Social and Behavioral Sciences Commons^™

Minari: The Concealed Asian Aspiration Wrapped In The American Dream, Anh Luan Tran-Nguyen, Arthur Nguyen

Markets, Globalization & Development Review

After the success of the Korean film Parasite, Minari – a quasi-autobiographical drama of the Korean-American film director Lee Isaac Chung – has again turned the global public’s attention to Korean culture at large. In this review, we shed light on two themes that we capture from the movie: tensions and compromises in chasing the American dream of immigrants. Although stories about pursuing the American dream are abundant, we know less about how that dream causes tensions at the individual and family levels and how the tensions are resolved. Minari is an excellent example to probe the unfolding issues relating …

Meta Analysis Of Rct Interventions, Ayo Ellis

Master's Theses

External validity of an RCT intervention enables understanding of where interventions are successful.

Meta-analysis allows for more generalized statements to be made on the effectiveness of RCTs across countries of different geographic and national income profiles. By comparing the findings from similar studies carried out in different settings I seek to describe whether RCTs in certain sectors are more sensitive to high GDP growth or higher levels of GDP. I consider 402 health, education, and industry development RCT studies done between 1980 and 2015 in 201 countries compiled by development non-profit Aidgrade. I find no significant effect of income level …

Crazy Rich Asians: A Tale Of Immigration, Globalization And Consumption In East Asia, Giana M. Eckhardt, Finola Kerrigan

Markets, Globalization & Development Review

We review the 2018 film Crazy Rich Asians in order to highlight its relevance for debates on immigration, globalization and consumption. In doing so, we argue that a new model of immigration for East Asians, distant and distinct from the American Dream, a “pull yourself up by the bootstraps” narrative infused with an Asian ethic, is being valorized in the film. We also illuminate the complexities of East Asian representation on screen, as evidenced by varying receptions to the film in America and in various regions of Asia. And, finally, we note that while the film celebrates excess in consumption …

On The Banality Of Transnational Film, Ian Reyes, Justin Wyatt

Markets, Globalization & Development Review

“Breakthrough” global blockbusters like Black Panther (2018) and Crazy Rich Asians (2018) create disturbances among critics and firms forced to wonder if such ripples of diversity will become waves of new cinema wiping out the hegemony of Hollywood and the global West. In this essay, we establish the context for this phenomenon in terms of film’s historical relationship to marketing. Through this context, we theorize a transnational aesthetic for global blockbusters, one that may serve to limit ripples of diversity, breaking waves of change against the rocks of a banal cinema of Americanized nothingness.

Globalization Tropes In Films: A Focus On Crazy Rich Asians, Nikhilesh Dholakia, Deniz Atik

Markets, Globalization & Development Review

No abstract provided.

Delhi Green Deal, Rohit Azad, Shouvik Chakraborty

PERI Working Papers

In this paper, we propose a carbon tax policy for Delhi, the most polluted capital in the world, which will fundamentally change the energy mix of Delhi’s economy toward clean, green energy and will guarantee universal access to electricity, transport and food, up to a certain amount. Any carbon mitigation strategy needs to alter our dependence on fossil fuels, requiring a systemic overhaul of its energy mix. Implementing a carbon tax will mitigate emissions and mobilise revenue for our proposed re-distributive program of Right to Food, Energy and Travel (RFET). The policy is designed to prefer ‘the poor over the …

Consumption, Investment, Integration And Digitalisation Lead Growth In Asia, Piyush Gupta, Havovi Heerjee Joshi

Asian Management Insights

An interview with Piyush Gupta, Chief Executive Officer and Director of DBS Group, about the Asia growth story and the future of banking.

