Global Economic Integration Research Articles

Ideological Functions and Development Management of the Film and Television Culture Industry

In the context of global economic and cultural integration, the rapid development of the cultural industry is an unstoppable trend. As an emerging industry that can promote global economic and cultural prosperity, it plays a central role in a nation or regions economy and serves as a key driver of economic growth. The ideological functions of the cultural industry have also become increasingly significant in safeguarding cultural and national ideological security. The film and television industry, with its distinctive cultural characteristics, serves as a primary vehicle for shaping a nations image, disseminating its values, lifestyles, and popular culture, and facilitating the development of other sectors. In the new era, there is a growing demand for higher quality and better industry management in the film and television culture industry to effectively showcase a nations image. In light of this, this paper, aiming to promote the further development of the national film and television culture industry and better represent the national image, explores the ideological functions of the film and television culture industry, responds to the contemporary societal demands and the fundamental need to project the national image, and delves into the development management pathways of the national film and television culture industry. It also provides a series of strategic recommendations to foster the development of the national film and television culture industry and enhance the representation of the nation on the global stage.

Evolutionary Game Analysis of Cross-Border E-Commerce Logistics Alliance Subject Considering Supply Chain Disruption Risk

Due to the quick rise in cross-border e-commerce and the expansion of global economic integration, cross-border e-commerce logistics alliances now present new opportunities and potential. Simultaneously, research on risk concerns in cross-border e-commerce in the modern era has drawn interest. This paper considers the special scenario of cross-border e-commerce supply chain disruptions, analyzes the main decision-making behaviors of key entities in the cross-border e-commerce logistics alliance under normal and risk scenarios, and based on this, constructs a tripartite evolutionary game model among cross-border e-commerce platforms, logistics service providers, and overseas merchants. The article analyzes the evolutionary stability of strategy choices for all participants, discusses the impact of various elements on the strategy choices of the three parties, and conducts a simulation analysis of the dynamic game of strategy choices for the three parties under the influence of different parameters using MATLAB 2021a software. The findings of the study demonstrate the following: (1) The reduction in the allocation coefficient for additional total costs of logistics service providers, the increase in the overall losses of the alliance due to customer complaints, and the increase in compensation rulings by the platform for supply chain risks faced by merchants will all encourage logistics service providers to actively pursue service innovation strategies and prompt overseas merchants to actively participate in alliance cooperation. However, an increase in overall risk costs and an increase in opportunity costs for merchants will raise the costs of tripartite alliance cooperation, thus hindering cross-border e-commerce logistics alliance collaboration. At the same time, when logistics service providers receive punishment from the platform and face potentially increased losses due to complaints, this will not only enhance the platform’s control over logistics service providers but also reduce the enthusiasm of logistics service providers to pursue service innovation strategies. (2) As the main body of the alliance, cross-border e-commerce platforms should coordinate the participants, constrain the behaviors of the participating entities within the alliance through setting reasonable reward and punishment mechanisms, and ensure the comprehensive benefits of the cross-border e-commerce logistics alliance through the combined effect of different exogenous variables. Finally, through the analysis, verification, and explanation of the established model and methods, the effectiveness and applicability of the model and methods are confirmed, providing certain strategic support and a development reference for actively establishing cross-border e-commerce logistics alliances to promote cross-border e-commerce trade.

Dynamic relationship between marine fisheries economic development, environmental protection and fisheries technological Progress—A case of coastal provinces in China

With the deepening of economic globalization and regional economic integration, as well as the emergence of “black swan” events such as the novel coronavirus epidemic and the Russia-Ukraine conflict, marine fisheries is increasingly linked to national strategic interests and economic lifeblood. Under the new situation, it is necessary to explore the synergistic evolution of marine fisheries economic development, environmental protection and fisheries technological progress, so as to help the sustainable and healthy development of marine fisheries. Based on the panel data of 11 coastal provinces and cities in China, from 2006 to 2020, this study constructs an integrated framework of a marine fisheries economy–environment–technology system and utilizes methods such as entropy method, Tapio decoupling index, coupling coordination degree model, and panel vector autoregressive model to analyze its comprehensive development, collaborative evolution, and dynamic correlation mechanism. Results show the following: (1) The comprehensive development index of the fisheries economy and technology subsystems was generally on the rise, but that of the marine environment subsystem was on the decline and fluctuating. (2) The development of the marine fisheries economy–technology subsystem was relatively coordinated, but the decoupling of marine environment from fisheries economy and technology was relatively obvious. The three marine fisheries subsystems reached reluctant coordination, but most of the regions shifted from being driven by economy–environment coupling to leading by economy–technology coupling, which indicates that the deteriorating marine environment hindered the marine fisheries system from achieving high-level coordinated symbiosis. (3) The three marine fisheries subsystems possessed self-reinforcing mechanisms, but the positive effect was relatively limited in long-term development. Moreover, the marine fisheries environment subsystem has yet to achieve sustainable and benign interaction with the economy and technology subsystems. Therefore, it is urgent to take quality and efficiency improvement as the core, facilitating the leap of marine fisheries economy, adopt green environmental protection as the key, consolidating the bearing foundation of marine environment, and employ scientific innovation as the sail, effectively playing the leading role of fisheries technology.

