The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review seeks high-quality papers with relevance to policy issues and operational matters done in an empirically-rigorous way. Articles are intended for readership among economists and social scientists in government, private sector, academia, and international organizations. In this issue---Creating Good Employment Opportunities for the Rural Sector; Winners and Losers of Multinational Firm Entry into Developing Countries: Evidence from the Special Economic Zones of the People's Republic of China; Rural-Urban Migration and Employment Quality: A Case Study From Thailand; ADB Forum on the Use of Capital Controls.
Governments of industrial countries throughout the world are losing control of their finances as expenses outstrip income and they are forced to borrow and thus pay interest rather than shape economic development. Budget, treasury, and financial officials; analysts from international organizations; and academics from the US, Europe, and Japan address the problem by examining the fiscal implications of changing demographics, the yoke of prior commitments, and fiscal policy and worldwide saving and investment. They conclude that the technical means for solving the problem exists, waiting only the political will to abandon prior commitments, finance present commitments, and save for future commitments. No index. Annotation copyright by Book News, Inc., Portland, OR
This publication is a collection of studies that discuss critical issues related to the future of the international monetary system and the role of Asia in its evolution. It is envisaged to enhance the awareness of Asian policy makers and the public in order to participate actively and constructively in the emerging global dialogue on reforming the global reserve system.
This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy credibility and different exchange rate regimes. Using a two-stage game approach to the strategic choice of policy instruments, it identifies optimal (in a Pare to sense) and sustainable (self-enforcing) exchange rate regimes. The theoretical results indicate that the choice of such regimes depends fundamentally on the credibility of monetary policy commitments by the two countries’ authorities. The nature of shocks to the economies and the substitutability between goods produced in the two countries also play some role. International coordination on instrument choice is necessary to design optimal and sustainable exchange rate regimes.
A comprehensive review to the synthesis, properties, and applications of diarylethene-based molecular photoswitches Diarylethene Molecular Photoswitches: Concept and Functionalities provides the fundamental concepts of molecular photoswitches and includes information on how the bistable photoswitches of diarylethenes modulate the functions of materials and biological activities. Written by Masahiro Irie (the inventor of photochromic diarylethene compound), the book explores the reaction mechanism, photoswitching performance, photoswitchable crystals, and the myriad applications of diarylethenes based photoswitches. This book offers academics, chemists, and engineers an essential resource for understanding the molecular photoswitches and provides a guide to the development of new photoresponsive materials. The author explores the applications based on diarylethene and its dirivatives to Field-Effect Transistors, Metal-Organic Frameworks including nanoparticles, super-resolution fluorescence microscopies, drug release, and self-healing materials. This important book: * Offers a guide to diarylethene derivatives, the most widely studied compounds worldwide among the photochromic compounds * Includes the basic concepts of molecular photoswitches * Explores the myraid applications grounded in diarylethene and its derivatives * Presents an authortative text from the inventor of the photochromic diarylethene compound Written for materials scientists, organic, polymer, and physical chemists, and electronics engineers, Diarylethene Molecular Photoswitches offers an introduction to the topic and includes recent developments in the field.
This book describes the state of the lay participation system in criminal justice, saiban-in seido, in Japanese society. Starting with descriptions of the outlines of lay participation in the Japanese criminal justice system, the book deals with the questions of what the lay participants think about the system after their participation, how the general public evaluate the system, whether the introduction of lay participation has promoted trust in the justice system in Japan, and the foci of Japanese society’s interest in the lay participation system. To answer these questions, the author utilizes data obtained from social surveys of actual participants and of the general public. The book also explores the results of quantitative text analyses of newspaper articles. With those data, the author describes how Japanese society evaluates the implementation of the system and discusses whether the system promotes democratic values in Japan.
Are we seeing the presidentialization of politics in Japan? Certainly, many recent prime ministers have demonstrated powerful leadership, notably Junichiro Koizumi and Shinzo Abe. While the phenomenon of presidentialization has been much discussed for years, the Japanese case has not received much attention in the English language. Iwasaki analyses the state of Japanese politics using the established analytical framework of presidentialization – looking at leadership power resources, leadership autonomy, and the personalization of the electoral process – and assesses the factors that have been claimed to lead to similar changes in other countries. He argues that there are also unique variables that contribute to the presidentialization of Japanese politics. Most notably, the introduction of public subsidies to political parties and electoral reform in 1994. A valuable contribution to the global scholarship on presidentialization, which will be of particular interest to scholars of Japanese politics.