The Role Of Management In The Development Of The Investment Climate In The Tourism System, Saida Azatovna Sheralieva

Scientific reports of Bukhara State University

This article provides opinions on management methods for the development of tourism, as well as their socio-psychological properties. One of the approaches reflecting the attitude towards a person in the production process is “human capital”; accordingly, the labor force in an enterprise is represented in the form of capital, for example, money capital. Within the framework of this theory, situations and confirmations related to personnel management are presented to a businessman in the form of economic terms and categories that are understandable to him. Also, this management style is presented as one of the important factors in the development of …

Globalization Tropes In Films: A Focus On Crazy Rich Asians, Nikhilesh Dholakia, Deniz Atik

Marketing Faculty Publications and Presentations

Learning from and encouraged by the impacts of film film-based windows into globalization phenomena, in this issue of MGDR, we have focused on the film Crazy Rich Asians. In the popular press, the movie has been hailed as a major cultural point of departure for Hollywood as well as panned as just an Asian Asian-themed romantic comedy that celebrates the super-rich of Asia. The buzz around this movie does, however, indicate a slight bend in the curve of the geopolitics of the globalization discourse – and hence our decision to feature a number of academically insightful reviews of this movie …

Are Volatility Expectations In Different Countries Interdependent? A Data-Driven Solution To Structural Var Identification For Implied Equity Volatility Indices, Timothy De Silva

Undergraduate Economic Review

Over the past couple of decades, the number of volatility indices has increased rapidly. Although the dynamics of realized volatility spillover have been studied extensively, very few studies exist that examine the spillover between these implied volatility indices. By using DAG-based structural vector autoregression, this paper provides evidence that implied volatility spillover differs from realized volatility spillover. Through solving the well-known VAR identification problem for these indices, this paper finds that Asia, more specifically Hong Kong, plays a central role in implied volatility spillover during and after the 2008 financial crisis.

Are Volatility Expectations In Different Countries Interdependent? A Data-Driven Solution To Structural Var Identification For Implied Equity Volatility Indices, Timothy H. De Silva

CMC Senior Theses

Over the past couple of decades, the number of volatility indices has increased rapidly. These indices seek to represent the market’s expectation of realized volatility over the coming month, based on the prices of options traded on each underlying equity index. Although the dynamics of realized volatility spillover have been studied extensively, very few studies exists that examine the spillover between these volatility indices. By using DAG-based structural vector autoregression, this paper provides evidence that implied volatility spillover differs from realized volatility spillover. Through solving the well-known VAR identification problem for these indices, this paper finds that Asia, more specifically …

Does Globalization Improve Quality Of Life?, Laura E. Hirt

Chancellor’s Honors Program Projects

No abstract provided.

The Fear Factor: Determinants Of Entrepreneurial Fear Of Failure, Pema Donyo

CMC Senior Theses

This thesis aims to investigate determinants of fear of failure in entrepreneurial activity that could inhibit starting a business. The study uses cross-sectional, pooled OLS, and panel regressions. The dependent variable is fear of failure regarding entrepreneurship, measured with the Global Entrepreneurship Monitor (GEM) survey question of whether fear of failure would prevent the responder from starting a firm. The unit of analysis is at country level. I categorize determinants into demographic, property rights, and procedural variables. A population of higher working age ratio (measured as the population aged 15-64 divided by the population aged 65 and over) correlates with …

Explaining The Growth Performances Of Asian Developing Economies, David Lim

Prof. David Lim

No matter how it is measured, the growth performance of the newly industrializing economies (NIEs) stands out. That of the Southeast Asian group, with the exception of the Philippines, and that of China is also impressive. The South Asian countries have done much less well, with countries in sub-Saharan Africa, the Caribbean, and Latin America even further behind...

Europe 1992: Economic Implications For Asia, David Lim

Prof. David Lim

The European Economic Community (EEC) was formed in 1957 with the signing of the Treaty of Rome. This brought together six countries (Belgium, France, West Germany, Italy, Luxemberg and the Netherlands) which were involved in the conflict of the Second World War. The Impetus for the establishment of the EEC was political but the economic gains from the operation of the scheme, popularly known as the Common Market, were so significant that eventually the original membership of six was doubled to include Denmark, Greece, Ireland, Portugal, Spain and the United Kingdom. The so-called Europe 1992 Project aims to bring about …

Invitation Strategy For Cutting Edge Industries Through Mncs And Global Talents: The Case Of Singapore, Kim Song Tan

