• Title/Summary/Keyword: Market failure

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Urban Respectability and the Maleness of (Southeast) Asian Modernity

  • Reid, Anthony
    • Asian review of World Histories
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    • v.2 no.2
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    • pp.147-167
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    • 2014
  • The urban modernity that became an irresistible model for elites in Asia in the decades before and after 1900 was far from being gender-neutral. It represented an exceptional peak of patriarchy in its exclusion of respectable middle class women from the work force, from ownership and control of property and from politics. Marriage was indissoluble and the wife's role in the male-headed nuclear family was to care for and educate the abundant children she produced. Puritan religious values underlined the perils for women of falling outside this pattern of dependence on the male. Though upheld as modern and civilized, this ideal was in particularly striking contrast with the pre-colonial Southeast Asian pattern of economic autonomy and balance between women and men, and the relative ease of female-initiated divorce. Although attractive to many western-educated Southeast Asian men, including religious reformers determined to 'save' and domesticate women, urban respectability of this type was a poor fit for women accustomed to dominant roles in commerce and marketing, and at least equal ones in production. Southeast Asian relative failure in the high colonial era to adapt to the modern market economy may also have a gendered explanation. We should not be surprised that patriarchy and puritanism became more important in Southeast Asia as it urbanized in the late 20th Century, since this was echoing the European experience a century earlier. The question remains how far Southeast Asia could retain its relatively balanced gender pattern in face of its eventual rapid urbanization and commercial development.

Rethinking Global Convergence in Bank Regulation (은행규제의 세계적 수렴에 대한 고찰)

  • Pak, In-Sop
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.36
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    • pp.195-262
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    • 2007
  • This paper attempts to assess the Basel Committee's bank supervisory standards and capital adequacy rules, and thereby rethink whether global convergence in banking regulation is desirable. To that end, it seeks to address the impetus for the creation of the Basel Committee, and explore driving forces behind the internationalization of bank regulatory and supervisory standards. Following the historical and theoretical analysis of the internationalization of bank regulatory standards, the movement toward global standards in banking is reviewed. More importantly, this paper seeks to explore the origins of the Basel Accord on bank capital adequacy. To do so, it largely relies on current theories on the process of negotiating the capital adequacy standards in the areas of political science and international political economy. At this point, this study takes a position as a break against the force of international market failure logic that has enjoyed an exceptionally positive reception among economists, political scientists, and legal experts. Nonetheless, it does not intend to freeze the international coordination and cooperation of banking regulation. Given the understanding of the politics behind the creation of the Basel Accord, this paper evaluates the Basel Accord of 1988 and the new capital adequacy framework(Basel II), and then moves beyond the assessment of the capital adequacy standards In doing so, this study draws lessons from Basel in search of a just world order in the global finance.

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Success Factors of Donation-based Crowdfunding : DonorsChoose Case (기부형 크라우드펀딩의 성공 요인 : 도너스츄즈 플랫폼을 중심으로)

  • Park, Hyun-Jung;Shin, Kyung-Shik
    • Journal of Information Technology Services
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    • v.15 no.2
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    • pp.1-19
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    • 2016
  • With various success stories of crowdfunding, government's establishment of crowdfunding act, and expected rapid growth of crowdfunding market, the potential ripple effect of crowdfunding on our society is anticipated to be enormous. This study investigates the influential factors and their impacts on the likelihood of project success in donation-based crowdfunding through the DonorsChoose case. The authors analyze the characteristics of project creator, characteristics of project, and behaviors of project participants in relation to the success or failure of the corresponding project. Consequently, the authors found that participants of donation-based crowdfunding exhibit altruistic behaviors and obtained the following specific results: First, donation participation and social capital of the project creator, and marginal help utility of receivers positively affect the success of project. Second, experience of past project creation of the project creator negatively affects the success of project. Third, past donations of the project creator to others' projects, when not appropriately signaled like on the DonorsChoose platform, may not exert a positive influence on the success of project and the reciprocity principle may not work.