Improving the Quality of the Logistics and Supply Chain Management Faculty According to a Competency-Based Approach at Vietnamese Universities

In the context of global economic integration, the logistics and supply chain management industry is becoming a spearhead sector driving the development of Vietnam's economy. However, the current growth of this industry is facing difficulties due to a shortage of high-quality human resources in terms of both quantity and skills. The teaching activities of logistics and supply chain management at Vietnamese universities still have many limitations and do not meet the specific needs of developing students' capacity after graduation. This article is based on a survey of the general situation of teaching logistics and supply chain management at Vietnamese universities. In which, the current situation of the teaching staff is still lacking in experience and expertise in the field of logistics and supply chain management. In addition, teaching methods are still quite traditional and do not meet the requirements for interaction, application, practical skills, and creative thinking for students. Through analyzing the factors affecting the teaching process, the article introduces a solution to improve the quality of the teaching staff of logistics and supply chain management based on a competency-based approach.

The Impact of U.S. Quantitative Easing Policy on the Domestic Economic Cycle Based on HP Filtering

With the deepening of global economic integration, the trend of global trade and financial integration is increasing in parallel, while the degree of interconnectedness and mutual influence among national economies is also increasing. This paper uses HP Filtering method and Granger Causality Test to verify and analyze the effect of quantitative easing policy on economic cycle based on CPI and PPI data. After the comparative analysis, it is concluded that after the implementation of quantitative easing policy, the economic cycle of the United States is less volatile and more stable. And the time in the boom period is significantly extended. However, the speed of recession begins to accelerate after the increase in magnitude. Therefore, the quantitative easing policy is a strong agent, which has a strong effect on economic stability and growth, but it also brings non-negligible after-effects. Countries should pay attention to the reasonable and appropriate use, otherwise it will trigger larger economic fluctuations which bring economic crisis.

Covid-19 Pandemic, China and Global Economy: Stylized Facts and Prospect

This article studies the huge impact on the global economy due to the spread and development of the novel coronavirus. As the first country affected by the pandemic, China has reflected the impact of the epidemic on the global economy through its policy analysis and investigation during the epidemic, which is reflected in the disruption of international trade, the turmoil of the stock market, and the increase in unemployment. COVID-19 virus appears for the first time in China. The extremely high infection rate and extremely fast transmission speed have made China's political economy turbulent. The Chinese government has implemented a closed policy to control the spread of the epidemic. After the epidemic was brought under control, the Chinese government revived the economy by subsidizing enterprises and the unemployed. It is found that the government must respond quickly, and each country can help each other to restore the economy and better reflect the global economic integration.

Economic Convergence Among Asia-Pacific Economic Cooperation Members. A Comparative Analysis, 1960–2020

The process of global economic integration is justified by the primary goal of inclusive and balanced growth for all economies, so it is relevant to identify the extent to which this goal has been achieved. This research evaluates whether the member economies of the Asia-Pacific Economic Cooperation (APEC) have experienced economic convergence during the 1960–1990 (pre-APEC) and 1990–2020 (post-APEC) periods. For this purpose, beta, sigma and gamma convergence are estimated, which are methodological approaches proposed by Barro and Sala-i-Martin (1991, Brookings Papers on Economic Activity, 1991(1), 170–182) and Marchante et al. (2006, Fundación de Estudios de Economía Aplicada Working Papers No. 2006-05), for APEC as a region and for the high- and middle-income economies that conform it. The results show that the process of economic convergence among APEC members intensified after its formation in 1989 and that the region can be categorized as an ‘economic convergence club’. As well as that, the high- and middle-income groups are converging towards their respective stationary state.

