The world economy needs a growth-lifting strategy, and infrastructure financing seems to hold the key. Based on the New Structural Economics (Lin, 2010; 2012) we discuss the heterogeneity of capital focusing on the long-term versus short-term orientation (STO). Traditional neoliberalism assumes that capital is homogenous, complete capital account liberalization is “beneficial”. However, previous studies have found evidence of long-term orientation (LTO) in the culture of many Asian economies (Hofstede, 1991). In this exploratory paper, we suggest that the LTO can be considered a special endowment which, under certain circumstances, can be developed into a comparative advantage (CA) in patient capital. If these countries can turn their latent CA into a revealed CA in patient capital, and develop the ability to “package” profitable and non-profitable projects in meaningful ways, they would have a “revealed” competitive advantage in infrastructure financing. The ability to “package” public infrastructure and private services is one of the key institutional factors for success in overseas cooperation.
The purpose of this study is to investigate whether the strategic orientations of organizations have an impact on the resilience levels of employees in the digitalized world. The sample for this research is based on the convenience sampling method. In this study, the sub-factors of strategic orientation, namely innovation, technological orientation, customer focus, and competitor focus, are examined, and their potential effects on resilience are analyzed. Our research emphasizes the importance of psychological resilience in organizations that undergo continuous changes due to the impact of digital transformation, as it enhances employee performance and has positive implications for firms. The field study associated with this research was conducted on 316 individuals working in the service sector in the context of Turkey. The data collected for the research were analyzed using SPSS 25 software. The research findings indicate that the components of strategic orientation have an impact on the levels of psychological resilience.
Homosexuality, as a sexual orientation, encompasses individuals who experience love and sexual desire exclusively towards individuals of the same sex. Those who identify with this sexual orientation are referred to as homosexuals. Recognizing that various sexual orientations are equally valid, it is important to understand that homosexuality is a complex phenomenon. This paper aims to shed light on the current state of homosexuality in China. It holds universal significance not only for promoting cultural diversity, protecting human rights, strengthening the legal framework, and advancing society, but also for the well-being and livelihood of this vulnerable group.
This study provides an empirical examination of the design and modification of China’s urban social security programme. In doing so, this study complements the popular assumption regarding the correlation between economic growth and social security development. Focusing on the economic and political motivations behind the ruling party’s decision to implement social security, this study first discusses the modification of urban social security and welfare in China. It then empirically demonstrates the mechanisms behind the system’s operation. This study proposes the following hypothesis: in a country like China, a change in the doctrine of the ruling party will affect government alliances, negating the positive impact of economic growth on the development of social security. In demonstrating this hypothesis, this study identifies a political precondition impacting the explanatory power of popular conceptions of social security development.
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