• Title/Summary/Keyword: Political Capital

Search Result 209, Processing Time 0.027 seconds

Global City-Regions Theory and its Implications for Regional Development Policy in Korea (세계도시지역론과 그 지역정책적 함의)

  • 이재하
    • Journal of the Korean Geographical Society
    • /
    • v.38 no.4
    • /
    • pp.562-574
    • /
    • 2003
  • This study examines the emerging global city-regions theory and suggests its implications for regional development policy in Korea. Global city-regions defined as an economic and political organization of metropolitan regions or a new scale of urban organization with polycentric structure, is appreciated as a new regionalist model of development in the globalization era. In Korea, the application of global city-regions model is required particularly for strengthening the international competitiveness of metropolitan areas except the capital region including Seoul, and resolving inequalities between the capital region and non-capital regions. However, Institutional revolution including consolidation of Shi(metropolitan area) and Do(province), and devolution should be preceded above all things to develop metropolitan cities such as Busan, Daegu, Gwangju, and Daejeon toward global city-regions.

A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods - Focusing on Industrial Plant Exports, Shipbuilding Exports, and Overseas Constructions -

  • Kim, Sang-Man
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
    • /
    • v.48
    • /
    • pp.127-155
    • /
    • 2010
  • The international transactions of capital goods such as industrial plant exports, overseas constructions, and shipbuilding exports, are so huge that tremendous amount of funds are required, and that most of the loans are long-term credits of over five years. In the export of huge capital goods, financing is more crucial than technology itself. Some of the importing countries are developing ones that are politically and economically unstable. Therefore the financing mechanism for these transactions is conclusive in winning these projects. Global financial market instability caused by US sub-prime mortgage financial crisis expanded all over the world, and the international transactions have been decreased due to global credit crisis. This indicates how much influential the financing market is in international transactions. The financing schemes are classified into supplier credit and buyer credit by who provides the financing. A supplier credit is a credit extended by an exporter(seller) to an importer(buyer) as part of an export contract. Cover for this transaction may be extended by an export credit agency('ECA') to the exporter. In a sales contract a seller shall provide fund required to manufacture goods, and in a construction contract a contractor shall provide fund required to complete a construction. A buyer credit is an arrangement in which an exporter enters into a contract with an importer, which is financed by means of a loan agreement A Comparative Study on a Supplier Credit and a Buyer Credit in International Transactions of Capital Goods 155 where the borrower is the importer. In a sales contract a buyer shall provide fund required to manufacture and procure the goods, and in a construction contract an owner shall provide fund required to complete a construction. Therefore an exporter is paid on progressive payment method. A supplier credit and a buyer credit have their own advantages and disadvantages in the respect of the parties respectively. These two financing methods are selectively used considering financing conditions such as funding cost, importer's and/or exporter's financial conditions, importing country's political risk.

  • PDF

Do Political Connections Affect Corporate Performance? Evidence from Listed Real Estate Companies in China (정치적인 배경이 기업 실적에 영향을 주는가? 중국의 상장된 부동산 회사들을 중심으로)

  • Zheng, Ziyang;Wang, Yuhuan;Wang, Rundong
    • The Journal of the Korea Contents Association
    • /
    • v.20 no.11
    • /
    • pp.131-144
    • /
    • 2020
  • Political connection are widespread in many countries and are a hot topic in economic research right now. In China, companies are actively forming political connections in several ways. Based on the research model and theoretical analysis, this thesis puts forward the research hypothesis and constructs the research model of political connections and corporate performance using the financial data and corporate governance data of China A-share listed real estate companies in 2010-2014. The thesis mainly analyzes the political association of CEO. For the analysis result, this research uses the univariate regression analysis and multivariate analysis to carry out the robustness test. The empirical study analysis includes three parts: firstly, in Chinese listed real estate enterprises, CEO political connection has a significantly negative correlation with corporate performance. It means real estate enterprises whose CEO has political connections gain a lower performance than other enterprises; Secondly, from the personal characteristics of the CEO, age, sex and education level have positive relationship with the performance of the enterprise, the additional post situation negatively related to the firm's performance; Finally, the firm's scale liquidity ratio and capital asset rario have a negative relationship with corporate performance, and the number of top managers is positively related to corporate performance. This research made a study on the political connection in Chinese real estate industry, which could also provide beneficial references for the development of enterprises in this industry.

The Trend and Issues of Sociological Studies of Social Network Service (SNS에 관한 사회학 연구의 동향과 쟁점)

  • Lee, Myoung-Jin;Park, Hyun-Ju
    • Informatization Policy
    • /
    • v.19 no.2
    • /
    • pp.3-20
    • /
    • 2012
  • This study examines the trend and issues of sociological studies of social network service(SNS). For this purpose, the studies were classified into three types. The first type of study concerns spatial characteristics of SNS. It deals with the impact of such SNS usage on individual attitudes and behaviors. The second type of the study focuses on the formation process of interrelationship among users. It is based on sociological concepts such as trust and social capital. The last type of study emphasizes the impact of SNS on society. The study includes the issues of social movement and political participation. In the future study of SNS, more diverse sociological subjects, such as social integration, exclusion, public welfare, and affective support need to be dealt with.

