Codeship: Financing growth: Case study and Teaching note

A Work Project, presented as part of the requirements for the Award of a Masters Degree in Management from the NOVA – School of Business and Economics

Réinventer la stratégie d’affirmation de puissance dans le contexte post-Guerre froide : la réponse de la Chine à l’hégémonie américaine

Ce mémoire analyse la stratégie d’affirmation de puissance mise en oeuvre par la Chine dans le contexte post-Guerre froide, caractérisé par la seule superpuissance des États-Unis, en utilisant le cadre théorique du réalisme offensif. Challenger désigné des États-Unis, la Chine a basculé dans le 21ème siècle avec un défi important à relever. La prépondérance américaine continue d’être une donnée essentielle dans le système politique mondial. Les États-Unis produisent plus du quart du total de l’économie mondiale et comptent pour près de la moitié des dépenses militaires. La Chine, de son côté, avec ses 1.3 milliards d’habitants, une croissance économique quasiexponentielle, dotée d’un arsenal nucléaire conventionnel, est la principale puissance émergente, avec le potentiel de rivaliser avec les États-Unis dans les affaires mondiales. Mais, vu l’énorme écart qui les sépare, pour la Chine la question de l’hégémonie américaine se pose sous la forme d’une équation dont la seule variable connue est le potentiel de l’adversaire à affronter. Le principal problème auquel la Chine est confrontée est dès lors sa capacité de penser une stratégie sans toutefois courir le risque de provoquer la seule superpuissance du globe. Par conséquent, cette étude analyse les politiques et actions stratégiques développées par la Chine à la lumière des contraintes que lui impose un environnement international peu favorable. Elle s’intéresse en particulier à la manière dont Beijing a su exploiter avec maestria une des armes les plus redoutables de l’ère post-Guerre froide, sa puissance économique, afin de consolider son ascension au rang de grande puissance. Elle soutient que, tenant compte d’un retard considérable à combler, la Chine a entrepris de balancer la superpuissance américaine d’une manière pragmatique. A cet effet, elle a conçu une stratégie qui comprend deux grands piliers : sur le plan interne, des réformes économiques et militaires ; sur le plan externe, une diplomatie agressive et efficace en adéquation avec ses ambitions de puissance. Nous concluons qu’une telle stratégie vise à éviter à la Chine pour le moment tout risque de confrontation directe qui aurait pour principal effet de nuire à son ascension. Cependant, à mesure que sa puissance s’accroît, elle pourrait afficher une posture plus agressive, quitte à engager également, avec la seule superpuissance du monde, des compétitions de nature sécuritaire en Asie et au-delà de cette région.

Rôle du stress oxydant en période néonatale dans l'hypertension artérielle et la dysfonction vasculaire et métabolique de l'adulte

Thèse réalisée dans le cadre d'une cotutelle entre l'Université de Montréal et l'Université d'Auvergne en France

Reproduction recovery of the crustacean Daphnia magna after chronic exposure to ibuprofen

In mammals, the pharmaceutical ibuprofen (IB), a non-steroidal anti-inflammatory drug, primarily functions by reversibly inhibiting the cyclooxygenase (COX) pathway in the synthesis of eicosanoids (e.g. prostaglandins). Previous studies suggest that IB may act in a similar manner to interrupt production of eicosanoids reducing reproduction in the model crustacean Daphnia magna. On this basis withdrawal of IB should lead to the recovery of D. magna reproduction. Here we test whether the effect of IB is reversible in D. magna, as it is in mammals, by observing reproduction recovery following chronic exposure. D. magna (5-days old) were exposed to a range of IB concentrations (0, 20, 40 and 80 mg l(-1)) for 10 days followed by a 10 day recovery period in uncontaminated water. During the exposure period, individuals exposed to higher concentrations produced significantly fewer offspring. Thereafter, IB-stressed individuals produced offspring faster during recovery, having similar average population growth rates (PGR) (1.15-1.28) to controls by the end of the test. It appears that maternal daphnids are susceptible to IB during egg maturation. This is the first recorded recovery of reproduction in aquatic invertebrates that suffered reproductive inhibition during chronic exposure to a chemical stressor. Our results suggest a possible theory behind the compensatory fecundity that we referred to as 'catch-up reproduction'.

