The enormous global demand for smartphones in recent years has created a new global tech cycle. In 2016 alone, global smartphone sales reached close to 1.5 billion, one for every fifth person on earth. In turn, this has engendered complex and evolving supply chains across Asia. We show that the new tech cycle cannot be captured by standard seasonality, but depends on smartphone product release dates. Decomposing cycle from trend, we also show that the sale of smartphones may have peaked in late 2015. Asia, however, continues to gain in importance as the global tech manufacturer.
Involving several areas of geological engineering, geotechnical engineering and tunnel engineering, this book describes the soft soil deformation characteristics and dynamic responses induced by subway vibration load. Based on field monitoring and laboratory testing data, with both comprehensive micro-and macroanalysis, the authors present dynamic characteristics and deformation settlement of saturated soft clay surrounding subway tunnels using dynamic and static methodology. Mechanism of deformation, failure in microstructure of soft clay soil, dynamic response, macro deformation and settlement are all discussed and analyzed thoroughly and systematically. Some of the research findings in this book have been widely applied by large subway companies and will have broader application prospects in future. All the above make this book a valuable reference not only for technical engineers working in subway design or construction but also for advanced graduate students. Prof. Yiqun Tang works at the Department of Geotechnical Engineering, Tongji University, Shanghai, China.
This book discusses the innovative design, cable-net design and analysis, control, deployment, development and applications of large space-deployable antennas. Drawing on the authors’ own work in this field, it describes and analyzes various typical deployable antennas, membrane antennas and super-large space-assembled antennas, while chiefly focusing on mesh antennas due to their wide range of applications. It also investigates forming–finding design and the analysis of cable-truss structures for high-precision reflector antennas, as well as deployment process control and deployment reliability based on flexible multibody dynamic analysis. The book covers not only mechanical structure performance, but also electromagnetic performance realization and stability. Lastly, it proposes an electrical equivalent method for mesh reflector antennas and a coupling model for the structural displacement field and electrostatic field. Given the nature of its content, the book is intended for researchers, graduate students and engineers in the field of space antennas.
Ancient China and Greece are two classical civilisations that have exerted far-reaching influence in numerous areas of human experience and are often invoked as the paradigms in East-West comparison. This book examines gender relations in the two ancient societies as reflected in convivial contexts such as family banquets, public festivals, and religious feasts. Two distinct patterns of interpersonal affinity and conflict emerge from the Chinese and Greek sources that show men and women organising themselves and interacting with each other in social occasions intended for collective pursuit of pleasure. Through an analysis of the two different patterns, Yiqun Zhou illuminates the different socio-political mechanisms, value systems, and fabrics of human bonds in the two classical traditions. Her book will be important for readers who are interested in the comparative study of societies, gender studies, women's history, and the legacy of civilisations.
This book systematically introduces readers to the operator method, which can be used in different stages of urban planning. Energy planning should ideally be accompanied by urban planning, ranging from comprehensive planning and detailed planning, to the design of individual construction projects. This book discusses a range of methods and models for defining energy planning objectives; analyzing and predicting energy demand; assessing available energy resources; optimizing integrated energy systems; analyzing the cost-effectiveness of proposals; implementation management; and post-assessment. Part one focuses on energy planning in different urban planning stages, while part two provides detailed discussions of key issues related to energy planning.
Due to the complexity of the process operation and the requirements for high quality, low cost, safety and the protection of the environment, an increasing number of pulp and paper companies are in need of an advanced control technology to improve their process operation. This publication presents, for the first time, the theory of such an advanced control technology as well as various industrial applications associated especially with Paper Making. The reader will gain a better understanding of the most popular and advanced process control techniques and applications of these techniques in an important real-time process industry. The contents are based on the authors' own research on modeling and advanced control in this field.
The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.
Integrating information from several areas of engineering geology, hydrogeology, geotechnical engineering, this book addresses the general field of groundwater from an engineering perspective. It covers geological engineering as well as hydrogeological and environmental geological problems caused by groundwater engineering. It includes 10 chapters, i.e., basic groundwater theory, parameter calculation in hydrogeology, prevention of geological problem caused by groundwater, construction dewatering, wellpoint dewatering methods, dewatering wells and drilling, groundwater dewatering in foundation-pit engineering, groundwater engineering in bedrock areas, numerical simulation in groundwater engineering, groundwater corrosion on concrete and steel. Based on up-to-date literature, it describes recent developments and presents several case studies with examples and problems. It is an essential reference source for industrial and academic researchers working in the groundwater field and can also serve as lecture-based course material providing fundamental information and practical tools for both senior undergraduate and postgraduate students in fields of geology engineering, hydrogeology, geotechnical engineering or to conduct related research.
