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.     

China's Emergence and Impact on Technology in East Asia: The Case of Machinebuilding

Two Taiwan-based economists estimate the technology content of exports by the machinebuilding industry of the East Asia region during 2004-2008, using comparative analysis to clarify changes in the relative competitiveness of four East Asian nations (China, Japan, South Korea, and Taiwan) accompanying the formation of a regional trading bloc and production networks. In particular, they examine the technology content of these countries' machinebuilding sub-industries' exports within the Southeast Asian market (documenting the rise of the machinebuilding industry in China) as well as the penetration of Japanese, South Korean, and Taiwanese sub-industries into China's market. The results point to areas of emerging competition among China, South Korea, Japan, and Taiwan for East Asian markets, which can only be expected to intensify in the future. Journal of Economic Literature, Classification Numbers: F14, F15, F36, O14, P23. 7 tables, 36 references.     

30年来日本对华经贸政策的调整与演变

日本是中国最重要的贸易伙伴,是我国最大的援助国家,最大的投资国家之一,从1972年9月恢复邦交正常化以来,中日经贸关系总体来说发展顺利,但在不同时期日本采取的对华经贸政策是不同的,是不断根据国家的经济发展现状结合国际形势的变化进行调整。70年代日本对华经贸政策是以发展本国经济为前提推动中日经贸关系向前发展。80年代继承了70年代的对华政策,但政治色彩加浓;90年代采取不断发展中日经贸关系的政策;展望21世纪发展友好的中日经贸关系仍为日本对华的主导政策,但摩擦会不断增加。     

基于物联网技术的博物馆室内环境监测

物联网是传感器技术、无线通信技术、网络和嵌入式计算机技术交叉渗透的产物,随着物联网概念的提出,其技术得到了飞速发展,并且在社会多个领域取得了成功应用。针对当前博物馆环境监测存在的问题与难点,提出了基于物联网技术的博物馆室内环境监测系统的总体设计方案,在此基础上,分别给出了传感器节点、汇聚节点的软硬件设计方案,该设计具有低功耗、低成本、扩展灵活等优点。构建的测试平台验证了该系统良好的可行性与稳定性。     

南京市对外交通节点与酒店之间游客流动空间特征分析

利用旅游攻略数据,构建关系网络,探讨南京市对外交通节点与酒店之间游客流动这一特殊旅游流的空间特征,研究表明:1在节点方面,酒店的流入度、流出度和中心度均呈现出较为明显的圈层结构,高数值区域分布在城市中心的南北两端,外围区域数值较低,游客选择的酒店集中于夫子庙街道、健康路街道、梅园新村街道、玄武门街道;对外交通节点中,南京火车站中心度最高,铁路在南京旅游对外交通中作用突出。2在网络方面,随着流量阀值增加,整个网络的连通性不断增强,且流量分布更加均衡;核心对外交通节点与酒店集中分布街道在整个网络中起着重要的支配作用。3游客选择酒店并非集聚在对外交通节点周边,距离在酒店选择中所起作用不强,而与景点空间分布存在较强相关性。     

Life on horseback: palaeopathology of two Scythian skeletons from Alexandropol,Ukraine

In 2006, two skeletons were analysed that were previously excavated from the periphery of a Scythian burial mound, near the village of Alexandropol in southern Ukraine. Dated to ca. 325 BC, both remains are male. The first is that of a youth in his late teens who exhibits indications of biological stress and degenerative changes to the spine in the form of a Schmorl's node. The second is a middle‐aged individual with extensive healed lesions due to trauma to the right humerus and clavicle with associated bony changes of the elbow and spine. Stable isotope analyses indicate a diet based on C3 plants. Their skeletons suggest a rigorous life on horseback. Both may have served as sacrificial victims. Historical records document the strangulation of attendants and their placement around the periphery of royal burial mounds. Grave goods suggest that both were warriors, although the youth lacks the traumatic injuries exhibited by the older male. The individuals from Alexandropol may have served a Scythian king in life and in death. Copyright © 2008 John Wiley & Sons, Ltd.     

Crisis,Continuity and Change: Neoliberalism,the Left and the Future of Capitalism

Abstract: This essay's point of departure is the coincident economic and environmental “crises” of our time. I locate both in the dynamics of capital accumulation on a world‐scale, drawing on the ideas of Marx, Karl Polanyi and James O’Connor. I ask whether the recent profusion of “crisis talk” in the public domain presents an opportunity for progressive new ideas to take hold now that “neoliberalism” has seemingly been de‐legitimated. My answer is that a “post‐neoliberal” future is probably a long way off. I make my case in two stages and at two geographical scales. First, I examine the British social formation as currently constituted and explain why even a leading neoliberal state is failing to reform its ways. Second, I then scale‐up from the domestic level to international affairs. I examine cross‐border emissions trading—arguably the policy tool for mitigating the very real prospects of significant climate change this century. The overall conclusion is this: even though the “first” and “second” contradictions of capital have manifested themselves together and at a global level, there are currently few prospects for systemic reform (never mind revolution) led by a new, twenty‐first century “red‐green” Left.     

Emissions Trading,New Enclosures and Eco‐Social Contestation

Abstract: The central operating strategy within the 1997 Kyoto Protocol and most of the advanced capitalist world's environmental policy is to address climate change through the market mechanism known as emissions trading. Based upon government issuance and private trading of emissions reductions credits and offsets, this approach quickly rose to $135 billion in annual trading. But in the wake of the collapse of climate negotiations in Copenhagen and a world financial crisis which undermined market faith in derivative investments, carbon trading has an uncertain future. Linkages between deep‐rooted financial market and emissions market problems are revealing in spatio‐temporal terms, especially in the context of a deeper overaccumulation crisis and investors’ desperate need for new speculative outlets. It is in the nexus of the spatial and temporal aspects of carbon financing amidst resistance to “new enclosures” by adversely affected peoples, that broader‐based lessons for global/local environmental politics and climate policy can be learned.     

The Dnieper Trade Route in the Late Eighteenth and Early Nineteenth Centuries: A Note

Abstract

The reconsideration of Arthur J. Marder's evaluation of the date at which the admiralty recognized the threat to Britain from the Germany navy has implications for others of Marder's arguments that have been the subject of extensive revisionist critique. This article reexamines the revisionists's most important conclusion, namely that Marder misunderstood the origins of Admiral Sir John Fisher's revolutionary new warships, HMS Dreadnought and HMS Invincible. Despite the revisionists's criticism, not only do many of Marder's claims withstand close scrutiny but also some that have been largely ignored need to be given greater prominence.     

Regionalizing global trade patterns, 1981–2001: application of a new method

This paper investigates the establishment of trading regions in the global economy at the national level using a measure of trade intensity and a regional assignment algorithm that generates economically meaningful trading regions. Although there is definite regionalization in the global economy with regard to international trade, there is no evidence of an increase in the concentration of that regionalization over time. The geography of international trade is incredibly dynamic, with change related to political, historical and economic forces. Overall, trading regions have relatively few members and are increasingly a set of geographically close countries.