Growth and Distribution in the Market Economies of East Asia

This is a review and comparison of seven books dealing with income distribution and economic development focusing on the countries of East Asia. The books reviewed are: Irma Adelman and Sherman Robinson, Income Distribution Policy in Developing Countries. New York: Oxford University Press, 1979. Edward K. Y. Chen, Hyper-Growth in Asian Economies: A Comparative Study of Hong Kong, Japan, Korea, Singapore, and Taiwan. New York: Holmes & Meier, 1979. John C. H. Fei, Gustav Ranis, and Shirley W. Y. Kuo, Growth with Equity: The Taiwan Case. New York: Oxford University Press, 1980. Walter Galenson, ed., Economic Growth and Structural Change in Taiwan. Ithaca, N.Y.: Cornell University Press, 1979. Ronald Hsia and Laurence Chau, Industrialisation, Employment and Income Distribution. London: Croom Helm, 1978. Felix Paukert, Jiri Skolka, and Jef Maton, Income Distribution, Structure of Economy and Employment. London: Croom Helm, 1981. Bhanoji Rao and M. K. Ramakrishnan, Income Inequality in Singapore, 1966-1975. Singapore: Singapore University Press, 1980. [Excerpt] Who benefits how much from economic development? This question is at the forefront of current thinking among social scientists. In contrast to the last generation of development studies, which was oriented primarily toward macro questions such as economic growth and capital formation, the current generation of studies adopts a more micro character. This redirection began in the late 1960s with attention to the problem of unemployment. The decade of the 1970s witnessed an outpouring of studies on distributional problems. In this essay, I will review several books written by economists analyzing income distribution in one part of the world, East Asia. But before doing so, it is imperative to review various approaches that have been used to measure change in income distribution in the course of economic development: different measures may lead to fundamentally different judgments about the success or failure of economic growth; they may even raise the question whether, in a given context, development took place at all

Source signatures from combined isotopic analyses of PM2.5 carbonaceous and nitrogen aerosols at the peri-urban Taehwa Research Forest, South Korea in summer and fall.

Isotopes are essential tools to apportion major sources of aerosols. We measured the radiocarbon, stable carbon, and stable nitrogen isotopic composition of PM2.5 at Taehwa Research Forest (TRF) near Seoul Metropolitan Area (SMA) during August-October 2014. PM2.5, TC, and TN concentrations were 19.4 ± 10.1 μg m-3, 2.6 ± 0.8 μg C m-3, and 1.4 ± 1.4 μg N m-3, respectively. The δ13C of TC and the δ15N of TN were - 25.4 ± 0.7‰ and 14.6 ± 3.8‰, respectively. EC was dominated by fossil-fuel sources with Fff (EC) of 78 ± 7%. In contrast, contemporary sources were dominant for TC with Fc (TC) of 76 ± 7%, revealing the significant contribution of contemporary sources to OC during the growing season. The isotopic signature carries more detailed information on sources depending on air mass trajectories. The urban influence was dominant under stagnant condition, which was in reasonable agreement with the estimated δ15N of NH4+. The low δ15N (7.0 ± 0.2‰) with high TN concentration was apparent in air masses from Shandong province, indicating fossil fuel combustion as major emission source. In contrast, the high δ15N (16.1 ± 3.2‰) with enhanced TC/TN ratio reveals the impact of biomass burning in the air transported from the far eastern border region of China and Russia. Our findings highlight that the multi-isotopic composition is a useful tool to identify emission sources and to trace regional sources of carbonaceous and nitrogen aerosols

On Geography and Institutions as Determinants of Foreign Direct Investment. A cross country comparative analysis of sub-Saharan African relative to developing countries

This work explores what factors determine foreign direct investment (FDI) in sub-Sahara Africa (SSA) relative to non-sub-Saharan African countries, using a panel data set which encompasses most of the world´s developing countries between 1997 and 2006. The results indicate that institutions and infrastructure development promoted FDI to non-SSA but did not induce FDI to sub-Saharan Africa. Geography played a modest and indirect role. The marginal benefit from openness to trade was higher for SSA, which is closely related to resource-seeking FDI that did not translate into sustained economic growth, neither institutional change, but consequently crowded out the second FDI wave of manufacturing. At the same time, FDI into value-added manufacturing largely located in non-SSA countries acted as engine for scaling the economic development ladder through institutional improvement for a number of non-SSA countries. Hence, FDI has the potential to act as a reliable and equitable driver of sustained economic development and poverty alleviation. The destiny of the “resource curse” linked to FDI failure marks the novelty of this paper in the FDI and development literature.Foreign direct investment, developing countries, sub-Saharan Africa, resource curse, geography, institutions

