and Economic Helmut M. Dietl Reforms Essays in honour of Vito Tanzi 13 Competition and Trade Policies Edited by Mario I. Blejer and Coherence or conflict Teresa M. Ter-Minassian Edited by Einar Hope [11:53 17/12/2010 5601-Devereux-Frontmatter.tex] Job No: 5601Devereux:The Dynamics of Asian Financial IntegrationPage: ii 1–xxvi 14 Rice 23 The Employment Impact of The primary commodity Innovation A. J. H. Latham Evidence and policy Edited by Marco Vivarelli and 15 Trade, Theory and Mario Pianta Econometrics Essays in honour of John S. 24 International Health Care Chipman Reform Edited by James C. Moore, A legal, economic and political Raymond Riezman, and James R. analysis Melvin Colleen Flood 16 Who Benefits from 25 Competition Policy Analysis Privatisation? Edited by Einar Hope Edited by Moazzem Hossain and Justin Malbon 26 Culture and Enterprise The development, representation 17 Towards a Fair Global Labour and morality of business Market Don Lavoie and Emily Avoiding the new slave trade Chamlee-Wright Ozay Mehmet, Errol Mendes and Robert Sinding 27 Global Financial Crises and Reforms 18 Models of Futures Markets Cases and caveats Edited by Barry Goss B. N. Ghosh 19 Venture Capital Investment 28 Geography of Production and An agency analysis of UK Economic Integration practice Miroslav N. Jovanovi´c Gavin C. Reid 29 Technology, Trade and Growth 20 Macroeconomic Forecasting in OECD Countries A sociological appraisal Does specialisation matter? Robert Evans Valentina Meliciani 21 Multimedia and Regional 30 Post-Industrial Labour Markets Economic Restructuring Profiles of North America and Edited by Hans-Joachim Braczyk, Scandinavia Gerhard Fuchs and Hans-Georg Edited by Thomas P. Boje and Wolf Bengt Furaker 22 The New Industrial Geography 31 Capital Flows without Crisis Regions, regulation and Reconciling capital mobility and institutions economic stability Edited by Trevor J. Barnes and Edited by Dipak Dasgupta, Meric S. Gertler Marc Uzan, and Dominic Wilson [11:53 17/12/2010 5601-Devereux-Frontmatter.tex] Job No: 5601Devereux:The Dynamics of Asian Financial IntegrationPage: iii 1–xxvi 32 International Trade and 42 Tax Systems and Tax Reforms National Welfare in Europe Murray C. Kemp Edited by Luigi Bernardi and Paola Profeta 33 Global Trading Systems at Crossroads 43 Trade Liberalization and APEC A post-Seattle perspective Edited by Jiro Okamoto Dilip K. Das 44 Fiscal Deficits in the Pacific 34 The Economics and Region Management of Technological Edited by Akira Kohsaka Diversification 45 Financial Globalization and the Edited by John Cantwell, Alfonso Emerging Market Economies Gambardella and Ove Granstrand Dilip K. Das 35 Before and Beyond EMU 46 International Labor Mobility Historical lessons and future Unemployment and increasing prospects returns to scale Edited by Patrick Crowley Bharati Basu 36 Fiscal Decentralization 47 Good Governance in the Era of Ehtisham Ahmad and Vito Tanzi Global Neoliberalism Conflict and depolitization in 37 Regionalisation of Globalised Latin America, Eastern Europe, Innovation Asia and Africa Locations for advanced industrial Edited by Jolle Demmers, Alex E. development and disparities in Fernández Jilberto and Barbara participation Hogenboom Edited by Ulrich Hilpert 48 The International Trade System 38 Gold and the Modern World Alice Landau Economy Edited by MoonJoong Tcha 48 International Perspectives on Temporary Work and Workers 39 Global Economic Institutions Edited by John Burgess and Willem Molle Julia Connell 40 Global Governance and 50 Working Time and Workers’ Financial Crises Preferences in Industrialized Edited by Meghnad Desai and Countries Yahia Said Finding the balance Edited by Jon C. Messenger 41 Linking Local and Global Economies 51 Tax Systems and Tax Reforms in The ties that bind New EU Members Edited by Carlo Pietrobelli and Edited by Luigi Bernardi, Mark Arni Sverrisson Chandler, and Luca Gandullia [11:53 17/12/2010 5601-Devereux-Frontmatter.tex] Job No: 5601Devereux:The Dynamics of Asian Financial IntegrationPage: iv 1–xxvi 52 Globalization and the 61 Solving the Riddle of Nation State Globalization and Development The impact of the IMF and the Edited by Manuel Agosín, World Bank David Bloom, George Chapelier, Edited by Gustav Ranis, James and Jagdish Saigal Vreeland, and Stephen Kosak 62 Foreign Direct Investment and 53 Macroeconomic Policies and the World Economy Poverty Reduction Ashoka Mody Edited by Ashoka Mody and 63 The World Economy Catherine Pattillo A global analysis Horst Siebert 54 Regional Monetary Policy Carlos J. Rodríguez-Fuentez 64 Production Organizations in Japanese Economic Development 55 Trade and Migration in the Edited by Tetsuji Okazaki Modern World 65 The Economics of Language Carl Mosk