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The authors examine the price linkages among polyester (the dominant chemical fiber), cotton (the dominant natural fiber), and crude oil (the dominant energy commodity), based on monthly data between 1980 and 2002. The modeling framework incorporates several aspects of the unit root econometrics literature. They find that: a) There is strong co-movement between cotton and polyester prices, well above the co-movement observed between these two prices and prices of other primary commodities. b) Crude oil prices have a stronger effect on polyester prices compared with cotton prices. c) Price shocks originating in the polyester market are transmitted at much higher speed to the cotton market than vice-versa.
This book argues that the viability of many observed market and non-market interventions in agricultural products worldwide depends considerably on the underlying behaviour of the relevant commodity markets. Many of these policies have had distortive impacts, resulting in much discussion and controversy in the context of the World Trade Organization (WTO) Doha Round of trade negotiations.
In the textile industry, there is a pressing need for people who can facilitate the translation of creative solutions from designers into manufacturing language and data. The design technologist has to understand the elements and principles employed by designers and how these change for various textile media. One must also have a good understanding of the processes, materials and products for which the textile designer is required to produce creative solutions. This book will be for designers wishing to improve their technological knowledge, technologists wishing to understand the design process, and anyone else who seeks to work at this design-technology interface. Key Features: • Provides a comprehensive information about textile production, apparel production and the design aspects of both textile and apparel production. • Fills the traditional gap between design and manufacture changing with advanced technologies. • Includes brief summary of spinning, weaving, chemical processing and garmenting. • Facilitates translation of creative solutions from designers into manufacturing language and data. • Covers set of workshop activities.
The cotton processing industry is a distinct sector of China’s rural economy which recently underwent a momentous transition from plan to market. China is the world’s largest producer as well as consumer of cotton, and cotton processing links the agricultural production of this important commodity to China’s booming textile industry. Alpermann examines the political economy of the cotton processing industry, analyzes the process of cotton policy making and discusses reform outcomes on a national scale and the central state’s response. He then goes on to examine the implementation of economic transformation and institutional change in two traditional cotton-growing regions, looking at how local governments and the former monopolist cope with the changes brought about by marketization. Studying the cotton industry provides a lens through which to observe the changes in the way the state governs the economy during China’s transition and helps to assess the diverging claims about the nature of the political economy in China. As such China's Cotton Industry is an essential read for anyone studying Chinese business, econmics or politics.
The authors focus on policy interventions for improving irrigation water allocation decisions by including both macro and micro considerations in a unified analytical computable general equilibrium (CGE) framework. The approach is demonstrated, using the case of Morocco, by analyzing selected policy (top-down and bottom-up) interventions and external shocks that affect the water sector. Both direct and indirect effects of these interventions are identified. The top-down (macro-to-micro) links are of a trade reform type. The bottom-up (micro-to-macro) links pertain to changes in farm water assignments and the possibility of water trading. The authors find that water productivity is strongly influenced by these policies, with the general equilibrium (indirect) effects modifying and sometimes reversing the partial equilibrium (direct) effects. They also find that the impacts of the two reforms assessed are different, with trade reform having an absolute impact of a higher magnitude than the water reform. Finally, the authors show that the sequence of introducing the policy reforms has different consequences.
The objective of this paper is to provide an overview of the changes in the calculation of minimum regulatory capital requirements for credit risk that have been drafted by the Basel Committee on Banking Supervision (Basel II). Even though the revised credit capital rules represent a dramatic change compared to Basel I, it is shown that Basel II merely seeks to codify (albeit incompletely) existing good practices in bank risk measurement. However, its effective implementation in many developing countries is hindered by fundamental weaknesses in financial infrastructure that will need to be addressed as a priority.
"The authors examine the diverse prospects of innovative sectors in Beijing and Shanghai using available indicators and data collected for this study through surveys. Beijing is the first choice for companies locating in China, but foreign employees prefer Shanghai for living convenience and cultural amenities. While Shanghai lags behind Beijing in knowledge creation and the generation of startup companies in the innovative sectors, it takes the lead in the commercialization of technological innovations and the development of creative cultural industries. The municipal authorities of Beijing and Shanghai have improved the innovation environment of the cities, but certain elements still stunt the growth of innovative industries, which cannot be removed easily ... " -- Cover verso.
This pocket-sized reference on key environmental data for over 200 countries includes key indicators on agriculture, forestry, biodiversity, energy, emission and pollution, and water and sanitation. The volume helps establish a sound base of information to help set priorities and measure progress toward environmental sustainability goals.
"The authors examine the distributional implications of selective compliance in sample surveys, whereby households with different incomes are not equally likely to participate. They discuss poverty and inequality measurement implications for monotonically decreasing and inverted-U compliance-income relationships. The authors demonstrate that the latent income effect on the probability of compliance can be estimated from information on response rates across geographic areas. On implementing the method on the Current Population Survey for the United States, they find that the compliance probability falls monotonically as income rises. Correcting for non-response appreciably increases mean income and inequality, but has only a small impact on poverty incidence up to poverty lines common in the United States. "--World Bank web site.