Business Rankings Annual 2015

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Doing Business 2015

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464803528
Total Pages : 331 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2015 by : World Bank

Download or read book Doing Business 2015 written by World Bank and published by World Bank Publications. This book was released on 2014-10-24 with total page 331 pages. Available in PDF, EPUB and Kindle. Book excerpt: Twelfth in a series of annual reports comparing business regulation in 189 economies, Doing Business 2015 measures regulations affecting 10 areas of everyday business activity: Starting a business Dealing with construction permits Getting electricity Registering property Getting credit Protecting minority investors Paying taxes Trading across borders Enforcing contracts Resolving insolvency Labor market regulations This year's report will present data for a second city for the 11 economies with more than 100 million inhabitants. These are Bangladesh, Brazil, China, India, Indonesia, Japan, Mexico, Nigeria, Pakistan, the Russian Federation, and the United States. Three of the 10 topics covered have been expanded, with further plans to expand on five additional indicators in next year's report. Additionally, the Doing Business rankings are now based on the distance to the frontier measure where each economy is evaluated based on how close their business regulations are to the best global practices. This provides a more precise view of each economy's performance and its improvement over time. The report updates all indicators as of June 1, 2014, ranks economies on their overall 'ease of doing business,' and analyzes reforms to business regulation identifying which economies are strengthening their business environment the most. Doing Business illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank and IFC that garners worldwide attention on regulatory barriers to entrepreneurship. More than 60 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 2,000 articles in peer-reviewed academic journals since its inception.

Doing Business 2018

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464811474
Total Pages : 1217 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2018 by : World Bank

Download or read book Doing Business 2018 written by World Bank and published by World Bank Publications. This book was released on 2017-11-14 with total page 1217 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fifteen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2018 measures aspects of regulation affecting 10 areas of everyday business activity: • Starting a business • Dealing with construction permits • Getting electricity • Registering property • Getting credit • Protecting minority investors • Paying taxes • Trading across borders • Enforcing contracts • Resolving insolvency These areas are included in the distance to frontier score and ease of doing business ranking. Doing Business also measures features of labor market regulation, which is not included in these two measures. The report updates all indicators as of June 1, 2017, ranks economies on their overall “ease of doing business†?, and analyzes reforms to business regulation †“ identifying which economies are strengthening their business environment the most. Doing Business illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank Group that garners worldwide attention on regulatory barriers to entrepreneurship. More than 137 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground. In addition, the Doing Business data has generated over 2,182 articles in peer-reviewed academic journals since its inception. Data Notes; Distance to Frontier and Ease of Doing Business Ranking; and Summaries of Doing Business Reforms in 2016/17 can be downloaded separately from the Doing Business website.

Doing Business 2020

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464814414
Total Pages : 254 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2020 by : World Bank

Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.

2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Asean Economies

Author : Khee Giap Tan
Publisher : World Scientific
ISBN 13 : 9813273070
Total Pages : 277 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis 2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Asean Economies by : Khee Giap Tan

Download or read book 2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Asean Economies written by Khee Giap Tan and published by World Scientific. This book was released on 2018-11-27 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book titled 2017 Annual Competitiveness Analysis and Impact of Exchange Rates on Foreign Direct Investment Inflows to ASEAN Economies recount the development experience of ASEAN over the past 50 years, describe the long-term mega-trends which will shape ASEAN's development trajectory, and propose a development vision with actionable policy recommendations for ASEAN to become the fourth-largest economy in the world by 2030.Into its fifth edition, the book updates the annual economic competitive analysis for ASEAN-10 conducted by the Asia Competitiveness Institute (ACI). It also introduces an innovation to the institute's methodological framework which is the use of Shapley values to come up with objective weights for indicators, sub-environments and environments in the competitiveness index. This methodological innovation not only adds an element of objectivity in terms of the assignment of weights, but also validates the robustness of results obtained from the competitiveness studies over the past years.Recognising the importance of foreign direct investment (FDI) to growth and development in the region, the book also presents an empirical investigation of the drivers of FDI inflows, with specific focus on the effects of exchange rate and its volatility. For a group of economies looking to leverage on FDI and trade to transform themselves into the fourth-largest economy in the world, it is important for ASEAN to achieve high external competitiveness, especially in terms of the member states' real effective exchange rates (REER). These research findings make important academic and policy contributions by teasing out the relationship between REER levels, volatility and FDI in the ASEAN context.Finally, the book collates speeches by academics and policy-makers on issues of key interests to the future development of ASEAN. It contains the reflection on the ASEAN Charter by Professor Tommy Koh, Ambassador-at-Large at the Ministry of Foreign Affairs of Singapore. Moreover, the discussions on the One Belt One Road initiative and its implication for the region by Mr K Shanmugam, Minister for Home Affairs and Minister for Law of Singapore; and Professor Liew Mun Leong, Chairman of Surbana Jurong and Changi Airport Group as well as Provost Chair and Professor of NUS make this book a valuable compendium for policy-makers, thinkers, and anyone who has an interest in Southeast Asia and the Asia-Pacific.

