Industrial Policy in the 21st Century

Industrial policy is back at the centre stage of policy debate, while the world is undergoing dramatic transformations. This article contributes to the debate by developing a new theory of industrial policy, incorporating some issues that have been neglected so far and taking into account the recent changes in economic reality. The authors explore how the incorporation of some of the neglected issues — commitments under uncertainty, learning in production, macroeconomic management (especially demand management), and conflict management — changes the theory. They then examine how the theory of industrial policy should be modified in light of recent changes in economic reality: the rise of the global value chain, financialization and new imperialism. This contribution aims at promoting a pragmatic approach to industrial policy and pointing to new areas for policy intervention in a changing world.     

Numerical Characteristics of Explicit Method for Nonlinear Systems

Numerical properties of the Newmark explicit method in the solution of nonlinear systems are evaluated by introducing a parameter, which is named the instantaneous degree of nonlinearity, to monitor the variation of stiffness with time. Stability analysis reveals that the upper stability limit is inversely proportional to the square root of the instantaneous degree of nonlinearity and thus it is no longer equal to 2 for nonlinear systems. In fact, it is shrunk as instantaneous degree of nonlinearity is larger than 1 while it is enlarged as instantaneous degree of nonlinearity is less than 1. It is also proved that the satisfaction of stability limits for each time step implies a stable computation in the complete step-by-step integration procedure. Accuracy analysis shows that the relative period error is increased with the increase of the instantaneous degree of nonlinearity for a given product of the initial natural frequency and time step. Furthermore, a rough guideline is proposed for accurate integration of nonlinear systems and its appropriateness is confirmed with numerical examples.     

Multiple Degrees of Freedom Positioning Correction for Hybrid Simulation

This study proposes a high-precision positioning correction method for multiple degree-of-freedom loading units in hybrid simulation. These loading units can impose inaccurate displacements to the specimens due to the elastic deformation at the reaction wall or connections. To compensate for these displacement errors, an online correction method adjusts the displacement command by the difference between the target and achieved displacement. This correction method also accompanies an accurate 6DOF monitoring system to detect the displacement errors. Two examples of hybrid simulation tests are provided to demonstrate the precise displacements attained on the specimens through this control method.     

Unusual Overshooting in Steady-state Response for Structure-dependent Integration Methods

It is numerically illustrated that an unusual overshooting phenomenon might occur in the solution of a forced vibration response if a structure-dependent integration method is applied to conduct the analysis, such as Chang explicit method [2002] and CR explicit method [2008]. This overshooting may occur in the steady-state response of a high frequency mode and it becomes significant as the natural frequency of the mode increases. This unusual overshooting behavior can be successfully detected by using a local truncation error derived from a forced vibration response rather than a free vibration response. A missing loading term in the difference equation for displacement increment is responsible for this unusual overshoot. It is analytically and numerically verified that the unusual overshooting behavior will automatically disappear after introducing the missing loading term into the difference equation for displacement increment.     

Fad,fetish or fixture: contingent valuation of performing and visual arts festivals in Singapore

This paper analyses how much culture is valued in a newly-developed economy with a distinct dichotomy of an arts-appreciating population segment and a less-culturally aware mass. An analytical framework weaving together the intrinsic, business and societal benefits of arts and culture is applied to explore whether arts festivals – a popular tourism event in many countries – are a temporary fad, an expensive governmental fetish or a naturally-evolving fixture. This has implications for government funding and cultural policy. Empirical evidence supports the notion that the long-running performing arts festival is a not a fad but a fixture with some fetish elements while the visual arts festival appears to be a fad but has the potential to be a fixture. Of particular concern, however, is the evidence from both festivals that the perceptions of community benefit, business benefits as well as bequest value from the arts are not significant determinants of willingness to pay for these events.     

The Cartometric Study of Landscapes

The authors describe a cartometric method of analyzing natural landscapes for developmental purposes. Cartometry is designed to provide a quantitative evaluation of the morphologic structure of the landscapes of a given study area. Taking an area in the northeastern part of Kustanay Oblast, the authors prepared sample maps showing the lake coverage of the area, the economic potential of the hydromorphic units of the landscapes, and the morphologic structure of the landscapes.     

Recalling the War in China： The Dahoufang Project in Chongqing and the Restoration of a Legacy

This article presents a rare inside view of a unique project currently underway in China to study and preserve the memory of possibly the single most seminal event in Chinese modern history, the War of Resistance against Japan （1937-45）. The article introduces a multi-faceted program to preserve the wartime cultural heritage; the work is ongoing in the thriving western metropolis of Chongqing, once China＇s bomb-torn wartime capital and international Allied command center. It describes how, seven decades after World War II, scholars, cultural workers, government experts, and artists in China are joining hands in an unprecedented, all-encompassing project to record, restore, and recount the extraordinary legacy of China＇s War of Resistance in its local, as well as national and global contexts.     

Economic interdependence and international interactions: the impact of country size on political conflict and cooperation

The trade–conflict model claims that one state, designated as the ‘actor’, is deterred from initiating conflict against a trading partner, designated as the ‘target’, for fear of losing the welfare gains associated with trade. This article extends the trade–conflict model to examine the effect of country size on the trade gains among countries. We derive three propositions with regard to international interactions that pertain to the links between trade, conflict and country size. These hypotheses all imply that a country with an improvement in its terms of trade with a large country will decrease conflict more than it would with an improvement in its terms of trade with a small country. A 30‐country sample from the Conflict and Peace Data Bank (COPDAB) is used for empirical tests. The empirical analyses support the derived hypotheses. The model predicts that a country's ability to influence domestic consumption in a trading partner is an important determinant of international interactions.