MADM framework based on 2-tuple linguistic neutrosophic sets and its application to comprehensive evaluation of corporate cultural competitiveness

Corporate culture is the sum of corporate values, systems, and behavioral norms formed in the long-term survival and development of an enterprise. It is the long-term accumulation of consensus among all employees in the enterprise. In the context of today’s global economic integration trend, the role of corporate culture construction in promoting enterprise development, improving business performance, and enhancing internal cohesion and external competitiveness is becoming increasingly significant. How to strengthen the construction of corporate culture and establish excellent corporate culture is increasingly receiving widespread attention from the academic and business communities. The comprehensive evaluation of corporate cultural competitiveness is regarded as multi-attribute decision-making (MADM). The 2TLNSs are employed as a useful tool for characterizing uncertain information during the comprehensive evaluation of corporate cultural competitiveness. In this paper, the dual Hamy mean (DHM) and the power average (PA) are connected with 2-tuple linguistic neutrosophic sets (2TLNSs) to propose the 2-tuple linguistic neutrosophic numbers power weighted DHM (2TLNPWDHM) operator. Then, use the 2TLNPWDHM operator to handle MADM with 2TLNS. Finally, taking the comprehensive evaluation of corporate cultural competitiveness as an example, the proposed method is explained. The main contributions of this study are summarized: the establishment of the 2TLNPWDHM operator; (2) The 2TLNPWDHM operator was developed to handle MADM with 2TLNS; (3) Through the empirical application of the comprehensive evaluation of corporate cultural competitiveness, the proposed method is validated; (4) Some comparative studies have shown the rationality of the 2TLNPWDHM operator.

Transmission of risk to China's construction industry due to international interest rate fluctuations

PurposeUnder the trend of global economic integration and the new context of stagflation, frequent fluctuations in international interest rates are exerting far-reaching impacts on the world economy. In this paper, the transmission mechanism of the impact of fluctuations in international interest rates (specifically, the American interest rate) on the bankruptcy risk in China's pillar industry, the construction industry (which is also sensitive to interest rates), is examined.Design/methodology/approachUsing an improved contingent claims analysis, the bankruptcy risk of enterprises is calculated in this paper. Additionally, an individual fixed-effects model is developed to investigate the mediating effects of international interest rates on the bankruptcy risk in the Chinese construction industry. The heterogeneity of subindustries in the industrial chain and the impact of China's energy consumption structure are also analysed in this paper.FindingsThe findings show that fluctuations in international interest rates, which affect the bankruptcy risk of China's construction industry, are mainly transmitted through two major pathways, namely, commodity price effects and exchange rate effects. In addition, the authors examine the important impact of China's energy consumption structure on risk transmission and assess the transmission and sharing of risks within the industrial chain.Originality/valueFirst, in the research field, the study of international interest rate risk is extended to domestic-oriented industries. Second, in terms of the research content, this paper is focused on China-specific issues, including the significant influence of China's energy consumption structure characteristics and the risk contagion (and risk sharing) as determined by the current development of the Chinese construction industry. Third, in terms of research methods a modified contingent claim analysis approach to bankruptcy risk indicators is adopted for this study, thus overcoming the problems of data frequency, market sentiment and financial data fraud, which are issues that are ignored by most relevant studies.

Phân tích chất lượng kiểm toán tại các doanh nghiệp kiểm toán ở khu vực Đông Nam Bộ của Việt Nam

Audit quality is a determining factor in establishing trust and sustainability for businesses in the globalized business environment. It encompasses the competence of auditors, the scale of auditing firms, and whether the audit belongs to the big-four group. The quality of financial reports after auditing is evaluated from the perspective of service users and quality control agencies. However, the assessment of audit quality often relies on individual judgment. In the context of global economic integration, audit quality has become a crucial factor. Still, it requires extensive research to enhance the competitiveness of the Vietnamese auditing industry following previous audit-related incidents.

Educating traditional cultural values through belief in worshiping the ancestor in the family

The purpose of this study is to determine the values of Belief in worshiping ancestors in the family in order to educating the traditional cultural values of Vietnam in the context of globalization and international economic integration. To this end, this article studies ancient documents and research works of some reputable researchers on Vietnamese beliefs and culture; in-depth interviews (IDI) and focus groups discussion (FGD) were conducted to obtain genuine comprehension of Vietnamese folk belief activities. The data were evaluated using content analysis. This article reported on four aspects of problems: (i) Belief in the immortality of ancestor’s souls; the blessing as well as the punishment of the ancestors’ souls to their descendants; (ii) Education about the sense of origin; (iii) Education on the ethics of gratitude; (iv) Education filial piety in daily life. This study helps understand the values of ancestor worship in the family is the basis for good relationships in the family, relatives, and clan; good behavior keeps people with people in society; thereby educating the good values of Vietnam’s traditional culture in the context of globalization; international economic integration. This study can be used for teaching in the Vietnam education system; contribute to the dissemination of traditional cultural values of Vietnam; shed more light on Vietnam’s value systems; serve as a basis for planning and formulating policies to develop an advanced Vietnamese culture imbued with national identity.

