Chinese and world equity markets Xiangyi Zhou a‚⁎‚ Weijin Zhang a‚ Jie Zhang b a b Jinhe Center for Economic Research‚ Xi ’an Jiaotong University‚ PR China Department of Economics‚ Texas A&M University‚ United States a r t i c l e i n f o Article history: Received 23 February 2011 Accepted 2 August 2011 Available online 16 September 2011 Keywords: China World equity markets Vector autoregression Variance decomposition Spillover index Financial crisis JEL classification: G15 F36 a b s t r a c t We
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Culture of Japan The culture of Japan has evolved greatly over the millennia‚ from the country’s prehistoric Jōmon period‚ to its contemporary hybrid culture‚ which combines influences from Asia‚ Europe‚ and North America. The inhabitants of Japan experienced a long period of relative isolation from the outside world during the Tokugawa shogunate‚ until the arrival of "The Black Ships" and the Meiji period. Fūjin and Raijin‚ Tawaraya Sōtatsu‚ 17th century. Pine Trees‚ Hasegawa Tōhaku Japanese
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claims that everyone is equally entitled to human rights without discrimination. In the western society‚ the principles of freedom‚ democracy and human rights are fundamental rights. However‚ the People’s Republic of China‚ commonly known as China‚ is still known as the largest human rights violator in the world. This raises the question whether or not western companies should continue doing business in China despite of the human rights violations. To find an answer to this question‚ the human rights
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Principles in Japan‚ China‚ and Korea Article Summary We need to broaden our cultural horizons to embrace the full diversity of the world’s people. The managerial principles in Japan‚ China‚ and Korea may share some features‚ but differ in others. Each society has its separate‚ distinctive philosophy that guides business managers. A specific behavior appropriate to the setting is required and will be helpful in attaining success in dealings with managers from those countries. WA In Japan‚ business
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Democracy clearly failed in Japan. The limitation of the Diet due to the veto powers the Japanese Emperor had‚ the corruption within the democratic leaders soiling the name of Democracy‚ the failure of the Democratic leaders and further on… Maybe these were some of the reasons why democracy had looked like a very poor system to a common Japanese man. Due to their failure to solve the problems of the farmers and workers‚ the Democratic Government was not supported by the people. Furthermore‚ the economic
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of Tokugawa Japan and Qing China In the 18th century‚ the Qing founded by the Manchus was a large and very powerful empire between 1644-1912. During this period‚ the Qing was strong and prosperous. And the population kept growing. In the two outstanding emperors’ rule‚ the national territory got the widest range in history. But with the increasing of population‚ the Qing was without progress in basic technology‚ and gradually it made China become debilitated. Ultimately China was unable
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Naomi During the middle of the nineteenth century‚ Japan began frequently coming into contact western nations. Because of the backwardness of its feudal state system and military power in the initial age‚ Japan signed some unequal treaties with westerners. The Meiji Restoration and the industrial revolution were the ideologies that Japan learned from western nations. Meiji Restoration and the industrial revolution not only changed Japan’s infrastructure‚ it was also a culture revolution that created
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The Rise of Western Culture and Economy in Japan after World War II According to some scholars‚ a society’s culture determines its economic destiny. Before 1860‚ Japan had been isolated for over two centuries‚ and it was not until the aftermath of World War II when Japan was forced to ration food to extreme measures (Hiesinger 39)‚ the Japanese people’s fear of become a Western sub-colony coupled with “their flexible attitude towards cultural variance (Sparke 10)‚” ushered them into economic and
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constitutional monarchy. In modern-day Japan‚ the monarchy is‚ according to the constitution of Japan‚ ‘a symbol of the state and unity of the people’. Unlike China‚ Japan‚ at least officially‚ has had only one dynasty since the beginning of time (Beasley‚ 1999). There is a pattern followed in China’s where each dynasty has a stage of empire building‚ a stage of power or glory‚ and finally‚ a stage of decline. This pattern‚ however‚ is not apparent in Japan. The monarchy of Japan essentially consists of one
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China may surpass Japan to become the world’s biggest consumer of luxury goods by 2015‚ Commerce Minister Chen Deming said in Beijing today. Domestic consumption of high-end consumer goods gained 23 percent last year‚ Chen said at a press conference. The ranks of the wealthy in China‚ which last year surpassed Japan as the world’s second-biggest economy‚ are swelling as the nation experienced the fastest expansion of any major economy. That’s driving demand for products from companies including
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