International analyses 56 Globalisation and the Labour Edited by Barry R. Chiswick and Market Paul W. Miller Trade, technology and less-skilled 66 Street Entrepreneurs workers in Europe and the United People, place and politics in local States and global perspective Edited by Robert Anderton, Edited by John Cross and Paul Brenton and John Whalley Alfonso Morales 57 Financial Crises 67 Global Challenges and Local Socio-economic causes and Responses institutional context The East Asian experience Brenda Spotton Visano Edited by Jang-Sup Shin 58 Globalization and Self 68 Globalization and Regional Determination Integration Is the nation-state under siege? The origins, development and Edited by David R. Cameron, impact of the Single European Gustav Ranis, and Annalisa Zinn Aviation Market Alan Dobson 59 Developing Countries and 69 Russia Moves into the Global the Doha Development Round of Economy the WTO Breaking out Edited by Pitou van Dijck and John M. Letiche Gerrit Faber 70 The European Economy in an 60 Immigrant Enterprise in Europe American Mirror and the USA Barry Eichengreen, Michael Prodromos Panayiotopoulos Landesmann, and Dieter Stiefel [11:53 17/12/2010 5601-Devereux-Frontmatter.tex] Job No: 5601Devereux:The Dynamics of Asian Financial IntegrationPage: v 1–xxvi 71 Working Time Around the 79 The Indonesian Labour Market World Shafiq Dhanani, Iyanatul Islam, Trends in working hours, laws,
Load more

Recommended publications
  • Britton, Theodore R. Jr. – 1981
    The Association for Diplomatic Studies and Training Foreign Affairs Oral History Project Ralph J Bunch Legacy: Minority Officers AMBASSADOR THEODORE R. BRITTON, JR. Interviewed by: Ruth Stutts Njiiri Initial interview date: July 16, 1981 Copyri ht 2008 ADST TABLE OF CONTENTS Ambassador to Barbados and Grenada' Special Representative to Antigua, Dominica, St Christopher-,evis-Anguilla, St Lucia, and St -incent 1.70-1.77 Bac1ground of appointment Barbados environment 2S presence and facilities Relations Foreign diplomatic community Family Being a blac1 Ambassador Embassy staff Relations with State Department Marriott Corporation Consular offices Loss of son South Carolina and New 5or1 bac1ground ,omination as Ambassador H2D in South Carolina Residence in New 5or1 City Confirmation Hearing Government officials British Cubans 2S Airline problem Grenada relations Churches Personal sources of inspiration The 6ueen7s visit Family INTERVIEW 1 &: This is an interview with Ambassador Theodore R. Britton, Jr. as part of a Phelps, Sto-es Fund oral history project on former Blac- Chiefs of Mission, funded by the Ford .oundation. Ambassador Britton served in Barbados and the State of 1renada and as 2.S. Special Representative to the States of Anti ua, Dominica, St. Christopher, Nevis, An uilla, St. Lucia and St. 4incent. He served in these countries from 1977 to 1977. He is presently Actin Assistant to the Secretary for International Affairs, Department of 5ousin and 2rban Development. The interview is bein conducted on Thursday, July 16, 1981 in the
    [Show full text]
  • Revised Draft the G-2 Chimera
    REVISED DRAFT THE G-2 CHIMERA: FUSION OR ILLUSION?1 Harry Harding Dean Frank Batten School of Leadership and Public Policy University of Virginia The title and subtitle of my talk, “The G-2 Chimera: Fusion or Illusion?,” may require some explanation. The title refers to two concepts – G-2 and “Chimerica” – that embody, in different ways, the proposition that the bilateral relationship between the United States is uniquely important – that, as Hillary Clinton wrote during the 2008 presidential election campaign, it is “the most important bilateral relationship in the world in this century.”2 The concept “G-2” is associated most prominently with C. Fred Bergsten, the director of the Peterson Institute of International Economics.3 This concept focuses on the roles of China and the United States in the broader international trade and financial system, and their unique ability to set the agenda and possibly forge agreements on a wide range of international issues. China and the U.S. form a G-2, according to Bergsten, because they are the world’s two largest economies, and because they represent the interests of the developing and developed worlds respectively. The term “chimera,” in turn, is a reference to the etymology of the concept of “Chimerica,” which in turn is most closely associated with the Harvard historian Niall Ferguson and, more recently, with author Zachary Karabell.4 This second concept focuses less on the two countries’ role in the world than on their high degree of mutual integration, despite their differences in structure and values, such that one country’s economic circumstances strongly influence the other’s.