Translation of Cosmetic Trademark Names in Eco-Translatology

Under the influence of global economic integration, a large number of foreign cosmetic brands have entered the Chinese market, and many domestic cosmetic brands have gradually gone international. The brand name represents the core ideology and and molds the image. Therefore, the translation of cosmetics brand name plays a vital role in the sales of products and the improvement of market competitiveness. Eco-Translatology is a paradigm of ecological translation studies rooted in eco-reason and synthesized from an ecological perspective. It originated and was displayed in an upsurge of worldwide ecological theories to synthesize and describe the entire ecology of translating and translation theories proper (including the essence, processes, criteria, principles, methods, and factual cases of translation) from the ecological perspective, drawing support from the isomorphic metaphor between the translation ecosystem and the natural ecosystem; conceived in ecological holism; subordinated to Eastern ecological wisdom; probing into textual ecology, translator-community ecology, translationenvironment ecology, and their interrelationship; and narrated in ecological terms and an ecological manner. Based on the micro-level translation of ecological translation, this paper try to explore the translation methods of cosmetics brands name from four aspects: grasping multi-dimensional conversion, creating a new situation, adapt to the translation ecology and consider subjects and environment.

How to Effectively Identify Financial Risks in Financial Management

In the context of global economic integration, Chinas financial industry has been influenced by the international situation, and the openness of the industry is obvious. The entry of foreign financial institutions has made the competition in Chinas financial market more and more intense, which has intensified the financial risks while promoting economic growth. In view of this, this paper will discuss in depth the effective identification of financial risks in financial management and put forward feasible protection countermeasures, aiming to help the financial industry further improve its risk management. The results of this study show that accurate identification of financial risks can provide a basis for financial management and fully maintain economic efficiency. To meet the international development trend, the financial industry must do a good job of risk identification, assessment, and prevention so as to reduce the probability of risk and the losses it brings. Since financial risks are inevitable, each company must face the increasingly complex economic market according to its own situation, which puts higher demands on the risk management of companies.

The South Seas and Islands in Vietnam’s Maritime Strategy: Position and Development Potential

Over 1,000 kilometers of islands and archipelagos make up Vietnam’s southern coastline. The following points are emphasized in the article based on surveys and secondary sources: (1) the benefits of the Southern Sea and Islands’ geographic location, environmental conditions, and natural resources; (2) the Southern Sea and Islands’ role in Vietnam’s marine economic development strategy; and (3) approaches to the sustainable development of the Southern Sea and Islands in Vietnam’s overall marine and island development strategy. The findings of the study indicate that the Southern Sea and Islands have abundant and diverse potential in terms of energy, maritime transport, ecosystems, and tourism, serving as a critical location for national security and defense for the region and the whole country. The development of marine and island values in the southern region of the country is a key component of Vietnam’s marine economic development strategy, which also emphasizes harmonious growth. Focusing on synchronized and harmonious actions is essential in the process of taking advantage of the Southern Sea and Islands’ benefits for the process of global economic integration. It is also important to promote the involvement of numerous economic sectors in the process of utilizing and sustainably growing the marine economy.

On Cultural Differences in Business Negotiation

With the rapid development of global economic integration, business exchanges between domestic and foreign enterprises are becoming more and more frequent. Due to cultural differences, the way of business negotiation has also changed a lot. As a form of interpersonal communication, business negotiation inevitably involves the communication methods of different countries, different nationalities, different social and cultural backgrounds and etiquette cultures, thus producing very rich business negotiation methods. How to better achieve the expected effect of business negotiations with different cultural backgrounds, then correctly deal with the conflict points of different cultural differences will become one of the key factors in business negotiations, which deserves the attention of all business people.

