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Korea’s Challenges Ahead—Lessons from Japan’s Experience
This paper draws out the parallels between Korea and Japan in terms of demographics, potential growth, balance sheets, asset prices and inflation. Korea’s demographic trends seem to track Japan’s with a lag of about 20 years. Low productivity in the service sector and labor market duality are common to both countries and need to be addressed with structural reforms. While Korea’s corporate balance sheets are stronger than Japan’s in the early 1990s, Korea needs to progress with the restructuring of nonviable firms to avoid the adverse consequences of delayed balance-sheet repair that Japan experienced. Given its strong fiscal balance sheet position, Korea can afford using fiscal policy actively to incentivize corporate restructuring and structural reforms and cushion their possible short-term adverse impact. Korea can prevent bubbles in asset prices that were at the origin of Japan’s initial crisis with the continued use of macroprudential policies. Although Korea does not appear to be headed toward deflation, new econometric analysis presented in the paper suggests that aging will exert a downward drag on its inflation going forward.
Life After Logging
This book presents a technical review of ecological and life history information on a range of Bornean wildlife species, aimed at identifying what makes these species sensitive to timber harvesting practices and associated impacts. It addresses three audiences: 1) those involved in assessing and regulating timber harvesting activities in Southeast Asia, 2) those involved in trying to achieve conservation goals in the region, and 3) those undertaking research to improve multipurpose forest management. This book shows that forest management can be improved in many simple ways to allow timber extraction and wildlife conservation to be more compatible than under current practices. The recommenda...
Handbook of Research on Customer Loyalty
Identifying customer loyalty as a crucial success factor in contemporary marketing thinking and practice, this innovative Handbook incorporates a rich collection of perspectives on the current topics and research-driven practices in the field. Leading scholars offer an insightful reimagining of the research methods, metrics, and designs for the future of measuring and predicting customer loyalty.
Spare Parts
Spare Parts by Sally Rogers Davidson. C-grade citizen of the Greater Melbourne Megalopolis, Kelty lives in a city filled with towers reaching halfway to the sky. While 'Skywalkers', the A- and B-grade citizens live above the clouds with access to all the wonders of the late 21st century, 'Subbies' like Kelty must dwell in the shadows and smog of the streets below. When her best friend is horribly injured in an explosion at the recycle plant where they both work, Kelty is faced with the loss of a friend and a hopeless future, or the unthinkable choice of leaving everyone and everything behind to join the Space Corps. There's just one catch - first she must trade her human body in for a State-of-the-Art Cyboform. First published by Penguin Books Australia in 1999, Spare Parts was short listed for the 1999 Aurealis Award for Best Science Fiction Novel, and chosen as a Notable Australian Children's Book for the Year 2000 by the Children's Book Council of Australia.
The Abe Doctrine
This book focuses on Prime Minister Abe’s policy toward international peace and security proposed in 2013 under the basic principle of ‘proactive contribution to peace’. To this end, this book investigates Prime Minister Abe’s policy-making process of the Peace and Security Legislation, which transformed Japan’s security policy and enabled Japan to exercise the right of ‘collective self-defense’, which used to be ‘unconstitutional’. This book evaluates the implications of the Peace and Security Legislation on three fronts, domestic, bilateral, and international, by analyzing Japan’s Ballistic Missile Defense (BMD) program, the Japan-US alliance system, and Japan’s policy on international peacekeeping operations in South Sudan. This book is one of the first contributions to the research on Japan’s foreign and security policy under the Shinzo Abe administration and will be of interest to scholars, policymakers, and students of Japan, Japanese politics and international relations of the Asia-Pacific region.
The Nature of Ordinary Objects
Provides new insights into contemporary debates surrounding the metaphysics of objects, a subject undergoing an important revival.
The Impact of Investments in Market-based Assets on Firm Performance
Market-based assets, such as brands or customer relationships, can be thought of as intangibles that arise through the commingling of the firm with its environment. As such, they are constructs that bridge the conceptual gap between managerial actions and firms’ financial performance. This dissertation conducts three studies that advance the understanding of investments in market-based assets conceptually, empirically, and methodologically: First, it rigorously examines prior research in the marketing-finance interface and synthesizes the findings in a conceptual overview of the field. Second, it examines investments into different drivers of customer-based firm value and relates them to different aspects of firm performance. Third, it develops a novel method to estimate investments in market-based assets for firms with undisclosed accounting information through textual analysis of legal statements.
The Political Economy of the Abe Government and Abenomics Reforms
Explores the politics and economics of the Abe government and evaluates major policies, such as Abenomics policy reforms.
Learn American Calligraphy
Take a visual trip around the United States, with stop-offs in many locations and insights on every page, and illuminate the past and future of American calligraphy. For centuries, American calligraphers have accepted the legacy of the classic Roman, Gothic, and Italic calligraphy they inherited from Europe without realizing that there are more alphabet treasures to be found in a larger pool of uniquely American alphabet designs. Wild West, New Deal, Prairie—all were made in America, and they express ideas that reveal national character. These styles come from here and nowhere else. Much like American music, language, fashion, and philosophy, calligraphy has matured, moved on from its orig...
Republic of Korea
This 2016 Article IV Consultation highlights that Korea’s growth has slowed after decades of impressive economic progress. The economy is facing a number of structural headwinds, including unfavorable demographic developments, heavy export reliance, pockets of corporate vulnerability, labor market distortions, lagging productivity, and high household debt. Inequality and poverty are also of concern. Growth is projected to tick up to 2.7 percent in 2016 and 3.0 percent in 2017, with inflation remaining subdued. Credit is expected to continue to grow, partly reflecting the impact of interest rate cuts, but at a slower pace consistent with the tightening of prudential measures and the envisaged moderation in construction investment after 2017.
