Financial Innovations and Its Effects on Economic System | Chapter 23 | Theoretical Key Issues and Practical Development Trends of China’s Digital Economy

In recent years, as China's economy has transitioned from a high-speed growth phase to a high-quality development phase, financial innovation has been recognized as one of the key drivers for economic advancement. The 19th National Congress of the Communist Party of China (CPC) outlined crucial strategies for promoting high-quality economic development, with financial innovation being regarded as a pivotal means to achieve this objective. Against this backdrop, conducting in-depth research on the impact of financial innovation within the financial system on economic advancement is of significant importance.

 In China, financial innovation has emerged as a critical driving force for promoting economic development and enhancing economic quality. The Chinese government actively promotes financial reform and innovation, striving to build a more open, transparent, and robust financial system to enhance the capacity of financial services for the real economy. This effort aims to accelerate the transformation of the economic development model and achieve high-quality economic development. Nevertheless, the mechanisms through which financial innovation impacts the economy remain not fully understood, necessitating further investigation.

This study aims to systematically review and empirically analyze the impact of financial innovation on China's high-quality economic development. Through this research, the theoretical foundations and decision-making support were provided to guide financial innovation, expedite the construction of a financially strong nation, and promote high-quality development. This paper identifies the positive impact and important role of financial innovation on economic growth and puts forward relevant suggestions to decision-makers.

 

Author (s) Details

Jiacheng Lyu
Shexian No. 1 Middle School, Handan, 056400, China.

 

Yingbo Lyu
Shexian Communist Party School, Handan, 056400, China.

 

Wenbo Lyu
Saxo Fintech Business School, University of Sanya, Sanya, 572000, China.

 

Please see the book here:- https://doi.org/10.9734/bpi/mono/978-93-48388-89-6/CH23

Exploring Public Perception and Adoption of Cryptocurrency: Implications for Sustainable Financial Innovation | Chapter 3 | Contemporary Research in Business, Management and Economics Vol. 3

 Since unprecedented pandemic, the emergence of sustainable economy across the globe is the call of the hour. The new paradigms in the financial sphere have been witnessing a sea-change through digitalized payment mechanism in term of currency. The need for financial transformation revolutionising financial sector is intricately embedded within the layers of crypto currency - the silver line of financial digital platform. The paper attempts to understand the perception of common people about the crypto currency practices and how well crypto currency practices acts as a mediator of new financial trend of the economy. Present day organisations confront twin dimension of changes and challenges. Literature of the study revolves around in the areas of opportunities, thematic review, new investment avenues, role of central bank, innovation and regulation and double spending aspects, public intervention, economic impact – all pertaining to crypto currency. The overall objective of the study is to understand the level of perception among the general public about crypto currency as an effective sustainable tool of digitalized transaction mechanism for coming years. The study focuses to identify the perception level of crypto currency concept and traits, crypto currency operation, crypto currency adoption level and trend in the present economy. The research design is exploratory in nature and involves usage of primary and secondary data. The primary data collection is done through non probabilistic convenience sampling techniques. Data has been collected and complied with the application of Likert scaling technique based on five-point scale. The study derives the multidimensional analysis of data comprising awareness and preferences of general public about crypto currency concept, traits of crypto currency practices, benefits in day-to-day financial operation and adoption of crypto currency financial trend. The relevance of crypto currency as “new financial trend of the future” is quite pertinent in the present business environment. Sharpening the proponents of crypto currency practices can usher a new shaping stone in the financial hemisphere with digital connotations leading to sustainability of people, planet and profit.

Author(s) Details:

Tamal Taru Roy,
Commerce Department Naba Ballygunge Mahavidyalaya, Kolkata, West Bengal, India.

Partha Naskar,
Personnel & Administrative Reforms Department, Netaji Subhas Administrative Training Institute, Government of West Bengal, Kolkata, India.

Pitu Kundu,
ICMAI, India.

Please see the link here: https://stm.bookpi.org/CRBME-V3/article/view/13779

Determining the Impact of Foreign Direct Investment (FDI) in South Sudan | Chapter 4 | Current Topics on Business, Economics and Finance Vol. 2

 The study proposed at determining the impacts of FDI on South Sudan. The dossier collection approach complicated a review of secondary dossier based on ethnographic design. Two believes were involved; the point-based approach and the uniform FDI fitness believes in order conduct to study. The results of the study are very main and form a braod base of information. Apart from deciding that South Sudan has not been smart to fully influence FDI, the study also persistent that FDI has failed to increase South Sudan’s economy what poverty levels in the country wait high. Additionally, it was famous that despite limited improvements in FDI levels, South Sudan's nationals continue to person who waits on another poverty and the country with its own government is still wracked by a sustained civil war that has demanded thousands of lives. The main tactics implication of the study is that South Sudan needs to take healthy steps to create a governmental, social, and financial environment that will captivate more foreign direct assets in to the country.

Author(s) Details:

Tamburo Michael Renzi,
Department of Business Management, LIGS University, Honolulu, HI, USA.