    [Show full text]
  • The Impact of the Economic Crisis on the International Strategic Configuration
    The Impact of the Economic Crisis on the International Strategic Configuration Edited by Karlis Neretnieks Institute for Security PLA Academy of & Development Policy Military Sciences The Impact of the Economic Crisis on the International Strategic Configuration Karlis Neretnieks, editor Institute for Security and Development Policy Västra Finnbodavägen 2, 131 30 Stockholm-Nacka, Sweden www.isdp.eu The Impact of the Economic Crisis on the International Strategic Configuration is published by the Institute for Security and Development Policy. The Institute’s publica- tions provide comprehensive analyses of key issues presented by leading experts. The Institute is based in Stockholm, Sweden, and cooperates closely with research centers worldwide. Through its Silk Road Studies Program, the Institute also runs a joint Trans- atlantic Research and Policy Center with the Central Asia-Caucasus Institute of Johns Hopkins University’s School of Advanced International Studies. The Institute is firmly established as a leading research and policy center, serving a large and diverse com- munity of analysts, scholars, policy-watchers, business leaders, and journalists. It is at the forefront of research on issues of conflict, security, and development. Through its applied research, publications, research cooperation, public lectures, and seminars, it functions as a focal point for academic, policy, and public discussion. The opinions and conclusions expressed are those of the author/s and do not necessarily reflect the views of the Institute for Security and Development Policy or its sponsors. © Institute for Security and Development Policy, 2010 ISBN: 978-91-85937-80-6 Printed in Singapore Distributed in Europe by: Institute for Security and Development Policy Västra Finnbodavägen 2, 131 30 Stockholm-Nacka, Sweden Tel.
    [Show full text]
  • India and the Global Economy
    India and the Global Economy A collection of essays presented at the Hudson Institute-Observer Research Foundation Roundtable on “India’s Economic Engagements with the World,” New Delhi, India, March 25-26, 2014 Edited by Husain Haqqani July 2014 India and the Global Economy A collection of essays presented at the Hudson Institute-Observer Research Foundation Roundtable on “India’s Economic Engagements with the World” held in New Delhi, India on March 25-26, 2014 Edited by Husain Haqqani © 2014 Hudson Institute, Inc. All rights reserved. For more information about obtaining additional copies of this or other Hudson Institute publications, please visit Hudson’s website, www.hudson.org ABOUT HUDSON INSTITUTE Hudson Institute is an independent research organization promoting new ideas for the advancement of global security, prosperity and freedom. Founded in 1961 by strategist Herman Kahn, Hudson Institute challenges conventional thinking and helps manage strategic transitions to the future through interdisciplinary studies in defense, international relations, economics, health care, technology, culture, and law. Hudson seeks to guide public policy makers and global leaders in government and business through a vigorous program of publications, conferences, policy briefings and recommendations. Visit www.hudson.org for more information. Hudson Institute 1015 15th Street, N.W. Sixth Floor Washington, D.C. 20005 P: 202.974.2400 [email protected] www.hudson.org Table of Contents Introduction India’s Reform Agenda Husain Haqqani 1 Innovation, Intellectual
    [Show full text]
  • China's Strategic Relations with the Western World∞
    Revista “Política y Estrategia” Nº 136, 2020, pp. 115-136 ISSN 0716-7415 (versión impresa) - ISSN 0719-8027 (versión en línea) Academia Nacional de Estudios Políticos y Estratégicos China’s strategic relations with the western world Bernard D. Cole CHINA’S STRATEGIC RELATIONS WITH THE WESTERN WORLD∞ BERNARD D. COLE* ABSTRACT This paper’s topic, “China’s Strategic Relations With the Western World,” discusses some economic and military aspects of the People’s Republic of China’s (defined as the PRC or “China”) relations with the West—a very large and varied geographic region, defined as North America, Western Europe, and Latin America, the last further defined to include South America, Central America, Mexico, and the Caribbean. Even within that definition, however, discussion is sharply focused due the brevity of this paper. LAS RELACIONES ESTRATÉGICAS DE CHINA CON EL MUNDO OCCIDENTAL Resumen El tema de este artículo, “Las relaciones estratégicas de China con el mundo