Essential Japanese Grammar is an indispensable study guide for students of the Japanese language at all levels. Long the standard in Japanese language education, it provides clear, jargon-free explanations of how Japanese grammar works and offers hundreds of example sentences. An essential handbook for self-study or the classroom, students will find that a strong foundation in grammar is vital to those wishing to learn Japanese. Essential Japanese Grammar presents many unique features. First, grammatical terminology has been kept to a minimum so that extensive prior knowledge of grammar is not required. Second, abundant example sentences are written in Japanese characters (kana and kanji) followed by romanji and English translations. Third, the authors have tried to reveal aspects of grammar that may not be found in comparable grammar books--such as rare Japanese verbs, adjectival nouns, clauses, adverbs, etc. This Japanese grammar book contains: Parts of speech. Sentence constructions. Conjugations forms. Speech styles and tones. Accentuation rules. Essential words and functional elements. An appendix for referencing and cross-referencing Japanese words.
Micro/Nano Robotics and Automation technologies have rapidly grown associated with the growth of Micro and Nanotechnologies. This book presents a summary of fundamentals in micro-nano scale engineering and the current state of the art of these technologies. “Micro-Nanorobotic Manipulation Systems and their Applications” introduces these advanced technologies from the basics and applications aspects of Micro/Nano-Robotics and Automation from the prospective micro/nano-scale manipulation. The book is organized in 9 chapters including an overview chapter of Micro/Nanorobotics and Automation technology from the historical view and important related research works. Further chapters are devoted to the physics of micro-nano fields as well as to material and science, microscopes, fabrication technology, importance of biological cell, and control techniques. Furthermore important examples, applications and a concise summary of Micro-Nanorobotics and Automation technologies are given.
This book addresses various aspects of testicular autoimmunity. It has long been suspected that testicular autoimmunity could be one of the causes of idiopathic male infertility. However, it is very difficult to estimate the incidence of testicular autoimmunity in men, as most male patients first realize they are infertile when they start trying to conceive a child, and there is a possibility that their testes may already exhibit the end stage of testicular autoimmunity, in which lymphocytic inflammation and immunoglobulin deposition in their testes subsided long ago and only the spermatogenic disorder remains. Therefore, autopsy or biopsy for testicular tissues in men before the end stage of testicular autoimmunity and investigations using testicular autoimmunity model animals are needed to determine the epidemiology of testicular autoimmunity. Accordingly, the book discusses “the immunological fragility of testis” with regard to male infertility, reviewing autopsy data in men and presenting experimental data using murine models of autoimmune orchitis that has been induced by immunizing with viable syngeneic testicular germ cells alone. Testicular autoimmunity in animals is also discussed. In summary, the book provides a wealth of valuable information, not only for researchers who are interested in immunologic male infertility, but also for clinical professionals who treat these patients at hospitals.
This book presents a new view of the mechanism of functional expression of ATP-driven motors (proteins or protein complexes). It is substantially different from the prevailing idea that the motor converts chemical energy to mechanical work. To facilitate understanding, the differences between the new and prevailing views are explained using many illustrations. The book is of interest to those who are not convinced of the notion of chemo–mechanical coupling. The claims presented are the following: The system, which comprises not only the motor but also water, does no mechanical work during the ATP hydrolysis cycle; a protein is moved or a protein in the complex is rotated by the entropic force generated by water. The highlight of the explanation in the book is that the mechanism of unidirectional rotation of the central shaft in F1-ATPase is discussed in detail on the basis of this new view. The hydration entropy of each β subunit to which a specific chemical compound (ATP, ADP and Pi, Pi, or nothing) is bound, the hydration entropy of the α3β3 complex, and the dependence of the hydration entropy of F1-ATPase on the orientation of the γ subunit play essential roles.
This publication is a collection of studies that discuss critical issues related to the future of the international monetary system and the role of Asia in its evolution. It is envisaged to enhance the awareness of Asian policy makers and the public in order to participate actively and constructively in the emerging global dialogue on reforming the global reserve system.