Productivity of nations: a stochastic frontier approach to TFP decomposition

This Paper Tackles the Problem of Aggregate Tfp Measurement Using Stochastic Frontier Analysis (Sfa). Data From Penn World Table 6.1 are Used to Estimate a World Production Frontier For a Sample of 75 Countries Over a Long Period (1950-2000) Taking Advantage of the Model Offered By Battese and Coelli (1992). We Also Apply the Decomposition of Tfp Suggested By Bauer (1990) and Kumbhakar (2000) to a Smaller Sample of 36 Countries Over the Period 1970-2000 in Order to Evaluate the Effects of Changes in Efficiency (Technical and Allocative), Scale Effects and Technical Change. This Allows Us to Analyze the Role of Productivity and Its Components in Economic Growth of Developed and Developing Nations in Addition to the Importance of Factor Accumulation. Although not Much Explored in the Study of Economic Growth, Frontier Techniques Seem to Be of Particular Interest For That Purpose Since the Separation of Efficiency Effects and Technical Change Has a Direct Interpretation in Terms of the Catch-Up Debate. The Estimated Technical Efficiency Scores Reveal the Efficiency of Nations in the Production of Non Tradable Goods Since the Gdp Series Used is Ppp-Adjusted. We Also Provide a Second Set of Efficiency Scores Corrected in Order to Reveal Efficiency in the Production of Tradable Goods and Rank Them. When Compared to the Rankings of Productivity Indexes Offered By Non-Frontier Studies of Hall and Jones (1996) and Islam (1995) Our Ranking Shows a Somewhat More Intuitive Order of Countries. Rankings of the Technical Change and Scale Effects Components of Tfp Change are Also Very Intuitive. We Also Show That Productivity is Responsible For Virtually All the Differences of Performance Between Developed and Developing Countries in Terms of Rates of Growth of Income Per Worker. More Important, We Find That Changes in Allocative Efficiency Play a Crucial Role in Explaining Differences in the Productivity of Developed and Developing Nations, Even Larger Than the One Played By the Technology Gap

From old to new developmentalism in Latin America

O fracasso do consenso de Washington e das políticas macroeconômicas, baseadas em altas taxas de juros e taxas de câmbio não-competitivas para promover o crescimento da economia, levou os países da América Latina a formularem estratégias nacionais de desenvolvimento. O novo desenvolvimentismo é uma estratégia alternativa não apenas à ortodoxia convencional, mas também ao antigo nacional-desenvolvimentismo latino-americano. Enquanto o antigo nacional desenvolvimentismo era baseado na tendência à deterioração dos termos de troca e, adotando uma abordagem microeconômica, propunha planejamento econômico e industrialização, o novo nacional-desenvolvimentismo pressupõe que a industrialização foi alcançada, apesar de em diferentes estágios em cada país, e argumenta que, para assegurar rápidas taxas de crescimento e o catch up, a tendência que deve ser neutralizada é a da sobrevalorização da taxa de câmbio. Contrariamente à economia convencional, um estado capaz continua sendo o instrumento chave para assegurar o desenvolvimento econômico, a política industrial continua sendo necessária; mas o que distingue a nova abordagem é principalmente o crescimento com poupança interna, ao invés de com poupança externa. Uma política macroeconômica baseada em taxas de juros moderadas e uma taxa de câmbio competitiva, e não altas taxas de juros e moeda sobreapreciada conforme recomenda a ortodoxia convencional.

Estratrégias empresariais no setor avícola: estudo comparativo de duas regiões produtoras

Essa tese analisa dois temas muito relevantes: o processo estratégico enfrentado pelas firmas líderes do segmento produtor de aves durante os anos 80 e a possibilidade de firmas emergentes situadas em regiões que experimentaram intensos processos desenvolvimentistas alcançarem a fronteira tecnológica a partir de 'Janelas de oportunidades" específicas. A idéia desenvolvida foi a de comparar as condições de emergência e desenvolvimento das indústrias de aves da região Sul com aquelas que deram origem à implantação de projetos avícolas na porção sulmatogrossense.

Macroeconomia estruturalista do desenvolvimento

Structuralist development macroeconomics. This paper presents some basic ideas and models of a structuralist development macroeconomics (the tendencies to the overvaluation of the exchange rate and the tendency of wages to grow below productivity, the critique of growth with foreign savings, and a new model of the Dutch disease) that complement and actualize the thought of the Latin-American structuralist school that developed around ECLAC from the late 1940s to the 1960s. On the other hand, it suggests that a new national development strategy based on the experience of fast growing Asian countries is emerging; and argues that only the countries that adopt such strategy based on growth with domestic savings, fiscal and foreign trade responsibility and a competitive exchange rate will be able to catch up.

Structural Transformation and Productivity in Latin America

We investigate the role of sectorial differences in labor productivity and the process of structural transformation (reallocation of labor across sectors) in accounting for the time path of aggregate productivity across six Latin American countries (Brazil, Chile, Argentina, Colombia, Mexico and Venezuela) from 1950 to 2003. We used a general equilibrium model with three sectors (agriculture, industry and services) calibrated to those six economies. The model is used to compare the trajectory of productivity in each sector of activity with that of the United States and it impact on aggregate productivity.While in Brazil and Argentina, the Service Sector was responsible for reversing the process of catch up in productivity that occurred until the 1980s, in others, like Colombia, Mexico and Venezuela, low productivity growth of the three sectors explain their poor performance.

