Artwork securitisation: a Chinese style of artwork investment

A new artwork trading model emerged in China at the beginning of 2010s: the value of a piece of artwork was divided into equal shares, and investors could buy and sell these shares in the cultural artwork exchanges, in exactly the same way as investors trading stocks in the stock market. In China, this trading model, once available, was hotly pursued by investors. This rapid market growth quickly descended into trading market confusion and speculation, forcing the government to deal with this model and eventually putting a stop to it. In this paper, we take a closer look at the reasons for the artwork shares’ price booming and slumping, the disorder and speculation in the artwork share trading market, and the reasons why the Chinese government halted this kind of trade. Taking the Tianjin Cultural Artwork Exchange of China as an example, we found that artwork can be an alternative investment vehicle, but the share trading model, similar in function to the stocks and bonds market, is not fit for artwork. The lack of legal basis and supervision by governmental bodies, together with the changeable trading rules has also contributed to the failure of this artwork trading model in China.     

Canadian geopolitical culture: Climate change and sustainability

Considering recent formulations of geopolitical culture in combination with concerns that environmental change be included in contemporary geopolitical analysis, this paper examines the implicit geopolitical formulations in recent Canadian federal political discourse both in Stephen Harper's Conservative government and the subsequent Liberal administration. Contrasting earth system science ideas about global transformations with Canadian nationalist rhetoric concerning petroleum production and notions of unlimited resource extraction as parts of national identity sharply highlights the contours of Canadian identity. If sustainability is to be taken seriously, the official nationalist formulation will have to be drastically changed, but as the widespread rejection of the LEAP manifesto suggests, such ideas of a sustainable mode of globalization have yet to substantially influence Canadian political discourse, despite the rhetorical support offered to the Paris Agreement on Climate Change by the Liberal government of Justin Trudeau.     

明清时期江淮西部地区干湿状况研究(1450-1911)

对明清江淮西部地区的旱涝史料进行梳理,对逐年州县旱涝灾害资料等级进行量化处理,并通过计算旱涝平均等级值和10年滑动平均值,重建1450—1911年该区域的干湿变化时间序列。结果发现,该区1450—1911年间共出现6个干湿阶段: 1450—1490年,以轻度干旱为主;1491—1545年,旱涝灾害频发,干湿波动较为明显;1546—1625年,旱涝灾害少发,干湿比较平稳;1626—1710年,以中度干旱为主,极端干旱事件发生频率显著增加;1711—1860年,气候湿润;1861—1911年,干湿波动偏湿润。不同的干湿阶段对江淮西部的湖泊也造成了一定的影响,干旱时期,湖盆积水减少,湖周萎缩;湿润时期,降雨增加,湖泊的蓄水量增加。     

Human Response to Climate Change during the Umm an‐Nar/Wadi Suq Transition in the United Arab Emirates

Stable oxygen isotope ratios in archaeological human dental enamel represent an under‐utilised tool in the examination of changing climatic patterns in the ancient world. In the Oman Peninsula at the end of the third millennium bc , rapid aridification was accompanied by a breakdown in interregional trade relations; however, the human response to these changes is poorly understood. At the Bronze Age necropolis at Shimal in the United Arab Emirates, dental enamel from individuals interred in both Umm an‐Nar (ca 2700–2000 bc ) and Wadi Suq (ca 2000–1300 bc ) tombs underwent oxygen, strontium and carbon isotope analyses to examine how local inhabitants of southeastern Arabia responded to both environmental and socioeconomic change. While individuals from Shimal exhibit a clear shift in mean δ¹⁸O_c(VPDB) values from the Umm an‐Nar (−3.5 ± 0.6‰, 1σ) to the Wadi Suq (−2.4 ± 0.9‰, 1σ), corresponding ⁸⁷Sr/⁸⁶Sr and δ¹³C_ap signatures display homogeneity indicative of continuity in Bronze Age lifeways. Together, these data highlight the ability of local communities to successfully adapt to their changing environs (in lieu of societal collapse or a shift to a more mobile lifestyle) in an effort to maintain their way of life. Copyright © 2014 John Wiley & Sons, Ltd.     

Toward a Comparative Measure of Climate Policy Output

Comparative policy studies face a number of methodological challenges where conceptualization of the object of comparison—policy output—is the most fundamental. On the basis of three common approaches of the study of policy output, we reconsider this widely applied concept and propose a refined measure as a function of both density (number of policy instruments) and intensity (content of policy instruments). We theoretically derive six policy‐intensity measures (objectives, scope, integration, budget, implementation, and monitoring), which are used for weighting national policy instruments on an Index of Climate Policy Activity. The article presents an empirical application of this measurement approach. Focusing on national climate policy instruments in the energy production sector in Austria, Germany, and the United Kingdom, we investigate changes in the countries' policy portfolios from 1998 to 2010. The article demonstrates that our Index of Climate Policy Activity provides a reliable and valid measurement for national policy output that can be applied for comparative analyses of policy output.     

The Challenge to ‘Informal’ Empire: Argentina,Chile and British Policy-Makers in the Immediate Aftermath of the First World War

From the late nineteenth century, both Argentina and Chile were integral parts of Britain’s ‘informal’ empire in Latin America. It has been suggested by historians that this ‘informal empire’ came to an end around the mid-twentieth century. By analysing contemporary sources from within the British government and the findings of later economic historians, it is the purpose of this article to contest this viewpoint. It will instead argue that the end of ‘informal’ empire in these countries was a direct consequence of the First World War, and that the decline in British influence in the region was registered by British policy-makers much earlier than has previously been argued.     

From toys to automobiles: foreign investment,firm heterogeneity and intermediaries in a Portuguese industry

In the literature on territorial innovation systems there is a constant tension between the effect of endogenous and exogenous factors and their relative importance. In order to address this tension several approaches have sought to conceptualize the relational and multi-scalar dimension of innovation and to explain how external knowledge and economic flows in conjunction with regional contexts combine to produce regional growth, stagnation or decline. This paper will contribute to this debate, while also highlighting that even at the local level there is substantial heterogeneity between firms. It will also shed light on the role of intermediary organizations that can help address information and power asymmetries between multinational corporations and less competitive local firms. Empirically it will draw on the case study of the Portuguese moulds industry, which has successfully adapted to shifts in the global economy by drawing on local resources while also remaining integrated into global value chains.     

Revuelta plebeya,conciencia criolla y reivindicación jesuita: política y gobernanza en la Historia del Reino de Quito,de Juan de Velasco

Este artículo propone una lectura de la Historia del Reino de Quito en la América Meridional (1789), de Juan de Velasco, a partir de las ideas políticas y jurídicas de su autor. Sugiere abordar el tomo tercero de la Historia no solamente como un relato del declive social y económico que aqueja a la Audiencia de Quito, sino como un comentario a la crisis de gobernanza que, según Velasco, inicia con el ascenso de los Borbones al trono. La incapacidad jurídica de controlar la mestización de la sociedad y las desacertadas políticas de las autoridades peninsulares, resultan en la Rebelión de los Barrios de Quito, episodio que representa el clímax de las penurias que atraviesa el Reino y que le permite a Velasco cuestionar el modelo de gobierno establecido por los reformistas ilustrados, abogar por la necesidad de un gobierno criollo y restaurar la desgastada imagen de la Compañía de Jesús.