Governance and Economic Development in Africa Since 1970s in Comparison with East Asian Countries

The central argument of the article is that bad governance has been both the source and the consequence of the economic underperformance of African countries. Economic development is the end to be achieved in a sustainable way and this cannot be guaranteed without strong institutions under the conditioning of good governance and if possible democracy. Thus, at the heart of achieving economic development as indicated by East Asian countries and some countries that are able to register economic development in Africa recently, such as Ethiopia and Rwanda among others, they are building the appropriate institutions and policies, which are key to the process of economic growth by affecting the incentives to accumulate, innovate, and accommodate change. The article compares and contrasts governance and economic development between Africa and East Asian countries. It also reflects the lessons learned from East Asian countries to bring rapid economic growth and development in Africa.     

An Analysis of Tax Incentives to Attract FDI in Bangladesh： An Empirical Study

The purpose of the study is to understand whether it is still viable to use tax incentives to attract foreign direct investment （FDI） considering their effectiveness and costs to the country, and if not, what should be the alternative, effective, and viable means of promoting the vital FDI inflow. The study investigated various incentives provided by BOI, and other relevant sources available as secondary sources. However, the multinational enterprises （MNEs） are not attracting for investment in Bangladesh always with tax incentives and there are alternative means of attracting FDI such as direct financial grants, subsidies loan guarantees, etc. This paper focuses on tax incentives and the debate against the effectiveness and efficiency in attracting FDI.     

Cluster and Supply System of Generic Technologies

Clusters in China are mostly less developed, whose development is limited by the lack of technologies. It is necessary to build supply system of generic technologies, which provide technical foundation for the following research in clusters. Supply system of generic technology is distinct among different clusters, which will be explained in this paper through a comparison between two cases： Nanhai clusters and Shunde clusters in Guangdong province of southern China.     

Adjustment of Macro-economic Development Pattern on the Development of China＇s Agriculture

The paper argues that the development of China＇s agriculture is constrained by the industrial bias macro-economic development patterm The role of agricultural development in a dual economy is also studied. It is argued that a fundamental adjustment to the macro-economic development pattern is needed to balance industrial and agricultural development.     

The Relationship Between Government Policy and Financial Performance： A Study on the SMEs in Iraq

The study examined the relationship between government policies and financial performance in small and medium enterprises （SMEs） in Iraq. The study aimed at establishing the relationship between government policies and financial performance of SMEs. In the Republic of Iraq, it is estimated that 99% of the business entities are SMEs. They also contribute to GDP and provide employment. Notwithstanding the recognition of the important roles SMEs play in Iraq, their development is largely constrained by a number of factors, such as the existence of laws, regulations, and rules that impede the development of the sector. The study provided some relevant recommendations to policy makers, development agencies, entrepreneurs, and SME managers to ascertain the appropriate strategy to improve the SME sector in Iraq.     

Does Foreign Direct Investment Provide Desirable Development Finance？ The Case of China

Foreign direct investment (FDI) is often considered as a cost-effective and risk-reducing source for development finance. This paper,however,shows that FDI finance often entails underestimated risks and costs. FDI might react sensitively to business cycles and might not be as "permanent" as conventionally believed. FDI might also accelerate other forms of capital flow in times of financial difficulties and,hence,destabilize financial order. In addition to the risks,compensations to FDI and the high import-dependency of FDI-related trade lead to a considerable drain on the balance of payments. Moreover,the reliance on foreign capital for development finance is equivalent to building a Ponzi financing scheme and,therefore,is unsustainable. Given the fact that FDI financing is risky and costly and China does not lack savings,it is suggested in the present paper that China's efforts in attracting FDI should not aim at external capital provisioning.     

Reforming the Financial Health Care System： The Case of the Republic of Albania

The Albanian health care system is currently in a period of deep transformation as well as the country is reflecting the future reforms after the turbulent development of the most recent years. The admission of Albania among future members of the European Union requires also an innovation in the health care system in order to build a model more compliant with the European performance and standards. These innovations are required also in the managerial approach to the health care and in its financing system. The aim of this paper is to analyze the actual financing model of the Albanian health care sector while highlighting the possible future managerial development. First of all, this article presents a history review of the Albanian health-care system, analyzing the current governance model. The goal of this approach is to describe the starting point of the reform paths for the future policy makers. Afterwards the research underlines the transition from a financing model based on historical public expenditure to a system based on the performance as one of the main innovation in the managerial approach to the health care. The introduction of management thinking will then allow developing a cost-based financing model, an accounting system in the teaching hospital and, finally, a financing system able to pay for services provided by private health care entities. The article then offers also a contribution to policy makers in order to define the ＂paths＂ of the Albanian health care system in the next years.     

Optimal Weight Fund Constructed with Long-short Strategies and Its Risk-adjust Return Analysis： Case of A Fund

The market neutral strategy （long-short strategy） is designed to achieve higher risk-adjust return and higher Sharpe ratio than those of the indexes. Based on the strategy, historical data are tested to analyze the risk or return profile, and other issues such as the costs of construction of the fund are analyzed also.     

Financial Intermediation Development and Economic Growth： Does the Chinese Counterexample Exist？

In terms of the degree-of-freedom of bank loan decision-making, the ratio of loans of private enterprises and individuals to total loans is used to measure the development of China ＇s financial intermediation. Applying generalized method of moments estimation developed for dynamic panel data models, the present paper finds that the effect of financial intermediation development on economic growth is positive and statistieally significant when controlling for other variables, such as human capital foreign direct investment, securitization and foreign trade. The empirical results indicate that the concept of the so-called Chinese counterexample in financial development is questionable. Financial system reforms, including encouraging banks to operate independently, reducing or eliminating mandatory loans, and maldngfinancial decision-making more market-oriented, are important for China＇s economic growth.     