Barriers of CM Performance during Pre-Construction Stages in Private CM Projects (민간 CM사업 시공이전단계 CM성과 저해요인 분석)

  • Han, Jae Hoon;Kim, Han Soo
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.4
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    • pp.17-26
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    • 2017
  • The sustainable growth of Construction Management(CM) market depends on clients'acceptance from positive project outcomes of CM services. Achieving the positive outcomes requires CM firms'competency and efforts. Equally, it is critical to understand and overcome barriers of CM performance, which cause inefficiencies and under-performance of CM services. The objective of the study is to identify and discuss the barriers of CM performance during pre-construction stages in private CM projects based on the FMEA technique. Major findings basically suggest that clients and CM firms have roles to play, individually and collaboratively, in order to improve CM performance by eliminating performance barriers.

Evaluation of Reliability and Interruption Cost of Distribution Power System in Industrial Complex (산업단지내 배전계통의 공급신뢰도 및 정전비용 평가)

  • Choi, Sang-Bong;Nam, Ki-Young;Kim, Dae-Kyeong;Jeong, Seong-Hwan;Rhoo, Hee-Seok;Lee, Jae-Duk
    • Proceedings of the KIEE Conference
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    • 2006.07a
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    • pp.95-96
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    • 2006
  • As the power industry moves towards open competition, there has been a call for methodology to evaluate distribution power system reliability by using customer interruption costs. Accordingly, it is increased for methodology to evaluate distribution power system reliability in power supply zones under competitive electricity market. This paper presents algorithm to evaluate system average interruption duration index. expected energy not supplied and system outage cost taking Into consideration failure rate of distribution facility and industrial customer interruption cost. Also, to apply this algorithm to evaluate system outage cost presented in this paper, distribution system of a dual supply system consisting of mostly high voltage customers in industrial complex in Korea is used as a sample case study. Finally, evaluation results of system interruption cost, system average interruption duration index and expected energy not supplied in sample industrial complex area are shown in detail.

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Empirical study of alginate impression materials by customized proportioning system

  • Kurtulus, Karani;Tufekci, Kenan
    • The Journal of Advanced Prosthodontics
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    • v.8 no.5
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    • pp.372-379
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    • 2016
  • PURPOSE. Alginate mixers available in the market do not have the automatic proportioning unit. In this study, an automatic proportioning unit for the alginate mixer and controller software were designed and produced for a new automatic proportioning unit. With this device, it was ensured that proportioning operation could arrange weight-based alginate impression materials. MATERIALS AND METHODS. The variation of coefficient in the tested groups was compared with the manual proportioning. Compression tension and tear tests were conducted to determine the mechanical properties of alginate impression materials. The experimental data were statistically analyzed using one way ANOVA and Tukey test at the 0.05 level of significance. RESULTS. No statistically significant differences in modulus of elastisity (P>0.3), tensional/compresional strength (P>0.3), resilience (P>0.2), strain in failure (P>0.4), and tear energy (P>0.7) of alginate impression materials were seen. However, a decrease in the standard deviation of tested groups was observed when the customized machine was used. To verify the efficiency of the system, powder and powder/water mixing were weighed and significant decrease was observed. CONCLUSION. It was possible to obtain more mechanically stable alginate impression materials by using the custom-made proportioning unit.

A Study on the Land Development Administration System in the Local Self-Government (지방자치단체의 토지개발사업에 관한 고찰)

  • Hwang, Eui-Jin
    • Journal of Korean Society for Geospatial Information Science
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    • v.7 no.2 s.14
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    • pp.111-122
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    • 1999
  • Since 1980 the Korea Land Development Coporation has played a major role in land development by means of a Public Initiated Land Development Scheme. This strategy has attempted to correct the market failure of the generation of large sum of windfall profits. In accordance with reimplementation of the local autonomous ruling system since 1991, the demend for local government initiated land development have increased rapidly as local governments attempt to math the influence of national local development policy. In this regards, it is very useful for urban planners to analyze the merits and dismerits of the local government initiated land development schemes in view of national agency's development. This paper recommends several mitigation measures to improve the settlement of the local government initiated land development scheme.

