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Restructuring the Chinese Freight Railway: Two Scenarios 中国货运铁路重组:两种情景
Asia and the Global Economy
Pub Date : 2021-01-01 DOI: 10.1016/j.aglobe.2021.100002
Shana Cui , Russell Pittman , Jian Zhao

Twenty years of debate regarding the restructuring of the Chinese freight railway have failed to yield a consensus. Early policy statements favoring the creation of above-the-rail competition over a monopoly infrastructure – the “European” model of rail restructuring – have broadened into a lively policy and scholarly debate that includes as an alternative the division of the system into competing vertically integrated railways – the “Americas” model of restructuring. To date, however, there have been no tangible reform steps beyond organizational restructuring, the construction of new coal railroads, some with private-sector participation, and the introduction of scheduled container service between China and Europe. In this paper we argue in favor of the Americas model as a basis for restructuring and offer two alternative scenarios for the creation of multiple vertically integrated freight railways. Both plans enable competition between independent firms and routes for import/export traffic, one a southern, One Belt, One Road path, the other a northern path via the Trans-Siberian Railway.

二十年来，关于中国货运铁路重组的争论未能达成共识。早期的政策声明倾向于在垄断基础设施上建立铁路上的竞争——“欧洲”铁路重组模式——已经扩大为一场活跃的政策和学术辩论，其中包括将铁路系统划分为相互竞争的垂直整合的铁路——“美洲”重组模式。然而，迄今为止，除了组织重组、建设新的煤炭铁路(其中一些铁路由私营部门参与)以及在中国和欧洲之间引入定期集装箱服务之外，没有任何切实的改革措施。在本文中，我们支持将美洲模式作为重组的基础，并为创建多个垂直整合货运铁路提供了两种替代方案。这两个计划都允许独立公司和进出口交通路线之间的竞争，一个是南方的“一带一路”，另一个是通过西伯利亚大铁路的北方路线。
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引用次数: 0
Looking into the rear-view mirror: Lessons from Japan for the Eurozone and the U.S? 回顾后视镜:日本给欧元区和美国的教训?
Asia and the Global Economy
Pub Date : 2021-01-01 DOI: 10.1016/j.aglobe.2021.100003
Pierre L. Siklos

This paper reconsiders the narratives surrounding Japan's economic performance since the 1980s in relation to the experiences of the U.S. and the Eurozone. There are important differences between these three economies and some striking parallels. It is found that the poor reputation of the Bank of Japan (BoJ) is, at times, underserved. To be sure, there were periods of excessive tightness in policy, but the same is true for the other two economies considered. Indeed, the BoJ has been more credible than the other two central banks considered at various times over the past three decades.

In addition, a look back at BoJ over the decades does not provide much support the hypothesis that a significant policy break translates into economic success. Instead, smaller changes are just as likely to lead to a tipping point with significant consequences. Indeed, some narrative-based significant regime shifts do not show in the data.

本文结合美国和欧元区的经验，重新考虑了围绕日本自20世纪80年代以来经济表现的叙述。这三个经济体之间存在重要差异，也有一些惊人的相似之处。人们发现，日本央行(BoJ)的不良声誉有时得不到应有的服务。诚然，有过政策过度紧缩的时期，但其他两个经济体也是如此。事实上，在过去30年的不同时期，日本央行比其他两家央行更可信。此外，回顾日本央行过去几十年的表现，并没有提供多少支持“重大政策突破会转化为经济成功”的假设。相反，较小的变化同样可能导致一个具有重大后果的临界点。事实上，一些以叙事为基础的重大政权转变并未体现在数据中。
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引用次数: 2
Current Trends in Global Production 全球生产的当前趋势
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-3
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引用次数: 0
Implications for the U.S. Economy 对美国经济的影响
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-5
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引用次数: 0
Epilogue: Seeking an Alternative to the Global Economy 结语:寻找全球经济的替代方案
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-10
J. Dougherty
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引用次数: 0
Conclusion: A Sociological Assessment of Divergent Perspectives 结论:对分歧视角的社会学评估
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-9
E. Gondolf
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引用次数: 0
A Case Study of the Steel Industry 钢铁行业的案例研究
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-4
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引用次数: 1
Origins of the Global Economy 全球经济的起源
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-2
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引用次数: 0
Proposals for Revitalization 振兴建议
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-8
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引用次数: 0
The Social Costs for Women and Blacks 妇女和黑人的社会成本
Asia and the Global Economy
Pub Date : 2019-07-09 DOI: 10.4324/9780429311321-7
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引用次数: 0
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