The enormous global demand for smartphones in recent years has created a new global tech cycle. In 2016 alone, global smartphone sales reached close to 1.5 billion, one for every fifth person on earth. In turn, this has engendered complex and evolving supply chains across Asia. We show that the new tech cycle cannot be captured by standard seasonality, but depends on smartphone product release dates. Decomposing cycle from trend, we also show that the sale of smartphones may have peaked in late 2015. Asia, however, continues to gain in importance as the global tech manufacturer.
International trade is vital for economic prosperity in Pacific island countries, but their trade performance has been weak over the past decade with the exception of resource-rich countries. Small country size and remoteness from global economic centers may have contributed to this relatively poor performance. However, the emergence of Asia as a global economic center presents Pacific island countries with an unprecedented opportunity to develop trade with Asia, particularly in tourism for a number of PICs. Moreover, if a strong two-way linkage is established between tourism and agriculture, Pacific island countries stands a better chance to improve broad-based growth.
Episodes of rapid credit growth, especially credit booms, tend to end abruptly, typically in the form of financial crises. This paper presents the findings of a comprehensive event study focusing on 99 credit booms. Loose monetary policy stances seem to have contributed to the build-up of credit booms across both advanced and emerging economies. In particular, domestic policy rates were below trend during the pre-peak phase of credit booms and likely fuelled macroeconomic and financial imbalances. For emerging economies, while credit booms are associated with episodes of large capital inflows, international interest rates (a proxy for global liquidity) are virtually flat during these periods. Therefore, although external factors such as global liquidity conditions matter, and possibly increasingly so over time, domestic factors (especially monetary policy) also appear to be important drivers of real credit growth across emerging economies.
This book provides comprehensive and up-to-date coverage of research on technical and vocational education in China. It discusses various aspects that range from such conventional topics as teaching at different levels, development history, regulations, policies, curriculum, specialty setup, teaching, faculty and management; to the status quo, transformation and current trends; as well as quantity expansion and quality improvement, all of which highlight the unique characteristics of technical and vocational education in China. This book is intended for researchers and graduate students, and will also help international readers to grasp the general situation regarding technical and vocational education in China. Combining rich content and a broad scope, the book will undoubtedly offer a valuable key to understanding China’s technical and vocational education in the 21st century.
Natural disasters and climate change are interrelated macro-critical issues affecting all Pacific small states to varying degrees. In addition to their devastating human costs, these events damage growth prospects and worsen countries’ fiscal positions. This is the first cross-country IMF study assessing the impact of natural disasters on growth in the Pacific islands as a group. A panel VAR analysis suggests that, for damage and losses equivalent to 1 percent of GDP, growth drops by 0.7 percentage point in the year of the disaster. We also find that, during 1980-2014, trend growth was 0.7 percentage point lower than it would have been without natural disasters. The paper also discusses a multi-pillar framework to enhance resilience to natural disasters at the national, regional, and multilateral levels and the importance of enhancing countries’ risk-management capacities. It highlights how this approach can provide a more strategic and less ad hoc framework for strengthening both ex ante and ex post resilience and what role the IMF can play.
The work on the small states is an important component of the IMF’s global policy agenda. Among the 36 member countries covered by the IMF Asia and Pacific Department (APD), 13 countries are developing small states—most of which are Pacific islands. As part of APD’s ongoing effort to increase its engagement with regional small states and their development partners and enhance information sharing within the IMF, this issue marks the launch of the APD Small States Monitor, a quarterly bulletin featuring the latest economic developments, country notes from the most recent Article IV staff reports, special topics, past and upcoming events, and forthcoming IMF research on small states. In future issues, we will also host contributions from the authorities of small states and their development partners on key policy topics. Our goal is to exchange knowledge and deepen our understanding of the policy challenges these economies face to better tailor our policy advice.
Reflecting diseconomies of scale in providing public goods and services, recurrent spending in small states typically represents a large share of GDP. For some small states, this limits the fiscal space available for growth-promoting capital spending. Small states generally face greater revenue volatility than other country groups, owing to their exposure to exogenous shocks (including natural disasters) and narrow production bases. With limited buffers, revenue volatility often results in procyclical fiscal policy as the econometric analysis shows. To strengthen fiscal frameworks, small states should seek to streamline and prioritize recurrent spending to create fiscal space for capital spending. The quality of spending could also be improved through public financial management reform and multiyear budgeting.
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