Research on China Cross-border E-commerce Development Strategy under the Background of Trade Facilitation

2021 ◽  
Vol 1 (1) ◽  
pp. 41-49
Author(s):  
Xiang LIU ◽  
Shu LU
Keyword(s):  
Development Strategy ◽  
Global Financial Crisis ◽  
Global Market ◽  
Chinese Government ◽  
Market Demand ◽  
Growth Trend ◽  
Trade Facilitation ◽  
Environmental Support ◽  
Cross Border ◽  
The Global Financial Crisis

The main purpose of trade facilitation is to simplify trade processes, reduce trade costs, and improve policy transparency. Affected by the global financial crisis, global market demand is insufficient, and China's foreign trade growth is weak, while cross-border e-commerce is thriving, showing a gratifying growth trend. The qualitative and quantitative leap of cross-border e-commerce is inseparable from the macro-environmental support and influence of my country's social development. Chinese government departments should actively participate in relevant meetings and project negotiations of international organizations, establish friendly exchanges and cooperative relations with other countries, and achieve tax incentives and credit Negotiation and coordination mechanisms for system construction cooperation, data security, cybercrime, etc., to seek more convenient and efficient border management

‘Cambiando el chip’: The gendered constellation of subjectivities of the financialisation of remittances in Mexico

2021 ◽  
pp. 0308518X2110061
Author(s):  
Rahel Kunz ◽  
Brenda Ramírez
Keyword(s):  
Development Strategy ◽  
Social Dynamics ◽  
Global Financial Crisis ◽  
Development Aid ◽  
Three Dimensions ◽  
Transnational Families ◽  
Development Models ◽  
Transnational Family ◽  
Global North ◽  
The Global Financial Crisis

In the wake of the global financial crisis and a context of stagnating development aid, the international community now promotes linking remittances to finance as a development strategy, in what has been termed the ‘financialisation of remittances’ (FOR). This article analyses the ways in which the financialisation of remittance manifests in Mexico in gendered ways, and what this tells us about financialisation and financial subjectivation processes beyond the global North. We find that the financialisation of remittance represents a shift from earlier remittance-based development models whereby remittances become linked to financial inclusion and social welfare agendas and the focus is broadened beyond migrant income to diaspora wealth. Focusing on the governing arrangements of the financialisation of remittance, we propose the concept of ‘constellation of subjectivities’ in order to analyse the interrelated and interacting programmatic subjectivities through which the financialisation of remittance manifests in Mexico. Combining this conceptualisation with interdisciplinary feminist insights on financialisation, we analyse the various intersecting social dynamics that weave through such constellations. The analysis – based on document, interview and observation material – finds that the financialisation of remittance in Mexico creates and governs a gendered constellation of financial subjectivities with three dimensions: migrant men, remittance-receiving women and the constitutive outside of the non-transnational family. While most studies tend to focus on transnational families, we demonstrate that non-transnational families are an integral part of the financialisation of remittance. Our analysis destabilises the notion of the universal financial subject and highlights the importance of broadening our analysis of financialisation to constitutive outsides that often fall off the radar.

Globalization should be what states make of it

2021 ◽  
Author(s):  
◽  
Régis Le Moguédec
Keyword(s):  
Global Economy ◽  
Political Action ◽  
Global Financial Crisis ◽  
International System ◽  
State Intervention ◽  
Global Market ◽  
Financial Deregulation ◽  
The Great Depression ◽  
Public Money ◽  
The Global Financial Crisis