2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Sub-national Economies Of Indonesia

Download 2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Sub-national Economies Of Indonesia PDF Online Free

Author : Khee Giap Tan
Publisher : World Scientific
ISBN 13 : 9813272295
Total Pages : 385 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis 2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Sub-national Economies Of Indonesia by : Khee Giap Tan

Download or read book 2017 Annual Competitiveness Analysis And Impact Of Exchange Rates On Foreign Direct Investment Inflows To Sub-national Economies Of Indonesia written by Khee Giap Tan and published by World Scientific. This book was released on 2018-11-30 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Indonesia's diverse economic landscape and growing importance in the global and regional stages warrant deeper understanding of the economy at sub-national levels. This book by the Asia Competitiveness Institute (ACI) is an update of ACI's annual study of the competitiveness landscape of 34 Indonesian provinces. With 100 indicators covering four environments and 12 sub-environments of competitiveness, the study's unique methodology incorporates comparative strengths and weaknesses, and 'what-if' policy simulations aimed at policy suggestions for each province.This fifth instalment will continue to feature a structure and graphical presentation that offer investors an overview of each province's competitiveness landscape. A novel addition to this update is the chapter co-authored by academics from Indonesian provinces, which details recent developments in 34 provinces of Indonesia. This latest edition also introduces a novel approach of weights assignment in the form of Shapley values as a robustness test to our findings. Additionally, a new appendix has been included which provides a richer visual representation of each province's competitiveness profile. Finally, our study on the impact of exchange rates on foreign direct investment inflows to the provinces of Indonesia is also featured as a chapter in this book.Coupled with practical insights and policy implications, this book is a recommended read for policymakers, researchers, and the general audience interested in Indonesia's economic development.

State Rankings 2016

Author : Kathleen O'Leary Morgan
Publisher : CQ Press
ISBN 13 : 1506351492
Total Pages : 1713 pages
Book Rating : 4.5/5 (63 download)

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Book Synopsis State Rankings 2016 by : Kathleen O'Leary Morgan

Download or read book State Rankings 2016 written by Kathleen O'Leary Morgan and published by CQ Press. This book was released on 2016-04-05 with total page 1713 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published annually, State Rankings features comprehensive state statistics making it easy to compare states across key measures in education, health, crime, transportation, taxes, government finance, and so much more. The editors compile useful statistics that would otherwise take an enormous amount of time to research making it a favorite resource on reference shelves throughout the United States and around the world. The rankings have been updated using specific methodology explained in the introduction. Geographic and data notes are also included to provide context. State Rankings compares every state and Washington, DC, in the following areas: - Agriculture - Population - Economy - Environment - Government finance - Crime - Education - Geography - Social welfare - Defense - Health - Energy - Housing

Business Ranking Annual

Author : Gale Group
Publisher : Gale Cengage
ISBN 13 : 9780787640255
Total Pages : 936 pages
Book Rating : 4.6/5 (42 download)

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Book Synopsis Business Ranking Annual by : Gale Group

Download or read book Business Ranking Annual written by Gale Group and published by Gale Cengage. This book was released on 2000-10 with total page 936 pages. Available in PDF, EPUB and Kindle. Book excerpt:

All In

Author : David Grayson
Publisher : Routledge
ISBN 13 : 1351001183
Total Pages : 216 pages
Book Rating : 4.3/5 (51 download)

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Book Synopsis All In by : David Grayson