Research Collection School Of Economics

Singapore presents an interesting case of how a country achieves dynamic economic development and innovation through the "invitation" strategy of a business hub. Despite being a small city-state with limited domestic market size and no meaningful hinterland or natural resources to speak of, Singapore has managed to transform its economy dramatically over the past 50 years by leveraging the strengths of other economies. Specifically, it has been able to attract (or "invite") various types of productive resources, including foreign capital, foreign technology and foreign workers (both skilled and unskilled) to make up for what it lacks. This has helped Singapore …

Human-Scale Economics: Economic Growth And Poverty Reduction In Northeastern Thailand, Joel D. Moore, John A. Donaldson

Research Collection School of Social Sciences

Under what conditions does economic growth benefit the poor? One way to answer this question is to identify and compare positive and negative outlier areas, those that experience greater and lesser poverty reduction, respectively, compared to what was anticipated given their levels of economic growth. The more similar these areas, the more leverage there is to unearth the factors that allow the poor to benefit from growth. In this paper, we employ an inductive approach to glean possible pathways out of poverty from two highly similar underdeveloped neighboring provinces in northeastern Thailand. Using extensive fieldwork and interviews, we explore factors …

Concepts And Measurement Of Vulnerability To Poverty And Other Issues: A Review Of Literature, Tomoki Fujii

Research Collection School Of Economics

This paper reviews the growing body of literature on vulnerability. We first provide a survey of existing studies on the concepts and measurements of vulnerability to poverty by classifying them into welfarist, expected poverty, and axiomatic approaches. We then review a number of empirical studies on vulnerability to poverty in Asia and elsewhere. This review shows that poverty and vulnerability are related, but different, and that key determinants of vulnerability often include education and location. We also briefly review other areas of vulnerability analysis such as vulnerability to climate change and offer various policy implications arising from vulnerability analysis.

Growth Engine: Effects Of China’S Trade And Investment On The Economies Of East And Southeast Asia, Xi Gao

Honors Theses

The emergence of China as an economic superpower through globalization and fragmentation of production has impacted global trade relations, particularly in East and Southeast Asia (ESA). China has become a major trading partner for ESA economies not only through exporting goods to ESA countries, but also importing goods to satisfy China’s energy and consumer needs. This thesis studies the impact trade and investment relationships with China have on ESA economies. This study will include ten developed and developing ESA countries: Japan, Republic of Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, Cambodia, Lao DPR, and Philippines. The results obtained include: 1) the …

Remittances Without Borders, Tan Swee Liang, S. N. Venkataramanan, Anil Kishora

Research Collection School Of Economics

A Pan-Asian Mobile Remittance Platform might just be the next big disruption in global remittances. One out of every 28 people lives in a country that they were not born in. As migrants, they are estimated by The World Bank to send home US$636 billion in 2017, with three-quarters remitted to developing countries. These remittances form a significant percentage of the Gross Domestic Product (GDP) of many of these developing countries. Given their magnitude and contribution to national economies, even a small reduction in remittance cost adds billions to these local economies. Mobile-to-mobile cross border remittances have recently shown that …

Timothy Ong [Brunei, Chairman Of Asia Inc Forum], Timothy Ong

Digital Narratives of Asia

Timothy Ong is Chairman of Asia Inc Forum, a regional platform for policy and business dialogue which he set up after the failure of his magazine Asia Inc. Mr Ong talks openly to DNA about the Asia Inc episode and how he learned from those mistakes to build a stronger, better company. He also shares his impressions of leaders he has met through his work at Asia Inc Forum.

International Transmission Of Interest Rates And The Open Economy Trilemma In Asia, Hwee Kwan Chow

Research Collection School Of Economics

There has recently been much discussion on the relevance of the open economy trilemma in the context of deepening financial integration of countries across the world (see for instance, Rey (2013) and Devereux and Yetman (2014)). The open economy trilemma is an important issue for the countries in Asia not least because their financial systems are small and exchange rate stability is crucial to their economic growth. This paper investigates whether the economies in Asia are still bound by the "impossible trinity" by examining the interest rate transmission from the US to the region before and after the onset of …

Managing Private Vehicles In Asian Cities, Sock-Yong Phang

Research Collection School Of Economics

Asia's rapid urbanization and growing incomes have resulted in a corresponding booming market in motor vehicle sales. In 2013, an estimated 18 million new passenger cars were sold in China. Motor vehicle users generate congestion, pollution, accidents, noise and road damage. Yet, in most cities motor vehicle users often do not pay the full social costs and are therefore implicitly subsidized by non-users. According to the Tom Tom Traffic Index, which is based on GPS data, motorists in the worst congested cities in developed countries spend up to 40% more time for peak hour commutes. This level of delay is …

“Monetary And Currency Policy Management In Asia” By M. Kawai, P.J. Morgan And S. Takaji [Book Review], Hwee Kwan Chow-Tan

Research Collection School Of Economics

No abstract provided.