occidental”, analiza algunos aspectos económicos y militares de las relaciones de la República Popular China (definida como la República Popular China o “China”) con Occidente, una región geográfica muy grande y variada, definida como América del Norte, Europa Occidental y América Latina, la última más definida para incluir América del Sur, América Central, México y el Caribe. Sin embargo, incluso dentro de esa definición, el debate se centra claramente debido a la brevedad de este documento AS RELAÇÕES ESTRATÉGICAS DA CHINA COM O MUNDO OCIDENTAL RESUMO O tema deste artigo, “As Relações Estratégicas da China com o Mundo Ocidental”, discute alguns aspectos econômicos e militares das relações da República Popular da China (definida como A RPC ou “China”) com o Ocidente — uma região geográfica muito grande e variada, definida como América do Norte, Europa Ocidental e América Latina, a última definida para incluir América do Sul, América Central, México e Caribe.
    [Show full text]
  • 2012 Global Cities Index and Emerging Cities Outlook
    2012 Global Cities Index and Emerging Cities Outlook New York, London, Paris, and Tokyo remain today’s leading cities, but an analysis of key trends in emerging cities suggests that Beijing and Shanghai may rival them in 10 to 20 years. 2012 Global Cities Index and Emerging Cities Outlook 1 Macro forces continue to have an impact on the global influence of cities. Political power is rotating back from West to East, and with economic drivers having shifted from agrarian to industrial to information-based, more people live in cities than in rural areas. While New York, London, Paris, and Tokyo still rank among today’s top cities, it appears that Beijing and Shanghai may become significant rivals in the next 10 to 20 years. These are among the highlights of the 2012 Global Cities Index (GCI), a joint study performed by A.T. Kearney and The Chicago Council on Global Affairs. In addition, a panel of academic and corporate executive advisors informed and challenged the study results. We've expanded this year's study; in addition to classifying the current global influence of 66 cities, we have also developed an Emerging Cities Outlook (ECO) to project which emerging-market cities may eventually rival the established global leaders for dominance. Figure 1 on page 3 summarizes the 2012 results, along with the rankings from our 2008 and 2010 findings of major world metropolitan areas. (The censorship metric added in 2010 affected the positions of several emerging-market cities.) In the first section of this report, we explore the results and implications of the 2012 GCI rankings.
    [Show full text]
  • Russia: Arms Control, Disarmament and International Security
    RUSSIA: ARMS CONTROL, DISARMAMENT AND INTERNATIONAL SECURITY IMEMO SUPPLEMENT TO THE RUSSIAN EDITION OF THE SIPRI YEARBOOK 2014 MOSCOW 2015 INSTITUTE OF WORLD ECONOMY AND INTERNATIONAL RELATIONS RUSSIAN ACADEMY OF SCIENCES (IMEMO RAN) RUSSIA: ARMS CONTROL, DISARMAMENT AND INTERNATIONAL SECURITY IMEMO SUPPLEMENT TO THE RUSSIAN EDITION OF THE SIPRI YEARBOOK 2014 Preface by Alexander Dynkin Editors Alexei Arbatov and Sergey Oznobishchev Editorial Assistant Tatiana Anichkina Moscow IMEMO RAN 2015 УДК 327 ББК 64.4(0) Rus95 Rus95 Russia: arms control, disarmament and international security. IMEMO supplement to the Russian edition of the SIPRI Yearbook 2014 / Ed. by Alexei Arbatov and Sergey Oznobishchev. – M., IMEMO RAN, 2015. – 219 p. ISBN 978-5-9535-0441-6 The volume provides IMEMO contributions to the Russian edition of the 2014 SIPRI Yearbook: Armaments, Disarmament and International Security. The contributors address issues involving the future of nuclear arms control, UN Security Council and regional arms control, OSCE and the Ukrainian crisis, Russia and NATO in the new geopolitical context, the Ukrainian factor in the US defence policy, the strategic relations between Russia and China. This year’s edition also highlights issues of resolving the crisis around Iran’s nuclear program, the dynamics of the Russian armed forces modernization, military political cooperation between Russia and the CIS states, India’s military technical cooperation with Russia and the US, Islamic State as a threat to regional and international security. To view IMEMO RAN publications, please visit our website at http://www.imemo.ru ISBN 978-5-9535-0441-6 ©ИМЭМО РАН, 2015 CONTENTS PREFACE ...........................................................................................7 Alexander DYNKIN ACRONYMS ......................................................................................9 PART I.