Download or read book All In written by David Grayson and published by Routledge. This book was released on 2018-05-23 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by three leading thinkers in the field of sustainability, 'All In' defines the essential attributes of high-impact corporate sustainability leadership and describes how companies can combine and apply those characteristics for future success. All In draws on research involving thousands of experts globally as collected via the GlobeScan-SustainAbility Leaders Survey over two decades. The book also reveals insights from dozens of interviews with Chairs, CEOs and Chief Sustainability Officers of pioneering companies, including 3M, BASF, BP, DuPont, Google, GE, Huawei, IKEA, Interface, Marks Spencer, Natura, Nestle acute;, Nike, Novo Nordisk, Patagonia, Shell, Tata, Toyota, Unilever and Walmart, explaining how they have gained recognition, created value and boosted resiliency based on their sustainability leadership. All In also outlines what the private sector must do to lift sustainability performance, protect business's license to operate and help deliver the UN Sustainable Development Goals by 2030. This unique book, rich with quantitative and qualitative insights, offers current and aspiring business leaders a succinct overview of the most important developments and trends in corporate sustainability and responsible leadership. 'All In' will also appeal to others interested in why sustainability has become a critical mainstream business issue. With a foreword by Dan Hendrix, Chairman, Interface, and afterword by Paul Polman, CEO, Unilever.

Business Rankings Annual

Author : Gale Group
Publisher : Gale Cengage
ISBN 13 : 9780787624316
Total Pages : 956 pages
Book Rating : 4.6/5 (243 download)

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Book Synopsis Business Rankings Annual by : Gale Group

Download or read book Business Rankings Annual written by Gale Group and published by Gale Cengage. This book was released on 1998-11 with total page 956 pages. Available in PDF, EPUB and Kindle. Book excerpt: The staff of the Business Library of the Brooklyn Public Library answers more than 175,000 reference questions each year, many of them requests for rankings information. To provide quick answers to questions in the highest interest subject areas, we have compiled Business Rankings Annual. Working from a bibliographic file we have built up over the years, we have culled thousands of items from periodicals, newspapers, financial services, directories, statistical annuals and other printed material. The "top ten" from each of these rankings appears in this volume, grouped under standard subject headings for easy browsing. Typical entries provide: sequential entry number; rankings title: A descriptive phrase, identifying the contents of the list cited; ranked by: Indicates the criteria that establish the hierarchy; remarks: Provides additional details relating to the list from the source material; number listed: Notes the number of listees in the ranking source; top 10 items on the list; and source. Readers can quickly locate all rankings in which a given company; person or product appears by consulting the reference's comprehensive index. In addition, a complete listing of more than 300 sources used to compile Business Rankings Annual is provided in the bibliography.

2014 Annual Competitiveness Ranking And Simulation Study For Asean-10 And Development Strategies To Enhance Asia Economic Connectivity

Download 2014 Annual Competitiveness Ranking And Simulation Study For Asean-10 And Development Strategies To Enhance Asia Economic Connectivity PDF Online Free

Author : Khee Giap Tan
Publisher : World Scientific
ISBN 13 : 9813109726
Total Pages : 399 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis 2014 Annual Competitiveness Ranking And Simulation Study For Asean-10 And Development Strategies To Enhance Asia Economic Connectivity by : Khee Giap Tan

Download or read book 2014 Annual Competitiveness Ranking And Simulation Study For Asean-10 And Development Strategies To Enhance Asia Economic Connectivity written by Khee Giap Tan and published by World Scientific. This book was released on 2016-07-14 with total page 399 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the launch of the ASEAN Economic Community in December 2015, ASEAN is at a crossroads once again. Having braved through various crises since its establishment in 1967, how can ASEAN leverage on increasing integration to maintain its growth momentum in the pursuit of greater competitiveness and prosperity? Combining leading-edge research methodologies with an extensive database, the Asia Competitiveness Institute (ACI) at Lee Kuan Yew School of Public Policy, National University of Singapore, has evaluated and tracked competitiveness for the ten ASEAN members annually since 2000. In this second edition, the competitiveness ranking and simulation study for the ASEAN-10 economies are improved and updated with 121 indicators across four environments. The Geweke causality analysis is employed to offer deeper insights into the transitional economies as well as the top performers in the region. These novel empirical frameworks are placed within the overarching strategic thrust of the ASEAN-centric Asia Economic Connectivity Vision 2030 which encompasses astute workable policies through five broad proposals for furthering regional economic cooperation in Asia.

Business Model Pioneers

Author : Kai-Ingo Voigt
Publisher : Springer
ISBN 13 : 3319388452
Total Pages : 215 pages
Book Rating : 4.3/5 (193 download)

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Book Synopsis Business Model Pioneers by : Kai-Ingo Voigt

Download or read book Business Model Pioneers written by Kai-Ingo Voigt and published by Springer. This book was released on 2016-07-28 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: Business model innovations are conceived and implemented by a special type of entrepreneur: business model pioneers. This book presents 14 compelling case studies of business model pioneers and their companies, who have successfully introduced new business ideas to the market. The examples range from industries such as retail, media and entertainment to services and industrial projects. For each example, the book provides information on the market environment at the time of launch and illustrates the driving forces behind these business models. Moreover, current market developments are highlighted and linked to the evolution of the business models. Lastly, the authors present the profile of a typical business model pioneer.