<p>A significant factor that prevented the Global Financial Crisis (GFC) from becoming as calamitous as the Great Depression of 1929, is the fact that states reacted swiftly to inject massive sums of public money to save the banks and the global financial system.  This massive state intervention highlighted the limits of the progressive deregulation of the international system which characterized the process of globalization. It showed that states had huge responsibilities in keeping the global economy afloat, albeit without a clear compass or direction. The apparent ‘anarchy’ of the global market system makes conceivable that, to paraphrase A. Wendt, “globalization should be what states make of it”.  Limiting the scope of study to the postmodern state, and looking at the discourse surrounding the globalization process that promotes de-regulation and limited government within a ‘neo-liberal paradigm’ it looks at the ‘democratic deficit’ which weakens the political decision-making process. If not yet a ‘paradigm shift’, the GFC has many ingredients of a crisis of capitalism which needs to re-invent itself, and political action is crucial to curb the excesses of finance. Looking at France, and the election of Francois Hollande on a strong ‘anti-finance’ platform in 2012 and its European Union dimension, it remains to be seen if that kind of shift will actually be able to operate and be successful to set the tone for global reforms.  In conclusion, the core argument is that the global ‘trial’ of the neoliberal paradigm and the concept of financial deregulation should now enter a new phase. It is historically and symbolically the defeat of the self-regulating markets as a blueprint for global prosperity. The present structures are inadequate, and states have to find new ways for cooperation in order to steer this integrated world towards greater cohesion.</p>

Cross-Border Bank Resolution - Recent Developments

Policy Papers ◽  
2014 ◽  
Vol 2014 (11) ◽  
Author(s):  
Keyword(s):  
Global Financial Crisis ◽  
Regulatory Reform ◽  
Bank Failures ◽  
Large Bank ◽  
Too Big To Fail ◽  
Cross Border ◽  
Bank Resolution ◽  
Recent Developments ◽  
The Global Financial Crisis ◽  
Cross Border Cooperation

Developing an effective framework for cross-border resolution is a key priority in international regulatory reform. Large bank failures during the global financial crisis brought home the lack of adequate tools for resolving “too-big-to-fail” institutions. In cross-border cases, misaligned incentives and lack of robust mechanisms for resolution and cross-border cooperation left some country authorities with little choice but to take unilateral actions, which contributed to the high fiscal costs of the crisis and resulted in disorderly resolution in some cases

scholarly journals Global Risk Diversification: An Empirical Investigation From The U. S. Perspective

2011 ◽  
Vol 10 (8) ◽  
pp. 57
Author(s):  
H. Christine Hsu
Keyword(s):  
Stock Markets ◽  
Global Financial Crisis ◽  
Global Market ◽  
Asia Pacific ◽  
Global Risk ◽  
Risk Diversification ◽  
Gold Silver ◽  
Portfolio Managers ◽  
The Global Financial Crisis ◽  
The U.S

The case for global risk diversification has been built on correlations between the U.S. and international stock markets. Now that we witness how tightly the world stock markets are correlated, especially after the global financial crisis of 2008-2009, does it still make sense to diversify globally? Can the investments in global equity portfolios be protected in todays volatile markets? These questions have preoccupied a growing number of portfolio managers in recent years, as well as many of us who invest in stock markets. Since gold/silver and bonds tend to move inversely with the stock markets, a hedging strategy of combining them with stock portfolios should protect the equity investments during global market downturns. The study explores the risk-return profiles of various global portfolios and provides insights about the extent to which the U.S. investors need to allocate their investments in Asia/Pacific, European stock markets, and across other investment vehicles, such as gold/silver and bonds. The findings from this research have practical implications for both investors and portfolio managers interested in going global.

scholarly journals Trade Conflict Between the U.S. and China: What Are the Impacts on the Chinese Economy?

2020 ◽  
Vol 15 (2) ◽  
pp. 213-235
Author(s):  
Sang-Chul Park ◽  
Keyword(s):  
Global Economy ◽  
Global Financial Crisis ◽  
The United States ◽  
Chinese Economy ◽  
Chinese Government ◽  
Trading Partners ◽  
Global Economic Growth ◽  
The Global Financial Crisis ◽  
The U.S ◽  
Trump Administration

Growth in trade has slowed since the global financial crisis in 2008. It seemed to recover in 2017 but declined again after the Trump administration in the U.S. imposed protectionist measures in 2018 which led to conflicts with its major trading partners, including Canada, China, Japan, Mexico, Korea and the EU. Among these partners, the U.S. negotiated amendments to its FTAs with Canada, Mexico and Korea. It is still negotiating with Japan. However, the U.S. government took a different, hard line approach to China in terms of trade based on setting high tariffs on Chinese imports to which China responded by placing high tariffs on U.S. imports. The trade conflict began with criticisms directed at each other, with the U.S. putting its national interest first and China touting a global system of free trade as a key issue. The trade conflict has negatively impacted not only the U.S. and Chinese economies but also the global economy, given that the two economies together as the G2 account for nearly 40% of global output. Therefore, one of the most important challenges for global economic growth is how the conflict might further affect the global economy. This paper analyzes why the trade conflict emerged and how to resolve it. It also focuses on the economic impacts of the trade conflict on the global economy in general, and the Chinese economy in particular. Further, it analyzes how the Chinese government strategically deals with trade negotiations with the United States.