Brazil’s 35 years-old quasi-stagnation: facts and theory

Brazil is growing around 1% per capita a year from 1981; this means for a country that is supposed to catch up, quasi-stagnation. Four historical new facts explain why growth was so low after the Real Plan: the reduction of public savings, and three facts that reduce private investments: the end of the unlimited supply of labor, a very high interest rate, and the 1990 dismantling of the mechanism that neutralized the Dutch disease, which represented a major competitive disadvantage for the manufacturing industry. New-developmental theory offers an explanation and two solutions for the problem, but does not underestimate the political economy problems involved

No tempo dos brotos: juventude e diversão em Petrópolis e no Tirol (1945-1960)

The urban growth of Rio Grande do Norte capital gave his boldest step in the three earlier decades of the twentieth century seeking to catch up with foreign metropolis and also most developed Brazilian cities, for example, Rio de Janeiro. Novelties were such bulky that we can notice the rise of a new city which in many aspects superseded that one considered provincial by local intelligentsia. These urban interferences scratched city ground leaving indelible marks until the present day. The exacerbated growth of the city related to the 1940s, when Natal begins hosting the largest allied military base outside United States in the advent of World War II is important at a time when the city´s population doubled. The emergence of new leisure institutions, amidst already existing ones, continued marking the places as sociabilities and leisure permeated with meanings and representations are revealed. This work sought to know the sociability of Tirol and Petrópolis neighborhoods in Natal, in the period from 1945 to 1960, when the city witnesses the consolidation of a market increasingly focused on leisure and young people start to have a special participation in this process.

Breeding Latin American tigers: operational principles for rehabilitating industrial policies

Includes bibliography

The comparative advantage fallacy and a rule for convergence

Includes bibliography

The 2002 European registry of cardiac catheter interventions

OBJECTIVE: The tradition of yearly reports on cardiac catheter interventions in Europe has been initiated in 1992. This 11th report presents aggregated data on cardiac catheter procedures in 30 European countries in the year 2002. DESIGN AND SETTING: A detailed questionnaire addressing summary data of all cardiac interventions was mailed to presidents or delegates of the national societies of cardiology in Europe. The questionnaire was distributed to all institutions with cardiac catheterisation programs. All questionnaires were compiled in a national summary data sheet, then entered into a central database and subsequently analysed. MAIN OUTCOME MEASURES: Coronary angiography, PTCA, and stenting in absolute numbers and per million inhabitants in the participating countries and the whole of Europe. RESULTS: Overall, 1,901,932 coronary angiograms were reported. The population-adjusted rate of coronary angiograms amounted to an absolute mean of 3358 per 10(6) inhabitants, an increase of 7% compared with 2001. A total of 686,869 PTCA procedures were reported. The mean European number of PTCAs per 10(6) inhabitants increased by 10% from 1103 in 2001 to 1213 in 2002. Procedures with stenting increased by 17% from 508,999 to 593,906. The stenting rate was 86% compared with 82% in 2001. CONCLUSIONS: In pace with epidemiological demand and the need to catch-up from underuse in certain countries, a continuous and considerable growth of coronary interventions can be observed. It will take years to find out whether the announced change of paradigm in the treatment of multivessel disease in the wake of drug-eluting stents will come true.

Protein deficiency and the growing rat lung. I. Nutritional findings and related lung volumes

We investigated the consequences of early malnutrition on milk production by dams and on body weight and structural lung growth of young rats using two models of protein restriction. Dams of the early restriction group were fed an 8% casein diet starting at parturition. Those of the delayed restriction group received a 12% casein diet from lactation d 8-14 and thereafter the 8% diet. After weaning, early restriction and delayed restriction group rats were maintained on low protein until d 49, then refed the control diet (18% casein) up to d 126. Milk was analyzed on d 12. Animals were killed at d 21, 49, and 126 for lung fixation in situ. In this report, we show that protein restriction lowered milk yield to 38% of normal. Milk lipid per gram of dry weight tended to be increased, whereas lactose and protein were significantly decreased. Pups from protein-restricted dams grew less and had lower lung volumes, effects being more serious at d 49. However, specific lung volumes (in milliliters per 100 g body weight) were constantly increased. This means that lung was either less affected than body mass or overdistended due to less connective tissue. After refeeding, both groups showed a remarkable catch-up in growth with restoration of the normal allometric relationship between lung volume and body weight. Thus, even after an early onset of protein restriction to total body, the lung is still capable to substantially recover from growth retardation.