The Empirical Analysis of the Reason and the Influence of the Rapid Growth of Foreign Exchange Reserves in China

The fluctuation of Chinese foreign exchange （Forex） reserve is affected by those factors, such as the volume of the Balance of Payments, the M2, the balance of external debts and so on. In this paper, the author establishes a model for the fluctuation of China＇s official foreign exchange reserve with the method of econometrics, finding out that it is the surplus of the balance of payments that results in the rapid growth of foreign exchange reserves. Then, this paper uses substantial data to objectively demonstrate the negative impact of position for Forex purchase and its sterilization operation on monetary policy and the economic development of the diverse sectors and regions.     

The Internet Banking Model and Comparative Study

The rapid development of information and communication technologies, with the Intemet being one of the most significant, is shaking the foundation of the banking industry. New business models in the banking industry are replacing outdated ones and organizations are rethinking business process designs and customer relationship management strategies. There are three prevalent Intemet models in the banking industry： （1） Net-only bank, also referred to as branchless or pure-play, where the customer obtains services via the Intemet without any face-to-face interaction with bank personnel; （2） Hybrid bank, also referred to as ＂brick-and-click＂, where a traditional bricks-and-mortar bank offers Intemet banking to its customers; （3）One-stop-shop, was founded by the universal bank, large-scale traditional banks or large-scale new entrants of financing, where the customer can obtain integrated financial services such as bank, security, insurance, trust, funds, leasehold, and so on. The paper reviews existing studies on the use of the Intemet in banking, and highlights three prevailing models and the strategic thinking behind them. Based upon comparative analysis of each models, the paper discusses a number of emerging tendencies and explores possibilities to reconcile the discrepancies among the three prevailing models.     

The Talent Resource Plan and Policymaking Research on the Major Cities in the West of China ——Taking Xi＇an City of China as an Example

It points out that talent resource development has an important influence on the development of west region. But the phenomenon that talents are idle and wasted is very outstanding in each province and cities of the west. The paper analyzes the meaning of the concept the coordinated development of talents and economy is of special significance for China, reviews the latest development of the theory and practice of regional talent plan and points out the principles, methods and countermeasures of coordinated development based on regional talent plan. Finally, it does positive research by taking Xi＇an as an example.     

Analysis of China＇s Renewable Energy Development under the Current Economic and Technical Circumstances

At present, the development of renewable energy relies mainly on government support. The government invests in a considerable number of projects to improve public welfare and to assist in poverty relief If China is to replace fossil fuels on a large scale with renewable energy sources, the production costs and prices of renewable energy must be brought down. All countries are facing the challenge of moving to a more secure and low-carbon energy system without weakening economic and social development. In this regard, China is facing an even greater challenge in terms of economic cost, as cheap coal remains the main energy form. Technical innovation and industrialization in the area of renewable energy is an important means of lowering cost. China is in for a period of high-speed development of its economy and the rising demand for energy is irreversible. If the technical progress and development speed of renewable energy lags behind the growth in demand, it will be difficult to realize the improvement of its energy structure.     

Process principle- The way to company＇s competitiveness

Seeking ways to increase company＇s competitiveness under current economic and social conditions brought us to investigate internal and external barriers. These reflect contradictions between participants to creation of company＇s output both in internal and external value creation process. These contradictions were identified and their causes are determined. That requires also considering about the trends that are characteristic of the current development in marketing where versatile development of customer orientation dominates. The general governing principle of overcoming the barriers to the growth of company＇s competitiveness is applied by the process approach in organisation and management. The mater is namely using the potential of supply chain management, as well as product and manufacture management, last but not least systematic creation of customer value with the objective of creating a loyal customer and employee.     

Process-Oriented Management in Public and Private Sector

The aim of the paper is to discuss the differences between the process-oriented management in public sector organizations and private sector organizations. It is also to present the consequences of implementation of this approach and to suggest areas for further research. The process management is based on the assumption that actions should be optimized by taking into account processes, which create the dynamics of an organization. These processes are constituted by sequences of activities, which turn ideas and efforts of members of an organization into an outcome expected by a client. It seems that the implementation of the process-oriented management in organizations of the public administration may facilitate the following current clients needs and identifying new ones, which are due to changes in needs of citizens or legal requirements. The paper gives an account of the process-oriented management approach and consequences of its implementation in public sector organizations. It also discusses the obstacles to the process-oriented management implementation, primarily in the public sector. The paper is theoretical and the presented ideas need further empirical investigation. The findings can be used to enhance process-oriented management systems both in the public and private sector.     

Implementing the Independent Director System in China: Issues and Considerations

Independent Directors (IDs), also known as outside directors or non-executive directors, are those who are independent of the company's shareholders and who hold no post in a joint-stock company. Unlike internal directors who are under the control of dominant shareholders and a company's leading group, IDs are in a position to play a favorable role for the company to independently judge and determine its business. The introduction of the ID system in the corporate     

Institution Choice for the Family Enterprise

The enterprise organization mode can＇t stand for the enterprise institution of the enterprise organization mode. The family enterprise, adaptable to modem enterprise institution, is merely a kind of enterprise organization mode, and choosing modem enterprise institution is the need to seek economic interests. The development of family enterprise is influenced by enterprise scale, economic states, institution environment and culture conventions. On choosing the institution, it shall undergo a long history process as if institution change is endless. It is inappropriate as if pulling up seedlings to help them grow for the present family enterprise in the country to surpass reality in order to seek modem enterprise institution.