  • PDF

Determinants of FDI in Transition Countries of Central Asia with VECM (수정오차모형을 통한 중앙아시아 체제전환국들의 FDI 결정요인 분석)

  • Narantsetseg, Narantsetseg;Choi, Chang Hwan
    • International Commerce and Information Review
    • /
    • v.18 no.1
    • /
    • pp.107-127
    • /
    • 2016
  • This paper attempts to investigate determinants of foreign direct investment in transition countries of Mongolia and Central Asia five countries of Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan. FDI inflows in this transition economies have been far increasing due to their rapid growth, GDP, gross capital formation, wage, labor force, open trading, infrastructure and natural resources as well as the factors demonstrating the economic variables and political variables of these countries by Vector Error Correction Model. The results of empirical analysis based on data from 1993 to 2013 confirmed that FDI and open trade and gross capital formation and political than GDP, wage, labor force, infrastructure and natural resources had a significant impact on Central Asia and Mongolia. In addition, if Mongolia and Central Asian five countries can maintain the country's economic growth, reduce unemployment level, achieve certain improvements in domesticating new technologies and improving skills and knowledge sphere as well as promoting stable domestic price increase, attracting and improving the FDI by paying more attention to the indicators focusing on country's GDP, wage, labor force, infrastructure and natural resource.

  • PDF

Gyeongbu Highway: Political Economic Geography of Mobility and Demarcation (경부고속도로: 이동성과 구획화의 정치경제지리)

  • Choi, Byung-Doo
    • Journal of the Economic Geographical Society of Korea
    • /
    • v.13 no.3
    • /
    • pp.312-334
    • /
    • 2010
  • This paper examines the process of Gyeongbu Highway construction from the standpoint of political economy, which was pursued by President Park Jeong-Hee in the 1960s, focusing on the politics of mobility and demarcation implied in it. As results of examination, it can be argued that Gyeongbu Highway was seen as a powerful element to promote a socio-spatial integration of population and hence to enforce an authoritative political power of the Park regime through creation of mobility; that it has had an strong impact on changing the physical landscape of national space and the spatio-temporal rhythm of everyday life by extending the 'machine space' as a non-place; that it has provided a physical infrastructure on which the period of capital circulation could be reduced through its effect of space-time compression. But Gyeongbu Highway has led serious problems such as uneven regional development, expansion of non-place or alienated place, ecological destruction and pollution. In conclusion, a sustainable politics is suggested to overcome this kind of 'tragedy of highway' and to develop the highway as a true way of political and spatial balance and integration.

  • PDF

Political and Economical Background of Formation of a Lineage Village in the Vicinity of Seoul: A Case Study of Osan-ri, Yesan (예산 오산리 사례를 통해서 본 근기권(近畿圈) 종족촌락 형성의 정치.경제적 배경)

  • Leem, Byoung-Jo
    • Journal of the Korean Geographical Society
    • /
    • v.45 no.2
    • /
    • pp.221-239
    • /
    • 2010
  • The lineage village is a very characteristic form of village in Korea. Although it was known as having established on the base of the Lineage Law, the complexities of political and economical structures played an important role in the process of establishing the village. The continuous political struggles between the scholar officials forced them to abuse the blood ties as well as the academic and regional relation. Using the disorder of land ownership system, the ruling elite made chances to expand the private land ownership, and these became the fiscal background of the formation of the lineage village and the agglomeration. The capital area's lineage villages were used of fiscal background by scholar officials lived in Hanyang. In the reason of political struggle, the initiator came to Osan-ri in late 16th Century. And in early 17th century, with a government dignitary, Shin Kye-Young, and with the reproduction of population, Osan-ri formed a typical lineage village with many clan households in the late of 17th century.

The right to life and Capital punishment (헌법상 생명권과 사형제도)

  • Lee, cheol-ho
    • Proceedings of the Korea Contents Association Conference
    • /
    • 2009.05a
    • /
    • pp.559-566
    • /
    • 2009
  • The Capital punishment is a sentence which imposes the defendant to be put to death for his crime, thus depriving him/her of life and it's the heaviest punishment of all. It is a very sensitive issue in the sense that it denies a person's life and dignity. It is also an on-going issue which continues to cause political and ethical controversies. Although there is no direct stipulation acknowledging capital punishment in the constitution, there is controversy on the existence of indirect basis. The Art. 12. I. can not be regarded as an indirect provision if it is interpreted to have criminal punishments stipulated by written law. As the supreme Court and the Constitution Court are supporting the capital punishment which seems unconstitutional, legislative examination is inevitable. Considering the fact that the Constitution is neither for nor against the death penalty positively, it is possible to abolish it by enactment of a law and thus, constitutional amendment would not be needed.

