• Title/Summary/Keyword: asia

Search Result 10,027, Processing Time 0.042 seconds

Study on Oil Hub Development Strategy of Korea in Northeast Asia by Benchmarking Singapore of Oil Logistics Hub (싱가포르 석유물류허브 벤치마킹을 통한 우리나라의 동북아 오일허브 발전 연구)

  • Lee, Choong-Bae;Kim, Jeong-Whan;Park, Sun-Young
    • International Commerce and Information Review
    • /
    • v.11 no.2
    • /
    • pp.127-145
    • /
    • 2009
  • With increase in oil demand owing to economic growth in Northeast Asia, the establishment of an oil hub in Korea is recently considered by policy and academic circles. This paper aims to suggest strategic schemes on the establishment of Korea's oil hub in Northeast Asia by comparing Korea's conditions as an oil logistics hub with Singapore which has been an oil hub in East Asia until recent year. Quantitative and qualitative analysis methods were employed in order to examine the competitiveness of Korea's oil hub. This research concludes that Korea is very competitive as an oil logistics hub in Northeast Asia, but so much improvements for realizing the project are necessary such as expansion of storage facilities for oil, institutional instruments for facilitating oil logistics and trading and preparation for incentive schemes on foreign investments in oil and its related industries.

  • PDF

Trade, Trade Finance, and Global Liquidity in Asia; Markov-Switching FAVAR Approach

  • Brooks, Douglas H.;Kurmanalieva, Elvira;Yang, Doo Yong
    • East Asian Economic Review
    • /
    • v.20 no.3
    • /
    • pp.339-363
    • /
    • 2016
  • This paper analyzes why the global financial crisis in 2008 severely affected Asia's trade. Asia has been suffering from the falls in export demand from developed countries. However the abrupt trade declines in Asia are not fully explained by reactions to this as in previous experiences. The question is why the financial crisis in 2008 brought about the abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This paper shows that the dynamic relationship between trade and trade finance is one important factor in explaining this question. This paper also applies the Granger (causality) test to uncover different relationships in the developed and developing economies and show different results for different countries in Asia. We employ a Markov-Switching FAVAR (Factor Augmented VAR) to show that global liquidity shocks are important factors in explaining the huge and abrupt trade drops in Asia.

The Journey of Benedictus Polonus or a European Discovery of Asia before Marco Polo

  • CZEKALSKA, RENATA
    • Acta Via Serica
    • /
    • v.4 no.2
    • /
    • pp.79-95
    • /
    • 2019
  • This article presents a brief reconstruction of the historic journey of Benedict the Pole and John of Pian de Carpine, the first known Europeans after A.D. 900 who completed a successful return journey east of Baghdad and gave surviving accounts of their travels. The article, which focuses mainly on the role of Benedict the Pole, is divided into five parts: the reasons and organization of the deputation sent to the Mongols by Pope Innocent IV from 1245-1248, the route travelled by the Papal envoys, the existing versions of the two surviving accounts of the mission, the role of Benedict the Pole as the secretary and translator to the papal legate Pian de Carpine, and the outcome of the journey as seen from the perspective of Europe-Asia contacts.

Linkages between the Korea and Asia-Pacic stock markets

  • Shin, Yang-Gyu
    • Journal of the Korean Data and Information Science Society
    • /
    • v.21 no.6
    • /
    • pp.1337-1341
    • /
    • 2010
  • The paper investigates linkages between the Korea stock market and each of the major Asia-Pacific stock markets, namely those of the Japan, China, Australia, New-Zealand, We employs the Johansen technique to test for pairwise cointergration between the Korea stock market and each of the major Asia-Pacific stock markets. The major stock indices of the markets are used, from 1 September 2006 to 31 August 2010. The results from the test implies that the Korea market is not cointergrated with any of the major Asia-Pacific markets during the period. Our study implies that there are no long-run linkages between the Korea and any of the major Asia-Pacific stock markets.