AngloArabia

Author : David Wearing
Publisher : John Wiley & Sons
ISBN 13 : 1509532064
Total Pages : 240 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis AngloArabia by : David Wearing

Download or read book AngloArabia written by David Wearing and published by John Wiley & Sons. This book was released on 2018-11-26 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: UK ties with Saudi Arabia and the other Gulf monarchies are under the spotlight as never before. Huge controversy surrounds Britain’s alliances with these deeply repressive regimes, and the UK’s key supporting role in the disastrous Saudi-led intervention in Yemen has lent added urgency to the debate. What lies behind the British government’s decision to place politics before principles in the Gulf? Why have Anglo-Arabian relations grown even closer in recent years, despite ongoing, egregious human rights violations? In this ground-breaking analysis, David Wearing argues that the Gulf Arab monarchies constitute the UK’s most important and lucrative alliances in the global south. They are central both to the British government’s ambitions to retain its status in the world system, and to its post-Brexit economic strategy. Exploring the complex and intertwined structures of UK-Gulf relations in trade and investment, arms sales and military cooperation, and energy, Wearing shines a light on the shocking lengths to which the British state has gone in order to support these regimes. As these issues continue to make the headlines, this book lifts the lid on ‘AngloArabia’ and what’s at stake for both sides.

Doing Business 2019

Author : World Bank
Publisher : World Bank Publications
ISBN 13 : 1464813388
Total Pages : 1734 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Doing Business 2019 by : World Bank

Download or read book Doing Business 2019 written by World Bank and published by World Bank Publications. This book was released on 2018-11-30 with total page 1734 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sixteenth in a series of annual reports comparing business regulation in 190 economies, Doing Business 2019 measures aspects of regulation affecting 10 areas of everyday business activity: • Starting a business • Dealing with construction permits • Getting electricity • Registering property • Getting credit • Protecting minority investors • Paying taxes • Trading across borders • Enforcing contracts • Resolving insolvency These areas are included in the distance to frontier score and ease of doing business ranking. Doing Business also measures features of labor market regulation, which is not included in these two measures. This edition also presents the findings of the pilot indicator entitled 'Contracting with the Government,' which aims at benchmarking the efficiency, quality and transparency of public procurement systems worldwide. The report updates all indicators as of May 1, 2018, ranks economies on their overall 'ease of doing business', and analyzes reforms to business regulation -- identifying which economies are strengthening their business environment the most. Doing Business illustrates how reforms in business regulations are being used to analyze economic outcomes for domestic entrepreneurs and for the wider economy. It is a flagship product produced in partnership by the World Bank Group that garners worldwide attention on regulatory barriers to entrepreneurship. Almost 140 economies have used the Doing Business indicators to shape reform agendas and monitor improvements on the ground.

Inaugural 2016 Ease Of Doing Business Index On Attractiveness To Investors, Business Friendliness And Competitive Policies (Edb Index Abc) For 21 Sub-national Economies Of India

Download Inaugural 2016 Ease Of Doing Business Index On Attractiveness To Investors, Business Friendliness And Competitive Policies (Edb Index Abc) For 21 Sub-national Economies Of India PDF Online Free

Author : Khee Giap Tan
Publisher : World Scientific
ISBN 13 : 9813226862
Total Pages : 403 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis Inaugural 2016 Ease Of Doing Business Index On Attractiveness To Investors, Business Friendliness And Competitive Policies (Edb Index Abc) For 21 Sub-national Economies Of India by : Khee Giap Tan

Download or read book Inaugural 2016 Ease Of Doing Business Index On Attractiveness To Investors, Business Friendliness And Competitive Policies (Edb Index Abc) For 21 Sub-national Economies Of India written by Khee Giap Tan and published by World Scientific. This book was released on 2017-10-17 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book by the Asia Competitiveness Institute introduces a new ease of doing business index that aims to allow for a better approximation of ease of doing business conditions in India's sub-national economies. The approach takes into account three major aspects of doing business, namely (a) Attractiveness to Investors, (b) Business Friendliness, and (c) Competitive Policies. The bottom-up approach considers the various operational issues that firms face at the ground level, with the emphasis being on de facto issues.The analysis provided in the book not only stands up to academic scrutiny as it is grounded in rigorous methodological foundations, but also remains accessible and appealing to policymakers with the co-authors recommending appropriate policy interventions to improve the ease of doing business of India's sub-national economies.