Please see the link here: https://stm.bookpi.org/CTBEF-V2/article/view/9792

Hong Kong SAR, China and BRI’s Globalization: A Review | Chapter 9 | Research Developments in Arts and Social Studies Vol. 6

 

 This article takes a gander at the distinctions and similitudes among globalization and the job of China on globalization specifically for the Hong Kong Special Administrative Region of China (HKSAR). This article depends on research, perusing, interviews on globalization during numerous years and the writer distributed a book on the BRI in 2020. In correlation with the BRI, Hong Kong is a restricted space which was somewhat lofty monetarily; however the Shanghai Financial Center, opened of late on 28 August 2008 is a special spot in Mainland China ready to be contrasted at present with Hong Kong which as a significant monetary starting around 1970 arose as one of the fundamental worldwide monetary focuses situated in East Asia. At present after New York and London comes Shanghai Financial Center before Hong Kong. China's Globalization called OBOR in 2013, was supplanted by the BRI (Belt and Road Initiative) in 2017. This is a key worldwide new Silk Road for China and Asia, yet additionally for Hong Kong Special Administrative Region (China), Macau (China), Australia, Africa, South-East Asia specifically, and nations in Latin America like Bolivia and Venezuela. The new globalization of the century called Belt and Road Initiative (BRI) is a novel and worldwide method for helping the economy of China and reevaluate the Maritime and Land Silk Road of China which is 2000 years of age. The HKSAR's contribution in the Greater Bay Area isn't completely perceived. Macau is especially huge since it was the primary place of globalization in the sixteenth 100 years. China, the world's second biggest economy, is really a worldwide country, with Chinese individuals living on all mainlands. The job of the Chinese Internet is additionally critical. Hong Kong Special Administrative Region is a piece of the Greater Bay Area. China is currently making BRI, the century's new globalization.

 

Author(s) Details:

Jean A. Berlie,
Education University of Hong Kong, Hong Kong, China.

Please see the link here: https://stm.bookpi.org/RDASS-V6/article/view/7868  

Determining the Impacts of Oil Pollution and a Sustainability Assessment in Nigeria | Chapter 06 | Current Advances in Geography, Environment and Earth Sciences Vol. 3

 The growing impact of climate change has piqued public interest in determining the long-term implications of people's actions. While environmentalists continue to press for accountability, most people in the places where the majority of these pollutions occur, particularly in oil-producing regions, have no voice in their fate. The study proposes a qualitative approach and the creation of a focus group environmental matrix as a unique technique for oil spill control that considers people's perceptions. The following goals aid in the development of a broader understanding of oil exploration and production in local communities, particularly in Nigeria, based on established literature, the establishment of a protocol for engaging with community leaders, the management of focus groups, and reporting on the findings of the focus groups. This study uses a qualitative approach, based on a focus group discussion of 12 open-ended questions about the environmental effects of the oil spill. The impact of the spills on local residents was the focus of the inquiries. Between March and May 2018, qualitative research was conducted in the communities of Gio, Ogale, Kwawa, and KeDere in Ogoniland. Gender-based approaches were tested with 48 participants and pre-determined questions. Participants were asked leading questions and were native English speakers with prior knowledge of the topic. Finally, matrix analysis was used to match the people's perspectives, and the results showed that the overall environmental components had changed.

The focus group matrix indicated unsustainable income, devalued economy, devalued culture, weathering mangrove, respiratory difficulties, inaccuracy in reaction, communication barrier, and economic deterioration as effects of oil pollution. It was determined how important it is to use focus groups to promote environmental restoration and sustainability. It enables a more direct connection with the most vulnerable, as well as potential policy solutions. 

Author(S) Details

Ime Ben
School of Computing Engineering and Built Environment, Glasgow Caledonian University, 70 Cowcaddens Road, Glasgow G4 0BA, Scotland, United Kingdom.

Chigozie Nwankpa
Departmen of Design Manufacturing and Engineering Management, Faculty of Engineering, University of Strathclyde, Glasgow, G1 1XW, Scotland, United Kingdom.

Jim Baird
School of Computing Engineering and Built Environment, Glasgow Caledonian University, 70 Cowcaddens Road, Glasgow G4 0BA, Scotland, United Kingdom.