  • PDF

The Convergence Study on the Effects of Social Captical on Subjective Happiness of Firefighters (소방공무원의 사회적 자본이 주관적 행복감에 미치는 영향에 관한 융합연구)

  • Choi, Hee Chul
    • Journal of the Korea Convergence Society
    • /
    • v.9 no.12
    • /
    • pp.441-447
    • /
    • 2018
  • This study aimed to investigate the effect of firefighters' social capital on subjective happiness. This research was conducted from Jun 12 to Aug 25, 2017, and a descriptive analysis, t-test, hierarchical regression analysis was carried out based on the results of a survey with 351 firefighters in Gyeonggi-do to verify the research hypothesis. As a result, it was revealed that network(${\beta}=.315$, p<.001), trust(${\beta}=.293$, p<.01), cooperation(${\beta}=.225$, p<.01) and trust among other sub-variables of firefighters' social capital had significant effects on subjective happiness. Based on the results, this research suggested that various measures to strengthen social capital would be required in order to improve fire-fighters' happiness: efforts to increase trust within the organization, political support for vitalizing formal network as a communication channel among firefighters organizations, encouraging interest in the community and promoting informal network such as volunteer work, developing transparency in operating the organizational policy and system, etc.

Collision of New and Old Control Ideologies, Witnessed through the Moving of Jeong-regun (Tomb of Queen Sindeok) and Repair of Gwangtong-gyo (정릉(貞陵) 이장과 광통교(廣通橋) 개수를 통해 본 조선 초기 지배 이데올로기의 대립)

  • Nam, Hohyun
    • Korean Journal of Heritage: History & Science
    • /
    • v.53 no.4
    • /
    • pp.234-249
    • /
    • 2020
  • The dispute involving the construction of the Tomb of Queen Sindeok (hereinafter "Jeongreung"), King Taejo's wife in Seoul, and the moving of that tomb, represents the most clearly demonstrated case for the collision of new and old ideologies between political powers in the early period of Joseon. Jeongreung, the tomb of Queen Sindeok from the Kang Clan, was built inside the capital fortress, but in 1409, King Taejong forced the tomb to be moved outside the capital, and the stone relics remaining at the original location were used to build the stone bridge, Gwangtong-gyo. In an unofficial story, King Taejong moved the tomb outside the capital and used the stone items there to make the Cheonggyecheon Gwang-gyo so that the people would step upon the area in order to curse Lady Kang. In the final year of King Taejo, Lady Kang and King Taejong were in a politically conflictual relationship, but they were close to being political partners until King Taejo became the king. Sillok records pertaining to the establishment of Jeongreung or Gwangtong-gyo in fact state things more plainly, indicating that the moving of Jeongreung was a result of following the sangeon (a written statement to the king) of Uijeongbu (the highest administrative agency in Joseon), which stated that having the tomb of a king or queen in the capital was inappropriate, and since it was close to the official quarter of envoys, it had to be moved. The assertion that it was aimed at degrading Jeongreung in order to repair Gwangtong-gyo thus does not reflect the factual relationship. This article presents the possibility that the use of stone items from Jeongreung to repair Gwangtong-gyo reflected an emerging need for efficient material procurement that accompanied a drastic increase in demand for materials required in civil works both in- and outside the capital. The cause for constructing Jeongreung within the capital and the cause of moving the tomb outside the capital would therefore be attributable to the heterogeneity of the ideological backgrounds of King Taejo and King Taejong. King Taejo was the ruler of the Confucius state, as he reigned through the Yeokseong Revolution, but he constructed the tomb and Hongcheon-sa, the temple in the capital for his wife Queen Sindeok. In this respect, it is considered that, with the power of Buddhism, there was an attempt to rally supporters and gather the force needed to establish the authority of Queen Sindeok. Yi Seong-gye, who was raised in the Dorugachi clan of Yuan, lived as a military man in the border area, and so he would not have had a high level of understanding in Confucian scholarship. Rather, he was a man of the old system with its 'Buddhist" tendency. On the other hand, King Taejong Yi Bang-won was an elite Confucian student who passed the national examination at the end of the Goryeo era, and he is also known to have held a profound understanding of Neo-Confucianism. To state it differently, it would be reasonable to say that the understanding of symbolic implications for the capital would be more profound in a Confucian state. Since the national system that was ruled by laws had been established following the Three-Kingdom era, the principle of burial outside of the capital that would have seen a grave constructed on the outskirts of the capital was not upheld, without exception. Jeongreung was built inside the capital due to the strong individual desire of King Taejo, but since he was a Confucian scholar prior to becoming king, it would not have been accepted as desirable. After taking the throne, King Taejong took the initiative to begin overhauling the capital in order to reflect his intent to clearly realize Confucian ideology emphasizing 'Yechi' ("ruling with good manners") with the scenic view of the Capital's Hanyang river. It would be reasonable to conclude accordingly that the moving of Jeongreung was undertaken in the context of such a historic background.