The China model view is factually false

ABSTRACT

Using a cross-regional analysis of China, this article shows that the China model view is factually false and the universal model view is factually true. It is the marketization and development of non-state sectors, rather than the strong power of government and the state sector, that have driven the Chinese economy to grow fast and to be increasingly innovative. If China wants to sustain its economic performance, it must stay on the way to continuing marketization. Otherwise, China will fall into stagnation.     

The securitization of gold and its potential impact on gold stocks

We study the market impact of a very successful financial innovation – the SPDR Gold Trust exchange-traded fund (GLD). GLD holds physical gold, and provides traders with a convenient and cost-effective way to gain exposure to gold. We find that after the introduction of GLD, the liquidity of gold company stocks declined, and their adverse-selection risk increased. Over the two-month period after GLD’s introduction, the stocks’ relative effective bid-ask spreads increased by over 15%, while their adverse-selection cost, as measured by the price impact of trades, went up by more than 30%. Gold stocks also experienced significant negative abnormal returns (−12% on average) in the month after GLD started trading. Our findings suggest that GLD attracted traders, especially uninformed traders, away from gold company stocks, and that the resulting negative demand shocks and decrease in the stocks’ liquidity caused their prices to decline. Our results show that existing securities can be seriously adversely affected when a new security enters the market.     

Services as drivers of economic growth. Is there an opportunity for Latin America countries?

ABSTRACT

Considering the recent improvements in services innovation and productivity performance, the aim of the article is to analyze if they can act as a new growth driver for Latin American countries. For that, we review the literature on services and structural change in two stages. First, we apply a bibliometric methodology to identify the main trends in literature. Second, we analyze in-depth a smaller set of papers in order to extract the main lessons regarding three aspects of our question: (i) services and productivity growth, (ii) new opportunities for innovation in services and (iii) relation between services and manufacturing through servitization process. The results show that productivity and innovation growth in services are concentrated in only a few branches. Besides this, services performance depends on their links with manufacturing activities. We conclude that the current Latin American servitization process clausure opportunities for developing instead of opening them.     

Taking superintelligence seriously: Superintelligence: Paths,dangers, strategies by Nick Bostrom (Oxford University Press, 2014)

A new book by Nick Bostrom, Superintelligence: Paths, Dangers, Strategies, is reviewed. Superintelligence explores the future of artificial intelligence and related technologies and the risks they may pose to human civilization. The book ably demonstrates the potential for serious thinking aimed at the long-term future. Bostrom succeeds in arguing that the development of superintelligent machines will, if not properly managed, create catastrophic risks to humanity. The book falls short in some respects, and some sections are more compelling and novel than others. Overall, however, Bostrom’s book succeeds in demolishing the “null hypothesis” according to which the possibility and risks of superintelligence can continue to be ignored, and is a must-read for those interested in the long-term future of humanity.     

Deconstructing the future of management: Pharmakon,Gary Hamel and the impossibility of invention

There has been a growing tendency to argue that the practice of management must be reinvented in the future in order to energize the creative potential of employees. However, the discourse on ‘management innovation’ attributes a curious dual function to the concept of management. On the one hand, management is portrayed as the ‘toxin’ that can impede innovation. But on the other hand, management is portrayed the ‘cure’ that will heal the defects that prevents innovation. Informed by Derrida's reflection upon the dual meaning of pharmakon, a word that means both ‘remedy’ and ‘poison’, the paper engages with Hamel's popular management handbook The Future of Management. Although Hamel attempts to establish a clear-cut distinction between those principles of management that obstruct and those that facilitate innovation, one is ultimately left uncertain whether management is a cure or a poison for innovation. This ambivalence points to an underlying paradox of contemporary post-managerial thinking that is characterized by incorporating transgression into its productive logic.     

福建省自主创新服务能力现状及提升对策

福建省自主创新服务能力与全国各地主要省市相比处于中上水平。通过实施创新服务人力资源建设工程，设立创新服务机构发展专项基金，加强创新服务机构的能力建设，推进资本市场与技术市场体系建设，营造有利于自主创新服务的政策和科技环境及加快推进自主创新服务平台建设方式，来提升自主创新能力。     

技术寻求、开放式自主创新与中国企业的海外投资战略

随着经济全球化趋势的加强和企业间竞争程度的加剧，技术优势在企业竞争中的地位急剧上升，技术寻求型对外直接投资现象日益突出。文章分析了企业通过技术寻求型FDI来获取先进技术初始产权的途径，并提出我国企业实施技术寻求型FDI战略的对策建议。     

旅游创新体系构建及相关要素分析——以上海、南京为例

文章沿技术-服务、组织-制度两个维度梳理了多元且分散的旅游创新研究,并提出三层次(企业、网络、系统)旅游创新认识模式,分别对各层面的基础性要素及其作用机理进行了探讨,并通过对上海、南京两地的旅游企业实地调研加以验证。     

基于就业导向的高职院校人才培养模式改革

培养适合经济社会炭展需要的应用型的各种技术人才是中国高等职业教育的根本目的。现阶段中国高职院校人才培养模式存在定位不清、专业结构不合理、缺乏特色,与市场需求脱节的问题。中国高职院校人才培养模式需进一步强化就业导向,深化体制改革,完善就业体系与师资结构,提升办学特色与质量,紧密结合经济社会发展实际设计专业培养市场需要人才。     

审美教育与大学生创新能力的培养

从美与创新的关系看,美具有创新的特征;从内涵的角度来看,美育与创新能力的培养具有一致性;从功能的角度来看,美育与创新能力的培养具有统一性;美育在人才培养的过程中,对大学生创新能力的培养具有重要作用。