The Future of Cross-Border Insolvency

2018 ◽  
Author(s):  
Irit Mevorach
Keyword(s):  
International Law ◽  
Financial Institutions ◽  
Multinational Enterprises ◽  
Global Financial Crisis ◽  
Cross Border ◽  
The Future ◽  
Global Welfare ◽  
The Global Financial Crisis ◽  
The Right ◽  
The Impact

This book interrogates the current cross-border insolvency regime and sets out a pattern to improve its future. In recent decades, and especially since the global financial crisis, a number of important initiatives have focused on developing effective solutions for managing the insolvency of multinational enterprises and financial institutions. This book takes stock of the varying success of previous policy, and identifies the gaps and biases that could be bridged by employing a range of strategies. The book first sets out the theoretical debates regarding cross-border insolvency and surveys the strengths and weaknesses of the prevailing method, ‘modified universalism’, synthesizing divergences into a rubric for both commercial entities and financial institutions. Adhering to these norms more robustly, the book argues, would enhance global welfare and produce the best outcomes for businesses and institutions. Drawing upon sources from international law as well as behavioural and economic theory, the book considers how to translate modified universalism into binding international law, how to choose the right instrument for cross-border insolvency, the impact instrument design has on decisions and choices, and the means to encourage compliance. In particular, the book proposes measures that could potentially overcome, or at least take into account, behavioural biases in decision-making in order to create a system that works for businesses, and offers a blueprint for the future of cross-border insolvency.

The International Dimension: Cross-border Groups

2016 ◽  
Author(s):  
Michael Schillig
Keyword(s):  
Global Financial Crisis ◽  
Applicable Law ◽  
Cross Border ◽  
The Us ◽  
Key Issues ◽  
The Cross ◽  
Model Law ◽  
The Global Financial Crisis ◽  
Financial Groups ◽  
Group Law

The difficulties associated with the supervision and failure resolution of cross-border financial groups were among the key issues that came into renewed focus as a result of the global financial crisis. The cross-border dimension affects the recovery and resolution process in its entirety from the initial planning phase right through to liquidation. The chapter summarizes the elements of cross-border group law mentioned in previous chapters. It looks briefly at the US framework and the changes introduced through the Dodd–Frank Act. It discusses international jurisdiction of authorities and courts, the applicable law that governs proceedings, and the recognition and effects of foreign proceedings, in particular, in accordance with Directive 2001/24/EC on the reorganization and winding up of credit institutions and investment firms and the UNCITRAL Model Law on Cross-Border Insolvency. It also analyses the new European framework for co-operation in the cross-border group resolution context.

Regulation of Commodities Trading

2020 ◽  
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Eu Legislation ◽  
Cross Border ◽  
The Global Financial Crisis ◽  
The Uk ◽  
Domestic Level ◽  
The Eu ◽  
Commodities Markets ◽  
The Way

This book is the first to draw together the numerous different regulations which affect how commodities are traded in the EU. Having long been a largely deregulated industry, intense scrutiny in the aftermath of the global Financial Crisis in 2008 has left commodities trading subject to a raft of harmonized regulations, many of which have yet to be finalized. Regulation of both the physical and the financial commodities markets is undergoing significant change and participants and their advisers are struggling to understand the changes in each jurisdiction as well as the cross-border implications. The book pulls together these various pieces of EU legislation and examines how they influence the way that commodities are traded in Europe. It also provides coverage of regulation at domestic level in key jurisdictions active in the marketplace, namely the UK, US, Switzerland, and Singapore. Divided into eight sections, the book includes analysis of the commodities trading houses (including their motives and methods), the main trading venues, trading practices, and potential illicit practices and market abuses. Each section has a detailed transnational component in which the position in each specific jurisdiction is explained, drawing parallels and setting out the differences between these countries.

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