Chinese multinational enterprises (MNEs) have increasingly engaged in outward foreign direct investment in recent years, and particularly into the infrastructure sector of developing economies. This has been prompted by the infrastructure-led economic integration plan of China’s Belt and Road Initiative. However, such collaboration faces many challenges. Infrastructure projects are often undertaken in industries, countries, and regions posing particular and difficult challenges, and with divergent, often conflicting interests, with the ensuing conclusion that the MNE is simply exploiting the project and not delivering value to the host country. Overall, not only does the infrastructure project have to be well-functioning with expected returns (or savings) realized, but these projects face close scrutiny from local communities, labor, opposition parties, neighboring countries, and various international bodies and nonprofits, requiring delicate handling of the principals involved. The unfolding of these issues and their management by the multinational are examined through an in-depth longitudinal case study. The data are drawn from major participants and stakeholders around a leading Chinese MNE and the mega project of the construction of a major hydropower plant in Pakistan.
The recent coronavirus-19 pandemic has highlighted the need for a global digitally enabled healthcare advancement infrastructure to ease e-coverage in the future and reduce human losses, facilitating access to high-quality and cost-effective health solutions. As the concept of a virtual healthcare system is still premature, it would have required noteworthy speculation in technologies and an overhaul of most of the current classical healthcare infrastructure, policies, and systems around the globe. Aims and objectives: This study aims to create a viable autonomous virtual universal health care system to modify the comfort of health care through emerging digital and communication innovations to fulfil consumer needs. Methodology: This study falls under the fact-finding category, which encompasses an exploratory approach with literature examination, limited field visits with informal interviews with local key authorities, and an initial assessment of current circumstances to examine the possibility of application of virtual health coverage. Findings: This study discovered that it is imperative to organize and develop the prospected healthcare system at the country level to be governed by international organizations as speculatively it is functioning in comparative improved healthcare systems across the world, which should be based on special processing of the prospected six types of data with their operationalization to serve multidisciplinary bunches by e-governance and exchanges between distinctive measurements. It requires more dependence on digital infrastructure and learning materials through electronic resources and ordinary techniques. Among other effective components for the development of virtual health coverage, are the applications of digital technology, the middle utility of voice and brief advising framework, complex functionalities, and applications of fifth generations (5Gs) arranged into universal servers attached to GPS-appropriate for sound choice and high-quality measures. Recommendations: This study recommends the construction of a virtual healthcare system by utilizing the proposed Electronic domestic medical adviser, virtual clinics, or “e-health incubators” which will allow individuals to relate through the web rather than the face-to-face institutive fragmented structure systems.
This study updates Pereira and Pereira by revisiting the macroeconomic and budgetary effects of infrastructure investment in Portugal using a dataset from the Portuguese Ministry of the Economy covering 1980–2019, thereby capturing a period of austerity and decreased investment in the 2010s. A vector-autoregressive approach re-estimates the elasticity and marginal product of twelve infrastructure types on private investment, employment, and output. The most significant long-term accumulated effects on output accrue from investments in airports, ports, health, highways, water, and railroads. In contrast, those in municipal roads, electricity and gas, and refineries are statistically insignificant. All statistically significant infrastructure investments pay for themselves over time through additional tax revenues. Compared to the previous study, highways, water, and ports have more than doubled their estimated marginal products due to a significant increase in relative scarcity over the last decade. In addition, our analysis reveals an important shift in the impacts of infrastructure investment, now producing more substantial immediate effects but weaker long-term impacts. This change offers policymakers a powerful tool for short-term economic stimulus and is particularly useful in addressing immediate economic challenges.
Solid waste has become a major environmental concern globally in recent years due to the tremendous increase in waste generation. However, these wastes (e.g., plastics and agro-residues) can serve as potential raw materials for the production of value-added products such as composites at low cost. The utilization of these waste materials in the composite industry is a good strategy for maintaining the sustainability of resources with economic and environmental benefits. In this report, the environmental impacts and management strategies of solid waste materials are discussed in detail. The study described the benefits of recycling and reusing solid wastes (i.e., plastic and agro-waste). The report also reviewed the emerging fabrication approaches for natural particulate hybrid nanocomposite materials. The results of this survey reveal that the fabrication techniques employed in manufacturing composite materials could significantly influence the performance of the resulting composite products. Furthermore, some key areas have been identified for further investigation. Therefore, this report is a state-of-the-art review and stands out as a guide for academics and industrialists.
Infrastructure development is critical for sustaining Asia’s economic growth. Unfortunately, huge financing gaps—estimated by a recent Asian Development Bank study to be USD22.5 trillion—constrain the ability of most emerging Asian countries to fully realize the benefits of infrastructure development. For instance, over 70% of infrastructure investments in Asia are still funded by public resources, which pose acute financing challenges for many countries with limited budgets and fiscal constraints. This paper discusses some of the challenges associated with public financing of infrastructure projects in emerging Asian countries, before introducing some new options for alleviating their infrastructure investment needs. In particular, it proposes a new approach to infrastructure financing by utilizing the spillover effects of infrastructure investment, where additional revenues generated from such investment can be channeled back to investors as subsidy to increase the returns to their investment. The paper also argues the need for Asian countries to implement fiscal reforms and to develop a more balanced approach to financing, one that involves both the private and public sector.
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