International trade negotiations and the trans-border movement of people: A review of the literature

We review the international and New Zealand literatures on the two-way interaction between international migration and agreements designed to enhance cross-border trade or investment. Benefits and costs of migration, to the extent that these may feature in trade and migration negotiations, are discussed. While trade and migration can be substitutes in some contexts, they will be complements in other contexts. Liberalisation of services and the movement of people are likely to offer much more significant gains than liberalisation of remaining barriers to goods trade. Significant scope for liberalisation under GATS mode 4 (the movement of natural persons) may remain. However, temporary migration is already promoted on a unilateral and bilateral basis within immigration policy frameworks that may provide greater flexibility than GATS mode 4. With respect to both trade and migration, the more diverse the exchanging countries are, the greater the economic benefits tend to be. However, greater diversity may also imply greater social costs. This paradox of diversity needs to be addressed through appropriate social policies accompanying enhanced temporary and permanent migration

Inflationary performance in a monetary union with large wage setters

Building on a micro-founded model of a two region-world economy in the tradition of the new open economy literature, this paper analyses the strategic interaction of large wage-setters and the central bank when switching from a regime of uncoordinated national monetary policies to a monetary union. The establishment of a monetary union is shown to favour wage restraint, provided the uni…ed central bank is not too conservative. Wage discipline may reduce equilibrium in‡ation in a monetary union relative to the one under uncoordinated national monetary policies when wage setting is centralised across member countries. --monetary union,wage bargaining,inflationary bias

New insights on the role of location advantages in international innovation

This paper takes a closer look at the role of location advantages in the spatial distribution of MNE R&D activity. In doing so, we have returned to first principles by revisiting our understanding of L and O advantages and their interaction. We revisit the meaning of L advantages, and offer a succinct differentiation of L advantages. We emphasise the importance of institutions, and flesh out the concept of collocation L advantages, which play an important role at the industry and firm levels of analysis. Just because a country possesses certain L advantages when viewed at a macro-level, does not imply that these are available to all industries or all firms in that location without differential cost. When these are linked to the distinction between location-bound and non location-bound O advantages, and we distinguish between MNEs and subsidiaries it allows for a clearer understanding of the MNE's spatially distributed activities. These are discussed here in the context of R&D, which - in addition to the usual uncertainties faced by firms - must deal with the uncertainties associated with innovation. Although prior literature has sometimes framed the centralisation/decentralisation, spatial separation/collocation debates as a paradox facing firms, when viewed within the context of the cognitive limits to resources, the complexities of institutions, and the slow pace of the evolving specialisation of locations, these are in actuality trade-offs firms must make.FDI, foreign investment, direct investment, multinationals, transnational corporations, MNEs, eclectic paradigm, collocation, locational advantage, country specific advantages

The making of world society: perspectives from transnational research

Do the current changes of both geographical and symbolic boundaries lead to the emergence of a world society? How do transnational migration, communication and worldwide economic and political networks manifest themselves in globalised modernity? This book presents innovative contributions to transnationalisation research and world society theory based on empirical studies from Asia, Africa, Latin America and Europe. Practicable methodologies complete theoretical inquiries and provide examples of applied research, which also might be used in teaching

The Orthographic Assimilation of Nsibidi Ideograms

This thesis calls into question the silently-held presumption that the Latinization (i.e. the use of Latin alphabets in transcription) of indigenous languages in southeastern Nigeria is both necessary and sufficient for their orthography. The arguments presented herein aim to demonstrate the fact that Latinization has systematically excluded an entire realm of symbols and meanings which facilitate the inter-subjective transfer of ideas; realms that cannot always be navigated by relying upon transcription by way of Latin alphabets. In order to adequately address several of the weaknesses identified in the Latinized scripts, the thesis will argue for an expanded orthography that is more inclusive and representative of the sociofacts, mentifacts and artifacts that are peculiar to southeastern Nigeria

Reconciling the irreconcilable? An application of economics to long-term fiscal sustainability of the HIV/AIDS response in Uganda