The Sogdian Descendants in Mongol and post-Mongol Central Asia: The Tajiks and Sarts

  • LEE, JOO-YUP
    • Acta Via Serica
    • /
    • v.5 no.1
    • /
    • pp.187-198
    • /
    • 2020
  • This paper is devoted to the examination of the identity of the Sogdian descendants and their historical role in the second millennium CE. More specifically, it discusses the Sogdian connection to the later Iranic-speaking peoples of Central Asia, namely, the Sarts and the Tajiks. It then discusses the symbiotic relationship between the Sogdian descendants and the Mongols and the Mongol descendants (Chaghatays and Uzbeks) in Central Asia. In sum, this paper argues that the Sogdians did not perish after the Arab conquest of Central Asia in the eighth century CE. They survived under new exonyms Sart and Tajik. Like the Sogdians in pre-Islamic Central Asia, the Tajiks or Sarts played important historical roles in the Mongol and post-Mongol states of Central Asia, maintaining a symbiotic relationship with the nomad elites.

Bonds that Bind Shared Historical and Sociocultural Characteristics of Southeast Asia

  • Gin, OOI Keat
    • SUVANNABHUMI
    • /
    • v.11 no.1
    • /
    • pp.71-100
    • /
    • 2019
  • The region between mainland China on the east and the Indian sub-continent on the west is referred to as Southeast Asia since the conclusion of the Pacific War (1941-1945). As a region, Southeast Asia appears as a hodgepodge of disparity and diversity, but a closer scrutiny reveals numerous common attributes and characteristics. This study attempts to identify and examine the cohesive and shared characteristics across the Southeast Asian region from a historical and sociocultural perspective. The intention is to differentiate an identity borne of the underlying commonalities of shared characteristics whether physical, experiential, emotive, and/or in terms of heritage. Subsequently, Southeast Asia has more grounds to claim itself as a distinct region, and an "area of study," besides the political expediency of ASEAN.

  • PDF

Credit Enhancement and its Risk Factors for IPP Projects in Asia: An Analysis by Network

  • Chowdhury, Abu Naser;Chen, Po-Han
    • International conference on construction engineering and project management
    • /
    • 2015.10a
    • /
    • pp.122-126
    • /
    • 2015
  • Credit enhancement is absolutely essential for financing Independent Power Producer (IPP) projects in Asia particularly for countries whose sovereign credit rating is on non-investment grade and foreign investment is difficult to achieve. Due to nexus of agreements among varies parties in IPP project, it is hard to clearly visualize the roles of these agreements. Examples are: What credit enhancement factors are most influential to minimize the associated risks of IPP projects? Why are they powerful? What are their roles? Who are less powerful and what are the obstacles that causes them less powerful? A research is conducted to identify the credit enhancement factors for IPP projects in Asia. IPP professionals validated 27 out of 28 identified credit enhancement factors, and five factor groupings were made through factor analysis. Afterwards, network theory is applied to find the unanswered questions, which by graphical and mathematical representations show that the host government's credit enhancement, MDBs, ECAs and other parties' credit enhancement are prominent and of great importance to handle the associated risks of IPP projects in Asia

  • PDF

"Local" vs. "Cosmopolitan" in the Study of Premodern Southeast Asia

  • Acri, Andrea
    • SUVANNABHUMI
    • /
    • v.9 no.1
    • /
    • pp.7-52
    • /
    • 2017
  • This paper analyzes the scholarly approaches to the problem of "local" vs. "cosmopolitan" in the context of the cultural transfers between South and Southeast Asia. Taking the "localization" paradigm advanced by Oliver Wolters as its pivot, it reviews the "externalist" and "autonomous" positions, and questions the hermeneutical validity of the fuzzy and self-explanatory category of "local." Having discussed the geo-environmental metaphors of "Monsoon Asia" and "Maritime Asia" as alternative paradigms to make justice to the complex dynamics of transregional interaction that shaped South and Southeast Asian societies, it briefly presents two case studies highlighting the tensions between the "local" and "cosmopolitan" approaches to the study of Old Javanese literature and Balinese Hinduism.

  • PDF

China: in the East Asia Financial Crisis

  • Peng Yun-E
    • Proceedings of the KOR-KST Conference
    • /
    • 1998.09a
    • /
    • pp.204-211
    • /
    • 1998
  • This paper reviewed the East Asia financial crisis, how China reacts to its impact, and what lessons should be learned from the crisis.

  • PDF