    [Show full text]
  • China-Russia Relations in World Politics, 1991-2016
    SEEKING LEVERAGE: CHINA-RUSSIA RELATIONS IN WORLD POLITICS, 1991-2016 by Brian G. Carlson A dissertation submitted to Johns Hopkins University in conformity with the requirements for the degree of Doctor of Philosophy. Baltimore, Maryland April, 2018 © Brian G. Carlson 2018 All rights reserved Abstract In the post-Soviet period, U.S. policymakers have viewed China and Russia as the two great powers with the greatest inclination and capacity to challenge the international order. The two countries would pose especially significant challenges to the United States if they were to act in concert. In addition to this clear policy relevance, the China-Russia relationship poses a number of problems for international relations theory. During this period, China and Russia declined to form an alliance against the United States, as balance-of-power theory might have predicted. Over time, however, the two countries engaged in increasingly close cooperation to constrain U.S. power. These efforts fell short of traditional hard balancing, but they still held important implications for international politics. The actual forms of cooperation were therefore worthy of analysis using concepts from international relations theory, a task that this dissertation attempts. An additional problem concerned Russia’s response to China’s rise. Given the potential threat that it faced, Russia might have been expected to improve relations with the West as a hedge against China’s growing power. Instead, Russia increased its level of diplomatic cooperation with China as its relations with the West deteriorated. This dissertation addresses these problems through a detailed empirical study of the evolution of China-Russia relations from 1991 to 2016, using the within-case method of process tracing.
    [Show full text]
  • China and Iran
    CENTER FOR MIDDLE EAST PUBLIC POLICY International Programs at RAND CHILDREN AND FAMILIES The RAND Corporation is a nonprofit institution that helps improve policy and EDUCATION AND THE ARTS decisionmaking through research and analysis. ENERGY AND ENVIRONMENT HEALTH AND HEALTH CARE This electronic document was made available from www.rand.org as a public service INFRASTRUCTURE AND of the RAND Corporation. TRANSPORTATION INTERNATIONAL AFFAIRS LAW AND BUSINESS Skip all front matter: Jump to Page 16 NATIONAL SECURITY POPULATION AND AGING PUBLIC SAFETY Support RAND SCIENCE AND TECHNOLOGY Browse Reports & Bookstore TERRORISM AND Make a charitable contribution HOMELAND SECURITY For More Information Visit RAND at www.rand.org Explore the RAND Center for Middle East Public Policy View document details Limited Electronic Distribution Rights This document and trademark(s) contained herein are protected by law as indicated in a notice appearing later in this work. This electronic representation of RAND intellectual property is provided for non- commercial use only. Unauthorized posting of RAND electronic documents to a non-RAND website is prohibited. RAND electronic documents are protected under copyright law. Permission is required from RAND to reproduce, or reuse in another form, any of our research documents for commercial use. For information on reprint and linking permissions, please see RAND Permissions. This product is part of the RAND Corporation occasional paper series. RAND occa- sional papers may include an informed perspective on a timely policy issue, a discussion of new research methodologies, essays, a paper presented at a conference, a conference summary, or a summary of work in progress. All RAND occasional papers undergo rigorous peer review to ensure that they meet high standards for research quality and objectivity.