This Ph.D. aims to propose a pragmatic approach to the long-term fiscal sustainability of the HIV and HIV response in Uganda. It is motivated by the fact that whereas financing of the HIV response has been among the dominant economic development issues over the last years, it now faces an uncertain outlook. Using a mixed-methods research approach, this Ph.D.’s empirical, theoretical, and methodological contributions improve our understanding of the economics (and politics) of achieving fiscal sustainability of HIV responses. Empirically, I found that Uganda will not “end AIDS” by 2030 despite projected significant reductions in AIDS deaths and new HIV infections by 68% and 80% respectively between 2010 and 2030 under a scale-up strategy, the Fast-Track approach. From a fiscal perspective, the corresponding direct and indirect HIV-induced contingent fiscal liabilities range between 150% and 200% of GDP (in 2015 terms). To cope with these fiscal quasi-liabilities implied by the national HIV response, a novel analytical framework for achieving fiscal sustainability of HIV responses is proposed and, through a proof-of-concept, validated in this Ph.D. Theoretically informed and relying on a set of core principles, behavioral economics-inspired, explicit political analysis and, game-theoretic approaches, I empirically assess the likely evolution of future public spending and revenues through analytic policy simulations and conclude that the fiscal space created from applying this novel and pragmatic approach could meet the above-mentioned HIV-induced contingent fiscal liabilities estimated at US$ 24 billion by 2030. This Ph.D. also explores political economy considerations regarding long-term funding for the HIV response. This Ph.D. hopes to contribute to technically sound and politically achievable approaches to addressing HIV-related long-term fiscal challenges in Uganda and, more broadly, toward literature on the political economy of fiscal sustainability

Making sense of institutional change in China: The cultural dimension of economic growth and modernization

Building on a new model of institutions proposed by Aoki and the systemic approach to economic civilizations outlined by Kuran, this paper attempts an analysis of the cultural foundations of recent Chinese economic development. I argue that the cultural impact needs to be conceived as a creative process that involves linguistic entities and other public social items in order to provide integrative meaning to economic interactions and identities to different agents involved. I focus on three phenomena that stand at the center of economic culture in China, networks, localism and modernism. I eschew the standard dualism of individualism vs. collectivism in favour of a more detailed view on the self in social relationships. The Chinese pattern of social relations, guanxi, is also a constituent of localism, i.e. a peculiar arrangement and resulting dynamics of central-local interactions in governing the economy. Localism is balanced by culturalist controls of the center, which in contemporary China builds on the worldview of modernism. Thus, economic modernization is a cultural phenomenon on its own sake. I summarize these interactions in a process analysis based on Aoki's framework. --Aoki,culture and the economy,emics/etics,guanxi,relational collectivism,central/local government relations,culturalism,population quality,consumerism

Contemporary global challenges in geopolitics, security policy and world economy

This is the second time that the International PhD Conference has been organized by the International Relations Multidisciplinary Doctoral School of Corvinus University of Budapest. We hope this is a sign that we have created a tradition, and that the conference will be organized in the future as well. As in the previous year, most of the presentations given at this year’s conference will again be published in a collected volume in the form of edited studies, with the aim of promoting the publication performance of PhD students.The comprehensive profile of the Doctoral School, the diversity of its three subprograms – International and Security Studies, World Economy and Geopolitics – is reflected in the various topics of the studies in this volume. These include e.g. security and defence policy, challenges the world economy is facing nowadays, the institutions and policies of the European Union, the emerging powers of Asia, as well as sustainability and other important, highly relevant issues. The regions examined in the studies range from the EU through the Arab world to Latin America and Asia, and countries such as the United States, Russia, Ukraine, China, India, Jordan and Tunisia are analysed, to name just a few.The multidisciplinary nature of the Doctoral School has long been expressed in its name, mainly due to the fact that it is entitled to award degrees in two disciplines (economics and political science). Multidisciplinarity is also manifested in the diversity of the topics of this volume. Not only multidisciplinarity, but also interdisciplinarity, the presence of “frontiers” in the field of mutually interdependent disciplines can be traced in the articles, as the authors refer to e.g. law, history, security policy as well as theories of international relations