Financial Development and the Distribution of Income in Latin America and the Caribbean

One of the central concerns in Latin America and the Caribbean (LAC) has been the reduction of poverty and inequality so prevalent in the continent. Using large world samples, the literature has found that financial development increases economic growth, increases the income of the poor, and reduces inequality. This paper studies the effects of financial development on the whole distribution of income in LAC. We find that the income of the poorest quintile has not been affected by expansion in the financial system. However, we do find that financial development has had a disproportionate positive effect on the incomes of the second, third and fourth quintiles. We also find some evidence for the Greenwood-Jovanovic (1991) hypothesis that this positive effect only begins after a country crosses a certain economic development threshold.distribution of income, financial development, inequality

The Fossil higher plants from the Canal Zone

Fossil flora described in the present report is too limited for purposes of exact correlation, which may be expected to be settled by the marine faunas present at most horizons in the Isthmian region. Accompanying table of distribution will show that from the oldest (Hohio) to the youngest (Gatun) plant-bearing formations there is no observable difference in floral facies. This so-called Oligocence series of formations does not represent any great interval of time. (39 page document

GLOBALIZATION AND ECON0MIC CONVERGENCE: AN ASSESSMENT

This paper offers a critical survey of a strong globalization thesis that predicts a direct link from more open trade and investment regimes to faster economic growth in developing countries and income convergence across the global economy. Its examination of recent experience suggests that while in a more open and integrated world economy both the quantity and the quality of investment are influenced by external factors the forces driving capital accumulation retain strong domestic roots and remain open to the influence of various types of policy initiative.

HOW EUROPEAN HISTORIANS IN THE NINETEENTH AND EARLY TWENTIETH CENTURIES TOLD THE HISTORY OF HUMAN MASS MIGRATIONS OR VÖLKERWANDERUNGEN

Historians’ interest in the history of human migrations is not limited to recent years. Migrations had already figured as explanatory factors in connection with cultural and historical change in the work of classical and ancient studies scholars of the late nineteenth and early twentieth centuries. In the writings of these scholars, migrations acted as historical landmarks or epochal thresholds and played a key role in the construction of geo‐historical areas. This model has been called “migrationism” and cannot be explained simply on the basis of the history of individual disciplines, but must be seen in its complex interaction with scientific and historical contexts. However, “migrationism” does not relate to fixed political and scientific positions or movements. For this reason, it cannot be explained adequately by using a historically or ideologically based approach. Relying on narratological approaches, this article examines migration narratives that historians of this period used to explain the rise and fall of ancient civilizations. Referring to contemporary historiographical representations of the ancient Near East, it distinguishes three main narratives that are still common today: narratives of foundation, narratives of destruction, and narratives of mixtures. In this sense, analyzing older migration narratives helps us to sharpen the critical view on the genealogy of our own views on the history—and present—of human migrations

EXPANDING DEVELOPING COUNTRIES´ EXPORTS IN A GLOBAL ECONOMY THE NEED TO EMULATE THE STRATEGIES USED BY TRANSNATIONAL CORPORATIONS FOR INTERNATIONAL BUSINESS DEVELOPMENT

World exports have expanded considerably during the past three decades. Developed countries gained more than other countries from this increase because of the strategies adopted by their transnational corporations (TNCs). The strategies of TNCs for international business emphasizes key elements for strengthening the competitiveness of enterprises, especially technology creation and outward foreign direct investment (FDI) to access resources and markets. Most export promotion and development activities carried out by export-oriented enterprises in developing countries contribute little to boosting and upgrading their exports because these activities are based on concepts - basically free trade, comparative advantage and interrelated concepts - that do not capture the driving forces for trade development in today’s global economy. Proponents of almost total trade liberalization and of a limited role of the State in the economy nevertheless overstate the importance of these concepts when advising developing countries on trade strategies. This ideological consideration benefits mainly developed countries’ TNCs, which now dominate world trade. To obtain greater benefits from an outward-oriented development strategy, policy makers in developing countries should support export-oriented enterprises emulating TNCs’ strategies for international business.