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A study on regulatory approach to sharing economy platform (공유경제 플랫폼 규제접근방법에 대한 연구)

  • Cho, Dae-Keun
    • Journal of Internet Computing and Services
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    • v.19 no.5
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    • pp.133-145
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    • 2018
  • This paper proposes a desirable regulatory measure for the rapidly growing shared economic platform. The development and innovation of digital technology is expected to create new services and new economic and industrial values, but it also raises concerns, challenges about social trust issues arising from conflicts of interest with existing industries. Although sharing economies also creates new forms of supply and demand and grows rapidly around the world with innovative trading methods, institutional limitations are still being exposed in the major cities in terms of conflicts with existing industrial values. In order to reduce the social costs associated with the regulatory process and reach the appropriate regulatory policy goal, this paper proposes a co-regulation approach considering the sharing economic characteristics.

Characteristics of and Prospect for Population Distribution in Korea (인구분산 및 이동의 특성과 전망)

  • 최진호
    • Korea journal of population studies
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    • v.9 no.1
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    • pp.32-40
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    • 1986
  • The purpose of the paper is to examine the nature of population distribution during the past 25 years; to evaluate effect of population redistribution policies which have been adopted by the government; and to suggest desirable future policy directions. The distinctive features of population distribution during the period of 196O~85 can be summarized as progress of rapid urbanization, decrease of absolute number of rural population and heavy concentration of population in the Seoul metropolitan area which have resulted in population maldistribution among regions. The problem of population concentration in the selected one or two large urban centers was first recognized by the government as early as in 1964. Since then numerous policy measures have been adopted to reduce the population concentration into the Seoul metropolitan area and thus to guide a sound population redistribution among regions. The overall assessment of various policies on population redistribution, however, revealed that the effect of the policy efforts has not been great as they originally anticipated. Various reasons can be cited for the failure of the past policies. Among them the followings were frequently mentioned; lack of integration among policy measures; weak linkage between relocation and accommodation; and non-existence of single authority for overall implementation of the polices. Based on the past experiences the followings are suggested in pursuing future policies. First, the short-term objective or target should be clearly defined. Second, policy measures have to be designed to go with rather than against market forces. Third, indirect incentives or aids are more effective than direct controls or regulations. Fourth, local participation has to be secured in every phase of policy formulation and implementation.

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Efficacy of Pneumococcal Vaccines (폐렴구균백신의 효과)

  • Park, Ho-Sun
    • Journal of Yeungnam Medical Science
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    • v.29 no.1
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    • pp.1-8
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    • 2012
  • Streptococcus pneumonia is a very important pathogen for children and elderly people. Two types of pneumococcal vaccines are available in the market: pneumococcal polysaccharide vaccine (PPSV) and pneumococcal conjugate vaccine (PCV). PPSVs have been used for more than 30 years, and PCVs for about 10 years. There have been many reports concerning the evaluation of the vaccines' efficacies in preventing pneumococcal diseases such as meningitis, pneumonia, and otitis media and bacteremia, but the clinical trials had been performed with different conditions, such as diverse vaccine valencies, age groups, races, target outcomes, immunological cut-off values, and follow-up periods. PPSV is recommended for elderly people and chronic disease patients such as asthma, diabetes mellitus, chronic renal failure, and hyposplenic patients. According to the data from several systemic reviews and population-based surveillances, PPSV is effective for pneumococcal pneumonia and vaccine-type bacteremia among healthy adults. Until now, however, there is insufficient evidence of the effectiveness of PPSV among high-risk adults. PCV is very effective in preventing vaccine-type invasive pneumococcal disease (IPD) among children, but its efficacy for pneumonia is very low among children. The incidence of vaccine-related or non-vaccine-type IPDs is increasing after the introduction of 7-valent PCV (PCV7) as a routine immunization for children. Recently, 10- and 13-valent PCVs have been used for children, instead of PCV7. Therefore, continuous surveillance for serotype change among pneumococcal diseases is necessary to evaluate the vaccines' efficacy.

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