    [Show full text]
  • Chapter 2 China's Impact on U.S. Security Interests
    CHAPTER 2 CHINA’S IMPACT ON U.S. SECURITY INTERESTS SECTION 1: MILITARY AND SECURITY YEAR IN REVIEW Introduction This section—based on a Commission hearing, discussions with outside experts and U.S. Department of Defense (DoD) officials, and independent research—examines China’s late 2012 national and military leadership transition, China’s 2012 defense white paper, China’s 2013 defense budget, China’s military moderniza- tion, security developments involving China, and the U.S.-China security relationship. The section concludes with a discussion of China’s impact on U.S. security interests. See chapter 2, section 2 and chapter 2, section 3, for coverage of China’s cyber activities and China’s maritime disputes, respectively. Leadership Transition President Xi Jinping Assumes Central Military Commission Chairmanship China’s late 2012 leadership transition brought the largest turn- over to the Central Military Commission (CMC) * in a decade. Xi Jinping assumed the position of both CMC chairman and Chinese Communist Party (CCP) general secretary at the CCP’s 18th Party Congress on November 15, 2012. President Xi then completed his accession as China’s senior leader by becoming the People’s Repub- lic of China (PRC) president on March 14, 2013. Although Presi- dent Xi was widely expected to eventually assume all three of Chi- na’s top leadership posts, many observers were surprised by the speed of his elevation to CMC chairman. Official Chinese press de- scribed President Xi’s early promotion as an ‘‘unusual twist to Chi- na’s leadership transition’’ and praised outgoing CMC Chairman Hu Jintao for his decision to step down.1 Mr.
    [Show full text]
  • Infosys Drives Aptitude Questions
    Courses covered on InfyTQ under the Foundation Courses section are Programming Fundamentals, Object-Oriented Programming, Data Structures and Algorithms using Python, and Learning DBMS and SQL. 1. Programming Fundamentals using Python a. Introduction to Programming b. Algorithms c. Pseudocode d. Control Structures e. Eclipse Plug-in f. Debugging g. Collections h. Functions i. Exception Handling j. Recursion k. Libraries and Functions l. File Handling 2. Object-Oriented Programming Retail a. Introduction b. OOP Basics c. Encapsulation d. Using Objects e. Eclipse tips f. Static g. Relationships h. Inheritance i. Abstract class j. Exception Handling 3. Data Structures and Algorithms a. Introduction to Data Structures b. List Data Structure c. Stack d. Queue e. Non-linear Data structures f. Hashing and hash table g. Search algorithm h. Sort algorithm i. Algorithm technique 4. Learning DBMS and SQL a. Entities and Relationships diagram b. SQL basics c. DDL statements d. DML statements e. Joins f. Subquery g. Transactions h. Modular query writing i. Normalization j. No SQL databases Test-I –Infy DBMS The below table holds the result of an assessment of 3 students. Table: Assessment StudentId Marks 1001 99 1002 33 1003 88 A requirement is given to 3 developers Tom, Dick and Harry to generate a report as follows: StudentId Marks 1001 99 1002 FAIL 1003 88 If a student has scored less than 50, his status must be shown as ‘FAIL’. Otherwise, his mark must be displayed. The 3 developers wrote the following queries: Tom: SELECT STUDENTID,CASE WHEN
    [Show full text]
  • “Rising China and Brics; a Step Towards Multipolar World”
    Pakistan Journal of Humanities & Social Sciences Research Volume No. 02, Issue No. 01(June, 2019) “RISING CHINA AND BRICS; A STEP TOWARDS MULTIPOLAR WORLD” Ahmad Ali* & Tajwar Ali† Abstract West dominated global financial institutions like IMF and World Bank serves the interests of the US in a unipolar world. Some new emergent economies along with China have endeavored to counter these global hegemonic financial institutions by initiating new financial institutions in the form of BRICS and NDB. This paper attempts to explore the role of a rising China in BRICS, and how it makes ways for multipolarity. It further reveals the implications of the economic plans of BRICS nations in the western world. Through descriptive-analytical research, that draws inference from a mainly qualitative approach, this research has been informed from both primary and secondary data. China is successful in her approach towards global multipolarity, which is being countered by the US through a new Cold War. The western world should view the economic blocs and mounting economies optimistically as opportunities, not threats to avoid future conflicts in the form of New Cold Wars. Key Words: BRICS, Brics Bank, United States, China Introduction In the Post-Cold War era, the US started to operate her hegemonic policies as a superpower of the world. The US fortified its nexus with the Western world and it bolstered the western world to augment NATO. NATO countries safeguarded the security of the US and other Western nations. China was an anemic state during the Cold War but after Cold war, China made a record high breakthroughs in the field of science and technology, in the field of economy, military and above all in the field of space technology.
    [Show full text]