Good Practices In Standard Setting For Domestic Worker Contracts, Piyasiri Wickramasekara

PIYASIRI WICKRAMASEKARA

The presentation discusses international good practices in model or standard employment contracts in protection of migrant domestic workers. International instruments negotiated by ILO and UN constituents are the best sources of good practices. It outlines the provisions in international instruments, particularly the ILO Convention on Domestic Workers, 2011 (No. 189). The author maintains that for maximum effectiveness, the model/standard contracts should be mutually recognized by countries of origin and destination, and duly enforced to ensure compliance by employers, and supplemented by other measures. The author concludes that there is a large unfinished agenda in ensuring decent work for domestic workers.

China And The New Triangular Relationships In The Americas: China And The Future Of Us-Mexico Relations, Enrique Dussel Peters, Adrian H. Hearn, Harley Shaiken

Center for Latin American Studies Publications

This book advances the concept of “triangular relationships” by analyzing benefits and conflicts within US-Mexico-China relations as Chinas´ influence increases. The contributors examine this phenomenon from economic, political, and social perspectives. China´s deepening impact in the Americas suggests that triangular relation-ships, such as those examined in this volume, will necessarily weigh more heavily into other fields of research in the future.

Pricing And Hedging Asian Options, Vineet B. Lakhlani

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper will mainly focus on a path-dependent option—Asian options. The value of a path-dependent option is affected by how the price of the underlying asset was reached at the time of maturity. Unlike a vanilla European option, the pay-off of an Asian option is a function of multiple points up to and including the price at expiry. Asian options are some of the most common exotic options traded. As P. Wilmott (2006) and E. G. Haug (2007) both point out, Asian options are popular in the OTC energy markets and in other commodity markets lacking liquidity. [9]

Demographic Changes And Economic Growth: Empirical Evidence From Asia, Sijia Song

Honors Projects

Asia has witnessed robust economic growth since the 1960s and the so-called “East Asian economic miracle”. Even till today when the world’s largest economies are suffering from debt and banking crises, emerging markets in Asia have managed to maintain rapid growth. In the meantime, significant demographic changes are taking place in Asian countries. Using an economic growth model, this article further examines the effects of demographic changes on economic growth in thirteen Asian countries during the period from 1965 to 2009. The results indicate negative effects of growth in the total population and the young population on economic growth while …

Setting The Agenda: Asia And Latin America In The 21st Century, Ariel C. Armony

Center for Latin American Studies Publications

Latin America and Asia are among the world’s fastest growing regions. Trade between Asia and Latin American and Caribbean countries has risen dramatically in recent years. It is undeniable that Asia now plays a formidable role in the economic development of the region. This publication emerges out of the University of Miami’s 2012 “Asia and Latin America in the 21^st Century” conference, where leaders from academic, policy, business, and media communities from around the world convened to address the macroeconomic trends, trade relations, and sociopolitical trends that have emerged as the links between Asia and Latin America strengthen. Organized …

Immigration And Reverse Brain Drain In South East Asia, Trang T. Tran

Honors Theses

In recent years, governments around the world have shown increasing concerns about brain drain, the shift in human intelligence of many of their best educated citizens from developing countries to developed countries, as it causes negative effects on social and economic sectors of the source country. Nonetheless, Kuhn and McAusland (2006) argue that talent might often be wasted at home; migration to more supportive environments raises global innovation. Saxenian (2003) finds that gains may flow back to the developing country via returnees with enhanced skills, personal connections, and ideas for innovation. This thesis studies the causes of immigration. The study …