A Brookings Institution Press and Asian Development Bank publication In this collaboration between the Brookings Institution and the Asian Development Bank Institute, eminent international economists examine the increased influence of Asian nations in the governance of global economic affairs, from the changing role of the G-20 to the reform of multilateral organizations such as the International Monetary Fund. Established in the aftermath of the Asian financial crisis at the ministerial level, the G-20 has served as a high-level platform for discussing economic analyses and policy responses since 1999. During the current global financial crisis, however, the G-20's role moved toward that of a global crisis management committee at the leadership level. The challenge now for the G-20 is to succeed in fostering ongoing and increasing cooperation among its members while being supportive of, rather than trying to replace, more universal institutions. After analyzing the dynamics of growth in Asia comparatively and historically, the volume appraises the scope for policy coordination among key economies. The contributors analyze financial stability in emerging Asia and then assess the implications of Asia's increasing role within the newly emerging system of global economic governance, focusing especially on reform of the international monetary structure. Contributors: Dony Alex (ICRIER, New Delhi), Kemal Dervis¸ (Brookings), Hasan Ersel (Sabanci University), Karim Foda (Brookings), Yiping Huang (Peking University), Masahiro Kawai (ADBI), Rajiv Kumar (FICCI, New Delhi), Domenico Lombardi(Oxford University and Brookings), José Antonio Ocampo (Columbia University),Jim O'Neill (Goldman Sachs)
Governments of industrial countries throughout the world are losing control of their finances as expenses outstrip income and they are forced to borrow and thus pay interest rather than shape economic development. Budget, treasury, and financial officials; analysts from international organizations; and academics from the US, Europe, and Japan address the problem by examining the fiscal implications of changing demographics, the yoke of prior commitments, and fiscal policy and worldwide saving and investment. They conclude that the technical means for solving the problem exists, waiting only the political will to abandon prior commitments, finance present commitments, and save for future commitments. No index. Annotation copyright by Book News, Inc., Portland, OR
A Brookings Institution Press and Asian Development Bank Institute Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions. The emerging economies of Asia had the most favorable outcomes, surviving the ravages of the global financial crisis with relatively modest declines in growth rates in most cases. China and India maintained strong growth during the crisis and played an important role in facilitating global economic recovery. In this informative volume, the second in a series on emerging markets, editors Masahiro Kawai and Eswar Prasad and the contributors analyze the major domestic macroeconomic and financial policy issues that could limit the growth potential of Asian emerging markets, such as rising inflation and surging capital inflows, with the accompanying risks of asset and credit market bubbles and of rapid currency appreciation. The book examines strategies to promote financial stability, including reforms for financial market development and macroprudential supervision and regulation.
This paper examines the question of how to design an optimal and sustainable exchange rate regime in a world economy of two interdependent countries. It develops a Barro-Gordon type two-country model and compares noncooperative equilibria under different assumptions of monetary policy credibility and different exchange rate regimes. Using a two-stage game approach to the strategic choice of policy instruments, it identifies optimal (in a Pare to sense) and sustainable (self-enforcing) exchange rate regimes. The theoretical results indicate that the choice of such regimes depends fundamentally on the credibility of monetary policy commitments by the two countries’ authorities. The nature of shocks to the economies and the substitutability between goods produced in the two countries also play some role. International coordination on instrument choice is necessary to design optimal and sustainable exchange rate regimes.
The Asian Development Review is a professional journal for disseminating the results of economic and development research carried out by staff and resource persons of the Asian Development Bank (ADB). The Review seeks high-quality papers with relevance to policy issues and operational matters done in an empirically-rigorous way. Articles are intended for readership among economists and social scientists in government, private sector, academia, and international organizations. In this issue---Creating Good Employment Opportunities for the Rural Sector; Winners and Losers of Multinational Firm Entry into Developing Countries: Evidence from the Special Economic Zones of the People's Republic of China; Rural-Urban Migration and Employment Quality: A Case Study From Thailand; ADB Forum on the Use of Capital Controls.
A Brookings Institution Press and Asian Development Bank Institute publication The global financial crisis has led to a sweeping reevaluation of financial market regulation and macroeconomic policies. Emerging markets need to balance the goals of financial development and broader financial inclusion with the imperative of strengthening macroeconomic and financial stability. The third in a series on emerging markets, New Paradigms for Financial Regulation develops new analytical frameworks and provides policy prescriptions for how the frameworks should be adapted to a world of more free and more volatile capital. This volume provides an overview of the global regulatory landscape from the perspective of Asian emerging markets. The contributors discuss the many challenges ahead in developing sound and flexible financial regulatory systems for emerging market economies. The challenges are heightened by the rising integration of these economies into global trade and finance, the growing sophistication of their financial systems as globalization and emergence processes accelerate, and their potential vulnerability to instability arising from the financial markets in the advanced economies. The contributors provide guidance about pitfalls to be avoided, general principles that should guide the creation of sound regulatory systems, and valuable analytic perspectives about how to continue to broaden the financial sector and innovate while still maintaining financial and macroeconomic stability.
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