The Market for Learning

Author : Hamish Coates
Publisher : Springer
ISBN 13 : 9811028737
Total Pages : 173 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis The Market for Learning by : Hamish Coates

Download or read book The Market for Learning written by Hamish Coates and published by Springer. This book was released on 2016-10-29 with total page 173 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improving transparency is critical to the future of higher education. This book articulates the role and necessity of transparency to creating substantial opportunities for innovation and transformation. Current global crises imperil exactly the kinds of progress higher education has helped to create. The sector must contribute now like never before. But it must put its own house in order first, and do a better job conveying its value and transformative potential. The book offers a transparency roadmap: it reveals the pressures reshaping higher education, clarifies the value and nature of transparency, examines emerging reporting platforms, reviews improvement opportunities for students, faculty, institutions and systems, and forecasts how to engineer important next steps. The text synthesises diverse theoretical and empirical perspectives, incorporating analysis of quality and productivity, academic work and leadership, indicators and metrics, commercial trends and institutional models, as well as student learning and outcomes. It creates new futures for higher education by integrating and opening up issues that have been confined largely to insiders.

The Challenge of BRIC Multinationals

Author : Rob van Tulder
Publisher : Emerald Group Publishing
ISBN 13 : 1786353490
Total Pages : 697 pages
Book Rating : 4.7/5 (863 download)

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Book Synopsis The Challenge of BRIC Multinationals by : Rob van Tulder

Download or read book The Challenge of BRIC Multinationals written by Rob van Tulder and published by Emerald Group Publishing. This book was released on 2016-11-23 with total page 697 pages. Available in PDF, EPUB and Kindle. Book excerpt: This PIBR volume examines a number of idiosyncratic elements in the internationalization strategies of BRIC MNEs and, in particular, in their relationship with home country policies.

Impact Estimation Of Exchange Rates On Exports And Annual Update Of Competitiveness Analysis For 34 Greater China Economies

Author : Khee Giap Tan
Publisher : World Scientific
ISBN 13 : 9811207895
Total Pages : 271 pages
Book Rating : 4.8/5 (112 download)

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Book Synopsis Impact Estimation Of Exchange Rates On Exports And Annual Update Of Competitiveness Analysis For 34 Greater China Economies by : Khee Giap Tan

Download or read book Impact Estimation Of Exchange Rates On Exports And Annual Update Of Competitiveness Analysis For 34 Greater China Economies written by Khee Giap Tan and published by World Scientific. This book was released on 2019-11-15 with total page 271 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese economy has been playing an increasingly significant role on the global stage. This book is the sixth annual project of Asia Competitiveness Institute studying competitiveness at the sub-national level of Greater China. ACI's flagship competitiveness study not only adopts a comprehensive framework to measure competitiveness by incorporating 102 indicators under four environments and 11 sub-environments, but is also undertaken at the sub-national level to account for the considerable disparities within a large economy like Greater China. The comparative strengths and weaknesses based on the scores and rankings as well as the what-if simulation analysis can be used to formulate development strategies that are specific and of practical value for each sub-national economy and region.The Shapley methodology adopted by ACI introduces a novel approach for the assignment of weights to the various indicators that constitute competitiveness. This concept has introduced an element of objectivity in terms of the assignment of weights. The findings using the Shapley value also tend to validate the robustness of results obtained from the competitiveness studies over the past years.Moreover, the empirical research featured in this book attempts to understand the drivers of exports of Mainland China provinces, with a specific focus on real effective exchange rate movements and volatility. Nowadays with the international flows of goods and capital becoming ubiquitous and comprising an important aspect of national competitiveness, the role of exchange rate is drawing much more policy attention. In view of this, the research findings presented in this book make an important academic and policy contribution by empirically examining the relationship between exports and exchange rate.Finally, the timing of this publication makes it indispensable to include some dedicated discussions of the trade disputes between the US and China. Several topics would be discussed in this book, including China's protection on Intellectual Property Rights, its violation of World Trade Organisation rules, challenges to its economic growth, the development of its three regional megalopolises, and how to mitigate the impact and ramification of its trade war against the US. This book attempts to identify the growing concerns in the US-China trade tension and provide suggestions for China's development in the future.