Japan’s investment in the domestic construction industry has fallen to less than half its peak in 1992. Given the country’s declining population, Japanese construction companies must go global to remain profitable. To what extent the Japanese government and Japanese companies can contribute to meeting the growing infrastructure needs in the region is unclear as Japanese companies have long been operating primarily in Japan. The Japanese government has in recent years passed a series of new laws that encourage private sector participation in financing, building and operating public infrastructure. Through involvement in such public projects, Japanese companies have developed the skills and technologies to build a variety of infrastructures that are resilient to natural disasters and adaptable to various geographical conditions and social and economic development. But the major challenge for Japanese companies is to transform their business model drastically from one that relies on the domestic market to one that contributes to the social and economic development of third countries.
This paper uses Public Choice analysis to examine the case for and experience with Public-Private Partnerships (PPPs). A PPP is a contractual platform which connects a governmental body and a private entity. The goal is to provide a public sector program, service, or asset that would normally be provided exclusively by a public sector entity. This paper focuses on PPPs in developed countries, but it also draws on studies of PPPs in developing countries. The economics literature generally defines PPPs as long-term contractual arrangements between a public authority (local or central government) and a private supplier for the delivery of services. The private sector supplier takes responsibility for building infrastructure components, securing financing of the investment, and then managing and maintaining this facility.
However, in addition to those formed through contracts, PPPs may take other forms such as those developed in response to tax subvention or coercion, as in the case of regulatory mandates. A key element of PPP is that the private partner takes on a significant portion of the risk through a schedule of specified remuneration, contingency payments, and provision for dispute resolution. PPPs typically are long-term arrangements and involve large corporations on the private side, but may also be limited to specific phases of a project.
The types of PPPs discussed in this paper exclude arrangements which may result from government mandates such as the statutory emission mandates imposed on automobile manufacturers and industrial facilities (e.g., power plants). It also excludes PPP-like organizations resulting from US section 501(c)(3) of the Internal Revenue Code, which provides tax subsidies for certain public charities, scientific research organizations, and organizations whose goals are to prevent cruelty to animals or erect public monuments at no expense to the government. This paper concludes that an array of Public Choice tools are applicable to understanding the emergence, success, or failure of PPPs. Several short case studies are provided to illustrate the practicalities of PPPs.
Using a newly-developed data set for Portugal, we analyze the industry-level effects of infrastructure investment. Focusing on the divide between traded and non-traded industries, we find that infrastructure investments have a non-traded bias, as these shift the industry mix towards private and public services. We also find that the industries that benefit the most in relative terms are all non-traded: construction, trade, and real estate, among the private services, and education and health, among the public services. Similarly, emerging trading sectors, such as hospitality and professional services, stand to gain. The positive impacts on traded industries are too small to make a difference. These results highlight that infrastructure-based strategies are not neutral in terms of the industry mix. Moreover, with most of the benefits accruing to non-traded industries, such a development model that is heavily based on domestic demand may be unsustainable in light of Portugal’s current foreign account position.
Heat recovery is one of the measures proposed for the appropriate use of ammonia in tropical countries. This article analyzes a heat recovery system installed in an industrial refrigeration plant. Based on comparative readings of operating parameters of the installation, determined the effectiveness of the heat exchange, the increase in the efficiency of the refrigeration system, as well as the fuel saved by heating water in the industry. The results obtained reported that the thermal design based on heat exchange in annular spaces allows a significant saving of resources and a high rate of thermal utilization.
Taking the geographic information industry as the research object, using the authorized invention patent data, this paper puts forward the research method of industrial innovation chain structure based on the geographic information industry chain. Then, from the perspective of overall structure and specific regional structure, the development status of the innovation chain is quantitatively evaluated, which is helpful to all countries in the world. The structural integrity and leading links of the innovation chain especially in China, the United States and Japan are compared and analyzed. The results show that: (1) from the perspective of the overall structure, the global innovation chain presents an “inverted triangle” structure due to the weak innovation ability of downstream links. From the perspective of specific regional structure, the innovation chain of geographic information industry in most countries and regions is incomplete, and there are broken links or isolated links. The global innovation chain except China has cracks between the upstream and downstream due to the relative weakness of the midstream links, showing “hourglass-shaped” structure with a wide upper part, narrow lower part and narrow middle part. (2) Relatively speaking, China’s industrial innovation chain is relatively complete, and the midstream link has significant comparative advantages in the global market. However, the industry university research cooperation in the innovation chain is weak, the degree of marketization is low, and the technological competitiveness lags behind that of the United States.
The application of nanotechnology in the food industry enables prioritization of consumers’ needs. Nanotechnology has the ability to provide new forms of control on food structure; therefore, this technology has higher industrial value. This paper briefly introduces the main concepts of nanotechnology and its correlation with size reduction performance. This paper also introduces the main nanobjects and their potential applications in food, and summarizes various studies and their applications in food industry.
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