STATUS QUO OF CHINESE CULTURAL INHERITANCE

Chinese culture has a long history and is one of the oldest ancient civilizations. In the course of thousands of years of development, the Chinese nation has created a rich and splendid Chinese culture. Chinese culture is the spiritual pillar for the long-term continuation and continuous development of the Chinese nation. The main spiritual core of Chinese culture is Confucian culture, which has been inherited for thousands of years. Confucian culture is the muscle and bone of Chinese culture. Meanwhile, Taoism, as a local religion, and Buddhism, which is integrated with society in the history of Chinese civilization for thousands of years. Chinese culture has been influenced by foreign cultures and embraces fine foreign cultures. The rapid development of national economy and the integration of global economy have accelerated the influence of foreign culture on China. Media and business hype, promote the "foreign festival" is heating up, behind which is mainly huge commercial profits; It is also inevitable that the Chinese people begin to lead a rich life and pursue a rich and colorful spiritual life. At the same time, traditional culture is regarded by a large number of young people as dross, feudal superstition, backward and unprogressive representative. Chinese culture has thrown off its shackles, been in line with The Times, actively innovated, and carried out new media communication. More and more people have spontaneously joined the camp of protecting cultural inheritance. The method of cultural inheritance also changes with The Times, but what remains unchanged is the sense of belonging to culture.

Investigating the Innovation and Application of Jackson Pollock's (Drip Painting) Elements in Fashion Design

As a unique cultural carrier, clothing always reflects people's way of life and aesthetic concepts. With the continuous development of global economic integration and the mutual integration of multiculturalism, people's aesthetic needs for clothing are becoming increasingly diversified. The painting process of Jackson Pollock's “drip painting” is carried out in an unconscious mental state, which is very subjective and random. It uses a combination of lines, colors, and shapes to portray nature in his imagination. At the same time, he also pays great attention to applying comprehensive materials. His creative idea can also be used in clothing, which can enrich the artistic language of clothing and improve the artistry of clothing. This study applies acrylic and colors hot melt adhesive to clothing fabric in a way similar to Pollock's "drip painting" through practical research to test its fluidity and coloring effect on the fabric and the layering of lines. The experimental results conclude that the adaptability of hot melt adhesive stick and canvas fabric is very high, and its fluidity and stability can confirm the feasibility of applying it to clothing design. However, the performance effect of acrylic pigment in this practical research is not ideal. This study found that atypical clothing materials can make clothing more abstract and play a positive role in the personalized expression of clothing.

Intermediaries’ substitutability and financial network resilience: A hyperstructure approach

This article studies the impact of intermediaries’ disappearance on firms’ access to the sterling money market during the first globalization era of 1880-1914. We propose a new methodology to assess intermediaries’ substitutability in financial networks featuring higher-order structures (credit intermediation chains). We represent the financial network as a hyperstructure and each credit intermediation chain as a hyperedge. This approach allows us to assess how the failure of intermediaries affects network connectivity. We apply this methodology to a unique dataset documenting the network structure of the sterling money market in the year 1906. Our results reveal that the failure of individual money market actors could only cause limited damage to the network as intermediaries were highly substitutable. These findings suggest that an international financial network without highly systemic nodes can emerge even at a time of global economic integration.

Evaluating the Effect of Institutional Distance on the Bilateral Trade of China and EU

Under the trend of global economic integration, in order to achieve China’s long-term goal of sustainable economic development, China is committed to strengthening its bilateral trade with countries around the world. The EU have long played an important role in China’s foreign trade, but there are still many problems in China’s bilateral trade with the EU. Therefore, many scholars have conducted a series of studies on the factors affecting bilateral trade between China and the EU in attempt to find positive economic and trade strategies to promote bilateral trade between China and the EU. At present, there is a growing consensus among scholars that is “institutions determine trade”. However, the results of previous studies do not provide a quantitative analysis of the impact of institutional distance on bilateral trade between China and the EU. Thus, the research on the impact of institutional distance on bilateral trade between China and the EU is rather one-sided. However, in fact, different categories of institutional distance may have different impacts. Therefore, this paper presents a classification study of the specific impact of institutional distance on bilateral trade between China and the EU.

Research on the Internationalization Strategy of Chinese Private Enterprises: Taking Huawei as an Example

In the context of global technological revolution and rapid development of global economic integration, the private enterprises in our country face more challenges. In the new era, China's economy has shifted from high-speed growth to high-quality development; this puts forward higher requirements for the development of private enterprises in China. Facing new challenges and requirements, it is an important way to improve the international competitiveness of China's private enterprises to do a good job in the internationalization strategy. Therefore, this paper analyzes the current situation and development motivation of the internationalization of private enterprises in China, and finds the problems in the development of the emerging stage. Taking the internationalization of Huawei Group as a case, this paper analyzes the survival of the fittest in the development of Huawei Group's internationalization, and deeply analyzes the successful experience and lessons of Huawei Group's internationalization strategy. Combined with the national conditions of our country, this paper puts forward the enlightenment for the internationalization development of private enterprises in our country.