View Book:- https://stm.bookpi.org/CAGEES-V3/article/view/6509

Climate Change and Rice Production: Adaptation Strategies and Capacity | Book Publisher International

 The purpose of this research is to evaluate the economic impact of climate change on farmer poverty in Kedah, as well as the factors that influence farmers' adaptation decisions and willingness to pay (WTP) for crop insurance in order to adapt to climate change. Climate change is defined as a significant long-term shift in the projected patterns of average weather for an area (or the entire world) over a lengthy period of time. Farmers' perspectives on the issue, as well as their answers, are critical for climate change adaptation success. The consequences of climate change, as well as historical and prospective patterns, are the focus of much of Malaysia's climate change research, with agriculture accounting for a substantial percentage of the study. Agriculture, forestry, coastal resource management, water, public health, and other sectors that are tied to Malaysia's whole economy are all suffering from climate change. To achieve the goals of this study, only the quantitative research approach was used. The survey questionnaire was used to conduct the quantitative technique. According to the findings of this study, the government may need to develop a strategic policy to convince farmers of the insurance scheme's credibility and reliability by increasing farmers' awareness and understanding of crop insurance through advertising and training in order to promote crop insurance in Malaysia. Socio-cultural hurdles often include social and cultural systems, such as cognitive thinking, as well as normative/cultural restrictions in a culture that might stymie adaptation. From both an academic and a practitioner's perspective, this work is significant. This study, according to scientists, will be able to develop a model that will benefit farmers in their efforts to adapt to climate change. The concept that natural processes and ancestral curses contribute to climate change suggests that scientists and development specialists should incorporate farmers' traditional beliefs while developing adaption strategies. More research is needed to determine the viability of farm-level climate change adaption techniques. This will aid governments, researchers, non-governmental organizations (NGOs), policymakers, and farmers in developing and implementing sustainable, resilient, and reliable adaptation methods.

Author(S) Details

Rafia Afroz
Department of Economics, Faculty of Economics and Management Science, International Islamic University Malaysia, 53100 Kuala Lumpur, Malaysia.

Rulia Akhtar
Ungku Aziz Centre for Development Studies (UACDS), Faculty of Economics and Administration, University of Malaya, Malaysia.

View Book:- https://stm.bookpi.org/CCRPASC/article/view/3938

Knots Prevent the Development of Economy: A Case Study from Vietnam | Chapter 10 | Modern Perspectives in Economics, Business and Management Vol. 7

 Despite the fact that Vietnam's GDP has increased significantly during the last ten years. However, Vietnam's economy is currently confronted with two significant obstacles, referred to as the "two knots," namely, institutional and transportation infrastructure. This research uses a quantitative method called multivariable linear regression to analyse these two knots (MLR). The study's goals are to evaluate the impact of institutions and infrastructure on economic development using a case study from Vietnam, and then to make recommendations to competent authorities for improving the situation based on the findings. The five infrastructure variables that have the most impact on the economy are road length, airport link to the rest of the world, rail length, fixed internet subscriptions, and fixed telephone subscriptions. Voice and accountability of people and government are two other institution variables. Policy implementation and policy quality Compliance with rules and laws, as well as anti-corruption efforts, have an economic impact.

Author (S) Details

Vu Thi Kim Hanh
Van Lang university, Hochiminh City, Vietnam.

View Book :- https://stm.bookpi.org/MPEBM-V7/article/view/3626

Study on the Economy and Food Security in the Arab World in the Midst of the Corona Crisis | Chapter 14 | Modern Perspectives in Economics, Business and Management Vol. 5

 The Corona pandemic, as bad as it appears, may provide an opportunity to revive local agriculture and alleviate a significant portion of food shortages, in which demography, among other factors, plays a key role in preserving informal employment on the black market that surrounds major Arab cities inhabited by tens of millions of people who have moved from the countryside to the cities in search of a better life. This represents a once-in-a-lifetime chance for all Arab governments to assist in the stabilisation of the rural population by making them a source of food security. Not to mention the fact that the Arab states are among the dry areas with fragile ecosystems due to their geographical location, we can think of investing in modern technologies, following expert recommendations, using rainfall skyscrapers, converting buildings into power generators, vertical farming, and innovation.

Author (S) Details

Alexe Eva
Police Academy Alexandru Ioan Cuza, Romania.

Plesoiu Marius Daniel
Faculty of History, University of Bucharest, Romania.

View Book :- https://stm.bookpi.org/MPEBM-V5/article/view/3340

Accounting and Municipalities Performance: The Case of the Central Region of Portugal | Chapter 10 | Insights into Economics and Management Vol. 7

 The disparities in the adoption and application of financial accounting reform in Portuguese municipalities are examined in this article. Researchers and academics are very interested in accrual accounting in the public sector. This strategy was created with the premise that one way to modernise public sector management would be to incorporate private-sector accounting practises. This research is focused on a survey sent to the financial officers of Portuguese municipalities in the Central Region of Statistics, who had previously implemented double entry accounting based on the Official Accounting Plan of Local Authorities (POCAL). For the entire target group, the questionnaire was organised in the same way. Based on the feedback received, this analysis will be able to determine if local governments are doing what they are legally required to do in terms of providing financial information on resource allocation and the creation of performance metrics based on accounting data.

Author (s) Details

Maria da Conceição da Costa Marques
Instituto Superior de Contabilidade e Administração de Coimbra, Portugal.

José Ferreira Marques
Mestre em Contabilidade e Fiscalidade Empresarial Instituto Superior de Contabilidade e Administração de Coimbra, Portugal.

View Book :- https://stm.bookpi.org/IEAM-V7/article/view/623